Encapsulated Flavors and Fragrances Market Will Generate New Growth Opportunities in the next 10 year

The encapsulated flavors and fragrances market worth will total US$ 6.3 billion in 2021, according to Future Market Insights (FMI). Growing at a healthy CAGR of 5.9% for 2021-31, the market is expected to reach US$ 11.2 billion by 2031. Encapsulation processes create functional qualities including the controlled release of aromatic molecules in specific environments. Encapsulated flavors and fragrances are used as excipients in the food and beverage, cosmetics, and personal care sectors for preserving products for long-term use.

Purity, granulation, average molecular weight, colour, and solubility determine the grade of encapsulated products. The wide multi-functional benefits of encapsulated flavours and fragrances are aiding the growth of the global market.

High levels of investments in research and development by key players, particularly in the developed countries, are expected to boost consumption. Another factor driving the market’s growth is the rising demand for functional foods.

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Additionally, manufacturers are using technologies such as spray-drying, which is the most commonly used method in the industry. The emphasis on health and wellness has risen by leaps and bounds.

Healthy drinks with vitamins and natural flavors are becoming popular among consumers. Flavour encapsulation is preferred to chemically synthesized equivalents. Consequently, it is used on fruit and vegetable ingredients without compromising nutritional content. As a result, encapsulated flavour manufacturers have great opportunities to partner with beverage manufacturers and supply encapsulated flavors for health drinks and more.

Key Takeaways from the Encapsulated Flavours and Fragrances Market Study:

  • Micro-encapsulation accounted for a market share of 72.9% in 2021 driven by superior functional efficacy and diverse applications.
  • Cyclodextrin is anticipated to witness a lucrative growth rate at a CAGR of 9.1%, supported by the growing popularity of prebiotics.
  • Germany holds the lead and will account for 24% share in the Europe market in 2021, however, it is registering sluggish growth owing to saturation in the country.
  • The U.S. will hold over 88% of the North America market by the end of 2031, driven by demand from matured food and chemical processing sectors.
  • South Korea registers the highest growth rate in East Asia at 8% CAGR, supported by demand from the cosmetic, personal care, and pharmaceutical sectors in the country.

Who is Winning?

Encapsulated flavors and fragrances manufacturers are working on delivering unique items to the market to reach a larger customer base. Manufacturers are also working on research and development to meet rising consumer expectations in both existing and emerging markets. Additionally, manufacturers are also focusing on online retailing in the pandemic through various E-commerce websites.

Some of the leading companies offering encapsulated flavours and fragrances are ADM, Cargill Inc, Firmenich Incorporated, Givaudan, Ingredion Incorporated, International Flavours and Fragrances (IFF), Kerry Group, Royal DSM, Sensient Technologies, Symrise AG, Tate & Lyle PLC and others.

Encapsulated Flavors and Fragrances Market by Category

By Product Type:

  • Flavour Blends
  • Fragrance Blends
  • Essential Oils & Natural Extracts
  • Aroma Chemicals

By Technology:

  • Mechanical
    • Emulsification
    • Spray Drying
    • Spray-Chilling/Cooling
    • Fluidised-Bed Coating
    • Centrifugal Extrusion
  • Others
    • Chemical
    • Coacervation
    • Freeze Drying
    • Supercritical Fluid Technique
    • Nano Precipitation
    • Liposomes
  • Others

By Wall Material

  • Maltodextrin (DE<20)
  • Corn syrup solid (DE>20)
  • Modified cellulose
  • Gum Arabic
  • Modified starch
  • Gelatin
  • Cyclodextrin
  • Lecithin
  • Whey protein
  • Hydrogenated fat
  • Others

By End-use:

  • Consumer Goods
    • Laundry detergents
    • Fabric softeners and scent boosters
    • Household Care
    • Deodorants
    • Oral Care
    • Skin Cleansing & Care
    • Hair Care (shampoo & conditioner)
  • Food and Beverage
    • Chewing gum
    • Baked Foods
    • Confectionery
    • Dairy Products
    • Instant Desserts (Frozen Food)
    • Food Flavors (Snack Food, Cereal, Oatmeal, etc.)
    • Beverage & Instant Drinks & Tea
    • Others (Prepared Dishes, etc.)

By Encapsulated Form:

  • Powder
  • Paste
  • Granules

By Process:

  • Micro-encapsulation
  • Nano-encapsulation
  • Hybrid-encapsulation
  • Macro-encapsulation

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Key Questions Answered in the Report

  • What is encapsulated flavors and fragrances market size?

The overall encapsulated flavors and fragrances market is projected to surpass US$ 6.3 Bn in 2021.

  • At what rate did the encapsulated flavors and fragrances market grow in the last five years?

Demand in the encapsulated flavors and fragrances market increased at 4.5% CAGR between 2016 and 2020.

  • What are the key trends shaping the encapsulated flavors and fragrances market?

Market players are likely to focus on nano-encapsulation technologies. Cost-effective mechanical encapsulation solutions will remain important in the market.

  • Which countries are key producers of encapsulated flavors and fragrances?

The U.S., Germany, U.K., France, and Switzerland are the leading producers of encapsulated flavors and fragrances products.

  • What are the key statistics for encapsulated flavors and fragrances market in Japan and South Korea?

