Month: March 2023

According to IMARC Group’s latest report, titled “Retort Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global retort packaging market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Retort packaging refers to sealing cooked or semi-cooked food materials into flexible and sterilized plastic pouches to keep them fresh for an extended time period without preservatives. It comprises multiple steps, such as heat sterilizing the cooked food to free it from contaminants and kill microorganisms, pouring it into retort pouches, and placing the bags in an autoclave to steam sterilize for retaining the flavor of the food. It is compact, easy to handle, and reduces the requirement for excessive storage space and logistic costs. It is manufactured from polyester, aluminum foil, nylon, and polypropylene cover laminated together with thermostable adhesives to protect the inner contents from light, odors, and abrasion. It is leakproof, can withstand temperature changes, and requires minimum energy for production. Retort packaging is durable and environment-friendly and maintains the flavor, texture, and aroma of the food. It also prevents fungal and bacterial growth and restricts any enzyme action in the packaged food. It does not corrode externally and preserves the pH of the contents. It heats the packed food and enables effective branding with rotogravure printing. As a result, it is widely utilized in the food and beverage (F&B) and defense industries across the globe.

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Market Trends

The growing demand for retort packaging in the food industry due to the rising demand for ready-to-eat (RTE) food products among the masses around the world represents one of the key factors driving the market. Besides this, the increasing consumption of processed and convenient foods, such as instant noodles, soups, burritos, and bagels, among working individuals to save time in preparation and cleaning is propelling the growth of the market. In addition, the rising utilization of retort packaging for wet pet foods to retain their quality, flavor, and texture for an extended period of time is contributing to the growth of the market. Apart from this, the growing number of food supply channels selling seasonal foods all around the year worldwide is positively influencing the market.  Additionally, the rising utilization of eco-friendly and food-safe packaging in the food and beverage (F&B) industry due to the increasing environmental awareness and health consciousness among the masses is strengthening the growth of the market. Furthermore, key players operating in the industry are investing in research and development (R&D) activities to enhance the quality and sustainability of retort packaging and expand their product portfolio, which is bolstering the growth of the market.

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List of Key Companies Covered in this Market Report:

• Amcor plc (NYSE: AMCR)
• Clifton Packaging Group Limited
• Constantia Flexibles
• Coveris
• DNP America LLC (Dai Nippon Printing Co. Ltd.)
• FLAIR Flexible Packaging Corporation
• Huhtamäki Oyj (HEL: HUH1V)
• Mondi plc (LON: MNDI)
• Otsuka Holdings Co. Ltd. (TYO: 4578)
• ProAmpac
• Sealed Air Corporation
• Sonoco Products Company (NYSE: SON)
• Tetra Pak (Tetra Laval Group)

Breakup by Packaging Type:

• Pouches
• Cartons
• Trays
• Others

Breakup by Material Type:

• Polypropylene
• Polyester
• Aluminum Foil
• Paper Board
• Nylon
• Food Grade Cast Polypropylene
• Others

Breakup by End User:

• Food
• Beverages
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
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Address: 134 N 4th St. Brooklyn, NY 11249, USA
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According to IMARC Group’s latest report, titled “Non-Alcoholic Beverage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global non-alcoholic beverage market size reached US$ 882 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,443 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Non-alcoholic beverage refers to a non-intoxicating beverage that contains a very less amount of alcohol. It encompasses a wide range of refreshment beverages, including energy drinks, soft drinks, tea, coffee, juice, squash, hot chocolate, bottled water, and probiotics. It promotes post-exercise recovery, improves cardiovascular health, stimulates breast milk production, reduces risks of osteoporosis, promotes better sleep, reduces anxiety and stress, and improves metabolism. Additionally, it contains fewer calories as compared to alcoholic drinks, which assists in promoting weight management and melting abdominal fat. As a result, it is extensively used in the food and beverage (F&B) industry across the globe.

