The Benefits of Subscribing to Dossier 360, An Industry Research Reports Subscription Platform: Ken Research

 Subscriptions provide you admittance to several research reports as well as continuously updated data so you always have the latest information at your fingertips. Spend less time searching for information and more duration using it to make informative decisions. Subscription-based market research services can be a fool-proof and cost-efficient alternative to individual Fitness Industry Dossier Reports purchasing, making your job easier, more informative, and most of all, more accomplished. Pursue reading to learn about the precise benefits a Market Research Subscription Service can deliver for you and your business.

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Get A Holistic View of the Market with Our Research Reports: Ken Research

Ken Research involves gathering data to learn more about target demographics and customers so a business can market itself more efficiently, and, ultimately, succeed in the market. Market Research is a vital part of any business strategy, whether that business is B2C or B2B, big or small, old or new. It delivers the answers companies require to make decisions that will move them forward instead of the back by sanctioning them to base the decisions on data.

Most companies know what market research is and acknowledge its importance in the general sense but may not realize just how crucial market research is to the success of their business. When you require to recognize market trends, understand your core client better, or accomplish a long list of other imperative objectives, market research is the answer.

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The Singapore Online Insurance Market is expected witness a steady growth in the next few years, owing to the implementation of technology enabled services: Ken Research

 1. Singapore Insurance Market is highly fragmented with the top nine players contributing to a major share of market

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The Industry is in a growing stage with the market being highly fragmented. The competition parameters for the market are:

• Product Portfolio
• Number of Policy Holders
• Target for Tele Sales representatives
• Premium collected from Policyholders

2. The target population in the Singapore Online Insurance Market can be segmented by age, gender, income of the insured & type of insurance

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• Target Population by type of Insurance: Insurers can target health & life insurance policies. Demand in Life Insurance owing to the pandemic is expected in medium term. Moreover, a short term demand in travel insurance due to the reduction of travel restrictions in Singapore is also expected.
• Target Population by income of Insured: Households with SGD 40k below are expected to take more insurance policies.

3. The Singapore Online Insurance Market is expected to grow by CAGR of 9.6% between 2021 & 2026F, owing to the implementation of technology enabled services

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• Technology enabled services led by the insurtech innovation will thrive in Singapore. Singapore has one of Asia’s largest concentration of ~80 Insurtech start-ups in 2021.
• An increase in the future motor insurance product offering due to increasing EV vehicles is anticipated owing to Singapore Green Plan 2030

Global Thermoformed Plastics Market is expected to reach USD 60 bn by 2028: Ken Research

 The Global Thermoformed Plastics Market was valued at ~US$ 30 billion in 2017. It is estimated to be ~US$ 40 billion in 2022 and is forecasted to reach a market size of ~US$ 60 billion, growing at a CAGR of ~7% due to the increasing usage in healthcare and food packaging sectors.

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Key Growth Drivers

• Rising demand for effective packaging solutions across all the major industries is the key factor responsible for the growth of the market. Thermoformed plastics are most commonly used to make clamshell packages, package blisters, mailer trays, retail package liners, and many others. The wide acceptance of these products is fuelling market growth.
• Furthermore, thermoformed plastics are also used in the infrastructure and automotive industries. In building and infrastructure, thermoformed plastics are used mainly for insulation applications, whereas in automotive, it has applications in interior and exterior body parts of automobiles.

• The major challenge faced by the market is the volatile prices of the raw materials used for making thermoformed plastics. Hydrocarbon fuels such as crude oil, natural gas, and coal are the most common primary sources of thermoformed plastics. The regulations over the preservation of natural resources act as a restraining factor for the market. Social upheaval in major crude oil-producing countries, including Libya, Venezuela, Nigeria, Iran, and Iraq, has harmed crude oil production, causing demand and supply irregularities. These factors have a short-term impact on the market, causing prices to drop and rise quickly.

• COVID-19 had a detrimental influence on the thermoformed plastics market growth and demand, owing to a worldwide halt in manufacturing operations. The restrictions on supply and transport have impacted the market globally. The pandemic and resulting lockdowns disrupted supply chains on both supply and demand sides, which negatively impacted many manufacturing and service industries such as consumer goods, packaging, agriculture, and others. According to the Government of Canada's Monthly Survey of Manufacturing, 2021, manufacturing sales declined 2.10% to US$ 57.10 billion in April 2021. The market is expected to exhibit significant growth in the forecast period due to surging demand for thermoformed plastics products in the healthcare and pharmaceutical industries

Key Trends by Market Segment

By Product Type:  The Polypropylene (PP) segment held the largest market share in the global Thermoformed Plastics market in 2021, owing to its wide area of applications in food packaging products.

• PP is a thermoplastic polymer and is widely used to produce food packaging products such as cups, trays, margarine tubs, sandwich packs, disposable products, beverage glasses, and microwaveable containers.
• PP material exhibits good chemical resistance and an excellent strength-to-weight ratio that makes it ideal to be used in the healthcare, pharmaceutical, and automotive industries.
• Polymethyl Methacrylate (PMMA) is expected to register the highest CAGR in the industry during the forecast period, owing to its high resistance to weathering and UV light and highly recyclable nature.

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By Thickness: Thin Gauge segment held the largest market share in the global Thermoformed Plastics market in 2021, owing to its huge demand in the healthcare sector for the manufacturing of medical device packaging trays.

• Thin Gauge thermoformed plastics are manufactured through contact, radiant and air heating techniques.
• The global virus spread has resulted in high demand for medical plastics due to which manufacturers are using thin thermoforming techniques to produce plastics for the healthcare industry.

By End-User:The food packaging segment held the largest market share in the global Thermoformed Plastics market in 2021, owing to the properties that allow its usage in high-quality food items requiring safe transportation.

