Global Pet Supplements Market to Account for $3.73 Billion by 2030: Grand View Research Inc.

 Pet Supplements Market Growth & Trends

The global pet supplements market size is expected to reach USD 3.73 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 5.9% from 2024 to 2030. Increasing adoption of pets globally is driving the demand for pet supplements. For instance, according to the U.S. Pet Food Industry’s pet ownership study, pet ownership rose from 67.0% of households in 2018 to an all-time high of 70% in 2020, as confirmed by the American Pet Product Association (APPA). These statistics foretell high market growth over the forecast period.

In addition, pet ownership is a common practice in various countries across the globe. For instance, according to the National Pet Owners Survey 2021-2022, 90.5 million U.S. families own a pet. With such pet ownership patterns in various countries, people are spending on pet supplements owing to their various health benefits. These supplements enhance concentration, focus, and energy levels in pets, strengthen their immune system, and improve heart health.

Based on the type, the over-the-counter (OTC) segment dominated the market and is anticipated to show similar trends during the forecast period. Numerous over-the-counter pet supplements are available which either support a particular aspect of a pet's health or provide specific nutrients. Moreover, these supplements are popular and readily & easily available at a relatively affordable price. Additionally, a wide range of pet supplements is available through various distribution channels, including online retailers, supermarkets & hypermarkets, and pet stores,.

Based on the pet type, the dogs segment held the largest revenue share in 2023 and is expected to maintain its dominance over the forecast period. Dogs are officially a man’s best friend, with more than half the world owning a dog as a pet. Increasing health concerns and overcoming pets’ health issues have allowed consumers to opt for pet supplements with complete nutritious food like vitamins and minerals. For instance, according to a study conducted by non-profit organization Kinship Partners, in February 2021, nearly 77% of pet owners in the U.S. were concerned about their pets’ health, which has substantially fueled the market growth.

Based on the form, the pills/tablets segment is projected to witness a significant growth of 6.2% during the forecast period from 2024 - 2030. Pills/tablets offer a timed release of medication, which is helpful for pets with finicky stomachs. They are also easy to carry anywhere and convenient. Such factors drive the market growth for pet supplements in pill/tablet form. Product manufacturers offer these pills/tablets in several flavors and distinctive odors, making it easier for pets to consume them, driving the segment growth.

Based on the application, digestive health segment is predicted to grow at a considerable rate of 6.6% during the forecast period. A major health problem for dogs and cats is improper digestive system function. Often, pets fall sick due to various allergies, sudden changes in the diet, or infections; hence, customers are increasingly investing in supplements. In general, supplements improving digestive health are adopted by pet owners globally. For instance, in February 2021, the Boss Dog brand launched new raw frozen meal products for dogs, which include digestive supplements and health solutions for pets.

Based on the distribution channel, the offline segment dominated the market and held the largest revenue share in 2023. Increasing consumer interest in pet nutrition and diets encourages offline retailers to stock their shelves with high-quality supplements from high-end brands. Pet owners are much more aware of the ingredients in their pet supplements, so retailers are responding to the same. For instance, Kroger has a pet department and sells a range of supplements concerning health issues such as anxiety, eye care, and hip and joint health.

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Pet Supplements Market Report Highlights

• The prescription segment is expected to register the fastest growth during the forecast period, as they are safe, effective, and backed by clinical trials and scientific research, resulting in increased adoption and market growth
• The cat segment is projected to register the fastest growth over the forecast period, with a rise in the adoption of these animals as pets and the availability of cat wellness and care products globally
• The powder segment is anticipated to register the fastest growth during the forecast period, owing to its quick and easy absorption properties among pet animals
• The skin and coat segment is projected to register the fastest growth during the forecast period from 2024 to 2030 due to increasing skin-related problems leading to loss of body hairs among these animals
• The online channel is anticipated to register the fastest growth during the forecast years owing to promising growth exhibited by e-commerce platforms, including Amazon, Walmart, Alibaba, and other service providers
• Asia Pacific is expected to register the fastest growth during the forecast period. The growing trend of pet humanization, coupled with the rising awareness of pet dietary supplements formulated to enhance their immune systems and drive the market growth

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Pet Supplements Market Segmentation

Grand View Research has segmented the global pet supplements market based on type, pet type, form, application, distribution channel, and region:

Pet Supplements Type Outlook (Revenue, USD Million, 2018 - 2030)

• Over-the-counter (OTC)
• Prescription

Pet Supplements Pet Type Outlook (Revenue, USD Million, 2018 - 2030)

• Dogs
• Cats
• Others

Pet Supplements Form Outlook (Revenue, USD Million, 2018 - 2030)

• Pills/Tablets
• Chewables
• Powders
• Others

Pet Supplements Application Outlook (Revenue, USD Million, 2018 - 2030)

• Skin & Coat
• Hip & Joint
• Digestive Health
• Immune Support
• Weight Management
• Oral/Dental Health
• Heart Health
• Cognitive Function
• Calming/ Anxiety & Stress Relief
• Muscle & Performance
• Eye Health
• Kidney & Liver Support
• Multivitamins
• Allergy Relief

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

• Online
• Offline
  • Hypermarkets & Supermarkets
  • Pet Specialty Stores
  • Pharmacy & Drug Stores
  • Convenience Stores
  • Others

Pet Supplements Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Pet Supplements Market

• Nestlé S.A.
• FoodScience Corporation
• Ark Naturals
• NOW Foods
• Virbac
• Zoetis, Inc.
• Mars, Incorporated
• Pet Honesty
• Nutramax Laboratories, Inc.
• Zesty Paws

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.

