Camera Module Market Key Players Analysis, Opportunity and Industry Expansion Strategies till 2022

April 28, 2021: Global Camera Module Market is estimated to reach USD 61.78 billion by 2022 owing to the increase in demand for smartphones, tablets, digital cameras and PC devices. A camera module is an image sensor with integrated control electronics, lens and an interface like Camera Serial Interface (CSI), Ethernet or plain raw low-voltage differential signaling. It provides functions for clicking photos with the help of electronic devices like smartphones and tablets. The lens module and image sensors are the main components of a camera module.

The image sensor is an electronic photosensitive device which converts optical image into an electronic signal. It comprises millions of photodiodes and acts as an image receiver in digital imaging device. The worldwide technological proliferation is due to increase in demand for different electronic devices is expected to grow camera module market with a CAGR of 16.2% in the forecast period.

Camera module industry is majorly driven by the increase in demand for consumer electronics followed by the growing market of advanced driver assistance system in automobiles. Advanced driver assistance systems (ADAS) provide safety features like parking assistance, collision avoidance, and lane-departure warning.

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Another factor responsible for the growth of camera module market is the machine vision technology which helps in positioning, measurement, identification, verification and in-flaw detection in numerous industries. The growing trend of selfie has propelled the market players to integrate cameras in most consumer electronics. Also, the installation of security cameras in residential and commercial areas is predicted to boost the market in future.

To improve the camera quality and enable visibility conditions at night, the market players are offering Night Vision cameras. These cameras provide wide-angle view under limited visibility conditions to the user. The latest innovation by a key player, Autoliv offered Night Vision which is embedded with infrared technology and helps to analyze and capture images irrespective of the vehicle’s motion. It detects pedestrians accurately as compared to the traditional cameras and headlights. The advent of night vision camera is hence another key factor that impacts the growth of camera module industry positively.

The 3D image sensors for indoor navigation, advancement in image storing and expansion of 4K pixel technology are the upcoming opportunities for the market. The leading market players are innovating new products and using 3D imaging technology for boosting the market significantly.

However, higher cost and heavy maintenance of camera module is predicted to obstruct the growth of the market in the years to come. The leading market players like Apple, Samsung and LG are speedily expanding their smartphone segment since the mobile imaging in these devices is extensively attracting end-users.

Camera module market is categorized on the basis of technology, application, and geography. On the basis of technology, the market is divided into CMOS camera module and CCD camera module. CMOS module camera is predicted to grow significantly in the coming years due to its advantages over CCD camera module like faster frame rate, low power consumption, easy manufacturing, and low price.

Based on application, camera module industry is divided into smartphone, tablet and PC devices, automotive, medical, industrial & security, and defense & space. The demand for consumer electronics like smartphones, tablets and PC devices is growing explosively as compared to other application areas. Geographically, the market is segmented as North America, Europe, Asia Pacific, and RoW. Asia Pacific is predicted to dominate the market owing to the growing population demanding consumer electronics.

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The key players in camera module industry are LG Electronics Inc., Cowell e Holdings Inc., Foxconn Electronics Inc., Chicony Electronics Co. Ltd., Sharp Corporation, Lite-On Technology Corporation, Partron Co. Ltd., Sunny Optical Technology (Group) Company Limited, Toshiba Corporation, and Samsung Electro-Mechanics Co. Ltd.

Market Segment:

Technology Outlook (Volume, Million Units & Revenue, USD Million; 2012 - 2022)

    • CMOS

    • CCD

Application Outlook (Volume, Million Units & Revenue, USD Million; 2012 - 2022)

    • Medical

    • Smartphone & tablet PC

    • Automotive

    • Defense & space

    • Industrial & security

    • Consumer electronics

Regional Outlook (Volume, Million Units & Revenue, USD Million; 2012 - 2022)

    • North America

    • Europe

    • Asia Pacific

    • RoW

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Transplantation Market Challenges, Opportunities, Trends And Top Key Players till 2025

April 27, 2021:The global Transplantation Market is estimated to touch US$ 51.0 billion by the completion of the prediction period. The market was appreciated by US$ 23.5 Billion in the year 2016. Increasing demand for original fleshy tissue transplantation merchandises and body part transplantation for the treatment of organ disaster is a most important aspect backing in the direction of development of the market. The Transplantation market expected to develop at a CAGR of 9.1% for the duration of the prediction.

