FMI Forecasts Surge in Methane Sulfonic Acid Market, Reaching US$ 1,215.6 million by 2033

According to Future Market Insight, the global methane sulfonic acid industry is likely to reach US$ 1,215.6 million by 2033, registering a CAGR of 4.6%. This is a considerable increase from its projected value of US$ 775 million in 2023.

Methane sulfonic acid is extensively used in the electroplating industry for metal surface treatment. It is utilized as an electrolyte additive in electroplating baths. It improves the plating efficiency and quality of metal coatings. The increasing demand for metal finishing and surface treatment in the automotive, aerospace, and electronics industries drives the demand for methane sulfonic acid.

The usage of methane sulfonic acid for surface cleaning of tiles, ceramics, and porcelains is increasing. It is also included in scale and rust removers. This increased usage plays a crucial role in driving market revenue growth. In addition, the global popularity of lead-acid and zinc cerium flow batteries is contributing significantly to market growth.

There is a growing demand for the product in the pharmaceutical/medical, technical, and fabrication sectors. The increasing demand for methane sulfonic acid can be attributed to the adoption of environmentally friendly alternatives. These alternatives are being used in place of commercially used electrolytes in batteries. The growing concerns for the environment and sustainability drive this shift. As a result, the global market is anticipated to continue its growth trajectory.

Multiple unfavorable factors impede market growth. Strict government regulations in many countries pose a challenge to the commercialization of methane sulfonic acid in the market. Additionally, manufacturers are required to meet various certifications, which further contributes to potential delays. This creates a significant obstacle that hampers market growth. Furthermore, the rising costs of methane sulfonic acid may pose an additional hindrance to market expansion.

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The global demand for methane sulfonic acid is increasing in the pharmaceutical and medical industries. This trend is likely to open up lucrative opportunities for both established companies and new entrants in the market. Companies also highlight the diverse applications of methane sulfonic acid in various industries. Furthermore, the fabrication industry’s high demand for the product is anticipated to drive market growth during the forecast period.

Methane sulfonic acid has been investigated as an electrolyte component in energy storage devices such as batteries and supercapacitors. Its unique properties make it a potential alternative to traditional electrolytes. As the demand for energy storage solutions grows, methane sulfonic acid could play a role in this evolving market. This is particularly prevalent in renewable energy systems and electric vehicles.

Methane sulfonic acid is widely used as a catalyst and acidifier in chemical manufacturing processes. It can be employed in the production of pharmaceuticals, agrochemicals, dyes, pigments, and other specialty chemicals. The growing demand for these chemicals in various industries is expected to present significant market opportunities.

Key Takeaways from the Methane Sulfonic Acid Market:

  • The methane sulfonic acid industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.1% through 2033
  • The United States held a 20.8% share of the global methane sulfonic acid industry in 2022
  • With a CAGR of 6.4% over the forecast period, India is predicted to develop rapidly in the methane sulfonic acid industry
  • In 2022, Japan had a 6.3% share of the methane sulfonic acid industry globally
  • The methane sulfonic acid industry in China is expected to increase, registering a CAGR of 5.8% over the forecast period
  • Germany accounted for 5.9% of the global methane sulfonic acid industry in 2022

Competitive Landscape in the Methane Sulfonic Acid Market

Key market participants implement diverse approaches to sustain their market positions and expand their presence worldwide. These approaches comprehend:

  • Expanding production capacities to meet growing demand
  • Investing in research and development for improved production processes and product quality
  • Emphasizing sustainability and eco-friendly methods
  • Forming strategic partnerships and collaborations
  • Implementing effective marketing and branding strategies
  • Providing customized solutions and technical support
  • Exploring new applications and markets
  • Monitoring market trends and adapting accordingly
  • Ensuring reliable supply chains
  • Prioritizing customer satisfaction with excellent service

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Recent Developments by Key Players in the Methane Sulfonic Acid Market

In January 2020, BASF unveiled its plan to expand global capacities for methane sulfonic acid to reach 50,000 metric tons per year. The expansion primarily aims to cater to European customers. Additionally, it seeks to serve the swiftly expanding Asia methane sulfonic acid market.

In August 2021, Hydrite Chemical Co. revealed plans to expand production of ATS=™/Thio 25-17™. The expansion is going to take place at Hydrite Chemical Co.’s Terre Haute, IN facility. The capital expenditure is allocated for the installation of an additional sulfur burner and thiosulfate production line. The expanded capacity is anticipated to be operational by the spring of 2023.

Methane Sulfonic Acid Market by Category

By Grade:

  • Industrial grade Methane Sulfonic Acid
  • Pharmaceutical grade Methane Sulfonic Acid

By Product Form:

  • Solid Methane Sulfonic Acid
  • Liquid Methane Sulfonic Acid

By Application:

  • Electroplating
  • Pharmaceuticals
  • Chemical Synthesis
  • Biodiesel Production
  • Others

By Region:

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

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.

