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Press Releases

Global Fumaric Acid Market to Reach US$ 855 Million by 2024, Bolstered by Development of Bio-Based Fumaric Acid
Fumaric acid is extensively used in the food and beverage industry as a food additive, flavor enhancer and pH controller as well as in the construction sector for the manufacturing of unsaturated polyester resins. As a result of the demand from these industries, the global fumaric acid market is currently witnessing moderate growth.


Global Malic Acid Market to Reach 103 Kilotons by 2024, Impelled by Increasing Demand from Food and Beverage Industry
Over the past few years, the global malic acid market has witnessed steady growth. The growing preference for malic acid among health-conscious consumers along with the implementation of favorable regulations for including natural food ingredients in various countries is driving the market growth.


Global Contract Lifecycle Management Software Market to Reach US$ 2.4 Billion by 2024, Supported by Enhanced Compliance and Transparency
The global contract lifecycle management software market has witnessed robust growth in recent years. Some of the advantages offered by CLM include easy access to similar contracts and improved ability to ensure compliance with the regulations of governing authorities.


Global Shrimp Feed Market to Cross US$ 7 Billion by 2024, Propelled by Commercialization of Shrimp Farming
The global shrimp feed market has witnessed moderate growth over the past few years. This can be attributed to changing dietary habits, the introduction of high-quality feed variants and commercialization of shrimp farming.


Global HIV Drugs Market to Reach US$ 22.5 Billion by 2024
The global HIV drugs market has witnessed significant developments in the last few years including advancements in medicine discovery processes and the development of affordable treatment along with the launch of awareness campaigns by various governments.


UAE Cat Food Market to Reach US$ 37 Billion by 2024, Impelled by Popularity of Fortified Products
The UAE cat food market has witnessed moderate growth over the past few years. The rising trend of pet humanization, high disposable incomes of pet owners and the availability of value-added product variants is spurring the growth of the market.


Global Automotive NVH Materials Market to Reach US$ 16 Billion by 2024, Catalyzed by Regulations for Lowering Noise Pollution
Over the past few years, the global automotive NVH materials market has witnessed steady growth. The use of new NVH materials like polyurethane, polypropylene and polyvinyl chloride in automobiles to reduce vehicle noise levels is contributing to the market growth.


Global Food and Beverages Processing Equipment Market to Reach US$ 82 Billion by 2024, Strengthened by the Advent of Green Technologies
The global food and beverages processing equipment market has witnessed moderate growth over the past few years. This can be accredited to the changing dietary patterns of consumers, rising number of quick-service restaurants (QSRs), introduction of green technologies and increasing demand for nutritious and ready-to-eat (RTE) food products.


Global Binder Excipients Market to Reach US$ 1.7 Billion by 2024, Spurred by Demand for Generic Medicines
The global binder excipients market has witnessed moderate growth over the past few years. This can be accredited to increasing consumption of generic medicines, patent expiry of numerous drugs and the development of sophisticated variants of binder excipients for enhanced drug delivery.


UAE Weight Loss Market to Reach US$ 1,208 Million by 2024, Bolstered by Rising Obesity Rates in the Country
The UAE weight loss market has witnessed moderate growth in recent years on account of high-income levels and the fast-paced lifestyles of consumers along with the growing prevalence of chronic diseases and the increasing number of fast-food outlets in the country.


Global Laboratory Glassware and Plasticware Market to Reach US$ 6.9 Billion by 2024, Supported by Establishment of R&D Facilities
The global laboratory glassware and plasticware market has witnessed stable growth over the past few years. This can be attributed to the increasing number of state-of-the-art research institutes coupled with changing education systems.


Global Digital Video Content Market Boosted by Rising Popularity of OTT Media Services
The global digital video content market is growing at a rapid pace. Some of the factors that have contributed to the market growth are easy access to the internet, increasing sales of digital devices, significant growth of social media platforms, and the emergence of advanced technologies.


