Shortening Market  is estimated to reach $6,373.6 Million by 2030, registering a CAGR of 4.2% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “Shortening Market by Source, Application, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global shortening market size was valued at $4,250.0 million in 2020, and is estimated to reach $6,373.6 Million by 2030, registering a CAGR of 4.2% from 2021 to 2030. In 2020, the vegetables segment accounted for significant revenue share in the market, and is expected to grow at a CAGR of 3.8% throughout the forecast period. Europe is one of the prominent regions, which accounted for a sizeable share of the total market in 2020.     

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The global shortening market has witnessed significant growth over the years, and is expected to grow at a steady pace during the forecast period. This is attributed to increase in demand for animal and marine fats and oils from the foodservice sector and rise in use of lard in the baking industry as bread spreads. In addition, the animal source has expanded rapidly as a result of increased demand from downstream industries such as biodiesel, food, oleo chemical, and pet food. Consumers in developing regions, such as Asia-Pacific, prefer lard over butter in baked goods, thus driving the shortening market trends.  

Shortening fat is utilized in most mixtures and batters, to provide the baked item a fresh and brittle texture. Shortening fat can be made from either animal fat or vegetable oil, but shortening made from mostly or completely hydrogenated vegetable oil is more common nowadays. The shortening fat is used in the wider application of the food industry such as ice-creams, dried noodles, and other functional food items for better taste and longer shelf-life in the market.

According to the shortening market analysis, the market is segmented into source, application, sales channel, and region. Depending on source, the market is divided into vegetables and animal. Based on applications, bakery products, confectionery products, snacks & savory products, and others. By sales channel, it is fragmented into direct and indirect sales. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Based on source, vegetables segment held the major share of 81.1% in the global shortening market. This is attributed to the wide usage of vegetables source in the bakery, confectionery products sector. Moreover, animal source witness highest CAGR throughout the forecast period. Animal fats are necessary for cell growth and the protection of organs in the body. Furthermore, fats play an important role in a variety of biological functions, including the production of hormones and the regulation of vitamins. Thus, animal fats are classified into different groups, including saturated, monounsaturated, trans, and polyunsaturated fats, each of which has a different effect on cholesterol levels.

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Based on application, bakery products segment witness a major traction and is likely to gain a major demand in the coming years. Bakery products segment witness an annual growth rate of 3.6% during the forecast period. The demand for bakery products segment is increasing everyday owing to the changing lifestyles, growing population and economic improvements. Growing urbanization and increasing demand for ready to eat or fast food is expected to surge sales of the bakery products. Fortification of bakery products with functional ingredients is further supplementing the shortening market growth.   

Based on sales channel, indirect sales held the major share of 65.4% in the market. The growth of the indirect sales segment is driven by increase in demand for shortening products, fueled by the boom in bakery and confectionery products.

Depending on the market, Europe accounted for the maximum share in the global market in 2020, and is anticipated to continue this trend in the near future. The demand from the region respective food sectors, which is supported by improvement in living standards and population growth, is driving the market. Moreover, increase in emphasis on biofuels, such as biodiesel produced from animal fats, is augmenting the shortening market demand.

The major players in the market are Cargill Incorporated, Premium Vegetable Oils Sdn Bhd, Bunge North America, Inc, Fediol, Namchow Chemical Industrial Co., Ltd, Wilmar International Ltd, Fuji Oil Co., Ltd, Associated British Foods plc, Ventura Foods, and J.M. Smucker Company .

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Key findings of the study    

  • By source, the vegetables segment held the highest share, accounting for 81.1% of the global shortening market.
  • Based on application, the bakery products segment held the major share of 44.2% of the market.
  • Region wise, Europe held the major shortening market share, and is expected to remain dominant throughout the forecast period.     

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Global Advanced High-Strength Steel Market Expected to Reach $29,151 Million by 2023 – Allied Market Research 

According to a new report published by Allied Market Research titled, “Advanced High- Strength Steel Market by Grade and End User: Global Opportunity Analysis and Industry Forecast, 20172023,” the global advanced high-strength steel market size was valued at $13,147 million in 2016, and is expected to reach $29,151 million by 2023, registering a CAGR of 12.2% from 2017 to 2023. North America dominated the global market in 2016, accounting for one-third share of the total revenue.

