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PPE Embedded with Smart Technologies Emerging as Tech Trend Driving Growth of Personal Protective Equipment Market

In this modern industrial era occupied by machines and equipment, accidents and hazards at the workplace is common. Falling objects, sharp edges, flying sparks, noise, chemicals, and the myriad of many other hazardous situations are recurrent at facilities. To protect the workers from the hazard, a work management approach that allows utilization of Personal Protective Equipment (PPE) is contemplated as significant and an alternative means for protecting the workers. In the recent era, automation, industrial development, and digitalization has surged the safety of the workers and has condensed the need for protection at many workplaces. However, there is still a considerable number of jobs that need protection. Owing to such risks in the application industries, in 2018 3M, a global leader in worker safety producing PPE equipment, launched DBI-SALA Smart Lock to improve the safety of the workers. These smart locks series of self-retracting lifelines have emerged as a trend in the PPE market. It increases the productivity and accommodates work motions in vertical and horizontal applications. Such locks have reduced the number of accidents at site. The magnetic retraction systems retracts at an evenly controlled pace and reduces accidental lock-ups. Introduction of smart lock ups, influenced the companies to launch smart respiratory protective equipment, smart hearing protection, and smart hand protection. Due to increasing concerns related to workers safety and site accidents, the global personal protective equipment market size was evaluated to be $46.5 billion in 2018. The demand for PPE in the market is progressing at a CAGR of 6.95% during the forecast period 2019-2025.

Reportedly, more than 2.3 million men and women succumb every year due to work-related accidents and diseases which is almost 6000 deaths every day globally. Worldwide, there are around 160 and 340 million fatalities of work-related illness and occupational accidents annually, respectively. Furthermore, globally in 2016, 48,060 injuries took place wherein the workers were injured badly and out of which 697 deaths occurred due to falls to a lower level. The negligence of using personal protective equipment at the workplace leads to the increasing rate of occupational accidents at the workplace. Furthermore, growing awareness regarding employee health and safety and at the same time increasing casualties at the workplace is attributable to the personal protective equipment market expecting a spur in the coming years.

Stringent Regulation Imposed by the Government

The stringent regulations imposed by the government has positively impacted the growth of the PPE market, simultaneously growing the demand for the products in the countries. Imposed strict regulations and policies in factories are to avoid occupational accidents, deaths, and illness. Some of the government regulations are as follows:

  •    U.S. Department of Labor's Occupational Safety and Health Administration(OSHA) 1970 

OSHA’s major role is to promote the health and safety of the working men and women enforcing and setting standards. Providing outreach and education, training, and establishing partnerships with companies situated in America. OSHA continuously work towards encouraging regular workplace safety and health. It mostly provides services to the private sector workers and employers along with some of the public sector workers and employers in 50 states and territories, and their jurisdictions under federal authority. The agency has been established with enforced law against those who put their lives of the workers at risk and common sense standards. Because of the stringent regulation by the US government, personal protective equipment market is gaining huge traction in North America. 

  • National Safety Council

National Safety Council (NSC) is a nonprofit, public service 501(c) (3) organization that promotes safety and health in the United States of America. NSC works along with the U.S. OSHA and the U.S. Department of Labour to strengthen workplace safety. The objective of this group is to focus on preventable injuries and deaths that can happen at the construction sites or manufacturing units. They provide classroom programs and online training to the employers and the employees to educate them about the casualties that can happen due to negligence. Several industries are continuing to follow NSC norms to give their works training programs on a regular basis, which is directly impacting the growth of the PPE market.

  • Health and Safety Executive Act 1974

The Health and Safety Executive is a UK government agency. They are responsible for the regulation, enforcement, and encouragement of workplace welfare, health, and safety. This agency is sponsored by the Department of Work and Pensions. As a part of it, HSE investigates all types of accidents that occur at a workplace from industrial accidents to major accidents such as explosion and fire.  

Smart PPE: An Emerging Tech Trend in the Market

Personal protective equipment is mandatory at the workplace where there are chances of deaths and injuries. Wearable technologies have gained momentum over the past few years. Smart technologies such as fitness trackers, phones, and watches have become an integrated part of PPE market. The body parts that are vulnerable are suitably equipped with the actuators and sensors that it is interconnected so that communication, interaction, and reaction with the wearer becomes safe, comfortable, and protective.

  • Smart Eyewear:The intelligent eyewear protection delivers enhanced communication, connection to the workers, and increased access to data. Such an eye protection device is important in the high-hazard industries. Additionally, the corner of the lens has displays that provide information giving the users access to sensor data that can be visualized on the inner surface while being worn. These displays provide the information and the documents by alerting the wearer.
  • Smart Helmet:Smart Helmet or e-hat, is the hardhat that is built-in smart technology that allows the worker to convey audio, video, and data back to the central workstation. This communication can be done to experts located in any part of the world. Smart helmets are embedded with meta sensors that evaluate the situations by significantly enhancing and providing information for protective functions. These chips use sensors that detect temperature, moisture, brightness, and GPS. Such innovation has influenced the growth of the personal protective equipment market.
  • Smart Gloves:Safety gloves are integrated with near-field communication (NFC) that enables the users to access the information through their tablet or phone. In addition to this, the gloves can also be customized, infrastructure can be regulated, and have access to machines. The chips are programmed in such a way that provide access to the data sheets when the gloves are scanned by the users to check the chemicals that are safe to use. These chips also act as swipe card on the products.
  • Coldwear:There are jackets that are developed with sensors to monitor the health of the workers while they are working in extremely cold conditions. The jacket takes the reading of humidity, body temperature, and perspiration inside and outside the suit and can also track the location of the workers. This attire sends the information back to the central point, specially designed for arctic oil fields. This jacket goes a long way to protect the workers in the utmost harsh weather. Owing to the features of the jackets the demand for the PPE in the marketplace has drastically increased.  

North America Region Likely to Remain on Top

In 2018, North America dominated the global personal protective equipment market with a regional share of 33% due to the increased adoption of products from end-use industries. The construction industry is growing and so is the demand for PPE. The region has started adopting smart PPE for the protection of the labors and widely using the virtual arms in the sector. In addition to this, in the U.S. construction industry recorded disproportionately high rate of accidents, with 971 deaths in 2017. Rising deaths and injuries are creating growth opportunities for the company’s manufacturing PPE. The U.S. holds the major revenue share due to high product penetration and adoption of personal safety equipment which is attributed to hefty penalties for non-compliance with the standards coupled with the stringent regulatory scenario. Increasing surge about the awareness related to work safety in the growing industrialization, pharmaceuticals, chemical, automotive, and food processing industries are the major factors that are driving the demand for the personal protective equipment.

Manufacturing Application Growing Intensively

Manufacturing is gaining the maximum traction in the global PPE market, which is growing at a CAGR of 6.55% during the forecast period. In developing economies such as APAC and South and Central America, the manufacturing activities are primarily increasing which is boosting the demand for protection products for employees, thereby driving the personal protective equipment market growth. The manufacturing industry requires the heavy deployment of personal protective gear as it involves huge auxiliary and primary processes for metal manufacturing and welding. Hence, the workers are exposed to situations where they have to switch from hard hats to face shields and welding helmets to safety goggles.

