Crunchy Chocolate Market Research, 2023 | Analysis, Share, Demand, Size and Forecast to 2030 

According to a new report published by Allied Market Research, titled, “Crunchy Chocolate Market by Type, Distribution Channel, Age Group and Price Point: Global Opportunity Analysis and Industry Forecast, 2021-2030, ”The crunchy chocolate market size is expected to reach $27,860.0 million by 2030, registering a CAGR of 5.1% from 2021 to 2030. 

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Crunchy chocolate or wafer chocolate is mostly made by coating a piece of wafer with a layer of chocolate. However, sometimes nuts, fruits, cereals, etc. are also added along with a filling of delectable flavors such as honey, caramel and butterscotch to enhance its flavor. 

Numerous applications of crunchy chocolate has been influencing its demand as crumbs and chunks of crunchy chocolate are used with beverages such as coffee and smoothies or are used to make chocolate sandwiches.  

Global Key Players: 

  • Nestle SA,  
  • Mars Inc.,  
  • Mondelez International 
  • Ferrero Group, A. Loacker Spa 
  • Lindt & Spruengli AG,  
  • Yıldız Holding,  
  • Pierre Hermé Paris,  
  • Maison Chaudun  
  • Неrѕhеу’ѕ’.  

The outbreak of COVID-19 has negatively impacted crunchy chocolate market demand. This is attributed to the lockdown implemented across various countries. The pandemic has generated severe negative impacts on the economy as a whole as well as per capita income of individuals across the globe. According to the International Monetary Fund (IMF), the global growth is projected at -4.9% in 2020, with a drop of -8.0% in advanced economies and -3.0% in the emerging markets & developing economies. As numerous consumers have been living on reduced incomes or no incomes, their household expenditure has been restricted to essential purchases.  

According to the crunchy chocolate market analysis, the market is segmented into type, distribution channel, age group, price point and region. On the basis of type, the market is categorized into bar, toffee bites, truffles, balls and others. On the basis of distribution channel, the market is segmented into, supermarket/hypermarket, convenience stores, dollar stores, food services, duty-free outlets, e-commerce and others. By age group, market is categorized into, millennial, Gen A/Z and gen X/boomers.  

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According to the crunchy chocolate market trends, on the basis of type, the truffles segment has been gaining significant share in global market and is estimated to reach $2,724.6 million by 2030 at a CAGR of 6.6%. The demand for sugar-free truffles crunchy chocolate has gained greater significance in the industry, owing to health concerns over snacking calories and sugar consumption. Therefore, truffles marketers are not only innovating fun and flavorful products but also modernizing with non-caloric sweeteners. Furthermore, the truffle chocolate market is driven by the growing popularity of online distribution channels. E-commerce enables customers to access regional and global brands of truffle chocolates. The significant rise in the number of e-commerce vendors across the world is fueled by the increased global penetration of smartphones. Brand-owned online platforms and pure-play e-retailers are offering truffle chocolates. Amazon.com (Amazon) and eBay Inc. (eBay) are among the major online retailers of truffle chocolates globally.                                                                           

According to the crunchy chocolate market trends, on the basis of distribution channel, the e-commerce segment is growing at significant CAGR growth rate and is estimated to reach $3,253.1 million by 2030. E-commerce distribution of the crunchy chocolate is gaining major popularity owing to proliferation of internet of things at commercial level. Surge in e-commerce sales, improvements in logistics services, and ease in payment options for major brands boost the crunchy chocolate market growth. E-commerce distribution is one of the fast-emerging sales channels in the product market. Consumers prefer online platforms due to ease of accessibility and convenience. This platform offers a number of discounts on online purchase of crunchy chocolate to attract more customers.  

According to the crunchy chocolate market forecast, on the basis of age group, the Gen X/Boomers segments accounted for around 23.9% crunchy chocolate market share in 2020, with and is expected to grow at CAGR of 3.6% during the forecast period. The demand for sugar-free chocolate bars has gained greater significance in the industry, owing to health concerns over snacking calories and sugar consumption. Therefore, chocolate marketers are not only innovating fun and flavorful products but also modernizing with non-caloric sweeteners. For instance, in February 2021 Mondelēz International Company launched Cadbury dairy milk with Oreo in Mint and Strawberry. Growing product launches with low sugar and gluten free chocolates is likely to reflect the demand from Gen X/boomers segment. 

According to the crunchy chocolate market analysis, on the basis of price point, the premium segment is estimated to reach $12,362.8 million by 2030 at a CAGR of 6.2%.The premium segment accounts for those products that are extremely high-end, expensive, and targeted to a limited audience. Consumers in this segment prefer sophisticated products usually exclusive or hand-made by artisan chocolate makers. They prefer a personal touch in their purchases and also tend to have specific packaging preferences. Consumers in this segment pick experience as compared to possession. Premium brands are intended to have symbolic and experiential benefits in terms of prestige and social status.  

