Nutraceuticals Market: Advanced Technologies and Growth Opportunities Worldwide By 2030

 Nutraceuticals Market Growth & Trends

The global nutraceuticals market size is projected to reach USD 599.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 9.6% from 2024 to 2030. Rising awareness regarding calorie reduction and weight loss in the major markets including the U.S., China, and India is expected to promote the application of the health and wellness segment and thus, in turn, will have a substantial impact on the industry.

Nutraceuticals are products that provide health advantages and additional nutrition to the human body. It comprises fortified nutrients, such as taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, that develop the complete health of consumers. These nutrients further benefit in averting medical conditions such as hypertension, diabetes, heart diseases, and allergies. As nutraceuticals develop the digestive and immune systems and enhance the cognitive behavior of consumers, their demand is witnessing a surge at the global level.

The increasing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in the costs of pharmaceuticals is anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.

A rise in disposable income, increasing consumer awareness concerning health issues, and rapid urbanization are likely to boost the market growth over the forecast years. A positive outlook towards medical nutrition owing to the high prevalence of weight management programs, along with cardiovascular diseases, is anticipated to propel the product demand.

The rise and evolution of wellness-focused diets such as keto and paleo are driving food producers to cater their products in this direction. Functional food products such as probiotics and omega-3 are highly used in yogurt and fish oils to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the growth of the functional food segment over the coming years.

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Nutraceuticals Market Report Highlights

• Based on ingredient, in 2023, probiotics held a dominant position in the market; with a share of 27.7% owing to the majority of food manufacturing companies using probiotics as a primary ingredient to provide better nourishment and reduce health problems caused by harmful bacteria
• The vitamins segment captured a significant market share in 2023. The segment is expected to witness significant growth in the coming years
• In terms of product, the functional foods segment dominated the market with a revenue share of 37.65% in 2023. Rising healthcare costs, coupled with the increasing geriatric population across the world, are anticipated to assist the segment growth over the forecast period
• North America held the largest revenue share of over 34.90% in 2023. The growing health concerns amongst consumers and increasing awareness regarding nutraceuticals are likely to be the major drivers of the North America market.
• The market represents a highly competitive landscape. Key market players dominate the market space and have been focusing on various strategic initiatives including mergers & acquisitions, product innovation, and portfolio expansion

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Nutraceuticals Market Segmentation

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

Nutraceuticals Ingredient Outlook (Revenue, USD Million, 2018 - 2030)

• Aloe vera
• Amino acids
• Botanical Ingredients
  • Ashwagandha
  • Curcumin
  • Ginseng
  • Hemp
  • Others
• Cannabidiol (CBD)
• Carbohydrates
• Carnitine
• Food Color
• Carotenoids
  • Astaxanthin
  • Lutein
  • Lycopene
  • Other carotenoids (Zeaxanthin, Betacarotene)
• Spirulina
• Collagen
• Colostrum
• Cultures and fermentation starters
• Dairy ingredients
• Emulsifiers
• Enzymes
• Essential oils
• Fat replacers
• Fats and oils
• Fibers
• Flavors
• Fruit and vegetable products
• Glucosamine / Chondroitin
• Isoflavones
• Juices and concentrates
• Krill
• Lipids / Fatty Acids
• Marine ingredients
• Minerals
  • Calcium
  • Iron
  • Magnesium
  • Selenium
  • Others
• Omega-3s
  • Marine Derived
  • Plant-derived
• Prebiotics
• Probiotics
• Proteins
• Sweeteners
  • Stevia
  • Monkfruit
  • Others (Honey, sucrose, fructose, etc.)
• Vitamins
  • Vitamin A
  • Vitamin B
  • Vitamin C
  • Vitamin D
  • Vitamin E
  • Vitamin K
• Whey proteins
• Other

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

• Dietary supplements
• Functional foods
• Functional beverages

Nutraceuticals Application Outlook (Revenue, USD Million, 2018 - 2030)

• Allergy & intolerance
• Animal nutrition
• Healthy ageing
• Bone & joint health
• Cancer prevention
• Children's health
• Cognitive health
• Diabetes
• Digestive / Gut health
• Energy & endurance
• Eye health
• Heart health
• Immune system
• Infant health
• Inflammation
• Maternal health
• Men's health
• Nutricosmetics
• Oral care
• Personalized nutrition
• Post Pregnancy and reproductive health
• Sexual health
• Skin health
• Sports nutrition
• Weight management & satiety
• Women's health
• Other