Global Neoprene Market to Reach 498 Kilotons by 2024, Propelled by Booming Construction Industry
The global neoprene market has witnessed moderate growth over the past few years. The growing demand for neoprene can be attributed to its extensive utilization in the construction, wires and cables, and automotive industries.


Global Sonar System Market to Reach US$ 5.3 Billion by 2024, Stimulated by Development of Advanced Systems
The global sonar system market witnessed moderate growth over the past few years on account of growing applications of these systems in the military and naval sectors coupled with technological innovations.


Indian Poultry Market to Reach INR 4,340 Billion by 2024, Strengthened by Growth in Food Service Sector
The Indian poultry market has witnessed robust growth over the past few years which can be attributed to the flourishing food service industry, emerging organized retail outlets and rising demand from the eggetarian and non-vegetarian population in the country.


Global Water Treatment Chemicals Market to Reach US$ 62 Billion by 2024, Bolstered by Increasing Water Recycling Activities
Over the past few years, the global water treatment chemicals market has witnessed moderate growth. Shortage of fresh water and degrading water quality have increased the demand for water treatment chemicals for treating wastewater in various sectors.


Indian Frozen Foods Market to Reach INR 188 Billion by 2024, Triggered by Advancements in Cold Chain Logistics
The Indian frozen foods market has witnessed robust growth over the past few years. The expanding organized retail sector coupled with the laws and policies laid by the government regarding sanitation, licensing and permits for selling frozen foods are driving the market growth.


Global Wood-Plastic Composites Market to Reach 6.6 Million Tons by 2024, Strengthened by Flourishing Construction and Automobile Industries
The global wood-plastic composites market has experienced strong growth over recent years. The growing environmental concerns coupled with the expanding applications of wood-plastic composites in the construction and automobile industries are driving the growth of the market.


Global Waterborne Wood Coatings Market to Reach US$ 3 Billion by 2024, Stimulated by Arrival of Advanced Products
Over the past few years, the global waterborne wood coatings market has witnessed moderate growth. This can be accredited to the increasing construction activities around the world, stringent government policies and the introduction of innovative waterborne wood coatings.


Global Animal Health Market to Reach US$ 44 Billion by 2024, Stimulated by Rising Incidences of Zoonotic Diseases
The global animal health market has witnessed stable growth over the past few years. This can be attributed to factors such as the introduction of animal vaccination programs, rising prevalence of zoonotic diseases and increasing pet adoption rate.


Indian Pesticides Market to Reach INR 316.3 Billion by 2024, Supported by the Development of Eco-Friendly Products
The Indian pesticides market has witnessed strong growth over the past few years. This can be attributed to factors such as awareness campaigns by the Government, increasing exports and rising investments for the development of eco-friendly pesticides.


Global Potassium Nitrate Market to Reach US$ 1.8 Billion by 2024, Bolstered by Demand for High-Capacity Rechargeable Batteries
In recent years, the global potassium nitrate market has experienced moderate growth. Potassium nitrate is widely used in concentrated solar power (CSP) plants, as a fertilizer additive in the farming industry and for preserving meat products in the food industry.


UAE Prefabricated Building and Structural Steel Market to Reach US$ 1,400 Million by 2024, Induced by Economic Development Programs
The UAE prefabricated building and structural steel market has exhibited strong growth in recent years on account of rising preference for offsite construction and increasing number of infrastructure projects supported by development programs.


Saudi Arabia Weight Loss Market to Reach US$ 1,030 Million by 2024, Initiatives by Ministry of Health Impelling Growth
The Saudi Arabia weight loss market has witnessed stable growth over the past several years. The lack of physical activity and unhealthy lifestyles of the Saudis have resulted in an increased demand for weight management products and services, in turn, providing an impetus to the market.


Indian Honey Market to Reach INR 28,057 Million by 2024, Fostered by Training Programs by Government
The Indian honey market has witnessed strong growth over the past few years. The demand for honey has been rising as it offers numerous benefits such as improving cholesterol levels, nourishing skin, boosting memory and preventing heart diseases.