Advanced high-strength steels, also known as AHSS, are the complex materials produced from heating and cooling processes. The demand of new steel is witnessed increasingly across the world owing to its ductility and formability. In addition, replacing cast iron and conventional steel components with AHSS directly reduces chassis by up to 50%, and thus minimizes fuel consumption of the vehicle. Thus, the adoption of lightweight steel facilitates the incorporation of additional advanced emission control system, safety devices, and integrated electronic systems without hampering the overall vehicle weight. This further supplement the growth of the global advanced high-strength steel market.

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The deployment of AHSS in the automobile industry experiences significant growth. The continuous adoption of the new technologies and grades is expected to shape the automotive sector by providing lighter vehicles and meeting fuel efficiency standards. In addition, it facilitates enhanced performance of the vehicle and superior strength that is achieved with lighter and thinner materials. Implementation of stringent government regulations to reduce the emission of CO2 drives the growth of the advanced high-strength steel market in the automobile industry. Carmakers replace conventional steels with new grades of AHSS and offer lighter body designs with an aim to reduce GHG emissions and improve fuel economy. The body in white (BIW) structure saves around 25% of mass and 9% of total vehicle weight.

The demand for lightweight components, growth in automotive industry, and the need to reduce CO2 emission levels are anticipated to drive the growth of the advanced high-strength steel market during the forecast period. In addition, the growth in shipbuilding industry and increase in urbanization and industrialization, particularly in the developing economies is projected to create lucrative opportunities for AHSS manufacturers to provide their efficient designs to the shipbuilding manufacturers.

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Increase in passenger traffic accounted for delivery of around 1,400 airplanes in 2015; this number increased to around 2,400 airplanes in 2016. Around 39,620 new airplanes are estimated to be delivered globally by 2035. AHSS is used in the aerospace industry in the production of variety of complex components and tight tolerance parts. Thus, the growth in aerospace industry is anticipated to create lucrative opportunities for the aircraft makers.

The Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) formulated a national program for greenhouse gas emissions and fuel economy standards. The program aims to minimize the GHG emissions through improved fuel economy. In addition, it is expected to cut around six billion metric tons of GHG for the vehicles sold in between 2012 and 2025, thereby saving more than $1.5 trillion in fuel costs. The increased consciousness to reduce CO2 and GHG emission levels and stringent government regulations drives the growth of the global advanced high-strength steel market.

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Key Findings of the Advanced High-strength Steel Market: 

  • In terms of value, the dual phase segment in the global advanced high-strength steel market is expected to grow at a CAGR of 13.0% during the forecast period.
  • North America is expected to dominate, registering a CAGR of 11.3% in terms of value.
  • Automotive industry is anticipated to dominate global market registering a CAGR of 12.5%.
  • Asia-Pacific is projected to show exponential growth in demand throughout 2023, growing at a CAGR 14.0% of in terms of value.
  • In the global market, India is expected to grow at a CAGR of 14.0%, in terms of value.

Key players profiled in the global advanced high-strength steel industry include Tata Steel Limited, ArcelorMittal S.A., NanoSteel, AK Steel Corporation, Nucor Corporation, MTL Advanced Ltd., United States Steel Corporation, Baoshan Iron and Steel Co. Ltd., Kobe Steel Ltd., and SSAB AB.

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Hemostasis and Tissue Sealing Agents Market Share, Growth, Statistics, Industry Size, Development, Trend, Demand, End User Analysis

World Health Organization (WHO) projects that the global count of people aged above 65 years, will reach 2 billion by 2050. With the rising geriatric populations, due to several age related conditions, there will be more surgical procedures, which will increase the demand for hemostasis and tissue sealing agents. Hemostasis and tissue sealing agents are used to prevent hemorrhage. During a surgery it is very important to stop the excessive bleeding of the patient, to avoid further damage or death by blood loss. This has created the need for hemostasis and tissue sealing agents. The increasing number of surgeries, introduction of multi-usage and ready-to-use products along with the global rise in geriatric populations supplement the growth of the global hemostasis and tissue sealing agents market during the analysis period. Recently, the FDA has approved numerous hemostatic products that would further drive the growth of global hemostasis and tissue sealing agents market. Factors restraining the market growth are high prices of the products and stringent regulatory environment.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

The companies profiled in this report are Johnson & Johnson, CryoLife, Baxter, Cohera Medical, Omrix Biopharmaceuticals, Advance Medical Solution Group, Entegrion, Cryolife, Bioster and Nycomed.


𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-toc-and-sample/1486


𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟐𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.


