Global Canned Seafood Market is expected to record a positive CAGR of ~8% during the forecast period 2022-2028: Ken Research

 Canned seafood also called tinned seafood is processed food products, sealed in an airtight jar like a tin can, and subjected to heating. A normal shelf life of one to five years is provided by the food preservation technique of canning. According to Ken Research Analysis, the Global Canned Seafood Market is expected to record a positive CAGR of ~8% during the forecast period (2022-2028) and is expected to reach approximately US$ 50 billion by 2028.

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Key Trends by Market Segment

By Product: The tuna product segment held the largest market share in the Global Canned Seafood Market in 2021.

• Tuna being a good source of lean proteins is being increasingly demanded in various parts of the world. Omega-3 fatty acids found in fish, help to boost one's health. It strengthens the immune system, lowers blood pressure, eases depression, helps people lose weight, and prevents cancer.

By Distribution Channel: The supermarket/hypermarket distribution channel segment held the largest share of the Global Canned Seafood Market in 2021.

• Due to the availability of a broad variety of products and the convenience of making purchases through these types of sales channels, the segment of supermarkets and hypermarkets is anticipated to grow strongly. In these establishments, specific aisles are designated for various products, giving customers a wide range of choices. These mass merchandisers' new discounts and promotions are also anticipated to improve their sales results.
• A growing industry, online retail is anticipated to develop significantly over the next few years due to convenient payment methods and home delivery choices.

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By End User: The household end-user segment held the largest share of the Global Canned Seafood Market in 2021.

• The increased consumption of seafood by the household population owing to its high health benefits as well as the convenience of consumption due to its ready-to-eat factor is anticipated to propel the market growth. The survey conducted by the Associated Chamber of Commerce and Industry of India (Assocham) revealed that about 79% of households prefer instant food due to a steep increase in incomes and changing standards of living and convenience. This has benefited the Global Canned Seafood Market.

By Geography: Asia Pacific accounted for the largest market share in 2021 within the total Global Canned Seafood Market.

• Given the abundance of raw materials and canneries in the Asia Pacific region that is used for aquaculture, it is expected that the acceptance of canned seafood products would rise in the region. According to the Marine Products Export Development Authority (MPEDA), India exported 12.8 lakh MT of seafood worth US$ 6.68 billion in 2019 and is projected to increase by 12.6% by the end of 2032.
• The demand for ready-to-cook canned fish in emerging nations is also expected to fuel the market in the Asia Pacific region. Some of the biggest brands of canned seafood are operating in the region, which helps the local market grow even more.

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Competitive Landscape

The Global Canned Seafood Market is highly competitive with ~300 players which include globally diversified players, regional players as well as a large number of country-niche players.

Regional players constitute 40% while country-niche players stand at 55% of the total competitors. Some of the major players in the market include Bumble Bee Seafood Company, Nippon Suisan Kaisha, Ltd, The Thai Union Group, Maruha Nichiro Corporation, Wild Planet Foods, Trident Seafoods Corporation, Rosa Food Products Co., Inc., Connors Bros, Clover Leaf Seafoods Corp., StarKist Co., Mowi ASA, and others.

Conclusion

The Global Canned Seafood Market is forecasted to continue a gradual growth during the forecast period. Key trends driving market expansion include rising health awareness among people, increasing demand for processed and convenience, and advancements in manufacturing technology. The market is highly competitive with ~300 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

Note: This is a Planned/On-Demand report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

The Global Canned Seafood Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by product, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four major regions’ Canned Seafood Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product

• Tuna
• Salmon
• Sardines
• Prawns
• Shrimps
• Other Seafood

By Distribution Channel      

• Supermarket/Hypermarket
• Convenience Store
• Specialty Store
• Online Retail

By End-user  

• Household
• Commercial

By Geography          

• North America (USA, Canada, and Mexico)
• Europe (Germany, UK, France, Spain, and Italy)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)
• LAMEA (Latin America, Middle East, and Africa)

Key Players  

• Bumble Bee Seafood Company
• Nippon Suisan Kaisha, Ltd
• The Thai Union Group
• Maruha Nichiro Corporation
• Wild Planet Foods
• Trident Seafoods Corporation
• Rosa Food Products Co., Inc.
• Connors Bros
• Clover Leaf Seafoods Corp.
• StarKist Co.
• Mowi ASA

Global Cloud Computing Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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The Cloud Computing Market was valued at US$ 300 Bn in 2017.  It is expected to capture the market size of US$ 450 Bn by 2022 and is projected to reach US$ 1200 Bn by 2028. It is expected to record a CAGR of ~15% during the forecast period, owing to an increase in demand for big data, and growth connected with artificial intelligence (AI) and machine learning (ML).

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Key Growth Drivers

• The Cloud Computing Market is largely driven by the growth in big data and higher adoption of artificial intelligence and machine learning. Moreover, the adoption of cloud-based solutions in developing economies such as India, China, Brazil, and Africa is expected to drive market growth in the near future.
• The widespread adoption of AI and ML technologies in businesses has increased data usage, which has further boosted big data services. This increased consumption of data and the requirement of efficient computational solutions for AI and ML is expected to create a larger opportunity space for Cloud Computing solutions/service providers and their end-users. Cloud Computing technologies also aid in increasing business productivity, improving decision-making processes, and lowering operating expenses.
• In March 2022, Microsoft Corporation launched Azure Health Data Service. It is a Platform as a service specifically designed to support both analytical and transactional workloads. It unifies health data and power AI in the cloud, exclusively supporting Protected Health Information (PHI).
• Cyber-attacks pose a major threat to cloud operations. Additionally, the lack of resources and technical skills required to operate cloud platforms and infrastructure pose challenges to the market growth
• Cloud computing services assist businesses in increasing operational effectiveness and cutting expenses. Additionally, these services have several benefits, such as flexibility, scalability, and agility. The data stored in the cloud is highly exposed to breaches and leaks despite high-security precautions. The amount of data being produced is growing, and businesses are starting to take more steps toward digital transformation. Enterprise data is exposed to risk from cyberattacks like Spectre, Meltdown, cloud malware injection assaults, account or service hijacking, and man-in-the-cloud attacks. Threats like these pose a severe challenge for market growth.
• In May 2022, Microsoft spent over US$100 million in providing technology support to the Ukrainian government, including cyber security. It has also developed an artificial intelligence system to log the time and date of Russian bombings to be used in future war crimes investigations.
• The Covid-19 pandemic accelerated the demand for collaboration solutions, remote-working models, and remote IT services, which in turn created a greater demand to utilize and adopt cloud computing solutions across different industry verticals.
• The enterprises witnessed a transformation in the business models from the third quarter of 2020 as organizations continued to migrate their workloads from traditional channels to digital formats. Various enterprises across different verticals adopted the work-from-home model to maintain employee well-being and operational efficiency, increasing the demand for Software-as-a-Service (SaaS)- based solutions.
• Microsoft Teams platform users surged to 44 million globally owing to the high demand for collaboration solutions. While the standalone 8x8 Video Meetings cloud solution witnessed a more than 300% surge in registered users in the last week of February 2020 across 150 countries.
• There was a substantial increase in the demand for streaming platforms, such as Amazon Prime, Disney+, Twitch, Netflix, Hulu, YouTube, and Apple TV. This surge in Video-on-Demand (VoD) has augmented the demand for Infrastructure as a service (IaaS) to tackle consumer demands.