Ingestion of alcohol, misuse of medication, absence of keeping fit, and unnatural nutritional lifestyles are more or less most important reasons of organ disaster. Therefore, demand for transplantation merchandises likely to increase in the nearby future. The Transplantation industry on the source of Type of End Use Transplant centers, Hospitals, and Others. The subdivision of Hospitals detained the major stake of the market in the year 2016. Big number of organ and tissue transplant processes directed at hospitals such as they are most important action centers. Furthermore, arrival of hospitals by way of technologically advanced substructure additionally anticipated to trigger the progress of the market. Mainstream of these hospitals have admission to distinct records to check for obtainability of organs helping in speedy medicinal involvement.

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The Transplantation market on the source of Type of Application could span Tissue transplantation, Organ transplantation. The subdivision of Tissue transplantation was the biggest income-earning subdivision of the general market in the year 2016. This was because of replacement of veins, tendons, bones, skin, nerves, heart valves and cornea. These were maximum regularly done processes all over the world.

The increasing amount of burn and misfortune circumstances estimated to boost the demand for tissue products. As stated by CDC, in the year 2013, nearby 28.1 million people go to disaster department owing to accidental wounds. The Transplantation industry on the source of Type of Product could span Preservation solutions, Tissue products, Immunosuppressive drugs. The most significant products utilized for the transplantation of organ or tissue are tissue products, resistant suppressants, and protection solutions. The subdivision of tissue products was the maximum income making subdivision in the year 2016. The growing sum of transplantation processes for instance that of orthopedic soft tissues, heart valves, Cochlear and bone marrow is accrediting to the progress of the subdivision.

The Transplantation market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S., Canada], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil, Mexico], Middle East & Africa [South Africa].

By the source of geography, North America led the Transplantation industry in the year 2016. It is estimated to continue with its supremacy during the course of prediction period. Strong amenities of healthcare and existence of numerous native big therapeutic and biotechnology equipment businesses, for example Stryker, Medtronic, Arthrex, Inc., Novartis AG, and Zimmer Biomet is assisting the development of the market.

The difference amid demand and source of organs, comprising heart, kidney, and liver for transplantation has augmented in the preceding period. On the other hand, administrations and NGOs of a number of republics are taking inventiveness to inspire public to contribute the organs and save lives. New-fangled strategies and instructions for organ contribution mark the contribution procedure additional clear as crystal and relaxed. In 2013, the Australian Government directed drive on nationwide improvement to upsurge organ contribution and transplant. This headed to an upsurge in the sum of organ contributions from the preceding time.

The market in the Asia Pacific is expected to develop by the maximum proportion for the duration of the prediction, due to the increasing investigation on stem cells to improve invitro soft tissue and organs along with increasing healthcare substructure in Asian nations for example Indonesia, Thailand, Philippines, and India.

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The statement revises Trades in terms of intake of Transplantation in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are Veloxis Pharmaceuticals, BioLifeSolutions, Inc., Stryker, Medtronic, Arthrex, Inc., Teva Pharmaceuticals, 21st Century Medicine, Novartis AG, Zimmer Biomet, and AbbVie, Inc.

Market Segment:

Product Outlook (Revenue, USD Billion; 2014 - 2025)

    • Tissue products

    • Immunosuppressive drugs

    • Preservation solutions

Application Outlook (Revenue, USD Billion; 2014 - 2025)

    • Organ transplantation

    • Tissue transplantation

End-Use Outlook (Revenue, USD Billion; 2014 - 2025)

    • Hospitals

    • Transplant centers

    • Others

Regional Outlook (Revenue, USD Billion; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Brazil

        • Mexico

    • MEA

        • South Africa

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Thermochromic Materials Market Segments, Growth and Forecast Analysis Report till 2025

April 27, 2021: The global Thermochromic Materials Market is estimated to touch US$ 7.31 billion by the completion of the prediction period. The market was appreciated at US$ 4.77 billion in the year 2016. The rising demand for inventive merchandises by way of color exchanging capacities and Temperature centered, for serviceable applications or entertaining has backed considerably to the progress of the market in the modern ages.