• Food packaging requires extremely good quality packaging material that protects the food from moisture bacteria and older. The demand for thermoformed plastics in the food industry is extremely high as it inhibits any growth of bacteria or pathogens.
• Automotive segment is expected to be the fastest-growing segment during the forecast period, owing to increasing demand for thermoformed plastics in bumpers, cable insulation, carpet fibers, and others.

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By Region: North America held the largest market share among all other regions within the Global Thermoformed Plastics Market in 2021, due to the rapid industrialization and advancements in the packaging industry.

• The growing number of manufacturers and suppliers of thermoformed plastic products in the region is expected to drive the industry.
• The growth of the automotive market and the subsequent demand for lightweight components to improve the efficiency of vehicles are anticipated to drive the regional demand for thermoformed plastics.

The US federal government invested US$ 2,000 billion in infrastructure improvements over ten years, beginning in 2020. The USA has a stable economy and robust financial capabilities that encourage more infrastructure spending in the country. This , in turn, is expected to boost demand for thermoformed plastics in the building industry

Competitive Landscape

The Global Thermoformed Plastics Market is highly competitive with ~300 players, including globally diversified players, regional players, and many country-niche players. Most of the country-niche players are suppliers of raw materials for Thermoformed Plastics used in various end-user industries.

Regional Players Constitute ~35% of the Total Number of Competitors, While Country-Niche Players Dominate Representing ~50% of Total Competitors. Some of the major players in the market include D&W Fine Pack., Genpak LLC, Greiner Packaging, Pactiv LLC, Placon, Silgan Holdings Inc., Sonoco Products Company, Dongguan Ditai Plastic Products Co.,Ltd, Spencer Industries Incorporated, Berry Global Inc., among others.

Recent Developments Related to Major Players and Organizations

• In August 2022, Berry Global launched thermoformed and injection stretch blow molded food packaging products manufactured from recycled PET (rPET). CombiPac, CombiRound, SuperLight, Spoon-in-lid and DeliPac are some of the 100% recyclable thermoformed plastics products used for the food packaging.

• In September 2021, Berry Global invested US$ 110 million to expand its PP thermoforming manufacturing capabilities in North America as part of its long-term strategic growth commitments.

Conclusion

The Global Thermoformed Plastics Market witnessed a a slow growth, owing to the restricted supply-chain worldwide. The demand from various end-use industries was reduced except for healthcare and pharmaceuticals. Due to the high requirement for masks globally during the COVID, thermoformed plastics manufacturers were continuously engaged in the production process. The market condition is expected to get even better in 2022, owing to the consumers’ preference for health and hygiene the market is primarily driven by increasing usage of thermoformed plastics in healthcare, buildings & construction, packaging, automotive, and other industries. Though the market is highly competitive with over ~300 participants, country-niche players control the dominant share in the market and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for 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 2 working weeks.

Ken Research has recently published report titled, Global Thermoformed Plastics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028. In addition, the report also covers the market size for each of the five regions' Thermoformed Plastics Market. The revenue used to size and forecast the market for each segment is USD billion.

Market Taxonomy

Product Type	Polymethyl Methacrylate (PMMA) Bio-degradable polymers Polyethylene (PE) Acrylonitrile Butadiene Styrene (ABS) Poly Vinyl Chloride (PVC) High Impact Polystyrene (HIPS) Polystyrene (PS) Polypropylene (PP)
Thermoforming Type	Vacuum Forming Pressure Forming
Thickness	Thin Gauge Thick Gauge
End-User	Food Packaging Agriculture Packaging Consumer goods & appliances Healthcare & Pharmaceutical Construction Electrical & electronics Automotive Packaging & Structures
By Region	North America USA Canada Mexico Europe Germany UK France Spain Italy Rest of Europe Asia Pacific China Japan South Korea India Indonesia AustraliaRest of Asia Pacific LAMEA Latin America Middle East Africa
Key Players	D&W Fine Pack. Genpak LLC Greiner Packaging Pactiv LLC Placon Silgan Holdings Inc. Sonoco Products Company Dongguan Ditai Plastic Products Co.,Ltd SPENCER INDUSTRIES INCORPORATED Berry Global Inc.

Global Regenerative Medicine Market is forecasted to grow approximately US$ 70 billion by 2028: Ken Research

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Regenerative medicine is a process to restore human cells, tissues, and organs. It is referred to as a group of biomedical approaches to clinical therapies involving stem cells. Furthermore, regenerative medicine includes therapy such as, cell therapy, which is the injection of stem cells or progenitor cells, and tissue engineering, which is the transplantation of laboratory-grown organs and tissues.

According to Ken Research estimates, the Global Regenerative Medicine Market – which grew from approximately US$ 15 billion in 2017 to approximately US$ 30 billion in 2022 – is forecasted to grow further into approximately US$ 70 billion opportunities by 2028, owing to the growing severe diseases, infections, and cancers. Rising clinical trials and research & development spending on new advanced healthcare processes and facilities by players and governments are also driving the growth of the market.

• Regenerative medicine market is driven by surging trauma cases, genetic disorders, chronic diseases, and other infectious viruses. According to World Health Organization, a specialized international public health organization, stated that nearly 10 million deaths in 2020 are caused by cancer worldwide, the most common cases of cancer were lung, prostate, skin, stomach, colon, and rectum. Cancer immunotherapy activates, replaces, and regenerates the immune system in order to fight cancer. Cancer immunotherapy is a form of regenerative medicine. The rising number of cancer patients worldwide is driving the growth of the regenerative medicine market.
• Patients suffering from wound injuries, serious disorders, and others require cell and gene therapies, representing advanced technology. The high cost of cell and gene therapies is hampering the growth of the market. In 2017, the Food and Drug Administration (FDA), a federal agency of the department of health and human services, approved Luxturna to treat a rare form of inherited blindness that affects 100 to 2000 people in the USA. This treatment cost US$ 425,000 per eye.
• COVID-19 has accelerated the growth of the regenerative medicine market. In May 2020, the Global Institute of Stem Cell Therapy and Research (GIOSTAR), received FDA approval for COVID-19 clinical trials with stem cells to treat the COVID-19 patients. In May 2020, According to United Arab Emirates Ministry of Foreign Affairs & International Corporation, stated that a patent has been granted by the Ministry of Economics for the development of an innovative and promising treatment for Covid19 infection using stem cells.

