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Automotive Mobile Accessories Market to Benefit from Ravenous Demand for Varieties, Finds Fact.MR

Incorporation of technological up-to-date mobile accessories in automobiles is slated to be heavily influenced by spate of unstoppable innovation in the automotive industry. The call for seamless cross-connectivity has further added impetus to the prosperity of automotive mobile accessories market. Rising need for customization and personalization has further added to the surging demand for automotive mobile accessories, thereby driving automotive mobile accessories market. In the coming years, the automotive mobile accessories market is foreseen to witness striking collaborations between OEMs and mobile accessory manufacturers. These collaborations would furnish the raising requirements of ‘in-built’ features raised by customers, thereby diversifying the growth of automotive mobile accessories market.

The rising fad for enhancing functionality of vehicles is inducing a significant demand hike in the automotive mobile accessories market. Furthermore, the need for enhancing connectivity features on the go is foreseen to provide the much-needed fillip to growth of automotive mobile accessories market. As per the report mentioned by Fact.MR, the automotive mobile accessories market valued US$ 24,320 Mn in 2017. The market is further estimated to value around US 30, 416 Mn by 2022 end.

With rising penetration of smartphones, phone holders have emerged as one of the widely-adopted types in automotive mobile accessories market. On the backdrop of having flawless interaction with mobile phones on the move, phone holders are foreseen to be one of the highly attractive types in automotive mobile accessories market. Phone holders are slated to be of great help for attending phone calls while driving, which is further driving this segment in automotive mobile accessories market. Moreover, phone holder has become an imperative to ensure seamless and hassle-free driving, which further aggrandizes its dominance in automotive mobile accessories market. The phone holder segment is poised to be the largest product type segment in automotive mobile accessories market and is foreseen to value around US$ 16, 067 Mn in 2022.

Another predominant reason pushing adoption of phone holders in the automotive mobile accessories market is GPS navigation. Burgeoning proliferation of cab services making use of GPS navigation are poised to complement its ever-growing demand in the automotive mobile accessories market. The advent of magnetic air vent phone holders is believed to be a major novelty, which is also evolving as a popular product in the automotive mobile accessories market.

Europe is estimated is foreseen to be the dominant region in the automotive mobile accessories market in terms of revenue. In terms of growth rate, the North America automotive mobile accessories market is anticipated to gain new heights with a moderate CAGR. By product type, USB chargers are also anticipated to grow rapidly in automotive mobile accessories market by virtue of rapidly exhausting batteries in smartphones. Moreover, the fad for playing audio or video files while driving is one of the major factors fostering sales of USB cables in automotive mobile accessories market.

The low cost segment of automotive mobile accessories market accounted for a significant revenue in 2017 and is projected to retain its position in the automotive mobile accessories market. The low cost segment is poised to grow at a meteoric rate standing out as too big to ignore in automotive mobile accessories market. Moreover, the mid-sized segment is also forecasted to reach impressive heights in automotive mobile accessories market by the end of the forecast period. Passenger cars comprise for a major chunk of revenue share in the automotive mobile accessories market. It wouldn’t be surprising if the major stakeholders of automotive mobile accessories market decide to extensively count on passenger cars as opposed to LCV’s and HCV’s. Additionally, rising vogue of compact cars and SUVs is also likely to magnify the supremacy of passenger cars in the automotive mobile accessories market.

6 Key Insights on Automotive Mat Market, Reveals Fact.MR

Automotive mats, also known as vehicle mats, are designed and manufactured to prevent the interior of vehicles from water, dirt and corrosion, safeguarding valuable investment of the customers. The demand for high-quality automotive mats, particularly in passenger vehicles, is gaining an uptick, with customers becoming more concerned about hygiene and aesthetics related to interior of their vehicles. With recent advancements in automotive fabric, adoption of nano-materials is on a rise owing to their enhanced properties. In addition, growing preference for green technology has led the market for automotive mats towards eco-friendly technologies. A recent report by Fact.MR offers in-depth analysis on the global automotive mat market for the forecast period 2017 to 2022.

