Spirulina Market Worth $629.6 Million by 2025

 

Meticulous Research® in collaboration with the European Algae Biomass Association (EABA), published a new market research report titled, “Spirulina Market by Distribution Channel (Consumer Channel, Business Channel), Product Type (Powder, Tablets, Capsules, Flakes, Phycocyanin Extract), and Application (Nutraceuticals, Food & Beverages, Agriculture, Animal Feed)- Global Forecast to 2025”. Combining Meticulous Research®’s market intelligence services with EABA’s broad expertise in the development of research, technology, and industrial capacities in the field of spirulina, the two organizations have leveraged their research capabilities to come up with the most reliable and accurate market assessments in this field.

According to the report, the global spirulina market is expected to grow at a CAGR of 9.4% from 2019 to reach $629.6 million by 2025. In terms of volume, the spirulina market is expected to grow at a CAGR of 13.6% from 2019 to reach 68,025.2 tons by 2025.

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The growth of the spirulina market is mainly attributed to growing health & wellness trends and dietary supplements industry, growing demand for natural food colors, increasing vegetarianism, and growing malnutrition. Moreover, factors such as stringent regulations regarding the inclusion of synthetic colors and flavors; increasing preference for spirulina sourced products, especially pigments and omega-3 fatty acids; growing use of spirulina in aquaculture diets; and increase in number of products that include spirulina as ingredients across the globe further support the growth of the global spirulina market.

Spirulina is very sensitive to different frameworks and its price depends on the various factors such as quantity, drying process, form, packaging, certification, origin, quality/contamination, negotiation capacity, and specific spirulina (if enriched with selenium, it is more expensive). The prices have dropped in the last few years, as the production systems have become scalable; however, production costs are still high in developed countries as compared to emerging countries due to unfavorable climatic conditions and the use of expensive production technologies.

The global spirulina market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2025-by distribution channel (consumer channel, business channel), product type (powder, tablets, capsules, flakes, and phycocyanin extract), and application (nutraceuticals, food & beverages, agriculture, animal feed, and cosmetics). The study also evaluates industry competitors and analyzes the market at a regional and country level.

The key players operating in the global spirulina market are Earthrise Nutritional, LLC (U.S.), DIC Corporation (Japan), Yunnan Green A Bio-engineering Co., Ltd (China), Algene Biotech (India), Tianjin Norland Biotech Co., Ltd. (China), Pondicherry Spirulina Farms (India), Cyanotech Corporation (U.S.), E.I.D. Parry (I) Ltd. (India), Far East Bio-Tec. Co. Ltd. (China), Fuqing King Dnarmsa Spirulina Co., Ltd. (China), Dongtai City Spirulina Bio-engineering Co., Ltd. (China), and Australian Spirulina (Australia) among others.

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Pharmaceutical Storage and Material Handling Equipment Market Worth 1,597.4 Million USD by 2023

 According to the latest publication from Meticulous Research®, the global pharmaceutical storage and material handling equipment market is expected to grow at a CAGR of 8.6% from 2018 to reach USD 1,597.4 million in 2023. The growth of this market will be driven by factors such as rapid growth of the pharmaceutical industry, increasing focus of manufacturers on reduction of production cost, government support to promote the pharmaceutical sector, growing demand of single use systems, and increasing focus towards automation in the pharmaceutical industry. However, demand for refurbished machines hamper the growth of this market. As consolidations in the pharmaceutical industry occur and more and more machines are released within companies and in the market, the ability to use available pre-owned machines is becoming more prominent. Also, many major organizations return their pharmaceutical processing machines back to the vendor for various reasons like malfunctions, speed issue etc. These returned products are tested for functionality and defects; they are hence refurbished and resold to the small setups for the manufacturing and handling of pharma products.

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Geographically, North America commanded the largest share of the global market, mainly due to its huge pharma manufacturing sector, high adoption rate of automation in the pharmaceutical industry, innovations and advancements in bulk material handling products and technologies, and implementation of some expansions and acquisitions plans by the leading pharmaceutical storage and material handling systems manufacturers to increase production capacity.

The major players operating in this market are SERVOLiFT GmbH, Mueller GmbH, Hanningfield Process Systems Ltd., GEA Group Aktiengesellschaft, AZO GmbH + Co. KG, David Round Company, Inc, FLEXICON Corporation, Spirotech-SRD Group Ltd., VAC-U-MAX, Dietrich Engineering Consultants S.A., Volkmann, Inc, Schenck Process Holding GmbH, Coperion Capital GmbH, Matcon Ltd., Gough Econ, Inc, Guttridge Limited, and Glatt GmbH.