Contact Us:       

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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Future Market Insights Forecasts Potassium Carbonate Market to Reach US$ 3.2 Billion by 2033, Driven by Diverse Industry Applications

The potassium carbonate market is predicted to grow at a CAGR of 4.6% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 2.1 Billion in 2023 to US$ 3.2 Billion by 2033 end.

For instance, the European Federation of Pharmaceutical Industries and Association has observed the intensification of investments by numerous research institutes and manufacturers in America and Europe. These investments are aimed at developing and innovating new pharmaceutical products, which are forecast to lead the way for upcoming applications of potassium carbonate.

Besides, the mounting demand for potassium carbonate from multiple industries and the strong presence of major market players are catalyzing market development. For instance, the demand for this compound is springing up in the field of agriculture as it assists in the better development of plants and absorbs water from the environment. Farmers utilize potash to fortify the stems and roots of plants.

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Key Takeaways from the Potassium Carbonate Market: 

  • China is projected to rule the potassium carbonate market, as was the case in the historical period, with US$ 691.5 Mn to be attained by 2033. The market is projected to accelerate at the fastest CAGR of 5.1% in the meantime. Rapid growth in the country can be credited to the surging application of food-grade potassium carbonate.
  • The U.S. potassium carbonate market is forecast to be next in line, with a market value estimated at US$ 500 Mn by 2033. The market is projected to grow at a CAGR of 4% between 2023-2033. The market expansion can be attributed to the wide presence of key players in the nation.
  • The United Kingdom is being propelled by research-led potassium carbonate innovations and developments in the region. The U.K. market is predicted to stand at US$ 90.6 Mn by 2033, expanding at a CAGR of 3.9%.
  • Potassium carbonate is widely used in powder form. Powdered potassium carbonate is convenient to use and finds wide applicability in many industries. The segment is projected to grow at a CAGR of 4.2%, a significant increase from the 2.5% witnessed in the historical period.
  • The compound is broadly utilized in the manufacture of soaps, detergents, and cleaning products. This end use is predicted to grow at a CAGR of 4%, up from the 2.5% exhibited in the past assessment period.

News Featuring Market Developments by Companies Providing Potassium Carbonate Solutions

  • In July 2021, a leading European Chlor-alkali and PVC company, Vynova, announced that it is set to build a production unit for liquid potassium carbonate (K2CO3) in Tessenderlo, Belgium. With this new and larger facility, the company will further its growth in Europe as the leading supplier of potassium derivatives.
  • Recently, the company launched the world’s first series of low-carbon potassium (K) derivatives in February 2022. These are advertised under the VynoEcoSolutions brand and will address the sustainable needs of customers dispersed across various industries.

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Potassium Carbonate Market by Category

By Product Form:

  • Granules
  • Powder

By End Use:

  • Soaps, Detergents & Cleaning Products
  • Agrochemicals
  • Food & Beverage Processing
  • Personal Care Products
  • Glass
  • Dyes & Inks
  • Fire Suppression Products
  • Water Treatment
  • Others

By Region:

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

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.

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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Global Medical Penlights Industry Expected to Grow at a Sturdy 3.0% CAGR and Reach US$362.1 Billion in Sales by 2032 | Per FMI Analysis

Global Medical Penlights Industry
Global Medical Penlights Industry

The Global Medical Penlights Industry is poised for a bright future, according to a recent analysis by Future Market Insights (FMI). The market is projected to experience a significant surge in revenue, reaching an impressive US$362.1 billion by 2032. This translates to a substantial increase from the US$261.3 billion recorded in 2022. Fueling this growth trajectory is a projected Compound Annual Growth Rate (CAGR) of 3.0% anticipated during the forecast period from 2022 to 2032.

Medical penlights, renowned for their professional appeal and superior visual clarity compared to flashlights, have become indispensable tools across various medical settings. Widely favored by doctors, nurses, and emergency medical technicians, medical penlights facilitate detailed examinations of the mouth, ears, eyes, and other vital areas.

The compact size and portability of medical penlights make them a preferred choice among medical professionals, allowing for convenient storage in pockets or clipboards. Their versatility extends to a range of applications, with medical penlights primarily utilized for pupil tests. Among the most common tests performed using medical penlights is the consensual constriction test, a pivotal examination used to assess reflexes and brain function.

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Reusable medical penlights are preferred over disposable medical penlights as they have long battery life and low lumen focus. Based on the light source, medical penlights can be classified as LED lights and medical penlights with an incandescent bulb. Disposable LED medical penlights are generally used by emergency medical technicians who have different needs for penlights.

LED medical penlights are brighter than penlights with an incandescent bulb. Emergency medical technicians prefer disposable medical penlight as they are not required to carry extra batteries. New features in medical penlights such as integrated pupil gauge and stylus make it more attractive to medical professionals as these medical penlights allow professionals to check on patients and immediately update their records.