Polyisobutylene Market is Estimated To Reach A Valuation of $2.53 Billion by 2028: Grand View Research Inc

 Polyisobutylene Market Growth & Trends

The global polyisobutylene market size is expected to reach USD 2.53 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.0% from 2021 to 2028. The market is anticipated to expand in the years to come due to the growth of the automotive, electrical and electronics, food packaging, and building and construction industries across the globe.

Polyisobutylene exhibits low gas and moisture permeability, high thickening efficiency, good shear stability, good electrical insulation, adhesive, and tackifier properties, and resilience to UV. These properties make it suitable to manufacture filler compounds, adhesives, and sealants, tubeless tire inner lining, lubricants additives, fuel additives, wrap films, and cable insulation materials.

Major players are entering into partnerships to increase the polyisobutylene manufacturing capacity. For instance, in January 2019, Saudi Aramco and TotalEnergies entered into an agreement with Daelim Co., Ltd. to build a new polyisobutylene plant, which is expected to come on-stream in 2024. The facility will be located in Saudi Arabia and will give Daelim Co., Ltd. the opportunity to service customers in the Middle East and markets across Europe and Asia.

Polyisobutylene manufacturers are tapping the political scenarios in the region and engaging with governments to strengthen their foothold in the market. For instance, in March 2021, Kothari Petrochemicals received consent to operate for expansion from the Pollution Control Board in India. This expansion consent obtained from the government agency is expected to increase the production capacity of polybutylene.

Key polyisobutylene manufacturers are carrying out different marketing initiatives to increase their brand presence in the market. For instance, in August 2021, Chevron Oronite, a part of Chevron Corporation, sponsored and exhibited their products, including polyisobutylene, dispersants, PIBSA, and other products at the Specialty & Agro Chemicals America conference. Such initiatives are expected to result in promoting their brand in the market for polyisobutylene.

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Polyisobutylene Market Report Highlights

• The automotive rubber components application segment is expected to register the highest revenue-based CAGR of 5.0% over the forecast period. This is attributed to the use of polyisobutylene in the inner lining of tubeless tires, which is expected to be driven by the growing demand for passenger and commercial vehicles
• By product, high molecular weight polyisobutylene dominated the market and accounted for more than 65.0% share of the overall revenue in 2020. This is attributed to its use in adhesives, fuel and lubricant additives, food-grade packaging films, and automotive rubber applications
• The increasing demand for tubeless tires in the automotive industry and the rising demand for lubricant additives are expected to drive the market for polyisobutylene
• Asia Pacific accounted for more than30.0% share of the overall revenue in 2020. This can be credited to the increasing demand for polyisobutylene from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India

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Polyisobutylene Market Segmentation

Grand View Research has segmented the global polyisobutylene market on the basis of product, application, and region:

Polyisobutylene Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• High Molecular Weight
• Medium Molecular Weight
• Low Molecular Weight

Polyisobutylene Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Adhesives & Sealants
• Automotive Rubber Components
• Fuel Additives
• Lubricant Additives
• Others

Polyisobutylene Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Italy
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Polyisobutylene Market

• BASF SE
• Daelim Co., Ltd.
• TPC Group
• INEOS
• Kothari Petrochemicals
• Braskem
• ENEOS Corporation
• Zhejiang Shunda New Material Co., Ltd.
• Shandong Hongrui New Material Technology Co., 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.

Underwater Communication System Market Expected To Propel Industry Growth By 2030: Grand View Research Inc.

 Underwater Communication System Market Growth & Trends

The global underwater communication system market size is expected to reach USD 7.20 billion by 2030, registering a CAGR of 10.3% during the forecast period, according to a new report by Grand View Research, Inc. Underwater communication is a way of transmitting and receiving messages beneath the water surface. The use of acoustic waves rather than electromagnetic messages distinguishes underwater acoustic communication from terrestrial communication. The worldwide underwater acoustic communication market is being driven by increased undersea research operations, notably for environmental protection.

Underwater communications are classified into two types, namely, hardwired and wireless. Data is transported by cable in a hardwired connection. By removing the impact of outside elements, hardwired communications, comparable to a landline phone, provide the highest quality and most dependable kind of underwater communications. Water is used to convey data in wireless communication. Underwater wireless communications are used for environmental monitoring, underwater exploration, and scientific data collection.

