Cellulase Market – Growth, Statistics, By Application, Production, Revenue and Forecast To 2032

In 2022, the global cellulase market is estimated at US$ 1621 Million. The market is likely to reach nearly US$ 3153.1 Million by 2032, with a growing CAGR of 6.9% from 2022 to 2032.

Cellulase is a group of enzymes that helps in the breakdown of the cellulose into smaller carbohydrates. The term Cellulase is also used to describe a mixture of enzymes working together to break down cellulose. Cellulase applications are not just limited to the healthcare and food and beverage industry. Industrial sector has widely adopted cellulase due to its catalyzing effect in cellulolysis

Industry from many centuries has utilized natural resources in the manufacturing of products that we use in our Daily lives. As the industry has expanded and brought in technological innovations, so have the different types of natural resources evolved in the process of manufacturing. Molecules derived from natural sources have become an important part of manufacturing process all over the globe. One of those widely used molecules are enzymes. From wine making to detergent manufacturing, enzymes have been used in myriad applications. One of the most widely used enzymes all over the globe is Cellulase.

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Cellulase Market- Market Dynamics:

Cellulase is widely used in the processing of coffee, especially during the process of drying. Cellulase is also utilized in wine making due to its cellulolytic properties. Cellulase breaks down the skin of the grape and along with it removes tannins and the unpleasant aroma. Cellulase synergistically with other enzymes are also used to make fruit juices. With the exponential growth in the food and beverage industry, we can expect the cellulase market to grow at a healthy CAGR throughout our forecasted period of 2016-2026. Cellulase is also used in industrial applications to produce laundry detergents, cleaning and washing agents.

With the burgeoning rise in the industrial sector, cellulase market is bound to witness an exponential growth throughut our forecasted period of 2016-2026. Cellulase is being recognized as an alternative to anti-biotic in the treatment of biofilms produced by Pseudomonas. With the double digit growth in the global healthcare industry and the struggle against anti-biotic resistant bacteria, we can expect the cellulase market to witness a healthy CAGR throughout our forecast period. Cellulase is also used in the burgeoning paper and pulp industry. The restraints for the cellulase market are that its production is quite costly.

Cellulase Market- Regional Outlook:

In terms of geography, the cellulase market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The cellulase market is expected to exhibit an above average CAGR during the forecast period. Asia Pacific region is expected to witness a high demand for cellulase over the forecasted period. Highest growth is expected to be seen specifically from India and China. Significant growth will also be witness in Middle East and Africa, Eastern Europe and Latin America.

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Cellulase Market- Major Players:

Some of the key players in the cellulase market are Worthington Biochemical Corporation, MP Biomedicals LLC, Sigma-Aldrich Co. LLC, Prozmix LLC, Creative Enzymes, bioWORLD, Amano enzyme U.S.A., Amano Enzyme Inc., Zhongbei Bio-Chem Industry Co., Ltd., Hunan Hong Ying Biotech Co., Ltd.

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.

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 an 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 factors on market segments and geographies.

Cellulase Market- Market Segmentation:

Based on the Source, the Cellulase market is segmented into:

  • Fungi
  • Bacteria
  • Acinomycetes
  • Plants
  • Animals

Based on end use, the Cellulase market is segmented into:

  • Healthcare
  • Industrial
  • Food and Beverages
  • Textile
  • Pulp and paper

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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

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Black Pepper Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2032

In 2022, the worldwide black pepper market is assessed at US$ 4400 Million. The market is probably going to reach almost US$ 7991.9 Million by 2032, with a developing CAGR of 6.2% from 2022 to 2032.

Black Pepper is a pungent hot-tasting powder spice prepared from dried and ground peppercorns, used to flavor food. It is also known as king of spices because it contains rich anti-oxidants and other nutrients. The high demand for pepper presents an attractive market opportunity for new vendors to enter the market. In the present market scenario, it is estimated that the new crop of black pepper accounts for nearly 30% to 35% of the market. The high demand is expected to increase the price of black pepper, thereby increasing the profit margin of the vendors in this market.

Apart from this, black pepper powder is also used to make medicines. It often used to cure stomach upset, bronchitis, and cancer. It is sometimes applied directly to the skin for treating nerve pain(neuralgia) and a skin disease called scabies. Black peppers are also used typically as a counterirritant for pain.

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Black Pepper Market: Drivers & Restraints

The black pepper market is directly influenced by the growing processed food industry. The rise in consumption of bakery products, confectionery products, and ready-to-eat and ried food in the developed economies is driving the market for the spice. The recent trend of using natural flavor enhancer has also catalyzed the growth of the global market. In the year 2013-15, the global pepper consumption is estimated at around 400,000 tons and has been increasing steadily. Increasing demand from Far East countries, which have started using more pepper in cooking, has been quite significant in driving the global black pepper market. Growth in the cosmetics industry is also directly influencing the pepper market. Due to the antioxidant and antibacterial properties of black pepper, it is often included in skin care products.

