Non-alcoholic beer market to derive commendable receipts via its dynamically charged product landscape, global share to surpass USD 25 billion by 2024
Over the past decade, the non-alcoholic beer market share has expanded at an exceptional pace courtesy a marked increase in the preference for low liquor content beverages. Moreover, the rising disposable incomes, particularly among the middle-class populace, has further boosted the growth potential of non-alcoholic beer industry. In fact, as per a research report collated by Global Market Insights, Inc., the total remuneration portfolio of the overall non-alcoholic beer market stood at USD 13 billion in 2016.
Middle East & Africa Alcohol Free Beer Market, By Material, 2016 & 2024 (USD Million)
Concurrently, it would be prudent to mention that the worldwide per capita alcohol consumption has slumped since past few years – a factor that has encouraged prominent non-alcoholic beer market players to launch refined products. For instance, one of the foremost industry participant Heineken has recently released a new version of its flagship product, Heineken 0.0, a zero-alcohol lager with 69 calories per 33cl bottle. Apparently, the chief intention of Heineken to launch this new product is to offer the right taste of non-alcoholic beers to its consumers in Europe.
Owing to an exponential rise in health awareness and changing consumption patterns, non-alcoholic beer market share has expanded commendably in the past few years. However, there have been a few factors which have caused a considerable uneasiness across the non-alcoholic beer industry space. Apparently, one of the major obstacles to have hindered the product penetration has been the apprehension among consumers that the non-alcoholic beer is tasteless. In order to enhance the taste of alcohol-free beer, researchers around the globe, of late, have been working relentlessly to devise unique brewing methods.
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For instance, scientists at the University of Valladolid in Spain have reportedly developed a novel technique that would ensure non-alcoholic beer tastes just like the boozy version. Given that the alcohol in beer acts as a solvent for numerous aromatic compounds, it is quite a strenuous process to recover them once lost. However, the latest technique is said to comprise a semipermeable membrane that separates the two portions, a gaseous phase of aromatic compounds and a liquid phase of alcohol, from alcoholic beer. Subsequently, the gaseous phase can then be condensed, extracted, and added to alcohol-free drinks.
Concurrently, it has also been said that the latest technique demonstrates the progress in manufacturing ‘alcohol-free’ varieties of beer more palatable for the costumers. This would, in turn, assist the prominent non-alcoholic beer industry participants to focus on developing an assortment of new products in the ensuing years.
Non-alcoholic beer market to be swamped with a range of new products
With an objective to cater the growing base of health-conscious consumers, the non-alcoholic beer industry stakeholders have been reshaping their product portfolios by launching new alcohol-free beverages. Below mentioned are a few major instances of product launches which indicate the paradigm shift that is being witnessed across the non-alcoholic beer market in the recent times:
- Following the success of its first two non-alcoholic beers, England based microbrewery St Peter’s has recently launched a third range of non-alcoholic drinks. Brewed in a similar way as a normal beer, the ‘Without’ range of beers is a rich alternative over the alcoholic one. Primarily targeted toward ale and lager drinkers, the firm now aims to cater its consumers with vegan and organic beers. Apparently, with the growing consumer appetite for more choices and quality in the alcohol-free category of drinks, the growth prospects of non-alcoholic beer market appear promising.
- Created after two years of experimentation by brewers of Dublin, Diageo-owned Guinness has launched a non-alcoholic and full-flavored lager, Open Gate Pure Brew, in January 2018. Ostensibly, the launch reflects the company’s rising interest in low ABV and zero-alcohol beverages which have been the most profitable products for the non-alcoholic beer industry players.
With the presence of optimum sodium content and lower calories, the non-alcoholic beer market is bound to witness commendable growth over the forthcoming years. In addition to the aforementioned health benefits, alcohol-free beers consist of numerous essential micro and macro nutrients including proteins, antioxidants, B-complex vitamins, minerals, carbohydrates, and fiber. This would, in turn, expand the reach of non-alcoholic beers market across myriad geographies of the globe in the ensuing years. In terms of global profitability potential, global non-alcoholic beer market is forecast to surpass USD 25 billion by 2024.
