Wednesday, 19 June 2024

Writing Instruments Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 Writing Instruments Market Growth & Trends

The global writing instruments market size is expected to reach USD 23.94 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.4% from 2024 to 2030. The introduction of innovative multipurpose writing instruments such as pens, pencils, and coloring pens for school and institutional usage is expected to increase demand and scope of coloring instruments globally. This trend is expected to remain a prominent factor in augmenting product demand throughout the forecast period. Key companies have been amplifying their product portfolios by incorporating new and innovative products to gain maximum market share.

The introduction of new and innovative multipurpose writing instruments has played an important role in broadening product scope. Manufacturers are developing new product offerings such as stylus pens, colored inks, and pencils in various sizes. Furthermore, businesses are implementing innovative solutions to expand the application scope among students.

The pens segment led in terms of revenue share in 2023 and is expected to witness progressive growth in demand during the forecast period. Pens are classified according to their ink colorants and ink composition. The availability and accessibility of a diverse range of pen types such as ballpoint pens, rollerball pens, gel pens, and ink pens at various price points boosts the demand for pens among users. The coloring instruments segment is also expected to witness steady growth during the forecast period owing to the growing awareness among students and professionals regarding the importance of highlighters, markers, and other coloring pens.

Students accounted for the largest share in the industry in terms of application in 2023 and this segment is anticipated to expand at the fastest CAGR of 4.7% from 2024 to 2030. The global student population continues to increase, resulting in a steadily rising customer base for writing instrument manufacturers. As educational opportunities expand and literacy rates improve, more students are enrolling in schools, colleges, and universities thus driving market growth.

The stationeries distribution channel segment is expected to lead the segmental share due to its benefits such as the opportunity to test and try a product before purchase. These products are affordable and accessible as they are available at low prices across stationeries. The instant buying of such products from stationery stores is expected to drive consumers to opt for stationaries as a selling medium.

The Asia Pacific region is projected to lead this market through 2030 on account of increasing awareness regarding the importance of education among the young population in this region. Government initiatives on the expansion of educational institutions across developing countries such as India, Bangladesh, Sri Lanka, and other countries for betterment of the educational sector are expected to set new opportunities for the writing instrument market. New product launches and establishment of strategic business units in developing economies including China and India are expected to remain key growth strategies among the industry participants.

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Writing Instruments Market Report Highlights

  • Pens accounted for a dominant global revenue share of 36.0% in 2023. Pens are classified according to their ink colorants and ink composition. The availability and accessibility of a diverse range of pen types such as ballpoint, rollerball, gel, and ink pens at various price points boosts their demand among users.
  • Students contributed the largest revenue share among applications, generating a revenue of over USD 10 billion in 2023. Writing instruments are essential tools for students in their academic pursuits.
  • Stationeries accounted for a leading revenue share of 35.8% in 2023. This segment has been gaining traction owing to benefits offered by stationeries such as physical verification of products before purchase.
  • Asia Pacific held a share of over 31.3% of the global market in 2023, on account of an increasing awareness regarding the importance of education among this region’s younger population.

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

Writing Instruments Market Segmentation

Grand View Research has segmented the global writing instruments market report on the basis of product, application, distribution channel, price range, and region:

Writing Instruments Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Pen
    • Ball Point Pen
    • Gel Pen
    • Fountain Pen
    • Others
  • Pencil
    • Graphite Pencil
    • Mechanical Pencil
  • Coloring Instruments
  • Highlighters and Markers
  • Others

Writing Instruments Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Students
  • Working Professionals
  • Institutions

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

  • Stationaries
  • Hypermarket/Supermarket
  • Departmental Stores
  • Online

Writing Instruments Price Range Outlook (Revenue, USD Million, 2018 - 2030)

  • Low (less than 20$)
  • Mid (20$ - 100$)
  • High (above 100$)

Writing Instruments Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Writing Instruments Market

  • Faber-Castell AG
  • Newell Brands, Inc.
  • Mitsubishi Pencil Co., Ltd.
  • Linc Limited
  • Hindustan Pencils Private Limited
  • Flair Writing Industries Limited
  • Shanghai M&G Stationery Inc.
  • Pentel Co., Ltd.
  • Luxor
  • Pilot Corporation of America

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.

Biomass Power Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Biomass Power Market Growth & Trends

The global biomass power market size is expected to reach USD 203.61 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions have resulted in favorable policies and regulations for renewable energy, which has been the key factor driving the growth of this market. The COVID-19 pandemic has hampered the market growth globally owing to the disruptions in the supply chain, which resulted in delays for some projects. The power demand has declined from commercial and industrial end-users in the non-essential category due to the closure of operations during the lockdown.

These factors have resulted in delays in the construction of new biomass power plants and reduced power supply from existing biomass power plants. Solid biofuel has emerged as the dominant feedstock segment in the market owing to its easy availability. Moreover, it is simpler to use than liquid biofuel and biogas in power generation applications. The combustion technology segment accounted for the largest market share in 2021, in terms of revenue. The growth of this segment can be attributed to lower costs of combustion technology than anaerobic digestion and gasification technologies. Europe has emerged as the major regional market owing to the presence of supportive policies and plans, coupled with the announcement of the phasing-out of coal-based power plants by the leading European countries, such as the U.K., Germany, and France.

