Wafer And IC Shipping & Handling Market Worth $14.16 Billion By 2025

The global wafer and integrated circuits (IC) shipping & handling market size is expected to reach USD 14.16billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to grow substantially over the forecast period on account of the rising demand for ICs in communication systems and consumer electronics.

The market is expected to witness significant growth over the forecast period on account of increasing demand for integrated circuit (IC) chips in communication systems, automotive and consumer electronics. In addition, the rising demand for ICs is expected to have a positive impact on the demand for silicon and integrated circuits (IC) processing & storage, shipping & handling markets, which is likely to drive the demand for wafer carriers over the projected period.

The raw material manufacturers are trying to integrate across various stages of the value chain, namely supply of raw material, manufacturing of the products and supply of the manufactured products to achieve higher profit margins and meet the rising consumer demand, by reducing the lead time.

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http://www.grandviewresearch.com/industry-analysis/wafer-integrated-circuits-ic-shipping-handling-market

Further key findings from the report suggest:

The demand for IC trays is expected to grow substantially over the forecast period as the product aids in bulk shipment and maximum protection to the ICs. It is most commonly used the product as an IC tray can accommodate between 10 and 400 chips, which is only a small portion of what is on a wafer.
JEDEC trays account for over 90% of the overall processing & storage products market. The high strength of the product coupled with the efficient design of the trays is expected to be the driving force in the processing application.
The demand for carrier tapes is expected to witness substantial growth over the forecast period on account of the utilization of different types of material to meet a variety of shipping & handling needs. Materials including polycarbonate and polystyrene are utilized in the manufacturing of carrier tapes, as they are non-conductive and possess antistatic properties.
Asia Pacific accounted for the largest revenue share on account of the presence of a large number of semiconductor manufacturers and integrated device manufacturers (IDMs). The growing demand for the ICs and silicon wafers in the region coupled with increasing exports from Taiwan and South Korea is expected to drive demand
The demand in the Middle East is spearheaded by Israel owing to the presence of manufacturers such as fabless, multinational design and fabs. As there are established local players such as Mellanox and Broadlight and startups Siverge and Anobit the demand for silicon wafers is high in the country resulting in high demand for wafer carriers.
The companies in the wafer and integrated circuits (IC) shipping & handling market are highly competitive and compete on the basis of prices and regional expansion. Global players such as Entegris and Dalau cater to their local market while catering to the demand across all the other regions.

Fire Trucks Market Size Worth $7.41 Billion By 2024

The global fire trucks market size is projected to reach USD 7.41 billion by 2024, at a registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for fire trucks owing to rising penetration in application segments, including residential & commercial, enterprises & airports, and military, is expected to drive market growth over the forecast period.

Growing infrastructure in the developing countries including India, China, South Korea coupled with increasing awareness regarding fire safety is expected to drive the demand for fire trucks over the next eight years. The demand in enterprises and airports for fire apparatus and increasing governmental regulations towards ensuring fire safety compliance is expected to be a contributing factor for market growth across the globe.

The market consists of raw material suppliers, manufacturers, distribution channels, and end user applications. The companies including Alexis Fire Equipment Co. and Xuzhou Handler Special Vehicle Co. Ltd. procure raw materials such as chassis and metal sheets required for manufacturing of fire trucks from the local suppliers, as it saves transportation costs. However, few companies including Gimaex International and Albert Ziegler GmbH purchase trucks instead of chassis from established truck manufacturers such as MAN and Scania, install the components and fire equipment, and sell them to the fire departments.

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http://www.grandviewresearch.com/industry-analysis/fire-trucks-market

Further key findings from the report suggest:

Residential & commercial application accounted for over 40% of the overall fire trucks market. Growing global population and resultant surge in building & construction activities have led the government to enforce stringent fire safety regulations across all sectors. This resulted in a significant increase in demand for fire trucks and is expected to drive market growth significantly over the forecast period.
China demand for fire truck was valued at over USD 650 million in 2015. High production capacity coupled with inexpensive labor are expected to be the driving forces for rising demand and supply for fire trucks in the country.In addition, growing application in manufacturing sector and residential sector is expected to aid market growth in China.
North America accounted for a large share of the market, and is expected to witness significant growth, growing at over 6% over the forecast period. Large number of fire stations and stringent regulations regarding fire safety are expected to be the key factors for market growth in the region.
The market in Europe, Middle East & Africa (EMEA) is expected to grow at a CAGR of over 5%. Product innovation, coupled with technological advancements in the industry, is expected to be the drivers of the EMEA market. However, high import prices are expected to restrain the market growth in Middle East & Africa.
Key players in the industry include Rosenbauer International AG, Oshkosh Corporation and Magirus GmbH. Auxiliary Power Unit is an idle-reduction technology designed by Rosenbauer International AG, specifically for use on fire apparatus; this is expected to save operating costs of endusers by a huge margin.