Key Trends by Market Segment

By Services: The SaaS segment dominated the market among services of the Global Cloud Computing Market in 2021.

• SaaS products are expected to witness strong growth in the forthcoming years as their total cost of ownership (TCO) will be equal to that of the on-premise deployment models. The increasing number of businesses offering cloud-based services and increasing preferences for SaaS delivery models are expected to accelerate SaaS segment growth throughout the forecast period. SaaS offers a pay-as-you-go model that gives organizations greater flexibility and web-based subscriptions to access the program remotely. The SaaS delivery model focuses on delivering software solutions that have the potential to reach a wider audience.
• In 2021, Thoma Bravo acquired Medallia, an American customer and employee experience management company. The aim of this acquisition included leveraging proprietary Artificial Intelligence, enabling businesses to calibrate their customer experience. It accomplishes this by capturing feedback from customers on digital channels, social media, phone calls, and Internet of Things (IoT) integrations, pushing this data into AI analytics to gather raw insights.

By Deployment: The Hybrid segment accounted for the majority share among deployment modes of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

• Hybrid cloud is a cloud computing environment that practices a mix of on-premises, private cloud, and third-party, public cloud services with instrumentation between the two platforms.
• A hybrid model allows businesses to significantly switch between their on-premise infrastructure and public cloud services depending on the need for sensitive data and computation.

In October 2021 Alibaba Cloud, launched Apsara Stack, the next-generation hybrid cloud solution, to meet the needs of the retail industry to digitize its operations under the new hybrid retail concept.

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By Enterprises: Large enterprises segment captured the largest market share among enterprise segments of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

• The adoption of cost-efficient cloud solutions in the large enterprises segment is growing due to lesser downtime, and fewer expenditures than internal servers. Cloud computing solutions prevent conflicts and complications arising due to large sets of data gathered from large enterprises by enabling better data and document control.
• In a survey sponsored by the Accenture AWS Business Group, 45% of the respondents indicated lower infrastructure and storage costs and 27% eliminated compliance and legal fees.
• In December 2018, Microsoft announces the Intelligent Cloud Hub program to build an AI-ready workforce. The aim is to equip research and higher education institutions with AI infrastructure and build curriculum and faculty capability to skill students in AI and cloud technologies.

By End Users: The healthcare segment accounted for the largest market share among end-users of the Global Cloud Computing Market in 2021 and is expected to showcase the highest growth rate during the forecast period (2022-2028).

• Growing adoption of artificial intelligence and machine learning solutions by various retail and healthcare service providers is expected to boost the Cloud Computing Market during the forecast period
• The growth can be attributed to the increased deployment of cloud-based software, mobile application, wearable healthcare device, and smart healthcare equipment, among others.
• In January 2022, Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, announced the acquisition of healthcare data and analytics assets that were part of IBM’s Watson Health business. Under the ownership of Francisco Partners, the new standalone company will be called Merative and will be headquartered in Ann Arbor, Michigan. Merative brings together market-leading offerings that deliver value across the global healthcare ecosystem, serving clients in life sciences, provider, imaging, health plan, employer, and government health and human services sectors.

By Geography: North America accounted for the largest share among all regions within the Cloud Computing Market in 2021.

• North America is also expected to dominate the market in terms of revenue during the forecast period due to the early adoption of technologies such as Artificial Intelligence, robotics, IoT, and cloud. The presence of prominent cloud providers, including IBM Corporation, Microsoft Corporation, Oracle Corporation, and others contribute to the region’s demand for cloud-based solutions. The cloud service providers focus on investing in technical skills, partnerships, and expansion of cloud centers.
• The use of cloud-based solutions in developing nations like India, China, Brazil, and Africa is expected to grow in the market. As developing economies, these countries require cost-effective infrastructural solutions due to a lack of adequate technologies and finance. By utilizing cloud solutions, developing nations have managed to reduce their IT expenditures during the COVID-19 pandemic situation. Organizations are fully able to utilize on-demand, scalable cloud models to achieve cost-effectiveness and business continuity to accelerate their aims for digital business transformation.
• In February 2022, Kyndryl, an American multinational information technology infrastructure service provider that design, build, manages, and develop large-scale information, partnered with AWS to launch the AWS cloud center of excellence. Through this partnership, Kyndryl plan to build its infrastructure in the AWS cloud.

Asia Pacific is expected to grow at an exponential rate. The rise in solutions or cloud-based solutions in the manufacturing and healthcare industries is driving the expansion. In addition, the region’s growth is predicted to be fueled by rising demand for smart electric vehicles, increasing internet penetration, and expanding digitization.

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Competitive Landscape

The Global Cloud Computing Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in a cloud-based solution, and technologies. The Cloud Computing market's growth is heavily reliant on IoT-based applications. Nowadays, numerous cloud-based companies, including Amazon, Google, HPE, Oracle, and IBM collaborate and acquire companies to expand their presence in Cloud Computing. The company focuses on cloud solutions and services are constantly focusing on R&D activities, product enhancements, and new product launches with the integration of big data, artificial intelligence, and machine learning.