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Biomass Power Market Report Highlights

  • In terms of revenue, the solid biofuel segment accounted for the dominant revenue share in 2021 and is projected to expected further over the forecast period
  • Germany dominated the Europe regional market and accounted for the maximum revenue share in 2021
  • The high rate of depletion of fossil fuels in the Europe region is creating ample growth opportunities for this market
  • The European Union has set a target to fulfill a significant portion of its energy requirements from renewable sources
  • The focus of governments of different countries of the region on reducing carbon emissions also creates ample opportunities for the market
  • Some of the major strategic initiatives undertaken by vendors in the biomass power market include M&A & R&D activities, overseas business expansions, and strategic collaborations among the market participants

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

Biomass Power Market Segmentation

Grand View Research has segmented the global biomass power market based on technology, feedstock, and region:

Biomass Power Technology Outlook (Volume, Million MWh; Revenue, USD Million, 2019 - 2030)

  • Combustion
  • Gasification
  • Anaerobic Digestion

Biomass Power Feedstock Outlook (Volume, Million MWh; Revenue, USD Million, 2019 - 2030)

  • Solid Biofuel
  • Liquid Biofuel
  • Biogas

Biomass Power Regional Outlook (Volume, Million MWh; Revenue, USD Million, 2019 - 2030)

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

List of Key Players of the Biomass Power Market

  • Mitsubishi Heavy Industries, Ltd.
  • Suez
  • Xcel Energy Inc.
  • Ramboll Group A/S
  • Babcock & Wilcox Enterprises, Inc.
  • Ørsted A/S
  • Ameresco
  • General Electric
  • Veolia
  • Vattenfall

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.

Eco Fiber Market is Anticipated to Upgrade $77.17 Billion Revenue By 2030: Grand View Research Inc.

 Eco Fiber Market Growth & Trends

The global eco fiber market size is expected to reach USD 77.17 billion by 2030, expanding at a CAGR of 7.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rise in concern regarding the harmful environmental impacts of using synthetic fibers, which has been the major factor contributing to the increased demand for organic eco fiber for the past few years.

The increasing dependence on chemicals and pesticides to increase crop production has led to the mass degradation of the environment. This, in turn, has prompted governments and other regulatory bodies to follow numerous regulations. These regulations have been imposed on the manufacturing as well as disposal of synthetic sources of fiber production. This trend has further led to a shift in preference toward bio-based alternatives such as organic cotton, hemp, and other sources of eco fibers.

Eco fibers are also rapidly gaining popularity in designer garments and apparel. Continuous advancement in terms of the development of eco fiber textiles offering antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable, and absorbent characteristics are expected to promote the importance of eco fibers in the clothing market over the forecast period.

Organic eco fibers is anticipated to witness the fastest growth rate across the forecast period. Organic cotton is gaining increasing popularity owing to its exceptional benefits such as the elimination of risks for chemical impact on human beings and surroundings and more premiums for the farmers. Additionally, organic cotton ensures health care and food security by providing contamination-free food.

However, the relatively small size of the organic clothing market has led to high prices of organic garments in the past few years. Sustainable fabrics are generally produced within the same manufacturing facility as that of conventional fabrics, thereby impacting the production time as well as cost, since all the machinery needs to be cleaned of conventional fabrics and contaminants prior to the production of sustainable fabrics.

The farming of conventional cotton and other crops involves the use of expensive GMO seeds and petroleum-based fertilizers. However, the growing and harvesting process of organic cotton is much longer as compared to conventional and chemically drenched cotton. Organic cotton harvesting does not involve the use of the aforementioned chemicals and is thus more labor intensive, leading to higher harvest costs.

The market is characterized by high capital investments and rising awareness regarding sustainable production methods and end-products. Key market players are continuously involved in R&D in order to develop novel eco-friendly fabrics and increase the renewable content of other fabrics. Additionally, the presence of established players, the rising focus on sustainability, and capital intensive nature of the market are expected to lower the threat of new entrants.

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Eco Fiber Market Report Highlights

  • Regenerated fibers product segment of eco fiber market is expected to expand at a CAGR of 7.4% over the forecast period. The product is an integral part of Man-made fibers and is produced artificially by using either proteins or cellulose. Soy, corn, peanuts, and milk are some of the commonly used proteins in the production of regenerated fibers, commonly known as Azlons. Regenerated fibers made from cellulose comprise rayon and viscose. The rapidly growing medical textiles industry in India and China is expected to create ample growth opportunities for the product in the market.
  • Medical textile application segment in eco fiber market accounted for revenue of USD 8.06 billion in 2022. The industry is one of the significant consumers of the eco fiber market. In medical textile application, eco fibers find application in baby diapers, incontinence products, sanitary napkins, surgical sutures, surgical dressing, artificial implants, and disposables. Technological advancements in medical & healthcare sector have resulted in increased use of medical textiles (as nanofibers) in wound healing, bone regeneration, and drug delivery applications.
  • Central & South America eco fiber market is expected to grow at a CAGR of 8.3% in the forecast period owing to the growing textile industry in the region. The availability of raw materials, such as cotton and polyester, coupled with the presence of textile manufacturing units in the region has made Central & South America one of the largest producers of textiles including apparels. Additionally, free trade agreements, abundant availability of raw materials, upcoming events including sports & carnivals, and government initiatives to promote the textile industry are some of the key factors anticipated to drive market growth in the region over the forecast period.
  • The eco fiber industry is highly fragmented in nature owing to rising awareness regarding products in fashion, industrial, and household applications. Industry participants are taking advantage of low-cost feed stock availability in India to compete with competitors in China and Middle East. However, despite the obstacles, new entrants are expected to increase spending on developing new products focusing towards eco-friendly smart textiles.