Encapsulated flavors and fragrances solutions in Japan and South Korea are expected to hold a 5.2% and 8% CAGR through 2031, respectively.

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Citrus Fiber Market Study Based on Shares, Current Opportunities with Future Growth Scenario by 2031

The citrus fiber market revenue totaled US$ 110.0 Million in 2021, according to Future Market Insights. Exhibiting a CAGR of 5.2% for 2021-31, the citrus fiber market is expected to reach US$ 184.9 Million by 2031.

Amid soaring competition, the top five players, comprising CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont are expected to account for 41% of citrus fiber market in 2021.

Citrus fiber is often regarded as a neutral-tasting food additive that can extend the shelf life of food products. Under FDA regulations, prohibited food additives including hydrocolloids, phosphates, carrageenan, and others can be successfully replaced by citrus fiber components.

To appeal to the world’s rising health-conscious consumer base, food manufacturers are proactively working on adding citrus fiber ingredients in the production of fat-free edibles.

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In recent years, the demand for dietary fiber has grown significantly. Citrus fruits have received increasing attention from several dietary fiber manufacturers from fruit source. Citrus fruits such as orange, grapefruit, lemon and tangerines/ mandarins are rich sources of dietary fibers with a well-balanced proportion of soluble and insoluble fibers.

Key Takeaways from the Citrus Fiber Market Study

  • Food grade citrus fiber will account for 59.6% of the market in 2021, largely driven by applications as additive in the processed food industry.
  • Personal care applications will grow at above 8% CAGR aided by clean label trends sweeping       the industry.
  • Germany will hold the lead in the Europe market, accounting for over 18% of the value share in 2021, with the growth in the local feed industry.
  • The U.S. will hold over 90% of the North America market in 2021, supported by the presence of a matured food processing sector.
  • China, driven by a large consumer base, will account for over 55% of the East Asia market through the end of 2031.

Who is Winning?

Citrus fiber is primarily consumed as a functional ingredient in food and beverages, animal feed, pharmaceutical, and cosmetic industries. Emerging countries such as India, China, Indonesia, and Brazil are showing lucrative growth in food, pharma, and cosmetics applications.

Major players in the market are focusing on capacity and geographical expansion strategies in addition to collaborations with local players to bolsters production and distribution operations in untapped markets.

Some of the leading companies offering citrus fiber are Fiberstar, Inc., CEAMSA, CP Kelco, Inc., Herbafoods Ingredients GmbH, Florida Food Products, Inc., Lemont, Golden Health, FUYAN PHARM (Henan), Inc., Nans Products, and Cifal Herbal Private Ltd., among others.

Citrus Fiber Market by Category

By Grade:

  • Food Grade
  • Pharmaceutical Grade
  • Cosmetic Grade

By Source:

  • Orange
  • Tangerine/Mandarins
  • Grapefruit
  • Lemons and Lime

By Application:

  • Bakery
  • Desserts and Ice-cream
  • Sauces & Seasonings
  • Meat & Egg Replacement
  • Beverages
  • Flavorings & Coatings
  • Snacks & Meals
  • Personal Care
  • Pharmaceutical
  • Other Application

By Function:

  • Water Binder & Fat Replacer
  • Thickening Gums
  • Gelling Gums
  • Others

By Region:

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

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Key Questions Answered in the Report

  • What is citrus fiber market size?

The overall citrus fiber market is projected to surpass US$ 111 Mn in 2021.

  • At what rate did the citrus fiber market grow in the last five years?

Demand in the citrus fiber market increased at 4.3% CAGR between 2016 and 2020.

  • What are the key trends shaping the citrus fiber market?

Market players are likely to focus on exploring potential new applications for previously untapped revenue streams.

  • What is the share of the leading citrus fiber companies?

Leading citrus fiber companies include CP Kelco, Fiberstar Inc, CEAMSA, Herbafoods Ingredients GmbH, Florida Food Products Inc., and Lemont, who cumulatively account for 41% of the market.

  • At what rate will the demand rise in the Europe citrus fiber market?

The Europe citrus fiber market is expected to rise at a CAGR of 4.1% between 2021 and 2031.

  • Which are the top five countries driving citrus fiber market demand?

Leading countries driving demand in the citrus fiber market are the U.S., Germany, China, France, and the U.K.

About FMI

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Frozen Mackerel Market Set for Rapid Expansion during Forecast Period 2022-2031

According Future Market Insights analysis, frozen mackerel market is set to expand at 5.8% CAGR between 2021 and 2031. COVID-19 spurred a surge in demand as consumers exhibited higher inclination for healthy eating.

Driven by this, frozen mackerel sales grew by 5% between 2020 and 2021. Against this backdrop, FMI projects the frozen mackerel market valuation to surpass US$ 1.05 Bn in 2021.

The demand for frozen mackerel derived from aquaculture will continue rising, propelled by its high yield at low cost. Despite this, wild catch is expected to account for over 55% of frozen mackerel sourced by 2031.

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Food service applications are among the fastest growing sales channels for frozen mackerel. Over 75% of seafood consumers, from millennials to baby boomers felt the need for consuming sustainable food. Owing to this, the demand for seafood derived from well-managed sources rather than oceans has grown.

This indicates the readiness of the seafood consumers to accept the change of sources of their food, which also is reflected in their eating habits. Using frozen mackerel also helps restaurants in maintaining menu transparency, thereby aiding their growth. Spurred by these factors, frozen mackerel sales will continue rising through the course of the forecast period.

