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Lupin Protein Market Set for Remarkable Growth, Predicts US$ 159.7 Million Valuation by 2033

The lupin protein market is anticipated to expand at a 4.9% compound annual growth rate from 2023 to 2033. By 2033, the market is anticipated to determine a valuation of US$ 159.7 million. The market is expected to be worth US$ 98.8 million in 2023.

One of the healthiest foods is lupin protein since it includes amino acids. People who appreciate their health also choose it because of its greater protein content. They are also preferred by folks trying to lose weight because of their high fiber content.

Vegetarianism and veganism are growing in popularity, and plant-based products are being used increasingly often. Customers are starting to buy lupin protein supplements to meet their needs for protein. Consequently, there might be a rise in demand for goods containing lupin protein within the anticipated time frame.

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Key Takeaways:

Market Projection: The lupin protein market is anticipated to grow at a robust 4.9% CAGR from 2023 to 2033, reaching a valuation of USD 159.7 million by 2033, compared to USD 98.8 million in 2023.
Health Benefits: Recognized as one of the healthiest foods due to its amino acid-rich composition, lupin protein is gaining popularity among health-conscious consumers. Its high protein and fiber content make it a preferred choice for those aiming for weight loss.
Plant-Based Trend: With the increasing popularity of vegetarianism and veganism, there is a rising demand for plant-based products, leading to a surge in lupin protein supplements to meet protein needs.
Clean Label Demand: The market witnesses a growing demand for clean-label products, with lupin protein-containing items gaining traction due to clear labeling practices, contributing to market expansion.
Environmental Sustainability: Lupin protein products are environmentally sustainable, contributing to minimal environmental degradation. The cultivation of lupin seeds requires moderately productive soil, aligning with eco-friendly practices.

Market Dynamics:

Gluten-Free Demand: The market for lupin protein products is witnessing growth as a result of increased demand for gluten-free alternatives, positioning lupin protein as a beneficial substitute in gluten-free products.
Adverse Reactions: Despite its numerous benefits, a few instances of adverse reactions associated with lupin products may pose a limitation to market expansion during the forecast period.

Consult with Our Analysts for In-Depth Analysis of the Global Protein Market Trends and Opportunities Across Various Product Types, Nature, End Uses :
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Key Points and Takeaways:

CAGR Projection: The lupin protein market is projected to grow at a CAGR of 4.9% during the forecast period.
Market Valuation: Valued at USD 98.8 million in 2023, the market is expected to reach USD 159.7 million by 2033.
Regional Growth: Europe is anticipated to be the largest market, with the USA lupin protein market advancing at a CAGR of 6.5%. The UK market is projected to grow at a CAGR of 2.6%, while China, Japan, and South Korea are expected to exhibit significant growth.
Product Type: Protein isolates are expected to hold the largest market share, growing at a CAGR of 4.6%.
Nature: Conventional lupin protein products are projected to dominate the market, growing at a CAGR of 4.2%.

In recent years, demand for items with clean labels has skyrocketed. This is a result of consumers’ growing awareness of the value of purchasing genuine goods. Lupine protein-containing products often have clear labelling, which expands their market.

Additionally, using products containing lupin protein ensures little environmental degradation. It eliminates the practise of killing animals for human consumption, which contributes to carbon emissions. Second, lupin seeds can be grown in moderately productive soil. These all suggest that only a small amount of investment will be needed.

Due to the negative effects of consuming gluten, there has recently been an increase in the demand for gluten-free products. Lupin protein products have established themselves as beneficial substitutes for gluten-containing goods, presenting a wide range of business potential.

However, a few instances of adverse reactions have been connected to the use of lupin products. This can limit market expansion during the anticipated period.

Thus, the FMI researchers are of the view that, “the ability to provide requisite levels of protein and fiber, coupled with the increase in the number of vegans and vegetarians, and a plenty of other factors are expected to surge the lupine protein market share during the forecast period.”

Key Takeaways:

The lupin protein market is projected to grow at a CAGR of 4.9% during the forecast period.
The market is valued at US$ 98.8 million in 2023.
The market is expected to reach a valuation of US$ 159.7 million by 2033.
As per the regional analysis, Europe is expected to be the largest market during the forecast period.
USA lupin protein market is expected to advance at a CAGR of 6.5%.
UK market is projected to grow at a CAGR of 2.6%.
China market is anticipated to surge at a CAGR of 6.4%.
Japan lupin protein market is projected to grow at a CAGR of 3.6%.
South Korea market is expected to grow at a CAGR of 4.9%.
Based on product type, the protein isolates segment is expected to hold the largest market share, and is anticipated to grow at a CAGR of 4.6%.
Based on nature, the conventional segment is projected to hold the largest market share, and is expected to grow at a CAGR of 4.2%.

Competitive Landscape:

Key players in the market, including Cargill, Archer Daniels Midland Company, and Glanbia plc, are investing heavily in technological upgrades and research and development to meet the escalating demand for lupin protein-based products.
In October 2022, Barentz International acquired Viachem, enhancing its capabilities in the distribution of life science ingredients and specialty chemicals.

Lupin Protein Market Segmentation

By Product Type:

Protein Isolates,
Protein Concentrates,
Flour,
Other Product Types

By Nature:

Organic,
Conventional

By End Use:

Food Processing (Bakery & Confectionary, Dairy Replacements, Functional Foods, Infant Foods, Meat Alternatives, Other Food Applications),
Animal Feed (Cattle, Poultry, Swine, Pet Food, Aquafeed),
Nutraceuticals,
Sports Nutrition,
Infant Nutrition

By Processing Type:

Dry Processing,
Wet Processing

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Air-Dried Food Market Estimated to Touch US$ 146.4 Billion by 2033: Market Dynamics Explored

By 2022, the market for air-dried food is projected to be worth US$ 92.8 billion, growing at a CAGR of 4.3% between 2022 and 2032.

