Vanillin Market Size Worth $724.5 Million By 2025

The vanillin market has seen good growth in recent years. Vanillin is a key aromatic compound extensively used to enhance the aroma and flavor of the various end-use products. It is the principal aroma and flavor compound in vanilla beans. It is also found in ‘Leptotes bicolor’, an orchid species found in Paraguay and Southern Brazil as well as the Southern Chinese red pine. Based on how it is produced, it can be classified into Pure, Natural & Synthetic. Vanillin comes in two forms – liquid and powdered.

Vanillin is an essential aromatic compound extensively used to enhance the aroma and flavor of the different end-use products. Vanilla beans constitute pleasant smell, that occurs naturally in vanilla beans. It is widely used as flavoring agent in food products and aromatic additives for incense, perfumes, medicines, candles, and air fresheners. Due to an ability to enhance flavor in food products coupled with low-calorie content and high availability of antioxidants in vanillin, its demand from food & beverage segment is anticipated to increase over the forecast period.

Food & beverage accounted as the largest end-use segment in 2016 and is anticipated to grow significantly over the upcoming years. Growing demand for variety food products is encouraging manufacturers to produce vanillin products from a sustainable source.

Fragrance segment is expected to witness the fastest growth in terms of volume over the forecast period with an estimated CAGR of 6.0% from 2017 to 2025. Increasing consumer spending on beauty and personal care products along with growing usage of aromatic products in various fragrance application products are anticipated to fuel the growth of the vanillin market over the forecast period. In addition, increasing usage of fragrance products in the emerging economies such as India, China, the U.S., and Brazil is expected to increase the demand further.

Vanillin and vanilla are often thought to be the same and used interchangeably, which is a wrong notion, as vanilla contains hundreds of other compounds which make up its distinguishable aroma. Vanilla has for long been the undisputed choice among consumers when it comes to flavor, aided by the following factors:

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Further key findings from the report suggest:

It is extensively used as flavor agent in end-use segments such as food & beverage, which is the major application factoring in the market growth. Ice-cream and chocolate industries cover a large portion of the market.
In food & beverage segment, it enhances flavor and aroma of the products, especially bakery products, confectioneries, biscuits, chocolates, candies, and ice creams. With increasing disposable income and improvements in the standard of living, the demand for a variety of food & beverage products has only increased, thus creating an attractive market.
It also finds application in the beverage manufacturing industry, where it is used as a flavoring agent. This again is an important factor for its market growth.
Vanillin is used as an intermediate or as an inactive excipient during manufacturing of drugs and medicines. Pharmaceutical application is likely to be the one of the fastest growing segments of the global market in the coming years.
It is widely used as an intermediate chemical as well as an additive in the pharmaceutical sector. Tablet masking, minimizing bitter taste in medicines, oral medicine processing, topical medicated lotions and other pharmaceutical products use it as an excipient.

Fuel Cell Market Size Worth $33.09 Billion By 2027

Fuel cells are devices which convert the fuel’s chemical energy into electricity via a chemical reaction in the presence of an oxidizing agent. They can be of different types, but they all consist of an anode, cathode, as well as an electrolyte. They use hydrogen or other hydrocarbon fuels which are available in abundance, along with an oxidant (usually oxygen), to carry out an electrochemical reaction. This makes them one of the fastest growing alternate backup power options. Additionally, they are eco-friendly as their by-product only comprises nitrous oxide. They generate lower noise levels as compared to other incumbent technologies due to lack of moving parts and an efficient combustion process.

There are various types of such cells, the major ones being PEMFC (Proton Exchange Membrane), SOFC (Solid Oxide), PAFC (Phosphoric Acid) and MCFC (Molten Carbonate). Portable applications include consumer products such as laptops and mobile phones, personal electronics, Accelerated Processing Units, portable products and consumer products such as laptops and mobile phones. Stationary applications include Uninterrupted Power Supply (UPS), residential power and Combined Heat Power (CHP). Transportation applications include auxiliary power units and electric vehicles. Fuel cell vehicles, generally hydrogen fuel cell vehicles, have gained a lot of support and visibility in the past few years. With this in mind, fueling stations have seen a healthy growth in the past few years.