One of the primary causes for the expansion of underwater communication systems is an increase in defense spending by various countries. Threats, concerns about disputed territories, and security concerns have led to an increase in worldwide defense spending. The naval defense system relies heavily on underwater communication for safety and dependability. It is used by the military to detect incursions and perform underwater surveillance.

The following are some of the benefits of an underwater communication system:

• Economy: Underwater communication systems are helpful for business applications, notably in the oil and gas industry. The ocean is rich with resources, and these systems are utilized to explore these riches. AUVs are employed in the oil and gas business, for example, to map the seabed before operations. This will keep these oil and gas professionals updated as they build pipelines and other infrastructure. This guarantees that their infrastructure is built without harming the environment.
• Scientific Exploration and Data Collecting: These systems are also highly valuable to research because they are utilized for underwater exploration and data collection. It is employed in subjects such as marine biology, archaeology, and oceanology. The undersea discoveries might be valuable to the health sector as well as in the development of current innovations.
• Environmental Monitoring: Underwater communication systems aid the government in environmental monitoring. The activities of corporations in the oil and gas sector can be monitored in terms of how they affect the environment. Environmental contamination may also be monitored and managed with these methods. Climate change is also detectable. Natural catastrophes can also be predicted by detecting early warning indications with these technologies. This minimizes the risk of such calamities occurring.
• Autonomous underwater vehicles have also been used to locate wrecked aircraft and investigate the reasons for their crashes. The development of communication systems has led to the finding of the Titanic's wreckage as well as the discovery of hydrothermal vents in the deep ocean. These devices identify items that help in mapping and discovery underwater. They are also quite dependable for rescue operations.
• In July 2022, the EU-funded SEASTAR project, a revolutionary idea that has the potential to revolutionize the aquaculture business. SEASTAR tackles the sector's lack of total digitalization, compelling aquaculture operators to perform and monitor daily responsibilities manually or by using costly in-situ interventions. SEASTAR offers operators state-of-the-art internet of things(IoT) technology with miniature wearable sensors that are put on fish. The resulting system provides an innovative underwater wireless monitoring arrangement, allowing fish farmers to remotely monitor fish health in real-time and collect relevant data (cage structural integrity and water quality) for better forecasting, risk assessment, and management for the first time.

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Underwater Communication System Market Report Highlights

• The demand for underwater acoustic sensors to analyze various concentrations of pollution from chemical, biological, and radioactive contaminants is anticipated to propel the demand for underwater acoustic communication technology. Underwater acoustic digital signal processors and communications are a growing subject of applied research
• In August 2022, Stanford University researchers developed a robot capable of diving deep into sunken planes and ruins. Its operators can have the same sense as OceanOneK's underwater trips. OceanOneK's 3D camera catches the underwater environment in vivid color, and its arms and hands can reach those of a diver
• The wireless segment is estimated to hold the major market share and expand at a CAGR of 10.6% from 2023 to 2030
• The oceanography segment is projected to grow at the highest CAGR over the forecast period
• The military & defense segment is expected to grow at the highest CAGR over the forecast period.

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Underwater Communication System Market Segmentation

Grand View Research has segmented the global underwater communication system market based on component, connectivity, application, end-user, and region:

Underwater Communication System Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

Underwater Communication System Connectivity Outlook (Revenue, USD Million, 2017 - 2030)

• Hardwired
• Wireless

Underwater Communication System Application Outlook (Revenue, USD Million, 2017 - 2030)

• Climate Monitoring
• Environmental Monitoring
• Hydrography
• Oceanography
• Pollution Monitoring
• Others

Underwater Communication System End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Marine
• Military & Defense
• Oil & Gas
• Scientific Research & Development
• Others

Underwater Communication System Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Underwater Communication System Market

• Kongsberg Maritime
• L3Harris Technologies, Inc.
• Thales
• Saab AB
• Teledyne Marine Technologies Incorporated.
• Ultra
• Sonardyne
• Underwater Wireless Modem & Communication Devices
• Undersea Systems International, Inc.
• Sea and Land Technologies Pte Ltd.
• EvoLogics GmbH
• HYDROMEA

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.

Smoothies Market to Witness Exponential Growth by 2030: Grand View Research Inc.

 Smoothies Market Growth & Trends

The global smoothies market size is expected to reach USD 23.08 billion by 2030, growing at a CAGR of 9.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global rise in smoothie consumption is driven by a synergy of health and convenience trends. As consumers increasingly prioritize healthier lifestyles, smoothies represent a convenient and nutritious option, offering a blend of fruits, vegetables, and often protein-rich additives. The growing awareness of the importance of a balanced diet and the desire for on-the-go nutrition is expected to drive the popularity of smoothies as a quick and easy way to meet nutritional goals.