As stated earlier, that the market is experiencing a major year on year increase in demand for black pepper. But unfortunately, this demand is not backed by adequate supply, which has proved to be a major restraint in this market. This is majorly due to the intensive crop losses in various parts of the world, especially in India & Brazil. Sudden climatic changes and untimely rainfall has significantly led to the fall in the yield of black pepper.

Black Pepper Market: Segmentation

The global black pepper market can be broadly segmented on the basis of; type, end use and application. On the basis of type, the market can be further segmented into – organic and inorganic. Based on end use, the market can be segmented into bakery and confectionery products, frozen products, soups, sauces & dressing, beverages, meat & poultry products, snacks and convenience food, and others. Based of application, the black pepper market can be segmented into food & beverages, health care and personal care & cosmetics.

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Black Pepper Market: Region Wise Outlook

Geographically, the global black pepper market is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East and Africa (MEA) and Japan.

Vietnam, followed by Brazil, India & Indonesia are the leading producer of black pepper in the year 2014 globally.India saw a fall in its average production in the same year. The leverage of large scale production and productivity helps Vietnam growers to offer world’s lowest price tags.

In terms of export, Vietnam leads the market globally. U.S. market continues to be the largest importer of black pepper from Vietnam. While most markets like India, Saudi Arabia, Pakistan, Netherlands, Spain have seen an increase in their imports, except Germany. German market recorded a drop in imports from Vietnam. Thus, with a market share of approximately 50% per cent in the global market, Vietnam has been able dominate the market.

Black PepperMarket: Key Players

Some of the major companies operating in global black peppermarket are Baria Pepper, British Pepper and Spice, Catch, Everest Spices, McCormick, MDH, Agri food Pacific, Akar Indo, Brazil Trade Business, DM AGRO, Gupta Trading, Pacific Production, PT AF, Silk Road Spices, The Spice House, Vietnam Spice Company, Visimex, and Webb James, Olam International Limited.

The report covers exhaustive analysis on:

  • Black Pepper Market Segments
  • Black Pepper Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Black Pepper Market& Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Black Pepper Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Black Pepper Market Drivers and Restraints

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Regional analysis for Black Pepper Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • 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

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Bee Venom Extract Market Share, Revenue, And Average Price By Manufacturers Shared In A Latest Research Report 2032

In 2022, the global bee venom extract market is estimated at US$ 327.5 Million. The market is likely to reach nearly US$ 540 Million by 2032, with a growing CAGR of 5.1% from 2022 to 2032.

Bee venom also known as apitoxin is a colorless and bitter liquid. According to American Apitherapy Association, bee therapy or Apitherapy is the therapeutic usage of products made by honeybees such as bee venom extract and bees. The bee venom treatment uses the venom commencing the bees to treat ailments that do not respond to traditional western medicine. Few of the functions of bee venom are curing arthritis, anti-inflammatory, pain relief, and other claims include acne, psoriasis, and scarring from skin cancer. Almost 10,000 bee stings are required to make one gram of bee venom. This makes venom almost seven times more valuable than gold.

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Global Bee Venom Extract Market: Drivers and Restraints

One of the major factor driving the bee venom market is the extensive usage of the medicinal products. For instance, bee venom is used majorly in Europe from several decades especially for the treatment of rheumatic diseases. The live bees, as well as the venom extracts, are used for the treatment in Europe.

People are also entering the bee venom business as it is one of the most profitable companies and the collector can increase his income by almost 200%. Another major factor, affecting the bee venom market is the innovation in the bee extraction equipment’s which makes it easy for the manufacturers to extract the bee venom from the hive. The device fits under brood chamber of a colony of the bees.

However, the major restraint while collecting the bee venom is the holder techniques and this results in the death of the bee if not handled properly. As a result, dropping its stinger in the collecting device. Earlier the bees were caught when the bees return to their hive. They are given shock waves with electricity and pressed between the rolls so that they sting. However, during this process many of the bees are crushed and also the venom gets contaminated. In another method, the bees are triggered to sting into the plastic or rubber dam.

Global Bee Venom Extract Market: Segmentation Overview

The Bee venom is used in the recovery of many diseases, and few of the major diseases are completely healed. The bee venom is used for the treatment of rheumatic diseases, multiple sclerosis, rheumatic fever, high blood pressure, sciatica, psoriasis, hematomas, various skin conditions, and burns, among other. According to the Russian Institute, the bee venom cures cancer and destroy the AIDS virus. The powder form of venom is gaining traction in the market. The venom bee is costlier and costs around $ 80 per gram. Bee venom has numerous therapeutic applications. The bee venom has a stimulating effect on the heart muscles and also controls the cholesterol levels of the body. Bee venom also has antibiotic properties.