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

Eco Fiber Market Segmentation

Grand View Research has segmented the global eco fiber market report based on product, application, and region:

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

  • Organic
  • Manmade/Regenerated
  • Recycled
  • Natural

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

  • Textiles/Apparel
  • Industrial
  • Medical
  • Household & Furnishing
  • Others

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

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

List of Key Players of Eco Fiber Market

  • Lenzing AG
  • US Fibers
  • Polyfibre Industries
  • Grasim Industries Ltd.
  • Wellman Advanced Materials
  • Shanghai Tenbro Bamboo Textile Co. Ltd.
  • China Bambro Textile (Group) Co., Ltd.
  • Pilipinas Ecofiber Corporation
  • Teijin Limited
  • David C. Poole Company, Inc
  • Foss Performance Materials

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.

Monday, 17 June 2024

Waste Heat Recovery System Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

Waste Heat Recovery System Market Growth & Trends

The global waste heat recovery system market size is expected to reach USD 102.41 billion by 2030, registering a CAGR of 9.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The upcoming evolution of waste heat recovery systems is expected to be amplified by investments in several industries such as refineries, heavy metals, paper & pulp, petrochemicals, and chemicals. Major manufacturing industries are actively adopting waste heat recovery systems to decrease their dependence on conventional energy and produce in-house power to reduce operational costs. For instance, in October 2022, Kawasaki Heavy Industries delivered a waste heat recovery power generation system to the Saitama cement plant of TAIHEIYO CEMENT CORPORATION located in Japan. The installation of this system was completed by the company in 2022. It carried out everything from the general plant designing to the equipment supplying and commissioning, as well as installation. The new system has a rated output of 7,850 kW or about 8 MW. By using waste thermal energy to generate electricity for internal usage, the Saitama cement plant can save money on outside power purchases and reduce its annual carbon dioxide (CO2) emissions by around 23,000 tons.

Rising awareness of clean energy across the industrial sector and availability of energy-saving certificates in developed countries such as the U.S. and regions such as the European Union are expected to boost the demand for waste heat recovery systems over the forecast period. The supportive policies in countries such as China, India, Japan, and Australia are expected to boost the market growth in Asia Pacific over the forecast period.

Moreover, government regulations such as the Energy Conservation (Amendment) Bill, 2022, and incentives related to deploying energy-efficient devices play a pivotal role in promoting energy efficiency across the world. A number of countries have established energy efficiency standards and labeling programs for various products, which encourage manufacturers and consumers to prioritize energy-efficient devices over traditional devices.

The market is a concentrated market where major companies such as Siemens Energy, Mitsubishi Power, Ltd., General Electric account for significant market share in the market in 2022. These companies apart from equipment supply are also focusing on various strategic initiatives including partnerships, new launches, collaborations, and expansion.

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Waste Heat Recovery System Market Report Highlights 

  • Preheating segment is anticipated to grow at the fastest rate over the forecast period. One of the primary reasons for the growth of pre-heating applications is the potential for significant cost savings. By using waste heat instead of additional energy sources such as electricity and natural sources, companies can lower their operational expenses, making them more competitive in the market
  • Petroleum refinery segment emerged as the largest segment with a market share of 20.9% in 2023 and is expected to register the fastest growth over the forecast period. The significant increase in CO2 emissions underscores the need for oil refineries to take immediate and aggressive action to reduce their carbon footprint. WHRS can play a crucial role in this by capturing and utilizing waste heat, which reduces the overall energy consumption of the facility and subsequently lowers emissions
  • Liquid-liquid phase system emerged as the largest segment with a market share of 40.2% in 2023 and is expected to register robust growth over the forecast period. The rising demand for the growing petroleum and power industry across the globe driving the segment growth over the coming years. In the petroleum refining industry, the WHR systems are used for various procedures such as refinement, thermal cracking, and catalytic treatment
  • Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in April 2023, Damco Energy chose GE to build a new power plant. GE will offer its potent 9HA.02 natural gas turbine, steam turbine, generator, and heat recovery steam generator to build the new power station of 840 megawatts (MW). The plant will be operational in 2026

Access Press Release@ https://www.grandviewresearch.com/press-release/global-waste-heat-recovery-system-market

Waste Heat Recovery System Market Segmentation

Grand View Research has segmented the global waste heat recovery system market on the basis of on end-use, application, phase system, and region:

Waste Heat Recovery System Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Pre Heating
  • Power & Steam Generation
  • Others

Waste Heat Recovery System End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Petroleum Refinery
  • Power
  • Cement
  • Chemical
  • Metal Production & Casting
  • Pulp & Paper
  • Other

Waste Heat Recovery System Phase System Outlook (Revenue, USD Million, 2018 - 2030)

  • Liquid-liquid Phase System
  • Liquid-gas Phase System
  • Thermal Regeneration

Waste Heat Recovery System Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
  • Central and South America
    • Brazil
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • South Africa

List of Key Players in the Waste Heat Recovery System Market

  • Siemens Energy
  • Mitsubishi Power, Ltd.
  • General Electric
  • ABB
  • Turboden S.p.A.
  • Bosch Industriekessel GmbH
  • Exergy International Srl
  • Forbes Marshall
  • IHI Corporation
  • Terrapin

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.

Business-to-Business E-commerce Market Plying for Significant Growth During 2024-2030: Grand View Research Inc.

 

Business-to-Business E-commerce Market Growth & Trends

The global business-to-business e-commerce market size is projected to reach USD 57,578.97 billion by 2030, registering a CAGR of 18.2% from 2024 to 2030, according to a new study by Grand View Research Inc. Businesses are advocating for more efficient purchase processes with cashless and contactless payment choices as a result of the ongoing digital transformation. Business-to-Business (B2B) e-commerce enterprises are putting a strong emphasis on offering flexible payment options, including third-party financing and mobile wallets, which is prompting the growth of market growth. As B2B e-commerce enterprises continue to explore various alternatives to enhance purchasing experience, they are aggressively offering flexible payment options as part of their efforts to overcome the challenges associated with conventional payment options.