The global hemostasis and tissue sealing agents market, is segmented on the basis of product type and geography. The product types considered, in this report include Topical Hemostats and Adhesive and Tissue Sealing Agents. Topical Hemostats are further classified into Mechanical Hemostats, Active Hemostats, Flowable Hemostats, Fibrin Sealants and Topical Thrombin Products. Adhesive and Tissue Sealing Agents are further classified into Natural Tissue Sealants, Synthetic Tissue Sealants and Adhesion Barrier Products. Geographically, the market is segmented into four regions namely North America, Europe, Asia Pacific and LAMEA. 

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/1486


𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

  • The report provides a quantitative analysis of the current market and estimations through 2014-2020, which would enable the stakeholders to capitalize on prevailing market opportunities
  • Extensive analysis of the global apheresis equipment market by product type helps in understanding the types of equipment that are currently used along with the variants that would gain prominence in future
  • Competitive intelligence highlights the business practices followed by leading market players across various geographies
  • Comprehensive analysis of factors that drive and restrict the growth of the global apheresis equipment market is provided
  • SWOT analysis highlights the internal environment of leading companies for effective strategy formulation
  • The apheresis equipment market scenario is comprehensively analysed in accordance to the key regions


𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:


Lung Injury Market

Digital Health Market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Hematology Analyzers and Reagents Market Leading Growth Drivers, Emerging Audience, Segments | Industry Sales, Profits and Regional Analysis

Hematology is a branch of medicine concerned with the study, diagnosis, treatment, and prevention of diseases related to the blood. Hematology Analyzers and reagents are used in the diagnosis and treatment of a wide range of diseases related to red blood cells, white blood cells, platelets, blood vessels, bone marrow, lymph nodes, spleen, and the proteins involved in bleeding and clotting. The increasing number of hematologic conditions like anemia, blood cancer and hemorrhagic conditions have created the need for hematology analyzers and reagents. Recently, with the development of new VCS (Volume, Conductivity and Scatter) technology, many new types of automated hematology analyzers and reagents have been introduced in the market. The integration of flow-cytometry and modern hematology analyzers, increasing adoption rate and automation of analyzers due to technological advancements are the key factors, which would drive the growth of hematology analyzers and reagents market during the analysis period. Furthermore, the emerging economies are rapidly adopting to the automation of hematology analyzers, which has increased the demand for automated hematology analyzers in the market. Factors restraining the market growth are high initial setup cost and a stringent regulatory environment.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

The companies profiled in this report are Abbott Diagnostics, Sysmex Corporation, Beckman Coulter, HORIBA, Siemens AG, Bio-Rad Laboratories, Bayer Healthcare, Cholestech Corporation, Heska Corporation and Horiba Group.


𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-toc-and-sample/1485


𝐆𝐞𝐭 𝐔𝐩 𝐓𝐨 𝟐𝟎% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝐭𝐡𝐞 𝐃𝐚𝐭𝐞 𝟐𝟎𝐭𝐡 𝐨𝐟 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐.


The global hematology analyzers and reagents market, is segmented on the basis of Product type, Application, End User and Geography. The product types considered, in this report include Hematology Analysers, Hemostasis Analysers, Plasma Protein Analysers, Hemoglobin Analysers, Erythrocyte Sedimentation Rate Analyser, Coagulation Analyser, Flow Cytometers, Slide Stainers and Differential Counters. Based on applications, the global hematology analyzers and reagents market is classified into Anemias, Blood Cancers, Hemorrhagic Conditions, Infection Related Conditions, Immune system related conditions and others. The applications segment is further sub-segmented on the basis of product type for cross sectional analysis. Based on End User, the global hematology analyzers and reagents market is segmented into Hospitals, Clinical Laboratories and Nursing Homes. Geographically, the report is segmented into four regions namely North America, Europe, Asia Pacific and LAMEA.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/1485


𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

  • The report provides a quantitative analysis of the current market and estimations through 2014-2020, which would enable the stakeholders to capitalize on prevailing market opportunities
  • Extensive analysis of the global Hematology Analyzers and Reagents market by product type helps in understanding the types of equipment that are currently used along with the variants that would gain prominence in future
  • Competitive intelligence highlights the business practices followed by leading market players across various geographies
  • Comprehensive analysis of factors that drive and restrict the growth of the global Hematology Analyzers and Reagents market is provided
  • SWOT analysis highlights the internal environment of leading companies for effective strategy formulation
  • The Hematology Analyzers and Reagents market scenario is comprehensively analysed in accordance to the key regions


𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Enteral Collagen Peptide Protein Market

Dialysis Concentrate Market

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
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Cosmetic Dentistry Market by Product Type, End User and Age Group – Forecast to 2021–2030

Allied Market Research, titled, cosmetic dentistry, by product type, end-user, and age group: global opportunity analysis and industry forecast, 2021–2030,” the global cosmetic dentistry market size was valued at $14.8 billion in 2020 and is projected to reach $24.3 billion by 2030 registering a CAGR of 5.20% from 2021 to 2030.