Key Findings Of The Study  

  • The crunchy chocolate market size was valued at $16,867.1 million in 2020, and is estimated to reach $27,860.0 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.  
  • By type, the truffles segment is estimated to witness the significant growth, registering a CAGR of 6.6% during the forecast period. 
  • In 2020, depending on distribution channel, the supermarket/hypermarket segment was valued at $5,778.8 million, accounting for 34.3% of the global crunchy chocolate market share. 
  • By age group, the millennial segment is estimated to witness the significant growth, registering a CAGR of 6.1% during the forecast period. 
  • By price point, the premium segment is estimated to witness the significant growth, registering a CAGR of 6.2% during the forecast period. 
  • In 2020, the France was the most prominent market in Europe, and is projected to reach $1,516.3 million by 2030, growing at a CAGR of 6.1% during the forecast period. 

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XR Headset Market to Reach $401.4 Million by 2031- Says Allied Market Research | Predicted to Surge with Rapid Technological Advancements 

The growing use of XR headset in the media and entertainment sector drive the growth of the global XR headset market. However, the e shortage of skilled technical personnel having good XR technology knowledge along with a lack of awareness about the technology in developing countries is predicted to hamper the market growth. Moreover, the industry players are investing a lot of effort on the R&D of smart and unique strategies to sustain their growth in the market, thereby presenting new opportunities in the coming years. 

According to the report, the global XR headset Market generated $38.1 million in 2021, and is anticipated to generate $401.4 million by 2031, witnessing a CAGR of 28.3% from 2022 to 2031. 

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COVID-19 IMPACTS:  

• The outbreak of the Covid-19 pandemic had a negative impact on the global XR headset market, owing to increased use of XR headset across various sectors including healthcare, education, automotive, e-commerce, and others. 

• Due to implementation of strict lockdowns across the globe, several organizations mandated their employees to work from home, thus, raising the need for virtual meetings, training, and conferences. 

Based on end user, the media and entertainment segment held the highest market share in 2021, accounting for nearly one-thirds of the global XR headset market and is estimated to maintain its leadership status throughout the forecast period. Due to individuals being forced to stay at home and engage in activities that promote social isolation, the use of XR headsets in the media and entertainment sector has significantly expanded, since 2020. However, the healthcare segment is projected to manifest the highest CAGR of 29.9% from 2022 to 2031.  

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Based on solution, the consumer engagement segment held the highest market share in 2021, accounting for more than half of the global XR headset market, and is estimated to maintain its leadership status throughout the forecast period. XR headsets increase customer engagement by stimulating their senses as they interact with the goods that are for sale. However, the business engagement segment is projected to manifest the highest CAGR of 29.0% from 2022 to 2031. Interaction between employers, vocational rehabilitation (VR), and other workforce development and education organizations that results in measurable improvements in desired outcomes for both parties is referred to as business engagement. Additionally Better insight through data visualization. It’s improved internal communication and collaboration. Because all of this extended reality had become more common in the business world. 

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly one-thirds of the global XR headset market. However, the Asia-Pacific region is expected to witness the fastest CAGR of 29.9% from 2022 to 2031, and is likely to dominate the market during the forecast period. The region’s media and entertainment sector’s increasing use of VR and AR technologies is largely to contribute for this huge rise. Additionally, improvements in 5G infrastructure in China and India are anticipated to boost XR headset sales in this region over the course of the projection period 

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Key Market Players: 

• Qualcomm Technologies Inc. 

• 4DR studios 

• 4experience 

• Microsoft Corporation 

• Aircards 

• ARuVR 

• Arvizio, Inc 

• Cavrnus, Inc. 

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Tallow Fatty Acid Market Share, Size, Trends and Forecast 2023-2030 

According to a new report published by Allied Market Research, titled, “Tallow Fatty Acid Market by Type, Form, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” 

The global tallow fatty acid market size was valued at $79,828.0 million in 2020, and is projected to reach $173,094.5 million by 2030, registering a CAGR of 6.9% from 2021 to 2030. 

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Tallow fatty acids are a family of fatty acids derived mainly from animal fat, more particularly of bovine origin. These acids are a mixture of saturated fatty acids (such as myristic, palmitic, and stearic) and unsaturated fatty acids (such as palmitoleic, oleic, and linoleic). It can be marketed retaining the same fatty acid distribution of tallow or can be performed prior to distillation partial hydrogenation that increases the stability of the product. 

The major key players: 

  • Ajinomoto Co., Inc. 
  • Australian Tallow Producers,  
  • Baker Commodities Inc.,  
  • Cargill, Darling industries,  
  • Darling Ingredients, Inc.,  
  • Jacob Stern & Sons Tallow,  
  • SARIA SE & Co. KG,  
  • Parchem,  
  • Cailà & Parés,  
  • Vantage Specialty Chemicals Inc. 

In 2020, Europe accounted for the largest tallow fatty acid market share of around 37.5% due to positive growth in the rubber and plastics industries, which fueled the overall growth of the Europe tallow fatty acid market. Tallow fatty acid is widely used in rubber and plastics industries due to its ability to provide stabilizing, lubricating, and gelling properties. However, emerging countries in North America are anticipated to witness increase in tallow fatty acid market demand during the forecast period, owing to rising healthcare spending and increasing market innovation in the U.S. and Canada, which are two major factors and tallow fatty acid market trends that are expected to drive the tallow fatty acid market growth. The presence of stringent government policies to maintain hygiene across the food & beverages and medical industries is a major factor driving the tallow fatty acid industry growth in the tallow fatty acid market. 