Heat Treating Market Size Worth $122.34 Billion By 2025

The global heat treating market size is expected to reach USD 122.34 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 3.5% CAGR during the forecast period. Increasing penetration of metal treatment services in automotive, aerospace, construction, energy, and metalworking applications is expected to act as a key market driver over the forecast period.

Steel is a key material used in the metal heat treatment industry. Increasing use of steel in construction and machining applications is projected to positively impact segment growth over the forecast years. Other metals commonly used include aluminum, iron, copper, and nickel. Aluminum is expected to witness significant growth on account of increasing penetration of the metal in aerospace and automotive industries.

The most commonly used processes for heat treatment include hardening and tempering, case hardening, and annealing. Case hardening is expected to witness significant growth over the forecast period due to growing popularity of carburizing, nitrding, and carbonitriding for surface hardening in metalworking and machining applications.

Automotive emerged as the dominant application segment in terms of market share in 2016. However, aerospace is expected to witness highest growth during the next eight years on account of a rapidly-growing aerospace industry in emerging economies worldwide. Companies in the domain including Bluewater Thermal Solutions; Bodycote Heat Treatments Ltd.; Summitglow Ltd.; Ajax Tocco International; and Metcor Inc. are involved in furnace manufacturing, treatment services, and surface treatment facilities.

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https://www.grandviewresearch.com/industry-analysis/heat-treating-market

Further key findings from the report suggest:

The heat treating market was valued at USD 90.73 billion in 2016 and is expected to exhibit a CAGR of 3.5% from 2017 to 2025. The market is primarily driven by increasing demand for metal treatment services from key end-use verticals
The cast iron material segment was valued at USD 9.43 billion in 2016 and is projected to witness comparatively slower growth over the forecast period. This can be attributed to increasing use of other metals such as aluminum, copper, titanium, and nickel in various end-use industries
In 2016, the case hardening process segment was valued at USD 23.99 billion, expanding at the highest CAGR of 3.7% over the forecast period. This growth can be attributed to increasing use of carburizing for surface hardening as opposed to conventional hardening
Asia Pacific dominated the global market in terms of revenue; the market was valued at USD 34.21 billion in 2016 and is projected to expand at a CAGR of 3.9%. Rapid growth in key end-use industries across emerging economies of India, China, Indonesia, and Vietnam, among others is expected to benefit regional market growth over the forecast years
Key industry participants are engaged in technical collaborations, mergers with furnace manufacturers, and strategies to expand geographical reach in order to increase profit margins and application portfolios.

Welding Equipment Market Size Worth $18,170.0 Million By 2025

The global welding equipment market size is expected to reach USD 18,170.0 million by 2025, registering a CAGR of 6.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. A notable rise in manufacturing and construction activities across the globe is expected to boost the growth of the market over the forecast period. Increasing adoption of automated solutions is a key trend observed in the market.

The growing demand for lightweight cars across the globe is expected to drive the demand for advanced products over the next six years. Introduction of new technologies in the market is expected to generate opportunities for market players. For instance, development of the friction stir welding technology for the automotive sector, which helps avoid toxic fumes and eliminates the use of solvents required for degreasing is further expected to drive the market growth.

The global rise in demand for oil and natural gas and an increase in exploration and production activities are expected to propel the growth of the market over the forecast period. The growing acceptance of advanced equipment, processes, and technologies among automakers are also likely to propel the growth of the market in the near future. Furthermore, the introduction of advanced and smarter automatic machines, which help companies minimizes their dependency on manual labor, is expected to further drive the welding equipment market in the near future.

