Processed Fruits & Vegetables Market is Ascending at a CAGR of around 7.1% by the Forecast 2022 to 2032 | Future Market Insights, Inc.

FMI report, the sales of processed fruits & vegetables are expected to surpass a value of US$ 539.8 Bn in 2032, rising at a CAGR of around 7.1% through the end of 2032.

The rise is attributed to the product’s low processing and high nutritious value. Manufacturers are changing the processed fruits & vegetables market trends by employing a variety of packaging solutions to keep fresh–cut fruits and vegetables fresh. The use of edible coatings and modified atmosphere packaging (MAP) to extend the shelf life of fresh–cut fruits and vegetables is becoming more common.

As per the processed fruits & vegetable market analysis, there has been an increase in interest in the creation and manufacture of meat substitutes during the past few years. By 2030, it is anticipated that the global market for plant-based alternatives will be worth USD 85 million.

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The demand for beef and dairy products in the US is also anticipated to decline by 80–90% by 2035. Because of their greater functioning and improved nutritional makeup, which can result in texture and flavor upgrades, fruits and fruit-based products are attracting the attention of manufacturers of plant-based foods. This has changed the processed fruits & vegetable market outlook significantly.

Additionally, the COVID-19 pandemic has improved the rate of adoption of processed fruits & vegetables since it is well suited for living in quarantine and is thought to be both inexpensive and nourishing.

The market for dried fruits has been pushed up by the increased demand for processed fruits & vegetables market in various parts of the world. The market for dried fruit is being driven by a shift in customer choice for healthy and nutritious foods as a result of rising obesity and an aging population.

Furthermore, the rising demand for dried fruit has been spurred by increased acceptance of healthful packaged foods and widespread use of dried fruit in the dairy, snack, confectionery, and bakery, industries, therefore, augmenting the growth of the processed fruits & vegetables market.

Key Takeaways from the Processed Fruits & Vegetable Market Study:

  • The US is estimated to account for more than 60% of the North American processed fruits & vegetables market in 2022.
  • Through 2026, Latin America is expected to grow at a healthy 7.1% compound annual growth rate (CAGR).
  • The increasing urbanization and accompanying lifestyle changes that are focused on higher health consciousness among consumers are primarily responsible for regional growth in the US.
  • The food is cooked to a precise and controlled temperature during the canning process to destroy enzymes and eliminate the risk of deterioration and food illness, therefore, leading to rapid growth in the canned processed fruits & vegetables market segment.
  • The filling processing equipment industry is expected to exceed USD 38.6 billion by 2027, owing to technological developments like heightened production speed, reduced manpower requirements, and automated reliability to maintain product quality.

“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.” said a lead analyst at FMI.

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Who is winning?

Key players operating in the global processed fruits & vegetable 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. Technology is also proving to be strong support for the demand for processed fruits & vegetables market to grow in the coming years.

For example, Sorma Group developed the HyperVision platform in January 2021, a cutting-edge, multi-wavelength lighting solution that provides exceptional fruit sorting and a high level of efficiency. It has the capability of analyzing up to 15 pieces of fruit each second.

Get Valuable Insights into the Processed Fruits & Vegetables Market 

FMI, in its new offering, provides an unbiased analysis of processed fruits & vegetables presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for Processed Fruits & Vegetables based on by type (vegetables and fruits), by processing equipment (processing, pre-processing, seasoning, washing, filling, packaging), by product (fresh, canned, fresh-cut, drying & dehydration, frozen) across five major regions.

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Processed Fruits & Vegetables Market by Category

By Type:

  • Fruits
  • Vegetables

By Processing Equipment:

  • Processing
  • Pre-processing
  • Seasoning
  • Washing
  • Filling
  • Packaging

By Product:

  • Fresh
  • Canned
  • Fresh-Cut
  • Drying & Dehydration
  • Frozen

By Region:

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

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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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Parking Meter Apps Market Set to Witness an Uptick Size US$ 358 Million by 2032 | Future Market Insights, Inc.

The global Parking Meter Apps Market was valued at US$ 73.8 Million in 2022 and is expected to reach US$ 358 Million by 2032, find Future Market Insights (FMI) in a recent market survey. The market is a projected CAGR of 17.1% from 2022 to 2032.

As per the findings of the report, individual users, among other End Users will garner significant demand in the market as the bulk of revenue will be generated through them. Revenue through individual users grew at a CAGR of 18.7% during 2017 – 2021.

However, businesses are increasingly deploying the parking meter app solutions for the ease of employees, and are expected to contribute a large share in the market.

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Increasing in number of vehicles on roads boosts the Global Demand for Parking Meter Apps

With the increasing number of vehicles on the road, the pandemic has increased the need for contactless parking payment solutions and raised the relevance of digital payments in parking meter apps, providing greater growth opportunities for the market players in parking meter apps.

