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Showing posts from September, 2024

Despite Several Challenging Conditions, Demand for Lipid Nutrition to Increase to $24 billion by 2030

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A new report from Industry Experts Inc, on " Lipid Nutrition ", reveals that the global demand for Lipid Nutrition (Nutritional Lipids) is estimated at US$14.3 billion in 2024 and is expected to exhibit a 2024-2030 CAGR of 8.8% in reaching a projected US$23.8 billion by 2030. The worldwide demand for Lipid Nutrition is poised to post a robust growth over the analysis period owing to several reasons, including the rise in obesity and cardiovascular disease incidence, increasing knowledge of nutritious and practical foods that enhances the gut health & muscle growth, growth of the nutraceutical sector, growing need for infant formula and rising population of aged. Global Nutritional Lipids market is estimated to be dominated by North America geographically, owing to existing well-established health and wellness products, high degree of consumer health consciousness, a thriving dietary supplement sector, an increasing demand for functional foods especially Omega

Cannabidiol (CBD) Nutraceuticals Global Demand to Touch $29 billion by 2030

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A new report from Industry Experts Inc, on " Cannabidiol (CBD) Nutraceuticals " , is published. According to this global market research report, the global market for Cannabidiol (CBD) Nutraceuticals is anticipated to post a CAGR of 20% during the 2024-2030 analysis period and reach a projected US$29.1 billion by 2030 from an estimated US$9.7 billion in 2024. Worldwide, the market for CBD Nutraceuticals is poised to record an above-average growth over the analysis period, the crucial reasons for which are Increase in demand for plant-based foods, growing awareness concerning benefits of CBD nutraceuticals, innovative products in the pipeline and CBD nutraceuticals in capsule & softgel forms undergoing further advancements. CBD Nutraceuticals are procurable using Offline and Online distribution channels, among which the former corners the larger share and is also expected maintain a faster growth over the analysis period. Offline channels of distribution compr

The Global Market for Sustainable Footwear is Projected to Reach $13 Billion by 2030

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A new report from Industry Experts Inc, on " Sustainable Footwear ", reveals that the global market for Sustainable Footwear is estimated at US$9.3 billion in 2024 and is anticipated to post a CAGR of 6.2% during the 2024-2030 analysis period and stand at a projected US$13.3 billion by 2030. The worldwide demand for Sustainable Footwear is poised to post a robust growth over the analysis period owing to several reasons, including the demand for ethically and eco-friendly products, increasing awareness about ill-effects of ecological degradation among consumers, stringent regulations by government on encouraging makers in eco-friendly production to reduce carbon footprints, online platforms with large choices and easy mode of payment and start-up companies opting for sustainable processes in manufacturing Footwear. North America is expected to hold the largest share of the worldwide sustainable footwear market. The reasons for this include concentration of manuf

Latest Production Technologies Combined with Adoption of IoT, AI and ML Drive Demand for Computer Numerical Control (CNC) Machines

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A new report from Industry Experts Inc, on " Computer Numerical Control (CNC) ", reveals that the global market for Computer Numerical Control (CNC) Machines is estimated at US$84.6 billion in 2024 and is likely to maintain a 2024-2030 CAGR of 8.4% in reaching a projected US$137.3 billion by 2030. The demand for CNC Machines is being driven by a range of factors that include advancements in production technologies, increasing demand for highly precise components that can be produced on a large scale and growing adoption of advanced technologies, such as IoT, AI & machine learning into production processes. The integration of these technologies with CNC machines is bound to prove fruitful in escalating market growth over the coming years. With an estimated share of about 39% in 2024, Asia-Pacific represents the leading global market for CNC Machines, which is further likely to be the fastest growing, too. A spurt of growth in various sectors, especially autom

Eco Fibers Global Demand is Anticipated to Touch nearly $100 billion by 2030

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A new report from Industry Experts Inc, on " Eco Fibers ", reveals that the demand for Eco Fibers is estimated at US$58 billion in 2024 and is projected to reach US$99.5 billion by 2030 at a CAGR of 9.4% between 2024 and 2030. A major trend being observed in Eco Fibers is integration of sensors, electronics and conductive materials, which enable textiles made from them to have sensing capacity and energy harvesting properties, as well as allowing Eco Fibers to be used in wearable technology applications. As a result, the prospects for smart fabrics have gained much traction. Textiles dominate the global market for Eco Fibers and would continue to do so. Consumption of these fibers in making a variety of garments has increased exponentially, especially in the areas of casual and formal wear. Further, a number of prominent fashion houses, such as Patagonia, Pact, Tentree, Reformation, Eileen Fisher, Outerknown, Stella McCartney and Adidas, among others, have adopt

Green Building Materials Global Demand is Anticipated to Grow by 10% During the Period from 2024 through 2030

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A new report from Industry Experts Inc, on " Green Building Materials ", reveals that the market for Green Building Materials is likely to witness a CAGR of 10.1% during the 2024-2030 analysis period and reach a projected US$645.5 billion by 2030 from an estimated US$363.4 billion in 2024. Given the level of construction activity going on across the world, Green Building Materials have emerged as a viable alternative to conventional materials being used due to several reasons, the most important of which include conservation of depleting non-renewable resources, eco-friendly processes used to make green building materials, wider acceptance for these materials owing to climate change, need for energy efficiency in buildings and government policies & global smart city projects boosting application of green building materials. Owing to the fact that heat transfer between the exterior and interior of a building can be controlled by using proper Insulation, this a