Market research shows that people are more willing than ever before to pay a premium for healthy food. Air drying food, which avoids the use of chemical additions, helps to maintain nutrients while increasing shelf life.

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Key Companies Profiled

Saraf Foods Pvt. Ltd.
Berrifine A/
La Frubense, BCFoods, Inc.
Nestle S.A.
B-B Products (Australia) Pty Ltd.
FREEZE-DRY FOODS
DMH Ingredients, Inc.
HOWENIA ENTERPRISE CO., LTD

More generally speaking, it is a process of evaporation that helps rid moisture from food thus eliminating the risk of contamination due to bacteria, mold, or yeast.

Foray of novel and advanced packaging technologies is expected to facilitate expansion of the market. Some of the leading manufacturers are adopting these advanced techniques to air dry food and make them available at a commercial scale. Packaging also helps improving the longevity of the food item.

Dehydrating food is practiced in both household and commercial levels. Market today has several machines, both indigenous and high-end, available for dehydrating smaller quantities of food for home consumption. Commercially, some of the leading food producers use air drying techniques to manufacture ready-to-eat and ready-for-consumption packaged foods.

This is another chief driver of the market. According to FMI, despite their hectic lifestyle, consumers are looking for convenient food that have high nutritive value.

Furthermore, awareness pertaining to health and wellness has made them wary about preservatives used in frozen or packaged food. This invariably creates a market, ready to accept the air drying technology that offers better convenience without compromising on the overall quality of food.

FMI in its recent report studies various factors impacting the trajectory of the air-dried food market. It covers factors driving growth and those restraining it. The report also uncovers hidden opportunities for market players. It offers key insights into the market. Some of these are:

Rising commercial application will give tailwinds to the growth witnessed in the air-dried food market
Coffee beans are expected to comprise leading market share in terms of products
Europe is expected to dominate the global market, however, demand from Asia Pacific is poised to surge considerably over the coming years
Air-dried fruits have become a highly popular and high-energy snacking option among consumers

Who is winning?

The global air-dried food market is characterized by the presence of numerous market players, which has rendered it fragmented. Therefore the market is witnessing frequent product launches besides strategic collaborations as companies aim at gaining competitive advantage. Evidently, they are also under pressure to maintain competitive pricing.

FMI profiles some of the leading companies operating in the global air-dried food market. These include DMH Ingredients, Inc., Dehydrates Inc., Berrifine A, La Frubense, BCFoods, Inc., Saraf Foods Pvt. Ltd., B-B Products (Australia) Pty Ltd., Nestle S.A., FREEZE-DRY FOODS, HOWENIA ENTERPRISE CO., LTD.

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Air-Dried Food Market By Category

By Technique, Air-dried Food Market is Segmented as:

Hot Air-dried Food
Freeze-dried Food

By Product, Air-dried Food Market is Segmented as:

Fruits & Vegetables
Herbs & Spices
Meat & Seafood
Others

By Form, Air-dried Food Market is Segmented as:

Powder
Granules
Flakes

By End-user, Air-dried Food Market is Segmented as:

Processed Food Industry
HoReCa Sector
Household
Others

Get Valuable Insights into Air-dried Food Market

Future Market Insights, in its new report, presents an unbiased analysis of the global air-dried 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. On the basis of form, the market is segmented into powder & granule, chunks & pieces, and flakes. In terms of end user, the market can be bifurcated between commercial and household sectors. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia and ASEAN, and the Middle East and Africa

Frequently Asked Questions

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Fish Feed Market Forecasts Consistent 3.5% Expansion until 2033

According to FMI, fish feed market is expected to reach US$ 116,480 million by 2023. It is estimated that the market is poised to reach US$ 163,530 million between 2023 and 2033, representing a CAGR of 3.5%.

Fish feed demand may vary depending on consumer preferences for sustainable seafood products and healthy seafood. Aquaculture practices may have to adapt their feed formulations and production methods as consumers become more aware of their environmental and health impacts.

Advances in aquaculture technology, such as automated feeding systems, precision feeding, and data-driven management, could influence the demand for specialized fish feed products in the market. The demand for specific types of fish feed can be affected by the type of fish farmed. Dietary requirements for different species can influence fish feed composition and formulation.

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Feed formulations that are more efficient and cost-effective have been the result of ongoing research and development in fish nutrition and feed technology. As farmers pursue improved production outcomes and cost-saving measures, demand will increase.

Sustainable aquaculture practices are becoming increasingly important to minimize environmental impact. The ecological footprint of fish farming operations can be reduced by using feed ingredients that are sourced responsibly.

Different species of fish require different levels of nutrition. Creating specialized feeds to meet the dietary needs of farmed fish, including salmon, tilapia, catfish, shrimp, and carp, is driving the demand for fish feed.

Key Takeaways from the Market Study

By 2032, the global market for fish feed is predicted to reach US$ 1,58,000 million.
In 2022, the United States held 25.8% of the global fish feed market.
According to industry estimates, fish feed demand is expected to rise at an average CAGR of 8% between 2022 and 2032.
In 2022, the market for fish feed grew by 6.7% in China.
Towards the end of 2022, Japan was responsible for 4.4% of the global market.
Germany accounted for 13.1% of the global fish feed market in 2022.
The fish feed market recorded a CAGR of 1.6% between 2018 and 2022.