Key Trends by Market Segment:

By Product Type: The cell therapy segment held the largest market share of the global Regenerative Medicine market in 2021, owing to the growing availability of regenerative medicine, and advancement in technologies.

• Cell therapy is the transplantation of human cells to replace or restore damaged tissues and cells. Cell therapy is used for curing cancer, restoring spinal cord injuries, autoimmune systems, neurological disorders, and others.
• In September 2022, the Centre for Breakthrough Medicines (CBM) and jCyte announced a multi-year manufacturing agreement. CBM will be manufacturing jCyte’s U.S. Food & Drug Administration’s (FDA) approved regenerative medicine Advance Therapy (RMAT) designated cell therapy, called jCell.

By Material: The biomaterial segment accounted for the largest market share in 2021, owing to the surging infectious viruses and diseases.

• Biomaterials are key components in tissue engineering and regenerative medicine application.  It is used to reduce the burden of disease.
• Biomaterial has ample applications including medical implants, healing human tissues, restoring human cells, molecular probes, biosensor, and others.

By Application: The oncology segment held the largest market in 2021, owing to the rising incidence of cancer worldwide.

• Oncology cures cancer using medication such as chemotherapy, immunotherapy, and targeted therapy.
• In September 2022, Celltrion USA, a biopharmaceutical company, receives U.S. FDA approval for its oncology biosimilar Vegzelma for the treatment of six types of cancer.
• 

By Geography: North America accounted for the largest market share within the global regenerative medicine market in 2021, owing to technological advancement in the healthcare sector, and rising cases of illness and diseases.

• US Department of Health and Human Services, mentioned regenerative medicines are the next evolution of medical treatments. With its potential to heal, this new field of science is expected to revolutionize healthcare. Therefore, the increasing popularity and demand are expected to fuel the regenerative medicine market.
• In March 2021, Amgen Inc., a USA-based company, announced in an agreement to acquire Rodeo Therapeutics Corporation, a privately held biopharmaceutical company based in Seattle that develops small-molecule therapies designed to promote regeneration and repair of multiple tissues.

Competitive Landscape:

The global Regenerative Medicine market is highly competitive with ~200 players which include globally diversified players, and regional players as well as a significant number of country-niche players having their niche in regenerative medicine testing and surgeries for severe diseases, infections, and wounds.

Regional players held the largest market share by type. While large global players control about 20% of the market share by type. Some of the major players in the market include Integra Lifesciences, Amgen, AstraZeneca, Tissue Regenix, Takeda Pharmaceutical Company Limited, Bayer AG, Novartis AG, Smith+Nephew, Vericel, GSK plc. And others.

Recent Developments Related to Major Players

• In October 2022, Astellas Pharma Inc. and Pantherna Therapeutics GmbH entered into a new technology evaluation agreement for research to generate mRNA-based regenerative medicine programs using reprogramming.
• In January 2021, Integra LifeSciences Holding Corporation acquired ACell Inc., to strengthen comprehensive wound care management solutions.

Conclusion

The global Regenerative Medicine market witnessed significant growth during the period 2017-2021, owing to the rising number of cancer patients worldwide, and continuous upgradation in the technology. The growth rate is expected to remain significant during the forecast period.

Though the market is significantly competitive with ~200 participants, the majority of regional players dominate the market share by type, and global 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 2 working weeks.

Ken Research recently published a report title Global Regenerative Medicine Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that is segmented by product type, material, and application. In addition, the report also covers market size and forecasts for the four regions in the Regenerative Medicine markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product Type

Cell Therapy

Gene Therapy

Tissue Engineering

Stem Cells

By Material

Synthetic Material

Biomaterial

Genetically Engineered Material

Others

By Application

Dermatology

Musculoskeletal

Wound Healing

Oncology

Cardiovascular

Ophthalmology

Other

By Geography

North America

USA

Canada

Mexico

Europe

Germany

UK

France

Spain

Italy

Rest of Europe)

Asia Pacific

China

Japan

South Korea

India

Australia

Rest of Asia Pacific

LAMEA

Latin America

Middle East

Africa

Key Players

Integra Lifesciences

Amgen

AstraZeneca

Tissue Regenix

Takeda Pharmaceutical Company Limited

Bayer AG

Novartis AG

Smith+Nephew

Vericel

GSK plc

Global Brain Health Supplements Market is growing at a CAGR of ~10% during 2022-2028: Ken Research

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According to Ken Research Analysis, the Global Brain Health Supplements Market was valued at ~US$ 5 billion in 2017. The market is anticipated to grow significantly throughout the projected period as a result of the higher acceptance of such supplements is a result of consumers' significant change toward proactively addressing their health and wellness and their commitment to enhancing their brain health and general longevity to boost concentration and focus. 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 ~10% during 2022-2028.

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Key Growth Drivers

• The rise in R&D activity in herbal ingredients is the key driver of the rising demand for brain health supplements worldwide. Organic medicines or supplements have a variety of health advantages. As a result, the market's expansion is impacted by the rise in the number of significant companies creating brain health supplements.
• The market for brain health supplements is predicted to be constrained by factors such as consumer misunderstanding of the product's availability, the cost of the supplements, and the fact that people in developing nations do not consider them as an absolute necessity.
• The market for brain health supplements has grown favorably as a result of the COVID-19 pandemic. The deterioration of mental and emotional conditions has resulted in a rise in demand for such products. Due to the uncertainties surrounding the rising number of COVID-19 cases globally, people are constantly becoming more prepared to spend money on brain supplement products.