Author Name : Saif Ali Bepari
Soluble fibers market to witness a double-digit CAGR over 2017-2024, North America to procure a major industry chunk
Global soluble fibers market has stood as one of the major beneficiaries of the changing food habits of health-conscious and aware consumer base. With the exponentially increasing number of consumers utilizing fibers as a major ingredient in their diets, the global soluble fibers industry is indeed poised for a remarkable expansion in the ensuing years. In fact, fiber – which has since long been tagged as a vital ingredient for optimal digestive health, weight control & management, etc.– has remained protruding amid myriad breakthroughs of other ingredients in the F&B industry. Global Market Insights, Inc., reports that the soluble fibers market size for the year 2016 was pegged at USD 1.5 billion and is further anticipated to exceed USD 5.5 billion by 2024. Reportedly, North America is set to hold a major chunk in the global landscape.
Germany Soluble Fibers Market Size, by Application, 2013 – 2024 (USD Million)
Speaking along similar lines, North America with U.S. at its forefront is witnessing a phenomenal growth pertaining to the health-conscious population. Increasing awareness regarding the importance of gut health due to surging rate of digestive problems has in turn augmented demand for soluble fiber products in the region. Analysts also deem the low carb trend – that has gained mass popularity as an approach for weight loss in the region – to have fueled soluble fibers market growth. In fact, estimates claim the overall North America to have accounted for more than 25% of the global soluble fibers industry share in 2016.
On the geographical aspects, it becomes imperative to mention that Europe, with increasing demand for nutritional food products is poised to register a CAGR of 16.6% over 2017-2024. Asia Pacific soluble fibers market, on grounds of rising urban population and high density of ageing population, is set to witness y-o-y growth rate of 17% over 2017-2024.
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According to the IOM (Institute of Medicine, Washington), individuals of all ages should have an intake of 14 grams of fiber for every 1000 calories consumed to garner maximum benefits. The fiber intake range is further categorized into 25 grams and 38 grams for young women & men respectively. Despite of these standards, the 2003-2004 survey conducted by the NHANES (National Health and Nutrition Examination Survey) exhibited that only 3% of all Americans meet the recommended intake of fiber in their diets. The report also reveals that what further adds to this poor outcome is that about 67% of consumers believe that they are already getting the necessary levels of fiber in their diets.
IFIC’s 2013 Functional Food Consumer Survey found that the main reason behind the disconnect among the consumer perception and actual fiber intake is the significant amount of population that struggled with proper intake of fiber or are unaware of the fact recommended levels. What this means is consumers believed that they were taking in more fibrous products than what they actually consumed.
Despite the major difference between fiber intake recommendation and reality, the drive for consuming and incorporating more & more fiber is still prominent for several health-conscious consumers. This consumption gap vividly highlights the untapped business opportunities for the potential stakeholders to explore this fraternity.
Adding fuel to fire is the IFIC 2013’s survey result that showed majority of U.S. consumers inculcate fiber for weight management (72%) and optimal digestive health (85%). Moreover, it has also been reported that around 60% of American consumers check the ingredients list to see if it contains fiber before purchasing. The data goes on to depict the strong stance U.S. holds in the global soluble fibers market landscape.
With reference to the strategic landscape, soluble fibers market is set to witness a slew of product launches in sync with the consumer health demands. In fact, this is one of the most vital parameters anticipated to define the competitive hierarchy of this business. Cargill has already taken a step forward in this arena and has rolled out a fiber product made from whole-grain barley that promoted healthy heart. Industry experts cite more such product launches by the market players to add a renewed dynamism to the competitive landscape. For the record, some of the renowned soluble fibers market players are Tate & Lyle, Nexira, DuPont Nutrition & Health, Archer Daniels Midland Company, and Ingredion Incorporated.
Author Name : Ojaswita Kutepatil
Phase Change Materials (PCM) market to garner lucrative proceeds via buildings & construction applications, product innovations to underline the strategic landscape
The rising efforts of regulatory bodies toward curbing greenhouse gas emissions has resulted into significant phase change materials market growth in the recent years. The idea to make use of PCMs for storing thermal energy, according to experts, thrived successfully on account of the materials ability to utilize latent heat of phase change to control temperature within a set range. On these grounds, PCMs have witnessed extensive demand from the HVAC, chemical, packaging, textiles, and the most prominent building & construction sectors where they are being used for stabilizing temperature and for storing heat. Reports reveal that use of PCMs in these aforementioned applications will lead to reduced use of coolers & heaters, in turn, reducing energy consumption.
