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BRIC Organic Baby Food Market - Complete Study of Current Trends and Growth Drivers For 2020

The prefix organic transcends beyond food itself to the way it is produced and sourced. Organic food items are labeled by National Organic Program (NOP) that came into effect on October 21, 2002. The program stipulates that every product to be labeled as organic must be grown and processed in a prescribed organic manner. Organic farming refers to farming methods that recycle resources and encourage biodiversity, factors which lead to a sustainable agriculture platform. It also disallows the use of synthetic pesticides, bioengineered genes, sewage sludge-based fertilizers, and petroleum-based fertilizers. Additionally, to achieve a status of organic food product, the resource of the food item cannot be irradiated either. In times when consumer preference is shifting towards healthy food choices, the organic baby food market is getting special attention, especially in the BRIC nations.

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The organic baby food market in BRIC nations is rapidly growing due to relentless urbanization, rising concerns amongst parental about baby food, health awareness programs, growing importance of natural nourishment, and aggressive marketing by key players in the region. The other factors contributing to expansion of this market are increasing number of working mothers, subsidies offered by government to grow organic food, and increased organic components.

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The organic baby food market will also receive a positive impact from the veering perspectives of pediatricians recommending such food items. According to them, though there isn’t strong evidence against organic baby food, there surely exists a powerful case against the harmful effects of nonorganic living. The desperate need of parents to raise healthy families is likely to be the undercurrent responsible for the organic baby food market to span out in the coming years.

Table of Content

1. BRIC Organic Baby Food Market – Executive Summary

2. Research Methodology

3. Assumptions & Acronyms Used

4. BRIC Organic Baby Food Market Overview

5. BRIC Organic Baby Food Market Overview

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Business Alliances to Open New Growth Opportunities for Players in Food Encapsulation Market

Market Value Forecast

Globally, the food encapsulation market is estimated to be US$ 3,252.2 million in 2014 and expected to reach at US$ 5,464.6 million by 2020, by registering a CAGR of 9.4% during 2015-2020.Need to efficiently blend ingredients while ensuring taste, flavour and shelf-life stability of finished products is of vital importance. Also, companies need to focus on combining encapsulation technology and wall material for enhanced product life in applications such as dairy products, beverages, and animal nutrition products.

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Wall Material Analysis

The wall material segmentation includes analysis of flavouring agents, acids, bases, and buffers, lipids, enzymes & microorganisms, amino acids & peptides, vitamins & minerals, antioxidants and others (artificial sweeteners and leavening agents). Among all the segments, flavouring agents is expected to witness a CAGR of 10.5%, accounting for US$ 1,677.4 Mn by 2020 followed by vitamins and minerals, registering a CAGR of 9.7% during the forecast period. In terms of market share contribution, vitamins and minerals is expected to account for 40.7% of the total food encapsulation market by 2020.

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Core Material Analysis

The wall material segmentation includes analysis of carbohydrates, proteins, lipids and waxes. Of which, proteins is expected to witness a CAGR of 10.0%, accounting for US$ 1,209.3 Mn by 2020 followed by carbohydrates, registering a CAGR of 9.2% during the forecast period. Protein-based encapsulation offers high benefits regarding sensory impact of microcapsules in the finished product. Thus, it is expected to witness increased demand among manufacturers in the near future.Also, encapsulation of probiotics in whey protein gel particles results in increased storage and processing, coupled with extended applications for vegetable, biscuits, and juice products. This is expected to fuel the demand for protein-based matrix during the forecast period.

Table of Content

1 Research Methodology

2 Executive Summary

3 Global Food Encapsulation Market: Taxonomy

4 Global Encapsulation Market Overview

5 Global Food Encapsulation Market Size and Forecast

About MRRSE

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Toxicology Laboratories Industry - Market Detailed Analysis and Forecast by 2022

Toxicology testing is the process of identifying traces of poisons and controlled substances in given samples. Results obtained from such testing enables legal implementation and control of consumption of illegal drugs and substances such as amphetamines, barbiturates, benzodiazepines, opiates/opioids, tricyclic antidepressants, and Z Drugs. Such tests are enforced by various federal agencies in case of criminal offences, but primarily by employers across the U.S. to ensure safe and secure atmosphere for employees. Toxicology testing laboratories conduct sample testing to trace various controlled substances and to establish whether these substances are being excessively consumed. These tests are conducted on suspect samples, which include urine, hair, blood, and oral fluids.

