Flavored Syrup Market Top Companies, Trends and Growth Factors Details for Business Development by 2030

 

Flavored Syrup Market Growth & Trends

The global flavored syrup market size is expected to reach USD 70.16 billion by 2030, registering a CAGR of 3.6% during the forecast period, according to a new report by Grand View Research, Inc. The use of flavored syrups as a flavor and sweetness enhancer is gaining popularity among manufacturers in the food and beverage industries. The growing demand for customized flavors in the beverage and food industries is further driving the market.

Flavored syrups are organic or natural add-ons that sweeten and enhance the flavor of food products such as cocktails, cold drinks, and a variety of beverages. Consumers nowadays have a choice to pick from a wide variety of low-calorie syrups without jeopardizing their health. The widespread availability of a wide range of personalized flavors also boosts market demand. The increased preference for organic and natural products will provide brands with opportunities to innovate in the coming years.

The market benefits from the burgeoning dairy industry globally, especially in Asia Pacific, due to the increased consumption of flavored milk, milkshakes, yogurts, smoothies, frappes, and whipped cream. In the coming years, the frozen desserts industry will become profitable, which may well support the market growth, because these serve as toppings, adding a savory flavor to the desserts.

The constant spike in urbanization in emerging economies has drastically altered people's consumption patterns. As a result, more international cuisines are appearing on various occasions as part of celebrations or weekend hangouts. This has also resulted in the considerable expansion of hotel and restaurant chains in tier-1 and tier-2 cities in developing nations. All of these developments have had a favorable impact on the supply chain. Therefore, as a result, flavored syrups are becoming popular in hotels and restaurants in developing economies, which may propel the market growth during the projected timeframe.

Flavored syrups are extremely popular in Western countries such as Canada, the U.K., Germany, France, and the U.S. These syrups are primarily used as a topping in ice cream, pancakes, waffles, desserts, ready-to-eat food products, and various breakfast foods. High consumption and production of these products in the aforementioned countries have significantly contributed to the global market growth. Furthermore, the market is expected to be driven by rising demand for chocolate-flavored syrups for various bakery and confectionery products and cold beverages in the coming years.

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Flavored Syrup Market Report Highlights

• By product, chocolate is expected to witness the fastest growth during the forecast period owing to the rising use of chocolate syrups in commercial applications in the manufacturing of chocolates, dairy products, bakeries, ice creams, and frozen desserts
• In terms of distribution channel, the B2B segment dominated the global market in 2022 due to the increasing use of flavored syrups as sweeteners and flavor enhancers in both hot and cold beverages
• Asia Pacific is projected to register the highest CAGR in the forecast period owing to high product demand and developments in countries such as India and China

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Flavored Syrup Market Segmentation

Grand View Research has segmented the global flavored syrup market report based on product, distribution channel, and region:

Flavored Syrup Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Fruit
• Chocolate
• Vanilla
• Coffee
• Others

Flavored Syrup Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• B2B
• B2C

Flavored Syrup Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in the Flavored Syrup Market

• The Hershey Company
• The Kraft Heinz Company
• Kerry Group
• Tate & Lyle
• Toschi Vignola s.r.l.
• Monin Inc.
• Fuerst Day Lawson
• Torani
• The J.M. Smucker Company
• Panos Brands
• Amoretti
• Skinny Mixes.
• Nature's Flavors, Inc.
• Sonoma Syrup Co

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Baking Ingredients Market to Incur High Value Growth at 6.1% CAGR by 2030

 

Baking Ingredients Market Growth & Trends 

The global baking ingredients market size is predicted to reach USD 25.92 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2022-2030 in terms of revenue. Baking ingredients that reduce fermentation time, and are used in packaged & convenience foods, are high in demand.

The demand for packaged as well as convenience foods is increasing, owing to rising living standards and improving economic conditions in developing economies. Consumers have adopted convenience and packaged foods due to a growing need for leisure, time constraints, and hectic lifestyles. This has increased competition for bakery products such as cakes, pizza, bread, and pastries, thereby boosting the demand for baking ingredients.

Traditional home-cooked meals are being replaced by ready-to-eat baked food, particularly in developed economies in regions such as Europe and North America, where consumer prefers rolls, pocket sandwiches, and wraps over time-consuming food due to their hectic lifestyle. These factors may have an impact on the global baking ingredients market's growth. Furthermore, the increasing out-of-home food spending has resulted in an increase in the number of coffee shops, retail outlets, convenience stores, artisan bakeries, and in-store bakeries that provide a wide range of innovative baked food options.

Leading market players are investing in various projects through research and development in order to develop innovative products and expand their consumer base. A major market trend that has been observed is an increase in demand for natural baking ingredients, which is anticipated to gain traction in the near future. This is primarily due to an increase in the number of health-conscious people, as well as increased awareness regarding the advantages of natural baking ingredients such as oils, natural flavors, and sweeteners.