Although, these apps have made parking easier for the users leading to the growth of the global Parking Meter Apps Market, the high construction costs required for maintenance and providing parking space results in high operating costs, slowing the growth of the global Parking Meter Apps Market in the developing nations.

The US Continues being the Largest Revenue Stream for Parking Meter Apps Market

The United States has the largest market for Parking Meter Apps, which is projected to reach a valuation of US$ 121.5 Million by 2032. From 2017 to 2021, the market in the US grew at a CAGR of 18.4%. Between 2022 and 2032, the US is expected to be a market with a US$ 94.7 Million absolute dollar opportunity.

Most of the key cities offer parking payment apps, according to the parking and transport ticketing company Flowbird. Services like ParkWhiz, SpotHero, and Parking Panda offer reservations for parking spots in the key US cities. In many cities in the US, there are also valet apps such as Luxe, Zwayo, SpotLight Parking and Veer, to make the process more accessible.

“The addition of advanced features, such as auto-payment options and voice guidance enabled through smartphone apps, are likely to drive the demand for more innovative solutions in Parking Meter Apps.” comments an analyst at Future Market Insights.

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Parking Meter Apps Market: Competition Insights

The Parking Meter App Market is getting quite competitive recently. Some of the key players of the industry are IEM SA, INRIX, Inc., ParkMate, Parkopedia, Arrive (ParkWhiz), ParkMobile, LLC, PASSPORT LABS, INC., Flowbird, PayByPhone, EasyPark, Parking Panda, Streetline, BestParking, Waze, HONK, JustPark, and Telpark.

Some of the key developments in the parking meter apps market include the following:

  • In May 2021, three separate smartphone apps will be made accessible by the Public Parking Authority of Pittsburgh so that cars can pay for parking time. In order to provide users with more mobile app options than only the Go Mobile PGH app powered by Parkmobile, the Flowbird and Meter Feeder apps will soon be offered as payment options.
  • In February 2021, Denver launched a new parking meter app that allows contactless payments and time extensions within the specified limits. The app sends users a text notification when their parking session is about to expire, which can assist individuals to avoid receiving parking citations. Without having to go back to the parking meter, people may use the app to add money and extend their parking within the allotted time.
  • In February 2021, a new web app from ParkMobile that enables users to instantly pay for parking on a mobile web browser has been developed. For those who wish to pay for parking contactless but do not want to download a feature-rich mobile app, ParkMobile is offering another choice with this online app.
  • In February 2020 The Memphis Area Transit Authority (MATA) in the United States has contracted Amco S.A. to build an automated parking fare collection system.

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More Insights Available

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

The study reveals extensive growth in Parking Meter Apps Market by Platform (Android and iOS); and by End User (Personal and Businesses), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In Parking Meter Apps Market Survey

Parking Meter Apps Market by Platform:

  • Android
  • iOS

Parking Meter Apps Market by End User:

  • Personal
  • Businesses

Parking Meter Apps Market by Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

About Us

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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Customer Engagement Solutions Market is Expected to Rreach a Valuation of US$ 55 Billion by 2032 | FMI

The Customer Engagement Solutions revenues were estimated at US$ 17.4 Billion in 2021 and is anticipated to grow at a CAGR of 10.9% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 55 Billion.

Businesses are making significant investments in customer interaction technologies in order to increase customer conversion and retention rates and create more effective sales teams. In order to improve customer service and connections, which will ultimately result in better sales and revenue, CRM software assists in gathering customer data and analyzing prior customer encounters.

Due to the widespread use of the internet, it is projected that the market for customer engagement solutions would grow fast in the forthcoming years. Customer engagement solutions use the internet to reply to consumer inquiries digitally using media such as email, social media, live chat, and messaging programs.

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According to Internet World Stats, a US-based provider of internet statistics, the number of internet users worldwide climbed from 4.5 Billion in June 2019 to 5.1 Billion in March 2021, with a penetration rate of 65.6%. The typical internet user logs on for 6 hours and 43 minutes per day. Therefore, the increased usage of the internet is driving the demand for client engagement solutions.

The food industry aggressively uses big data to grow and maintain its competitiveness. The growth of the e-commerce industry has increased the availability of data regarding online consumer behavior.

These statistics show that more customer engagement technologies are being adopted by the food and beverage industry. Consumer purchase trends are being examined and researched using data analytics. Businesses employ big data technologies to enhance customer interactions and personalize experiences.

Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Customer Engagement Solutions market are focused on alliances, technology collaborations, and product launch strategies.

