Market Research Blog – Page 9161 – New Product Development

Blockchain Technology Market is Predicted to Surge at 43.5% CAGR through 2030 | Report by FMI

The Blockchain Technology Market is predicted to surge at 43.5% CAGR through 2030, reaching US$ 59.5 Bn in valuation, up from just US$ 3.31 Bn in 2022. Assets can be intangible, such as copyrights and patents, or they can be tangible, such as cash or homes. Blockchain technology is constituted of ordered records distributed in a block structure. Every data block contains a hash of unique identifiers like digital fingerprint, time stamped batches of transactions and a hash of the previous block.

In this design, each block is connected in chronological order. The interconnected blocks constitute a blockchain. Practically, it is not possible to change or modify any block in the middle of the chain. This is because all the blocks located after the modified block are required to be modified at the same instant.

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Blockchain mechanism makes information immutable on the network. The capability of blockchain technology, to accommodate immutability of data, will motivate end users to accelerate adoption over the forecast period.

Key Takeaways of Blockchain Technology Market Study

Blockchain platforms will offer the most lucrative opportunities for revenue generation, among all the blockchain technology-based solutions
Blockchain-based supply chain management is the primary use case in the global market, followed by decentralized finance
Large enterprises will continue being the primary contributors to the growth of the blockchain technology market on a global scale
BFSI industry is the primary contributor to market growth with transportation and logistics industries following suit

Competition Landscape of Blockchain Technology Market

As the technology is lagging behind in global diffusion, blockchain technology start-ups are striving to develop long-term partnerships with blockchain technology integrators. The move comes in order to ensure steady revenue generation during the forecast period.

Start-ups are partnering up with artificial intelligence (AI) based technology developers in order to market comprehensive solutions for decentralized financial applications. Market leaders such as Bitfury Group Limited are focusing on expanding their blockchain portfolio to include hardware solutions that enable end users to transfer or share assets swiftly and securely over a blockchain-based network.

Other blockchain technology market participants, such as Cegeka, are innovating their existing blockchain solutions to maximize business impact. These players are developing scalable blockchain solutions that include highly desirable capabilities marketed at competitive rates.

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More Valuable Insights on Blockchain Technology Market

FMI’s research on the blockchain technology market is segmented into four major segments. By solution, the global blockchain technology market is segmented into applications, middleware and blockchain platforms.

With respect to use case, the global blockchain technology market is segregated into supply chain management, digital identity, payments and money, trading, commerce and exchange, smart contracts, and decentralized finance. With regards to enterprise size, the global blockchain technology market has been segmented into large enterprises, and small and medium-sized enterprises (SMEs).

On the basis of industry, the global blockchain technology market is segmented into BFSI, healthcare, retail and e-commerce, hospitality and travel, government, media and entertainment, and transportation and logistics, among others. The extensive segregation of the market helps readers evaluate lucrative opportunities in the global blockchain technology market.

Key Segments Of Blockchain Technology Industry Survey

By Solution :

Applications
Middleware
Blockchain Platforms

By Use Case :

Supply Chain Management
Digital Identity
Payments and Money
Trading, Commerce and Exchange
Smart Contracts
Decentralized Finance
Others (Voting, Property Records, etc.)

By Enterprise Size :

Large Enterprises
SMEs

By Industry :

BFSI
Healthcare
Retail and e-commerce
Hospitality and Travel
Government
Media and Entertainment
Transportation and Logistics
Others (Food and Beverages, Real Estate, etc.)

By Region :

North America Blockchain Technology Market
Latin America Blockchain Technology Market
Europe Blockchain Technology Market
East Asia Blockchain Technology Market
South Asia & Pacific Blockchain Technology Market
Middle East & Africa (MEA) Blockchain Technology Market

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Hyper-Converged Systems Market is Expected to Surge at a CAGR of 27.1% for 2022 – 2030

The Hyper-Converged Systems Market is anticipated to surge at a CAGR of 27.1% to reach US$ 9.83 Bn in 2022 and US$ 66.8 Bn by 2030. Technological advancements in hyper-converged systems have opened up a wide range of opportunities for businesses and corporate entities that require huge storage capacity, networking, and computing infrastructures for their business needs.

Making use of hyper-converged systems help enterprises achieve consolidate their data centers, set up virtual desktop infrastructure (VDI), and test the development of applications, among others. The preference for hyper-converged systems among various organizations has substantially increased, attributed to their integrated feature of backup and disaster recovery in the software, which, in turn, will drive the growth of the hyper-converged systems market over the next decade.