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Growth in value sales for the tallow fatty acid market is attributable to various factors such as surge in demand from downstream industries, including personal care, soap, and detergent industries. In addition, there is increased demand for tallow fatty acids in the food & beverages industry. The tallow fatty acid market is expanding due to strong growth in the food & beverages industry, which is being driven by rising consumer food spending and demand. Furthermore, it is used as an additive in the manufacture of a variety of food products. As a result, growth in the food & beverages industries is boosting the market for tallow fatty acids. 

Tallow fatty acid has witnessed higher rate of penetration in North America as well as Europe regions. However, low availability has been observed for these products in some major parts of LAMEA region, which is attributable to low performing macro-economic factors such as internet penetration and aggressive marketing strategies by the manufacturers as well as lack of awareness among consumers in this region. Thus, lower penetration of such products limits the growth of the tallow fatty acid market. 

During the outbreak of COVID-19, there occurred certain questions regarding the spread of COVID-19 through animal meat byproducts. According to the North American Renders Association (NARA), the COVID-19 virus can be killed in a few minutes at 50 to 70 degree Celsius temperature. Tallow fatty acid is obtained after rendering the meat of bovine origin animals at a temperature of 115 degree to 145 degree Celsius. Moreover, there is no documented case of disease outbreak by viruses from the byproducts of rendered animal. Therefore, the myths regarding the spread of COVID-19 through the rendered animal byproducts were busted by the associated authorities and organizations, and subsequently the demand for tallow fatty acid among consumers remained intact during the peak period of the pandemic. However, the pandemic had an adverse effect on the supply chain and distribution systems. COVID-19 has contributed to lack of animal fats supply, primarily on the market. Thus, products were in short supply. 

The tallow fatty acid market is segmented on the basis of type, form, end user, and region. Based on type, the market is divided into monounsaturated fatty acid, polyunsaturated fatty acid, and saturated fatty acid. As per form, it is bifurcated into liquid and solid. 

According to end user, the tallow fatty acid market is fragmented into animal feed, cosmetics and personal care industry, food & beverages industry, biodiesel, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Belgium, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the rest of LAMEA). 

Key findings of the study 

  • The global tallow fatty acid market size was valued at $79,828.0 million in 2020, and is projected to reach $173,094.5 million by 2030, registering a CAGR of 6.9% from 2021 to 2030. 
  • By type, the monounsaturated fatty acid segment was the highest contributor to the market, with $34,688.5 million in 2020, and is estimated to reach $69,273.4 million by 2030, at a CAGR of 6.0% during the forecast period. 
  • By form, the solid segment was the highest contributor to the market, with $50,862.1 million in 2020, and is estimated to reach $109,386.5 million by 2030, at a CAGR of 6.8% during the forecast period. 
  • By end user, the food & beverages industry segment was the highest contributor to the market, with $24,751.0 million in 2020, and is estimated to reach $50,081.7 million by 2030, at a CAGR of 6.2% during the forecast period. 
  • By region, Europe was the highest revenue contributor, accounting for $29,951.5 million in 2020, and is estimated to reach $59,025.2 million by 2030, with a CAGR of 5.9%. 

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Burial Insurance Market: Latest Industry Trends, Trades, Supply, Demand, Prospects by 2032

A recent report from Allied Market Research has been released under the title “Burial Insurance Market Size.” The report covers aspects such as different types of burial insurance (Simplified Issue, Guaranteed Issue, and Pre-need Insurance) and the age groups of end users (Over 50, Over 60, Over 70, and Over 80). The findings reveal that in the year 2022, the global burial insurance industry had a total revenue of $142.9 billion. Projections indicate a significant growth trajectory, with expectations for the industry to reach a substantial $370.1 billion by 2032. This growth is set to occur at a Compound Annual Growth Rate (CAGR) of 10.3% between the years 2023 and 2032.

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Prime Determinants of Growth:  

The global burial insurance market is experiencing growth due to factors such as the increase in the aging population, rising funeral costs, and increasing awareness and marketing efforts by burial insurance providers. On the other hand, limited awareness, changing preferences, and underwriting and eligibility requirements hampered the growth of the market to some extent. On the contrary, the increase in acceptance of burial insurance, technological advancements, and digital distribution channels have opened new opportunities for market growth.    

COVID-19 Scenario-  

  • The COVID-19 pandemic had a positive impact on the burial insurance market. The pandemic led to a surge in deaths worldwide, creating a higher demand for burial insurance policies.   
  • However, the pandemic brought attention to the financial risks associated with unexpected deaths. People became more aware of the potential financial burden their families could face in terms of funeral expenses, outstanding debts, and other end-of-life costs. This awareness drove the demand for burial insurance to alleviate these financial concerns. This led to the rapid growth of the burial insurance market.  

