Wednesday, 8 April 2020

Transparent Plastic Market Segmented by Product, Top Manufacturers, Geography Trends and Forecast

The global transparent plastic market size is estimated to reach USD 177.43 billion by 2026 growing at a CAGR of 6.8% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Transparent Plastic Market Share, Size, Trends, & Industry Analysis Report, By Type (Rigid Transparent Plastic, Flexible Transparent Plastic), By Polymer Type (Polycarbonate, Polyvinyl Chloride, Polystyrene, Polypropylene, Polyethylene Terephthalate), By End-User, By Region]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the packaging segment dominated the global transparent plastic industry, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

The diverse applications of transparent plastic in industries such as healthcare, construction, packaging, automotive, and consumer goods among others is expected to support the market growth. The demand for transparent plastic has improved significantly over the past few years owing to features such as improved shelf-life of packaged food products, and ease of customization. Other factors driving the transparent plastic industry include growing adoption of electric vehicles, development of bio-based transparent plastics, and rising demand from food & beverages industry for packaging solutions.


However, increasing concerns regarding environmental pollution, and increasing demand for eco-friendly packaging material are expected to restrict the market growth. Increasing demand from developing nations, recycling of PVC, and technological advancements are expected provide numerous growth opportunities to the market players operating in the transparent plastic industry.

PVC is an amorphous thermoplastic with properties such as high transparency, excellent mechanical properties and impact strength, and great resistance to chemicals and fire. Optical characteristics of clear PVC products include high light transmission, high clarity, and anti-glare surface. It is used in the construction sector for day lighting, greenhouse, and safety glazing applications. The packaging industry uses PVC for blister packs, cling films, clear wraps, whereas the healthcare sector uses it for bags, tubing, drips, connectors, and valves among others.
Asia-Pacific generated the highest revenue in the transparent plastic industry in 2018, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, construction, and packaging, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization, growing demand from packaged food and beverages and healthcare sectors, and growth of electronics industry in the region supports the market growth in the region.


The well-known companies profiled in the transparent plastic market report include BASF SE, PPG Industries, LG Chem, E. I. Du Pont De Nemours and Company, Asahi Kasei Corporation, Evonik Industries AG, The Dow Chemical Company, Teijin Limited, Eastman Chemical Company, Chevron Phillips Chemical Company, Exxon Mobil Corporation, and PolyOne Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.
  
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Hexafluoroacetone Derivatives Market Share Worldwide Industry Growth, Size, Statistics, Opportunities and Forecast 2026

The global Hexafluoroacetone Derivatives market size is expected to reach USD 979.1 million by 2026 according to a new study by Polaris Market Research. The report “Hexafluoroacetone Derivatives Market Share, Size, Trends, Industry Analysis Report By Product (Industrial, Reagents, Others); By Application (Textile Coating, Solvents, Adhesives, Pharmaceuticals, Others); By Regions, Segments Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing applicability across textile coatings, solvents, and pharma industry is majorly driving the Hexafluoroacetone Derivatives market growth. Strong resistive properties of the product against chemicals offering toughness have resulted in implementation of the product as a solvent for multiple chemicals. Industry players are developing novel products and implementing strong marketing strategies to promote the Hexafluoroacetone Derivatives sales.


Rising spending capacity of people has resulted in high textile consumption across the and this factor is catering to the market growth. Enhanced functional performance of the product has resulted in increased usage across textile industry. Due to the low cost, fabrics are coated with hexafluoroacetone derivatives to improve the performance of the fabric.

Hexafluoroacetone derivatives available in industrial grade are utilized in bulk in polymer industry. Manufacturers are finding ways to reduce the overall cost of the production as well as innovative ways of mass production. One of the methods widely used in manufacturing is conversion of dimer to monomer effected by potassium fluoride in dimethylformamide. The commercial reagent formed is used as adhesives in pharmaceutical industry. Such trends are benefitting the overall hexafluoroacetone market growth over the forecast period.


Solvent application accounted for majority of market share in 2019. Enhanced performance of the product offering high fatigue resistance and high wear resistance will drive the product growth. The product is also used as an intermediary in various chemical reactions. High solubility of these derivatives is boosting mass consumption of the product. Increasing disposable income is resulting in high demand for processed textiles treated with these derivatives.