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Key Takeaways of Hyper-Converged Systems Market Study

The hyper-converged systems market in North America is expected to hold the largest share of the global market by the end of the forecast period.
Eliminating the need for separate servers and network storage and continued rise in the adoption of software-defined HCI platforms are significant factors that are driving the growth of the hyper-converged systems market
Installation of hyper-converged systems for the purpose of backup and disaster recovery is expected to gain significant traction.
South Asia & Pacific is expected to remain the key region in the global hyper-converged systems market, owing to increase in the adoption of hyper-converged systems within small and mid-sized enterprises.

COVID-19 Pandemic Impact Analysis

The rapid spread of COVID-19 has disrupted the world’s economy. IT service companies have also witnessed a significant slowdown in growth during this financial year. However, the demand for hyper-converged systems is on the rise, as organizations are adopting remote working and work from home during the COVID-19 pandemic. Organizations have started investing more in converged and hyper-converged systems, as these systems allow employees to work remotely with the inbuilt virtual desktop infrastructure (VDI) feature.

In terms of value, the hyper-converged systems market in South Asia & Pacific is estimated to record the highest growth during the forecast period. Increasing lockdown periods due to the pandemic in APAC countries are estimated to motivate IT companies to procure hyper-converged systems during the forecast period.

Competitive Landscape

The hyper converged systems market is characterized by the presence of a multitude of players, which include but are not limited to Dell EMC, Hewlett Packard, VMware Inc., Pfizer Inc., Acronis, Arcserve Eden Prairie and Fujitsu Ltd. to name a few. Heavy investments in R&D to explore potential growth avenues and investments in product marketing strategies have provided a wide platform for these players to grab a foothold. Important partnerships such as Pfizer with Oracle for creating a cloud based repository titled Clinical Cloud to store clinical data are also characteristics of a successful hyper converged systems market.

More Valuable Insights on Hyper-Converged Systems Market

Future Market Insights offers an unbiased analysis of the global hyper-converged systems market, providing historical data of 2015-2021 and forecast statistics for the years 2022-2030.

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Key Segments of Hyper-Converged Systems Industry Survey

Hyper-Converged Systems Market by Component:

Hyper-Converged Infrastructure Appliances
Server Virtualization Software
Services

Hyper-Converged Systems Market by Enterprise Size:

Hyper-Converged Systems for Large Enterprises
Hyper-Converged Systems for SMEs

Hyper-Converged Systems Market by Application:

Virtualization and VDI
Data Center Consolidation
Remote Offices / Branch Offices (ROBO)
Backup and DR
Others

Hyper-Converged Systems Market by Industry:

BFSI
Government
IT and Telecom
Healthcare
Energy and Utilities
Manufacturing
Others

Hyper-Converged Systems Market by Region:

North America Hyper-Converged Systems Market
Latin America Hyper-Converged Systems Market
Europe Hyper-Converged Systems Market
East Asia Hyper-Converged Systems Market
South Asia & Pacific Hyper-Converged Systems Market
Middle East & Africa (MEA) Hyper-Converged Systems Market

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Tech Savvy Hotel Chains Market is Reaching US$ 220 Bn at a Gracious Rate of 15 % by the Year 2032

The global tech savvy hotel chains market is likely to be appraised at US$ 53.5 billion in 2022, likely to reach US$ 220 billion by 2032 with a CAGR of 15% during the forecast period (2022-2032).

Hotel chains around the world are fast adopting the technological advancements that are crawling into the fast changing global hospitality scenario. Over the last few decades, several renowned brands of the hotel industry have successfully inducted technology into their daily operational flowchart. The long-term bonhomie has impacted the overall growth of the industry. Over the years the service levels in several plush hotels have surged due to the able use of technology.

The new breed of smart hoteliers is promoting digitisation to slash the recurring costs and also to table some of the state-of-the-art services to their elite customers through the best possible use of technology. Not only big properties, smaller players of the hospitality segment are also infusing effective technologies to enhance industry standards.

Tech-savvy hotel chains are slowly but steadily mushrooming around the world. The tech-savvy hotel chains are reaping the benefits of the technology and digital boom. Mass digitisation has created a huge platform for tech-savvy hotels. Proper use of technology has not only changed the brand image in the market, but it has also enhanced the global customer outreach. Social media is a powerful podium to share opinion and views and it also helps gauge the market behaviour to a large extent.