“Plant-based fish feed will continue to be popular as the market for sustainable and organic fish feed grows in the market. Intensified fish farming practices and growing awareness of health and nourishing foods to grow the market.” says an FMI analyst.

Competitive Landscape

A growing number of companies are collaborating with other companies and forming strategic partnerships in order to grow their fish feed businesses. A growing number of fish feed market players are investing heavily in research and development, developing new products, expanding their geographical reach, and forming strategic partnerships.

On April 2023, ICAR-Central Inland Fisheries Research Institute, Barrackpore signed an agreement with Glaucus Agrochem Pvt Ltd for the usage of the floating fish feed “CIFRI Cagegrow”. For a period of five years, ICAR-CIFRI has granted a nonexclusive license for manufacturing and selling its floating fish feed Cagegrow in India. ICAR’s commercial arm, Agrinnovate India Ltd, completed the commercialization process.
On August 2023, Kerala varsity produced fish feed from organic waste. As part of its experimental fish meal production project, Kerala Fisheries and Ocean Studies University (KUFOS) is using organic waste to produce fish meals. A black soldier fly larvae-based project is being developed to produce the organic waste protein needed for fish feed production.

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Know More about What the Fish Feed Market Report Covers

Future Market Insights offers an unbiased analysis of the global fish feed market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the fish feed market, the market is segmented based on product type, form, end-use application, and distribution channel industry type across six major regions.

Market Segmentation

Product Type:

Plant Based
Fish & Fish Products
Microorganism

Form:

Pellet
Granules
Flakes
Sticks
Powder

End Use Application:

Commercial
Household

Distribution Channel:

B2B
B2C
- Store based
- Online retail

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Allergen Free Food Market Predicted to Exceed US$ 102,699 Million by 2034

The allergen free food market size is likely to be worth US$ 50,365.7 million in 2024. The market is projected to reach a valuation of US$ 102,699 million by 2034. The sales of allergen free food are anticipated to expand at a CAGR of 7.4% through 2034. The demand is primarily driven by the increasing prevalence of global food allergies and intolerances among consumers. Factors such as changing dietary preferences, rising awareness about allergen-related health issues, and stringent food safety regulations are contributing to the heightened demand for allergen free food products.

The rising prevalence of food allergies and intolerances among consumers is a significant driver for the allergen free food industry. Increasing awareness about these conditions has led to a growing demand for products that cater to specific dietary requirements.

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Shifting consumer preferences towards healthier and cleaner eating habits drives the demand for allergen-free foods. Consumers are seeking out products with cleaner labels, free from common allergens such as gluten, dairy, nuts, and soy. One major restraint is the higher cost associated with producing allergen-free products compared to their conventional counterparts. This cost factor often translates to higher consumer prices, limiting market penetration.

Ensuring the safety and quality of allergen-free products presents challenges for manufacturers. Cross-contamination risks during production processes and supply chain management require stringent protocols and investments in specialized facilities and equipment. Moreover, advancements in food technology and ingredient innovation offer opportunities to improve the taste, texture, and nutritional profile of allergen-free products. Manufacturers can leverage these innovations to enhance product offerings and gain a competitive edge in the market.

One of the latest trends in the allergen free food industry is the emergence of plant-based alternatives to common allergens. Ingredients such as almond milk, coconut flour, and chickpea-based products are gaining popularity as substitutes for dairy, wheat, and soy. There is a growing trend towards cleaner and simpler ingredient labels, with consumers seeking products made from natural and minimally processed ingredients. This trend aligns with the broader movement towards clean eating and transparency in food labeling, driving innovation in allergen-free product formulations.

Key Takeaways from the Allergen Free Food Market:

The United States’ allergen free food industry is poised for substantial growth, with a projected CAGR of 8.6% through 2034.
Germany’s allergen free food industry is anticipated to experience robust expansion, boasting a CAGR of 10.3% through 2034.
Italy’s allergen free food industry is expected to witness steady growth, with a projected CAGR of 8.3% through 2034.
France’s allergen free food industry is set to soar, with a forecasted CAGR of 11.4% through 2034.
The United Kingdom’s allergen free food industry is positioned for remarkable expansion, with an expected CAGR of 12.6% through 2034.
The conventional allergen free food segment dominates the industry with a share of 86.1% in 2024.
Edible oil emerges as a dominant segment, with a share of 21.5% in 2024.

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Competitive Landscape of the Allergen Free Food Market

Companies in the allergen free food industry strive to innovate and differentiate their products to meet the diverse dietary needs of consumers with food allergies and sensitivities. They invest heavily in research and development to formulate allergen-free products that are safe, delicious, and nutritious, leveraging advanced technologies and ingredient-sourcing methods to maintain a competitive edge.

Strategic partnerships play a crucial role in shaping the competitive landscape of the allergen free food industry. Collaborations between food manufacturers, allergen-free certification organizations, and retail partners ensure the credibility and accessibility of allergen-free products.

Companies forge alliances with organizations to obtain certifications and endorsements that validate the safety and quality of their products, enhancing consumer trust and brand reputation. Moreover, partnerships with supermarkets, health food stores, and online platforms enable companies to expand their market reach and distribution networks.

Market leaders invest in robust marketing campaigns to raise awareness about their allergen-free product offerings and differentiate themselves from competitors. They leverage various channels, including social media, digital advertising, and influencer partnerships, to communicate their brand message effectively and engage with consumers.

