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LATAM PoC Diagnostics Market Will Reach USD 1.73 Billion by 2024

Latin America point of care diagnostics market to reach USD 1.73 billion by 2024, according to a new report by Grand View Research, Inc. Penetration of major key players in Latin American countries coupled with increased initiatives by government and academic institutes towards retaining the spread of chronic diseases is expected to fuel market growth through to 2024. 

Moreover, increaseddensity of geriatric population in the countries and immigration of retired people from Northern and Central America to this region looking forward towards assisted living healthcare and home health care is anticipated to propel growth in the coming years.Furthermore, owing to increased geriatric population prevalence of chronic, endemic and infectious diseases is high in LAC which is expected to increase the market potential through to 2024. 

Further key findings from the report suggest:

  • Owing to the higher prevalence of diabetes, glucose testing was estimated to have highest share in revenue in 2015. Substantial increase in adoption of products pertaining to glucose testing and rise in number of major players in addition to local manufacturers in developing countries of Latin Americanare factors attributive to contribute stable contribution to segment revenue generation. 
  • Hb1Ac POC test is the second highest contributor to the market share with respect to revenue. This segment is expected to grow at a CAGR faster than glucose testing owing to itsreliability and rapidly increased patient base for diabetes management. 
  • High prevalence of endemic infectious disease along with positive potential for emergence of new diseases like Ebola make infectious disease testing another segment of prime activity in Latin America point of care market. This segment includes rapid diagnostic tests for a considerable number of infectious diseases like HIV, Influenza/Flu, Clostridium Difficile, HBV, HPV, Pneumonia Or Streptococcus Associated Infections, Respiratory Syncytial Virus (RSV), HCV, MRSA, TB And Drug-Resistant TB, HSV, Ebola, Cryptosporidiosis, E.Histolytica, Syphilis, Legionella/Legionnaires’ Disease, Adenovirus Infections, Trichomonas, Rubella 
  • Growing prevalence of a number of infectious diseases in lower economy countries like Haiti, Bolivia, Guatemala, and others in addition to rapid spread of STDs in developing economies of Brazil, Mexico, and Chile is expected to propel the need for POC diagnostics over the forecast period. Further, number of initiatives by government for early screening and diagnosis of the diseases, and support to set up health checkups and camps is anticipated to contribute towards rise in demand. 
  • Clinics are estimated to dominate the Latin America POC diagnostics industry with respect to end user owing to the increased awareness for health care among the population and initiatives by international healthcare organizations and number of governments to control the spread of diseases in this region. Owing to increased availability of products and comparative rise in usage rate for disease monitoring and diagnosis the segment is expected to generate lucrative revenue for the market. 
  • Brazil dominated Latin America POC diagnostics industry in 2015, with an estimated share in revenue of over 35%. Presence of healthcare reforms like Unified Health System (SUS) is expected to fuel the market growth in Brazil. high prevalence of infections and rapid increase in incidences of diabetes, cancer and cardiac disorders in the country is anticipated to rise demand for POC diagnostics. 
  • Chile is estimated to witness potential growth in the coming years owing to emergence of Zika virus in addition to higher prevalence of Chagas disease. Developments carried out in the economy in order to develop the healthcare infrastructure, control and reduce the incidence of target diseases along with preventing emergence of new diseases are expected to boost the demand for POC diagnostics in this country. 
  • Major participants in this industry include Abbott Laboratories, Alere Inc (Abbott), Roche Diagnostics, Bio-rad Laboratories, Danaher Corporation, bioMerieux, Agilent Technologies, Inc., OraSure Technologies Inc, Siemens Healthineers, Abaxis Inc. 
  • Strategies by participants to maintain competitive advantage over others in the industry to enhance the market presence is expected to enhance market growth in this region. Initiatives by government to bring together manufacturers, healthcare service providers and research institutes are anticipated to maintain revenue generation for industry. 
  • For instance, in May 2016, Chembio Diagnostics announced to introduce a POC diagnostic test for Zika virus in Brazil. In addition to this the company is also working in collaboration with Bio-Manguinhos for over 12 years and has developed and commercialized POC tests for HIV, Leishmania, and Syphilis

