rutudattadhome

[rutudattadhome]

Future Outlook of the Electric Vehicle Market

Meticulous Research®—a leading global market research company, published a research report titled, 'Electric Vehicle (EV) Market by Vehicle Type (Passenger Vehicle, LCVs, HCVs, Two-wheelers, e-Scooters & Bikes), Propulsion Type (BEV, HEV), End Use (Private, Commercial, Industrial), Power Output, Charging Standard, and Geography - Forecast to 2031.’

According to this latest publication from Meticulous Research®, the global Electric Vehicle market is projected to reach $ 6,916.43 billion by 2031, at a CAGR of 28.0% from 2024–2031. By volume, this market is projected to reach 446.54 million units by 2031, at a CAGR of 20.5% from 2024–2031. The growth of the global electric vehicle market is driven by factors such as supportive government policies and regulations, increasing investments in EV development by leading automotive OEMs, rising environmental concerns, decreasing battery prices, and the increasing consumer demand for electric vehicle. The growing adoption of autonomous electric vehicle and the increasing focus on electric mobility in emerging economies are expected to generate growth opportunities for the stakeholders in this market.

However, the high purchasing costs of electric vehicle and the lack of charging infrastructure in developing countries are expected to obstruct the growth of this market to some extent. The range anxiety among consumers and the low cold weather performance of electric vehicle are major challenges for market growth. Additionally, shared mobility, smart EV charging stations, wireless EV charging, and solar-powered EV charging stations are prominent trends in the global electric vehicle market.

Meticulous Research® has segmented this market based on vehicle type, power output, propulsion type, end use, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at country levels.

Based on vehicle type, the global electric vehicle market is segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, two-wheelers, and e-scooters & bikes. In 2024, the passenger vehicle segment is expected to account for the largest share of the global electric vehicle market. The large share of this segment is attributed to increasing favorable government policies and subsidies for promoting the adoption of electric vehicle, growing awareness regarding the role of electric vehicle in reducing emissions, increasing fuel prices, and proactive participation by automotive OEMs in producing electric passenger vehicle.

Based on power output, the global electric vehicle market is segmented into less than 100 kW, 100 kW to 250 kW, and more than 250 kW. In 2024, the less than 100 kW segment is expected to account for the largest share of the global electric vehicle market. The large share of this segment is attributed to the increasing adoption of electric scooters and mopeds, increasing investments by government authorities in the development of EV charging infrastructure, and favorable policies, incentives, and subsidies introduced by several state governments.

Based on propulsion type, the global electric vehicle market is segmented into hybrid electric vehicle and battery electric vehicle. In 2024, the battery electric vehicle segment is expected to account for the largest share of the global electric vehicle market. The large share of this segment is attributed to stringent emission standards, rising demand for increased fuel efficiency, growing demand for zero-emission vehicle, and increasing adoption of battery electric vehicle as private vehicle, autonomous delivery vehicle, industrial vehicle, and public transport.

Based on end use, the global electric vehicle market is segmented into private, commercial, and industrial use. In 2024, the private use segment is expected to account for the largest share of global electric vehicle. The growth of the segment is attributed to the growing awareness regarding the hazards associated with greenhouse gas emissions and environmental pollution, stringent emission norms, and demand for premium EVs among consumers. Also, supportive government incentives to promote the sales and manufacturing of EVs, tax rebates, and the decline in battery costs are further driving the adoption of EVs among consumers for private use.

Based on geography, the electric vehicle market is segmented into Asia–Pacific, Europe, North America, Latin America, and Middle East & Africa. In 2024, Asia–Pacific is expected to command the largest share of global electric vehicle. In recent years, the electric vehicle (EV) market has grown rapidly in the Asia Pacific region. China, Japan, and South Korea are providing subsidies and tax incentives and implementing regulations to support the development and adoption of EVs and reduce greenhouse gas emissions and air pollution.

Key Players:

The key players operating in the global electric vehicle market are Tesla, Inc. (U.S.), BMW AG (Germany), BYD Company Ltd. (China), Volkswagen AG (Germany), Hyundai Motor Company (South Korea), Volvo Group (Sweden), Mercedes-Benz Group AG (Germany), Ford Motor Company (U.S.), Honda Motor Co., Ltd. (Japan), General Motor Company (U.S.), Nissan Motor Co., Ltd. (Japan), Tata Motors Limited (India), Alcraft Motor Company Ltd. (U.K.), Zero Electric Vehicle Inc. (U.S.), and Faraday & Future Inc. (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5179

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of type, power output, propulsion type, end use, and geography?