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Further key findings from the report suggest:

Governments of various countries have been pushing for their development and technological advancement due to their eco-friendly nature, which is expected to significantly drive the market.
The increasing need for reduced emissions and better fuel economy has resulted in development of fuel cell enabled commercial vehicles that utilize hydrogen fuel.
Various countries and participants are trying to successfully implement this technology at lower costs, which increases their market attractiveness.
However, their implementation and use also comes with a set of restraints. Most significant among them being cost, as even though technological advancements are being made in the field, they have still not been able to compete economically with traditional energy technologies, which includes gasoline internal combustion engines. Another issue with is that hydrogen storage and distribution is difficult, which provides hindrance to market growth. Vehicles based on this technology have their set of detractors, with the production, storage and cost of the technology being the most common point of argument. This is expected to hinder the future market.
North America dominates the market in terms of installed capacity and unit shipment owing to favorable regulatory scenario and technological advancement in this region. The U.S. Department of Energy has over 300 patents on fuel cell technology and is extensively involved in its research. Asia Pacific is the second largest market due to high demand from Japan and South Korea. The market in other countries such as China and India is also expected to increase due to an increase in the technological capabilities and government support. Europe is expected to witness fast growth in terms of their installed capacity primarily due to growing hydrogen fuel infrastructure in Germany, Norway, Denmark and Sweden.

India Coffee Retail Chain Market Worth USD 855.0 Million By 2025

The India coffee retail chain market is expected to reach USD 855.0 million by 2025, according to a new report by Grand View Research, Inc. Coffee has become a lifestyle element that urban citizen must have. In last five years, the shift of Indian consumers from being saving oriented to be more consumption-oriented have favored the market to witness a healthy growth.

Moreover, growing popularity of spending time at café houses and coffee consumption amid the young population in urban India has resulted in further growth of coffee chains in the market. Increasing disposable income has taken away the mental barrier of individuals on spending and eating out. Thus, higher spending on a cup of coffee have outpaced the deterrent of increasing cost amid coffee chains.

The success of retail coffee chains such as the Starbucks Corporation and Luigi Lavazza S.p.A., among others is attributed to the indigenization in its menu as well ambiance. This, differentiation approach of prominent players towards the Indian consumer has played a key role in the growth of shaping the consumption while prioritizing their choices. For instance, Starbucks offers India spice majesty blend, Indian chai latte, and chatpata paratha warp, among others that add to the Indian serve. The note of such cultural aspect to the menu, particularly, the food has helped the increased spending on coffee outlets. Moreover, the standard menu such as muffin, and sandwiches, among others have been popular amid young and corporate consumer; thereby fueling the growth of international coffee chains in the Indian market.

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Further key findings from the study suggest:

The southern region dominated the India retail coffee chain market in 2016 and is projected to reach over USD 253.8 million by 2025, growing at a CAGR of 21.04% from 2017 to 2025
The CCD and Starbucks have significant advantages over other players in the market, especially in the franchise area. The Indian retail coffee chain is highly concentrated at the top and fragmented at the bottom
The sophisticated brewing technique by key player has potentially attracted the customer, thereby help increase customer footfall in these coffee outlets
The Western region is anticipated to witness higher CAGR owing to growing corporate culture in the cities of Maharashtra which has paved the meeting culture in an increasing café outlet.
The dine in type segment accounted for the largest market share in 2016. It is valued projected to grow at a CAGR of 23.00% over the forecast period.

Carbonated Soft Drinks Market Size Worth USD 605.6 Billion By 2025

The global carbonated soft drinks market is projected to reach USD 605.6 Billion by 2025, according to a new report by Grand View Research, Inc. The technological advancements in production process of beverages and increasing retail sales are likely to be the major driving factors over the forecast period.

