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Countertop Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

Global Countertop Market: Overview

The demand within the global market for countertop has been escalating on account of the need to enhance the utility of interior spaces in houses and offices. A countertop is a raised platform with a flat surface, and is often built across kitchens, bathrooms, laboratories, and other spaces. In some regions, countertops are also known as worktops, kitchen benches, or bench-tops, depending on the linguistics of the region.

The utility of countertops is vindicated by the fact that these platforms are necessarily built across modular kitchens, luxury bathrooms, and state of the art laboratories. Furthermore, countertops are multi-purpose platforms with a wide range of uses, and this factor has hugely popularised these tops. The constructions industry has been swift in encapsulating the latest technologies which has given a boost to the demand for modern countertops.

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Countertops have evolved from being basic platforms made of concrete to multi-purpose platforms that can be fitted over cabinets and other low-height furniture. Owing to the expansive utility served by countertops, the global market for countertop is projected to earn voluminous revenues in the years to come.

The global market for countertop may be segmented on the basis of the following parameters: end-use sector, application, material used, and region. This segmentation is based on a core analysis of the global countertop market.

A report added by Transparency Market Research (TMR) on the global market for countertop is an explanatory account of the forces that have propelled market demand in recent times. The report cohesively explains the dynamics prevalent across the various regional markets for countertop. Moreover, the business strategies adopted by the key vendors in the global countertop market have also been elucidated in the report.

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Global Countertop Market: Regional Outlook

The demand within the market for countertop in North America has been escalating at a boisterous rate, majorly due to the importance given to utility spaces in the constructions industry. The market for countertop in Asia Pacific has also expanded at a starry rate in recent times. This regional market propensity owes to the incredible advancements in the constructions industry in India and China.

Global Countertop Market: Competitive Landscape

Some of the key players in the global countertop market are Illinois Tool Works Inc., Caesarstone Ltd., Pokarna Ltd, Cosentino Group, and E. I. du Pont de Nemours and Company.

Global Countertop Market: Trends and Opportunities

The availability of advanced, durable, and aesthetic countertops has played a vital role in the growth of the global market for countertop. The residential sector has emerged as the largest consumer of countertops, and this trend shall continue over the forthcoming years as the demand for modular kitchens rises.

Furthermore, the use of countertops as shelves for toiletries in luxury bathrooms has also given an impetus to the growth of the global market for countertop. Research laboratories have been using countertops for decades, and this factor has played a major role in enhancing the growth dynamics of the global countertop market.

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Global Countertop Market: Market Potential

The residential sector has attracted huge investments in recent times, and several global tycoons have come into the real estate business. This skyrocketing pace of growth in the constructions industry is expected to propel demand within the global market for countertop in the years to come. Furthermore, the use of countertops in new arenas such as the industrial and commercial sectors is also expected to bring in voluminous revenues into the global countertop market.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

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Phenylphosphonic Acid Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

Phenylphosphonic Acid Market: Overview

Phenylphosphonic acid is an organic phosphorous compound in which phenyl group and phosphorous are directly bonded. This acid is stronger than other carboxylic acids. It is produced in the form of white crystalline powder. Phenylphosphonic acid has superior thermal stability and has two functional groups, namely phenyl and acid groups, which impart excellent surface modifier properties to the acid.

Phenylphosphonic acid is highly soluble in solvents such as water, methanol, ethanol, dimethylformamide (DMF), and acetone; however, it is insoluble in toluene, hexane, and carbon tetrachloride. It is toxic in nature and causes skin irritation. The use of phenylphosphonic acid is gaining importance in the field of agriculture and medicine.

Phenylphosphonic Acid Market: Key Players

Key players operating in the global phenylphosphonic acid market include Nissan Chemical (Japan), Guangzhou Xijia Chemical Co., Ltd. (China), Shanghai ZZ New Material (China), Shaanxi Dideu Medichem (China), and Zibo Yiren Chemical (China).

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Phenylphosphonic Acid Market: Key Segments

Based on application, the global phenylphosphonic acid market can be segmented into surface modifiers, plastic resin modifiers, flame retardants, dispersants, catalysts, and others, which include pesticide additive used in agricultural applications. It helps in increasing resistance to fungal diseases in pesticides. Phenylphosphonic acid is commonly used as a chain transfer agent in chemical reactions.

