Shea Butter Market Expected to Deliver Dynamic Progression By 2030

 Shea Butter Market Growth & Trends

The global shea butter market size is expected to reach USD 3.75 billion by 2030, according to a new report 7.1% by Grand View Research, Inc. The shea butter industry is expected to expand at a CAGR from 2023 to 2030. Shea butter exhibits functional and enhanced nutritional properties, which fuel its demand in various industries such as food, cosmetics & personal care, among others.

For instance, shea butter can be used as a natural antioxidant, trans-fat-free edible oil, food additive, and functional food ingredient. Furthermore, the surge in consumer demand for plant-based ingredients in skin care products is expected to increase the sales of shea butter over the forecast period.

The increasing emphasis on reformulating hair care products to make them healthier is expected to open new avenues for the shea butter industry across the globe. Hence, this will provide ample opportunities for major manufacturers in the market to formulate hair care products such as shampoos, conditioners, and serums, majorly using shea butter as their major ingredient. For instance, in May 2022, SheaMoisture revamped Raw Shea Butter Deep Moisturizing Collection made with - raw shea butter, sea kelp, and argan oil.

The raw and unrefined shea butter segment was the largest in 2022 and is expected to maintain dominance in the forecast period. This growth can be attributed to the high demand for unrefined shea butter in the cosmetic industry to manufacture better quality products such as lotions, lip balms, and other products made from unrefined shea butter. For instance, in July 2019, ONIC launches its new product, Cleopatra Raw Unrefined Shea butter in 100g Jar for consumers who are looking for premium virgin ivory pure unrefined shea butter.

The cosmetics & personal care segment held the largest market share in 2022. This can be attributed to the high product demand in this sector. Moreover, cosmetics companies are investing more in R&D to introduce new and more effective products containing shea butter. This is also likely to have a positive impact on segment growth. Increasing demand for anti-aging and skin conditioning products will boost the segment’s growth further. For instance, in October 2022, Bliss launched an antioxidant-rich formula body lotion. The product is said to contain anti-aging ingredients like vitamins B3, C, and E, plus shea butter. The shea butter industry is fragmented in nature, with a major share almost equally divided among key players in the market

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Shea Butter Market Report Highlights

• Europe is expected to contribute a majority of the share to become the largest division in the global revenue in 2022 owing to the rising consumer awareness regarding natural ingredients in personal care products
• The raw and unrefined shea butter segment is projected to register faster growth during the forecast period as it maintains much more skincare benefits and vitamins, thus fulfilling the demand of consumers for healthier alternatives in skin care products
• Cosmetics & personal care is predicted to hold the largest market share during the forecast period owing to the wide use of shea butter in products such as moisturizers, anti-aging creams, and sun creams

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Shea Butter Market Segmentation

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

Shea Butter Product Outlook (Revenue, USD Million, 2017 - 2030)

• Raw & Unrefined
• Refined

Shea Butter Application Outlook (Revenue, USD Million, 2017 - 2030)

• Cosmetics & Personal Care
• Food
• Others

Shea Butter Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Shea Butter Market

• BASF SE
• Olvea Group
• Sophim S.A.
• Cargill, Inc.
• Suru Chemicals
• Ghana Nuts Company Ltd.
• Croda International Plc
• Agrobotanicals, LLC
• Clariant AG
• AAK AB

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.

Next-generation Sequencing Library Preparation Market With Strong Application and Scope By 2030

 Next-generation Sequencing Library Preparation Market Growth & Trends

The global next-generation sequencing library preparation market size is expected to reach USD 3.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 13.16% from 2023 to 2030, owing the to increasing prevalence of genetic diseases, decreasing costs of sequencing, and rising usage of NGS in disease diagnostics. Moreover, numerous market players offer a broad spectrum of solutions for NGS library preparation to suit the specific requirements of NGS-based analysis.

Advancements in sequencing technology boost the demand for disease panels. NGS libraries are prepared by using nucleotide amplification and sequencing of a specific gene that is causative of a disease condition. The disease diagnosis panels are precisely designed to analyze specific genetic characteristics of a disease condition. For instance, in February 2022, the OncoDNA introduced OncoDEEP kit for analysis of translocations, somatic variants, genomic signatures and predictive biomarkers to aid cancer therapy. The kit also effectively measures tumor mutational burden, microsatellite instability, and loss of heterozygosity.