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Global Bee Venom Extract Market: Regional Outlook

The global bee venom market is segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia-Pacific excluding Japan (APEJ), and Japan.   Bee venom is not much used in the U.S. The primary reason being the lack of availably of beehives in the country. Honey bees are never available in sufficient quantities in the country for analysis and clinical testing. Bee venom is mostly used in Russia, Japan, America, New Zealand, and in the eastern countries where their apitherapy is irreplaceable owing to the variety of products offered.

Global Bee Venom Extract Market: Prominent vendors   

Few of the prominent players in the global bee venom extract market are Bee Whisper, ApiHealth NZ Ltd,  Fernz, and Abeeco Pure, among others. Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market.

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 geographies, application, and grades.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis for Market includes

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

Global Bee Venom Extract Market: Segmentation

By Form:

  • Powder
  • Liquid

By Application:

  • Pharmaceutical
  • Cosmetic & Personal care

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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.

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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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Hydrolyzed Whey Protein Market Projected to Record Highest CAGR 8.6% by 2022 to 2032

The worldwide Hydrolyzed whey protein market is supposed to be esteemed at US$ 4,181.3 Million of every 2022, expected to arrive at US$ 9,541.3 Million by 2032. A CAGR worth 8.6% is normal for the market during the 2022-2032 figure time frame. Developing wellbeing cognizance among individuals, an expansion in the quantity of wellness habitats and fitness centers, and an expansion in the accessibility of hydrolyzed whey protein in coordinated retails are factors adding to the development of the Hydrolyzed Whey Protein Market.

The overall global Hydrolyzed Whey Protein market is expected to witness an intangible growth in terms of CAGR. Whey protein is globular proteins mixture that is isolated from whey, which is the liquid by-product obtained from cheese production. Whey protein is used as dietary supplement and is attributed as alternative medicines for many health issues. Whey is the leftover product obtained by milk coagulation during cheese production, which consists of all substances soluble from milk after the pH 4.6. Whey is a 5% solution of lactose in water along with lactalbumin and minerals.

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Hydrolyzed whey is whey protein that is processed by treating it with acid conditions and high heat to isolate the protein. It is typically composed of 90 to 95% whey protein. This process creates small peptides, or bonds that link the amino acids. This, in turn, makes hydrolyzed whey protein easy for the body to absorb.

Global Hydrolyzed Whey Protein Market: Segmentation 

Global Hydrolyzed Whey Protein market can be segmented on the basis of end use, sales channel

Global Hydrolyzed Whey Protein market can be further segmented on the basis of end use into food and beverages, health supplements and pharmaceuticals. Food and beverages segment is further sub segmented into infant foods, bakery, confectionery, functional beverages, snacks and dairy products.

On the basis of sales channel global Hydrolyzed Whey Protein market can be further segmented into direct and indirect. The indirect sales channel can be further sub segmented into Supermarket, hypermarket, specialty stores, drug retail stores and e retailers.

Global Hydrolyzed Whey Protein Market: Drivers, Restraints, and Trends 

The incredible change in lifestyles, raising awareness of health, a surge in consumption of sports nutrition products, bakery and confectionery products is witnessed to expand the growth of global hydrolyzed whey protein market. Furthermore, the rise in demand for dairy products, growing concerns regarding fitness among consumers, increase in the market for pediatric foods are expected to boost the growth of global hydrolyzed whey protein market.

Additionally, growing trends of ready to drink and ready to cook foods, demand for geriatric dietary supplements, and rise in awareness of personal care, beauty consciousness, and bodybuilding are expected to propel the growth of whey protein market. On the other hand, high manufacturing costs and a high price of whey protein, the stringent regulatory framework for the marketing of whey proteins and lack of awareness regarding the benefits of whey protein are restraining of the whey protein market.

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Despite of a numerous drivers for the market, the market still faces a challenge of the growth retardation by certain restraints. One of the most important restraint for the market is the high processing and manufacturing cost of the Hydrolyzed Whey Protein.

There are certain health related concerns with the Hydrolyzed Whey Protein which have hindered the consumers in building a complete trust over the protein powders which stunt the growth of the global Hydrolyzed Whey Protein market. Another important factor which restricts this market to flourish is the stringent regulatory concerns and required certifications for marketing whey protein.

Apart from all these restraints, the rising scope of Hydrolyzed Whey Proteins in infant foods and several other food processing sectors are believed to drive the overall global Hydrolyzed Whey Protein market.

Global Hydrolyzed Whey Protein Market: Regional Outlook 

Depending on the geographic regions, Global Hydrolyzed Whey Protein Market is segmented into seven key regions: North America, Latin America, West Europe, East Europe, Asia Pacific excluding Japan, Japan and MEA.

North America dominates the overall market for Hydrolyzed Whey Protein and holds a maximum share of the global Hydrolyzed Whey Protein market. U.S. is the major market in this region.

