Market Research Blog

The global market for accounts payable automation is calculated at US$ 2.6 Bn in 2022 and is projected to reach US$ 6.7 Bn by 2032. The market is expected to reach a CAGR of 10% during the forecast period from 2022 to 2032. Companies are experiencing the biggest boom in the adoption of software enhanced with machine learning and artificial intelligence (AI) across various industries. An advanced invoice software system reduces the amount of manual work required for complex matching tasks, allowing them to be conducted with greater reliability. Intelligent software also simplifies the process of detecting and correcting errors, making them more effective in the market.

A major driving force behind the market is the growing demand for automation in accounts payable due to the numerous advantages it offers, including remote payment options, real-time fast-tracking of the payments, 24/7 access to payment information, and improved efficiency. As a result of automation, cash patterns can be identified, helping to improve security and fraud management while enabling complete control over invoice approvals.

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Key Takeaways:

• Global account payable automation market to reach US$ 6.7 Bn by 2032.
• By Component, Solutions are projected to grow at a CAGR of 10% during the forecast period.
• S. market is estimated to reach US$ 2.4 Bn while growing at a CAGR of 9.7% during the forecast period.
• By Deployment Type, On-premises deployments will grow at a CAGR of 9.6% during the forecast period.
• China is expected to reach a CAGR of 9.3% with a market value of US$ 458.3 Bn in 2032 during the forecast period.
• The Japanese market is expected to reach a market value of US$ 384.4 Billion by 2032.

Competitive Landscape

Key Players that have been profiled in the report are SAP, Sage, Tipalti,  Freshbooks,  FIS, Zycus, Bottomline Technologies, Coupa Software, Comarch, and FinancialForce. In an effort to emerge as a recognized and profitable business, firms continue to adopt a strategy that includes new product launches, R&D, patents, approvals, events, product innovations, joint ventures, partnership agreements, digital marketing, collaborations, mergers,, and acquisitions.

• In May 2021, Repay Holdings Corporation integrated its account payable automation offering into Sage 100. With this new product offering, Sage now also offers connections to Sage 300 and Sage X3 products. With its integration of accounts payable solutions to Sage 100, Repay continues its commitment to helping businesses reduce costs and optimize processes. Companies can access the new payment option through APS Payments, which offers omnichannel solutions for corporate payments.
• In December 2021, Tipalti announced that it has raised $270 million in a Series F funding round that values the company at $8.3 billion. In addition, Tipalti plans on using the new capital to focus on customer operations and a global expansion. Furthermore, the company plans to fill positions spanning its product, engineering, sales, and marketing teams.

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Future Market Insights, in its new offering, presents an unbiased analysis of the global accounts payable automation market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered in the Accounts Payable Automation Market

By Component:

• Solution
• Services

By Deployment Type:

• On-premises
• Cloud

By Organization Size:

• SMEs
• Large Enterprises

By Vertical:

• Consumer Goods and Retail
• BFSI
• Information Technology (IT) and Telecom
• Manufacturing
• Healthcare
• Energy and Utilities
• Others

By Region:

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

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The global distributed antenna systems market is expected to secure US$ 29.7 Billion, while exhibiting a 9.5% CAGR during the forecast period ranging from 2022 to 2032, as per a recent study published by ESOMAR-certified Company Future Market Insights. As of 2022, the market is expected to close at a valuation of US$ 12 Billion.

In the past few years, distributed antenna market has gained enormous interest due to improvements in wireless communication technology. Transmission and reception are the main transmission and reception. The growth in the telecom industry is one of the major factors fueling the growth of distributed antenna systems. From 2015 to 2021, the industry grew at a CAGR of 10.4%, concluding at US$ 10.8 Billion.

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Moreover, with the rising initiatives taken towards digitalization and continuous rise in usage of distributed antennas for various applications such as   wireless microphone, wireless system is fueling the growth of the satellite antenna market.   Distributed Antenna Systems (DAS) have become a critical part of both carrier cellular networks and enterprise infrastructure. The global distributed antenna market is growing rapidly mainly due to the augmenting demand for the sustainable network connectivity. Distributed Antenna System (DAS) is a signal booster for indoor and outdoor system to strengthen the signal reception of mobile operators.

