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January 2024
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Scar treatment involves the use of various topical agents, laser therapy, injectable fillers, and other surgical procedures to fade the appearance of scars and striae. Scars generally form during the natural wound healing process of the skin when it repairs itself after an injury. However, some scars may become larger, darker, or raised than necessary. The North American region has witnessed high prevalence of scars due to increasing accidents, burns, and post-surgical cases. Moreover, rising demand for minimally invasive and scarless treatments is expected to drive the North America scar treatment market during the forecast period.
The global North America scar treatment market is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. The North America region constitutes developed healthcare infrastructures and growing consumer awareness regarding availability of various scar treatment options. Various clinics and hospitals offer scar treatment procedures for minimizing appearance and recovery of damaged skin. Market Dynamics: Rise in demand for minimally invasive treatments is one of the major drivers propelling the North America scar treatment market growth. Minimally invasive procedures such as laser therapy, micro-needling, and injectable fillers are gaining high popularity as they reduce treatment time, pain, and risks of infection associated with conventional invasive surgeries. They help minimize scarring and attain faster recovery. Such procedures assist in rejuvenating skin and fading away scars. Another driver for the market growth is increasing incidence of accidents, burns, and post-surgery cases leading to scarring. Road accidents, work place injuries, and burns due to fire are common in the region. Furthermore, rising medical surgeries such as C-section, appendicitis, and other cosmetic procedures also increase chances of scarring. According to American Burn Association, over 450,000 burn injuries require medical attention annually in the U.S. Advanced scar treatments are therefore increasingly adopted to diminish appearance of such scars. Segment Analysis The North America scar treatment market is dominated by the surgical scar treatment segment due to the high prevalence of road accidents, burns injuries and surgical procedures such as C-section in the region. Surgical scars account for a large number of scar treatments as they are the most common form of scarring. Topical scar treatments is the fastest growing segment owing to rising awareness about cosmetic treatments and availability of effective over-the-counter scar removal creams. PEST Analysis Political: The healthcare expenditure in the US and Canada is rising which is positively impacting the growth of the scar treatment market. However, stringent regulations might increase the compliance cost. Economic: Rising disposable incomes and growing healthcare spending is fueling the demand for scar treatments in the region. The outbreak of COVID-19 negatively impacted the market growth due to deferred non-emergency procedures and treatments. Social: Growing desire to look good externally and rising social acceptance of cosmetic procedures is driving the uptake of scar treatments. In addition, increasing awareness about scar reducing treatments through social media is boosting the market growth. Technological: Advancements in laser scar removal and tissue engineering techniques are resulting in effective and long lasting scar treatments. Digital wound healing and virtual reality assisted laser procedures are gaining popularity. Key Takeaways The North America Scar Treatment Market Demand is expected to witness high growth due to increasing number of traumatic injuries, burns cases and cosmetic surgeries in the region. The US market dominates owing to large patient population, high healthcare spending and availability of advanced treatments. The global North America scar treatment market is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030. Regional analysis The US accounted for the largest share of the North America scar treatment market due to large patient pool, rising healthcare spending and growing popularity of minimally invasive scar treatments. Canada is the fastest growing market due to increasing research on regenerative technologies for scar removal and rising medical tourism from other countries. Key players Key players operating in the North America scar treatment market are DPR Construction, Inc., Turner Construction Co., Holder Construction Company, Hensel Phelps Construction Co, Balfour Beatty US, Helix Electric, Sudlows, Kraus Anderson Construction, The Beck Group, PCL Construction Enterprises, The Walsh Group, Hill International, and Engineered Structures, Inc. (ESI). For More details on the topic: https://www.dailyprbulletin.com/north-america-scar-treatment-market-trends-size-and-share-analysis/
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Next generation probiotics have various advantages over traditional probiotic supplements. They are shelf-stable, highly concentrated, and resistant to stomach acids, allowing them to reach the intestines alive in larger numbers where they can effectively improve gut health. Growing prevalence of gut-related diseases worldwide is fueling the demand for next generation probiotic supplements that help support digestive health.