The Major Players in the Market

Some of the key players dominating the PPE market are National Safety Apparel, MSA SAFETY, 3M Company, Honeywell International, Rock Fall Ltd., Sioen Industries NV, Alpha Pro Tech, Ltd., Ansell Limited, and Radians, Inc. Many companies are introducing new products in order to increase their market presence or entering into strategic mergers and acquisition, joint ventures, and partnerships. 

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Hand Sanitizer Market is anticipated to hit $1.9 billion by 2023 at a CAGR of 7.8%

According to the new market research report by IndustryARC titled “Hand Sanitizer Market: By Product Type (Foam based, Gel based, Liquid, Wipes, Sprays); By Solution (Alcohol, Triclosan, Quaternary Ammonium Compounds, Silver/iodine); By End user industry (Healthcare, Educational Institution, Domestic/household, Corporate offices, Restaurants and others); By Sales Channel (Online and Offline) & Geography Analysis & Forecast - (2018-2023)”, the market is driven by the prevalent media coverage about disease outbreaks, and also by public awareness campaigns along with large endorsements by global health institutions such as WHO (World Health Organization) that plays a significant role in promoting hand sanitizer products worldwide.

 
Browse 75 Market Tables, 178 Figures spread through 145 slides and an in-depth TOC on “Hand Sanitizer Market (2018 - 2023)
 
Americas held the largest market share in the Hand Sanitizer Market:
 
Americas hold the largest market share in the Hand Sanitizer Market and is anticipated to reach $603.3 million by 2023 at a CAGR of 5.19%. However, Asia-Pacific is projected to witness the highest growth rate and is anticipated to reach $627.2 million by 2023 at a CAGR of 12.6%. Increased awareness and adoption, especially in emerging economies, and continuous product and package innovation by the market players, are the major growth factors that propel the growth of Hand Sanitizer Market globally. The key applications include healthcare, educational institutions, corporate offices, restaurants, and public organizations among others.
 
Selected Value Chain Analysis:
 
Value chain for hand sanitizers has been established as an interdependent and complex network, comprising of raw material providers, product providers, contract manufacturing firms, health institutes and distributors.
 
Top players follow a decentralized approach in production, having their manufacturing presence in strategically important, yet low cost countries in each region and serve the end users through local distribution networks. This scenario also boosts the international trade of finished products.
 
Regulatory bodies approve active compounds, products, product extensions, package designs through thorough analysis of their chemical and physical properties related to the safety and environmental impact while in use. In addition, they also establish and maintain regulations that provide guidelines for manufacturing, storage and distribution of raw materials and finished products. Regulations are set to tighten in the coming years, especially related to the toxicity of the materials.
 
Collaborative research involving various stakeholders including health institutes is needed, which boosts innovation according to the disease outbreaks, and also the authenticity of the products.
 
Promotional activities play an important role in boosting the sales of the products. In addition, increasing incidents as well as awareness about flus and contagious diseases also impact the sales trend.
 
Market players also develop and sell dispensing systems in order to create longer and stronger brand image, while providing the convenience of dispensation.
As packaging designs have become an important factor of differentiation, the innovation of bottles and tubes is set to intensify in the coming years.
 
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Excerpts on Market Growth Factors:
 
The market for Hand Sanitizers is driven by the growing number of infection cases acquired from hospitals. Advances in product preparations such as adding scents, are offering a new opportunity in the global hand sanitizer market. 
 
Highly recommended use of hand purifiers, owing to their effectiveness in killing germs and microorganisms, is projected to drive the sale of hand sanitizing products in the market. 
 
Gels are the widely used form of hand sanitizers globally, and is estimated to reach $1 billion by 2023 at a CAGR of 7.9%.
 
North America will record the highest growth in population over 65 years of age by 2030, while the number of elderly people in Europe will grow to 29% of its total population by 2050. This will also lead to an increase in dependency of this older generation on elder care facilities, where hand sanitizer market faces increased penetration.
 
According to WHO, the number of people who die from chronic diseases is set to rise from 40.4% of total deaths in 1990 to 66.7% of all deaths by 2020. The increasing risk of hospital acquired infections and surgical risks due to the rise in chronic diseases has led to the growing focus on reducing the impact of these problems. This has led to increased use of hand sanitizers in order to reduce the impact in hospitals.
 
Use of hand sanitizers to reduce water usage has been a driver for adoption by an increasingly environmentally aware populace. The rising awareness regarding the health benefits of hand hygiene of these sanitizers has also positively impacted the market.
 
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Key players of Hand Sanitizers Market:
 
Key companies in hand sanitizers market held major part of the total market share. These companies include Gojo Industries Inc.(U.S.), Proctor & Gamble (U.S.), Unilever (U.K.) and Reckitt Benckiser Plc (U.K.).
 
Reckitt Benckiser held the major market share for hand sanitizer globally. P&G was the second most dominating company, followed by Gojo Industries Inc. 
Global hand sanitizer market is fragmented, with multiple regional level players as well as private label brands.
 
Other key players in the market are Chattem, 3M Company, Best Sanitizers Inc., The Dial Corporation, Nice Pak Products Inc. Skin Visible Inc. and others. These players held a Lion’s share of the hand sanitizers market.
 
Many local players tend to offer low priced products in order to mark their presence and compete with the international players.
 
Key players such as GOJO Industries, Inc, Reckitt Benckiser, Chattem, P&G and Unilever are launching new products, partnering with organizations to spread awareness regarding hand care, and thus, adding to the market share and driving the market. Apparently, Gojo hand sanitizers are much popular to their credit.
 
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SPOILER ALERT!

Acute Care Ventilator Market - Forecast(2020 - 2025)

Acute Care Ventilator Market Overview
Acute Care Ventilator Market size is forecast to reach $2.81 billion by 2025, growing at a CAGR of 7.31% during the forecast period 2020-2025. Acute care ventilators are used to provide ventilation support to patients who are unable to breathe on their own or who require assistance to maintain adequate ventilation. Increasing pollution induced diseases such as chronic obstructive pulmonary disease (COPD), asthma and increasing surgeries with the growing demand for healthcare therapeutic devices are the major factors driving the growth of the market. Increasing geriatric population and increasing investments in healthcare by government and private organizations rise is set to further enhance the overall market demand of acute care ventilator market during the forecast period 2020-2025.
 
Key Takeaways
  • North America dominates the acute care ventilator market in 2019 owing to rising geriatric population and highly developed healthcare system. The acute care ventilator market scope for different regions will be provided in the final report.
  • The increase in healthcare spending and rise in adoption of acute care ventilator and growing geriatric population is likely to aid in the market growth of acute care ventilator market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the acute care ventilator market report.
  • High cost of acute care ventilator and high risks of hospital acquired infections is set to create hurdles for the acute care ventilator market
 
Product- Segment Analysis
The Mechanical acute care ventilator segment held the largest share in the acute care ventilator market in 2019 and is estimated to grow at a CAGR of 8.27% during the forecast period 2020-2025. The growth in this segment can be attributed to the escalating government expenditures in healthcare that promote the adoption of the mechanical acute care ventilator market .Mechanical acute care ventilator is a machine designed to facilitate breathable air into and out of the lungs, to provide breathing for a patient who is physically unable to breathe or is breathing insufficiently. The rising geriatric population who is more prone to respiratory disorders significantly drives the growth of the acute care ventilator market. Advantages of mechanical ventilators like quicker recovery and major product launches by key market players like Mindray Medical International Limited and GE Healthcare are some other factors driving the growth of this segment in the acute care ventilator market. It is estimated that mechanical acute care ventilator is set to be the fastest growing segment and is set to register highest CAGR during the forecast period 2020-2025.
 
