Recent Media Releases
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Organic Lamb Market to Reach US$ 345 Mn by 2030; Adverse Impact of COVID-19 Outbreak on Foodservice Industry Hurting Growth Prospects
Published On : Oct 15, 2020
Awareness about high-quality food that contributes to good health and constitutes excellent nutritional value has inclined the population toward healthy eating regimes, thus boding well for the sales of organic food. Organic lamb is said to provide the necessary animal-protein to diet-conscious consumers and increasing number of gym enthusiasts. The millennial population is also more inclined toward healthy and organic food, further aiding market growth. Organic lamb is also high in zinc, a mineral that keeps the immune system strong. It also helps heal wounds quickly. Organic lamb is considered to have higher omega-3 benefits as compared to conventional lamb.
The global organic lamb market has witnessed substantial growth in the past few years, and this trend is expected to continue through the course of the forecast period of 2020 to 2030. The market is estimated to rise at a steady CAGR of over 4% through 2030.
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Traditional Chinese Medicine Market to Close in on US$ 43 Bn by 2030-end; Postponement of Non-essential Medical Treatment Due to COVID-19 Outbreak Impeding Market Growth
Published On : Oct 15, 2020
Traditional Chinese medicine is one of the oldest systems of health and wellness that has been used in China for thousands of years. Other medicines mainly focus on treating a disease. But traditional Chinese medicines aim to increase immune power and look at the entire well-being. The most common type of traditional Chinese medicines includes herbal products, acupuncture, and Tai Chi, among others.
According to a latest report published by PMR, the global traditional Chinese medicine market is expected to witness a CAGR of more than 5% over the forecast period (2020–2030).
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High Oleic Oil Market to Expand 1.8X by 2030; Increased Concerns Regarding Heart Health Due to COVID-19 Outbreak to Benefit Market Growth in Near Term
Published On : Oct 14, 2020
Within the edible oil space, technological changes and innovation have led to the reinvention of fatty acid profiles, and consequently, have altered oil attributes and characteristics. The resulting oil products have improved applicability across different industries. Constant innovation and commercialization of high oleic oil is expected to increase its relevance as an edible oil, and drive sales in the global high oleic oil market over the coming years.
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System Integration Market to Cross US$ 1.2 Trillion Valuation in 2030; COVID-19 Pandemic to Have Moderate Impact on Market Growth
Published On : Oct 14, 2020
5G deployment is estimated to create noteworthy demand for operations and business support systems, consequently boosting the growth of the global system integration market. 5G technology is aimed at encompassing on-demand data services, intelligent systems and ultra-high-speeds. Transition towards 5G technology will demand considerable transformation of connectivity, user interfaces, operations, and infrastructure. Therefore, commercialization of 5G technology is estimated to create a huge demand for well-structured operations and business support systems with improved analytical, orchestration, and automation capabilities.
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Optical Brighteners Market to Reach US$ 2.3 Bn by 2030; Sluggish End-use Industries amidst COVID-19 Pandemic Impeding Market Expansion
Published On : Oct 13, 2020
Optical brighteners are chemical compounds that absorb light in the violet and ultraviolet region of an electromagnetic spectrum. These brighteners witness high demand from chemical, paper, and textile industries, and this pattern is projected to continue through the forecast period. Growth in the laundry and cleaning sector, and rising application is cosmetic products is another key factor responsible for the growth of the optical brighteners market.
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Facial Mask Market to Top US$ 7 Bn by 2030, Further Catalyzed by COVID-19 Pandemic
Published On : Oct 13, 2020
Sedentary lifestyle, rising geriatric population, and increasing number of people suffering from chronic diseases such as cancer, pulmonary disorders, and cardio vascular disorders have led to increase in number of surgeries. Use of facial masks during surgeries and rapid adoption of oxygen therapy is set to drive the growth of the facial mask market.
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Calf Milk Replacer Market to Reach US$ 7.4 Bn in 2030; Minimal Impact of COVID-19 Pandemic Due to Steady Demand from Animal Nutrition Sector
Published On : Oct 13, 2020
Calf milk replacers are emerging beneficial for calf nutrition in the livestock industry, owing to their nutritional composition, which is needed for the healthy growth of calves. Moreover, demand for calf nutrition is also witnessing an unexpected rise, as pre-weaning health concerns of calves are growing among livestock producers. Additionally, these replacers are easy and convenient to feed calves as compared to whole milk, which is also a potential growth factor for the calf milk replacer market.
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Stadium Lighting Market to Expand Threefold by 2030; Growth Recovery Expected After Initial Setback Due to COVID-19 Pandemic
Published On : Oct 09, 2020
Stadium lighting is used for illuminating playfields or arenas during the night time or low-light conditions. Stadium lighting is required for both, indoor and outdoor set-ups, and is specifically used more for outdoor purposes, as it brings uniformity, visual comfort, and limiting obtrusive light. These lightings are also specifically needed for games where minute observation, such as fast-moving balls need to be observed. Deployment of stadium lighting allows players to avoid injuries and perform efficiently, and also allows viewers to see the game at its best.