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Market Trends

At present, rising standards of living and the growing consumer awareness about maintaining health and wellness represent one of the key factors positively influencing the market. Hectic work schedules and sedentary lifestyles are increasing the consumption of ready-to-drink (RTD) beverages, which, in turn, is propelling the market growth. In addition, changing food consumption patterns of individuals, along with escalating demand for processed food products across the globe, are driving the market. Along with this, the expansion of the retail sector is making it convenient for consumers to choose from numerous non-alcoholic beverages available in the market. The increasing prevalence of diseases and incorporation of health enhancement formulations in the product is also positively influencing the market.

Moreover, increasing consumer awareness about the adverse effect of alcohol consumption on their health is encouraging key market players to introduce more non-alcoholic variants. Apart from this, these beverages assist in rehydrating the body, enhancing digestive functioning, improving cognitive abilities, and promoting better health, which is catalyzing their demand. In addition, the rising focus of market players on marketing strategies, such as celebrity endorsement, is supporting market growth. Besides this, governments of various countries are organizing awareness programs to minimize alcohol intake, which is offering lucrative growth opportunities to manufacturers. Moreover, the introduction of multiple product variants with similar colors, textures, and tastes to alcoholic beverages is impelling the market growth. Non-alcoholic beverages contain vitamin C, B6, folates, carbohydrates, calcium, and magnesium, which improve bone health and PMS symptoms and prevent migraine attacks. This is encouraging consumers to replace sugar-sweetened beverages (SSB) with non-alcoholic beverages and, in turn, driving their demand. Additionally, the introduction of natural ingredient-based non-alcoholic drinks due to the growing concerns for synthetic flavors, artificial colors, and chemical preservatives is offering lucrative opportunities to the manufacturers to introduce bio-based product variants and increase their existing sales.

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List of Key Companies Covered in this Market Report:

• Arizona Beverage Company
• Asahi Group Holdings Ltd. (TYO: 2502)
• Danone S.A. (OTCMKTS: DANOY)
• Keurig Dr Pepper Inc. (NASDAQ: KDP)
• Nestlé S.A. (OTCMKTS: NSRGY)
• Parle Agro Pvt. Ltd.
• PepsiCo Inc. (NASDAQ: PEP)
• Primo Water Corporation (NYSE: PRMW)
• Red Bull GmbH
• Suja Life LLC
• Suntory Beverage & Food Limited (OTCMKTS: STBFY)
• The Coca-Cola Company. (NYSE: KO)

The report has segmented the market on the basis of product type, packaging type, distribution channel and geography.

Breakup by Product Type:

• Carbonated Soft Drinks
• Juices
• Bottled Water
• Sports and Energy Drinks
• RTD Tea and Coffee
• Others

Breakup by Packaging Type:

• Bottles
• Cans
• Cartons
• Others

Breakup by Distribution Channel:

• Retail
• Food Service
• Supermarkets and Hypermarkets
• Online Stores
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to IMARC Group’s latest report, titled “Protein Bar Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global protein bar market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.47% during 2023-2028.

A protein bar is a nutrition bar prepared from dates, dried fruit, nuts, seeds, and whole grains like oats and quinoa. It is consumed as a portable meal replacement by individuals preferring a healthy diet. It has essential nutrients, such as carbohydrates, fats, minerals, vitamins, and protein. It consequently aids in promoting weight management, boosting energy, strengthening bones and muscles, minimizing blood sugar levels, and maintaining a balanced diet. It is readily available through online and offline retail platforms. At present, the emerging trend of the gym and rising adoption of a protein-based diet is catalyzing the demand for protein bars across the globe.

