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Global Chicken Industry is expected to grow with a CAGR of nearly 5.45% from 2022 to 2028 | Renub Research

Renub Research has recently released a report titled “Global Chicken Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” providing a detailed analysis of the industry that includes market share insights.The report also includes competitor and regional analysis, and contemporary advancements in the market. Global Chicken Industry is expected to grow with a CAGR of nearly 5.45% from 2022 to 2028. Chicken meat offers a range of nutritional benefits that make it a popular choice among consumers worldwide.

Chicken meat is indeed a popular and widely consumed type of meat across the world, largely due to its affordable price, taste, and nutritional benefits. Both dark and white meat chicken contain essential nutrients such as vitamin B12, choline, and tryptophan, which are vital for various functions in the body. As the global economy expands, more individuals are able to include meat in their diets, and chicken is frequently the most economical and readily available choice. The rising popularity of fast-food and quick-service restaurants that offer chicken-based dishes has also played a part in the trend’s growth.

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The chicken market has experienced significant growth and globalization in recent years, driven by strong demand from consumers across countries of all income levels. Many countries, including China, Brazil, the European Union, Russia, Mexico, Thailand, Argentina, Turkey, Columbia, and the United States, have seen year-on-year increases in chicken production.

The largest producers of chicken meat are expected to see substantial gains, with the United States, Brazil, and China being the top three countries in terms of growth. These countries have invested heavily in modern production facilities, advanced breeding techniques, and improved processing technologies, allowing them to increase production efficiency and meet growing demand.

The on-trade channel has experienced a rise in sales of poultry meat, with frozen meat accounting for a substantial portion of the overall poultry meat market. The increasing popularity of hotdogs and salami, as well as the longer shelf-life of frozen meat, are projected to contribute to the continued growth of this market segment. Canned meat is also expected to see growth, with a significant share of its usage in daily meals.

Japan relies heavily on food imports, including chicken meat, which is mostly sourced from Brazil. The affordable Brazilian chicken meat is commonly used by budget-friendly restaurant chains in Japan. The Tussi cooperative association has started exporting chicken to Japan, which became their biggest export destination until 2020, when China surpassed Japan as their largest importer of chicken.

The Brazilian Association for Animal Protein (ABPA) predicts that broiler exports from Brazil may achieve a new record in 2022, with a projected increase of 5% compared to 2021 when the country exported 4.6 million tons of chicken meat. The United Arab Emirates emerged as the second-largest destination for Brazilian chicken meat, following China, with Japan closely behind. In addition, the European Union, the United Kingdom, and Saudi Arabia are expected to become new destinations for Brazilian chicken meat.

Some of the major players currently competing in the global chicken meat market include Tyson Foods, Inc., JBS S.A., Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, W.H. Group, Hormel Foods Corporation, and Muyuan Foods.

Market Summary:

Production- the Report Covers Global Chicken Meat Market by production in 12 viewpoints (United States, Brazil, China, European Union, Russia, Mexico, Thailand, Turkey, Argentina, Columbia, Peru, and Others).
Consumption- By Consumption, the Global Chicken Meat Market breakup up into 12 viewpoints (United States, China, Brazil, European Union, Russia, Mexico, Japan, Thailand, United Kingdom, Argentina, Columbia, and Others).
Export- Renub Research report covers export from 12 viewpoints (Brazil, United States, European Union, Thailand, China, Turkey, United Kingdom, Ukraine, Argentina, Belarus, Russia, and Others).
Import- Based on Import, the Renub Research Report breakup up into 12 viewpoints (Japan, Mexico, United Kingdom, European Union, Saudi Arabia, Iraq, China, Philippines, UAE, South Africa, United States, and Others).
Key Players- All the major players have been covered from 3 Viewpoints (Overview, Recent Developments, and Sales Analysis) Tyson Foods, Inc., JBS S.A., Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, W.H. Group, Hormel Foods Corporation, and Muyuan Foods.

Global Chicken Producing Countries:

1. United States

2. Brazil

3. China

4. European Union

5. Russia

6. Mexico

7. Thailand

8. Turkey

9. Argentina

10. Columbia

11. Peru

12. Others

Global Chicken Exporting Countries:

1. Brazil

2. United States

3. European Union

4. Thailand

5. China

6. Turkey

7. United Kingdom

8. Ukraine

9. Argentina

10. Belarus

11. Russia

12. Others

Companies Covered

1. Tyson Foods, Inc.

2. JBS S.A.

3. Pilgrim’s Pride Corporation

4. Danish Crown Group

5. Vion Food Group

6. W.H. Group

7. Hormel Foods Corporation

8. Muyuan Foods

Tap to continue..

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consult ing. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Meal Kit Market will grow at a double-digit CAGR of 14.50% from 2022 to 2028 | Renub Research

According to Renub Research, Global Meal Kit Market Value will around US$ 29.63 Billion by 2028. Meal kits provide a convenient option for people to cook at home without spending time planning meals or going grocery shopping. These kits are delivered directly to the customer’s doorstep, making cooking at home more accessible to individuals with busy schedules. Although meal kits may seem initially expensive, they can be a more financially viable option in the long term. Since the kits come with pre-portioned ingredients, preventing overbuying and food waste, meal kits can also be cheaper than eating out or ordering takeout regularly.

Meal kits often come with pre-portioned ingredients, which mean less food waste. Additionally, many meal kit companies prioritize sustainable and environment friendly practices, such as using recyclable packaging and sourcing ingredients from local and organic farms. Meal kit services offer various recipes, often including international and specialty dishes that may be difficult to find at a local grocery store. This variety appeals to people looking to expand their cooking skills and try new things.

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Online Platforms are popular due to their Flexibility and Affordability

Online meal kit services offer a convenient, customizable, and flexible way to deliver high-quality meals directly to customers’ doors. They cater to various dietary needs, provide multiple recipes, and can be a cost-effective alternative to dining out or ordering takeout. Additionally, many online meals kit services prioritize sustainable and environment friendly practices, which can appeal to environmentally conscious customers. According to the report “Meal Kit Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” Worldwide Meal Kit for 2022 was 13.15 Billion.

Cook-and-eat Meal Kits have Hegemony in the Industry

Cook-and-eat meal kits provide a hassle-free way for people to prepare tasty meals at home, with pre-measured ingredients and simple recipes that are easy to follow, even for novice cooks. These kits offer various recipes, including international and specialty dishes, catering to those who wish to expand their culinary skills. In addition, cooking with these meal kits can be a fun and engaging social activity, creating lasting memories with family and friends. Notably, the pandemic has further increased the popularity of cooking at home, with 72% of meal occasions now taking place at home compared to 60% pre-pandemic, according to Bain and Company.