The market in Europe is predicted to hold a significant market share and rise steadily with a significant CAGR between 2022-2030. The bakery industry is attempting to avoid the use of butter as plant-based and flexitarian diets among European consumers is gaining popularity, which is driving up the demand for bakery ingredients in the region. Industrial bakeries have a great opportunity to develop new products and make plant-based baked goods, which has led to trends in the market for bakery ingredients, particularly in Germany. On the other hand, the rising demand for plant-based baked products in Germany is boosting demand for baking supplies in the nearby markets.

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Baking Ingredients Market Report Highlights

• In terms of revenue, bread became the largest end-use segment in 2021. Many countries across the globe consider bread to be a staple food. It also has a variety of uses in the food processing industry which is expected to continue over the projected timeframe
• As an ingredient in baking, enzymes are anticipated to experience the highest CAGR as they play a significant role in extending the shelf life and providing anti-staling properties in baked goods
• The Asia Pacific market is anticipated expected to have the highest CAGR from 2022 to 2030 owing to the growing working population and customers’ adaptation to a western food lifestyle
• The major players in the baking ingredients market include Hostess Brands LLC, George Weston Ltd., Flowers Foods Inc, Mckee Foods Corporation, and Grupo Bimbo

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Baking Ingredients Market Segmentation

Grand View Research has segmented the global baking ingredients market based on product, end-use, and region:

Baking Ingredients Product Outlook (Revenue, USD Million, 2017 - 2030)

• Emulsifiers
• Yeast
• Enzymes
• Baking Powder & Mixes
• Oils, Fats, and Shortenings
• Colors & Flavors
• Starch
• Preservatives
• Others

Baking Ingredients End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Bread
• Cookies & Biscuits
• Cakes & Pastries
• Rolls & Pies
• Other

Baking Ingredients Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Poland
  • Portugal
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players in the Baking Ingredients Market

• Flower Foods Inc
• Hostess Brands LLC
• Mckee Foods Corporation
• George Weston Ltd.
• Grupo Bimbo. S. A. B. de C.V.
• Nestle S.A.
• Finsbury Food Group
• Aryzta AG
• Britannia Industries Ltd.
• Tiger Brands Company
• Goodman Fielder.
• Uniferm GmbH & Co.
• General Mills Inc
• Bread Talk Co. Ltd
• Mckee Foods Corporation
• Mondelez International.
• Shanghai Cristine Foodstuff Co. Ltd
• Yamazaki Baking Co., Ltd
• Monginis Foods Pvt. Ltd
• Koninklijke DSM N.V.
• Associated British Foods Plc

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Cheese Powder Market Poised to Expand at a Robust Pace of USD 7.11 Billion Over 2030: Grand View Research Inc.

 Cheese Powder Market Growth & Trends

The global cheese powder market size is anticipated to reach USD 7.11 billion by 2030, growing at a CAGR of 6.48% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market is predicted to grow steadily in the coming years, owing to an increase in the demand for cheese powder in a variety of snacks such as pasta, popcorn, and chips among others, particularly in developed markets. Moreover, recent price declines, combined with a rising population, a thriving food and beverage sector, and growing disposable income, are expected to drive market growth in developing countries.

Industrial canteens and large catering establishments have witnessed increased demand for ready-to-eat food items including soups, noodles, sauces, pasta, and pizza among other items which are expected to fuel product demand in coming years. Some of the other factors driving the cheese powder market growth are rising health concerns as a result of a higher demand for frozen and canned foods.

Consumers across the globe are looking for convenient solutions to simplify their hectic lifestyles. Furthermore, the nutritional content in cheese powder such as high protein and vitamins combined with low calories, are expected to have a positive impact on the market. However, consumers are increasingly gravitating toward vegan diets due to environmental concerns and animal rights. This, in turn, is expected to stifle market growth during the forecast period.

Rising demand for ready-to-eat and packaged foods is one of the primary drivers of market growth. Cheese powder is commonly used in dry snacks. Snacks are the most common application because they have a higher shelf life and are easy to handle.  Moreover, consumer preferences are shifting towards packaged and processed foods as a result of busy schedules. Furthermore, the increased availability of processed and packaged food in supermarkets and hypermarkets is expected to boost the industry’s growth.

The market in Asia Pacific is expected to grow significantly over the forecast period owing to the growing demand for western food products in the region. The flavoring property of cheese powder is particularly ideal in the region because of the rising demand for western food such as burgers and pizzas. Furthermore, the region's growing presence of quick service restaurants such as Burger King, Domino's, KFC, and McDonald's is expected to drive product demand.

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Cheese Powder Market Report Highlights

• Swiss cheese powder in the product segment is expected to grow significantly over the forecast period. This growth can be attributed to the increasing demand for Swiss cheese due to its unique flavor and taste
• The snacks segment dominated the global market with the highest revenue share owing to the increasing demand for snack products among consumers as meal replacements
• Europe accounted for the highest share in 2021 and is predicted to expand substantially during the forecast period. The growing preference for protein-based beverages among fitness-conscious consumers is expected to contribute to the region's growth
• Furthermore, consumers prefer parmesan cheese and wine pairings over traditional ones which is expected to boost regional demand
• Some of the key players in the market include Archer Daniels Midland Company; Kerry Group PLC; Kraft Heinz Company; and Land O'Lakes, Inc.