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North America toxicology laboratories have been estimated to be valued at US$ 97.4 Mn in 2015, which is anticipated to increase to US$ 198.2 Mn revenue by 2022 at a CAGR of 11.1%. Factors such as growing abuse of controlled substances, increased intervention by government authorities, regulations to deter uncontrolled consumption of illicit drugs, and favorable reimbursement policies for conducting toxicity testing across workplaces are expected to drive the growth of the toxicology laboratories market in North America.

By drug class, the North America toxicology laboratories market is segmented into, alcohol, amphetamines, barbiturates, benzodiazepines, opiates/opioids, tricyclic antidepressants, and Z-Drugs. Amphetamine, opiate/opioids, benzodiazepines, and barbiturates segments have been estimated to emerge as the highest revenue generating segments, collectively accounting for around 81% share of the overall market value in 2015.

By product type, the market is broadly segmented into instrument and reagents and kits. Instrument segment is further sub-segmented into immunochemistry analyzers, PCR machine, gas chromatography (GC)-mass spectrometry (MS), and high-performance liquid chromatography (HPLC). Reagents and kits segment is further sub-segmented into, ELISA kits, PCR kits, enzyme multiplied immunoassay technique (EMIT), and radio immuno-sorbent assay (RIA).

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By sample type, urine sample segment is expected to contribute highest in terms of revenue over the forecast period. This is due to its non-invasive nature and ease of collection method, which promotes its application in analyzing alcohol, opioids, and amphetamine drugs.

By end user, the forensic laboratories segment is expected to be the highest revenue generating segment, owing to wide usage of drug testing across federal agencies and various production industries. Forensic laboratories segment has been estimated to account for around 48% share of the overall North America toxicology laboratories market in 2015.

By country, the U.S. dominated has been estimated to remain the dominant market, with over 83% market share in 2015, owing to controlled substance abuse and active regulatory guidelines to curtail the abusive consumption of controlled drugs.

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Key players operating in the North America toxicology laboratories market include Thermo Fisher Scientific, Agilent Technologies, Bio Rad Laboratories Inc., Alere Inc., Eurofins Scientific, Neogen Corporation, Enzo Life Sciences, Inc., and Vala Sciences Inc.

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New Study: Smart Mirror Market studies Research Report, Industry Survey, Worldwide Strategy

Smart mirrors are highly functional advanced mirrors manufactured by integration of embedded electronics such as displays, cameras, and sensors. Smart mirrors offer an array of features such as Internet connectivity and some products offer touchscreen option. Globally, the smart mirror market is witnessing significant growth due to increasing demand for the smart mirror in major shopping outlets & malls and government regulations mandating installation of ‘camera display mirrors’ in light motor vehicles in some countries across the globe. Also, increasing the popularity of smart mirror among individuals with highly busy work schedules, changing lifestyle, and increasing affluent population, mostly in countries in developed regions of the world is driving the growth of the global smart mirror market. However, the high initial cost associated with the implementation of the smart mirror, privacy concern among users are the factors impeding the growth of the global smart mirror market to a certain extent.

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The global smart mirror market has been estimated to be valued at US$ 386.8 million in 2015, and is expected to witness a healthy CAGR from 2016 to 2022. The global smart mirror market is segmented on the basis of the component, application, and region. By component, the market is segmented into sensors, displays, camera and others. Of these segments, displays segment has been estimated to dominate the market in 2015, with over 40% market share in terms of revenue contribution.

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By application, the global smart mirror market is segmented into automotive sector, consumer & residential, healthcare, and retail sector & advertising. Automotive sector segment has been estimated to be the dominant segment in 2015; however, consumer & residential segment is expected to expand at a highest CAGR over 2016–2022, due to increasing adoption of new & innovative technologies in the smart mirror industry by various smart mirror manufacturers across the globe.

On the basis of geography, the global smart mirror market is segmented into five major regions such as North America, Europe, Middle East & Africa, Asia Pacific and Latin America; among these, North America has been estimated to be the largest regional market for the smart mirror in 2015. In term of volume, the market in North America is expected to exhibit the fastest CAGR of over 2016-2022.

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The key players operating in the global smart mirror market include Gentex Corporation, Magna International Inc., Pro Display, Evervue, Séura, Alke, ad notam AG, Tech2o, Samsung Electronics Co., Ltd., TOSHIBA CORPORATION, Panasonic Corporation.