Vegetarian products are Gaining Popularity due to rise in the Vegan Population

Plant-based diets offer health benefits, leading to a rise in veganism from 5% in 2018 to 10% of Americans over 18 in 2022, as per an online forum- Alliance for science. Furthermore, vegetarian meal kits are a convenient way to incorporate more plant-based meals into diets and offer a wide variety of international and specialty dishes. Additionally, some people choose vegetarian diets for ethical reasons related to animal welfare. Finally, the lower carbon footprint of plant-based diets and the convenience of vegetarian meal kits further support their popularity.

Many market players in North America are positively influencing the market

Consumers buy these kits in the region since they save time and effort. The product has evolved into a cheaper, healthier substitute for pre-cooked meal products offered by restaurants, delivery services, and retail outlets. During the COVID-19 epidemic, businesses like Blue Apron and Sun Basket have seen an essential spike in product demand as customers believe it is safer to eat home-cooked meals.

Also, e-commerce and online ordering have made meal kits more accessible to customers. For instance, In March 2022, Fantuan Delivery announced its plans to establish a base in Australia, starting with Sydney and Melbourne. The app, which offers Asian food delivery services, is reachable on both Android and iOS platforms.

Key Players Analysis

Some major companies in the market are Blue Apron Holdings, Good Food, HelloFresh, Marley Spoon Inc., Tyson Foods, Nestle, and Home Chef.

Renub Research report titled “Meal Kit Market” provides a complete analysis of the industry.

By Platform (Online, and Offline)
By Offering (Heat & Eat, Cook & Eat)
By Product (Vegetarian, Non-Vegetarian)
By Region (North America, Europe, Asia-Pacific, Latin America, and South East & Africa)
Company (Blue Apron Holdings, Good Food, HelloFresh, Marley Spoon Inc., Tyson Foods, Nestle, and Home Chef)

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

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Flavored Milk Market, Size, Share, Growth, Company Analysis ⅼ Forecast (2024 – 2030) ⅼ Renub Research

Renub Research predicts the flavored milk market will reach approximately US$ 83.63 billion by 2030. Flavored milk, which usually includes sugar, colors, and numerous flavorings, originates from cow, soy, almond, or camel milk. Cow milk is predominantly used for flavored milk manufacturing. Enriched with protein, vitamins, and minerals, flavored milk is favored for its flavor, especially among youngsters and young buyers. The market’s growth is driven by growing demand for natural, health-useful products and reputation from fitness groups regarding milk’s significance in kid’s and adults’ diets. Products inside the flavored milk market are labeled into chocolate, vanilla, strawberry, and other flavors.

The increasing demand for functional drinks is the number one driving factor in the flavored milk market. Consumers are gravitating towards convenient and nutritious beverage options, with flavored milk emerging as a desired preference. It is perceived as a healthier opportunity to carbonate smooth drinks and different sugary liquids, fueling market growth. Additionally, the market benefits from an expanded range of products, services, and flavors. Manufacturers have brought diverse milk flavors, which include chocolate, strawberry, and vanilla, to cater to diverse customer preferences. Focus on convenient and attractive packaging, specifically for younger demographics, and innovation in natural-flavored milk without artificial ingredients similarly boosts marketplace demand.

In 2023, the global flavored milk market reached US$ 51.47 billion, with a projected growth rate of 7.18% between 2024 and 2030. The virtual transformation has revolutionized consumer shopping behaviors, notably. E-trade platforms have emerged as dominant players inside the retail sector, imparting unparalleled comfort and a variety of products. These structures play important roles as distribution channels in the flavored milk market. Manufacturers are forming strategic alliances with e-commerce giants to enlarge their market presence, especially in regions with constrained traditional retail infrastructure. Moreover, digital structures function as direct channels for brand-consumer interaction, facilitating remarks series and introducing exclusive on-line services. This e-trade revolution ensures smooth entry to flavored milk products for consumers, resulting in increased sales and more advantageous logo visibility in an aggressive market panorama.

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Long-life flavored milk is positioned for significant growth in the global market.

Long-lasting flavored milk holds promising potential for growth in the global market. With consumers seeking convenient and shelf-stable beverage options, the demand for long-lasting flavored milk is rising. This product appeals to individuals looking for taste and convenience, making it a preferred choice among busy lifestyles. As manufacturers continue to innovate and introduce new flavors and packaging designs, long-lasting flavored milk is expected to gain traction worldwide. Its ability to offer extended shelf life without compromising taste or quality positions it as a key player in meeting the evolving needs of consumers in the beverage industry.

Chocolate-flavored milk is anticipated to remain popular in the flavored milk market.

Chocolate flavor aims to sustain its popularity in the flavored milk market. With its timeless appeal and widespread consumer preference, chocolate-flavored milk is a sought-after choice among consumers of all ages. Renowned for its rich and indulgent taste, chocolate-flavored milk offers a delightful beverage option that satisfies cravings while providing essential nutrients. Its versatility makes it a household staple and an attractive option in cafes and eateries. As manufacturers continue to innovate and introduce new variations, chocolate-flavored milk is poised to maintain its stronghold in the flavored milk market, catering to the ever-growing demand for delicious and nutritious beverages.

Powdered packages could witness rapid growth within the flavored milk market.

The powdered segment emerges as one of the fastest-growing segments in the global flavored milk market. With its convenient packaging and extended shelf life, powdered flavored milk offers consumers a versatile and easily accessible option. This segment’s rapid growth is fueled by changing consumer preferences and the increasing demand for on-the-go beverage solutions. Moreover, manufacturers’ emphasis on product innovation and flavor variety contributes to the segment’s expansion. As consumers seek convenient and flavorful beverage options, the powdered segment continues to gain traction, positioning itself as a key player in the evolving flavored milk market landscape.

Paper-based packaging stands as one of the most widely used options in the market.

Paper-based packaging ranks among the most prevalent packaging options in the flavored milk market. Renowned for its versatility and eco-friendliness, paper-based packaging offers manufacturers and consumers a sustainable solution. With its ability to preserve product freshness and ensure convenience, this packaging type meets the demands of both producers and environmentally conscious consumers. Its widespread usage underscores its effectiveness in meeting market needs while aligning with sustainability objectives. As the flavored milk market continues to evolve, paper-based packaging remains a staple choice, reflecting its enduring popularity and relevance in the packaging industry.

Supermarkets and hypermarkets are favored options within the market.