The transport systems market dominated the global pharmaceutical storage and material handling equipment market, mainly due to the increasing use of automated and semi-automated transport systems to meet GMP standards. This market is also expected to increase significantly during the forecast period with the growing demand for smaller lot sizes; shorter lead times; and higher quality products, especially in developing countries.

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Oilfield Services Market is Expected to Grow at a CAGR of 3.6% to Reach $171.7 Billion by 2025

 

 

Traditional oilfield services (OFS) operating models are now being completely disrupted by the technological advancements with the increasing use of internal sources of funding. In recent years, these factors have given a new edge to the entire oil industry, which now competes with additional parameters than pricing. Hence, tech advancement has helped oil & gas companies in transforming their businesses from product selling to advisory selling.

According to a new market research report “Oilfield Services Market by Type (Pressure Pumping, Oil Country Tubular Goods, Well Intervention and Coiled Tubing, Drilling and Completion Fluid, Well Completion, Seismic Testing), Location (Onshore and Offshore), and Geography — Global Forecast to 2025” published by Meticulous Research®, the oilfield services market is expected to grow at a CAGR of 3.6% from 2019 to reach $171.7 billion by 2025.

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The growth of the global oilfield services market is mainly attributed to the increasing adoption of technology-driven models, rising geographically dispersed operations, and increased presence in service segments such as offshore operations. However, the price war amongst the leading oil supplying countries across the globe along with the strict government regulations on E&P activities is expected to impact the revenue of this market.

List of the Key Companies Operating in the Oilfield Services Market:

• Schlumberger Limited (U.S.)
• Baker Hughes GE (U.S.)
• Halliburton Company (U.S.)
• Weatherford International, PLC (U.S.)
• China Oilfield Services Limited (COSL) (China)
• Basic Energy Services (U.S.)
• Superior Energy Services, Inc. (U.S.)
• FMC Technologies, Inc. (U.S.)
• Welltec (Denmark)
• The Weir Group PLC (U.K.)
• National Oilwell Varco (U.S.)
• Oil States International, Inc. (U.S.)
• Archer Limited (Bermuda)

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Key questions answered in the report-

• Which are the high growth market segments in terms of service type, location, and region?
• What was the historical market for oilfield services across the globe?
• What are the market forecasts and estimates for the period 2019–2025?
• What are the major drivers, restraints, and opportunities in the global oilfield services market?
• Who are the major players in the global oilfield services market?
• How is the competitive landscape and who are the market leaders in the global oilfield services market?
• What are the recent developments in the global oilfield services market?
• What are the different strategies adopted by the major players in the global oilfield services market?
• What are the geographical trends and high growth regions?
• Who are the local emerging players in the global oilfield services market and how do they compete with the global players?

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Downstream Bio-processing Controllers Market Worth $1.92 billion by 2025

 According to a new market research report, “Downstream Bio-processing Controllers Market by Procedure (Chromatography, TFF), Product (Chromatography Controller System, TFF Controller System, Disposable Flow Path], Application (Commercial, Research), and End User– Global Forecasts to 2025”, published by Meticulous Research®, the global downstream bio-processing controllers market is expected to grow at a CAGR of 17.3% from 2019 to reach $1.92 billion by 2025.

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Downstream bio-processing is a process in biopharmaceutical manufacturing involving the recovery of pure protein such as biopharmaceuticals, vaccines, and other biologics from contaminant proteins. The purification process involves extraction, adsorption, filtration, precipitation, virus removal, and polishing of the product by chromatography of filtration to procure quality biopharmaceutical product. Owing to growing demand for biopharmaceuticals, rising adoption of single-use bio-processing equipment and consumables, and capacity expansion by biopharmaceutical manufacturers- this industry has witnessed a steady growth. For instance, according to contract pharma and BioProcess International magazine, the bioprocessing facilities and capacities are increasing rapidly worldwide. According to the estimations, the total worldwide bio-manufacturing capacity of contract manufacturing organizations was 2,062,000 litres in 2008, which increased by ~68% reaching 3,455,267 litres by 2018. In addition, with consistently growing demand for biopharmaceuticals in the U.S., the total number of biosimilars approved till June 2019 reached count of 21 as compared to 1 in 2015. Similarly, according to Personalized Medicine Coalition, globally, the number of commercially available personalized medicines in the market has increased from 5 in 2008 to 148 in number in 2017.