Key Takeaways 

• Global distributed antenna system market to experience 2.5x growth until 2032
• Based on component, distributed antenna hardware to register maximum sales, growing at a 9.7% CAGR
• Cellular/commercial DAS to remain the top technology, flourishing at a 9.2% CAGR
• U.S to be an opportunistic distributed antenna system market, yielding US$ 8.2 Billion by 2032
• U.K to experience significant market expansion, at a value CAGR worth 8.6%
• China to be a significant investment hub, expected to yield over a billion dollar growth opportunity
• Japan & South Korea to be key players in the global market, jointly growing at a 19% CAGR

Competitive Landscape

Key players in the global Distributed antenna market include American Tower Corporation, AT&T Inc., Bird Technologies, Boingo Wireless Inc., Cobham Wireless

among others. Key developments among players include:

• In June 2020: Boingo Wireless was selected by the Hawaii Tourism Authority to design, build, operate, and maintain a neutral host cellular and public safety DAS network for the Hawaii Convention Center (HCC). The long-term, 10-year agreement will bring improved cellular coverage and capacity to the 1.1 million square foot facility and help HCC accommodate connectivity demands of the 5G era.
• In May 2020, SOLiD has announced the launch of edgeROU, a fiber-to-edge remote unit for the ALLIANCE DAS product family. SOLiD designed edgeROU specifically to solve the challenges experienced by mobile users in buildings. As building owners strive to improve the user experience and profitability, edgeROU, based on proven ALLIANCE technology, delivers the seamless, anytime, anywhere service customers expect.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Distributed antenna market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Covered in the Global Distributed Antenna Systems Market Report

Distributed Antenna Systems by Component

• Distributed Antenna Hardware
• Distributed Antenna Services

Distributed Antenna Systems by Technology

• Cellular/Commercial Distributed Antenna Systems
• Public Safety Distributed Antenna Systems

Distributed Antenna Systems by End User

• Distributed Antenna Systems for Offices/Corporate Campuses
• Distributed Antenna Systems for Hospitality
• Distributed Antenna Systems for Healthcare
• Distributed Antenna Systems for Education
• Distributed Antenna Systems for Transportation
• Distributed Antenna Systems for Government
• Distributed Antenna Systems for Industrial Use
• Distributed Antenna Systems for Stadiums and Arenas
• Distributed Antenna Systems for Other End Users

Distributed Antenna Systems by Region

• North America Distributed Antenna Systems Market
• Europe Distributed Antenna Systems Market
• Asia Pacific Distributed Antenna Systems Market
• Middle East & Africa Distributed Antenna Systems Market
• South America Distributed Antenna Systems Market

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The global digital signature market is estimated to garner US$ 17.5 Billion while exhibiting a 20.6% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 2.7 Billion in 2022.

Due to its higher reliability and security compared to other types of electronic signatures global digital signature market is flourishing at high rate. Digital Signature are used in a wide range of applications including financial transactions, contract management software, software distribution, etc. is also propelling the growth of the overall market. However, the lack of stringent government regulations and data protection laws may act as a huge restraint on market growth in developing and underdeveloped countries.

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The increasing significance of digital signature has encouraged the government of various countries to make investments in the sector, which is likely to benefit the market. The deployment segment is likely to offer remunerative opportunities for the global commercial satellite imaging market. Several emerging economies are making significant developments in their digital signature budgets, thereby, providing lucrative opportunities to players in the market.

Key Takeaways:

• The global digital signature market to experience a CAGR of 20.6% from 2022 to 2030.
• By deployment, the on-premises segment is expected to record an 16.2% CAGR by 2032.
• By Industry vertical, BFSI segment to expand at a 21.1% growth rate during the forecast period.
• The U.S market to garner US$ 7.5 Billion and record a 21.6% CAGR from 2022-2032.
• Market in China to procure US$ 1.8 Billion, expanding at a 22.9% growth rate during the assessment period.