The global next generation probiotics market is estimated to be valued at US$ 186.93 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The opportunity in gut health management is fueling growth of the next generation probiotics market. Proper management of gut health is essential for overall well-being. However, modern lifestyles and diets have disrupted the natural gut microbiome in many people. Next generation probiotics supplements enriched with beneficial bacteria specially formulated to strengthen the gut flora are gaining popularity. They help promote a balanced gut environment and support digestive health. The ability of next generation probiotics to effectively manage gut health through microbiome modulation makes them a promising solution, driving their increased demand and higher market potential over the forecast period. Porter's Analysis Threat of new entrants: The threat of new entrants is moderate as the next generation probiotics market requires significant investments in R&D to develop new probiotic strains. However, low brand loyalty makes it easier for new companies to penetrate the market. Bargaining power of buyers: The bargaining power of buyers is high given the competitive nature of the market with availability of alternative probiotic supplements from various brands. Buyers can negotiate for better prices and quality. Bargaining power of suppliers: The bargaining power of suppliers is moderate due to availability of alternative raw material suppliers and contract manufacturing facilities. However, suppliers of new probiotic strains wield some control over pricing. Threat of new substitutes: The threat of new substitutes is high with continued innovation in prebiotics, synbiotics and other microbiome-based products that can potentially replace probiotics. Competitive rivalry: The competitive rivalry is high among existing players given the large number of probiotic supplement brands vying for market share. SWOT Analysis Strengths: 1) Growing awareness about gut and digestive health benefits of probiotics. 2) Innovations in delivery systems and formulations expanding applications. Weaknesses: 1) Limited clinical evidence and high costs hampering mass adoption. 2) Sensitivity to processing and storage conditions affecting viability. Opportunities: 1) Rising popularity of natural health products boosting probiotic supplements demand. 2) Potential in therapeutic applications for various diseases. Threats: 1) Strong competition from prebiotics, synbiotics, and other emerging microbiome-based products. 2) Stringent regulatory landscape for new strains and applications. Key Takeaways The Global Next Generation Probiotics Market Size is expected to witness high growth over the forecast period driven by increasing health consciousness and expanding applications. The global next generation probiotics market is estimated to be valued at US$ 186.93 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030. The North America region currently dominates the market and is expected to continue its lead until 2030 attributable to rising gut health issues, growing acceptance of probiotic supplements, and presence of major players in the region. Key players operating in the next generation probiotics market are Coty, Procter & Gamble Prestige, BeautL’Oreal, LVMH, Givaudan, International Flavors & Fragrances, Estee Lauder Beautiful, and KilianFirmenichSymrise. They are focused on new product launches, innovations and expanding clinical evidence to strengthen market presence. For More details on the topic: https://www.dailyprbulletin.com/next-generation-probiotics-market-size-market-share-analysis/
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Nasal Lotion Spray Market is Expected to be Flourished by Growing Demand for Nasal Congestion Relief1/2/2024 Nasal lotion spray is a type of nasal spray medication used to treat nasal congestion. It contains humectants like glycerin and polyethylene glycol that help keep the nasal membranes moist. Nasal lotion sprays provide relief from congestion caused by common colds, allergies, sinus infections and other related conditions. They are easy to use, provide instant relief and are less messy than oral medications. Nasal lotion sprays reduce swelling and moisturize the nasal passages, thereby easing breathing.
The global Nasal Lotion Spray Market is estimated to be valued at US$ 23.99 Bn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The growing demand for nasal congestion relief is expected to drive the nasal lotion spray market during the forecast period. As per the report, nasal congestion relief is one of the major drivers that is fuelling the growth of this market. According to a report by American Academy of Allergy Asthma & Immunology, allergies affect more than 50 million Americans annually. Many people suffering from nasal allergies depend on nasal lotion sprays to get relief from nasal congestion associated with allergies. Increasing pollution levels and changing weather conditions have further aggravated allergic rhinitis and sinusitis cases globally. This has increased the demand for effective nasal congestion medications like nasal lotion sprays. Another major driver for this market is increasing pollution levels across the globe. High pollution levels cause or exacerbate respiratory issues in many people resulting in frequent cases of nasal congestion. Due to its simplicity of use and instant effect, nasal lotion sprays are widely used for congestion relief in polluted regions. Furthermore, growing awareness about the advantages of nasal lotion sprays over oral medications is also contributing to the growth of this market. Segment Analysis The global nasal lotion spray market is segmented based on drug class, container type, distribution channel, and region. Based on drug class, the antihistamines segment holds the largest share owing to high prevalence of allergies across the globe. Antihistamines aid in reducing inflammation of nasal lining and sinus tissues, thereby relieving congestion. The decongestants segment follows antihistamines due to rising applications in relieving nasal congestion