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Cheese Powder Market Segmentation

Grand View Research has segmented the global cheese powder market based on product, application, and region:

 Cheese Powder Product Outlook (Revenue, USD Million, 2017 - 2030)

• Cheddar
• Parmesan
• Blue Cheese
• Romano
• Swiss
• Others

Cheese Powder Application Outlook (Revenue, USD Million, 2017 - 2030)

• Snacks
• Bakery & Confectionery
• Dips/Dressings/Dry Mix/Sauces
• Flavors
• Ready to Eat
• Others

Cheese Powder Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • South Africa

List of Key Players of Cheese Powder Market

• Land O'Lakes, Inc.
• Kerry Group PLC
• Kraft Heinz Company
• Lactosan A/S
• Archer Daniels Midland
• Commercial Creamery Company
• Kanegrade Limited
• Aarkay Food Products Ltd.
• All American Foods
• Dairiconcepts, L.P

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Online Food Delivery Services Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Online Food Delivery Services Market Growth & Trends

The global online food delivery services market size is anticipated to reach USD 253.95 billion by 2030, registering a CAGR of 18.7% over the forecast period, according to a new study by Grand View Research Inc. The increasing use of smartphones and internet penetration contributes to the industry's growth. Moreover, the growth of the overall food delivery industry that allows customers to order food from a variety of restaurants is playing a pivotal role in driving the growth. The expansion of delivery aggregators, such as Zomato and Swiggy, in the Indian market over the last couple of years has further contributed to the industry's growth. The growing number of dual-income families and changing lifestyles & eating patterns are anticipated to favor the industry growth over the forecast period.

Furthermore, the growing demand for quick access to food at affordable prices is driving the growth. Benefits offered by online delivery services include heavy discounts, rewards & cashback offers, doorstep delivery, and multiple payment options. Furthermore, providers of food services are setting up large warehouses to store fresh produce for offering high-quality food, encouraging the adoption of online delivery services. In addition, infrastructural advancements in emerging economies offer growth opportunities to vendors operating in the industry. They enable companies to expand their restaurant partner network and delivery network in different cities. IoT integration enables users to opt for online food delivery services through voice commands, further easing the delivery process.

Such technological advancements are anticipated to drive industry growth. Due to the COVID-19 pandemic, some leading players like Domino’s Pizza Inc., McDonald's Corp., and Zomato have introduced contactless delivery services, which are expected to continue over the coming years. Cloud kitchens witnessed a surge in popularity during the COVID-19 pandemic due to the closure of several dine-in restaurants. The trend is expected to remain strong post-pandemic, owing to people getting accustomed to online ordering. This rapidly rising number of cloud kitchens is expected to boost the online food ordering trend, which bodes well for the industry's growth.

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Online Food Delivery Services Market Report Highlights

• The platform-to-consumer segment led the industry in 2021 and is expected to continue the trend over the forecast period. It deals with the logistics and resource aspects of food delivery while simultaneously offering shipment services to restaurants that do not have in-house delivery resources. A rise in the number of investments in this model drives segment growth in capital cities
• The mobile applications segment emerged as the largest channel type segment in 2021 due to the growing smartphone penetration, coupled with technological advancements, such as 3G and 4G networks. Moreover, many restaurants offer various discounts to end-users ordering food via mobile applications
• Asia Pacific is anticipated to grow at the fastest growth rate during the forecast period. This growth is attributable to the increasing per capita income levels and millennials’ changing preferences
• Since the pandemic, key players have been focusing on introducing products that can improve product quality. Food delivery companies are increasingly investing in technologies and making them a part of food delivery supply chains, ensuring quick and contactless deliveries
• For instance, Postmates, Inc., a food delivery company based in California, U.S., has used delivery robots to help deliver food in Los Angeles since the beginning of the COVID-19 pandemic

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Online Food Delivery Services Market Segmentation

Grand View Research has segmented the global online food delivery services market on the basis of type, channel type, payment method, and region:

Online Food Delivery Services Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Restaurant-to-Consumer
• Platform-to-Consumer

Online Food Delivery Services Channel Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Websites/Desktop
• Mobile Applications

Online Food Delivery Services Payment Method Outlook (Revenue, USD Billion, 2018 - 2030)

• Cash-on-Delivery (COD)
• Online

Online Food Delivery Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa (MEA)

List of Key Players of Online Food Delivery Services Market

• Deliveroo PLC
• DoorDash Inc.
• Delivery Hero Group
• Just Eat Ltd.
• Uber Technologies Inc.
• Swiggy
• Zomato
• com LLC
• Yelp Inc.
• com Inc.
• Rappi Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Attention Deficit Hyperactivity Disorder Market Projected to Register 4.2% CAGR through 2030: Grand View Research Inc.

