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Bare Metal Cloud Market was valued at USD 5,800 million in 2021 and is projected to reach USD 35,240 million in 2029 growing at a very high CAGR of 25.3% during 2022-2029
The factors driving growth of Bare Metal Cloud Market includes rapid growth IT & Services industry, rise in the number of data centers around the world, increase in the volumes of monetary transactions, emerging need for reliable data balancing of data-intensive operations and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data Analytics by major companies, rising awareness about the benefits offered by bare metal cloud services and rapid urbanization, are some of the additional factors supplementing the Bare Metal Cloud Market size. In addition, the increasing investments by major companies on research and development, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.
However, growth of the Bare Metal Cloud Market is hindered due to high operational cot of bare metal cloud services.
The major players operating in the market are Equinix, Inc., Alibaba Cloud, Scaleway, Oracle, IBM, Internap Holding LLC, OVHcloud, Rackspace Technology, Amazon Web Services and Inc., Dell Inc., among others.
Based on Type, the Commute Services segment is predicted to grow at a significant CAGR during the forecast period
Increasing use of commute services for enhancing distribution of workloads across multiple computing resources such as network links, central processing, and disk drives, is propelling Bare Metal Cloud Market share.
Based on Verticals, the Banking, Financial, Services, and Insurance (BFSI) segment is projected to grow at a robust CAGR over the forecast period
Bare metal cloud services provide enhanced protection during online transactions and rise in data traffic in the banking industry, are some of the factors pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Increase in Government’s expenditure on smart city projects, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) by major companies, rapid urbanization, and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Developments
February 2021, IBM introduced high-speed, hybrid cloud, flash storage systems and container-centric updates to make enterprise class storage accessible to businesses of all sizes and needs
March 2020, Equinix completed the acquisition of Packet, a bare metal automation platform provider which rapidly deploy digital infrastructure by leveraging Packet’s innovative and developer-oriented bare metal service offering to accelerate its organic bare metal solution development.
Market Segmentation
Segmentation by Service Type
Compute Services
Networking Services
Database Services
Security Services
Storage Services
Professional Services
Managed Services
Segmentation by Verticals
Banking, Financial, Services, and Insurance (BFSI)
Retail and Consumer Goods
IT and ITeS
Telecommunications
Healthcare and Life Sciences
Manufacturing
Media and Entertainment
Government
Others
Segmentation by Organization size
Small and Medium-sized
Large Enterprises
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
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Mubaz
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Laminated Busbar Market was value at USD 918 million in 2021 and is expected to rise at a single digit CAGR of 6.4% during the forecast period, and is estimated to reach USD 1,508 million in 2029
The factors driving growth of Laminated Busbar Market includes increasing focus on utilizing renewable energy sources of energy, growing demand for safe and secure electrical distribution systems, rising penetration of electric and hybrid vehicles around the world and improvements in the living standards. Moreover, growing consumption of electricity, rising awareness about saving energy, technological advancements in laminated busbars, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic collaborations between key industry players and growing population growth rates, are further contributing towards the market growth.
However, growth of the Laminated Busbar Market is hindered due to complications associated with the manufacturing of laminated busbars.
The major players operating in the Laminated Busbar Market are Sun.King Power Electronics, Auxel FTG, Idealec SAS, Rogers Corporation, Amphenol Corporation, Mersen SA, Ryoden Kasei Corporation, Shanghai Eagtop Electronic Technology, Methode Electronics Inc, and Chevron Corporation among others.
Based on Material, the Copper segment is predicted to grow at a significant CAGR during the forecast period
Increasing application of copper for manufacturing laminated busbars because it offers higher conductivity, is the major factor spurge growth of the segment.
Based on Insulation Material, the Epoxy Powder Coating segment is projected to expand at a robust CAGR over the forecast period
Increasing demand for epoxy coating solutions in switch gear and motor drive applications, is propelling Global Laminated Busbar Market.
Based on Region, the European region is anticipated to expand at a remarkable CAGR during the forecast period
Increase in Government’s expenditure on the renewable energy projects, rise in the sales of electric vehicles across United Kingdom and Germany, rapid industrialization, growing population growth rates and high per capita incomes, are some of the important factors augmenting the Agricultural Lubricants Market size in the European region.
Key Development
In 2018, Mersen SA completed the acquisition of FTCAP, wherein FTCAP acted as an independent subsidiary. Through this acquisition, Mersen SA expanded its range of capacitors, which are mainly used for the development of powerful and efficient electronic systems.