According to the report, the global automotive mat market is projected to register steady CAGR through 2022. Increasing disposable income of the middle-class population, especially in China and India, has driven the adoption of cars across these regions. This has resulted into a rise in demand for accessories including airbags, seat belts, covers, and mats. In addition, adoption of mobility solutions such as e-sharing and carpooling, particularly across cities with huge pressures on infrastructure have been influencing car sales, thereby its accessories. Such factors are likely to boost adoption of automotive mats in the near future. Fact.MR’s report estimates the global automotive mat market to surpass revenues worth US$ 25,000 Mn in 2017; by 2022 this number is expected to exceed US$ 30,000 Mn.

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6 Estimations about the Global Automotive Mat Market

  1. Rubber will remain preferred material for automotive mats in the market, followed by plastic and PVC. Revenues from sales of rubber mats will surpass US$ 10,000 Mn in 2017. Demand for metal mats in the market will remain sluggish during the forecast period.
  2. By type, standard mats will continue to be sought-after on the back of their cost-effectiveness and availability in the market. Sales of standard mats will exhibit a comparatively higher CAGR than other automotive mat-type segments.
  3. Based on design, the market is bifurcated into needle-punched and non-skid automotive mats. Sales of needle-punched automotive mats is estimated to reach revenues worth US$ 13,991.9 Mn in 2017. Needle-punched automotive mats are expected to witness largest adoption in Asia Pacific excluding Japan (APEJ), owing to the potential for growth of automotive industry in APEJ countries such as China and India.
  4. Sales of automotive mats in passenger cars will account for largest revenues in the market, followed by LCV and HCV segments. In addition, revenues from sales of automotive mats in LCVs and HCVs will collectively account for US$ 7,035.3 Mn in 2017, with the former being more lucrative than the latter.
  5. APEJ will remain dominant in the global automotive mat market, expanding at a high single-digit CAGR through 2022. In addition, North America is expected to be the second largest market for automotive mats, with sales estimated to reach nearly US$ 7,500 Mn by 2022-end
  6. Key market players identified in Fact.MR’s report include Auto Customs Carpets, Inc., BDK Auto, Covercraft Industries, LLC, ExactMats, Husky Liners, Inc., Intro-Tech Automotive, Kraco Enterprises, LLC, Lloyd Mats, MacNeil Automotive Products Limited, Shanghai Junda Auto Decoration Co. Ltd., Maxliner USA, and Truck Hero, Inc.

North America Leads in Sales of Aircraft Cleaning Chemicals, Finds Fact.MR

The augmenting aviation sector, coupled with a considerably high number of individuals opting for air travel has been adding transaction to aircraft cleaning chemical market. The International Air Transport Association estimations indicated a 7.6% increase in the global passenger traffic in 2017 – which is more than average annual growth witnessed in the last decade. This is leading to expansion in aircraft fleet size, thereby, increasing the demand for aircraft cleaning chemicals. Fact.MR study foresees robust demand for aircraft cleaning chemicals especially from the defense industry. 

Amid the extremely competitive aviation landscape, airlines have revised their cleaning and maintenance ways to ensure high-quality standards. Further, the growing health awareness, in line with the growing infection risks, due to contaminated passenger seats, is likely to drive traction mainly for disinfectants, among various aircraft cleaning chemicals. Fact.MR report analyzes key factors bringing revenue to the aircraft cleaning chemical market during the study period.

“Aircraft cleaning chemicals market is estimated to witness a restrained growth rate of merely 4.3%, with the demand in volumes expected to surpass 78,500 tons by 2028 end. The market is envisaged to grow on the account of constant demand from airline companies and their shifting strategies to offer a cleaner travel experience to passengers”- finds Fact.MR report.