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Tech Savvy Hotel Chains: Game Changers

The proper incorporation of technology will have multiple effects on the demography of the fast changing hospitality industry according to market experts. In the last few years, the entire climate of the hotel industry has changed. The technological revolution has impacted the revenue outcome, successfully created a safer ambience for the boarders and also pulled up the service levels.

The technological advancement is the need of the hour. After a long haul, the hotel and hospitality industry has limped back to normalcy with the help of advanced technology. The massive IT boom around the world impactedthe upsurge of multiple tech savvy hotel chains across the world.

To survive in the competitive hospitality market, the incorporation of technology is a necessity. Tech-savvy hotel chains are earning an edge over the competitors as they are collecting more accolades from their customers and they are also slowly building a robust list of loyal customers for them with passing time.

The emergence of a huge pool of tech-savvy customers is also creating a massive opportunity for tech savvy hotel chains. Today’s customers are smart and they want fast and convenient services. To woo this massive base spread across the globe hotel chains are fast changing their existing strategies and doling out tech savvy measures to stay afloat in the market. In the last few years, several hotels across the globe have become the scapegoat of some of the deadliest terror attacks.

Tech Savvy Hotel Chains: Restraints

The organic growth of tech savvy hotel chains is blocked by the surging cost of hotel friendly technologies. Most of the medium level hotel chains cannot afford costly technological makeovers. The dearth of skilled manpower to handle technology is also plummeting the growth of tech savvy hotel chains.

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Tech Savvy Hotel Chains: Bigwigs

There are several apps and advanced technologies which are presently dominating the hospitality segment. Radisson iConcierge app, LodgeNet service by Hotel Duval is equipped with 23-inch ICE (Interactive Customer Service), Hyatt Regency offers a gamut tech-savvy services to their customers. ARIA, Las Vegas is another hotel chain which provides some distinctive services to its customers.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

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Wildlife Tourism Market to Achieve A High CAGR Of 5% During Forecast Period -2032

The wildlife tourism market size is expected to reach US$ 219.9 Billion by 2032. The wildlife tourism market is growing rapidly as the COVID-19 effect has reduced significantly.

As per FMI Analysts, the global wildlife tourism market is estimated to be valued at US$ 135 Billion in 2022 and is projected to increase at a CAGR of 5% in the forecast period from 2022 to 2032.

Wildlife tourism – or observing wild animals in their own habitat – is a critical part of the tourism industry in Australia, America, Africa, Canada, Indonesia, Maldives and Sri Lanka.

Wildlife tourism includes interaction with wildlife in the form of photographing and watching animals in their very own habitat from a long distance. Wildlife tourism comes under the category of adventure tourism while supporting the core values of nature conservation and eco-tourism.

Wildlife Tourism: Positive and Negative Impact

During the visit to wildlife destinations, tourists contribute to the improvement and conservation of the conditions of wild animals. Wildlife tourism also improves the life of the local tribes, as when tourism flourishes, they get opportunities of improved livelihood. Continuous flow of tourists keep the poachers away from killing endangered species of animals. When tourists visit wildlife sanctuaries certain amount of entrance fee is charged from them.

This money is directed towards animal conservation programmes. However there are some negative impacts too. The disturbance is always high when tourists approach the wildlife very closely to take photos. Also, the breeding patterns of animals may also get disturbed due to constant pressure of tourists to take photographs of animals with their young ones.

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Wildlife Tourism: Drivers

As the entry fee charged from tourists is invested in the conservation of animals, more and more tourists are willing to re-visit wildlife sanctuaries and are ready to pay extra as entry fees, just to ensure animal life conservation. In addition to merely watching animals, tourists are also aware of the various fauna and flora species, which attracts them to wildlife tourism, which is consequently driving the growth of the wildlife tourism sector.

Lot of infrastructural development in and nearby wildlife sanctuaries such as hotels, guest houses and eco-tourism villages and jungles are also attracting a large number of tourists. So now tourists not only visit national parks and wildlife sanctuaries to see animals but also for relaxation which they get by being away from the hustle and bustle of city life. Due to better infrastructural development movie shootings also take place in nearby areas which attract local travellers and this fuels the growth of wildlife tourism.