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

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

List of Key Players in the Nutraceuticals Market

• DSM
• Amway
• Pfizer Inc.
• Nestle
• The Kraft Heinz Company
• The Hain Celestial Group, Inc.
• Nature's Bounty
• General Mills Inc.
• Danone
• Tyson Foods

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 Market For Bio-PET Film to Witness Tremendous Growth and Expansion by 2030

 Bio-PET Film Market Growth & Trends

The global bio-PET film market size is anticipated to reach USD 156.6 million by 2030 and is anticipated to expand at a CAGR of 12.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing environmental concerns about plastic waste and its effects on water and soil pollution are expected to be important drivers for market growth. Furthermore, numerous countries have implemented restrictions on traditional and single-use plastics, which are projected to boost demand for bio-polyethylene terephthalate (PET) films in the upcoming years.

Furthermore, the global push toward reducing the dependence on fossil fuels is driving the adoption of the bio-PET film market. Traditional PET films are derived from petroleum-based feedstock, contributing to carbon emissions and finite resource depletion. In contrast, bio-PET films, sourced from renewable materials, offer a solution that reduces reliance on fossil fuels. The imperative to transition toward bio-based alternatives is a driving force for the market as it aligns with broader initiatives to mitigate climate change and reduce the environmental footprint associated with conventional plastics.

Moreover, advancements in waste management technologies and infrastructure contribute significantly to the adoption of bioplastics. The integration of bioplastics into waste management systems is becoming more feasible with the development of advanced composting facilities and recycling processes.In addition, economic factors such as the fluctuating oil prices and volatility in the petrochemical industry contribute to the adoption of bio-PET film as a more stable and sustainable alternative.

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Bio-PET Film Market Report Highlights

• Packaging application dominated the source segment with more than 38.0% share in 2023. This is due to the growing use of bioplastics in the packaging sector, which is being driven by rising demand from the electrical & electronics and food industries
• The electrical & electronics application segment is expected to grow at a significant CAGR over the forecast period
• The laminating film type segment held the largest market share of 37.12% in 2023. bio-PET films provide environmentally friendly and recyclable solutions for laminating various packaging materials. They offer clarity, strength, heat resistance, and high adherence to the product making them ideal for a variety of laminating applications
• Rising concerns about climate change and carbon footprint reduction contribute to the increasing adoption of bio-PET films. Traditional plastics derived from fossil fuels are associated with significant carbon emissions during production and disposal.In contrast, bio-PET films, especially those produced from agricultural feedstock, often have a low carbon footprint
• Asia Pacific dominated the bio-PET film market. The role of financial incentives and subsidies provided by governments and regulatory bodies is driving the adoption of Bio-PET films in the region. Many countries are implementing policies that encourage the use of environmentally friendly materials by offering financial support, tax credits, or other incentives to businesses that adopt Bio based plastic films
• In August 2023, Terphane, a division of Tredegar Corporation and a prominent player in BOPET films across Latin America with operations in the U.S. and Brazil joined forces with Origin Materials Inc., a global company in carbon-negative materials. They announced a strategic partnership aimed at manufacturing bio-polymer films that are not only sustainable but also offer exceptional performance characteristics

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Bio-PET Film Market Segmentation

Grand View Research has segmented the global bio-PET film market on the basis of type, application, and region:

Bio-PET Film Type Outlook (Volume, Tons, Revenue, USD Million; 2018 - 2030)

• Laminating Film
• Universal Film
• Electrical Insulating Film
• Capacitor Film
• Others

Bio-PET Film Application Outlook (Volume, Tons, Revenue, USD Million; 2018 - 2030)

• Packaging
• Printing
• Decoration
• Electrical & Electronics
• Others

Bio-PET Film Region Outlook (Volume, Tons, Revenue, USD Million; 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Norway
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Thailand
  • South Korea
  • Indonesia
  • Malaysia
• Central & South America 
  • Brazil
  • Argentina
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa
  • UAE

List of Key Players in the Bio-PET Film Market

• TORAY INDUSTRIES, INC.
• Polyplex
• TEIJIN LIMITED
• KURARAY CO., LTD.
• Qingdao Kingchuan Packaging
• Far Eastern New Century Corporation
• PLASTIPAK HOLDINGS, INC.
• Anellotech
• Indorama Ventures Public Company Limited
• Carbios
• NatureWorks LLC
• UFlex Limited
• FKuR
• Saipet Samartha Private Limited
• Iwatani Corporation
• LOTTE Chemical Corporation

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.