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Deep Research on Scar Treatment Market Future Trends and Scope Analysis By 2022

An increasing number of burn cases, skin disorders, trauma injuries, and surgeries are leading to rising number of scar revision procedures in North America. It has been noted that majority of scar revision procedures conducted in related to acne scars. As estimated by the American Society of Plastic Surgeons, 177,000 scar revision procedures were performed in the U.S. in 2014. Scar treatment procedures such as topical treatment, laser treatment, surface treatment, and injections are used to minimize scars. Topical scar treatment is a minimally invasive treatment, which includes the application of topical products such as gels, creams, oils, and sheets directly on the scars in order to reduce their appearance. Topical product segment accounted for the largest market share in North America scar treatment market in 2014. Laser scar treatment includes CO2 lasers, pulsed dye laser and excimer laser, or more precisely an exciplex laser, which helps remove unwanted or damaged skin in a very precise manner, one layer at a time.

The scar treatment market in North America has been estimated to be valued at US$ 3,355.0 Mn in 2016, and the markets in the U.S. and Canada are projected to witness stable growth rates over the forecast period. This is attributed to technological innovations and increasing application of topical products by consumers in this region.

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The primary growth driver for the North America scar treatment market is increasing the prevalence of trauma and burn injuries and acne cases. It has been estimated that a large base of the population in North America suffer from acne scarring. According to the American Academy of Dermatology, acne is the most common skin condition in the U.S., affecting over 50 million Americans annually. Furthermore, rising awareness regarding personal care products, the wide availability of various minimally invasive treatments and increasing adoption of e-Commerce marketing techniques by manufacturers of scar treatment products is expected to create a favorable environment for the growth of the North America scar treatment market over the forecast period.

Advancements in scar treatment products and treatment methods have led to the integration of innovative solutions in scar treatment. For example, the usage of dermal fillers (injections) in combination with laser treatment such as fractional non-ablative laser treatment and chemical peels, has been known to positively impact its effectiveness in treating acne scars.

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Rising overall healthcare expenditure is also expected to contribute to overall growth of the scar treatment market in the near future. Scars have an adverse impact on the appearance and in turn result in lowering the confidence of an afflicted individual. Healthcare costs associated with scar treatment among all age groups is increasing significantly across the North America.

Revenue from the market in North America is expected to expand at the highest CAGR during the forecast period. Increasing prevalence of trauma, burns, and other skin-related disorders, rising demand for minimally invasive scar revision procedures are factors expected to drive market growth in the region. However, rising adoption of e-Commerce marketing and increasing adoption of combination therapies tends to increase adoption of scar treatment therapies among patients and thus, leads to standardization of the market in the region. For example, for the treatment of acne scarring, involving chemical peeling (with trichloroacetic acid) followed by subcision (a process of separating acne scar from the underlying skin) and finally fractional laser irradiation, are widely accepted in the U.S. Also, rising awareness regarding personal care and increasing e-Commerce marketing is expected to drive market growth in the region. However, side effects such as hyperpigmentation, skin rashes and skin redness associated with scar treatment procedures and high cost per procedure are factors expected to moderately hamper the growth of the market in North America during the forecast period.

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The market in the U.S. accounted for the largest share of the North America scar treatment market, attributed to rising demand for minimally invasive surgical procedures and rising employability leading to increasing spending power in the country. High cost per procedure and lack of skilled professionals are also expected to affect the overall market for the scar treatment in the U.S. over the next few years.

The market in Canada is expected to witness stable growth over the forecast period and is expected to evolve over time with increasing technological advancements and rising awareness through e-Commerce marketing techniques.

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Polyurethanes segments are expected to witness a steady growth in Electronics Adhesives Market

Global Electronics Adhesives Market Overview

Global Electronics Adhesives market is projected to reach US$ 6,297.7 Mn by 2020, registering a CAGR of 12.1% during the forecast period, 2015-2020. Electronics adhesives are a class of specialty adhesives that find numerous applications in electronic devices and components used across diverse industries. The electronics adhesives have witnessed increased adoption in electronics assembly and electronics packaging applications owing to a gamut of functional advantages offered by these adhesives. The global demand for electronics adhesives is expected to reach 1.9 Mn tons by the end of forecast period.