Competitive Landscape

Key players in the global commercial satellite imaging market Adobe Systems, Ascertia, Docusign Inc., Entrust Datacard Corporation, SIGNiX among others. Recent developments among key players are:

• In May 2021, Entrust Datacard Corporation launched its remote signing service (RSS) solution, with the goal of enabling trust for increasingly dispersed workforces, by integrating high-assurance, verifiable employee signature capabilities into document apps and workflows. The requirement to support new remote business scenarios has grown as enterprises move to the cloud and their workforces become more widespread.
• In February 2020, Secured Signing Limited released new improvements to the signing processes and account reporting, to save workflow settings for individual forms, thereby enabling users to send out templates faster. The new enhancements include template workflow setting, integration with JobAdder software platform, and enhancements to the platform integrated with Salesforce.com

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Digital Signature Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Covered in the Digital Signature Market Report

By Deployment

• Cloud based Digital Signature
• On Premises Digital Signature

By Industry Vertical

• Digital Signature for BFSI
• Digital Signature for Real Estate
• Digital Signature for Education
• Digital Signature for Government
• Digital Signature for Healthcare
• Digital Signature for Retail
• Digital Signature for Transportation
• Digital Signature for Legal Processes
• Digital Signature for Other Verticals

By Region

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

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

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Before 19th-century freight cars are completely made by woods but now day entire wood made fright cars have been replaced by steel made freight cars due to high strength and long-lasting. Fright cars are also known as goods wagon designed to transport commodities such as cargo, colas, grains, oil & gas, among others.

Mainly four types of freight cars are using across the world; open-top car, boxcar, flatcar, tank car. Commonly, open-top freight cars used to transport materials such as coal, gravel, and grain. Boxcars are a type of enclosed car and use for two applications for refrigerated products and transport of livestock like cattle, sheep, and others.

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While flat cars are majorly used to transport heavy machinery and military equipment. Although, the variety of fright cars are not limited up to the aforementioned types of the manufacturer are changing the design as per demand.

Due to seeing demand and changing in technology, North America developed an efficient model of freight cars such as a piggyback car, multistory cars to supply of automotive vehicles in two of three partitions in one box.

Tank cars can be foreseen as special category fright cars to carry a variety of liquids and industrial chemicals.

Freight cars provide efficient way over transportation of goods or cargo by trucks because this larger scale result decreased transportation costs and required less manpower and energy to haul the same amount of cargo.

Therefore, the growth of the global freight car market is expected to lucrative over the coming span of years.

Freight Cars Market: Dynamics

Supportive government schemes and upcoming projects specifically for railway networks are expected to boom the global value of the freight cars market by the end of 2029. Furthermore, a trade agreement among countries like India and Turkmenistan to supply commodities from one country to another is projected to fillip the demand for freight cars market over the stipulated period.

Moreover, some end-users such as oil & gas are also using rental services for oil tank which is also stimulating the demand for new freight cars over the assessment period.

Moreover, growth in end-user industries, for instance, steel, agriculture, automotive, construction, oil & gas, among others are likely to drive the demand 0f freight cars over the coming decades.

Growing other modes of cargo transportation by sea, road, and the air is expected to hamper the global demand of the fright car market over the coming years.

Furthermore, lack of proper railway networks in some countries or cities is likely to create headwinds for the growth of the global freight cars market over the slated period.

Leading manufacturer are focused to make lightweight and high efficient freight cars with intends to make aisle brand image across the world. Furthermore, digitalization in the existing fright car network is also foreseen as eye-catching trend in the global market.

Freight Cars Market: Regional Outlook

Asia Pacific region is projected to grow with a healthy growth rate in the global freight car market owing to growing end-use industries in the future. In China, nearly 840 thousand units have been sold and these sales also expected to continue over the coming years.

Europe is expected to hold a paramount share in the global market due to rising demand form the agriculture and automotive industry over the coming decades. Rapidly digitalization in automatic railway network lines in the Middle East & Africa which in turn is projected to stimulate the sales of freight cars demand over the coming decades.

Latin America pegged to grow at the uptick growth rate in the global freight cars market owing to inadequacy in the heavy cargo load cars. Albeit, upcoming projects, and growth in the agriculture industry are promising to shape up the regional demand for freight cars market over the stipulated period.

Freight Cars Market: Key Participants

Some of the market participants in the Freight Cars market identified across the value chain:

• Caterpillar Inc.
• Wabtec Corporation
• Tatravagonka
• Diesel Plant LLC
• Kawasaki Group
• TrinityRail
• Amsted Rail Group
• Echelon Solutions Group
• Sumitomo Corporation
• Union Pacific Railroad

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The research report on the Freight Cars market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Freight Cars market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to mentioned market segments.

