Intelligent Enterprise Data Capture Software Market: Opportunity Analysis and Industry Forecast, 2019-2029

Future Market Insights (FMI) has recently published a market research report, titled “Intelligent Enterprise Data Capture Software Market – Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029.” Intelligent enterprise data capture software takes control and accumulates a large volume of structured, semi-structured, and unstructured data. Intelligent enterprise data capture software enables the rapid transformation of critical business documents into business process-ready digital content by using advanced recognition technology. Intelligence enterprise data capture software uses various technologies to capture all kinds of data such as texts, pictures, printed documents, and several others. 

The global intelligent enterprise data capture software market is likely to record a total incremental opportunity of ~US$ 14 Bn during the forecast period of 2019 to 2029. In the global intelligent enterprise data capture software market report, FMI has segmented the global intelligent enterprise data capture software market by product type, deployment, line of business, industries, and region. 

Growth of Enterprise Application Realm Favoring Adoption

Digitisation of industries across the globe is increasing. Companies are moving from traditional manufacturing to digital manufacturing and adopting advanced technologies. Increase in investments in industrial IoT technology will bring about a significant change in the near future. Intelligent enterprise data capture software plays a crucial role in industrial automation. Manufacturing, construction, and other industries have witnessed the rapid adoption of advanced technologies. These factors are positively impacting the intelligent enterprise data capture software market. Due to the growth of industrialisation, the overall enterprise application market has witnessed significant growth in the past couple of years. This is expected to have a cascading effect on the intelligent enterprise data capture software market. 

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Intelligent enterprise data capture software uses different types of technologies such as optical character recognition, intelligent document recognition, and handwriting recognition. Optical character recognition technology is used to convert different types of machine-printed documents, such as image files, PDF files, or scanned paper documents, into searchable and editable data. Intelligent document recognition technology helps recognise and capture handwritten printed characters from image files. Handwriting recognition is the ability of a mobile device or a computer to take as input handwriting from sources such as printed physical documents, pictures and other devices, or to use handwriting as a direct input to a touchscreen and then interpret this as text. 

SMEs Emerging as Lucrative Targets for Investors

Advancements in the retail industry have revolutionised the adoption of intelligent enterprise data capture software components in various developing as well as developed regions. To meet the growing demand for error reduction and improved accuracy in the East Asia and South Asia regions, several intelligent enterprise data capture software platform providers have started investing in these regions. The established as well as growing intelligent enterprise data capture software platform providers should focus on expanding their intelligent enterprise data capture software businesses across untapped developing country markets to enhance their global intelligent enterprise data capture software market share. 

In addition, it has been observed that growing companies from various sectors are investing significantly on next generation data management solutions and business analytics platforms. Across the world, a growing number of small and medium enterprises are becoming prominent targets for the providers of intelligent enterprise data capture software. Hence, East Asian and South Asian markets are creating new business models for intelligent enterprise data capture software platform providers.

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Competition Insights

Key players are focusing on increasing their market shares in the intelligent enterprise data capture software market by entering into joint ventures and strategic partnerships with regional players. In addition, major intelligent enterprise data capture software market players are also expanding their global presence via strategic mergers and acquisitions. Some of the key players in the global intelligent enterprise data capture software market research report include Microsoft Corporation, SAP SE, IBM Corporation, OpenText Corporation, Oracle Corporation, Hyland Software, Inc., Box, Newgen Software Technologies Limited, M-Files, Oracle Corporation, and Nuxeo.

Nutraceutical Packaging Market by 2029 | Key Players - Amcor Ltd, Gerresheimer AG, Mondi Group PLC, Alpha Packaging Inc.

Future Market Insights (FMI) delivers key insights on the global nutraceutical packaging market in its published report that considers the global industry analysis 2014-2018 and opportunity assessment 2019-2029. The global nutraceutical packaging market is projected to be valued at ~US$ 3 Bn 2019, and is expected to surpass US$ 5 Bn revenues by 2029.  

The report includes a market research study on the global nutraceutical packaging market, which provides functional food & beverage and pharmaceutical product packaging trends, as well as overall market analysis by considering essential factors such as product form, suitable packaging material, and type of packaging requirement.

Flexible Packaging Preferable over Rigid Packaging

Nutraceutical packaging is gaining more traction for maintaining the shelf life of a product. The future of nutraceutical packaging involves antimicrobial food contact material, which controls chemical reactions, harmful bacterial effects, fungi concentration, and unpleasant odour from the stored product. Further, it is observed that flexible packaging constitutes a major value share of nutraceutical packaging, primarily owing to its light weight and superior barrier properties. Flexible nutraceutical packaging provides clear visibility to the product along with ease of handling during transportation. 

However, the nutraceutical packaging material and type depends upon product form and quantity. Due to the benefits of flexible nutraceutical packaging, bags and pouches are highly preferred for storing protein powders and other granules. With growing emphasis on extended shelf life, it is highly likely that the vacuum skin packaging (VSP) and modified atmosphere packaging (MAP) formats will gain more prominence in market. A significant incremental opportunity has been projected for VSP & MAP types in the global nutraceutical packaging market.

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A Growing Consumer Shift to Preventative Care

The nutraceutical packaging market is dynamic and continuously evolving with growing consumer focus on health and wellbeing. Nutraceutical packaging industries are continuously tracking consumer trends and demands with respect to functional food, dietary supplements, and functional beverages. The consumption of food supplements and additional nutrients is consistently increasing due to critical health issues such as diabetes, hypertension, cardiovascular ailments, osteoarthritis, osteoporosis, etc.

Increasing health consciousness and consumer demand for specific natural ingredients in food supplements are driving the growth of the nutraceutical market in the U.S. Consumers have more faith on natural ingredients over medicines. Hence, the manufacturers of nutraceuticals are diversifying their portfolio with the inclusion of herbal and natural contents in the supplements. New opportunities for nutraceutical packaging industries are anticipated with the addition of product portfolio and increasing consumption of nutrients. In the U.S. market, it is observed that the consumption of nutraceuticals is more among elder people in order to handle aging problems. Hence, the future growth of the nutraceutical packaging market is dependent on youth, who prefer nutraceuticals for physical fitness, gym, and sports activities.

Nutraceutical Packaging Market: Key Developments & Trends

European Union (EU)-funded project NanoPack aims to develop packaging solutions that increase product life after packaging by using novel antimicrobial surface application on the food packaging product surface. The NanoPack antibacterial film extends the shelf life of the product by two days. This two day-increase in shelf life increases product saleability by 40%.

The other trends witnessed in the nutraceutical packaging market include digital mass serialization, inclusion of artificial intelligence, and NFC chip & sensor-based packaging. In addition to this, key players have more emphasis on the combination of child-resistant and tamper-evident packaging.