POZNAN, POLAND – MAY 19, 2017: Global soft drink market is dominated by brands of few multinational companies founded in North America. Among them are Pepsico, Coca Cola and Dr. Pepper Snapple Group

The key distribution channels supermarkets and general merchandisers, food service and drinking places, gas stations and convenience stores, vending machine operations, and others. Others segment include smaller outlets such as private clubs, drugstore, and community centers.

Stringent government regulations regarding sugar level in the drink coupled with rising health concerns are anticipated to be the main restraining factors over the coming years. Various study and researches have proved the relation between consumption of sugary drinks with several health problems such as diabetes, obesity, and tooth decay.

The acquisition, partnership, and expansion are the key strategies being adopted by the players in order to strengthen their position. Market players have been focusing to develop new products on account of rising number of health-conscious consumers. Companies are involved in mergers & acquisitions in order to increase their global presence and product portfolio.

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Further key findings from the report suggest:

Supermarkets and general merchandisers segment is anticipated to grow at fastest CAGR of 5.5% in terms of revenue from 2017 to 2025, owning to availability of maximum products under one roof
Food service & drinking places segment is likely to grow at second fastest CAGR over the forecast period. Increasing number of fast-food outlets, takeout outlets, full-service restaurants, and bars are inducing manufacturers to put up their product in such places for distribution.
Gas stations & convenience stores are estimated to grow at a CAGR of 5.8% in terms of revenue from 2017 to 2025 in North America region due to a large number of stores attached with a gas station in the region.
Europe is anticipated to witness a CAGR of 5.1% in terms of revenue over the forecast period due to stringent government regulations for food & beverage industry and changing consumer preferences.
In November 2016, PepsiCo acquired Kevita company, which manufactures fermented probiotic and kombucha beverages to expand its portfolio in health and wellness products.

Soap & Detergent Market Worth $207.56 Billion By 2025

The global soap and detergent market is expected to reach USD 207.56 billion by 2025, according to a new report by Grand View Research, Inc. The rising disposable income and rapid urbanization in developing countries are expected to increase the demand for soaps and detergents. The rising healthcare awareness coupled with government regulations to maintain hygiene and cleanliness in food processing, product manufacturing, and hotel is expected to drive the market growth.

Launch of innovative new product is another major factor contributing toward market growth. The demand for highly efficient and anti-allergic cleaning products is growing rapidly. The manufacturers are continuously focusing on innovative product development to cater the unmet needs of their customers. For instance, anti-allergy soaps and natural ingredients containing detergents are heavily adopted by consumers with delicate skin.

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Further Key Findings From the Report Suggest:

Household detergents segment was the largest revenue generating segment of the market in 2016 due to escalating penetration of washing machines in the emerging economies
Household soaps is estimated to grow at the highest growth rate during the study period owing to rising population and escalating disposable income in developing regions
North America dominated the market in 2016 majorly due to the existence of well-developed economy and large textile industry in this region
The Asia Pacific market is estimated to grow at the highest rate during the forecast period. Rising number population and developing economies including India, China, and Indonesia, are major factors contributing to growth in this region
Some of the major players are Colgate-Palmolive Company; Unilever; Church & Dwight Co.; Ecolab Inc.; Procter & Gamble; Henkel AG & Co. KGaA; Lion Corp.; The Clorox Company; Reckitt Benckiser Group PLC

Railroads Market Size Worth $829.3 Billion By 2025

The global railroads market is expected to reach USD 829.3 billion by 2025, according to a new report by Grand View Research, Inc. Increasing investments by governments across the globe for construction of new rail lines and to upgrade the existing network can be the key factor for the growth of railroads market in the coming years. Approvals for initiation of new projects, growing tourism industry in Europe and Asia Pacific, and availability of passenger rail as a cheap mode of transport can be other factors that are expected to boost the market growth in the coming years.