Emerging and Innovative Applications Bolster the Demand Growth by Massive 22% During 2024-2030 for Biodegradable Polymers, Global Market to Touch $24 billion by 2030

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A new report from Industry Experts Inc, on " Biodegradable Polymers ", reveals that the global market for Biodegradable Polymers is estimated at US$7.4 billion in 2024 and is poised to post a very strong CAGR of 22.1% during the 2024-2030 analysis period in reaching a projected US$24.4 billion by 2030. The worldwide Biodegradable Polymers demand is expected to register a strong growth over the analysis period owing to several reasons, including growing number of end-applications, evident benefits of these materials, packaging industry forming the cornerstone of the market, growth in demand from food packaging applications, greater traction in textile industry, increasing healthcare applications and growing agriculture applications. By region, Europe represents the primary global market for Biodegradable Polymers, with North America following closely in terms of percentage share. Both these are highly advanced regions where the population recognizes the detrimenta

Biocompatible Materials Gaining Prominence in Medical Procedures as Demand Surges to Grow Rapidly at a CAGR of 11.2% During 2024-2030

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A new report from Industry Experts Inc, on " Biocompatible Materials ", reveals that the global market for Biocompatible Materials will likely maintain a robust CAGR of 11.2% during the 2024-2030 analysis period and reach a projected US$444.3 million by 2030 from an estimated US$235.4 million in 2024. Several factors are instrumental in guiding the global Biocompatible Materials market towards a healthy growth over the analysis period, the most important ones of which comprise close mimicking of natural tissues & structures, enhancement in drug delivery & tissue integration with novel nanostructured biocompatible materials, increasing demand for regenerative medicine & personalized medicine, growing incidence of chronic diseases, increasing dental issues and the use of 3D and 4D printing technologies. In terms of application, Biocompatible Materials are chiefly used in Cardiovascular Devices, Dental Implants, Drug Delivery Systems, Electromedical Equip

Global Demand for Bakery Processing Equipment is Expected to Reach $19.5 billion by 2030

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A new report from Industry Experts Inc, on " Bakery Processing Equipment ", is released. As per this new global market report, the demand for Bakery Processing Equipment is projected to reach US$19.5 billion by 2030 from an estimated US$13.6 billion in 2024 at a CAGR of 6.2% between 2024 and 2030. Increasing acceptance of convenience food products due to busy lifestyles, automatic technology in the bakery processing sector, availability of healthy options in bakery products, various inclusions in bakery products that enhance their taste & flavor and also provide better shelf-life, and manufacturers shifting focus towards product research and development to create cost-effective and energy efficient equipment are some of the major factors driving the demand for Bakery Processing Equipment. Asia-Pacific is anticipated to hold the largest share in the global market for Bakery Processing Equipment during the analysis period because of rising demand for fast food

Prenatal Vitamin Supplements Global Demand is Projected to Reach about $980 million by 2030

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A new report from Industry Experts Inc, on " Prenatal Vitamins Supplements ", is published. As per this new global market report, the demand for Prenatal Vitamins is estimated at US$636.4 million in 2024 and is anticipated to post a 2024-2030 CAGR of 7.4% to reach a projected US$977.8 million by 2030. The worldwide Prenatal Vitamin Supplements demand is expected to post a robust growth over the analysis period owing to several reasons, the major ones of which include growing awareness about the significance of proper nutrition & medication during pregnancy, deficiency of vital vitamins and minerals among expectant women due to sedentary & stress-filled lifestyles, initiatives by the government for promoting these supplements, more disposable income for improved health & wellbeing, well planned pregnancy by women to safeguard their and the unborn child's health, products made free of artificial preservatives & additives & composed of natural

Awareness on Sexual Health Issues and Ease of Product Accessibility Boost the Demand for Sexual Enhancers to Surpass $500 million by 2030

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The new report from Industry Experts Inc, on " Sexual Enhancers ", reveals that the global market for Sexual Enhancers is expected to maintain a strong CAGR of 9.4% between 2024 and 2030 and stand at a projected US$506 million by 2030 from an estimated US$295.8 million in 2024. Globally, the demand for Sexual Enhancers has been exhibiting impressive growth, the major reasons for which include increase in understanding & accepting sexual health issues, requirement for supplements due to sedentary lifestyles, stress & poor food habits, availability of a variety of products to correct erectile dysfunction in the aging male population, increase in disposable income, advancements in technologies in terms of product quality & product accessibility, change in societal mindset towards sexual health issues and greater inclination towards natural & herbal solutions as sexual enhancement supplements. Based on distribution channel, the Offline segment cor

Advancements in Innovation and Technologies Bolster the Robust Growth in Demand for Personalized Nutrition