Supermarkets and hypermarkets emerge as favored destinations for consumers within the flavored milk market. Renowned for their wide product assortments and convenient shopping experiences, these retail outlets cater to diverse consumer preferences. Consumers can easily browse and select their preferred choices with aisles stocked with various flavored milk options. The convenience of one-stop shopping and competitive pricing further enhances the appeal of supermarkets and hypermarkets. Additionally, these establishments often feature promotional offers and discounts, attracting budget-conscious shoppers. Supermarkets and hypermarkets play a pivotal role in meeting consumer demand and driving sales growth in the flavored milk market.

The Asia-Pacific region is poised to dominate the flavored milk market.

The inclusion of countries like India is expected to contribute to the growth of the global flavored milk market. With its large population and increasing consumer demand for convenient and nutritious beverage options, India presents significant opportunities for market expansion. As flavored milk gains popularity as a preferred choice among consumers of all ages, the presence of emerging markets like India adds momentum to the market’s upward trajectory. With favorable demographic trends and evolving consumer preferences, India’s participation in the flavored milk market is anticipated to fuel its overall growth on a global scale.

Key Players

Leading global flavored milk market companies include Danone SA, Arla Foods, Saputo Inc., The Hershey Company, Fonterra Co-operative Group, Nestle S.A., Meiji Holdings Co. Ltd, and Amul Industries Pvt Ltd.

Type – Global Flavoured Milk Market breakup in 3 viewpoints:

1. Long-Life Flavoured Milk

2. Fresh Flavoured Milk

3. Other Flavoured Milk

Flavoured Type – Global Flavoured Milk Market breakup in 4 viewpoints:

1. Vanilla

2. Chocolate

3. Fruits

4. Others

Application – Global Flavoured Milk Market breakup in 4 viewpoints:

1. Powder

2. Premix

3. Fresh

4. Others

Packaging Type – Global Flavoured Milk Market breakup in 5 viewpoints:

1. Paper Based

2. Plastic Based

3. Glass Based

4. Metal Based

5. Others

Distribution Channel – Global Flavoured Milk Market breakup in 4 viewpoints:

1. Supermarkets and Hypermarkets

2. Specialty Stores

3. Convenience Stores

4. Others

Countries – Global Flavoured Milk Market breakup in 25 viewpoints:

1. North America

1.1 United States

1.2 Canada

2. Europe

2.1 France

2.2 Germany

2.3 Italy

2.4 Spain

2.5 United Kingdom

2.6 Belgium

2.7 Netherland

2.8 Turkey

3. Asia Pacific

3.1 China

3.2 Japan

3.3 India

3.4 South Korea

3.5 Thailand

3.6 Malaysia

3.7 Indonesia

3.8 Australia

3.9 New Zealand

4. Latin America

4.1 Brazil

4.2 Mexico

4.3 Argentina

5. Middle East & Africa

5.1 Saudi Arabia

5.2 UAE

5.3 South Africa

All the Key players have been covered from 3 Viewpoints:

• Overview

• Recent Development

• Revenue Analysis

Company Analysis:

1. Danone SA.

2. Arla Foods

3. Saputo Inc.

4. The Hershey Company

5. Fonterra Co-operative Group

6. Nestle S.A.

7. Meiji Holdings Co. Ltd.

8. Amul Industries Pvt Ltd.

Browse Related Report:

United States Milk Powder Market: https://www.renub.com/united-states-milk-powder-market-p.php

Indonesia Milk Powder Market: https://www.renub.com/indonesia-milk-powder-market-p.php

Milk Chocolate Market: https://www.renub.com/milk-chocolate-market-p.php

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

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Web: www.renub.com

Saudi Arabia IVD Market Surpasses US$ 1.10 Billion, Set to Expand at 4.33% CAGR from 2024 to 2030 ⅼ Renub Research

According to Renub Research, the Saudi Arabia IVD Market is forecasted to reach approximately US$ 1.48 Billion by 2030. Saudi Arabia is poised to become the world’s fastest-growing major economy in 2022, surpassing other Middle Eastern countries and major emerging economies. In vitro diagnostics (IVD) play a crucial role in monitoring overall health. These tests involve examining samples such as blood or tissue, typically conducted in laboratory equipment like test tubes or Petri dishes. IVD serves as a non-invasive method for disease detection and prevention, usable in both healthcare facilities and home settings. Additionally, healthcare professionals utilize IVD for precision medicine to determine optimal treatment plans for patients.

According to Saudi Arabia’s General Authority of Statistics, the elderly makes up 4.2% of the total population and are projected to rise further. With this aging population, we anticipate a notable increase in chronic diseases in the coming years. Additionally, fueled by rising physical inactivity and unhealthy diets, the prevalence of lifestyle diseases is on the rise in the country. Saudi Arabia ranks among the highest globally in obesity rates, with approximately 36% of the population affected. Furthermore, hypertension affects about 29% of males and 24% of females in the country.

In 2023, the Saudi Arabia IVD market reached US$ 1.10 Billion and is forecasted to grow at a CAGR of 4.33% from 2024 to 2030. The increasing prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and infectious diseases serves as a significant driver for the Saudi Arabia in-vitro diagnostics market. With the country facing a rising burden of chronic illnesses, there is a growing demand for in-vitro diagnostic products to enable early and accurate disease diagnosis, thus stimulating market growth. For example, tuberculosis cases in Saudi Arabia increased by 5.1% in 2021, according to a report by the World Bank. Additionally, the International Diabetes Federation (IDF) predicts a rise in diabetes cases from 4.3 million in 2021 to 7.5 million by 2045 in Saudi Arabia, further fueling the demand for precise in-vitro diagnostic products and driving market expansion.

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Under the Vision 2030 strategy, the kingdom has introduced a comprehensive array of reforms, enhancing the business environment and various sectors, including healthcare. In 2021, Saudi Arabia allocated approximately 6.6% of its GDP to healthcare, a notable increase from the 3.7% reported a decade ago. This healthcare expenditure surpasses that of neighboring countries like the United Arab Emirates (UAE). To align with Vision 2030 objectives, healthcare spending is projected to grow by an annual average of 3% from 2022 to 2025. This increased budget aims to materialize plans to expand public hospitals, clinical laboratories, and modernized healthcare facilities nationwide. Both public and private investments in healthcare are anticipated to drive growth in IVD testing, especially in areas such as infectious disease and cancer testing. Furthermore, the decentralization of healthcare services is expected to redistribute testing volumes from tertiary care facilities to lower levels of care.

ELISA and CLIA tests are poised for expansion within the Saudi Arabia IVD market.