Cloud technology is poised to play a pivotal role in improving B2B capabilities as low infrastructure costs, and enhanced user experience with other apps, among other factors, continue to prompt B2B enterprises to rethink their business development strategy. With a cloud based B2B e-commerce market system in place, enterprises can ensure a scalable environment that enables them to respond to evolving business scenarios flexibly and agilely. The capacity of the cloud-based servers can be scaled dynamically in line with the changing demand and traffic. Moreover, given that the e-commerce software is deployed within an external data center, where both software and hardware are monitored and maintained simultaneously, software upgrades, hardware maintenance, security management, and data storage can be carried out dynamically without requiring any manual intervention.

Advances in AR and VR can also save the time consumers have to spend searching for the right products. The market enterprises aim to demonstrate their products or services in a virtual environment. For example, big-ticket items, such as industrial equipment and office spaces, can be promoted with the help of VR by featuring them in a 3D environment. Moreover, B2B e-commerce web and app developers can also create different experiences by combining AR with artificial intelligence (AI). At the same time, the growing preference among individuals for smart handheld and wearable devices, including smartphones and smart glasses, is driving the adoption of mobile AR to provide immersive experiences. All these trends are opening immense opportunities for the growth of the business-to-business e-commerce market.

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Business-to-Business E-commerce Market Report Highlights

  • The intermediary-oriented segment is expected to register the highest CAGR of around 19% over the forecast period. Intermediaries-oriented businesses is anticipated to grow as a wide range of consumer groups, from small and medium-sized enterprises (SMEs) to large corporations, expanding market reach, boosting sales growth, and supporting business development in the B2B e-commerce sector
  • The clothing segment is expected to register the highest CAGR of around 20% over the forecast period. The expansion of mobile devices and the implementation of omnichannel strategies enable companies to engage with customers across many encounters, enabling individualized shopping experiences and developing customer loyalty within the clothing B2B e-commerce ecosystem
  • The Asia Pacific region is expected to register a significant CAGR of around 19% over the forecast period. E-commerce platforms and digital marketplaces enable companies in the APAC region to reach diverse customer segments and target markets, including SMEs to large enterprises, thereby expanding their market penetration, driving sales growth, and promoting business development in the market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-b2b-e-commerce-market

Business-to-Business E-commerce Market Segmentation

Grand View Research has segmented the global business-to-business e-commerce market based on product category, deployment, and region:

B2B E-commerce Product Category Outlook (Market Value, USD Billion, 2018 - 2030)

  • Home & Kitchen Application
  • Consumer Electronics
  • Industrial & Science
  • Healthcare
  • Clothing
  • Beauty & Personal Care
  • Sports Apparels
  • Books & Stationery
  • Automotive
  • Others

B2B E-commerce Deployment Outlook (Market Value, USD Billion, 2018 - 2030)

  • Supplier-oriented
  • Buyer-oriented
  • Intermediary-oriented

B2B E-commerce Regional Outlook (Market Value, 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 and Africa
    • UAE
    • Saudi Arabia
    • South Africa

The Key Players in the B2B E-commerce Market include

  • com, Inc.
  • com
  • ASOS
  • Costco Wholesale Corporation
  • Dangdang
  • eBay Inc.
  • com
  • com
  • Lazada
  • MercadoLibre S.R.L.
  • Shopify
  • Shopee
  • Walmart
  • Wayfair LLC
  • Zalando

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.

Pharmaceutical Manufacturing Market Top Players ,Analysis And Forecast Till 2030: Grand View Research Inc.

Pharmaceutical Manufacturing Market Growth & Trends

The global pharmaceutical manufacturing market size is expected to reach USD 929.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.63% from 2023 to 2030. The pharmaceutical industry has undergone significant transformations as a result of technological advancements, cost-effective methods, and increased investments. These factors have had a positive impact on the growth of the market. The implementation of robotic technology and Artificial Intelligence (AI) has played a crucial role in reducing manufacturing floor downtime and minimizing product waste. By incorporating these technologies, efficiency, and productivity in pharmaceutical manufacturing processes have been greatly improved.

In addition, traditional open-transfer manufacturing methods have been replaced by the adoption of single-use disposable solutions, leading to streamlined operations and reduced risks of contamination. Moreover, there has been a notable shift toward integrated, smart, and data-rich paperless operations within the industry. This transition has resulted in error-free and precise production processes, ensuring the production of high-quality pharmaceutical products. These ongoing advancements in the market have significantly contributed to the progress of drug manufacturing. The development of personalized medicine has brought about a revolution in the healthcare sector, offering new opportunities to target various health conditions and paving the way for patient-centric models.

Consequently, there has been a shift from large-scale production to smaller batches to cater to the development of complex medicines and personalized treatments tailored to individual patients. This transformative shift has prompted manufacturers to restructure their supply chains in alignment with the patient-centric healthcare system. All such factors propel pharmaceutical manufacturing market growth over the forecast period. Furthermore, leading companies in the pharmaceutical industry have taken strategic initiatives to enhance their market presence and gain a competitive advantage. These key players actively engage in various activities, such as product development, collaboration & partnership models, agreements, business expansion, and merger & acquisition strategies.