Recent Developments in the Allergen Free Food Market

Abbott Laboratories has introduced a new product called Alimentum Ready-to-Feed, a hypoallergenic baby formula free of cow’s milk protein, soy, maize, and gluten. The medication is intended to aid newborns who have severe food allergies or colic-related to protein sensitivity.
Kellogg Co. acquired Chicago Bar Company LLC, which manufactures RXBAR protein bars that are gluten-free, soy-free, and dairy-free, and have no added sugar, artificial flavors, or preservatives. Kellogg’s assortment of nutritious and portable snacks has grown due to the purchase.
Nestle recently acquired a controlling share in Terrafertil, a Latin American firm that manufactures and distributes organic and vegan foods including goldenberries, quinoa, chia, and chocolate. The purchase will increase Nestle’s footprint and range in the rapidly expanding plant-based and allergen free food category.

Key Segments

By Nature:

Organic
Conventional

By Product Type:

Beverages
Chocolate
Processed Meat & Poultry
Others
Edible Oil
Frozen Meals
Tofu & Seitan
Tempeh
Processed Milk Products
Mayonnaise
Tortilla
Natto
Snacks
Pasta
Infant Formula
Bakery Products
Cereals & Grains
Flour Mixes
Dairy and Dairy Products

By Form:

GMO Free
Sugar Free
Gluten Free
Lactose Free
Dairy Free
Meat Free
Preservatives-Free
Caffeine-Free
Soy Fee
Nuts Free
Others

By Sales Channel:

Modern Trade
Specialty Stores
Convenience Store
Direct-to-Customer Channels
Online Retailers
Other Sales Channel

By Region:

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

About Future Market Insights (FMI)

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Global Polyamide Resins Market Projected to Surpass US$ 6.7 Billion by 2032, Fueled by Sustainable Shifts and Innovative Applications

The global polyamide resin market is expected to reach around US$ 6.7 billion in revenue by 2032, up from US$ 4.6 billion in 2022, and at a CAGR of 3.5% during the forecast period (2022-2032).

The replacement of polyamide resins with traditional resins and the increasing popularity of bio-based polyamide resins are playing a key role in increasing demand for polyamide resins. Apart from that, the sales of polyamide resins increased sharply due to the increasing adoption of recycled polyamide resins during the forecast period.

Polyamide resins are a type of micro-molecular polycondesed compound, which prepared by the vegetable oil at the presence of unsaturated fatty acid dimer and polyamine. Polyamide resins have active groups, hydroxyl groups, and amide.

Primarily, it acts as curing agent and plasticizer for epoxy resins due to having a wide range of properties such as – flexibility, water resistance, wear resistance, corrosion resistance, better insulation and adhesion properties, etc. The polyamide resins are available in pellets as well as liquid form.

On the basis of its functional group, polyamide resins have two types which are – dimer acid–based (DAB) polyamide resins and polyamide-epichlorohydrin resins. Polyamide resins have a wide range of application across numerous end-use industries such as automotive, chemical, fiber, textile, electronics and electrical, inks, and among others

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Global Polyamide Resins Market: Market Dynamic

The versatility of the flexographic printing market is a key factor which fuels the growth of the global polyamide resins market. In spite of e-books and internet having increased tremendously from last decade, the demand for magazines, newspapers, books, is also growing on a sound rate.

The demand from paper print sector will in turn fuel the global polyamide resins market growth. Additionally, polyamide resins demand is also expected to be augment form its use as a paper based packaging material whose end usage has rapidly grown in the recent times.

Polyamide resins have superior properties such as it provides the high clarity to the printing. Owing to this, polyamide resins mostly preferable in the flexographic printing inks. Other advantages associated with polyamide resins are – it enhances gel recovery, has effective anti-blocking properties, water resistance properties, ester resistance properties, etc. All aforementioned advantages further drive the global polyamide resins market over the forecast period i.e. 2022-2032.

However, the stringent environmental regulations on polyamide resins will hamper the global polyamide resins market growth. For instance, polyamide resins listed under the various regulations such as – Toxic Substances Control Act (USA), Domestic Substances List (Canada), The Philippine Inventory of Chemicals and Chemical Substances (Philippine), Australian Inventory of Chemical Substances (Australia), Existing and New Chemical Substances (Japan), and China’s chemical inventory of existing chemical substances, etc.

Global Polyamide Resins Market: Regional Outlook

Geographically, Europe is anticipated to be a significant platform for polyamide resins manufactures as it accounts around 60% market in term of label manufacturing which consumes ink in a huge volume. Further, Asia Pacific is expected to witness the maximum growth in term of polyamide resins primarily due to the growth in the automotive and chemical industry in the developing economies such as India and China.

The demand for polyamide resins expected to upsurge in developing economies due to increasing disposable incomes, changing lifestyle which has increased the usage of packed food in these countries, growing retail industry, etc. Furthermore, North America and Middle East & Africa expected to grow at a moderate growth rate towards the end of the forecast period

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Global Polyamide Resins Market: Industry Participants

The global polyamide resins market is a highly fragmented market owing to the presence of small as well as international market players at the regional level. Few of them are identified across the value chain of polyamide resins market which is – Solvay SA, Toyobo Co., Ltd., Mitsubishi Chemical holdings, The Ensinger Group, Merck KGaA, RI Chemical Corporation, Gabriel, MPD Industries Pvt. Limited, Arizona Chemical, The Dow Chemical Company, AnqingHongyu Chemical Co., Ltd, Jinan Tongfa Resin Co., Ltd., RITEKS, Cytech Coatings Private Limited, Thomas Swan & Co. Ltd., and among others

The global polyamide resins research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global Polyamide resins market also contains projections using a suitable set of assumptions and methodologies.