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Electronics Adhesives Market: Materials Overview

Based on material type, global electronics adhesives market is segmented into epoxies, polyurethanes, silicones, acrylics, and others segments. Among the aforementioned segments, acrylics segment is expected to witness the fastest growth to reach US$ 1,983 Mn in value by 2020. Projected market value share of acrylics segment is 31% followed by silicones segment by 2020. According to FMI\'s forecast, epoxies and polyurethanes segments are expected to witness a steady growth in electronics adhesives market during the forecast period.

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Regional Overview of the Electronics Adhesives Market

Asia Pacific dominates the market for electronics adhesives. The region accounted for an estimated 60% of the global electronics adhesives market value in 2014 and is expected to further strengthen its position by the end of 2020. Asia Pacific region is followed distantly by Europe and North America in terms of their share in the global electronics adhesives market. A steady high-single-digit growth is expected to be exhibited by these regions.

Table of Content

1. Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Market Overview

5. Global Electronics Adhesives Market, By Material Type

About MRRSE

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Pyridine Industry – Demand for Synthetic Pyridine to Drive Growth During Forecast Period 2015 -2025

Pyridine is a toxic and soluble flammable liquid base with a distinct, strong odor. It is often considered the parent compound of several naturally occurring organic compounds. It is the preferred choice as a precursor to agrochemicals and pharmaceuticals. Initially, pyridine was extracted from coal tar or obtained as a by-product of coal gasification. The process was very expensive and inefficient as coal tar constituted only 0.1–0.2% of pyridine after extraction. Currently, pyridine and its derivatives are produced synthetically. The most commonly used reactions for pyridine synthesis are Chichibabin synthesis, Bönnemann cyclization, and Cobalt-catalyzed alkyne-nitrile cyclotrimerization, etc.

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Drivers and Trends

Growing demand for pyridine and its derivatives arising from pharmaceuticals and agrochemicals applications due to multiple chemical functionalities is expected to drive the market during the forecast period. Pyridine was used only as a solvent in chemicals, adhesives, and pharmaceuticals, but pyridine derivatives are now increasingly being used as starting material in the manufacture of agrochemicals, pharmaceuticals, food-flavoring additives, etc. Pyridine derivatives are also used as a denaturant for antifreeze mixtures. Advancement in biocatalysts processes, increase in demand for synthetic pyridine, and increasing applications of pyridine in pesticides and herbicides are some other factors driving the growth of the global pyridine market. Extensive research is being conducted by companies to increase chemical functionalities of pyridine and its derivatives in order to increase its uptake in agrochemicals such as fungicides, insecticides/acaricides, and herbicides.

Market Taxonomy

Persistence Market Research, in its report titled, “Global Market Study on Pyridine Market: Increasing Demand for Synthetic Pyridine to Drive Growth during Forecast Period 2015 -2025”, has categorized the global pyridine market into key segments based on product type, application, and region. On the basis of product type, the market is segmented into pyridine N-oxide, alpha picoline, beta picoline, gamma-picoline, and 2-Methyl-5-Ethylpyridine (MEP). On the basis of application, the global pyridine market is segmented into agrochemicals, pharmaceuticals, chemicals, food, and others. On the basis of region, the overall pyridine market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

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Analysis, by Region

Asia Pacific is expected to expand at an accelerated CAGR of 8.7% in terms of volume in the global pyridine market during the forecast period. The region has been estimated to account for volume share of around 38.3% of the global pyridine market by 2015 end. In terms of market value, Europe is expected to account for a major share of the global pyridine market during the forecast period, followed by Asia Pacific and North America.

Analysis, by Application

Agrochemicals segment has been estimated to account for the largest share of the global pyridine market in 2015 and is expected to expand at a CAGR of 8.5% over 2015–2025 in terms of value. Denaturant sub-segment is expected to be the key contributor to the rapid growth of chemicals segment through 2025. The sub-segment is expected to exhibit above-average CAGR of 7.4% over the forecast period in terms of value. New product launches in pharmaceuticals and agrochemicals segments and higher capacity utilization of pyridine derivatives are key factors expected to lend impetus to market growth.

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Analysis, by Product Type

Pyridine N-oxide segment has been estimated to account for the largest share of the global pyridine market in 2015 and is expected to expand at a CAGR of 8.3% over 2015–2025 in terms of value. Beta picoline is used to produce Vitamin B3. In terms of volume, beta picoline segment is projected to expand at a moderate CAGR over the forecast period. This is mainly attributed to rising demand for niacin in developing regions such as APAC and Middle East & Africa.