Paradigm Shift Towards Green Cleaning Solutions Prompting Manufactures to Refurbish Processes to Expand Foothold

Global aircraft cleaning chemicals market is envisaged to remain highly fragmented, with mid-sized players and small scale manufacturers and distributors holding a large part of the market share, while leading market players accounting for a minority share. With the shift in the consumer preference for green chemicals, manufacturers have turned to high-tech non-toxic cleaning solutions, which comply with the global quality standards. Global stringent environmental regulations has further propelled manufactures to offer biodegradable, non-toxic, green and long lasting chemicals, including bio based and water based chemicals to gain a competitive edge over the other counterparts. Robust initiatives being taken by manufacturers to eliminate toxic substances, such as Perchloroethylene, trichloroethylene (TCE), and other caustic chemicals, will positively impact the global aircraft cleaning chemical market.

Several manufacturers are also focusing on extending their product offerings by leveraging local infrastructure and local networks, for example, Illinois Tool Works owns roughly 750 decentralized operating units globally, to tap diverse consumer bases. While the report finds some manufacturers rigorously focusing on reinforcing their operations and supply chains in the aircraft cleaning chemicals market, apart from emphasizing the development of technologically-advanced, innovative and cost-effective cleaning products.

Fact.MR report opines that developing regions have been generating favorable sales opportunities, primarily in China and India, which is mainly attributed to the heavy investments in airport development in the recent years, further catalyzed by airport expansion in metro cities, and encouraging government initiatives. North America will continue to remain lucrative for aircraft cleaning chemicals— growing roughly 1.2 times by 2028 end, finds the Fact.MR study.

Surge in tourist footfall in the ASEAN and SEAP countries will create extensive opportunities for chemical cleaning manufacturers, eying to widen their customer outreach. Fact.MR anticipates significant sales opportunities in Middle East, as the region visibly shifts from gas and oil-based revenues to commerce, trade, tourism, and manufacturing. Further, favorable commercial aviation landscape in Middle East will give manufactures lucrative opportunities to extend customer outreach.

Newborn Screening Market - Global Industry Size, Share, Analysis By 2018-2026

Newborn screening tests look for developmental, metabolic, and genetic disorders in infants. It allows steps to be taken before development of symptoms. Although, majority of these illnesses are very rare, they can be treated with early diagnosis. Newborn screening includes over 30 conditions and illnesses. Increasing awareness among parents for disease screening is a major factor driving newborn screening market growth. Furthermore, various government and non-government organizations are actively focused on offering better fetal and maternal care. For instance, in June 2018, the American Society of Hematology (ASH) led a campaign to fight sickle cell disease in Africa and urged governments, particularly in sub-Saharan Africa, to invest in newborn screening of the disease.

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Novel treatments, biomarkers, and technologies are expected to enable various diseases to be considered as potential candidates to be included in New Born Screening (NBS) programs. For instance, new treatments such as Hematopoietic Stem Cell Transplant (HSCT), Enzyme Replacement Therapy (ERT), and gene therapy and new pharmacological drugs have allowed autoimmune diseases to be considered as potential candidates to be included in NBS programs.

Market Dynamics

Increasing number of newborn screenings, owing to rising awareness among parents and governments is expected to drive the newborn screening market growth. According to the Centers for Disease Control and Prevention (CDC) 2017, four million infants in the U.S. are routinely screened, using a few drops of blood from their heel, for certain endocrine, genetic, and metabolic disorders. The infants are also tested for hearing loss and Critical Congenital Heart Defects (CCHDs) prior to discharge from a hospital or birth center.

Furthermore, increasing incidence of hospital acquired diseases create an acute need for newborn screening. For instance, according to the Center for Disease Control and Prevention (CDC), in 2011, around one in every 25 infants was infected with at least one hospital acquired infections.

Government initiatives to support screening of newborns is also a major factor driving the newborn screening market. For instance, CDC is working to harness the latest advances in science and technology so that more disorders can be identified accurately and treated quickly. In 2005, CDC established the Newborn Screening Translation Research Initiative (NSTRI) with the CDC Foundation. NSTRI works with corporate, academic, and foundation partners to assure the quality of research methods during both pilot studies and routine screening.