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The guaranteed issue segment to maintain its leadership status throughout the forecast period-  

Based on type, the guaranteed issue segment held the highest market share in 2022, accounting for nearly half of the global burial insurance market revenue, and is expected to maintain its leadership status throughout the forecast period. However, the same segment is projected to manifest the highest CAGR of 11.9% from 2023 to 2032, owing to the absence of a medical exam requirement. The application process for guaranteed-issue burial insurance is simple and straightforward. It involves answering a few basic questions about age, gender, and sometimes tobacco use. This ease of application makes it more accessible to a wider range of individuals, including older adults or those with limited mobility.    

The over 60 segment to maintain its lead position throughout the forecast period-  

By age of end user, the over 70 segment held the highest market share in 2022, accounting for more than one-third of the global burial insurance market revenue. On the other hand, the over 60 segment  is estimated to maintain its lead position in terms of revenue throughout the forecast period, as it is relatively easier to obtain compared to traditional life insurance policies. Burial insurance policies for over 70 age groups are more affordable and have lower premium payments compared to other types of insurance coverage. However, the over 50 segment would showcase the fastest CAGR of 12.5% from 2023 to 2032. as the over 50 age group recognizes the need to plan to ensure that their funeral expenses are covered without burdening their close ones. Burial insurance has more relaxed underwriting standards compared to traditional life insurance policies. This makes it easier for individuals in the over 50 age group to qualify, even if they have pre-existing health conditions. The simplified application process and minimal medical requirements make burial insurance an attractive option for this demographic.  

North America to maintain its dominance by 2032-  

Based on region, North America held the highest market share in 2022, garnering around two-fifths of the global burial insurance market revenue, and is likely to dominate the market during the forecast period. owing to rising awareness regarding burial insurance coverage, an increase in the aging population, rising funeral costs, and growing marketing efforts. However, the Asia-Pacific region is expected to witness the fastest CAGR of 14.8% from 2023 to 2032. owing to the aging population, increasing awareness about end-of-life expenses, changing socioeconomic factors, rising healthcare costs, ease of access and customization of burial insurance policies, and government initiatives. These factors collectively contribute to the growing demand for burial insurance products in the region.  

Leading Market Players: –  

  • Colonial Penn  
  • Globe Life and Accident Insurance Company  
  • Mutual of Omaha Insurance Company  
  • Progressive Casualty Insurance Company  
  • Foresters Financial  
  • State Farm Mutual Automobile Insurance Company  
  • Sentinel Security Life Inc.  
  • Fidelity Life Association  
  • Choice Mutual  
  • The Baltimore Life Insurance Company  

The report provides a detailed analysis of these key players in the global burial insurance market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others, to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.  

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Burial Insurance Market Key Segments: 

By Type 

  • Simplified Issue 
  • Guaranteed Issue 
  • Pre-need Insurance 

By Age of End User 

  • Over 50 
  • Over 60 
  • Over 70 
  • Over 80 

Regional Reports:

U.S. Burial Insurance Market 

Europe Burial Insurance Market

UK Burial Insurance Market

Japan Burial Insurance Market

Australia Burial Insurance Market

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Beverage Stabilizer Market is Registering a CAGR of 6.1% | Size, Share, Trends and Growth  

According to a new report published by Allied Market Research, titled, “Beverage Stabilizer Market by Product Type and Beverage Type: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,” the global beverage stabilizer market size was valued at $1,358.7 million in 2017, and is expected to garner $1,938.2 million by 2025, registering a CAGR of 6.1% from 2018 to 2025. A beverage stabilizer is a product that prevents degradation in beverages. It helps prevent sedimentation by keeping ingredients suspended in the solution.  

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Beverage stabilizers also add viscosity to enhance flavor and improve consistency of beverages. Modified starch, pectin, carrageenan, casein inulin, and hydrocolloids are among the most commonly used beverage stabilizers. The worldwide demand for beverage stabilizers is on the rise, and this is governed by the performance quality and functionality of the products. Increase in demand for beverage stabilizers is one of the factors that support beverage stabilizer market development and significant innovation. 

The Global Key Players: 

  • Acatris, BASF,  
  • Glanbia Nutritionals,  
  • Nexira, W.R. Grace & Co., 
  • Advanced Food Systems Inc. 
  • Chemelco International Bv,  
  • Lanxess Deutschland GmbH,  
  • Silvateam S.p.a.,  
  • TIC Gums, Inc. 
  • Brisan Group.  

The growth of the beverage stabilizer industry is driven by the increase in number of QSRs and development of food & beverage industry. Moreover, there is an increase in the usage of beverage stabilizers due to rise in the consumption of packaged and convenience goods around the world. This further fosters the growth of the global beverage stabilizer market. However, fluctuating raw material prices act as the major restraint for this market. On the contrary, rise in consumption of functional beverages is expected to provide ample opportunities for the beverage stabilizer market growth in the future. 

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According to Shankar Bhandalkar, Senior Research Analyst, Food & Beverage at Allied Market Research, “There has been a rise in the number of quick service restaurants (QSRs) all around the world owing to increase in affinity of consumers toward fast food. Many fast food restaurants depend on beverage stabilizers to prolong the shelf life and improve visual appeal of food items. Thus, increase in affinity toward fast food positively impacts the beverage stabilizer market growth.” 

