Allergen Free Food Market High State Of Affairs, SWOT Analysis, Business Summary & Forecast 2030

The global allergen free food market size is anticipated to reach US$ 75.67 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market is expected to depict a strong positive growth trajectory at 8.6% CAGR between 2020 and 2030.

As per FMI report, the global allergen free food market is estimated to surpass the valuation of US$ 46.4 Bn by the end of 2020. The industry is well positioned to register at least 4% higher growth rate than the overall food & beverage sector.

The combined attribute of behemoth size and rapid growth has captivated leading companies in global food & beverages sector as well as new entrants. This has created perplexed consumer preferences, and brands experience challenge in creating a differentiator in the global allergen free food market.

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It includes in-depth insights into the allergen free food market. Some of these are:

  • The estimated value of the market was at US$ 31,967.7 Mn in 2020. Through the course of the report’s forecast period, the market is projected to show an exceptional pace of growth.
  • North America accounts for a dominant share in the allergen free food market. Europe also holds a sizable market share. East Asia is bound to offer business opportunities to emerging market players.
  • Key players are likely to focus on product innovations and manufacturing technologies to widen their reach in emerging markets.
  • Digital advertising and adoption of online sales channel to attract the millennial and Gen Z consumers are some of the key strategies of market players.

“The demand for allergen free food is expected to rise amidst the COVID-19 outbreak as consumers are striving to maintain a strong immunity to tackle the disease. Furthermore, revival of world economy would also result in increase of per capita income, which in turn will give impetus to market,” said a lead analyst at FMI.

Growing Health and Wellness Trend and Rise in Food Fortification will Drive Growth

Consumers have become quite health conscious and majority of them spend a significant portion of their disposable income on fitness and well-being. They have also become increasingly aware that along with exercise, a proper diet is necessary to achieve physical fitness.

Food fortification is enrichment of everyday foods with essential proteins, vitamins, and minerals. Consumer preference for such foods is a result of various factors such as rising incidence of lifestyle-related diseases and weight management.

High protein foods aid in maintaining consumer health. Gluten-free bakery products and snacks comprising protein and vitamin ingredients are gaining popularity among consumers. Thus, the trend food fortification is rising, which will in turn support the expansion of the allergen free food market.

The demand for organic food products is rising at a higher pace than supply, creating a gap between the demand and supply of organic food. Consumers are looking for produced without the use of any kind of fertilizers, pesticides, and chemical processing. Such farming and manufacturing practices are linked to deterioration of human health and environment.

The organic vegetables and fruits market happens to be the fastest growing one in the global food market. This is indicative of rising prospects for the sales of preservative-free, GMO-free and other allergen free food products.

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Who is Winning?

Some of the key players operating in the allergen free food market are Abbott Laboratories, Nestle SA, Danone SA, General Mills, Kellogg Co., Kraft Heinz Company, Mead Johnson Nutrition Company, and Boulder Brands,  Inc.

Due to the increasing competition, manufacturers are focusing on product portfolio expansion and improving product traceability. Besides this, some of the leading companies are focusing on entering into collaborations with regional/local manufacturers in the growing markets.

Get Valuable Insights into Allergen Free Food Market

Future Market Insights, in its new report, presents an unbiased analysis of the global allergen free food Market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. In terms of type, the market can be segmented into salad dressing, & mayonnaise. Based on applications, the market can be classified into food service, home-usage, and industrial. Regionally, the market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

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Allergen Free Food Market Outlook & Key Findings

  • FMI forecasts the market for allergen free food  to grow at an impressive 8.6% CAGR between 2020 and 2030
  • Weaker brick & mortar retail inventory in first half of 2020, pushed consumers to online stores, which witnessed over 60% amplified demand for allergy-friendly food products
  • Ad Spend in the first half of 2020 on three leading social media platforms increased by an average of 32% by top 50 brand, comparing against the first half of 2019
  • Consumers evaluated brand familiarity, labelling and price of at least three brands before making the final purchase decision, revealed in Buyer’s Journey section of the FMI report
  • Surprisingly, peanut free products were among top three sought after allergen free food product categories, apart from gluten free, dairy free
  • Finding niches and frequent product launch are strategic priority of new entrants in the market, whereas established brands leverages on existing portfolio

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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Plant-based Yogurt Market By Excellent Opportunities, Industry Growth, Size, And Statistics Forecasts Up To 2030

The vegan and flexitarian population is increasing rapidly across the globe. Plant-based yogurts are being perceived as more sustainable and better for the environment as compared to dairy-based yogurts. Plant-based yogurt products are either made from the nut-based milk or cereals, legumes, or seeds based milk.

Nutritional value remains a key factor encouraging the purchase of plant-based yogurts; hence, customers tend to be more on the lookout for ingredients they don’t want in their food. This includes excess sugar or chemical-sounding ingredients. Manufacturers of plant-based yogurt are conducting various researches for the innovation in flavours, taste, and texture. They are making yogurt from several new bases, such as hemp or oat to exclusive flavours like mango and blueberry.