End User - Segment Analysis
Home Care segment holds major share in the acute care ventilator market in 2019. This is owing to the growing out-of-pocket healthcare expenditure and growing per capita income along with increased awareness regarding advanced technologies among patients and doctors. A large pool of respiratory disorder patients, rising acceptance and demand   for low cost and user friendly home healthcare products is increasing the growth of the acute care ventilator market.
 
Geography - Segment Analysis
North America dominates the acute care ventilator market in 2019 with a market share of more than 39.7%, followed by Asia Pacific. North America dominates the acute care ventilator market owing to the rise in disposable income and increase in investments in healthcare by the government and private organizations along with the use of the acute care ventilator during surgery and post-surgery to promote normal breathing. High prevalence of smoking and respiratory diseases along with the high healthcare expenditures and high developed healthcare system drives the growth of the acute care ventilator market in North America.
However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the high population base, increasing demand for home care products and enhanced government expenditure on healthcare along with the increasing chronic respiratory diseases.
 
Drivers – Acute care ventilator market
 
  • Rising prevalence of respiratory diseases
The demand of the acute care ventilator market is increasing with the increase in the respiratory diseases. The rising prevalence of respiratory diseases is increasing the rate of hospital admission and re admission of the affected patients. Urbanization and growing pollution levels, high prevalence of tobacco smoking and unhealthy lifestyle habits are contributing to the rise in the number of cases of respiratory and cardiovascular diseases, thereby driving the demand for acute care ventilator market.
 
  • Growing demand for healthcare therapeutic devices
The rapid growth in the global geriatric population, rising incidence of respiratory diseases and the cost-effective nature of home care devices and services are driving the growth of the acute care ventilator market. This is directly resulting in an increased demand for respiratory therapeutic devices. Moreover, the high growth potential in emerging markets, healthcare decentralization and evolution of miniaturized devices are the other major factors that is set to provide significant growth opportunities to acute care ventilators market.
 
Challenges – Acute care ventilator market
 
  • High cost of acute care ventilator and high risks of  hospital acquired infections
Some of the factors that is estimated to impede the growth of the acute care ventilator market are high cost of acute care ventilator market, high capital requirement, high risks of hospital acquired infections and stringent regulations is set to hamper the growth of the acute care ventilator market.
 
Acute Care Ventilator Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the acute care ventilator market. In 2019, acute care ventilator market share is consolidated by the top ten players present in the market. Acute Care Ventilator  top 10 companies are Becton, Dickinson And Company  , Beijing Aeonmed Co  Ltd  , Drgerwerk Ag  , General Electric Company , Getinge Ab  ,Air Liquide, Hamilton Medical Ag , Koninklijke Philip N V  , Maxtec, Inc   and Medtronic Plc among others.
 
Acquisitions/Product Launches
In July 2017, Medtronic collaborated with Mercy Catholic healthcare system to establish a new data sharing and analysis network that helps gather clinical evidence for medical device innovation and patient access.
In May 2017, Air Liquide acquired Sogo Sangyo Kabushiki Kaisha and OxyMaster to expand the home healthcare portfolio of the company across APAC and Latin American regions.
 

Sputter Coater Market Will Leverage Demand From The Electronics and Semiconductor Industry

The sputter coater market’s growth will be highly dependent on the electronics and semiconductor industry. Sputtering is a highly sustainable technique used in electronic products that require metallic coating ranging from 3 to 5 micrometers. One of the prime examples of sputter coating is in the metallic layering of the electron microscope. Owing to the growth in the electronics industry, the process of sputtering has witnessed tremendous innovations including graphene oxide sputtering, magnetron sputtering, and others. With the increased usage of smartphones and computer systems across the world, the sputter coater market has observed considerable growth. The sputter coater market has been observed to grow with a CAGR of 5.23% during the forecast period 2019-2025. In 2018, the market assembled a revenue of $5.3 billion.

 

Sputter Coater Market: Leading Segment is Electronics

 

On the basis of end-use industry, the sputter coater market can be segmented into automotive, electronics, semiconductor, institutes, and others. The sputter coater market’s leading segment has been evaluated to be electronics. During the forecast period 2019-2025, the electronics segment is expected to grow with a CAGR of 6.24%. This can be attributed to various reasons such as the increase in the Internet of Things technology and customer preference for gorilla glass in cellphones and other electronic components.


Sputter Coater Market: Leading Region is North America

 

On the basis of geography, the sputter coater market can be segmented into North America, South America, Europe, APAC, and EMEA. According to IndustryARC’s analysis, North America has emerged as the most profitable region in the market. In 2018, the North American region held a 38% share of the total revenue earned by the market globally. North American countries including the USA and Canada are ahead comparatively in terms of adapting technology.

The sputter coater market will also gain demand from the APAC region. China and India are emerging as competitive countries in the sputter coater market.


Sputter Coater Market: Competitive Landscape


Key companies holding major shares in the sputter coater market are Materion, ULVAC, JX Nippon Mining & Metal, Heraeus, Honeywell, Umicore, Praxair, Tosoh SMD, Soleras Advanced Coatings, China Rare Metal Material, and Jiangyin Entret Coating Technology.


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Fire Protection Materials Market Reigning the Construction Sector with a Special Focus on Fire Risk Management

With the global industrial sectors accelerating at a fast pace, the need to enhance fire safety measures are skyrocketing. Often, companies need to maintain high standards of comprehensive frameworks to prevent circumstances such as occupational injuries and fire accidents. However, the number of fire accidents related to physical, chemical, and biological hazards are increasing in diverse sectors. Around the world, about 340 million work-related accidents are estimated to happen every year. These incidents are leading to more than 6000 deaths in a single day. With these fatal incidents rising, there is a significant demand arising to integrate fire protection materials in the buildings to ensure safety from hazards associated with fire. Thus, the demand to safeguard human life and preserve ergonomic factors is augmenting the growth of the active and passive fire protection materials market across various commercial and residential sectors.

The global fire protection materials market size reached a value of $4.86 billion in 2018. Furthermore, the industry is experiencing lucrative growth with a notable CAGR of 8.7% during the forecast period 2019-2025.

 

Commercial Construction Segment Experiencing Ample Opportunities in the Global Fire Protection Materials Market

Commercial construction emerged as the fastest-growing segment in the global fire protection materials market rising with a CAGR of 6.7% over the aforementioned period. Rising occupational accidents and fire safety initiatives by associations and government organizations are the eminent reasons catering to the fire protection materials market demand in this segment. These rising occupational accidents and diseases create a paramount economic burden on the organizations and countries occupying an estimate of about 3.94% of global GDP (Gross Domestic Product) every year. Consequently, this burden incurred is driving the government bodies to levy stringent fire safety regulations which in turn is amplifying the growth of fire protection materials market in commercial spaces.