Some of the recent developments of key Customer Engagement Solutions providers are as follows:

  • In March 2022, Microsoft’s acquisition of Nuance Communications, Inc. with their security-focused, cloud-based products supplemented with robust, vertically targeted AI. Microsoft and Nuance will provide organizations across industries with the tools they need to achieve their goals faster. Customers will gain from the improved consumer, patient, clinician, and employee experiences as well as, eventually, from higher productivity and financial success.
  • In July 2021, Salesforce acquired Slack. With this acquisition, Salesforce will be able to offer the Slack-first Customer 360, giving companies a single point of accountability for their operations as well as a platform to connect employees, clients, and partners with one another and the daily-use apps they use, all within their existing workflows.
  • In June 2019, a new standard for the customer experience sector is being established with the acquisition of Teleopti by Calabrio. The industry-leading, real multi-tenant SaaS customer experience intelligence platform is created by combining the workforce management software from Teleopti and the customer experience solutions from Calabrio.

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More Insights Available

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

The study reveals extensive growth in Customer Engagement Solutions in terms of component, Solution (Omni Channel, Workforce Optimization, Others) Services (Managed Services Professional Services) Deployment (On-Premises, Cloud) Organization Size (Small and Medium Enterprises, Large Enterprises) Verticals (Banking, Financial Services, and Insurance, Telecom and IT, Retail and Consumer Goods, Media and Entertainment, Education & Training, Other End-user Industries) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Customer Engagement Solutions Market Segmentation

By Component:

  • Solution
    • Omni Channel
    • Workforce Optimization
    • Others
  • Services
    • Managed Services
    • Professional Services

By Deployment Type:

  • On-Premises
  • Cloud

By Organization Size:

  • Small and Medium Enterprises
  • Large Enterprises

By Verticals:

  • Banking, Financial Services, and Insurance
  • Telecom and IT
  • Retail and Consumer Goods
  • Media and Entertainment
  • Education & Training
  • Other End-user Industries

By Region:

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

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About Us

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
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United Kingdom in Radiotherapy Devices Market is set to expand at a CAGR of 11.3% from 2022 to 2032

Recent Future Market Insights research titled “Radiotherapy Devices Market” claims that The market for radiation equipment is anticipated to reach US$ 6.4 billion by the end of 2022 and expand at a CAGR of 10.3% from 2022 to 2032. The market is expected to be valued US$17.0 billion by the end of 2032. The equipment used in external beam radiation therapy held a share of roughly 82.0% of the global market in 2021.

Key drivers fuelling revenue growth of the global radiotherapy devices market

Rising instances of cancer across the globe: The adoption of western lifestyles and rise in unhealthy habits such as smoking, lack of physical activity, poor diet, etc. in economically developing countries will place a huge burden of cancer across the global populace. The demand for radiotherapy as a treatment option will be bolstered as a result.

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Patient preference for minimally invasive techniques: Patients suffering from cancer, especially breast cancer (the second most common cancer in the world) are showing an increasing preference for minimally invasive treatment techniques and this is anticipated to fuel the growth in demand for radiotherapy.

Growing popularity of radiotherapy devices among oncologists: Radiation therapy being the most popular therapy type in cancer management, oncologists across the world are showing an inclination towards radiotherapy devices, given the fact that more than 50% of cancer patients are likely to receive radiotherapy during the course of their treatment – either in primary disease management or for symptom control.

Global Radiotherapy Devices Market – Current Scenario & Future Outlook

The current scenario of the global radiotherapy devices market indicates a growing demand for radiotherapy devices in developing countries owing to ease of regulations and increasing product affordability. The radiotherapy devices market is highly consolidated with companies offering innovative products with latest technological advancements.

The future market outlook leans on minimally non-invasive technology that will generate the necessary demand in the global market. Among regions, North America will rule the global market for radiotherapy devices. Technological advancements coupled with growing instances of different types of cancers will make the global radiotherapy devices market a lucrative destination for investors.

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Global Radiotherapy Devices Market: Segmental Forecast

The global radiotherapy devices market is segmented on the basis of product type into External Beam Radiotherapy Devices (sub-segmented into Linear Accelerators Devices and Proton Therapy Devices) and Internal Beam Radiotherapy Devices (sub-segmented into Brachytherapy); on the basis of end user into Hospitals, Ambulatory Surgical Centres, and Oncological Treatment Centres; and on the basis of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa.

By product type, External Beam Radiotherapy Devices will dominate the global radiotherapy devices market in terms of value share, estimated to hold over 75% market share in 2017 and over 85% market share by the end of the forecast period in 2027. This segment will register a high CAGR of 10.7% during the forecast period.

By end user, Hospitals will retain a dominant position in the global radiotherapy devices market with an estimated market valuation in excess of US$ 6,500 Mn by the end of 2027. Oncological Treatment Centres will hold the runner-up position, registering a CAGR of 8.7% during the forecast period.