 

Attention Deficit Hyperactivity Disorder Market Growth & Trends

The global attention deficit hyperactivity disorder market size is expected to reach USD 18.69 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.2% from 2023 to 2030. The presence of a strong product pipeline for the treatment of ADHD and their subsequent approval is expected to boost the market growth. Some late-stage pipeline products are NRCT-101 developed by Neurocentria, Inc., SPN-812 by Supernus Pharmaceuticals, Inc., and EB-1020 by Otsuka America Pharmaceutical, Inc.

Several initiatives undertaken by government bodies regarding early diagnosis and treatment of ADHD are likely to support the market growth. In January 2021, the Australian Government included Vyvanse under its Pharmaceutical Benefits Scheme (PBS) for the treatment of adult patients with ADHD. This inclusion makes the availability of Vyvanse at a subsidized rate to patients and more than 20,000 patients received a comparable treatment for the disease at low cost and benefits. Without PBS subsidy, the patients had to pay more than USD 1,200 per person annually for their treatment. After the inclusion in PBS, they will receive the treatment at USD 41.30 per script. Such initiatives are also expected to drive market growth.

Increasing awareness about ADHD among patients, physicians, and other healthcare providers may increase the demand for diagnosis and treatment which in turn propel the growth of the attention deficit hyperactivity disorder market. The Attention Deficit Hyperactivity Disorder Coaches Organization (ACO) celebrates October as the ADHD awareness month intending to raise awareness, generate funding for R&D, and educate people about disorders. This initiative may boost early diagnosis, thereby, increasing product penetration.

However, the risk of comorbidity with other psychiatric disorders is high among children with ADHD, often making diagnosis and treatment of the disorder complex. A research study published by the Lundbeck Foundation in 2021 showed that ADHD patients with other psychiatric comorbid conditions were more likely to avoid taking medicines. Some of the comorbid conditions that typically occur in ADHD pediatric patients are depression, anxiety, bipolar disorder, learning disorder, early speech/communication problems, and oppositional defiant disorder.

Furthermore, the shortage of stimulants to treat ADHD has forced patients to pay for expensive branded medication and create scope for substitute therapies, such as behavioral therapy, which will negatively impact the demand for ADHD pharmacological therapies. Strict regulations are implemented by regulatory bodies, such as the U.S. Drug Enforcement Administration (DEA), which limit the production of ADHD drugs to avoid misuse or abuse. Amid an increase in demand, this can create a shortage of medical products, consequently increasing the cost of treatments and restraining market growth. Thus, the shortage of medicines may impede the market growth.

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Attention Deficit Hyperactivity Disorder Market Report Highlights

• By drug type, the stimulants segment accounted for the largest share of the market in 2022 due to the high demand for these medicines and the management of symptoms, government support for the use of stimulants drugs, and continuing clinical trials regarding attention deficit hyperactive disorder
• Based on demographics, the adults segment dominated the attention-deficit hyperactivity disorder market in 2022 owing to the large target population base and high risk of developing the attention-deficit hyperactive disorder. According to ADD Health and Wellness Centers, Inc. the disorder affects approximately 4-5% of the adult population
• Retail pharmacy segment dominated the attention-deficit hyperactivity disorder market in 2022 and is anticipated to witness the fastest growth over the forecast period. This can be attributed to the wide availability of attention deficit hyperactivity disorder drugs at retail pharmacies and their ease of accessibility to patients
• North America dominated the global market in 2022 owing to factors such as high awareness among healthcare professionals about drugs available for treatment and the rise in disease prevalence. According to the Center for ADHD Awareness Canada (CADDAC), more than 1.5 million people are affected by the disease in Canada
• Asia Pacific is expected to be the fastest-growing region during the forecast period to increasing ADHD prevalence and treatment demand in the region. For instance, ADHD is one of the most common neurodevelopment diseases with approximately 8.2% of children and 11% of boys diagnosed in Australia

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Attention Deficit Hyperactivity Disorder Market Segmentation

Grand View Research has segmented the global attention deficit hyperactivity disorder market based on, drug type, demographics, distribution channel, and region:

ADHD Drug Type Outlook (Revenue, USD Million, 2018 - 2030)

• Stimulants
  • Amphetamine
  • Methylphenidate
  • Lisdexamfetamine
  • Dexmethylphenidate
• Non-stimulants
  • Atomoxetine
  • Guanfacine
  • Clonidine
  • Others

ADHD Demographics Outlook (Revenue, USD Million, 2018 - 2030)

• Children (2 to 17 years of age)
• Adults

ADHD Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Retail Pharmacy
• Hospital Pharmacy

ADHD Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in Attention Deficit Hyperactivity Disorder Market

• Eli Lilly and Company.
• Pfizer Inc.
• Johnson & Johnson Services Inc.
• Lupin
• Novartis AG
• Takeda Pharmaceutical Company Limited
• Mallinckrodt Inc.
• Purdue Pharma LP
• NEOS Therapeutics Inc.
• Supernus Pharmaceutical, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Satellite Internet Market to Exhibit Impressive Growth During 2023– 2030: Grand View Research Inc.