These initiatives are also aimed at strengthening their product portfolios and meeting the growing demand for pharmaceutical products. For instance, in April 2022, Ferring Pharmaceuticals inaugurated an integrated manufacturing and research and development (R&D) facility in Hyderabad, India. This facility underscores Ferring's commitment to expanding its operations and capabilities. The R&D division of the facility focuses on areas, such as packaging development, formulation development, and analytical development. Ferring Pharmaceuticals aims to enhance its product offerings and meet the evolving needs of the market by investing in these areas.

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Pharmaceutical Manufacturing Market Report Highlights

  • In 2022, the conventional drugs (small molecules) segment accounted for the highest revenue share of over 54.9%. This is attributed to the easy availability of small molecules products, with high market penetration
  • The outsourcing segment dominated the market in 2022 with a revenue share of over 53%. Several benefits associated with outsourcing operations are expected to drive the segment growth at a lucrative pace over the coming years
  • In terms of revenue, the tablets segment dominated the market with a share of over 26.08 % in 2022. This is due to the wide availability of tablet-based products and types, such as film and enteric-coated, effervescent, and orally disintegrating tablets
  • The oral segment led the global market with a share of more than 58% in 2022. Oral dosage forms are affordable, easy to manufacture, and patient-friendly
  • The prescription medicines segment accounted for the maximum revenue share of 83.76% in 2022 and will expand further at a steady CAGR over the forecast period due to the growing prescription drug expenditures across the globe
  • North America dominated the market and accounted for a significant revenue share in 2022 due to a large number of strategic pharma partnerships, especially among the well-established and early-stage companies, in this region

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

Pharmaceutical Manufacturing Market Segmentation

Grand View Research has segmented the global pharmaceutical manufacturing market based on molecule type, drug development type, formulation, route of administration, therapy area, prescription, age group, sales channel, and region:

Pharmaceutical Manufacturing Molecule Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Biologics & Biosimilars (Large Molecules)
    • Monoclonal Antibodies
    • Vaccines
    • Cell & Gene Therapy
    • Others
  • Conventional Drugs (Small Molecules)

Pharmaceutical Manufacturing Drug Development Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • In-house
  • Outsource

Pharmaceutical Manufacturing Formulation Outlook (Revenue, USD Billion, 2018 - 2030)

  • Tablets
  • Capsules
  • Injectable
  • Sprays
  • Suspensions
  • Powders
  • Other Formulations

Pharmaceutical Manufacturing Route of Administration Outlook (Revenue, USD Billion, 2018 - 2030)

  • Oral
  • Topical
  • Parenteral
  • Inhalations
  • Other Routes of Administration

Pharmaceutical Manufacturing Therapy Area Outlook (Revenue, USD Billion, 2018 - 2030)

  • Cardiovascular Diseases (CVDs)
  • Pain
  • Diabetes
  • Cancer
  • Respiratory Diseases
  • Other Diseases

Pharmaceutical Manufacturing Prescription Outlook (Revenue, USD Billion, 2018 - 2030)

  • Prescription Medicines
  • Over-the-counter (OTC) Medicines

Pharmaceutical Manufacturing Age Group Outlook (Revenue, USD Billion, 2018 - 2030)

  • Children & Adolescents
  • Adults
  • Geriatric

Pharmaceutical Manufacturing Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)

  • Retail
  • Non-retail

Pharmaceutical Manufacturing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Pharmaceutical Manufacturing Market

  • Hoffmann-La Roche Ltd.
  • Novartis AG
  • GlaxoSmithKline plc
  • Pfizer, Inc.
  • Merck & Co., Inc.
  • AstraZeneca
  • Johnson & Johnson
  • Sanofi SA
  • Eli Lilly and Company
  • AbbVie, Inc.
  • Thermo Fisher Scientific, Inc.
  • Wuxi Apptec
  • Samsung Biologics
  • FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
  • Lonza
  • Catalent Pharma Solutions
  • Jubilant Pharmova Limited

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.

Generative AI Market to Incur Meteoric Growth During 2024 to 2030: Grand View Research Inc.

 Generative AI Market Growth & Trends

The global generative AI market size is anticipated to reach USD 109.37 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 36.5% from 2024 to 2030. Growing demand to modernize workflow across industries is expected to drive the demand for generative AI applications among industries. Other factors that propel the market growth include the evolution of AI and deep learning, a rise of creative applications & content creation, and innovation of cloud storage, allowing easy data access. Moreover, the introduction of AI-powered gaming that provides more high-level visuals and graphics, interactivity, and a more realistic feel is projected to boost market growth in the coming years.

The COVID-19 pandemic had a positive impact on the market. Many organizations adopted AI & Machine Learning (ML) as a response to the pandemic. Many key players, such as Microsoft, IBM, Google LLC, and Amazon Web Services, Inc., witnessed a growth in sales of AI-based technology during the pandemic. Moreover, the accelerated advancement of digital platforms empowered the adoption of generative AI applications. For instance, in June 2020, Amazon Web Services, Inc. announced the addition of a new generative AI algorithm, Autoregressive Convolutional Neural Network (AR-CNN), to its AWS DeepComposer suite of products, allowing developers to create excellent music digitally.

AWS DeepComposer also provides learning capsules to developers to learn the basics of algorithms. Many generative AI market players offer solutions for numerous applications, such as text-to-image, image-to-image, and super-resolution. For instance, in March 2023, Microsoft Corporation, a software company in the U.S., launched Microsoft 365 Copilot, an AI assistant feature for Microsoft 365 services and applications. Microsoft 365 Copilot can benefit businesses by saving time, streamlining and automating their IT processes, and increasing productivity. Moreover, these industry players are researching generative AI technology for advanced image resolution, face aging, and video resolution technologies.