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Polycaprolactone Market Detailed Analysis and Forecast by 2021

Polycaprolactone (PCL) is a fossil-based, semi-crystalline and biodegradable polyester. PCL is a specialty building block in high-performance polyurethane elastomer. Owing to its value-adding properties such as molecular weight distribution, hydrophobicity and low viscosity, polycaprolactone and its copolymers such as polycaprolactonediol, polycaprolactonetriol, and polycaprolactonetetral has found wide application in the production of polyurethane (PU), thermoplastic polyurethane (TPU) and polyols. It is one of the most widely preferred biodegradable polymers due to its high flexibility and biodegradability as well as hydrophobic nature. It is widely used in the manufacture of drug delivery devices and other medical components such as suture, wound dressing tapes, dental appliance etc. End-user industries of PCL includes automotive, leather, paints & coating, medical devices manufacturer, packaging etc.

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Revenue from the global polycaprolactone market is expected to expand at a CAGR of 11.1% over the forecast period, to reach the market value of US$ 214.2 Mn by an end of 2021.

Demand for polycaprolactone is influenced by a number of factors, including increased investments in manufacturing of medical devices in developed and developing economies. Growing demand for polyurethane in developing economies is a major factor driving the growth of the global market. Product and technology innovations focused on eco-friendly and cost-efficient solutions is another factor expected to fuel the growth of the market over the forecast period. A major trend observed in the market is FDA approval of PCL in medical applications, which leads to the adoption of PCL in the manufacturing of a variety of medical devices and components, and industry preference for low VOC (Volatile Organic Compound) coatings due to stringent environmental regulations limiting VOC emissions.

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Persistence Market Research, in its report titled “Polycaprolactone Market: Global Industry Analysis and Forecast, 2015–2021”, has segmented the global polycaprolactone market into form type, application, and regions. On the basis of form type, the market is segmented into pellets, nano sphere, and microsphere. On the basis of applications, the market is segmented into the thermoplastic polyurethane (TPU), healthcare, and others, including 3D printing and hobbyist market. On the basis of healthcare application, the market is segmented into drug delivery and wound care management. Wound care management is further segmented into the suture, wound dressing tapes, tissue engineering, orthopaedic, and dental implant. On the basis of geographic regions, the polycaprolactone market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

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Amongst the aforementioned region-based segments in the global polycaprolactone market, Asia Pacific polycaprolactone market is expected to expand at an accelerated CAGR of 12.0% in terms of volume during the forecast period. The market in the region is estimated to account for a share of around 29.5% of the global polycaprolactone market volume by 2015. In terms of volume, Europe is expected to depict steady growth during the forecast period. It has been estimated to account for a value share of 38.1% by the end of 2015. Latin America and the Middle East & Africa polycaprolactone markets are expected to expand at a slow CAGR of 9.5% and 10.0% respectively in terms of value over the forecast period.

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Pharmaceutical Excipients Market Analysis, Development, Growth and Demand Forecast to 2021

Pharmaceutical excipients are substances other than pharmacologically active drug components, which are included in the drug manufacturing process or contained in a finished pharmaceutical product dosage form. They facilitate formulation design and perform a range of functions such as increasing lubricity, enhancing flowability and improving compressibility, among other characteristics. The global market for pharmaceutical excipients has been segmented based on the source of origin or chemistry type as per U.S. pharmacopeia, i.e. plant-based, animal-based, mineral-based and synthetically derived excipients. The market has also been segmented by application type and functionality of various excipients, and by regions.

The global pharmaceutical excipients market is estimated to be valued at US$ 7,415.2 Mn by 2021 end, with various markets registering significant CAGRs during the forecast period.

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The growth of the global pharmaceutical excipients market is mainly driven by increasing demand for drugs that can be consumed orally. Ease of consumption and associated patient comfort has been pushing big drug makers to develop sustained-release dosage formulations. This also contributes to extended shelf life of oral drugs, which adds to higher revenue prospects. However, non-availability of harmonized quality standards for gradation of excipients and their safety evaluation standards are some factors expected to restrain the growth of the market over the forecast period.