 Satellite Internet Market Growth & Trends

The global Satellite Internet Market size is expected to reach USD 22,571.58 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.6% from 2022 to 2030. Satellite internet is a wireless network that provides access to satellite dishes both in space and on earth. It connects people in remote regions worldwide and provides access to a global information network. Satellite internet is accessed through high-speed network connectivity supplied by Earth-circling satellites. It is faster than a regular internet connection and distinguishes itself from land-based internet services such as digital subscriber line (DSL) and cable. Satellite communication provides a land-based interface for accessing audio, video, and information from anywhere on Earth.

One of the significant advantages of satellite internet for businesses is the ability to transmit a link at many megabits per second over a remote location. However, a private and secure connection can join many remote locations spread over a wide area. In rural areas, demand for satellite internet is rising due to the lack of other broadband internet choices. Additionally, satellite internet can provide access to the web in remote areas where it is challenging to get broadband, such as deserts and mountains, which increases the demand for satellite internet in these areas. Furthermore, internet users can now get better speed and bandwidth owing to advancements in satellite internet technology. As a result, these services are quickly adopted in emerging economies such as India, Brazil, the Philippines, Malaysia, and more fueling the market's expansion.

The rise in government programs for the uptake of advanced satellite internet services to develop a digitized economy and to provide enhanced public safety & security drives the market's growth. Furthermore, several governments are significantly funding satellite internet companies to provide broadband services to rural populations across emerging countries, boosting market growth. For instance, In October 2022 U.K. government invested USD 14.62 million in U.K. businesses to enhance satellite communications technology. Advanced Research in Telecommunications Services (ARTES) and European Space Agency (ESA) fund this investment. This investment is focused on developing new satellite configurations and terrestrial infrastructure or providing internet services to customers.

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Satellite Market Report Highlights

• The key factors driving the growth of the Satellite Internet Market globally include a surge in the adoption of satellite services in government and military and growing adoption of satellite internet for connectivity in rural areas
• The frequency band comprises L-band, C-band, K-Bband, and X-band. The K-band segment dominates the Satellite Internet Market, gaining a share of more than 41% in 2022 and witnessing a CAGR of 16.0% during the forecast period. The K-band frequency is utilized in defense, broadcasting, and security radar systems. K-band monolithic microwave integrated circuit (MMIC) is an emerging technology that enables the implementation of K-band low-noise and amplifiers with reduced costs, ease of large-scale production, and high durability which further drives its adoption in the forecasted period
• The government and public segment are expected to dominate in 2021, gaining a market share of more than 19%. It is expected to grow at 12.6% CAGR throughout the forecast period owing to increasing government initiatives across the globe to provide internet connectivity in remote locations
• North America led the overall market in 2021, with highest market share of over 32%. It is expected to grow at a CAGR of 13.1% throughout the forecast period. The growth is due to the rise in government initiatives to deploy satellite technology in various parts of North America. The population of developed countries such as the U.S. and Canada is highly tech-savvy and requires fast & better internet connectivity. This elevates the demand for high-speed internet, which should foster regional market growth
• To increase their product offering, companies utilize a variety of inorganic growth tactics, such as partnerships, mergers, and acquisitions. For instance, In October 2022, Axess announced a partnership with Viasat. Viasat's maritime operations will be able to reach a wider global audience owing to its strategic relationship with AXESS Maritime, which will provide a variety of solutions and services. AXESS Maritime offers regional and international networks and provides the complete rotation from network infrastructure, deployment, implementation, ship monitoring, and round-the-clock global NOC support

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Satellite Internet Market Segmentation

Grand View Research has segmented the global Satellite Internet Market based on frequency band, industry, and region:

Satellite Internet Frequency Band Outlook (Revenue, USD Million, 2017 - 2030)

• L-band
• C-band
• K-band
• X-band

Satellite Internet Industry Outlook (Revenue, USD Million, 2017 - 2030)

• Energy & Utility
• Government & Public Sector
• Transport & Cargo
• Maritime
• Military
• Corporates/Enterprises
• Media & Broadcasting
• Others

Satellite Internet Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players in Satellite Internet Market

• Singtel Group
• Freedomsat
• EchoStar Corporation      
• Thuraya Telecommunications Company
• Eutelsat Communications SA
• net
• SpaceX
• Viasat, Inc.
• Axess
• DSL Telecom

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Diagnostic Enzymes Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 Diagnostic Enzymes Market Growth & Trends

The global diagnostic enzymes market size is expected to reach USD 6.26 billion by 2030, registering a CAGR of 3.97% during the forecast period, according to a new report by Grand View Research, Inc.Growth of the diagnostic enzymes market is attributed to rising demand for the enzymes in diagnostics with wide applications in pathology. Moreover, advancements in diagnostic techniques for viral infection are anticipated to propel the market growth.