• On 7^th Aug 2018, Amcor Limited acquired Bemis Company Inc., a leading pharmaceutical company to enhancing its product portfolio and ensure maximum reach to customers.
• On 20^th June 2018, Mondi Group Plc. completed the acquisition of National Company for Paper Products and Import & Export S.A.E (NPP) based in Egypt.
• In February 2019, Gerresheimer AG introduced Duma Standard containers made of child-resistant wrap in Paris.

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Amcor Ltd, Gerresheimer AG, Mondi Group PLC, Alpha Packaging Inc., RPC Group, Graham Packaging, Sonoco Products Company, Constantia Flexibles Group GmbH, ALPLA Werke Alwin Lehner GmbH & Co KG, Flex-pack, Law Print & Packaging Management Ltd., American Nutritional Corporation, Wasdell Packaging Group, PontEurope, Arizona Nutritional Supplements, LLC., Comar, LLC., Medifilm AG., Origin Pharma Packaging, CSB Nutrition Corporation, and Nutra Solutions USA are the key companies involved in the nutraceutical packaging market.

Intelligent Enterprise Data Capture Software Market Insight Growth Analysis On Volume, Revenue, Share And Size Forecast To 2029

Future Market Insights (FMI) has recently published a market research report, titled “Intelligent Enterprise Data Capture Software Market – Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029.” Intelligent enterprise data capture software takes control and accumulates a large volume of structured, semi-structured, and unstructured data. Intelligent enterprise data capture software enables the rapid transformation of critical business documents into business process-ready digital content by using advanced recognition technology. Intelligence enterprise data capture software uses various technologies to capture all kinds of data such as texts, pictures, printed documents, and several others. 

The global intelligent enterprise data capture software market is likely to record a total incremental opportunity of ~US$ 14 Bn during the forecast period of 2019 to 2029. In the global intelligent enterprise data capture software market report, FMI has segmented the global intelligent enterprise data capture software market by product type, deployment, line of business, industries, and region. 

Growth of Enterprise Application Realm Favoring Adoption

Digitisation of industries across the globe is increasing. Companies are moving from traditional manufacturing to digital manufacturing and adopting advanced technologies. Increase in investments in industrial IoT technology will bring about a significant change in the near future. Intelligent enterprise data capture software plays a crucial role in industrial automation. Manufacturing, construction, and other industries have witnessed the rapid adoption of advanced technologies. These factors are positively impacting the intelligent enterprise data capture software market. Due to the growth of industrialisation, the overall enterprise application market has witnessed significant growth in the past couple of years. This is expected to have a cascading effect on the intelligent enterprise data capture software market.

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Intelligent enterprise data capture software uses different types of technologies such as optical character recognition, intelligent document recognition, and handwriting recognition. Optical character recognition technology is used to convert different types of machine-printed documents, such as image files, PDF files, or scanned paper documents, into searchable and editable data. Intelligent document recognition technology helps recognise and capture handwritten printed characters from image files. Handwriting recognition is the ability of a mobile device or a computer to take as input handwriting from sources such as printed physical documents, pictures and other devices, or to use handwriting as a direct input to a touchscreen and then interpret this as text. 

SMEs Emerging as Lucrative Targets for Investors

Advancements in the retail industry have revolutionised the adoption of intelligent enterprise data capture software components in various developing as well as developed regions. To meet the growing demand for error reduction and improved accuracy in the East Asia and South Asia regions, several intelligent enterprise data capture software platform providers have started investing in these regions. The established as well as growing intelligent enterprise data capture software platform providers should focus on expanding their intelligent enterprise data capture software businesses across untapped developing country markets to enhance their global intelligent enterprise data capture software market share. 

In addition, it has been observed that growing companies from various sectors are investing significantly on next generation data management solutions and business analytics platforms. Across the world, a growing number of small and medium enterprises are becoming prominent targets for the providers of intelligent enterprise data capture software. Hence, East Asian and South Asian markets are creating new business models for intelligent enterprise data capture software platform providers.

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Competition Insights

Key players are focusing on increasing their market shares in the intelligent enterprise data capture software market by entering into joint ventures and strategic partnerships with regional players. In addition, major intelligent enterprise data capture software market players are also expanding their global presence via strategic mergers and acquisitions. Some of the key players in the global intelligent enterprise data capture software market research report include Microsoft Corporation, SAP SE, IBM Corporation, OpenText Corporation, Oracle Corporation, Hyland Software, Inc., Box, Newgen Software Technologies Limited, M-Files, Oracle Corporation, and Nuxeo.

Durian Powder Market by 2029: Status, Growth Opportunity, Leading Players: Jinhua Huayang Foods Co., Ltd., Thai Foods Product International Co., Ltd

Durian Powder Market – Introduction                                         

 Durian powder is basically a durian fruit, which is frozen dried, and then ground into powdered particles measuring between 40 mesh and 60 mesh. Durian contains impressive levels of dietary fiber, which is essential for optimal functioning of multiple systems in the body, primarily the digestive system. Extensive health benefits of durian, such as improved heart health, and reduced blood pressure, have been underpinning its adoption in wide range of food products. Moreover in today’s appearance-conscious world, individuals are hard-pressed to consume products rich in anti-aging properties, and durian powder, being rich in these properties is witnessing increased traction. Such factors are accelerating the adoption of durian based products, which will further provide impetus to growth in durian powder market. 

Durian Powder Market – Competitive Landscape

Some of leading players operating in the global durian powder market are:

• Jinhua Huayang Foods Co., Ltd. is a leading player in durian powder market. It is a Chinese producer and exporter of dehydrated vegetables, seasonings, fruits, spices, ingredients, both food grade as well as pet food grade.

• Thai Foods Product International Co., Ltd, Thailand is a manufacturing and exporting company, which deals in various kinds of food ingredients, food additives, dietary supplement, and personal care products. The company currently sales products across Middle East, Asia, Australia, North America, Western Europe, Eastern Europe, Africa, and Central/South America

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• THAI AO CHI FRUITS CO., LTD. is a leading exporter of frozen fruits, freeze dried vegetable, freeze dried fruits, and freeze dried powder, fresh fruits, health food and snack food across Thailand.

• Xi’an Asclepius Bio-Tech Co., Ltd is a natural plant extract concentrate powder manufacturing company and supplier. The company’s product portfolio includes herbal extracts, aminos and proteins, bee products, and Active Pharmaceutical Ingredient (API).
• Sunshine International Co., Ltd. is a Thailand-based manufacturer of simple and nutritious food products. The company’s product portfolio includes freeze dried, fruit chips, frozen fruit, and commercial products such as fruit powder.