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Key players operating in the global newborn screening market include, Agilent Technologies, AB SCIEX, Bio-Rad Laboratories, Covidien PLC, GE Life Sciences, Masimo Corporation, Natus Medical Inc., PerkinElmer Inc., and ZenTech S.A.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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India Automotive Radar Market Will Reach USD 301.3 Million by 2025

15 February 2019, The India Automotive Radar Market size is projected to reach USD 301.3 million by 2025. Growing focus on technological upgradation, increasing sales of vehicles, rising implementation of active safety features, and declining prices of components are expected to drive the market in India over the forecast period. In addition, emergence of and advancements in adaptive cruise control (ACC), collision avoidance systems, automated emergency braking systems, and blind spot detection radar technologies are anticipated to play a pivotal role in the growth of the market over the coming years.

Innovations in radar systems and stringent government regulations are supporting the development of vehicle safety systems and are estimated to augment the India automotive radar market over the forecast period. In addition, advancements in automotive technology and decreasing prices of vehicle electronic are poised to trigger the usage of automotive radar systems.

Growing applications in park assist, blind spot detection, and lane change assist in order to achieve broad vehicle autonomy are likely to boost the demand for medium and short range automotive radars over the forecast period. Increasing research & development activities in order to enhance radar technology and reduction in size of radar systems is projected to cater to surging market demand. Moreover, higher frequency band is expected to gain popularity owing to higher resolution benefits and reduced risk of mutual interference. However, lack of worldwide uniform frequency distribution is estimated to one of the key factors limiting the growth of the market.

According to the Society of Indian Automobile Manufacturers, the growth exhibited by the automobile industry in April–March 2018 was 14.0% higher than what was registered over the same period last year. Increasing demand of passenger vehicle in India is expected to bolster the growth of the automotive radar market over the forecast period. Growing applications of automotive radars in a variety of vehicle safety applications such as blind-spot detection, automatic braking, pedestrian detection, proximity warning, and parking assistance are anticipated to drive automotive radar market over the forecast period.

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China Ice Cream Market to Reach Nearly USD 22.7 Billion by 2025 | Hexa Research

15 February 2019, China Ice Cream Market revenue is expected to reach USD 22.7 billion by 2025, exhibiting a significant growth over the forecast period. China is one of the largest consumers of ice cream and other confectionery products across the globe. Factors such as increasing consumer spending on food & confectionery items and increasing willingness for desserts are predicted to boost growth. In addition to this, the per capita consumption is relatively low which is therefore providing abundant of opportunities for further Chinese ice cream industry expansion.

Frozen desserts and ice creams are seasonal-sensitive categories. The market is projected to record upsurge in confectionery and frozen desserts consumption levels over the approaching years. The increasing consumption of frozen desserts is attributed to the changing taste preference of consumers towards ice cream and other dessert categories. The factors such as affordable prices, availability of varied taste options, familiar ingredients, introduction of varied flavors and availability of small packs of ice creams are projected to evolve the China ice cream market demand during the forecast period.

Health-related concerns along with the low consumption of ice cream, when compared to the other regions across the globe, is expected to be a major restraint, hampering the growth of the market over the forecast period. However, the large population size of the country and growing interest of people in frozen desserts is likely to contribute to higher consumption rates in the near future. Rapid growth in consumption of the dairy product is one of the crucial factor fueling the ice cream consumption in China. The speedy change in consumption patterns amongst the consumers is possibly expected to create new growth opportunities for frozen desserts in the country.

The speedy growth of the Chinese GDP is probably to intensify the purchasing power of the consumers. Moreover, rapid urbanization is increasingly evolving consumer preferences and habits. The market growth in the country is attributed to the innovations in ice cream flavors and variety of offerings and customizations provided by the vendors functioning in the Chinese ice cream industry. The presence of local and private label brands in the area is forcing the demand by offering ice creams at lower prices. The development of private-label retail brands is contributing to the expansion of ice cream industry.