UAE Pet Food Market to Reach US$ 79 Million by 2024, Catalyzed by Growing Acceptance of Pets
The UAE pet food market has witnessed sustained growth over the past few years. The growing demand for pet food can be attributed to the development of high-quality products by the manufacturers along with the rising awareness regarding pet nutrition among owners.


Saudi Arabia Luxury Market to Reach US$ 22 Billion by 2024, Influenced by Establishment of Mono-Brand Stores
The Saudi Arabia luxury market has witnessed strong growth over the past several years. The high per capita income, along with rising tourist inflow and increasing investments in retail infrastructure projects, is giving an impetus to the market growth.


Global Telecom Power Systems Market to Reach US$ 5.8 Billion by 2024, Supported by Demand for Faster Network Services
The global telecom power systems market has witnessed moderate growth over the past few years. The major growth-inducing factors include a rise in internet penetration and the availability of energy-efficient telecom power systems.


Indian Warehouse Market to Reach INR 968 Billion by 2024, Growth Stimulated by Tax Reforms
The Indian warehouse market has witnessed robust growth over the past several years. This can be attributed to advancements made in the automation industry coupled with various policies and regulations introduced by the Government to facilitate warehousing activities.


Emergence of Online Channels Spurring Saudi Arabia Cat Food Market
Over the past few years, the Saudi Arabia cat food market has witnessed healthy growth. The rising trend of pet humanization, introduction of fortified variants of cat food and expansion of the e-commerce sector in Saudi Arabia are the major growth-inducing factors.


Indian Floriculture Market: Tax Benefits Encouraging Exports
The Indian floriculture market has witnessed robust growth over the past few years. The development of the industry can be accredited to the presence of skilled labor coupled with tax benefits offered by the Government of India.


Indian Animal Feed Market Propelled by Increasing Government Support
The Indian animal feed market has witnessed healthy growth over the past few years. This can be attributed factors such as development of the dairy sector, implementation of favorable schemes and policies by the Government, and technological innovations.


Huge Export Potential Stimulating Indian Fish Market Growth
The Indian fish market has witnessed positive growth over the past few years. The contribution of the fish industry in providing livelihood and employment in India along with several initiatives by the Government for increasing fish production are driving the market growth.


R&D Activities Bolstering Global Medium Format Camera Market
The growth of the global medium format camera market can be attributed to the exceptional image quality yielded by medium format cameras along with increasing research and development activities by various manufacturers and the ability to customize these cameras.


MENA Extruded Snack Food Market Driven by Growing Demand for Ready-to-Eat Snacks
The MENA extruded snack food market has witnessed steady growth over the past few years. The growing demand for extruded snacks in the region can be accredited to their long shelf-life along with the development of numerous product variants by the manufacturers.


Shift Towards Protein-Rich Foods Fueling Global Egg Powder Market
The global egg powder market has witnessed moderate growth over the past few years. This can be accredited to the rising health awareness among consumers, growing demand for egg powder from emerging countries and introduction of egg yolk powder variants by manufacturers.


Global Home Décor Market Triggered by Improving Standards of Living
The global home décor market has witnessed steady growth over the past several years. Partnerships among manufacturers and interior designers to produce unique and luxurious home décor products are further giving an impetus to the market growth.


Young Population Driving Philippines Coffee and Tea Capsules Market
Over the years, the Philippines coffee and tea capsules market has witnessed healthy growth. This can be attributed to the changing demographics, hectic schedules of the working population, flourishing e-commerce industry and expanding distribution channels in the region.


Initiatives by NGOs Spurring Global Intrauterine Devices Market
Over the past few years, the global intrauterine devices market has encountered moderate growth which can be accredited to supportive plans introduced by several organizations working toward educating the female population regarding the benefits of IUDs.


Portugal PVC Pipes Market Propelled by Construction of Affordable Houses
The Portugal PVC pipes market has witnessed positive growth over the past few years. The increasing demand for PVC pipes in Portugal can be attributed to the versatile applications of these pipes in various industries.