Some of the leading brands in the medical penlights market include Thrunite TI4T, BOVIE FLUORO-DOT, Welch Allyn Professional Penlight, Stylus, Dixie EMS Disposable Penlight, and Escolite, etc. among others.

Global Medical Penlights Industry: Drivers and Restraints 

The market for medical penlights is ever-growing as medical penlights are essential in every clinic or medical settings that provide primary healthcare. However, technological advances in medical penlights such as UV medical penlights for use in minor surgical procedures, LED medical pens, etc. are expected to fuel the growth of the Global Medical penlight industry.

Medical penlights with metal light beams such as cobalt lights, halogen lights, etc. The availability of special pediatric medical penlights further increases the demand for medical penlights across the globe. However, alternatives for pupil tests such as visual screeners are expected to deter the demand for medical penlights over the forecast period.

Global Medical Penlights Industry: Overview 

Availability of durable medical penlights for hospitals and clinic settings and disposable penlights for emergency medical technicians is attributed to continuous and steady consumption of these products in the global market.

Among both LED and incandescent bulb medical penlights, incandescent medical penlights are preferred and expected to dominate the global market as they provide better tissue color rendition which could be important to doctors and nurses. Among all end users of medical penlights, clinics segment is expected to dominate due to the high density of primary care services provided by them.

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Global Medical Penlights Industry: Regional Outlook 

Geographically, Global Medical Penlights Industry is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to dominate Global Medical Penlights Industry due to a high number of hospitals and independent medical practitioners. Western Europe is expected to be the second largest market medical penlights.

Asia Pacific market is expected to experience the highest growth rate in terms of volume due to numerous local suppliers from China and Japan.

Global Medical Penlights Industry: Key Players 

Some of the players identified in Global Medical Penlights Industry include ThruNite, Bovie Medical Corporation, Welch Allyn Inc., Streamlight Inc., Dixie USA EMS Supply Company, Beaver Visitec International, American Diagnostic Corporation, GF HEALTH PRODUCTS, INC., BV Medical, Medline Industries Inc., Rudolf Riester GmbH, Essilor etc. among others.

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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Key Segments Profiled in the Global Medical Penlights Industry Survey

By Method:

  • LED Medical Penlights
  • Medical Penlights with an incandescent bulb

By Light Output:

  • White Light
  • Blue Light
  • Red Light
  • Green Light
  • UV Light

By Usage:

  • Disposable Medical Penlights
  • Reusable Medical Penlights

By End Use:

  • Hospitals
  • Clinics
  • Diagnostic Centres
  • Emergency Medical Camps
  • Others

By Region:

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

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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.

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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Rising Demand for Lithium Fuels Global Market Growth: Lithium Mining Set to Reach US$ 3.4 Billion by 2032

The global lithium mining market is anticipated to accrue a value of US$ 3.4 billion in 2032, as opposed to a valuation of US$ 1.66 billion in 2022. The target market is set to expand at a healthy CAGR of 7.43% from 2022 to 2032. Factors like the escalating adoption of lithium in glass and ceramic manufacturing and the emergence of electronic vehicles that augment the demand for lithium-ion batteries facilitate the growth of the lithium mining market. The ongoing technological innovations and widespread lithium use in air treatment also drive the expansion of the lithium mining market size during the forecast period.

The shift witnessed in the design and advancement of battery technology along with concerns regarding the decline in fossil fuels will likely stimulate market growth for lithium mining. The fall in the availability of fossil fuels, rising carbon emissions, and emphasis on alternative sources of power encourage greater lithium mining. As it is estimated that lithium mining will fulfill the void created by the above-mentioned factors. In addition to this, the development of advanced technology in the automotive sector will foster an environment of growth for the lithium mining market in the upcoming years.

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Recent years have observed an escalating demand for electronic vehicles which, in turn, will strengthen prospects for lithium mining. Further, increasing technological progress in the electrification of two/ three-wheelers, buses, and trucks will further propel the demand for electric vehicles. Rising demand for electronic vehicles fuels the demand for lithium-ion batteries which augurs well for the lithium mining market. Increasing government support, the commencement of different projects like Kathleen Valley and others, and elevated product innovation and development by market players are a few of the other factors that will drive the growth of the lithium mining market during the projection period.

Key Takeaways:

  • Growing awareness of the adverse effects of lithium mining on the environment will impede the growth of the lithium mining market during 2022 and 2032.
  • An upsurge in demand for lithium in the manufacturing of glass and ceramics will open new avenues of growth for the market.
  • The Asia Pacific region will emerge as an opportunistic market for the lithium mining market due to significant lithium production in Australia and China.
  • The lithium mining market in Europe will expand at 4.8% CAGR due to favorable government initiatives.
  • By type, lithium carbonate mining will gain traction with a CAGR of 8% owing to rising hard rock and brine activities.
  • In terms of source, brine lithium will account for 65% of the overall market share.