As per a report by PMR, the global stadium lighting market generated a market revenue of US$ 481.3 Mn in 2019, and is expected to expand at a healthy CAGR of more than 11% over the forecast period (2020-2030).
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Food Flavors Market to Reach US$ 18.4 Bn by 2030-end; Increased Demand for Processed & Packed Food amidst COVID-19 Pandemic Positively Impacting Sales
Published On : Oct 08, 2020
Food flavors have become an integral part of modern-day cooking and the food & beverage industry. Flavors such as citrus and vegan-based food have international appeal, while dairy-derived flavors are valuable in applications meant for food & beverages. The dairy industry has witnessed exponential growth, especially the yogurt segment. Dairy product manufacturers are offering various flavors in yogurts, which has gained immense popularity. Consumers are increasingly giving positive responses to café-inspired flavors, especially for yogurts.
With innovative experiments and advancements of new in the food & beverage industry, consumption of food flavors is expected to increase. Efforts of manufacturers in the food flavors market in offering point of differentiation for their customers through innovative taste and mouthfeel with the help of food flavors are expected to continue, and the global food flavors market is anticipated to witness a significant value CAGR of over 5% through 2030.
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Oregano Essential Oil Market to Expand 1.9X by 2030; COVID-19 Outbreak Moderately Impacting Demand Growth
Published On : Oct 08, 2020
Oregano essential oil has marked its way into cookbooks, as it is an excellent source of antioxidants. The benefits of oregano essential oil can be brought into service while preparing and eating delicious meals. Oregano essential oils are added to sauces, appetizers, and entrees to intensify an array of spicy meals. Oregano essential oils can be best used to add flavor to Italian cuisine. The spicy and herbaceous taste of oregano essential oil adds a perfect hint of flavor to pizza sauce, pasta sauce, spaghetti sauce, and much more, and can be used as an easy alternative for ground oregano. Along with its benefits to the immune system and respiratory function, it also supports healthy digestion.
The global oregano essential oil market has witnessed substantial growth in the past few years, and this trend is expected to continue through the course of the forecast period, at a steady CAGR of over 6% through 2030.
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Alpha Amylase Market to Cross US$ 2.7 Bn in 2030; Increased Demand for Immunity-supporting Ingredients during COVID-19 Pandemic Positively Impacting Market Growth
Published On : Oct 06, 2020
Enzymes are been increasingly used in the dietary supplement industry as they help promote general health along with improving the digestive process. Alpha amylase plays a major role in the body to break down ordinary food into substances that help support healthy life, while nourishing the body. Digestive enzyme supplements such as alpha amylase supplements provide support for the naturally occurring endogenous enzymes in the body.
Food enzymes such as alpha amylase are known to possess different health benefits, such as improved digestion and immune health. Alpha amylase acts as a catalyst, but in nature, it is natural protein, which provides numerous health benefits to the human body. Hence, the rising health and wellness trend among customers will prove to be beneficial for the growth of the alpha amylase market, and this trend is anticipated to continue over the forecast period of 2020-2030, with expected significant value CAGR of 6% for the alpha amylase market.
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Polymer Concrete Market to Reach US$ 777 Mn by 2030-end; Sluggish Construction Sector amidst COVID-19 Pandemic Impeding Market Expansion
Published On : Oct 05, 2020
The polymer concrete market is stipulated to increase and a noteworthy rate throughout the projected period, owing to an array of factors such as growing adoption of chemical-resistant materials, exceptional mechanical properties, increasing awareness of green construction materials, and shorter installation duration.
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Automatic Number Plate Recognition (ANPR) System Market to Expand at 10% CAGR; Increased Need to Monitor Traffic & People during COVID-19 Restrictions Surging Demand
Published On : Sep 30, 2020
Automatic number plate recognition (ANPR) systems can detect, recognize, and analyze vehicles. The video analytics software built into recognition technology also monitors in real-time, without distraction, and adds significant advantages in live-monitored and incident analysis operations. Video analytics allows improving operational performance and increased monitoring. Also, video analytics motion detection can be used to record onsite and general vehicle movement, improve security for operators and users, provide road rule enforcement, and facilitate automated control of vehicle barriers, gates, and bollards. Increasing number of vehicle thefts is also boosting the growth of the automatic number plate recognition (ANPR) system market.
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Antibody Testing Market Growth Accelerating Due to Rising Demand for Rapid Diagnostics During COVID-19 Pandemic
Published On : Sep 29, 2020
Rapid diagnosis is crucial, and any delay can not only worsen a patient’s condition but can also result in unregulated spread of infection, as seen with the COVID-19 pandemic.