Browse Details pf Report @ http://www.grandviewresearch.com/industry-analysis/latin-america-point-of-care-poc-diagnostics-market


Agrochemical Market : The Future Impact Of The Propellants And Restraints On The Market

Agrochemical is a general term for the different kinds of chemical products used in agriculture. Agrochemicals refer to the broad range of pesticides, including herbicides, fungicides, insecticides  and nematicides. Agrochemicals are specialty chemical products used, particularly in horticulture, agriculture and floriculture. It includes broad range of pesticides, chemical growth agents, hormones and other synthetic fertilizers. It also includes synthetic fertilizers, hormones  and concentrated stores of raw animal manure.

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The increasing research and development (R&D) in the field of bio-pesticides in order to compete with organic farming and integrated pest management (IPM) is one of the most recent trends in the global agrochemicals market. Increasing government programs to educate farmers and provide them with the best possible methods to produce high quality crop yield, farms and livestock is another common trend in the agrochemicals market. In various countries such as India, the government provides agricultural subsidy in the form of financial aid to farmers to supplement their income and manage the supply of agricultural commodities

Growing acceptance of genetically modified seeds by the farmers, along with government initiatives towards organic farming and integrated pest management (IPM) are some of the key challenges that are obstructing the growth of agrochemicals industry. Genetically modified seeds have self-immunity towards naturally adverse conditions which pose a challenge to the agrochemicals market.

In several countries of Asia-Pacific, registration of new products takes 3-5 years which discourages domestic manufacturers. Post-harvest losses of crops are estimated at 690.62 USD every year. Supply chain inefficiency and inadequate infrastructure are the major causes for such losses. Hence, longer period for registration of innovative products and high post-harvest losses are some other factors which act as restraints for the agrochemicals market.

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Growth of horticulture & floriculture, increasing awareness towards the use of fertilizers and pesticides coupled with the increasing literacy rate among farmers in major crop producing countries is boosting the global agrochemicals market. One of the major drivers for the market is the growth of agrochemicals in demand for food grains, due to to increasing global population along with decreasing per capita farm land due to sudden rise in urbanization and industrialization.

Some of the top competitors in the global agrochemicals market are Monsanto Company, Bayer AG, Syngenta, BASF SE, Sumitomo Chemical Co., Ltd., Agrium Inc., The Dow Chemical Company, Yara, and ICL among others

 


Cleanroom Doors Market Size, Share, Growth and Forecast Report 2022

The global cleanroom doors market is expected to grow at a CAGR of 5.3% during the period 2016 – 2022. The cleanroom doors market is growing due to increasing utilization of cleanroom doors in pharmaceuticals, biotechnology and medical device industry, hospitals, and research laboratories and institutes. The growing demand of cleanrooms globally is resulting in increased demand of cleanroom doors.

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Cleanroom doors are vital component of cleanrooms. Cleanroom doors with low quality may cause degradation and alteration of the quality of products manufactured in cleanrooms. Doors are required to be airtight with high cycle speed, to keep the clean room free from contaminants. Therefore, the need for improved and effective quality of environmental conditions while preparing pharmaceutical and other healthcare products is expected to fuel the demand for cleanroom doors in the coming years. As a result, the demand for cleanroom doors is expected to increase during the forecast period.

Browse full report at: https://www.psmarketresearch.com/market-analysis/cleanroom-doors-market

In addition, the growth of pharmaceuticals and biotechnology industry in various countries across the globe are leading to increased demand of cleanrooms and cleanroom doors. Various pharmaceuticals, such as vaccines, injections and ointments, need to be prepared in microbes and particulates free environment. Cleanroom offers suitable environmental conditions by lowering the level of pollutants, such as dust, chemical vapors, microbes and aerosol particles. Various medical devices, such as implants and surgical equipment need to be manufactured in special environmental conditions with minimal pollutants. Various legislations have been passed worldwide regarding the manufacturing of medical devices in cleanrooms. These legislations focus on the manufacturing of contamination free products which can be used directly for internal purposes without the risk of infection.