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Cosmetic dentistry, also known as aesthetic dentistry, has not been clearly defined by the American Dental Association (ADA). However, dentists define it as the method of dentistry that improves a patient’s smile and self-image. Cosmetic dentistry focuses on improving appearance of the teeth, mouth, and smile. Common cosmetic dentistry options include whitening, reshaping, bonding, bridging, veneers, implants, gum lifts, straightening, and bite reclamation.

Cosmetic dentistry includes a variety of dental treatments aimed at improving appearance of teeth.

Increase in prevalence of dental diseases along with rise in geriatric population, technological advancements in cosmetic dentistry, and rise in demand for cosmetic dentistry are some factors that boost growth of the market. Furthermore, growth in dental tourism in emerging countries is expected to create a lucrative opportunity for the market growth. However, high cost of dental products and procedures, poor reimbursement policies, and dearth of skilled professionals are some factors that are expected to hinder growth of the market.

Table Of Content:

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments

1.3.1.List of key players profiled in the report

1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET LANDSCAPE

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five force analysis
3.4.Top player positioning, 2020
3.5.Market dynamics

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COVID-19 is a large family of viruses that causes illness ranging from common cold to more severe respiratory diseases. The COVID-19 pandemic has restrained the industry growth significantly as demand for cosmetic dentistry decreased as all routine dental care has been suspended in countries experiencing COVID-19 disease during the period of pandemic as dentists, auxiliaries, as well as patients undergoing dental procedures are at high risk of cross-infection in the COVID-19 pandemic. Thus, the outbreak of COVID-19 has negatively impacted the cosmetic dentistry market.

The global cosmetic dentistry market is segmented on the basis of product type, end user, age group and region. By product type, the dental systems and equipment segment dominates the global market in 2020, and is expected to remain dominant throughout the forecast period, owing to factors such as growth in application of novel technologies such as dental CAD/CAM system and others technologies increasing awareness related to dental reformation.

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Key Findings Of The Study

  • By product type, the dental systems and equipment held largest share in the global market in 2020.
  • By end user, the dental hospitals & clinics held largest cosmetic dentistry market share in 2020 and is expected to remain dominant throughout the forecast period.
  • By age group, the adult dominates the global cosmetic dentistry market in 2020 and is anticipated to continue this trend during the forecast period.
  • By region, North America is expected to experience growth at the highest rate, registering a CAGR of 4.60% during the forecast period.

North America accounted for the largest share of the global cosmetic dentistry market in 2020, and is expected to remain dominant throughout the forecast period. This was attributed to the presence of major key players in the countries like the U.S. In addition, increase in focus on surgical procedures for improving the esthetic presence. In addition, high prevalence of people missing teeth in one or both the jaws, coupled with increased adoption of dental implants for treatment purposes, is expected to drive cosmetic dentistry market in the North America.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
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help@alliedmarketresearch.com
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The Major Factors That Drive The U.S. Advanced Wound Care Market: Expected To Reach $4.97 Billion

U.S. Advanced Wound Care Market by Product, Application, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the U.S. Advanced Wound Care market Size was valued at $3.35 billion in 2019 and is expected to reach $4.97 billion by 2027, registering a CAGR of 9.9% from 2020 to 2027. The chronic wounds segment accounted for more than two-third of the total advanced wound care market share in 2019.

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Advanced wound care include products that are used to treat chronic and acute wounds such as burns, ulcers, and postoperative wounds. Advanced wound care products such as hydrogels, hydrocolloids, film & foam dressings, and alginates keep wounds hydrated to facilitate rapid healing. Advanced wound care products provide solutions to patients suffering from chronic wounds by offering them reasonably priced and readily accessible products. Moreover, the report covers information on therapy devices, such as negative pressure wound therapies (NPWT), oxygen & hyperbaric oxygen equipment, electromagnetic therapy devices, electrical stimulation devices, and pressure relief devices. 