 

Typically, in commercial buildings such as hospitals, offices, and retail, passive fire protection products top the priority list owing to their huge demand concerning the builders, facility managers, and owners. This, in turn, boosts the passive fire protection materials market demand in the commercial constructions. Furthermore, these buildings are often treated with fire protection coating with soluble silicates such as sodium silicate, calcium silicate, and potassium silicate in the form of intumescent paint. As a result, these prospects collectively are spurring the fire protection materials market growth in commercial construction.

 

APAC Dominated the Global Fire Protection Materials Market

APAC held the largest part in the global fire protection materials market share with 38% as of 2018. Dominant construction and infrastructural sectors in APAC countries such as India and China are leading the market growth in this region. Increasing urban and economic growth is driving the industrial, commercial, and residential constructions in China and India. China’s “Road and Belt Initiative”, “Made in China”, and India’s “Make in India” initiatives are enthralling huge investments towards the construction sector of these countries. Besides, the construction industry is considered as one of the most dangerous places to work. Therefore, successful construction businesses are ought to maintain effective fire protection and risk management initiatives to guard occupant safety. Thus, the reigning constructional activities in APAC which hold huge prominence for fire safety measures are surging the APAC fire protection materials market growth.

 

Global Fire Protection Materials Market – Key Market Players

The key companies operating in the global fire protection materials market are Hilti Group, 3M, Akzo Nobel N.V., Morgan Advanced Materials, Specified Technologies Inc., Etex, Tremco Incorporated, BASF SE, Isolatek International, USG Corporation, Hempel Group, PPG Industries Inc., W.R. Grace & Co., Rolf Kuhn GmbH and Rectorseal. These companies are increasing their global presence with seamless expansions and product launches in the global fire protection materials industry.

 

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High Performance Adhesives Market Demand Upheaved with a Growing Inclination Towards Natural Glues and Water-Repelling Characteristics

Natural And Water-Proofing Properties Expedites The Consumer Demand:

The clean label trend has revolutionized the modern industrial businesses thereby encouraging the manufacturing companies to use more natural and environment-friendly products. This trend has entered the high performance adhesives market which is considerably gaining a lot of demand form the end-users across the world. Besides the natural ingredient-based manufacturing if high performance adhesives (some of which also work on thermal bonding), some of the key players are incorporating water-proof properties in their products. This is largely helpful in roof construction, automotive, electrical appliances, and many others. Also, pressure sensitive labels and hot melt glue guns are hugely popular in recent times which is constantly pushing forth the business of the high performance adhesives market. Subsequently, the niche market growth scopes are uplifted with the introduction of organic materials and water-proofing properties in the high performance adhesives to enhance its suitability in industrial and household purposes worldwide.

 

The high performance adhesives market acquired a huge revenue in 2018. With a market size of over $9.1 billion this year, there is a prospect for growth opportunities in the forthcoming years. This is enabled by the huge application of adhesives in a lot of working sectors and manufacturing procedures worldwide. Moreover, the high performance adhesives market is anticipated to experience a 6% CAGR during the forecasted period of 2019-2025.

 

Transportation Impacting The High Performance Adhesive Market Growth:

The transportation industry is one of the fastest-growing segments across the world since other industries and commercial sectors are heavily dependent on its integrated supply chain network. Transportation modes such as trucks, rails, aircraft, ships, and others necessitate adhesives for assembling procedures and also during their manufacturing. Concurrently, the market analyst at IndustryARC estimates the application of high performance adhesives in the transportation industry will experience a CAGR of 5.5% through to 2025.

Additionally, cargo and product packaging and transport from one place to another require adhesive glue for tags, labels, and coating wraps. Also, the trucking transportation services acquired revenue of $700 billion in 2017 which also highlights the profit income of the high performance adhesive market. The Asia Pacific region is experiencing huge growth in the freight transportation section which significantly uplifts the domestic high performance adhesives market revenue. In the year 2016, China moved 6,108,010 million-ton kilometer freight; in 2017 India transported 2,435,870 million-ton kilometers goods, whereas in the same year Japan moved 210,829 million ton-kilometer products across road and rail. This signifies the need for high performance adhesives in the transporting process in this region which directly boosted the niche market growth. Accordingly, induced by an expanding transportation industry, the APAC contributed a major regional share of 36.3% to the global high performance adhesives market in the year 2018.

 

Major Players In The High Performance Adhesives Market:

Some of the well-known global leaders in the high performance adhesives market include 3M, Bostik, Illinois Tool Works, H.B. Fuller, Sika, Pidilite Industries, Henkel, Royal Adhesives & Sealants, Avery Dennison, and others.

 

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  1. Industrial Adhesives Market

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Food Authenticity Market Supported by Blockchain Technology Witnessing Disruption through Emerging Processed Food Sectors

The spurring food joints, restaurants, and cafes due to the evolving dietary choices of the current generation have made the global food and beverage industry one of the economic leaders across the world. However, this massive growing industry has its flaws. While the market players are bagging in revenues, several food frauds are on the rise. The global food industry suffers the burden of around $49 billion owing to food fraud which is a serious issue all over the world. This has given rise to the concept of food authenticity. The surging food and beverage industry mixed with outgrowing food frauds is driving the food authenticity market. While several technological advancements and testing processes are disrupting the market, with the latest food scanner, consumers can themselves self-scan the food and view the results on the smartphone or tablet instantly. This innovation will further contribute to the expansion of the food authenticity market, which collected a revenue avenue of around 5.72 billion by the end of 2018 and is projected to increase at a CAGR of 7.99% during the forecast period 2019-2025.

 

Food Authenticity Market Analysis: Key Application

One of the major utilization of the food authenticity process is speciation of meat under the target testing sector, which is projected to witness increment at a CAGR of 7.5% during the forecast period 2019-2025. The animal farming sector is capitalizing on food security concerns, accounting for nearly 40% of the global agricultural production value.While the concept of clean meat involving plant nutrition is on the rise, incidents such as the horsemeat scandal of 2013, 20 tons of carcass meat found in Kolkata factory in 2018, and others are increasing concern towards human health. Also, the processed poultry meat market is estimated to reach $1,065.7 billion by 2023, contributing to the growth of the food authenticity market involving meat speciation through the target testing process.

 

North America Food Authenticity Market Overview:

High competition among food producers, recurring instances of food debasement such as adulterations, false labeling, and certification, and others are leading to the expansion of the North America food authenticity marketplace. This is leading to growth in demand for adulteration tests and PCR analysis of food in the region. In 2018, North America grabbed the largest food authenticity market share with 35% amidst the global market. In North America, nearly $60 billion is exhausted annually on products disguised as authentic Italian, in which the US grabs the largest part. Various organizations are working with the Ministry of Economic Development, and the Italian Chambers of Commerce of the United States, Canada, and Mexico to retain the Italian heritage and authenticity of the food in North America. Hence, the food authenticity market of the region will flourish in the upcoming years, paving opportunities for several market players.