Country-Niche players constitute about ~60% of the total competitors, while regional players comprise a share of ~30%. Some of the major players in the market include Microsoft, AWS, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Alibaba, VMware, and HPE among others.

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Recent Developments Related to Major Players

• In July 2022, Oracle collaborated with Claro, a Mexican telecom group. This collaboration focused on jointly offering Oracle Cloud Infrastructure (OCI) services to the public as well as private sector organizations and enterprises in Colombia. In addition, the collaboration would accelerate the technology modernization of businesses and customers across Latin America. The collaboration with Claro is also expected to accelerate cloud adoption, stimulate economic recovery, and spur competitiveness in these nations.
• In Jun 2022, Oracle entered into a partnership with Kyndryl, an IT infrastructure services provider. From this partnership, the companies aimed at helping consumers accelerate their journey to the cloud by delivering managed cloud solutions to enterprises all over the world. This partnership is expected to expand the company's reach, helping more consumers across the world move critical workloads to the cloud.
• In Jun 2022, AWS signed an agreement with Redington India, an information technology (IT) provider. From this agreement, the companies focused on driving cloud technology adoption in India. This agreement also aims to enable the power of the AWS Cloud to more partners and customers across the metros, and tier-2 and 3 cities in India.

Conclusion

The Global Cloud Computing Market is forecasted to continue rapid growth, which is primarily driven by the integration of Big Data, Artificial Intelligence, and Machine Learning with the cloud. The market size is estimated to be US$ 450 Bn by 2022 and is expected to reach US$ 1200 Bn by 2028 growing with a CAGR of ~15%. North America is the dominant region in the globe however Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~500 participants, few global players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Cloud Computing Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. PaaS and SaaS are mostly adopted in the Cloud Computing Market based on service. In addition, the report also covers market size and forecasts for the four major regions namely North America, Europe, Asia Pacific, and LAMEA. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Service	IaaS PaaS SaaS
By Deployment	Public Private Hybrid
By Enterprises	SMEs Large enterprises
By End-User	Banking, Financial, Services, and Insurance IT and Telecom Retail & Consumer Goods Manufacturing Energy & Utilities Healthcare Media & Entertainment Government & Public Sector Others
By Geography	North America USA Canada Mexico Europe Germany UK France Italy Spain Asia Pacific China Japan India AustraliaSouth Korea LAMEA Latin America Middle East Africa
Key Companies	Microsoft Corporation Amazon Web Services Salesforce. Com, Inc. Oracle Corporation Systems, Application & Products in Data Processing Google LLC Workday Inc. Adobe System Incorporation International Business Machines Alibaba Group Holding Limited Virtual Machine Software Hewlett Packard Enterprise

Global Ultrafast Lasers Market is expected to reach a market size of ~US$ 4 billion by 2028: Ken Research

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Ultrafast Lasers are lasers, which emit optical pulses i.e. flash of light for an ultrashort duration such as picosecond (10^-12 seconds) or femtosecond (10⁻¹⁵ seconds) time. There are different types of ultrafast lasers such as mode-locked lasers, titanium-sapphire lasers, and more which are widely deployed in consumer electronics, medical, automotive, aerospace & defense, and industrial end-user industries for micromachining, bio imaging, and medical device fabrication purposes.

According to Ken Research Analysis, the Global Ultrafast Lasers Market was valued at ~US$ 1 billion in 2017. It is estimated to be ~US$ 2 billion in 2022 and is expected to reach a market size of ~US$ 4 billion by 2028 growing with a CAGR of ~12% during 2022 to 2028.

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The adoption of ultrafast lasers for dimensional accuracy is driving the growth of the global ultrafast lasers market.

• The degree to which a printed object matches the dimensions and specifications of the original file is known as dimensional accuracy.
• The demand for dimensional accuracy devices due in consumer electronics, networking and telecom, transportation, and healthcare industries is significantly increasing.  The dimensional accuracy devices can help with better 3d printing of 3d medical devices, 3d metal, and more.

Complications during the manufacturing of ultrafast lasers is one of the major challenges hindering the growth of the global ultrafast lasers market.

• While the ultrafast lasers market is growing due to the demand for improved dimensional accuracy ultrafast lasers, other factors such as manufacturing complications, are likely to restrain the market growth. Several complications such as nonlinear effects during beam propagation and interaction process are making the overall ultrafast lasers more expensive, and slow the working.

The COVID-19 pandemic slowed the growth of the Global Ultrafast Lasers Market, owing to the worldwide lockdown by governments, which led to the shutdown of production and manufacturing activities as well as the unavailability of workers in various industries. As a result, production showed a decline in the Global Ultrafast Lasers market.

Key Trends by Market Segment

By Type:  The Fiber Lasers segment by Type held the largest market share in 2021 of the Global Ultrafast Lasers Market.

• The growth is primarily due to the high output power, high beam quality, highly efficient gain medium, and high reliability as compared to other lasers.
• Fiber lasers are used to achieve light amplification in optical fibers, which contain rare earth metal ions such as ytterbium, neodymium, thulium, and more. These ions are able to absorb most light and emit photons at specific frequencies, which provide fiber lasers with better gain distance thus offering better quality and output.

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By Application: The Bio imaging segment accounted for the largest market share in 2021, and is expected to dominate its position during the forecast period.

• The growth is primarily due to bio imaging’s specific ability to view any specimen in a 3-D structure without any kind of physical disturbance.
• Bio imaging is the technique that allows non-invasive real-time visualization of biological processes i.e. zero involvement of any kind of instruments in the body.

By Pulse Duration: The Femtosecond segment accounted for the largest market share in the Pulse Duration segment in 2021.

• The growth is primarily due to the adoption of ultrafast lasers in the field of portable electronics, mobile phones, microprocessors, memory chips, and display panels.
• In September 2019, Amplitude Laser has developed a Femtosecond GHz burst laser system that is capable of producing UV light which will improve the micro-machining outputs.

By End-User: The consumer electronics segment accounted for the largest market share in the end-user segment in 2021.

• The growth is primarily due to the rising consumer electronics demand and new technological advancements such as small size and fast processing speed.
• As the size of electronics products is, now becoming more downsized, tighter dimensional tolerances are required in order to fit the components into ever-smaller form factors and support the growth of the ultrafast laser sector.