Among the regional markets, North America will retain its pole position in the global market with a Y-o-Y growth rate of 8.1% in 2018 over 2017. Latin America will witness sluggish growth throughout the forecast period, with a CAGR of 6.4% recorded between 2017 and 2027.

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Global Radiotherapy Devices Market: Competition Dashboard

The Future Market Insights report profiles some of the leading companies operating in the global radiotherapy devices market including Varian Medical Systems, Elekta AB, Accuray, Inc., C.R. Bard, Inc., IBA Ion Beam Applications SA, Koninklijke Philips N.V., Siemens AG, Eckert & Ziegler Bebig, IsoRay, Inc., GE Healthcare, Vision RT Ltd., RaySearch Laboratories AB, Theragenics Corp, Toshiba Medical Systems Corporation, AngioDynamics, Inc., Mitsubishi Electric Corporation, Shinva Medical Instrument Company Limited, and Neusoft Medical Systems Co., Ltd.

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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Future Market Insights Inc.
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Diabetic Macular Edema Market are set to witness a CAGR of 1.2% and be valued at around US$ 4.2 Billion by 2032

The global Diabetic Macular Edema Market Size is expected to reach a valuation of US$ 3.7 Billion by the end of 2022, and further expand at a CAGR of 1.2% from 2022 to 2032. The market is projected to reach a valuation of ~US$ 4.2 Billion by the end of 2032.

An Uptake of Intravitreal Implants by Patients to Drive Growth of the Market in North America

North America will remain dominant in the global diabetic macular edema market. An uptake of intravitreal implants by new as well as existing patients, who do not show any improvement post-treatment with intravitreal injections, is expected to sustain growth of the market in this region.

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Although control of diabetes is a health priority in developed North American countries, such as the U.S., less attention is given to DME management, with diabetes-related caregivers tending to focus on treatment of diabetic complications. A major reason behind this is lack of effective treatment for DME in North America. In addition, an error exists between industry sponsored and independently run clinical trials. Most of the independent clinical trials for DME treatment lack long-term results pertaining to safety and efficacy of new combination therapies for DME. These factors are likely to inhibit growth of the market in North America.

Diabetic Macular Edema Market in Western Europe to Register the Highest CAGR through 2027

The diabetic macular edema market in Western Europe is expected to register a comparatively higher CAGR than other region segments through 2027. Pharmaceutical companies in this region are making substantial investments in research and development, new technologies, and infrastructure in order to capture a market share in the surging burden of eye diseases. This is expected to retain growth of the market in Western Europe.

However, patients in Western Europe resist the intake of intravitreal injections of anti-VEGF drugs, which leads to an instant increase in intraocular pressure causing severe pain in the head or eyes. This a major factor impeding growth of the diabetic macular edema market in Western Europe.

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Anti-VEGF will Remain Preferred Product in the Global Diabetic Macular Edema Market

Anti-VEGF will remain preferred product in the market, with sales estimated to expand at 1% CAGR through 2027. Eylea will continue to be the most lucrative anti-VEGF drug in the market. However, demand for corticosteroids will remain comparatively lower than anti-VEGF during the forecast period.

By product form, intravitreal injections will continue to be sought-after in the market, with sales poised to surpass US$ 4,000 Mn by 2027-end. Sales of intravitreal implants will register a comparatively higher CAGR than intravitreal injections through 2027.

Hospital pharmacy is estimated to remain the largest distribution channel in the market, as majority of countries across the globe dispense intravitreal injections and implants to outpatients by hospital pharmacies. Retail pharmacy, which mainly provides aliquots of off-label indications such as Avastin prescription, will register a comparatively low CAGR than hospital pharmacy in the market through 2027.

Key market players identified in FMI’s report include Novartis AG, Bayer AG, Allergan Plc., F. Hoffman-La Roche Ltd., Alimera Sciences Inc., Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Inc.)

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Key Segments Covered In Diabetic Macular Edema Market Report

By Drug:

  • Anti-VEGF
    • Ranibizumab (Lucentis)
    • Aflibercept (Eylea)
  • Corticosteroid Therapies
    • Dexamethasone (Ozurdex)
    • Fluocinolone Acetonide (Iluvien)
  • Other Off-label Drugs

By Form:

  • Intravitreal Injections
  • Intravitreal Implants

By Distribution Channel:

  • Hospitals
  • Specialty Clinics
  • Mail Order Pharmacies

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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.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Plucker Machine market is projected to Reach a Valuation of US$ 2,474 Million during Forecast 2023 to 2033: Analysis of Growth Opportunities and Trends

The plucker machine market is expected to grow at a CAGR of 4.5% from 2023 to 2033, from a value of US$ 1,593 million in 2023 to US$ 2,474 million.