Cleanroom Doors Market Size, Share, Growth and Forecast Report 2022

The global cleanroom doors market is expected to grow at a CAGR of 5.3% during the period 2016 – 2022. The cleanroom doors market is growing due to increasing utilization of cleanroom doors in pharmaceuticals, biotechnology and medical device industry, hospitals, and research laboratories and institutes. The growing demand of cleanrooms globally is resulting in increased demand of cleanroom doors.

Browse report sample at: https://www.psmarketresearch.com/market-analysis/cleanroom-doors-market/report-sample

Cleanroom doors are vital component of cleanrooms. Cleanroom doors with low quality may cause degradation and alteration of the quality of products manufactured in cleanrooms. Doors are required to be airtight with high cycle speed, to keep the clean room free from contaminants. Therefore, the need for improved and effective quality of environmental conditions while preparing pharmaceutical and other healthcare products is expected to fuel the demand for cleanroom doors in the coming years. As a result, the demand for cleanroom doors is expected to increase during the forecast period.

Browse full report at: https://www.psmarketresearch.com/market-analysis/cleanroom-doors-market

In addition, the growth of pharmaceuticals and biotechnology industry in various countries across the globe are leading to increased demand of cleanrooms and cleanroom doors. Various pharmaceuticals, such as vaccines, injections and ointments, need to be prepared in microbes and particulates free environment. Cleanroom offers suitable environmental conditions by lowering the level of pollutants, such as dust, chemical vapors, microbes and aerosol particles. Various medical devices, such as implants and surgical equipment need to be manufactured in special environmental conditions with minimal pollutants. Various legislations have been passed worldwide regarding the manufacturing of medical devices in cleanrooms. These legislations focus on the manufacturing of contamination free products which can be used directly for internal purposes without the risk of infection.


Changing Trends in Fashion World may Trigger Demand for Apparel Accessories, Finds Fact.MR

The global apparel accessories market is predicted to witness a decline in sales in terms of both value and volume due to the influx of counterfeit products and various other factors. Low consumer confidence about products offered in the global apparel accessories market and ongoing economic concerns in some countries could hamper the demand significantly. Moreover, fast fashion companies are expected to pose some threat to established players in the global apparel accessories market. On the other hand, online retailers are challenging the popularity of these players on the back of aggressive pricing strategies. 

Fact.MR prophesies the global apparel accessories market to rise at a 4.6% CAGR during the forecast period 2017-2022. Among different types of products offered in the global apparel accessories market, handkerchiefs currently secure a nearly 14.0% share in terms of revenue sales. By the end of the forecast period, their sales could be worth a US$13.2 bn. in the global apparel accessories market. APEJ could be one region that is expected to witness robust sales growth of handkerchiefs in the global apparel accessories market. The Fact.MR report classifies the global apparel accessories market into more segments, viz. hat, gloves, neckties, jewelry, eyewear, scarves, handbags, and belts. 

The winter apparel accessories market is prognosticated to face the brunt of low sales of gloves and woolen scarves because of unexpected climatic changes. By demographics, the global apparel accessories market is segregated into men, women, and children. Among these, the women segment could become highly attractive in the global apparel accessories market. This trend is expected to remain as is throughout the course of the forecast period. The men segment could tread upon the heels of the women segment of the global apparel accessories market in terms of share. 

By sales channel, the global apparel accessories market is bifurcated into online, specialty stores, franchise outlets, and modern trade. Among these, modern trade is envisaged to account for a larger share of the global apparel accessories market in the near future. It is responsible for selling a colossal volume of apparel accessories each year. By price, the global apparel accessories market is divided into super-premium, premium, mid, and economy. According to the analysts, economically-priced products could gain larger demand in the global apparel accessories market. They account for a close to 39.0% share of the global apparel accessories market. Their market is foreseen to post a 4.0% CAGR during the said forecast period. 