Asia Pacific whey protein market is growing rapidly owing to the growing health concerns and increase in the disposable income. Asia Pacific also holds a valuable market share of the global Hydrolyzed Whey Protein market.

The Europe Hydrolyzed Whey Protein market is expected to grow at an average rate owing to the increasing demand of food and beverages in the region.

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Global Hydrolyzed Whey Protein Market: Key Players 

Some of the prominent players of Global Hydrolyzed Whey Protein Market are: Hilmar Ingredients, Fonterra, Saputo, Murray, Leprino food CO., Westland Milk producers, Glanbia Foods, Agropur Inc. and 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 using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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.

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Frequently Asked Questions

What is the anticipated growth of the global Hydrolyzed whey protein market from 2022-to 2032?

Which region is expected to be the most lucrative for Hydrolyzed whey protein market growth?

Which are some eminent players of the global Hydrolyzed whey protein market?

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Amla Extract Market: Development History, Current Analysis and Estimated Forecast to 2032

In 2022, the worldwide Amla Extract Market was esteemed at US$ 39.8 Billion. The market is supposed to reach roughly US$ 77.34 Billion by 2032, with a developing CAGR of 6.9% from 2022 to 2032.

Amla extract is procured from plant species known as Emblica Officinalis and falls under the category of super fruit. Amla or Indian gooseberry, as it may be called, is a fruit primeval to the Indian subcontinent.

With the increase in the demand for amla extract globally, Emblica Officinalis is presently grown commercially in different regions of the world. Amla extract contains carbohydrates, amino acids, iron, calcium, vitamins.

There are many health benefits associated with the regular intake of amla. These include skin rejuvenation, eyesight improvement, strengthening of the immune system, and blood sugar regulation.

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Amla extract is also known for its anti-inflammatory properties. Its richness in vitamin C gives it the power to fight against bacterial and viral ailments, like cold and cough. Alma can also act as an antioxidant that prevents cancer cell development.

Although the jury may still be out on the scientific evidence on some of the health benefits of amla, consumer perception remains positive. And, food and dietary supplement companies are capitalizing on this consumer sentiment by launching amla-extract based products. Use of amla imagery on products, and informative labelling remains a key practice among dietary supplement and functional food companies.

Increasing Applications in Nutricosmetics Creating New Opportunities for Amla Extract Market Players

The broader shift toward plant-based products has also induced changes in the way collagen formulators source ingredients. Amla extracts, especially a patented form, known as Saberry is finding increasing application in nutricosmetics, especially in Japan, China, and South Korea.

In these East Asian countries, the nutricosmetics market is quite mature, and use of amla extracts as a natural ingredient is growing. These developments are not lost on the nutricosmetics market players in the US. Although at a nascent stage, the lucrative potential of nutricosmetics is likely to boost demand for amla extracts during the forecast period.

COVID-19-Induced Spike in Demand for Immunity Boosters Can Lead to Further Fragmentation

The amla extracts market remains highly fragmented, however, the COVID-19-induced spike in immunity boosters is likely to create a frenzied scramble.

Although there are apprehensions that the spike will be short-lived, many experts are of the opinion that the change in dietary patterns will be long-lasting.

India, one of the most lucrative markets for FMCG, has witnessed a 20% to 40% increase in sales of immunity-boosting foods, according to FSSAI. Similar trends are being witnessed in East Asia and Europe.

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‘Purported’ Health Benefits Invite Regulatory Scrutiny

Although there is unanimity over amla’s health benefits, some food processors purport its benefits to critical disease treatment without support of strong scientific evidence.

Many research papers have boosted the case of amla extract market players, as benefits pertaining to skin rejuvenation, digestive health, and immunity boost have been found to be true.

However, on the other hand, use of amla extracts to treat serious diseases is debatable, until concrete evidence is not available in the public domain. Use of such claims by a section of dietary supplement and functional food manufacturers has invited scrutiny by regulatory bodies.

In many cases, amla extract exports have been impacted due to misleading claims. This is especially true for exports from countries where regulations are lax.

Amla Extracts Market: Region-wise Analysis

India remains one of the largest markets for amla extracts globally. Amla extracts have traditionally been used in many Indian households, however, its commercialization, and availability in various product forms has led to further uptake.

In addition to India, countries in South East Asia, and East Asia are also significant markets for amla extracts. The change in consumer behavior due to COVID-19 is likely to fuel further growth in the region.

Outside of these lucrative markets, Europe is steadily emerging as a key region for amla extracts globally. The prevailing factors are likely to push amla extracts demand in Europe.

Amla Extracts Market: Competitive Landscape

  • Sydler Group
  • Ri-Sun Bio Tech
  • Ambe Phyoextracts Pvt. Ltd.
  • Arjuna Natural Extracts Ltd.
  • Patanjali Ayurveda
  • Bhumi Amla, Biomax
  • Taiyo International
  • Archerchem
  • Herbeno Herbals Pvt. Ltd.