Manufacturers are focusing on developing new technologies and related education and training content, which can improve safety, quality, and productivity of fusing processes across industries. For instance, in November 2018, Panasonic Industry Europe GmbH and DVS, a German welding industry association, announced collaboration to train operators of automatic equipment following industry guidelines. The training program helped the company to avoid a shortage of expert and experienced resources.

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https://www.grandviewresearch.com/industry-analysis/welding-equipment-market

Further key Findings from the Study Suggest:

In terms of technology, the oxy-fuel segment is anticipated to witness remarkable growth over the forecast period. This growth can be attributed to its advantages such as its portable nature and low maintenance costs
In terms of equipment, the automatic segment is expected to emerge as the fastest-growing segment over the next six years. Notable developments in software, coupled with improved capabilities of robots to weld any kind of material, is expected to strengthen the growth prospects of the segment
The marine application segment is anticipated to register significant growth over the forecast period. The rise in international trade and commerce, coupled with the growing trend of luxury cruising, is expected to boost the growth prospects of the marine application segment over the forecast period
The Asia Pacific regional market is expected to retain its dominance in the market over the forecast period. The growth can be attributed to the developments observed in the automotive sector, a notable rise in industrial activities, and expanding construction and transportation industries
Prominent industry participants include Illinois Tool Works Inc., ACRO Automation Systems Inc., voestalpine Böhler Welding GmbH, Carl Cloos Schweisstechnik GmbH, Panasonic Industry Europe GmbH, Air Liquide, Daihen Corporation, and Coherent-ROFIN.

Hand Care Market Size Worth $16.9 Billion By 2025

The global hand care market size is anticipated to reach USD 16.9 billion by 2025,expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. The market is driven by increasing health, hygiene, and wellness concerns, risks of communicable diseases, rise in health expenditure, and change in lifestyle.

The market finds vast applications, majorly focusing on hand hygiene. According to WHO, the primary measure to reduce infections is hand hygiene. Moreover, challenges like “Clean Care is Safer Care” by WHO to improve and promote hygiene practices and standards are contributing to the growth of the hand care market.

In 2018, the hand wash segment held the largest share of over 40.0% owing to its benefits of providing basic hygiene. Based on the U.S. Census data and Simmons National Consumer Survey (NHCS), 298.63 million Americans used liquid hand wash. The sanitizer segment is expected to expand at a CAGR of 4.8% over the forecast period due to its hassle free use. The beauty products market is also expected to witness significant growth over the next few years due to availability of a large variety of care solutions catering to specific problems. These products include moisturizers and sunscreens. For instance, a new e-commerce startup named Public Goods, which deals in hand care products with natural and organic products, have moisturizers and sunscreens to protect the skin.

On the basis of distribution channel, the online segment is anticipated to expand at the highest CAGR over the forecast period. The growth is a result of high penetration of e-commerce and usage of smart phones. For instance, the user penetration of e-commerce was 51.0% in 2019 and is expected to hit 58.5% in 2023.

Asia Pacific held the largest share due to high product consumption, majorly hand creams. The Middle East and Africa is expected to exhibit the highest CAGR of 5.1% during the forecast period owing to increasing demand.

Leading players of the market include Unilever; Procter & Gamble; Johnson & Johnson Services, Inc.; PHILOSOPHY, INC.; Coty Inc.; Beiersdorf; Lynx; Whealthfields Lohmann; and Jahwa. Companies are focusing on product launches, natural and organic product development, and adding soothing fragrances in order to gain competitive advantage over others. For instance, Amway India launched “Persona Germ Protection and Moisturizing” liquid hand wash, which is free from widely used preservatives like sulphate, paraben, and triclosan.

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https://www.grandviewresearch.com/industry-analysis/hand-care-market

Further key findings from the report suggest:

On the basis of product type, the sanitizer segment is expected to exhibit the highest CAGR of 4.8% over the next few years. Hand wash held the largest share of more than 40.0% in 2018 and is expected to maintain its share in the coming years
Hypermarket & supermarket accounted for the largest share in terms of revenue among the distribution channels. The online segment is estimated to expand at the highest CAGR over the forecast period
Various manufacturers are concentrating on new product launches, organic and natural ingredients, and product innovation to gain competitive advantage.

Snack Bars Market Size Worth $31.60 Billion By 2025

The global snack bars market size is projected to reach USD 31.60billion by 2025 expanding at a CAGR of 6.64% from 2019 to 2025, according to a new report by Grand View Research, Inc. Changing consumer lifestyles and food patterns are expected to drive the demand for convenient food products, such as snacks bar. The richness of fiber and iron in granola/muesli bars has made it the dominant product segment of the global market. Whereas, increasing awareness about the health benefits offered by energy and nutrition bars lists it as the fastest-growing product segment.

Supermarkets/hypermarkets hold the dominant market share as these stores have a variety of products at discounted prices. However, the online distribution channel is projected to emerge as the fastest-growing segment over the forecast period. Developed countries, such as U.S, Japan, and China, have well-established markets for healthy bars. On the other hand, emerging countries like India can offer new growth opportunities for the global market. Increasing population and awareness regarding health and fitness programs is also likely to boost the market.

Business expansions and product launches are the major strategies adopted by key companies in this market. For instance, a Russian company called Bio Food Lab will expand its business in emerging countries of APAC. Kellogg’s launched special K-bars. Availability of substitutes of these nutritious foods in the market may have a negative impact on the market growth. North America is the dominant regional market followed by Europe.

Asia Pacific is said to be the fastest-growing region due to rising popularity of sports as career option and increasing disposable income and number of nuclear families in the region. Companies such as Quaker Oats, Kellogg’s, Nature Valley have a prominent share in the market Manufactures are focusing upon improving a variety of snack bars. The merger of KIND Bars with Mars; a prominent player in the market, has increased its presence of these products to drive the product variety in the market.

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https://www.grandviewresearch.com/industry-analysis/snack-bars-market

Further key findings from the study suggest:

North America led the global snack bars market in 2018. The region is said to maintain its dominance over the forecast years due to the strong presence of prominent companies
Asia Pacific it is expected to witness the fastest market growth from 2019 to 2025 due to increasing health consciousness and product awareness in emerging economies like India
The industry is highly competitive. Key companies including Nature Valley, Kellogg’s, Alpen And Jordan, Quaker Oats, Kind Bars, Cliff Bars, Earnest Eats, Mars, Oriole Healthy Foods, And the Hain Celestial Group

Natural Cosmetics Market Worth $48.04 Billion by 2025

The global natural cosmetics market size is expected to reach a value of USD 48.04 billion by 2025, at a CAGR of 5.01% from 2019 to 2025, according to a report published by Grand View Research, Inc. High demand for natural health and wellness products among millennials due to increasing awareness about the harmful impact of synthetic chemicals is driving the growth. In addition, increasing R&D expenditure is likely to propel the growth.

The supermarket and hypermarket segment was estimated to be valued at USD 13.67 billion, in 2018, followed by convenience stores; owing to rising demand for natural cosmetics. The online market is anticipated to expand at a CAGR of 4.47% during the forecast period. Consumer can access a wide range of natural cosmetics online, which is expected to remain the key driver for the segment. Opportunity to obtain the natural products online when it is not available at conventional stores is anticipated to contributing to the growth.

Natural cosmetics for skin care was estimated to have the highest revenue share of USD 10.31 billion in 2018 followed by hair care. Growing awareness and popularity for natural cosmetics is the key factor driving the demand. Natural fragrance market is expected to register a CAGR of 5.03% over the forecast period. Demand for products free from harsh cleaners, petrochemicals, preservatives, and other chemicals, has been growing over the past few years. Major market players have been significantly investing more into R&D to boost the production to cater to the changing consumer preference.

Various market players are involved in manufacturing a variety of natural cosmetics such as body lotions, scrubs, masks and exfoliators, shampoos, perfumes, and lip care. Companies namely 100% pure, and Au Natural among others have launched products, such as lip glosses, concealers, and multi-use products made of natural contents i.e., mineral and natural pigments, botanical and plant derived ingredients.

Europe was estimated to be the largest regional segment of natural cosmetics in 2018 with a market value of USD13.06 billion and is expected to continue growing over the forecast period. The growth is expected to be driven by rising demand for natural cosmetics. A few years back L’Oréal SA launched Botanea which is 100% plant based hair dye manufactured with the combination of three plants found in India. Key market players include as; Burt’s Bees; 100% Pure; Korres S.A; Bare Escentuals Beauty Inc.; L’Oréal SA; AVEENO; Weleda AG; Arbonne International LLC; Avon Product Inc.; and Coty Inc.

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https://www.grandviewresearch.com/industry-analysis/natural-cosmetics-market

Further key findings from the report suggest:

In terms of revenue, fragrance product is expected to register a CAGR of 5.03% from 2019 to 2025
Skin care held the leading market share of 30.22% in 2018 and is expected to register a steady growth over the forecast period
Europe led the natural cosmetics market in 2018 and is projected to continue leading over the next few years. Growing fragrance segment on account of huge demand of natural products is expected to propel the growth
Asia Pacific, due to increasing exposure and demand of natural beauty products, is expected to drive the demand over forecasted period
The market is highly competitive in nature. The main players include Burt’s Bees; 100% Pure; Korres S.A.; Bare Escentuals Beauty Inc.; L’Oréal SA; AVEENO; and others
Various manufacturers are concentrating on new product launches and capacity expansion, to estimate existing and future demand patterns from upcoming product segments.

Portable Bluetooth Speakers Market Size Worth $2.64 Billion By 2025

The global portable bluetooth speakers market size is expected to reach USD 2.64 billion by 2025 recording a CAGR of 11.7%, according to a new report by Grand View Research, Inc. Developments in home entertainment systems and advent of smart homes and AI- and Wi-Fi-enabled devices are projected to remain prominent trends in the market over the forecast years. Usage of streaming media and services on personal internet devices provide the convenience of music and videos on-the-go, which is also boosting the market for portable Bluetooth speakers. Shifting preference towards Wi-Fi-enabled devices owing to great compatibility is also expected to contribute to the growth.

The technology provides clear sound through streaming media and internet radio. The emergence of devices with advanced features, such as multiple pairing of speakers over large connectivity range, is expected to promote the product. For instance, in August 2018, Sonos, Inc. launched its smart speaker. In January 2017, POLK AUDIO launched Polk MagniFi Mini portable speaker with a Chromecast built-in streamer. In September 2018, Amazon.com, Inc. launched Echo and Echo Dot, a voice-activated speaker. Changing lifestyle in developing economies like China and India has led to an increased product demand. Rising popularity of smart home and home theatre systems is also expected to promote the scope of Bluetooth-enabled devices including portable speakers.

Moreover, rising proliferation of connected devices, mobility, and increasing penetration of Wi-Fi network remain key driving factors for the market. Key companies strives for product innovation to offer improved convenience and advanced technology. While smaller firms are entering the product category with same product features to explore the market scenario. For instance, in January2019, Acoosta launched Acoosta Uno portable speakers. It has an in-built collection of more than 14000 songs from 1000 artists. In September 2018, ZOUND INDUSTRIES, under its brand Marshall, launched Killburn II with a clear mid-range, deep bass, and extended highs. Furthermore, the companies are focusing on M&A to gain a competitive edge over others.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/portable-bluetooth-speakers-market

Further key findings from the report suggest:

The commercial application is expected to witness a CAGR of 11.6% from 2019 to 2025
Online distribution channel segment is expected to account for around 39% of the global share by 2025
Rising importance of e-commerce portals as selling medium is expected to remain the favorable factor for the segment
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. Increasing internet penetration in India and China is expected to open new avenues for the market in future
Major companies in the market include Samsung Group, Sony Corp., VOXX Electronics Corp., Plantronics Inc., Beats Electronics, ULTIMATE EARS. Most of these firms are investing in R&D for product differentiation

Blow Molded Plastics Market Size Worth $96.2 Billion By 2027

The global blow molded plastics market size is anticipated to reach USD 96.2 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.8% over the forecast period. The growth can be attributed to increasing product demand from application industries. In the past few years, there has been a significant advancement in technologies and equipment for manufacturing blow molded plastics, which has enabled manufacturers to cater to specific requirements for several application industries such as automotive, building and construction, packaging, and others.

Polyethylene Terephthalate (PET) has several applications in packaging industry including the use of PET for manufacturing bottles intended for the packaging of food and beverage products. This is expected to drive its demand over the forecast period. In this global COVID-19 pandemic, the demand for Polypropylene (PP) and PET is expected to grow on account of rising demand for face masks, protective gowns, and packaging bottles for hand sanitizers.

Extrusion blow molded plastics was the largest and the fastest growing technology segment in 2019. The extrusion blow molding technology is a revolutionary form of blow molding process as it has revolutionized the plastic manufacturing sector. One of the main advantages of this process is that it enables the manufacturers to increase output along with the efficiency of providing customized products. Moreover, cheaper mold cost compared to other processes makes it a cost-effective technology. Hence, it is expected to be the largest technology segment as it is used to manufacture plastic products for several end-use industries.

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https://www.grandviewresearch.com/industry-analysis/blow-molded-plastics-market

Further key findings from the study suggest:

Polyethylene (PE) was the largest product segment in 2019. PE compounds are dominantly used across various industries and have been an integral material for packaging industry
Acrylonitrile Butadiene Styrene (ABS) to emerge as the fastest growing product segment owing to increasing demand from the automobile industry. It is used for manufacturing enclosures for electrical and electronic assemblies, automotive trim components, and protective headgears
Asia Pacific accounted for 33.51% of the overall revenue share in 2019. China is anticipated to witness a CAGR of 3.8% during the forecast period
Favorable federal regulations by agencies such as Environmental Protection Agency (EPA), California Air Resources Board (CARB), and Scottish Environmental Protection Agency (SEPA) regarding carbon emissions along with EU initiatives to develop blow molding applications for manufacturing light and fuel-efficient cars are likely to boost global market growth

Medium Chain Triglycerides Market Size Worth $2.7 Billion By 2027

The global medium chain triglycerides market size is expected to reach USD 2.7 billion by 2027, expanding at a CAGR of 6.8%, according to a new report by Grand View Research, Inc. Growing consumer inclination towards natural and organic alternatives coupled with augmented demand for dietary supplements is expected to drive the market for medium chain triglycerides (MCT) over the forecast period.

MCTs are composed of medium chain fatty acid attached to carbon chain ranging from C6 to C12. The prominent raw materials used for MCT extraction include coconut, palm kernel, palm, rapeseed, sunflower, and soybean oils. However, coconut oil is preferred over other oils owing to its high MCT composition accounting for approximately 60 to 70 percent. Palm kernel oil after coconut is also used on the large scale for product manufacturing owing to largescale production globally resulting due to high consumption among consumers.

Commercially, the product is extracted using fractionation process which separates MCTs from other fats, naturally present in vegetable oils. However the extraction process is capital intensive which is proving to be a major constrain in production. Furthermore, the fluctuating prices of raw materials such as coconut and palm kernel oil many affect the prices of finished products.

The product is gaining popularity among several pharmaceutical, beverage, and nutritional supplement manufacturers owing to the anti oxidant, and anti microbial properties exhibited by the product. The pharmaceutical formulation requires extremely pure and high-quality extracts, which are further used to treat gastrointestinal, liver, and cardiovascular disorders.

MCTs infused supplements are being consumed on a large scale across the globe due to changing food consumption pattern, improved lifestyle, and rise in consumer spending. Furthermore, increasing demand for safe and healthy products coupled with a rising number of individuals suffering from, obesity, and various other diseases is projected to drive market for MCTs over the coming years.

In 2019, Asia Pacific emerged as the fastest growing regional market for MCT owing to growing consumer health awareness and a diet-conscious population increasingly seeking functional benefits from dietary supplements in this region.

North America emerged as the largest market for MCT over the forecast period owing to rising consumption of dietary supplements that offer several health benefits such as weight loss promotion and blood sugar regulation .The recent outbreak of COVID-19 pandemic is expected to augment the consumption of dietary supplements in the coming years. MCT based supplements act as immunity boosters, which helps in proper body functioning and reduce disease occurrence. This is expected to positively impact the market for MCT over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/medium-chain-triglycerides-mct-market

Further key findings from the study suggest:

In terms of revenue , Asia Pacific emerged as the fastest growing region in the market across the globe
Dietary and healthy supplements accounted for market share of approximately 58.0% by volume and emerged as a prominent application segment in 2019
Asian countries particularly India and China are likely to witness a remarkable growth in next seven years
The industry is fragmented and competitive in nature, with presence of major global players such as BASF SE, DSM, DuPont, Wilmar International Ltd, and Croda International Plc.
Growing demand for nutritional and functional food products is expected to drive the product consumption in dietary and health supplement formulations.