From a geographical perspective, the global apparel accessories market is projected to find APEJ taking a commanding share in the foreseeable future. Even in 2017, the region accounted for a substantial share of the global apparel accessories market. There are certain factors augmenting the demand for apparel accessories in the regional market. For instance, easy availability of raw materials, low cost of labor, steady economic growth, and growing middle-income population are anticipated to push the demand in the APEJ apparel accessories market. APEJ is also envisioned to exhibit an above average CAGR in the global apparel accessories market. 

The U.S. may continue to witness a significant number of small and large companies operating in the domestic as well as international apparel accessories market. These companies could offer both private label and branded products in the apparel accessories market. In the U.K., the move from formal clothing to more casual wears is expected to hamper the demand in the country-wise apparel accessories market. The negative impact could be evident on the sales of ties and belts in particular. However, APEJ countries such as India are envisaged to create a whole lot of demand for apparel accessories because of the growing influence of the West and increasing fashion consciousness among urban consumers.


Commercial Electric Vehicle Market Analysis, Growth Opportunities by Leading Manufacturers

Commercial electric vehicle market is projected to reach $362.7 billion by 2025, according to P&S Intelligence.

The growth of the market is majorly driven by stringent vehicular emission norms all around the globe. Conventional diesel-powered commercial vehicles contribute significantly to greenhouse gas (GHG) emissions. In order to cut down the emissions from these vehicles, the governments in different countries are tightening the emission standard. In addition, the governments are supporting the adoption of commercial vehicles running on alternative fuels by announcing financial incentives schemes for the purchase of these vehicles, benefitting the market during the forecast period.

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Based on vehicle type, the market has been categorized into electric bus and electric truck.

The commercial electric vehicle market for electric buses grew at a faster rate, with a CAGR of 75.9% in terms sales volume, during the historical period. Huge demand for electric buses from customers, including city governments and public-transit operators, is a propulsion to the strong adoption of electric buses.

Globally, APAC held the largest share in the commercial electric vehicle market during the historical period, accounting for more than 80% sales volume in 2017. China is the largest market for these vehicles in the world. Favorable government subsidies, stringent emission norms, and fuel-based vehicle replacement targets are the major factors driving the domestic demand for commercial electric vehicles in China.

The commercial electric vehicle market in other parts of the world is still in its nascent phase and depends largely on government policies. The presence of few electric bus manufacturers and comparatively higher upfront costs have restricted the sales of these vehicles in these regions. However, the manufacturers in these regions are investing heavily for the development of these vehicles, which is anticipated to upsurge the market growth during the forecast period.

The global commercial electric vehicle market is led by the Chinese manufacturers. Zhengzhou Yutong Group Co. Ltd., closely followed by BYD Co. Ltd., is the leading player in the electric bus market. These two companies hold a major share in the market, mainly on account of the longer battery life, more driving distance, and increased efficiency offered by their buses, as compared to buses offered by other market players. Dongfeng Motor Corporation is the leading player in the electric truck market.

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Other important player in the market are Zhongtong Bus & Holding Co. Ltd., Nanjing Golden Dragon Bus Co. Ltd., Zhuhai Yinlong New Energy Ltd., Futian Ouhui Bus, AB Volvo, Voltia a.s., Alkè, Zenith Motors, LLC, and Daimler AG’s subsidiary Mitsubishi Fuso Truck and Bus Corporation.


Using AI Developers to Match Patients to Clinical Trials

Computer learning the human language is one of the ways that doctors and relevant partners in the medical field are realizing medical breakthrough achievements in the medical field. This is what artificial intelligence is all about.