Key Trends by Market Segment

By Product- Natural Molecules dominated the market in 2021, due acceptance of brain supplements created with natural and organic ingredients as opposed to supplements made with synthetic ingredients.

• This market's expansion is anticipated to be aided by the growing preference for brain supplements manufactured from natural ingredients over synthetic ones. Additionally, businesses are emphasizing the use of natural ingredients in their products.
• The simple accessibility and affordability of the products are credited with the segment's growth. These products' natural components, such as acetyl-L-carnitine, huperzine-A, and omega-3 fatty acids, aid in enhancing attention and reducing stress, anxiety, and depression.

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By Age Group- Adult’s segment dominated the market during the forecast period due to the rising number of adults who started taking supplements for brain health to maintain normal brain function.

• According to U.S. Census Bureau statistics in 2021, there were more than 54 million adults in the country who are 65 years of age or older and accounted for 16.5% of the population of the country.
• According to the United Nations Population Fund (UNFPA) Asia and the Pacific reported that in 2021 one in four individuals would be older than 60 by 2050. Between 2010 and 2050, the number of senior people (those over 60) in the region will quadruple, growing to around 1.3 billion.

By Supplement Form – The capsule segment dominated the market during 2021, due to the simplicity of formulation development.

• Due to the simplicity of formulation development and progress in the pharmaceutical industries to produce safe and efficient supplement forms, the capsules segment dominated the market, and this trend is anticipated to persist during the forecast period.

By Distribution Channel- Drug stores dominated the market in 2021, owing to the rise in number of governments authorize drug stores in USA. They are likely continue dominance during the forecast period, however Online Stores channel is gaining prominence.

By Application- Memory Enhancement segment accounted for the largest market share in 2021, owing to naturally derived brain health supplements preventing anxiety and memory loss concerns.

• The millennial generation is engaging in a broad range of activities outside their primary occupation, such as adventure sports, social events, and part-time work, which needs them to be intellectually awake throughout the day.
• Therefore, it is anticipated that changing consumer habits will increase demand for such products.

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By Geography: North America accounted for the largest market share among all regions in 2021, owing to the demand for such products rising as a result of people's increased attention to mental health issues.

• Most of this is attributed to expanding concerns regarding cognitive and brain health as well as the existence of important players in the region. In addition, given many activities need intense concentration, the thriving sports, and fitness sector is to blame for the region's leading market share.
• According to data from the National Library of Medicine, USA published in April 2020, about a quarter of American adults (24 and older) regularly take nutritional supplements that boost their energy, mental clarity, and performance. Such development is likely to accelerate the country's market expansion.

Competitive Landscape

The Global Brain Health Supplements Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Brain Health Supplements. Large global players constitute ~25% of competitors, while regional players represent the largest number of competitors. Some of the major players in the market include Accelerated Intelligence Inc., AlternaScript LLC.

Aurobindo Pharma Limited, HVMN Inc., Procera Health / KeyView Labs, Inc., Liquid Health, Inc, Natural Factors Nutritional Products Ltd., Onnit Labs, LLC. Purelife Bioscience Co, Ltd, Quincy Bioscience, LLC., and others.

Recent Developments Related to Major Players

• In June 2021, Motiva Supplements introduced "Neuro Booster," the first-ever clinically validated supplement to aid Alzheimer's sufferers and boost brain health. It promotes increased absorption of six essential functional foods.
• Elysium Health Inc. and the University of Oxford collaborated to produce the Longevity supplement for brain health in June 2020. The "Matter" product contains a formulation of particular B vitamins that have been shown in clinical studies to delay brain atrophy related to age-related memory loss. In order to maximize the effectiveness of the B-vitamin complex, it also contains a powdered omega-3 lysine complex with higher bioavailability, along with an anthocyanin-rich bilberry extract that offers additional cognitive benefits.

Conclusion

The Global Brain Health Supplements Market is anticipated to grow significantly during the projected period (2022-2028) due to the widespread recognition and acceptance of supplements. Furthermore, consumers have shifted toward actively managing their health and welfare and have dedicated themselves to improving brain health and general endurance to boost attention and focus. Though the market is highly competitive with ~150 participants, few regional players control the dominant share and country- niche players also hold a significant share. The market size is estimated to be ~US$ 8 billion in 2022 and is expected to reach a market size of ~US$ 15 billion by 2028 growing with a CAGR of ~10% during 2022 to 2028.

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 Brain Health Supplements Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, Market is segmented into Product, Supplement Form, Application, Age Group, and Distribution Channel. 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$ Bn.

Market Taxonomy

By Product

• Herbal Extract
• Vitamins & Minerals
• Natural Molecules

By Supplement Form

• Tablets
• Capsules
• Others

By Application

• Memory Enhancement
• Attention & Focus
• Mood & Depression
• Sleep & Recovery
• Longevity & Anti-Aging
• Stress & Anxiety

By Age Group

• Children
• Adults
• Elderly

By Distribution Channel

• Supermarkets & Hypermarkets
• Drug Stores
• Online Stores
• Others

By Geography

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

Key Players

• Accelerated Intelligence Inc.
• AlternaScript LLC
• Aurobindo Pharma Limited
• HVMN Inc.
• Procera Health / KeyView Labs, Inc.
• Liquid Health, Inc
• Natural Factors Nutritional Products Ltd.
• Onnit Labs, LLC.
• Purelife Bioscience Co, Ltd
• Quincy Bioscience, LLC.

Global Grease Market is expected to record a CAGR of ~5% and to reach a size of US$7 billion by 2028: Ken Research

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Grease is a solid or semisolid liquid lubrication. Lubricating grease consists of 65 to 95% base oil, 3 to 30% thickener, and 0 to 10% additives. The main function of grease is to provide lubrication without leaking and contacting the material. The functional properties of grease include better performance than oil, solid sealant, prevents leakage, and uncontrollable fluid level. The grease is used in multiple industries such as automotive and transport, chemical, food processing, wind generation, heavy equipment, steel, mining, general manufacturing, and others.