The report covers exhaustive analysis on:

• Freight Cars Market Segments
• Freight Cars Market Dynamics
• Freight Cars Market Size
• New Sales of Freight Cars
• Current Trends/Issues/Challenges in the Freight Cars Market
• Competition & Companies Involved in Freight Cars
• New Technology for Freight Cars
• Value Chain of the Freight Cars Market

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 global Freight Cars market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

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

Freight Cars Market: Segmentation

Product  :

• Open top car
• Boxcar
• Flatcar

Sales Channel :

• Factory fit
• Aftermarket
  • Wheel sets
  • Side frame
  • Bolsters
  • Couplers
  • Suspensions units
  • Bearing & gears
  • Others

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end use industries :

• Automotive & Transpiration
  • Automotive
  • Railway
  • Aerospace
• Agriculture
• Construction
• Oil & Gas
• Chemical
• Medical & pharmaceuticals
• Food & beverages
• Government & defense
• Marine
• Others

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

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The intellectual property software market with an estimated CAGR of 12.7% during the projected period, the share is expected to reach US$ 14.9 billion by 2032, finds a recent report published by FMI. The intellectual property software market is projected to be valued at US$ 4.5 Bn in 2022. The study finds that unauthorized public usage may hurt a company’s financial line, as well as its entire business plan, which leads to this rising demand, reflecting the adoption of intellectual property software.

Sales of intellectual property software are expected to rise significantly. In addition to this, sales of intellectual property software are rising on account for US$ 7.7 Bn by 2026. Increasing sales of intellectual property software are also projected to contribute to the growth of the intellectual property software market share.

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To gain a competitive advantage, effective intellectual property software tools are required in the market. Companies are being influenced by the extremely competitive business climate to invest in technology that ensures businesses and sales of intellectual property software policies are strictly matched to ensure the smooth operation of the organisation.

Enterprise management of intellectual property software is gaining popularity throughout the world as businesses realise that unauthorised public use can harm not just the company’s overall bottom line but also its whole business strategy.

The intellectual property software industry is growing due to an increase in application and understanding of intellectual property rights among end-users. The expansion in the intellectual property software industry is fueled by an increase in demand for a secure and well-documented system inside a company.

However, problems such as the difficulty of maintaining software and the high cost of investment, as well as a low rate of awareness and data security, are impeding the intellectual property software market growth.

Furthermore, advancements in information and communication technology, as well as increased awareness and acceptance of intellectual property software in emerging nations like India, are expected to provide significant market potential.

Component, deployment, end-user, application, and geography are all used to segment the intellectual property software industry. The market is divided into two components: software and service. The market is divided into cloud and on-premise deployment modes. The market is divided into two types of end-users: individual and commercial. BFSI, IT and telecom, automotive, education, retail and agriculture, healthcare, and others are sub-segments of the commercial segment. The intellectual property software industry is divided into patent management, trade management, licensing, and other applications. It is divided into four regions: North America, Europe, Asia Pacific, Latin America, and the Caribbean.

Manufacturers in the intellectual property software market get a big platform from which to serve the whole demand for intellectual property software. The worldwide sales of intellectual property software are seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for intellectual property software more accessible to customers.

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Key Takeaways: 

• The worldwide corporate intellectual property software market is growing as companies place a greater emphasis on safeguarding and managing their intellectual property portfolios.
• As more companies focus on tactically organising their intellectual property software assets and safeguarding them from unlicensed use, corporate intellectual property software is gaining appeal.
• Furthermore, frequent product customization by end-users benefits the enterprise intellectual property management software market, as it protects and safeguards the most important aspects of intellectual property software and treatment, such as inventions, patents, trademarks, and other intellectual property software contracts, in a systematic manner.
• However, despite all of the benefits, these service providers face a number of hurdles and impediments in the early phases, the majority of which are related to the high cost of establishing services in an organisation.
• During the forecast period, 2016–2026, the worldwide enterprise intellectual property management software market is expected to develop at a healthy rate.

Competitive Landscape 

Anaqua, Inc., Patrix AB, IPfolio, SimpleLegal, Pattsy, FlexTrac, Lecorpio, WebTMS, and CPA Worldwide are some of the prominent players in the global intellectual property management software industry (Patrafee).