Phenylphosphonic acid, when used in agricultural applications, affects plant growth and nitrogen uptake depending on its type, soil, and mode of application of pesticide. The surface modifiers segment leads the phenylphosphonic acid market. The segment is estimated to expand at a rapid pace during the forecast period.  The demand for phenylphosphonic acid is projected to increase at a steady pace during the forecast period.

Phenylphosphonic Acid Market: Regional Outlook

In terms of region, the global phenylphosphonic acid market can be divided North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for a major share of the global phenylphosphonic acid market. The phenylphosphonic acid market in the region is anticipated to expand at a rapid pace during the forecast period owing to the growing demand for process licensing from downstream industries.

North America and Europe are significant consumers of phenylphosphonic acid. Latin America and Middle East & Africa are projected to create lucrative growth opportunities for the phenylphosphonic acid market. The phenylphosphonic acid market in Middle East & Africa and Latin America is anticipated to expand at a rapid pace during the forecast period.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

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Transparency Market Research,
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Marine Winches Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

Marine Winches Market: Overview

Marine winches are mechanical devices with wire rope/chain for lifting or pulling operations. They are widely utilized in lifting and pulling equipment that are used on boats/ships, docks/shores, ports, offshore platforms, etc. for anchoring, mooring, towing, and weightlifting operations. Majority of marine fleet is equipped with marine winches. The number of marine winches utilized in a vessel is mainly dependent on the type of operation and requirement.

Marine winches primarily comprises power system, drum, chain, cable, manual band brake, manual clutch, control system, and gypsy wheel. In addition to drum, many winches have one or two small warping heads. Marine drum winch has one or two drums with or without warping head. Marine winches and equipment are built tough and designed to perform and excel in the harshest of marine conditions.

Compared with construction winch, marine winch is coated to make it waterproof and rustproof. High-quality welding material is used in marine winches for safety purposes and to make it last for long duration. This materials makes marine wenches smooth and reliable during day-to-day operations.

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Marine Winches Market: Key Players

Key manufacturers and suppliers operating in the global marine winches market include DMT MARINE EQUIPMENT, Appleton Marine, Inc., China Deyuan Marine Fitting Co., ltd., Maxwell Marine International Limited, and Fremantle Hydraulics.

Marine Winches Market: Trends & demands

Year-on-year increase in demand for marine fleet in inland and coastal waterways is expected to boost the demand for marine winches in the near future. Growth in deployment of marine winches is highly dependent on requirement of marine winches in existing as well as retrofits vessels such as ships, fishing vessels, and cargo ships.

Increase in exploration of deep and ultra-deep offshore oil & gas reserves coupled with new planned projects of FPSO and FSRU is anticipated to benefit the global suppliers and manufacturers of marine winches. Owners of water sports and leisure intended vessels operating in inland waterways; have been utilizing marine winches for safety measures.

Marine Winches Market: Regional Outlook

In terms of geography, Asia Pacific holds more than 50% share of the global marine winches market. In Asia Pacific, countries located near shores such as Malaysia, Indonesia, and Singapore are dominant users of marine winches. These winches are deployed in marine vessels. There are more than 105,000 registered marine fleets in coastal and inland waterways.

Majority of these vessels are equipped with marine winches that serve the basic need of lifting or pulling cargo, emergency towing vessels (ETV), launching safety boats in case of emergency, or anchoring these vessels. Investment influx in the development of existing shipping facilities across the world is driving the market for marine winches. Europe follows Asia Pacific in terms of deployment of marine winches in their existing marine fleet.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

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Transparency Market Research,
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Microcrystalline Wax Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

The consistent growth witnessed in the cosmetics, pharmaceuticals, electronics, and automobile industry has upheld the demand for microcrystalline wax. The growing per capita income and urban population in developing nations will help maintain the momentum in the global microcrystalline wax market.

One of the three natural forms of wax derived from petroleum refining, microcrystalline wax is a mixture of solid and saturated hydrocarbons. An upcoming Transparency Market Research report offers emerging and established players with first-hand information about the global microcrystalline wax market. It gives detailed insights on the market’s overview, size, share, key trends, regional analysis, major competitors, and forecast for 2018-2026.