The hegemony of India-based manufacturers is likely to continue in the global amla extracts market. However, the relatively easy export route is likely to come under greater scrutiny in the post COVID-19 era.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Global Amla Extract Market Segment Analysis

The global amla extract market can be segmented on the following basis:

Type

  • Pulp
  • Powder

Application

  • Diabetes
  • Radiation protection
  • Skin and collagen
  • Heartbeat

End-User

  • Food and beverages
  • Pharmaceuticals
  • Nutraceuticals
  • Cosmetics
  • Others

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Online Clothing Rental Market is Anticipated to Grow at an Impressive CAGR of 9.2% Between 2022-2032

The global online clothing rental market size is estimated to be valued at ~US$ 2.0 Bn in 2022 and is projected to reach ~US$ 4.82 Billion by 2032, with overall demand growing at a robust CAGR of ~9.2% from 2022 to 2032. The subscription model is becoming a new trend in the clothing rental business. It appeals to retailers who are under pressure to cater to shifting consumer inclinations before certain designs lose favor.

Even with declining garment sales, the clothing rental industry is strolling assortments down the subscription model plans with an end goal to reach its customers. The subscription model does not just give clothing rental organizations experience to potential customers, it creates recurring revenues. However, it can save retailers the expenses associated with traditional brick-and-mortar stores.

The clothing rental subscription and rental market also provide designers with fast insights into shopper’s inclinations. Moreover, the online clothing rental subscription market is extending its customer’s reach by obliging specialty/niche markets. Some of them are adopting innovative strategies to gain traction. For instance, Gwynnie Bee offers rental clothes for plus-sized shoppers – something that has been disregarded by other online clothing rental retailers.

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Meanwhile, Union Station intends to remove the nuisance from buying bridesmaid dresses, which are regularly costly and purchased by the taste and style of the lady, not the wearer. The firm empowers ladies to choose their bridesmaids’ dresses, which would then be able to be returned after they have been dry-cleaned.

Thus, online clothing rental is intended to help the customers curb expenditure on buying new clothes for any special occasion/purpose.

Key Takeaways from the Online Clothing Rental Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of ~11.0% between 2021 and 2031
  • The U.S. has emerged as a highly lucrative market, accounting for nearly 95% of the North America market
  • The U.K. is projected to register 11.8% Y-o-Y growth in 2021, performing exceedingly well within the Europe market
  • Germany and France will continue exhibiting high demand for online clothing rental
  • Within East Asia, the demand for China and South Korea is expected to be higher than Japan

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COVID-19 Causing Disruptions in Online Clothing Rental

Prior to the COVID-19, online clothing rental was set to achieve sustainability, but the pandemic has caused significant disruptions as events such weddings, social gatherings, and other occasions were cancelled due to the imposition of lockdown in various nations across the world.

Companies such as Rotaro, Rent the Runway, and others saw a decline in the number of rental requests. As the online clothing rental companies are primarily event-based, so when there have been no events and people are not going out in the pandemic period which in turn had a profound effect on the clothing rental business.

Who is winning?

Some of the key players operating in the online clothing rental market are Rent the Runway, Rotaro, GlamCorner Pty Ltd., Gwynnie Bee Company, Mine for Nine LLC, Dress Hire AU, ThreadTread, Nuuly, Rent The Front Row LLC, Dress & Go Company, Chic by Choice Company, Style Lend Company, Rent It Bae Company, Mr. & Ms. Collection, The Secret Wardrope, Banana Republic LLC, Le Tote Company, and Lending Luxury, among others.

  • In September 2020, to meet the changing preference/needs of today’s shoppers Rent the Runway implements new clothing subscription model plans which include dry cleaning and rental coverage, free shipping and returns, and members-only discounts. Further, the company is also using sustainable strategies to improve the environment by using recyclable garment bags.
  • In 2019, the Gap Inc. owned company Banana Republic LLC had partnered with CaaStle and launched ‘style passport’ an online rental subscription for women. This would help the company to connect with millennials and Gen Zs who would to experience fashion in a sustainable manner.

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Online Clothing Rental Market by CategoryProduct Type

  • Knitwear
  • Trousers & Jeans
  • Jumpsuits
  • Suits & Blazers
  • Coats & Jackets
  • Skirt & Shorts
  • Ethnic Wear

Business Model

  • Standalone Model
  • Subscription Model

End-User

  • Business-to-Business (B2B)
  • Business-to-Consumer (B2C)
  • Consumer-to-Consumer (C2C)

Consumer Orientation

  • Men
  • Women
  • Kids

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa (MEA)
  • Oceania
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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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Laboratory Ovens Market is Likely to Accumulate a CAGR of 4.4% During the Forecast Period by 2027 | FMI

Although laboratory ovens have been categorized on the basis of their simplicity, many manufacturers in laboratory ovens market are focusing on developing second-tier features such as enhanced reliability and independent temperature safety and shut off. The demand for laboratory ovens is expected to grow at a moderate rate of nearly 4.4% in 2019, according to a forecasted report by FMI (Future Market Insights) on laboratory ovens market, globally.