U.S. phase change materials market size, by product, 2013 – 2024 (USD Million)
According to the IEA (International Energy Agency) global energy consumption has raised by two folds within the timespan from 1973 to 2012, that recorded energy of approximately 8,500 million tons of oil equivalent. This significant rise in energy consumption parallelly resulted into increase in GHG emission by 7.7% as recorded from 1990 to 2014. Further analyzing, the data stands as a token to the growing necessity for deploying more environment-friendly technologies and gadgets that would possibly reduce harmful emissions and save energy. Analysts deem this trend to have had a profound impact on the phase change materials market expansion in the recent years. Not only this, the use of PCMs in end-use segments such as the HVAC and building & construction have led the companies to earn over 10 to 20 times of carbon credits as compared to other greener insulating materials – a fact further adding fuel to phase change materials market growth in the years ahead.
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Considering the installation of PCMs at an unprecedented rate by the building & construction sector, it is quite pivotal for the potential stakeholders to take note of this burgeoning business segment. According to a reliable research report, the opportunities for energy savings and GHG emission reduction by implementing PCMs in thermal energy storage systems are at their very pinnacle. In fact, in findings it was concluded that over 3% of total CO2 emissions by fuel by 2020 could be significantly reduced with phase change materials application in building & construction for cooling/heating. Analysts claim this trend to take a prominent shape in the European countries – chiefly on the grounds of stringent regulations toward lowering GHG emissions & curtailing carbon footprints. Thus, it wouldn’t be wrong to say that the building & construction sector will stand as one of the most lucrative growth grounds for phase change materials industry space.
Endorsed by such profitable end-use landscape, the phase change materials market is further likely to witness intensive R&D strategies to develop new product alternatives that can prove beneficial in energy conservation. An instance substantiating the same is of Vesl LLC which launched encapsulated PureTemp phase change materials in partnership with a biobased specialty chemical company Entropy Solutions. The product is 100% environment-friendly and operates in wide range of temperatures as well as application spectrum. Other innovative solutions that are likely to bag lucrative proceeds for the duo comprise BlockVesl, MicroVesl, and MacroVesl. Industry experts speculate that with such high-end solutions being brought forth rapidly in the phase change materials industry, it is rather overt for the business space to tread along profitable roadmap in the coming years.
A presumption validating the same is a report compiled by Global Market Insights, Inc., that claims global phase change materials market to become a massive 4-billion-dollar industry by 2024 with an y-o-y growth rate of 15.8% over 2017-2024.
Author Name : Ojaswita Kutepatil
North America aircraft thrust reverser market to attain commendable proceeds over 2017-2024, technologically advanced product designs to impel the regional industry
As the frequency of air travel has been increasing in the recent years, aircraft thrust reverser market has gained robust traction in the transportation space. That to say, despite rising fares and climbing fuel costs, air travel has now become a conceivable mode of transportation. Not to mention, with rising disposable incomes and changing consumer lifestyles, an increasing percentage of people choose to spend vacations at exotic locations, further stimulating the aviation industry trends. In consequence, this has had a commendable impact on the commercialization scale of aircraft thrust reverser market, as these products are critically important components in an aircraft for ensuring efficient deceleration and landing. Since technology plays a major role in improving the design and manufacturing style of these components, aircraft manufacturers have been collaborating with leading players of aircraft thrust reverser industry in order to manufacture highly efficient and advanced reversers. In a recent instance, one of the leading aircraft thrust reverser market firms, Spirit AeroSystems celebrated its delivery of 10,000 fuselage, which includes thrust reversers, to Boeing 737.
U.S. Aircraft Thrust Reverser Market, By Product, 2016 & 2024, (Units)
The last couple of decades have witnessed a major evolution in aircraft designs. Modern aircrafts are noted to encompass greater takeoff gross weight and require more runway length for takeoff and landing. To cope with ever increasing airport flow and emergency situations, an increase in demand for reliable deceleration systems has been observed, propelling aircraft thrust reverser market growth. It is also prudent to mention that thrust reverser designs significantly influence engine nacelle weight and wing performance. As these parameters decide the overall operation efficiency and maintenance cost of the overall aircraft, efficient reverser designs contribute a great deal toward aircraft thrust reverser market.
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The material used for the construction of thrust reversers is as important as the design and working mechanism. Research suggests that the weight of thrust reversers account for 30% of the whole nacelle weight. Air leakage and pressure loss caused by thrust reversers can also lead to 1% increase in the flight’s fuel consumption. The chief advantage of using thrust reversers for speed deceleration is that they are not affected by wet weather or icy runways. They can act to enhance aircraft safety in a wide range of conditions. Therefore, efforts are being made by industry players to design and manufacture thrust reversers with lighter materials – especially composites. Another vital factor that may influence this business sphere is airports attempting to restrict noise levels. As manufacturers innovate methods to improve acoustic protection during takeoff and landing by reinforcing the structure and using novel materials, aircraft thrust reverser industry is likely to witness considerable expansion.
