Recent Media Releases
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Microbial Algae Products Market to Reach US$ 4.8 Bn by 2030; Rising Demand for Dietary Supplements amidst COVID-19 Outbreak Complementing Market Growth
Published On : Sep 24, 2020
Robust growth of the dietary supplements market over the last decade is a major factor for the high demand for microbial algae products across major regions of the world. Demand for nutraceuticals and functional foods is expected to increase as consumers prefer foods that increase their immunity. Microbial algae products are a rich source of nutrients such as vitamins, calcium, iron, etc., which makes them suitable for application in food and feed manufacturing.
The aquaculture industry is among the fastest-growing industries, which is also proving beneficial for the microbial algae products market. Government funding, use of emerging technologies, and continuous development of infrastructure in the aquaculture sector is expected to increase further, a fact that will aid the growth of the microbial algae products market in the future, which is estimated to expand at a steady CAGR of 6% during the forecast period (2020 to 2030).
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Spices and Herbs Market to Cross US$ 115 Bn Valuation in 2030; COVID-19 Pandemic to Have Low Impact on Market Growth
Published On : Sep 23, 2020
The global spices and herbs market is benefitting from increasing demand for ethnic flavor in the food industry. Growing consumer inclination toward better taste and nutrition is among the contributing factors for the growth of the spices and herbs market. Spices and herbs are associated with multiple health benefits, including anti-bacterial, anti-inflammatory, and immune supporting properties, which leads to a favorable market scenario for the spices and herbs industry.
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Pharmaceutical Excipients for Taste Masking Market to Reach US$ 1.3 Bn by 2030; Decreased Manufacturing amidst COVID-19 Outbreak Hindering Market Growth
Published On : Sep 23, 2020
Adoption of pharmaceutical excipients for taste masking techniques for achieving patient compliance with the drugs, and its acceptability especially amongst the geriatric and pediatric population, are set to drive market growth. Oral administration of medicines with an unpleasant taste is a major problem faced by patient groups. Taste masking technique is a key success determinant for oral dosage forms such as tablets. As the oral route is thought to be the most convenient for drug administration, the growth of the pharmaceutical excipients for taste masking market is expected to see an upswing over the coming years. Also, increasing geriatric population and rising incidence of chronic diseases such as diabetes, cancer, and cardiovascular diseases will drive the growth of the pharmaceutical excipients for taste masking market, globally, at a CAGR of over 5% through 2030.
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Allergy Shots Market to Reach US$ 2.8 Bn by 2030; Postponement of Non-essential Treatments Due to COVID-19 Outbreak Stunting Demand
Published On : Sep 22, 2020
Allergy shots, also known as allergy immunotherapies, including subcutaneous immunotherapy, sublingual immunotherapy, and oral therapies, is a long-term treatment that helps reduce allergic reactions. The most common type of allergy includes allergic rhinitis/hay fever, which accounts for 43% of the cases.
According to a latest report published by the PMR, the global allergy shots market is projected to be valued at US$ 1.5 Bn in 2020, and is expected to expand at a CAGR of around 6% during the forecast period (2020–2030).
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Urothelial Carcinoma Diagnostics Market to Expand at Over 11% CAGR through 2030; COVID-19 Pandemic Resulting in Reduced Manufacturing and Sales
Published On : Sep 22, 2020
According to World Health Organization (WHO) estimates, every year, 3.8 Mn new cases of urothelial carcinoma occur around the world, with the recurrence rate being nearly 30-50%. However, early detection by use of modern diagnostics enables quick medical decision-making and consequent treatment for urothelial carcinoma. Accuracy in urothelial carcinoma diagnostics plays a significant role in the reduction of treatment costs.
Moreover, increased demand for treatment of urothelial carcinoma is a key driver for increasing revenue inflow from diagnostic tests and procedures. However, development of effective urothelial carcinoma screening methods will play a significant role in the early detection and subsequent reduction in mortality rates. Furthermore, technological advancements in diagnostic methods such as the adoption of diagnostic imaging procedures, rapid molecular diagnostic kits, and use of biomarker testing in urothelial carcinoma screening programs are some other factors that will aid the growth of the urothelial carcinoma diagnostics market.
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Refrigerated Glass Door Market to Expand Twofold by 2030; Supply Chain Disruptions amidst COVID-19 Crisis Impeding Market Growth
Published On : Sep 18, 2020
Ready-to-eat products have always been an area of interest, and are one of the favorite sectors that attract development in the refrigerator industry. As consumer preference for ready-to-eat products in increasing rapidly, manufacturers are increasing their focus toward the integration of new advancements in refrigeration devices. Along with this, prominent players are focused on acquisitions and mergers with local players or end-use industries such as cold chain, food production, and food retail.
As such, the global refrigerated glass door market is estimated to expand at a healthy CAGR of 7% by value during the forecast period of 2020-2030, doubling its size over the next decade.