The plucker machine market is a small but growing niche. The majority of its work is in agriculture, which also includes small-scale chicken farming and the gathering of fruits and vegetables.

The plucker machine is becoming more and more well-liked as a replacement for traditional harvesting techniques because of its ability to reduce labour costs and increase efficiency. In addition to their use in agriculture, pluckers are employed in the production of animal leather and fur. When compared to the 4% CAGR recorded between 2016 and 2022, the sheep handling equipment business is predicted to expand at a 4.5% CAGR between 2023 and 2033. The average growth of the market is expected to be approx 62.2% between 2022 and 2033.

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Automated Plucking Machine Influencing the Market Share

  • The market for plucker machine is anticipated to rise as processed poultry products become more popular. The demand for plucking machines is anticipated to rise due to the rising demand for convenience foods and the rising consumption of processed poultry.
  • The development of automated plucker machines and the growing emphasis on food safety and cleanliness are the key growth factors of the plucker machine.
  • While automated plucker machines are more compassionate and effective than hand plucking machines, the growing concern for animal welfare is predicted to increase demand.
  • The sales of plucker machine are anticipated to be constrained by the high cost. The market growth is expected to be constrained by a lack of technological know-how and skilled workforce.

Fast Food Chains Extended Operations Raises the Demand for Plucker Machine

Plucker machines are being used by fast food restaurants quickly to meet client demand effectively and quickly. Popular fast food restaurants like KFC, Domino’s, McDonald’s Corporation, and Taco Bell are expanding into new countries. Over the projection period, this is likely to increase the adoption of plucker machine.

The top manufacturers of plucker machines concentrate on developing state-of-the-art processing equipment. Due to this newly created machinery, several products made of bird meat now have extended shelf lives.

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Recent Developments

  • New loan facilities of $63,200,000 were closed by Ardisam, Inc. and Huntington Business Credit in June 2022. The funds from the facility were used to refinance existing debt and continue financing working capital expansion.
  • The purchase of superior equipment group, Inc. by John Bean Technologies Corporation, was disclosed in June 2019. The acquisition of premier brings us one step closer to realizing our goal of dominating the chicken market and providing premium products and services.

Key Segments

By Capacity:

  • Less than 5 Birds
  • 5 to 15
  • 15 to 30
  • More than 30

By Material:

  • Stainless Steel
  • Mild Steel

By Motor Power:

  • 0.5 Hp
  • 1 Hp
  • 2 Hp
  • More than 2 Hp

By Region:

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

About Us

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 favour 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   
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Aseptic Processing Market is Projected to Register a CAGR of 6.7% during Forecast 2023 to 2033 | Report by FMI

Over the forecast period, the global aseptic processing market is expected to grow at a moderate rate of 6.13%. In 2023, the aseptic processing market is expected to be worth US$ 95.63 billion. Demand for aseptic processing is expected to reach US$ 173.37 billion by 2033.

One of the main factors driving the global aseptic processing market is the constantly expanding food and beverage sector, which is driven by rising demand for dairy and other ready-to-drink beverages globally.

Due to factors such as rising urbanization, increased discretionary spending, and the emergence of new economies, the global aseptic processing market is expected to grow significantly during the forecast period.

Furthermore, the growing demand for innovative biotechnology-based injectable pharmaceuticals is driving rapid expansion in the pharmaceutical industry, which in turn is expected to unleash a wave of unprecedented freedom for the global aseptic processing hardware market. Demand for aseptic processing equipment is also driven by technological advancements in sterile pharmaceutical production.

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However, the market is hindered by the ever-changing costs of packaging materials such as polymer, board, paper, glass, aluminum, and steel. In contrast, opportunities in developing countries emerging markets and the expected gradual increase in global e-commerce sales during the forecast period are seen as growth factors for the aseptic processing market.

Key Takeaways

  • The United States, Canada, Japan, China, and Europe are the primary contributors to the 4.2% CAGR forecast for the worldwide Bottles & Cans market.
  • At the end of the forecast period, the sum of these regional markets, which accounted for $5.9 Bn in 2022, is expected to rise to US$7.9 Bn.
  • The Chinese market is likely to continue to be one of the fastest expanding in this group of regional economies.
  • Market size in Asia-Pacific is expected to reach US$15.1 Bn by 2033, driven by nations like Australia, India, and South Korea, while growth in Latin America is anticipated to reach 5.6% CAGR during 2018-2033.

Competitive Landscape

The aseptic processing industry is a crowded one, with many formidable competitors. In 2023, a small group of corporations is expected to control most of the sales of aseptic processing. These industry frontrunners have already established a solid foundation and are now focusing on expanding their global clientele.