• Siam Oriental food and Beverage Co., Ltd is a food product specialist, which provides products under the brand name ‘TAN TAN’. The company product portfolio includes freeze dried fruit powder, dried fruits, chocolate dipped with dried fruit, freeze dried fruit, and pineapple canned products.

Although durian is very popular in South-Asian countries, awareness about this fruit and its availability is still at a nascent stage, especially in western countries, which is restricting the growth of durian powder market. Consequently, durian powder manufacturers are increasingly investing in promotional activities, and are providing quality certifications to appeal to a wider consumer base. They are focusing on expanding their product reach to untapped regions to move ahead in the durian powder market.

Impressive Vitamin & Mineral Content in Durian Auguring Market Growth

Manifold health benefits of durian fruit have been creating growth opportunities for companies providing products based on this fruit. According to the USDA National Nutrient Database, durian has remarkable vitamin and mineral content. Growing consumer awareness about durian’s ability to enhance immune system, boost energy levels, and impede free radical activity, is further bringing traction to durian powder market. Other health benefits of durian fruit, such as better digestion, robust bones, and decreased symptoms of anemia are helping durian powder manufacturers in growing their product sales by appealing a wider consumer base. With advantages, such as slowed premature aging, lowered blood pressure, and better protection against cardiovascular diseases, sales of durian-based products, like durian powder are growing at a decent pace.

Controversial Nature of Durian Fruit Constraining Market Growth 

Despite diverse health benefits of durian, the controversial nature of this fruit is influencing its adoption. As durian smell has diverse effect on different people, manufacturers of this fruit based products often find it difficult to choose target audience. Extremely opposite reaction of individuals to durian smell is limiting its sales. With some individuals finding durian smell to be absolutely revolting and nauseating, this fruit has been prohibited across many types of public transport across Hong Kong, Thailand, and Japan. In Singapore, durian is strictly and completely banned across public transportation, with taxis carrying signs reading they refuse to carry passengers transporting durian. Such factors are further limiting the scope of growth in durian powder market in certain parts of the world.

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On the basis of the end use, the global durian powder market is segmented into:

• Desserts & Ice-creams
• Soft Drinks
• Bakery
• Confectionery
• Snacks
• Powder Premixes
• Others

On the basis of distribution channel, the global durian powder market is segmented as –

• Hypermarkets & Supermarkets
• Online Channel
• Convenience Stores
• Departmental Stores
• Indirect Sales

Potassium Formate Market Focusing on Product Innovation and Advanced Features through 2029

Future Market Insights’ new market research report opines that global potassium formate market is likely to witness significant growth during 2019 to 2029 on back of growing applications in drilling fluids, de-icing, and heating fluids. Valued at nearly US$ 513 Mn in 2018, global revenues are likely to grow at a CAGR of 4.1%, during the forecast period 2019 to 2029. Demand has also been positively influenced by growing preference for environmentally-sustainable products, especially in drilling fluids, de-icing, and heating fluids. The report opines that a combination of macroeconomic and industry-specific factors will drive potassium format demand during the course of the forecast period.

South Asia and East Asia Continue to be Lucrative

According to the study, new oil and gas drilling projects in Asia are fuelling demand for drilling fluids, which in turn, is creating sustained opportunities for stakeholders across the potassium formate value chain. Potassium formate is gaining traction in oil & gas sector, owing to its favorable properties and environmental feasibility. South Asia and East Asia collectively accounted for over 26% of the global potassium formate market current, and the authors of the report do not see the status quo changing anytime soon. The broader push by governments in the region, and over-reliance on oil economy is likely to create sustained opportunities for potassium formate market players throughout the forecast period.

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Drilling Fluid Likely to Remain a Key Application

The potassium formate market has been segmented on the basis of form, application, and region.

• Brine (liquid) form of potassium formate accounted for major share of overall potassium formate demand, in 2018. Easy handling and storage of brines and its ease of use due to its liquid form, can be attributed to its large share in the overall potassium formate market
• Drilling fluid application is projected to lead the application segment of the potassium formate market. Potassium formate is used in drilling fluids and is being more popular due to its compatibility and favorable properties. Traditional salts are being replaced by potassium formate in various applications including drilling fluid application.
• North America and Europe led the demand for potassium formate market in 2018. Presence of large oil & gas industry and also more snow falling countries in these regions, is attributed for its larger share. However, the growth is expected from Asian countries during the forecast period.

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Potassium Formate Market: Vendor Insights

The report highlights the key market players that are prominent and have established their position in the global potassium formate market. The examples of the key players in this value chain of potassium formate are BASF, ADDCON, Perstorp, Cabot, Evonik, Honeywell and ICL among others. The market players are providing premium customer services, technical support and an extensive range of potassium formate products in order to serve small to large customers across different industries and further expand their market presence by adapting new strategies including new product development and joint venture. The players are strategically focusing on building new partnerships and a strong client base. Some of the leading players are pushing the potassium formate sale in de-icing application due to its environmental feasibility and favorable properties.

Precision Stainless Steel Market Focusing on Product Innovation and Advanced Features through 2029 | Nippon Steel Corporation, Jindal Stainless Group

Future Market Insights provides critical insights on the precision stainless steel market, in its published report, which includes the global industry analysis 2014-2018 and opportunity assessment 2019-2029. In terms of market value, the global precision stainless steel market is projected to expand at a CAGR of over 4% during the forecast period, owing to various factors, regarding which, FMI offers thorough insights and forecasts in this report.

The global precision stainless steel market has been segmented on the basis of thickness and end-use industry. The global precision stainless steel market is expected to expand 1.5x in terms of market volume by the end of 2029.

Precision stainless steel (below 0.4 mm) in the form of sheet or foil, is mostly used by food & beverage, automotive, pharmaceutical, aerospace, building & construction, and other industries (oil & gas, research & development, power, electronics, railway & transport, and others). In the report, precision stainless steel below 0.4 mm thickness is taken under consideration, where stainless steel foil (below 0.1 mm thickness), and precision stainless steel (0.1 mm to 0.4 mm) are categorized for in-depth analysis. Adoption of stainless steel foil is anticipated to increase in medical, aerospace, defence, petrochemical, laboratory, nuclear, and marine industries.

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Manufacturers Entry Uplifting Market in China and ASEAN Region

In the global precision stainless steel market, East Asia is estimated to hold nearly half of the market share in terms of volume, owing to the rapid growth of the manufacturing and infrastructure sectors in emerging economies such as China and South Korea. In terms of production and consumption of precision stainless steel, China is attributed to be the leading country across the globe. In the East Asia precision stainless steel market, China is anticipated to be a highly attractive market in terms of market share and growth rate during the forecast period.