Home Bedding Market Soaring Demand Assures Motivated Revenue Share By 2030

 Home Bedding Market Growth & Trends

The global home bedding market size is expected to reach USD 172.36 billion by 2030, registering a CAGR of 7.4%from 2024 to 2030, according to a new report by Grand View Research, Inc. The home bedding industry is in a state of flux. Shifting retail models, along with changing consumer preferences, encourage manufacturers to continuously form new strategies to combat the challenges. The overall business arena is undergoing disruption owing to the rapid adoption of online retailing. For instance, in February 2021, Magnolia began offering the complete home textiles collection that includes duvets, shams, and sheet sets in full, queen, king, and California king mattress sizes through its website.

The bedding industry is continuously evolving, with innovative technologies and advancements being introduced to enhance the comfort, durability, and functionality of bedding products. Consumers are also becoming more aware of the importance of quality sleep for their overall health and well-being. Hence, they are looking for bedding products that offer optimal comfort and support. Additionally, the growing concerns about environmental sustainability are driving market growth, with consumers demanding organic bedding options such as organic cotton or bamboo bedding.

The rising need for comfort and luxury, along with an increasing number of houses being purchased or rented every year, drives the growth of the market. Similarly, the demand for organic bedding products along with smart products has also been positively influencing the market. In August 2019, Boll & Branch, which sells sustainably sourced sheets, pillows, mattresses, and towels, raised USD 100 million in strategic investment.

Increased residential expansion across areas, indicating increased house construction and building permits, is expected to revamp Germany’s market growth. According to the Federal Statistical Office (Destatis), the construction of a total of 32,500 dwellings was permitted in Germany in November 2020. Compared with the corresponding period of 2019, this is an increase of 8.9% or 2,700 dwellings.

Manufacturers in the Indian home bedding industry have been implementing a low-cost sourcing strategy and making premium products at extremely low prices. Along with the availability of raw materials at a cheap price, the labor and production costs in the country are also low. The abundant availability of cotton, wool, silk, jute, and handloom further benefits the cost and quality of home textiles and bedding products.

GHCL, a leading manufacturer of home textiles in India, launched a traceable Egyptian cotton bedding brand called Nile Harvest in March 2019. The company has been selling these luxury bedding products mainly in the U.S. and U.K. markets. The company has partnered with Tailorlux GmBH of Germany to use its IntegriTEX technology for the marking and traceability of Egyptian cotton. It is one of the largest manufacturers and exporters of bed sheets, bed linen, comforter sets, and sheet sets in India. 

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Home Bedding Market Report Highlights

• By type, bed linens held the largest share of around 30% in 2023. This dominance is primarily due to the increasing consumer preference for quality over brands. This has encouraged bedding industry manufacturers to offer new and improved quality products with attractive designs. With the increasing preference for luxury bedding products, companies are focusing on introducing plant-based bed linen that claims to be softer than cotton and provides breathability and moisture control
• The Asia Pacific home bedding market accounted for the largest share of over 37% in 2023 and is expected to witness the fastest growth over the forecast period. The regional demand for home bedding products is anticipated to grow due to the increase in the purchasing power of consumers, rising housing constructions, and growing consumer awareness regarding quality as well as organic bedding products
• The offline distribution channel segment dominated the market by accounting for 68 share in 2023. This distribution channel is preferred by consumers as it allows them to physically inspect the products, which is particularly important for items like bedding where comfort and quality are key factors

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Home Bedding Market Segmentation

Grand View Research has segmented the global home bedding market on the basis of on type, distribution channel, and region:

Home Bedding Type Outlook (Revenue, USD Million; 2018 - 2030)

• Bed Linen
• Mattress
• Pillows
• Blankets
• Mattress Toppers & Pads
• Others

Home Bedding Distribution Channel Outlook (Revenue, USD Million; 2018 - 2030)

• Offline
  • Supermarket/Hypermarket
  • Specialty Stores
  • Others
• Online

Home Bedding Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • 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 in the Home Bedding Market

• Acton & Acton Ltd.
• American Textile Company
• Tempur Sealy International, Inc.
• Bombay Dyeing
• Casper Sleep Inc.
• Beaumont & Brown
• Pacific Coast Feather Company
• Crane & Canopy Inc.
• Peacock Alley
• Purple Innovation, Inc
• The White Company
• Portico New York

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.