Advanced wound care therapies function on the principle of moisture therapy. This involves keeping a wound hydrated to facilitate faster healing. In addition, they are resistant to exogenous infections, and foreign particles. 

In addition, these products help to maintain a steady temperature around the wound, facilitate oxygen flow, relieve pain during dressing changes, and protect wounds from infection, which further fuels their demand in healthcare settings. Moreover, rise in adoption of evidence-based treatments for chronic wounds, problems associated with traditional wound healing methods, and attempts to reduce duration of hospital stays to lower healthcare expenses fuel growth of the U.S. advanced wound care market.

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Active wound care products are most popularly used in advanced wound care therapy as these products stimulate new tissue growth, control infection & pain, and facilitate supply of nutrition to wounds. These products involve substances ranging from relatively low-tech collagen to high-tech artificial growth factors that enhance wound healing process. Thus, advanced wound care products are expected to witness increased adoption, owing to rise in number of plastic surgeries. Conversely, high cost of advanced wound care products is anticipated to act as a restraint for the market. However, increase in focus toward advanced treatment protocols is expected to open new avenues for expansion of the U.S. advanced wound care market.

Depending on product, the therapy devices segment dominated the U.S. advanced wound care market in 2019, owing to rise in incidence rate of chronic diseases such as diabetes & obesity and surge in demand for innovative & advanced wound care products.

By application, the chronic wounds segment accounted for the highest revenue share in the U.S. advanced wound care market in 2019, and is expected to maintain its dominance during the forecast period. This is attributed to rise in prevalence of postoperative surgical wounds and surge in geriatric population. In addition, rise in awareness toward advanced wound care & improved diagnosis and technological advancements in advanced wound care products are expected to offer remunerative opportunities for market expansion in the future.

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Organic Honey Market | Alfalfa Would Exhibit the Highest CAGR of 6.0% During 2021-2030, Owing to its Offerings of Probiotic Action and Antibacterial Properties.

The Organic Honey Market  was valued at $605 million in 2020 and is anticipated to reach $1,060.40 million by 2030 at a CAGR of 5.50%, according to a recent report from Allied Market Research.

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The pollen from plants grown organically is used to make organic honey, which is also produced without using chemical miticides on the bees. By purchasing organic honey, consumers may be sure that they won’t come into touch with pesticides that may be applied to or close to the plants that honeybees visit. Due to consumers’ growing knowledge of the benefits of eating properly, the market for organic honey has seen a surge in demand.

Drivers, Restraints and Opportunities

Rise in demand for organic food among people across the globe, increase in the number of fitness enthusiasts around the world, surge in demand for high nutrient content and quality food, growing awareness about healthy foods among people are expected to drive the growth of the global organic honey market. On the other hand, rising concerns about the purity of the product is expected to hinder the growth to some extent. However, rise in utilization of honey in drugs and health products is expected to create tremendous opportunities in the industry.

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COVID-19 Scenario

  • The outbreak of COVID-19 has had a negative impact on the growth of the global organic honey market, owing to the prevalence of lockdowns in various countries across the globe. Lockdowns led to the closure of manufacturing plants, including those of organic honey.
  • In addition, stringent import and export restrictions imposed by the government created hassles in distribution strength and production capacity.
  • However, the market is expected to recoup soon.

The buckwheat segment to lead the trail

By type, the buckwheat segment generated the highest share in 2020, garnering two-fifths of the organic honey market. Ability of organic buckwheat to improve recovery after surgical procedures with high blood loss drives the segment growth. The Alfalfa segment, on the other hand, is expected to cite the fastest CAGR of 6.0% during the forecast period. This is due to the fact that they have antibacterial properties and offer a probiotic action.

The food and beverage segment to maintain the lion’ share

By application, the food and beverage segment accounted for the highest market share in 2020, garnering nearly one-third of the organic honey market. Rise in the prevalence of honey as a healthier alternative to sugar drive the segment growth. The same segment is anticipated to cite the fastest CAGR of 5.9% during the forecast period, due to surge in the prevalence of honey-sweetened food and drinks.

North America to dominate by 2030

By region, North America held the majority share in 2020, holding nearly one-third of the organic honey market, owing to the rise in the number of health-conscious individuals in this region. The Asia-Pacific, on the other hand, is expected to exhibit the fastest CAGR of 6.2% during the forecast period, owing to the rise in industrialization in this region.