In the recent years, tourism industry has witnessed a substantial growth in Asia Pacific and European countries. These countries are attracting tourists from within the region and from other nations. Many tourists are selecting trains owing to their low fares and high connectivity. In addition, there has been an increasing demand for freight due to rapid industrialization and growth in imports and exports in Asian countries.

Many governments and private organizations are increasingly investing to expand railways in their countries. For instance, in October 2017, the Indian Railway minister announced USD 150 million investments over 2018-2023. These investments are expected to be directed towards comfortable, safe, and secure travel of the passengers in the country. Similarly, in January 2018, China’s national railway operator announced an investment of USD 113 billion in fixed rail assets. This fund is expected to be diverted towards the construction of 4,000 km of new lines in the country. Such investments are expected to boost the market growth during the forecast period.

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Further Key Findings From the Report Suggest:

Passenger rail segment held majority of the market share in 2016 and is anticipated to witness fastest rate during the forecast period, due to rising tourism industry and construction & usage of metro & bullet trains in the emerging nations
U.S. dominated the global market owing to an increase in demand freight rail and increasing investments for the expansion of lines
Asia Pacific is anticipated to witness the fastest growth owing to growing tourism industry, improving economic conditions, and government investment for construction of new rail lines
Middle East region is expected to witness the second fastest rate owing to availability of funds for new rail projects and increasing usage of passenger rails
Some of the key players includeCentral Japan Railway Company, SNCF Group, Union Pacific Corporation, and OAO RZD (Russian Railways)

Plant Based Protein Supplements Market Worth $7.70 Billion By 2025

The global plant based protein supplement market size is expected to reach USD 7.70 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.9% during the forecast period. Rising concerns regarding the consumption of animal protein supplements, has encourages the manufacturers to develop human nutrition products derived from soy, spirulina, pumpkin seed, hemp, pea, and rice among other plants-based sources.

The plant-based protein supplements market is projected to exhibit a high growth on account of rising global demand for vegan products. Herein, the rapid growth of e-commerce is augmenting the consumption of protein supplements. Walmart is considered to be the largest retailer and requesting its suppliers to offer more plant based items. Moreover, rising concern for food safety in food and beverages sector is propelling the consumption for high-quality food service board and liquid packaging board.

Demand for plant based protein supplement is likely to witness a high growth on account of rising popularity of Ready-to-Drink (RTD) product among millennials. These pre-formulated protein drinks are easily available and can be consumed without any further mixing or preparation. This factor is anticipated to bode well for the product demand in near future.

Asia Pacific is projected to remain one of the lucrative markets for plant-based protein supplements over the next eight years. The growth of working-class population in developing countries including China and India coupled with increased state government spending for promoting infrastructure development and easy taxation scenario for MNCs to open up offices, is expected to promote the demand. In addition, predominant utilization of internet by the working-class population during office hours and off-job time is expected to boost the consumer awareness regarding plant-based supplements as meal replacements in near future.

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Further key findings from the report suggest:

Among raw materials, soy is anticipated to reach market size of USD 5.11 billion by 2025, at a CAGR of 8.0% from 2017 to 2025
Protein powder product segment is expected to reach a market size of 5.33 billion by 2025, owing to rising health consciousness and demand from athletes and bodybuilders
North America is projected to exhibit a CAGR of 7.6% over the forecast years, mainly on account of increasing demand for sports nutritional supplements from Canada and U.S. In addition, presence of major players and easy availability of raw materials can further fuel the growth
Countries in Asia Pacific, especially India, Indonesia, and China, are expected to witness significant growth over the forecast years, mainly driven by changing consume lifestyles resulting in the increased need for health supplements
The plant-based protein supplements market is characterized by accreditation of raw materials, product, distribution channel, application, and regional decisions to improve the market share of manufacturers
Some of the prominent companies present in the market are Glanbia plc; AMCO Proteins; Quest Nutrition; NOW Foods; NBTY, Inc.; MusclePharm Corporation; Abbott Laboratories; CytoSport, Inc.; IOVATE Health Sciences International; and Transparent Labs.