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Market Trends

At present, factors like rapid urbanization, expanding purchasing power, and the increasing inclination of individuals towards a healthy and nutritious diet are among the major factors positively influencing the demand for protein bars around the world. In addition, there is a shift in consumer preference for convenient snacking options like protein bars on account of busy lifestyles, which is contributing to the market growth. Moreover, the growing health consciousness among individuals and the increasing awareness among the masses about the benefits of consuming protein bars is driving the market. The rising prevalence of obesity and other lifestyle diseases is also favoring the market growth. Along with this, the increasing focus of people on their physical appearance is catalyzing the demand for meal supplements like protein bars to maintain a desirable body shape and size. In addition, the rising need for clean label products and avoiding allergens is increasing the demand for plant-based protein bars. Apart from this, the rising participation of individuals in recreational sports, fitness, and athletic activities is creating a positive outlook for the market. The emerging popularity of protein bars among sports athletes, bodybuilders, and sportspeople for replacing their meals is also propelling the growth of the market. Furthermore, product manufacturers are investing in advertising campaigns, such as celebrity and influencer endorsements, for improving their existing sales and profitability. They are also introducing gluten-free and organic product variants in multiple flavors like chili chocolate, chocolate almond,  peanut, blueberry, orange and herbal to expand their product portfolio. This is providing lucrative growth opportunities to leading players operating in the industry. Besides this, the increasing trend of gifting unique premium items in innovative wrappers and labels is anticipated to provide a thrust to the growth of the market in the coming years.

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List of Key Companies Covered in this Market Report:

• Amway Corp.
• Caveman Foods LLC
• Clif Bar & Company (Mondelez International Inc.)
• General Mills Inc.
• Hormel Foods Corporation
• Kellogg Company
• Mars Incorporated
• Nestlé S.A.
• NuGo Nutrition
• Orgain Inc.
• Premier Nutrition Company LLC (BellRing Brands Inc.)
• The Simply Good Foods Company.

The report has segmented the market on the basis of source, type, distribution channel and region.

Breakup by Source:

• Plant-Based
• Animal-Based

Breakup by Type:

• Sports Nutrition Bar
• Meal Replacement Bar
• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

Breakup by Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to IMARC Group’s latest report, titled “Omega 3 Supplements Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global omega 3 supplements market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

Omega 3 fatty acids are essential fats found naturally in food items, such as fish, vegetable oils, nuts, flax seeds, and leafy vegetables. They ensure proper structural maintenance and functioning of the nervous and cardiovascular systems by providing adequate energy to the body. They play a vital role in the development and maintenance of brain cells. Besides this, including omega 3 supplements in the diet helps prevent rheumatoid arthritis, slows down the progression of age-related muscular degradation, and reduces levels of triglycerides. As a result, omega 3 supplements are gaining immense traction across the globe, especially among fitness enthusiasts.

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Market Trends

The increasing prevalence of heart disease and a significant rise in omega 3 fatty acid deficiency among individuals due to changing dietary patterns represent one of the key factors positively influencing the market. The omega 3 fatty acid rich diet improves the conditioning effect on brain health, eyes, and the blood circulatory system of the body. On account of this, they are increasingly being used in dietary supplements, pharmaceuticals, infant formulas, food and beverages (F&B), pet food, and fish food, which is catalyzing their demand in the market. Apart from this, the growing consumer focus on living a healthy lifestyle and increasing awareness about the benefits of omega 3 supplements are driving the market. Furthermore, suboptimal nutrient intake due to food insecurity and poor diet quality are increasing the frequency of strokes, depression, Alzheimer’s disease, and other conditions affecting the brain, nervous system, and mental health. This is increasing the sales of omega 3 supplements in the market. Besides this, omega 3 fatty acids play an essential role in fetal growth and development. Therefore, there is a rise in the consumption of these supplements throughout pregnancy, which is encouraging manufacturers to focus on maintaining the quality of these supplements and expanding their market base. Additionally, omega 3 fatty acids are beneficial for the overall well-being of dogs. They help strengthen their immune system, reduce inflammation and increase their ability to fight against diseases. Moreover, the easy availability of these supplements online and in retail outlets, coupled with doorstep delivery and secured payment gateways, is strengthening the growth of the market. In line with the rising demand for plant-based supplements among consumers is compelling investors to provide sustainably sourced plant-based variants.