The average laboratory ovens are expected to become obsolete within the seven years of manufacture and moreover, repair of damaged and old laboratory ovens turns out to be costly and time-consuming.

This in turn makes the purchase of new laboratory ovens cheaper compared to the former method and need for growing awareness regarding the regular maintenance of laboratory ovens gives research institutes opportunities to develop programs regarding the same.

North America to Register Maximum Sales of Laboratory Ovens; To Outpace Europe

North America is projected to hold massive market share in laboratory ovens market by expanding at a steady pace in 2019.

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Dental laboratory ovens is expected to be the major attribute towards the regional growth. With increasing number of dental diseases and dental caries, demand for technologically advanced products comes in play, thereby driving the need for laboratory ovens in the region.

Growing availability of skilled professionals, rising awareness regarding oral hygiene and significantly increasing dental clinics stimulates the growth of North America laboratory ovens market. Moreover, constant advancement in healthcare facilities by U.S. government further propels deployment of laboratory ovens in North America.

Vacuum Ovens to Witness Steady Expansion

Vacuum ovens are expected to hold a quarter share in laboratory ovens market through 2019 with surging demand from forensic, clinical and research laboratories, in order to cater to the growing needs of delicate drying processes such as removing flammable solvents and drying tiny parts.

Manufacturers such as Scientific Digital Imaging plc are taking up immense efforts in expanding their global distribution networks by making strategic acquisitions and are introducing new territories that would help them in reducing manufacturing costs and increase sales. In addition, emergence of vacuum ovens that deliver maximum efficiency in purging solvents such as the butane hash oil, is expected to further dive-in opportunities for expansion of customer-base in laboratory ovens market.

Forensic Laboratories to Hold Bright Future

Forensic laboratories are expected to expand at a moderate pace in the laboratory ovens market in 2019. With increasing number of forensic investigations due to rising number of crime rates such as terrorist bombings and gun violence across the world, demand for laboratory ovens in forensic laboratories is expected to increase.

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Advanced forensic technologies including portable usage of the color chemistry for the purpose of identifying chemical and biological weapons, sensing technologies, DNA-profiling techniques, enhanced extraction of the fingerprints from metals such as gun cartridges and fragments further drives the usage of laboratory ovens by forensics.

Market Segmentation

By Oven Type

  • Gravity Convection
  • Mechanical Convection
  • Vacuum Ovens
  • Cleanroom Ovens
  • Others

By Capacity

  • Small Capacity (Under 2 cu. Ft.)
  • Standard Capacity (2 cu. Ft-6 cu. Ft.)
  • Large Capacity (Above 6 cu. Ft.)

By End-User

  • Biosafety Laboratories
  • Clinical and Medical Laboratories
  • Incubator Laboratories
  • Production Laboratories
  • Research & Development (R&D) Laboratories
  • Others

Key Regions

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Russia
    • Rest of Europe
  • APEJ
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of APEJ
  • Japan
  • MEA
    • GCC Countries
    • Israel
    • South Africa
    • Rest of MEA

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

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Disinfection Equipment Market Will Reach a Valuation of US$ 25.5 Bn Globally by The End of 2030

The disinfection equipment market size will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace. The cleaning & disinfection industry is undergoing significant transformation. The pandemic effect will also be seen in consumer purchasing patterns, with internet sales expanding far more quickly than predicted. The latest research from FMI provides a comprehensive overview of the industry while tracking the worldwide disinfection equipment market in over 20 high-growth regions.

The advantages of ultraviolet (UV) disinfection have been recognised by international organisations all around the world. For instance, in response to soaring demand, the U.S. Environmental Protection Agency (EPA) has allowed UV disinfection for small and medium-sized public water systems.

In addition, EPA views UV disinfection innovations including UV oxidation, medium-pressure UV, and others as “emerging technologies,” which is anticipated to expand market development prospects.

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key takeaways:

Demand from the commercial sector is currently high, but the market for disinfection equipment is expected to soar at a higher pace in the industrial sector over the forecast period.

  • Online market channels will be more preferred in the near future in comparison to physical shops.
  • Disinfection liquid market will reach a valuation of US$ 25.5 bn globally by the end of 2030, as growth continues at an accelerated pace.
  • Thanks to rising demand in South Korea, China, and Japan, East Asia will continue to present profitable prospects.
  • Because UV disinfection is used in so many different industries, it will continue to be in high demand.