Competitive Landscape 

SQM, Orocobre, Lithium Americas Corp., Pilbara Minerals, Albemarle, Livent, Ganfeng Lithium, Nemsaka Lithium, BuLi Chemicals India Pvt. Ltd., and Minera Del Altiplano, among others, are some of the principal players in the lithium mining market profiled in the full version of the report.

Eminent market players are keen on strategic agreements, acquiring grants, and other business expansion tactics. These organizations also employ partnerships, collaborations, mergers, and acquisitions to gain a competitive advantage.

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More Insights into Lithium Mining Market 

FMI offers the latest, unbiased, and detailed analysis of the global lithium mining market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of source, type, application, and region.

According to the reports, based on segmentation, the brine lithium segment will exhibit strong growth, accounting for 65% of the overall market share. Hard rock lithium will also gain rapid traction and hold about 35% of the revenue share. Based on type, the lithium carbonate mining segment will grow at a CAGR of 8%  owing to greater hard rock and brine activities.

Based on region, the lithium mining market in Asia Pacific will present notable growth during the assessment period. This region will emerge as a lucrative pocket for the market. This is primarily due to the massive production of lithium in Australia and China. Increasing consumption of electric vehicles in China also contributes to the growth of the lithium mining market in Asia Pacific. Additionally, Europe also contributes to the overall growth of the lithium mining market during the forecast period.

Key Segments Profiled In The Lithium Mining Market

By Source:

  • Brine
  • Hard Rock
  • Others

By Type:

  • Lithium Carbonate
  • Lithium Hydroxide

By Application:

  • Battery
  • Ceramics and Glass
  • Lubricants & Grease
  • Polymer
  • Flux Powder
  • Refrigeration
  • Others

By Region:

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

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.

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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Global Medical Drones Industry Expected to Grow at an Amazing 24.3% CAGR to Reach US$3.06 Billion by 2032 | FMI

Global Medical Drones Industry
Global Medical Drones Industry

The Global Medical Drones Industry is gearing up for a revolution, with a projected Compound Annual Growth Rate (CAGR) of 24.3% over the next decade. This remarkable growth trajectory is predicted by Future Market Insights Inc. (FMI) in a recent market analysis. The report forecasts a surge in revenue from US$280.6 million in 2022 to a staggering US$3.06 billion by 2032.

This phenomenal growth builds upon the industry’s impressive past performance. In 2022 alone, the market witnessed a robust CAGR of 34.0%, reaching a value of US$280.6 million. This consistent upward trend underscores the growing importance and widespread adoption of medical drones across various healthcare applications.

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Medical drones are in the continuous research and development phase for producing a novel product with high speed, and delivery accuracy. Medical drones are operated manually or can be programmed to fly precise routes, and are advantageous as they require no landing space and can drop packages from the lower fly. The ability of medical drones to fly over closed areas and without a crew is the reason for its high demand.

Global Medical Drones Industry: Drivers and Restraints

The growth Global Medical drone industry is generally driven by the low cost of equipment and increasing research and development investment by government bodies is driving the growth of the medical drone market. In addition, the increasing penetration of medical drones in emergency or catastrophic areas is boosting the market growth of medical drones. For instance, medical drones were adopted for delivering tele-medical packages to victims of mass casualty events held in Mississippi, U.S. However, product approval regulations have hindered the commercialization of medical drones as they are not allowed to fly freely or without permission hampering the growth of the medical drone market. In addition, medical drones create risks including potential hazards and operation issues are other obstacles to the growth of the medical drone market.

Medical Drones Industry: Region Wise Outlook

Geographically, the medical drone market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. The market in North America is anticipated to hold the largest share of medical drones in the global market, followed by Western Europe, owing to the presence of increasing research and development funding from the government and private bodies. In addition, the presence of formal rules and regulations applied by the federal government and the presence of a highly sophisticated environment are also leading to the growth of the Global Medical drone industry.

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The medical drone market in Asia- -the Pacific region and Japan is anticipated to grow at a higher rate owing to the improving healthcare facilities and increasing awareness about the benefits of medical drones in the catastrophic environment. However, the market for medical drones in regions such as Latin America, Eastern Europe, and Middle East, and Africa is estimated to show a steady growth over the forecast period owing to the presence of highly fragmented distributors and scarcity of skilled professionals.

Global Medical Drones Industry: Key Players

Some of the market participants in the global medical drone market are Zipline Inc., Flirtey, and Matternet.

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 for market segments such as geographies, applications, and industries.