The materials with temperature sensitive ability presently used in the form of polymers, coatings, inks and paper sheets to create everyday merchandises. It offers implicity of entrance, suitability and enjoyment to customers. Brown ribbon thermometer is some such exclusive illustration of printed liquid crystals that alternates color, headed for, efficiently specify extreme body temperature for the duration of surgical procedure. The market estimated to develop at a substantial CAGR for the duration of the prediction.

The Thermochromic Materials market on the source of Type of Application could span Thermometers, Papers, Colors, Foodstuff class pointers, and others. The subdivision of Colors was responsible for 41.0% stake of the general Thermochromic business incomes in the year 2016. It was motivated by their greater adaptability and better-quality presentation features. These colors regularly utilized in inks and paints. These are functional onto substrates to manufacture end user merchandises. Progress of exceptional colors by way of superior shade and inferior prices likely to increase the market of subdivision of colors for the duration of the prediction.

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The Thermochromic Materials market on the source of Type of Product could span Irreversible, Reversible. The Reversible type of materials were responsible for 37.2% stake of the general income in the year 2016. This changeover of the material on a scheduled temperature verge, that renders them perfect for sensual uses. These devices help in recognizing the threats of high temperature. Therefore, the demand for reversible materials in devices is greater in baby merchandises and chemical vessels. Irreversible inks alteration from an undetectable, neutral phase to a long-lasting color palette as soon as heated. This irreversible property employed to manufacture fabrics, flexographic displays, and additional merchandises. Greater demand for exceptional clothing, customizable by means of negligible exertion, estimated to motivate the demand for the irreversible colors and additional materials in the market of clothing.

The Thermochromic Materials market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Central & South America [Brazil], Middle East & Africa.

By the source of geography, the demand for the materials, from the area of North America motivated by the growing demand for Thermochromic colors, in the U.S.A, for printing. The practice of these colorants in inks for screen-printing and flexographic offset lithography is likely to be important features for the progress of the market in the area.

Asia Pacific is likely to be the speedily developing region by means of income above the period of prediction. The growing usage of Thermochromic colors in the fabric manufacturing and the production of novelty merchandises, together with the greater demand for the materials in the automobile manufacturing in Japan, estimated to be the important phases for the progress of the market in the area.

The demand for Thermochromic foodstuff class pointers in the nations of Europe is likely to motivate the progress of the market for Thermochromic materials in the area. The demand for these pointers to define the excellence of iced up meat and dairy merchandises estimated to be the features backing the demand for foodstuff class pointers in the area.

The statement revises Trades in terms of intake of Thermochromic Materials in the market; particularly in North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international basis are LCR Hallcrest, Olikrom, New Color Chemical Co., Hali Industrial Co. Ltd., and QCR Solutions.

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Market Segment:

Thermochromic Materials Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Reversible

    • Irreversible

Thermochromic Materials Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Food quality indicators

    • Papers

    • Pigments

    • Thermometers

    • Others

Thermochromic Materials Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

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Marketing Automation Software Market Challenges, Opportunities, Trends And Top Key Players till 2025

April 27, 2021: Global Marketing Automation Software Market is expected to reach USD 7.63 billion by 2025. Marketing automation is termed as a software that exists with the aim of automating marketing actions. It is a place for dealers to manage several marketing communications to advance a buyers propensity to purchase and rise alignment between marketing and sales. Platforms like HubSpot, Eloqua, and Marketo give dealers the capacity to produce, nurture, score, and qualify leads, and drive multi touch marketing communications. The Marketing Automation Software Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

High demand to integrate marketing efforts, rising demand for digital marketing, growing acceptance of automation tools in the retail sector are documented as major factors of Marketing Automation Software Market that are estimated to enhance the growth in the years to come. Marketing Automation Software industry is segmented based on deployment model, vertical, end users, application, and region.