By Geography: Asia Pacific accounted for the largest market share among all regions within the total Global Ultrafast Lasers Market in 2021.

• The growth is primarily due to the adoption of ultrafast lasers in automotive and consumer electronics end-user industries.
• As the requirement for ultrafast lasers is growing in the electronics and automotive industries. This Asia pacific is anticipated to have significant growth over the course of the forecast period because of technological advancements and the presence of major electronics OEMs in the region, notably in countries like china and japan.

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Competitive Landscape

The Global Ultrafast Lasers Market is highly competitive with ~200 players, which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Ultrafast Lasers technology. Large global players constitute ~10% of competitors, while country-niche players represent ~60% of competitors. Most of the regional and country-niche players are either components suppliers or assembling partners of global players. Some of the major players in the market include Amplitude Laser, Coherent Inc., DPSS Lasers Inc., TRUMPF, Ekspla, MKS Instruments Inc., Jenoptik Laser GmbH, IMRA America, Lumentum Holdings, IPG Photonics and among others.

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Recent Developments Related to Major Players

• In February 2022, Trumpf acquired Active Fiber Systems which is the fiber laser-based company situated in Jena, Germany. This acquisition will help Trumpf to expand in living fiber laser technology, which is focused on industrial applications such as precision welding and additive manufacturing.
• In April 2022, Amplitude Laser acquired MW Technologies, which is an optical fiber lasers developer based in Portugal. This acquisition will help amplitude lasers to improve their production ability worldwide. MW Technologies’ name has been changed to Amplitude Portugal thus making its 4^thmanufacturing Unit and R&D center across the world.

Conclusion

The Global Ultrafast Lasers Market is forecasted to grow exponentially with a CAGR of ~12% during the forecast period primarily driven by the adoption of Ultrafast Lasers for dimensional accuracy in the consumer electronics sector. Though the market is highly competitive with ~ 200 participants, few global players control the dominant share and country-niche players hold a significant share. Asia Pacific is the dominating region, owing to the adoption of ultrafast lasers in the automotive and electronics industries.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled Global Ultrafast Lasers Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 That is segmented by Type, Application, Pulse Duration, and End-User. In addition, the report also covers market size and forecasts for the four major regions for Global Ultrafast Lasers Markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Type

Mode-Locked Lasers

Titanium- Sapphire Lasers

Fiber Lasers

Others

By Application

Micromachining

Bio imaging

Medical Device

Others

By Pulse Duration

Picosecond

Femtosecond

By End-User

Consumer Electronics

Medical

Automotive

Aerospace & Defense

Industrial

Others

By Region

North America (USA, Canada, and Mexico)

Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Indonesia, and Rest of Asia Pacific)

LAMEA (Latin America, Middle East, and Africa)

Key Players

Amplitude Systems (Amplitude Laser)

Coherent Inc.

DPSS Lasers Inc.

TRUMPF

Ekspla

MKS Instruments Inc.

Jenoptik Laser GmbH

IMRA America

Lumentum Holdings

IPG Photonics

Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period 2022-2028: Ken Research

Packaging machinery is a device that is widely used to package products and components. It performs a variety of functions such as filling, container cleaning, bagging, packing, bottling, sealing, wrapping, shrink film, labeling, inspection and weight checking, and many others. It plays a significant role in ensuring the safety of products and providing temper resistance packaging and facilitating the packaging of small sachets to big cartoons.

It is primarily employed for the final step of the manufacturing and first step of transportation. Packaging machinery is required by various logistic organizations to package their products before shipping.

According to Ken Research Analysis, the Global Packaging Machinery Market is expected to record a positive CAGR of ~5% during the forecast period (2022-2028) and is expected to reach nearly US$ 63 billion by 2028, owing to the increasing demand for consumer goods along with rising popularity of e-commerce platform to shop different products.

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Growing Innovations and Advancements in Technology are some of the factors driving the market growth.

• The growing demand for highly efficient packaging machines among end-user industries coupled with advancements in technologies such as robots, automation, and others to scale up the business efficiently, is likely to propel the growth of the market.
• The rising demand for packaged food and beverages products along with increasing consumer spending on pharmaceutical and personal care products is expected to boost the demand for packaging and packaging machinery among end-users.

The Global Packaging Machinery Market faces challenges due to the Requirement for High Initial Investment

• Advanced technology and automated packaging machines are highly expensive and require high initial investment which makes it difficult for small and medium-sized manufacturers to afford the packaging machinery, which may slow down market growth.

The COVID-19 pandemic negatively impacted the Packaging Machinery market initially due to the imposed lockdown, the demand and supply for packaging machinery got impacted. International packaging machine deliveries were delayed to curb the pandemic situation. In addition, COVID-19 affected consumer shopping at convenience and retail stores and also impacted the E-commerce sector due to which the demand for packaging and packaging machinery declined.

Key Trends by Market Segment:

By Machine Type:  Filling segment held the largest share of the Global Packaging Machinery Market in 2021, owing to the increasing demand for filling machines in various industries.

• Filling machines are widely used to fill bottled water and other liquids, and are widely used in various end industries such as pharmaceuticals, food & beverages, chemicals, and others. The demand for different filling machines such as overflow filling machines, gravity filling machines, pump filling machines, piston filling machines, and others among end-users is anticipated to drive the growth of the segment in the market.

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By Operations: Autonomous segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the growing demand for automated packaging machines among end-user industries to scale effectively while controlling the cost of operations.

• The highly advanced autonomous packaging machinery offers various benefits including reduced labour cost, reduced damages, increased throughput and productivity, consistent packaging results, and others, which are attracting various end-users and are likely to boost the demand for the segment in the market.

By Technology: General Packaging segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to its simple operation and maintenance.

• The demand for packaging various products including food & beverages, chemicals, personal care, and others efficiently in a shorter time is expected to propel the growth of the segment in the Global Packaging Machinery Market.

By End-User: Food and Beverages segment accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to surging demand for packaged food and beverages products as they are convenient and easy to carry.

• Increased spending of consumers on packaged food products coupled with rising consumption of organic and healthy food items require special packaging, which in turn is expected to boost the demand for highly efficient packaging machineries.

By Distribution Channel: Direct segment accounted for the largest share of the Global Packaging Machinery Market in 2021, due to the personalized experience of purchasing packaging machinery directly from the manufacturer.