For instance, U.S.-based Tesla is developing autonomous algorithms using data from car sensors. Also, the neural networks are further trained to perform object detection and semantic segmentation. Investment in the AI and ML sectors to support the market will drive the North America regional market. The presence of tech players in the U.S. and Canada provides lucrative growth opportunities for the regional market. For instance, big tech companies like Microsoft Corporation, Google LLC, and Amazon Web Service are investing in generative AI startups and technology. Asia Pacific is expected to grow at a considerable CAGR from 2024 to 2030 owing to the expansion of end-user industries in countries, such as China and Japan.

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Generative AI Market Report Highlights

  • The software segment accounted for the highest revenue share of 64.5% in 2023 and is expected to retain its position over the forecast period. Rising use of generative AI-based software owing to its benefits, such as better image resolution, reduced conversion time, enhanced performance, and quick availability of output is attributed to market growth
  • The transformers technology segment dominated the market with a share of 41.3% in 2023 and is expected to grow at a significant CAGR from 2024 to 2030. This can be attributed to the rising adoption of transformer applications worldwide that focus on predicting text and analyzing words. The diffusion networks segment is expected to grow at the fastest CAGR of 39.1% from 2024 to 2030 due to the variety and penetration of diffusion network applications to deliver generative models that generate realistic output
  • The media & entertainment segment accounted for the maximum revenue share of 22.6% in 2023 due to the increasing adoption of generative AI for creating better advertisement campaigns and generative AI-based digital platforms for shopping. The BFSI segment is likely to grow at the fastest CAGR from 2024 to 2030
  • North America held the largest share of 40.2% in 2023 and is expected to grow at a significant CAGR from 2024 to 2030. This can be attributed to the presence of a large number of key players as well as technology organizations. Asia Pacific is anticipated to register a CAGR of over 37.5% from 2024 to 2030 owing to developing technology infrastructure and government initiatives
  • In March 2022, Google LLC, announced the acquisition of Mandiant, a cybersecurity firm, for USD 5.4 billion. This acquisition would help Google LLC provide better advisory services and security operations suites, which will help customers resolve their most critical security challenges

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

Generative AI Market Segmentation

Grand View Research has segmented the global generative AI market based on component, technology, end-use, application, model, and region:

Generative AI Component Outlook (Revenue, USD Billion, 2017 - 2030)

  • Software
  • Service

Generative AI Technology Outlook (Revenue, USD Billion, 2017 - 2030)

  • Generative Adversarial Networks (GANs)
  • Transformers
  • Variational Auto-encoders
  • Diffusion Networks

Generative AI End-use Outlook (Revenue, USD Billion, 2017 - 2030)

  • Media & Entertainment
  • BFSI
  • IT & Telecommunication
  • Healthcare
  • Automotive & Transportation
  • Gaming
  • Others

Generative AI Application Outlook (Revenue, USD Billion, 2017 - 2030)

  • Computer Vision
  • NLP
  • Robotics And Automation
  • Content Generation
  • Chatbots & Intelligent Virtual Assistants
  • Predictive Analytics
  • Others

Generative AI Model Outlook (Revenue, USD Billion, 2017 - 2030)

  • Large Language Models
  • Image & Video Generative Models
  • Multi-modal Generative Models
  • Others

Generative AI Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Generative AI Market

  • Adobe Inc.
  • Amazon Web Services, Inc.
  • D-ID
  • Genie AI Ltd.
  • Google LLC
  • International Business Machines Corporation
  • Microsoft Corporation
  • MOSTLY AI Inc.
  • ai
  • Synthesia

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.

Restaurant Management Software Market to Reflect a Holistic Expansion During 2023 to 2030: Grand View Research Inc.

 Restaurant Management Software Market Growth & Trends

The global restaurant management software market size is expected to reach USD 14.70 billion by 2030, expanding at a CAGR of 16.3% from 2023 to 2030, according to a recent report by Grand View Research, Inc. The market is expected to witness significant growth owing to the growing internet and smartphone penetration rate, the rising preference for Point-of-Sale (POS) technology, and the restaurants’ strong emphasis on making data-driven decisions for businesses.

Moreover, the growing focus of companies to improve client-server interaction with an IoT-based system has encouraged them to opt for advanced and custom high-performance message infrastructure solutions. Thus, more informed decisions are made based on the insights provided by the software, thereby increasing the profitability of the restaurant. With growing investments in technology in the restaurant industry, restaurant management software providers are expected to witness promising growth opportunities over the forecast period.

In recent years, automation has played an important role in the transformation of the restaurant industry. The growing need to deliver enhanced customer experiences has increased the adoption of the latest technologies that could simplify food ordering, delivery, and transaction processes for customers. The use of cashless payment mobile apps and wallets, QR-code menus, and other touchless payments is poised to become more mainstream over the forecast period. Several restaurant owners have started investing heavily in kitchen automation solutions to deliver consistent customer experience and achieve efficiency across all business operations. This trend is also expected to drive market growth.

Several vendors are offering a myriad of restaurant management software solutions that can streamline the operations of restaurants. Although several vendors offer standalone restaurant solutions, these solutions do not allow unified interaction with other systems already deployed by restaurants. As a result, restaurateurs end up with different systems operating in the same business environment but having limited connectivity with each other, which restricts the mutual sharing of information. This is driving the demand for a unified software platform that can cater to all the major software applications required by a restaurant, or can integrate easily with other prominent software solutions. These factors would further drive the industry’s growth.