Cloud and on-premise are the deployment model that could be explored in Marketing Automation Software in the forecast period. Cloud sector accounted for the substantial market share of Marketing Automation Software and is estimated to lead the overall market in the coming years. Retail, academic and education, media and entertainment, advertising and design, manufacturing and distribution, BFSI, healthcare, and other verticals could be explored in Marketing Automation Software in the forecast period.

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The market may be categorized based on end users like large enterprises, SMBS, and others that could be explored in the forecast period. The market may be categorized based on applications like social media marketing, campaign management, reporting and analytics, e-mail marketing, lead nurturing and lead scoring, mobile application, inbound marketing, and others.

Globally, North America accounted for the substantial market share of Marketing Automation Software and is estimated to lead the overall market in the coming years. the reason behind the overall market growth could be high demand for data integration services, growing number of internet & mobile users, expansion of 4G network, increasing adoption rate of cloud computing, and rising demand for SaaS cloud services. Also, presence of key manufacturers like IT firms and increasing awareness regarding cloud computing are another factors driving overall market in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise government initiative and favoring policy, obtainability of skilled personnel, increasing number of outsourced projects, and increasing investments. The market is estimated to grow at fastest pace in the countries like South Korea, China, and India in the coming years.

The key players of Marketing Automation Software Market Are Pardot, Adobe Systems Inc., Marketo, Sales Force, HubSpot, IBM Corporation, Oracle, and Salesforce.com. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Solution Outlook (Revenue, USD Million; 2014 - 2025)

    • Campaign Management

    • Email Marketing

    • Inbound Marketing

    • Mobile Applications

    • Lead Management

    • Reporting & Analytics

    • Social Media Marketing

    • Others

Enterprise Size Outlook (Revenue, USD Million; 2014 - 2025)

    • Large Enterprises

    • SME

Deployment Outlook (Revenue, USD Million; 2014 - 2025)

    • On-premise

    • Cloud

Application Outlook (Revenue, USD Million, 2014 - 2025)

    • BFSI

    • Retail

    • Healthcare

    • Telecom & IT

    • Discrete Manufacturing

    • Government & Education

    • Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • UK

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

    • South America

        • Brazil

    • Middle East & Africa

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Electric DC Motors Market Segments, Growth and Forecast Report till 2025

April 26, 2021: Global Electric DC Motors Market is predicted to reach USD 34.25 billion by 2025 owing to the extensive use of electric motors in machines, electric cars, compressors, domestic appliances, etc. A DC motor is an electric motor that operates on DC (direct current) power and whose operation is based on electromagnetism.

The current carrying conductor generates a magnetic field that is positioned in the external magnetic field. Electronic DC motor is a device that converts electrical energy to mechanical energy. The current carrying conductor is positioned on a magnetic field that stimulates a force causing the mechanical device to rotate.

Major characteristics of electric DC motor like low maintenance, long operating life and low energy consumption are expected to stimulate the demand of electric DC motors. Owing to these features along with higher efficiency, electric DC motors market is expected to grow at a CAGR of 6.1% in the coming years.

The increase in automobile production and number of motors per car are altogether projected to boost the market in the years to come. Electric DC motors industry is also driven by the increasing manufacturing and purchasing activities in the industry worldwide. Improving living standards and rising income levels are estimated to spur the production of electronic appliances and motor vehicles. The increase in popularity of automobile features like adjustable mirrors, sunroof systems, motorized seats are driving the demand for electric DC motors.

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The mounting fuel prices and rising need among consumers for using cleaner energy have stimulated the demand for electric motors in the past years. The use of DC type, as an essential of electric motors is predicted to fuel the electric DC motors industry in the forecast period. The automobile industries are making huge investments to cater to strict pollution standards due to which the market is predicted to grow exponentially.

The strict regulations concerning reduction of CO2 emissions is all set to impact the growth of electric DC motors market positively. The original equipment manufacturers (OEMs)are forced to reduce their fleet emissions that will bring challenge along with ICE optimization. Accomplishing these targets after some years will require electrification, which again encourages the demand for electric DC motors.

However, the supply chain and operational issues may give rise to challenges for the industry players. The issues may comprise difference in expectations of manufacturer & consumer regarding service quality and product delivery mismanagement. Probability of product failure because of overheating and low resistance is yet another restraint to the growth of the market.