In 2018, the sprays/aerosols segment accounted for the highest share in the product type segment. The market for sprays/aerosols is driven by ease of use and availability all over the world. In the same year, the xanthan gum segment accounted for the highest share in the product type segment as it is an effective thickening agent and stabilizer that helps prevent separation of the ingredients. Moreover, the growth of the food industry has paved the way for the increase in demand for xanthan gum. 

The soft drinks category in the beverage type segment dominated the beverage stabilizers market in 2018, attributed to increase in consumption of aerated drinks all around the world. However, the others segment is projected to grow at the highest CAGR throughout the forecast period. This was attributed to increase in disposable income and rise in affinity of consumers to spend on packaged or convenient goods. 

Key Findings of the Beverage Stabilizer Market: 

  • Based on product type, the xanthan gum segment was the largest contributor to the beverage stabilizer market, in 2018, and is expected to grow at the highest CAGR of 6.6% from 2018 to 2025. 
  • Based on beverage type, the soft drinks segment was the highest contributor to the market in terms of value in 2018 and is estimated to grow at a CAGR of 4.0% from 2018 to 2025. 
  • Based on beverage type, the others segment is expected to grow at the highest CAGR of 7.5% from 2018 to 2025. 
  • Based on product type, pectin accounted for 23.4% of the beverage stabilizer market share in 2018 and is estimated to grow at a CAGR of 5.9%. 

In terms of value, Asia-Pacific contributed a significantly high market share in the global beverage stabilizer market in 2018. The key players profiled in the report include Archer Daniels Midland Company, Ashland Global Holdings Inc., Cargill, Incorporated, CP Kelco, DowDuPont Inc., Ingredion, Inc., Kerry Group, Palsgaard A/S, Tate & Lyle Plc., and Royal DSM. 

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Sorghum and Sorghum Seeds Market Size, Share, Trends, Growth Analysis and Forecast o 2030 

According to a new report published by Allied Market Research, titled, “Sorghum and Sorghum Seeds Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the sorghum and sorghum seeds market was valued at $8,279 million in 2016, and is projected to reach $10,591 million by 2023, growing at a CAGR of 3.6% from 2017 to 2023. The grain sorghum segment accounted for nearly half of the global market in 2016. 

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Sorghum is a versatile crop, which belongs to the grass family Poaceae. Sorghum can be grown as a forage, grain, or sweet crop and is among the most efficient crops in conversion of solar energy into chemical energy, use of water, and is known as a drought tolerant, high energy environmentally friendly crop. Several species of sorghum is grown for grains while other species are used as fodder plants, which is either naturally grown in pasture lands or is cultivated in large areas. Depending upon the variety of sorghum species, it can be used for grazing pasture, hay production, and green chop. Forage sorghum is the most popular species, which is widely used as silage for livestock feeding. Biomass sorghum species are widely used in the production of bioenergy worldwide. Sweet sorghum is primarily cultivated for producing sorghum syrup to be used as a healthy alternative sweetener for alcoholic beverages and for chemical production and biofuel. 

The Major key Players include in this Report: 

  • National Sweet Sorghum Producers & Processors Assn,  
  • National Sorghum Producers,  
  • Sorghum Forum Of South Africa,  
  • Shri Lal Mahal Group,  
  • Richardson Seeds, 
  • Mabele Fuels,  
  • Advanta Seeds US, 
  •  DuPont, Archer Daniels Midland 
  • Ingredion.  

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Increase in demand for sorghum as an alternative sweetener for various alcoholic beverages is one of the key factors that drives the growth of the market. Also being a versatile crop, sorghum is used in various rapidly growing markets such as fencing, floral arrangements, pet food, building material, and others, which is another factor that drives the growth of the global sorghum and sorghum seeds market. Moreover, increase in demand for biofuel and rise in prices of crude oil and fossil fuels is further anticipated to bolster the demand for biomass sorghum during the forecast period. However, increase in number of alternatives as well as changes in consumer preference might hamper the market growth. 

The grain sorghum segment accounted for nearly half of the global market, in terms of volume, in 2016. The demand for sorghum has increased due to increase in demand for cost-effective livestock feed as well as increase in demand for biofuel and ethanol. Thus, increase in requirement of forage sorghum in livestock feed application and rise in demand for sweet sorghum for artificial sweeteners is expected to drive the market growth. 

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Key Findings of the Sorghum And Sorghum Seeds Market: 

  • The biofuel and ethanol segment is anticipated to grow at the highest CAGR during the analysis period. 
  • The human feed application segment accounted for the highest share in the market and is anticipated to maintain its dominance throughout the forecast period growing at a CAGR of 3.8%. 
  • LAMEA is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 4.3%, in terms of volume. 
  • The grain sorghum segment occupied for nearly half of the total market in 2016. 
  • China occupied for around one-fourths of the Asia-Pacific market in 2016. 
  • In terms of value, South Africa is expected to grow at a significant CAGR of 4.0% during the forecast period. 