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Restaurant Management Software Market Report Highlights

  • The cloud segment accounted for a market share of 55.3% in 2022. Benefits such as easy maintenance and automatic upgradation, availability of large data storage space, improved data security, and easy integration with other technologies deployed for managing distinct operations in the restaurant are driving the demand for cloud-based solutions
  • The purchasing & inventory management segment is anticipated to observe a CAGR of 16.5% during the forecast period. The growth can be attributed to the increasing demand from restaurants for software solutions that serve automated purchase control, determine food availability in fresh conditions, manage food and stock availability in the warehouse, and prevent the mixing of certain ingredients. This has enabled software providers to offer one-stop solutions to restaurant owners
  • The Quick Service Restaurant (QSR) segment is anticipated to observe a CAGR of 18.0% during the forecast period. By leveraging technologies such as scan and learn, mobile ordering apps and websites, and freshness detectors, QSRs can provide details about the food ingredients and their nutritional content to help customers make healthier and informed food choices. For instance, Track My Macca’s, an Australian McDonald’s app, allows customers to scan an order and track the details of ingredients used in their food
  • The Asia Pacific regional market size is expected to reach USD 4,337.9 million by 2030. Due to the significant growth opportunities in developing countries such as India and China, the region is a prominent market for full-service restaurants. Furthermore, the region's growing demand for organized food services and the growing trend of out-of-home dining is expected to drive regional market growth

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

Restaurant Management Software Market Segmentation

Grand View Research has segmented the global restaurant management software market based on software, deployment, end-use, and region:

Restaurant Management Software Outlook (Revenue, USD Million, 2018 - 2030)

  • Front-end Software
  • Accounting & Cash Flow
  • Purchasing & Inventory Management
  • Table & Delivery Management
  • Employee Payroll & Scheduling
  • Others

Restaurant Management Software Deployment Outlook (Revenue, USD Million, 2018 - 2030)

  • Cloud
  • On-premise

Restaurant Management Software End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Full-service Restaurant (FSR)
    • Fine Dine
    • Casual Dine
  • Quick Service Restaurant (QSR)
  • Institutional
  • Others

Restaurant Management Software Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia

List of Key Players in the Restaurant Management Software Market

  • Fiserv, Inc.
  • Personica (Fishbowl Inc.)
  • Fourth Enterprises LC.
  • Jolt
  • NCR Corporation
  • OpenTable, Inc.
  • Oracle Corporation
  • Revel Systems
  • Square Capital, LLC
  • TouchBistro

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.

Probiotics Market is Estimated To Attain $220.14 Billion by 2030

 Probiotics Market Growth & Trends

The global probiotics market size is expected to reach USD 220.14 billion by 2030, growing at a CAGR of 14.0% from 2023 to 2030, according to a new study by Grand View Research, Inc. The market is experiencing steady growth driven by several factors including shifting dietary preferences toward healthier foods coupled with the rising consumer awareness about digestive health products. Manufacturers in the industry are increasingly focused on distribution agreements and partnerships for probiotic sales. For instance, in September 2020, OptiBiotix Health Plc., a UK-based probiotic nutritional supplement manufacturer, announced an exclusive distribution agreement with Ayalla Marketing for the former’s product distribution in Brazil. In such an agreement, manufacturers often decide the minimum order quantity to facilitate cost-effective shipments.

In addition, Meluka Australia, a company that expanded its probiotic range in collaboration with Probiotics Australia in 2021, also expanded its retail channels through other strategic alliances. The company launched an e-commerce channel via WhatsApp in March 2022. It implemented a conversational messaging technology offered by Gupshup for customer engagement. Its e-commerce store is accessible to Australian customers via the WhatsApp platform. Moreover, e-commerce is increasingly becoming popular owing to the availability of a wide range of supplements and probiotic food products. Various companies, especially new entrants, in the global market are collaborating with e-commerce companies to promote their products as well as achieve maximum market penetration.

In addition, supplement manufacturers are increasingly incorporating functional ingredients into products to increase their nutritional value. Ingredient suppliers and supplement manufacturers are focusing on product innovation to expand their portfolio of probiotics and probiotic-based foods and better cater to the specific nutrition conditions of consumers with digestive health problems. For example, in August 2021, SkinBio Therapeutics launched new probiotic supplements targeted at the skin condition psoriasis. This product launch was aimed at expanding the use of probiotics in different application areas.

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Probiotics Market Report Highlights

  • The demand for probiotic dietary supplements is expected to grow at a CAGR of 14.1% from 2023 to 2030, driven by the growing consumer awareness of the health benefits offered by probiotic supplements
  • The demand for yeast-based probiotics is projected to grow at a CAGR of 13.4% during the forecast period. Dietary supplements are made using yeast as it has proteins, amino acids, vitamin B, and peptides, and is safe for all age groups
  • The sales of probiotics through supermarkets/hypermarkets dominated the market in 2022 with a revenue share of over 30% and are expected to continue dominance throughout the forecast period. The availability of a wide range of product offerings, also enabling easy comparisons for customers, is expected to drive this dominance
  • The demand for probiotics in the Middle East & Africa region is expected to grow at a CAGR of nearly 15% during the forecast period. It is mainly driven by the increasing demand in countries, such as Saudi Arabia, South Africa, and UAE

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

Probiotics Market Segmentation

Grand View Research has segmented the global probiotics market based on product, ingredient, end-use, distribution channel, and region:

Probiotics Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Probiotic Food & Beverages
    • Dairy Products
    • Non-dairy
    • Cereals
    • Baked Food
    • Fermented Meat
    • Dry Foods
  • Probiotic Dietary Supplements
    • Food Supplements
    • Nutritional Supplements
    • Specialty Supplements
    • Infant Formula
  • Animal Feed

Probiotics Ingredient Outlook (Revenue, USD Million, 2017 - 2030)

  • Bacteria
  • Yeast

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

  • Human Probiotics
  • Animal Probiotics

Probiotics Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

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

Probiotic Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Probiotics Market

  • Arla Foods Group
  • BioGaia AB
  • Hansen Holding A/S
  • Danone
  • DuPont De Nemours, Inc.
  • General Mills, Inc.
  • i-Health, Inc.
  • Lallemand Inc.
  • Lifeway Foods Inc
  • Mother Dairy Fruit & Vegetable Pvt. Ltd
  • Kerry
  • Nestle S.A.
  • Probi AB
  • Yakult Honsha 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.