Europe Hydrocarbon Solvent Market Size Worth $1.93 Billion By 2025

The Europe hydrocarbon solvent market size is expected to reach USD 1.93 billion by 2025, according to a new report by Grand View Research, Inc. it is anticipated to expand at a CAGR of 5.1% during the forecast period. Abundant availability of key petrochemical raw materials, relatively lower price of petroleum derived solvents compared to their counterparts, and sustained utilization in numerous end-use industries are some of the primary driving factors for the market.

The demand for solvent-based paint and coatings is growing at a steady rate owing to an increase in consumption in architectural applications and end-user industries such as oil and gas, aerospace, marine, and steel. The demand for paints and coatings is also on the rise due to increasing disposable income of consumers, product innovation, and market penetration.

In the European paint industry, white spirit holds a major share, with approximately 60% of this product being used for manufacturing varnishes, paints, and lacquers. Several other products have been introduced in the European market aligned with the regulatory compliances. A number of companies have introduced cycloparaffinic or naphthenic solvents as direct alternatives to xylene and toluene, which are aromatic but strictly regulated owing to their high Volatile Organic Compound (VOC) content.

One of the most significant value addition in the manufacturing of the hydrocarbon solvents is the commercialization of products with minimal or negligible environmental impact. The solvents with least VOCs proportions are gaining traction. Such trends are anticipated to significantly contribute towards rapid demand as well as product innovation by major participants in the Europe hydrocarbon solvent market.

The white spirits is estimated to be the fastest growing product segment with a CAGR of 2.2% in terms of consumption over the forecast period. While, aromatic hydrocarbon solvents was the most consumed product category and is expected to generate a total demand of around 910 kilo tons by 2025.

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Further key findings from the report suggest:

Paints and coatings was the largest application segment and is expected to be reach over USD 630 million by 2025
Printing inks is one of the fastest growing application categories in Europe hydrocarbon solvents market and is expected to expand at a CAGR of 5.3% in terms of value over the next seven years
Germany accounted for over 15% of the total regional demand and is estimated to generated a total revenue of USD 316.9 million by 2025
Companies are now concentrating on sustainable approaches to manufacture chemical intermediates with very low VOC content to prevent serious environmental impact
Some of the key players operating in the Europe hydrocarbon solvent market include Eastman Chemical Corporation, Dow Dupont, BASF SE, Total SA, Ashland, and Chevron Corporation.

CSA Food Safety Testing Market Size Worth $1.36 Billion By 2025

The Central & South America food safety testing market size is expected to reach USD 1.36 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 5.7% during the forecast period. Increasing food safety concerns due to consumer preference for processed and packaged eatables are expected to contribute to the market growth in the region. Moreover, rising demand for exotic vegetables and fruits, premium coffee, and imported products continue to contribute to safety concerns. This is projected to augment the market growth.

Changing lifestyle and increased per capita income have resulted in high demand for packaged and ready-to-eat products, which is also likely to boost market growth. Manufacturers are taking increasing efforts to ensure food safety owing to economic losses caused by foodborne diseases. Foodborne disease outbreak is a major cause of diarrheal diseases and poses a significant threat in the majority of the Central & South American countries. Such diseases cause severe and long-lasting damages including ulceration, meningitis, chronic diseases affecting articular and respiratory system. This is expected to have a positive impact on the market expansion. In addition, rising awareness levels among consumers regarding safety will also contribute to the market development in the years to come.

Furthermore, regional governments have launched initiatives, such as Good Farming Practice (GFP) and Good Manufacturing Practice (GMP) to ensure safety. Safety testing service providers have their own laboratories that offer various services including microbiological, allergen, Genetically Modified Organisms (GMO), nutritional analysis, and residue and contamination testing. In addition, vegetables and fruits producers perform routine tests by using test kits to check their products for any contamination. Meat, poultry, and seafood is the largest application segment, followed by processed eatables. Increased exports of cocoa from tropical countries and quinoa from Bolivia is estimated to boost the market growth.