The market for smoothies has experienced significant growth in recent years, driven by increasing consumer awareness of health and wellness. As people became more conscious of their dietary choices, the demand for nutritious and convenient food and beverage options has risen. Smoothies, with their blend of fruits, vegetables, and often added supplements, cater to this demand by offering a quick and tasty way to consume essential nutrients. The penetration of smoothies into mainstream consumer preferences is evident, as they are now commonly found in cafes, juice bars, and even as pre-packaged products in grocery stores.

Manufacturers are responding to these evolving preferences by launching products that align with various health goals. For instance, in October 2022, Blender Bites, a frozen food brand, emphasized immunity support through the launch of a new product. Known for producing premium, organic, and plant-based pre-portioned frozen functional foods, especially for smoothies, the brand introduced Daily Defen-C, an innovative smoothie designed to boost immunity through high levels of vitamin A, a natural supporter of immune system function. The smoothie is also rich in vitamins C and E and includes a blend of 15 organic vitamins and minerals. To align with current health trends, Daily Defen-C incorporates popular ingredients like ginger, turmeric, and probiotics, providing a comprehensive and health-conscious option for consumers.

The market players are also targeting consumers who prioritize health-conscious and nutrient-rich options for their babies and toddlers. For instance, in January 2023, Serenity Kids, a prominent shelf-stable baby and toddler food brand, unveiled four new Dairy-Free Smoothie + Protein pouch varieties. These groundbreaking baby food products were the first in the market to incorporate protein from grass-fed collagen. The innovative flavors are Berry Butternut, Sweet Potato Spice, Pumpkin Spice, and Carrot& Beet, each offering high-quality and nutrient-rich options for babies and toddlers.

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Smoothies Market Report Highlights

• Based on product, the fruit-based smoothie segment dominated with a revenue share of 51.6% in 2023. Fruits are widely recognized for their nutritional content, including essential vitamins, minerals, and antioxidants. This has led consumers to often associate fruit-based smoothies with health and wellness.
• The sales of smoothies through smoothie bars accounted for a 44.0% of the revenue share in 2023. Smoothie bars offer consumers the option to customize their drinks by choosing specific fruits, vegetables, bases, and add-ins.
• North America dominated the market with a revenue share of 45.5% in 2023. The increasing popularity of healthy beverages in North America is significantly contributing to the growth regional market.

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Smoothies Market Segmentation

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

Smoothies Product Outlook (Revenue, USD Million, 2018 - 2030)

• Fruit-based
• Dairy-based
• Others

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

• Restaurants
• Smoothie Bars
• Supermarkets & Convenience Stores
• Others

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

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

List of Key Players in the Smoothies Market

• Barfresh Food Group, Inc.
• Bolthouse Farms
• Ella’s Kitchen Ltd
• innocent ltd
• Jamba Juice LLC
• Maui Wowi Hawaiian Coffees & Smoothies
• Smoothie King
• Suja Juice
• Tropical Smoothie Café
• The Smoothie Company

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.

High Performance Message Infrastructure Market to Partake Significant Development During 2023 to 2030: Grand View Research Inc.

 

High Performance Message Infrastructure Market Growth & Trends

The global high performance message infrastructure market size is expected to reach USD 3.34 billion by 2030, registering a CAGR of 15.5% during the forecast period, according to a new report by Grand View Research, Inc. The increase in the adoption of IoT platforms is one of the key factors driving the market. Additionally, the development of enhanced IT infrastructure is driving the demand for high-performance message infrastructure platforms and services. In addition, the growing need to handle message distribution and communication across distributed applications is expected to drive the growth of the market during the forecast period.

High-performance message infrastructure is a technology that provides a single shared messaging provision for a safe, easy, enhanced, and efficient integration of applications and services on numerous platforms. Moreover, even in fluctuating connectivity circumstances, a high-performance message infrastructure allows users to ensure uninterrupted functioning of the systems and avoid information loss. The growing awareness about cloud-based solutions among enterprises is contributing to the growth of the market. Enterprises are scouting for a steady and uninterrupted storage solution to back up the message queue.

The subsequent lockdowns, travel bans, restrictions on the movement of people, and business shutdowns took a severe toll on the global economy and affected several businesses worldwide. However, high-performance message infrastructure solutions continued to be implemented by several corporations throughout the world to manage high payload data transfer rates and high message rates. The outbreak of the COVID-19 pandemic is particularly prompting organizations to prefer cloud-based solutions over on-premise solutions. Cloud-based solutions provide several benefits in terms of scalability, security, data transmission rate, and ease of installation, among others. The growing demand for cloud-based solutions is creating new opportunities for the growth of the market.

The market has also benefitted from the high adoption of hybrid solutions and integration platforms, which, in turn, is contributing to the increasing investments in online high-performance message infrastructure components. Growing internet and smartphone penetration rate, the rising preference for cloud-based solutions, and the strong emphasis organizations are putting on making data-driven decisions for business growth are encouraging high performance message infrastructure providers to offer advanced solutions in line with the increasing demand. The growing adoption of chat applications is particularly prompting market players to launch solutions that can potentially ensure seamless communication between the endpoints without compromising on security.