The report covers an exhaustive analysis on:

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

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors 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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Global Medical Drones Industry: Segmentation

Based on application, Global Medical Drones Industry can be segmented as:

  • Acute Care
  • Vaccination Programs
  • Blood bank Transferring
  • Drug/Pharmaceutical Transferring

Based on end-user, the Global Medical Drones Industry can be segmented as:

Report Highlights:

  • Detailed overview of the 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.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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 team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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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Global Aflatoxicosis Treatment Industry is Expected to Reach US$407.6 Million with a Startling 3.8% CAGR By 2033 | FMI

Global Aflatoxicosis Treatment Industry
Global Aflatoxicosis Treatment Industry

According to a groundbreaking report from Future Market Insights (FMI), the Global Aflatoxicosis Treatment Industry is on the cusp of a remarkable transformation. Currently valued at US$279.5 million in 2023, the market is projected to surge to an impressive US$407.6 million by 2033. This phenomenal growth trajectory is underpinned by a robust Compound Annual Growth Rate (CAGR) of 3.8% anticipated throughout the forecast period.

Aflatoxins, a potent group of mycotoxins produced by certain fungi, have emerged as a formidable threat to global food safety. The World Health Organization highlights that aflatoxins contribute to over 25% of the world’s annual grain loss, presenting a substantial economic challenge. Developing countries, with a focal point on India, are particularly susceptible to the adverse effects of aflatoxins due to inadequate storage facilities, resulting in heightened exposure.

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Report Highlights:

  • Detailed overview of the 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.

Understanding the Impact of Covid-19 on Healthcare Industry

With the pandemic plaguing most countries across the globe, the healthcare industry is witnessing its fair share of ‘ups and downs’. COVID-19 has placed an enormous strain on the healthcare sector’s workforce, facilities, and infrastructure. Despite the endless pressure, the healthcare sector is growing at a moderate pace due to the improvement in infrastructure and advancement in technology, the healthcare sector is delivering a healthy performance.

The FMI’s latest report on the Global Aflatoxicosis Treatment Industry gives a detailed analysis of the impact of COVID-19 with an incisive coverage of the innovative strategies adopted by the market players to survive the challenges due to the pandemic.

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Detailed analysis of the geographical region and country-wise insights are offered in the latest Global Aflatoxicosis Treatment Industry report with established market players as well as incumbents in the region.

The Global Aflatoxicosis Treatment Industry can be segmented as follows:

By region

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

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and a list of tables.

Global Aflatoxicosis Treatment Industry Competitive Analysis 

By Prominent Market Players

  • Pfizer Japan Inc,
  • Sanofi,
  • Abbott Laboratories,
  • Zydus Cadilla,
  • GlaxoSmithKline,
  • Johnson and Johnson and many others.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects, and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Global Aflatoxicosis Treatment Industry

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Why Future Market Insights?

  • Comprehensive analysis of evolving purchase patterns across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Global Aflatoxicosis Treatment Industry
  • Detailed information about the product innovation, mergers, and acquisitions lined up in upcoming years
  • Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Reasons to Buy the Report:

  1. We provide authentic and detailed analysis of various market trends to enable businesses to make informed and beneficial decisions to attain a competitive edge over key players.
  2. Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  3. The report includes an accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. This ensures that the data collected is from highly reliable sources.

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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.

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
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Global Mobility Aids and Transportation Equipment Industry is expected to surpass US$11.6 Billion by 2033, with a CAGR of 6.1% | FMI

Global Mobility Aids and Transportation Equipment Industry
Global Mobility Aids and Transportation Equipment Industry

The Global Mobility Aids and Transportation Equipment Industry is poised for a remarkable expansion, with projections indicating a surge to a value of US$6.32 billion by 2023. Industry experts anticipate this upward trajectory to continue, fueled by a projected Compound Annual Growth Rate (CAGR) of 6.1%. According to extensive research by Future Market Insights (FMI), a leading ESOMAR-certified market research and consulting firm, the market has the potential to reach a staggering US$11.64 billion by 2033.

FMI’s exhaustive study, spanning the forecast years 2015-2025, delves into critical aspects of the Mobility Aids and Transportation Equipment market. The comprehensive report provides invaluable insights into diverse features, including demand dynamics, product developments, revenue generation, and sales trends. This thorough analysis stands as a testament to FMI’s unwavering commitment to delivering unparalleled market intelligence.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Global Mobility Aids and Transportation Equipment Industry Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Mobility Aids And Transportation Equipment market.

Key Global Mobility Aids and Transportation Equipment Industry Takeaways and Projections

  • The U.S. is estimated to continue dominating the North America market, projecting fastest growth in the region through 2031.
  • Germany Mobility Aids And Transportation Equipment market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
  • China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
  • India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

  • Mobility Aids And Transportation Equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Mobility Aids And Transportation Equipment market. It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2021-2031.
  • Mobility Aids And Transportation Equipment Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Mobility Aids And Transportation Equipment market. As per the survey, Mobility Aids And Transportation Equipment sales will project steady growth over the forecast period.
  • XZY Market Structure Analysis: The report provides detailed market information the concentration of key players and tier analysis in the Mobility Aids And Transportation Equipment market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
  • Mobility Aids And Transportation Equipment Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players to capitalize on the,
  • Mobility Aids And Transportation Equipment Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Mobility Aids And Transportation Equipment market to assist management-level decision-makers in constructing a strategy to capitalize on critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Mobility Aids And Transportation Equipment market.