symptoms. PEST Analysis Political: Government agencies regulate approval and marketing of nasal lotion sprays. Stringent regulations on drug manufacturing may impact certain players. Economic: Rising income levels are increasing healthcare expenditure globally. However, economic slowdowns impact discretionary healthcare spending on nasal sprays. Social: High prevalence of respiratory diseases and allergies drives market growth. Changing lifestyles are contributing to sedentary habits impacting well-being. Technological: Advanced spray technologies offer customized sprays targeting specific symptoms. Connected devices integrated with sprays may monitor usage and symptoms. Key Takeaways The Global Nasal Lotion Spray Market Size is expected to witness high growth during the forecast period owing to rising cases of allergies and rising pollution levels globally. Regionally, North America holds the largest market share currently led by the US owing to high pollution levels, changing climatic conditions and developed healthcare system in the region. Europe follows North America in market share and is experiencing growth due to increasing pollution and lifestyle changes. Key players operating in the nasal lotion spray market are Pfizer Inc., Fresenius Kabi AG, Mylan N.V., Sandoz Inc., Bausch Health Companies Inc. Key players like Pfizer Inc. and Bausch Health Companies Inc. hold major market share owing to their diversified product portfolios and global presence. Pfizer Inc. leads the market with its antihistamine and decongestant spray products. New product launches and acquisitions are key growth strategies adopted by major players to strengthen their market position. For more Insights, Read – https://www.dailyprbulletin.com/nasal-lotion-spray-market-size-market-share-analysis/
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Multi-channel communication services allow businesses to communicate with customers through multiple channels such as phone calls, emails, text messages, online chats or social media interactions using a single platform. These services help businesses deliver personalized, consistent messaging across different channels to enhance customer experience. The growing need among businesses to streamline customer interactions and gain valuable insights through customer data analysis is driving demand for multi-channel communication services.
The global Multi-channel Communication Services Market is estimated to be valued at US$ 5.08 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Expanding into emerging markets presents a major opportunity for players in the multi-channel communication services market. While developed regions like North America and Europe currently dominate the market, emerging economies in Asia Pacific and Latin America are expected to witness higher growth owing to increasing internet and smartphone penetration. As businesses in developing nations are progressively adopting customer-centric strategies focusing on digital channels, the demand for multi-channel communication platforms will rise substantially. Platform providers can capitalize on this opportunity by offering customized, cost-effective solutions suitable for emerging markets and assist local businesses enhance customer engagement. penetrating these high growth regions will help market leaders gain additional market share and boost revenue streams over the forecast period. Porter's Analysis Threat of new entrants: New entrants face high costs to establish brand awareness and acquire a customer base in this competitive market. Bargaining power of buyers: Buyers have high bargaining power as there are many established players offering multi-channel communication services. Bargaining power of suppliers: Suppliers have moderate bargaining power due to availability of alternative component suppliers. Threat of new substitutes: Threat of substitutes is low as there are limited alternatives available for integrated multi-channel communication services. Competitive rivalry: Market is highly competitive with presence of many global and regional players competing on basis of pricing and service offerings. SWOT Analysis Strength: Established global presence, diverse service portfolio, network accessibility across channels are key strengths. Weakness: High customer acquisition and retention costs are major weaknesses. Opportunity: Growing demand for integrated communication and untapped regional markets present opportunities. Threats: Economic slowdowns, regulations and disruptions from new technologies are threats. Key Takeaways The Global Multi-Channel Communication Services Market Size is expected to witness high growth during the forecast period of 2023 to 2030. Regional Analysis: North America dominates currently due to high technology adoption. The Asia Pacific region is expected to grow at the fastest pace due to growing economy, rapid digitalization and increasing internet penetration in developing countries. Key players operating in the multi-channel communication services market are Nike, Adidas, Beyond Skin UK, Monk Story, Hexa Vegan Shoes, Ethletic, Matt & Nat, MooShoes, Susi Studio, Veerah, and AVESU GmbH. Growing demand for integrated solutions, cost benefits and conveniences are driving adoption. Enterprises are increasingly leveraging multi-channel platforms to enhance customer experience through personalized engagement across channels. For more Insights, Read – https://www.dailyprbulletin.com/multi-channel-communication-services-market-size-market-share-analysis/
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Monosodium glutamate, commonly known as MSG, is a flavor enhancer used as food additive. It is used as flavoring and preservatives in various foods including soups, sauces, chips, frozen meals and snacks. MSG helps to bring out natural flavors in food and reduces salt and fat content. The global food industry has witnessed significant growth in recent years with changing consumption patterns and growing demand for processed food. The growing food industry has propelled the demand for MSG which is widely used as a flavor enhancer in processed food.