Subject to the fact that the region houses numerous industry biggies, North America is projected to account for a prominent share of the overall aircraft thrust reverser market. The presence of a large passenger base and a developed airlines industry has also contributed to the growth of aircraft thrust reverser industry in the region. Europe aircraft thrust reverser market on the other hand, will be driven by countries like Germany, France, Italy, and Russia, where stringent government regulations have been laid across to produce more fuel-efficient aircrafts.
With globally acclaimed regulatory bodies emphasizing on the importance of aviation safety, aircraft thrust reverser industry stands to witness a rising growth potential over 2017-2024. Speaking of safety in fact, it has been observed that runway excursions are one of the most common type of aviation accidents. According to the US National Business Aviation Association, nearly one third of all business aviation accidents are caused by aircrafts overrunning the runway or veering off during takeoff or landing. Efficient thrust reversers can go a long way in mitigating such accidents. Indeed, the rising demand for these products to minimize the occurrence of such mishaps is likely to propel aircraft thrust reverser market size to quite an extent. As per estimates, aircraft thrust reverser industry size is forecast to cross $2.2 billion by 2024.
Author Name : Paroma Bhattacharya
pH meters market to enter the billion-dollar business league by 2024, increased product demand from the food processing and agriculture sectors to augment the industry growth
The robust significance of pH measurement in industrial processing has indeed helped pH meters market chart out a profitable growth path in the recent years. Indeed, the hazardous effects of non-balanced pH levels have been aptly demonstrated in numerous experiments. Say for example, the one conducted at the Great Barrier Reef by reputed scientists focused on intentionally acidifying the water to demonstrate how the destabilized pH level of the sea caused by burning fossil fuels can harm coral skeletons. Maintaining the right pH level is crucial in the food and bioprocessing industries as well.
U.S. pH Meters Market size, By Product, 2013-2024 (USD Million)
On these grounds, pH meters market has attained renewed importance lately. Technological advancements have also been rampant across this business space, as companies strive to design highly efficient products for apt measurements. Latest state-of-the-art meters include features like hardware miniaturization and easy-to-use software that will further stimulate pH meters industry share.
The food industry is a vital growth avenue for pH meters market, given how crucial the maintenance of pH level is for quality assurance in this sphere. For instance, incorrect pH level in yogurt can result in excessive free whey, discoloration and insufficient or additional tartness. Or for that matter, jelly, wine, and cheese manufacturing – every food processing method requires the maintenance of proper pH level to reach their optimum taste and quality.
In this regard, authorized bodies have also been emphasizing on the importance of maintaining a certain level of pH to ensure food safety, making pH meters market strictly regulatory-driven. Indeed, a fixed set of values has been set for pH levels in sanitation solutions. For example, chlorine concentration is expected to be between pH 8 to 10 while iodine solution is meant to have pH 5 or lower. Thus, the extensive deployment of these meters in the food sector is certain to stimulate pH meters market size.
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The application of these products in bioprocessing is also forecast to boost pH meters market outlook. In fact, pH level is one of the most frequently monitored parameters in bioprocess workflow. Scaling and streamlining proteins in bioprocessing require accurate and stringent pH monitoring as proteins and other large molecules tend to lose stability outside optimal pH conditions. Bioprocessing being an integral part of the expanding biopharmaceutical sector, is certain to emerge as a viable growth avenue for pH meters industry.
Though known for their usage in the industrial sector, pH meters also command an important position in agriculture. Traditional patterns and methods of farming often fail to recognize the importance of maintaining a stable pH level of the soil. It has been determined that a good crop output depends as much on the micro and macro nutrients present in the soil as on the weather conditions and efficient fertilizers. As agriculturally dependent nations are opting to educate farmers in the importance of maintaining a healthy soil pH level, pH meters market is expected to expand its scope through the facilitation of informed agricultural choices.
North America is one of the pivotal regions where pH meters market has demonstrated a healthy CAGR since the last few years – in fact, North America dominated pH meters industry in 2016. The growth can be attributed to the fact that regulatory bodies in this region are highly stringent and proactive as far as the enforced norms regarding food safety are concerned. Additionally, waterbodies supplying drinking water are kept under constant supervision while pharmaceutical research is prioritized at the highest level in the country. On these grounds, it would be fair enough to state that North America pH meters market will register a lucrative growth rate over 2017-2024.