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Some of the prominent Global Mobility Aids and Transportation Equipment Industry players are profiled by FMI

  • Sunrise Medical LLC,
  • Invacare Corporation,
  • OttoBock Healthcare GmbH,
  • Stryker Corporation,
  • Medline Industries,
  • GF Health Products Inc.,
  • Hoveround Corporation,
  • LEVO AG,
  • Permobil AB,
  • Merivaara Corporation, and others.

Global Mobility Aids and Transportation Equipment Industry is segmented into the following types:

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.

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
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Biocides Market Booms: Expected to Reach US$ 12.5 Billion by 2033, Finds Latest Forecast

The biocides market is anticipated to thrive at an average CAGR of 3.4% between 2023 and 2033. The market is anticipated to surpass US$ 12.5 Billion by 2033, while it holds a revenue of US$ 8.9 Billion in 2023.

A wider range of applications as a preservative and germ-controlling agent is propelling the growth of the biocides market. Furthermore, advanced pharmaceutical companies are implementing biocides to shelf their medicines for longer usage.

In expanding packaged food industry, look for an affordable preservation option provided through biocides. Restoration of the FMCG sector has also ended up thriving the growth of the biocides market.

Emerging economies such as India and China are building their medical and pharmaceutical industry. Even India has been recognized as the “pharmacy of the world” as it fuels the manufacturing and production of drugs, flourishing the sales of biocides solutions.

The use of phenolics biocides in different surgical procedures has also been highlighted recently and is likely to thrive the demand for biocides.

Its use in botanical experiments to eliminate microorganisms and plants helps research and development programs. Thus, the future of the biocides market looks promising.

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Higher food exports between nations and the restoration of sea trade post-pandemic demand for a sustainable preservation solution. The biocides solution fits right in the picture, preventing the food items from getting exposed to microorganisms.

Key Pointers:

  1. The Chinese market is the biggest and fastest market for preservation technology and is anticipated to cross a value of US$ 3.0 Billion by 2033. The regional market is expected to thrive at an average CAGR of 4.4% between 2023 and 2033.
  2. The US market thrives at the highest CAGR of 2.9% during the forecast period. The market is likely to reach a value of US$ 2.5 Billion by 2033.
  3. The halogen compound segment is expected to thrive in the product category due to its wider application including the water treatment sector and the paint industry. It is expected to thrive at a CAGR of 3.4% during the forecast period.
  4. Industrial grade tops the grade type segments with a CAGR of 3.3% between 2023 and 2033 while it thrived at a lower CAGR of 2.3% during the previous forecast period.

Competitive Landscape:

The focus of key competitors try to deliver the application-specific biocides solution. Furthermore, advanced pharmaceutical companies have extended their research verticals as their in-house biocides production. Key players in the market are Clariant AG, Lonza Group, ICL Group, BASF SE, DOW, Veolia, Troy Corporation, Nouryon, Kemira Oyj, Ecolab USA Inc, Albemarle Corporation, Solvay SA, Lanxess AG, and Buckman Laboratories International.

For instance,

  • Clariant AG has introduced its biocides for paints and coatings named NIPACIDE which protects the paint from microbial contamination. The major biocide products are nipacide BIT 10 W, nipacide BIT 20, and nipacide BK.
  • Veolia has launched its Hydrex 7000 biocide chemicals for water treatment that eliminated slime, formation of hydrogen sulfide, corrosion and biofuels

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Key Segmentation:

By Grade:

  • Food Grade
  • Pharmaceutical Grade
  • Industrial/ Technical Grade

By Type:

  • Halogen Compounds
  • Metallic Compounds
  • Organic Acids
  • Organo-sulfurs
  • Nitrogen
  • Phenolic
  • Others

By End Use:

  • Agrochemicals
  • Food & Beverages
  • Water Treatment
  • Paints & Coatings
  • Cosmetics & Personal Care
  • Oil & Gas
  • Pulp & Paper
  • Wood Preservatives
  • Cleaning Agents
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (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.

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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Global Immunochemistry Analyzer Industry is expected to grow at an astonishing 16% CAGR and reach a valuation of US$72.69 Billion by 2032 | FMI

Global Immunochemistry Analyzer Industry
Global Immunochemistry Analyzer Industry

The Global Immunochemistry Analyzer Industry is on track for a phenomenal surge, driven by a staggering Compound Annual Growth Rate (CAGR) of 16% projected by industry forecasts. This remarkable growth trajectory is expected to propel the market from a valuation of US$14.2 billion in 2021 to an estimated US$72.69 billion by 2032.