Many schools arrange trips in wildlife sanctuaries to introduce students to the flora and fauna in sanctuaries. Besides, wildlife photographers who keep visiting the sanctuaries also create robust development in the sector of wildlife tourism. Many wildlife sanctuaries are famous for tigers. Ranthambore wildlife sanctuary and Kanha National Park in India are among the few sanctuaries where tourists can get very close to tigers.

Many tourists frequently visit these sanctuaries just to see tigers and this is boosting the global wildlife tourism sector.

Famous Wildlife Sanctuaries Across the World

Lone Pine Koala Sanctuary in Brisbane, Australia, Chengdu Moonbear Rescue Centre in China, Noah’s Ark in Georgia, USA, Corbett National Park in Uttarakhand, India are some of the famous wildlife sanctuaries across the globe.

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Key Segments Profiled in the Wildlife Tourism Market

By Wildlife Tour Types:

Forest Wildlife Tours
Marine Wildlife Tours

By Age Group:

15.25 Years
26-35 Years
36-45 Years
46-55 Years
66- 75 Years

By Tourist Type:

Domestic
International

By Tour Type:

Independent Traveler
Tour Group
Package Traveler

By Consumer Orientation:

Men
Women
Children

By Region:

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

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Patient Lateral Transfer Market | McAuley Medical, Inc., Patient Positioning Systems LLC, HoverTech International, Stryker Corporation | By 2030

By the end of 2030, the Patient Lateral Transfer Market worldwide is expected to reach US$ 2 Bn, up from US$ 995.8 Mn in 2022, growing at a 9.2% CAGR.

As per FMI – an ESOMAR-certified market research firm, the global patient lateral transfer market is expected to reach US$ 2 Bn by 2030.

The likelihood of patients moving and getting lifted from stretchers or bed causing back injuries, strain to caregivers and healthcare workers owing to forceful exertion, repetitive movement, and awkward posture can’t be ruled out.

Patient lateral transfer devices come to the rescue over here.

Patient lateral transfer devices lessen friction during transfer of patients and prove to be equally beneficial for patients.

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Key Takeaways

Air-assisted transfer devices held the largest market share in 2019 and the winning streak is expected to continue in the forecast period
Asia-Pacific is looked upon as a promising market due to growing awareness about the need for patient lateral transfer devices along with improvement in healthcare infrastructure
Covid-19 to escalate the market in the year 2020, and further traction expected with the onslaught of chronic devices
Individual product promulgation is a key trend observed in the market

Key Participant Insights

The global patient lateral transfer market exhibits higher growth potential along with key players projecting their brands.

The competitive factors include product differentiation, technology, and competitive pricing.

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For instance – McAuley Medical’s Gold Rollboard, Patient Mover Slide Boards, and Handy Rollerboard Accessories, HoverMatt Air Transfer System from HoverTech, Himm-Rom’s HandyTube Manual Transfer Aid and Patient Transfer Board are doing the rounds at present.

The other players are also in the race. As such, there exists fierce competition over here. If players opt for partnerships/joint ventures, the competitive landscape would take a cutting-edge turn.

The players in the patient lateral transfer market include McAuley Medical, Inc., Patient Positioning Systems LLC, HoverTech International, Stryker Corporation (Sage Products LLC), Getinge AB (ArjoHuntleigh), EZ Way, Airpal, Inc., Arjo, Medline Industries, Haines Medical Australia, Sizewise, and Prism Medical.

FMI’s report offers incisive insights on the key strategies of leading and tier II patient lateral transfer market players.

A detailed analysis of business and product strategies is offered in the report.

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Key Segments of Patient Lateral Transfer Industry Survey

Patient Lateral Transfer Market by Product:

Air-assisted Transfer Devices
Slide Sheets
Transfer Accessories

Patient Lateral Transfer Market by Usage:

Single Patient Use
Reusable

Patient Lateral Transfer Market by End Use:

Hospitals
Clinics
Ambulatory Surgical Centres

Top Related Reports:

Antibody Therapy Market

Patient Registry Software Market

Medical Chairs Market

Healthcare Biometrics Market

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Sustainable Tourism Market is Expected to Expand at a 23.4% CAGR in 2032 | FMI

The sustainable tourism market to register a year-on-year growth rate of 33.3% in 2022. As per the FMI analysis, the sustainable tourism market size will surpass US$ 1.0 Tn in 2022. Between 2022 and 2032, the market is expected to exhibit compound annual growth rate (CAGR) of 23.4%. The share of global sustainable tourism market in the parent market (travel and tourism industry) is estimated to be at 2%-5%.