What is the historical market size for global electric vehicle?

What are the market forecasts and estimates for the period 2024–2031?

What are the major drivers, opportunities, and challenges in the global electric vehicle market?

Who are the major players, and what shares do they hold in the global electric vehicle market?

What is the competitive landscape like?

What are the recent key developments in the global electric vehicle market?

What are the strategies adopted by major players in this market?

What are the key geographic trends and high-growth countries?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[rutudattadhome]

Future of Laboratories Lies in Automation Market Trends

\

Meticulous Research®—a leading global market research company, published a research report titled, ‘Lab Automation Market Size, Share, Forecast, & Trends Analysis by Product (Liquid Handling, Nucleic Acid Purification System, Microplate Reader, ELISA, LIMS, ELN) Application (Drug Discovery, Diagnostics, Genomics) End User – Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the global lab automation market is projected to reach $11.31 billion by 2031, at a CAGR of 7.3%. The factors driving the market are increasing pharmaceutical and biotech R&D expenditure, growing demand for automated labs and instruments, increasing prevalence of chronic and infectious diseases, and government initiatives supporting life sciences R&D. Additionally, factors such as growth in genomics and proteomics, increasing focus on food safety and quality, increasing awareness and adoption of personalized medicines, and emerging economies are a few opportunities that would help grow the market in the future.

However, the high costs of advanced lab automation equipment and funding and infrastructure limitations in developing countries are restraining the market’s growth. Additionally, equipment maintenance and repair and data security and privacy concerns are major challenges for the market’s growth.

Key Players

The key players profiled in the lab automation market report are Thermo Fisher Scientific, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Revvity, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), Tecan Group Ltd. (Switzerland), F. Hoffmann-La Roche AG (Switzerland), Siemens Healthineers AG (Germany), Abbott Laboratories (U.S.), Becton, Dickinson, and Company (U.S.), Hudson Robotics, Inc. (U.S.), and Hamilton Company (U.S.).

The global lab automation market is segmented by Product [systems {automated liquid handling systems, automated nucleic acid purification systems, automated ELISA systems, automated microplate readers, automated storage and retrieval systems, and other lab automation systems}, and software {laboratory information management software (LIMS), electronic lab notebook (ELN), workstation/equipment automation software, and scientific data management systems (SDMS)}], Application (drug discovery, clinical diagnostics, genomics and proteomics research, and other applications), End User (pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, research & academic institutes, and other end users), and Geography. The study also evaluates industry competitors and analyzes their market share at the global and regional levels.

Based on product, in 2024, the systems segment is expected to account for the largest share of the market. Systems are automated instruments that are incorporated with advanced technologies that carry out an entire process or experiment without the need for manual intervention. Some of these instruments include automated liquid handling systems, automated ELISA systems, and automated nucleic acid purification systems, among others. Due to the automation of these instruments, the results are obtained in a short time and are accurate. Thus, the increasing prevalence of genetic diseases and the advantages of lab automation, such as high efficiency, accuracy, faster turnaround time, reduced manual intervention, and rising pharmaceutical R&D expenditure, are some of the factors supporting the largest share of this segment.

Based on application, in 2024, the drug discovery segment is expected to account for the largest share of the market. The large market share of this segment is attributed to factors such as faster and more accurate experiments, reduced manual errors, more reproducible and consistent results, increased focus on drug development, and government initiatives to support drug discovery and development. The technological advancements in the field of lab automation have led to the use of these instruments in several processes in drug discovery development to improve the precision, compliance, and replicability of results.

Based on end user, in 2024, the pharmaceutical and biotechnology companies’ segment is expected to account for the largest share of the market. The large share of the segment is attributed to the increasing pharmaceutical R&D, growing focus on increased overall productivity, expansion of pharma and biotech companies by introducing or updating labs and research centers, and rising demand for new drug discovery and development. Pharmaceutical and biotech companies have been trying to increase the throughput and sample capacity by providing lab automation instruments to laboratories or setting up new research centers. For instance, in February 2023, Automata Technologies Limited (U.K.) is a company that provides integrated laboratory automation systems. They expanded in the U.S. by providing integrated lab automation facilities to several laboratories across the country in order to accelerate scientific and health outcomes.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the lab automation market, followed by Europe. However, Asia Pacific is slated to register the largest CAGR during the forecast period. The growth of this market is primarily driven by the advancing healthcare infrastructure, expanding pharmaceutical and biotechnology industry, increasing pharmaceutical research, and supportive government initiatives.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=1221

Key questions answered in the report:

Which are the high-growth market segments in terms of product, application, end user, and regions/countries?