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Global Microcrystalline Wax Market: Regional Analysis

The global microcrystalline wax market can be segmented into Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific has been leading the global microcrystalline market so far, and is projected to remain the frontrunner in the estimated period.

Changing lifestyles and increasing attention towards health and personal care in developing nations are driving the market in this region. North America and Europe are expected to maintain the growth momentum in the coming years. Brazil, another developing nation in South America, is projected to acquire significant market share. 

Global Microcrystalline Wax Market: Competitive Dynamics

A few prominent players in the global microcrystalline wax market are Koster Keunen Inc., Sonneborn, Shell Group, Strahl & Pitsch Inc, and Alfa Chemical Ltd., among others. Existing players in the food packaging, automobiles, and pharmaceuticals industry are identifying ways to manufacture their own microcrystalline wax. This would reduce their dependency on manufacturers.

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Global Microcrystalline Wax Market: Key Trends

The global microcrystalline wax market is witnessing numerous positive trends. Microcrystalline wax possesses higher meting point, molecular weight, density, and viscosity along with better elasticity than paraffin wax. Due to this, it finds applications in the adhesives, automobile, cosmetics, food packaging, pharmaceuticals, jewelry, rubber, and sports equipment industries.

The product optimizes the flow and viscosity of adhesives, and enhances their thermal stability, crystallization rates, and bond strength. These adhesives are used in construction, footwear, food packaging, and automobiles. Additionally, the product’s adhesive properties makes it ideal to reduce friction in ice hockey sticks and snowboards. The growing popularity of ice hockey and other winter sports will provide a major boost for the global microcrystalline wax market.

Further, microcrystalline wax’s excellent binding property provides dimensional stability to metals during their casting. This drives its demand in the automobile industry. It is also used in manufacturing tires. 

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In the pharmaceutical and personal care industry, it is used in lipsticks, cold creams, and ointments. Microcrystalline wax’s abilities to carry medication and pigments, lubricate, and provide protection from moisture makes it a natural base for these products.

Besides the above factors, the growing fondness among people for artificial jewelry and scented candles will also drive the global microcrystalline wax market. While there are numerous drivers for the global microcrystalline wax market, substitutes to wax and volatile petroleum prices are its major challenges.

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Pharmaceutical Grade Sodium Carbonate Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

Pharmaceutical Grade Sodium Carbonate Market: Snapshot

The utilization of sodium carbonate, which is also called soda ash, is gradually expanding because of surging demand in different applications and improvement in production economy. Rise in globalization of soda ash sector is another perspective propelling the changes in the production financial aspects.

API is the main fixing in a medication and is naturally dynamic. It is mostly in charge of the quickening the adequacy of the medication in relieving sicknesses and related indications. Different players in pharmaceutical division use sodium carbonate as APIs to upgrade their medication capacities. The utilization of sodium carbonate as an API is expanding at a significant rate. The utilization of sodium carbonate as an API (Active Pharmaceutical Ingredient) is anticipated to develop at the most elevated pace in the coming years. Moreover, the API application section is evaluated to be the biggest displaying potential scope for development.

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Pharmaceutical Grade Sodium Carbonate Market: Regional Analysis

The sodium carbonate or soda ash sector has seen expanded adoption from nations in Asia Pacific, for example, India and China. It is the biggest market providing a several scope and opportunities for players associated with this sector. The global utilization of sodium carbonate contacted a figure higher than 47 Mn MT, in 2017 inferable from surging demand from end clients, particularly for glass items. Supply of sodium carbonate is generally risen in Asia Pacific, North America, and Europe, over 60% of the whole sodium carbonate production is from these mentioned regions.

Pharmaceutical Grade Sodium Carbonate Market: Competitive Landscape

Noticeable players associated with the global pharmaceutical grade sodium carbonate market are focusing on growing their production limit with a view to take care of the growing demand for pharmaceutical grade sodium carbonate at a international scale from different end clients for various applications.