Market Segmentation
Segmentation by Material
Copper
Aluminium
Segmentation by End-User
Utilities
Industrial
Commercial
Residential
Segmentation by Insulation Material
Epoxy Powder Coating
Polyester Film
PVF Film
Polyester Resin
Heat-Resistant Fiber
Polyimide Film
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
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Underfloor Heating Market was valued at USD 4.5 billion in 2021 and is projected to rise at a single digit CAGR of 7.1% over the forecast period, reaching USD 7.8 billion in 2029
The factors driving growth of Underfloor Heating Market includes increasing number of green building projects, retrofitting of residential & small commercial spaces such as offices, retail stores and institutions, expansion of the real-estate industry, Government initiatives to reduce greenhouse emissions and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing deployment of underfloor heating systems in kitchen and bathroom spaces, shift towards clean heating technology, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Underfloor Heating Market share. In addition, the increasing investments by major corporations on research and developments, strategic partnerships between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Underfloor Heating Market is hindered due to problems related to installation of underfloor heating systems.
The leading players operating in the market are Schneider Electric SE (France), Siemens AG (Germany), Robert Bosch (Germany), Danfoss A/S (Denmark), Uponor Corporation (Finland), Emersion Electric Co. (US), Pentair PLC (US), Mitsubishi Electric Corporation (Japan), Honeywell International (US), and Nexans S.A. (France), among others.
Based on Product Type, the Hydronic underfloor heating segment is predicted to dominate the market during the forecast period
Increasing application of hydronic underfloor heating solutions in marble, slate, carpet, timber, and stones, is propelling Underfloor Heating Market size.
Based on Application Type, the Residential {Single Family, Multi Family} segment is projected to expand at a remarkable CAGR over the forecast period
Increase in the number of home renovation activities across the globe, growing adoption of modern designs and favorable Government policies for the installation of energy efficient systems, are pushing growth of the segment.
Based on Region, the European region is anticipated to capture the largest market share during the forecast period
Presence of the leading players such as Robert Bosch (Germany), Danfoss A/S (Denmark), Uponor Corporation (Finland), rise in the construction of green buildings, rapid urbanization, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the European region.
Market Segmentation
Segmentation by Product Type
Electric underfloor heating• Hydronic underfloor heating
Segmentation by Application Type
Residential {Single Family, Multi Family}• Industrial• Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}
Segmentation by Installation Type
Existing buildings• New buildings
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
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Packaged Salad Market was valued at USD 11.1 billion in 2021 and is estimated to hit USD 21.2 billion in 2029, increasing at a CAGR of 8.4% during the forecast period, 2022-2029
The factors driving the growth of Packaged Salad Market includes rise in the consumption of organic food and beverages, growing influence of social media platforms and increasing demand for precooked salad products and improvements in the living standards. Moreover, increasing availability of packaged salad food at restaurants and retail outlets, growing adoption of advanced technologies by manufacturers, rising prevalence of obesity around the world and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, strategic mergers, and collaborations between key companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Packaged Salad Market is hindered due to inadequate knowledge amongst consumers about packaged salad products in the developing countries.
The leading players operating in the market are Mann Packing Co., Inc., Earthbound Farm, Bonduelle, Misionero, BrightFarms, Inc., Organicgirl, LLC, Eat Smart (Curation Foods), Gotham Greens Holdings, LLC, Fresh Express, Incorporated and Dole Food Company, Inc., among others.
Based on Product, the Vegetarian segment is predicted to capture the largest market share during the forecast period
Rising concerns related to animal cruelty, growing trend of veganism and excessive consumption of meat causes coronary heart disease and stroke, are some of the factors pushing Packaged Salad Market size.
Based on Distribution Channel, the Offline segment is projected to dominate the market over the forecast period
Offline retail outlets such as shopping malls and departmental stores offer wide range of packaged salad foods at huge discount offers, which is propelling growth of the segment.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
Presence of the leading players such as Earthbound Farm, Misionero and Organicgirl, LLC, icnreasing demand for precooked salad products in the United States, hectic lifestyles, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
Key Development
In 2020, Dole Food Company Inc. introduced DOLE FreshTakes Ready-To-Eat Salad Bowls in the Western United States after its successful debut in the Eastern U.S.
Market Segmentation
Segmentation by Product
Non-vegetarian
Vegetarian
Segmentation by Salad Type
Packaged Kits
Packaged Greens
Segmentation by Distribution Channel
Offline
Online
Segmentation by Processing
Conventional
Organic
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
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Ethylene Carbonate Market touched USD 480 million in 2021 and is projected to reach USD 788 million in 2029 growing at a CAGR of 6.4% during the forecast period 2022-2029.