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High Performance Message Infrastructure Market Report Highlights

• The service segment is anticipated to register the highest growth rate during the forecast period.The growing dependency of organizations on outsourcing IT services has further created traction in the market, thereby contributing to segment growth
• The transportation and logistics segment is anticipated to register the highest growth rate during the forecast period.Growing advancements in technology, and the rising urge to deploy innovative maintenance management solutions to save time, money, and reduce asset breakdowns and failures are driving the adoption of high-performance message infrastructure solutions in this segment
• Asia Pacific is anticipated to witness the highest CAGR during the forecast period. Due to the benefits provided by advanced message infrastructure solutions, the Asia Pacific market is anticipated to witness significant demand for these solutions during the forecast period

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High Performance Message Infrastructure Market Segmentation

Grand View Research has segmented the global high performance message infrastructure market report based on component, industry vertical, and region:

High Performance Message Infrastructure Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Services

High Performance Message Infrastructure Industry Vertical Outlook (Revenue, USD Million, 2018 - 2030)

• BFSI
• IT & telecom
• Government
• Retail
• Energy & utilities
• Transportation & logistics
• Others

High Performance Message Infrastructure Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the High Performance Message Infrastructure Market

• Amazon Web Services, Inc.
• Confinity Solutions GmbH
• IBM Corporation
• MuleSoft LLC
• Oracle
• Red Hat, Inc.
• SAP SE
• Solace
• TIBCO Software Inc.
• TWILIO 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.

Antibiotic Resistance Market Outlook, Leading Manufacturers, Industry Analysis And Forecast: Grand View Research Inc.

 Antibiotic Resistance Market Growth & Trends

The global antibiotic resistance market size is expected to reach USD 12.48 billion by 2030, registering a CAGR of 5.27% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rise in the number of antibiotic-resistant infections due to misuse or overuse of antibiotics is a major factor attributing to market growth. Moreover, the increasing patient base across the globe and high costs associated with the treatment of diseases is anticipated to boost the market growth over the forecast period.

The prevalence of gram-negative infections is increasing at an alarming rate. These infections have lesser treatment options available in the market. The high unmet needs result in high demand for new therapies and, therefore, small and medium-sized pharmaceutical companies are actively involved in the development of novel treatment options. Moreover, the government and other organizations are also aiding research activities to drive the development of innovative therapies.

Multiple mid-level biotechnology companies have entered the arena with targeted therapies for antibiotic-resistant infections. Various manufacturers are developing therapies, especially for drug-resistant infections, that target a smaller population subset.

The U.S. government in alliance with BARDA is supporting several companies to boost the development of new therapies for antibiotic-resistant diseases. BARDA has also been associated with pharmaceutical companies such as GSK; Tetraphase; Basilea; Astra Zeneca; and many more. Many countries and international organizations have formed dedicated groups or alliances to monitor and study the pattern of drug-resistant infections.

For instance, the WHO has introduced the Global Antimicrobial Resistance Surveillance System (GLASS) to monitor antibiotic-resistant infections at a global level. Similarly, the Public Health Agency of Canada has introduced the Canadian Antimicrobial Resistance Surveillance System (CARSS) to study drug-resistant infections pattern at the country level.

However, according to a review published by WHO in March 2023, the antibiotics pipeline activities are limited, with only 12 new antibiotics being approved between 2017 and 2021. The review further stated that there are only 27 new candidates under development, out of which only 6 are considered “innovative” enough to be capable of overcoming antibiotic resistance as defined by WHO.

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Antibiotic Resistance Market Report Highlights

• In 2023, cUTI accounted for the largest market share and is anticipated to maintain its dominance in the global market in the coming years
• Combination drugs are expected to grow at the fastest CAGR over the forecast period
• North America dominated the antibiotic resistance industry in 2023. The target goals set by the U.S. national action plan in response to the significant burden of resistant gram-positive and negative infections is the key factor driving the market
• Asia Pacific is set to witness the fastest growth over the forecast period due to excessive consumption of antibiotics, advancements in technology, and growing awareness about antibiotic resistance testing, treatment, & management of the same.

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Antibiotic Resistance Market Segmentation

Grand View Research has segmented the global antibiotic resistance market based on disease, pathogen, drug class, mechanism of action, distribution channel, and region:

Antibiotic Resistance Disease Outlook (Revenue, USD Million, 2018 - 2030)

• cUTI (Complicated Urinary Tract Infections)
• CDI (Clostridioides difficile Infection)
• ABSSSI (Acute bacterial skin and skin structure infections)
• HABP (Hospital-acquired bacterial pneumonia)
• CABP (Community-acquired pneumonia)
• cIAI (Complicated intra-abdominal infection)
• BSI (Bloodstream infection)

Antibiotic Resistance Pathogen Outlook (Revenue, USD Million, 2018 - 2030)