The global downstream bio-processing controllers market study presents historical market data in terms of value and volume (2017 and 2018), estimated current data (2019), and forecasts for 2025-by procedure (chromatography, TFF), product [chromatography controller system, chromatography disposable flow path, TFF controller system, and TFF disposable flow path], application (commercial, research), end user (pharmaceutical & biotechnology companies, contract manufacturing organizations, and academic & research institutes), and geography. The study also evaluates industry competitors and analyzes the market at regional and country level.

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Based on procedure, the tangential flow filtration (TFF) procedure segment is estimated to account for the largest share of the overall downstream bio-processing controllers market in 2019. The large share of this segment is mainly attributed to higher adoption of TFF procedures to obtain pure biopharmaceutical products without affecting the quality.

Based on product type, Tangential Flow Filtration (TFF) products (including TFF Controller System and TFF disposable flow path) accounted for the largest share of the overall downstream bio-processing controllers market in 2018. The large share of this segment is mainly attributed to rising adoption of TFF procedures with single use technology to purify protein products with reduced capital investment and time. On the other hand, chromatography products (chromatography controller system and chromatography disposable flow path) are slated to grow at the fastest CAGR during the forecast period due to higher preference for chromatography procedures in small and medium scale bio-production industries.

Based on application, commercial bioprocessing segment is estimated to account for the largest share of the overall downstream bio-processing controllers market in 2019 and is also slated to grow at the fastest CAGR during the forecast period. The major share of this segment is primarily attributed to growing demand for biopharmaceuticals and on-going as well as future capacity expansions from various biopharmaceutical manufacturers.

Based on end user, pharmaceutical & biotechnology companies segment is estimated to account for the largest share of the overall downstream bio-processing controllers market in 2019. The major share of this segment is primarily attributed to high requirement of bio-processing equipment and consumables and greater purchasing power of pharmaceutical and biotechnology companies as compared to the other end users. On the other hand, contract development and manufacturing organizations segment is slated to grow at the fastest CAGR, mainly attributed to growing trend towards outsourcing of biologics manufacturing and favorable regulatory reforms for CDMOs.

The report includes extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016–2019). The downstream bio-processing controllers market has witnessed number of partnerships, agreements, and collaborations in recent years. For instance, in November 2018, GE Healthcare collaborated with Wego Pharmaceutical Co. Ltd (China) for the manufacturing of single-use consumable products for bioprocessing in China. Similarly, in March 2019, Pall Corporation (a subsidiary of Danaher) signed an agreement with ARTeSYN Biosolutions (Ireland) to expedite the implementation of robust and standardized single-use fluid management and control systems.

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Agricultural Fumigants Market Worth $1.9 Billion by 2025

 According to a new market research report “Agricultural Fumigants Market by Type (Phosphine, Chloropicrin, Telone, Metam Sodium), Application (Warehouse, Soil), Form (Liquid, Solid), Pest Control Method (Tarpaulin Fumigation, Structural Fumigation (Tent)), and Crop Type — Global Forecast to 2025”, published by Meticulous Research®, the global agricultural fumigants market is expected to grow at a CAGR of 4.6% from 2019 to reach $1.9 billion by 2025.

In order to fulfill the food demand of growing population, advanced productive agricultural materials are required. Over the last several decades, there have been tremendous efforts followed to improve agricultural yields through adoption of new technologies and use of crop protection products. The crop protection products including phosphine, chloropicrin, 1,3-dichloropropene, and metam sodium, among others are used to suppress, control or repel pests attacking on seeds, seedling, plants, and stored agriculture commodities. The innovation and adoption of the advanced fumigators and safety measures have boosted the application of fumigants in soil and in closed structure, ultimately driving the demand of fumigants across the globe.

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Geographically, the global agricultural fumigants market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The North America is estimated to command the largest share of the global agricultural fumigants market in 2019, mainly due to rising reduction in arable land, adoption of improved agriculture practices, presence of key crop protection chemical manufacturers, increasing need for sustainable agriculture, higher efficiency of fumigants in terms of application, and increasing adoption of fumigants in the food stock warehouses.