The Global Grease Market is expected to record a CAGR of ~5% during the forecast period (2022-2028). The market was to be the size of US$4 billion in 2017 and US$5 billion in 2021. Further, the market is forecasted to reach a size of US$7 billion by 2028. Increased automation in multiple industries and rising demand from the automotive sector is a driving factor for the grease market.

• Rising demand from the automotive sector is one of the key factors driving the grease market. Grease is used in vehicles for suspension, chassis, arm-shafts, u-joints, and others. As per the International Organization of Motor Vehicle Manufacturers (OICA), an organization working in the interest of vehicle manufacturer and assemblers, stated that vehicle production increased by 3% from 2020 to 2021 after declining by 13% from 2019 to 2020.  Automotive is the largest end-user of grease, increasing demand for vehicles will directly help the grease market to rise.
• The grease used in heavy equipment, wind power, aerospace, and food industry is specifically manufactured and graded by companies. As per International Air Transportation Association (IATA), a trade association for the world’s airlines, mentioned in the fact sheet for June 2022, cargo aerospace revenue is US$ 100.08 billion and is estimated to grow by US$191 billion from 2019 to 2022. Aviation grease is used for multipurpose such as landing wheel assemblies, screw jacks, servo devices, and others, positive growth in the aerospace industry certainly helps to grow the grease market.
• Environmental concern is one of the major challenges for the grease market as waste material is discharged to the nearby waterbodies. For instance, the Lubricating Oil and Greases Order, 1987 is an act passed in India which overlooks the restrictions imposed on the processing and storing of greases and lubricating oils. Act also gives the power to the Central Government to issue directions regarding the search and seizure of the manufacturing plant.
• Covid19 has slowed down the growth of the grease market. Disruption in the supply chain, temporary shutdown of manufacturing plants, and reduction in vehicle traffic globally, were all those factors that reduce the use of grease in the market. According to the International Monetary Fund (IMF), a USA-based organization that promotes global economic growth and financial stability, provided in the growth projection released in April 2022, global economic growth is projected to slow from an estimated 6.1% in 2021 to 3.6% in 2022 and 2023. Declining economic growth will directly impact the chemical, construction, automotive, and other industries.

Key Trends by Market Segment:

• By Thickener:  Metallic soap holds the largest share of the Global Grease market in 2021. Metallic soap thickener greases used in multiple industries such as automotive, manufacturing, steel, marine, construction, and others.
• Sodium hydroxide, lithium hydroxide, and other materials are mixed with organic fatty acids in the oil and heated to prepare metallic greases.
• Metallic soap is the most common type of thickener used in the industry. There are multiple varieties of metallic soap greases are available in the market such as lithium, calcium, aluminum, and others.
• According to Trading Economy, a website that provides historical data on economic indicator, exchange rate, stock market index, and others stated that in 2022 lithium carbonate prices rose to 80% year-to-date in China as surging demand coincides with lower supply. Thus, the rise in demand for lithium is likely to propel the market for metallic soap during the forecast period.

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By Base Oil: Mineral oil segment accounted for the largest market share in 2021, as it used for multiple applications such as bearings, chains, gears, slides, and threaded connections.

• According to Enerdata, an energy intelligence company, stated in a report that global crude oil output rose by less than 1% in 2021 after a 7.4% drop in 2020.
• In 2021, as stated by Enerdata, the US crude oil production (17% of global output) increased by 1.3%. Increased production of crude oil is likely to propel the growth for mineral oil.

By End-User: Automation and transportation dominated the end-user segment in 2021, as grease is used in lubrication of suspension, chassis, arm-shafts, u-joints, and others.

• According to the Organization of Vehicle Manufacturers (OICA), China was the largest producer of motor vehicles with 26 million units in 2021, an increase of 3% from 2020. India was the second largest producer of motor vehicles in the Asia Pacific with 4.4 million units in 2021, with an increase of 30% from 2020.
• The growing wind power industry also has a positive impact on the grease market. According to the International Energy Agency (IEA), an autonomous intergovernmental organization, in 2021, mentioned that a total of 830 GW of wind capacity was installed worldwide, into which China covers more than 50% of the market share. Grease in wind power is used for lubricating multiple applications such as bearings, shafts, pitch drive gears, rotor, blade, and yaw bearings.

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By Geography: The Asia Pacific accounted for the largest market share within the global grease market, accounting major chunk of total market revenue in 2021 as it houses most of the lubricating companies.

• According to the Indian Brand Equity Foundation (IBEF), a semi-government trust formulated by the department of commerce. Mentioned that an investment of US$107 billion is forecasted in the Indian chemicals and petrochemicals sector by 2025, the demand for chemicals is expected to widen by 9% per annum by 2025.
• Europe is expected to be the 2^ndfastest growing region during the forecasted period because of the rising demand for electric vehicles. As per Organization of Vehicle Manufacturers (OICA), Europe’s motor vehicle production decline by 24% from 21 million units in 2019 to 16 million in 2021, has impacted the growth of the region. Rising demand for EVs will positively impact the grease market, as automotive is the major end-user of grease products.
• Food-grade grease is formulated to deliver high performance without compromising health and safety. As per the U.S. Department of Agriculture, food accounted for 11.9% of U.S. household expenditures in 2020, just behind the household and automotive industries. As food expenditure continues to hold a significant share in the US expenditure, it will boost the demand for food-grade grease.