The COVID-19 pandemic had a significant impact on the adoption of sequencing technology for metagenomics and diagnostics. Furthermore, several key players launched their NGS-based diagnostic tests for COVID-19 and other viral infections. For instance, in April 2021, QIAGEN N.V. released its first-ever QIAseq SARS-CoV-2 diagnostic kit, to be used for the enrichment of the COVID-19 genome and library preparation solution to yield a sequence of the SARS-CoV-2 genome.

Moreover, the growing incidence of diseases and the demand for novel drug discovery, collectively foster the growth of the market. For instance, in September 2022, IDT launches an NGS library preparation solution, xGen monkeypox virus amplicon panel for the precise detection of monkeypox viral infection by genotyping using viral DNA by construction of an NGS library.

Whole-Exome Sequencing is essentially used for the detection of rare genetic disorders by detecting expressive biomarkers that feature mutations, that are causative of various disease conditions. Further, the Whole-Genome Sequencing (WGS) is used for the detection of novel genetic mutations in rare diseases. For instance, in January 2022, researchers at the University of Stanford secured a first-ever Guinness record for a sequencing technique by sequencing a whole human genome in the least turnaround time with a record diagnostic rate for rare disease diagnosis.

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Next-generation Sequencing Library Preparation Market Report Highlights

• By sequencing type, targeted genome sequencing is expected to occupy the larger share in NGS library preparation market due to demand for disease specific analysis of the genome sequence that can cause the disease condition.
• Based on product, the reagents & consumables segment is expected to occupy the bigger share of market space due to the utilitarian benefits that an NGS library preparation kit could offer researchers and clinicians. Ready-to-use NGS library preparation kits require less expertise and bare minimal laboratory infrastructure.
• By application, the drug & biomarker discovery segment dominated the market due to the rise in demand for the discovery of novel drugs and biomarkers for a broad spectrum of disease conditions.
• By end use, Hospital & Clinics segment is expected to grow rapidly over the forecast period owing to the rise in the incidence of cancer, genetic disorders, and other diseases across the globe. The rise in genetic level understanding also positively impacts the growth of this segment.
• North America dominated the global NGS library preparation market in 2022, owing to the rising prevalence of diseases, increasing demand for early diagnosis, the need for genome sequencing, and the presence of key market players.
• Key players in the NGS library preparation market include Agilent Technologies, Inc., Integrated DNA Technologies, F. Hoffmann-La Roche AG, Inc., Illumina, Inc., Beckman Coulter Inc. (Danaher Corporation), Becton, Merck KGaA, Dickinson and Company, New England Biolabs, Inc., PerkinElmer Inc., QIAGEN N.V., Pacific Biosciences of California.

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Next-generation Sequencing Library Preparation Market Segmentation      

For this report, Grand View Research has segmented the global next-generation sequencing library preparation market based on sequencing type, products, application, end-use, and region.

Next-generation Sequencing Library Preparation Sequencing Type Outlook (Revenue, USD Million, 2018 - 2030)

• Targeted Genome Sequencing
• Whole Genome Sequencing
• Whole Exome Sequencing
• Other Sequencing Types

Next-generation Sequencing Library Preparation Products Outlook (Revenue, USD Million, 2018 - 2030)

• Reagents & Consumables
  • DNA Library Preparation Kits
  • Library Preparation Kits
  • RNA Library Preparation Kits
  • Other Reagents & Consumables
• Instruments

Next-generation Sequencing Library Preparation Application Outlook (Revenue, USD Million, 2018 - 2030)

• Drug & Biomarker Discovery
• Disease Diagnostics
  • Cancer Diagnostics
  • Reproductive Health Diagnostics
  • Infectious Disease Diagnostics
  • Other Disease Diagnostic Applications
• Others

Next-generation Sequencing Library Preparation End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals and Clinics
• Academic and Research Institutions
• Pharmaceutical and Biotechnology Companies
• Others

Next-generation Sequencing Library Preparation Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Next-generation Sequencing Library Preparation Market

• Agilent Technologies, Inc.,
• Integrated DNA Technologies,
• Hoffmann-La Roche AG, Inc.,
• Illumina, Inc.,
• Beckman Coulter Inc. (Danaher Corporation),
• Becton
• Merck KGaA,
• Dickinson and Company
• New England Biolabs Inc.,
• PerkinElmer Inc.,
• QIAGEN N.V.,
• Pacific Biosciences of California, Inc.,
• Thermo Fisher Scientific Inc.,
• Tecan Group Ltd.

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.

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-attention-deficit-hyperactivity-disorder-adhd-market

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-satellite-internet-market

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-diagnostic-enzymes-market

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.