Scope of the report:

Agricultural Fumigants Market by Type

• Phosphine
• Chloropicrin
• 1,3-Dichloropropene
• Metam Sodium
• Others

Agricultural Fumigants Market by Application

• Warehouse
• Soil

Agricultural Fumigants Market by Form

• Liquid
• Solid
• Gaseous

Agricultural Fumigants Market by Crop Type

• Grains and Cereals
• Oilseeds and Pulses
• Fruits & Vegetables
• Turf & Ornaments
• Others

Agricultural Fumigants Market by Pest Control Method

• Tarpaulin Fumigation
• Structural Fumigation (Tent)
• Vacuum Chamber Fumigation
• Others

Agriculture Fumigants Market by Geography

• North America
• U.S.
• Canada
• Mexico
• 
  
• Europe
• Spain
• France
• Italy
• Germany
• U.K.
• Rest of Europe (RoE)
• 
  
• Asia-Pacific (APAC)
• China
• India
• Japan
• Australia
• Rest of Asia-Pacific (RoAPAC)
• 
  
• Rest of World
• Latin America
• Brazil
• Argentina
• Chile
• Rest of Latin America (RoLATAM)
• 
  
• Middle East and Africa
• 
  

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The key players operating in the global agricultural fumigants market are Dow Chemical Company (U.S.), Syngenta International AG (Switzerland), Nufarm Limited (Australia), AMVAC Chemical Corporation (U.S.), ADAMA Agricultural Solutions Ltd. (Israel), BASF SE (Germany), UPL Limited (India), Marrone Bio Innovations, Inc. (U.S.), Isagro S.p.A. (Italy), Arkema Group (France), Solvay group (Belgium), Eastman Chemical Company (U.S.), DEGESCH America, Inc. (U.S.), Reddick Fumigants, LLC (U.S.), and Vietnam Fumigation J.S Company (Vietnam).

Browse key industry insights spread across 212 pages with 157 market data tables & 47 figures & charts from the report: https://www.meticulousresearch.com/product/agricultural-fumigants-market/

Non-Invasive Prenatal Testing (NIPT) Market Worth $13.14 Billion by 2027, Growing at a CAGR of 17.1% from 2019

 

 

The non-invasive prenatal testing market is expected to grow at a CAGR of 17.1% from 2019 to 2027 to reach $13.14 billion by 2027.

With the emergence of innovative diagnostic and screening techniques, several methods of genetic testing are gaining popularity. These include carrier testing, preimplantation genetic diagnosis / screening (PGD / PGS), non-invasive prenatal testing (NIPT), paternity testing, and newborn screening. Technological advancements in the healthcare industry such as wearable healthcare devices, sequencing technologies, regenerative medicine, and genomic technologies, supported by breakthroughs in the field of genome sequencing and molecular research have opened new and promising pathways to combat genetic diseases and reduce the overall global economic burden.

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Among the innumerable advancements witnessed by the industry, non-invasive prenatal testing stands as one of the most distinctive technologies in curbing the concerns related to genetic diseases. NIPT a novel genetic screening method based on the analysis of cell-free fetal deoxyribose nucleic acid (cff-DNA) in the maternal plasma is considered as a valuable test for pregnant women, which provides early diagnosis of genetic disorders in fetus.

Further, advancements in genome sequencing technologies have reduced the turnaround time and lowered complexities associated with diagnosis. NGS technology provides several avenues to develop non-invasive diagnostic procedures for an early and accurate detection of various genetic disorders. This is driving several companies to invest in research and development of NGS-based NIPT products and develop innovative solutions for the market. For instance, in January 2019, Yourgene Health plc (U.K.) launched the Sage 32 plex test which uses Thermo Fisher’s Ion Torrent sequencing technology to detect placental cff-DNA in a maternal blood sample. Similarly, in September 2018, Yourgene Health formerly known as Premaitha Health plc. (U.K.) partnered with Illumina Inc. (U.S.) to use the Illumina’s sequencing technology for the NIPT test developed by Premaitha.

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Geographically, the global non-invasive prenatal testing market is segmented into five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa with a further analysis of major countries in each region. North America commanded the largest share of the global non-invasive prenatal testing market in 2019, followed by Europe and Asia-Pacific region. The major share of the North American region is mainly attributed to the high diagnostic and treatment rate of trisomy disorders in the region, high awareness for prenatal testing, and presence of laboratories offering NIPT services in the region.