These yogurts are gaining traction in the plant-based food industry, leading to the market’s well-positioned growth.

In 2019, Springfield Creamery, Inc. based in Europe launched oatmilk plant-based yogurt, which is gluten-free and delivers billions of probiotics per serving, the product contains 30-50% less sugar than competitors brands. In 2016, Anita’s Yogurt based in U.S. launched plant-based coconut milk yogurt with three flavours such as mango, blueberry and plain. All the products are free of added sugar, preservatives or additives.

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The FMI study delves deeper into the prevailing dynamics to offer interesting insights into the plant-based yogurt market. Some of these are:

Plant-based yogurt is available in many flavours such as vanilla, blueberry, raspberry, strawberry, and peach among others. The strawberry flavor is expected to grow at a highest CAGR of 14.7% over the forecast period. Europe and North America are expected to remain the dominant markets for plant-based yogurts. Acquisitions and partnerships by big giants will give significant impetus to the plant-based yogurt market across these regions. Consumers are seeing organic plant-based yogurts as a nutritious and healthy option to conventional yogurts. Organic plant-based yogurts are expected to witness high CAGR of 13.1% over the forecast period.

Consumers are becoming more aware of healthier ways of living. As a result they prefer eating healthy and spending more on functional food than to spending on medical treatments. Increasing focus on health and wellness among consumers due to COVID-19 outbreak is expected to provide pace to plant-based yogurt market over the forecast period.

“Plant-based diet is trending and manufacturers are capitalizing on this opportunity by offering delicious plant-based yogurts in the market. The plant-based yogurt is becoming a promising alternative to conventional yogurts and are likely to witness significantly high demand in the coming years. Manufacturers are focussing on product quality, product innovations, and consistent product availability. They are also partnering with various retailers to make their products available across the world.” said a lead analyst at FMI

Increasing Demand for Plant-based Products Boosts Growth Prospects 

Plant-based yogurts are manufactured from sources such as legumes, seeds, nuts and grains, especially from soy, coconut, almond, and oats, which are all plant-based. Since the demand for plant-based ingredients and products is skyrocketing in the food and beverage industry, the non-dairy yogurt market is expected to witness significant growth.

Besides this, the increasing incidences of health issues associated with dairy products, increasing vegan and flexitarian population, and growing concern about animal welfare is leading to increasing market prospects for plant-based yogurts.

According to the Plant-based Food Association, in 2019 plant-based yogurts generated maximum sales in U.S. than other plant-based products such as milk, cheese, and butter among others. According to a Forbes report, animal milk and dairy products sales are declining rapidly with almost 11% drop as predicted in sales between 2015 and 2020.

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Market Segmentation

The global plant-based yogurt market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Nature

Conventional Organic

Product Type

Cereal Type Oat Rice Corn Spelt Legume Soy Pea Peanut Lupin Chick Pea Nut Almond Coconut Hazelnut Pistachio Walnut Cashew Pili Nut Seed Sesame Flax Hemp Sunflower Pseudo Cereal Quinoa Teff Amarnath Cassava

Flavour

Regular Vanilla Strawberry Blueberry Cherry Peach Raspberry Coconut Coffee Others

Price Range

Economic Mid-Range Premium

Sales Channel

Food Service Retail Modern Trade Convenience Stores Specialty Stores Discounters Independent Small Groceries E-commerce Others

Global

North America Latin America Europe East Asia South Asia Oceania MEA

Who is winning?

The plant-based yogurt market is consolidated with ~70%of its share belonging to tier 1 players. Although several new manufacturers have entered in the market, largest share of the market remains with top manufacturers, mostly belonging from the Europe and U.S. Manufacturers are engaging in increasing their product portfolio by expanding their operations to other regions by strengthening their distribution channels.

Furthermore, multinational companies are focusing on expansion of their manufacturing facilities, partnerships, and acquiring local players that would complement their product offerings.

In 2018, The Oatly AB opened its first production plant in U.S. to offer dairy-free products made from oats such as Oatgurt Natural, Oatgurt Vanilla, and Oatgurt Blueberry Raspberry among others to increase its revenue. In 2019, Valsoia S.p.A made a partnership with Nordic food to distribute its plant-based products in Europe. Nordic Foods will distribute 34 products in Romania through hypermarket and supermarket chains. In 2017, Danone S.A. acquired WhiteWave Foods to expand its plant-based product portfolio and strengthen its position in the U.S. plant-based product market.

Get Valuable Insights into Plant-based Yogurt Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based yogurt market, covering historical demand data and forecast figures for the period between 2020 and 2030. The study divulges compelling insights into growth witnessed in the market. Based on nature the market can be segmented into conventional and organic.