• coli
• pneumoniae
• aeruginosa
• aureus
• baumannii
• pneumoniae
• influenzae
• difficile
• faecium

Antibiotic Resistance Drug Class Outlook (Revenue, USD Million, 2018 - 2030)

• Oxazolidinones
• Lipoglycopeptides
• Tetracyclines
• Combination therapies
• Cephalosporins
• Others

Antibiotic Resistance Mechanism of Action Outlook (Revenue, USD Million, 2018 - 2030)

• Protein Synthesis Inhibitors
• Cell Wall Synthesis Inhibitors
• RNA Synthesis Inhibitors
• DNA Synthesis Inhibitors
• Others

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

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Antibiotic Resistance Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Antibiotic Resistance Market

• Melinta Therapeutics
• Basilea Pharmaceutica Ltd.
• Tetraphase Pharmaceuticals
• Theravance Biopharma
• WOCKHARDT
• Paratek Pharmaceuticals, Inc.
• Seres Therapeutics
• ACHAOGEN, INC.
• Entasis therapeutics
• AbbVie
• Merck & Co. 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.

Europe Molded Pulp Packaging Market Pegged For Strong Growth During 2024-2030: Grand View Research Inc.

 Europe Molded Pulp Packaging Market Growth & Trends

The Europe molded pulp packaging market size is expected to reach USD 1.89 billion by 2030, according to a new report by Grand View Research, Inc. This market is expected to expand at a CAGR of 6.7% from 2024 to 2030. The expansion of the molded pulp packaging market in Europe is driven by several factors. These include the environment-friendly characteristics of molded pulp, rising consumer inclination towards recyclable materials, a surge in disposable income levels, and an increasing demand for packaging solutions that are both reusable and sustainable.

Major European countries such as Germany, France, Austria, Russia, and the UK are among the leading global egg producers. As egg production and consumption continue to rise, there is an increasing demand for sustainable solutions to accommodate their packaging. Molded pulp packaging provides a protective and environment-friendly option for packaging eggs, ensuring their safe transportation and storage. Consequently, the molded pulp packaging market in Europe is experiencing growth, driven by a rising need for lightweight and cost-effective solutions to transport delicate products, including eggs.

Moreover, a surge in the consumption of on-the-go products and single-serve meals, driven by an increasing working professional population in Europe and a demand for convenience, is anticipated to propel the demand for molded pulp packaging products in the food service industry through 2030. The increased preference for molded fiber packaging products in the food service sector can be attributed to the growing number of working professionals in European countries.

As per Eurostat, Europe’s working professional population is projected to surpass 250 million, and it constituted approximately 73.1% of the total EU population in 2021. Furthermore, the employment rate in all EU member states experienced growth in 2022 compared to 2021. This rise in the working population has resulted in a growing consumer trend favoring ready-to-eat meals, on-the-go snacks, and beverages from restaurants and fast-food chains due to the convenience and time-saving benefits offered by molded pulp packaging.

The ban on plastic in European countries is expected to be a significant factor driving the regional molded pulp packaging market growth. For instance, in October 2023, England introduced a ban on specific single-use plastic items, which prevents businesses from providing products such as polystyrene cups and plastic cutlery. This initiative is part of a larger goal to eliminate all "unnecessary plastic waste" entirely by 2042. Such an outlook is expected to boost demand for alternative packaging materials that are more sustainable and eco-friendly, such as molded pulp packaging, across the UK.

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Europe Molded Pulp Packaging Market Report Highlights

• Rising consumption of on-the-go products and single-serve meals across Europe is expected to drive the demand for molded pulp packaging in this region over the forecast period
• Food packaging dominated the application segment of Europe’s molded pulp packaging market in 2023, in terms of revenue. Molded pulp packaging products, such as wine shippers, trays, inserts, and divider sets, are used for shipping wine or champagne. These packaging solutions provide a sustainable and eco-friendly alternative for transporting wine bottles
• Electronics is projected to be the fastest-growing application segment in the molded pulp packaging market in Europe. Molded pulp packaging provides excellent protection for delicate electronic components during transit and storage. The customizable nature of molded pulp allows for creating packaging specifically tailored to the shape and size of electronic devices, ensuring a secure fit
• Western Europe emerged as the dominant region in 2023 and is expected to expand at the highest CAGR through 2030, in terms of revenue. The demand for molded pulp packaging products, including egg cartons and trays, is driven by the growing production and consumption of eggs in Western Europe. Additionally, rising wine consumption in this region fuels the demand for fiber-molded wine or champagne shippers
• In July 2023, The Kroger Co., a grocery store chain, and MPS Egg Farms, an egg producer, partnered with Hartmann to introduce carbon-neutral eggs in Hartmann’s Hybrid egg carton in U.S. stores. These eggs are produced using a sustainable, closed-loop system that prioritizes environmental consciousness and animal welfare, with all eggs being 100% cage-free. This collaboration is anticipated to significantly enhance the demand for Brødrene Hartmann A/S’s hybrid egg packaging