What was the historical market for lab automation across the globe?

What are the market forecasts and estimates for the period 2024–2031?

What are the major drivers, restraints, challenges, opportunities, and trends in the global market of lab automation market?

Who are the major players in the global lab automation market?

What is the competitive landscape like, and who are the market leaders in the global lab automation market?

What are the recent developments in the lab automation market?

What are the different strategies adopted by the major players in the lab automation market?

What are the geographical trends and high-growth regions/countries?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[rutudattadhome]

Exploring Growth in the Global Sample Preparation Market

Meticulous Research®—a leading global market research company, published a research report titled ‘Sample Preparation Market Size, Share, Forecast & Trends Analysis by Product (Workstation, Pipette, Washer, Centrifuge, Grinder, Filters, Plates, Kits) Technique (Solid Phase Extraction, Purification), Application, End User – Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the sample preparation market is projected to reach $12.77 billion by 2031, at a CAGR of 6.4% during the forecast period. The growth of this market is driven by technological advances in sample preparation procedures, increasing process automation in laboratories, the development of bio clusters for supporting research activities, increasing R&D investments in the pharmaceutical and biotechnology industries, and active research in genomics and proteomics. Additionally, the widening applications of sample preparation in emerging economies and the increasing focus on personalized medicines are expected to offer significant market growth opportunities.

However, the high purchasing costs of automated sample preparation systems restrain the growth of this market. Additionally, the high costs of maintaining sample preparation systems pose a significant challenge to the market's growth.

Key Players

The key players operating in the sample preparation market are Agilent Technologies, Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Illumina, Inc. (U.S.), Merck KGaA (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), QIAGEN N.V. (Netherlands), F. Hoffmann-La Roche Ltd (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Tecan Group Ltd. (Switzerland), Promega Corporation (U.S.), and Norgen Biotek Corp. (Canada).

Sample Preparation Reagents Market: Future Outlook

The sample preparation market is segmented based on product (Consumables [Sample preparation Kits & Reagents {Isolation Kits & Reagents (DNA Isolation Kits & Reagents, RNA Isolation Kits & Reagents, Protein Isolation Kits & Reagents), Extraction Kits & Reagents (DNA Extraction Kits & Reagents, RNA Extraction Kits & Reagents, Protein Extraction Kits & Reagents), Purification Kits & Reagents (DNA Purification Kits & Reagents, RNA Purification Kits & Reagents, Protein Purification Kits & Reagents), Other Reagents}, Filters, Tubes, Plates, Other Consumables], Instruments [Liquid Handling Systems {Automated Liquid Handling Robots/Systems, Manual Pipettes, Reagent Dispensers, Microplate Washers, Other Liquid Handling Systems}, Centrifuges, Filtration Systems, Extraction Systems, Purification Systems, Other Sample Preparations Systems], Workstations, Software), Technique (Solid Phase Extraction (SPE), Liquid Phase Extraction (LPE), Filtration, Dilution, Precipitation, Other Sample Preparation Techniques), Application (Drug Discovery, Diagnostics, Genomic Studies, Proteomic Studies, Analytical Testing, Other Applications), End User (Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CRO), Academic & Research Institutes, Hospital & Diagnostics Laboratories, Food & Beverage Companies, Environmental Testing Laboratories, Other End Users), and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on the product, the sample preparation market is segmented into consumables, instruments, workstations, and software. In 2024, the consumables segment is expected to account for the largest share of the sample preparation market. Consumables include sample preparation kits & reagents, filters, plates, and others. Sample preparation kits, & reagents will help improve the quality of purification, isolations, and extractions, increasing the lab’s efficiency and decreasing sample variability. Hence, there will be an increase in the adoption of these kits while extracting or isolating the proteins or nucleic acids from the sample. Also, the new product launches will further contribute to the segment’s growth.