 

Food Authenticity Market Trends & Growth Drivers:

To detect food fraud, the labeling of products has become extremely necessary. Blockchain technology, which enables companies to quickly track unsafe products back to their source and see where else they have been distributed is one of the latest innovations that is attributing to food safety. The global blockchain market is expected to grow at a CAGR of 79.6% during the forecast period 2018-2023, thereby escalating the food authenticity market size. Also, the growth of convenience food, frozen food, processed food, and others are creating a demand influx in the food authenticity market to avoid food fraudulence and ensure health and wellness.

 

Food Authenticity Market Competitive Landscape

The principal business leaders who are currently holding maximum food authenticity market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are SGS S.A., Intertek Group plc, Eurofins Scientific, Mérieux NutriSciences Corporation, Microbac Laboratories, Inc., EMSL Analytical, Inc., ERBER Group, LGC Science Group Ltd, FoodChain ID, Inc., ALS Limited, and others.

 

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Growing Prevalence of Warehouses Driving the Growth of Field Service Management Market

Tremendous Drift in the Field Service Management Market Registered Owing to the Heavy Application in Multiple End-User Industries

Huge infrastructure establishments in the oil and gas industry, transportation sector, aerospace, telecom, healthcare, and military & defense vertical requires a process for asset and resource management installed over third-party locations. Also, managing personnel and assets during transit and delivery services is an essential task for any supply chain. Thus, the need for a streamlined asset management system in the supply chain is creating demands in the field service management market which held the global market size of $2.78 billion in 2018 and opportunities in the same are expected to augment at a double-digit CAGR of 14.70% during the forecast period 2019 to 2025. The global field service management market is leveraging on the Internet of Things (IoT), cloud computing, field service management software, and field service software.

 

Application Analysis in the Field Service Management Market

The industrial applications in the energy, oil & gas, and mining sectors are prolific as field service automation is benefiting the end-user industries in a number of ways including route optimization, customer management, work order management, and mobile workforce management. However, the manufacturing sector was observed as the most lucrative industrial sector in the global field service management market. Manufacturing is a vast industry and enables production of various products at a large scale, therefore, mobile field service supports the manufacturing industry by improving the communication and transit services. Foreseeing the commendable growth in the manufacturing sector, the demands of field service management in the manufacturing industry is projected to grow at a double-digit CAGR of 10.67% during the forecast period.     

 

Geographical Analysis and Regional Growth Drivers

North America was accountable for 35.28% of the market share and was observed as the most productive region in the global field service management market. North America was one of the first regions to adopt and implement mobile solution in the form of software-as-a-service. Cloud computing in the field service management was initiated from the region which further expanded to other regions. The region hosts some of the most economically proactive nations mainly the United States and Canada, and the maximum demands for field service management are generally generated from the energy and manufacturing sector. Additionally, the growing prevalence of warehouses owing to flourishing e-commerce industry are also referred to be one of the major growth drivers in the field service management market. Thus, the vast gamut of opportunities in various end-user industries are subjected to drive revenues in the regional and global field service management market.

 

Field Service Management Market Competitive Landscape

The companies influencing the field service management market are Accruent LLC, Acumatica, Astea International, ClickSoftware Technologies, Comarch Group of Industries, ConnectMyWorld Technologies Pvt. Ltd., Coresystems AG, FieldAware, GEOCONCEPT Group, IBM Corporation, IFS AB, Infor Global Solutions Inc., Jobber, Kickserv, Microsoft Corporation, Oracle Corporation, OverIT, Praxedo, Salesforce.com Inc., SAP SE, ServiceMax, ServiceNow Inc., ServicePower Inc., ServiceTitan, and ServiceTrade Inc.

 

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Growing Demand for Natural and Organic Beauty Products Fueling the Demand for Growth of the Color Cosmetics Market

Color Cosmetics Market to Witness Stellar Growth with Increasing Demand for Organic Personal Care Products

With the increase in consumer affluence around the globe, the expenditure on cosmetic products is soaring rapidly. The trade value of the global cosmetics industry was valued at $58.4 billion in 2018. Color cosmetics are personal care products used to enhance physical appearance in people. These colorants such as facial foundations, nail polish, lipsticks, and eyeliners are widely used in skincare, make-up, and personal hygiene. Growing demand for natural and organic beauty products among consumers is the primary factor fueling the demand for growth of the color cosmetics market. Furthermore, increasing health awareness among consumers across the globe about personal care is expected to drive the market for color cosmetics. Nowadays, prominent companies in the cosmetics industry are investing more in advertising which includes online promotions on social platforms and also endorsements by celebrities have increased brand value among the consumers. Thus, the digital marketing platform is a crucial marketing strategy for the market players, which in turn, incite the growth of the color cosmetics market.

 

The global color cosmetics market size was valued at $38 billion as of 2018 and is expected to grow with a CAGR of 6.2% throughout the forecast period 2019-2025.

 

North America Holding Major Share of the Color Cosmetics Market

North America generated 31% of the global color cosmetics market revenue in 2018. The rising demand for premium color cosmetics will subsequently fuel the color cosmetics market in this region in the upcoming years. The introduction of augmented reality (AR) and artificial intelligence (AI) in the cosmetics industry are the key factors for this market growth in North America. For instance, LOreal S.A., a French-based cosmetics company has created an AR app Makeup Genius on Aug 09, 2018. This app allows the customer’s virtual application of cosmetics before selecting the final look. Therefore, technological advancements in the color cosmetics market have impelling this market growth in North America.

 

New Product Innovations in Facial Makeup Products Creating Significant Demand for Color Cosmetics Market Growth

The application segment that will be creating the most lucrative opportunities for the color cosmetics market is facial makeup. This application segment is projected to grow at a CAGR of 5.8% through to 2025. Increasing demand for makeup products such as anti-aging cream and UV protection lotions are the key factors for this market growth. Online makeup tutorials are the new trend in this segment and have been impelling the demand for facial makeup products. Nowadays, waterproof makeup products have gained substantial acceptance among the women population globally. Also, new facial makeup product innovations, such as creating foundations that offer light-capturing crystals, which in turn, spur the color cosmetics market size. Thus, new makeup products inventions creating tremendous demand for the growth of the color cosmetics market.

 

The Major Players in the Color Cosmetics Market:

Prominent players in the color cosmetics market include Avon Products, Inc., Chantecaille Beaute Inc., Ciate London, Coty Inc., LOreal Group, Kryolan Professional Make-Up, Revlon Inc, Shiseido Co. Ltd., The Estee Lauder Companies Inc., and Unilever N.V.