The industry participants are undertaking many mergers and acquisitions and launching innovations in the product to boost the performance of the company. For instance, several ice-cream companies are manufacturing lactose-free ice creams to cater to the demand of lactose-intolerant consumers, as consumption of lactose causes many problems such as diarrhea, gas, and bloating. The availability of lactose-free ice cream is probable to enhance the market growth. Furthermore, low customer loyalty and shifting consumer habits in the industry are providing growth prospects for the new entrants. The companies are experiencing various mergers and acquisitions with domestic companies to reach untouched regions in the country.

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6 in 10 Aircraft Pumps Sold in 2018 were Powered by Electric Motor Driven Technology: Fact.MR Study

Fact.MR’s latest study estimates global aircraft pump sales to surpass 1.2 million units in 2019. Gains are likely to be driven by broader trends influencing the aviation industry, notably growing demand for new aircrafts in the wake of surging air traffic.

The aviation industry is on the verge of a major shift in propulsion with leading players focusing on electric propulsion technology. Electric aircrafts are gaining interest of stakeholders owing to their benefits, including high-efficiency along with reduced fuel and maintenance cost.

The electric aircraft trend is accelerating as OEMs in aircraft industry are collaborating with suppliers to design new systems and electric propulsion technology. NASA is also investing in research on Electrified Aircraft Propulsion (EPA) to improve emission, fuel-efficiency, and noise levels in commercial aircraft.

Narrow Body Aircrafts to Witness Robust Growth in Coming Years

The Fact.MR study expects narrow body aircraft sales to grow significantly in the coming years, with sales envisaged to exceed 700 thousand units in 2019. Growth in commercial air transportation has ushered the development of narrow body aircrafts for long-haul flights. Further, long range narrow body aircrafts are replacing wide body aircrafts owing to the benefit of flying on niche routes and flying in off-peak hours.

With the rise in demand from low-cost carriers operating on short routes, manufacturers are focusing on deploying efficient engines, pumps, and motors, along with superior aerodynamic qualities leading to higher efficiency and better performance in narrow body aircrafts.

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APEJ to Hold Pole Position in Aircraft Pumps Market

Air traffic boost is likely to come from Asia Pacific including China, India, and Australia through development of new airports and new routes. The investment in purchase of new aircrafts is likely to provide an impetus to the aircraft pumps market. According to Fact.MR’s study, aircraft pump sales in APEJ are likely to surpass 400 thousand units in 2019. With the increase in regional air passenger traffic, demand for aircraft is growing significantly in China and India, thereby, driving demand for aircraft pumps. Meanwhile, upgradation of existing aircrafts is leading to the demand for new components including pumps and motors.

Sales of aircraft pumps are also likely to increase in Europe owing to the high rate of tourism and companies investing a huge amount in aircraft manufacturing. Recently, with increase in demand for air services and rise in aircraft production globally, the value of motors, pumps, actuators and other aircraft components have also increased, thereby, benefiting OEMs and component manufacturers.

Growing aircraft fleet and short replacement cycle across the globe is fueling aircraft pumps market growth. Researchers are also focusing on developing sustainable alternatives to jet fuel and aviation gasoline to power aircrafts. This is driving aerospace industry towards More Electric Aircraft (MEA) that uses electrical power for non-propulsion aircraft system. The biggest advantage of MEA is providing higher efficiency with reduced fuel consumption. Industry experts also see MEA concept for the aircraft industry to achieve improvements in terms of maintenance, aircraft lifecycle cost, and weight. 

With Significant demand in air transportation, aircraft component manufacturers are focusing on increasing level of capacity along with strong operational and logistics to support demand for new aircrafts.

The Fact.MR report tracks the aircraft pumps market for the forecast period 2019-2027. According to the report, the aircraft pumps market is expected to register CAGR of 7.2% in terms of volume between 2019 and 2027.

Micro-hospitals Market – Global Industry, Healthcare Facilities, Developers and States By 2018-2026

Micro-hospitals are gaining significant traction as these are targeting service gaps in ambulatory centers and free standing emergency rooms such as inability to provide short term in patient stay. Also, it has edge over large scale hospitals in few parameters such as low capital investment, lesser time associated with construction of micro-hospitals than large scale hospitals, which is propelling growth of micro-hospitals market. Micro-hospitals offer patient-centric care, convenience (In terms of number of services it offers), and fast access to facilities, as the number of patients are low in these.