Based on the technique, the sample preparation market is segmented into Solid Phase Extraction (SPE), Liquid Phase Extraction (LPE), filtration, dilution, precipitation, and other sample preparation techniques. In 2024, the Solid Phase Extraction (SPE) segment is expected to account for the largest share of the sample preparation market. Solid phase extraction technique is widely used due to its rapid and selective sample preparation process. Due to its advantages, this technique has been adopted for various applications, including pharmaceutical compounds, drugs of abuse, environmental pollutants, pesticides, agriculture compounds, fractionation of lipids, desalting of proteins and peptides, and water, which contributes to the segment’s largest share.

Based on the applications, the sample preparation market is segmented into drug discovery, diagnostics, genomic studies, proteomic studies, analytical testing, and other applications. In 2024, the drug discovery segment is expected to account for the largest share of the sample preparation market. Higher demand for pharmaceutical and biopharmaceutical products, accelerated research in biopharmaceuticals, and high prevalence of infectious diseases and non-infectious diseases driving the need for innovative therapies is why there was a rise in the adoption of sample preparation products.

Based on the end user, the sample preparation market is segmented into Pharmaceutical & Biotechnology Companies, Contract Research Organizations (CROs), Academic & Research Institutes, Hospital & Diagnostics Laboratories, Food & Beverage Companies, Environmental Testing Laboratories, and Other End Users. In 2024, the pharmaceutical & biotechnology companies’ segment is expected to account for the largest share of the sample preparation market. The large market share of this segment is attributed to the increased adoption of sample preparation systems by pharmaceutical and biotechnology companies for various applications, including drug discovery, toxicology testing, and vaccine research. Furthermore, high spending on pharmaceutical R&D and a burden on pharmaceutical companies to introduce novel therapies to the market are driving the demand for sample preparation systems.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the sample preparation market, followed by Europe and Asia-Pacific. Furthermore, in 2024, the U.S. is expected to be the largest market shareholder in North America. North America’s major market share is attributed to the highly developed healthcare infrastructure and the presence of major market players such as Thermo Fisher Scientific (U.S.), Danaher Corporation (U.S.), and Agilent Technologies, Inc. (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5527

Key questions answered in the report:

Which are the high-growth market segments in terms of product, technique, application, end user, and region/country?

What was the historical market size for sample preparation across the globe?

What are the market forecasts and estimates for 2024–2031?

What are the major drivers, restraints, and opportunities in the global sample preparation market?

Who are the major players in the global sample preparation market?

What is the competitive landscape like, and who are the market leaders in the global sample preparation market?

What are the recent developments in the sample preparation market?

What strategies are adopted by the major players in the sample preparation market?

What are the geographical trends and high-growth regions/countries?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[rutudattadhome]

IVD Quality Control Market Outlook to 2031

Meticulous Research®—a leading market research company, published a research report titled, ‘IVD Quality Control Market Size, Share, Forecast & Trends Analysis by Offering (Product [Serum, Blood], Data Management, Service) Technology (Biochemistry, Molecular, Immunoassay) Application (cardiology, Oncology) End User – Global Forecast to 2031’

According to this latest publication from Meticulous Research®, the IVD quality control market is projected to reach $2.28 billion by 2031, at a CAGR of 4.3% from 2024 to 2031. The growth of the IVD quality control market is driven by the rising prevalence of chronic diseases, coupled with the increasing geriatric population, growing demand for third-party quality controls, need for internal and external quality assessment reports, increasing number of clinical laboratories, growing demand for Point-of-Care (POC) and rapid diagnostics. However, stringent technical requirements and regulatory processes for quality controls restrain this market's growth.

Growing demand for multi-analyte and multi-instrument controls offers opportunities for market growth. However, evolving regulatory landscape and lack of access to quality control/quality assurance materials are the major challenges to market growth.

Key Players

Key companies operating in the IVD quality control market are Seimens Healthineers AG (Germany), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), LGC Group (U.K.), Thermo Fisher Scientific Inc. (U.S.), SERO AS (Norway), Randox Laboratories Ltd. (U.K.), QuidelOrtho Corporation (U.S.), Streck LLC (U.S.), and Microbiologics, Inc. (U.S.), and Bio-Techne Corporation (U.S.)

The IVD quality control market is segmented by Offering (Quality Control Products {Quality Control Products, by Type [Serum/Plasma-based Controls, Whole Blood-based Controls, Urine-based Controls, Other Controls], Quality Control Products, by Function [Independent Controls, Instrument-specific Controls]}, Quality Assessment Services, Data Management Solutions); Technology (Immunoassay/Immunochemistry, Biochemistry/Clinical Chemistry, Molecular Diagnostics, Hematology, Coagulation/Hemostasis, Microbiology, Other Technologies); Application (Infectious Diseases, Oncology, Cardiology, Autoimmune Disorders, Neurology, Other Applications); End User (Hospitals & Clinics, Diagnostic Laboratories, Academic Institutes & Research Laboratories, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the offerings, in 2024, the quality control products segment is expected to account for the largest share of the IVD quality control market. Among the quality control products segment by type, serum/plasma-based controls are expected to account for the largest share as various diagnostic tests, such as those for glucose, cholesterol, electrolytes, liver enzymes, and cardiac markers, are performed using serum or plasma samples. Serum/plasma-based controls offer a direct and accurate way to monitor the accuracy and precision of these tests, thus supporting the largest share.

Among the technology, in 2024, the immunoassay/immunochemistry segment is expected to account for the largest share of the IVD quality control market. Immunoassay/immunochemistry advantages, such as inherent specificity, high-throughput, high sensitivity, and low cost, are driving the growth of this technology segment. Further, the increasing use of immunoassays in POC & infectious disease testing, development of novel tests, increasing usage of miniaturized devices, and rising demand for immunoassay-based tests support the increased demand for IVD quality controls for immunoassays.

Among the applications, in 2024, the infectious diseases segment is expected to account for the largest share of the IVD quality control market. The high prevalence of infectious diseases such as HIV, dengue, influenza, and pneumonia, the emergence of pandemics such as COVID-19, and supportive initiatives by public organizations to increase diagnostic testing are the factors supporting the large market share of this segment. For instance, According to UNAIDS estimates, in 2021, 38.4 million people were living with HIV globally (36.7 million adults and 1.7 million children aged 0–14 years). Additionally, in 2021, 1.5 million new cases of HIV were reported globally. This increased the usage of quality controls for infectious diseases.

Based on end user, in 2024, the hospitals & clinics segment is expected to account for the largest share of the IVD quality control market. The large market segment share is majorly attributed to the increasing prevalence of healthcare-associated infections (HAIs), the high volume of diagnostic tests conducted in hospitals, the growth in healthcare expenditure, and the expansion of hospitals and clinics in emerging markets. Additionally, during the COVID-19 pandemic, hospital admissions increased with the number of hospitals, leading to the high adoption of COVID-19 test quality controls in hospitals & clinics.

Based on geography, Asia-Pacific is expected to register the highest growth rate over the forecast period. The significantly growing IVD industry in the region with rising demand for early diagnosis from the large patient population in Asia, rising number of accredited laboratories, increasing number of hospitals and clinical pathologies, increasing healthcare spending, and improving healthcare infrastructure in the region are some of the major drivers for the growth of the Asia-Pacific market.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=3447

Key questions answered in the report:

What are the high-growth market segments in terms of the offering, technology, application, end user, and country/region?

What was the historical market for IVD quality control across the globe?

What are the market forecasts and estimates for 2024–2031?

What are the major drivers, restraints, opportunities, and challenges in the global IVD quality control market?

Who are the major players in the global IVD quality control market?

How is the competitive landscape, and who are the market leaders in the global IVD quality control market?

What are the recent developments in the IVD quality control market?

What are the different strategies adopted by the major players in the IVD quality control market?

What are the geographic trends and high-growth regions/countries?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[rutudattadhome]

Food Processing Equipment Market Future Outlook

Meticulous Research®—a leading global market research company, published a research report titled ‘Food Processing Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Meat, Poultry, and Seafood, Beverage, Bakery, Dairy, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic)- Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the food processing equipment market is projected to reach $103.82 billion by 2031, at a CAGR of 5.6% from 2024–2031. The growth of the food processing equipment market is driven by increasing demand for processed foods, a growing focus on food and worker safety, a growing need to increase productivity, food manufacturers’ increasing focus on reducing production costs, and government support to promote the food processing industry. However, the high cost of equipment and the consumers’ increasing inclination towards minimally processed food products restrain the growth of this market.

In addition, emerging economies such as Latin America, Southeast Asia, and Africa and a rapidly growing plant-based foods market are expected to generate growth opportunities for the players operating in this market. However, the lack of trained labor is a major challenge for market growth.