• To cope with infringement, China’s central government has created a specialist intellectual property software section in courts, and it is devoted to simplifying trademark enforcement operations. In addition, India is developing a digital infrastructure in accordance with its national IP strategy. This strategy will preserve intellectual property software while also safeguarding and promoting patents.
• CPA Global unveiled its customer-centric approach in November 2019 to improve intellectual property software outcomes through better data-enabled intellectual property software decision-making and increased intellectual property software productivity throughout the sector. CPA Global now operates in two major business divisions: Software and Tech-Enabled Services, after the purchase of ipan/Delegate Group.

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Key Segments

By Component:

• Software
  • Cloud-based
  • On Premise
• Services
  • Development & Implementation Services
  • Consulting Services
  • Maintenance & Support Services

By Application:

• Patent Management
• Trademark Management
• Intellectual Property (IP) Portfolio Management
• Intellectual Property (IP) Licensing
• Intellectual Property (IP) Reporting & Analytics
• Others

By End-use:

• Individuals (independent Inventors)
• Enterprises

By Region:

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

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Passenger traffic in the aircraft industry continues to register growth rates above historical averages, supported by the reduced price of travel and increasing middle-class population in developing markets. This rise is playing a crucial role in driving the growth of the global aircraft tube and duct assemblies market.

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Key Takeaways of Aircraft Tube and Duct Assemblies Market Study

• Aerospace industry is increasing the usage of aluminum in aircraft tube and duct assemblies, as aluminum is a lightweight and high-strength material. In the global aircraft tube and duct assemblies market, aluminum holds approximately one-third market share.
• Tier-I manufacturers operating in the global aircraft tube and duct assemblies market are Eaton, Exotic Metals Forming, Leggett & Platt, Incorporated, and PFW Aerospace GmbH. On the other hand, AMETEK. Inc., Smiths Group PLC, Sigma Precision Components Ltd., and some other players are estimated to stand in the tier-II bracket in the global aircraft tube and duct assemblies market.
• Key players are focusing on the expansion of their footprints by establishing manufacturing units and distribution channels in various regions.
• Global defense spending is at a high record. The biggest spenders on defense are the U.S., China, France, Saudi Arabia, and India. Implementation of advanced, combat, and stealth-based aircraft procurement programs has augmented military spending, worldwide. This growing trend is expected to upsurge the demand for aircraft tube and duct assemblies.
• Development of lightweight materials and increasing sales of aircraft are anticipated to drive the growth of the market over the forecast period.

“Original equipment manufacturers (OEMs) are projected to hold more than 90% share in the global market, as the replacement of tube and duct assemblies is found to be very limited.”

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AIRCRAFT TUBE AND DUCT ASSEMBLIES MARKET TAXONOMY

Application

• Engine Bleeds
• Thermal Anti-ice
• Pylon Ducting (HVAC) Enamel
• Fuselages
• Inlets/Exhausts
• Environment Control Systems (ECS)
• Lavatories
• Waste Systems

Aircraft Type

• Commercial Aircraft
  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Regional Jets
  • Freighters
• Military Aircraft

Material

• Steel
• Nickel
• Titanium
• Aluminum
• Composite
• Inconel

Sales Channel

• OEMs
• Aftermarket

Region

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA

Market Landscape Moving towards Consolidation

The aircraft tube and duct assemblies market is expected to be dominated by tier-I manufacturers, who hold more than 50% share of the global market. Prominent players involved in the global aircraft tube and duct assemblies market are shifting their focus on repair solutions rather than replacement products with full-service. This has resulted in providing approximately 50 percent or more cost reduction.

Aircraft Tube and Duct Assemblies Market by Category

Applications:

• Engine Bleeds
• Thermal Anti-Ice
• Pylon Ducting (HVAC) Enamel
• Fuselages
• Inlets/Exhausts
• Environment Control Systems (ECS)
• Lavatories
• Waste Systems

Aircraft Type:

• Commercial Aircraft
  • Narrow Body Aircraft
  • Wide Body Aircraft
  • Regional Jets
  • Fighter Jets
• Military Aircraft

Material:

• Steel
• Nickel
• Titanium
• Aluminum
• Composite
• Inconel

Sales Channel:

• OEMs
• Aftermarket

Region:

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

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About Future Market Insights (FMI) 

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

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The US NFC lemon juice market value is expected to total US$ 297.4 Mn in 2021, according to Future Market Insights (FMI). The overall market value is expected to reach US$ 574.7 Mn, registering healthy growth at 6.8% CAGR during the forecast period (2021-2031).