“Disinfection equipment manufacturers are massively gaining amid the rising adoption of safety measures to contain the spread of novel coronavirus. While market will continue surging, market players are likely to focus on innovation to gain competitive edge. Several companies are already launching UV disinfection equipment to decontaminate smartphones, cash, masks, among others from germs,” said a lead analyst at FMI.

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Production Surging Amid COVID-19

The production of disinfectant sprays and UV disinfection equipment is surging amid COVID-19. At a time when other markets are struggling to cope with drastic changes in consumer behavior, opportunities across disinfection equipment market have impelled some of the leading manufacturing companies to rethink their portfolios. For instance, companies such as Signify Innovations India, earlier referred to as Philips Lighting India have ventured in disinfection space with the launch of UV-C based portable disinfection unit.

While new strains of coronavirus are causing uproar in the global economy, soaring concerns regarding virus and germs are paving way for entry of startups in the disinfecting space. PhoneSoap, a company dedicated to making devices that clean phones using UV light, has recorded a 1000% surge in growth earlier this year, according co-founder and president of PhoneSoap Dan Barnes.

This figures are clearly indicative of increasing production of disinfection equipment, a trend which is likely to continue through the forecast period.

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Who is Winning?

Disinfection equipment manufacturers are focusing on product launches to gain competitive advantage. For instance, ITC was prompt to launch zero contact “Savlon Disinfectant Spray” in April 2020 to tackle sanitization need around homes.

Garsite, which is a leading producer of aviation refueling has launched its line of disinfecting equipment that offers simple and no-touch application of chemicals to ensure efficient disinfectant distribution.

FMI profiles some of the leading market players. These include Trojan Technologies, Belimed AG, Getinge AB, Advanced Sterilization Products Services Inc, Xylem, Sotera Health, Shinva Medical Instrument, STERIS Corporation, Matachana, 3M Healthcare, Heraeus, BD, Cardinal Health Inc., and others.

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

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Vegan Footwear Market is Expected to Grow at an 8.0% CAGR from 2022-2030

The global vegan footwear market size is estimated to be valued at US$ 42.18 Bn in 2022 and expected to expand at 8.0% between 2022 and 2030. Millennial have emerged as a key demography for the market, demonstrating high willingness to spend on fashion apparel and footwear.

Younger generation are demonstrating impressive eco-consciousness. To an extent this is attributable to social media influence and messages shared by celebrities and their role models across public platforms.

Consumers’ changing mind-set is encouraging them to support brands that respect their values and lifestyle. Additionally, surging consciousness with regards to comfort, eco-friendly material, and sustainable products is favoring production and sales of vegan footwear.

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Future Market Insights’ (FMI’s) report on the market studies various factors enabling growth. It also uncovers hidden opportunities for the market players. Some of the key takeaways from the report are:

  • According to the report, behemoths such as Nike, Inc., Adidas AG, Puma SE, Under Armour, and others are incorporating various recycling programs and introducing new collections of vegan footwear with eco-friendly fires to retain the customers
  • Companies are investing in product designing and innovation to establish a strong foothold in the emerging markets. Simultaneously, they are reducing their carbon footprint which is helping them to lower operating costs. These steps adopted by the companies are improving their brand perception in the market
  • North America is expected to retain its dominance backed by the immense popularity of vegan fashion among millennial. The footwear manufacturing sector is witnessing a strong demand for vegan footwear in the U.S. In Europe the market will gain from the rising demand in the U.K. and Germany
  • Based on product type, the shoes segment holds the highest share in the global vegan footwear market and is expected to exhibit a higher CAGR as compared to other product types
  • The footwear industry is thriving immensely through increased sales via e-Commerce platforms. Online retailing is expected to gain momentum in response to the surging popularity of vegan footwear in the coming years

Rising Demand for Eco-Friendly Shoes Causing Sales Uptick
At present, maximum number of footwear manufacturers are acting in response to the increasing demand for sustainable products and recycled commodities. Some of the leading brands are therefore abandoning the use of fur and leather and replacing them materials used with recycled plastics and polyester, rubber, and others.

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This is seen as a key strategic move among companies to retain existing consumers and attract new ones. Some of them are even reviewing their pricing strategies to gain better traction.
While demand for eco-friendly products will remain the chief growth driver, expansion of the market will remain subdued amid the ongoing pandemic. The unprecedented COVID-19 outbreak has caused significant disruptions in supply chain, compelling brands to focus on leveraging their online presence.

Growth according to FMI, will remain stunted during the pandemic. However, the market is expected to recover soon since consumers are likely to be more cautious about their choices in the post COVID-19 period.

“Keeping in mind shifting preference of consumers, most companies are expected to focus on sustainability. Some of them will also include plant-based materials for manufacturing shoes to gain competitive advantage,” said an FMI analyst.