MSG is extracted from gluten, found in various food crops. It enhances umami flavors in a variety of food products. Major uses of MSG include Chinese cuisine, Japanese cuisine, soups and broths to enhance meaty and savory flavors. The global Monosodium Glutamate market is estimated to be valued at US$ 5.91 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: Growing Food Industry As mentioned in the heading, the growing food industry has been a key driver for MSG market. The global processed food industry has grown substantially over the past few years with changing consumption patterns. Growth in the food sector has fueled the demand for flavor enhancers like MSG which is widely used in soups, sauces and various packaged food items to add savory tastes. Increasing Health Consciousness Another factor propelling the MSG market is increasing health consciousness among consumers. MSG helps to reduces salt content in food while maintaining taste. It can replace salt and reduce sodium intake which is beneficial for health conscious consumers. Thus, health trends are complementing the growth of MSG market. Segment Analysis The monosodium glutamate market can be segmented based on type as food grade monosodium glutamate and pharmaceutical grade monosodium glutamate. Food grade monosodium glutamate dominates the market and accounts for around 95% of the overall market share. This is because MSG is primarily used as a flavor enhancer in foods such as soups, sauces, snacks, and other convenience foods and food grade MSG finds extensive applications in these food products. PEST Analysis Political: There are no significant political risks impacting the MSG market currently. Most countries allow the usage of MSG as a food additive within specified limits. Economic: The rising disposable incomes and growing demand for convenience and processed food products is fueling the growth of the global MSG market. Strong economic growth in Asia Pacific is also supporting market expansion. Social: While MSG was linked with various health issues in the past, recent scientific studies have found it safe for consumption for majority of population. However, a small percentage of people may experience headaches upon MSG consumption. Technological: There have no been major technological developments in the manufacturing of MSG. However, innovations in food processing and advanced packaging have boosted the applications of MSG as a flavour enhancer. Key Takeaways The Global Monosodium Glutamate Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing demand for Chinese cuisine, snacks and packaged food worldwide. The Asia Pacific market holds the major share currently and is expected to maintain its dominance owing to largeconsumers such as China, Japan and India. Key players operating in the monosodium glutamate market are Ningxia Eppen Biotech Co., Ltd, Fufeng Group, Meihua Holdings Group Co., Ltd, Gremount International Co.,Ltd and Cargill Inc. Regional analysis The Asia Pacific region accounts for over 60% of MSG market share currently led by China, where majority of world's MSG is produced as well as consumed. Other major markets in Asia Pacific include Japan and India. China accounts for around 40% of global MSG demand due to huge domestic consumption and increasing popularity of Chinese cuisine worldwide. Key players Key players operating in the monosodium glutamate market are Ningxia Eppen Biotech Co., Ltd, Fufeng Group, Meihua Holdings Group Co., Ltd, Gremount International Co.,Ltd and Cargill Inc. Ningxia Eppen Biotech Co., Ltd is the largest producer of MSG globally. Get more insights on this topic: https://www.dailyprbulletin.com/monosodium-glutamate-market-size-market-share-analysis/
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Mold Remediation Service involves the removal of mold from indoor environments including residential and commercial properties. Molds are ubiquitous fungi that can compromise indoor air quality and negatively impact health. Mold remediation involves the containment, cleanup and disposal of mold and contaminated materials. As molds proliferate under moist conditions, improper drainage causing water accumulation provides favorable conditions for their rapid growth on building materials including wood, paper, carpet and insulation. Left untreated, microbial contamination can cause structural damage to properties and pose health risks including allergic reactions, infections and respiratory illnesses especially in immunocompromised individuals.