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-molded-pulp-packaging-market-analysis

Europe Molded Pulp Packaging Market Segmentation

Grand View Research has segmented the Europe molded pulp packaging market on the basis of source, type, product, application, and region:

Europe Molded Pulp Packaging Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Wood Pulp
• Non-wood Pulp

Europe Molded Pulp Packaging Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Thick Wall
• Transfer
• Thermoformed
• Processed

Europe Molded Pulp Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Trays
• End Caps
• Bowls & Cups
• Clamshells
• Plates
• Others

Europe Molded Pulp Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Food Packaging
• Food Service
• Electronics
• Healthcare
• Industrial
• Others

Europe Molded Pulp Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Western Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Belgium
  • Austria
  • Slovakia
  • Czech Republic
• Eastern Europe
  • Poland
  • Hungary
  • Romania
• Scandinavia
  • Sweden
  • Denmark
  • Finland

List of Key Players in the Europe Molded Pulp Packaging Market

• Brødrene Hartmann A/S
• Omni-Pac Group
• Huhtamaki Oyj
• Pulp-Tec Limited
• TART
• PAPACKS Sales GmbH
• KIEFEL GmbH
• James Cropper plc
• TRIDAS
• Goerner Formpack GmbH
• buhl-paperform GmbH
• Robert Cullen Ltd.
• Eco-Products, Inc.
• Graphic Packaging International, Inc.
• Great Northern Corporation
• MFT-CKF, Inc.
• Transcend Packaging
• Ecolution Packaging
• International Paper

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.

Medical Device Regulatory Affairs Market to Partake Significant Development During 2023 to 2030: Grand View Research Inc.

 Medical Device Regulatory Affairs Market Growth & Trends

The global medical device regulatory affairs market size is expected to reach USD 12.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2023 to 2030. Technological advancements in medical devices, such as AI and machine learning, increasing trends toward portable and smaller devices, and strict government regulations for medical devices are driving the market.

Medical equipment regulation is a vast and rapidly changing field that is often complicated by legal challenges. Even within one regulatory framework, legal terms and their definitions are not always consistent. As technology expands, software, machine learning, and algorithms become essential component of an increasing number of digital health resources. This presents new challenges as an increasing number of instruments fall under the regulatory framework.

Medical device companies have to deal with continuous changes in regulatory requirements, which can differ based on business activities and geographies. Noncompliance with the changing regulatory requirements can result in penalties and delays, which may lead to a loss of revenue. According to a survey sponsored by Genpact, 72.0% of executives from the life sciences industry consider regulatory compliance to be one of the top three challenges they face. Such factors are expected to support the demand for these services further.

Public organizations worldwide are providing funding to improve healthcare R&D. For instance, in March 2022, over USD 188.0 million was funded by the U.K. government to support NHS-led health research pertaining to diagnostics and treatments. Such investments in the future are expected to increase the number of new medical device launches, thus creating opportunities for medical device regulatory services. Such activities are expected to support the market in the forecasted period.

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Medical Device Regulatory Affairs Market Report Highlights

• The regulatory writing and publishing segment dominated the market with the largest revenue share of 36.6% in 2022. This is due to a rise in the number of clinical trials, government support, and an increasing need to launch the product quickly
• Based on type, the therapeutic segment accounted for the larger market share of 55.6% in 2022, due to increasing demand for equipment as a result of technological advancements in developed countries
• There is a huge demand for outsourcing these services. Hence, the segment contributed to 57.0% of the global market in 2022. This is largely owing to the lack of in-house capabilities and ever-changing regulations for medical devices across the globe
• Asia Pacific dominated the market and accounted for 37.5% of the revenue share in 2022. This is largely due to the expanding medical device market in India as a result of increased health awareness, a growing middle class, and government health initiatives.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-device-regulatory-affairs-market

Medical Device Regulatory Affairs Market Segmentation

Grand View Research has segmented the global medical device regulatory affairs market based on services, type, service provider, and region:

Medical Device Regulatory Affairs Services Outlook (Revenue, USD Million, 2018 - 2030)

• Regulatory Consulting
• Legal Representation
• Regulatory Writing & Publishing
• Product Registration & Clinical Trial Applications
• Other Services

Medical Device Regulatory Affairs Type Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic
• Therapeutic

Medical Device Regulatory Affairs Service Provider Outlook (Revenue, USD Million, 2018 - 2030)

• Outsource
• In-house

Medical Device Regulatory Affairs 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
  • South Korea
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in Medical Device Regulatory Affairs Market

• ICON, Plc
• Emergo
• Freyr
• Laboratory Corporation of America Holdings
• IQVIA, Inc.
• Intertek Group plc
• SGS Société Générale de Surveillance SA
• Promedica International
• Integer Holdings Corporation
• Medpace

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.

Dietary Supplements Market to Register Stable Expansion During 2024 – 2030: Grand View Research Inc.