Who is winning?
Some of the key companies operating in the vegan footwear market are Nike Inc., Susi Studio, Adidas AG, Matt & Nat, Veerah, Hexa Vegan Shoes, AVESU GMBH, Beyond Skin UKamong, Ethletic, MooShoes, and others.

Several vegan footwear companies are spending on promotional activities, expansion of their physical store presence, and entering into a strategic partnership with prominent retailers to cater to growing consumer demand.

  • In 2019, the company Adidas AG, entered into a strategic partnership with an American hip hop group, Beastie Boys and introduced ‘Adidas Skateboarding X’, a vegan sneaker.
  • In 2019, beauty entrepreneur & celebrity tattooist Kat Von D had launched a collection of vegan shoes made of vegan leather made from apples, faux fur, and recycled rubber, etc.

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Global Vegan Footwear Market by Category

By Product Type, Global Vegan Footwear Market is segmented as:

  • Shoes
  • Sneakers
  • Boots
  • Sandals
  • Heels
  • Loafers
  • Others

By Material Type, Global Vegan Footwear Market is segmented as:

  • Microfiber
  • Polyurethane (PU)
  • Recycled Plastics
  • Recycled Polyester
  • Cotton
  • Natural Rubber
  • Hemp

By Pricing Type, Global Vegan Footwear Market is segmented as:

  • Mass/Economic
  • Premium

By End-User, Global Vegan Footwear Market is segmented as:

  • Men
  • Women
  • Kids

By Sales Channel, Global Vegan Footwear Market is segmented as:

  • Direct
  • Indirect

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Personal Mobility Devices Market to surpass US$ 19 Bn by 2030, Says FMI

The personal mobility devices market size to rise at a CAGR of 6% between 2022 and 2030. The market is expected to witness high demand for canes, crutches, wheelchairs, and other devices. Besides this, experts at FMI forecast the sales of mobility scooters to surge, driven by the increasing demand for innovative modes of transport.

Personal mobility devices are in high demand especially among people facing disability or impaired mobility. Heath issues such as physical disabilities, osteoarthritis or fracture can restrict the ability of movement in a person. Personality mobility devices are often used to assist in movement of such individuals.

According to a study conducted by the World Health Organization, the population of people aged 60 years and higher is expected to total 2 billion by 2050, up from 900 million in 2015. It is a known fact that aged population are more vulnerable to diseases and health concerns, which may result in disability.

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As per the Centers for Disease Control and Prevention (CDC), in the U.S. alone nearly 54.5 million people were affected by arthritis between 2013 and 2015. Globally, the number of people reporting disability or activity limitation is increasing. This connotes that it is more likely for the demand for personal mobility devices to surge in the forthcoming years.

Future Market Insights offers insights into key factors prevailing in the market. Some of these are:

  • Driven by higher demand for assistive technologies, the market is forecast to surpass US$ 12 Bn by 2020
  • An increasing number of companies are expected to focus on developing novel products with enhanced features. There will be ample focus towards making these products more affordable to ensure their better accessibility across the world
  • East Asia and South Asia are expected to demonstrate high demand for personal mobility devices backed by the presence of a sophisticated healthcare infrastructure
  • Penetration in consumer markets key to succeed in personal mobility device market
  • Manufacturers of personal mobility devices are moving close to customer vicinity by moving to rapidly growing sales platforms
  • Favorable reimbursement policies on purchase and rental of personal mobility devices will aid expansion of the market in the coming years

Who is winning in Personal Mobility Devices Market ?

Global personal mobility devices market is characterized with sizable presence of large MNCs as well as small star-ups. Concentration of these companies are evenly distributed in Europe, North America and East Asian tech-backed countries.

Some of the leading players operating in the global personal mobility devices market are Stryker Corporation, Invacare Corporation, GF Health Products Inc., Arjo AB, Compass Health Brands, Pride Mobility Products Corporation, Permobil Company, Hill-Room Holdings Inc., Klaxon Mobility GmbH, Briggs Medical service Company, Eurovema Mobility AB, Ottobock Holdings GmbH & Co. KG, Sunrise Medical LLC, TOPRO Ltd., and Drive Medical GmbH & Co. KG, and others.

Acquisition is an important strategy adopted by some of the leading companies operating in the market. For instance in 2017, Permobil Company acquired Comfort Company, which specialized in seating and positioning of mobility devices to expand their service offerings.

In 2020, the company also announced that it is planning to acquire Supportec B.V, a Dutch manufacturer to further expand its seating and positioning solutions.

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Personal Mobility Devices Market Key Segment

Product Type

  • Walking Aids
  • Mobility Scooters
  • Medical Beds
  • Wheelchairs
  • Others

End-user

  • Hospitals & Clinics
  • Long Term Care Centres
  • Households
  • Others

Sales Channel

  • Wholesalers/Distributors
  • Online Retailers
  • Multi-brand Stores
  • Specialty Stores

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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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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