Some of the key players operating in the global non-invasive prenatal testing market are Illumina, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), GE Healthcare (U.S.), PerkinElmer Inc. (U.S.), Beijing Genomics Institute (BGI) (China), Eurofins LifeCodexx (Germany), Natera, Inc. (U.S.), Igenomix S.L (Spain), Laboratory Corporation of America Holdings (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), and Yourgene Health plc (U.K.).

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The growth in the overall NIPT market is majorly driven by factors like shifting trend towards childbirth at an advanced maternal age, increasing prevalence of chromosomal abnormalities, availability of reimbursement for NIPT, and development of advanced technologies for non-invasive parenteral testing. However, the high cost of the non-invasive prenatal screening techniques hinders the growth of this market.

European Fragrances Microencapsulation Market for Home and Personal Care Products to Reach $203.4 Million by 2027

 According to a new market research report titled “European Fragrances Microencapsulation Market for Home and Personal Care Products by Technology/Method [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical]; Application (Home Care and Personal Care); and Country -Forecast to 2027” published by Meticulous Research®, the European fragrances microencapsulation market for home and personal care products is expected to grow at a CAGR of 2.9% from 2020 to 2027 to reach $203.4 million by 2027.

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Microencapsulation is a complex technique that involves the creation of shells, whether natural or synthetic, where particles of active ingredients and fragrances are stored and remain protected from the environment. Many home and personal care products contain active substances that require encapsulation for increased stability. Microencapsulation acts as an important home and personal care industry tool, enabling protection and controlled release of several active agents, like fragrances.

The growth of the European fragrances microencapsulation market for home and personal care products is mainly attributed to the strong growth in the cosmetics industry; increasing demand for home care products; growing demand for microencapsulated fragrances due to their wide applications across the home and personal care industries; and rising R&D investments for improving process efficiency. Technological advancements and emerging plastic-free encapsulation technologies provide significant opportunities for manufacturers in the European fragrances microencapsulation market. However, the high production costs of some microencapsulation processes and stringent regulatory requirements are expected to restrain the future growth of this market to some extent.

The European fragrances microencapsulation market for home and personal care products study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027 — by technology/method [physico-mechanical methods (spray drying, fluidized bed spray coating, coextrusion, spray chilling or congealing, other physico-mechanical methods); physico-chemical methods (coacervation or phase separation methods and other physico-chemical methods); chemical methods (in-situ polymerization and interfacial polymerization); and other microencapsulation methods]; application [personal care (skincare products, haircare products, deodorants and perfumes, other personal care products); home care (laundry detergents and fabric conditioners, house cleaning agents, other home care products); and geography. The study also evaluates industry competitors and analyzes the market at country levels.

This research report analyzes major European countries and provides a comprehensive analysis for Germany, France, the U.K., Italy, Spain, and other European countries. Germany is estimated to hold the largest share of the European fragrances microencapsulation market for home and personal care products in 2020, followed by France and the U.K. Also, the Germany is witnessing the rapid growth during the forecast period, owing to the increasing innovation in its personal care and cosmetics industry and strong growth in the home & personal care industry

The report includes an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years (2016–2020). The European fragrances microencapsulation market for home and personal care products has witnessed several mergers and acquisitions, expansions, partnerships, agreements, and collaborations in recent years. The key players operating in the European fragrances microencapsulation market for home and personal care products are Givaudan S.A. (Switzerland), International Flavors & Fragrances, Inc.(U.S.), Calyxia S.A. (France), Follmann GmbH & Co. KG (Germany), Firmenich Incorporated (Switzerland), Symrise AG (Germany), Ingredion Incorporated (U.S.), MikroCaps d.o.o (Slovenia), Koehler Innovative Solutions (Germany), Ashland Global Holdings Inc. (U.S.), Robertet Group (France), Vantage Specialty Chemicals (U.S.), Euracli (France), Capsulæ SAS (France), Robert Blondel Cosmetiques (France), Lambson Ltd. (U.K.), and Micropore Technologies Limited (U.K.), among others.

