TECHNOLOGY FACTS

Lithium-ion Battery Cathode Market Likely to Register a CAGR of ~13% Between 2019 and 2029

Fact.MR, in its latest study, tracks the growth trajectory of the global lithium-ion battery cathode market. The report suggests that lithium-ion battery cathode sales reached the volume of 235,439 tons in 2018, equivalent to the revenues worth ~US$ 4 Bn. Prominently fueled by the climbing sales of electric vehicles, the demand for Li-ion battery cathode will also be upheld by the emergence of new lithium-ion generation and convergence of cathode & lithium-ion battery across the globe.

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Gains in market are likely to be driven by the undercurrents of numerous end-use industries and widening application base. Over the recent past, there has been a significant stride in the research & development activities for battery materials, including cathode, anode, electrolyte and separators. Significant increment in R&D investments have led cathode material for lithium-ion battery towards the increasing production and expanded sales, particularly among the automakers and consumer electronics manufacturers. However, in the backdrop of expeditious depletion of mineral reserves, followed by the emergence of new alternatives, it is highly likely that the lithium-ion sulfur batteries will account for the imbalance between opportunities and sales scale.

The report opines that the solar home systems powered by lithium-ion batteries have been constantly gaining traction in developing countries of Asia Pacific and the Middle East & Africa, which will lubricate the infiltration of lithium-ion battery cathode in these markets over the coming years. Moreover, the study finds that a handful of countries – India, Philippines, Indonesia, Vietnam, Mexico, and Argentina – have been encountering challenges apropos of the raw material’s demand-supply mismatch, which has engendered the novel trend of ‘recycling’. As a sizeable pie of the manufacturing community continues to follow suit, recycling of lithium-ion batteries remains an influential trend aiding in securing the seamless raw material supply, while reducing the reliance on extraction and mining activities for mineral requisites.

Opportunities for lithium-ion battery cathode manufacturers are also likely to remain influenced by the tightening regulatory scenario facing the automotive industry, which prominently includes fuel emission norms. As identified by the Fact.MR report, a notable surge in automotive production and sales will continue to work in favor of leading market players in the lithium-ion battery cathode space.

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Lithium-ion battery cathode sales are expected to remain concentrated in the legacy markets, i.e. China, Japan, South Korea, and the U.S., attributing to strong production footprint of industry giants in these countries. While this is being perceived to be an instrumental factor for manufacturers seeking to build their production and channelization strategies, Fact.MR’s conclusive analysis says that it will help companies widen their end user base and thereby expand the business footprint as well as the overall value chain at a global level.

As per the report findings, lithium-ion battery cathode is likely to spectate a higher rate of adoption in the consumer electronics segment. As consumers’ quest for improved battery life remains open, manufacturers of consumer electronics operate under the stress to integrate batteries with compact size and increased lifespan. With the trends of ‘portability’ further infiltrating into the consumers’ space, adoption of lithium-ion battery cathode is more likely to grow at an exponential pace in the consumer electronics industry.

Regional assessment of the lithium-ion battery cathode market reveals that East Asia will lead the way over the course of forthcoming years, on account of the high concentration of market players in China and Japan, expending their efforts towards innovating the landscape. Of late, there has been a substantial rise in the demand for lithium-ion battery cathode materials, especially from the fast-growing economies, such as China, Mexico, and India. South Korea, being one of the world’s leading lithium battery producing countries, is expected to emerge lucrative in the near future, driven by the country’s whopping investments in lithium resource projects. The government’s declaration of lithium as the country’s ‘strategic commodity’ will augur well for the li-ion battery manufacturers based in South Korea.

Key players operating in the lithium-ion battery cathode market have been striving to consolidate their position by gaining reciprocal advantage from their equivalents through M&A activities. In addition, since efficiency remains an attractive proposition for lithium-ion battery cathode, manufacturers continue to leverage the prowess of technology to boost product lifespan.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Automotive Fuel Injectors Market: Engine Downsizing – New Trend Shaping the Market

Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the automotive fuel injectors market is expected to cross US$ 70 Bn by end of 2018.

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Western Europe is expected to reflect significant growth apropos to sales and demand for automotive fuel injectors in 2018. Increasing automotive fleet, coupled with growing vehicle production is expected to provide potential avenues for automotive fuel injectors in the region.