In 2016, Asia-Pacific and LAMEA collectively accounted for nearly 70% of the global market, in terms of volume, and are expected to continue this trend during the forecast period, owing to increase in demand for gluten free food, especially in China, India, Brazil, and other developing countries. Moreover, development of the livestock feed industry, increase in per capita income, and growth in overall consumer expenditure drive the growth of the LAMEA market. 

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Orange Essential Oil Market (Industry) Increasing Demand, Emerging Trends, Growth and Future Scope by 2032

Orange essential oil is extracted by using a method known as cold pressing that uses pressure to squeeze the orange oil from rind. Occasionally, orange plant leaves and flowers can be used to extract oil. Orange essential oil is applied to give various beverages such as smoothies, shakes, and juices a tempting and sweet orange flavor and to impart the orange flavor to various bakery and confectionery products such as pastries, chocolates, muffins, and cookies. In addition, it is used as a fragrance ingredient in various cosmetics and food & beverages.

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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in demand for natural additives in the food &beverage industry is key driver of the global orange essential oil market. In addition,rise in health consciousness among general public is fueling the demand for products made from chemical-free flavors and ingredients, which resulted in increased usage of orange essential oils.

Moreover, wide application of orange essential oil in various industries due to its health benefits and nutrients is driving the growth of the market and supporting the market to remain profitable in future. It is widely used in the food &beverages, dietary supplements, and pharmaceutical industries. In addition, orange essential oil is used in the manufacturing of body lotions, hair oils, face creams, bathing soaps, and other cosmetic &personal care products.

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Fluctuating limonene price is restraining the market growth

The production and supply of citrus fruits such as oranges, lemons, and lime among other have been declining from past few years. This decline of orange fruits has created shortage of raw materials for the production of orange essential oil;thus, the price of various orange essential oils is experiencing frequent fluctuation, which is the major challenge that companies are facing in the market.

Key Benefits of the Report:

  • This study presents the analytical depiction of the global orange essential oil industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global orange essential oil market share.
  • The current market is quantitatively analyzed to highlight the global orange essential oil market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

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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.

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Skimmed Milk Market 2023-2031 | Share, Analysis, Demand and Forecast 

According to a new report published by Allied Market Research, titled, Skimmed Milk Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 20182024 the global skimmed milk market was valued at $9,894 million in 2017, and is projected to reach $16,498 million by 2024, registering a CAGR of 7.3% from 2018 to 2024. In 2017, the confectionery segment accounted for more than one-fifth share of the global market in terms of value. 
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The key Players: 
Alpen Dairies 
Amul 
Arla Foods 
Dairy Farmers of America Inc. 
Danone S.A. 
Fonterra Co-operative Group Limited 
LACTALIS Ingredients 
Nestle S.A, Saputo Inc. 
Schreiber Foods Inc.  
Skim milk is a type of milk, which is created by removing cream from milk. The modernized and quick way of making skim milk is to place the whole milk into a machine called a centrifugal separator, which spins some or all of the fat globules out of the milk. As cream has been removed from milk, it contains 0-0.5% of fat contents, usually has an average fat content of 0.1%. Skim milk is lower in calories as compared to other types of milk and it contains lactose, milk proteins, and minerals in the same relative proportions as the fresh milk from which it was made. 
Skim milk has slightly more calcium and protein when compared to full fat milk and has no added sugar. It is loaded with protein, calcium, phosphorous, vitamin D, and vitamin A, making it a source of high-quality complete protein. It helps build strong bones, teeth, and muscles, and also aids in healthy weight management. Owing to these beneficial nutrients and health benefits associated with skimmed milk, the demand for skimmed milk has increased significantly, thereby driving the market growth. 
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Skim milk is primarily used in confectionery foods in particular. Manufacturers use skimmed milk in its powdered form in baking recipes to enhance the tenderness of the food such as doughnuts, cakes, and bread. Adding skimmed milk powder to bakery and confectionery products renders the firmness thereby making them tender. It is also used while preparing chocolates, savories, baked sweets, and other confectionaries to improve flavor and water binding capacity allowing the bakery product to remain fresh longer. However, to make up for saturated fats, sugar is added to skim milk, which can lead to health issues such as diabetes and hypoglycemia.  
In addition, the dairy industry often adds dried milk powder to skim milk as protein fortification, causing the oxidization of the cholesterol in the milk. This leads to buildup of plaque in the arteries, inflammation in the body, and contribute to heart disease. These adverse effects of skim milk on human body limit the growth of the skimmed milk market. In addition, the increase in use of dairy alternative products prepared from milk, derived from various plant-based sources such as almond, soy, rice, coconut, and others also affect the growth of the skimmed milk market.  
Moreover, the skim milk costs a little higher than the regular milk, which also hampers the growth of the market in the developing regions such as China & India as it has large price sensitive middle-class population. Casein and caseinates, which is widely as food ingredients in products such as dairy desserts, milk-based beverages, sports-nutrition, confectionery, meat products, and non-dairy creamers are generally prepared from skim milk by acid precipitation. Increase in use of casein and caseinates by food industry further fuels the demand for skimmed milk. 
Key Findings of the Skimmed Milk Market: 
In 2017, Asia-Pacific accounted for the highest market share growing at a CAGR of 7.7% from 2018 to 2024. 
In 2017, confectionary application segment accounted for the highest market share and is expected to growth at the highest CAGR of 8.1%. 
Hypermarket accounted for the highest market share in 2017 and is projected to grow at the highest CAGR of 8.1%. 
In 2017, the U.S. accounted for the highest market share and is anticipated to grow at a significant CAGR of 7.3%. 
China is anticipated to grow at the highest CAGR of 10.2% from 2018 to 2024. 
In terms of value, Asia-Pacific and LAMEA collectively contributed more than half of the share in the global market in 2017. 
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Africa and Middle East Sugarcane Syrup Market Size, Share, Impressive Industry Growth, Analysis Report 2030