The research report on global Polyamide resins market provides analysis and information according to market segments such as geographies, application, and industry.

Global Polyamide Resins Market: Segmentation

The global polyamide resins market can be segmented on the basis of product type, product form, end-use industry, and regions.

On the basis of product type:

Dimer Acid–Based (DAB) Polyamide Resins
Polyamide-epichlorohydrin Resins

On the basis of product forms:

Pellets
Liquids

On the basis of end-use industry:

Inks, Paints & coating
Automotive
Chemical
Fiber and Textile
Electrical & Electronics
Others

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Fire Retardant Coatings Market Projected to Reach US$ 9.17 Billion by 2032 with a 6% CAGR, Fueled by Superior Gas Suppression Technology and Low Maintenance Costs

During the projected period, the fire retardant coatings market size is expected to grow at a CAGR of 6%, reaching a market share of US$ 9.17 billion in 2032, up from US$ 4.83 billion in 2021. Fire retardant coatings work on the basis of the ability to suppress the production of gases produced at the time of the combustion process. Additionally, fire retardant coatings require relatively low maintenance costs – this is one of the superior properties of fire retardant coatings for gaining acceptance in several end-use industries.

Fire retardant coatings have been formulated in numerous types depending on base composition and substrate type. According to composition, fire retardant coatings are generally boron-based and phosphorus-based fire retardant coatings.

There is a substantial demand for fire retardant coatings due to the clearly expanding infrastructure of the industrial and commercial sectors, as well as associated electric supplies and operations, such as fireplaces, where the risk of accidents is higher.

Further, by product type, fire retardant coatings have two types including non-intumescent and intumescent fire retardant coatings. The fire retardant coatings find a wide range of applications in industrial, residential, and commercial sectors.

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Global Fire Retardant Coatings Market: Industry Participants

The global fire retardant coatings market has a number of small as well as international manufacturers at a regional level. Few key players are identified across the value chain of global fire retardant coatings market which have been listed below –

NIPPON PAINT Co. Ltd.S
Noble Paints
HEMPEL
Akzo Nobel
PPG Industries
Carboline
Kansai Paints
Jotun
Promat International
Nullifire
GCC Applied Technologies
Isolatek International

The global Fire retardant coatings research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Global Fire retardant coatings market also contains projections using a suitable set of assumptions and methodologies. The research report on global Fire retardant coatings market provides analysis and information according to market segments such as geographies, application, and industry.

Global Fire Retardant Coatings Market: Regional Outlook

Geographically, the global fire retardant coatings market can be segmented into seven key regions. Rapid industrialization and modernization will continue to drive market growth in developed economies. The regions like the Asia Pacific, Latin America, and MEA anticipated propelling the demand for fire retardant coatings in near future, due to increasing industrial infrastructure and concern towards the protecting property and safeguards across the regions.

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Key Segments Profiled in the Fire Retardant Coatings Market Survey

By Product Type:

Non-intumescent Fire Retardant Coatings
Intumescent Fire Coatings

By Material:

Boron-based Fire Retardant Coatings
Phosphorus-based Fire Retardant Coatings

By End Use Industry:

Automotive
Oil & Gas
Construction
Electrical & Electronics
Aerospace
Marine
Furniture
Textile
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

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Nandini Singh Sawlani

Cholesteryl Isostearate Market Set to Surge to US$ 40.97 Billion by 2032, Fueled by Soaring Demand for Personal Care and Grooming Products Worldwide

The global cholesteryl isostearate industry is predicted to reach a valuation of US$ 40.97 Billion by 2032, with sales growing at a strong CAGR of 8% from 2022 to 2032. Valued at US$ 17.57 Billion in 2021, the target market is driven by the growing consumption of personal care and grooming products. The escalating demand for cosmetics and beauty items will likely propel the growth of the cholesteryl isostearate market during the forecast period.

Major factors propelling the growth for the cholesteryl isostearate market are the changing preferences of consumer across the world. Nowadays, consumers opt for items with exceptional functional benefits and this drives the demand for products like cholesteryl isostearate. High-end specialty active compounds such as cholesteryl isostearate are being developed in order to cater to this consumer trend. Moreover, innovation and sustainability initiatives will likely contribute considerably to the growth of the cholesteryl isostearate market during 2022-2032.

However, though the target market is expected to undergo significant growth, factors like stringent cholesteryl isostearate regulations along with fluctuating raw material prices may hamper the global sales of the cholesteryl isostearate over the assessment period of 2022-2032. Besides, the increasing demand for organic beauty products might also impede target market growth during this period.

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Conversely, natural and organic beauty products rely heavily on correct cultivation, ambient conditions, and ingredient extraction. This aspect is anticipated to spur the demand for the cholesteryl isostearate market. Again, natural components are far more costlier than synthetic ingredients. Consequently, all of these factors, in addition to others, work in tandem to ensure steady and robust growth for the cholesteryl isostearate market during the forecast period.

“Growing consumer preference for products with excellent functional benefits are expected to facilitate the global growth of the cholesteryl isostearate market over the forecast period,” says an FMI analyst.