 

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Organic Milk Powder Market to grow at a CAGR of 4.93% During the Forecast Period 2019-2025

Organic Milk Powder Market Offers Nutrient-Rich Solutions Serving Healthy Regime of Consumers

For a decade now, organic disruption continues to hit the food and beverage industry. Every year, about 600 million i.e. almost 1 out of 10 people fall ill after eating contaminated foods and around 420,000 people die due to the same reason. Rising food safety concerns around the world are increasing consumer interest in organic foods. Consumers’ interest to be aware of the ingredients and processes used in food manufacturing has increased substantially over the past few years. In addition, governments and other global organizations are strongly focusing to eradicate malnutrition burdens that trigger economic, social, and medical impacts on a country and community. This, in turn, is creating unprecedented opportunities for the organic industry to increase its avenues in the global marketplace. Subsequently, these major drivers are instigating the growth of the organic milk powder market owing to its significant contribution to providing adequate nutrients. Furthermore, unlike whole milk or pasteurized milk, this nutrient-rich organic milk made by spray drying technology is free from pesticides, hormones, and fertilizers and serves as a healthy drink to every individual from babies and toddlers to women, and athletes. Especially in children, organic milk powder and associated products are used to treat moderate and severe conditions of malnutrition. Thus, this increasing demand for nutrition is proliferating the global organic milk market. 

 

The global organic milk powder market size attained a value of $1.98 billion in 2018. Furthermore, the industry is experiencing a constant uptick with a CAGR of 4.93% during the forecast period 2019-2025.

 

Global Interventions Promoting the Organic Milk Powder Market Growth

Organic milk provides a myriad variety of milk concentration formulae and acts as a reliable alternative of breast milk. Many international associations such as the World Health Organization (WHO) are promoting nutritional activities by emphasizing the first 1000 days critical window of child growth. Along with that, the right investment in nutrition is projected to save 3.7 million lives by 2025. Therefore, these nutritional and quality control activities conducted by organizations are creating regulations to meet customer demands and provide sufficient nutrients by supporting the hygiene and food standards. These global initiatives are fostering the intake of organic powdered milk among children and adults simultaneously. As a result, these global interventions are surging organic milk powder growth. 

 

North America Dominated the Global Organic Milk Powder Market Share

North America held the largest organic milk powder market share with about 36.5% fraction in the global revenue during the aforementioned period. Rising consumers’ adoption of healthy lifestyles and increasing product recalls and contaminants in conventional foods are increasing the demand for organic food products in this region. In the U.S., strong organic regulations are driving the enforcement of standard organic trade. Furthermore, these stringent organic guidelines set by the U.S. Department of Agriculture in grazing organic livestock is promoting the growth of the organic milk powder market in the U.S. This robust structure of U.S organic enforcement is ensuring transparent operations in the organic dairy industry and fueling the customer satisfaction and confidence in the organic milk and associated dairy products. As a result, these maneuvers are boosting North American organic milk powder market growth.  

 

Organic Milk Powder Market Expanding with a Wide Portfolio in the Food Industry

Based on the end-use segment, food observed the fastest growth in the global organic milk powder market accelerating with a CAGR of 4.4% during the aforementioned period. Rising trends such as veganism, organic eating, and plant-based eating are reinforcing the demand for the addition of organic milk powder in food items such as baked goods, cereals, and beverages. These trends are inspiring the manufacturers to answer the increasing consumer demands by resonating with an organic label in their portfolio. With the availability of a wide portfolio of food products, the organic milk powder demand is augmenting the food industry. 

 

Organic Milk Powder Market – Key Players

Companies such as Nestlé SA, Fonterra Co-operative Group, Vertrieb KG, Aurora Foods Dairy Corp., Organic Valley, Bellamy’s Organic, SunOpta, Inc., Organic West Milk, Inc., GMP Dairy, HiPP GmbH & Co., and Miraka Ltd constitute a significant part in the global organic milk market share.  

 

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Chia Seed Market expected to grow at a CAGR of 4.7% through to 2025

Chia Seeds Market: An Ancient Grain Paving Way to Superfood Trend

The chia seeds market size is catapulting due to nutritional and health-related benefits. In the contemporary era, the super-food trend has gained significant popularity as the consumers are inclined towards wholesome and natural ingredients with the product launch. Superfood containing super ingredients are a rich source of antioxidants, polyphenols, vitamins, and minerals. A major factor in the sale of superfood includes availability of chia seeds, that is easily accessible through supermarkets and hypermarkets in the form of ground chia seeds, chia seed oil, and black chia. In daily diets, the inclusion of Omega-3 rich oils and foods such as the consumption of fish prevents heart diseases. However, plant-based sources of Omega-3 found in chia seeds is seeking huge attention due to its easy corporation in functional and convenience foods. On the other hand, the content of aflatoxins which is an integral part of chia seeds is regulated. Owing to these benefits of chia seeds, the food and beverage application is anticipated to propel at a CAGR of 5.5% during the forecast period 2019-2025. As a result, the key companies operating in the chia seeds market are focusing on various product innovations and expanding their product portfolio to achieve prominence. With this, the global chia seeds market size was evaluated to be $70 million as of 2018. The market is creating opportunities that are expected to grow at a CAGR of 4.7% through to 2025.

 

North America Creating Growth Opportunities for the Major Market Players

North America subjugated the global chia seeds market with a regional revenue share of 41% in 2018. The increase in consumer awareness about organic and non-GMO variants, an emerging trend, chia seeds have created huge opportunities for the companies to launch innovative products in the region. In 2018, SNAAK Bar, a California-based company, partnered with CV Sciences, Inc., cannabidiol?based pharmaceuticals and consumer product company with an objective to introduce a new product SNAAC CBD, which is designed to improve workout performance and athletic performance through advanced phytocannabinoid nutrition. In regards to product launch, chia seeds are used in a number of bakery products such as muesli bars, peanut butter, cereals, and beverages as a functional ingredient. Additionally, Mexico is the largest producer of chia seeds as they are widely used into fruity drinks as they add a nice texture and turn gelatinous to the beverage. The chia seeds market in Mexico is bolstering as Germany, the United Kingdom, and the Netherlands are the major importer of the product.

 

Major Companies in the Market

The key companies in the chia seeds market are Spectrum Organics Products LLC , Garden of Life , Mamma Chia LLC , ChiaCorp , Bob's Red Mill , Glanbia plc , Navitas Organics , Mother India Organics and Naturals Pvt. Ltd. Benexia Europa S.A. , The Chia Co. , Chia Bia Slovakia s.r.o. , and Naturkost Übelhoer GmbH & Co.

 

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Emergence of Active Nutrition Triggering the Growth of the Micellar Casein Market

Micellar Casein Market is Driven by Innovative Product Development and Surge in the Health-Conscious Consumer Base

The emergence of active nutrition is triggering significant growth of the micellar casein market. In recent times, active nutrition is no longer limited to professional bodybuilders and athletics; health and wellness are stimulating the consumer interest in micellar casein. Manufacturers are building a nutritionally-aware and health-conscious consumer base through aggressive marketing strategies, with product packaging that has a distinctive nutritional profile. The key market players are also investing in the growing popularity of plant-based and organic ingredients by developing innovative nutritional and technical functionalities of micellar protein by utilizing organically produced milk. A surge in the funding by the enterprises also has a contributing role in the increased global micellar casein market size in 2018. This market generated a revenue of $5.1 billion in the same year. Moreover, the market is poised to increment at a CAGR of 4% during the forecast period 2019-2025.

 

Cheese is the fastest-growing segment in the micellar casein market, as they mostly contain 80% casein protein and 20% whey protein. The application is growing at a CAGR of 3.4% through to 2025. With a growing consumer demand, cheese is an extensively consumed fermented dairy product. The application is an excellent source of whey protein concentrate and whey protein powder.    