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Prominent Market Players

  • Heavenly Organics, LLC,
  • Little Bee Impex,
  • Nature Nate’s Honey Co.,
  • Barkman Honey,LLC,
  • Dabur Ltd.,
  • GloryBee, Inc.,
  • Rowse Honey Ltd.,
  • McCormick & Company,
  • Madhava Honey LTD,
  • Dutch Gold Honey, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Airway Clearance System Market: By Type, Application, And End User | Expected To Reach $922 Million By 2026

The research report published by Allied Market Report states that the global airway clearance system market is estimated to reach $922 million by 2026. The report provides an in-depth analysis of growth factors, opportunities, market trends, key segments, and competitive landscape. Current market conditions and the future scenario of various regions have been analyzed in the report to help market players in devising expansion strategies. Moreover, it includes country-wise analysis of each region. Product portfolio and business segments of leading market players outline the competitive scenario. The report provides insights to help investors, stakeholders, and new entrants to determine potential opportunities and tap on them to gain competitive advantage.

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The market report includes a detailed analysis of the Covid-19 impact on the airway clearance system market. Over the course of 2019–2027, the market is expected to show significant growth. However, the recent Covid-19 outbreak is likely to affect some of the business operations. The report includes an analysis of how Covid-19 has and will affect the industry, studying reliable sources, interviews of experts, and annual reports of the major market players. The report includes major drivers, restraints, and opportunities within the airway clearance system market.

COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

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Drivers, restraints, and opportunities

Surge in incidence of cystic fibrosis & chronic obstructive pulmonary disease (COPD) and increase in government initiatives to curb respiratory disorders drive the growth of the global airway clearance system market. However, high costs related to airway clearance systems and side effects of excessive dosage hinder the market growth. On the other hand, rise in usage of automation in healthcare industry and rapid adoption of advanced medical solutions create new opportunities in the industry.

North America to maintain its dominant share in terms of revenue by 2026

Based on region, North America contributed the highest market share in terms of revenue, accounting for more than two-fifths of the global airway clearance system market in 2018, and is expected to maintain its dominant share in terms of revenue by 2026. This is due to the presence of advanced healthcare and medical infrastructure. However, Asia-Pacific is estimated to portray the highest CAGR of 6.1% from 2019 to 2026, owing to surge in awareness regarding chronic diseases such as cystic fibrosis.

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The Major Key Players Are:

Allergan plc, Dymedso Inc., Electromed Inc., Ltd., General Physiotherapy Inc Hill-Rom Holdings, Inc., International Biophysical Corporation, Koninklijke Philips N.V. (Philips), Monaghan Medical Corporation, Inc., and PARI GmbH, Thayer Medical.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Back To School Market | The Stationery Segment is Estimated to Manifest the Highest CAGR of 6.5% | Key Player – Acco Brands, Faber Castell, Harlequin International Group Pty Ltd., ITC Limited, Mitsubishi Pencil Co., Ltd

Advancement in technology especially in the gadgets for back-to-school market and innovation in stationery products in market are likely to shape back-to-school market during the forecasted period.

 The global back-to-school market is expected to reach $131.1 billion by 2030, registering a CAGR of 4.8% during the forecast period. The stationery segment led in terms of market share in 2020, and is expected to retain its dominance during the forecast period.

Market dynamics are factors that have an effect on the prices and actions of global back-to-school market participants. When the supply and demand curves for a particular good or service alter as a result of these pressures, pricing signals are produced.

Both macroeconomic and microeconomic issues may be related to forces of market dynamics. Other than pricing, demand, and supply, there are other dynamic market dynamics. Human emotions can also affect the market, affect the way people make decisions, and signal price changes.

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Decision-makers try to figure out the best approach to use different financial tools to stem various methods for accelerating growth and lowering risks when market dynamics affect supply and demand curves.

The Asia-Pacific region, which is the largest and fastest-growing on the planet, has seen a rise in literacy rates specifically in this decade. The region is also expanding in terms of online sales channels, which are quickly becoming one of the dominant sales channels in the retail industry. Now, a lot of brands are moving toward an omni channel market strategy. The COVID-19 pandemic has led to a rise in the sale of school supplies online. Future customer behavior is predicted to continue shifting toward online shopping, which is anticipated to support industry expansion.