Quantum Computing Software Market Size Is Predicted To Reach A Valuation Of $2.51 Billion By 2030: Grand View Research Inc.

 Quantum Computing Software Market Growth & Trends

The global quantum computing software market size is anticipated to reach USD 2.51 billion by 2030 and is anticipated to expand at a CAGR of 18.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The potential of quantum computing in tackling sustainability and climate change issues is examined in this new trend. Utilizing quantum algorithms, researchers hope to improve environmental forecasts, optimize energy allocation, and simulate intricate climate models. This movement aims to speed up scientific progress in sustainability by utilizing the computational capacity of quantum computing to provide innovative solutions for resource optimization and environmental conservation.

The healthcare sector is projected to experience the most significant compound annual growth rate (CAGR) in the upcoming period. Quantum computing technology enables scientists to create ultra-precise and ultra-personalized medicinal and diagnostic instruments. Moreover, magnetic resonance imaging (MRI) devices can employ quantum sensors to provide incredibly accurate readings. Improved healthcare services can be a result of these improvements. Within the healthcare sector, quantum computing finds several uses in areas such as targeted cancer therapeutic therapies, protein modeling, DNA analysis, and radiotherapy treatment optimization.

The European market anticipates a consistent and rapid surge in revenue growth throughout the projected period. The trend toward quantum cloud services has begun to gain momentum in Europe, where several businesses are providing cloud platforms for remote access to quantum computing resources. By enabling researchers, companies, and developers to experiment with quantum algorithms and applications without needing on-site infrastructure, these services seek to democratize access to quantum computing. Larger companies like IBM and Microsoft, as well as startups like Xanadu, are setting the standard for cloud-based quantum computing resource distribution throughout Europe, encouraging creativity and teamwork.

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Quantum Computing Software Market Report Highlights

• The service segment dominated the component segment with more than 63.0% share in 2023 and has noticed an increase in the demand for specialized quantum algorithm development services for customized industry applications
• The optimization segment held the largest market share in 2023. The optimization segment of the market is witnessing a prominent trend toward hybrid approaches that combine classical and quantum methodologies
• The BFSI segment held the largest market in 2023 in the end-use segment. The BFSI segment of the market is seeing a rise in the creation of quantum-resistant cryptography solutions because of worries about data security
• North America’s market's revenue growth is witnessing a surge in the creation of quantum algorithms tailored to the finance, logistics, and cybersecurity sectors
• In June 2021, Honeywell revealed plans for the merger of Cambridge Quantum Computing (CQC) and Honeywell Quantum Solutions (HQS) to establish a leading standalone quantum computing enterprise globally. This move is poised to pave the way for the projected growth of a quantum computing industry valued at USD 1 trillion within the next thirty years

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Quantum Computing Software Market Report Segmentation

Grand View Research has segmented the global quantum computing software market based on component, deployment, technology, application, end-use, and region:

Quantum Computing Software Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solution
• Services

Quantum Computing Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premises
• Cloud

Quantum Computing Software Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Superconducting Qubits
• Trapped Ions
• Quantum Annealing
• Others

Quantum Computing Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Optimization
• Simulation
• Machine Learning
• Others

Quantum Computing Software End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Aerospace & Defense
• BFSI
• Healthcare
• Automotive
• Energy & Power
• Chemical
• Government
• Others

Quantum Computing Software Region Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Quantum Computing Software Market

• 1QBIT
• Accenture PLC
• AWS Inc.
• Cambridge Quantum Computing
• D-Wave Systems
• Fujitsu Ltd.
• Google LLC
• Honeywell Inc.
• Huawei Technology Co. Ltd.
• IBM Corporation
• Microsoft Corporation
• QC Ware
• Rigetti Computing
• Riverlane
• Zapata Computing

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.

Polyethylene Market To Hold a High Potential for Growth by 2030: Grand View Research Inc.

 Polyethylene Market Growth & Trends

The global polyethylene market size is anticipated to reach USD 213.77 billion by 2030, growing at a CAGR of 5.0% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is driven by the increasing consumption of plastics in the automotive, medical, construction, and electrical & electronics industries. Moreover, the increasing demand for lightweight materials in the automotive industry contributes to industry growth. Polyethylene (PE)  is commonly used for manufacturing lightweight plastics, films, and foams used in vehicles.