The global mold remediation service market is estimated to be valued at US$ 1241.61 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The high opportunity to reduce property damage and address health hazards caused by microbial contamination is expected to drive demand for mold remediation services over the forecast period. Unchecked mold proliferation leads to structural decay necessitating expensive repairs or reconstruction. Meanwhile, mold-induced respiratory illnesses place additional burden on healthcare systems. Professional remediation activities help eliminate the source of infections, allergens and toxins, thereby preventing costly medical interventions or property losses in the long run. This establishes a compelling value proposition and ensures recovery of remediation investments through deferred expenditures. Porter’s Analysis Threat of new entrants: The mold remediation services market requires significant capital and expertise to enter. Regulatory standards also act as a barrier. However, the market is growing which can attract new players. Bargaining power of buyers: Buyers have moderate bargaining power given the availability of several service providers in the market. However, differentiated service quality helps suppliers maintain pricing power. Bargaining power of suppliers: Suppliers of materials and equipment have low bargaining power given the availability of substitutes and importance of scaling production. This ensures competitive pricing of supplies. Threat of new substitutes: No major threat as mold remediation requires specific expertise, tools and approved methods. Competitive rivalry: High due to presence of several global and regional players. Service quality, innovation, and vertical integration are keys to differentiating in this competitive market. SWOT Analysis Strength: Hi-tech equipment, trained experts, comprehensive solutions. Weakness: Low brand awareness in some markets, high initial costs. Opportunity: Growing construction industry, regulations on indoor air quality, awareness about health impacts of mold. Threats: Low entry barriers, price wars among regional players. Key Takeaways The Global Mold Remediation Service Market Size is expected to witness high growth due to rising awareness about health impacts of mold, tightening of regulations regarding indoor air quality, and recovery of construction activities post-pandemic. The global Mold Remediation Service Market is estimated to be valued at US$ 1241.61 Bn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030. The North American region currently dominates the market due to stringent regulatory standards and favorable insurance policies. The Asia Pacific region is expected to be the fastest growing market led by countries like China and India experiencing rapid urbanization and infrastructure development. Key players operating in the mold remediation service market are HiMedia Laboratories, Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Corning Inc., Atlas Biologicals, Inc., TCS Biosciences Ltd., Bovogen Biologicals Pty Ltd., Novus Biologicals, LLC, Capricorn Scientific, PAN-Biotech GmbH, Atlanta Biologicals, Inc., Rockey Mountain Biologicals, GE Healthcare, Serana, and Zhejiang Tianhang Biotechnology. The players focus on expanding their geographic footprint and service portfolios through acquisitions and partnerships. For More details on the topic: https://www.dailyprbulletin.com/mold-remediation-services-market-size-market-share-analysis/
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Mineral salt ingredients are natural mineral elements extracted from various sources. They are processed and added to food, beverages, and other end-use products to enhance flavor, serve as functional ingredients, and provide necessary minerals. Key mineral salt ingredients include calcium carbonate, sodium chloride, potassium chloride, and others. They are extensively used in the food and beverage industry for seasoning, processing, preserving, and many more applications. The global food and beverage industry has been growing due to changing dietary habits, rising disposable income, and increasing health awareness. This has significantly driven the demand for mineral salt ingredients from the industry for manufacturing various food products such as baked foods, dairy, seasonings, snacks, convenience foods, and beverages.
The global Mineral Salt Ingredients Market is estimated to be valued at US$ 10.56 billion in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. The market growth can be attributed to increasing utilization of these ingredients as functional components in food formulations, preservatives, and for imparting specific health benefits. For instance, calcium carbonate aids in bone health, sodium chloride enhances flavors, and potassium improves heart health. Market Dynamics: The increasing demand from the food and beverage industry as mentioned in the heading is a key driver propelling the mineral salt ingredients market. As per estimates, the global processed food market value reached over US$ 2 trillion in 2020 and is projected to grow further over the next few years. With rising health-consciousness, demand for nutritive and functional food products is surging globally. This is fueling incorporations of various mineral salt ingredients during food processing for enriched nutritional profiles and health claims by manufacturers. Additionally, mineral salt ingredients also help extend product shelf life by preventing microbial spoilage as preservatives. Their use allows longer transportation and storage of food products. This shelf-life extension property further complements their demand from fast-moving consumer goods companies. Changing lifestyles and hectic schedules have fueled the ready-to-eat food market which in turn boosts incorporations of various minerals as ingredients. Segment Analysis The global mineral salt ingredients market can be segmented into table salt, coarse