Diagnostic enzymes are widely adopted owing to the higher sensitivity and accuracy offered by enzyme activity. The enzyme activities can be earlier than clinical signs and other diagnostic indicators. Biosensors are becoming a popular potential tool for medical diagnostics, pathogen detection, and monitoring. Biosensors have gained popularity owing to the accuracy, sensitivity, selectivity, and rapid detection strategies that can be used routinely. Diagnosis of serum levels of the enzymes has been used as an indicator of the cellular damage that results in the release of the intercellular components into the bloodstream.

Viral infections of the respiratory tract are among the most common disorders in humans, and the ones caused due to the outbreak of emerging viruses, such as COVID-19, have posed a threat to public health. Therefore, detection of the viral pathogens is vital to stop the occurrence of such epidemics and prevent the unnecessary use of antibiotics. Therefore, novel diagnostic strategies have been adopted by the key players. LightMix (Roche Molecular Diagnostics, Switzerland), AccuPower (Bioneer, Korea), PowerChek (Kogene Biotech, Korea), Anyplex (Seegene, Korea), UltraFast kits (Nanobiosys, Korea), and DiaPlexQ (SolGent, Korea) are some of the commercially available RT-PCR kits for MERS-CoV RNA detection with sensitivities as high as 99.03%.

An increase in the number of diagnostic enzyme tests has led to a boost in recommendations and guidelines with a number of publications on their performance. Moreover, reimbursement pathways lack clear guidelines and systematic Health Technology Assessment (HTA). Various factors influencing payer decisions for diagnostic enzyme tests include FDA clearance, physician support & clinical guidelines, competitor coverage policies, cost/benefit analyses, results of HTAs, and employer or advocacy group demands.

Furthermore, key players operating in the market are focusing on expanding and launching products that can be used for a wide range of applications. For instance, in March 2022, Meridian Bioscience, Inc. launched two master mixes, which can be used in non-invasive liquid biopsy. The launch of such breakthrough technologies enables better analysis of the performance levels as compared to traditional qPCR from the purified nucleic acid.

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Diagnostic Enzymes Market Report Highlights

• In 2021, the glucose oxidase/glucose dehydrogenase enzyme segment held a dominant share in the market owing to the presence of an abundance of enzymes in living organisms
• The oncology segment is projected to grow at the fastest rate during the forecast period owing to the increasing prevalence of cancer among the population
• The clinical segment is the highest revenue-generating segment in 2021 owing to the increased focus on R&D
• The diagnostic enzyme market is witnessing change owing to the presence of key market players focusing on product launches and geographic expansion to maintain their position in the market
• Asia Pacific is expected to witness the fastest growth during the forecast period owing to the improved manufacturing facilities and the presence of the target population

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Diagnostic Enzymes Market Segmentation

Grand View Research has segmented the global diagnostic enzymes market based on the type, application, product type, and region:

Diagnostic Enzymes Type Outlook (Revenue, USD Million, 2018 - 2030)

• Taq Polymerase
• MMLV RT
• HIV RT
• Hot start Taq Polymerase
• UNG
• RNase Inhibitors
• Bst Polymerase
• PCR Master Mix
• Lyophilized Polymerase
• T7 RNA Polymerase
• Cas9 Enzyme
• Acid Phosphatase
• Alanine Aminotransferase
• Amylase
• Angiotensin Converting Enzyme
• Aspartate Aminotransferase
• Cholinesterase
• Creatinine kinase
• Gamma Glutamyl Transferase
• Lactate Dehydrogenase
• Renin
• Glucose Oxidase/Glucose Dehydrogenase
• Urease
• Lactate Oxidase
• Horseradish Peroxide
• Glutamate Oxidase
• Others

Diagnostic Enzymes Application Outlook (Revenue, USD Million, 2018 - 2030)

• Diabetes
• Oncology
• Cardiology
• Infectious Diseases
• Nephrology
• Autoimmune Diseases
• Others

Diagnostic Enzymes Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Molecular Enzymes
• Clinical Enzymes

Diagnostic Enzymes Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Rest of World
  • Brazil
  • South Africa

List of Key Players in Global Diagnostic Enzymes Market

• Takara Bio, Inc.
• Promega Corporation
• Enzo Life Sciences, Inc.
• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Creative Enzyme
• Hoffmann-La Roche Ltd.
• Solis BioDyne.
• Ambliqon A/S.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Acrylonitrile Butadiene Styrene Market Projected To Be Worth USD 31.20 Billion By 2030: Grand View Research Inc.