In the South Asia precision stainless steel market, India is attributed to provide lucrative market growth opportunities due to the increased concentration of manufacturing and transportation segments. The entry of manufacturing giants in the ASEAN region is expected to deliver an impressive boost to the growth of the precision stainless steel market. In the ASEAN region, Indonesia is estimated to be the most significant market for precision stainless steel, while Malaysia is projected to expand at a high growth rate during the forecast period.

Europe’s Market Share Gradually Declining

The Europe precision stainless steel market is expected to witness slow growth owing to the maturity in demand from the manufacturing industry. By the end of 2029, the European precision stainless steel market is expected to lose market share to South Asia, as many manufacturing facilities are shifting to emerging economies in Asia. Germany is estimated to be the leading country in the European precision stainless steel market as it is the largest vehicle manufacturer in Europe. Energy and processing industries are actively driving the growth of the Russian precision stainless steel market during the forecast period.

Large infrastructure projects from GCC Countries promise exciting opportunities for the precision stainless steel market. The market is expected to witness impressive demand from Middle East & Africa, due to the increasing manufacturing and export of precision components for automotive from Turkey. In Latin America precision stainless steel market, Brazil is expected to be a prominent country in terms of production, consumption, and export of precision steel products. Construction and infrastructure sectors are key contributors to the overall growth of the Latin American precision stainless steel market. The Oceania precision stainless steel market includes Australia and New Zealand, and accounts for less than 1% of the global precision stainless steel market share.

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Key market players that have been profiled in the report on the precision stainless steel market include Nippon Steel Corporation, Jindal Stainless Group, ArcelorMittal SA, Aperam, Outokumpu Oyj, Kobe Steel, Ltd., Acerinox, AK Steel Corporation, Ulbrich Stainless Steels & Special Metals, Inc., and Baoshan Iron & Steel Co., Ltd., among others. Several unorganized and regional market players are expected to contribute to the development of the precision stainless steel market.

HIV/HBV/HCV Test Kits Market - 2019-2029 | Top Industry Companies are Abbott Laboratories, Hoffmann-La Roche Ltd., Bio-Rad Laboratories Inc.

The increasing burden of HIV and viral hepatitis infections is estimated to boost the HIV/HBV/HCV test kits market. Assay-based test kits are expected to contribute a large market share as these are the first line of tests prescribed to patients. Moreover, in most of the developing regions, healthcare professionals and patients rely on assay-based testing results. Increase in the number of initiatives undertaken by government organisations and NGOs to raise awareness regarding the available testing materials and treatment options is expected to boost the growth of the HIV/HBV/HCV test kits market over the forecast period.

The rising adoption of point-of-care testing is expected to boost the demand for rapid test kits and is anticipated to grow at a high rate during the forecast years. According to the latest report published by the FMI, the global HIV/HBV/HCV test kits market, in terms of market value, is expected to account for US$ 9.4 Bn by the forecast year 2029. The report further projects that the HIV/HBV/HCV test kits market will grow at an approximate CAGR of 7.0% during the forecast period 2019-2029.

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R&D, Clinical Trials, & Government Initiatives Collectively Provide Impetus

Over the past decades, HIV/HBV/HCV test kits have gained significant popularity and an upsurge in demand across the world. According to the United Nations Programme on HIV/AIDS (UNAIDS), the global prevalence of HIV was around 0.8% among adults in 2017, of which 75% of the people are aware of their HIV status. Of these, 79% are receiving treatment. The demand for combination rapid test kits is expected to grow at a high rate, which is estimated to contribute a high revenue share to the HIV/HBV/HCV test kits market over the forecast years. Combination rapid test kits provide the result for HIV, HBV, and HCV infection together by using one sample within 20 min to half an hour. This factor is expected to play an instrumental role in driving the growth of the HIV/HBV/HCV test kits market.

Lack of awareness regarding the available treatment options and the asymptomatic nature of infections is expected to hamper the growth of the HIV/HBV/HCV test kits market. In 2015, an estimated 257 Mn people were living with chronic hepatitis B infection, and 71 Mn people with chronic hepatitis C infection, due to lack of awareness regarding the symptoms. Hence, majority of the population remained underserved. The East Asia and Africa HIV/HBV/HCV test kits markets are expected to witness significant growth in the patient pool due to the high prevalence of infections in these regions, coupled with lack of awareness, poor healthcare infrastructure, and treatment facilities.

However, rising R&D and clinical trials, steps taken to reduce the cost of treatment, and initiatives by governments & NGOs to spread awareness and provide free check-up centres are some of the factors boosting the growth of the HIV/HBV/HCV test kits market. The East Asia HIV/HBV/HCV test kits market is estimated to create an approximate incremental $ opportunity worth US$ 7.7 Bn between 2019 and 2029.

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The global HIV/HBV/HCV test kits market has been segmented by kit types, sample type, end user, and regions. Furthermore, the test kits type of HIV/HBV/HCV test kits market has been segmented into assay-based test kits, rapid test kits, and combination rapid test kits, which are used for the detection of HIV and viral hepatitis B & C infections. The sample type segment of the HIV/HBV/HCV test kits market is segmented into blood, urine, and saliva. Blood sample type is expected to hold a large share during the forecast period. In terms of end user, HIV/HBV/HCV test kits are segmented into hospitals, clinics, diagnostic laboratories, government organisations & NGOs, and others.

The report tracks some of the key companies operating in the HIV/HBV/HCV test kits market, such as Hoffmann-La Roche Ltd., Abbott Laboratories, bioMérieux SA, Bio-Rad Laboratories Inc., QIAGEN, Hologic Inc., Meridian Bioscience, Inc., Maternova, Siemens AG, and Creative Diagnostics.

UV Stabilized Films Market Research, Insight, Forecast, Outlook & Analysis by Future Market Insights Report

Future Market Insights delivers key insights on the UV stabilized films market, in its recently published report titled, 'UV Stabilized Films Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029'. In terms of revenue, the global UV stabilized films market is projected to expand at a value CAGR of over 5% during the forecast period, owing to numerous factors, regarding which, FMI offers thorough insights and forecasts in this report.

The global UV stabilized films market has been segmented on the basis of product type, material type, thickness, technology, application, and end-use industry. The global UV stabilized films market is anticipated to expand 1.7x in terms of market value by the end of 2029.