The emphasis of the automotive industry on enhancing the fuel efficiency of vehicles by reducing their weight leads to the adoption of PE in this industry. As recycling technologies advance, the PE market adapts to integrate more recycled content into its products, contributing to a more circular and resource-efficient approach. Government policies and regulations supporting sustainable practices further bolster the demand for recycled PE. The circular economy encourages the collection, separation, and reprocessing of used PE products, diverting them from landfills.

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Polyethylene Market Report Highlights

• High-density Polyethylene (HDPE) dominated the product segment with more than 49.0% share in 2023. The demand for efficient and long-lasting solutions in water infrastructure and agriculture enhances the growth prospects of the HDPE segment
• The Linear Low-density Polyethylene (LLDPE) type segment is expected to grow at the fastest CAGR of 5.5% over the forecast period
• The bottles & containers application segment held a substantial market share in 2023. The sustainability trend in the packaging industry contributes to the growth of this segment
• The use of recyclable materials is growing due to environmental concerns. The recyclability and compatibility of PE with recycling processes are essential for eco-conscious industries and consumers
• Asia Pacific dominated the global market in 2023. The growing manufacturing industry in Asia Pacific is anticipated to drive the demand for PE
• In October 2023, Borealis AG and TotalEnergies SE announced plans to construct a USD 1.4 billion Borstar PE unit within their Baystar joint venture. This PE unit, boasting a capacity of 625,000 metric tons annually, marks a significant increase, doubling the current production capabilities at the Baystar site including two existing PE production units

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

Polyethylene Market Segmentation

Grand View Research has segmented the global polyethylene market on the basis of product, application, end-use, and region:

PE Product Outlook (Volume, Kilotons, Revenue; USD Million, 2018 - 2030)

• Low-density Polyethylene (LDPE)
• High-density Polyethylene (HDPE)
• Linear Low-density Polyethylene (LLDPE)

PE Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Bottles & Containers
• Films & Sheets
• Bags & Sacks
• Pipes & Fittings
• Other Applications

PE End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging
• Construction
• Automotive
• Agriculture
• Consumer Electronics
• Other End-uses

PE Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Polyethylene Market

• BASF SE
• Borealis AG
• Braskem
• Dow
• Exxon Mobil Corporation
• Formosa Plastics
• INEOS Group
• LG Chem
• LyondellBasell Industries Holdings B.V.
• Mitsubishi Chemical Corporation
• MOL Group
• SABIC
• China Petrochemical Corporation (Sinopec)

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.

Smart Building Market Soaring Demand Assures Motivated Revenue Share By 2030

 Smart Building Market Growth & Trends

The global smart building market size is expected to reach USD 450.53 billion by 2030 and grow at a CAGR of 26.5% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. Governments of various countries are taking supportive initiatives for digitalization, and significantly launching projects of smart cities is propelling the market growth. The rising public and private investment in digital infrastructure is also contributing to the growth of the market. Furthermore, the growing need among the commercial sector to optimize energy consumption, enhance operational efficiency, and automate processes has escalated the market growth.

The market for smart buildings is growing primarily as a result of the quickening pace of technological advancement. In the future years, it is anticipated that advances in artificial intelligence research will lay the groundwork for the creation of game-changing technologies that will greatly improve human lifestyles. In addition to helping people adapt to changing lifestyles and vocations, big data, cloud computing, and Internet of Things (IoT) technologies also help to improve workplaces and individualized working environments. For instance, in March 2023, ABB launched a new smart building management tool that allows emission reduction and significant energy savings. The ABB AbilityTM Building Analyzer provides crucial information on building utilization and utility consumption for facility managers aiming for energy savings.

Furthermore, various Asia Pacific countries are taking supportive initiatives to improve digital technology adoption without compromising consumer data privacy, is supporting the market growth. For instance, in May 2022, AVEVA Group plc announced a merger with Namchi (Sikkim) Smart City, a smart India city mission. The main aim of the merger was to develop a digital platform and integrated cross-city command center to streamline and improve municipal services. To save energy, the city upgraded the existing city infrastructure. The city has reduced energy use by 20% while improving the standard of living for its growing population by utilizing smart technology. It intends to promote tourism and spur economic development.