Growth in the market is attributed to the surging demand for on-the-go juice sachets that complement fast-paced lifestyle. With the trend of clean label solutions and veganism making deeper inroad in the U.S., NFC lemon juice manufacturers are encouraged to introduce sustainable and 100% natural products to expand their customer base.

Juices derived from natural sources with no chemical or artificial additives are becoming increasingly popular among consumers. Hence, adoption of food & beverages products with natural food additives and sugar replacements has surged. As per the latest study by Future Market Insights (FMI), increasing health consciousness among consumers have resulted in higher consumption of nutrient-dense meals and juices, all of which are backed by a genuine brand dedication to quality, taste, and flavour.

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Consumers are demanding products free-form allergens and other unnatural forms of preservatives. Free-form ties in with clean labeling – where labels such as “free from”, “minimally processed”, “gluten free”, “organic”, and non-GMO” are the first checkpoints in a consumer purchase decision.

As consumers are increasingly driving towards vegan and organic food trend, demand for NFC lemon juice has surged.

Key Takeaways from the US NFC Lemon Juice Market Study:

• U.S NFC lemon juice market is estimated to reach US$ 297.4 Mn in the year 2021 , expanding at 6.8% CAGR over forecast period.
• Conventional segment accounted for significant share of 85.3% in U.S. NFC lemon juice market.
• Organic segment is expected to grow with a CAGR of 8.9% over the forecast period. Growth is attributed to rising preference of organic fruits and vegetables juices are over conventional ones.
• On the basis of distribution channel, B2C segment accounted for significant share of 57.9% in U.S NFC lemon juice market in 2021.

Who is winning?

Players in the US NFC lemon juice business are banking on rising demand for beauty products in the U.K. Ever-increasing demand for natural personal care products and cosmetics is likely to result in large increases in sales of lemon juice utilized in these products.

Some of the leading companies offering NFC lemon juice  are LemonConcentrate S.L., Dream Foods International, LLC, Baor Products S.L., Bevolution Group, Argenti Lemon S.A, Citrus World Inc., Prodalim Group, Citrusvil S.A., Louis Dreyfus Company, Dohler GmbH, and Others.

NFC Lemon Juice Market by Category

By Nature:

• Organic
• Conventional

By Distribution Channel:

• B2B
• B2C
  • Modern Grocery Retailer
    • Hypermarkets/Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Groceries
    • Whole Sales
    • Others
  • Online Retail

By Application:

• Food
  • Dairy and Frozen Products
  • Bakery and Confectionery
  • Jam, Jellies and Preserves
  • Others (Fast Food, Sizzler, etc)
• Beverages
  • Juice
  • Soft Drinks
  • Squash
  • Cider
  • Others (Mocktails, Syrups, etc)
  • Cosmetics
  • Pharmaceuticals
  • Flavours
  • Others (Decorative, For Artificial Ripening, etc)

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Key Questions Answered in the Report

What is the NFC lemon juice market size?

The NFC lemon juice market is forecast to reach a valuation of US$ 589.1 Mn by 2021

What is the NFC lemon juice market growth outlook?

The NFC lemon juice market is expected to register growth at a CAGR of 7.9% between 2021 and 2031.

What are the key factors driving NFC lemon juice market?

Demand for NFC lemon juice will surge in response to the increasing focus on health and wellness among consumers and rising demand for mixed flavour plant-based beverages. Growing trend of veganism also will have positive impact on growth.

What are the key trends shaping the NFC lemon juice market?

Focus on product launches, including a variety of different fruit mix flavours in NFC lemon juice, will remain a key trend enabling growth in the market.

What is the demand outlook for NFC lemon juice market in China?

According to FMI, the NFC lemon juice market will rise at 7.8% CAGR in China.

At what rate will the demand for NFC lemon juice rise in 2021?

The demand for NFC lemon juice will increase at 7.5% year on year growth rate in 2021.

What is the global market share of Argentina in NFC lemon juice market?

Argentina is expected to contribute over 7.7% of NFC lemon juice sales in 2031.

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

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

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Latest report by Future Market Insights (FMI) forecasts the global phytochemical market to surpass US$ 6.5 Bn in 2021. The overall market is expected to witness healthy growth at 7% CAGR to surpass US$ 12.9 Bn by 2031.