The antibody testing market includes an extensive portfolio of products catering to many indications, such as cardiovascular disorders, autoimmune diseases, and bacterial and viral infectious diseases. Manufacturers not only offer test kits for various indications, but also provide choices for various types of antibody test kits, such as serological test kits, immunoglobulin assay kits, and lateral flow assay kits.
As per Persistence Market Research, the global antibody testing market will experience a healthy CAGR of 8% during the forecast period of 2020-2030.
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Nitrile Gloves Market to Expand 8X by 2030; Disruptive COVID-19 Pandemic Propelling Demand Even More
Published On : Sep 28, 2020
The growing pandemic of community infections owing to the emergence of new pathogens is expected to increase the demand for nitrile gloves across the world. The need to quell community and hospital-acquired infections is expected to drive the growth of the global nitrile gloves market.
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Proximity Sensor Market Value to Nearly Double by 2030; COVID-19 Crisis Imparting Further Impetus to Market Growth
Published On : Sep 28, 2020
Proximity sensors are used to detect the presence or absence of objects using light, electromagnetically field, and sound. Demand for proximity sensors is increasing for a broad range of applications, such as detection, inspection, positioning, robotics, and consumer products. These proximity sensors are becoming increasingly popular in the automotive industry, due to inherent advantages such as low cost, safety, low power, and ability to integrate with sliders, touch buttons, and others, for automotive sensing applications. Increasing awareness related to monitoring and safety systems in the automotive industry is expected to boost the growth of the proximity sensor market over the next decade.
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Bicycle Brake Components Market to Reach US$ 9.6 Bn by 2030; Steady Sales of Bicycles during COVID-19 Pandemic to Keep Growth Rate Positive
Published On : Sep 28, 2020
Rapidly develop cycling and e-bike infrastructure on a large scale and encouraging of cycling via pricing policies and information campaigns to proliferate are expected to increase the procurement rate of bicycles over the coming years. Subsequently, this will lead to the ascending demand for bicycle brake components.
As per PMR analysis, the global bicycle brake components market is anticipated to expand at a healthy CAGR of 7% during the forecast period of 2020-2030.
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Biologics Contract Manufacturing Demand to Reach 8 Mn Liters (MnL) by 2030; Urgent Need of COVID-19 Vaccine Catalyzing Growth Rate
Published On : Sep 25, 2020
Pharmaceuticals and biotechnology companies are outsourcing specific services from the early stages of drug development to biological contract manufacturing organizations to reduce drug manufacturing costs. Outsourcing increases drug manufacturing efficiency and facilitates flexible operational capabilities, which is expected to immensely boost biologics contract manufacturing demand. Rising prevalence of chronic and lifestyle diseases is also anticipated to propel biologics contract manufacturing demand. Besides, continuous focus by manufacturers toward adopting technologically-advanced systems to manufacture novel biologics is also expected to accelerate the demand for biologics contract manufacturing over the forecast period.
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Smart Home Cloud Platform Market to Expand 5X by 2030; Need to Reduce Human-to-Human Contact amidst COVID-19 Outbreak to Complement Market Growth
Published On : Sep 25, 2020
In a smart home, appliances such as ACs, TVs, geysers, and lights have the potential to communicate with a cloud server. The cloud server communicates with these smart devices by sending and receiving signals through smartphones, laptops, or voice-enabled digital assistant devices.
A homeowner can make his/her existing home smart by integrating cloud-based technology with it. Cloud computing enables homeowners to remotely access their home appliances, even if they are miles away from the home. Moreover, this technology enables enhanced security and convenience to homeowners by deploying secure cloud platforms.
As per the findings of a new market research report by Persistence Market Research, the worldwide smart home cloud platform market reached US$ 5.4 Bn in 2019, and is anticipated to exhibit an impressive CAGR of around 17% during the forecast period of 2020 to 2030.
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Tartaric Acid Market to Expand Nearly Twofold by 2030; Production & Supply Chain Disruptions Due to COVID-19 Outbreak to Hamper Sales in Near Term
Published On : Sep 24, 2020
Demand for tartaric acid is expected to witness promising growth at a CAGR more than 6% through 2030, major reason being, the wine industry is expanding all over the world. A large part of the world population is consuming wine, which, in turn, increases the need for tartaric acid meant to correct the acidity of wine. Apart from this, tartaric acid is also used as an emulsifier, preservative, and acidifier in baked goods, jams & jellies, carbonated drinks, and many other such products.
Europe is the largest market for tartaric acid, as it also holds the largest share in the wine industry; most wines are produced in Italy, Spain, and France. With ever-increasing consumption of wine, the global tartaric acid market is projected to close in on a billion valuation over the next ten years.
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