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List of Key Companies Covered in this Market Report:

• 1-800-Flowers.com Inc.
• Aker BioMarine ASA
• Carlson Labs
• Green Pasture Products LLC
• KD Pharma Group
• Natrol LLC
• Nordic Naturals Inc
• Now Foods
• NutriGold Inc.
• OmegaBrite
• Optimum Nutrition Inc.
• Pharma Nord
• The Bountiful Company.

Breakup by Source:

• Fish Oil
• Krill Oil
• Algae Oil
• Others

Breakup by Form:

• Tablets
• Capsules
• Soft Gels
• Others

Breakup by Functionality:

• Cardiovascular Health
• Brain, Nervous System and Mental Health
• Eye Diseases
• Diabetes
• Others

Breakup by Distribution Channel:

• OTC
• Prescribed

Breakup by End User:

• Adults
• Geriatric
• Pregnant Women
• Children
• Infants

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to the latest report by IMARC Group “Robot End Effector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global robot end effector market size reached US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2027, exhibiting a growth rate (CAGR) of 15.14% during 2022-2027.

A robot end effector, also known as end-of-arm tooling (EOAT), is a part attached to the end of the robot arm that moves when a human operator activates it through the associated software. It comprises grippers, tool changers, collision sensors, rotary connectors, pressure tools, force-torque sensors, material removal tools, and welding torches. It is utilized for pick and place, material handling, assembling, packaging, welding, dispensing, and cutting and soldering. As a result, it is widely employed in the automotive, electronics, food and beverages (F&B), and metal industries across the globe.

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Robot End Effector Market Trends:

At present, the rising application of collaborative robots as they interact with the surrounding and operate accordingly represents one of the primary factors bolstering the growth of the market. Besides this, the growing adoption of robot end effectors in the manufacturing industry to perform tasks quickly and efficiently is offering a positive market outlook. Apart from this, the increasing integration of the internet of things (IoT), artificial intelligence (AI), and big data in the robot end effectors to decrease error in various tasks and offer enhanced productivity is strengthening the growth of the market. Furthermore, key players are introducing a robot end effector that can pick up heavy plastic bags and stand-up pouches having dry or wet food or substances.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

• Welding Guns
• Grippers
• Suction Cups
• Clamps
• Tool Changers
• Others

Breakup by Application:

• Handling
• Assembling
• Welding
• Dispensing
• Painting
• Others

Breakup by End Use Industry:

• Automotive
• Food and Beverage
• Semiconductor and Electronics
• Healthcare
• Chemicals, Rubber and Plastics
• Metals and Machinery
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• ABB Ltd.
• Applied Robotics Inc.
• ATI Industrial Automation Inc.
• Bastian Solutions LLC (Toyota Industries Corporation)
• Festo Beteiligungen GmbH & Co. KG
• FIPA Inc.
• KUKA Aktiengesellschaft (Midea Group Co. Ltd.)
• Schmalz-International GmbH
• SMC Corporation
• Soft Robotics Inc.
• Weiss Robotics GmbH & Co KG
• Zimmer Group GmbH.

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

According to the latest report by IMARC Group, titled “Smart Homes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global smart homes market size reached US$ 107.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 363.5 Billion by 2028, exhibiting a growth rate (CAGR) of 20.9% during 2023-2028.

Smart homes refer to a home setup wherein appliances and devices can be controlled remotely with an internet connection and a mobile or networked device. They comprise various devices, such as door locks, televisions (TVs), lights, cameras, refrigerators, air conditioners (ACs), ovens, fans, and home monitors. They rely on wireless and hardwired systems for enabling individuals to control various functions, such as temperature, lighting, home theater, and security access of the home. As they are cost-effective, environment-friendly and energy-efficient; offer convenience and real-time alerts; and reduce carbon emissions, the demand for smart homes is increasing worldwide.