Key Takeaways from the Frozen Mackerel Market Study

  • Horse mackerel will continue leading the market with a share of 55% in 2021. Their easier availability in larger stocks will aid expansion in this segment.
  • Whole round mackerel products dominates as top-selling type. It will account with a share of 39% in the year 2021, driven by advantages in logistics and shelf life.
  • Inclusion of mackerel in menus, rising disposable income, and increasing awareness about health benefits are driving sales in the U.S. frozen mackerel market. It is estimated to be valued US$ 35.6 Mn in the year 2021.
  • China will a value share of 42.9% in East Asia market in 2021. However, it is expected to lose ground to Japan and South Korea in East Asia by the end of 2031.
  • Thailand will hold over 30% of the South Asia market in 2021, reflecting growth at a CAGR of 6.4% through the end of the assessment period.

Organic Frozen Mackerel Gaining Traction

Increasing awareness regarding health and wellness is increasing scope for expansion across the globe. Consumers are becoming cautious about ingredients used as well as the source of ingredients in food products. The addition of chemicals or additives, has become a matter of concern as consumers are at wary of adverse reactions.

Consequently, they are exhibiting greater preference for natural and organic products. The production of organic frozen mackerel is limited. Products that are chemical-free, all natural, or organic are increasingly in demand, especially in the U.S. and Europe markets.

Organic and chemical-free mackerel is at new in the frozen product portfolio and is found to be beneficial for health. Driven by this, manufacturers are focusing on certifications to help gain the trust of consumers and offer greater transparency regarding ingredients used.

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Who is Winning?

Frozen seafood products account for almost one third of all seafood consumed worldwide, with finfish accounting for slightly more than half of all fresh and frozen items. Players in the frozen mackerel market are striving to develop novel product offering for ready-to-cook frozen mackerel with products like skinless and boneless fillets of frozen mackerel.

Some of the leading companies offering Frozen Mackerel are Ocean Treasure, Kihada Fisheries Co., Ltd, Seven Star Ocean Fisheries Limited, Pinetree Vietnam Company Limited, Subo International Holland, Oman Fisheries Co.S.A.O.G, LONGSHENG AQUATIC PRODUCTS CO.,LTD, Lotana LV LTD, DAISUI CO.,LTD, SARMA FISH S.A.R.L and other.

Frozen Mackerel Market by Category

By Species

  • Horse
  • Pacific

By Source

  • Wild Catch
  • Aquaculture

By Type

  • Whole Round
  • HGT
  • Fillet
  • Others (flap,Etc)

By Sales channel

  • Direct Sales
  • Retail Sales
    • Modern Trade
    • Convenience Stores
    • Specialty Food Stores
    • Wholesale Stores
    • Discount Stores
    • Online Retail
    • Other Retail Formats

By Application

  • Food Industry
  • Pharmaceutical Industry
  • Animal Feed
  • Pet Food
  • Food Service
  • Retail

By Region

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

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Key Questions Answered in the Report

  • What is frozen mackerel market size?

Driven by sustainable fishing and consumer health concerns, the global frozen mackerel market is likely to value US$ 1,054.1 Mn in 2021 and it is expected to reach US$ 1,858.0 Mn in 2031.

  • At what rate did the frozen mackerel market expand in the last five years?

According to FMI’s analysis, frozen mackerel sales have grown at 4.4% CAGR between 2016 and 2020.The market’s valuation stood at over US$ 1 Bn in 2020.

  • What are the key trends shaping the frozen mackerel market?

There is increasing focus on sustainable fishing and aquaculture in the market. Companies are currently focusing on the logistics for frozen foods. Besides this, marketing efforts and different cuts and flavorings are gaining traction.

  • What are the key factors driving frozen mackerel market demand?

Key factors fuelling the demand for frozen mackerel include better yield from selective breeding programs, increasing consumption of protein-based food products, and health benefits associated with consumption of mackerel.

  • What is the cumulative share of top five companies in the frozen mackerel market?

According to FMI analysis, over 5% of the market share is covered by Ocean Treasure, Kihada Fisheries Co., Ltd, Subo International Holland, Seven Star Ocean Fisheries Limited, and Pinetree Vietnam Company Limited.

  • Which are the key exporting countries of frozen mackerel?

China, Japan, Norway, Denmark, and Mauritania are the key exporters of frozen mackerel.

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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Fertilizers Microalgae Market 2022 Growth, COVID Impact, Trends Analysis Report 2031

The demand for microalgae in fertilizers sectoris forecast to grow at a steady pace, with its overall valuation surpassing US$ 9479 Thousand in 2021, exhibiting 7.7% year on year growth. As per Future Market Insights (FMI) analysis, demand for microalgae in fertilizers sector is expected to surge at an 8.7% CAGR over the course of the assessment period, from 2021 to 2031.

Microalgae is an organic, natural material and is a source of renewable energy obtained from marine or freshwater sources. Various species are finding roles of water retention and nutrition for varying soil profiles.

They have been utilized as a soil conditioner for numerous years in various studies, where liquid preparation and powdered extracts are used satisfactorily on cereal crops, resulting in increased crop yield, higher nutrient uptake, and improved herbicide tolerance.