Novacarb (Novacap Group), Solvay SA, Dr. Paul Lohmann GmbH KG, Natural Soda LLC, CIECH S.A., Jost Chemical Co., Weifang Hongyuan Chemical Co. Ltd., Tianjin Chengyuan Chemical Co. Ltd., and Tronox Alkali Corporation are few of the significant players working in the global pharmaceutical grade sodium carbonate market.

Pharmaceutical Grade Sodium Carbonate Market: Trends ad Opportunities

Attributable to changes in demographics, unhealthy eating habits, changes in daily routine, and sleeping habits, the rate of gastrointestinal ailments has surged. As indicated by World Gastroenterology Organization, about 35% to 40% of the total populace is experiencing perpetual or intense gastrointestinal infections. Because of changes in eating routine and related abnormalities in sustenance utilization, higher level of populace is creating gastrointestinal disarranges. This has prodded the utilization of stomach settling agents and other gastrointestinal medications.

The utilization of pharmaceutical grade sodium carbonate is restricted to strength, specialty and certain increasing expense applications that require exceptional amount of purity. Pharmaceutical grade sodium carbonate is produced utilizing clump procedure to get immense purity.

It takes a lot of precautions at the time of manufacturing of pharmaceutical grade sodium carbonate combined with low production volume, the expenses brought about underway are high when contrasted with ordinary grades of the compound. This has brought about rise in cost of pharmaceutical grade sodium carbonate which negatively affects the development of the global pharmaceutical grade sodium carbonate market.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

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Tantalum Pentoxide Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

Global Tantalum Pentoxide Market: Overview

Tantalum pentoxide (Ta2O5) is used in the manufacture of lithium tantalate single crystals. These single crystals are cut into wafers and are used as substrates in the production of surface sound wave filters (SAW filters). These sound wave filters made from lithium tantalate are used in mobile end devices including smartphones, tablet PCs, and ultrabooks. They are also used in GPS connectivity applications and smart meters. They ensure accurate frequency control, optimized selectivity, and low falsification in these devices.

Global Tantalum Pentoxide Market: Key Players

Key players operating in the global tantalum pentoxide market are H.C. Starck, Stanford Advanced Materials, Materion Corporation, MPIL, Guangdong Lingguang New Material, Iwatani Corporation, and MITSUI KINZOKU.

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Global Tantalum Pentoxide Market: Regional Outlook

Based on region, the global tantalum pentoxide market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a major region of the global tantalum pentoxide market, owing to the presence of regulations on the adoption of tantalum pentoxide in electronics applications in the U.S. This, in turn, is propelling the demand for tantalum pentoxide in the region.

The market in Europe market is anticipated to expand at a rapid pace during the forecast period, followed by that in North America. Supportive regulatory framework of governments of countries in Europe toward the adoption of tantalum pentoxide is propelling the market in Europe. The tantalum pentoxide market in Middle East & Africa and Latin America is projected to expand at a moderate pace in the near future, due to the presence of developing economies in these regions.

Global Tantalum Pentoxide Market: Key Segments

The global tantalum pentoxide market can be segmented based on product type, application, and region. In terms of product type, the market can be divided into piezoelectric body grade, optical glass grade, and single crystal grade. The optical glass grade segment is anticipated to dominate the market due to the extensive application of tantalum pentoxide in electronics.

In terms of application, the tantalum pentoxide market can be divided into electronic applications, lithium tantalate single crystals, sputtering targets, and others. Tantalums are widely used in the electronics industry. The electronics market is moving toward greater miniaturization. Thus, the tantalum capacitor is favored for space-sensitive and applications such as telecommunications and data storage.

Global Tantalum Pentoxide Market: Trends & Developments

Demand for tantalum pentoxide has been increasing due to the electronic revolution in end-user industries, growth of the service sector, and continuous R&D of new consumer electronics, worldwide, has extremely increased the demand for electronic devices and appliances around the world. Tantalum pentoxide capacitors have the highest capacitance per unit volume are extensively in miniaturized electrical circuitry. As the market moves to greater miniaturization, tantalum pentoxide capacitor are used increasingly in space-sensitive and high-end applications in telecommunications, data storage, and implantable medical devices.