Competitive Landscape:

• The Global Grease marketis highly competitive with approximately 200 players which include globally diversified players, regional players as well as a large number of country-niche players having their niche in Grease production to multiple end-user industries. Most of the country-niche players are dealing in the production and manufacturing of lubrication.
• Large global players control about 40% of the market, while regional players hold the second largest share. Some of the major players in the market include Castrol India, Royal Dutch, Exxon Mobil, Eni, Chevron Corporation, FUCHS Petrolub, Sinopec Corporation, Total Energy, ENEOS Corporation, Phillips 66, CITGO, Indian Oil Corporation Ltd., and others.
• The leading global specialist companies such as Exxon Mobil, Chevron Corporation, and Castrol are highly focused on providing a full segment of grease for multiple solutions and multiple end users.

Recent Developments Related to Major Players

• In June 2021, Castrol India announced the launch of Castrol On, a range of advanced e-fluids for improved electric vehicle performance. Castrol On advanced grease EV fluids protects the component in EV’s motor for higher efficiency and long-lasting.
• FUSCH announced in its Annual Report for FY21, New plant in Kaiserslautern, Germany will produce custom-made polyurea greases for e-mobility and wind power. US$15.5 million was invested in the 3 German sites in Mannheim, Keil, and Kaiserslautern.
• In February 2022, RelaDyne acquired The Farley Company, a distributor of an extensive line of lubrication and chemical products. This acquisition will expand RelaDyne’s distribution capabilities in the northern Ohio area, Columbus, and Akron markets.

Conclusion

The Global Grease Market witnessed significant growth during the period 2017-2021, primarily driven by growing demand from the automotive industry, and rising end-user industries. Although the growth rate is expected to remain neutral in the forecasted period, the use of Grease is anticipated to remain strong as multiple industries required lubrication in machinery.

Though the market is highly competitive with approximately 200 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 maximum 2 working weeks.

Ken Research has recently publish a report title Global Grease Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 that is segmented by Thickener, Base Oil, and End User. In addition, the report also covers market size and forecasts for the region's four major Region' Grease markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Thickener

Metallic Soap

Non-Soap

Inorganic

By Base Oil

Mineral Oil

Synthetic Oil

Bio-Based Oil

By End-User

Automotive

Power Generation

Food & Beverages

Aerospace

Chemical Manufacturing

Mining and Metals

By Geography

North America (USA, Canada, Mexico)

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

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

LAMEA (Latin America, Middle East, Africa)

Global Fingerprint Sensor Market is expected to growth of ~10% over the next six years (2022-2028): Ken Research

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According to the latest Ken Research Analysis, the global fingerprint sensor market is expected to witness a growth of ~10% over the next six years (2022-2028). The market size was valued at around US $3 Bn in 2017, is estimated at around US $5 Bn by 2022, and is expected to reach US $9 bn by 2028.

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Key Growth Drivers

An increase in the number of intelligent devices, such as tablets, laptops, smartphones, and smart wearables per person, is expected to increase the growth of the studied market. Additionally, the rising demand for biometric devices has accelerated its growth.

• The fingerprint sensor is among the most prominent type of biometrics sensors that is used in various applications and devices, due to which the demand for fingerprint sensors is rising. Tracking the attendance of the employees has become easy with the use of biometric systems. This system prevents employees from logging in for one another hence drastically reducing fraud in attendance systems. These biometric sensors have a thin film transistor (TFT) sensor that allows capacitive sensing to enable its small form factor (3.7 inches x 1.7 inches x 0.3 inches or 95 mm x 45 mm x 8.5 mm) to capture fingerprints under direct sunlight.

Global Fingerprint Sensor Market faces several restraints such as the availability of new technologies like facial recognition and iris recognition. Additionally, the high cost involved in the development of fingerprint sensors is a major barrier to the growth of the market.

• Iris scanning and facial scanning provide an advanced level of biometric security that can act as a substitute for the fingerprint sensor. The facial recognition system analyses the shape and position of different parts of the face to recognize the person. Iris scanning is known to be an excellent security technique, especially if it is performed using infrared light. Japanese auto companies are also actively innovating to integrate iris/facial scanning sensors in their upcoming automotive models.

The impact of COVID-19 pandemic negatively impacted the sales and growth of the Fingerprint Sensor Market. The pandemic led several manufacturers to halt their business operations due to disruptions in the global supply chain. Several manufacturers faced chip shortages and the shelf life of produced fingerprint sensors was increasing. This segment, which comprises wearables, laptops, desktops, and other appliances, was impacted, as production declined due to disruptions in the global supply chain, including China, which is the major hub of OEMs in this segment.

Key Trends by Market Segment

By Type: The capacitive segment held the largest market share in the year 2021 for the Global Fingerprint Sensor Market.

• Capacitive-type fingerprint sensor is widely used in smartphones, laptops, and other electronic devices. As consumer electronic devices mostly use capacitive-type fingerprint sensors in their products, their sales figures are higher than other types of fingerprint sensors. Due to their low cost, easy availability, and compact characteristics, the capacitive fingerprint sensor has also become a popular choice for biometrics smartcards, smart locks, and other access control devices.
• The development of Smartphone Fingerprint Technology recognition penetration rate shows that the Finger on display (FOD) fingerprint display increased from 4% in 2018 to 50.30% in 2022 which shows the increase in demand for Fingerprint Sensor technology.

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By Application: The smartphone/tablet segment held the largest market share in 2021 for the Global Fingerprint Sensor Market.

• As there have been advancements in access control technologies, the adoption of fingerprint sensors in smartphones and laptops has increased. A user is now able to make easy payments via his/her smartphone using authentication by fingerprint sensors. The earliest application of fingerprint sensors in smartphones was by Toshiba in 2011, however, but Apple revolutionized touch ID fingerprint sensors in mobile devices. Apple's Touch ID is a fingerprint sensor that scans fingerprints, reads them, and finally recognizes the fingerprints. This technology was originally a headlining characteristic of the iPhone 5S, but later this technology has been visible on several newer iPhones, like the iPhone SE (2020), and also on iPads and MacBooks.