Non-packaging Applications Account for Multiple Revenue Generation Channels

A UV stabilized film is a multi-layer film that absorbs, scatters, or reflects ultraviolet radiations and protects products from visible light degradation. UV stabilized films are used for packaging and non-packaging end-use industries in a variety of applications such as printing, lamination, industrial, and packaging applications. Manufacturers operating in the UV stabilized films market offer these films in thickness ranges such as up to 20 microns, 20 to 40 micron, 40 to 50 micron, and 50 microns & above. Technologies used for UV stabilized film manufacturing are adhesion lamination and co-extrusion coating. UV stabilized films are gaining traction in flexible packaging applications for preserving freshness, color, and enhancing the aesthetic appearance of packaged products. Along with this, UV stabilized films increase the shelf-life of the products.

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Market Attractiveness of South & East Asia Remains Intact

As indicated by the regional analysis of market, East Asia is expected to account for nearly one-third of the total market value share in the global UV stabilized films market by the end of 2029 and is anticipated to expand at a value CAGR of over 7% during the forecast period. India is one of the leading contributors of UV stabilized films in the East Asian UV stabilized films market, which was valued more than US$ 700 Mn in 2018. Key players in the South Asian market such as Uflex Ltd., Jindal Poly Films, and others are expanding their production to cater to the increasing demand for UV stabilized films in the global market. The South Asian market is anticipated to expand at a substantial growth rate during the forecast period.

The total incremental opportunity represented by East Asia is relatively high as compared to other regions in the global UV stabilized market. The burgeoning demand for UV stabilized films from the building & construction industry is expected to further boost the sales of UV stabilized films in the region. After the East Asian region, Europe is another attractive market for UV stabilized films. This is attributed to the presence of well-established players in the region, which suffice the rising demand for UV stabilized films. The European market is expected to expand 1.4x of its current value by the end of the forecast period.

China is anticipated to expand at a value CAGR of over 8% during the period 2019-2029. Thailand and Indonesia are expected to represent cumulative incremental opportunity of approximately US$ 0.35 Bn by the end of 2023. The South Asian UV stabilized films market by non-packaging end-use industry is estimated to be valued nearly US$ 1.3 Bn by the end of 2019, and is projected to expand at a CAGR of above 7% during the forecast period.

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Company profiles of key market participants that have been profiled in the report on the UV stabilized films market include Uflex Ltd., Mitsubishi Polyester Film, Inc., Toray Plastics (America). Inc., DuPont Teijin Films U.S. Limited, Polyplex Corporation Ltd., Terphane LLC, Toyobo Co., Ltd., Ester Industries Ltd., RKW SE, Sigma Stretch Film Corp., Coveme Spa, Kolon Industries, Inc., Elif Plastik Amb.San.Tic.A.Ş, Group Michiels Advanced Materials, Walco Corporation, Vampire Optical Coatings, Inc., Custom Extrusion Technologies, Inc., Arid Agritec Ltd, FVG Folien-Vertriebs GmbH, and Kangde Xin Composite Material Group Co., Ltd. (KDX).

Surgical Booms Market Global Trends, Growth and Key Companies Analysis by 2029

Surgical booms are also known as Equipment Management Systems (EMS). Surgical booms are used to constrain electrical wiring from the various equipment used in the OR. They also help organise the space in the OR by increasing the working space. Most surgical booms are suspended from the roof of the OR and are available in a number of designs and utilities. According to the latest research by FMI, the global surgical booms market is expected to account for more than US$ 380 Million in terms of value by the end of 2029. The surgical booms market report also projects significant growth potential with an anticipated average Y-o-Y growth rate of over 4.5% during the forecast period.

Increase in the Adoption of Minimally Invasive Surgeries is Likely to Drive the Growth of the Surgical Booms Market

Minimally Invasive Surgery (MIS) is one of the major trends in medicine. MIS is a safe, feasible, and patient-friendly method of performing medical procedures such as surgery. MIS offers reduced postoperative pain, shorter length of stay in a hospital, lesser scarring or damage to tissues, and generally leads to faster recovery. Hence, MIS is easier and less time-consuming. As clinicians seek safer and more efficient ways to perform surgery, they find new applications for minimally invasive procedures, because the benefits of the same for patients are paramount. Furthermore, the increasing number of insurance providers that offer reimbursement for costs incurred during most minimally invasive procedures is expected to increase the adoption rate of minimally invasive surgeries. The Centers for Medicare and Medicaid Services (CMS) provides reimbursement for peripheral access procedures, such as the insertion of a port or catheter into a large central artery that is directly related to or is near the heart. Thus, increase in the number of minimally invasive surgeries is boosting the demand for equipment management systems such as equipment booms.

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High Capital Investment for Integrated OR to Hinder the Growth of Surgical Booms Market

Integrated ORs utilise a crossover of medical interventions to form hybrid technologies. The development and integration of ORs requires the re-organization of professionals. In addition, there is a need to upgrade the capital equipment. Cost of such advanced capital equipment is high. Furthermore, compatibility with existing or new devices/infrastructure is likely to present a hurdle for the designers, manufacturers, and end users of surgical booms. A hybrid OR, on an average, requires 50-80% more space as compared to a conventional OR in the U.S., and 30-40% more in Germany. The additional space required is another factor that is likely to increase the cost of the setup of an integrated OR. Thus, the capital cost required for an integrated OR is likely to hinder the growth of the surgical booms market.

Surgical Booms Market: Segmental Analysis

The global surgical booms market has been segmented on the basis of product, installation, and end user. On the basis of product type, the surgical booms market has been segmented into equipment booms, utility booms, anaesthesia booms, and custom booms. Custom booms lead the market due to the flexibility of choice the customers have from manufacturers. Based on installation, the surgical booms market has been segmented into roof mounting and floor mounting. In terms of revenue, the roof mounting segment is expected to have a major share in the surgical booms market during the forecast period as these are more flexible and conserve space in the OR more effectively. On the basis of end user, the surgical booms market has been categorised into hospitals, ambulatory surgical centres, specialty clinics, and hybrid operating rooms. The revenue generated by the hospitals segment of the surgical booms market is expected to witness significant growth, which is driven by the presence of a large number of ORs and associated ICU departments at various hospitals.

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Surgical Booms Market: Companies

Some of the key players in the surgical booms market include CV Medical LLC., Stryker Corporation, Hill Rom Holdings Inc., Amico Group of Companies, Steris Plc, Ondal Medical Systems GmbH, Getinge Group, Pratibha Medinox, Skytron LLc, and Palakkad Surgical Industries, among others.

Heavy Duty Corrugated Packaging Market Growth Rate, Product and Application Segmentation, Key Companies and Regional Analysis and Forecast to 2029

Future Market Insights delivers vital insights on the heavy duty corrugated packaging market, in its published report titled, 'Heavy Duty Corrugated Packaging Market: Global Industry Analysis 2014-2018 and Opportunity Assessment 2019-2029'. In terms of revenue, the global heavy duty corrugated packaging market is projected to expand at an approximate CAGR of 5% during the forecast period, owing to numerous factors, regarding which, FMI offers thorough insights and forecasts in this report.

Heavy duty corrugated packaging products are frequently used as shipping containers. These are extensively used to package goods such as food items, beverages, cosmetics, pharmaceuticals, hazardous chemicals, and other materials. Heavy duty corrugated packaging products provide product protection by themselves, but often require an inner component for cushioning such as corrugated inserts and edge protectors, which help ensure the safety of fragile products. In recent years, the demand for pallet boxes in heavy duty corrugated packaging has increased significantly. This can be attributed to immense size flexibility offered by these boxes.

Heavy duty corrugated packaging products such as boxes provide crush resistance and adequate strength for stacking in warehouses. They are environment-friendly, biodegradable, and can be recycled. Products such as octabins, also have high durability, are lightweight, and offer significant cost benefits to the buyer. Thus, heavy duty corrugated packaging products are being increasingly used in secondary packaging of goods, across a wide range of industries.

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Online Retail Boom Favoring Heavy Duty Corrugated Packaging Sales

FMI analyses that E-commerce & the growing retail industry plays a crucial role in driving the heavy duty corrugated packaging demand. In addition to this, the stringent rules and regulations on the use of plastic-based packaging products will also push the usage of recycled paper packaging products such as heavy duty corrugated packaging, in the near future. The global market for heavy duty corrugated boxes has witnessed unprecedented price increase in the last one and a half year. The heavy duty corrugated packaging industry is still struggling with the supply of raw material i.e. containerboard. Paper packaging markets in countries such as China, India, and Brazil, are growing at a fast rate and the demand has increased several folds in the last 10 years, which will support the growth of the heavy duty corrugated packaging market during the forecast period.

Despite being a fragmented market, Europe represents one-fourth of the global heavy duty corrugated packaging market. The United States heavy duty corrugated packaging market is anticipated to expand at a progressive CAGR due to highest number of convenience and superstores in the region. Moreover, the expanding middle class in emerging economies of Latin America such as Mexico & Brazil, is creating demand for protective packaging solutions such as heavy duty corrugated packaging, and subsequently driving the market. Considering the Asia Pacific region, the organized retail industry and the growing FMCG sector are escalating the growth of the heavy duty corrugated packaging market in China, India, etc. China is anticipated to represent a healthy CAGR of above 6% in the global heavy duty corrugated packaging market.

Strategic M&A Enabling Market Players to Expand in Developing Regions

Vendor landscape remains highly splintered in the global heavy duty corrugated packaging market. Key players in the heavy duty corrugated packaging market such as Mondi Group, Smurfit Kappa Group, and DS Smith are the most active acquirers in the corrugated industry. The companies are focusing on expanding their footprint in developing countries of Asia Pacific and Latin America regions through mergers and acquisitions in the heavy duty corrugated packaging market.

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Key market players that have been profiled in the report on the heavy duty corrugated packaging market include Mondi Group, VPK Packaging Group, International Paper Company, WestRock Company, Georgia Pacific, LLC, Pratt Industries, Inc., Oji Holdings Corporation, Smurfit Kappa Group Plc., DS Smith Packaging Limited, Sonoco Products Company, Smurfit Kappa Group Plc, Elsons International, SCG Packaging Public Company Limited, GWP Group Limited, Packaging Corporation of America, U.S. Corrugated, Inc., Quadwall Ltd., Cheng Loong Corporation, Felbro, Inc. & Menasha Packaging Company, LLC. Several unorganized and regional market players are expected to contribute to the global heavy duty corrugated packaging market during 2019-2029.

Vibration Analyzer Market Report, History and Forecast 2019-2029, Manufacturers, Key Regions, Types and Application

Introduction

Vibration analyzer is a handheld measurement device for the individual assessment of vibration on the machines and systems. Vibration analyzer is also used for measuring speed, distance, and acceleration of the machines in various industries such as automotive, mining, electronics, aerospace and defense, energy and power. With the help of vibration analyzer, the actual state of the machines and system can be determined accurately.

Regular use of vibration analyzer in industries to maintain the proper functioning of machines is boosting the growth of the vibration analyzer market globally. Some of the aspects such as growing need for vibration monitoring through wireless system, growing demand for industrial applications are fuelling the growth of the vibration analyzer market.

Vibration analyzers are used for the identification of machine faults, localization of affected components, optimization of spare parts logistics and planning of maintenance measures. Increasing demand for the vibration analyzer due to its failure identifying capability is ultimately boosting the demand for vibration analyzer market. Technical features such as automatic shutdown, wide frequency range, light in weight and equipped with magnetic wall mount make vibration analyzers user-friendly. Affordable prices of the vibration analyzers with user-friendly interface creates considerable demand for analyzers in the market.

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Vibration Analyzer Market: Key Dynamics

High adoption of vibration analyzer for predictive maintenance

Vibration analyzers are used in industries to ensure the proper maintenance of the machineries. Increasing use of vibration analyzer in industries to perform vibration analysis of machineries is propelling the demand for vibration analyzer in the market. Rapidly growing industries such as food and beverage, electronics, aerospace, and defense require vibration analyzers on large scale for maintenance purposes. Frequent use of this analyzer in these industries is contributing to the growth of vibration analyzer market across the globe.

High accuracy and quick turnaround time account for escalating vibration analyzer sales

High adoption of vibration analyzer by maintenance professionals to remove the fault from the machineries is also driving the vibration analyzer market significantly. Vibration analyzer gives vibration testing results within few minutes, with detailed analysis. The ability of the vibration analyzer to provide accurate and reliable testing results with preventive measures is ultimately helping to grow the vibration analyzer market.

On the other hand, extra cost of maintenance on existing machineries is boosting the growth of sales of new equipment. New equipment is not required to be tested by vibration analyzers very frequently, which acts as a restraint for the growth of vibration analyzer market.

Vibration analyzer market: Segmentation

On the basis of product type, vibration analyzer market segmented into

• Portable
• Handheld

On the basis of application, vibration analyzer market segmented into

• Velocity and displacement measurement
• Vibration monitoring

On the basis of component, vibration analyzer market segmented into

• Hardware
• Software

On the basis of End use, vibration analyzer market segmented into

• Food and Beverage
• Electronics
• Automotive
• Aerospace and Defense
• Oil and gas
• Energy and power
• Others

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Vibration analyzer market: Competition Landscape

Increasing use of portable vibration analyzer in industries due to various factors such as easy to use, low cost and high-performance analysis creating the opportunities for the manufacturers to capture the significant market share of the vibration analyzer. Some of the key manufacturers of the vibration analyzers are PCE Deutschland GmbH, SKF, RION co., Ltd, National Instruments Corporation, Honeywell International Inc, ACOEM AB, Analog Devices, Inc. and Data Physics Corporation.