Sustainable tourism is the type of tourism that establishes an appropriate stability among the environmental, economic and socio-cultural features of the travel industry; it plays a vital role in preserving biodiversity. The primary objective of sustainable tourism is to reduce the negative impact of tourism on surroundings and local culture so that it will be offered for future generations, while funding to generate income, occupation, and the preservation of local ecologies.

Sustainability in tourism is an ethical practice in tourism similar to responsible tourism and ecotourism. Sustainable tourism has been in practice since 1992. Sustainable tourism is all about efficient technology, cleaner production, environmental protection and communal engagement. Sustainability is well-known amongst travel lodging amenities mainly trailed by tour agents as well as new destinations.

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Sustainable Tourism: Drivers and Opportunity Areas

Largely, a sense of accountability towards the environment with an addition to the socioeconomic wellbeing of local societies amongst tourism operators is fuelling the demand for sustainable tourism all over the globe.

The other drivers that trigger the need and requirement of the sustainable tourism segment include growing awareness towards securing the natural and traditional habitat of the destination concerned as well as a shift in the mindset of many travellers from traditional travelling concerns such as price, brand, quality, and convenience towards social, cultural and environmental issues that are significant to the places they holiday.

Sustainable tourism is still an emerging concept and many regions are not aware of this type of tourism; hence enormous opportunities including covering many untapped areas and the fusion of sustainable tourism with ethno-tourism and eco-tourism are coming up as possible opportunity areas for sustainable tourism in the global tourism industry.

Sustainable Tourism: Trends

The millennial and baby boomer generation of travellers is more inclined towards sustainable tourism and their preferred destination seems to be South Africa. Holidaying in places with an abundance of natural habitat and ensuring eco-friendliness is becoming an emerging trend among the tourists during their sustainable travel; travellers enjoy the ecstasy of the natural habitat of a place without causing any discomfort to the local plant, animal and bird species or human localities.

Nowadays there is a trend of undertaking a fusion vacation of sustainable tourism with eco-tourism. Another noticeable trend encountered is the transformation of sustainable tourism from a holiday trip to social work. Among the young generation of tourists, sustainable tourism is a growing trend where they are ready to pay more for sustainable brands that display commitment or dedication to environmental and social values.

The trend among tourism operators to practice sustainable tourism is growing as travellers are demanding more creative and responsible holidays. In fact tourists prefer buying services and products from the vendors who are dedicated and practice programs on giving or paying back to society.

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Sustainable Tourism: Restraints

However, there are certain factors that are hindering the growth of the sustainable tourism segment such as a limited audience or travellers as this concept of tourism is not very comfortable and luxurious to most travellers. Another restraint is less awareness among global tourists about sustainable tourism, as some travellers prefer highly comfortable and luxurious vacations and look for such options only.

Many tourists do not find this concept relevant, and changing their mind-set in favour of sustainable tourism is another challenge for the sustainable tourism segment.

Sustainable Tourism Market: Options

There are numerous destinations where sustainable tourism is practiced and most of them are at the destinations of natural habitat. Sustainable tourism is largely practiced in the regions of Africa, India, and Brazil among others.

Major destinations where sustainable tourism is advocated and practiced include National Park, Marine Park, National Reserve, Marine Reserve, Wildlife Sanctuary, State Forest, Local Authority Forest, Sacred Forest, Wildlife Conservancy, Game Ranch, Beach, and World Heritage Site among many others.

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Market by Category

By Type (% of Demand), Sustainable Tourism Market is segmented as:

Ecological Tourism
Eco Tourism/ Green Tourism
Soft Tourism
Community Tourism

By Booking Channel (% of Demand), Sustainable Tourism Market is segmented as:

Phone Booking
Online Booking
In Person Booking

By Consumer Orientation (% of Demand), Sustainable Tourism Market is segmented as:

Men
Women

By Tourism Type (% of Demand), Sustainable Tourism Market is segmented as:

Domestic
International

By Tourist Type (% of Demand), Sustainable Tourism Market is segmented as:

Independent Traveler
Tour Group
Package Traveler

By Age Group (% of Demand), Sustainable Tourism Market is segmented as:

15-25 Years
26-35 Years
36-45 Years
46-55 Years
66-75 Years

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Marine Minerals Market – Notable Developments, Potential Players & Worldwide Opportunities 2032

The global marine minerals market is anticipated to exhibit an exponential CAGR of 34% during the forecast period (2022-2032). Owing to the rapidly growing demand in the food and beverage industry and advanced health food trends, demand for marine minerals is gaining traction across the globe.