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Smart Building Market Report Highlights

• The energy management segment is expected to observe a CAGR of 27.7% during the forecast period. The growing demand for Heating, Ventilation, and air Conditioning (HVAC) management and smart lighting is creating robust opportunities for segment growth. Smart HVAC technology in buildings can reduce energy costs, reduce staff workload, and provide better employee comfort. Smart HVAC and lighting solutions are integrated with sensors and IoT devices to provide real-time monitoring and control of the building
• The support & maintenance services segment is expected to observe a CAGR of 29.8% during the forecast period. Support and maintenance services play a vital role in keeping the smart building solutions maintained & updated, reducing operating costs, and assisting smart building owners & operators to improve the overall operational efficiency of the building
• The industrial segment is expected to witness significant growth of a CAGR of 25.3% during the forecast period. Shifting various end-use industries focus on smart manufacturing and supportive government initiatives for digitalization is propelling the segment growth
• The Asia Pacific digital twin market is expected to observe a CAGR of 28.5% during the forecast period. The significant regional growth can be attributed to the rising concerns related to energy consumption among buildings, supportive government initiatives for smart cities, and the emergence of Artificial Intelligence (AI), cloud computing, and Internet-of-Things (IoT) technologies
• Key market players in the market are adopting various business strategies to improve their position and customer base in the market. For instance, in March 2022, Emerson Electric Co. partnered with Itron, Inc. to develop smart thermostats for Distributed Energy Resource (DER), Bring Your Own Device(BYOD), and Demand Response (DR). Both companies integrated their solutions into energy management systems for efficient temperature control. This partnership helped the former company improve smart thermostat sales in the market. 

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

Smart Building Market Segmentation

Grand View Research has segmented the global smart building market based on solution, service, end use, and region:

Smart Building Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Safety & Security Management
  • Access Control System
  • Video Surveillance System
  • Fire and Life Safety System
• Energy Management
  • HVAC Control System
  • Lighting Management System
  • Others (Data Management, Asset Performance Optimization, and Application Platform)
• Building Infrastructure Management
  • Parking Management System
  • Water Management System
  • Others (Elevators and Escalators Management and Waste Management)
• Integrated Workplace Management System (IWMS)
  • Real Estate Management
  • Capital Project Management
  • Facility Management
  • Operations and Services Management
  • Environment and Energy Management
• Network Management
  • Wired Technology
  • Wireless Technology

Smart Building Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Consulting
• Implementation
• Support & Maintenance

Smart Building End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Residential
• Commercial
  • Healthcare
  • Retail
  • Academic
  • Others (Hotels, Public Infrastructure, and Transport)
• Industrial

Smart Building Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Smart Building Market

• ABB Ltd.
• BOSCH
• Cisco Systems Inc.
• Emerson Electric Co.
• Hitachi, Ltd.
• Honeywell International Inc.
• INTEL Corporation
• Johnson Controls
• KMC Controls
• LG Electronics Inc.
• Legrand
• Schneider Electric SE
• Siemens
• Sierra Wireless
• Telit

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.

Custom Procedure Kits Market To Benefit from Increased Global Uptake of 2023 By 2030

 Custom Procedure Kits Market Growth & Trends

The global custom procedure kits market size is anticipated to reach USD 15.30 billion by 2030 to expand at a CAGR of 10.95% from 2023 to 2030 according to a new report by Grand View Research, Inc. Key drivers which are anticipated to contribute to custom procedure kits market growth include rising chronic diseases, an increasing number of non-surgical & surgical treatments, high unmet medical needs in emerging & low-growth economies, rising geriatric population, for instance, according to WHO, by 2030 one in every six people globally will be aged 60 years and above.

Furthermore, the introduction of minimally invasive and noninvasive surgeries has led to an increase in the number of surgeries being performed in a year. Patients prefer non-invasive or minimally invasive surgical procedures, owing to the high threat of infections with invasive surgical procedures. In addition, noninvasive surgical treatment requires a shorter hospital stay, thus saving time and medical costs. Furthermore, a rise in the number of road accidents, an aging population, and growing healthcare expenditure in emerging economies are likely to boost the number of surgeries being performed in the forecast period.

Key players are involved in adopting strategies, such as partnerships, mergers & acquisitions, and new product launches, to strengthen their foothold in the custom procedure kits market. For instance, in September 2022, Teleflex Incorporated announced the acquisition of Standard Bariatrics, Inc. to expand its surgical portfolio with various stapling technology which is used in bariatrics procedures. Such advancements are anticipated to contribute to the custom procedure kits market growth.