salt, liquid salt, and other types. Table salt accounts for over 35% of the overall market share currently dominating the market. Its wide applications in culinary and food processing industries have augmented the demand. Coarse salt segment is expected to witness highest growth in the forecast period owing to increasing consumer preference for coarse varieties for their richer taste profiles and applications in Himalayan salt lamps and salt soaking. PEST Analysis Political: Government policies promoting consumption of iodized salt for preventing iodine deficiency disorders have significantly boosted market growth. However, stringent regulations regarding maximum allowable limits of other minerals can hamper sales to some extent. Economic: Rising global GDP and disposable incomes have augmented overall demand for value-added and specialty mineral salt products. Fluctuations in raw material prices impact margins of producers. Social: Evolving lifestyle and consumption patterns is one of the key drivers. Increasing health consciousness and demand for artisanal and gourmet products also provide growth opportunities. Technological: Adoption of advanced processing and automated packaging technologies help players address mass markets efficiently. R&D in mineral enrichments and new product formats further expand applications. Key Takeaways The Global Mineral Salt Ingredients Market Demand is expected to witness high growth at a CAGR of 4.6% during the forecast period of 2023 to 2030. Regionally, Asia Pacific accounts for over 30% share currently and is expected to remain the fastest growing market owing to improving living standards and burgeoning food processing industries in countries like China and India. Key players operating in the mineral salt ingredients market are Morgan Advanced Materials, Mersen, TOYO TANSO, SGL Group, NAC Carbon Products, Graphite India Limited, Superior Graphite, Qingdao Tennry Carbon Co., and Zircar Ceramics & Schunk Group. Key players are focusing on capacity expansions and new product launches catering to application segments like culinary, de-icing and food processing. For More details on the topic: https://www.dailyprbulletin.com/mineral-salt-ingredients-market-size-market-share-analysis-2/
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Coconut products have widespread applications in food & beverages industry for producing products such as coconut milk, coconut oil, coconut butter, coconut flour among others. Coconut is a powerhouse of nutrients and contains high concentration of minerals, vitamins and fibers that provide multiple health benefits. Coconut products offer distinct taste and act as healthy alternatives to dairy products for people with lactose intolerance. They have low glycemic index and are known to control appetite, manage weight and promote heart health.
The global Middle East Coconut Products Market is estimated to be valued at US$ 968.67 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Growing health-conscious population in Middle East region is increasingly adopting coconut products for their nutritional profile and health benefits, which is widening the scope of food and beverages industry. Expanding product applications in plant-based foods, dietary supplements and functional beverages by leading food brands is anticipated to open new lucrative avenues for coconut products market over the forecast period. Porter’s Analysis Threat of new entrants: The threat of new entrants in the Middle East coconut products market is low as it requires high initial investments and establishment of supply chain networks. Bargaining power of buyers: The bargaining power of buyers is moderate due to the availability of multiple brands and options. However, branded and premium products have some pricing power. Bargaining power of suppliers: The bargaining power of suppliers is moderate owing to the availability of raw material sources and suppliers in the region. Threat of new substitutes: The threat of new substitutes is low as coconut products have established themselves as staples and have no close substitutes. Competitive rivalry: The competitive rivalry is high due to the presence of multiple regional and international brands. SWOT Analysis Strengths: Wide availability of raw materials in the region and strong demand for traditional coconut-based foods and beverages are strengths. Weaknesses: Seasonal availability of raw materials and price volatility can be weaknesses. Lack of innovation and product development is also a weakness. Opportunities: Growing health consciousness and popularity of organic and natural products provide opportunities for value-added premium products. Untapped rural markets also provide opportunities. Threats: Competition from other tropical fruits and changing dietary habits among youth pose threats. Climate change impacting production is also a threat. Key Takeaways The Global Middle East Coconut Products Market Size is expected to witness steady growth over the forecast period supported by rising health awareness and traditional use of coconuts in the region. The market size for 2023 is estimated at US$ 968.67 million and is expected to grow at a CAGR of 5.2% through 2030. Regional analysis shows that Gulf countries dominate the market currently due to higher coconut consumption in traditional dishes and drinks. Countries like the UAE and Saudi Arabia are the fastest growing markets due to economic growth, population rise and expat communities' influence on diets. Key players operating in the Middle East coconut products market are F. Hoffmann-La Roche AG, Boehringer Ingelheim GmbH, CHIESI Farmaceutici S.p.A., Gennova Biopharmaceuticals Ltd, Abbott Laboratories, and Reliance Life Sciences. These companies are focusing on product innovation and regional expansions to strengthen their positions. For more Insights, Read – https://www.dailyprbulletin.com/middle-east-coconut-products-market-size-market-share-analysis/ |