These companies are attempting to increase their customer base and profits by working together. Some major companies in the market are buying up aseptic processing startups to expand their research and development.

Recent Developments

  • Tetra Pak and Poka, a worker platform provider based in Canada, have begun working together strategically as of October 2021. According to Tetra Pak, this is expected to give factory workers the knowledge and experience to speed up the process of going waste-free in the food production industry. As part of a new training and support package, this is Tetra Pak’s first globally scaled connected workforce offering.
  • In September of 2021, Saputo, Inc. purchased Carolina Aseptic and Carolina Dairy. Based in Troy, North Carolina, Carolina Aseptic is committed to creating, producing, packing, and dispersing aseptic shelf-stable food items and beverages. Meanwhile in Biscoe, North Carolina, Carolina Dairy products, packages, and distributes spouted packets of chilled yogurt. Saputo would be better able to meet the rising demand for aseptic dairy-based nutritional snacks after acquiring both companies.
  • Packaging companies like Nestle are working with SIG to find more environmentally friendly alternatives by May 2020. This fits well with Nestle’s objective to reduce plastic waste. Sustainable packaging materials research received CHF 5 million from the corporations, Logitech, and other industry partners for 10 years, starting in May 2020.

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Key Segments in the Aseptic Processing Market

By Type:

  • Processing
  • Packaging

By Application:

  • Food & Beverages
  • Industrial

By Material:

  • Paper & Paperboard
  • Plastics
  • Metal
  • Glass

Region:

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

About Us

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 favour 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.   
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200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
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Hydrogen Combustion Engine Market is Projected to Grow at a Strong 9.78% CAGR by 2033, Get Customized Reports

The global hydrogen combustion engine market is projected to have a high-paced CAGR of 9.78% during the forecast period. The market for hydrogen combustion engines is currently valued at US$ 18.22 billion in 2023. The market for hydrogen combustion engines is expected to reach a high of US$ 46.31 billion by 2033.

The key factors driving hydrogen combustion engine adoption are government efforts to promote the use of fuel cell cars, an increase in demand for fuel cells in automotive and transportation, and an increase in demand for passenger transportation. Internal combustion engines have been around for a long time.

Despite this, OEMs are shifting their focus to natural gas and hydrogen-powered engines due to rising crude oil prices, strict emission regulations, fuel supply security, and noise pollution. This is clearly going to help the In addition, an increase in government and other organizational support for the development and commercialization of refueling infrastructure throughout the world is projected to result in the rapid advancement of the global market for hydrogen combustion engines over the next few years.

Furthermore, the impending decrease in fuel cell costs, caused by the increased use of creative strategies by fuel producers to lower fuel prices, is expected to improve the market’s development prospects in the coming years. As a result of various technological breakthroughs and inventions, hydrogen combustion engines are gradually evolving, allowing them to provide high power outputs while also improving fuel efficiency.

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Despite a rise in demand for electric engines and a corresponding decrease in demand for internal combustion engines powered by traditional sources, hydrogen combustion engines are estimated to continue to play an important role in the evolution of the automobile industry. Furthermore, they have the ability to improve in a variety of areas, including thermal efficiency, emissions, and electrification.

The need for research is always being filled by researchers. Because more hydrogen-powered vehicles could be produced and put on the market thanks to the development of low-cost hydrogen energy production technology, hydrogen vehicles became a reality.

Growing scientific study has pushed vehicle manufacturers to build eco-friendly automobiles on the market in order to minimize carbon emissions in the environment. These factors are anticipated to expand the global hydrogen combustion engine market size in the forecast period.

However, hydrogen (in gaseous form) is often produced from water using electrolysis, which involves sending a strong electric current through water to separate oxygen and hydrogen atoms. The electrolysis technique is highly expensive due to the high energy needs. Moreover, the stringent norms and regulations regarding greenhouse gas emissions are expected to impede market growth.

Key Takeaways:

  • During the forecast period, North America is expected to account for the largest share of the global hydrogen combustion engine market. The market in this region is expected to rise due to increasing R&D investment in order to provide cutting-edge solutions and meet end-user demands. Furthermore, the US government’s renewable energy programs are spurring market growth throughout the country.
  • The hydrogen combustion engine market in Europe is predicted to develop rapidly, particularly in Germany, during the projected period. This is owing to the key players in the nation are actively developing a hydrogen internal combustion engine, pushing the pan-European goal of becoming the world’s first climate-neutral continent by 2050, based on their significant knowledge and years of research experience in this field.
  • Owing to its ability to transfer protons over the membrane from the anode to the cathode and its importance to the electrochemical process’s effectiveness, the “proton membrane exchange” technology type is expected to hold the greatest revenue, through the forecast period.
  • As it fits the market niche by serving the country’s middle class with low prices, high-quality amenities, small sizes, and simple financing options, the “commercial vehicles” application type, accounts for a significant share, and is the most preferred type.