Key Takeaways in Cholesteryl Isostearate Market:

Fluctuating raw material prices and implementation of stringent regulations may limit the growth of the cholesteryl isostearate market.
Advancing cosmetics industry presents Latin America as a lucrative market for cholesteryl isostearate products.
The cholesteryl isostearate market in Asia Pacific is expected to generate substantial revenue during 2022-2032.
An emphasis on modern lifestyles in established markets like North America and Europe will further propel the cholesteryl isostearate market in these regions.

Competitive Landscape in Cholesteryl Isostearate

In a competitive market, leading players are focusing on product innovation and development to meet the growing consumer demands. Many firms in this market are increasing their investment in new product development. Some other players are adopting organic and inorganic strategies like partnerships, collaborations, and merger tactics to gain the upper hand. It is estimated that key players control over half of the cholesteryl isostearate market share.

Some of the major players in the cholesteryl isostearate market profiled in the full version of the report

Chemi-Navi
Alfa Chemistry
Nikko Chemicals Co., Ltd.
Kao Chemicals
Santa Cruz Biotechnology, Inc.
C/D/N ISOTOPES INC.
Corden Pharma
Double Check Vegan
Merck KGaA

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More Insights into Cholesteryl Isostearate Market Report

In its latest report, FMI offers an unbiased analysis of the global cholesteryl isostearate market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of application and region.

According to the latest FMI reports, based on segmentation, the conditioning, emollients, and viscosity conntrilling application of cholesteryl isostearate will contribute substantially to the overall market growth of the target product.

Based on region, the cholesteryl isostearate market in Asia Pacific will demonstrate impressive growth over the projected period. The target market in this region will be primarily driven by factors like increasing population and urbanization, surging per capita consumption, and shifting consumer preference. The Asia Pacific region is expected to account for a significant portion of the global cholesteryl isostearate market revenue. Additionally, Latin America will also exhibit remarkable growth owing to a competitive market landscape and the expansion of the cosmetics industry. A general emphasis on modern lifestyle will further propel the growth of the cholesteryl isostearate market during the forecast period.

Key Segments Profiled in the Cholesteryl Isostearate Market Survey

By Application:

Conditioning Agent
Emollients
Viscosity Controlling Agent
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

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Nandini Singh Sawlani

Healthcare Expansion Catalyst: Escalating Demand Propels Medical Plastics Market Toward US$ 32 Billion Horizon

The medical plastics market is expected to showcase a 7.0% CAGR in the assessment period from 2023 to 2033. It is likely to cross US$ 16,462.6 million in 2023 and top a valuation of US$ 32,293.4 million by the end of 2033. The need for medical plastics is expected to increase as a result of medical technology and innovation advancements. Medical equipment that is more advanced, specialized, and strong is constantly needed as medical research advances.

Syringes, IV tubes, catheters, surgical equipment, and diagnostic tools are just a few of the products that are manufactured using medical plastics. These are anticipated to help in surging the demand.

The market for specialized medical equipment that is adaptable to different sterilization techniques can also grow. Plastics made for medical use are expected to provide the best answer. They can be sculpted into intricate shapes, added special characteristics, and kept functional under difficult medical conditions.

Global attention to patient safety and infection control has increased demand for medical plastics. Healthcare organizations such as hospitals are always looking for strategies to reduce the risk of infections and enhance patient outcomes.

Medical plastics are naturally antibacterial and are simple to clean and sterilize. They are a favored option for medical equipment and disposable products as they can reduce the risk of contamination and infection transmission.

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Demand for medical plastics can be significantly influenced by environmental factors as well. The need for environmentally friendly medical solutions is rising as sustainability becomes a top focus for several sectors, including healthcare.

Environmentally friendly medical polymers have developed over time. The adoption of recyclable and biodegradable materials by manufacturers is anticipated to lessen the environmental impact of medical waste.

Key Takeaways from Medical Plastics Market Study:

The medical plastics industry observed significant growth at a CAGR of 6.0% in the historical period from 2018 to 2022.
North America is estimated to hold around 1% of the global medical plastics industry share in 2023.
The polyvinyl chloride (PVC) segment is estimated to hold around 2% of the medical plastics industry share in 2023.
The medical parts and components segment held the largest revenue share of over 42% and dominated the end-user category in 2022.
The top 5 countries are set to generate a collective share of around 2% in 2023.

“Medical plastics are frequently more readily produced and less expensive to manufacture than more conventional materials such as metals or glass. Consequently, these are regarded as a financially sensible option for medical tools and equipment. Their appeal to healthcare practitioners around the world is further increased by the fact that they are lightweight, which can also help with reduced shipping costs and ease of handling.” – says a lead analyst at Future Market Insights (FMI).

Competitive Landscape

Medical plastic producers are investing in research & development to produce cutting-edge medical plastics with distinctive features, increased usefulness, and enhanced performance. They might gain an edge over conventional products by creating innovative materials and technologies that enable them to provide cutting-edge solutions to healthcare practitioners.

They are placing more and more emphasis on providing tailored and individual solutions to address the unique requirements of healthcare facilities and end users. They might more effectively meet various demands of the healthcare sector and fortify their customer relationships by offering products & services that are built to order.

Key Companies Profiled

INEOS
Advanced Plastiform, Inc
ELIX Polymers
Arkema
BASF SE
Cleanse Corp
Covestro LLC
DuPont de Nemours, Inc.
Eastman Chemical Company
EMCO Industrial Plastic Inc
Hanwha Group
HMC Polymers
LyondellBasell Industries N.V.