The factors driving the growth of Ethylene Carbonate Market includes growing demand for lithium-ion batteries and increasing application of Ethylene Carbonate in oil and gas, consumer electronics and automotive industry and rising sales of Electric Vehicles around the world. Moreover, the growing use of Ethylene Carbonate as a solvent in resins, adhesives & sealants, and increasing environment concerns about global warming and depletion of fossil fuels around the world, are pushing the demand for Ethylene Carbonate solutions. In addition, rapid urbanization, rising disposable incomes and increasing economic activities in the emerging economies such as China, Brazil, and South Korea, are expected to boost the market growth in the approaching year.
However, the growth of Ethylene Carbonate Market is hindered due to fluctuations in the prices of raw materials.
The prominent players operating in the market are New Japan Chemical Co., Ltd., Asahi Kasei Corporation, BASF SE, TOAGOSEI CO., LTD., Huntsman International LLC, Donghai Industries, Alchem Chemical Company, Alfa Aesar, OUCC and Mitsubishi Chemical Corporation among others.
Application – Segment Analysis
Based on the application, the lubricants segment is estimated to expand at a remarkable CAGR over the forecast period due to increasing application of Ethylene Carbonate in oil and gas and automotive sector.
End-Use Industry – Segment Analysis
According to Ethylene Carbonate Market Analysis, the automotive segment is projected to grow at a promising CAGR during the forecast period attributed to growing sales of lithium-ion batteries around the world.
Regional: Segment Analysis
Based on the region, the Asia-Pacific region is projected to grow at a faster CAGR during the forecast period. The increasing application of Ethylene Carbonate in automotive and healthcare industry, reduced labor cost and Government policies for pushing the manufacturing of electric vehicles, are propelling the market growth in the Asia-Pacific region. The Production Linked Incentive scheme implemented by Government of India aims at increasing the production of Advanced Chemistry Cell (ACC), which will boost the demand for electric vehicles.
Market Segmentation
Global Ethylene Carbonate Market by Application
Surface Coatings
Plasticizers
Lubricants
Lithium Battery Electrolytes
Others
Global Ethylene Carbonate Market by End-Use Industry
Automotive
Oil & Gas
Personal Care & Hygiene
Healthcare
Others
Global Ethylene Carbonate Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
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Saudi Arabia Ready Meals Market is expected to grow at a CAGR of 6.7%, during the forecast period (2019-2026).
The factors driving growth of the Saudi Arabia Ready Meals Market includes increasing consumers inclination towards adopting healthy lifestyles, rise in the volumes of food ordered through online platforms, growing demand for international food and foreign cuisines and improvements in the living standards. For instance, the revenue generated by online food delivery across Saudi Arabia is expected to reach USD 7.90 billion by the end of 2022, growing at a CAGR of 12.50% over the forecast period (2022-2027), which is expected to accelerate the Saudi Arabia Ready Meals Market Growth in the approaching years. Moreover, rising influence of western culture across Saudi Arabia, growing popularity of frozen or chilled food items, increasing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the Saudi Arabia Ready Meals Market size. In addition, the increasing investments by major companies on research, strategic mergers, and collaborations between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
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However, growth of the Saudi Arabia Ready Meals Market is hindered attributed to increasing prevalence of obesity amongst children.
The major players operating in the Saudi Arabia Ready Meals Market are Al Karamah Dough Production Co. Ltd, McCain Foods Limited, Kraft Heinz Company, The Savola Group, Sunbulah Group, Americana Group, Conagra Brands, Inc., Nestle S.A., Halwani Brothers Co., Ltd., and Supreme Foods Processing Company, among others.
Based on Category, the Frozen Ready Meals segment is predicted to dominate the market over the forecast period
Frozen ready meals are easy to cook, retains essential vitamins, minerals, and carbohydrate, are pushing growth of the segment.
Based on Product, the Burger segment is projected to capture the largest market share during the forecast period
Growing influence of western cuisines across Saudi Arabia, increasing per capita incomes and hectic lifestyles, are propelling growth of the segment.
Based on Distribution Channel, the Retail and Supermarket segment is anticipated to dominate the market over the forecast period
Supermarkets and offer wide range of ready meal products at attractive discounts, and provides multiple payment options to customers, are augmenting growth of the segment.
Key Development
In 2018, the Savola group, acquired 51% stake of Al Kabeer Group, through this acquisition, company plans to expand portfolio in the food sector.