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Dunaliella Salina Market Worth $122.09 million by 2028

 According to a new market research report titled, “Dunaliella Salina Market by End User (Extraction Companies, Food & Beverage Companies, Feed Companies, Nutraceutical & Health Supplement Companies, Pharmaceutical Companies, Cosmetics Companies) and Geography — Global Forecast to 2028,” published by Meticulous Research®, the Dunaliella salina market is expected to grow at a CAGR of 4% from 2021 to 2028 to reach $122.9 million by 2028. Also, in terms of volume, the Dunaliella salina market is expected to grow at a CAGR of 3.7% from 2021 to 2028 to reach 1,691.6 tons by 2028. The growth of this market is mainly attributed to the increasing demand for natural-source beta carotene, the rising need for natural colorants, and the increasing use of Dunaliella salina in the cosmetics industry. Moreover, increasing demand for clean-label products further supports the growth of this market. However, complexities involved in the production of Dunaliella salina are expected to hinder the growth of this market.

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The Dunaliella salina market studied in this report is majorly segmented by end user (extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies) and geography. The study also evaluates industry competitors and analyses the market at a country level.

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Based on end user, the Dunaliella salina market is mainly segmented into extraction companies, food & beverage companies, feed companies, nutraceutical & health supplement companies, pharmaceutical companies, and cosmetics companies. In 2021, the extraction companies segment is estimated to account for the largest share of the overall Dunaliella salina market. Moreover, this segment is expected to record the highest CAGR during the forecast period due to the growing demand for carotenoids, including beta carotene, alpha-carotene, zeaxanthin, lutein, and cryptoxanthin in the manufacture of food & beverage, cosmetics, animal feed, dietary supplements, and other products.

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Coleus and Turmeric Market to Reach $6.9 Billion by 2027

 

Coleus and Turmeric Market to Reach $6.9 Billion by 2027

According to a new market research report titled, “Coleus and Turmeric Market by Product (Coleus, Turmeric Powder, Curcumin, Branded Turmeric), Application (Food and Beverages, Pharmaceutical & Health Supplements, Cosmetics, Other Applications), and Geography — Global Forecast to 2027”, the coleus and turmeric market is expected to reach $6.9 billion by 2027, at a CAGR of 7.4% during the forecast period.

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Coleus forskohlii is a popular traditional medicine for treating various diseases and disorders. Forskolin is extracted from the roots of the Coleus forskohlii. As an herbal compound, forskolin is used to treat various health complications, such as obesity, respiratory disorders, insomnia, and digestive disorders, among others.

Turmeric, also known as Curcuma longa, is a type of spice widely cultivated in Southern Asia. It is a key source of curcumin, volatile oil, and curcuminoids. It possesses several medicinal features as well as anti-inflammatory, antioxidant, and anti-tumor characteristics.

The coleus and turmeric market is segmented based on product type, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

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Scope of the Report

Coleus and Turmeric Market, by Product

• Coleus Forskohlii Extract
• Turmeric Powder
• Turmeric Extract (Curcumin)
• Branded Turmeric

Coleus and Turmeric Market, by Application

• Food and Beverages
• Pharmaceutical and Health Supplements
• Cosmetics
• Other Applications

Coleus and Turmeric Market, by Geography

• North America
• U.S.
• Canada
• 
  
• Europe
• U.K.
• Germany
• Netherlands
• France
• Spain
• RoE (Rest of Europe)
• 
  
• Asia-Pacific
• India
• China
• Japan
• Australia
• RoAPAC (Rest of Asia-Pacific)
• 
  
• Latin America
• Middle East & Africa

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The Impact of COVID-19 on the Coleus and Turmeric Market

The COVID-19 disease caused by the novel coronavirus SARS-nCoV-2 has created a severe public health emergency globally, with its quick spread in more than 215 countries. To combat & control the spread of this disease, many countries worldwide have declared emergencies and announced complete nationwide, statewide, or citywide lockdown, putting off all the travel, transport, manufacturing, educational institutions, and non-essential trade. This has had a significant impact on many industries globally, hitting hard in terms of reduced manufacturing and distributions across the globe.

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Application Security Market: growing at a CAGR of 7.6% to Reach 5.5 Billion by 2028

 Application security has recently received significant attention from the retail, BFSI, healthcare, IT & telecom sectors due to the considerable benefits offered by the technology, including high performance, reliability, scalability, comprehensive vulnerability coverage, reduced cost of risk, false-positive reduction, and secure real-time applications. Meticulous Research®, in its latest publication on the application security market, states that the global application security market will grow at a CAGR of 7.6% from 2021 to 2028 to reach $5.5 billion by 2028.