Dry algae is also gaining traction as compost, assisting in soil binding, making it ideal for use as a bio-fertilizer. As dry algae is an organic material, it may store nutrients and provide them to plants via capillary action for a longer period.

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Conventional chemical fertilizers dissolve in water and settle deep in the ground. Consequently, nutrients in fertilizers become unavailable over time. Microalgae fertilizers are used to resolve this problem. It also increases the soil’s water-holding capacity and the intermolecular space between soil molecules, allowing sufficient aeration to reach the root system.

Consumer preference for organic and environment-friendly fertilizers to enhance crop yield along with increasing concerns about sustainability drive the demand for microalgae in the fertilizers industry. Rising concerns pertaining to reduced soil salinization, greenhouse emissions, and abiotic stress in agriculture are driving the demand for natural ingredient-based fertilizers, supporting the incorporation of microalgae.

Growing Applications of Microalgae Residue

Cyanobacteria and microalgae have numerous applications and are a significant source of bioactive compounds. Generally, microalga is a rich source of essential macro and micro-elements, which can be used as a protein source in food, feed, and fertilizer applications.

Microalgae contain lipids, carbohydrates, and proteins. Lipids extracted from algae are rich in oxygen (O) (26.3%), C (49.0%), N (5.76%) and hydrogen (H) (6.96%).

Untreated microalgae and microalgae biomass are rich in organic matter and macronutrient contents. This supports soil fertility, which in turn helps consumers to gain higher crop yield. Moreover, the cost of microalgae is comparatively low. Therefore, several fertilizer manufacturers utilize algae waste in their products.

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Who is Winning?

Key players who are engaging in producing and supplying microalgae in fertilizers sector are actively involved in changing market strategies and expanding production capacities to keep up with the demand for microalgae in the fertilizers sector.

Some of the key players operating in microalgae demand analysis in the animal feed sector include DIC Corporation, Cyanotech Corporation, Koninkliijke DSM NV, Roquette Frères, BASF SE, Fuji Chemical Industries Co., Ltd., Parry Nutraceuticals, BGG (Beijing Gingko Group), KDI Ingredients, Sinoway Industrial Co., ltd., INNOBIO Corporation Limited, Yunnan Alphy Biotech Co., Ltd, Algaecan Biotech Ltd., Algatechnologies Ltd., Cardax, Inc, Igene Biotechnology, Inc., Fenchem Biotek Ltd., AstaReal Inc., Valensa International, Kunming Biogenic Co., Ltd., and many others.

Demand for Microalgae in Fertilizers Sector by Category

By Species Type:

  • Spirulina
  • Chlorella
  • Dunaliella
  • Schizochytrium
  • Euglena
  • Nannochloropsis
  • Nostoc
  • Others

By Source:

  • Marine water
  • Fresh Water

By End Use Application:

  • Biofertilizers
  • Biocontrole
  • Soil microalgae
  • Biostimulants
  • Fungicide & Insecticide
  • Pesticide
  • Soil Conditioner
  • Agriculture Herbicide
  • Animal Repellent
  • Others

By Region:

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

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Key Questions Answered in the Report

  • What is demand for microalgae in fertilizers sector market size?

Propelled by improvements in research and development and emerging technologies in the fertilizers sector, the global demand for microalgae in fertilizers sector will surpass US$ 9,479.4 Thousand in 2021 and it is also expected to surpass US$ 21,747.6 Thousand by 2031.

  • At what rate did the demand for microalgae in fertilizers sector expand in the last five years?

According to FMI’s analysis, demand for microalgae in fertilizers sector sales have grown at 6.6% CAGR between 2016 and 2020. The market’s valuation stood at over US$ 8,805.2 Thousand in 2020.

  • What are the key trends shaping the demand for microalgae in fertilizers sector?

Key trends shaping the market include growing environment-friendly and sustainable agricultural practices. Organic farming will continue fuelling the demand for microalgae in the fertilizers sector across the forecast period. High biotechnology potential for soil research is driving consumer attention.

  • What are the key factors driving demand for microalgae in fertilizers sectors?

Growing requirements of soil conditioners, efforts to improve abiotic stress tolerance to improve crop yield and stability of soil drive the demand for microalgae in fertilizers sector over forecast period.

  • What are the statistics of microalgae demand in the North America fertilizer sector?

Demand for microalgae in the fertilizer sector in North America is set to rise, aided by the demand for bio-fertilizers across the U.S. and Canada. As per FMI research, North America will hold 34.3% of the global demand in 2021.

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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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Refurbished Running Shoes Market is Expected to Reach a Industry Valuation of US$ 340 Million by the year 2022 | FMI

The global refurbished running shoes market is set to witness an impressive growth rate of 8.9% over the forecasted years of 2022 to 2032. The refurbished running shoes market size is anticipated to reach a valuation of around US$ 798 Million by the end of year 2032 from the current valuation of US$ 340 Million in 2022.

Sneakers that have been repaired or recertified for selling again are referred to as refurbished shoes. Such shoes may vary depending on the brand and method used. For instance, reconditioned running shoes may have simply been opened, returned to the manufacturer or store due to a problem, and then marketed again. Due to the fact that they are sold at a lower price than brand-new products, demand for refurbished running shoes is quite high right now across both developed and developing economies.