The catalyst behind this extraordinary surge lies in the escalating demand for immunochemistry analyzers. In an era dominated by unprecedented challenges in the global healthcare landscape, including the outbreaks of various microorganism-based illnesses, the urgency for early, accurate, and efficient diagnosis has reached unparalleled heights.

The Immunochemistry Analyzer sector, with its cutting-edge technologies and diagnostic capabilities, is playing a pivotal role in meeting this pressing need. As the market prepares for this phenomenal growth, industry experts anticipate a transformative impact on healthcare practices worldwide.

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Immunochemistry analyzers run tests on patient samples automatically to detect any number of biologically active substances. Another factor driving immunochemistry analyzer demand is its application in infectious disease testing, cancer, cardiac, and autoimmune diseases.

The rise in demand for improved diagnostic equipment, as well as the rise in automation and integration trends, has resulted in the creation of novel products, which are likely to provide substantial growth opportunities for the immunochemistry analyzers market from 2022 to 2032.

What are the Growth Propellers to the Global Immunochemistry Analyzer Industry Share?

One of the major factors driving the growth and demand for immunochemistry analyzers is the increased demand for diagnosing and identifying microorganism-based illnesses.

Furthermore, the rapid rise in the need for controlling and suppressing the occurrence of significant diseases, as well as the rising demand for immunochemistry analyzers for the incidence of chronic disease conditions such as cancer and autoimmune disorders, are expected to drive growth in the global immunochemistry analyzers market from 2022 to 2032.

Similarly, the increasing elderly population, rapid changes in lifestyle, and increased smoking and drinking habits are expected to drive immunochemistry analyzer market growth.

Furthermore, the increased demand for automated and portable immunochemistry systems is expected to drive the immunochemistry analyzer industry.

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Which Region Holds the Highest Growth Potential in the Immunochemistry Analyzer Industry?

North America led the immunochemistry analyzers market with a 38% revenue share, followed by Europe.

The commercial availability of sophisticated technology items and the high adoption rate of these products were primarily responsible for North America’s largest immunochemistry analyzer market share. Furthermore, major players in the country generate revenue for the US.

The Asia Pacific region immunochemistry analyzers market is expected to grow rapidly between 2022 and 2032, at a CAGR of 7.0%. Japan is a leader in technological advancements and the increased use of immunochemistry analyzers for a variety of applications. Furthermore, China is a significant contributor to the growth of the immunochemistry analyzers market.

The region’s thriving medical tourism business is likely to stimulate demand for immunochemistry analyzers in countries such as Japan, China, Malaysia, Thailand, and India. The availability of trained Major pharmaceutical companies are relocating their manufacturing operations to Asia Pacific due to low-cost labour and modern manufacturing infrastructure.

As a result, the region’s constantly expanding number of industrial facilities is propelling the Asia Pacific immunochemistry analyzers market forward.

How is the Competitive Landscape in the Global Immunochemistry Analyzer Industry?

Siemens, Abbott Diagnostics, Beckman Coulter, Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc., and F. Hoffmann-La Roche Ltd. dominate the immunochemistry analyzer industry.

Mesa Biotech, a private point-of-care molecular diagnostic startup, was purchased by Thermo Fisher Scientific Inc. in February 2021.

In January 2021, Abbott received the CE Mark for their Panbio COVID-19 Ag Rapid Test Device for the asymptomatic detection of the SARS-CoV-2 virus. It is also capable of self-swabbing.

Beckman Coulter, a Danaher (US) company, will launch the Access SARS-CoV-2 Antigen assay, the first high-quality and throughput test for COVID-19 antigen diagnosis, in the United States in December 2020.

Thermo Fisher Scientific will introduce its EliA SARS-CoV-2-Sp1 IgG test and OmniPATH COVID-19 Total Antibody ELISA test for the detection of COVID-19 antibodies in October 2020.

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Global Immunochemistry Analyzer Industry Key companies profiled

Siemens, Abbott Diagnostics, Beckman Coulter, Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc. and F. Hoffmann-La Roche Ltd.

Global Immunochemistry Analyzer Industry Customization scope

Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Global Immunochemistry Analyzer Industry Key Segments

By Product Type:

  • Chemiluminescence Immunoassay
  • Immunofluorescence Analyzers
  • Radioimmunoassay
  • Enzyme-Linked Immunoassay
  • Consumables and Accessories

By Application:

  • Therapeutic Drug Monitoring
  • Oncology
  • Cardiology
  • Allergy Testing
  • AIDS
  • Endocrinology
  • Infectious Disease Testing
  • Autoimmune Disease
  • Others

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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.

