Global Market Insights, Inc.

Tuesday, 4 September 2018

Palm Kernel Oil Market with Segmentation, Statistical Forecast and Competitive Analysis Report to 2024

Global Palm Kernel Oil Market size is anticipated to witness decent growth in the forecast period. It is majorly consumed in end-use industries such as food & beverages, personal care, and cosmetics.

Palm kernel oil is derived from the kernel of Elaeis guineensis. Crude palm oil is obtained from the mesocarp of the palm crop and then palm kernel oil from the kernel. It is a semi-solid saturated vegetable fat at room temperature and is widely consumed in commercial cooking as it is more affordable than other oils. It is stable at elevated cooking temperature and has longer shelf life than many other vegetable oils.

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The product is majorly used in preparing chocolate, ice-cream, butter, ghee and other dairy products. Global food & beverage industry is likely to register significant growth in next five years owing to changing food habits and increasing number of households. This would increase consumption of the oil in cooking and will boost palm kernel oil market during the forecast period.

Palm kernel oil is highly saturated in nature than palm oil and is therefore used in the manufacturing of milk lotion, cream, soap and other cosmetics products. Increasing awareness regarding harmful nature of chemicals used in cosmetics and their side effects is promoting usage of palm kernel oil in these products. Further, consumer’s inclination towards naturally derived personal care and cosmetics products is strengthening consumption of this oil in the cosmetics production. Rising number of showrooms and retail stores, coupled with upsurge in salons, spas, beauty product stores, and departmental stores is likely to uplift demand of personal care and cosmetics products. Growth of cosmetic industry owing to improved living standard of people is anticipated to expand the palm kernel oil market in near future.

Palm kernel oil is also extensively consumed in lubricant and biodiesel applications. One such application includes formulation of biodiesel by using sodium hydroxide pellets and methanol along with palm kernel oil in trans-esterification reaction. When 0.7g sodium hydroxide and 37g methanol is trans-esterified with 187g palm kernel oil, it results in conversion of 90.53% palm kernel oil feedstock and 15.2g glycerol. Biodiesel helps in reducing greenhouse gas emission by 58 to 85%. Escalating biodiesel usage in vehicles due to its affordability and environment friendly nature as compared to other fuels is likely to propel palm kernel oil market between 2017 and 2024.

Based upon applications, palm kernel oil market is segmented as cooking oil, preparation of dairy products, soap, milk lotion, and biodiesel. Various end-user industries dealing with these applications are cosmetics, food & beverages, personal care, and oil & energy.

U.S. food industry is forecasted to grow at a decent CAGR till 2024 owing to increased consumption of packaged food and beverage products. This makes North America a significant contributor in palm kernel oil market as it is used as a cooking oil in food preparation. Asia Pacific is likely to register healthy growth during the forecast period due to its developing cosmetics and personal care industry. Emerging economies like India have witnessed increased purchasing power of people along with improved living standard and this has contributed to a healthy cosmetic industry in the region.

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Europe is recognized globally in vehicle production and hubs major giants such as Volkswagen, BMW, and Mercedes-Benz. Along with automobile manufacturing, it is indulged in research of alternate fuels for the vehicles and has evolved with biodiesel technology. Escalating consumption of biodiesel in Germany, Spain and other countries has led to an upsurge in palm kernel oil market in Europe.

Prominent manufacturers in the market include Alami Group, Musim Mas Group, Kulim Bhd, London Sumatra, IOI Corp, PT Astra Agro Lestari Tbk, Godrej Agrovet Limited, Golden Agri Resources Limited, Sime Darby, Wilmar International Limited, United Palm Oil Industry Public Company Limited and Cargill Inc.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Frozen And Freeze-Dried Pet Food Market Revenue, Opportunity, Segment and Key Trends 2017-2024

Frozen And Freeze-Dried Pet Food Market size is estimated to grow at a significant pace in the forecast timeframe. As the trend of humanization of pets is gaining importance, the product market is likely to flourish in the coming years. The niche market segment is expected to expand at a considerable rate.

The product has longer shelf life without the loss of essential nutrients. Advertisements and increasing endorsements has fueled the growth of the market. Pet health awareness has significantly increased over the past few years.