According to a new report published by Allied Market Research titled, Africa and Middle East Sugarcane Syrup Market by Territory: Opportunity Analysis and Industry Forecast, 20172023,” the Africa and Middle East sugarcane syrup market size was $1,864 million in 2017, and is expected to reach $2,074 million by 2023, registering a CAGR of 1.8% from 2017 to 2023. Southern Africa Development Community (SADC) dominated the Africa and Middle East sugarcane syrup market in 2017, accounting for more than half of the total revenue. 

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Global Key Players: 

  • Illovo Sugar (Pty) Ltd.,  
  • Super Syrups,  
  • Tongaat Hulett,  
  • Atlanta Sugar SA (Pty) Ltd.,  
  • Sunshine Sugar,  
  • FROZY EGYPT,  
  • Kenana Sugar Company,  
  • White Nile Sugar Company (WNSC) Co. Ltd.,  
  • GM Sugar Uganda Limited, 
  •  Kinyara Sugar Works Ltd.,  
  • Sango Bay Estates Limited.  

Sugarcane syrup, also known as cane syrup, is a thick, concentrated brown in color liquid formed by evaporating sugarcane juice while making sugar. Sugarcane syrup is extensively used as a natural sweetener by bakery, dairy, and processed food & beverage industries, and is also used to prepare medicines to improve their taste. It has high demand in households, owing to the associated health benefits such as blood purification, acidity control, and provides energy. 

Sugarcane syrup is used in the production of various bakery & confectionery products such as cookies, biscuits, and waffles, and as a flavoring agent for pancakes, bread rolls, and French toast. In addition, it finds a wide range of applications among households for making fruit toppings & concentrates, cooking, and glazing sauces. 

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Changes in consumer dynamics and rise in awareness towards health hazards associated with high sugar consumption are expected to fuel the demand for sugarcane syrup. Moreover, increase in number of food & beverages industries during the forecast period is anticipated to drive the growth of the sugarcane syrup market. However, poor transportation & distribution infrastructure for sugarcane syrup and increase in demand for alternate sweeteners hamper the growth of the market. In addition, rise in economic and ecological concerns hinder the growth of sugarcane syrup industry. On the contrary, surge in demand for organic sugarcane syrup among consumers and opportunity of productivity improvement are anticipated to create new opportunities for the market players. 

Key Findings of the Africa And Middle East Sugarcane Syrup Market : 

  • In terms of value, the Middle East region is expected to grow at a CAGR of 2.8% during the forecast period. 
  • SADC is expected to dominate the market, registering the highest CAGR of 1.3%, in terms of value. 
  • Malawi is projected to show exponential growth in demand throughout 2023, growing at a CAGR 2.8%, in terms of value. 

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Nutraceuticals Market – https://www.alliedmarketresearch.com/nutraceuticals-market 

Protein Supplement Market – https://www.alliedmarketresearch.com/protein-supplement-market 

Probiotics Market – https://www.alliedmarketresearch.com/probiotics-market 

Yogurt Market – https://www.alliedmarketresearch.com/yogurt-market 

Antioxidants Market – https://www.alliedmarketresearch.com/anti-oxidants-market 

Waste Sorting Robots Market Size, Key Players, Opportunities and Forecast by 2031

The Waste Sorting Robots Market is a dynamic and innovative sector driven by the urgent need for efficient waste management and environmental sustainability. These robots, equipped with advanced technologies such as AI, sensors, and cameras, revolutionize the way we handle waste by accurately identifying, categorizing, and sorting various materials from mixed waste streams.

The Waste Sorting Robots Market is a dynamic and innovative sector driven by the urgent need for efficient waste management and environmental sustainability. These robots, equipped with advanced technologies such as AI, sensors, and cameras, revolutionize the way we handle waste by accurately identifying, categorizing, and sorting various materials from mixed waste streams.

The global waste sorting robots market size was valued at $1.7 billion in 2021, and is projected to reach $10.1 billion by 2031, growing at a CAGR of 19.6% from 2022 to 2031.

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Top Leading Companies

ABB Ltd., AMP Robotics Corp., Waste Robotics Inc., Clean Robotics, Tomra, Machinex Industries Inc., General Kinematics Corporation, Bollegraaf Recycling Machinery, Greyparrot, Zen Robotics Oy.