Most reconditioned products come with tested and guaranteed substitutes. When these products successfully pass the quality inspection process and appear and function similarly to existing new products in the market, and they are also certified. Such aspects are anticipated to increase consumer confidence in the products and consequently boost sales of refurbished running shoes in the ensuing days.

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Key Takeaways from Market Study

  • The overall growth of the global refurbished running shoes market is estimated to be around US$ 368 Million over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 8.9%.
  • The overall market is projected to reach a valuation of nearly US$ 798 Million by the end of the forecast period in 2032 that would constitute nearly 25 – 30% of the used apparel market globally.
  • Neutral pronator refurbished running shoes category is the dominant segment of the market and is also projected to be the fastest growing segment along with the over pronator refurbished running shoes segment.
  • Though offline distribution channels for sales of refurbished running shoes had remained dominant since a very long time but in recent time online retail shops have been growing rapidly and presently contribute more than 50% of the global market.
  • North America is the leading region with the highest demand for refurbished running shoes. The overall market share of this region is estimated to be around 32.6% for the year 2022.
  • European countries have witnessed an impressive growth over the recent years in the refurbished running shoes market and presently acquire nearly 16.8% of the global market.
  • Asia Pacific is the fastest growing market as figured out by the refurbished running shoes market analysis report for the coming years.

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Competitive Landscape

Some of the well-known refurbished running shoes market players are Reebok, Nike, Inc. , PUMA SE, Greensole.in, Etsy, Skechers India, RELAY, Adidas AG, and Chuck Taylor All Stars among others.

One of the major causes influencing the ongoing global expansion of refurbished running shoes business is the fact that so many famous companies and popular brands are supporting the second-hand movement. Giants like Richemont, LVMH, and Stella McCartney have shown their dedication to sustainability and adoption of better technology for restoring used shoes.

Recent Developments in the Global Refurbished Running Shoes Market:

  • Last year Bank & Vogue, Beyond Retro, and another well-known firm names Converse teamed up to solve the problem of decreasing trash and for working together to design a range of shoes made from recycled materials. The corporate officials stated that improving sustainability and the fashion industry is our goal.

Refurbished Running Shoes Market by Segmentation 

By Shoe Type:

  • Over Pronator
  • Neutral Pronator
  • Supinator

By Application:

  • Male
  • Female
  • Unisex

By Distribution Channel:

  • Online
  • Offline
  • Others

By Region:

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

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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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Touch Controller IC Market is likely to get hold of a revenue of around US$ 3,753.1 million by 2032

Technology improvements in the devices used by end users in the consumer and enterprise markets are driven by the demand for greater user interfaces and space efficiency. As a result of the end-user device market switching to touch screens in response to this demand, there are presently very few device categories that do not use touch displays. Over the projection period, the global touch controller IC market is anticipated to increase at a CAGR of 12%, with revenues rising from US$ 1,213.3 million in 2022 to roughly US$ 3,753.1 million by 2032.

The proliferation of touch screens in the market and the resulting growth of touch screen technology must be complemented by touch controller ICs that act as a control device for touch screens. A touch controller IC is a microcontroller that allows a touch screen to register and analyze user input. The touch controller IC also acts as a link between the device’s processor and the touch screen responsible for most of the device’s I/O functions.

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Touch Controller IC Market: Drivers and Challenges

IoT devices are rapidly adopting by users who increasingly rely on touch screens for an improved user experience. Operating systems and software solutions are also being redesigned to work seamlessly with touch-enabled devices with touch controller ICs.

This in turn is driving the demand for touch screens and touch controller ICs in the market. While touch screens enable features such as improved user interfaces and device space optimization, they are prone to damage and are more expensive than keypad-based systems.

This is why many devices that operate in harsh or industrial environments prefer keypad-based systems over touch controls. The fragile nature of touch screens is hindering the growth of the touch controller IC market.

Touch Controller IC Market: Regional Overview

North American users have the ability to spend and tend to adopt more expensive devices faster than elsewhere. The number of devices per user is expected to increase in the region over the next few years, driving the growth of Touch Controller ICs in the region.

APAC and Europe are also expected to contribute significantly to the touch controller IC market, owing to the growth of industrial automation and the increasing economics of touch screens manufactured by local vendors.

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Touch Controller IC Market: Competitive Landscape

  • Touch Controller IC Market: Major Contracts/Contracts/Acquisitions
    • ST Microelectronics has been selected as the leading game console provider for Nintendo to provide touch controller ICs for its Nintendo Switch products.
  • Touch Controller IC Market: Key Players

Key players in the touch controller IC market include Synaptics Inc., Texas Instruments Inc., NXP Semiconductors NV, ROHM Semiconductors, and Samsung Electronics Co. Ltd., ST Microelectronics, Integrated Device Technology Inc., Analog Devices Inc., Melfas Inc. . and Focal Technology Systems co. Corporation

Regional analysis of Touch Controller IC market includes development of these systems in the following regions:

  • North America
    • USA and Canada
  • Latin America
    • Brazil, Argentina and others
  • Europe
    • EU5
    • North Europe
    • Benelux
    • Poland
    • russia
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC countries
    • Other Middle East
    • north africa
    • South Africa
    • other africa

The report is a compilation of first-hand information by industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, as well as market attractiveness by segment. The report also maps the qualitative impact of various market factors on market segments and regions.