In terms of flavour, the market can be segmented into regular, vanilla, strawberry, blueberry, cherry, peach, raspberry, coconut, coffee, and others. Based on product type the market can be segmented into cereal type, legume, nut, seed, and pseudo cereal. Based on price range the market can be segmented into economic, mid-range, and premium. Based on sales channel the market can be segmented into food service and retail. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA.

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Plant-based Yogurt Market Outlook & Key Findings

Future Market Insights (FMI) forecasts a positive outlook for global plant-based yogurt market and projects a CAGR of 10% between 2020 and 2030 Plant-based snacks will secure hot-selling tag as consumers tilt in favor of healthy and vegan diet Over 50% of plant-based yogurt produced last year was derived from nut, finds FMI Despite availability in various flavors, regular plant-based yogurt will remain consumer favorites, accounting for nearly one-fourth of the market Other factors cited by FMI includes rising prevalence of lactose intolerance and a strong desire to align one’s food choices with environmental sustainability

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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Chronic Lymphocytic Leukemia Therapeutics Market Size & Share | Industry Trends Analysis Report for 2026

The chronic lymphocytic leukemia therapeutic market can be segmented on the basis of cancer type, drug type, route of administration and on the basis of region. On the basis of cancer type thechronic lymphocytic leukemia therapeutics market can be segmented into B-cell chronic lymphocytic leukemia, T-cell chronic lymphocytic leukemia and natural killer chronic lymphocytic leukemia. On the basis of drug type the chronic lymphocytic leukemia therapeutics market is segmented into targeted therapy and chemotherapy.

On the basis of route of administration the chronic lymphocytic leukemia therapeutics market can be segmented into intravenous route, subcutaneous route, intrathecal route, intramuscular route and oral route. On the basis of region the chronic lymphocytic leukemia therapeutics market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Higher incidences of leukemia, improved diagnosis and growing disease awareness are the factors determining the growth of chronic lymphocytic leukemia therapeutics market.

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Chronic Lymphocytic Leukemia Therapeutics: Market Dynamics

The food and drug administration has given approval to several drugs used in the treatments of chronic lymphocytic leukemia therapeutics. The drugs for this cancer type are currently in preliminary stage, their introduction in the chronic lymphocytic leukemia therapeutics marketand sales is anticipated to increase the demand for chronic lymphocytic leukemia therapeutics market.

Increased number of biotechnology firm’s research and development in oncology sector, new innovation in drug development, introduction of novel therapies and promising pipeline products are some of the factors driving the growth of chronic lymphocytic leukemia therapeutics market. The cost of treatment and drugs is very much high in chronic lymphocytic leukemia therapeutics market and also many entry barriers and FDA approvals which are restricting the growth of chronic lymphocytic leukemia therapeutics market.

Chronic Lymphocytic Leukemia Therapeutics: Regional Outlook

Geographically, North America accounts for largest share followed by Europe in the chronic lymphocytic leukemia therapeutics market. According to the WHO this cancer is more prominent in developed regions due to factors such as unhealthy lifestyle and genetic factors caused by enhanced radiation which in turn is expected to enhance the chronic lymphocytic leukemia therapeutics market in North America. Moreover, increasing patient awareness, supportive government policies, refined healthcare structure, technological advancements and new product launches are some of the factors anticipated to increase the demand for chronic lymphocytic leukemia therapeutics market in North America.

Presence of unmet needs in emerging countries of Asia Pacific like Japan, India and China, increasing investment in research and development by biotechnology firms, improving healthcare infrastructure are the factors promoting growth of chronic lymphocytic leukemia therapeutics market in this region. Mexico and Brazil are also expected to have significant growth in chronic lymphocytic leukemia therapeutics market owing to high disposable income and developing medical infrastructure and prevalence of leukemia. Rest of the world is anticipated to have steady growth in chronic lymphocytic leukemia therapeutics market.

Chronic Lymphocytic Leukemia Therapeutics Market: Key Players

The major players in the chronic lymphocytic leukemia therapeutics market are AbbVie, Arno Therapeutics, Genzyme Corporation, Gilead Sciences, Johnson and Johnson, Novartis, Ono pharmaceuticals Co. Ltd., Roche AG, Teva Pharmaceuticals, TG Therapeutics, Xeme Biopharma and Ziopharma Oncology, Inc.,

The report includes mergers & acquisitions, recent developments and new product launches of leading players in the chronic lymphocytic leukemia therapeutics market. For instance venetoclax by Roche, in collaboration with AbbVie has received approval from the US FDA for the treatment of this cancer. Genmab A/S and GlaxoSmithKline plc have entered into collaboration agreement for drug Arzerra used in treatment of relapsed chronic lymphocytic leukemia. New collaborative developments, clinical trials and new product pipelines are some strategic initiatives taken by the industries to retain oneself in chronic lymphocytic leukemia therapeutics.