• The direct distribution channel ensures that there is no delay in delivery and it also ensures the authenticity of the product, which is attracting the end-users. The aforementioned factor is likely to boost the growth of the segment in the market.

By Geography: Asia-Pacific region accounted for the largest share of the Global Packaging Machinery Market in 2021, owing to the rising consumption of packaged products and rising consumer purchasing power.

• The increase in investment in the manufacturing sector from developing countries like India, China, and others coupled with the expansion of the food and beverages industry is expected to boost the demand for packaging as well as packaging machinery.

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Competitive Landscape

The Packaging Machinery Market is highly competitive with ~200 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Packaging Machinery.

Country-niche players comprise around 55% of the total number of competitors, while the regional players comprise the second highest of the total number of competitors. Some of the major players in the market include Krones AG, Robert Bosch GmbH, Coesia, I.M.A. Industria Macchine Automatiche S.P.A., Langley Holdings plc, KHS Group, CKD Corporation, Barry-Wehmiller Companies, The Adelphi Group Of Companies, And Fuji Machinery Co.,Ltd., among others.

The leading global Packaging Machinery companies such as KHS Group, Coesia, Langley Holdings plc, and Krones AG are highly focused on strategic developments such as advanced feature packaging machine launches, joint ventures, acquisitions, partnerships, and others to grow in the market.

Recent Developments Related to Major Players

• In August 2022, KHS Group boosted its packaging line and equipment with the 3D planning method. The 3D software helps demonstrate to the customers how the new packaging equipment would fit in their current facility. The company aims to depict machinery in 3D to improve the planning process and expand its product portfolio.
• In April 2022, Langley Holdings plc received “The Queen's Award for Enterprise” for their business division Bradman Lake Ltd, the group’s UK-based packaging machinery specialist. The Queen’s Award shows that the company is committed to new product innovation to meet the demand of fast moving consumer market.

Conclusion

The Global Packaging Machinery Market is forecasted to continue a moderate growth, primarily driven by the growing demand for Packaging Machinery in various industries such as food and beverages, pharmaceuticals, personal care, chemicals, and others. The increasing consumption of packaged goods coupled with the rising adoption of automated and advanced technology packaging machinery to efficiently pack products is anticipated to propel the growth of the Global Packaging Machinery Market. Though the market is highly competitive with over 200 participants, global players control the dominant market share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for pre-booking clients, and the report delivered within a maximum of two working weeks.

The Global Packaging Machinery Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented by machine type, operations, technology, end-user, and distribution channel. In addition, the report also covers market size and forecasts for the four region's Packaging Machinery Market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

Machine Type

• Filling
• Labeling
• Form-Fill-Seal
• Cartoning
• Wrapping
• Palletizing
• Bottling Line

By Operations

• Autonomous
• Semi-Autonomous

By Technology

• General Packaging
• Modified Atmosphere Packaging
• Vacuum Packaging

By End User

• Food and Beverages
• Pharmaceuticals
• Personal Care
• Industrial and Chemicals

By Distribution Channel

• E-Commerce
• Direct

By Geography

• North America (USA, Canada, and Mexico)
• Europe (Germany, UK, France, Spain, and Italy)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)
• LAMEA (Latin America, Middle East, and Africa)

Key Players

• Krones AG
• Robert Bosch Gmbh
• Coesia
• M.A. Industria Macchine Automatiche S.P.A.
• Langley Holdings Plc
• KHS Group
• CKD Corporation
• Barry-Wehmiller Companies
• The Adelphi Group Of Companies
• Fuji Machinery Co.,Ltd.

Global Adult Incontinence Products Market is forecasted to grow approximately US$ 15 Billion by 2028: Ken Research

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Incontinence is a term that is used for any accidental or involuntary loss of urine from the bladder. The health incontinence condition starts when a bladder becomes incapable of storing a supposed amount of urine or when bladder muscles are unable to control the discharge of urine. Incontinence in adults can occur in both men and women with aging being one of the major issues of occurrence.

According to Ken Research estimates, the Global Adult Incontinence Products Market – which grew from approximately US$ 7 Billion in 2017 to approximately US$ 10 billion in 2022 – is forecasted to grow further into approximately US$ 15 Billion opportunities by 2028, owing to the growing diseases like diabetes, urinary, surgery, prostate.

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• Urinary incontinence (UI) is one of the major driving factors of the adult incontinence products market. UI is the accidental loss of urine. UI condition can occur at any age, but it is more common in women over the age of 50. Urgency incontinence, stress incontinence, functional incontinence, and overflow incontinence are a few types of UI. According to National Association for Continence, over 25 million adult Americans experience temporary or chronic urinary incontinence. UI can be a temporary condition that results from an underlying medical condition. It can range from the discomfort of slight loss of urine to severe, continuous wetting.
• Low awareness and social stigma about the usage of incontinence products, are likely to restrain the market growth.  Furthermore, adult diapers can cause rashes, allergies, and infections, which can reduce their usage. Adult diapers get dirty and smelly when they absorb perspiration and other fluids such as urine retaining moisture, and wetness, potentially causing diaper rashes and bacterial infections.
• COVID-19 has helped in the growth of the adult incontinence products market. Since the start of the pandemic, awareness regarding health and medical condition is surging, which helped the adult incontinence products market to accelerate. As the pandemic is slowing down, it is estimated that the adult incontinence products market remains significant in the forecasted period, owing to the growing urine, and bladder-related cases worldwide.

Key Trends by Market Segment:

By Product Type: Diapers segment held the largest market share of the global adult incontinence products market in 2021, owing to its extensive usage in urine conditions.

• Rising prevalence of incontinence and the surging geriatric population worldwide, are likely to fuel the demand for diapers in the forecasted period.
• According to World Health Organization, by 2050, the number of people aged 65 or more is forecasted to increase by 1.5 billion, equivalent to 16% of the world’s population. The increasing elderly population is likely to benefit the diaper segment.

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By End-Users: Women segment accounted for the largest market share in 2021, owing to the higher number of healthcare conditions.

• Most common forms of incontinence in women are stress and urge. According to Lifree, a leading adult incontinence product manufacturer, ~58% of females suffer from the problem of stress incontinence.
• As per the National Library of Medicine, it is estimated that the number of women in the United States with urinary incontinence will rise from 18.3 million in 2010 to 28.4 million in 2050.