This market’s growth is supported by the need for application security in the banking sector, rising security breaches targeting business applications, favorable government regulations, and growing demand for mobile app security services. However, the high dependency on vulnerable open source applications and global economic downturn due to the COVID-19 pandemic considerably obstructed the growth rate of the application security market.

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However, Asia-Pacific is projected to grow at the fastest CAGR during the forecast period. The high market growth rate in the region is attributed to the growing importance of web security & privacy concerns, developing internet & mobile infrastructure, and the growing threat of cyberattacks.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market, including Synopsys, Inc. (U.S.), Acunetix (Malta), Micro Focus International plc. (U.K.), F5 Networks, Inc. (U.S.), Veracode, Inc. (U.S.), IBM Corporation (U.S.), Snyk Limited (U.K.), Rapid7, Inc. (U.S.), NowSecure (U.S.), Qualys, Inc. (U.S.), Fortinet, Inc. (U.S.), Checkmarx Ltd. (Israel), Imperva, Inc. (U.S.), Data Theorem, Inc. (U.S.), NTT Security AppSec Solutions Inc. (U.S.), Lookout, Inc. (U.S.), VMware, Inc. (U.S.), and Pradeo (France).

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European Electric Vehicle Charging Stations Market: Reach a Value of $61.73 Billion at a CAGR of 34.7% by 2029

 Electric vehicle charging stations are sites where one or more EVSEs are installed. These sites can be residential or commercial. Electric vehicle charging stations supply energy to EVs either through special electrical conductors that conform to electric charging connector standards or through inductive power transfer technology to recharge plug-in electric vehicles, including electric cars, electric buses, and special-purpose electric vehicles. In its latest publication on the European electric vehicle charging stations market, Meticulous Research states that the market is projected to reach a value of $61.73 billion by 2029 at a CAGR of 34.7% during the forecast period 2022–2029. By volume, this market is expected to reach 6,458.8 thousand units by 2029 at a CAGR of 37.8% during the forecast period 2022–2029.

The growth of this market is driven by increasing government initiatives to promote the adoption of EVs and develop the associated infrastructure, the rising demand for EV fast-charging infrastructure, and the increasing prevalence of range anxiety among EV users. France, Germany, the Netherlands, Norway, and the U.K. are Europe’s top five leading countries in terms of EV adoption and the number of EV charging points. Increasing R&D in V2G technology and the growing deployment of charging stations by retail MNCs are expected to create growth opportunities for the players operating in this market.

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Geographically, Germany is expected to account for the largest share of the European electric vehicle charging stations market both by value and volume in 2022. The large share of this market is mainly attributed to rising government investments for purchasing electric buses, the rapid development of charging infrastructure, and incentives for purchasing electric vehicles. For instance, as of 2021, there are ~35,000 charging points available for EV users in Germany that seek public loading facilities in addition to workplace or residential EV charging stations (Source: BCG). Germany is considered one of the countries that have boosted the adoption of EVs globally. As per the 2030 Climate Action Programme launched in October 2019, the German government planned to have up to 10 million EVs and 1 million EV charging stations on German roads by 2030. According to Germany’s Federal Ministry of Economics and Energy, as of 2020, nearly 18,385 charging stations were open for public use in Germany. According to the German government’s ‘Master Plan for Charging Infrastructure,’ an additional 50,000 public charging points are to be built over the next two years, with a long-term goal of 1 million by 2030.

The U.K. is expected to account for the second-largest share of the European electric vehicle charging stations market by value. The growth of this market is mainly driven by growing government investments and incentives for the development of charging infrastructure in the country, the growing incorporation of electric buses in public transport fleets, and focused government efforts to make central London and town centers across the U.K. zero-emission zones by 2025.

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Smart Manufacturing Market: Growing at a CAGR of 21.5% to Reach $446.24 Billion by 2029

 Smart manufacturing is a technology-driven approach that utilizes interconnected machines to monitor the production process. It combines advanced technologies, such as artificial intelligence, robotics, IoT devices, and digital twins that optimize manufacturing procedures through automation for minimizing costs and maximizing productivity. The deployments involve embedding sensors in manufacturing machines to enable data collection, self-monitoring, and predictive maintenance to track the status and performance of the manufacturing process, which benefits manufacturers by making the production process efficient, transparent, and flexible.

Meticulous Research®, in its latest publication on the smart manufacturing market, states that the smart manufacturing market will grow at a CAGR of 21.5% from 2022–2029 to reach $446.24 billion by 2029.