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Increasing per capita income of the people will propel the product market. People have become conscious about the composition of their pet’s food. To provide healthy and nutritious food to the pets, the pet food industry will experience a noticeable change. The health concerns related to animals have also geared up the market for freeze-dried and frozen pet food. Pet food manufacturers have come up with innovative ideas to captivate the product market. The increasing nuclear families have also driven the demand of the product. The freeze-dried pet food is relatively costlier than its counterparts which can impede the growth of the market.

In freeze drying process, the meat is frozen and cut into pieces. Then it is tempered to allow it to be shaped or diced to the desired form and put into the blast freezer for deep freezing. It is then rolled into freeze drying chambers for about 12 hours. The trays are then rolled out and packed. This process has proved to be lucrative for many pet food manufacturers and the high sales have been recorded which will impel the manufacturers to adopt the technology. Freeze drying included single meats for processing, but the trend of blend of meats has emerged in the past few years. The blend of meats is processed into freeze-dried cubes that are added to dry kibble.

Freeze-dried and frozen pet food has also been popularized by the online stores which will propel the market to grow over the anticipated timespan. The trend of freeze-dried pet food is steadily increasing within the natural pet food. Although, the market for freeze-dried food is relatively less diverse, it is likely to grow at a decent pace.

The product market can be segmented on the basis of animal content, pet type, distribution channel and region. Based on animal content, the market can be segmented into chicken, duck, fish, cattle, pig and others such as turkey. Based on pet type, the product market can be bifurcated into dog and cat. Dog food dominates the product market and is expected to grow at a significant rate. Based on distribution channel, the product market can be divided into supermarkets, specialized pet shops, online stores and retail stores. To meet the increasing demand of the product, supermarkets and online stores have been popularized, Specialized pet shops have gained preference by high profile customers due to the availability of several brands.

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Based on region, the market can be segmented into North America, Europe, Latin America, Asia Pacific and Middle East & Africa. U.S. held the major chunk of the product market owing to the increased ownership of pets. Europe is the next in queue and has captured the product market due to increased adoption of pets.

Some of the major companies involved in manufacturing of freeze-dried and frozen pet food are Primal Pet Foods, Steve’s Real Food, Stella & Chewy's, LLC, Bravo, LLC, Vital Essentials, Champion Petfoods, Fresh Is Best, Stewart Brand Dog Food, Carnivora, K9 Natural, Canature Processing Ltd., Wisconsin Freeze Dried, etc.

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Gourmet Seaweed Seasoning Market Revenue, Opportunity, Segment and Key Trends 2017-2024

Global Gourmet Seaweed Seasoning Market size is anticipated to register healthy growth between 2017 and 2024. Growth of the market is attributed to product’s multiple benefits as an antioxidant and nutritional herb.

Seasoning of gourmet cuisine is carried out to enrich it with fragrance and flavor. This cuisine has become a status symbol and seasoning gives a mouthwatering appearance to the food. Seaweed seasoning possesses antioxidant property that protects food from microbial and chemical reactions and acts as a food preservative. Further, increasing demand for western cuisines including French and Italian along with changing consumer food habits will lead to increased consumption of seaweed seasoning. Global organic food & beverage industry is projected to grow at a healthy rate. Positive impact of this industry is likely to boost gourmet seaweed seasoning market in the forecast timeframe.

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Seaweed seasoning provides beneficial nutritional value. Additionally, rising consumer awareness pertaining to medicinal benefits of different spices such as turmeric, cinnamon, and cloves has resulted in increased consumption of seaweed seasoning. Seaweed seasonings are used to cure diseases such as cough, fever and fungal infections and work faster as compared to other antibiotics. Increasing rate of viral infections, cold and fever owing to fluctuating climatic conditions, changing lifestyles and unhygienic food habits has propelled gourmet seaweed seasoning market for its medicinal properties.

The compound is also used in preparation of sea salt as its blend is delicious, high in nutrition and iodine content. Different types of wildcrafted sea and organic vegetables are added in gourmet seaweed seasoning for unique and savory flavor. Further, this gourmet seaweed seasoning adds flavor along with nutritional benefits to any dish. These multiple benefits of the product and increasing usage of sea salt in food products offer a promising growth to gourmet seaweed seasoning market during the forecast period.