• Manufacturers are concentrating on providing advanced vibration analyzers to the end users. Recently, ACOEM AB, one of the manufacturers of the vibration analyzer launched smart vibration analyzer includes the features such as touchscreen interface, MS word reporting, Wireless Triaxial sensor, and Both right and left hand operation.

Foaming Creamer Market Status and Forecast 2028| Expected to grow at a CAGR of 3.6% by 2028

The global foaming creamer market is expected to grow at a CAGR of 3.6% in terms of revenue during the forecast years. Revenue generated from the global foaming creamer market is projected to reach US$ 212.3 Mn by 2028. A foaming creamer is a product that is widely used in the foodservice industry for the foaming of beverages, especially Italian beverages such as cappuccino, mocha, latte, etc. Foaming creamers are powders that are used typically in beverages. The production of the foaming creamer is by spray-drying a mixture that contains fat, carbohydrate, and protein sources. The previously tedious task of foaming these beverages has been made easy due to the industrial manufacturing of foaming creamers as a powder. Foaming creamers are also available for instant beverages, and these can be used for beverage mixes too. The other type of foaming creamer is the cold water soluble foaming creamer that is predominantly used in the foodservice industry.

The Growing Coffee Market is Leading the Way for Increased Utilization of Foaming Creamers

Global coffee consumption has increased in the past few years, and the demand for coffee as well as additives such as foaming creamers over the forecast period is expected to increase at a modest rate, especially in emerging markets. Coffee consumption is witnessed typically in Europe and the United States. For the foodservice industry, availability of foaming creamer means that they do not need additional equipment or labor, and for the food processing industries, this could mean that they do not need extra machinery for processing foaming creamers. The use of foaming creamer could save on production costs. Thus, the demand for foaming creamers is increasing due to the growing market for coffee and other hot beverages.

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Non-dairy Foaming Creamers More Attractive Due to Fluctuating Milk Prices

Between 2016 and 2018, milk prices have been fluctuating, resulting in the reduction in the value of dairy products. Non-dairy based foaming creamer manufacturers could benefit here, as the cost of production of these products is somewhat stable, considering that their raw material prices remain constant. The consumer base for non-dairy products is also increasing. Lactose-intolerant consumers and those supporting veganism prefer non-dairy foaming creamer for their beverages. Foaming creamers are also available for cold-soluble beverages. The varieties of options in foaming creamers for all types of beverages and for various types of consumers is significantly driving the foaming creamer market.

Approximately 65% of the human population has a reduced ability to digest food containing lactose after infancy. This has led to many manufacturers producing dairy alternatives such as plant-based products with equivalent taste and appearance. Non-dairy foaming creamers are made with vegetable oil and glucose syrup, and are preferred alternatives to dairy-based foaming creamers.

Foaming Concept Well Received Because of the Appearance and Taste

Customers are seeking an instant solution at home that replicates the sense of an indulgent treat. A drink or food that is more appealing for the senses through color, shape, fragrance, and other formulation elements is the latest thing that consumers want to engage in. The foaming of coffee and hot chocolate caused by a foaming creamer is more appealing to consumers than the regular bland look. At the same time, consumers want their drink to taste equally good, with the foam lasting for a longer time by using ingredients such as foaming creamers, as is assured by manufacturers, which is not practical as far as a homemade alternative is concerned. Thus, foaming creamers are being used in instant beverage mixes. Creating foam through traditional means such as frothers require extra effort, and it also does not last as long. The appeal of the foaming texture by using a foaming creamer has become more important to the foodservice segment and retail consumers alike.

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Coffee Culture – Expansion into Traditional Tea Markets

The coffee culture is being adopted in several countries in Asia Pacific, especially in Southeast Asian countries, that traditionally tend to prefer tea. This has increased the demand for instant coffee mixes that provide a gourmet coffee taste and appearance, even in a sachet. Thus, manufacturers of these products are developing formulations that provide a luxury out-of-the-home experience in the instant coffee mixes by incorporating foaming creamers. Instant-mix has become a popular product in the global beverages market, and manufacturers are trying to enhance the texture and mouthfeel of finished beverages to increase their consumer base. This is being done by adding components such as foaming creamers to produce cappuccino instant mixes. Cappuccino instant coffee that has a foaming creamer as an ingredient is a commodity that has recently been introduced in the Asia Pacific and Middle East regions, and is expected to experience a steady growth rate over the forecast period. The foaming creamer market is expected to gain traction in the South-east Asian market with these countries already being major producers of foaming creamers.

Construction Material Testing Equipment Market Development History, Current Industry Analysis and Estimated Forecast to 2027

Continuous growth in the infrastructure sector is significantly driving the global construction material testing equipment market. Construction material testing equipment is used to perform the testing of structural material and components that are used for construction. Construction material testing equipment covers the testing of shallow and deep foundations, earthwork, wood construction, destructive concrete testing, non-destructive concrete testing, structural steel, structural masonry, asphalt pavement evaluation, and others. Engineers analyze the properties of these material during the design process of any new construction, using construction material testing equipment. When bases, highways, railway tracks, dams, and others are constructed, it is important to check the properties of material used for construction for compatibility with construction material testing equipment. During the design stage of construction, engineers test and analyze each material or component used for construction using construction material testing equipment.

Soil testing and concrete testing are important tests that are performed during construction using construction material testing equipment. Soil plays a key role in civil engineering. Construction material testing equipment used for soil testing provides data of the soil mechanics and the compatibility of the soil with silt, rock, sand, clay, etc. Various standards play a key role in the construction material testing equipment market. Rapid urbanization in developing countries such as India, Brazil, Mexico, China, and others are significantly creating huge demand for construction material testing equipment. For instance, in May 2018, President of CBIC (Brazilian Chamber of the Construction Industry) stated that, the construction market is experiencing decent recovery in Brazil with the strengthening GDP. These developments are expected to drive the global construction material testing equipment market significantly.

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Recent Innovations in Construction Material

With recent developments and innovation in the material used for construction are creating huge demand for construction material testing equipment, and are significantly driving the global construction material testing equipment market. Recent innovations in construction material are Martian concrete, self-healing concrete, pollution absorbing bricks, and CABKOMA strand rods, besides others. These material are significantly gaining momentum in the market, and it requires advanced construction material testing equipment for the evaluation of these materials.