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Currently, tantalum pentoxide account for just 1% of the industrial dielectric capacitors market. These capacitors are found in a wide range of applications such as bulk energy storage, filtering, and decoupling. These tantalum capacitors are commonly found in products such as wireless devices, LCD monitors, DVD players, cell phones, personal computers, digital cameras, gaming platforms, telephone switchboards, and computer networks, owing to their unequalled capacity to store and release electrical charges. However, the demand for industrial electronics is rising more than that for consumer electronics.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

Contact Us

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Omega 3 Ingredients Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

Individuals in developed countries have embraced health and wellness living practices to a considerable degree, according to published data from reliable healthcare sources. Large availability of medical literature that emphasizes the significance of healthy foods, along with details of their sources, recommended consumption amounts, and health benefits among others is helping to make these foods routine in everyday diets.

Among a slew of recommended health-benefitting foods, omega 3 ingredients have gained significant traction endorsed by their scientific evidence. In particular, omega 3 ingredients are finding increasing acceptance for heart health, including reducing triglycerides and slowing the development of plaque in the arteries.

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Omega3 ingredients are of three types docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), and alpha-linolenic acid (ALA) present in foods and dietary supplements. According to the U.S. Office of Dietary Supplements, most people in the country get enough ALA in their diet. The dietary requirement of DHA and EPA is not yet established by experts. Nonetheless, the demand for omega 3 foods is growing rapidly taking a cue from initial research that links omega 3 fatty acids with various health benefits beyond the basic maintenance of cells.

Fish oil, chia seeds, and hemp seed are some animal and plant based natural sources of omega 3 ingredients. Besides this, food companies are introducing foods that contain omega 3 ingredients, based on this knowledge that omega 3 ingredients have immense health-benefitting attributes.

The consolidation of medical knowledge, business ventures, and dietary goals have led to the creation of a highly profitable omega 3 ingredients market with sales recorded upward of US$ 4,500 Mn in 2018. Going further, the omega 3 ingredients market is projected to expand at a stellar 11% CAGR from 2019 – 2027, according to a business intelligence study published by TMR.

Best Sourced from Fish Oil, Availability of Fish Oil Supplements Promising for Growth

Among the natural sources of omega 3 ingredients, commonly referred to as omega 3 fatty acids, fish oil and fatty fish like salmon and trout are the most well-known. According to studies, it is found that people who eat fish, which is a key source of omega 3 fatty acids, have a lower risk of heart diseases compared to those who do not eat fish.

Meanwhile, to expand the availability of fish oil in an easily consumable form, pharmaceutical companies and food companies have introduced omega 3 fish oil supplements with nearly same benefits like that of natural fish oil. Still, the heart-healthy benefits of fish oil supplements are unclear, therefore, physician consultation is required to know how it will work for patients of heart diseases.

In the past decade, in the U.S., the demand for fish oil supplements has increased manifold among both healthy individuals and those with heart disease.

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Expanding Product Range to Serve Shifting Food Choices to Open Avenues

Growing shift from saturated and trans-fats based regular diet to mono unsaturated and poly-unsaturated fat based diets, which help in lowering LDL cholesterol and risk of cognitive impairment, is likely to create impressive opportunities in the omega 3 ingredients market.

“The growing consumer recognition of the benefits of algal oils for improving cardiovascular health, joint power, and fighting depression is another aspect behind the consumption of omega 3 ingredients,” says the lead analyst of the study.

Although the demand for animal-based omega 3 ingredients remains high, steep rise in demand for plant-based products is expected with growing inclination for vegetarian and vegan diets. To serve the growing demand for polyunsaturated fats based foods, pharmaceutical products, and aquaculture products, this is indirectly creating demand for omega 3 ingredients.

For example, omega 3 ingredients are increasingly finding use in infant formulas, in light of their benefits for visual and neurological development of toddlers. Continued research for the potential health benefits of omega 3 ingredients in the growth and development of toddlers is promising for the growth of omega 3 ingredients market.

Penetration of Novel Technologies to help Manufacture Improved Products

Players in the omega 3 ingredients market are increasingly employing microencapsulation technology to expand the application of omega 3 ingredients in foods and pharma products. The objective is to add fish oils rich in omega 3 fatty acids in foods, and to stabilize these foods for longer shelf life.