Medical trials are the basis on which breakthroughs are achieved when it comes to chronic diseases like cancer. The medical field is vast, and so is the medication. Merely finding an appropriate medical trial for a cancer patient is a process that will take a very long time and subsequent use of money to achieve. Governments and private based AI outfits are now more open-minded about clinical trials with AI, and new collaborations are being made in the medical field to speed the process.

Some of the advantages this will bring include:

  • Saving billions of dollars on unnecessary drugs
  • Shortening the chain of medical breakthroughs
  • Reducing the stress on patients that go through the analysis needed before trials.
  • Ensuring appropriate eligibility criteria
  • Facilitating locating eligible patients
  • Enrolling patients who are likely to complete the trials

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Matching patients to clinical trials are a process that includes a team of AI developers spending time with patients that are undergoing cancer treatments to attain a deeper understanding of what they are going through. A computer is not able to read between the lines, but developers can narrow this down by ensuring that the computer asks the right questions as well as to give the correct answers when interacting with a patient. The data collection also helps the patient get the information needed to know exactly where to go for the appropriate clinical trial that suits them.

A FRIENDLY CHATBOT INTERFACE

The beginning of the experience is characterized by a chat box that allows the patient or potentially eligible person to ask questions about the condition. The chatbot will provide answers through a written or voice conversation. It will also provide all the background information about the disease. This stage is usually done by a doctor that has to take time and answer as well as give information to the patients that will guide them toward the right clinical trials.

EXTRACTING AND ANALYZING INFORMATION

The second part of the experience involves the chatbot asking the patient to relay the correct information to the doctor for more details. This step is crucial since most people will not have an in-depth understanding of all the features needed to assess eligibility for a clinical trial. The relevant staff then feeds all the collected information into a simple wizard interface or the app which then analyzes the data to find the right clinical trials for the patient. This step is crucial as the doctor can skim down what the patient needs by a simple look at the data given by the chatbot without necessarily having to meet the patient in person. It saves time for the doctor and the patient in question while providing the best answers in the process.

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Ice Hockey Apparel Market : Hockey Jerseys/T-shirts to Register Fastest Sales

Apparel designers in the sports industry are consistently addressing the trends associated with the use of fabrics and advancements in the gameplay techniques. With increasing popularity of ice hockey, several companies manufacturing sports apparel are focusing upon capitalizing from the surging uptake for this sport. New materials being used to manufacture ice hockey apparels are being procured at cheap costs. Companies in the global ice hockey apparel market are working towards increasing the comfort levels of their apparels while simultaneously boosting their protectiveness quotient.

Fact.MR’s recently published study assesses the future of the global ice hockey apparel market for the period, 2017-2026. During this forecast period, the global ice hockey apparel market is expected to register a value CAGR of 2.5%. The report further estimates that the global ice hockey apparel market will record the sales of apparels worth over half a billion dollars by the end of 2026. A slew of factors have been analyzed to assess their impact on the growth of the global ice hockey apparel market. Key impediments for the growth of global ice hockey apparel market include;

  • increasing costs of raw materials and procurement complexities
  • durability of apparels and its impact in lowering yearly sales of market players
  • low scope of designing flexibility, which limits the extension of product lines

Browse Full Report with TOC- https://www.factmr.com/report/412/ice-hockey-apparel-market

6 Key Research Highlights from Fact.MR Study

  • Through 2026, North America will emerge as the largest market for ice hockey apparels, particularly to the prevalence of the sports in Canada and the US
  • With respect to the type of apparels, jackets are poised to remain the top-sellers while jerseys/t-shirts will register fastest revenue growth at 2.9% CAGR over the forecast period
  • While modern trade channels accounted for global sales of over US$ 100 Mn ice hockey apparels in 2017, third-party online channels will emerge as lucrative for future sales
  • In 2017 and beyond, men will be the leading consumers in the global ice hockey apparel market, accounting for a global market value share of approximately 85%
  • Throughout the forecast period, individual buyers will contribute to more than two-third of ice hockey apparel sales globally
  • By 2026-end, Europe’s ice hockey apparel market will account for one-third share of global market value