The growth of this market is attributed to factors such as the increasing number of government initiatives to promote industrial automation, the rising number of investments in Industry 4.0, growing demand for safety regulation compliance, and high labor costs in developed economies.

In addition, the advent of 5G connectivity in smart manufacturing and the proliferation of smart manufacturing in developing countries are expected to offer lucrative growth opportunities for the growth of this market. However, the high capital and operating expenses and a lack of standardization for technology platforms are expected to restrain the growth of this market to a certain extent.

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Geographic Review:

Based on geography, the smart manufacturing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the smart manufacturing market. This region is also slated to register the highest growth rate during the forecast period. The high market growth in Asia-Pacific is driven by the increasing deployment of automation across manufacturing units, the rising number of government initiatives for the adoption of industrial robots, the advent of Industry 4.0, and the presence of prominent key players in the region.

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players operating in this market, such as Amazon Web Services, Inc. (U.S.), Robert Bosch Manufacturing Solutions GmbH (Germany), Cisco Systems, Inc. (U.S.), 3D Systems Corporation (U.S.), Plex Systems, Inc. (U.S.), Cognex Corporation (U.S.), PTC Inc. (U.S.), FANUC CORPORATION (Japan), SAP SE (Germany), Mitsubishi Electric Automation, Inc. (U.S.), Emerson Electric Co. (U.S.), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd (Switzerland), Hitachi, Ltd. (Japan), and Intel Corporation (U.S.).

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Mealworms Market: Reach $1.27 Billion by 2030 at a CAGR of 25.8%

 The mealworm farming business is impactful at its root. It lessens the burden on the environment by reducing GHG emissions and water, land, and feed usage. The environmental impact of food production is increasingly brought to the forefront of sustainability debates, particularly surrounding the reduction of CO2 emission and other factors, such as water and land use. By 2025, it is estimated that at least 1.8 million people will be living in regions with inadequate freshwater supplies, and two-thirds of the global population will be in areas under pressure from falling water sources (Source: FAO). The rising demand for meat is expected to pressure natural areas to be converted to farmlands. Globally, twice as much land is used for rearing livestock than growing crops. Moreover, a third of those crops harvested are fed to livestock.

Mealworms can play an important role in global ecosystems and provide services necessary for human survival. The energy required to produce 1 kg of mealworm protein is lower than beef and pork and slightly higher than chicken and milk (Source: FAO). Insects produce substantially less ammonia and greenhouse gases than cattle and pigs; for instance, pigs produce 10–100 times more greenhouse gas emissions per kg of weight than mealworms. Thus, the land and water usage of rearing insects are extremely low compared to that of cattle and pigs.

Moreover, GHG emissions due to mealworm production were much lower than other animals. For every one hectare of land required to produce mealworm protein, 2.5 hectares would be required to produce a similar quantity of milk protein, 2–3.5 hectares would be required to produce a similar quantity of pork or chicken protein, and 10 hectares would be required to produce a similar quantity of beef protein. Therefore, mealworms are a more environmentally friendly source of protein than animal-derived proteins.

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Some of the key players operating in the mealworms market are Protix B.V. (Netherlands), Ÿnsect SAS (France), BETA HATCH (U.S.), Armstrong Crickets Georgia (U.S.), TEBRIO (Formerly MealFood Europe SL) (Spain), Tebrito AB (Sweden), Entec Nutrition (U.K.), Invertapro AS (Norway), Keil Co., Ltd (South Korea), EntoBreed Farming BV (Netherlands), and Goterra (Australia).

Based on application, in 2022, the animal feed segment is estimated to account for the largest share of the mealworms market. The growth of this segment is driven by the wide availability of mealworm products for use in animal feed, growing usage of mealworm-based products by feed manufacturers, and the high nutritional value of mealworms in animal nutrition. Mealworms are rich in amino acids, minerals, fats, vitamins, and energy. They have the potential to be a valuable feed source for poultry, aquaculture, and pets.

Based on end use, in 2022, the animal nutrition segment is estimated to account for the largest share of the mealworms market. The growth of this segment is driven by factors such as the increasing animal population, rapidly growing pet expenditure, increasing customer willingness to provide high-quality food to their pets, lower price of insect-based feed compared to other types of animal feed, and the growing demand for insect protein in the pet food industry.

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