 Acrylonitrile Butadiene Styrene Market Growth & Trends

The global acrylonitrile butadiene styrene market size is expected to reach USD 31.20 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2022 to 2030. The growing need for lightweight materials used in the automotive industry in various applications such as pipe, automotive body parts, wheel covers, enclosures, and protective headgear is expected to drive the demand for acrylonitrile butadiene styrene (ABS). The superior characteristics of acrylonitrile butadiene styrene make it highly compatible with metals, adhesives, rubber, and coatings, which increases its preference over other products. Increasing production of acrylonitrile butadiene styrene is the key factor behind the growth of this market.

The revision of the regulatory framework associated with the acrylonitrile butadiene styrene industry is expected to increase the efficacy, safety, and performance standards of ABS-based medical products. As a result, the demand for superior-quality acrylonitrile butadiene styrene is expected to grow in Europe in the coming years. The market for acrylonitrile butadiene styrene in the region is highly regulated, with stringent regulations applied for the manufacturing of acrylonitrile butadiene styrene by the World Health Organization (WHO).

ABS can be easily processed via injection molding as well as recycled. It has good resistance against corrosive chemicals and physical impact. However, ABS is not used in high-heat situations due to its low melting point. ABS compounds are commonly used in electrical and electronics and consumer goods applications and are gaining acceptance owing to high strength, rigidity, and dimensional stability. The product offers resistance against impact and heat coupled with toughness.

The electrical and electronics segment is the leading application of ABS compounds. However, the appliances and automotive application segments are expected to provide maximum growth opportunities for the ABS market. The product is used in shavers, vacuum cleaners, food processors, and refrigerator liners, and its usage is expected to rise considering the increased production of lightweight passenger cars. Among recent developments, ABS is used in 3D printing as ABS parts can be easily sourced globally.

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Acrylonitrile Butadiene Styrene Market Report Highlights

• In terms of revenue, the opaque type accounted for the largest share in 2021 and is expected to witness significant growth over the forecast period
• The appliances application segment dominated the market and accounted for more than 25.0% share in 2021 based on revenue. The rising demand for electronic appliances, such as washing machines, dryers, and microwave ovens, coupled with increasing consumer spending on appliances, is expected to boost the demand for acrylonitrile butadiene styrene in the appliances industry
• As of 2021, Asia Pacific accounted for the largest share of more than 30.0% in terms of revenue. The presence of a top manufacturing base and increased automotive expenditure in China, Japan, and India is expected to provide further impetus to the regional market growth
• Major players are continuously working on developing their manufacturing plants owing to the increased usage of acrylonitrile butadiene styrene in the healthcare industry. For instance, in March 2022, CHIMEI Corporation, Neste, Idemitsu Kosan, and Mitsubishi Corporation signed a deal to develop a renewable plastics supply chain for the production of styrene monomer and its renewable plastics by-product including acrylonitrile butadiene styrene. The production in Japan and Taiwan is scheduled to begin in the first half of 2023

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Acrylonitrile Butadiene Styrene Market Segmentation

Grand View Research has segmented the global acrylonitrile butadiene styrene market based on type, application, and region:

Acrylonitrile Butadiene Styrene Type Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

• Opaque
• Transparent
• Colored

Acrylonitrile Butadiene Styrene Application Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

• Appliances
• Electrical and Electronics
• Automotive
• Consumer Goods
• Construction
• Others

Acrylonitrile Butadiene Styrene Regional Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • GCC Countries
  • South Africa

List of Key Players of Acrylonitrile Butadiene Styrene Market

• LG Chemicals
• Asahi Kasei Corporation
• CHIMEI
• Formosa Plastics Corporation
• KUMHO PETROCHEMICAL
• SABIC
• Trinseo
• INEOS Styrolution Group GmbH
• BASF SE
• DuPont

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Digital X-ray Devices Market to Reflect Robust Expansion During 2023-2030: Grand View Research Inc.

 Digital X-ray Devices Market Growth & Trends

The global digital X-ray devices market size is anticipated to reach USD 4.5 billion by 2030, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.0% during the forecast period. Factors, such as the increasing prevalence of chronic disorders, rapid technological advancements, and increasing patient understanding of early diagnostic techniques, are all augmenting the industry's growth. The lightweight, wireless, and robust cassette-sized detector used in DR technology, which can transform analog X-rays into complete digital radiography solutions, makes it an effective technology. With the use of this technology, digital X-ray images are produced, which eliminates the need for film or Computed Radiography (CR) plates.

In addition, compared to its digital counterpart, film-based traditional radiography requires more manpower, and even the consumables utilized are more expensive. Chronic diseases, such as cancer, cardiovascular, COPD, CKD, and diabetes, are the major causes of death among adults in developing as well as developed countries. According to the WHO, chronic disorders account for about 41 million deaths globally, which is equivalent to 74% of all fatalities worldwide. Digital X-ray technology helps in the early intervention of such disorders, thus boosting its demand. Moreover, compared to traditional X-rays, this technology provides a number of benefits including 70% less radiation, better image quality, and less acquisition time.