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Key Segments Profiled in the Touch Controller IC Market Survey

By Screen Technology:

  • Capacitive Touch Screen
  • Resistive Touch Screen

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Cloud Analytics Market is estimated at US$ 112 Bn by the end of 2032

The global cloud analytics market has been evaluated in 28.5 billion US dollars In 2021 is expected to reach the evaluation 147.2 billion US dollars By 2032, Future Market Insights (FMI) found in a recent market survey. According to the results, revenue through BFSI grew at a compound annual growth rate of 23% during 2017-2021.

Through cloud analytics, BFSI Verticals prevent fraud, help improve customer acquisition and engagement and target key customers. BFSI uses cloud analytics to reach faster

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The US dominates the Cloud Analytics market throughout the analysis period

The US cloud analytics market is expected to be valued at $51.3 billion by the end of 2032. Revenues through cloud analytics in the US grew at a compound annual growth rate of 22.7% during 2015-2021 and are expected to grow at a growth rate of 15.2% during forecast period.

The dominance of the US in the cloud analytics market is attributed to advanced IT infrastructure and rapid innovations in providing cloud-based analytics solutions with the help of artificial intelligence and machine learning. They are used to provide solutions to clients in analyzing insights from huge sets of data. The absolute dollar growth opportunity in the US cloud analytics market is estimated at $38.7 billion by 2032.

“Key companies in the cloud analytics market are forming strategic alliances to provide analytics solutions to allow organizations to transform data into actionable insights.” Comments an analyst at Future Market Insights.

Cloud Analytics Market: Competition Insights

The major companies operating in the cloud analytics market are forming strategic partnerships to accelerate the development of cloud analytics and deploy analytics solutions across all sectors. Major companies operating in the cloud analytics market include IBM Corporation, Hexaware Technologies Limited, Oracle Corporation, Microsoft Corporation, Google, and Alphabet Inc. , and Salesforce.com, Inc. , and SAS Institute Inc. , Teradata Corporation, MicroStrategy Incorporated, The Hewlett Packard Enterprise Company, SAP SE, Atos, Cloudera, Hitachi Vantara Corporation, ThoughtSpot, Qilk, GoodData, Alteryx, Yellowfin, Pyramid Analytics, Board International, Hewlett-Packard Enterprise, AWS, Domo, Sisense, and Looker.

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Here are some of the recent developments by the major Cloud Analytics providers:

In February 2022, Teradata has partnered with Microsoft to integrate the Teradata Vantage data platform with Microsoft Azure. The goal of the partnership is to modernize the data analytics workload of companies, implement their cloud strategies and solve challenges in data analytics together.

In January 2022, IBM Watson Advertising announces AI-powered weather analytics offerings for AWS data exchange. Weather data sets help users analyze how weather affects consumer buying across various categories and harness deep insights to help businesses make confident and insightful decisions.

In November 2021Informatica, a leading cloud data management company, has launched state-of-the-art cloud analytics software on Microsoft Azure. The platform is provided to joint customers with Microsoft and Informatica PowerCenter, who need to migrate their on-premises data warehouse and ETL workloads to IDMC on Azure and Azure Synapse Analytics.

In May 2020Oracle announces Oracle Analytics for Cloud HCM to deliver ready-to-use workforce analytics to Oracle HCM customers. Oracle Analytics for Cloud HCM strives to provide companies and analysts with greater insights into workforce composition and a comprehensive view of enterprise data.

Likewise, recent developments regarding companies involved in cloud analytics have been tracked by the team at Future Market Insights, available in the full report.

More insights available

Future Market Insights, in its new presentation, provides an unbiased analysis of the Cloud Analytics market, presenting historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The study reveals significant growth in the cloud analytics market in terms of solutions (Cloud BI tools, hosted data warehousing solutions, complex event handling, enterprise information management, enterprise performance management, governance, risk and compliance, analytics solutions), deployment type (general cloud, cloud private, hybrid cloud), enterprise size (SMEs, large corporations), vertical (BFSI, retail and consumer goods, healthcare and life sciences, media and entertainment, government, telecommunications and information technology, research and education, energy, manufacturing and others), cross Five regions (North America, Latin America, Europe, Asia Pacific, Middle East and Africa).

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Key Segments Covered In Cloud Analytics Industry Survey

Cloud Analytics Market by Solution:

  • Cloud BI Tools
    • Cloud Based Data Integration Tools
    • Cloud Based Reporting and OLAP Tools
    • Cloud Based CRM Software
  • Hosted Data Warehouse Solutions
  • Complex Event Processing
  • Enterprise Information Management
  • Enterprise Performance Management
  • Governance, Risk, and Compliance
  • Analytics Solutions
    • Cloud Based Predictive Analytics
    • Cloud Based Spatial Analytics
    • Cloud Based Video Analytics
    • Cloud Based Text Analytics
    • Cloud Based Speech Analytics
    • Cloud Based Web Analytics
    • Cloud Based Machine Analytics

Cloud Analytics Market by Deployment Type:

  • Public Cloud Analytics
  • Private Cloud Analytics
  • Hybrid Cloud Analytics

Cloud Analytics Market by Organization Size:

  • SMEs
  • Large Enterprises

Cloud Analytics Market by Vertical:

  • BFSI
  • Retail and Consumer Goods
  • Healthcare and Life Sciences
  • Media and Entertainment
  • Government
  • Telecom and IT
  • Research and Education
  • Energy
  • Manufacturing
  • Others