By Distribution Channel: The pharmacy & drug store segment held the largest market in 2021, owing to growing sales and customer retail network.

• Pharmacy store is a shop or hospital dispensary where medical drugs are prepared or sold. The store provides prescription drugs, along with other products.
• Increasing healthcare infrastructure, is likely to increase the number of newer pharmacies & drug stores worldwide, which will further increase the demand for adult incontinence products.

By Geography: North America accounted for the largest market share within the global adult incontinence products market in 2021, owing to the rising geriatric population, and surging government initiatives and programs towards the medical sector.

• The rising geriatric population and surging diabetes and urinary diseases in the region, are likely to fuel the demand in the adult incontinence products market.
• Presence of leading companies operating in adult incontinence products, like Kimberly-Clark, Medline Industries, First Quality Enterprises, and others, will catalyze the expansion of this market.

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Competitive Landscape:

• The global adult incontinence products market is significantly competitive with ~100 players which include globally diversified players, and regional players as well as a majority number of country-niche players having their niche in adult incontinence products manufacturing and supplying various types of products.
• Country-niche players held the largest share by competitor type. While large global players control about 10% of the share by type. Some of the major players in the market include Kimberly-Clark, First Quality Enterprises, Inc., Medline Industries, Ontex BV, Unicharm Corporation, Hengan International Group Company Ltd., NorthShore Care Supply, DSG International, Attends Healthcare Products, Inc., Drylock Technologies, and others.

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Recent Developments Related to Major Players

• In February 2021, NorthShore Care Supply announced its expansion into Canada. Expansion is likely to increase the domestic production and distribution channel.
• In December 2020, Seniority and Nobel Hygiene join hands to launch a new range of adult diapers, Friends Premium Pants.
• In July 2017, Hartmann Group announced the acquisition of Procter & Gamble’s (P&G) Lindor, an adult incontinence product brand in Spain and Portugal.

Conclusion

The global adult incontinence products market witnessed significant growth during the period 2017-2021, owing to the growing geriatric populations worldwide. The growth rate is expected to remain significant during the forecast period.

Though the market is fairly competitive with ~100 participants, the majority of country-niche players dominate the market share by type, and global players hold a significant market share.

Note: This is an On-Demand/Planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled Global Adult Incontinence Products Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that segment the Market by product type, end-users, and distribution channel. In addition, the report also covers market size and forecasts for the four regions in the adult incontinence products market. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product

Adult Diapers

Pads

Pants

Others

By End-Users

Men

Women

By Distribution Channel

Supermarket

Online Store

Pharmacy & Drug Stores

Others

By Geography

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Spain, Italy)

Asia Pacific (China, Japan, South Korea, India, Australia)

LAMEA (Latin America, Middle East, Africa)

Key Players

Kimberly-Clark

First Quality Enterprises, Inc.

Medline Industries

Ontex BV

Unicharm Corporation

Hengan International Group

NorthShore Care Supply

DSG International

Attends Healthcare Products, Inc.

Drylock Technologies

Used Car Industry in Egypt is on a Rapid Growth Trajectory, generating a massive revenue with a few players dominating the Market: Ken Research

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1. The used car industry in Egypt is expected to grow at a CAGR of 15.3%, with a few players dominating the majority of the market

The market grew at a CAGR of 5.9% between 2016 & 2021 is expected to witness a growth of 15.3% between 2021 & 2026. The major growth drivers are availability of financing options, online presence of new emergent players & increasing smartphone & internet penetration. On the other hand, a few market restraints such as outdated regulations, sheer lack of organized sector & low purchasing power of the millennials might be a hindrance when it comes to the overall growth trajectory of the market. When it comes to the way forward a few steps can be initiated to ensure a positive growth:

• Leveraging technologies such as Artificial Intelligence & Virtual Reality to enhance user browsing experience and car inspection
• Growth of transactional marketplaces offering one-stop solutions to buyers & connecting dealers, financing & insurance companies.

• Dealerships anticipated to increase online presence on online platforms or through own websites & Instagram to boost sales

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2. Unorganized sector accounts for a major portion of the pie & has outnumbered the organized sector when it comes to ‘Used Car Market’ in Egypt

Capturing majority of the Used Car Market in Egypt, unorganized sector had the commission margin of 5%-15% operating across Egypt especially rural areas. Moreover, online advertisements have acted like a catalyst when it comes to the sale & purchase of used cars across Egypt. Independent dealers are able to have a major influence across the market by increasing their online presence like listing their inventory on their own website/Facebook account thereby attracting a large number of customers.

3. Used car portals in Egypt have evolved over the years from basic classified listings to transactional marketplaces with their main focus on improving industry efficiency.

• C2C: The emergence of used car portals started off with general listing platforms such as Car Semsar which allow sellers to post ads of various products. The potential of used car market led to the entry of dedicated used car platforms. Moreover, the C2C scenario connected buyers & sellers on a mutual platform which enabled efficient processing of the entire deal.
• B2C: B2C basically acted as the evolved version of C2C platforms, providing specialized monthly & annual listing & subscription packages for dealers.
• C2B: C2B enabled sellers to sell used cars directly to online players who in turn sell the inventory to the dealers either by way of bidding or a general sales process while charging a margin of the principal amount.
• B2B: In the recent years, auto portals have started partnering with finance & insurance companies, connecting them to dealers. Moreover, a possibility of auto portals enabling businesses to sell/auction cars on their platform to the dealers can also be perceived.
• Complete transactional marketplace: Transactional marketplaces provide consumers a completely digital experience & enable them to book test drives & buy cars online. Moreover, these platforms also provide ancillary services which includes insurance, warranty, financing options & documentation support.

For more information on the research report, refer to below link:

Egypt Used Car Market Outlook to 2026: Ken Research

Global Medical Plastics Market is expected to reach approximately US$ 60 billion by 2028: Ken Research

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Plastics made specifically for use in medical products are referred to as medical-grade plastics. Additionally, it is employed in the production of in vitro diagnostic devices and pharmaceutical packaging, which protects and contains medications to prevent tampering. Medical plastics are steadily replacing other materials used in the healthcare industry such as glass, ceramics, and metals. It becomes extremely essential for the manufacturers to meet the required standards and regulations along with maintaining the varying characteristics and properties of the medical-grade polymers.