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Custom Procedure Kits Market Report Highlights

• Based on product, the market has been segmented into disposable and reusable. The reusable segment is expected to be expected at the highest CAGR of 11.32% during to forecast period. The increasing frequency of hospital admission due to the high prevalence of chronic diseases, and fatal injuries as well as the aging population is anticipated to fuel more disposable waste. Thus, to lower the environmental effect, healthcare providers would slowly shift towards reusable kits.
• Based on procedures, others are expected to grow at the highest CAGR of 11.71% during to forecast period. Key drivers which are anticipated to fuel the segment growth include growing demand for aesthetic appearance in the population, as well as increasing medical tourism.
• Based on the end-user, the hospitals segment held the largest share of around 45.79%, in terms of revenue. This is due to the increasing number of hospitals globally, and rising government funding for hospitals. For instance, the Australian government provides 41% of the public hospital funding and 24% of the private hospital funding.
• Asia Pacific is expected to expand at the highest CAGR of 12.45% during to forecast period owing to various factors such as growth in medical facilities, the presence of a large population suffering from chronic disorders, and the launch of new products.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-custom-procedure-kits-market

Custom Procedure Kits Market Segmentation

Grand View Research has segmented the global custom procedure kits market based on product, procedure, end-user, and region:

Custom Procedure Kits Product Outlook (Revenue; USD Million; 2018 - 2030)

• Disposable
• Reusable

Custom Procedure Kits Procedure Outlook (Revenue; USD Million; 2018 - 2030)

• Colorectal
• Thoracic
• Orthopedic
• Ophthalmology
• Neurosurgery
• Cardiac Surgery
• Gynecology
• General Surgery
• Urology
• Others

Custom Procedure Kits End-user Outlook (Revenue; USD Million; 2018 - 2030)

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Others

Custom Procedure Kits Regional Outlook (Revenue; USD Million; 2018 - 2030)

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

List of Key Players in the Custom Procedure Kits Market

• Mölnlycke Health Care
• Medline Industries
• Teleflex Incorporated
• Owens & Minor
• Medtronic
• Cardinal Health
• McKesson Corporation
• Smith’s Medical (ICU Medical, Inc.)
• Terumo Cardiovascular Systems Corporation
• Santex S.p.A.

About Grand View Research

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

Meal Kit Delivery Services Market Precise Analysis on Business Overview, Product Scope And Ongoing Development

Meal Kit Delivery Services Market Growth & Trends

The global meal kit delivery services market size is expected to reach USD 64.27 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.3% from 2023 to 2030 Increasing preference for homemade meals among millennials is expected to be a major factor contributing to the growth of the market. Meal kit delivery services are popular among busy parents, millennials, those juggling multiple jobs, working couples, or people with special diet needs who prefer pre-planned ingredients or meals so that they can quickly prepare meals.

The cook and eat segment led the market and accounted for a revenue share of 60.6% in 2022. Growing demand for healthy food ingredients and the trend of cooking at home at the global level is expected to expand the scope of cook and eat meal delivery services over the next few years. Further, for people suffering from depression, anxiety, or want to maintain brain health, cooking is a great exercise. Thus, the popularity of cook and eat meal kit delivery services can be seen among the masses.

The single service segment accounted for the largest revenue share of 57.7% in 2022. The service is extremely popular among single-person households and those with long office hours. Millennials and Generation Z form the largest consumer group of these meal kit delivery services. The vegan meal type segment is expected to showcase exponential growth by growing at a CAGR of 19.0% as the vegan population is significantly increasing across the globe due to the growing prevalence of lactose intolerance and various food allergies.

The online segment accounted for the largest revenue share of more than 63.2% in 2022. Increasing demand for meal kits has prompted a large number of local small businesses to provide these delivery services. Companies that are having an established online platform are capable of providing client service through greater flexibility by being available round the clock which allows them to serve customers settled across a geographical area. The market is fragmented in nature, with the presence of a large number of global and regional players. Key players face intense competition, especially from the top players in the market, as they have a large consumer base, strong brand recognition, and vast distribution networks.