The report has profiled leading companies in the global ice hockey apparel market. Bauer Hockey, Inc., Adidas AG, Easton Hockey, Inc., Don Simmons Sports, Inc., Montreal-Tackla Hockey Company, Graf Skates AG, Sherwood Athletics Group Inc., New Balance, Inc., Tecnica Group S.p.A., and Wm T. Burnett & Co., Inc. are the leading manufacturers of ice hockey apparels expected to instrument the production in the global market over the near future. Several companies manufacturing ice hockey apparels are expected to extend the use of new fabrics made of hybrid and composite materials. In addition, these players are expected to invest in development of new designs for ice hockey apparels in order to boost their additional functions in protecting the body of the player. 


Worldwide Sales of Fats and Oils Estimated to Bring in Roughly US$ 110,000 Mn Revenues by 2026 End

According to Fact.MR, a CAGR of over 3% has been projected for the global fats and oils market during the forecast period (2017-2026), in terms of value. Volume sales of fats & oils across the globe are estimated to exceed 100,000,000 tons by 2026-end.

Consumers Inclining More toward Fats & Oils Providing Health Benefits

Preference for reducing saturated fat and oil from diet has been unrelenting among consumers over the past few years. The Generation Z and Millennial consumers are at present more inclined toward discerning fats and oils not only as permissible, but also as providing positive health benefits. These consumers are exhibiting ready acceptance of specific fats and oils that benefit their health. The food industry is simultaneously witnessing huge availability of certain plant-derived oils & its narratives, which are espousing healthfulness and naturalness thereby peeking consumer interest. Demand for pantry-friendly, simple and clean ingredients from the food industry has witnessed a significant surge, with growing consumer desire to eliminate genetically modified organisms (GMOs) in their food products, and seek organic foods. The rediscovered respect for importance of taste is a resurgent trend observed in the market.

Vendors in the market have commenced investing in best substitutes to trans-fat, in a bid to cater changing consumer demand, which in turn has proliferated production of functional and fortified food. This has further prompted vendors in developing new formulations of fats & oils. Growing development of manufacturing hubs across new markets has led to a surge in globalization of olive oil production, which is one of the latest trend being witnessed in the market. Demand for fats and oils however is being restrained on account of factors such as growing health concerns including obesity and heart-related diseases, along with rising environmental concern and stringent government regulations associated with food safety.

7 Key Takeaways from Fact.MR’s Report on Fats and Oils Market for Forecast Period 2017-2026

  • In terms of value, sales of fats and oils in Asia-Pacific excluding Japan (APEJ) is expected to remain relatively larger than those in all the other regional segments combined. Revenues from fats and oils sales in APEJ will account for over half revenue share of the market by 2026-end.
  • Europe will also account for a large revenue share of the market during 2017 to 2026. In terms of value, the fats and oils market in North America will remain more lucrative than that in Latin America, however Latin America will register a comparatively faster expansion in the market than North America through 2026.
  • In terms of value, edible vegetable oils will continue to be the most remunerative product in the market, trailed by animal fat. However, sales of palm oil will register a relatively faster expansion in the market through 2026.
  • Although industrial end-users of fats and oils will continue to account for largest market revenue share, the revenues from residential end-users in the market will reflect a comparatively higher CAGR through 2026.
  • Animal-sourced fats and oils are anticipated to remain preferred among end-users in the market, with revenues estimated to remain slightly larger than those from vegetable-sourced fats and oils.
  • Liquid form of fats and oils will be sought-after in the market, with revenues estimated to reach nearly US$ 60,000 Mn by 2026-end. Although solid form of fats and oils dominated the market in 2017, their demand is expected to witness a slight decline during the forecast period.
  • Key market players supporting expansion of the global fats and oils market include Cargill, Inc., International FoodStuff Company Limited, Wilmar International Limited, Archer Daniels Midland Company, Bunge Limited, United Plantations Berhad, Ajinomoto Co. Inc., and Associated British Food Plc.