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Further key findings from the study suggest:

Microbiological testing segment accounted for 43.1% of the total revenue share in 2017 as this testing focuses on the detection and enumeration of microorganisms using biological, biochemical, molecular, or chemical methods
GMO testing segment is projected to expand at a CAGR of 5.8% during the forecast years due to strict regulations regarding the cultivation of GMO seeds and rising instances of illegal GMO crops cultivation in the region
Meat, poultry, and seafood end-use segment accounted for a significant share of the market in 2017 as these products require testing on a regular basis for their microbiological quality as well as for the presence of chemical constituents
Market in Peru is expected to register a strong CAGR owing to rise in disease outbreaks in the country along with increased government regulations to ensure food safety
The market is highly concentrated with a few number of companies accounting for large market share along with the presence of numerous small-scale firms providing specialized services to food sector across the value chain

Hybrid Adhesives & Sealants Market Size Worth $22.50 Billion By 2025

The global hybrid adhesives and sealants market size is expected to reach USD 22.50 billion by 2025 according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.3% over the forecast period. Growing popularity of hybrid resins has led to its usage in adhesives and sealants. Increasing infrastructural developments and demand for lightweight vehicles are anticipated to augment the market during the forecast period.

The building and construction industry is witnessing considerable growth across the globe, especially in developing countries. Hybrid sealants are widely used in concrete sealing, joint filling, and cable sealing applications. Its ability to bond with different types of substrates, tolerate extreme weather conditions, compatibility with paints and coatings, and availability in different colors is boosting the demand.

Growing concerns toward environment and energy consumption have encouraged automotive manufacturers to increase the production for lightweight vehicles, where hybrid adhesives are of vital importance. Hybrid adhesives contribute significantly in reducing the weight of a vehicle. They offer strong adhesion and bonding for different types of materials that allows the usage of lightweight substrates in vehicle production and also eliminate the need for mechanical fasteners. This further leads to saving time and productivity along with enhanced fuel efficiency and less VOC emissions post-production. The increasing production of lightweight vehicles is anticipated to propel the global market.

Hybrid adhesives and sealants combine the superlative properties of both the resins, but seldom inculcate their disadvantages. This is a major factor driving the popularity and adoption of the product. MS polymer and epoxy-cyanoacrylate are the two hybrid resins, which are majorly used in their production.

MS polymer holds a significant market share owing to cost effectiveness and usage in the production of both hybrid adhesives and sealants. In terms of volume, the segment accounted for 69.8% market share in 2017 and this share is expected to increase over the forecast period.

The market witnesses competitive rivalry due to the presence of major industry players, such as Henkel Corporation, 3M, Wacker Chemie AG, H.B. Fuller, and others. The players are introducing new products and engaging major acquisitions for strengthening their market position.

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https://www.grandviewresearch.com/industry-analysis/hybrid-adhesives-sealants-market

Further key findings from the report suggest:

Building and construction was the largest application segment in 2017 on account of increasing propensity of builders towards hybrid adhesives and sealants and growth of the global construction market
In terms of revenue, epoxy-cyanoacrylate segment is expected to register a CAGR of 8.4% during the forecast period
In terms of revenue, Asia Pacific is likely to witness the fastest growth of 9.5% from 2017 to 2025 owing to rapid infrastructural developments especially in India and Southeast Asian countries
In Middle East and Africa hybrid adhesives and sealants market, the demand from automotive application is expected to expand at a CAGR of 13.2%, in terms of revenue, due to the increasing automotive production in Iran
In 2017, Sika launched two new products and acquired Turkey based ABC sealants, for strengthening its market position in the adhesives & sealants industry