However, certain factors such as indefinite climatic conditions of various countries producing spices and their unorganized logistics can hamper gourmet seaweed seasoning market in near future. Another factor that may impact the consumption is stringent government regulations that govern import & export of spices. But, market is witnessing a boosting demand of organic seaweed seasoning that gives potential growth opportunity in next seven years.

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Various product types in which gourmet seaweed seasoning is available are spices, herb, pepper, and salt. This salt is preferred more than normal salt as it possesses balanced iodine content. The market is segmented based on type of pigmentation used in the product such as green (chlorophyceae), red (rhodophyceae) and brown (phaeophyceae). The products are distributed in the market through different distribution channels that include small retailers, online shops, hypermarket, supermarket and others.

Asia Pacific had registered a significant growth in global gourmet seaweed seasoning market in the last five years. In India spices are grown traditionally and are used to cure various diseases. These spices are a form of gourmet seaweed seasoning and are also used in Ayurveda and many food products. Western Europe is contributing substantially in the market as French and Italian cuisines use this seasoning on a wide scale. Pepper and salt are used in these cuisines to add flavor and fragrance to food dishes. North America is a hub for many pharmaceutical companies such as Pfizer, Novartis, Johnson & Johnson, Roche, Actavis, and Sanofi. These companies use the compound in their drugs formulation for its medicinal properties. Thus, the region is anticipated to provide a booming platform to gourmet seaweed seasoning market till 2024. Middle East & Africa is at a nascent stage in the global market but will depict a positive scenario in near future.

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Key industry players in the market include Isokoma Nori Co., Ltd, Atlantic Seaweeds Ltd, Bragg Live Foods, Inc, Mishima Foods U.S.A., Inc, Nori Komi Furikake, FlaVit Foods, Mara seaweed, Celtin Sea Salt, Azure Standard and LuckyVitamin Corporation.

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Low-Calorie Food Market Revenue, Opportunity, Segment and Key Trends 2017-2024

Low Calorie Food Market size is projected to witness extensive growth owning to changing lifestyle and rising health awareness. Increasing diabetes, stress, obesity issues and cardiovascular diseases have triggered demand for less fat content products which is expected to propel low calorie food market size. Consumers are aware of health risks associated with consumption of sugary diets and drinks that have high-fat content. Thereby, escalating demand for products which are promoting physical health with added nutritional benefits.

Growing retail sector coupled with rising disposable income of customers is projected to have positive impact on low calorie food market. Additionally, emergence of various industries including, functional diets, dietary supplements and cereal bars over past decades have increased the demand for product among city dwellers. This is due to busy lifestyle and absence of physical activity.

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Escalating demand for sugar substitutes coupled with increasing aging population worldwide is likely to increase product penetration. The product includes vitamins, trace elements, iron, fiber, magnesium, minerals, protein and fatty acids. Carbohydrates may be absent from the diet or substituted by proteins which include oats, black rice, broccoli, watermelon, apple, carrot, lemon, orange, pine, apple, legumes, cauliflower and green smoothies.

The major restraints for low calorie food market are weak production line & distribution chains and higher price of product relative to other convenience eatables. Therefore, major players are restricted to develop economies of scale as the costlier diets cannot be afforded by many consumers worldwide. Further, ready to eat processed diet products and artificial sweeteners are known to cause potential health hazards which are anticipated to restrain low calorie food market.

The product is available in five types named, stevia, saccharin, aspartame, sucralose and cyclamate. Sucralose is projected to outperform all other segments in terms of growth rate owning to its wide application in broad range of low calorie food which include table top sweeteners, chewing gum, salad dressings, fizzy drinks, breakfast cereals and baking mixes. This is because most of the sucralose is rejected by our body and the rest is drained through urine. Additionally, after exhaustive research and studies, the European Union’s Scientific Committee on Food (SCF) has stated sucralose to be entirely safe for health.

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The product is further classified based on substitutes which include sugar, nutrient and sugar alcohol. Sugar substitute will witness significant growth owning to the rise in confectionery and beverage industry. It is used in baked, healthcare & dairy products, snacks and dietary beverages. Dairy product is the fastest growing segment due to health benefits it offers.

Asia Pacific region is projected to witness significant growth for low calorie food market owning to growing preference for less fat content dairy beverages. Other factors which will drive product demand in the region include growing population and emerging economies like India and China which are home to many diabetic people who need the product.

North America, led by the U.S. holds the largest share for low calorie food market. Up surging popularity of less fat content products due to rising health awareness, diabetic and obese patients is anticipated to fuel product growth in the region.

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Europe is expected as the fastest growing region for low calorie food market as it accounts for the maximum number of obese people globally. Besides this, changing attitude and lifestyle of people towards better health is likely to impel low calorie food market in the region.

Low calorie food market is consolidated with many companies manufacturing at national and international level. Some of the major players for low calorie food market include Pepper Snapple, McNeil Nutritional, Zydus Wellness, Archer Daniels Midland Danone, Nestle, Coca-Cola Com, Ajinomoto, PepsiCo, Beneo, Abbott Laboratories, Dansico, Bernard and Cargill.

Companies have adopted several strategies to capture the evolving industry which include merger, acquisitions, expansion and investments. In November 2016, Pepper Snapple acquired Bai Brands, manufacturing antioxidant infused beverages. This acquisition will help the company to diverse its product offerings and increase geographical coverage.

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Spray Dried Food Market with Segmentation, Statistical Forecast and Competitive Analysis Report to 2024

Corn Flour Market size is expected to witness growth owing to increasing demand for healthy and nutritious food products. Demand for corn-based nutritious snacks includes, tortilla chips, nachos and taco shells in turn will boost the product market. Convenience food in another key indicator fuelling the market growth. Upsurge in demand for gluten free products in health-conscious customers has raised the demand for corn flour built bakery items.

Rising demand of pasta and soups have increased the consumption of maize flour meanwhile, accelerating the corn flour market. It is also used in numerous ready to eat and ready to cook products, which will propel the market size. This change is now heading the escalating demand for single-chunk and healthy snack products. Corn flour market is anticipated to witness a high rise over the forecasted years owing to countless health gains of maize.

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Shifting customer preferences on healthy snacks and food products will reinforce the market. Several health benefits linked with maize will augment the corn flour market. Consumption of maize improves bone strength, kidney functioning, normal heart rate, maintain good bone health and regulate normal growth attributed to presence of minerals including magnesium, iron, manganese, copper, phosphorus and zinc. It also helps in controlling blood sugar level in both type of diabetes. All of the above factors will boost the product demand among health conscious customers which in turn will drive the industry growth.

Corn flour used as common staple food and is derived from grinding of dried maize. It arrives in white and yellow colour and is used in preparing several bakery products including breads, rolls mixing it with other flours. It is also used in preparing maize starch and healthy pet foods. Also, it is used as alternative for wheat and rice or as a gluten free product by mixing it with wheat.

On the basis of distribution channels, corn flour market is divided into hypermarkets / supermarkets, retail shops and online market. Among these, hypermarkets / supermarkets holds major market share. However, online retailing is expected to rise at high CAGR over the forecasted period.

Based on its application, corn flour market is segmented into breakfast cereals, snack food industries, confectionery and biscuits industry, breweries and bakery industry. Amongst, bakery industry holds a major market share, however, upsurge in demand for snacks in consumers will drive the product market.

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North America, dominated the corn flour market and is likely to witness the same in the forecasted years. Use of product item in manufacturing tortilla chips and other bakery & snack products is one of the major key driver for increasing demand in the region. Also, it contains high level of corn starch which helps substantially in preparing extruded snack products and processed food where maize flavour is preferred. Another major factor for growth of product market in the region is increasing Hispanic groups and rising demand for product based food items across the U.S. Moreover, increasing population and escalating numbers of restaurants will fuel the market growth in the region.

Europe region is the leading corn flour market and will observe healthy growth over the forecasted years. Germany and UK holds a major portion in the product market for growing consumption of pasta, soups and other confectionery products. Development of bakery industry in some of the countries including France, Italy and Netherlands among other nations will have propel the industry growth over the forecasted period in the region.

Asia-pacific, corn flour market is developing strong and will be the fastest growing market anticipating a high CAGR. Increasing population, rising spending capacity on staple food, high demand for fast food and escalating disposable income in consumers are major factors for future growth in the region. Easy availability of raw materials in some the regional countries including India and China will further reinforce the market over the forecasted years coupled with high consumption of staple food and gluten free food products will be driving the market significantly.

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Global corn flour market is highly diversified and competitive in nature owing to presence of large number of local and international manufacturers, globally. Also, numerous producers of corn flour have made a huge production facilities available in several countries. Some of the leading market players identified are Bunge, BASF, Cargill, Gruma, Clariant, Solvay, Grain Millers, Evonik and Glen Miller. Some other key vendors present in the market are W.R. Grace, Buffaloe Milling, Minsa Corp, C.H Guenther and sons, Grupo Bimbo, Shaff Farms, SEMO Milling and Ingredion Lifeline Foods.

Product market is witnessing a strong competition, globally. Many market players are acquiring or merging with small and large manufacturers to sustain in this competitive market.

In 2017, Bunge, a North American company acquired Grupo Minsa a leading company in corn flour market. This acquisition will broaden their product portfolio and other premixes for tortillas.

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Monday, 27 August 2018

Carbon Fibre Composites Market Update, Analysis, Forecast, 2018 – 2024

Carbon Fibre Composites Market, one of the pronounced verticals of polymers and advanced materials domain, over the years, has witnessed a commendable surge with regard to its application arena. The worldwide carbon fibre composites industry in 2016 held a revenue of USD 16 billion, driven by its efficiency oriented demand from myriad end-use sectors, profoundly the aerospace and automotive.

The rising trend of reducing overall vehicle weight and improving fuel efficiency, as per reports, has been one of the most crucial factors propelling carbon fibre composites market demand in these sectors. Moreover, superior material properties including high strength to weight ratio, low maintenance, and outstanding resistance to high temperatures have garnered massive proceeds for the industry over the years. In terms of market size, Global Market Insights, Inc. projects the overall carbon fibre composites market to register a demand over 290 kilo tons by 2024.

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Considering the material development and demand, carbon fibre composites industry has scored its major commercial success in the aerospace market. Aircraft industry giants such as Boeing and Airbus had been rigorously experimenting with carbon fibre composites for several years, however, the material was never used for huge structures such as the body or wings. Nonetheless, the scenario gradually changed with the Boeing 787 Dreamliner, which made use of carbon fibre composites for the main structure, accounting for about 50% of total weight of the plane. Speaking along similar line, another aircraft manufacturer major – Airbus, followed the footsteps, with its A350 XWB and A380 widebody platforms that significantly accelerated the use of carbon composites to reduce fuel consumption and emissions as well as propagated longer design life and lower maintenance. Experts claim such initiatives undertaken by the leading manufacturers to create quite a stir in the growth landscape of carbon fibre composites industry.

Another instance which stands to testify remarkable growth avenues for carbon fibre composites market is the launch of Stratolaunch. Developed by a renowned player of aerospace composites market, Scaled Composites, Stratolaunch is touted to be world’s largest aircraft by wingspan. As per reports, the entire aircraft structure is incorporated with carbon fibre composites structures to make the aircraft higher in strength and lighter in weight. Further enrooting its presence & position in carbon fibre composites industry, Scaled Composites, in 2016 launched its all-carbon fibre composite rocket plane dubbed as the SpaceShipTwo in the market. These instances depict a clear picture of the operational benefits of structural composites in aerospace industry, which, in turn, is driving carbon fibre composites industry share. Given the outstanding growth of the military and commercial aerospace sector, analysts anticipate carbon fibre composites market from the aerospace application to account for largest share outstripping USD 19 billion by 2024.

Speaking of the carbon fibre composites industry potential in other application sectors, the automotive industry is growing in similar fashion as the aerospace, and is anticipated to exhibit the highest growth rate of 13% over 2017-2024. It is prudent to note that despite having a plethora of niche applications in the field of aerospace, fibre composites are gradually inching toward being deployed in vehicle production, as the automotive sector seems eager to embrace these products for highly efficient and robust automobile development in the future. As per estimates, carbon fibre composites industry demand from automotive sector held a demand of 25 kilotons in 2016 with a ration of 20% of the overall share.

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Potential Application Opportunities for Carbon Fibre Composites Market

Oil & gas, railway, marine, and wind energy market, as per industry experts, have been touted as the most potential growth arenas for the industry demand. Though aerospace and automotive sectors have been the bright spots of carbon fibre composites market in terms of volume and revenue, the aforementioned applications are slated to emerge quite strong in terms of exploiting the operational benefits of CFC components. Thanks to the increased size of exploration and production activities, high demand for speed rail, and increasing size of wind turbine installations. All these applications significantly require the use of stronger and more lightweight materials, which is substantially fueling the growth track of carbon fibre composites market. As these application arenas have finally started to ramp up, analysts predict carbon fibre composites industry to witness major a boost pertaining to its commercialization and profitability landscape.

In terms of fiscals, the CFC components are on the higher side than the metal components. However, various advancements in raw materials, assembly techniques, and manufacturing technologies are anticipated to assist in reducing the costs of composites, which will significantly stimulate carbon fibre composite market size. Industry analysts further predict that the growing commercialization.

matrix of carbon fibre composites industry in aerospace, marine, automotive, natural gas, and railway will further eventually drive down the cost of CFC components in the ensuing years. Moreover, despite the high material cost, analysts anticipate the technological advancements to secure promising growth prospects for carbon fibre composites market in the years ahead.

Monday, 30 July 2018

U.S. Home Infusion Therapy Market to Cross the $13.5 Billion Mark By 2024

U.S. Home Infusion Therapy Market 2018-2024: This research reviews the overall U.S. home infusion therapy industry, which according to a report, is growing at more than 10% CAGR during 2018 and 2024 to hit the $13.5bn revenue mark.

Growth Drivers:

A Growing hospital acquired infections
Rising prevalence of chronic diseases
Advancements in technology
Growing geriatric population
Presence of homecare facilities

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Segmentations covered under U.S. Home Infusion Therapy Market Report:

Based on Product:

Infusion pumps, Intravenous sets, IV cannulas & Needleless connectors

Based on Application:

Anti-infectives, Hydration therapy, Chemotherapy, Enteral nutrition, Parenteral nutrition, Specialty pharmaceuticals & Others

Key Data Points from U.S. Home Infusion Therapy Market Analysis:

Increasing rates of hospital acquired infections have impacted the market growth positively.

Increasing number of immunocompromised patients that are more prone to infections will fuel industry growth over the coming years.

Infusion pumps accounted for largest revenue share in 2017 due to rising number of baby boomers, highly susceptible to suffer from infections and requires continuous delivery of fluids for maintaining proper health.

Anti-infectives business segment dominated the home infusion therapy market in 2017 and will witness similar trend in upcoming years owing to increasing prevalence of bacterial, viral and fungal infections.

The North East region will experience significant market growth due to an increase in bacterial and fungal infections stimulating demand for home infusion therapy.

Regional Data Coverage under U.S. Home Infusion Therapy Market:

East North Central (Illinois, Indiana, Michigan, Ohio & Wisconsin)
West South Central (Arkansas, Louisiana, Oklahoma, & Texas)
South Atlantic (Delaware, Georgia, Maryland, North Carolina, South Carolina, Virginia, West Virginia, Washington D.C.)
North East (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Islands, Vermont, New Jersey, New York & Pennsylvania)
East South Central (Alabama, Kentucky, Mississippi & Tennessee)
West North Central (Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, & South Dakota)
Pacific Central (Alaska, California, Hawaii, Oregon, & Washington)
Mountain States (Arizona, Colorado, Utah, Nevada, New Mexico, Idaho, Montana, & Wyoming)

Key Company Profiled in this Research Report:

Amsino International, Inc, Baxter International, Inc, B.Braun Melsungen AG, Becton Dickinson, Caesarea Medical Electronics, Fresenius Kabi, Halyard Health, Inc, ICU Medical Inc, Moog Inc, Smiths Medical & Terumo Corporation.

Key Chapters Covered:

Methodology
Executive Summary
U.S. Home Infusion Therapy Industry Insights
U.S. Home Infusion Therapy Market, By Product
U.S. Home Infusion Therapy Market, By Application
U.S. Home Infusion Therapy Market, By Region
Company Profiles