The grappling with mounting environmental challenges, finding innovative solutions for waste management has become imperative. The advent of waste sorting robots has breathed new life into the way we tackle the ever-increasing problem of waste accumulation. These robots combine cutting-edge technology with environmental consciousness, offering a glimpse into a cleaner and more sustainable future.

As global populations continue to soar and urbanization accelerates, the volume of waste generated has reached unprecedented levels. Traditional waste management systems struggle to keep up with the pace of this growth, resulting in overflowing landfills, pollution, and resource depletion. In response to this crisis, the waste management industry is turning to automation and robotics for solutions that are not only efficient but also reduce human exposure to hazardous materials.

Waste sorting robots are an innovative solution that merges artificial intelligence (AI), machine learning, and robotics. These robots are designed to identify, categorize, and sort different types of waste materials from a mixed stream of refuse. By utilizing advanced sensors, cameras, and AI algorithms, these robots can distinguish between various materials like plastic, glass, paper, and metal with remarkable accuracy.

Key Benefits of Waste Sorting Robots

Enhanced Efficiency: Traditional waste sorting methods involve manual labor, which can be time-consuming and error-prone. Waste sorting robots can work tirelessly 24/7, ensuring a consistent and efficient sorting process.

Improved Safety: Manual waste sorting exposes workers to hazardous and unsanitary conditions. Robots eliminate this risk by handling potentially harmful materials, thereby protecting human health.

Higher Recycling Rates: The accuracy of waste sorting robots in differentiating materials allows for higher recycling rates. This reduces the need for raw materials, conserving natural resources and lowering energy consumption.

Data-Driven Insights: Waste sorting robots are equipped with sensors and cameras that collect valuable data on waste composition. This data can help municipalities and recycling facilities make informed decisions to optimize their waste management processes.

Scalability: As waste generation continues to increase, waste sorting robots can be easily scaled up to meet the growing demand for efficient waste management.

Rising populations and urbanization have led to an exponential increase in waste generation. Traditional waste management systems, often labor-intensive and error-prone, struggle to manage this surge effectively. Overflowing landfills, environmental pollution, and resource depletion are just a few of the consequences. Waste sorting robots have emerged as a response to these challenges, offering a dynamic and efficient approach to waste management.

Waste sorting robots combine advanced technologies to streamline the waste sorting process. Equipped with cameras, sensors, and machine learning algorithms, these robots can identify and categorize different types of waste materials with precision. From plastics and glass to paper and metals, these robots are capable of sorting various materials from mixed waste streams, contributing to higher recycling rates.

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Market Trends

The waste sorting robots market is experiencing rapid growth due to increasing environmental awareness and the drive for sustainable practices. Innovations in AI and robotics technology have led to robots that can adapt to changing waste compositions, recognize items with high precision, and work collaboratively in sorting lines.

Companies operating in this market are continually enhancing their robots’ capabilities. Some are integrating more advanced sensors for improved material identification, while others are focusing on making robots more compact and mobile, allowing them to be deployed in various waste management scenarios.

The waste sorting robots market is witnessing rapid growth due to heightened environmental consciousness and the drive for sustainable practices. Innovations in robotics and AI technology have resulted in robots with improved accuracy, adaptability to changing waste compositions, and the ability to collaborate effectively within sorting lines.

Companies are investing in enhancing the capabilities of waste sorting robots. Some are focusing on integrating advanced sensors for even more accurate material recognition, while others are developing more compact and mobile robots that can be employed in various waste management scenarios.

Challenges and Growth Prospects

Despite the numerous benefits, challenges remain in the widespread adoption of waste sorting robots. Initial costs, technological complexities, and the need for specialized maintenance can be barriers for some municipalities and waste management facilities. However, as technology advances and economies of scale are realized, these challenges are expected to diminish.

The waste sorting robots market holds immense promise. With continued research and development, these robots could become even more versatile, cost-effective, and capable of handling a broader range of waste materials. As environmental concerns become more pressing, governments, businesses, and communities are likely to invest more in innovative waste management solutions.

Waste sorting robots are emblematic of the intersection between technology and sustainability. They embody the potential to revolutionize waste management by streamlining processes, enhancing recycling rates, and reducing environmental impact. As these robots continue to evolve and find their place in waste management infrastructures worldwide, they offer a glimmer of hope for a cleaner and greener future.

Despite the numerous advantages, certain challenges hinder the widespread adoption of waste sorting robots. Initial costs, technological complexity, and maintenance requirements can pose obstacles for certain waste management facilities. However, these challenges are expected to diminish as technology matures and becomes more accessible.

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Looking forward, the waste sorting robots market holds significant promise. Continued research and development could lead to robots that are not only more efficient but also more cost-effective and capable of handling an even broader range of waste materials. As environmental concerns intensify, governments, businesses, and communities are likely to increase their investments in innovative waste management solutions.

The Waste sorting robots are at the forefront of the intersection between technology and environmental sustainability. They have the potential to redefine waste management by optimizing processes, increasing recycling rates, and lessening the ecological footprint. As these robots continue to evolve and integrate into waste management systems worldwide, they offer a beacon of hope for a cleaner, greener, and more sustainable future.

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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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