International regulatory benchmarking for uniform good manufacturing and distribution practices for excipients, spanning regions, is set to define the market landscape of the excipient industry over the forecast period. This is expected to be accompanied by standardized documentation, and approval and pharmacovigilance activities related to these inactive ingredients.

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Based on chemistry type, the market has been segmented into plant-based, animal-based, mineral-based, and synthetically derived. Globally, naturally derived excipients are witnessing increased demand due to lesser side effects, such as flatulence, skin rashes, etc. and improved composition quality. In terms of value, the plant-based excipient is estimated to account for close to one-third of the global market share by 2021 end. The segment is expected to gain market attractiveness throughout the forecast period. The principle plant-based excipients expected to witness increased demand are microcrystalline cellulose (MCC), starch, and starch-derivatives. They would find primary application in oral formulations.

Based on application, the market has been segmented into oral, topical, parenteral formulations, and others. Others segment includes less frequently used drug delivery methods such as suppositories, intra-muscular, transdermal, ophthalmic, etc. Lack of highly developed controlled manufacturing facilities and fear of anti-microbial contamination is expected to deter the development of excipients such as solvents and co-solvents in certain regions over the forecast period.

Based on functionality, the global excipient market has been segmented into binders, diluents, glidents, disintegrants, and others (solvents, co-solvents, anti-microbial agents, humectants, colorants, sweeteners, etc.). The binders functionality segment, consisting of binders, fillers, and coating agents are primarily used in oral solid dosage formulations and is expected to account for close to 50% of the total excipient market by value over the forecast period. The segment is expected to be valued at US$ 3,523.8 Mn by 2021 end, registering a significant CAGR over the forecast period.

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The global pharmaceutical excipients market has been segmented into five major regions namely North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. In terms of value, North America is estimated to be dominant, accounting for over one-third of the total excipients market value by 2015 end. Asia Pacific is estimated to emerge as the fastest growing market among all the emerging regions while revenue from the market in Europe is expected to expand at a healthy CAGR of 6.1% over the forecast period despite the ongoing economic downturn in the region.

Some of the key players covered in the global pharmaceutical excipients drug market report are BASF SE, Evonik Industries AG, Innophos Holdings Inc., The Lubrizol Corporation, The Dow Chemical Company, Wacker Chemie AG, and Ashland Inc. The report is enriched through identification of company-specific strategies related to excipient raw material sourcing, research and development, market consolidation initiatives, and analyzes of the various market player’s specific strengths, weaknesses, opportunities, and threats.

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Krill Oil Market is expected to reach a value of US$ 703.0 Mn by 2022

The global krill oil market is experiencing rapid growth owing to increasing health awareness among consumers. Awareness regarding the benefits of omega-3 fatty acids, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) is increasing globally.

In terms of value, the global krill oil market was valued at US$ 267.7 Mn in 2014 and is expected to reach a value of US$ 703.0 Mn by 2022, expanding at a CAGR of 12.9% during the forecast period (2015-2022). Rising adoption of fish oil alternatives is driving overall market growth. Initially, fish oil was only consumed on doctor recommendation but has been increasing in recent years owing to growing awareness regarding the health benefits. This is turn is fuelling the demand for krill oil supplements.

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On the basis of form, the market is segmented into liquids and tablets. In 2014, the liquid segment was valued at US$ 102.6 Mn and has been estimated to account for US$ 115.0 Mn by the end of 2015. The tablets segment was valued at US$ 165.1 Mn in 2014 and has been estimated to be valued at US$ 185.7 Mn by the end of 2015. Tablets segment is further sub-segmented as soft gels and capsules.

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On the basis of application, the market is segmented into dietary supplements, functional food & beverages, pharmaceuticals, pet food & animal feed and others (infant formula). In 2014, the dietary supplements segment was valued at US$ 107.1 Mn and is expected to reach US$ 297.2 Mn by the end of 2022. The segment is expected to register highest CAGR of 13.7% during the forecast period. The functional food & beverages segment is expected to register the CAGR of 13.1% during the forecast period, followed by others segment with 12.9%.

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Key players in the global krill oil market include Qingdao Kangjing Marine Biotechnology Co., Ltd., Enzymotec Ltd., RB LLC., NWC Naturals Inc., NutriGold Inc., Daeduck FRD Inc., Aker BioMarine SA, Neptune Technologies & Bioressources Inc., and Olympic Seafood AS (RIMFROST AS).

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