Protein Ingredients Market to Observe Strong Development by 2030: Grand View Research Inc.

 Protein Ingredients Market Growth & Trends

The global protein ingredients market size is expected to reach USD 85.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.5% from 2021 to 2028. The market is expected to witness significant growth over the forecast period owing to increasing consumer awareness regarding maintaining a healthy diet and leading an active lifestyle. In addition, the growing popularity of adopting a high protein diet as a part of weight reduction is expected to propel the demand for protein ingredients.

Increasing innovations by various manufacturers in terms of manufacturing proteins that contain a wide range of amino acids and specific functions, including energy balance, weight loss, muscle repair, and satiety, are expected to create immense growth potential for the market over the forecast period. Moreover, ascending demand for protein ingredients among women owing to the prevalence of the ‘strong not skinny’ trend as well as the rising popularity of resistance training among women are factors likely to fuel the market growth.

There has been an increase in the demand for supplements and natural prevention, a rise in the consumption of snack-based meal replacements, and growth in the consumer demand for greater ingredient traceability and authenticity. Moreover, rising demand for higher protein density in mainstream diet and growing multiple nutritional segments addressing various consumer needs on the basis of different life stages, gender, health issues, performance demands, regional diets, and regulatory framework are some of the other major trends being observed in the market.

The protein ingredients companies have been launching new products to cater to the rising demand among health-conscious consumers. For instance, in October 2018, the company DuPont launched a new protein ingredient (pea protein) under the brand TRUPRO 2000 for use in beverage applications. DuPont introduced the new product to further expand its product offerings and increase its penetration in the beverages industry.

Furthermore, in August 2019, Cargill, Incorporated invested in a U.S.-based company called Puris that is operating in the field of plant-based ingredients. A total sum of USD 75 million was invested to cater to the rising demand for pea protein ingredients in the U.S. market. Many international players are looking to make such investments to capitalize on the growing demand for pea protein. Urbanization, westernization of diets, population growth, expanding middle-class with higher disposable income, increasing frequency of exercise, and rising focus on leading an active and healthy lifestyle in the emerging economies, including China and India, are factors expected to drive the demand for protein ingredients.

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Protein Ingredients Market Report Highlights

  • By product, plant proteins are expected to witness the fastest growth over the forecast period owing to the increased use of protein ingredients in food and beverages. Increasing use of plant proteins in a wide range of applications, including manufacturing of fertilizers, paper coatings, and printing inks, is creating lucrative growth opportunities for the segment
  • Animal/dairy proteins held the largest revenue share of over 70.0% in 2020 owing to the growing adoption of these products in developed markets. Whey protein is expected to witness significant growth over the forecast period as it is largely popular among fitness-savvy consumers
  • North America dominated the market with more than 40.0% share of the global revenue in 2020 owing to the high demand from the U.S. food and beverages sector. Consumer markets developing in Asia Pacific are growing at a high pace due to a rise in disposable income and changing lifestyle, resulting in significant growth of the regional market
  • The Middle East and Africa is expected to exhibit a revenue-based CAGR of 9.6% from 2021 to 2028. This is attributed to supportive government policies as well as improved economic indicators, which have resulted in the increased availability of packaged foods amongst the urban and rural population

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

Protein Ingredients Market Segmentation

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

Protein Ingredients Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Plant Proteins
    • Cereal-based
    • Legumes-based
    • Root-based
    • Nuts & Seeds-based
    • Ancient Grains
  • Animal/Dairy Proteins
    • Egg Protein
    • Milk Protein Concentrates/Isolates
    • Whey Protein Concentrates
    • Whey Protein Hydrolysates
    • Whey Protein Isolates
    • Gelatin
    • Casein/Caseinates
    • Collagen Peptides
  • Microbe-based Proteins
    • Algae
    • Bacteria
    • Yeast
    • Fungi
  • Insect Protein
    • Coleoptera
    • Lepidoptera
    • Hymenoptera
    • Orthoptera
    • Hemiptera
    • Diptera
    • Others

Protein Ingredients Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • Food & Beverages
    • Bakery & Confectionery
    • Beverages
    • Breakfast Cereals
    • Dairy Alternatives
    • Dietary Supplements/Weight Management
    • Meat Alternatives & Extenders
    • Snacks
    • Sports Nutrition
    • Others
  • Infant Formulations
  • Clinical Nutrition
  • Animal Feed
  • Others

Protein Ingredients Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

  • North America
    • US.
  • Europe
    • Germany
    • UK.
    • France
  • Asia Pacific
    • China
    • India
  • Central & South America
  • Middle East & Africa (MEA)

List of Key Players of Protein Ingredients Market

  • DuPont
  • Rousselot
  • Archer Daniels Midland Company
  • Burcon NutraScience
  • Tessenderlo Group
  • Kewpie Corporation
  • Roquette Frères
  • The Scoular Company
  • CHS Inc.
  • Mead Johnson & Company, LLC

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.

License Management Market Size, Trends, and Growth Forecast 2033

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