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The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

Chronic Lymphocytic Leukemia Therapeutics Market

Report Highlights:

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

About Us:

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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Mining Shovel Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031 

The global mining shovel market is estimated to create an absolute dollar opportunity of over US$ 10 Bn by the end of 2032. The sales of mining shovels are expected to reach around US$ 7.8 Bn by 2022, exhibiting growth at 2% to 3% CAGR during the forecast period 2022-2032. Increasing emphasis on the development and introduction of advanced mining shovels with innovative technologies such as telematics is anticipated to facilitate the growth in the market.

Mining shovels are mostly electric powered, and are primarily utilized for digging and loading earth, and for the extraction of minerals. Mining shovels are utilized in the surface mining of gold, copper, coal, and other commodities across the globe. Mining shovels are available in a wide range of payload capacities all over the world. They are designed and built to help mining sites move more quantities of material at lower cost per ton. Mining shovels are very difficult to operate owing to their mechanical complexity.

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Due to the rapid industrialization of emerging economies, particularly China and India, there has been significant growth in the demand for mined resources such as coal, iron ore, etc. Thus, it is anticipated that the demand for mining shovels will increase in the near future.

Mining Shovel Market: Dynamics

Globally, the mining industry is cyclic in nature and depends upon the performance of numerous end-use sectors. However, the mining industry in Latin America and North America, primarily in countries such as Peru and Chile, is anticipated to return to its steady phase in the near future, creating opportunities for mining shovel manufacturers across the world, and, in turn, assisting the growth of the global mining shovel market.

Owing to the very high prices of mining equipment such as mining shovels, various end users are opting for rental solutions. This, in turn, is anticipated to hinder the sales of new mining shovels across the globe, and, in turn, acts as a restraint for the mining shovel market.

Prominent manufacturers in the global mining shovel market are found to be involved in merger and acquisition activities in order to enhance their presence in the mining business across the globe. For instance, recently, Komatsu America Corp. completed the acquisition of Joy Global Inc.

Some manufacturers are focussed on the introduction of electric drive mining shovels that feature an advanced zero-emission electric drive motor, in order to provide higher productivity and low cost of ownership through reliability, efficiency, and durability.

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Mining Shovel Market: Regional Outlook

Globally, the mining shovel market is projected to be led by the Asia Pacific region, owing to its prominent share in the mining industry across the globe. Asia Pacific, led by China, is anticipated to account for the sales of a large number of mining shovels. Asia Pacific accounts for more than 3/5 of the global minerals production across the globe. Asia Pacific is expected to be followed by Latin America in the global mining shovel market, owing to the increasing copper mining across Brazil, Chile, Peru, etc. Latin America is anticipated to be followed by North America in the global mining shovel market over the forecast period. The North America mining shovel market is projected to be followed by Europe over the forecast years. The Middle East & Africa is expected to account for a small share in the global mining shovel market, owing to the comparatively low rate of mining activities in the region

Mining Shovel Market: Market Participants

Some of the important companies involved in the mining shovel market include Deere & Company and Hitachi Construction Machinery Co., Ltd., Caterpillar, L&H Industrial, Komatsu Ltd., IZ-KARTEX, and Taiyuan Heavy Machinery Group Co., Ltd., besides others.

Globally, the mining shovel market is projected to be consolidated in nature, due to the presence of a small number of players. A few global players are expected to hold prominent shares in this market.

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

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Installed Base Analysis
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Mining Shovel Value Chain
  • Mining Shovel Technology

Regional analysis includes:

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

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

Mining Shovel Market: Segmentation

The global mining shovel market can be segmented on the basis of payload capacity and mineral type.

Based on payload capacity (metric ton), the global mining shovel market can be segmented into:

  • 20-25
  • 30-35
  • 40-50
  • More than 50

Based on mineral type, the global mining shovel market can be segmented into:

  • Coal
  • Iron Ore
  • Non-Ferrous Metals
  • Industrial Minerals
  • Precious Metals

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

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Low Profile Compact System Closures Market Innovations, Technology Growth and Research | FMI

Considering these needs of consumers and producers, low profile compact system closures and packages exactly fit the bill. Low profile compact system closures have become a very attractive segment of closures in the cosmetics, pharmaceutical and healthcare sector. Closures are used to seal bottles, cans, tubes etc.

Low profile compact system closures maintain the integrity of the product and make possible the preservation of the product. This in turn increases the shelf life of the product. Various materials are used in the manufacturing of closures.

Packaging for products has evolved through the ages witnessing a tremendous shift in design, functionality, aesthetics and convenience. When we talk about convenience, we consider both the consumers, as well as the producers. With respect to the consumers, convenience refers to easy usage, durability, increased functionality and convenient disposal.

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With the ‘on the go lifestyle’ taking over, the aforementioned characteristics hold tremendous weightage. With respect to the producers, convenience refers to low cost of production, less raw material usage, convenient storage and transport, low weight, and aesthetic appeal.