Market Segmentation
Segmentation by Category
Canned Ready Meals
Frozen Ready Meals
Dried Ready Meals
Others
Segmentation by Product
Parathas & Tortilla wraps
Biryani
Meat Products
Pizza
Cup Noodles
Prepared Salads
Poultry Products
Sea Foods
Burger
Others
Segmentation by Distribution Channel
Retail and Supermarket
Online
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
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The Saudi Arabia Diabetes Care Devices Market is expected to grow at a robust CAGR over the forecast period (2020-2027).
The factors driving growth of the Saudi Arabia Diabetes Care Devices Market includes increase in Government’s expenditure on enhancing the healthcare infrastructure, growing prevalence of diabetes, rising consumers inclination towards adopting healthy lifestyles and rapid urbanization. According to the report published by International Trade Administration (ITA), under the Vision 2030, the Government of Saudi Arabian Government is planning to invest more than USD 65 billion for developing country’s healthcare infrastructure and targets to privatize 290 hospitals, which will push the market growth in coming years. Moreover, growing adoption of advanced technologies by manufacturers, rising awareness about preventive diabetes care, increase in the launch of new products and improvements in the living standards, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, strategic mergers and collaborations between companies and rising population growth rates, are further contributing towards the market growth.
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However, growth of the Diabetes Care Devices Market in Saudi Arabia is hindered attributed to its negative effects.
Based on Product Type, the Blood Glucose Monitoring Device segment is predicted to capture the largest market share during the forecast period
Blood glucose monitoring devices are increasingly gaining popularity in Saudi Arabia because it automatically tracks blood glucose levels, throughout the day and night and allows users to monitor changes over a few hours or day, are propelling the segment’s growth.
On the other hand, the Insulin Delivery Device segment is projected to grow at a significant CAGR attributed to increasing prevalence of diabetes across Saudi Arabia, rising per capita incomes and rapid urbanization.
Based on End-User, the Homecare Setting segment is anticipated to expand at a remarkable CAGR over the forecast period
Increasing availability of homecare diabetes devices at affordable prices, rising consumers preference for purchasing blood glucose monitoring devices rather than visiting hospitals and growing population growth rates, are some of the factors augmenting the segment’s growth.
Market Segmentation
Segmentation by Product Type
Blood Glucose Monitoring Device
Insulin Delivery Device
Segmentation by End-User
Hospitals
Homecare Setting
Others
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
Mubaz
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The South Africa Cloud Computing Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).
The factors driving growth of the South Africa Cloud Computing Market includes increasing internet penetration rates across South Africa, roll-out of 5G technology, rapid economic growth, rising demand for video streaming platforms such as Amazon Prime, Disney+ and Netflix and improvements in the living standards. According to the report published by Statista, the internet user penetration across South African is expected to increase from 74.17% in 2021 to 90.05% by the end of 2027, which will accelerate the accelerate the market growth in South Africa in the approaching years. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data Analytics, Government initiatives to promote digitalization and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rise in the launch of new products and growing awareness about the benefits of using cloud services, are further contributing towards the market growth.
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However, growth of the South Africa Cloud Computing Market is hindered due to rising concerns related to cyberattacks.
Based on Service Model, the Infrastructure as a Service segment is predicted to grow at a significant CAGR during the forecast period
Infrastructure as a service model enhances overall performance, reduces capital costs, and provides flexibility and scalability along with rising penetration of hybrid cloud platforms, are some of the factors propelling segment’s growth.
Based on Organization Size, the Small and Medium-Sized Enterprises is projected to grow at a robust CAGR over the forecast period
Growing adoption of cloud computing services by small and medium enterprises to enhance business operations related to financial management, project management and marketing, is pushing growth of the segment.
Based on Industry Verticals, the Banking, Financial Services, and Insurance segment is anticipated to expand at a remarkable CAGR during the forecast period
As per the South Africa Cloud Computing Market Analysis, cloud-based services offer secured storage facilities, 24*7 uptime and are increasingly used in payment gateways, digital wallets, and online fund transfer, are some of the important factors augmenting segment’s growth.
Key Developments
In 2021, Oracle developed its cloud region in countries including Brazil, the UAE, Saudi Arabia, Italy, Spain, France, Singapore, South Africa, Israel, among other countries.
In 2021, IBM and Junior Achievement (JA) South Africa launched OPEN P-TECH for Africa program which will offer South Africa’s youth with skills related to the digital era and marketplace.