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Key Segments Profiled in the Hydrogen Combustion Engine Market Survey

By Technology:

  • Proton Membrane Exchange
  • Phosphoric Acid Fuel Cell
  • Others

By Application:

  • Passenger Vehicle
  • Commercial Vehicle
  • Ships
  • Others

By Region:

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

About Us

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 favour 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 latest Market Reports: https://www.futuremarketinsights.com/reports
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North America in Spinal Cord Stimulators Market is projected to reach US$ 4.1 Billion and register a CAGR of 7.8% from 2022 to 2032

Throughout the projection period, it is expected that the Spinal Cord Stimulators Market would increase in size and reach US$ 5.255 billion. The market for spinal cord stimulators is estimated to grow at a CAGR of more than 7.5% throughout the anticipated time frame. (2022-2032). Between 2022 and 2032, the spinal cord stimulator market is expected to grow at a CAGR of 8.5%, continuing its present dominance. The spinal cord stimulator market is expected to grow to a size of around US$2.5 billion by the end of 2022.

According to a report from Future Market Insights, the global market for spinal cord stimulators is expected to grow at a remarkable 6.4% CAGR in terms of value (FMI). Revenues from the market are projected to be close to US$ 2,000 Million in 2017 and US$ 3,568.2 Million in 2027, respectively. Under-penetration of the prospective market is primarily responsible for the market’s growth.

A wide range of developing economies would benefit greatly from the introduction of gadgets at reasonable prices. Leading market participants anticipate greater development potential due to the ability to customise spinal cord stimulators to a person’s needs. Because smaller devices are easier to implant and need less invasive surgery, specialists in healthcare settings are more inclined to recommend them.

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Spinal Cord Stimulators’ Ability of Reducing Opioid Analgesics Addiction to Drive the Market Growth

Majority of patients with chronic pain are increasingly depending upon opioid analgesics; however spinal cord stimulators is capable of reducing this addiction to a great extent. Entry of additional competitors in the market is expected to increase awareness about effectiveness of spinal cord stimulators. Spinal cord stimulators are comparatively more cost-effective than conventional medical management (CMM). Leading companies in the market are taking initiatives in improving technology for spinal cord stimulators. The aforementioned factors are estimated to drive growth of the global spinal cord stimulators market.

However, spinal cord stimulators have little access to evidence-based data in order to confirm effectiveness of these devices for management of chronic pain. Clinical validation of spinal cord stimulation is based on observational data, instead of verified data. This had led several private insurance companies to refuse reimbursement of costs, which in turn is impeding the market growth. In addition, complications associated with spinal cord stimulators, such as paresthesia- characterised by burning sensation, is further expected to restrain growth of the global spinal cord stimulators market.

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Rechargeable Spinal Cord Stimulators will Remain Sought-After Product in the Market

In terms of value, rechargeable spinal cord stimulators are expected to remain sought-after product in the market. Revenues amassed from sales of rechargeable spinal cord stimulators are expected to reach US$ 2,530.4 Mn by 2027-end. In addition, sales of non-rechargeable spinal cord stimulators are anticipated to expand at 4.6% CAGR through 2027. Factors such as low battery life, and requirement of surgery for replacement of battery are restricting adoption of non-rechargeable spinal cord stimulators across the globe.

Application of spinal cord stimulators will remain highest in failed back surgery syndrome (FBSS), with sales estimated to surpass US$ 1,000 Mn in 2017. In addition, complex regional pain syndrome (CRPS) is projected to be the second-fastest growing application of spinal cord stimulators in the market. In terms of value, sales of spinal cord stimulators in CRPS are estimated to register 5.8% CAGR through 2027.

Adoption of Spinal Cord Stimulators to Witness Fastest Growth in Ambulatory Surgical Centres

Although hospitals will continue to be largest end-users of spinal cord stimulators, adoption will witness fastest growth in ambulatory surgical centres. Sales of spinal cord stimulators in hospitals are estimated to account for revenues worth US$ 627.9 Mn in 2017. Demand for spinal cord stimulators in ambulatory surgical centres is projected to exhibit 6.8% CAGR through 2027. In contrast, demand for spinal cord stimulators in clinics will remain sluggish in the market.

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North America will continue to remain dominant in the global spinal cord stimulators market, with sales estimated to reach nearly US$ 3,000 Mn in revenues by 2027-end. Western Europe will remain the second-largest market for spinal cord stimulators, expanding at 6.1% CAGR through 2027. In addition, markets in Eastern Europe and Japan are estimated to exhibit parallel expansion at 6% CAGR through 2027.