The material used is mainly chosen to accentuate the aesthetics, while also maintaining the functionality of the product. One of the upcoming and most effective closure systems available in the market are the low profile compact system closures.

Low profile compact system closures are perfect for water based and solvent based formulations as this technology maintains the characteristics of the product during use and on the shelf. Low profile compact system closures technology locks the container effectively, thereby retaining the product by prevention of weight loss due to loss of moisture.

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Low profile compact system closures- Market Dynamics

Packaging today demands convenience not only in the functionality of the packaging, but also the storage, transport and disposal. With the rising disposable incomes, personal use products have seen a tremendous rise in demand. This has in turn triggered the supply of the products, and innovations to reduce the total cost of their production and packaging.

By that token, low profile compact system closures have fittingly found their way in the packaging production systems. Low profile compact system closures reduce the overall weight of the packaged product. Weight reduction is achieved due to the less use of raw material in the production of the low profile compact system closures.

In terms of sustainability, less energy is utilized during production, which is a major driver for the growth of low profile compact system closures market. Moreover, Transport of total number of units per truck also increase, which is expected to boost the global low profile compact system closures market growth.

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Low profile compact system closures- Major Players

Some of the key players in the low profile compact system closures are Vetroplas Packaging Ltd., Berry Plastics Corporation, Crown Holdings, Portola Packaging Inc., Silgan Plasic Closures Solutions, Global Closure Systems, Paradigm Packaging Inc., OBerk Company LLC, Reynolds Group Holdings and PolyChem Alloy Inc among others.

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

About Us:

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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Airway Management Devices Market is Expected to reach US$ 1.81 Billion by 2032 | Future Market Insights

The airway management devices market is anticipated to develop from a value of US$ 1.45 billion in 2021 to US$ 1.81 billion by the end of 2028, at a CAGR of 3.2%.

A senior research analyst at the company says, “The well-known complications and contraindications associated with the use of airway management devices market continue to restrict adoption of airway management device types. The subsequent safety concerns are thus leading to frequent product recalls, resulting in the limited growth potential of airway management device landscape at a global level”.

Explaining the market dynamics further, the analyst says, “The companies are however extending strong efforts towards adapting their products to evolving regulatory guidelines and thereby boosting new product launches. While preventing product recalls will remain in the focal point for manufacturers of airway management devices, they continue to primarily witness sustained demand for anesthesia administration”.

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Pre-hospital Settings Are Increasingly Demanding ‘Safer’ Single Use Airway Management Devices

With decently growing demand for emergency medical services and trauma management, the pre-hospital airway management is constantly becoming an imperative segment. With a primary objective to prevent the risks of cross infection, pre-medical settings are generating consistently growing demand for disposable laryngeal masks.

While these airway management devices allow easy insertion and curtail the chances of gastric aspiration, it is more likely that single use airway management devices will witness steady revenue growth in coming years.

FMI Highlights Opportunities for Pediatric Airway Management Devices Manufacturers

In an effort to facilitate the otherwise challenging pediatric airway management, manufacturing companies leading the airway management devices landscape are incorporating an extensive range of cutting-edge technologies in existing devices. The FMI report indicates a chunk of lucrative opportunities residing in the pediatric airway management segment.

  • The Classic Laryngeal Mask Airway (LMA) is currently witnessing notable traction owing to its exceptional efficiency in terms of attaining ventilation in children.
  • The Proseal LMA is likely to enjoy notable adoption in coming years.
  • Recently, Smith Medical launched Protex Bivona FlexTend TTS tracheostomy tubes exclusively for newborns, further covering pediatric patients in the company’s flagship product line.

The FMI analyst also says, “While the airway management space has been witnessing the successful introduction of next-generation endo-bronchial tubes equipped with camera, there is a strong likelihood of fostered product demand for thoracoscopic lung surgeries as well as in robotic surgeries. This and more such technological innovations can potentially uplift the revenue growth scenario of airway management devices market in coming years”.

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Segmentation Analysis by FMI at a Glance

  • EndoBronchial tubes hold over 40% share of the current market value, followed by laryngeal masks, reveals the airway management devices market analysis by the type of product. Nasal airway tubes are projected for a relatively positive revenue growth outlook in the near future.
  • Based on the type of usage, single use or disposable airway management devices continue to command over the major market revenue, in contrary to the reusable airway management devices.
  • While hospitals are identified to be accounting for over 45% market revenue share according to the end user analysis, ambulatory surgical centers also hold a sizable share of the total market value.
  • With more than half of the total market value attained through estimated sales of airway management devices, North America continues to govern the global landscape, led by the US reportedly contributing more than US$ 840 Mn to the market in 2022.
  • Western Europe and Asia Pacific are projected to position themselves as the next important regional markets for airway management devices.