Increasing application of phytochemicals in cosmetics, food & beverages, and pharmaceutical industries is expected to augment sales in the global phytochemicals market over the forecast period.

Driven by rising demand in diverse applications, sales of phytochemicals is expected to surge as 7% CAGR between 2021 and 2031, as per latest insights by Future Market Insights (FMI).

Increasing concern about wellness and skincare is improving the adoption of phytochemicals in the cosmetics sector, which will drive the  market growth over the forecast period. Cosmetic industry giants have launched new skincare products that include phytochemicals as an active ingredient.

Additionally, research on the development of innovative food products and dietary supplements derived from phytochemicals is expected to aid the growth. Key manufacturers are investing more in the development of products derived from plant extracts. Hence, plant compounds such as phytochemicals are in high demand as the need for plant-based foods and products grows.

Furthermore, phytochemicals are increasingly being used to treat cancers of several organs by inhibiting angiogenesis. Hence, adoption of phytochemicals across pharmaceutical, personal care, and other diverse end-use applications will boost sales.

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Key Takeaways from the Phytochemical Market Study:

• Global phytochemical market is estimated to register a value of US$ 12.9 Bn in 2031.
• Based on molecule type, flavonoids are expected to register high demand over the forecast period
• Powder phytochemicals are acquiring immense popularity among manufacturers, expanding at 6.7% CAGR
• In terms of form type, while powder form holds the largest share, liquid phytochemical type will register fastest growth at 8.8% CAGR between 2021 and 2031
• In terms of application, animal and nutrition segment will expand with highest CAGR at 13.6% CAGR during the forecast period.

“Consumers are increasingly seeking multi-component items that are readily available in the market and provide nutritional value. With rising consumption of dietary supplements and nutraceutical food products, key manufacturers are increasing their production capacity and are aiming for strategic alliance with local and regional food & beverage industry giants,” said a lead analyst at FMI.

Who is Winning?

Phytochemical-infused products are widely available thanks to increased market penetration and the availability of a variety of retail formats. Key players are relying on e-commerce platforms and are focusing on improving their digital marketing skills to boost their sales.

Phytochemical Market by Category

By Molecule Type:

• Alkaloids
• Anthocyanins
• Carotenoids
• Coumestans
• Flavon-3-ols
• Flavonoids
• Hydroxycinnamic Acids
• Isoflavones
• Lignans
• Others

By Form:

• Powder
• Liquid

By Application:

• Food and Beverages
• Nutraceutical
• Pharmaceutical
• Personal Care and Cosmetics
• Animal Nutrition
• Other

Some of the leading companies offering phytochemical are Döhler GmbH, Naturex SA, Kemin Industries Inc, Linnea SA, Sabinsa Corporation, Kothari Phytochemicals & Industries Ltd, Indena SpA, Alkaloids Corporation, Arboris LLC, Allied Biotech Corp., Organic Herb Inc.(OHI), LIPO Foods, Nektium, FYTEXIA, Chr. Hansen Holding A/S, BASF SE, and Others.

Get Valuable Insights into Phytochemical market 

Future Market Insights, in its new offering, provides an unbiased analysis of the phytochemical market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the phytochemical market based on molecule type (alkaloids, anthocyanins, carotenoids, coumestans, flavon-3-ols, flavonoids, hydroxycinnamic acids, isoflavones, lignans, and others), and by form (powder and liquid), by application (food and beverages, nutraceutical, pharmaceutical, personal care and cosmetics, animal nutrition, and others) across seven major regions.

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Key Questions Answered in the Phytochemical Market Survey

• What is the current phytochemicals market value?

The phytochemicals market is expected to total US$ 6.5 Bn in 2021.

• What is the phytochemicals market demand outlook?

Demand for phytochemicals is expected to surge at a CAGR of 7% between 2021 and 2031.

• What are the key trends shaping the phytochemicals market?

Increasing focus on product innovations by leading market players and growing consumption of plant-based food products will create opportunities for growth of the market and shape its future.

• At what rate did the demand for phytochemicals rise in the last five years?

The demand for phytochemicals increased at 5.6% CAGR between 2016 and 2020.

• Who are the top players in the phytochemicals market and what is their market share?

Döhler GmbH, Naturex SA, Linnea SA, Sabinsa Corporation, Indena, BASF, and CHS are the leading companies in the market.