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Smart Homes Market Trends:

At present, the rising demand for smartphone-connected smart homes due to accessible internet facilities represents one of the key factors contributing to the market growth around the world. Besides this, the growing demand for smart homes, as they offer convenience, safety, security, and better user experience, is offering a positive market outlook. Apart from this, the increasing digital assistance integrated with artificial intelligence (AI) provide users with a hands-free and user-friendly experience, which is positively influencing the market. Moreover, the integration of 5G technology in smart homes to make reliable connections is bolstering the growth of the market. Furthermore, the increasing demand for low-carbon emission and energy-efficient solutions in the residential sector, along with inflating income levels of individuals, is strengthening the growth of the market across the globe.

Smart Homes Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• ABB Ltd
• Amazon.com Inc
• Emerson Electric Co
• Honeywell International Inc
• LG Electronics Inc
• Lutron Electronics Co. Inc
• Microsoft Corporation
• Robert Bosch GmbH
• Schneider Electric SE

The report has segmented the market on the basis on region, platform, tools, deployment model, enterprise size, end user.

Breakup by Component:

• Hardware
  • Security
  • Home Automation
  • Home Entertainment
  • Home Healthcare
• Smart Appliances
• AI Speaker
• Services
  • Energy Consumption and Management Services
  • Security Services
  • Healthcare Services
  • Entertainment Services

Breakup by Application:

• Security and Surveillance
• Lighting
• Entertainment
• Energy Management
• HVAC
• Smart Kitchen
• Home Fitness and Wellness

Breakup by Region:

• North America:( United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

According to the latest report by IMARC Group “Spintronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global spintronics market size reached US$ 658.1 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 879.8 Million by 2027, exhibiting a growth rate (CAGR) of 5.1% during 2022-2027.

Spintronics is an emerging technology exploiting the intrinsic spin of electrons and their associated orbital moment in solid-state devices. It relies on various metal-based devices, such as tunnel magneto resistance-based (TMRS), giant magneto resistance-based (GMRS), spin-wave logic devices, and spin-transfer torque. It is applied to semiconductors, magnetic multilayers, and mass-storage devices that use the spin of electrons to carry information. It finds extensive application in electric vehicles (EVs), industrial motors, and magnetic sensing systems.

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Market Trends:

The escalating demand for hybrid and electric vehicles (EVs) across the globe represents one of the key factors strengthening the growth of the market. It can also be attributed to the assistance of spintronics in detecting the remaining battery capacity accurately and checking the charge and discharge condition to enhance the overall performance of vehicles. In addition, technological advancements and changing requirements of individuals are intensifying the competition among electronics and semiconductors industry players. Moreover, increasing investments by leading market players in research and development (R&D) activities are expected to drive the market.

Breakup by Type:

• Metal-Based Devices
  • Giant Magneto Resistance-Based Device (GMRs)
  • Tunnel Magneto Resistance-Based Device (TMRs)
  • Spin-Transfer Torque Device
  • Spin-Wave Logic Device
• Semiconductor-Based Devices
  • Spin Diode
  • Spin Filter
  • Spin Field Effect Transistor (FETs)

Breakup by Application:

• Magnetic Sensors
• Hard Disks and MRAMs
• Electric Vehicle and Industrial Motor
• Quantum Computing
• RF and Microwave Devices
• Others

Breakup by End User:

• Automotive
• Consumer Electronics
• Healthcare
• IT and Telecom
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Avalanche Technology
• Crocus Technology
• Everspin Technologies Inc.
• FUTEK Advanced Sensor Technology Inc.
• Intel Corporation
• International Business Machines Corporation
• Merck KGaA
• NVE Corporation
• Spin Memory Inc.
• Synopsys Inc.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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According to the latest report by IMARC Group “Nanopore Technologies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global nanopore technologies market reached a value of US$ 213.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 476.6 Million by 2027, exhibiting at a CAGR of 13.7% during 2022-2027.