Electric DC motors industry is categorized on the basis of type, voltage, end-use and geography. On the basis of type, the market is divided into Brushless DC Motor and Brushed DC Motor. In terms of Voltage, the market is classified into 3 kW - 75 kW, 750 Watts - 3 kW, 0 - 750 Watts, Above 75 kW. On the basis of End-Use, the market is divided into Motor Vehicles, Aerospace & Transportation, Household Appliances, Industrial Machinery, and HVAC Equipment.

Geographically, electric DC motors market is segmented as North America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to dominate market in future due to the continuous growth in agriculture sector and rapid industrialization in several regions.

The major participants in electric DC motors industry are ABB Ltd., Siemens AG, Nidec Corporation, Denso Corporation, General Electric Company, Allied Motion Technologies, Inc., Ametek, Inc., Arc System, Inc., Baldor Electric Company, Bosch Group, Emerson Electric Co., Hitachi Ltd., Johnson Electric Holdings Ltd., Regal Beloit Corporation, Rockwell Automation, Toshiba International Corporation, and WEG.

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Market Segment:

Electric DC Motors Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Brushed DC Motors

    • Brushless DC Motors

Electric DC Motors Voltage Outlook (Revenue, USD Million; 2014 - 2025)

    • 0 - 750 Watts

    • 750 Watts - 3 kW

    • 3 kW - 75 kW

    • Above 75 kW

Electric DC Motors End-Use Outlook (Revenue, USD Million; 2014 - 2025)

    • Industrial Machinery

    • Motor Vehicles

    • HVAC Equipment

    • Aerospace & Transportation

    • Household Appliances

    • Others

Electric DC Motors Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • UK

        • Germany

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

Get in touch

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Baking Ingredients Market Growth Drivers, Trends, Statistics and Forecast Report till 2025

April 26, 2021: The global baking ingredients market size is expected to value at USD 19.4 billion by 2025. The market is subject to witness a substantial growth due to the varying food preferences and increasing consumption of packaged and processed food. Additionally, factors such as growing need for longer shelf life of food product, and rising need for organic ingredients in the final baked product is anticipated to boost the market growth over the forecast period. Baking ingredients are considered as a vital part of baking industry. Globally, the baking ingredients market is predicted to grow at a CAGR of 5.8% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Baking ingredients like enzymes, additives, softening agents, and baking powders are increasingly utilized for the processing of baked goods similar to bread, patties, muffins, rolls, tartlets, and tarts. Growing demand for superior quality bakery products with the enhanced flavor, texture, taste and odor are estimated to complement the growth of the market in upcoming years. Additionally, increasing contribution from end-user sector involving bread, cookies, biscuits, muffins, rolls, tartlets and tarts are further expanding market reach of the baking ingredients industry.

The rise in end user’s inclination towards bakery products and increasing concern among general population for healthy dietary supplements is anticipated to drive the market demand during the forecast period. Recent developments in baking ingredients industry and introduction of innovative products are spurring the demand for bakery products in both developed and developing economies across the globe in near future.

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However, inflation, health consciousness among young population, and stringent laws & regulation regarding excessive use of artificial flavors are negatively affecting market growth, in the recent years. Yet, rapid urbanization and increasing per capita income in developing economies across the globe are leading to the rise in consumption of baked food.

Rise in production and large consumer base in developing countries is expected to propel the overall market growth. On-the-go food lifestyle and need for convenience food in developed economies is boosting the demand over the forecast period. Varying food patterns and rise in personal expenditure majorly in the developing economies are some of the key factors responsible for boosting the growth of the baking ingredients market in coming years.

Bread is considered as one of the fastest growing segment in the market with substantial revenue generation in the last couple of years. Growing consummation of bread is credited to high nutritional content and affordability to the price sensitive customers in the developing economies. Baking ingredients in the cakes & pastries segment has also witnessed significant growth owing to the increased consumption of snack items and availability of freezers in retail stores.

In addition, numerous initiatives and growing advertisement by industry players to include the bakery ingredients in the packaged food products and other applications are substantially contributing to the advancement of baking ingredients industry over the forecast period. Furthermore, major emphasis on the consummation of food products with high nutritional value by consumers in developed economies are propelling the growth of yeast ingredients market during the forecast period.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. European region has shown major growth in recent years owing to the changing food habits, increasing demand for demand for packaged and processed food, and existence of prominent industry players in the region.

