New Product Developments is Driving the Global Infant Formula Ingredients Market
Published: Sep 2020
The global infant formula ingredients market is anticipated to grow at a CAGR of 7.1% during the forecast period. New product development by the key market players such as Vitablend Nederland B.V., Carbery Food Ingredients Ltd., and AAK AB among others is a key factor driving the global infant formula ingredients market. For instance, in July 2022, Debut Biotechnology, Inc. announced a joint development agreement with GeneChem Inc., a Korean biotech company to develop a group of rare human milk oligosaccharides (HMOs).
Advancements in the Food Packaging to Accelerate Global Food Packaging Market
Published: Sep 2020
The global food packaging market is projected to grow at a CAGR of 6.5% during the forecast period. The key factors that drive the growth of the market include several advancements in the food packaging industry. Some of the advancements include active packaging, antimicrobials, intelligent packaging, and nanotechnology in packaging. The industry has been significantly introducing advanced packaging options that have led to improved food quality and safety.
Personal Care and Pharmaceutical Applications of Various Fatty Alcohols will Propel the Fatty Alcohol Market Size
Published: Sep 2020
The global fatty alcohol market is anticipated to grow with a significant CAGR of 5.7% during the forecast period. The growth of the fatty alcohol market is owing to the increasing use of fatty alcohols such as Cetearyl alcohol instead of regular alcohols such as ethanol in personal care products. Various fatty alcohols are used in the production of lotions, shampoos, and conditioners that are not harmful to the skin.
Wide Range of Epoxy Resins Application will Propel the Growth of the Epoxy Resins Market
Published: Sep 2020
Global epoxy resins market is estimated to grow with a significant CAGR of around 6.8% during the forecast period. The growth of the epoxy resins market is attributed to their mechanical properties and resistance to thermal stress & degradation over time which is makes them useful for most of the industrial application. The range of epoxy resin applications includes in a carbon fiber, fiberglass, metal, plastics and many more.
Increasing Adoption of Caramel Colorant for Various Food and Non-Food Application will Propel the Growth of the Caramel Ingredients Market
Published: Sep 2020
The global caramel ingredients market is anticipated to grow with a significant CAGR during the forecast period. The general process to manufacture caramel is "caramelization" which can be obtained by any type of sugar. In the process, the sugar is heated slowly to 170 oC, due to which, the molecule breaks down and caramel is formed which has a deep, rich flavor and dark golden brown color.
Wide Range of Application of Biocides will Drive the Growth of the Biocides Market
Published: Sep 2020
The global biocides market is anticipated to grow with a significant CAGR during the forecast period. Biocides are used to control/end the harmful organisms present in water with its chemical & biological process and makes it suitable for drinking purpose. Therefore, the increasing demand for clean and safe water for industrial as well as domestic use across the globe will significantly aid the growth of the biocides market.
Regulatory Norms to Affect Asia-Pacific Food Packaging Market Growth
Published: Sep 2020
The Asia-Pacific food packaging market is projected to grow at a CAGR of 8.1% during the forecast period. The key factors that drive the growth of the market include the regulatory norms in the key economies including India, China, among others. Regulations in these economies are primarily focussed on food quality, safety, and food packaging products.
Billion-Dollar OTC Drugs Market in the US
Published: Sep 2020
The US OTC drug market is anticipated to grow at a CAGR of 5.8% during the forecast period (2019-2025). The pharma players are increasingly shifting towards the OTC landscape owing to the growing preference of consumers and are bringing new drugs at an affordable price in the market.
Increasing preference of OTC Medications for Minor Ailments Drive the OTC Drugs Market
Published: Sep 2020
The North American OTC drug market is anticipated to grow at a CAGR of 6.2% during the forecast period (2019-2025). The market growth is attributed to the increasing shift of pharma players towards the OTC landscape owing to the growing preference of consumers for OTC drugs.
German Pharmaceutical Industry to Contribute Significantly to the European OTC Drugs Market
Published: Sep 2020
The European OTC drugs market is anticipated to grow at a CAGR of 5.9% during the forecast period (2019-2025). The market growth is attributed to the increasing trend of self-medication in the region coupled with the increasing requirement for reducing healthcare costs.