For instance,

In March 2022, ABB Technology (ABB) automated NatureWorks’ brand-new bioplastics facility in Thailand to meet the growing need for alternatives to fossil-based products around the world. About 75,000 metric tons of Ingeo PLA (polylactic acid) biopolymer will be produced annually at the new factory.

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Medical Plastics Market Outlook by Category

By Plastic Type :

Polyvinyl Chloride (PVC)
Thermoplastic Elastomer (TPE)
- Thermoplastic Elastomer Vulcanizates (TPE-V)
- Thermoplastic Elastomer Styrenics (TPE-S)
Polyethylene (PE)
Polycarbonate (PC)
Polypropylene (PP)
Polyethylene Terephthalate (PET)
Polyamides
Thermoplastic Polyurethane (TPU)
Polymethyl Methacrylate
Acrylonitrile Butadiene Styrene (ABS)
Silicone Rubber
- Liquid Silicone Rubber
- High Consistency Rubber
- Room Temperature Vulcanizing (RTV) Silicone
- Silicone Adhesives
- Others

By End Use:

Medical Parts & Components
- Dropper Bulbs
- Drip Chambers
- Gaskets & Stoppers
- Orthopedics
- Blood Collection Chambers
- Medical Containers
- Others
Tubing
- Catheter Tubing
- Drug Delivery
- Gas Supply
- Peristaltic Pump
- Oxygen Tubing
- Blood Transport & Delivery
- Others
Film and Bags
- Biopharmaceutical Storage
- Saline Bags
- Waste Bags
- Others
Surgical Tools
- Scalpels
- Forceps
- Scissors
- Others
Medical Cables and Connectors
- Diagnostic Equipment
- Prosthetics
- Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
Russia and Belarus
Balkan and Baltics
Central Asia
Middle East and Africa

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Rodent Control Pesticides Market Witnesses Surge in Rodent-resistant Products as Population Soars and Food Storage Concerns Escalate Worldwide

The global Rodent Control Pesticides market is valued at US$ 5.6 Billion in 2021 and is expected to reach US$ 11.6 Billion by 2032, expanding at a CAGR of 6.8% between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence provider, global rodenticide consumption has increased at a CAGR of roughly 6.3% over the last half-decade.

The increased incidence of transferrable illnesses such as Hantavirus infection, plague, and Lassa fever, which impacts humans, the environment, and wildlife, have been the key factors spurring the sales of Rodent Control Pesticides worldwide. There has been widespread consumption growth for rodent control products in residential, commercial, and industrial settings in the recent past.

Owing to the surge in demand, the market participants are working towards the launch of new products to efficiently reduce the rodent population. The growing number of workplaces, hotels, hospitals, and housing units, as well as a preference for high hygiene standards, are projected to drive demand in the forthcoming years.

Natural Rodent Control Pesticides are biodegradable and toxic to humans, pets, and wildlife, but they will not pose a threat to domestic animals or humans if consumed by accident. Furthermore, these substances are cost-effective, as they do not fit specific storage, handling, transportation, or disposal systems.

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Rodent Control Pesticides give efficient and speedy results in the destruction of rodents, which is projected to drive their demand throughout the forecast period. However, rigorous government regulations governing the use of active substances are expected to limit market development in the future years. Rodent Control Pesticides are often offered in the form of pellets, blocks, and powder.

Key Takeaways from the Market Study

Rodent Control Pesticides Market was valued at US$ 5.6 Bn in 2021. According to Future Market Insights, Rodent Control Pesticides Market revenue would increase 1.9X between 2022 and 2032, reaching roughly US$ 11.6 Bn in 2032.
In terms of Type, the Anticoagulant Rodent Control Pesticides account for the largest share with a projected CAGR of 7.1%.
In terms of End-Use of Rodent Control Pesticides, revenue through Agriculture is projected to register a CAGR of 7.2% during 2017-21.
The US is the dominant region in the Rodent Control Pesticides Market with an absolute dollar growth opportunity of over US$ 2 Bn, during 2022 – 2032.

Winning Strategy

Rising worries about economic loss caused by rat damage in agricultural areas are expected to fuel market expansion in the future years. Environmental worries over the use of chemicals and their harmful effects on people and other living organisms, on the other hand, are likely to limit demand. As a result, product application is heavily restricted by strict legislation.

In North America and Europe, strict laws governing the use of chemical Rodent Control Pesticides have been enacted. For example, all pesticide products in the United States must be registered with the Environmental Protection Agency (EPA) before they may be marketed to the general public. The EPA regulates these products under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA).

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Competitive Environment

The worldwide Rodent Control Pesticides market is fragmented, with a few multinational players and several new firms contending for a fair portion of the market. BASF SE, Bayer AG, Syngenta, Liphatech Inc., PelGar International, JT Eaton, Neogen Corporation, and Rentokil Initial plc are among the most active participants. These firms are looking for new markets to expand into, either by releasing a new product line after studying, developing, and field-testing it or by purchasing a manufacturing unit.

Some of the recent developments of key Rodent Control Pesticides providers are as follows:

• In September 2020, PelGar announced the launch of Cimetrol super RFU, which is a ready-to-use water-based spray for controlling several flying and crawling insects.