Sales for automotive fuel injectors are expected to be on an upswing in China with demand projected to expand at a momentous rate in the coming years. This growth can be attributed to increasing vehicle sales in the country. In 2017, around 24 million passenger vehicles were sold in China and the rate is expected to further increase at a 4% year-on-year rate from 2018, according to CPCA (China Passenger Car Association). Further, the China automotive fuel injectors market is likely to witness growing demand for gasoline automotive fuel injectors especially for light trucks and passenger cars. With a significant shift toward GDI technology, sales of advanced automotive fuel injectors in China are expected to increase in the near future.

Shift toward fuel-efficient vehicles, coupled with strict regulatory framework is expected to influence the use of advanced automotive fuel injectors that facilitate reduction in nitrous oxide emissions. This trend has led to development of compressed natural gas automotive fuel injectors that is likely to shape the growth of the automotive fuel injectors market in the forthcoming years.

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Sales of automotive fuel injectors are directly influenced by increase in average vehicle age, says the report. With advance in material and technology used in automotive manufacturing, vehicle operational age has increased substantially. In addition, customers are inclined toward maintaining their old vehicles, giving the automotive fuel injectors aftermarket a potential growth avenue. With growing vehicle age, need for repair, maintenance and replacement is likely to increase and automotive fuel injectors are no exception.

Demand for gasoline direct injectors is projected to expand at a robust pace in the coming years. Gasoline direct automotive fuel injectors facilitate enhanced fuel consumption, reduction in carbon emissions and superior engine performance. According to the report, demand for gasoline direct automotive fuel injectors is projected to expand at rate of 6% ten years down the line. However, the sales of direct diesel injectors are estimated to surpass those of gasoline direct automotive fuel injectors, consequently accounting for a larger revenue share of the overall automotive fuel injectors market.

Sales of automotive fuel injectors among passenger cars are estimated to cross US$ 55 Bn by end of 2018. This growth can be attributed to the substantial increase in production of passenger cars on the global front. For instance, according to OICA, passenger cars manufacturing rose from 72,105,435 units in 2016 to 73,456,531 units in 2017. On the other hand, commercial vehicle production reflected an increase of 974,869 units in 2017 over 2016, relatively lower than passenger car production.

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Electric Vehicle Battery Market – Advances in Battery Management Systems and Improved Pack Design will Continue to Remain the Key Growth Influencer of the Market

According to a Fact.MR study, global sales of electric vehicle batteries surpassed a valuation of US$ 90,700 million in 2018, and are anticipated to register a Y-o-Y growth of approximately 14% in 2019. Growing popularity and demand for electric vehicles (EVs), owing to increasing efforts to reduce emissions and ease pollution, continue to impact the sales of electric vehicle batteries. The study analyzes the market in detail, and offers analysis of key macroeconomic and industry-specific factors influencing the growth of electric vehicle battery market.

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The study finds that governments in various regions across the globe are pushing the adoption of EVs that will contribute to an effective reduction in emissions of greenhouse gases. This, coupled with growing consumer concerns regarding negative impact of climate change and alarming rise in pollution levels has influenced growth in EV production, subsequently boosting the sales of electric vehicle batteries. Additionally, around 20 major cities worldwide have announced the plans to ban gasoline and diesel cars by 2030 or sooner, providing potential growth prospects of the electric vehicle battery market.

According to the study, although EVs continue to gain popularity for their lower running cost, increased interior space, and unique exterior styling, many customers still express concerns over their cost premium and lack of charging infrastructure. This has led to introduction of new battery cells and reduction of battery pack mass, resulting in improvements in energy density, charge discharge, and thermal performance. Further, advances in battery management systems have contributed towards extending battery life, vehicle range as well as safety. Prospects of the electric vehicle battery market will be promising, as cell manufacturers are also directing their focus towards innovative concepts such as solid state technology, lithium-air batteries, and alternative metal-ion chemistries.

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The study opines that APEJ will continue to be the leading market for electric vehicle batteries, with sales in 2018 closed in on revenues worth US$ 35,000 million. Global production of batteries for electric vehicles, especially passenger cars, remains concentrated in Asia, with China controlling over the raw materials such as lithium and cobalt needed to manufacture the batteries. In addition, according to the World Economic Forum and EV Volumes.com, China accounted for nearly 60% of the global electric vehicle sales and production in 2018. These factors along with strong automotive industry, improving economy, and rising disposable income in the region will continue to drive the APEJ electric vehicle battery market.

The study finds that parallel hybrid powertrains will contribute a relatively large sales of electric vehicle batteries, exceeding a valuation of US$ 64,800 million in 2018. Parallel hybrid powertrains or drivetrains are gaining increasing application in EVs or HEVs for their ability to deliver mechanical power from both electric motor and internal combustion engine simultaneously. In addition, HEVs with parallel hybrid powertrains make them more efficient for highway driving at higher and constant speed.

With over 50% revenue share in 2018, passenger cars continue to account for highly significant sales of electric vehicle batteries, according to the study. New government initiatives such as financial incentives reducing the cost of buying EVs, low- and zero-emission vehicle mandates, tightened fuel-economy standards and regulation, and other are likely to influence the adoption of electric cars, which in turn will impact the sales of electric vehicle batteries for passenger cars.

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Elevators Market Elevators – Massive Outpouring of Investments in Building and Construction Projects is likely to Underpin Growth of the Market

According to a new study by Fact.MR, the global sales of elevators are estimated to surpass 900 thousand units in 2019. The elevators industry continues to remain influenced by various factors, which range from the resurgent growth in new residential construction, to innovative developments in modern elevator designs such as cloud predictive maintenance and intuitive technologies.

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The study opines that demand for elevators shows no signs of abating alongside notable growth in the commercial, residential, as well as industrial construction activities. The elevators industry remains one of the most innovative business areas, influenced by international and national regulatory standards, which have encouraged leading players to introduce ground-breaking developments that lead to significant cost-savings for customers.

The trend of Building Information Modelling (BIM) continues to remain a key growth determinant of the elevators market, as it involves the rules & regulations and planning infrastructure with digitalization concepts that involves implementation of IoT and cloud-based solutions. The elevators industry, studded with innovation, is likely to help manufacturers to identify and resolve future challenges entailed by macro-trends such as rapid urbanization and demographic change.

Growing space constraint associated with the construction of separate commercial and residential buildings, particularly in metro cities, has driven the trend of ‘Mixed-use Development’ in the real-estate sector. This has been creating a fresh room for development and sales of elevators that eliminate the requirement for machine rooms. According to the study, elevator sales in mix block infrastructures will grow at a significant pace, and are estimated to exceed 150 thousand units in 2019.

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The Fact.MR study opines that single deck elevators remain the preferred category among customers, accounting for nearly 80% sales. Sales of double deck elevators are estimated to grow at a relatively greater pace, in light of their requirement for less core space in buildings. Additionally, the trend of using one part of the double-deck elevators for carrying goods to prevent damages associated with the use of trolleys, has been significantly complementing their adoption, particularly among commercial infrastructures.

The study indicates that increasing demand for jerk- and shock-proof, faster vertical transit in high-rise buildings – future skyline of metropolitan cities – has rubbed off on technology advancements in the elevators market. This, coupled with regulatory mandates on manufacturers apropos of safety and quality, continue to favor growth of the elevators market.

IoT-connected smart elevators have gained immense traction in the recent past, with manufacturers directing their focus toward integration of technologies that notify faults and errors in the equipment prior to their occurrence, thereby saving time and money for customers. Proliferation of IoT in the elevators market has meant that modern equipment are witnessing notable advancements such as prediction of traffic in real-time, ease & convenience in communication with service teams, and mobile-application based elevator operations.

According to the study, Asia Pacific is likely to account for a significant share of global construction spending over the assessment period, driven by the growing infrastructure development, particularly in China and India. The exponential growth in the residential sector and construction activity across Asia Pacific region has resulted in growing application of elevators. Manifold factors such as demographic changes, and rising demand for skyscrapers are likely to reinforce the demand for modern building infrastructure, including elevators in the coming years.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimatRequest for the Report Customization:es.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Coffee Market – Arabica Coffee to Remain in Great Demand

According to the International Coffee Organization, the global coffee consumption has exhibited a modest growth in the past couple of years. The demand for coffee is increasing in emerging markets, wherein exports are at the forefront of supply chain. In the years to come, coffee will remain as a predominant staple dairy beverage in consumer diets across the globe, but its consumption levels are less likely to attain a new high. Coffee production is also expected to witness presence of lucrative incentives provided by governments towards promotion of cash crop farming.

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Fact.MR projects that the global coffee market will witness a moderate growth in the near future. After considering a slew of factors influencing the dynamic growth of coffee market across several regions, the global coffee consumption is pegged to procure over US$ 34 Bn revenues towards the end of forecast period, 2017-2022.

In 2017, global coffee sales made of Arabica grade exceeded US$ 14 Bn revenues. The demand for Robusta grade coffee will also gain traction, particularly due to their roasted nature, and higher presence of chlorogenic acid – intake of which can boost natural weight loss. By the end of 2022, the coffee market in Europe and Asia-Pacific excluding Japan (APEJ) is expected to witness significant momentum. Manufacturers will be targeting regions with ample availability of raw coffee bean and presence of regulations that promote large-scale coffee cultivation.

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The report also projects supermarkets as the largest sales channel in the coffee market, revenues from which are expected to showcase healthy CAGR. Through 2022, traditional grocery stores will also emerge as promising sales channel in the coffee market, while a nascent growth in online sales of coffee products will reflect lower penetration of e-commerce sales platforms. Production of hot drinks will be viewed as the largest application in the coffee market, followed by ready-to-drink coffee. Manufacturers are also expected to explore the low-reaping applications of coffee in production of cosmetics, nutraceuticals, and pharmaceuticals.

The report has also profiled companies that are expected to remain active in global expansion of coffee market. These include, Nestlé S.A., Starbucks Corp., Jacobs, Douwe Egberts, Unilever Plc, Tata Global Beverages, Strauss Group Ltd., Matthew, Algie & Co. Ltd., The Kraft Heinz Co., Tchibo coffee, and Keurig Green Mountain.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimatRequest for the Report Customization:es.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://theheraldmedia.com/

Surge in Global Oil Demand to Drive Oil Refining Pumps Market Growth

The top 6 players in the oil refining pumps market account for nearly 45% share. With diverse product portfolio, leading players in oil refining pumps market are planning to consolidate their position globally. New product launches, acquisitions, and strategic partnerships are some of the key strategies of the leading players.

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Leading players in the market are also focusing on integrating new technologies in their products to meet the evolving need of end-users. Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Weir Group, Sulzer Ltd., and GRUNDFOS are among the top players in the oil refining pumps market.

According to the International Energy Agency (IEA), the global demand for oil is likely to rise 1.5 million b/d to 99.3 million b/d in 2018. Moreover, the demand for power is growing in developing regions, and heavy dependence on oil to meet the demand is likely to result in development of oil refineries, thereby, driving oil refining pumps sales.

As per the World Oil Outlook 2040 report by Organization of Petroleum Exporting Countries, OPEC member countries remain committed to supporting investment in construction of pipelines and building expansion of oil refineries and terminals. Moreover, energy demand in developing countries is likely to grow at an average rate of 1.9% p.a. during 2015-2040.

Refineries are also likely to produce more distillate fuels blended with off-spec fuel oil. Growth in the US natural gas liquid and crude oil in recent years is resulting in rise in direct capital investment in oil and gas infrastructure.

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Spain, Italy, and Germany are home to crude oil refining industry in Europe, with high refining capacity. Increasing demand for crude oil in these countries is also contributing to growing investment in oil refineries, resulting in increased demand for oil refining pumps.

Digitization is steadily gaining traction in the oil and gas sector leading to cost-saving and profitability. Smart pumps are gaining popularity in the oil refineries across the globe. Industrial Internet of Things (IIoT) -enabled pumps and energy-efficient oil refining pumps are being introduced in the oil refining pumps market.

Pump manufacturers are integrating IIoT in their products to help oil refineries optimize operations and avoid unplanned outages. Players are focusing on adding smart technology to avoid outages and reduce processing costs. This trend is more pronounced in emerging nations.

Stringent regulations on energy consumption and pollution are also accelerating the adoption of intelligent oil refining pumps. Of particular significance is the growing adoption of wireless technology in data collection and data optimization. The demand for smart oil refinery pumps in oil refineries is growing to monitor flow rate, pipe thickness, pressure, and more.

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Processed Meat Market – Steadily Increasing Meat Production and Consumption Complement the Market Growth

Top manufacturers in the processed meat market account for over 30% revenue share, andhave a diverse product portfolio and loyal consumer base across the globe. However, steadily declining meat prices and increasing demand for animal protein products has opened the market wide open, creating opportunities for new entrants. An increasingnumber of start-ups in the processed meat market are gaining momentum by introducing sustainably produced, high-quality processed meat products.

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Furthermore, by introducing cost-effective and label-friendly processed meat products on the e-commerce platform,market players are focusing on meeting the considerations of a highly conscious consumers. . While the leading processed meat manufacturers are strengthening their position in the developed market by capitalizing on their wide-spread distributors’ networks, tier II and III companies are expanding their presence in emerging economies with their diverse and economical range of processed meat products.

As diets of modern consumers have become more diverse and richer in high-value protein, demand for livestock products as increased, fueling the global production of meat, which is expected to prove remunerative for processed meat manufacturers. The world meat production increased, albeit steadily, to surpass 330 Mt in 2017, according to a report by the Food and Agriculture Organization. The report further predicts an increase of 48 Mt in the global meat production in the next decade to reach 367 Mt by the end of 2027.

Underpinned by improved economic conditions and herd expansions across the world, increased demand and consumption of meat is likely to boost meat production in the coming years. Manufacturers in the processed meat market are capitalizing on the rise in global meat production to offer competitive prices of processed meat products, and ultimately, gain an edge in the processed meat market.

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The global demand for food has increased with an unprecedented rise in population, urbanization, and discretionary spending habits of consumers across the globe. Fast-pacing lifestyle is facilitating the needs for convenience at cooking, thereby the market for processed food and drinks accounts for a significant share in the global food industry.

Recent changes in consumers’ dietary preferences with changing lifestyle, and growing demand for processed food and resource-intensive animal products are reflected into the growth of the processed meat market. Thereby, manufacturers in the processed meat market are leveraging the recent developments in the processed food industry and consumer inclination towards consumption of animal-based proteins.

A study published by the World Health Organization (WHO)’s International Agency for Research on Cancer (IARC) found the molecular mechanism in processed meat that underlie the carcinogenicity of processed meat, which can increase the risk of colorectal cancer in humans. Taking into consideration the potential risks of processed meat consumption, the American Cancer Society recommends limiting processed meat in the American Cancer Society Guidelines on Nutrition and Physical Activity for Cancer Prevention. Increasing prevalence of lifestyle diseases, including cancer, is encouraging consumers to modify their lifestyle and dietary habits. Thereby, growing awareness about the carcinogenicity of processed meat may impede the growth of the processed meat market in the upcoming years.

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Bottled Water Market – New Flavors and Constant Advancement in Treatment Technologies to boost the Market

Bisleri International Pvt. Ltd., Nestle S.A, Voss of Norway ASA, Fiji Water Company LLC, and Societe des Eaux Minerales d’Evian SA

Sweet Corn Seed Market Segments, Opportunity, Growth and Forecast by End-Use Industry 2017-2026

Sweet corn is a food product that has gained significant popularity worldwide owing to its taste and health benefits. Sweet corn seeds are produced due to a recessive mutation in a particular gene of the maize plant. This gene is responsible for the conversion of sugar into starch in the corn kernel. On the basis of source of this mutation sweet corn seeds can be of two types. Genetically Modified sweet corn seeds and Non-Genetically Modified sweet corn seeds.

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Sweet corn seeds market is projected to see significant growth in terms of revenue in the forecast period on account of the increased awareness about the health benefits of sweet corn seeds. The other factors that are likely to aid in the growth of the sweet corn seed market are changing lifestyle, owing to which people prefer ready to cook foods like sweet corn. The advancements in the genetic engineering technologies has resulted into better yield and higher quality products, and these new products are likely to fascinate a number of end users. Also, the economic prices and easy availability of the products is anticipated to benefit the revenue growth of the sweet corn seed market.

Report starts with market overview and provides market definition and analysis about drivers, restraints, and key trends. The section that follows includes analysis of global sweet corn seed market by product type, end use, sales channel and region. The four sections evaluate the global sweet corn seed market on the basis of various factors covering present scenario and future prospectus. The report also provides region-wise data of local and international companies.

Non-GMO seeds are preferred by consumers in a large part of the globe. However, the increasing demand of food products across the globe, owing to the ever increasing population growth, is likely to increase the growth of the GMO sweet corn seeds in the forecast period.

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Sweet corn seeds are majorly used for harvesting purpose and that is why the agricultural industry is one of the leading end use industries for the sweet corn seeds market. However, rapidly growing number of quick service restaurants, that use sweet corn seeds are creating high growth opportunities for sweet corn seeds market. And hence, food industry is expected to see the highest growth rate in the foreseeable future.

Sweet corn seeds are being sold through various sales channels but the increased number of convenience stores and modern trade outlets is expected to increase the market share of these sales channels in the overall revenue from the sweet corn seeds market.

Monsanto, DuPont Pioneer, Syngenta, Bayer CropScience, Sakata Seed, KWS, Limagrain, Dow AgroSciences, America Seed Co, are some of the key players competing in the global foodservice marketplace.

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Rice Protein Market is Likely to Experience a Tremendous Growth During 2018-2028

The global market for rice protein surpassed US$ 108 million in 2018, and it is expected to envisage nearly 7% y-o-y in 2019, according to a recent study published by Fact.MR. The study opines that the growth of the rice protein market is indicative of a growing consumer demographic looking for a meat-free and active lifestyle. Fact.MR attributes the recent upsurge in demand for rice protein to a palpable shift in consumer preference for non-allergenic and vegetable-derived substitutes for traditional animal-based proteins.

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The study finds that the demand for rice protein is also being buoyed by the growing veganism trend. A sizeable section of consumers is developing a proclivity for plant-based and organic food products and this is triggering ingredient manufacturers to make a move to offer plant-based ingredients. Increasing health concerns with high prevalence of lifestyle diseases, such as obesity, will continue to boost adoption of rice protein in the food & beverage industry, opines Fact.MR.

The study also found that rice protein isolates accounted for more than 45% revenue share in 2018. Growing consumption of plant-based proteins is observed, not only among health-conscious consumers but also among endurance athletes and bodybuilders. Rice protein isolates are gaining popularity as an ideal supplement in the sports nutrition segment as they facilitate protein synthesis in the muscles and prevent muscle breakdown during workouts. Rice protein isolates are likely to witness incremental demand as an important ingredient in nutritional bars and supplements in the coming years, according to the study.

Consumer demand for vegetarian and health-benefiting ingredients in food products is influencing trends in the food ingredients landscape. The protein trend is only growing stronger and it will be reflected in significantly high demand in the baking goods and baking mixes segment, opines Fact.MR. Food manufacturers are adopting rice protein to offer protein-rich bakery products, such as breads, rolls, muffins, and bagels, in order to sync with the increasing demand for vegan bakery.

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The Fact.MR study also found that rice proteins hold a huge sales potential in the breakfast cereal segment, as food manufacturers are launching traditional snack bars and flaked breakfast cereals with high-protein ingredients. However, food manufacturers are still struggling to maintain taste and texture of the end-products with plant-based proteins. Leading players in the rice protein market are directing their efforts to improve the functional properties of rice protein to deal with food manufacturers’ flavor, color, and textural concerns, and ultimately, to capitalize on the profitable sales opportunities in various segments of the food industry.

Fact.MR finds a significant uptake of vegan products in the European Union (EU).Europe currently holds the largest revenue share of the rice protein market andis likely to maintain its lead during the course of the forecast period.. Leading players in the rice protein market are entering Europe to capitalize on the growing health & wellness trend, notwithstanding the stringent food safety regulations and labeling requirements imposed in European countries.

The study also finds that leading market players are shifting their focus on expanding their presence in developing countries, as South Asia is emerging as a lucrative market for rice protein. Unlike the EU, rules and regulations vis-à-vis food safety are relatively less stringent and organic certification processes are less expensive for rice protein manufacturers in South Asia. Furthermore, India is one of the leading rice-producing countries in the world, giving rice protein market players in South Asia an added advantage.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://theheraldmedia.com/