• What is the North America phytochemicals market outlook?

Demand for phytochemicals will rise at 5.4% CAGR in North America over the assessment period.

• At what rate will the demand for phytochemicals increase in Europe?

The Europe’s phytochemicals market will expand at 4.1% CAGR between 2021 and 2031.

• What is the South Korea and Japan market outlook for sales of phytochemicals?

The sales of phytochemicals will increase at 12.3% CAGR and 15.7% CAGR, respectively in Japan and South Korea.

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About FMI

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

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The animal feed probiotics market value is expected to total US$ 3,113.3 Mn in 2021, according to Future Market Insights (FMI). The overall animal feed probiotics market value is expected to reach US$ 6,997.2 Mn by 2031, growing at a CAGR of 8.4%.

Over the last decade, the rise in the number of homes with pets has played a crucial part in maintaining the pet population size. During this time, the number of homes with more than one dog increased by five million, compared to a 4.8 million increase in the number of families with only one dog. Along with this, there is growing evidence supporting the use ofanimal feed probiotics for companion animals such as cats and dogs. 

Giving good bacteria to a companion animal may also have a positive impact on chronic gastro-intestinal illnesses, mental attitude, obesity, liver disease, dental disease, and behavior difficulties.

A daily feed probiotic supplement may also provide some additional benefits for dogs, including enhanced skin and coat appearance, reduced intestinal gas, and improved breath, among other things.

Thus, the rising pet population along with growing awareness about the animal health is driving the market growth.

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Key Takeaways from the Animal Feed Probiotics Market Study:

• On the basis of animal type, demand in livestock segment is expected to grow at a CAGR 6.7% over the forecast period and to be valued at US$ 3,483.9 Mn by 2031 end.
• Companion animals, equine and aquaculture combined are responsible for approximately 25.7% of the market in 2021. Demand from companion animals is expected to expand at 13.7% CAGR over the forecast period and to be valued at US$ 1,533.8 Mn by 2031 end.
• Equine is estimated to account for 5.0%, revenue share of the global animal feed probiotics market by 2021 end and is expected to gain 65 bps in its market share by 2031 over 2021. Aquaculture is expected to create absolute $ opportunity of US$ 377.6 Mn between 2021 and 2031.

Clear and Exclusive Information about Ingredients Used on Package Attracts More Customers

Consumers have become increasingly conscious about what they feed their pets and domestic animals in recent years. Customers appreciate a box that includes information on the product’s features and benefits. The information on a box should be correct, exclusive, and displayed clearly because buyers spend relatively little time looking at it. This can also help the buyer make more informed decision.

Furthermore, one method of giving nutritional information on animal feed probiotics is to use images to indicate the ingredients as well as the elements that are not contained in them. As a result, packaging design has begun to incorporate narrative illustration in the form of a storey using graphics.

Who is winning?

Technological advances in the field of molecular biology and gene sequencing have enabled researchers and scientists to create new probiotic compositions that are more animal-friendly.

Although probiotic supplements are unquestionably good for animal growth and intestinal health, consumers nonetheless face a number of adverse consequences on animal growth. Over the projection period, the growth of new generation technology is reforming the animal feed probiotics market, creating improved prospects.

Some of the leading companies offering animal feed probiotics are Alltech, Danisco Animal Nutrition (Dupont), Chr. Hansen Holding A/S, Evonik Industries AG, Novus International, Inc., Royal DSM, Lallemand, Pure Cultures LLC, Calpis Co., Ltd., Adisseo, and Others.

Key Points Covered in Animal Feed Probiotics Market Study

• Animal Feed Probiotics Market estimates and forecast 2015-2031
• Key drivers and restraints impacting Animal Feed Probiotics Market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Animal Feed Probiotics Market and How to Navigate
• Recommendation on Key Winning Strategies

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Key Questions Answered in Animal Feed Probiotics Market Report

• Which regions will continue to remain the most profitable regional markets for animal feed probiotics market players?
• Which factors will induce a change in the demand for animal feed probiotics during the assessment period?
• How will the changing trends impact the animal feed probiotics market?
• How can market players capture the low-hanging opportunities in the animal feed probiotics market in developed regions?
• Which companies are leading the animal feed probiotics market?
• What are the winning strategies of stakeholders in the animal feed probiotics market to upscale their position in this landscape?

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

About FMI

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers, Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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