Cloud Analytics Market by Region:

  • North America Cloud Analytics Market
  • Latin America Cloud Analytics Market
  • Europe Cloud Analytics Market
  • South Asia Cloud Analytics Market
  • East Asia Cloud Analytics Market
  • Oceania Cloud Analytics Market
  • Middle East & Africa Cloud Analytics Market

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Skills Management Software Market a projected CAGR of 8.2% during 2022 – 2032

The global Skills Management Software Market was valued at US$ 328.5 Mn in 2021 and is expected to reach US$ 800 Mn by 2032, find Future Market Insights (FMI) in a recent market survey. As per the findings of the report, Large Companies, among all other companies will garner significant demand in the market as the bulk of revenue will be generated through them.

The need to organize the workforce in the most efficient way propels the Global Demand for Skills Management Software

Post pandemic the need to organize the new workforce is one of the most important and difficult challenges faced by most organizations. Post pandemic, nearly 69% of firms are focusing more on skills management than they did pre-pandemic.

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This increased the demand for Skills Management software in the market. The survey also says that since the end of 2019, more companies are increasing their investments in Skills Management Software. For most companies, the investment in skills management software is more than a one-time investment.

Skills Management Software Market: Competition Insights

The key companies operating in the Skills Management Software Market are Softworks, AG5, Gloat, Skillnet, Retain, Kahuna, CABEM Technologies, Centranum, MuchSkills, Pluralsight, Visual Workforce, SkillsTX, TalentQuest, CompetencyCore, SkillStation, viSkills, EmployPlan, TalentGuard, iCombine, WebMentor Skills, Sympa, PickYourSkills,

Some of the recent developments by the key providers of Skills Management Software are as follows:

  • In May 2022, AG5’s team raised US $ 1.4 Mn in their recent investment round from Tech Investor Peak. They plan on using the fund to develop their skill management software further and make it available worldwide.
  • In May 2022, EmployPlan introduced EmployPlan 2.0, the most user-friendly multi-project resource planning platform available. EmployPlan reduced the amount of time-consuming administrative work required to handle resource management to a minimum by using a responsive modern user interface.
  • In June 2021, Gloat secured US$ 57 Mn in funding, which it will use to continue business development as well as to add more features to its own platform. For instance, it will use this money to expand into more contractor openings, create more opportunities for secondments at other companies, and include front-line positions in addition to the knowledge worker roles that the AI is currently optimized for.
  • In October 2021, Real-time skills gap analysis has become much simpler because of MuchSkills’ most recent release of skills and competency mapping software. The MuchSkills 3.1 upgrade makes it simple for teams and organizations to spot skill shortages that can have an impact on performance with the aid of intelligent filters and meaningful data visualizations. They can then utilize this information which includes the number of employees by skill and skill level to find chances for upskilling, reskilling, or hiring.
  • In September 2021, Skillnet announced the expansion of their geographical territories with the launch of their Mexico Subsidiary. The company believes that it will help them expand their customer base as they can now serve customers in Mexico and Central and Southern America.
  • In March 2021, Intelligent Role Studio (IRS), an Artificial Intelligence powered solution that combines deep subject matter expertise with algorithmic intelligence, was launched by TalentGuard.

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Key Segments Covered In Skills Management Software Market Survey

Skills Management Software Market by Type:

  • On Premises
  • Cloud-Based

Skills Management Software Market by Application:

  • Large Companies
  • Small and Medium-Sized Companies

Skills Management Software Market by Region:

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

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Network Function Virtualization (NFV) Market is likely to reach a valuation of nearly US$ 7.8 Bn by the end of 2032

The global network function virtualization (NFV) market was estimated to be worth US$ 3.9 billion in 2021 and is anticipated to increase to US$ 7.8 billion by 2032, according to a recent industry report by Future Market Insights (FMI). The report’s conclusions show that telecommunication applications will remain essential since they will generate the majority of market income.

Between 2022 and 2032, the market for telecom applications is projected to expand at a CAGR of 6.6%. The recent spike in the transition to 5G network services is one of the main elements causing the growth in revenue from telecommunication apps.

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US to Command the Larger Proportion of Network Function Virtualization Market throughout the Analysis Period

The US commands 35.9% of the market share and is expected to retain that position intact with an absolute opportunity growth of US$ 1.3 Bn to reach a valuation of US$ 2.8 Bn by 2032. By 2023, data network traffic in the U.S. would is projected to witness an extensive surge of 294.9% to reach the value of 98.6 Mn Exabytes per month.

Network Function Virtualization (NFV) Market: Competition Insights

Currently, Network Function Virtualization (NFV) manufacturers are largely aiming at adopting strategies such as mergers, acquisitions, and partnerships. They are working towards finding a balance between expanding their product portfolio and capitalizing on the growing market demand.

The key companies operating in the Network Function Virtualization (NFV) market include CommScope Holding Company Inc., Telefonaktiebolaget LM Ericsson, Comba Telecom Systems Holdings, Amphenol Corporation, Cambium Networks, Tongyu Communication Inc., Laird, Wireless Excellence Ltd., Rosenberger Group, Affirmed Networks, 6WIND, VMware Inc., A10 Networks Inc., and Allot Ltd.