The key players operating in the global food processing equipment market are Bühler AG (Switzerland), Marel hf (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Heat and Control Inc. (U.S.), SPX Flow, Inc. (U.S.), Alfa Laval AB (Sweden), Krones AG (Germany), Paul Mueller Company (U.S.), Tetra Pak International S.A. (Sweden), Bigtem Makine A.S. (Turkey), TNA Australia Pty Limited (Australia), and Hosokawa Micron B.V. (Netherlands).

The global food processing equipment market is segmented by type, mode of operation, and geography.

Based on type, the food processing equipment market is segmented into meat, poultry, and seafood processing equipment; bakery processing equipment; beverage processing equipment; dairy processing equipment; chocolate and confectionery processing equipment; fruit and vegetable processing equipment; snacks processing equipment; and other food processing equipment. In 2024, the meat, poultry, and seafood processing equipment segment is expected to account for the largest share of 25.5% of the global food processing equipment market. The large share of this segment is attributed to growing meat production, high demand for processed meat products, growing focus on food safety requirements of meat processors, and consumer preference for protein-rich food products. However, the beverage processing equipment segment is projected to register the highest CAGR of 6.6% in the global food processing equipment market during the forecast period of 2024–2031.

Based on mode of operation, the food processing equipment market is segmented into semi-automatic and automatic. In 2024, the semi-automatic segment is expected to account for the larger share of 60.3% of the global food processing equipment market. The segment’s large share is attributed to the benefits of semi-automatic food processing equipment, such as greatly improved labor productivity, flexibility in production processes, and technical & economic feasibility.

However, the automatic segment is projected to register the higher CAGR of 6.4% in the global food processing equipment market during the forecast period of 2024–2031. The high growth of this segment is mainly driven by the increasing need for higher efficiency and improved food safety and the benefits of automatic food processing equipment, such as monitored production, reduced labor costs, automatic tracking of individual loads, no human errors, effective cleaning, and no cross-contamination.

Based on region, the global food processing equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, In 2024, Asia-Pacific is expected to account for the largest share of 43.0% of the global food processing equipment market, followed by Europe and North America. Asia-Pacific’s food processing equipment market is estimated to be worth USD 30.38 billion in 2024. Asia-Pacific’s major market share is attributed to the increasing demand for processed food products in emerging and developing countries of the region, including India, China, Indonesia, and Thailand; rising investments from major food and beverage players; and government support to promote the food processing sector.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5049

Key Questions Answered in the Report:

What is the current revenue generated by food processing equipment globally?

At what rate is the global food processing equipment demand projected to grow for the next 5–7 years?

What are the historical market sizes and growth rates of the global food processing equipment market?

What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?

Which segments in terms of type and mode of operation are expected to create major traction for the manufacturers in this market?

What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global food processing equipment market?

  Who are the major players in the global food processing equipment market? What are their specific product offerings in this market?

  What are the recent strategic developments in the global food processing equipment market? What are the impacts of these strategic developments on the market?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[rutudattadhome]

LifeScience, #LifeScienceEquipment, #HealthcareTechnology, #BiotechResearch, #PharmaceuticalInnovation, #ClinicalDiagnostics, #MedicalResearch, #MarketTrends, #LabAutomation, #GlobalHealthcare

[rutudattadhome]

Plant Based Milk Market Emerging Growth Areas

Meticulous Research®—a leading global market research company, published a research report titled ‘Plant-based Milk Market Size, Share, Forecast, & Trends Analysis by Type (Almond Milk, Soy Milk, Coconut Milk, Oat Milk, Rice Milk), Formulation (Flavored), Distribution Channel (B2B, B2C [Modern Groceries, Convenience Store]) - Global Forecast to 2031’.

According to this latest publication from Meticulous Research®, the plant-based milk market is projected to reach $52.54 billion by 2031, at a CAGR of 11.4% from 2024 to 2031. The growth of the plant-based milk market is driven by the high prevalence of lactose intolerance & allergies to cow milk, the growing focus on health & well-being, changing eating habits & consumers’ drive toward sustainability, and increasing investments & government support for plant-based industries. However, the high preference for animal-based milk products and the growing consumption of soy-free & gluten-free products restrain the growth of this market.