 

Gaspari Nutrition Influenced Innovative Product Development in the Market  

The micellar casein market is witnessing healthy growth as the enterprises in the marketplace are launching new nutritional supplement solutions in the dairy industry using membrane technology. Micellar casein is widely consumed in Europe, owing to this, the region held the largest revenue share in the global micellar casein market of 36% in 2018. This is attributed to the major consumption of protein in the countries of Europe such as Germany.  In 2017, Gaspari Nutrition launched MyoPure 100% Pure Micellar Casein derived from Molkereigesellschaft Lauingen mbH (MGL) using membrane technology. Gasperi Nutrition is also planning to re-launch and introduce various other micellar casein product of its flagship in the coming years. The introduction of this product in the European Union (EU) created huge competitiveness amongst all players such as FrieslandCampina Ingredients. This product created a disruption in the food and beverage industry. Continuous improvement in the taste, texture, and nutritional functionality of the product is supporting the producers to retain the lead in the coming years. The rampant increase in child obesity, 41 million infants and young children were obese in 2016, and increasing consumers that are adopting healthier dietary habits are influencing the market growth through several marketing strategies of stakeholders. Therefore, the micellar casein market is creating huge growth opportunities in the region for the competitors.

 

Major Multinationals Companies in Market

Some of the key companies in the micellar casein market The Milky Way, Inc., Leprino Foods Company, ProteinCo, FrieslandCampina Domo, Havero Hoogwegt B.V., Nutrimed Healthcare Private Limited, Idaho Milk Products, Inc., Glanbia Nutritionals, Inc., Milk Specialties Global, Ingredia SA, and AMCO Proteins. 

 

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Aloe Vera Extracts Market Poised to Increment at A Growing CAGR of 6.7% During the Forecast Period 2019-2025

Aloe Vera Extract Market is Goaded by Suppressing Proliferation of Cancer and Synergistically Leaping in Cosmetic Industry Via Patanjali Ayurved Ltd.

Aloe vera is one of the most prominent consumer product entities and it's quite evident in the prevalent usage of aloe vera lotion and aloe vera shampoo. Furthermore, aloe vera spray and aloe vera oil are also household names. Nowadays, aloe vera extract market is leaping up in the health care industry for medicinal purposes. In recent years, phytomedicine has spread worldwide and has gained considerable ground as drug resources with an affinity toward medicinal plants and metabolites. The topical use of aloe vera gel in the application industry has been emphasized owing to the demonstrated wound-healing effects of the product. It is widely used for the prevention of metabolic diseases, skin diseases, cardiovascular diseases, and cancers. By the end of 2019, more than 1.7 million new cancer cases are anticipated to be diagnosed globally. Rising cancer cases has leveraged the trending use of plant-based extracts in the healthcare industry.

 

Aloe vera extracts are popular as a plant-based anticancer agent; used during radiotherapy as it helps heal and soothe burns caused at the time of treatment. Concurrently, researchers found that the therapeutic effect of aloe vera leaf extracts could treat acute respiratory influenza infection. As a result, Aloe polysaccharides (APS) extracted from Aloe vera leaves were observed creating noticeable effects on influenza therapy. In the recent, in vitro tests performed by the researchers, reveals that APS can inhibit influenza replication. The growing trend of plant-based products in healthcare and other application industries created a global aloe vera market size of $1.7 billion in 2018. Moreover, the market is poised to increment at a growing CAGR of 6.7% during the forecast period 2019-2025.

 

Patanjali Ayurved Changed the Game in India with Aloe Vera Extract in 2016

The use of aloe vera extract in the APAC region is prodigious with the growing trend of plant-based products. Owing to this, APAC held the largest revenue share in the global aloe vera extract market of 32.5% in 2018. This is attributed to the major use of the aloe vera extract products in a developing country such as India after “Patanjali Ayurved Limited” was re-launched. The customer base grew massively with its major products such as Patanjali Aloe Vera Juice, Patanjali Multani Mitti Face Pack, Patanjali Aloe Vera Apricot Face Scrub, Patanjali Aloe Vera Lotion, Patanjali Sunscreen, Patanjali Coconut and Aloe Vera Shampoo and Patanjali Sheetal Aloe Vera Oil. In 2017, the company experienced an annual revenue growth of $1.5 billion from $500 million in 2016. Furthermore, in 2016, Patanjali had already constructed its customer base by spreading awareness among consumers about herbal products manufactured by them through advert-marketing strategies and witnessed a growth rate of more than 150%.

These products created a disruption in the cosmetic industry, and aloe vera extract market size will significantly grow at a CAGR of 5.3% through to 2025. With the emergence of many products by Patanjali containing aloe vera and other herbal and organic grown ingredients made the competitor companies such as Hindustan Unilever Limited (HUL) have been improvising their product portfolio and introducing various herbal items- Lux soap as Lux Botanicals infused with honey, aloe vera extract, and other natural ingredients. Thus, the aloe vera extract market in India has been experiencing significant growth and is creating huge opportunities for the aloe vera extracts market players.

 

Major Multinationals Companies in Market

Some of the key companies in the aloe vera extract market are Aloecorp, Inc., Aloe Farms, Inc., Aloe Laboratories, Inc., Lily of the Desert Organic Terry Laboratories, Inc., Foodchem International Corporation, Aloeceuticals, Natural Aloe Costa Rica S.A, and Pharmachem Laboratories, Inc.

 

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Increasing Organic Cosmetic Trend and Demand for Berry-based Products Upheaving the Acerola Extract Market Demand

The acerola extract market growth propelled by the increasing organic cosmetic trend and demand for berry-based products worldwide

Natural Personal Care Enriched With Exotic Berry Extracts:

A Significant Cosmetic Trend Harvesting Huge Hike In Acerola Extract Market Demand:

The acerola extract market is expanding its global business footprint constantly owing to the major changes adopted by the cosmetic industry in recent times. The unusual yet demand hiking approach of the cosmetic manufacturing companies with the growing application of acerola berry extracts such as barbados cherry, west Indian cherry, acerola pulver, and also cranberry extract have gained huge prominence. The cosmetic industry’s novel trend of incorporating exotic berry has recently been adopted by several companies in producing organic cosmetics such as moisturizers, face packs, restorative creams, and many more. Apart from that, acerola cherry is a natural source of Vitamin C thereby being a natural antioxidant which is used in manufacturing a wide range of anti-ageing cosmetic products. Currently, renowned cosmetic companies such as BioExtract and Naturex are expanding their natural skincare solutions by formulating acerola-based cosmetics. Significantly, the application of acerola extract in the cosmetic industries is anticipated to increase at a CAGR of 5.3% during the forecast period of 2019-2025. Hence, this exotic berry trend presents an innovative opportunity for the cosmetic industry thereby upheaving the acerola extract market demand. Concurrently, induced by newer innovations and organic cosmetic demand the global acerola extract market size stood at $1.7 billion as of 2018. Furthermore, the acerola extract market size is projected to grow at a 6.8% CAGR through to 2025.