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The key recent developments of Network Function Virtualization (NFV) manufacturers are as follows:

  • In September 2021, the partnership between Comba Telecom Systems Holdings and Telecom Infra Project (TIP) was reinstated and deepened to aid Comba Telecom’s contribution to validating Open RAN radio product offerings, coupled with the simplification and facilitation of the service providers’ procurement processes.
  • In November 2019, an expanded partnership was announced between Nokia Corporation and VMware Inc. for facilitating the easy and better efficient performance of large volume cloud computing operations. It is estimated that this development will benefit the network function virtualization (NFV) services sales for producing integrated solutions.
  • In October 2019, Novel packet-optical switches for 5G Cloud RAN were launched by Nokia Corporation with the utilization of time-sensitive networking (TSN) designs.
  • In October 2019, a collaboration was finalized between Telefonaktiebolaget LM Ericsson and Nvidia Corporation for aiding in its 5G radio access networks (RAN). This partnership has enabled both companies to shift their focus on the creation of technology enabling communication service operators in the establishment of virtualized 5G RANs as part of it.

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Key Segments Covered In Market Survey

The Network Function Virtualization (NFV) Market is segmented based on type, polarization, diameter, frequency range, application, and region.

By Type:

  • Parabolic Antenna
  • Flat Panel Antenna
  • Yagi Antenna

By Polarization:

  • Single-polarized Antenna
  • Dual-polarized Antenna

By Diameter:

  • 0.2mm to 0.9mm
  • 1.0mm to 3.0mm
  • 3.1mm to 4.6mm

By Frequency Range:

  • 1.0 GHz to 0.9 GHz
  • 10.0 GHz to 29.9 GHz
  • 30.0 GHz to 86.0 GHz

By Application:

  • Telecommunication
  • Commercial/Industrial
  • Military & Defense
  • Satellite
  • Others

By Region:

  • North America
    • The US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
  • The Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Nigeria
    • Egypt
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Colombia

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Sextech and Sexual Wellness Market is likely to reach a valuation of nearly US$ 2.8 Bn by the end of 2032

The Sextech and Sexual Wellness Market was valued at US$ 400 Mn in 2021 and is expected to reach US$ 2.8 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report women segment by end-user will remain pivotal for the market as the bulk of revenue will be generated through this category.

It is projected that the women segment by end-user will account for a CAGR of 18.9% during 2022 – 2032. The increasing awareness regarding sexual wellness and the surge in the cases of sexually transmitted diseases (STDs) is an advantageous attribute for the Global Sextech and Sexual Wellness Market.

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The US to Command the Larger Proportion of Sextech and Sexual Wellness Market throughout the Analysis Period

The U.S. commands 29% of the market share and is expected to keep that position intact with an absolute opportunity growth of US$ 821 Mn to reach a valuation of US$ 650.1 Mn by 2032. Owing to the rapidly increasing cases of sexually transmitted infections (STIs), the Sextech and Sexual Wellness market is likely to be benefitted in the region

Sextech and Sexual Wellness Market: Competition Insights

Currently, Sextech and Sexual Wellness manufacturers are largely aiming at adopting strategies such as mergers, acquisitions, and partnerships. They are working towards finding a balance between expanding their product portfolio and capitalizing on the growing market demand. The key companies operating in the Sextech and Sexual Wellness market include Aireal, Alphabet, Apple, Atheer, Facebook, SkiiMoo Tech, Coral, MyMuse, Giddy, Erika’s Confession App, Dame, Revaginate, Handi, Maude, Perfect V, Fur, Lovehoney Group, Doc Johnson Enterprises, Reckitt Benckiser Group Plc., HLL Lifecare Ltd., Karex Berhad, TENGA Co. Ltd., By Adam & Eve Stores, LifeStyles, BioFilm Inc., Bijoux Indiscrets, Intimate Organic, FUJI LATEX Co. Ltd., and Emjoy.

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The key recent developments of Sextech and Sexual Wellness manufacturers are as follows:

  • In July 2022, ‘It’s A Match’, one of its kind liquid vibrator was launched by Bijoux Indiscrets aiming toward female sexual wellness.
  • In July 2022, Lovehoney Group launched a virtual sexual wellness space in the Metaverse. The rationale behind its launch is the availability of a safe, personal and private space for consumers in order to go through sexual wellness products.
  • In June 2022, Reckitt Benckiser Group Plc., officially collaborated with Amazon Advertising for testing, identifying, and enhancing their brand reach and consumer portfolio. Additionally, they have also partnered with Amazon Business in order to avail its website and e-commerce portfolio to further its consumer reach.
  • In June 2022, TENGA Co. Ltd. announced the launch of the new lineup of SD CUPs and the renewal of its existing U.S. CUPs with enhancements and additional features for further customer satisfaction and convenience.

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Key Segments Covered In Market Survey

The Sextech and Sexual Wellness Market are segmented based on distribution channel, end user, and region.

By Product:

  • VR Porn
  • Bluetooth Enabled Sex Toys
  • Pornography Video Scripting
  • Remote Sex Interfaces
  • Sex Robots

By Distribution Channel:

  • Specialty Stores
  • Direct Sales
  • Online Stores

By End User:

  • Men
  • Women
  • LGBT Community

By Region:

  • North America
    • The US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
  • The Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Nigeria
    • Egypt
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Colombia

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