Companies Extend Concerted Efforts on Introducing New ‘Readily Approved’ Products

New product launches currently atop the strategic minds of global leaders in the airway management devices landscape. The key focus area however is to abide by the regulatory standards and achieve approvals in the first go.

Teleflex Incorporated recently announced the launch of LMA Gastro Airway that is a Cuff Pilot Technology-enabled laryngeal mask. While this is the first-ever laryngeal mask that allows facilitated esophageal access, it also promotes the airway control during a range of endoscopic procedures.

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M&A Remains a Favored Strategy for an Edge over Competition

Strategic mergers and acquisitions will also remain an important generator of expansion opportunities for leading players in airway management devices market.

Partial acquisition of Airway Medix S.A. by Teleflex Incorporated that completed in the H2 last year had enabled the former to introduce CSS technology-enabled airway management. This advanced technology product innovation has been the company’s important engine for regional market penetration.

Airway Management Devices Market By Category

By Product Type :

  • Laryngeal Masks
  • Tracheostomy Tubes
  • Endotravheal Tubes
  • EndoBronhial Tubes
  • Nasal Airway Tubes
  • Oral Airway Tubes.

By Usage Type :

  • Single Use/ Disposable
  • Reusable

By End User :

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

By Region :

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

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CBD Oil Market Landscape Assessment By Type, Opportunities And Higher Mortality Rates By 2031

Future Market Insights (FMI) predicts the sales of cannabid oil (CBD) oil market to total US$ 284.2 million by the end of 2021. As per the study, demand will continue rising, enabling the market to exhibit a compound annual growth rate (CAGR) of 31.50% annually, through 2031.

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the CBD Oil Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2030.

The team of researchers at Future Business Insights are focussing on research and market study to produce different CBD Oil 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 CBD Oil Market.

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Key Players

CV Sciences, Medical Marijuana, Aurora Cannabis, Canopy Growth Corporation, Canntrust, Tilray, and Kazmira LLC are the top companies operating in the market.

Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Product Type:

  • Hemp Oil
  • Marijuana Oil

Application:

  • Pharmaceuticals
  • Food & Beverages
    • Gummies
    • Chewing Gums
    • Chocolate bars
    • Candies
    • Beverages
    • Dairy Products
    •  Bakery Products
    • Snacks
  • Cosmetics
  • Others

Distribution Channel:

  • Direct/B2B
  • Indirect/B2C
  • Hospital Pharmacy
  • Retail Pharmacy
  • Hypermarkets/Supermarkets
  • Convenience Store
  • Online Retail
  • Others

 Region:

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

Queries Solved

  • What is the size of the overall CBD Oil 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 CBD Oil Market in the Food and Beverage Market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the CBD Oil Market in the Food and Beverage Market?
  • What is the CBD Oil 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 CBD Oil Market in the Food and Beverage Market?
  • What are the recent trends in CBD Oil Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the CBD Oil Market in the growth of the Food and Beverage Market?
  • What are the key market trends impacting the growth of the CBD Oil Market in the Food and Beverage Market?

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Frequently Asked Questions

  • What is the current valuation of CBD oil market?
  • At what rate did the CBD oil market expand in the last five years?
  • What are the key trends shaping the CBD oil market?
  • What is the Demand Outlook for the CBD oil Market?
  • What is the North America CBD oil market outlook?
  • Who are the leading companies in CBD oil market?
  • What is the cumulative share of top companies in CBD oil market?
  • At what rate will CBD oil sales increase in Europe?
  • Which are the top five countries driving CBD oil market demand?
  • What are the key statistics for CBD oil market in South Korea?

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.

Automatic Fire Suppression System (AFSS) Market 2022 Assessment and Key Insights Analyzed Till 2032

In 2022, it’s expected that sales of automatic fire suppression systems (AFSS) will top US$ 17 billion. Sales are anticipated to increase at a 5% CAGR over the assessment period due to growing worries about the security of professionals working in the industrial and commercial sectors.

The system’s light weight makes it simple to integrate into the vehicles. To manage and put out fires, vehicles also use automatic fire suppression systems. The system is specifically made for vehicles to withstand vehicle vibrations, and it can be used anywhere and at any time without a power source.

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The automatic fire suppression system contains infrared optical detection, fire suppressing storage cylinders, alarm unit and other components to prevent the assets and lives from the fire. There are different types of automatic fire suppression system available such as fire detectors, fire extinguisher and sprinklers.

Global Automatic Fire Suppression System Market: Drivers and Challenges

With the expansion of numerous industries worldwide, particularly in the Asia Pacific, Western Europe, and North America, the demand for automatic fire suppression is rising. The automatic fire suppression system is already in use in a number of sectors, including manufacturing, mining, the automotive industry, and oil and gas.

Implementation of stringent government regulations to create a safe environment by encouraging the installation of automatic fire suppression system market is fueling the growth for the global automatic fire suppression system market. Growing demand for safety features in vehicles in developing countries and above factors are propelling the growth for global automatic fire suppression system market.