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Meal Kit Delivery Services Market Report Highlights

• In Asia Pacific, the market is expected to register the fastest CAGR of 16.7% during 2023 to 2030 as major economies like Japan, and China have been adapting to the western culture of meal-kits and witnessing this behavior, many companies are tapping into meal kits delivery services
• The heat and eat segment is expected to register a CAGR of 15.7% from 2023 to 2030 owing to the growing popularity among the working population due to their hectic lifestyles and busy schedules with no or less time for cooking
• The multiple meal kit delivery services segment is expected to register a CAGR of 15.7% from 2023 to 2030 as this kit service is offered to families where both parents are working and have hectic and busy lifestyles
• The non-vegetarian meal kit delivery service segment held the largest revenue share of 63.5% in 2022. This can be attributed to the popularity of non-vegetarian meal kits across the globe and the nutritional value associated with this type

Access Press Release@ https://www.grandviewresearch.com/press-release/global-meal-kit-delivery-services-market

Meal Kit Delivery Services Market Segmentation 

Grand View Research has segmented the global meal kit delivery services market on the basis of offering, service, platform, meal type, and region:

Meal Kit Delivery Services Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Heat & Eat
• Cook & Eat

Meal Kit Delivery Services Service Outlook (Revenue, USD Million, 2017 - 2030)

• Single
• Multiple

Meal Kit Delivery Services Platform Outlook (Revenue, USD Million, 2017 - 2030)

• Online
• Offline

Meal Kit Delivery Services Meal Type Outlook (Revenue, USD Million, 2017 - 2030)

• Vegan
• Vegetarian
• Non-Vegetarian

Meal Kit Delivery Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Meal Kit Delivery Services Market

• Blue Apron, LLC
• Freshly Inc.
• HelloFresh
• Sun Basket
• Relish Labs LLC (Home Chef)
• Gobble
• Marley Spoon Inc.
• Purple Carrot
• Fresh n' Lean
• Hungryroot

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.

Soybean Market Size Is Predicted To Reach A Valuation Of $258.12 Billion By 2030: Grand View Research Inc.

 Soybean Market Growth & Trends

The global soybean market size is expected to reach USD 258.12 billion by 2030 and expand at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for soybean byproducts like soybean meal and oil cakes has increased over the past few years. The high nutritional value of the products has enhanced their popularity among consumers, increasing the market. The increased disposable income of consumers in developed countries and the improved soybean productivity contributed to the demand for soybean byproducts in these countries.

Plant-based protein such as soybean is likely to be in high demand globally as several people are steadily moving toward a vegan lifestyle. In addition to that, the world is becoming healthier and fitter, necessitating higher protein content on our plates. Soybean is a source of protein that also has a lot of health benefits. It aids in our digestive health maintenance and can be molded into various shapes in daily dishes. Soy consumption daily is good for hair and skin health. Soybean is high in amino acids and is especially advantageous to people who have lactose intolerance. These factors are likely to propel the growth of the market shortly.

Soybean is considered a near-perfect dairy substitute. It has become increasingly popular amongst lactose-intolerant people. Soy curd, tempeh, tofu, and soy milk are just a few of the products available in the global market for soybean. These products can fully substitute milk and its various products in day-to-day life. As a result, soybean dairy-like products are likely to disrupt the market and determine its course of direction soon.

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Soybean Market Report Highlights

• GMO soybeans are engineered to resist pests and diseases, leading to higher crop yields. It appeals farmers as it allows them to produce more soybeans per acre, increasing their profitability
• The raw form is expected to grow at the fastest CAGR from 2024 to 2030. Raw soybeans are rich in essential nutrients, including protein, dietary fiber, vitamins, and minerals. They are considered a healthy food option and are included in diets for their potential benefits, such as heart health, weight management, and cholesterol control
• Asia Pacific is expected to grow at the fastest CAGR from 2024 to 2030. Asia Pacific is home to a significant portion of the world's population, and many countries in this region are experiencing rapid economic growth. As incomes rise, so does the demand for protein-rich foods, including soybean-based products. This growing middle-class population with higher purchasing power is a crucial driver of increased soybean consumption

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

Soybean Market Segmentation

Grand View Research has segmented the global soybean market based on nature, form, end-use, and region.

Soybean Nature Outlook (Revenue, USD Billion, 2018 - 2030)

• GMO
• Non-GMO

Soybean Form Outlook (Revenue, USD Billion, 2018 - 2030)

• Raw
• Processed

Soybean End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Food & Beverages
• Animal Feed
• Industrial Use
• Others

Soybean Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Soybean Market

• Clarkson Grain Company
• Willmar International Limited
• SLC Agrícola
• Glencore
• ADM
• The Scoular Company
• Cargill, Incorporated
• Bunge Limited
• Louis Dreyfus Company
• Kohinoor Feeds & Fats Pvt. Ltd.
• Ag Processing, 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.