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Liquid Sodium Silicate Market to Reach US$ 4.2 Bn by 2030; COVID-19 Pandemic Resulting in Declining Demand for Most End Uses
Published On : Sep 17, 2020
Detergents and cleaning compounds hold a prominent share in terms of consumption of liquid sodium silicate. Sodium silicates are used with synthetic detergent compositions to minimize alkali attacks and control corrosion. Without the usage of sodium silicates, synthetic detergent composition can be harmful to metal surfaces such as, zinc, aluminum, and other metal alloy parts in washers. Moreover, rising concerns regarding the use of treated water will further push the demand for liquid sodium silicate in the future.
As per PMR’s study, the global liquid sodium silicate market is estimated to expand at a CAGR of 2% during the forecast period of 2020-2030.
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Vitamin C Ingredients Market to Cross US$ 3.8 Bn in 2030; Increased Demand for Immunity Supporting Ingredients Due to COVID-19 Outbreak Surging Market Growth
Published On : Sep 17, 2020
Changing lifestyle and eating habits have led to the deficiency of various vitamins and minerals, which, in turn, has affected the health of consumers, causing various diseases. Vitamin C ingredients are increasingly been used for supporting immune functions in patients suffering from common cold, and primarily, respiratory tract infections. Clinical studies have also highlighted the potential role of vitamin C ingredients in treating atherosclerosis, arterial hypertension, and cancer.
Thus, potent health benefits of vitamin C ingredients is one of the major factors driving market growth. The global vitamin C ingredients market has witnessed substantial growth over the past few years, and this trend is expected to continue through the course of the forecast period (2020 to 2030), at a steady CAGR of around 5% over the next ten years.
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Heart Health Supplements Market to Cross US$ 14 Bn in 2030; Increased Focus on Preventive Health amidst COVID-19 Outbreak to Benefit Market in Near Term
Published On : Sep 16, 2020
The global heart health supplements market is profiting from growing consumer awareness regarding preventive healthcare. The rapid pace of social and technological changes have led to adverse lifestyle choices, resulting in deteriorating well-being among consumers. Rising incidence of various lifestyle diseases such as obesity and overweight has led to increased prevalence of cardiovascular diseases and heart health problems. Thus, consumers are increasingly adopting preventive care as a necessary tool to help them lead a better life.
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Surgical Helmet Systems Market to Expand 1.5X by 2030; COVID-19 Pandemic Resulting in Slight Supply Chain Disruptions
Published On : Sep 15, 2020
Increasing number of orthopaedic surgeries such as total joint replacement and their rising acceptance is creating opportunities for the surgical helmet systems market. These systems are required for the protection of surgeons from hospital- and patient-acquired infections. Moreover, increasing awareness regarding healthcare workers’ safety and comfort needed by surgeons during operative procedures have led to the growth of the market. Orthopaedic impairments are very common in the Americans, and the number of orthopaedic surgeries is expected to reach 6.6 million in 2020 from 5.5 million in 2010. The aspect of surgical helmet systems to protect healthcare professionals against infectious blood splashes and potential aerosols generated by orthopaedic power tools has escalated the growth of the surgical helmet systems market.
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Pulse Protein Market to Cross US$ 2 Bn by 2030; COVID-19 Pandemic to Have Moderate Impact on Market Progress
Published On : Sep 15, 2020
Pulse-based protein is linked with many benefits such as lower risk of stroke, cancer, and death from heart disease. Pulse protein also has essential amino acids, as compared to animal protein. Animal protein contains a high amount of saturated fat and dietary cholesterol, which increases heart diseases. Pulse proteins are healthy and delicious meat-free food, ideal for vegetarians and personal wellbeing.
The global pulse protein market has witnessed substantial growth over the past few years, and this trend is expected to continue through the course of the forecast period (2020 to 2030). The market is estimated to rise at a steady CAGR of over 5% during the forecast period.
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Intermodal Transport Market to Expand Threefold by 2030; Trade Restrictions amidst COVID-19 Outbreak Impeding Market Growth
Published On : Sep 14, 2020
Over the past few years, regional governments have been investing heavily in infrastructure developments. Countries such as India, China, Indonesia, and many others are investing large sums to strengthen their intermodal capacity. Such investments are aimed to improve and strengthen transport and infrastructure capacity, which will indirectly facilitate trade improvement. These investments are targeted toward network expansion, and will positively impact the growth of intermodal transportation.
As such, the intermodal transport market is set to expand 3X over the next ten years, as an impressive CAGR of over 11% through 2030.
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Ad-Supported Video on Demand Market to Expand at 20% CAGR through 2030; COVID-19 Pandemic-related Lifestyle Complementing Demand for AVOD
Published On : Sep 11, 2020
Tablets and smartphones are increasingly becoming the first go-to devices for content consumption. In addition, with the emergence of advanced technologies enabling smartphone or tablet users to access the Internet more easily, and rapid adoption of fast network services such as 4G services in developing countries, mobile Internet penetration is anticipated to proliferate over the coming years. Although the cost of smartphones remains moderate due to increasing competition and innovation, these prices are expected to drop. Therefore, increase in mobile device penetration is one of the significant factors expected to boost the adoption of ad-supported video on demand content among users during the forecast period.
On the back of these factors, the global ad-supported video on demand market is projected to progress at an astonishing rate of 20% over the next decade, expanding over 6X in the mentioned time period.