 

APAC’s Cosmetic Race Disrupting The Global Acerola Extract Market Demand:

The Asia Pacific is a leading region in the global acerola extract market and contributed a major regional share of 32.5% in 2018. This is chiefly maneuvered by the huge base of cosmetic companies established in this region owing to which APAC trades in a large portion of the total acerola produced in the world. A well-built domestic cosmetic market in APAC with countries like Korea, Japan, and China leveraging huge customer demand through online and offline business is consequently boosting the acerola extract market. Furthermore, China imported beauty and personal care products worth $9,909,374 in 2018. This highlights that a major portion of the revenue incurred by the domestic acerola extract market owing to its huge demand generated by the cosmetic companies. Additionally, regional companies such as Korea Cosmetics and Cosme Station are manufacturing and distributing various acerola cosmetics in this region which also influences the niche market growth.

 

Key Companies Developing Novel Acerola Products:

The acerola extract market share is increased by the considerable contributions proffered by the major players. These leading companies include Aloe Farms, Inc., Aloeceuticas, Aloecorp, Inc., Aloe Laboratories, Inc., Lily of the Desert Organic Terry Laboratories, Inc., Pharmacem Laboratories, Inc., Natural Aloe Costa Rica S.A., Foodchem International, Corporation, and others.

 

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

 

 

Acai Berry Market Demand Hike Triggered by the Food Bowl Trend and its Suitability in Making Cosmetics and Nutraceuticals

Food In A Bowl Trend Agitating The Acai Berry Market Growth:

The acai berry market demand escalation is aided by the bowl food trend gaining huge popularity across the world, and it reflects with the growth in demand for acail fiber and acai smoothie. Healthy foods mixed in a bowl have emerged as a common option and an alternative to a regular meal among the millennial generation. Several foodservice and manufacturing companies to explore this option to etch out new prospects for a better opportunity. The U.S.-based Vitality Bowls shared an important role in adopting this current trend and sells over 3.5 million acai bowls annually. A major section of the population being millennial in the US, acai berry consumption is relatively huge in this region. Also, several foodservice industries are established in this region which offers a boost to the growing economy of the acai berry market in this region. Consequently, North America held a prominent place in the global industry and contributed a regional acai berry market share of 38% in 2018. Concurrently, the rampantly succeeding food industry’s bowl service will actively benefit the acai berry market leaders owing to the growing consumer demand. The global acai berry market size reached $892.6 million in 2018 facilitated by emerging trends and the growing application for other industrial and medicinal purposes. Concurrently, this nascent market is projected to increase at a healthy CAGR of 12.4% during the forecast period of 2019-2025.

 

Acai Berry In Cosmetics And Supplements: The Bulging Consumer Demand:

With a wide range of health benefits proffered by the various acai berry products, originated from acai palm tree, such as dried acai berry, acai powder, and others, the nutraceuticals and cosmetic industry are utilizing them to produce drugs and skincare. Among other forms, dried acai berry will influence this market and this application segment will experience a 6.6% CAGR through to 2025. This wide utility serves as a major push forth to the acai berry market growth thereby making scope for better revenue prospects. Rich in antioxidant properties, acai berries are infused with regular skincare regimens such as oils, creams, and others offering a herbal solution for several skin problems.

Furthermore, a lot of researches has been concluded whereby acai berry gained a prominent place in supplements and drugs and provides natural treatment for several diseases such as arthritis, high cholesterol, cancer, and many more. Keeping an eye on the wide usage and benefits, nowadays several food and beverage companies have developed a new range of drinks and smoothies thereby extending the current acai berry product line in the global market. The Campbells Food Service company’s breakthrough acai berry drink V8 V-Fusion® and other such newly introduced products have a significant and distinct impact on the consumers worldwide. As a result, the global acai berry market demand will elevate considerably in the forthcoming years.

 

Major Company Impacting The Acai Berry Market Share:

The key companies influencing the acai berry market share include AcaiExotic, Acai Roots, Nativo Acai, Sambazon, Vision America International, Acai Roots, Acai Frooty, Amazon Forest Trading, Energy Foods International, Organique Acai USA., and others.

 

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Growing Trend and High Preference for Healthy Natural Foods are Disrupting the Sourdough Market Demand

The sourdough market brewing new growth scopes: The bakery industry’s indulgence in natural bacterial culture

The Resurgence Of Sourdough Setting New Parameters For Modern Bakery:

The sourdough market is budding with recent re-popularity conjured up due to the realization of the hard-to-digest artificially processed bakery goods. The most convenient food biotechnology, sourdough culture is transforming the industrial bread-making process which is allegedly impacting gut health. Additionally, the growing trend and high preference for healthy natural foods are disrupting the sourdough market demand in recent years. With higher nutritional content and simplistic yet effective fermentation caused by naturally occurring bacteria instead of industrial yeasts has triggered consumer interest. Besides, the sourdough incorporation is claimed to reduce the phytic acid content in food which can interfere with the natural digestive activity. Offering a natural tangy flavor to the resulting food products, sourdough culture has also opened up new scopes for the bread industry to proliferate their business footprint. Currently, as the organic trend has rapidly captured the attention of the health-conscious population worldwide, the sourdough market is simultaneously experiencing propelling growth prospects. This will eventually elevate aided by the government standards on organic food products in the forthcoming years creating better scopes for the sourdough OEMs to generate huge profits. Concurrently, the global sourdough market is anticipated to increase at a 6.7% CAGR during the forecast period of 2019-2025. Also, this market leveraged a revenue of $2.5 billion in 2018 induced by the re-emergence of the bread industry in the global market.

 

Bread Industry And Europe’s Dominance Ensuring Healthy Economy:

Levain bread and rye bread that are leavened by sourdough are already popular in the northern part of Europe. The macroeconomic bakery industry is exploiting a healthy section of the net sourdough production across the world. This marks a better scope for the sourdough market to gain a huge demand hike which resultantly increases its global footprint and the economic output. The key application segment for sourdough remains the bread manufacturing which will experience a CAGR of 5.7% through to 2025. The US bakery industry is facing huge success and acquires an annual economy of $153 billion currently. However, the bakery industry in Europe has set a comeback to the current bakery business and is emerging as one of the key regions for the sourdough market expansion. The second-largest food sector in the European Union, the UK bread industry has an annual turnover of over 4.32 billion which places it in an advantageous position for the ongoing sourdough business. Moreover, Europe is rapidly exploring newer possibilities with the organic food drive enforced by government regulations in this region. The EU, recently, passed a legislation supporting the consumer interest towards organic products which will be effective from January 2021. This will offer a radical boost to the sourdough market in this region.
Furthermore, owing to the hike in artisanal bakers and the introduction of specialty bakery products in this region, Europe contributed a regional share of 33.6% to the global sourdough market.

 

Major Players In The Global Sourdough Market:

The sourdough market share is actively upheaved by the constantly growing business of the key companies. With investment in R&D activities and adopting new techniques, these major players carve an important place in the global sourdough market. Some of these pioneers include Truckee Sourdough Company, Puratos, Riverside Sourdough, Lallemand, Alpha Baking Co. Inc., Josey Baker Bread, Gold Coast Bakeries, Bread SRSLY, Boudin SF, Morabito Baking Co. Inc., and others.

 

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