Emerging economies in Asia-Pacific and Latin America are expected to generate market growth opportunities. However, the fluctuating raw material prices are a major challenge for market stakeholders.

Key Players

The plant-based milk market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the plant-based milk market are Hain Celestial Group, Inc. (U.S.), SunOpta Inc. (Canada), Sanitarium Health and Wellbeing Company (Australia), Axiom Foods, Inc. (U.S.), Earth's Own Food Company, Inc. (Canada), Sunrise Soya Foods (Canada), Campbell Soup Company (U.S.), Danone S.A. (France), Plamil Foods Ltd. (U.K.), Sahmyook Foods (South Korea), Nestlé S.A. (Switzerland), Natura Foods (Canada), Blue Diamond Growers (U.S.), and Oatly Group AB (Sweden).

The plant-based milk market is segmented by type (almond milk, soy milk, coconut milk, oat milk, rice milk, and other plant-based milk), formulation (unflavored and flavored), distribution channel (business-to-business and business-to-consumer {modern groceries, convenience stores, specialty stores, online retail stores, and other b2c distribution channels), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on type, the plant-based milk market is mainly segmented into almond milk, soy milk, coconut milk, oat milk, rice milk, and other plant-based milk. In 2024, the almond milk segment is expected to account for the largest share of 59.9% of the global plant-based milk market. The large market share of this segment is mainly attributed to factors such as the increasing number of consumers switching to nut-based lactose-free milk, changing taste preferences, and growing health & environmental concerns. Almond milk is entirely plant-based, making it a suitable choice for individuals following vegan or vegetarian diets. The production of almond milk generally has a lower environmental impact compared to dairy milk, as it requires less water and produces fewer greenhouse gas emissions.

Based on formulation, the plant-based milk market is segmented into unflavored and flavored plant-based milk. In 2024, the unflavored segment is expected to account for the larger share of 64.4% of the global plant-based milk market. The large market share of this segment is mainly attributed to factors such as the increased consumer demand for naturally dairy-free & sugar-free products and the clean taste and smooth texture of unflavored dairy-free products, which allow for their seamless incorporation into various food and beverage recipes.

Based on the distribution channel, the plant-based milk market is mainly segmented into business-to-business (B2B) and business-to-consumer (B2C). In 2024, the business-to-consumer (B2C) segment is expected to account for the larger share of 67.4% of the global plant-based milk market. The large market share of this segment is attributed to the increased retail sales of plant-based milk in supermarkets & hypermarkets, increased shelf space for plant-based products in modern groceries, rising preference for shopping from brick-and-mortar grocers due to easy access & availability and growing consumer acceptance for vegan & vegetarian dairy alternatives, especially plant-based milk.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (the U.S. and Canada), Europe (Germany, U.K., Spain, Italy, France, Netherlands, Sweden, Belgium, Austria, Denmark, Poland, Portugal, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Thailand, South Korea and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.

In 2024, Asia-Pacific is expected to account for the largest share of 49.7% of the global plant-based milk market, followed by Europe and North America. Asia-Pacific plant-based milk market is estimated to be worth USD 28.07 billion in 2024. The large share of this market is mainly attributed to consumers’ increasing awareness about the benefits of protein-rich foods, growing health consciousness, the rising adoption of advanced technologies in the F&B industry, and the region’s large vegan & vegetarian population base.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5304

Key Questions Answered in the Report:

What is the value of revenue generated by the plant-based milk market?

At what rate is the global demand for plant-based milk projected to grow for the next 5-7 years?

What is the historical market size and growth rate for the plant-based milk market?

What are the major factors impacting the growth of this market at global and regional levels?

What are the major opportunities for existing players and new entrants in the market?

Which type, formulation, and distribution channel segments create major traction for the manufacturers in this market?

What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the plant-based milk market?

Who are the major players in the plant-based milk market? What are their specific product offerings in this market?

What recent developments have taken place in the plant-based milk market? What impact have these strategic developments created on the market?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[rutudattadhome]

Global Growth of Plant Based Protein Market

Meticulous Research®—a leading global market research company, published a research report titled, ‘North America Plant-based Protein Market by Type (Soy Proteins, Wheat Proteins, Pea Proteins), Crop Type (Non-GMO, GMO), Source Process (Conventional, Organic), and Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Forecast to 2032.’