Dietary Supplements Market Growth & Trends

The global dietary supplements market size is anticipated to reach USD 327.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 9.1% from 2024 to 2030. There is growing awareness and interest in health and wellness among consumers. As people become more health-conscious and seek ways to improve their overall well-being, they are turning to dietary supplements as a convenient and accessible means to meet their nutritional needs. The desire for better nutrition, increased energy, weight management, and support for specific health goals such as immune system enhancement or joint health has fueled demand for a wide range of supplements.

In addition to general health and wellness concerns, the aging population in many parts of the world has contributed significantly to the market's growth. As individuals age, they often require additional nutrients to address age-related health issues such as bone density loss or cognitive decline. This demographic shift has led to a surge in demand for supplements targeting specific age-related health concerns.

Regulatory changes have also played a role in shaping the market. In some regions, regulatory agencies have implemented stricter quality control standards, labeling requirements, and safety regulations, which have helped build consumer trust in the industry. These regulations have encouraged reputable manufacturers to invest in research, development, and product quality, while also weeding out unscrupulous players.

The market is highly competitive, with numerous companies vying for market share. As a result, there is a constant influx of new products and innovations, including personalized supplements tailored to individual health needs and preferences. This innovation has maintained the market dynamic and is responsive to evolving consumer demands.

In February 2022, Amway India introduced a new range of nutrition supplements under its Nutrilite brand. The products, including gummies and jelly strips, are designed to meet the nutritional needs of busy millennials. The range includes supplements for overall health and immunity, bone health, and eye health.

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Dietary Supplements Market Report Highlights

• Vitamins dietary supplements accounted for a substantial market share of 30% in 2023. These supplements are available in several forms, such as vitamin A (carotenoids and retinols), vitamin B (folic acid), vitamin C (ascorbic acid), and vitamin D (cholecalciferol), among others.
• Energy and weight management supplements had a lion share in the market with demand exceeding 30 % in 2023. Sports enthusiasts mainly influence the demand for dietary supplements that include vitamins and proteins.
• Adults were the largest consumers of supplements with a revenue share of 46.01% in 2023. The rising consumption of dietary supplements by working individuals to maintain a healthy lifestyle is expected to remain a favorable factor for the market.
• OTC sales of dietary supplements held the largest revenue share of 75.5% in 2023. The OTC sales of dietary supplements are anticipated to witness steady growth because of rising consumer awareness regarding the nutritional value and health benefits of these products.
• Offline sale of dietary supplements accounted for over 80% revenue in 2023. An increase in the number of prescribed dietary supplements by medical practitioners for treating gastrointestinal disorders, immunity-related issues, bone health, folic acid deficiencies, heart health, and age-related macular degeneration is expected to augment offline sales.
• Based on form, the tablets segment held a revenue share of 32.3% in 2023. High-quality supplements use excipients that aid in tablet absorption and disintegration. However, the natural coating provides better dissolution.
• Asia Pacific dietary supplements market was dominant with a revenue share of 34.9% in 2023. The region is anticipated to witness increasing demand for dietary supplements as key participants are introducing their brands in the untapped markets of Southeast Asia.

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

Dietary Supplements Market Segmentation

Grand View Research has segmented the global dietary supplements market on the ingredient, form, application, end-user, type, distribution channel, and region:

Dietary Supplements Ingredient Outlook (Revenue, USD Billion; 2018 - 2030)

• Vitamins
• Botanicals
• Minerals
• Protein & Amino Acids
• Fibers & Specialty Carbohydrates
• Omega Fatty Acids
• Probiotics
• Prebiotics & Postbiotics
• Others

Dietary Supplements Form Outlook (Revenue, USD Billion; 2018 - 2030)

• Tablets
• Capsules
• Soft gels
• Powders
• Gummies
• Liquids
• Others

Dietary Supplements Application Outlook (Revenue, USD Billion; 2018 - 2030)

• Energy & Weight Management
• General Health
• Bone & Joint Health
• Gastrointestinal Health
• Immunity
• Cardiac Health
• Diabetes
• Anti-cancer
• Lungs Detox/Cleanse
• Skin/ Hair/ Nails
• Sexual Health
• Brain/Mental Health
• Insomnia
• Menopause
• Anti-aging
• Prenatal Health
• Others

Dietary Supplements End-user Outlook (Revenue, USD Billion; 2018 - 2030)

• Infants
• Children
• Adults
• Pregnant Women
• Geriatric

Dietary Supplements Type Outlook (Revenue, USD Billion; 2018 - 2030)

• OTC
• Prescribed

Dietary Supplements Distribution Channel Outlook (Revenue, USD Billion; 2018 - 2030)

• Online
• Offline
  • Hypermarkets/Supermarkets
  • Pharmacies/Drugstores
  • Specialty Stores
  • Practitioners
  • Others

Dietary Supplements Regional Outlook (Revenue, USD Billion; 2018 - 2030)

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

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.