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Taking a cue from this, players in the omega 3 ingredients market are investigating applications of microencapsulation technology to incorporate omega 3 ingredients in infant formulas and dietary supplements. For example, Polaris Nutritional Lipids – a leading company in the omega 3 ingredients market – developed a novel technology Qualitysilver that prevents oxidation of oil to protect its organoleptic and nutritional qualities.

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Notoginseng Roots Market Development, Expansion, Merger, Acquisition, New Product Launches, and Pricing Analysis

Manufacturers of Notoginseng Root Extract Focusing on Penetration into Health Supplements Category

With reference to the latest market forecast report published by Transparency Market Research, titled 'Notoginseng Root Extract Market: Global Industry Analysis and Opportunity Assessment 2018-2027', revenue generated from the global notoginseng root extract market has been estimated to be valued around US$ 308.6 Mn in 2018, which is expected to increase at a CAGR of 3.4% to US$ 432.8 Mn by 2028

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Notoginseng root extract is derived from the roots of the Panax notoginseng. The extract of notoginseng root is commercially available in two forms; Powder and Liquid. Panax notoginseng is also used to relieve pain, and to reduce swelling and blood pressure. It is also used for chest pain (angina), strokes and bleeding in the brain, buildup of fat in the blood vessels, heart attacks, and some kinds of liver disease.

It is also used to improve energy and ability to exercise, to reduce muscle soreness following exercise, and for osteoarthritis and rheumatoid arthritis. Owing to its multiple applications in industries such as cosmetics, pharmaceuticals, and health supplements, the global market for notoginseng root extract is expected to register a healthy CAGR over the forecast period. 

Target Segments for the Notoginseng Root Extract Market

The global notoginseng root extract market is segmented on the basis of end-use, form, and region. On the basis of end use, the global notoginseng root extract market is segmented into pharmaceuticals, cosmetics, and health supplement products. The segment, health supplement products is expected to be the dominant one with a market share of about 60%. The growing health and dietary supplements industry is one of the significant factors behind the increased demand for notoginseng root extract.

On the basis of form, the global notoginseng root extract market is segmented into powder and liquid. The powder segment is anticipated to dominate the form segment of the notoginseng root extract market with a market share of around 65% in the year 2018. The applications of powdered form of notoginseng root extract are widespread. The notoginseng root extract powder is incorporated in health supplement products and pharmaceuticals.

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Target Geographies for Notoginseng Root Extract

The notoginseng root extract market has been segmented into North America, Latin America, Europe, China, Asia Pacific Excluding China, and the Middle East and Africa (MEA). China is dominating the market share by far with more than 65% in the year 2018. However, the growth in China is anticipated to be moderate as it is already a mature market. Latin America is expected to be the most attractive market with a CAGR of 5% over the forecast period.

Besides, increasing use of notoginseng root extract in cosmetics and pharmaceuticals in the region is further powering the growth for notoginseng root extract market. Europe is also one of the regions to look out for. The notoginseng root extract market in Europe is expected to be lucrative for years to come owing to the increased consumption of health supplements.

The notoginseng root extract market in North America is estimated to offer maximum growth prospects with a growth rate of 4% over the forecast period. The import of notoginseng root extract in North America has increased significantly in the last few years. The incorporation of the notoginseng root extract in pharmaceuticals and various health supplements have certainly helped the market in growing.

Global Notoginseng Root Extract Market: Competitive Assessment

Transparency Market Research has outlined the most important companies that are players in the global notoginseng root extract market, such as NOW Foods, Imperial Elixir, Nature's Health, Nutra Champs, Puritan's Pride Ginseng Complex, Umeken Good Morning RG, Swanson Korean, The Garden of Natural Solution, and Marutaka Pulse Co., Ltd.

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Manufacturers of health supplements are incorporating the notoginseng root extract in their products owing to the multiple benefits it provides including anti-aging properties, reduces swelling and blood pressure, improvement of blood circulation, curing of heart disease, and curing chest pains, among more. Manufacturers are also finding more efficient technologies and methods for extracting the notoginseng root extract to enhance the nutritional aspects of the product.

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

Contact Us

Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

 

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