ELISA and CLIA tests command a significant portion of the Saudi Arabia IVD market. Renowned for their accuracy and versatility, these diagnostic tests play a crucial role in detecting various diseases and conditions. Their widespread use across medical facilities and laboratories underscores their importance in healthcare. With ongoing advancements in technology and increased demand for precise diagnostic solutions, ELISA and CLIA tests continue to maintain their stronghold in the Saudi Arabia IVD market. As the healthcare landscape evolves and the need for efficient diagnostic tools grows, ELISA and CLIA tests are expected to retain their substantial share in the market.

There was a rise in instrument products within the Saudi Arabia IVD market.

In Saudi Arabia, the market for in vitro diagnostic (IVD) products has experienced an uptick in the availability of instrument offerings. As demand for diagnostic solutions grows, there has been a notable increase in the range of instruments available within the market. These instruments play a crucial role in facilitating accurate and efficient diagnostic processes across various healthcare settings. With ongoing advancements in technology and the expanding need for precise diagnostic tools, the rise in instrument offerings reflects the dynamic nature of the Saudi Arabian IVD market and its commitment to meeting the evolving healthcare demands of the population.

The market is expected to experience a boost in clinical chemistry.

The field of clinical chemistry is poised to propel growth in the market for in vitro diagnostics (IVD) in Saudi Arabia. With increasing emphasis on comprehensive diagnostic testing, clinical chemistry plays a pivotal role in disease detection and monitoring. As healthcare providers seek advanced diagnostic solutions to meet evolving patient needs, the demand for clinical chemistry assays is on the rise. This trend is expected to drive market expansion, fostering innovation and investment in diagnostic technologies. As a result, clinical chemistry emerges as a key driver of growth in the Saudi Arabian IVD market, facilitating improved healthcare outcomes.

Key Players

Roche Diagnostics, Danaher Corporation, Abbott Laboratories, Thermo Fischer Scientific, Bio–Rad Laboratories, Inc., Sysmex Corporation, Becton, and Biomerieux operate within the Saudi Arabia IVD Market.

Test Types – Saudi Arabia IVD Market breakup in 11 viewpoints:

1. ELISA & CLIA

2. PCR

3. Rapid Test

4. Fluorescence Immunoassays (FIA)

5. In Situ Hybridization

6. Transcription Mediated Amplification

7. Sequencing

8. Colorimetric Immunoassay

9. Radioimmunoassay (RIA)

10. Isothermal Nucleic Acid Amplification Technology

11. Others

Products – Saudi Arabia IVD Market breakup in 3 viewpoints:

1. Reagents

2. Instruments

3. Services

Application – Saudi Arabia IVD Market breakup in 7 viewpoints:

1. Immunochemistry

2. Clinical Chemistry

3. Hematology

4. Coagulation

5. Molecular Diagnostics

6. Microbiology

7. Others

All the Key players have been covered from 3 Viewpoints:

• Overview

• Recent Development

• Revenue Analysis

Company Analysis:

1. Roche Diagnostics

2. Danaher Corporation

3. Abbott Laboratories

4. Thermo Fischer Scientific

5. Bio–Rad Laboratories, Inc.

6. Sysmex Corporation

7. Becton

8. Biomerieux

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Hormone Replacement Therapy Market will be around US$ 26.80 Billion by 2027 | Renub Research

According to Renub Research, Hormone Replacement Therapy Market will experience a CAGR of 6.82% from 2022 to 2027. Hormone replacement therapy (HRT) is a medical treatment that can supplement or replace hormones that are no longer produced in sufficient quantities by the body. There is an increasing awareness of postmenopausal issues among women. Hence, there has been a surge in drug development with new delivery systems to address hormonal imbalance disorders, particularly in the growing senior population. The United Nations World Population Prospects 2022 report for the United States estimates that the global population will reach around 8.5 billion by 2030, 9.7 billion by 2050, and 10.4 billion by 2100.

HRT can alleviate menopausal symptoms, improve bone density, reduce the risk of osteoporosis and colon cancer, and help mood and cognitive function in some women. It may also reduce the risk of heart disease in younger women experiencing early menopause. However, suitability varies, and consulting with a healthcare provider is crucial due to potential side effects and health risks.

Demand for Menopausal Symptom Relief has boosted the Estrogen type in the HRT Industry

Estrogen is crucial for women during menopause, and its decline can cause hot flashes, night sweats, and vaginal dryness. The American Congress of Obstetricians and Gynecologists published a report saying that approximately 6,000 women in the United States experience menopause daily. Therefore, estrogen replacement therapy has become a standard treatment option.

In addition, drug development and delivery system advancements have led to new, safer, and more effective estrogen-based HRT formulations. Additionally, the growing geriatric population has contributed to the growth in the HRT industry, as menopause is more prevalent with age. This trend shall progress in the future.

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Oral Administration Convenience and Ease of use have made it dominant in the HRT Industry

The wide usage of Oral HRT is due to its convenience, safety profile, and availability in various dosages. Still, it may only suit some due to potential side effects and interactions. Therefore, alternative administration methods, such as transdermal or vaginal, may be considered for those who cannot tolerate or prefer not to take oral HRT.

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Asia-Pacific Aging Population has Boosted demand for HRT due to Increased Menopause-related Symptoms among Women

The HRT industry in the Asia-Pacific region has grown due to healthcare professionals and patients being more aware and accepting of HRT. There is also more accessible access to advanced medical facilities and healthcare services, thanks to rising disposable income and urbanization. As a result, HRT treatments are more accessible and affordable. Furthermore, the increasing prevalence of lifestyle-related diseases has driven the demand for HRT products to prevent and treat such conditions.

For instance, by 2030, one-fourth of older women in Korea will be postmenopausal. Furthermore, nearly half of all females will be postmenopausal, meaning that the percentage of postmenopausal women in the total female population will increase by 59.8% by 2060, according to an article titled “The Demographic Changes of Menopausal and Geripausal Women in Korea,” published in February 2021. To treat menopausal symptoms during this transition, healthcare professionals typically recommend a combination therapy of levonorgestrel releasing-intrauterine system (LNG-IUS) with oral or percutaneous estrogen, low-dose combined oral contraceptives (COCs), and estrogen-progestogen therapy (EPT).

Recent Developments

In June 2022, Astellas Pharma Inc. submitted an NDA to the FDA for fezolinetant, an investigational nonhormonal oral compound for treating moderate to severe vasomotor symptoms (VMS) associated with menopause. These symptoms, including hot flashes and night sweats, are common during menopause. Fezolinetant is being considered a non-hormonal option for menopausal symptom relief.
Pfizer Inc. 2022 finished obtaining Arena Pharmaceuticals. This obtaining will prompt an upgrade in a portfolio to dermatology, cardiology, gastroenterology, etc.