By End-User Industries: The consumer electronics segment held the largest market share in 2021 for the Global Fingerprint Sensor Market.

• This growth is mainly due to an increase in demand for sensors that are used in smartphones, tablets notebooks, and laptops. In 2020, according to China Internet Network Information Centre (CNNIC), around 852.5 million users made mobile payment transactions, which surged from 583.3 million users in 2018. These kinds of surges in mobile payment transactions increase the need for fingerprint sensors.

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By Region: The North America Fingerprint Sensor market held the largest share in 2021. On the other hand, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period (2022-2028)

• The market dominance of North America is due to the early adoption of technology and the presence of key players like Apple Inc., Qualcomm Technologies, Inc., and others in the region. Moreover, there has been an increase in investment by the government in the region for border surveillance and homeland security which is further driving the revenue growth of the market.
• Increasing mobile transactions in China, guided by the government’s initiatives, are expected to boost the growth of the fingerprint sensors market in the Asia Pacific region. China is expected to have a high mobile transactional volume, which is expected to create a strong potential for the Fingerprint Sensor market.

Competitive Landscape

The Global Fingerprint Sensor Market is highly competitive with more than 300 players which include globally diversified players, regional players as well as a large number of country-niche players in the Fingerprint Sensor market.

The large global players constitute ~10% in terms of the number of competitors followed by regional players which account for ~30% of the constitution. Most of the country-niche players deal with the local demand of the region. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.

Recent Developments Related to Major Players

• In September 2021, IDEMIA launched the SaaS-based Automated Biometric Identification System (ABIS), IDEMIA STORM ABIS, for affordable, accessible, and intuitive fingerprint analysis, documentation, and comparison. IDEMIA STORM ABIS supports national and local searches with the help of tools for analysis, comparison, and case management that allows fingerprint examiners to efficiently and effectively complete examinations from any place.
• In July 2021, Fingerprint Cards collaborated with a Tokyo-based Company named MoriX Co. Ltd to launch and develop biometric payment cards in Japan. This collaboration would bring Japanese consumers a more secure, safe, and easy payment experience.
• In May 2022, Fingerprint Cards collaborated with Transcorp and Mswipe to bring contactless biometric payment cards to India. This payment card range would add convenience and easy payments for merchants and consumers in the region.

Conclusion

The Global Fingerprint Sensor Market is forecasted to continue moderate growth, which is primarily driven by the rising adoption of biometric fingerprint Sensors for accurate identification, faster access, and higher security. The market size is estimated to be US$ 5 Bn in 2022 and is expected to reach US$ 9 Bn by 2028 growing with a CAGR of 10%. North America is the dominant region in terms of revenue generation; however, the Asia Pacific region is expected to grow at a higher pace. Though the market is highly competitive with ~300 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 the report delivered within a maximum of two working weeks.

Ken Research has recently published report titled, Global Fingerprint Sensor Market Size, Segments, Outlook, and Revenue Forecast 2022-2028, Market is segmented by type, application, end-user industries, and geography. In addition, the report also covers the market size for each of the four regions of the Global Fingerprint Market. The revenue used to size and forecast the market for each segment is US$ Billion.

Market Taxonomy

By Type

• Optical
• Capacitive
• Thermal
• Ultrasonic

By Application

• Smartphones/Tablets
• Laptops
• Smartcards
• IoTs
• Others

By End-User Industries

• Consumer Electronics
• Travel and Immigration
• Government and Law Enforcement
• Military
• Others

By Region

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

Key Players

• Fingerprint Cards AB
• Egis Technology.
• Vkansee Technology Inc.
• Synaptics
• Apple Inc.
• CMOS Sensor Inc
• Goodix
• Touch Biometrix
• Q Technology
• Thales
• Idemia
• Qualcomm Technologies, Inc

The Quick Commerce Market of Saudi Arabia is expected to witness a surge by 2026F, demand for quick deliveries & greater transparency will positively affect the Market: Ken Research

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1.  KSA Quick Commerce Market is currently at a nascent stage with ~15-20 players & has witnessed significant competition in terms of emergence of various companies.

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With a CAGR of 64.1% in the period between 2018-2021, the quick commerce market as seen in KSA is currently at a growing stage. The market is moderately fragmented with presence of a few major brands dominating the market. Moreover, the city of Riyadh is a major contributor with more than 50% of the overall on-demand logistics order coming from the same.

2.  The Central region with Riyadh as the major Hub generated on-demand grocery delivery orders of around 2.7 Million in 2021.

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• Riyadh & Jeddah are key hubs of the e-grocery segment in the country.
• The central region represents the largest market with large middle & upper class & there are plenty of consumers with discretionary budgets available for a wide assortment of products.
• Increased Internet penetration rate, quick access to smartphones, some of the prime factors responsible for large number of orders in these regions.

3.  KSA’s On-Demand Grocery delivery market is expected to grow at a CAGR of 92.5% during 2021-2026F

• The number of orders are expected to rise to 808.4 million in 2026F, attributing to internet penetration across rural & urban areas.
• Upgradation in technology such as GPS monitored robots, drones, inbuilt RFID, GPS & Telematics will be used for tracking inventory.
• Simplified e-banking systems, improved logistics & changing lifestyles are also responsible for the growth in this sector.

Global Soy-Based Market is expected to reach a market size of ~US$ 55 billion by 2028: Ken Research

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According to Ken Research Analysis, the Global Soy-Based Food Market was valued at ~US$ 20 billion in 2017. Furthermore, owing to the growing consumer demand for health-centric food products to maintain healthy eating habits, it is estimated to be ~US$ 30 billion in 2022 and is expected to reach a market size of ~US$ 55 billion by 2028 growing with a CAGR of ~10% during 2022 to 2028.