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Metallic Glass Market to Double in Size by 2030; Declining Demand from Electronics Industry Due to COIVID-19 Pandemic Hurting Market Growth
Published On : Sep 10, 2020
Amorphous Transformers (AMTDs) hold a prominent share in terms of consumption of metallic glass. Increasing cognizance of the benefits of AMTDs such as decreased energy loss is anticipated to bolster the metallic glass market over the coming years. Moreover, increasing consumer spending on electrical & electronic goods in developing countries is further expected to push the demand for metallic glass over the forecast period.
The global metallic glass market is estimated to expand at a CAGR of 6.5% during the forecast period of 2020-2030.
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Tampon Market to Reach US$ 7.4 Bn Valuation by 2030; e-Commerce Sales Thriving amidst COVID-19 Pandemic
Published On : Sep 10, 2020
Significant rise in demand for hygiene products such as tampons and pads is due to increased awareness about feminine hygiene and their importance for women health. In developing and under-developed countries, the penetration of tampons is slightly low and they are not easily available. Reason being, lack of feminine hygiene awareness among people, which is one of the factors hampering the growth of the tampon market to some extent. But the tampon market is still in the growth stage, and is expected to surge over the coming decade.
According to PMR’s report, the tampon market is estimated to register a CAGR of 6% during the forecast period of 2020-2030, to reach a valuation of around US$ 7.4 Bn by the end of 2030.
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Instant Soup Market to Reach US$ 11 Bn by 2030-end, Sluggish F&B Industry amidst COVID-19 Pandemic Impeding Sales Prospects
Published On : Sep 09, 2020
With rapidly changing customer preferences, companies in the instant soup market are developing innovative products according to their specific needs. Key manufacturers, with the help of dedicated research & development, are introducing products that best suit customer tastes, taking into account cultural differences.
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Ophthalmic Imaging Equipment Market to Expand 1.6X by 2030; Postponement of Non-essential Medical Procedures Due to COVID-19 Hurting Market Growth
Published On : Sep 09, 2020
New scanning and imaging technologies tremendously impact ophthalmology, and provide multidisciplinary information, enabling new diagnostic methods. Manufacturers in the ophthalmic imaging equipment market emphasize on software enhancements and better connectivity, and are focusing on the introduction of high speed and high throughput devices. For instance, in September 2019, Carl Zeiss Meditec AG launched the CIRRUS 6000, a 100kHz ultra-fast OCT system for advanced care in ophthalmic practice. This system can scan and access patient information more quickly as compared to traditional OCT systems.
The global ophthalmic imaging equipment market was valued at US$ 1.8 Bn in 2019, and is expected to witness a CAGR of around 5% over the forecast period (2020 – 2030).
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Electronic Board Level Underfill and Encapsulation Material Market to Reach US$ 483 Mn by 2030-end, Market Gradually Recovering After Initial Setback Due to COVID-19 Outbreak
Published On : Sep 09, 2020
Rapidly growing demand in Internet infrastructure, wireless devices, and computers, and increasing use of electronics in automobiles is a vital driving factor for the electronic board level underfill and encapsulation material market. The consumer electronics industry has witnessed significant growth in recent years, and this growth is estimated to persist over the coming years, subsequently ascending the demand for electronic board level underfill and encapsulation material.
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Functional Food Ingredients Market to Close in on US$ 25 Bn by 2030; Moderate Decline in Demand being Witnessed amidst COVID-19 Outbreak
Published On : Sep 04, 2020
Functional food ingredients such as vitamins, minerals, prebiotics, proteins, and others are beneficial for the digestive system, immune system, and heart health, besides others. Maintaining digestive health is a very important factor regarding nutrient intake and preventing deficiency-related bodily conditions. This has led to a rise in the consumption of functional foods that are loaded with vitamins, minerals, proteins, fibers, and others. Furthermore, immune cells are also concentrated in the gut region, and a healthy microbiota is necessary for the body. Hence, probiotics are included in food products to enhance gut health and subsequently improve the immune system.
The global functional food ingredients market has witnessed substantial growth over the past few years, and this trend is expected to continue through the course of the forecast period (2020 to 2030). The market is estimated to rise at a steady CAGR of over 6% during the forecast period.
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Plant-based Milk Market to Reach US$ 27.6 Bn by 2030-end, Trade Restrictions amidst COVID-19 Pandemic Impeding Market Progress
Published On : Sep 02, 2020
The global meat and dairy sector is currently going through an unprecedented level of competition and disruption, mainly driven by the growth of viable plant-based alternatives. Major plant-based products are evolving as the perfect substitutes for animal-based products, as they contain the relevant nutritional composition. Growing consumption of plant-based food has also led to the adoption of plant-based milk products. Additionally, increasing popularity of soy milk, almond milk, and coconut milk is also flourishing the demand for plant-based milks. In developed countries, consumption of animal products places a heavy burden on the environment. This has resulted in an exponential rise in the consumption of plant-based food products. Moreover, consumers are also becoming more concerned regarding the discontented impact of animal-based products on the environment.
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