According to this latest publication from Meticulous Research®, the North America plant-based protein market is expected to grow at a CAGR of 9.7% from 2025 to 2032 to reach $11.32 billion by 2032. The growth of this market is attributed to the growing demand for a protein-rich diet, rising consumer awareness regarding nutritional benefits offered by plant-based proteins, growing demand from food & beverage manufacturers, and advancement in ingredient technologies: microencapsulation. Additionally, increasing inclination towards a vegan diet and increasing intolerance for animal proteins offer significant growth opportunities for North America plant-based protein vendors. However, a significant preference for animal-based proteins and fluctuating raw material prices restrain the plant-based protein market growth.

Key Players

The key players operating in the North America plant-based protein market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères (France), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances Inc. (U.S.), Tate & Lyle PLC (U.K.), Axiom Foods Inc. (U.S.), Glanbia, Plc. (Ireland), The Scoular Company (U.S.), Now Foods (U.S.), AMCO Protein (U.S.), Burcon NutraScience Corporation (Canada), Farbest Brands (U.S.), and CHS Inc. (U.S.).

The North America plant-based protein market study presents historical market data in terms of value (2021 and 2022), estimated current data (2025), and forecasts for 2032. This market is segmented based on type, crop type, source process, form, application, and country.

Based on type, the North America plant-based protein market is segmented into soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, and other types of protein. In 2025, the soy protein segment is expected to account for the largest share of the North America plant-based protein market. The large market share of this segment is attributed to increased demand from food and beverage manufacturers, higher consumer acceptance levels, lower cost than other types of proteins, and immense availability and functionality. However, the pea protein segment is expected to register the highest CAGR during the forecast period due to its nutritional benefits and allergen-free, gluten-free, and lactose-free properties.

Based on crop type, the North America plant-based protein market is segmented into non-genetically modified and genetically modified organism crops. In 2025, the non-genetically modified organism crops segment is expected to account for the largest share of the North America plant-based protein market. The large market share of this segment is attributed to increased awareness about the harmful effects of genetically modified crops and the increased trend of clean-label products. Non-GMO crops help preserve the natural genetic diversity of plant species. This genetic diversity is essential for breeding new varieties adapted to changing environmental conditions and evolving challenges.

Based on source process, the North America plant-based protein market is segmented into conventional and organic plant-based protein ingredients. In 2025, the conventional plant-based protein ingredients segment is expected to account for the largest share of the North America plant-based protein market. The large market share of this segment is attributed to lower prices than organic protein ingredients, longer shelf life, and availability of substantial crop varieties. These plant-based protein ingredients can be used in various culinary applications to create nutritious meals. They are also commonly used in formulating plant-based protein products, catering to the growing demand for vegetarian and vegan dietary options. However, the organic plant-based protein ingredients segment is expected to grow at the fastest CAGR during the forecast period.

Based on form, the North America plant-based protein market is segmented into solid (dry) and liquid. In 2025, the solid (dry) segment is expected to account for the largest share of the North America plant-based protein market. However, the liquid segment is expected to register the highest CAGR during the forecast period due to its improved shelf life, natural and fresh appeal, and versatility for various applications.

Based on application, the North America plant-based protein market is segmented into food and beverages, animal feed, nutrition & health supplements, pharmaceuticals, and other applications. In 2025, the food and beverages segment is expected to account for the largest share of the North America plant-based protein market. The large market share of this segment is attributed to high consumer demand for sustainable food products, growing awareness about the health benefits of plant proteins, increased health concerns over animal products and ingredients, increasing new product launches of plant-based products, increasing vegan population, rising meat prices, and clean label trend.

Based on country, in 2025, the U.S. is expected to account for the largest share of the North America plant-based protein market. This country’s major market share is attributed to the well-established food and beverage sector, strong economic growth, increased consumption of meat products, increasing vegan population, growing demand for plant-based food, high focus on health & wellness, and improved research and development within the food sector.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5637

Key questions answered in the report:

Which are the high-growth market segments in terms of type, crop type, source process, form, application, and country?

What is the historical market for plant-based proteins across North America?

What are the market forecasts and estimates for the period of 2025 to 2032?

What are the major drivers, restraints, challenges, opportunities, and trends in the North America plant-based protein market?

How is the competitive landscape?

What are the recent developments in the North America plant-based protein market?

What are the different growth strategies adopted by the major players in the market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the North America plant-based protein market, and how do they compete with other players?

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research