Though, the demand for automatic fire suppression system is increasing in the developing countries, the system has low awareness in underdeveloped countries. The automatic fire suppression systems requires higher capital investment, this is inhibiting the growth of the Global Automatic Fire Suppression System market.

Global Automatic Fire Suppression System Market: Overview

The Global Automatic Fire Suppression System market by value is expected to expand at a CAGR of around 7-9% during the forecast period (2015-2025), due to stringent government safety regulations, growing demand from various industries, etc.

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Global Automatic Fire Suppression System Market: Region-wise Outlook

The global automatic fire suppression system market is expectedto register a single-digit CAGR for the forecast period. Depending on geographic regions, the global automatic fire suppression system market is segmentedinto seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of market volume and revenue, Asia Pacific automatic fire suppression market is projectedto register a significant CAGR during the forecast period. Growing demand for the system from industries such as Mining and Oil & Gas, especially in the economies like India and China, is fueling the growth of the global automatic fire suppression system market in Asia Pacific. Western Europe is also forecast to register a significant growth in the global automatic fire suppression system market, due to stringent government regulations to increase the safety.

Global Automatic Fire Suppression System Market: Key Players

Some of the key market participants in global automatic fire suppression system market are Siemens AG, Tyco, Robert Bosch GmbH, Johnson Controls, Honeywell International Inc., Halma PLC, etc.

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

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Unit Dose Tubes Market Industry Overview Research Report: Get Insights FMI

The key factor which will drive the unit dose tubes market is pharmaceutical industry which has the highest demand for such unit dose tubes at present and has potential to grow over the forecast period. With pass of the Drug Supply Chain Security Act in 2013 – and with the deadline for manufacturers having a unique serial code on each package by November 2017, there has been high demand of unit dose tubes amongst pharmaceutical industries for packaging of specific drugs.

According to U.S. government in 2014, there were around 22,000 death in U.S. due to drug abuse, such alarming situation has made pharmaceuticals companies to bent towards unit dose tubes for packaging of certain drug such as opioid based. With unit dose tubes packaging a physician can prescribe such drug only that much which patient must require nothing more.

Pharmaceutical companies are also preferring unit dose tubes for packaging of various drug and vitamins for senior age population who with age find it difficult to remember to take drug as prescribe, such unit dose packaging will be helpful in meeting this gap as it will carry required amount of drug for single use and easy to open and tear.

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Population across globe are rising so as the living space is shrinking, people now are more calculative and particular on spending and selecting on those commodities which they need day to day or for momentarily use. Most of the population in present time look for commodities such as grooming products, toiletries uses and adhesives in unit dose tubes because they just buy it when need arises which can be easily used as much required and no hassle of buying something of larger volume by paying more and then storing it for future usage. Such mindsets among consumers are on rise which will drive the market of unit dose tubes subsequently.

Considering the increasing convenience which consumers look for and trend such as pay per use unit dose tubes marketing has next to none restraints.

Unit dose tubes Market: Regional Outlook

Based on the geographies, global unit dose tubes market is segmented into five key regions — North America, Latin America, Europe, APAC, and Middle East & Africa. Among the aforementioned regions, North America accounts for significant share of unit dose tubes market, owing to the best of medical facilities established there and pharmaceutical companies which drives the unit dose markets primarily. In countries such as U.S., the various companies such as cosmetics and toiletries use offer products in unit dose tubes for convenience of consumer.

North America is followed by Europe for the similar trend alike North America. In APAC region the market of unit dose tubes is booming with increase in population and consumers from this region prefer such packaging for personal care products owing to their change in lifestyle and mindset. In region such as MEA & Latin America the market for unit dose tubes is growing amongst pharmaceutical industries and over the forecast period it has been anticipated unit dose tubes market will grow in other sectors also.

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Unit dose tubes market: Key Players

Some of the major players identified in the unit dose tubes market are, Amcor Limited, LF of America, Reagent Chemical, Unicep, Unette Corporation, Sonic, McKesson Corporation, The Medi-Dose Group, Unit Pack Co., Inc.

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

The Report covers exhaust Analysis on:

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

Regional Analysis includes:

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

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

Unit dose tubes Market: Segmentation

The global Unit dose tubes market is segmented on the basis of applications, end users, and region.