Europe to Endure as Largest Market for Plant Hydrocolloid, Notes Fact.MR

A new report composed by Fact.MR, global plant hydrocolloid market will record a CAGR of 6.1% in terms of volume, between the forecast period 2017 and 2026. Sales of plant hydrocolloid around the world are poised to bring in nearly US$ 8,000 Mn in revenues by 2026-end.

Plant hydrocolloid have been substantially utilized in pharmaceutical and food industries as an emulsifying, coating, gelling, stabilizing, and thickening agent. Plant hydrocolloid help in quality enhancements as well as shelf life extension in a wide variety of products. Inclination toward processed and convenience food has surged tremendously around the world over the past few years. Plant hydrocolloid experience huge adoption as additives in food & beverage industries, as they improve the stability, texture, and aesthetic appeal of food products. They are also capable of curtailing massive amounts of fats effectively by dissolving in water, along with acting as a fat replacement in the food products. The aforementioned aspects are paving high demand for plant hydrocolloid in the food industries. Significant surge in adoption of low-fat & low-calorie foods is likely to bolster adoption of plant hydrocolloid. Preferences of consumers are changing, coupled with technological developments, for nutritional & healthy foods, which in turn is resulting into soaring requirement for natural hydrocolloid as a consequence, such as plant hydrocolloid. On the other hand, volatile prices of plant hydrocolloid owing to the seasonal nature of production will create hindrances to the market expansion. Growing demand and supply gap is further likely to negatively impact growth of the plant hydrocolloid market globally.

6 Key Projections on Future of Plant Hydrocolloid Market for Forecast Period 2017-2026 (In terms of Volume)

  • Europe dominated the global plant hydrocolloid market in 2017, and the region will continue to witness the highest sales through 2026. The market in North America is expected to register a slightly higher CAGR than that in Europe, and become the second largest market for plant hydrocolloid by 2026-end.
  • Asia-Pacific excluding Japan (APEJ) is anticipated to be the fastest growing market for plant hydrocolloid during 2017 to 2026, followed by Latin America.
  • Although projected to exhibit the lowest CAGR, cellulosics will continue to be largest source for plant hydrocolloid, with sales estimated to close in approximately 1,400,000 tons by 2026-end. This number will remain comparatively higher than those from all the other source segments combined.
  • Bakery and confectionary, and dairy products and frozen products are anticipated to lead the global plant hydrocolloid market, on the basis of application, during 2017 to 2026. Bakery and confectionary will endure as the fastest surging application of plant hydrocolloid. In addition, sales of plant hydrocolloid for application in snacks and savory, and sauces, dressings and condiments are also projected to reflect a splendid expansion through 2026.
  • Stabilizing will remain the sought-after among functions of plant hydrocolloid, with sales pegged to exceed 1,150,000 tons by 2026-end. However, emulsifying function of plant hydrocolloid is slated to witness the fastest expansion in the market through 2026.
  • Dry form of plant hydrocolloid will remain preferred among industries, whereas liquid form of plant hydrocolloid will exhibit a relatively higher CAGR in the market through 2026.

The global market for plant hydrocolloid comprises several regional, local, and global players, thereby making nature of the market to be highly fragmented. High competition is being witnessed in the market, where global players hold major shares of the market. The leading players compete based on quality & cost of plant hydrocolloid, along with product innovations. Major companies in the global plant hydrocolloid market possess a widespread geographical occupancy and have huge production facilities. Key companies identified by the report include Sensient Technologies Corporation, Tate & Lyle PLC, Dohler GmbH, Kerry Group Plc, Lonza Group Ltd., Furest Day Lawson Holdings Limited, Rousselot S.A.S., Symrise AG, E. I. du Pont de Nemours and Company, Ashland Inc., FMC, Dow, Cargill, Inc., and CP Kelco.



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