Type Outlook: Market has been covered from 5 viewpoints

Estrogen
Progesterone
Human Growth
Thyroid
Testosterone

Regional Outlook: Market has been covered from 5 viewpoints

North America
Europe
Asia Pacific
South America
Middle East Africa

Key Players Analysis

Merck KgaA
Bayer AG
Pfizer Inc.
Abbott Laboratories
Novartis AG
Novo Nordisk A/S
Amgen, Inc.
F. Hoffmann-La Roche
Eli Lilly and Company

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

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Global Tuna Fish Market will reach to US$ 52.85 Billion by 2028 | Renub Research

Global Tuna Fish Market will grow with a CAGR of 3.7% from 2022 to 2028. Factors such as the increasing popularity of tuna as a healthy food item, high demand, global trade, and Adopting sustainable fishing practices drive the growth of the tuna fish market. According to Renub Research’s latest report, “Global Tuna Fish Market, Size, forecast 2023-2028, Industry Trends, Share, Growth, Company Analysis,” Global Tuna Fish Market was at US$ 42.63 Billion in 2022. Tuna fish is a saltwater fish belonging to the family Scombridae. The word “tuna” comes from the Spanish word “atún,” which originated from the Arabic word “tūn.” The meat of tuna fish, which is rich in protein and omega-3 fatty acids, is highly valued, and therefore, people often use it in sushi, canned tuna, and other seafood dishes.

Tuna fish is a prized catch for sports fishermen around the world. Anglers target different tuna species, including bluefin tuna, yellowfin tuna, and bigeye tuna. Cosmetic manufacturers use tuna fish oil as an ingredient in moisturizers, lotions, and other skincare products. It is high in omega-3 fatty acids, believed to have anti-inflammatory and anti-aging properties. Tuna fish is an ingredient in pet food due to its high protein content. In addition, tuna fish by-products, such as heads, bones, and internal organs, can be used as plant fertilizer.

Tuna fish provides a rich inception of lean protein, omega-3 fatty acids, and other vital nutrients. As more people become health-conscious and seek healthier food options, the demand for tuna fish has increased. Tuna fish can be prepared and used in many dishes, such as sushi, salads, sandwiches, and casseroles. Its versatility makes it a popular choice for many consumers. In addition, canned tuna is a convenient and affordable source of protein that individuals can easily incorporate into meals.

In addition, it has a long shelf life, making it a convenient pantry staple. As the world becomes interconnected, the demand for tuna fish has increased in countries where it was previously not a popular food item, expanding the market for tuna fish. In addition, consumers are increasingly concerned about sustainable fishing practices and the impact of overfishing on the environment. As a result, fishing companies often catch tuna fish using more sustainable methods, such as pole and line fishing, which appeals to environmentally conscious consumers.

Frigate and Bullet Tuna dominate the Global Tuna Fish Market due to their Wide Availability

Frigate and bullet tuna are known for their mild, tender, and flavourful meat, making them popular among consumers. These tuna species have wide availability in the Indian and Pacific oceans, making them easier to catch and supply to the market. In addition, frigate and bullet tuna are relatively small compared to other tuna species, which makes them easier to handle and process.

Furthermore, Fishing companies often catch frigate and bullet tuna using more sustainable fishing methods, such as pole and line fishing, which appeals to environmentally conscious consumers. Finally, these tunas are generally more affordable than other tuna species, making them accessible to a broader range of consumers.

Geographic Location of the Philippines greatly benefits the Production growth of the Country Tuna Fish Market

The Philippines is well-positioned in the Western Pacific to take advantage of the various tuna species found in the Pacific Ocean. The Philippine government has implemented policies and programs to support the growth of the tuna industry, including funding for research and development, infrastructure development, and the promotion of sustainable fishing practices. Additionally, the Philippine Statistics Authority (PSA) reported increases in skipjack (5.6 percent) and yellowfin tuna (14.1 percent) production in 2022.

The demand for tuna in the Philippines, where the consumption is in various forms, including canned, fresh, and frozen, has driven the growth in production. In addition, technological advancements in fishing gear, vessel design, and processing methods have made tuna fishing more efficient and cost-effective. As a result, the Philippines has become a key player in the global tuna fish market, with access to global markets, increasing export earnings, and boosting its economy.

In Exports Indonesia has supremacy in the Global Tuna Fish Market

Indonesia is strategically located in the Western Pacific and the Indian Ocean, providing easy access to significant tuna fishing grounds. Indonesia has one of the largest tuna fisheries in the world, providing a reliable supply of tuna for export. Indonesia has a large and skilled workforce in the fishing industry, with many workers trained in the various aspects of tuna fishing and processing.

Indonesia offers different tuna products, including fresh, frozen, canned, and value-added products, such as tuna sashimi and steaks. There is a robust global demand for tuna, and Indonesia has been able to meet this demand with its reliable supply of high-quality tuna products. In addition, Indonesia’s cost of production for tuna is relatively low, allowing it to offer competitive prices in the global tuna fish market.

In Import Japan’s share is Rising in Global Tuna Fish Market

Tuna is an integral part of Japanese cuisine, particularly in sushi and sashimi, and is considered a high-quality food item. There is a high demand for tuna in Japan due to its popularity as a food item and its use in other industries, such as pet food and cosmetics. The country’s strong economy and high disposable income allow consumers to purchase high-quality tuna products. The government has strict regulations and standards for importing tuna, ensuring that only high-quality products are permitted. Japan has established strong trade relationships with tuna-exporting countries, allowing for a reliable supply of tuna products. In addition, Japan has advanced technology in the fishing industry, including innovative fishing methods and processing techniques, allowing for producing high-quality tuna products.

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Competitive Landscape

Producers from various countries participate in the global tuna fish market, leading to competition in supplying high-quality products to meet the demand. In addition, the continuous innovation of the companies in fishing techniques, processing methods, and packaging stands out from competitors and attracts consumers—the high demand for tuna in many parts of the world further drives competition among producers.

Some of the leading players in the global tuna fish market include High Liner Foods Inc., Surapon Foods, Thai Union Group, The Water base Ltd., ITOCHU Corporation, Dongwon Enterprises Co. Ltd., IBL Ltd., and Century Pacific Food Inc.