As per FMI, the global marine minerals market size is set to reach US$ 16.5 Bn in 2022. Rapid evolution of the food and beverage industry with the surging need for dietary supplements and increasing spending on healthcare is likely to augur well for the market. Leading companies are also expected to employ research & development strategy to further propel the marine minerals market growth.

The team of researchers at Future Business Insights are focussing on research and market study to produce different Marine Minerals Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry
like market figures and merger estimations to assess and produce reliable and informative insights on the Marine Minerals Market.

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Global Marine Minerals Market: Key Market Participants

Examples of some of the market participants in the global marine minerals market identified across the value chain include includeInovoBiologic Inc., Marigot Ltd., Celtic Sea Minerals, Maxicrop USA, Inc., AlescoS.r.l., Humates And Seaweeds Pvt Ltd, BioFlora, LLC, Sar Agrochemicals & Fertilizers Pvt. Ltd and HMHS Solutions Limited amongst others.

Minerals Market: Segmentation:

On the basis of form, the marine minerals market is segmented into-

Solid

Powder
Granules
Flakes
Liquid

On the basis of source, the marine minerals market is segmented into-

Organic
Inorganic

On the basis of end use, the Marine Minerals market is segmented into-

Dietary Supplements
Food & Beverage Industry

Frozen desserts
Processed food
Meat Processing
Fruit juices
Smoothies & shakes

Instant Beverages
Others
Pharmaceuticals
Cosmetics & Personal Care
Industrial

Animal Nutrition
Others

Queries Solved

What is the size of the overall Marine Minerals Market in the Food and Beverage Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Marine Minerals Market in the Food and Beverage Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Marine Minerals Market in the Food and Beverage Market?
What is the Marine Minerals Market in the Food and Beverage Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Marine Minerals Market in the Food and Beverage Market?
What are the recent trends in Marine Minerals Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?

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 Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the
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We provide accurate insights on various market trends to enable businesses to make
informed and beneficial decisions to attain competitive edge over key players.

Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

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Microencapsulated Omega-3 Powders Market: Future Innovation Ways, Growth & Profit Analysis, Forecast by 2032

The global microencapsulated omega-3 powders market size is likely to exceed US$ 17.4 Bn in 2032 and exhibit steady growth at a CAGR of 8.2% in the forecast period from 2022 to 2032. Increasing product consumption on the back of changing dietary habits and rising prevalence of cardiovascular diseases is set to push growth.

As per a report by FMI, demand for microencapsulated omega-3 powders is projected to reach US$ 10.5 Bn in 2022. Surging investment by consumers in products associated with their healthcare and wellbeing is anticipated to bode well for the market.

A rise in the hectic schedules of consumers have contributed to a notable shift towards junk food and packaged food, which is devoid of the required quantity of nutrients. With the bridging of information gap apropos of the importance of nutrition for the bodily functions, high trends of consuming dietary supplements have been witnessed, which is projected to hold sustained growth opportunities for the microencapsulated omega-3 powders market in the upcoming years.

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Microencapsulated Omega-3 Powders Market – Novel Developments

Significant players functioning in the microencapsulated omega-3 powders market have been striving to create strong brand recall value by strategically positioning their products in the storefronts and streamlining their distribution channels. Diversification of their product portfolio by enriching the product is yet another strategy observed in the microencapsulated omega-3 powders market. A large number of promotional activities are undertaken by the companies to create awareness pertaining to the novel product launches and their unique selling propositions.

Some of the key players operating in the microencapsulated omega-3 powders market include KD Pharma Group, Venketesh Biosciences LLP, Wincobel, Stepan Company, Socius Ingredients, Benexia, Biosearch, SA, Glanbia Nutritionals, Clover Corporation, Skuny Bioscience Co., Ltd., BASF SE, Novotech Nutrition, and Koninklijke DSM N.V.

In September 2017, Benexia – a significant player functioning in the microencapsulated omega-3 powders market announced the launch of ALA Powder, which contains ALA fatty acid in rich quantities and boasts the same stable nature as that of Chia oil. The powder can be used as a nutritional supplement for instant soup, baby food, chocolate, infant formula, and cocoa powder.