• In July 2020, PelGar announced that it has moved its R&D for testing to its head office in Alton, UK

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the Rodent Control Pesticides Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Rodent Control Pesticides Market in terms of Type (Anticoagulant, Non-Anticoagulant), End-Use (Pest Control, Agriculture, Warehouse, Household, Urban Centers) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Rodent Control Pesticides

By Type:

Anticoagulant
Non-anticoagulant

By End-Use:

Pest Control
Agriculture
Warehouse
Household
Urban Centers

By Region:

North America
Latin America
Europe
APAC
MEA

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Global Pouches Market Expected to Reach US$ 69.28 Billion by 2032 | FMI

The global utility pouches market is poised for remarkable growth, with an anticipated Compound Annual Growth Rate (CAGR) of 5.5% between 2022 and 2032. According to industry projections, the market, valued at US$ 40.56 billion in 2022, is expected to surge to a whopping US$ 69.28 billion by the year 2032. This astounding expansion underscores the increasing demand for pre-packaged food and beverages, coupled with the inherent practicality and cost-effectiveness of pouches.

The pouches market has been witnessing an unprecedented surge, fueled by evolving consumer lifestyles and preferences. In an era where convenience and efficiency reign supreme, pouches offer a versatile packaging solution that resonates with modern consumers worldwide. From ready-to-eat meals to on-the-go snacks, the flexibility and convenience of pouch packaging cater to the dynamic needs of today’s fast-paced lifestyle.

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Key factors driving the exponential growth of the global pouches market include:

Rising Demand for Pre-Packaged Food and Beverages: With shifting consumer preferences towards convenience and ease of consumption, there has been a significant uptick in the demand for pre-packaged food and beverages. Pouch packaging provides manufacturers with a practical and efficient means to deliver a diverse array of products while ensuring freshness and convenience for consumers.
Practicality and Cost-Effectiveness of Pouches: Pouch packaging offers numerous advantages over traditional packaging formats, including reduced material usage, enhanced shelf appeal, and improved product protection. Furthermore, the lightweight and compact nature of pouches translate to reduced transportation costs and a smaller carbon footprint, making them an environmentally sustainable choice for brands and consumers alike.

As the global pouches market continues to evolve, industry players are gearing up to capitalize on emerging opportunities and trends. From innovative material solutions to eco-friendly packaging alternatives, stakeholders are actively investing in research and development to meet the evolving needs of the market.

As the utility pouch industry continues to evolve, businesses must stay ahead of the curve by identifying promising growth opportunities and staying attuned to emerging trends. Here are five professional and attractive insights into the future of utility pouches:

Future Growth Opportunities:

Customization and Personalization: The demand for utility pouches tailored to specific needs is on the rise. Companies can capitalize on this trend by offering customizable pouches that cater to various industries, hobbies, and personal preferences.
Innovative Materials and Designs: As technology advances, there’s a growing opportunity to explore innovative materials and designs for utility pouches. Investing in research and development to create pouches with enhanced durability, eco-friendliness, and functionality can open doors to new markets and customer segments.
Expansion into E-commerce: With the increasing popularity of online shopping, utility pouch manufacturers have a prime opportunity to expand their reach through e-commerce channels. Developing user-friendly websites, leveraging social media platforms, and partnering with online retailers can help companies tap into this growing market.
Targeting Niche Markets: Identifying niche markets with specific utility pouch needs presents a lucrative growth opportunity. Whether it’s outdoor enthusiasts, medical professionals, or tech-savvy individuals, tailoring pouches to meet the unique requirements of these niche segments can drive sales and foster brand loyalty.
Sustainability Initiatives: In response to growing environmental concerns, there’s a rising demand for sustainable and eco-friendly utility pouches. Investing in sustainable materials, production processes, and packaging can not only attract environmentally conscious consumers but also align businesses with global sustainability goals.

Industry Trends:

Smart Pouches: The integration of smart technology into utility pouches is becoming a prominent trend. From RFID tracking to Bluetooth connectivity, smart pouches offer enhanced security and convenience for users, making them a sought-after choice in various industries.
Multi-functional Designs: Consumers are increasingly seeking utility pouches that offer versatility and multi-functionality. Pouches designed to accommodate different gadgets, tools, and accessories while maximizing space and organization are gaining traction in the market.
Fashion-Forward Pouches: Utility pouches are no longer just practical accessories; they’re also fashion statements. Trendy designs, vibrant colors, and stylish accents are driving the demand for fashion-forward pouches that complement various lifestyles and outfits.
Collaborations and Partnerships: Collaborations between utility pouch brands and influencers, designers, or other brands are becoming more prevalent. These partnerships not only help brands reach new audiences but also infuse creativity and innovation into product lines.
Emphasis on Durability and Quality: In an era of disposable consumer goods, there’s a growing appreciation for utility pouches that prioritize durability and quality craftsmanship. Brands that focus on producing long-lasting pouches built to withstand daily wear and tear are resonating with discerning consumers.

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Major Players

Some of the key players of the global utility pouches market are PETZL SECURITE, UTILITY DIADORA, Beal Pro, IRUDEK 2000, ROX, BLAKLADER WORKWEAR, NEOFEU, GeoMax, Precintia International, Ansell Protective Solutions, HELLY HANSEN Work Wear, Swiss Rescue, DMM Professional, Grundens of Sueden, Versar PPS, MALETAS TECNICAS BOXFORT, LAFONT, SOMAIN SECURITE, Louis Blockx and NNZ.

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 material type, holding type, by end use.

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

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Market Segmentation

Based on material type:

plastic
cotton
leather
others

Based on holding type:

utility hand pouches
shoulder bags pouches
clutch
Others

Based on the end-use type:

commercial use
non-commercial
electronic gadgets
food
clothing products
pharmaceuticals products
cosmetics and personal care
industrial goods

Author:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

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