Nanopore technologies refer to the next-generation molecule sequencing methods that are generally used for analyzing ribonucleic acid (RNA) or deoxyribonucleic acid (DNA) fragments. It involves the utilization of sequencing devices that contain nano-sized pores embedded in an electro-resistant membrane for determining the sequence and modifications of the bases. Along with this, it aids in the real-time analysis of the sequence of nucleotides with accurate data of short to long fragments of native RNA or DNA. As a result, it is extensively utilized by scientific researchers to study the biology of animals, plants, pathogens and humans.

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Market Trends:

The global market is primarily driven by the rising demand for DNA sequencing. This is impelled by the growing need for new treatment methods due to the escalating prevalence of viral diseases among the masses. In line with this, the rapid outbreak of coronavirus disease (COVID-19) has further propelled the market growth. Since nanopore technologies offer direct molecular analysis in a time- and cost-efficient manner while generating accurate results, this is providing a boost to their uptake. Along with this, extensive research and development (R&D) activities conducted for studying novel virus variants are creating a positive market outlook. Furthermore, continual technological advancements, such as the integration of the Internet of Things (IoT) and computational intelligence with nanopore technology, are considered to be major growth-inducing factors. Additionally, the widespread adoption of nanopore technology in the development of semiconductor-based silicon molecular detectors for performing sequencing is significantly contributing to the market. Other factors, including the increasing number of research centers and laboratories, miniaturization of nanopore devices, and continuous improvements in the healthcare infrastructure, are also favorably impacting the market.

Breakup by Product:

• Instruments
  • Portable
  • Benchtop
• Consumables

Breakup by Application:

• DNA Sequencing
• RNA Sequencing
• Others

Breakup by End User:

• Hospitals and Clinics
• Research Institutes
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Agilent Technologies Inc.
• Cyclomics BV
• Electronic Biosciences Inc.
• Inanobio Inc.
• Nabsys Inc.
• Ontera Inc.
• Oxford Nanopore Technologies Limited
• Pacific Biosciences of California Inc.
• Quantapore Inc.
• Roche Holding AG
• Tracxn Technologies Limited.

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

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Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

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According to the latest report by IMARC Group “ AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 “, The global AI in fintech market reached a value of US$ 9.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 36.1 Billion by 2027, exhibiting at a CAGR of 26.1% during 2022-2027.

Artificial intelligence (AI) in fintech allows for the analysis of cash, credit, and investment accounts of an organization. It enables real-time monitoring of changes and customization of advice based on incoming data, providing an overview of the organization’s financial health. It offers numerous benefits, including reduced costs, increased efficiency, few errors, and improved customer experience. At present, AI can identify personally identifiable information (PII) that has been leaked on the dark web and take necessary actions to secure the data, which further enhances data security in the finance industry.

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AI in Fintech Market Trends and Drivers:

The global AI in fintech market is primarily driven by rising product utilization for virtual assistance, debt collection, sentiment, predictive analysis, reporting, and customer behavior analysis. Moreover, numerous technological advancements, including the integration of fintech solutions with machine learning (ML), neural networks, big data, and evolutionary algorithms that offer enhanced monitoring of financial transactions, risk management, speech recognition, and secured network access to banking institutions is positively influencing the market growth. Additionally, the rising use of the power of AI for fintech crypto by fintech companies, from digital banks to payment gateway providers and stock-trading apps to automate workflows, improve decision-making, and add value, has catalyzed market growth. Other factors, including rapid digitization in the BFSI industry, increasing use of smart contracts for financial processes, and significant improvements in IT infrastructure, are also anticipated to drive the market further.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Solutions
• Services

Breakup by Deployment Model:

• Cloud-based
• On-premises

Breakup by Application:

• Virtual Assistant (Chatbots)
• Credit Scoring
• Quantitative and Asset Management
• Fraud Detection
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Amazon Web Services Inc. (Amazon.com Inc)
• Google LLC (Alphabet Inc.)
• Inbenta Technologies Inc.
• Intel Corporation
• International Business Machines Corporation
• Microsoft Corporation
• Salesforce.com Inc.
• Samsung Electronics Co. Ltd.
• TIBCO Software Inc.
• Trifacta
• Verint Systems Inc.

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal