Growing Demand for Empty Capsules Market Driving the Global Empty Capsules Market
Published: Jul 2022
Empty capsules market is anticipated to grow at a CAGR of 8.1% during the forecast period (2024-2031). The growing popularity of nutraceuticals and nutritional supplements among consumers has driven the demand for the global empty capsule market. Customization and the rise of personalized medicine have transformed the dynamic environment of the empty capsule market, which meets a wide range of consumer wants and preferences. To meet the growing product demand key players are expanding their production capacity and product lines.
Blockchain-Enabled Smart Contracts Drive the Growth of the Global Blockchain Technology in Manufacturing Market
Published: Jul 2022
The global blockchain technology in manufacturing market is anticipated to grow at a considerable CAGR of 68.0% during the forecast period (2022-2028). Blockchain is an unalterable digital ledger of transactions stored across many different nodes in a network. Blockchain allows for the implementation of smart contacts, a set of pre-programmed instructions that gets executed on meeting previously agreed terms and conditions. These tech-enabled smart contracts allow manufacturing companies to ensure quality materials purchased.
Integration of Emerging Technologies such as IoT and AI Drive the Growth of the Global Bioanalytical Testing Services market
Published: Jul 2022
The global bioanalytical testing services market is anticipated to grow at a CAGR of 10.6% during the forecast period (2022-2028). The surge in the demand for new drugs and growing competition among pharmaceutical companies have significantly increased the demand for bioanalytical testing services. The companies have been increasingly using the advanced technology required to support challenging biomarkers, immunogenicity, pharmacokinetic (PK), and cell-based assay requirements. As the complexity of drug types from small molecules to biologics and gene therapy has evolved, the demand for technology in monitoring the drug levels in the body has also significantly increased.
Strong Rise in Oil & Gas Production Activities is Driving the Global Fire Resistant Coatings Market
Published: Jul 2022
The global fire resistant coatings market is anticipated to grow at a CAGR of 4.5% during the forecast period. A significant rise in oil & gas production projects across the globe is a key factor driving the growth of the global fire resistant coatings market. The oil and gas industry contributes over 40.0% of intumescent coatings demand, backed by the increasing awareness about enforcing fire safety norms related to the industry. Looking towards the market demand, several key players are investing in intumescent coatings.
Blockchain Digital Passport Feature is to Boost the Global Used Car Market
Published: Jul 2022
The global used car market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. One of the key factors that are boosting the market is the increasing blockchain feature in the vehicle industry for saving the driving history of the vehicle. Such a system has become popular in recent years as it offers consumers to store the driving data of the vehicle which benefits them in insurance and selling their vehicle at the best price since the data informs about the actual vehicle condition.
Government Participation is Boosting the Global Truck Platooning Market
Published: Jul 2022
The global truck platooning market is anticipated to grow at an exponential CAGR of 28.9% during the forecast period. One of the key factors that are fueling the market is the support from the various government via promoting it, supporting it, and testing it. For instance, in April 2022, the European Commission published a report “Analysis of market needs, business models and life-cycle environmental impacts of multi-brand platooning” for analyzing multi-brand platooning.
The Rising Technological Advancement in Wearable Devices is Driving the Growth of the Wearable Technology Market Across the Globe
Published: Jul 2022
The global wearable technology market is anticipated to grow at an exponential CAGR of 12.8% during the forecast period. The rising technological advancement in wearable devices is driving the growth of the global wearable technology market. The increasing usage of smart wearables among young generation is also a major factor driving the growth of wearable technology market across the globe. Many companies are entering in wearable technology market due to high demand and introducing smart wearable technologies to attract customers.
The Growing Popularity of Veganism in Developed Economies to Bolster Market Growth Globally
Published: Jul 2022
The global vegan dessert market is anticipated to grow at a significant CAGR of 10.2% during the forecast period. The growing popularity and adoption of the vegan lifestyle in developed economies such as the US, Canada, and the UK, among others is the primary factor accelerating the market growth. In addition, this growing trend has increased the demand for dairy alternatives, which propels the consumption of oat-based, soy-based, and almond-based ingredients in the production of vegan desserts. Oat milk is a great dairy alternative for those who follow a vegan lifestyle as well as those with special dietary sensitivities or preferences.
The Rising Adoption of Healthy Lifestyle by the Population is Driving the Growth of the Sugar-Free Carbonated Drinks Market
Published: Jul 2022
The global sugar-free carbonated drinks market is anticipated to grow at a significant CAGR of 7.4% during the forecast period. A desire for a healthy lifestyle among people is driving the growth of the global sugar-free carbonated drinks market. People are shifting toward a healthy diet and reducing their sugar intake which increases the market for sugar-free carbonated drinks. The key market players in the sugar-free carbonated drinks industry are also focusing on new product launches and introducing new flavors to satisfy consumers and compete in the market.
Rising Sensitiveness towards Animals Along with Growing Adoption of Healthy Lifestyle Among Consumers Bolstering the Market Growth
Published: Jul 2022
The global plant-based sausage market is anticipated to grow at a significant CAGR of 15.4% during the forecast period. People are becoming more sensitive towards animals due to which there is an increasing number of consumers that are adopting vegan lifestyles. According to the National Survey commissioned online by the Vegetarian Resource Group (VRG) and the Harris Poll, approximately 46% of the US adult population prefers to eat vegetarian meals (always or occasionally). Additionally, around 20% of the US adult population always or sometimes eats vegan meals when eating out. Thus, such factors are accelerating the demand and consumption of plant-based sausages across the globe.