On the basis of applications, the global Unit dose tubes market is segmented into:

  • Pharmaceuticals
  • Cosmetics
  • Adhesives
  • F&B

On the basis of end users, the global Unit dose tubes market is segmented into:

  • Clinics & Hospitals
  • Veterinary
  • Households

Report Highlights:

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

About Us:

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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Personal Protective Equipment Market Research, Segmentation, Key Players Analysis and Forecast to 2032

Cases of the new coronavirus disease continue to mount, and rapidly increasing demands of the pandemic are threatening the health systems globally. In recent times, the demand for personal protective equipment (PPE) comprising of protective gowns, face shields, surgical masks, protective goggles, and disposable gloves is witnessing a significant increase as the disease spreads beyond China – the epicenter of COVID-19 outbreak. Moreover, strong governments’ focus on stockpiling of PPE and about a hundredfold surge in demand are early warning signs of product shortage that may be on the horizon.Get | Download Sample Copy with Graphs & List of Figures:
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Health Organizations Provide Guidelines on Rational Use of PPE to Bridge Demand-Supply Gap

Recognizing the widespread use of personal protective equipment outside patient care by common citizens to safeguard themselves from COVID-19, stakeholders in the supply chain are leveraging this opportunity to raise the competitive price of their products. Despite significant efforts to increase production capacities, supplies are stagnating and the market situation has become severe, mainly due to prolonged closure of factories in China. Additionally, the World Health Organization (WHO) has warned severe and plunging disruptions to the global supply of PPE – driven by misusing, panic buying, and stockpiling – is putting lives at risks of both healthcare workers and patients.

As the inappropriate use and supply shortage of PPE continues, the WHO has put forth several strategies to facilitate optimal PPE availability and normalize the supply chain. Using telemedicine to evaluate suspected cases of COVID-19 and physical barriers to reduce exposure and restricting healthcare workers who are not involved in direct care from coming in contact with COVID-19 patients are likely to minimize the need for PPE. The rationalized use and distribution of PPE along with rapid response to curb the spread of disease is thus expected to bridge the widening gap between supply and demand for PPE.

U.S. Urges Nations to Ramp Up Production of PPE, China to Lift New Export Restrictions on Medical Supplies

North America and Europe remained key markets for personal protective equipment for both medical and industrial applications with major players expanding their presence in developing Asian Pacific countries such as China and India. Rapid industrialization, low operation cost and cheap labor in these countries have been securing a steady supply chain for global market stakeholders. However, the scenario is drastically changing amidst the outbreak of coronavirus and subsequent lockdown of factories. As the U.S. is facing a historic surge in patients seeking care of COVID-19, the government is using federal powers to force local companies to manufacture, urging other countries to accelerate the production of PPE, and seeking to purchase any quantities major PPE-producing countries can spare.

China’s new restrictions on coronavirus-related medical supplies including personal protective equipment – that allows only those manufacturers with accreditation to sell their products with China to export to other countries – came amid growing concerns about quality of various Chinese medical products. However, the country promises to lift the restrictions as several countries are still battling COVID-19 with massive shortfall of essential medical supplies. This, in turn, is expected to influence the growth prospects of the global personal protective equipment market.

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COVID-19 Redirects the Application Scope of Personal Protective Equipment

Governments and health organizations worldwide are increasingly collaborating with manufacturers and suppliers to meet the PPE supply-demand gap. However, these manufacturers are facing significant hurdles due to unavailability of raw materials and outbound logistics amidst expansive lockdown of airlines and restrictions on export activities. In addition to taking critical decisions to normalize the situation, manufacturers are currently stopping the production of industrial PPE such as industrial safety, chemical resistant gloves, and welding helmets and focusing on products for medical applications. However, innovations are on the horizon for smart personal protective equipment to deliver real-time information, minimize exposure to hazards, and enable adjustments with internal and external conditions. Post supply chain normalization, the demand for PPE will continue to grow in line with increasing mining activities and infrastructural development.

PPE Market – Competitive Landscape

A section of the FMI’s report covers detailed profiles of key players active in the personal protective equipment (PPE) market wherein product portfolio, new launches, development strategies, and regional footprint have been provided. Some of these players include 3M Company, Rahman Group, Golden Chang, Oftenrich Holdings Co. Ltd, JSP Ltd., Interspiro, Honeywell Life Safety, Ansell Healthcare Products LCC, Gateway Safety Inc., Wells Lamont Industry Group, Avon Rubber p. i. c., JAL Group, COFRA Holding AG, Avon- ISI, Alpha Pro Tech Ltd., Eurodress GmBH, Bekina NV, Jallatte Group, and Z and V Group.

Segmental Analysis of Personal Protective Equipment (PPE) Market

The FMI study categorizes the personal protective equipment (PPE) market on the basis of product, end-use industry, and region.

PPE Market Analysis by Product

  • Head Protection
  • Eye and Face Protection
  • Hearing Protection
  • Hand and Arm Protection
  • Fall Protection
  • Protective Clothing
  • Profession Footwear
  • Food & Leg Protection
  • Respiratory Protection

PPE Market Analysis by End-use Industry

  • Healthcare
  • Pharmaceutical Manufacturing
  • Food Manufacturing
  • Construction
  • Petrochemicals
  • Power & Energy
  • Oil & Gas
  • Transportation
  • Firefighting
  • Others

Regional Analysis of the Personal Protective Equipment (PPE) Market

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

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About Us

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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