Market Summary:

Species– The Report covers Global Tuna Fish Market, by species in 11 viewpoints (Skipjack Tuna (KatsuwonusPelamis), Yellowfin Tuna (ThunnusAlbacares), Frigate & Bullet Tuna (Auxisrochei), Bigeye Tuna (ThunnusObesus), Kawakawa Tuna/Little tuna /Mackerel tuna (Euthynnusaffinis), Albacore Tuna (ThunnusAlalunga), Longtail Tuna (ThunnusTonggol), Eastern Pacific bonito (Sardalineolata), Atlantic Bluefin (ThunnusThynnus), Southern Bluefin Tuna (ThunnusMaccoyii), and Others Species).
Production– By production, the Global Tuna Fish Market, breakup in 11 viewpoints (Indonesia, Philippines, EU (European Union), Vietnam, Ecuador, Korea, Taiwan, Japan, PNG (Papua New Guinea), USA (United States of America), and Others Countries).
Export-The Report covers Global Tuna Fish Market, by export in 10 viewpoints (Indonesia, Vietnam, South Korea, Spain, China, Malta, Morocco, Mexico, Taiwan, and Tunisia).
Import-Based on Import, the Global Tuna Fish Market breakup in 10 viewpoints (Japan, the United States, Spain, France, Italy, South Korea, Russia, the United Kingdom, the Netherlands, and Germany).
Key Players– All the major players in this report Global Tuna Fish Market have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) High Liner Foods Inc., Surapon Foods, Thai Union Group, The Water base Ltd., ITOCHU Corporation, Dongwon Enterprises Co. Ltd., IBL Ltd., and Century Pacific Food Inc.

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Global Prefilled Syringes Market: Unveiling a Promising Future

The global healthcare industry is witnessing a significant transformation, with innovations and advancements revolutionizing patient care. Prefilled syringes, one such breakthrough, have emerged as a vital component in the administration of drugs and vaccines. Prefilled syringes offer numerous advantages, including accurate dosing, reduced risk of contamination, and enhanced patient convenience. As the demand for improved drug delivery systems continues to rise, the global prefilled syringes market is experiencing remarkable growth. In this guest blog, we explore the key trends, drivers, challenges, and future prospects of the global prefilled syringes market.

Market Overview

According to the latest market research conducted by Renub Research, the global prefilled syringes market is projected to witness a robust CAGR of XX% during the forecast period 2023-2028. The market’s value is expected to reach a staggering figure of USD XX billion by the end of 2028. This growth can be attributed to several factors driving the adoption of prefilled syringes across various healthcare settings.

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Key Drivers

Rising Prevalence of Chronic Diseases: The growing prevalence of chronic diseases, such as diabetes, autoimmune disorders, and cardiovascular diseases, has propelled the demand for prefilled syringes. These syringes offer accurate and convenient drug delivery, making them highly preferred by both patients and healthcare professionals.
Technological Advancements: The ongoing advancements in prefilled syringe technology, such as autoinjectors and needle safety systems, have significantly improved patient compliance and safety. The integration of these advanced features ensures easy self-administration of medication and reduces the risk of needlestick injuries.
Increase in Biologics and Biosimilars: The rising demand for biologics and biosimilars has further fueled the growth of the prefilled syringes market. Prefilled syringes are ideal for the delivery of these complex therapies, ensuring precise dosing and minimizing wastage.
Growing Geriatric Population: The global population is aging at a rapid pace, leading to an increased incidence of age-related diseases. As the elderly population grows, there is a greater need for reliable and efficient drug delivery systems, which has significantly boosted the demand for prefilled syringes.

Challenges

While the prefilled syringes market presents promising growth prospects, it is not without its challenges. Some of the key challenges faced by the market include:

Stringent Regulatory Requirements: Prefilled syringes must comply with stringent regulatory standards to ensure patient safety. Meeting these requirements can be time-consuming and costly for manufacturers, posing a challenge to market growth.
High Production Costs: The production of prefilled syringes involves high costs associated with materials, manufacturing processes, and quality control. These factors can limit the market’s growth, particularly in developing regions with limited healthcare budgets.
Issues of Compatibility: Compatibility issues between prefilled syringes and certain drug formulations can hinder their widespread adoption. Some drugs are sensitive to the materials used in prefilled syringes, requiring careful consideration and customization.

Future Outlook

The future of the global prefilled syringes market looks promising, driven by various factors that will shape its trajectory. Here are some key trends and opportunities to watch out for:

Technological Advancements: The market will witness continuous technological advancements, such as needle-free injectors, connected devices, and smart prefilled syringes. These innovations will enhance patient experience, improve medication adherence, and streamline healthcare processes.
Increasing Investments in R&D: Pharmaceutical companies and manufacturers are investing significantly in research and development activities to develop new materials, formulations, and delivery systems. These investments will contribute to the expansion of the prefilled syringes market.
Growing Demand for Self-Injection Devices: The preference for self-administration of medication, especially for chronic diseases, will fuel the demand for self-injection devices such as autoinjectors and pen injectors. This segment is expected to witness substantial growth in the coming years.
Emerging Markets: Developing regions, such as Asia-Pacific and Latin America, offer untapped potential for the prefilled syringes market. The increasing focus on healthcare infrastructure development and rising disposable incomes will drive market growth in these regions.

Conclusion

The global prefilled syringes market is set to witness remarkable growth in the coming years, driven by the rising prevalence of chronic diseases, technological advancements, and increasing investments in R&D. Despite the challenges faced by the market, such as regulatory requirements and production costs, the demand for prefilled syringes is expected to continue its upward trajectory. As patient-centric care gains prominence, prefilled syringes will play a crucial role in ensuring accurate, safe, and convenient drug delivery, ultimately improving patient outcomes and revolutionizing the healthcare landscape.

About Renub Research

Renub Research is a leading market research and consulting firm that specializes in providing business intelligence and market insights. With a team of experienced analysts and a vast array of reports, Renub Research offers comprehensive and reliable information to help businesses make informed decisions. Their expertise spans multiple industries, including healthcare, pharmaceuticals, technology, and more.

Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Renub Research.

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Global Pork Market is estimated to reach US$ 418.36 Billion by 2028 | Renub Research

According to Renub Research’s latest report, “Global Pork Market, Size, forecast 2023-2028, Industry Trends, Share, Growth, Company Analysis,” the Global Pork Market is estimated to grow at a CAGR of 8.63% from 2022 to 2028. Pig meat is the most commonly consumed meat in the planet. Furthermore, pig accounts for about one-third of all meat consumed globally, surpassing beef and chicken. The surge in demand for animal protein, along with the expanding consumer desire for a low-fat, high-protein diet, has resulted in a significant increase in global consumption of animal protein, especially pig. Pork is less expensive than other meat sources, which contributes to its popularity. Furthermore, the expanding food and beverage business will propel the hog meat market forward in the next years.

Continued access to refrigeration in industrialized nations allows more pork products to be purchased, stored, and ultimately consumed than at any other time in history. As a result, the growing middle class is demanding more pork worldwide, with growth expected over the next decade without signs of slowing down. Pork is a popular choice among consumers in fast food outlets and restaurants. Several quick-service restaurants offer pork as a topping for French fries and burgers. Pork is present in the category of products that consumers frequently purchase. Hence, the demand for such products remains continuous among consumers.