In February 2019, Glanbia Nutritionals completed the acquisition of Watson with the sole objective to cement its current position as a market leader in the nutritional sector. The transaction will help in expanding the competency set of Glanbia such as edible film technologies, microencapsulation, agglomeration, spray drying, and micronizing capabilities.

Ease of Product Distribution with Ecommerce to Lend Promising Sales Probabilities

With the rising competition in the microencapsulated omega-3 powders market, manufacturers have been rethinking their distribution and product projecting strategies. This has resulted in the use of supermarkets/hypermarkets for the showcasing of their products and increasing their sales prospects. Advent of ecommerce has further offered lucrative sales opportunities to the microencapsulated omega-3 powders with its capability to map geographical footprints. This has offered the consumers with the ease to the accessibility of these dietary supplements irrespective of their location, which is anticipated to intensify the sale probabilities of these supplements and in turn create favorable growth scenarios for the microencapsulated omega-3 powders market.

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Food and Beverage Industry to Remain a Key Contributor to the Growth of the Microencapsulated Omega-3 Powders Market

Growing cognizance apropos of maintaining the wellbeing has shifted the preference of consumers towards healthy food products. Observing this affinity of the consumers towards nutritional diet, manufacturers operating in the food and beverage industry have been leveraging these dietary supplements to enhance the desirability of their products. As a result, the food and beverage industry has been acting as a significant growth driver for the dietary supplements market in general and microencapsulated omega-3 powders market in particular.

Microencapsulated Omega-3 Powders Market – Segmentation

The microencapsulated omega-3 powders market can be bifurcated on the basis of:

Nature

Distribution Channel
Type

Depending on the nature, the microencapsulated omega-3 powders market can be bifurcated into:

Organic
Conventional

Based on the distribution channel, the microencapsulated omega-3 powders market can be classified into:

Direct
Indirect
Store-based
Supermarket/Hypermarket

Convenience Stores
Discount Stores
Food and Drink Health Stores
Online

On the basis of type, the microencapsulated omega-3 powders market can be segmented into:

Alpha-linolenic acid (ALA)
Eicosapentaenoic acid (EPA)
Docosahexaenoic acid (DHA)

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Cold-Pressed Oil Market – Growth, Statistics by Application, Production, Revenue & Forecast To 2032

The global cold-pressed oil market share is projected to reach a valuation of US$ 37.2 Bn by 2022 with a CAGR of 4.8% during 2022-2032. Due to greater understanding of health and wellbeing, consumers’ eating habits and nutritional patterns have changed. The demand for cold-pressed oil is rising, as a result, it is anticipated to lead to an increase in sales of cold-pressed oil in the market throughout the forecasted period.

Furthermore, consumers are willing to pay a greater premium for nutritious components and products. The cold-pressed oil market size is being positively impacted by the healthy eating categories’ rapid expansion relative to the decadent ones.

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Consumers are urging food companies to increase the transparency of their products, going past ingredients, free-from status, and nutritional levels. Due to this, the sales of cold-pressed oil are likely to rise by end-users.

Thus, with increasing demand for cold-pressed oil, several food product manufacturers are using ingredients to increase the overall quality and nutritional level of their final product which is anticipated to boost the cold-pressed oil market size.

In addition to this, demand for cold-pressed oil along with demand for functional food products is also significantly increasing around the globe. This growing demand is leveraging the growth of cold-pressed oil, fortified edible oil and seed oils over the forecast period.

Key Takeaways from Market Study

The cold-pressed oil market growth is expected to expand at a CAGR of 5.2% and 7.4% in Latin America and the Middle East & Africa, respectively through 2032.
Among the type segment, palm oil is dominating the cold-pressed oil market trends holding more than 18% share in 2022 and it is expected to grow with a CAGR of 2.8% over the forecast period.
Among the application segment, the food industry is dominating the cold-pressed oil market size holding more than 50% share in 2022 and it is expected to grow with significant CAGR of 3.6% over the forecast period.
The B2B is dominating the distribution channel segment holding around 70% share in 2022 and it is expected to grow with CAGR of 3.6% which is likely to rise the sales of cold-pressed oil during the forecast period.