In terms of value, the global construction material testing equipment market is expected to reach 3.8 Bn by 2027. By application, the residential segment is expected to register a CAGR of 5.6% in the construction material testing equipment market. The high rate of urbanization is driving the construction material testing equipment market’s residential segment. As per World Bank data, the global rate of urbanization has increased from 53% in 2013 to 54.8% in 2017.

Stringent Regulations and Standards by Regulatory Bodies

Various associations and regulatory bodies of different countries have defined a set of standards needed to be met during the construction process with respect to the building and material used. These standards and regulations play a key role and create huge demand for construction material testing equipment. Moreover, increasing concerns regarding safety and the need to construct buildings that are resistive to natural disasters play a key role in the construction material testing equipment market. Standards set by ASTM for building, cement, concrete, geotechnical, and others are the Standard Test Method for Lightweight Particles in Aggregate, Standard Test Method for Abrasion Resistance of Concrete by Sandblasting, and others. These are the few key standards that are having a positive impact on the growth of the global construction material testing equipment market.

Market in Asia Pacific Excluding Japan Surgingon Account of High Infrastructure Development

Asia Pacific excluding Japan is expected to hold a prominent market share in the global construction material testing equipment market during the forecast period. The booming construction industry and the increasing rate of urbanization in the developing countries of APEJ, such as China and India, are creating huge demand for construction material testing equipment. Various government projects in the construction sector such as constructing new highways, railways, airports, and others are expected to drive the construction material testing equipment market in APEJ.

As per Xinhua, news agency in China, construction companies in China are significantly contributing to infrastructure expansion in China, significantly impacting the construction material testing equipment market. In 1978, the country had only 52,000 km of railways in operation, and in 2017, the length increased to 127,000 km, including 25,000 km of high-speed railways. These developments have a huge positive impact on the growth of the global construction material testing equipment market.

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Partnerships and Acquisitions Remain a Key Strategy Adopted by Vendors

Vendors of construction material testing equipment are continuously focusing on the development of advanced technology products with latest software by entering into partnerships or acquiring prominent market players. For instance, in October 2018, Eurofins Scientific, one of the players in bio analytical testing including construction material testing equipment, acquired TestAmerica, a prominent player in environmental consulting and engineering solutions. With this acquisition, Eurofins Scientific significantly delivered enhanced products and strengthened its position in the U.S. market. Partnerships and acquisitions have a significant impact on the construction material testing equipment market. Some of the key players in the construction material testing equipment market are Humboldt Mfg. Co., Controls S.p.A., Qualitest International Inc., Cooper Research Technology Ltd., EIE Instruments, Utest, Aimil Ltd., NL SCIENTIFIC INSTRUMENTS SDN BHD, Matest, and others.

Beverage Acidulants Market Demand, Outlook, Analysis by 2018-2027 | Future Market Insights Report

Beverage acidulants are a vital ingredient in sour, zesty beverages. These acidulants bring a clean and a refreshing taste to any beverage that they are added to. Beverage acidulants also protect the obtained final product from developing any undesirable flavor that may throw off the beverage’s perfect mix. Beverage acidulants are widely used in the beverage processing industry as additives, preservatives, and flavoring agents. Owing to the widespread use and growing demand for high-quality beverages, the safety of the finished product is critical. Supported by approval from various regulating authorities for the use of acidulants in different drinks, beverage acidulants are gaining significant traction.

Citric Acid Beverage Acidulants to Continue Holding Pole Position

There are quite a few varieties of beverage acidulants available commercially, including acetic acid, phosphorus acid, citric acid, and more, with each having their flavor, concentration, and usage limit. The most commonly used acidulant in beverages is the citric acid-based beverage acidulant. It is by far the most important, resourceful, and broadly used organic acid. Citric acid-based beverage acidulants are used for the sharp taste that they provide in soft drinks and sweets. Citric acid is derived from limes and lemons, but is now produced commercially through a fermentation process. Phosphoric acid-based beverage acidulants are the second-most used acidulants in the beverage industry. The major end-product in which these are used are cola drinks. Cola drinks are envisaged to be the best-selling flavored soft drinks, globally. These have a harsh, biting taste that complements the flavor of the cola.

On the basis of form, the beverage acidulants market is segregated into powder, liquid, and granules. The granule form of beverage acidulants is gaining significant traction, and is anticipated to register a relatively high growth rate in the beverage acidulants market over the forecast period.

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On the basis of application, the beverage acidulants market is segregated into soft drinks, dairy-based beverages, fruit juices and concentrates, alcoholic beverages, and energy drinks. The segment which seems relatively sturdier over the forecast period is the fruit juices and concentrates beverages segment. It is expected to maintain its high share in the beverage acidulants market over the forecast period, though, the growth rate at which it is expanding is relatively moderate.

On the basis of nature, the beverage acidulants market is segregated into synthetic and organic. The organic segment is expected to be a hot prospect in the coming years, owing to the increased demand for natural and clean label food and beverage products. Major organic beverage acidulants include citric acid-based beverage acidulants, malic acid-based beverage acidulants, and tartaric acid-based beverage acidulants.

Beverage Acidulants Providing a Cost-Effective Solution to Food and Beverage Service Providers

Various beverage manufacturers are focused on providing different beverages at an optimum cost, owing to high demand from consumers. In view of the same, multiple companies have implemented the integrated production approach to deliver cost-effective beverages. Beverage acidulants provide a cost-effective solution in the production of various beverages, including soft drinks, cola drinks, and more.

Organic Beverage Acidulants Gaining Widespread Popularity

An increasing number of consumers are aware of the need for a healthy regime. Organic beverage acidulants such as citric acid-based beverage acidulants are widely used in beverages as additives, since they are naturally-derived preservatives. They are naturally present in almost all citrus fruits. Owing to the increasing awareness about the harmful and ill-effects of synthetic and non-natural acids, consumers are increasingly shifting towards beverages that contain naturally-derived ingredients.

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Expansion of Processed Beverages Industry Providing Significant Boost to the Beverage Acidulants Market

One of the primary factors anticipated to boost the beverage acidulants market across the globe is the expansion of the beverage processing industry in various developing and less-developed countries.
In countries with a rapidly increasing urban population such as India, China, and Brazil, and regions such as the Middle East, the demand for processed beverages is growing significantly. This is attributed to increasing product visibility, adoption of retail formats, and launch of new and more beneficial products, owing to naturally-derived ingredients that offer various health benefits to consumers.

Beverage Acidulants Give an Enhanced Flavor and Shelf Life to Beverages

The use of beverage acidulants not only enhance flavor but also increase the shelf life of beverages. They also improve the taste of beverages. Taste, shelf life, and flavor are all vital factors that determine individual choices. The increasing demand for improved shelf-life and flavor in beverages is providing a significant lift to the beverage acidulants market.