Asia is predicted to emerge as the Leading Consumer in the Global Pork Market

Pork is the most popular and extensively eaten meat in developing nations, particularly in Asia. China consumes over half of the world’s pig meat, with urbanisation and growing affluence driving up consumption, followed by other Asian nations such as India and Japan. The Asian region is expected to be one of the most profitable regions for the expansion of the pig meat market in the future. The increased awareness of high-protein diets in emerging economies such as India and China is driving market expansion in this area.

Pork production and consumption are very high in China, Vietnam, Indonesia, and India. Pork is highly nutritious as it contains high protein, less fat, and less cholesterol than beef and other meat sources. It provides a protein-rich meat source for consumers at a low cost, which makes it an affordable animal meat protein source for consumers in the region.

By Production: China will dominate Global Pork Global Pork Market

China is leading global pork production, and the European Union and the United States hold the latter positions. The rapid economic growth in China has increased the demand for pork in the country. Although most pig farms in China are small-scale operations, the introduction of factory farming and large-scale production methods has shown a rise in pork production. The development of modern farms has been one of the essential factors in satisfying the increasing demand for pork in China.

According to the “Livestock and Poultry: World Markets and Trade” report of the USDA, global pork production in 2021 accounted for 105 million metric tons. And China, which produced above 43 million metric tons of pork, was the dominant country in the market. The European Union, with 24 million metric tons, and the United States, with 12 million metric tons, grasped the second and third positions, respectively. Brazil, Canada, Mexico, South Korea, Japan, the Philippines, and Hong Kong followed these countries.

European Union registered the Highest Market Share Global Pork Global Pork Market

Global pork exports will register the most aggressive growth in trade since before COVID-19. The expansion will bolster primarily by increased demand in China, the EU, and Saudi Arabia. As there is a production limitation in growth for several competing exporting producers, Brazil will capture most of the gains. Brazil’s price competitiveness, EU market access, and ability to supply halal products make the world’s leading exporter well-positioned to fulfil rising global demand. Thailand shipments will register record-increased shipments to significant markets, mainly benefiting from improved China and Saudi Arabia market access.

Asia emerged as the Largest Importer of Pork

In 2022, Asian countries imported the most amount of pork in the globe. Japan, mainland China, Mexico, Italy, and South Korea are the top five importers of pork. European importers came in second position. Customers throughout Latin America, excluding Mexico, but including the Caribbean, Oceania, headed by Australia and New Zealand, and Africa, purchased some of the shipments.

Key Players:

Some key players competing in the Global Pork Market include JBS S.A., Tyson Foods, Pilgrim’s pride corporation, Danish crown group, Vion Food Group, WH Groups, Hormel Foods Corporation, and Muyuan Foods.

Market Summary:

Production- The Report Covers Global Pork Market by production from 12 viewpoints (China, European Union, United States, Brazil, Russia, Vietnam, Philippines, Canada, South Korea, Mexico, Japan, and Others).

Consumption- By Consumption, the Global Pork Market breakup up in 12 viewpoints (China, European Union, United States, Russia, Brazil, Vietnam, Japan, Mexico, South Korea, United Kingdom, Philippines, and Others).

Export- Renub Research report Global Pork Global Pork Market export from 12 viewpoints (European Union, United States, Canada, Brazil, United Kingdom, Mexico, China, Chile, Russia, Australia, Singapore, and Others).

Import- Based on Import, the Renub Research Report Global Pork Global Pork Market breaks up into 12 viewpoints (Japan, China, Mexico, United Kingdom, South Korea, United States, Hong Kong, Philippines, Canada, Australia, Vietnam, and Others).

Key Players- All the major players in the report Global Pork Global Pork Market have been covered from 3 Viewpoints (Overview, Recent Developments, and Sales Analysis) JBS S.A., Tyson Foods, Pilgrim’s pride corporation, Danish crown group, Vion Food Group, WH Groups, Hormel Foods Corporation, and Muyuan Foods.

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Modular Kitchen Market shall grow at a CAGR of 4.52% from 2022 to 2028 | Renub Research

According to Renub Research’s latest report, “Global Modular Kitchen Market, Size, forecast 2023-2028, Industry Trends, Share, Growth, Company Analysis,” the Global Modular Kitchen Market is estimated to reach US$ 35.59 Billion by 2028. Modular kitchens design with a furniture format comprising cabinets split into modules that hold kitchen commodities. By using modular kitchens, homeowners can efficiently employ their kitchen space. The furniture is shaped together with regularity to create a functional unit that correctly segments everything, allowing each time to be compressed and reframed within the modular kitchen, expanding the use of space while maintaining an organized and clutter-free environment. As a result, it improves the wide appearance of a kitchen or home. In addition, it provides space-saving, convenient, and efficient storage solutions for essential kitchen items such as utensils, appliances, and groceries. Moreover, they use small spaces optimally and contribute to a clean and organized look.

Modular kitchens offer an essential advantage in their flexibility for assembly and disassembly, implementing productive work to be carried out even in tight spaces. The fastest growth in the residential construction industry, mixed with changes in lifestyle patterns, such as the shift from living in joint families to nuclear families, are the leading factors propelling the advancement of the modular kitchen market.

In addition, consumer demand for space-saving and efficient storage solutions and a growing preference for interior colors such as charcoal grey, champagne, and cream propel the market significantly. However, the initial cost of installing a modular kitchen, the demand for more skilled professionals, and the disturbing supply chain hamper the overall market growth.

Increasing demand for decorative stones creates more need for Artificial Stones

Artificial stone is a composite material of mineral aggregates, cement, and water. It is suitable for interior and exterior applications, and its popularity has grown in recent years due to its affordability compared to natural stone, ease of installation, and superior durability. It is also available in different colors and textures, making it a versatile and popular choice for commercial and residential projects. It is also non-toxic and does not discharge harmful smog when exposed to heat, making it safe for indoor furniture. Overall, the cost-effectiveness, ease of installation, durability, versatility, and eco-friendliness of artificial modular stone have contributed to its dominance in the market.

Floor Cabinet dominates the Market due to their Several Technological Revolutions

The floor cabinets segment is experiencing a flourishing period during the forecast due to its essentiality as a kitchen component with its durable surfaces, aiding in organizing and storing daily essentials, which makes them a fundamental part of modern kitchen design. Furthermore, this technology has made floor cabinets more functional, convenient, and aesthetically pleasing, contributing to their increased demand in the modular kitchen market. These factors have propelled the floor cabinets segment to a higher growth rate.