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The new report from Industry Experts Inc, on " Personalized Nutrition ", reveals that the global market for Personalized Nutrition is projected to reach US$35.1 billion by 2030 from an estimated US$14.7 billion in 2024 at a robust CAGR of 15.6% between 2024 and 2030. The worldwide Personalized Nutrition demand is expected to maintain a healthy growth over the analysis period owing to several reasons, including growing popularity of availing nutritional advice on an individual level, rise in the population of obese and unhealthy people due to sedentary lifestyles, advancement in innovations and technologies in personalized nutrition and shift in preferences of consumers due to increased awareness on health. Over the forecast period, the Direct-to-Consumer category is anticipated to have the largest share of the global Personalized Nutrition market. The significance of this market can be attributed to factors such as convenience, accessibility and the growing prefe

The Global Market for Food Service Equipment Projected to Exceed $60 billion by 2030

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The new report from Industry Experts Inc, on " Food Service Equipment ", estimates the global market for food service equipment at US$43.4 billion in 2024. The demand is further projected to grow by a CAGR of 5.6% during the period 2024-2030 and reach US$60.3 billion by 2030. Some of the key factors driving the market for food service equipment include rapid urbanization, change in food consumption patterns, expanding hospitality sector, growing demand for advanced machinery and integration of automated & smart technologies into equipment. Manufacturers of equipment now offer products based on AI and IoT technology that provide real-time data. This equipment provides remote maintenance and self-diagnosis features for interconnectivity and smart operations. The number of food delivery services and the proliferation of cloud kitchens are also contributing to overall demand for food service equipment. Full Service Restaurants (FSRs) are anticipated to be the lar

Worldwide Desalination Technologies Market to Reach $32 billion by 2030, Due to Strong Growth Poised by Decrease in Fresh Water Resources and Emerging Technologies

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The new report from Industry Experts Inc, on " Desalination Technologies " , reveals that the global market for desalination technologies market is expected to maintain a CAGR of about 9.3% during the 2024-2030 analysis period and reach a projected US$32.1 billion by 2030 from an estimated US$18.8 billion in 2024. Globally, the demand for desalination technologies has been maintaining a fast pace and would continue to do so, the major reasons for which include decrease in freshwater resources, unchecked population growth & rapid industrialization, reduction of carbon footprint by the use of hybrid desalination, artificial intelligence (AI) & internet of things (IoT) further enhancing desalination operations, technological developments, use of renewable energy for desalination gaining prominence due to ecological concerns, co-generation practices decreasing costs of desalination and wider use of nanotechnology. Middle East & Africa forms the larges

Global Market for Drilling Machines to Reach $27 billion by 2030, Owing to Increased Infrastructure & Construction Activities

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The new report from Industry Experts Inc, on " Drilling Machines ", reveals that global market for Drilling Machines is estimated at US$27.4 billion in 2024 and is anticipated to post a CAGR of 6.6% during the 2024-2030 analysis period and stand at a projected US$40.2 billion by 2030. The demand for Drilling Machines is expected to maintain healthy growth over the analysis period, which can be attributed to factors that include growth in infrastructure & construction activities, increase in manufacturing operations and rise in demand from the automotive industry because of a sustained increase in light vehicle production. On the negative side, restraining factors impeding further growth in the global demand for Drilling Machines include high initial investments and cyclical nature of the industries served by this equipment. The report analyzes the Drilling Machines market across all major regions including by North America (including The United States, Ca

Asia-Pacific to Lead Global Meat Processing Equipment Market Growth and the Demand to touch $14 billion by 2030

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The new report from Industry Experts Inc, on " Meat Processing Equipment ", reveals that the largest market for Meat Processing Equipment is the North American region with an estimated share of 33% in 2024 while Asia-Pacific is projected the fastest growing during the analysis period 2024-2030 and emerge the second largest market by 2030. Despite all the negative press about the harmful effects of meat consumption, there has been a limited let up in demand for meat products, which further augurs well for the Meat Processing Equipment market. While the trend of adopting vegetarian or vegan diets has been quite noteworthy among western countries, the same has not necessarily caught up with other regions. Owing to this, the market for Meat Processing Equipment in regions, such as Asia-Pacific, South America and Middle East & Africa will register good growth over the analysis period. Fresh Processed Meat is estimated the largest market for Meat Processing Eq

Air Filters Market Projected to Grow Robustly and the Global Market to Surpass $26 billion by 2030

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The new report from Industry Experts Inc, on "Air Filters", reveals that the global market for Air Filters is estimated at US$17.3 billion in 2024 and is anticipated to post a CAGR of 7.2% during the 2024-2030 analysis period and stand at a projected US$26.2 billion by 2030. The demand for Air Filters is likely to exhibit rapid growth over the analysis period, which can be attributed to several factors, including stringent regulations pertaining to maintaining proper air quality, growing incidence of airborne diseases, such as asthma and maintenance of ambient indoor air quality. Industrialization in developing regions and widespread usage in the commercial sector are further propelling the demand for Air Filters, with demand from the residential sector also playing a significant role. The demand for Air Filters has been witnessing rapid growth in the developing regions of the world, such as Asia-Pacific. In fact, Asia-Pacific has overtaken North America to emerge as the la