Key market players identified in FMI’s report include

  • Boston Scientific Corp.
  • Medtronic Private Limited Company
  • St Jude Medical LLC
  • Nevro Corp
  • Nuvectra Corporation
  • Stimwave
  • Saluda Medical PTY Limited.

Spinal Cord Stimulators Market Taxonomy Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

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End User

  • Hospitals
  • Ambulatory Surgical Units
  • Clinics

Application

  • Failed Back Surgery Syndrome
  • Complex Regional Pain Syndrome
  • Ischemic Limb Pain
  • Others

Product Type

  • Rechargeable
  • Non-Rechargeable

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.

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
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Atopic Dermatitis Treatment Market | Sanofi SA, Galderma SA, Allergan Plc. and Novartis | By 2029

The global Atopic Dermatitis Treatment Market was valued US$ 5.2 Billion in 2021 and is expected to reach US$ 7.6 Billion by 2029 is expected to increase at a CAGR of 4.8% during the forecast period of 2022 and 2029.

A new market research report by Future Market Insights on the atopic dermatitis treatment market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the atopic dermatitis treatment market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global atopic dermatitis treatment market is projected to experience significant growth over the forecast period, due to increasing prevalence, promising pipeline molecules, higher treatment compliance, increasing access to treatment medication in developing countries, favorable reimbursement policies, increasing government support for research and development, and advancing technology.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.futuremarketinsights.com/reports/sample/rep-gb-3097

Corticosteroids Remain the Drug of Choice

Corticosteroids are referred as the first choice of treatment for the inflammation and pain relief. These medications are known to have effects, for example, decreasing tingling, allergic reaction, swelling and redness.

Around 30 corticosteroid compounds have been licensed for atopic dermatitis treatment, of which ‘hydrocortisone’ is considered as the first. In addition, increasing innovations have resulted in the advent of topical non-corticosteroids immunomodulators and target medications, for example, immunomodulators such as pimecrolimus and tacrolimus, which in turn, is likely to fuel the growth of the atopic dermatitis treatment market. Moreover, topical corticosteroids are expected to play an important roles in the atopic dermatitis treatment.

North America to Offer High Sales Opportunities

Growth prospects of the atopic dermatitis treatment market are likely to be high in North America over the forecast period of 2022-2029. Factors such as, greater treatment awareness among the patient population across the United States and Canada, early adoption of novel prescriptions, advanced healthcare infrastructure, better and favorable reimbursement policies, and increasing business associations of pharmaceutical organizations with contract research organizations in developing markets will continue to  propel the atopic dermatitis treatment market growth. Despite the fact that the U.S and Canada deal with heavy investment in healthcare infrastructure as well as per capita expenditure, there are increasing number of campaigns organized each year by specific establishments, for example, National Eczema Associations, the PAN Foundation, and pharmaceutical organizations, which are envisaged to work to the advantage of several market vendors.

𝐀𝐬𝐤 𝐔𝐬 𝐘𝐨𝐮𝐫 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.futuremarketinsights.com/ask-question/rep-gb-3097

Hospital Pharmacies – The Key Distribution Channel for Atopic Dermatitis Treatment

Sales of medication for atopic dermatitis treatment through hospital pharmacies will continue to account for relatively high share in the market, as they can stock large range of prescription medicines, including progressively specific and investigational medications. Hospital pharmacies may provide a tremendous amount of medications every day, which is distributed to wards and to intensive care units as per the patient’s prescription schedule.

Topical Drug Administration- A Preferred Mode

Topical mode of administration remains highly preferred among the patient pool of atopic dermatitis. Advent of topical non-corticosteroids immunomodulators is the major factor for the growth in the demand for atopic dermatitis treatment. As topical administration gains prominence, major corticosteroids medications are formulated as topical, in addition to their benefits over oral dosage form.

Atopic Dermatitis Treatment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global atopic dermatitis treatment market. Some of the examples of key players in the global atopic dermatitis treatment market are Sanofi S.A., Galderma S.A., Allergan Plc., Novartis, Bristol-Myers Squibb, Bayer AG, Meda Pharmaceuticals Inc., Astellas Pharma, Inc., Anacor Pharmaceuticals, Inc., Regeneron Pharmaceuticals, and Valeant Pharmaceuticals International, Inc.

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Atopic Dermatitis Treatment Market by Category

By Product

  • Corticosteroids
  • Calcineurin Inhibitors
  • Immunosuppressants
  • Biologic Therapy
  • PDE-4 Inhibitor
  • Antibiotics
  • Antihistamines
  • Emollients

By Indication

  • Topical
  • Oral
  • Injectable

 By End-User

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Drug Stores
  • Mail Order Pharmacies
  • Dermatology Clinics

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭@ https://www.futuremarketinsights.com/checkout/3097

By Region

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

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 08-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