Asia-Pacific region is predicted to hold major market share in the baking ingredients market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with shifting preference towards western style food, rise in per capita income and significant investment by leading industry players considering potential growth opportunities in the region.

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The key players in the baking ingredients industry are Flowers Foods Inc., Hostess Brands LLC, MckeeFoods Co., George Weston Limited, Grupo Bimbo, S.A.B. de C.V., Uniferm Co., Koninklijke DSM N.V, General Mills Inc., Swiss Bake Pvt. Ltd., and Associated British Foods Plc.

Market Segment:

Baking Ingredients End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Bread

    • Cookies & Biscuits

    • Cakes & Pastries

    • Rolls & Pies

    • Other

Baking Ingredients Product Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Emulsifiers

    • Leavening Agents

    • Enzymes

    • Baking Powder & Mixes

    • Oils, Fats, and Shortenings

    • Colors & Flavors

    • Starch

    • Others

Baking Ingredients Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

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Astaxanthin Market Segments, Growth and Forecast Analysis Report till 2025

April 26, 2021: Global Astaxanthin Market is anticipated to reach USD 2.57 billion by 2025. Astaxanthin is also known as “The king of the Carotenoids”. It is a member of xanthophyll family of carotenoids. It is mainly found in marine animals and plants. In “Pacific sockeye salmon” the highest concentration of Astaxanthin is found. Algae, krill, lobster, crab, shrimp, and red trout also contain Astaxanthin. From Haematococcus Pluviailis (HP) commercial production astaxanthin is mainly obtained.

The factors that propel the growth of the Astaxanthin industry include customers fluctuating preferences toward nutraceutical & healthcare products, increasing demand for cosmetic products, increase in aged population, and shifting trend of consumers toward wholesome &healthy diets. On the other hand, there are factors that may hamper the growth of the market including lack of develop technology resulting in high production price, and lower raw material accessibility. Astaxanthin Market is anticipated to grow at a significant CAGR of 18.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Astaxanthin industry may be explored by form, application, source, method of production, and geography. The market may be explored by Form as Liquid, and Dry. The key applications that could be explored in the market include Cosmetics, Feed, Food, and Supplement. The “Animal Feed” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 owing to its widespread use as a constituent in feed, particularly aquafeed, increasing demand, and increasing government support.

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The market could be explored based on source as Yeast & Microbes, Plants, Petroleum, and Marine. The “Petroleum” segment led the Astaxanthin Market in 2016 and is anticipated to maintain its dominance by 2025 owing to lesser cost of astaxanthin derived from petroleum as compared to the natural sources such as microbes and plants.

Astaxanthin industry may be analyzed by Method Of Production as Chemical synthesis, Microalgae cultivation, Extraction, and Fermentation. The “Microalgae Cultivation” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to approval on food protection for human consumption, and high concentration of astaxanthin found in microalgae.

North America accounted for the major share of the Astaxanthin Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing base of health-conscious populace, governance is local presence of key manufacturers, and booming nutraceutical manufacturing industry.

Some of the key players that fuel the growth of the Astaxanthin industry comprise BASF SE, BGG (Beijing Ginko Group), Algatechnologies Ltd., Parry Nutraceuticals, IGENE, Supreme Biotechnologies NZ Ltd, Cyanotech Corporation, DSM NV, FenchemBiotek Ltd, Yunnan Alphy Biotech Co., LTD., and others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/astaxanthin-market

Market Segment:

Astaxanthin Source Technology Outlook (Revenue, USD Million, 2014 - 2025)

    • Natural production

        • Microalgae

        • Yeast

        • Krill/ shrimp

    • Synthetic production

Astaxanthin Type of Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Dried algae meal/biomass

    • Oil

    • Softgel

    • Liquid

    • Others

Astaxanthin Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Dietary supplement/ nutraceuticals

    • Cosmetics

    • Animal feed and aquaculture

    • Others

Astaxanthin Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • UK

        • Germany

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

        • South Africa

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