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“Health claims such as free from, non-GMO, 99% organic, natural, minimally processed, Good for Heart, Fortified, Light, and others are attracting customers. Manufacturers and brand owners are using these claims to stimulate consumer interest and highlight their product’s uniqueness and health benefits.” – Future Market Insights Analyst.

Competitive Landscape

The key players involved in the cold–pressed oil market statistics to strengthen their research and development activities to increase the yield and improve extraction technology which is offering significant growth opportunities for the overall cold–pressed oil market trends.

In addition to this, understanding the growing demand for cold–pressed oil several key players in the oil market are entering the cold – pressed oil market by introducing their cold-pressed oil range of products.

For Instance –

In September 2020, Dabur which is one of India’s prominent natural health care companies entered the edible oil segment by introducing their cold-pressed mustard oil.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global cold-pressed oils market key trends & opportunities, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on application (food industry, agriculture, cosmetics and personal care industry), type (cottonseed oil, rapeseed oil, palm oil, peanut oil, coconut oil, olive oil, palm kernel oil, soybean oil, sunflower seed oil) and sales channel (B2B, B2C (hypermarkets/supermarkets, convenience stores, speciality stores, retail store, online retail) across seven major regions of the world.

About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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Sour Cream Powder Market – Latest Scenario On Innovation, Revolutionary Opportunities & Top Consumers 2032

Global sour cream powder market is expected to accumulate a market value of US$ 1.68 Billion in 2022 and is expected to register a CAGR of 2% by garnering a market value of US$ 2.05 Billion during the 2022-2032 forecast period. Growth of the market can be attributed to the usage of sour cream powder in different recipes, especially in Europe and North America.

The sour cream powder is dehydrated sour cream with a fat content between 30 and 60%. The sour cream powder when mixed with appropriate quantity of water, formulates into sour cream. This can be used for various food applications. The sour cream powder is produced on a commercial basis by spray drying the sour cream to form the powder. Sour cream is obtained by fermenting regular cream with bacterial culture to make the cream sour and also thicken the cream.

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The benefit of the sour cream powder is that it can be stored for years, unlike the sour cream which has to be consumed within a short duration of time. Also after opening the packet of the sour cream powder, it can be stored in air-tight containers inside a refrigerator.

The sour cream powder is being used in various food processing industries such as dairy, bakery, snack seasonings, sauces and dips and many more. The easy storage and distribution have shifted the consumers from buying sour cream to sour cream powder. The sour cream powder is also being used in the foodservice industry. The lack of unusual taste or odor makes the sour cream powder more appealing especially for the foodservice industry to incorporate into dishes.

Sour Cream Powder Market: Key Players

Commercial Creamery Company
The Food Source International Inc.

Bluegrass Dairy and Food Inc.
Dr. Otto SuwelackNachf. GmbH & Co.
Tsukuba Dairy Products Co., Ltd
Varesco Group
Barry Family Farm

Rogers and Company Foods
Thrive Life LLC
Walton Feed Inc.

Key Data Points Covered in the Sour cream powder Report:

An overview of the global sour cream powder market, including background and advancement.
Macroeconomic factors affecting the sour cream powder market and its potential.
Market dynamics, such as drivers, challenges, and trends.
Detailed value chain analysis of the sour cream powder market.
The cost structure of and segments covered in the study.
In-depth pricing analysis, by crucial sour cream powder segments, regions, and by major market participants.
Analysis of supply and demand the sour cream powder, such as top producing and consuming geographies, imports/exports, and overall trade scenario.
Analysis of the market structure, including a tier-wise categorization of key market participants of sour cream powder market.
Competitive landscape of the market, including detailed profiles of the top players in the sour cream powder market.

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Sour Cream Powder Market: Segmentation

The sour cream powder market is segmented on the basis of type, end use, packaging, and distribution channel.

On the basis of type, the global sour cream powder market is segmented as-

Low-fat
Regular

On the basis of end use, the global sour cream powder market is segmented as-

Food
Food service (HoReCa)
Salads and Dressings
Sauces and Dips
Snack Seasonings

Bakery Products
Dairy Products
Household/Retail

On the basis of packaging, the global sour cream powder market is segmented as-

Retail

Airtight containers
Paper Bags
Pouches
Bulk

On the basis of distribution channel, the global sour cream powder market is segmented as-

Direct/B2B
Indirect/B2C
Hypermarket/Supermarket
Specialty Stores
Discount Stores

Modern Grocery Stores
Traditional Grocery Stores
e-Retail

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