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Some large scale hospitals may not be able to provide same quality of care or facilities, due to large volume of patient inflow, in turn driving growth of the micro-hospitals market. Micro-hospitals require similar licensing and has to adhere to regulations similar to large scale hospitals, which makes them eligible for medical reimbursement. However, micro-hospitals lack advanced facilities, which are required for certain complicated surgeries or emergencies, which is major factor hindering growth of the market. Micro-hospital concept is still emerging and slower penetration of micro-hospitals due to slower adoption rate is resulting in slow growth of market.

Key players are focused on setting up new micro-hospitals in various regions to expand its geographic presence. Furthermore, they are focusing on joint ventures and partnership strategies, in order to expand their market share.

For instance, in 2017, Mercy Health, Franciscan Health, Dignity Health, and Christus Health announced plans to open new micro hospitals in across the U.S. Also, in May 2017, Emerus and Memorial Hermann Health System entered into joint venture agreement to open new micro-hospitals in different regions of U.S. Key players operating in the micro-hospitals market include Emerus Hospitals, SCL Health, Baylor Scott & White Saint Luke’s Health System, Dignity Health, Baylor Health Care System, and Christus Health.

The U.S. is expected to account for major share in global micro-hospitals market, over the forecast period, owing to increasing joint ventures between companies to open micro-hospitals in economy due to increasing adoption of micro-hospitals by large scale hospital chains. For instance, in December 2017, Allegheny Health Network announced plans to build four micro-hospitals in Pittsburgh, U.S. through partnership with Emerus (largest micro-hospital operator in the U.S.) by end of 2019.

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Micro-hospitals are small scale inpatient facilities with eight to 15 beds and in an area of 15,000 to 60,000 square feet on an average. Micro-hospitals operate in metropolitan area, within range of 20–25 miles of large scale hospitals. They have large operation area and scale of operation as compared to ambulatory centers and emergency care centers. Micro-hospital offers various services such as emergency services, pathology lab services, pharmacy, and imaging services. Some of these also provide primary care and dietary services or surgical services.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave, 
Seattle, WA 98154
Tel: +1-206-701-6702

Promising Application in Non-Dairy Food Products, Helping in Increasing Demand of Bacillus Coagulans

Sales of bacillus coagulans have witnessed sheer proliferation in the recent past in line with rising consumer preference for probiotic diet and growing digestive disorders. The bacillus coagulans market is expected to witness sales surpassing 41 thousand tons by 2019, as per the latest research study by Fact.MR.

Interest in probiotic fortified functional foods and beverages continues to grow across countries. Exhibiting the characteristics of both lactobacillus and bacillus genera, bacillus coagulans has recently attracted the attention of food manufacturers and researchers. A large number of studies are being conducted on the low-cost microbial production of bacillus coagulans for use in the food industry.

According to Fact.MR’s report, cost-effectiveness and better stability and survival of bacillus coagulans in high-temperature, heat treated food products are the major factors fostering the adoption rate of bacillus coagulans in the food and beverages industry. Bacillus coagulans is being increasingly used in food supplements to strengthen the immune system, provide anti-allergy effect, and reduce gastrointestinal system infection.

Increasing lactose intolerance and growing allergies towards milk proteins is resulting in an increased demand for non-dairy probiotics. This is leading to a rise in production of non-dairy milk-like compositions including bacillus coagulans. Food and beverages producers are strengthening innovation backed on the recent research studies showing various benefits of bacillus coagulans.

“While bacillus coagulans may offer various benefits, there is a need for more research on side-effects and interactions of bacillus coagulans. Also, the lack of human trials and the unknown effects of long-term use of bacillus coagulans may cause serious health issues. The dosage amount of bacillus coagulans is another uncertainty due to the absence of clinical data,” says Fact.MR’s report.

Strains of bacillus are currently being employed for a therapeutic and protective effect against clinical syndromes, especially, metabolic disorders. Moreover, natural products including bacillus coagulans are emerging as a safe alternative for managing metabolic syndrome.