According to Ken Research Analysis, the Global Medical Plastics Market is expected to record a positive CAGR of ~7% during the forecast period (2022-2028) and is expected to reach approximately US$ 60 billion by 2028.

Rising awareness regarding personal hygiene, technological advancement, and high investment by the players in the development of medical plastics is positively impacting the market.

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• Technologies including device downsizing, multipurpose drug packaging, and point-of-care (POC) diagnostic tools have all contributed significantly to the rapid expansion of the medical plastics market. As an illustration, bespoke blow forming is a technical approach developed to produce thinner prescription bottles, enhance performance in terms of moisture transmission rate, and strengthen the twist caps. A simple biocompatibility test is made possible by the design of Unique Device Identification (UDI) and other device identification barcodes.
• Concerns about improper medical waste management as well as environmental concerns limit the market growth.
• The demand for medical plastics has grown as a result of the continually rising human population. Due to the constant rise in plastic production and waste creation caused by these items, environmental pollution levels are rising and the development of the medical plastics industry is being hampered. These are typically non-recyclable materials that receive separate treatments to prevent the spread of infection. The lack of medical waste management services is causing a variety of contamination, including land and water pollution.

The COVID-19 pandemic has had a positive effect on some medical equipment markets. Polyethylene, polypropylene, and engineering plastics are just a few of the polymers that were highly demanded and are still in demand due to medical uses as well as due to the increased production of medical supplies and equipment during the pandemic, such as thermal scanners, ventilators, respirators, masks, and gloves. Additionally, increasing consumer awareness of good hygiene is promoting product consumption and fosters market expansion after COVID-19.

Key Trends by Market Segment

By Product: The polyphenylsulfone product segment held the largest market share in the Global Medical Plastics Market in 2021.

• Polyphenylsulfone resists heat and chemicals well, it is preferable for replacing metals in medical applications. The manufacturing of single- and multiple-use surgical instruments is made possible by these plastics' strong flexural strength, impact resistance, and longevity.
• Medical devices that must be frequently steam sterilized adopt polyphenylsulfone because of its resilience to high temperatures. These plastics are increasingly being employed in the production of biopharmaceutical products and surgical robots.

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By Application: The medical components application segment held the largest share of the Global Medical Plastics Market in 2021.

• The demand is anticipated to be driven by the expanding range of applications for polypropylene in the production of diagnostic pans, tools, trays, implant trials, containers, syringes, and medical cover sheets.
• Polypropylene is anticipated to experience significant expansion in the application for medical components owing to its high level of microbiological and chemical resistance, low weight, and low price, and can be used in the production of a variety of medical disposables. It also has a high demand in the syringe manufacturing industry since it is simple to mold into the required dimensions.

By Geography: North America accounted for the largest market share in 2021 within the total Global Medical Plastics Market.

• North America dominated the regional market and contributed a significant share of total sales in 2021. The growing older population in the USA and the rising need for home healthcare services are the main factors driving the market for medical plastics in North America.
• The regional market is also anticipated to be driven by increasing product demand for pharmaceutical packaging applications and the swift expansion of the pharmaceutical industries in Mexico and Canada.

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Competitive Landscape

• The Global Medical Plastics Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players.
• Large global players constitute ~5% while regional players constitute ~45% of the competition. Some of the major players in the market include Evonik Industries AG, Solvay S.A., Dow, Eastman Chemical Company, Röchling Group, DuPont de Nemours Inc., BASF SE, Celanese Corporation, Mitsubishi Chemical Corporation, Nolato AB, Saint-Gobain Performance Plastics, and others.

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Recent Developments Related to Major and Emerging Companies

• In January 2021, Custom plastic injection molded PTA Plastics reported investing more than US$2 million in property and capital equipment to accommodate demand from current and potential clients in the medical industry.
• In June 2021, Pawling Engineered Products, a New York-based manufacturer of specialized elastomeric inflated seals and extruded solutions, has been acquired by Minnesota Rubber and Plastics, a producer of highly engineered elastomer and thermoplastic solutions for the Medical, Water, and Industrial end industries.
• In December 2020, PeelMaster Medical Packaging Corporation was acquired by Spectrum Plastics Group, a market leader in specialized medical packaging, components, and contract manufacturing. PeelMaster will strengthen the business's position as a flexible and specialized packaging provider for the medical device industry.

Conclusion

The Global Medical Plastics Industry is forecasted to continue a gradual growth. Key trends driving market expansion include the aging population's demand for improved medical gadgets, rising healthcare spending in developing nations like China and India, and an increase in demand for inexpensive and effective healthcare systems. The market is highly competitive with ~300 participants concentrating on expansion strategies through product innovations as well as acquisitions and mergers.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled Global Medical Plastics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 That segment the Market by product and application. In addition, the report also covers market size and forecasts for the four major regions’ Medical Plastics Market. The revenue used to size and forecast the market for each segment is US$ billion.

By Product

Polyethylene

Polypropylene

Polycarbonate

Liquid Crystal Polymer

Polyphenylsulfone

By Application

Medical Device Packaging

Medical Components

Wound Care

BioPharm Devices

Tooth Implants

Other

By Geography

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Spain, and Italy)

Asia Pacific (China, Japan, South Korea, India, Indonesia, and Australia)

LAMEA (Latin America, Middle East, and Africa)

Key Players

Evonik Industries AG

Solvay S.A.

Dow

Eastman Chemical Company

Röchling Group

DuPont de Nemours Inc.

BASF SE

Celanese Corporation

Mitsubishi Chemical Corporation

Nolato AB

Saint-Gobain Performance Plastics

Global Dietary Fibers Market expected to Reach a Market size of ~US$ 15 billion by 2028: Ken Research

 Dietary fiber is a class of plant-based substances that human bodies are unable to fully digest. Whole grains, fruits, and vegetables are all high in fiber, which has repeatedly been demonstrated to improve health and reduce illness risk. Foods made of plants, such as fruits, vegetables, whole grains, beans, and pulses, contain a complex mixture of many various substances that together make up dietary fiber.