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Key Growth Drivers

• The increasing popularity of lactose-free products among individuals is anticipated to boost the soy-based food market growth in the forthcoming years.
• Consumers shifting preferences toward a vegan diet due to rising awareness regarding the health benefits associated is one of the major trends that help in the shaping of the soy-based food market.
• Lack of individuals’ awareness regarding plant-based food products, and limited availability of raw materials are some of the challenges faced by the soy-based food market. Furthermore, rising consumer concerns regarding the negative health implications of consuming ferments soy-based beverages may impede its growth.
• The ongoing COVID-19 pandemic has changed consumers' purchasing preferences/behavior due to lockdowns imposed by various governments across countries, allowing people to stockpile products that last for a longer period of time, including plant-based food products. Furthermore, people who have been affected by the virus have become more health conscious, which has fueled the demand for natural and organic products, resulting in an increase in demand for plant-based food, including soy and organic products.

Key Trends by Market Segment

By Type: The Meat Substitute segment held the largest share of the Global Soy-Based Food Market in 2021.

• The growth is mainly driven by the rising individuals’ environmental concerns which are positively influencing an increase in the adoption of meat substitutes, such as tempeh, tofu, and textured vegetable protein as they typically use less land, water, and emit lower carbon emissions which helps in mitigating the effects of global warming and improve the air quality.
• According to Food and Agriculture Organization (FAO), a specialized agency of the United Nations that leads the right policies and programs to defeat hunger and improve nutrition and food security, livestock accounts for nearly 15% of global greenhouse gas emissions.

By Application: The Dairy Alternatives segment held the largest market share of the Global soy-based food Market in 2021, owing to the inclusion of antioxidative properties in soy milk, which protect the body's cells.

• The presence of omega-3 fats, essential polyunsaturated fats in soy foods are associated with a lower risk of cardiovascular disease (CVD), influencing people, particularly those suffering from CVD, to choose them.
• In June 2021, according to the World Health Organization (WHO), a United Nations specialized agency responsible for global public health, cardiovascular diseases (CVDs) are the world's leading cause of death. In 2019, an estimated 17.9 million individuals died from CVDs, accounting for 32% of all global deaths. Heart attacks and strokes were responsible for 85% of such deaths.

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By Distribution Channel: The Supermarket/Hypermarket segment held the largest share of the Global soy-based food Market in 2021.

• The growth is mainly attributed to the easy availability of food products along with the large variety of flavors and brands under one roof, which assists customers in selecting the appropriate product.
• Supermarkets/hypermarkets generally offer lower or discounted prices to customers as they purchase larger quantities of goods, which dramatically increases its sales volume.

By Geography: Asia Pacific accounted for the largest market share in the global soy-based food market in 2021.

• The growth is mainly attributed to the rising trend of veganism among individuals, especially the young generation, who seem to be more invested in health consciousness.
• The rising government initiatives regarding the reduction of meat consumption across Asian countries, notably in China, India, Japan, and South Korea, to reduce greenhouse gas emissions, deforestation, and soil degradation is a significant contributor to rising demand for plant-based food products, including soy-based food products.
• In August 2022, South Korea’s government imposed new guidance under their National Plan 2022 to include cultivated meat regulatory approval guidance and no regulatory framework to approve alt-protein products for sale in South Korea.
  • In January 2022, China's Ministry of Agriculture and Rural Affairs released its official five-year agricultural plan, with the aim to promote cultivated meat alternatives, such as tempeh which could reduce greenhouse gas emissions from livestock production (or meat imports) while ensuring food security.

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Competitive Landscape

The Global Soy-Based Food Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology to enhance the taste, and texture of products. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Country-Niche players constitute about ~50% of the total competitors, while regional players represent a share of ~35%. Some of the major players in the market include ADM, Danone S.A., Eden Foods, Pacific Foods of Oregon, Llc., The Sahmyook Foods, Nordic Soya Oy, Cargill, Incorporated, The Hain Celestial Group, Blue Diamond Growers, Miracle Soybean Food International Corp., and among others.

Recent Developments Related to Major Players and Organizations

• In August 2022, the Archer-Daniels-Midland Company (ADM), a U.S.-based food processing company, partnered with Benson Hill, a U.S.-based food tech company, to commercialize ultra-high protein (UHP) soybeans to use in ingredients for plant-based food and beverages across North America by early 2023.
• In May 2022, Cargill, a U.S.-based food corporation, announced its plans to construct new soybean processing plants in Southeast Missouri to meet rising domestic and global demand for oilseeds prompted by food, feed, and fuel markets. The facility will have an annual production capacity of 62 million bushels of soybeans.

Conclusion

The global soy-based food market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the expansion of radiography systems is the rising prevalence of lactose intolerance and the increasing adoption of veganism across countries. Though the market is highly competitive with around ~200 participants, few 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 report delivered within maximum 2 working weeks.

Ken Research has recently published report titled, “Global Soy-Based Market Size, Segments, Outlook, and Revenue Forecast 2022-2028” market is segmented by product type, distribution channel, and application. In addition, the report also covers market size and forecasts for the four major regions' Soy-Based Food Markets. The revenue used to size and forecast the market for each segment is US$ billion.

Market Taxonomy

By Product Type

• Meat Substitutes
• Non-Dairy Ice Cream
• Non-Dairy Cheese
• Non-Dairy Yoghurt
• Non-Dairy Spread

By Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Online Retail Stores

By Application

• Dairy Alternatives
• Meat Alternatives
• Bakery and Confectionary
• Functional Foods
• Infant Foods
• Others

By Geography

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

Key Players

• ADM
• Danone S.A.
• Eden Foods
• Pacific Foods Of Oregon, Llc.
• The Sahmyook Foods
• Nordic Soya Oy
• Cargill, Incorporated
• The Hain Celestial Group
• Blue Diamond Growers
• Miracle Soybean Food International Corp.