Market Segmentation
Segmentation by Service Model
Infrastructure as a Service
Platform as a Service
Software as a Service
Segmentation by Deployment Model
Public Cloud
Private Cloud
Hybrid Cloud
Segmentation by Organization Size
Small and Medium-Sized Enterprises
Large Enterprises
Segmentation by Workload
Storage, Backup, and Disaster Recovery
Application Development and Testing
Database Management
Business Analytics
Integration and Orchestration
Enterprise Resource Management
Collaboration and Content Management
Segmentation by Industry Verticals
Banking, Financial Services and Insurance
IT and Telecommunications
Government and Public Sector
Retail and Consumer Goods
Manufacturing
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
Others
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
Mubaz
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The United States Diabetes Care Devices Market is expected to grow at a robust CAGR over the forecast period (2022-2029).
The factors driving growth of the United States Diabetes Care Devices Market includes increasing prevalence of diabetes obesity and hypertension across United States, sedentary lifestyles of consumers, emerging need for fast and safe diagnosis, rising availability of treatment options and improvements in the living standards. Moreover, Government initiatives to raise awareness about diabetes, technological advancements in glucose monitoring devices, rapid growth in the manufacturing of insulin syringe and expansion of the medical facilities across Untied States, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, strategic partnerships between companies, rise in the launch of innovative products and growing population growth rates are further contributing towards the market growth.
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However, growth of the United States Diabetes Care Devices Market is hindered due to side effects related to the sue of glucose monitoring devices
Based on Product Type, the Blood Glucose Monitoring Device segment is predicted to grow at a significant CAGR during the forecast period
Increasing prevalence of diabetes across Untied States, growing awareness about the benefits of using blood glucose monitoring devices and rapid urbanization, are some of the factors propelling growth of the segment.
Based on End-User, the Homecare Setting segment is anticipated to expand at a remarkable CAGR over the forecast period
Increasing preference amongst consumers for homecare setting over hospitals, growing demand for self-monitoring glucose devices, rising availability of treatment options, rising geriatric population and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.
Market Segmentation
Segmentation by Product Type
Insulin Delivery Device
Blood Glucose Monitoring Device
Segmentation by End-User
Homecare Setting
Hospitals
Others
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com/
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Plant Extracts Market is projected to grow at a CAGR of 11.3% during the forecast period, 2022-2029.
The factors driving the growth of Plant Extracts Market includes increasing application of essential oils in food and beverages, cosmetic and cleaning products, rising awareness about the health benefits offered by herbal extracts, growing prevalence of diabetes and heart related diseases and improvements in the living standards. Moreover, growing adoption of advanced technologies such as polar-nonpolar-sandwiching (PNS) and Ultrasound assisted extraction (UAE) technologies by manufacturers, Government regulations mandating the use of natural ingredients and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
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However, growth of the Plant Extracts Market is hindered due to variations in the prices of raw materials.
The prominent players operating in the Plant Extracts Market are International Flavors & Fragrances, Inc., Kangcare Bioindustry Co., Ltd., Synthite Industries Private Ltd., Nutra Green Biotechnology Co., Ltd., Carbery Group, Givaudan, Sensient Technologies Corporation, Indesso, Symrise AG and Döhler, among others.
Based on Source, the Fruits, Flowers, and Bulbs segment is predicted to grow at a significant CAGR during the forecast period
Increasing application of fruits and flowers for enhancing flavors and aroma in food & beverages industry, is propelling Plant Extracts Market size.
Based on Application, the Cosmetics segment is projected to expand at a robust CAGR over the forecast period
As per the Plant Extracts Market Global Industry Forecast, Botanical products are excellent source of vitamins and antioxidants along with rising demand for chemical free products in the cosmetic industry, are some of the factors responsible for growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
Increasing demand for organic products across India, China, and Japan, growing awareness about the benefits of using herbal extract, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Development
In 2020, Givaudan inaugurated fragrance production facility in Changzhou, China, which will enhance company’s manufacturing output across personal, home and fabric care fragrances through oral care flavors, encapsulated fragrances, and prestige perfumes to serve customers in China and Asia Pacific.
Market Segmentation
Segmentation by Source
Fruits, Flowers, and Bulbs
Leaves
Barks & Stems
Rhizomes & Roots
Others
Segmentation by Type
Phytomedicines & Herbal Extracts
Essential Oils
Spices
Flavors & fragrances
Segmentation by Application
Pharmaceutical & dietary supplements
Food & beverage
Cosmetics
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: https://www.gmiresearch.com