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
LinkedIn| Twitter| Blogs | YouTube

Dehydrated Onions Market Ascension: Anticipated to Climb at a 19% CAGR by 2033, Unraveling the Layers of Growth and Opportunities

The predicted size of the global dehydrated onions market in 2022 was close to US$ 1.1 billion. The global dehydrated onion market is growing due to reasons such as increased consumer demand for fast food as well as ready-to-eat convenience foods. It is thus anticipated to have produced US$ 3.6 billion by 2023, alongside a CAGR of 19% from 2023 to 2033.

This growth is driven by the rising demand for convenient and flavor-enhancing food ingredients, highlighting the market’s promising future.

The growth of fast-food restaurants, hotels, and food processing industries has raised demand for dried onions, which are used as important ingredients in a variety of cuisines. In addition, direct consumption via family recipes will drive market growth at a CAGR of more than 5.1% between 2021 and 2031.

The Dehydrated Onions Market is quickly developing due to numerous benefits such as increased shelf life, simplicity of use, and preservation of flavour and nutritional value. Dehydrated onions have a wide range of culinary uses, owing mostly to the rising demand for processed and convenience meals, which is driving market expansion.

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FMI predicts that the United States, Germany, the United Kingdom, China, and India will dominate the worldwide infant formula market between 2023 and 2033. Across these countries, corporate and public players are stepping up to encourage the use of infant formula to aid in the growth of babies.

The demand for onions is growing as a result of improvements in the technology used to create dehydrated food. The adoption of hoover and air-dried technologies in manufacture and distribution is encouraging for the sector. Additionally, producers of dehydrated onions have noticed opportunities for growth thanks to regulatory licences.

Key Takeaways from the Dehydrated Onions Market Study

  • The U.S. dehydrated onions market will grow from US$ 319 Mn in 2021 to US$ 478.2 Mn in 2031. This represents an absolute $ opportunity of US$ 159.2 Mn in the forecast period.
  • Conventional dehydrated onions account for 87% of the market in 2021, supported by lower costs and easier access to required volumes of raw materials.
  • White dehydrated onions will grow at a CAGR of 4.9% from 2021 to 2031, driven by higher crop and processing yields.
  • The U.K. will emerge as a leading market in Europe, accounting for more than US$ 44 million in 2021, aided by strong demand from the food processing sector of the country.
  • GCC countries will remain major contributors to the MEA market with a share of 39.3% in 2021, supported by relatively high export levels.

Robust Supply Chains to Increase Market Penetration

Global supply chains for dehydrated onions are largely mature, with adequate transportation infrastructure available to facilitate product movement. Dehydrated onions have benefited from existing supply methods since they may reach clients directly without barriers. Most dried onions come in specialized packaging, which makes storing and transportation easier.

For dehydrated products, companies are using the similar supply chain and transportation modes that find use in frozen food. With minor modifications in storage units, transportation can be made easy and hurdle-free, which improves the trade of dehydrated vegetables.

Almost all developed countries (excluding the Middle East) have an established supply chain, due to which, they are able to supply products directly to retail stores and customers on time.

Who is Winning?

Leading manufacturers in the moderately fragmented dehydrated onions market are focusing on capacity expansion, investments into strategic geographic expansion and infrastructure developments for product processing applications.

Some of the leading companies offering dehydrated onions are Olam International, Jain Farm Fresh Foods Ltd, Daksh Foods Pvt. Ltd., Jiyan Food Ingredients, Natural Dehydrated Vegetables Pvt. Ltd., Real Dehydrates Pvt. Ltd., Earth Expo Company, Kisan Foods, Harmony House Foods, Inc. Company, Silva International Inc. Company, Green Rootz, BC Foods Inc., Suszarnia Warzyw Jaworski Sp. J., Pardes Dehydration Company, Murtuza Foods Pvt. Ltd., Darshan Foods Pvt. Ltd., Garon Dehydrates Private Limited, Rocky Mountain Spice Company, R. J. Van Drunen & Sons, Inc., German Foods and other.

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Dehydrated Onions Market by Category

By Nature:

  • Organic
  • Conventional

By Variety:

  • White Onion
  • Red Onion
  • Pink Onion
  • Hybrid

By Form:

  • Chopped
  • Minced
  • Granules
  • Powder
  • Flakes
  • Kibbled
  • Sliced

By End Use:

  • Food Proccessing
    • Dressing & Sauces
    • Ready Meals
    • Snacks & Savory
    • Infant Food
    • Soups
    • Others
  • Food Service Providers
  • Retail/Household

By Technology:

  • Air Drying
  • Vaccum Drying
  • Freeze Drying
  • Microwave Drying
  • Spray Drying
  • Others

By Distribution Channel:

  • B2B
  • B2C
    • Hyper/Super Markets
    • Convenience Stores
    • Specialty Stores
    • Traditional Grocery Retailers
    • Online Retailers

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.

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
LinkedIn| Twitter| Blogs | YouTube