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The need for L-shaped designs on a Global Level is expanding due to the rising Middle-class Population

L-shaped kitchens are adaptable and can be customized to a wide range of spaces. They are also well organized regarding space utilization, making them a superb choice for smaller kitchens. Moreover, L-shaped designs provide enough counter space and storage options, essential kitchen features. They allow for efficient workflow and can easily accommodate multiple users. For these reasons, L-shaped designs have become increasingly popular and dominate the modular kitchen market.

Residential Kitchen market will lead due to the rising number of Real Estate projects and higher demand for Space-saving Homes

Modular kitchen designs keep up with new trends and allow for customization in drawers, cabinets, countertops, or micro-compartments, resulting in better organization. In addition, the increasing demand for efficient storage solutions that optimize small spaces expects to drive the demand for residential modular kitchens. These kitchen setups offer convenient and efficient storage for essential kitchen commodities such as utensils, appliances, and groceries, utilizing the available space to its fullest potential.

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Offline channel holds the Maximum Share due to its broad range of Products

Manufacturers depend on direct sales, wholesale, and brick-and-mortar retail as their primary offline distribution channels. The distinct range of products available through these offline businesses remains a compelling factor in inviting more customers. In recent years, manufacturers have progressively adopted a hybrid business strategy that associates offline and online shopping.

North American region is realizing increased demand due to the rising Investment in the Construction Industry

The U.S. leads the North American modular kitchen Market due to a large consumer base growing preference toward charcoal grey, champagne, and cream colors as a significant growth factor for North America Modular Kitchen Market.

Competitive Landscape:

Major players competing in the Global Modular Kitchen market are Indian Fline Blanks (IFB) Ltd., IKEA Groups, Electrolux, Robert Bosch, LG Electronics, and Nobilia,

Market Summary:-

Types– The report covers Global Modular Kitchen Market by segments from 4 viewpoints (Stainless steel modular kitchens, Fire Resistance Board Modular kitchens, Natural stone modular kitchens, and Artificial stone modular kitchens)

Products– By products, the Global Modular Kitchen Market is classified into three viewpoints (Floor Cabinet segment, Wall Cabinet, and Tall Storage)

Design- By design, the Global Modular Kitchen Market breakup into 5 viewpoints (L-Shape, U-Shape, Parallel, Straight, and Island)

Application: – By Application, the Global Modular Kitchen Market break up into five viewpoints (Residential, Commercial, Industrial, Healthcare, and Education)

Distribution channel: – By Distribution, the Global Modular Kitchen Market breaks up into two viewpoints (Online and Offline)

Region: The Global Modular Kitchen Market breaks up into 4 viewpoints (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)

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Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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Global Industrial Hemp Market will register a CAGR of 21.2% from 2023 to 2028 – Renub Research

Renub Research’s latest report titled “Global Industrial Hemp Market, Size, forecast 2023-2028 Share, Growth, Industry Trends, Opportunity, “Global Industrial Hemp MarketSize will reach US$ 15.01 Billion by 2028. Industrial hemp is a type of Cannabis sativa plant that is specifically grown for industrial purposes and contains minimal levels of tetrahydrocannabinol (THC) compared to marijuana. They cultivate it for its strong and durable fibres that produce various items, such as textiles, paper, biodegradable plastics, and construction materials. Moreover, industrial hemp has multiple uses, such as in food, supplements, and the extraction of CBD and other cannabinoids, and utility in wellness and medicinal products.

The industrial hemp market is thriving due to increased awareness of its versatility, sustainability, and potential health benefits, along with the legalization of hemp in 2018 at the federal level in the US. Hemp is highly sustainable, requires minimal resources to grow, and is in demand by environmentally conscious consumers seeking sustainable products. In addition, hemp-derived CBD products are famous for their potential health benefits, and technological advances are creating new applications, driving growth in the industry.

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Seeds of Industrial Hemp dominate the Hemp Industry due to their High Nutritional Value and Versatility

Hemp seeds are rich in protein, healthy fats, and essential vitamins and minerals, making them popular in health foods and supplements. These seeds are eaten raw or topped with cereals and yogurt. Industries can also press seeds to produce hemp oil, which has a variety of uses in cooking and personal care products. In addition, hemp seeds also find their usage to cultivate new hemp crops, providing an essential source of income for farmers and ensuring the industry’s sustainability.

Escalating demand for Plant-based Diets and Natural/Organic Ingredients drives the rise of Food and Beverage Applications

Hemp seeds are a rich means of protein, fibre, and vital fatty acids, making them a nutritious addition to various food and beverage products, such as smoothies, energy bars, and snacks. Additionally, hemp-derived ingredients, such as CBD, are being incorporated into multiple beverages, including teas, coffees, and energy drinks, due to their potential health benefits and calming effects. Legalizing hemp at the federal level has also opened up opportunities for innovation and investment in the industry, leading to the development of new food and beverage products using hemp-derived ingredients.

Asia-Pacific Market for Industrial Hemp will grow Substantially

Rising demand for natural and sustainable products is adding to the need for industrial hemp in Asia-Pacific. Legalizing hemp cultivation in several countries, such as China, Japan, and South Korea, has opened up opportunities for the industry. Additionally, the region’s large population and growing middle class have created a significant market for hemp-based products, including food, textiles, and personal care. Furthermore, increasing research and development activities and using advanced technologies for cultivating and processing industrial hemp also contribute to market growth in the Asia-Pacific region.

Competitive Landscape.

Some major companies operating in the market are Marijuana Company of America Inc., American Cannabis Company Inc., Ecofiber Limited, Aurora Cannabis, Agropur, and Darling Ingredients Inc. Various factors influence competition in the industrial hemp market, including the availability and quality of raw materials, government regulation and support, technological advancements, marketing strategies, pricing, and distribution networks. Competition in the industrial hemp market may also be influenced by new players entering the market, mergers and acquisitions among existing players, and changes in consumer preferences and demands. As the industrial hemp industry grows and evolves, these factors will continue to shape the market’s competitive landscape.

Market Summary:

Key Players– All the major players have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) Marijuana Company of America Inc., American Cannabis Company Inc., Ecofiber Limited, Aurora Cannabis, Agropur, and Darling Ingredients Inc.

By Products – Global Industrial Hemp Market will divided into four types:-

Seeds
Stalks
Fibres
Others

By Application – Global Industrial Hemp Market will divided into nine types:-

Textiles
Personal Care
Food & Beverages
Animal Care
Paper
Automotive
Construction Materials
Furniture
Others

By Regions – Global Industrial Hemp Market will divided into four types:-

North America
Europe
Asia Pacific
Rest of the World

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

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