According to Ken Research Analysis, the Global Dietary Fibers Market was valued at ~US$ 5 billion in 2017. Increased product demand due to growing consumer awareness of eating a healthy diet and leading an active lifestyle is likely to fuel the market expansion of dietary fibers in the forecasted period. It is estimated to be ~US$ 8 billion in 2022 and is expected to reach a market size of ~US$ 15 billion by 2028 growing at a CAGR of ~11% during 2022-2028.

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• It is anticipated that the growing consumption of dietary fiber supplements to fulfill nutritional requirements will drive market growth. Due to the aging population, rising rates of lifestyle diseases like heart disease, obesity, diabetes, and stroke among others and rising healthcare expenses, dietary supplements are in extremely high demand.
• The demand for functional foods such as fruits, vegetables, nuts, and seeds in the regions like Asia Pacific and North America is also being driven by an increase in the consumption of plant-based, fortified, vegan, low-salt, low-fat foods with added health benefits, which is expected to boost demand for dietary fibers in the forecasted periods.
• Market expansion is being hampered by the lack of awareness of the health advantages of dietary fiber in rural areas and stringent government regulations regarding dietary fibers.
• The market for dietary fibers was just slightly impacted by COVID-19. To increase immunity and muscular mass, dietary fibers are also utilized. As a result, there was a strong demand for dietary fiber products during the pandemic. Additionally, consumers started using dietary fibers in their daily diets, which had an impact on the market's overall growth.

Key Trends by Market Segment

By Source - The Cereals & Grains segment dominated the market in 2021, as consumption of fibers lower the risk of cardiovascular conditions like coronary heart disease and stroke.

• The primary dietary fiber sources in cereals & grains include oat, bran, corn, rice, and wheat which are abundant in soluble and insoluble fibers including beta-glucan, cellulose, and hemicellulose, which have health advantages like lowering the risk of diabetes and heart disease.
• Due to its improved nutritional profile, breakfast cereals are significantly expanding the market share in the global dietary fiber market. This is due to consumers' growing health worries about the negative health impacts of processed and fast foods as well as their excessive calorie consumption when compared to recommended daily intake levels.

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By Type- The soluble segment accounted for the highest market share in 2021, as soluble fiber has the potential to lower blood cholesterol and sugar levels which aids in blood glucose control, lowering the risk of diabetes.

• During digestion, soluble fibers attract water and turn it into a gel. Soluble fibers can be found in fruits, vegetables, cereals, nuts, whole grains, and seeds.
• Soluble fiber also aids in the prevention of diarrhea, constipation, and inflammatory bowel disease. It aids in caloric control by increasing the release of satiety hormones.

By Application- Food & Beverages accounted for the highest market share in 2021 owing to increased consumer knowledge of the value of dietary fiber in daily meals.

• The demand for nutrient consumption among younger generations has driven the expansion of nutritional supplements, which offer dietary fiber-related supplements.
• As a result of consumer’s improved nutritional profile, breakfast cereal sales are also increasing rapidly. The domination of the market is due to an increase in health-conscious customers and awareness of the harmful effects of fast food and excessive calorie consumption, which can result in a number of lifestyle diseases.

By Geography: Asia Pacific accounted for the largest market share among all regions in 2021, due to the young population in developing countries like India and Bangladesh becoming more aware of the importance of consuming nutrient-dense food products .

• China continues to be a profitable market for insoluble and soluble dietary fibers in the region due to the enormous population base with a potential customer market. Additionally, the nation is going through a huge period of innovation and the introduction of new products.
• Some of the reasons driving the expansion of the market for dietary fibers in Asia-Pacific include a rise in the aging population, government recommendations to incorporate fiber-rich foods in the daily diet, and rising per capita income. Also, busy lifestyles have led consumers to choose ready-to-eat foods, which has aided manufacturers in developing fiber-rich snacks, particularly for health-conscious customers.

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Competitive Landscape

The Global Dietary Fibers Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Dietary Fibers. Large global players constitute ~15% of competitors, while country niche players represent the largest number of competitors. New product launches, geographic expansions, R&D investments, and mergers and acquisitions are major endeavors to boost market share. This aids in their investigation of the untapped market potential. To ensure an effective flow of their products throughout all regions, industry players turn to supply chain agreements with dealers and distributors. Some of the major players in the market include Cargill, Incorporated. Ingredion., Tate & Lyle, Roquette Frères, Archer Daniels Midland Company (ADM), DuPont., J. Rettenmaier & Söhne GmbH + Co KG, Kerry Group plc., Nexira, BENEO, and others.

Recent Developments Related to Major Players

• In November 2019, DuPont Nutrition & Biosciences launched a brand-new dairy enzyme, DuPont Danisco Nurica, which is said to facilitate total sugar by up to 35% while simultaneously producing prebiotic dietary fibre on-site through the natural conversion of lactose.
• In December 2021, Nexira announced that the Food and Drug Administration (FDA) has now officially recognized Acacia as a dietary fiber.

Conclusion

The Global Dietary Fibers Market is anticipated to grow significantly during the projected period (2022-2028) as the rising consumer preference for preventative healthcare and maintaining a healthy lifestyle. Additionally, the market is developing due to the rising prevalence of chronic lifestyle diseases like gastrointestinal disorders, hypertension, diabetes, and cardiovascular diseases (CVDs). Consumers are becoming more aware of the advantages of including fiber in regular diets through meals, beverages, nutritional supplements, and medications. Though the market is competitive with ~200 participants, country-niche players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of two working weeks.

Market Taxonomy

The Global Dietary Fibers Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 is segmented into Source, Type, and Application. In addition, the report also covers market size and forecasts for the four regions. The revenue used to size and forecast the market for each segment is US$ Billion

By Source     

• Fruits & Vegetables
• Cereals & Grains
• Nuts & Seeds
• Legumes

By Type         

• Insoluble
• Soluble

By Application

• Food & Beverages
• Pharmaceuticals
• Animal Feed
• Others

By Geography          

• North America (USA, Canada, and Mexico)
• Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific)
• LAMEA (Latin America, Middle East, and Africa)

Key Players  

• Cargill, Incorporated.
•  
• Tate & Lyle
• Roquette Frères
• Archer Daniels Midland Company (ADM)
•  
• Rettenmaier & Söhne GmbH + Co KG
• Kerry Group plc.
• Nexira
• BENEO