Rapid technological advancements, such as the integration of Artificial Intelligence (AI), reduced X-ray dosage exposure, and high-resolution imaging is also expected to accelerate industry growth. For instance, in October 2021, Samsung partnered with VUNO, a South Korean AI medical software firm, to integrate VUNO’s AI-assisted solutions into Samsung’s digital radiography system. The key industry players are implementing various strategies including mergers & acquisitions, partnerships, collaborations, and expansions to gain higher market shares. For instance, in April 2022, Samsung introduced the GM85 Fit, a mobile digital radiography device. This system is anticipated to support effective and efficient patient care.

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Digital X-ray Devices Market Report Highlights

• Based on portability, the fixed digital X-ray segment accounted for the largest revenue share in 2022 owing to the introduction of technologically advanced devices
• The mobile digital X-ray segment is expected to register the fastest CAGR during the forecast period
• The general imaging segment held the largest revenue share in 2022 due to the growing adoption of X-ray devices for general imaging
• The diagnostic imaging centers segment is expected to grow at the fastest CAGR over the forecast period owing to its numerous advantages over hospitals
• Asia Pacific has been estimated to be the fastest-growing region due to the presence of a large pool of patients, increasing healthcare awareness, and rising government funding for R&D & upcoming research projects

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Digital X-ray Devices Market Segmentation

Grand View Research has segmented the global digital X-ray devices market on the basis of portability, application, end-use, and region:

Digital X-ray Devices Portability Outlook (Revenue, USD Million, 2018 - 2030)

• Fixed
• Mobile

Digital X-ray Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• General Imaging
• Orthopedic
• Dental
• Mammography

Digital X-ray Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Diagnostic Imaging Centers
• Dental Care Centers

Digital X-ray Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Digital X-ray Devices Market

• GE Healthcare
• Siemens Healthineers AG
• Philips Healthcare
• Canon Medical Systems Corp.
• Carestream Health
• Fujifilm
• Mindray Medical International
• Shimadzu International
• Samsung Medison
• Boston Imaging

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Pasta and Noodles Market is Projected To Grow Moderately at 3.5% CAGR through 2030: Grand View Research Inc.

 

Pasta And Noodles Market Growth & Trends

The global pasta and noodles market size is expected to reach USD 109.52 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a 3.5% CAGR from 2023 to 2030. The demand for ready-to-cook products is propelled by the rising adoption of western and international cuisines across the globe on the back of the growing demand for convenient food products. The presence of healthier options such as rice mixes with superfoods and nutrient-dense ingredients with a shift towards higher protein and higher fiber intake in pasta and noodles will contribute to growth.

Increasing inclination toward healthy eating is driving the demand for gluten-free, fat-free, and vegan pasta and noodles. Growing consumer interest in ethnic cuisines is driving innovation in the category, with wider availability on the shelves of ethnic references, such as exotic rice and noodles, which are proving popular among consumers across the globe, particularly in China and the U.S. The trend towards premium references has created growth in global sales as consumers seek to experiment with flavors and high-quality ingredients in pasta and noodles.

The instant pasta and noodles segment accounted for a significant share of the global revenue pie for 2021 and is expected to maintain dominance over the forecast period. An increasing global workforce and consumers with busier lifestyles are driving demand for convenient options, such as chilled pasta and instant noodles, which save time in meal preparation. Nowadays, consumers shopping more frequently, buying less per trip is expected to boost sales of instant pasta and noodles.

The offline channel contributed a majority of the share to become the largest division in the global revenue in 2021. The offline stores including supermarkets, hypermarkets, grocery stores, and convenience stores provide dedicated shelf spaces that offer different varieties of pasta and noodles. The increase in penetration of major supermarkets & hypermarkets across the globe is gaining the attention of consumers for the purchase of pasta and noodles which is expected to provide significant growth opportunities in the upcoming years.

The market is consolidated with the presence of a large number of international players and few regional players.

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Pasta And Noodles Market Report Highlights

• Asia Pacific is expected to contribute a significant share to become the largest segment in 2021 owing to increasing acceptance of western & international cuisines and convenient food products among consumers in China, India, and Japan
• The frozen & canned pasta and noodles is anticipated to grow at a CAGR of 3.1% as the consumption of shelf-stable and convenient food products increased during the pandemic
• The online segment is anticipated to grow at the fastest CAGR of 5.4% owing to the availability of a dynamic range of pasta and noodles from international and local brands online

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Pasta And Noodles Market Segmentation

Grand View Research has segmented the global pasta and noodles market based on product, distribution channel, and region:

Pasta And Noodles Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Dried
• Instant
• Frozen & Canned

Pasta And Noodles Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Online
• Offline

Pasta And Noodles Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List Of Key Players in the Pasta And Noodles Market

• Nestlé
• Barilla Group
• ITC
• The Kraft Heinz Company
• Unilever
• Toyo Suisan Kaisha, Ltd.
• Nissin Foods Holdings Co.,Ltd.
• Campbell Soup Company
• Conagra Brands, Inc.
• TreeHouse Foods, Inc.
• Ebro Foods, S.A.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.