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The global acceptance of digital technologies during the pandemic, according to CXO, has caused the education system to advance with the merger of an offline and online education system. For the approaching years, universities intend to keep up with their digital transformations and workshopping as innovative methods of instruction. Additionally, the use of books is forecast to decline while student adoption of digital tools like the Kindle is anticipated to increase. This is explained by the fact that the Kindle itself has a number of benefits, which have increased usage. Along with being paperless, the Kindle also provides free books, discounted books, a dictionary, translations, electronic markers, large print, and a search feature.

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Based on type, the stationery segment contributed to the highest share in 2020, accounting for more than two-fifths of the global back-to-school market, and is projected to continue its leadership status during the forecast period. Moreover, this segment is estimated to manifest the highest CAGR of 6.5% from 2021 to 2030. This is attributed to necessity of various stationary products such as pens, pencils, rulers, sharpeners, color pencils, and notebooks across the globe. The report analyzes the segments including bag pack, electronic, clothing, shoes, and others.

The hypermarket/supermarket segment to maintain its dominant share during the forecast period

Based on distribution channel, the hypermarket/supermarket segment contributed to the largest share in 2020, accounted for nearly two-fifths of the global back-to-school market, and is estimated to maintain its dominant share during the forecast period. This is due to availability of broad variety of products under a single roof and ample availability of parking space and convenient operation timings. However, the e-commerce segment is projected to portray the fastest CAGR of 6.0% from 2021 to 2030. This is due to ease in availability, benefits such as information about the attributes of the products, time-saving features, and facility of home delivery provided by online platforms.

Asia-Pacific, followed by Europe and North America, to maintain its lead position by 2030

Based on region, Asia-Pacific, followed by Europe and North America, accounted for the highest market share in 2020, contributing to around two-fifths of the global back-to-school market, and is estimated to maintain its lead position by 2030. Moreover, this region is expected to register the largest CAGR of 6.0% during the forecast period. This is due to huge consumer base and massive opportunities for growth

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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At 8.8% CAGR Functional Pet Food Market to Reach $4.67 Billion by 2030 | Cat Segment is Estimated to Witness the Fastest Growth, Registering a CAGR of 9.6%

Increase in adoption of pets, awareness regarding functional pet food, and concerns about the health of pets are the major driving forces of the global functional pet food market. In addition, surge in consumer spending on pet care products, such as healthy food, functional, and grooming products, notably contributes toward the growth of the overall market.

According to a new report published by Allied Market Research, titled, “Functional Pet Food Market by Pet, Source, Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global functional pet food market size is expected to reach $4,676.1 million by 2030 at a CAGR of 8.8% from 2021 to 2030. 

Veterinary pet trials clearly indicated that functional foods provide health benefits when administered on a regular basis with adequate active principles in the context of a well-balanced diet. Functional pet foods are meant to provide high nutritional food for overall health of the pet.

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Functional pet foods are processed form of food with added required minerals, carbohydrates, proteins, and fats. They improve the health of pets and meet the nutrient & mineral requirements in pets. Pet humanization has created awareness among pet owners concerning their pet’s behavior, fitness, and overall health. It has resulted in pet owners switching from allergic content food to functional food to keep pets healthy and disease-free. In addition, the trend of functional dog food in the market has given lucrative opportunities to small-scale producers to increase their market share and create competition for global companies, such as, Nestlé, The Scoular Company, and Roquette Frères, by offering organic dog food products. Fish and birds are widely adopted pets after dogs and cats as they are less expensive and easy to be taken care of. The diet of birds and fish vary depending on their size, habitat, and other behavior. A bird’s diet includes seeds, nuts, worms, water, small insects, and beetles whereas fish usually eat flaked foods made of fish meal, vitamins, minerals, and squid meal. The other pet food sales have witnessed slight increase over the years due to rising population of fish, small mammals, and reptiles. Growing adoption of birds and fish further contributes to the growth of the functional pet food market during the forecast period.  

The global functional pet food industry was already growing at a strong rate pre-pandemic, but certain COVID-19 repercussions accelerated this growth and are expected to sustain it for years to come.

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Before pandemic, the global functional pet food market witnessed significant growth due to high consumer spending on pet health and grooming and increase in pet adoption rate but certain unintended consequence of COVID-19 accelerated this growth and are expected to sustain it during the forecast period.

The functional pet food market is segmented into pet, source, application, distribution channel, and region. On the basis of pet, the market is categorized into dog, cat, and others. On the basis of source, the market is bifurcated into organic and conventional. By application, it is segregated into bone health, brain health, obesity, heart health, and others. Depending on distribution channel, it is divided into pet stores, pharmacies, veterinary clinics, online stores, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and Rest of LAMEA).