Emerging economies such as India and China are also expected to register a substantial CAGR in the ensuing years, driven by the rising number of food and water borne diseases and the growing number of wastewater treatments. While China holds the largest proportion of APAC pH meters market share, India has been forecast to depict the highest CAGR over 2017-2024.
In the present production environment, the measuring and accurate recording of pH levels can make all the difference between a perfect product and one that goes down the rejection line. For instance, an accurate and reliable pH meter is the means to achieving the correct cutting pH and break pH in case of cottage cheese. In the years to come, myriad sectors will be deploying technologically advanced pH meters for the better regulation of the production line, which would majorly impel pH meters industry share. With the advancement of modern medicine and the rising demand for packaged food, pH meters market will witness an exponential growth graph in the forthcoming years.
Author Name : Paroma Bhattacharya
U.S. cancer diagnostics market to exhibit commendable growth prospects over 2017-2024, evolving technologies to characterize the industry landscape
With the rising awareness toward early diagnosis and treatment of critical chronic diseases, cancer diagnostics market in the recent years has been making rapid progressions. Reports claim that cancer is gradually becoming a leading cause of mortality on a global scale. In fact, according to the 2015 statistics by WHO, cancer accounted for 8.8 million deaths. Estimates further claim the new cancer cases to raise by 70% in coming two decades. Considering the alarming increase in cancer prevalence that has led to greater demand for better care and treatment methods, the global cancer diagnostics market, quite overtly is expected to witness significant remuneration in the coming years.
China Cancer Diagnostics Market, By Application, 2013 – 2024 (USD Million)
In terms of commercialization matrix, Global Market Insights, Inc., claims the worldwide cancer diagnostics market to exceed valuation of over USD 156 billion by 2024, with an estimated CAGR of 8.1% over 2017-2024. With such huge growth potential, the report further affirms the U.S. to have dominated the regional cancer diagnostics industry share in 2016. High prevalence of cancer and the surging need to diagnose it at an early stage have uplifted the growth prospects of the U.S. cancer diagnostics industry. Not only this, but the fact that the region has high adoption rate of technologically superior & advanced diagnostic methods have also had a rendering impact on the regional growth statistics. Estimates claim U.S. cancer diagnostics market to witness y-o-y growth of 8% over 2017-2024, mainly on the cusp of rising research & development activities that are been carried out to develop better diagnostic methods.
Speaking of the development of better cancer diagnostics procedures, it is prudent to mention that several cancer diagnostics industry players and Universities are making significant R&D investments and are collaborating with research institutes to come up with improvements with regard to cancer diagnosis. Below mentioned is an instance of a recent technology that has been creating quite a stir in the global cancer diagnostics industry space.
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Imperial College’s new imaging technology strongly claims to improve cancer diagnosis accuracy
Presently, biopsy is the generic diagnosis method adopted for practically every type of cancer. In this method, a tissue is thinly sliced & is stained with two vegetable dyes known as eosin and haematoxylin (H+E stained) and is analyzed under microscope where the severity of disease in grade by eye. In this process, it is quite overt that different practitioners judging the same biopsy slice will only decide the grade of severity (accurately) around 70% of the time. What this means is that there is a high possibility that some patients would be receiving overtreatment.
In a bid to overcome this problem, a team from the Imperial College, London has developed a cancer diagnosis method called as “Digistain” that has recently made it to the headlines for eliminating the variability and subjectivity in biopsy grading.
According to reports, the new Digistain technology measures a biological marker nuclear-to-cytoplasmic-ratio (NCR) factor that is common to wide range of cancers. The machine gives a quantitative DI score (Digistain index), corresponding to the NCR. Several experiments showed that the DI score is an extremely reliable indicator of the degree of progression of the disease.
Industry experts deem Digistain to be a technology breakthrough in the global cancer diagnostics industry. The machine is not only designed to remove the element of chance in cancer diagnosis but also to be cheaply & easily integrated into hospital laboratories and research centers. Endorsed with such leading technological advancements and developments of user friendly cancer screening products, analysts estimate cancer diagnostics market to tread along a lucrative growth path in the ensuing years. Companies are further embarking innovative methods such as liquid biopsies and next-generation sequencing (NGS) to address the most life-threatening form of cancers. Analysts further deem the industry to witness foreseeable growth in terms of companies launching cost-effective & accurate diagnostics methods that would satisfy growing consumer demand. For the record, some of the renowned companies partaking in global cancer diagnostics industry share include Roche, Becton, GE Healthcare, Illumina, Qiagen, Abbott Laboratories, Dickinson, and Sienna Cancer Diagnostics.
Author Name : Ojaswita Kutepatil