APEJ Holds Pole Position in the Market, Greater China to Witness Higher Growth Rate

With volume sales exceeding15 thousand tons in 2019, APEJ is projected to hold a strong position in the bacillus coagulans market, according to the Fact.MR report. Demand in China continues to grow at a brisk pace. The approval of bacillus coagulans for use as an ingredient in the food and beverages fortification in Asian markets is driving the demand for bacillus coagulans.

Key consumer groups in Greater China including rising population aged 60 and above as well as families with children are focusing on consuming fortified food products and promoting digestive system health. With the approval of bacillus coagulans in the list of bacteria used in food in China, there has been a rise in usage of bacillus coagulans in functional food as well as infant food products in China.

Bacillus coagulans producers in developed regions including North America and Europe are moving towards new distribution partnerships to increase product availability in Asia. Leading players in the bacillus coagulans market in North America are entering a strategic alliance to bring new patented innovation in the food and beverages industry in the region, as per the report.

Production of new foods and beverages for children is outpacing the total market. Food and beverages companies across countries are innovating new product line by including probiotic ingredients and supplements in food products for infants and growing children. Probiotic chocolates, milk and juices fortified with probiotics such as bacillus coagulans are some of the products with health benefits supporting immune and digestive health.

The Fact.MR report provides key insights on the growth potential of the bacillus coagulans for the forecast period 2018-2028. According to the report, the bacillus coagulans market is expected to register CAGR of 7.6% in terms of volume between 2018 and 2028.

Colostrum Market 2019 to 2016

Colostrum is a type of milk produced by mammals in their late pregnancies as well as few days after giving birth to a baby. It comprises of significant level of immunoglobulin such as IgA, IgG and IgM and is easy to grasp, thus highly preferred for new born baby in order to strengthen their immunity as it contains high amount of antibodies. The colostrum helps in digestion, enhances immune system as well as helps in destroying the diseases causing bacteria.

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The global Colostrum market is at nascent stage and is anticipated to observe robust growth over the next seven years till 2023. Rising health consciousness among parents along with significant demand for colostrum based yogurt and milk formula are factors expected to drive the growth of global colostrum market during the period 2016-2023. 

At present, Asia-Pacific captured the maximum share in revenue of Colostrum market and is anticipated to dominate over the forecast period. Rising awareness related to benefits of Colostrum powder along with increasing demand in various industries such as in cosmetics and addition in nutritional supplements is projected to boost the demand for colostrum in Asia Pacific region over the coming few years and will expand the growth of the market during the forecast period. Rising trends of online purchasing is anticipated to bolster the growth of Europe & North America Colostrum market over the period 2016-2023.

The global Colostrum market is mainly concentrated in Asia. Major players are adopting different market strategies to enter and enhance their market position and distribution network. 
Global Colostrum market is segmented on the following bases:

  1. By Type
  2. Skim Colostrum Powder
  3. Whole Colostrum Powder
  4. Specialty Colostrum Powder
  5. By Form
  6. Conventional
  7. Organic
  8. By Usage
  9. Nutritional Supplements
  10. Animal Feeds
  11. Fortified Foods
  12. Clinical Nutrition Foods
  13. Cosmetics
  14. Infant Foods
  15. By Geography
  16. North America
  17. U.S.
  18. Canada
  19. Europe
  20. U.K.
  21. France

               iii.    Germany

  1. Italy
  2. Russia
  3. Rest of Europe
  4. Asia Pacific
  5. Japan
  6. China

                iii.    India

  1. Australasia
  2. Rest of APAC
  3. Rest of World
  4. Latin America


2.Rest of Latin America

                  ii.Middle-East & Africa

                  iii.    Africa

Key Players Identified Across the Value Chain in the Colostrum Market include but are not limited to:

Biostrum Nutritech Pvt Ltd., Sterling Technology, NIG Nutritionals Ltd, Cuprem Inc., Ingredia Nutritional, APS BioGroup, Saskatoon Colostrum Co. Ltd, among others.