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According to the functional pet food market trends, on the basis of pet, the cat segment was valued at $439.5 million in 2020, and is projected to reach $1,127.8 million by 2030, registering a CAGR of 9.6% from 2021 to 2030. Smaller pets are ideal companions to the lifestyle of a busy consumer. Pet ownership of cats is gaining popularity due to rise in need of smaller pets in households. There is a growing tendency to manufacture cat food products as per different life stages of a cat. Therefore, manufacturers are increasingly offering product ranges and variants from baby cats to adult cats. However, organic functional cat foods are increasingly marketed as consumers are switching to healthy and nutritious food to meet their cats’ therapeutic needs. With increasing health-consciousness among consumers, product manufacturers aim at offering food without adding artificial additives, false colors, and preservatives. Therefore, manufacturers, particularly small-scale producers are finding success in the cat food market by focusing on premium and health categories. Some of the functional ingredients, such as prebiotics, probiotics, and omega-3, are also found in cat food to improve skin and coat, oral health, weight management issues, urinary tract issues, and strengthen the immune system.

According to the functional pet food market study, On the basis of application, the bone health segment is estimated to reach $284.6 million by 2030 at a CAGR of 9.6%. Bone health supplements are gaining significant importance among pet owners as bone problems in cats, dogs, and other pet animals are very painful, which sometimes lead to loss in their will to play, eat, or go on walks. Moreover, joint pain, osteoarthritis, dysplasia, and osteochondrosis dissecans are serious joint issues that need to be dealt with as soon as their symptoms arise in pets. Growing concerns about the health of pet animals and rising spending for pet animals are expected to contribute to the growth of the functional pet food market share.  

By source, the organic segment is estimated to reach $1,117.4 million by 2030 at a CAGR of 11.7%, owing to increase in consumer awareness regarding natural and organic pet food products, which has forced manufacturers to shift their focus from synthetic to natural products. Pet owners are increasingly buying premium and super-premium functional pet food, as owners treat pet animals such as family members. This is attributed to the fact that premium pet functional pet foods are natural, organic, have higher quality, and are safer than regular pet foods. The organic segment offers lucrative opportunity for pet food and functional pet food manufacturers during the forecast period. 

According to functional pet food market analysis, as per distribution channel, the pet stores segment is estimated to reach $1681.5 million by 2030, growing at a CAGR of 8.3%. A specialized pet shop, popularly known as a pet store, sells different kinds of animals, food types, and pet accessories under one roof. Specialized pet shop is the second fastest growing sales channel after internet sales. Consumers are benefited with wider and specific option as per their pets’ requirements. For instance, veterinary diet offered by PetCo assists to improve immune system for dogs and cats and promotes healthy fur. Pet stores located in the U.S. and Canada include PetCo, Petland, Pet Valu, and PetSmart. Additionally, there are many smaller pet shops, such as Big Al’s and Pet Food Express, which are present at smaller number of location.

Region-wise, Europe has been gaining considerable traction in the functional pet food market, and is expected to grow at a significant CAGR during the functional pet food marketforecast period. The Europe functional pet food market is the second-largest market in the world, owing to increasing trend of nuclear families. The nutritional food segment is the fastest-growing food type, owing to increasing awareness about pet’s health. Significant increase in pet ownership in European countries, including Russia, Germany, Spain, and Italy; increase in spending power of pet owners; and economic stability are some of the major drives for the functional pet food market growth in Europe. Furthermore, rise in practices of cross-breeding and innovations in pet care products are motivating people to adopt pets. This is anticipated to favor the growth of the Europe functional pet food market during the forecast period.

The players operating in the functional pet food industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include DAR PRO Ingredients, Kerry Group, Archer-Daniels-Midland Company, The Scoular Company, Roquette Frères, Isonova Technologies LLC, PDM Group (Prosper De Mulder Ltd), Nestlé Purina PetCare Company, Bacterfield, and Petcurean Pet Nutrition USA Inc.

Key findings of the study

  • By pet, the cat segment is estimated to witness the fastest growth, registering a CAGR of 9.6% during the forecast period.
  • In 2020, depending on application, the bone health segment was valued at $284.6 million, accounting for 14.6% of the global functional pet food market share. 
  • In 2020, the U.S. was the most prominent market in North America, and is projected to reach $1148.6 million by 2030, growing at a CAGR of 7.0% during the forecast period.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

David Correa
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