Asia Pacific hexafluoroacetone derivatives is expected to witness fastest growth over the forecast study frame. Increasing manufacturing base in the region along with growing population is a key factor driving the industry growth. Textile companies are implementing the product to improve the quality and thereby positively impacting the industry growth. Currently north America and Europe hold majority of the industry share owing to presence of technology in the region and vast production base.

The key players in the market Halocarbon Products Corporation, Hangzhou Dayangchem Co. Ltd., Ltd, Solvay S.A., Sigma-Aldrich Corporation, Central Glass Co., Ltd., Sinochem Lantian Co., Parchem Fine & Specialty Chemicals, Leap Labchem Co.. E. I. du Pont de Nemours and Company, among others. Development of distribution channels and improving geographical footprint are some of the success factors in the industry.


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Agriculture Analytics Market Growth Analysis by Size, Future Trends and Current growth 2020-2026

The global agriculture analytics market size is expected to reach USD 1,991.6 million by 2026 according to a new study by Polaris Market Research. gives a detailed insight into current market dynamics and provides analysis on future market growth.

The primary growth driver for the farm analytics sector is government projects to implement modern agricultural techniques. Increasing pressure to satisfy the increasing global demand for food in combination with the need to enhance farm productivity also contributes to the application of agricultural analytics and the growth of the agricultural analytics sector. Agricultural digitization is anticipated to assist feed the increasing population. It is anticipated that the global population will rise by about 40% and reach 9.6 million by 2050. Therefore, to satisfy the increasing demand for food, the general food production requires to double. The present production rate, process, and distribution technique would not be adequate to feed the increasing population; therefore, it is anticipated that the implementation of fresh and advanced technology at different stages of farming will become essential to satisfy the increasing demand.


Implementing analytics in farming and agricultural operations helps farmers evaluate all real-time information such as moisture, soil, crop, weather, and more. It also allows for an organized plan for the post-harvest operations of farm manufacturing. Accentuating government and regulatory bodies for the implementation of contemporary techniques in agriculture and agriculture such as the use of analytics, artificial intelligence among farmers has led in a favorable development of the market in agricultural analytics. Because of the enormous capital needed to implement sophisticated agricultural technology, the development of the agricultural analytics industry could be hampered. Nevertheless, technological improvements, sophisticated infrastructure and the use of high-end farm equipment enable farm investors to take measures towards the farming sector, which is expected to increase the development of the market for agricultural analytics in the foreseeable years.

Large farms held the largest market share in the global market in 2019. Because of the affordability and high economies of scale, the implementation of agricultural analytics solution in big farms is greater than that of small and medium-sized farms.


The increasingly competitive landscape and the need to satisfy worldwide food demands inspire them to turn to the solution and services of agricultural analytics to improve the use of resources for better manufacturing. Large farm size carries out high-level company activities that produce big amounts of data. Providers of agricultural analytics services assist big farms manage and use the information efficiently for maximum production.

Over the forecast period, North America is anticipated to dominate the global market for agricultural. This development is due to the increasing implementation of sophisticated farming machinery and is probable to stimulate the development of the worldwide agricultural analytics industry. However, Asia Pacific is anticipated to give the agricultural analytics market numerous favorable avenues for development.

Accenture, Agribotix, Agrivi, Agvue Technologies, Awhere, Conservis Corporation, Deere & Company, Delaval, DTN, Farmers Business Network, Farmers Edge, Geosys, Granular, Gro Intelligence, IBM, Iteris, Monsanto Company, Oracle, Precisionhawk, Proagrica, Resson, SAP, Stesalit, Taranis, and Trimble are some of the players operating in the global market. These businesses are also attempting to enter into strategic alliances, company expansions, mergers and acquisitions, and advances in product / service.


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Fall Protection Equipment Market Outlook 2026: Top Companies, Trends, Growth Factors Details by Regions

The global fall protection equipment market size is expected to reach USD 2.9 billion by 2026 according to a new study by Polaris Market Research. The report “Fall Protection Equipment Market Share, Size, Trends, Industry Analysis Report By Product (Hard Goods, Soft Goods, Rescue Kits, Full Body Harness and Body Belts); By Application (Oil & Gas, Construction, Transportation, Mining, Telecom, Energy & Utilities, General Industry); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global demand for fall protection equipment is escalating, with increasing focus on workers ‘ safety in construction, mining, energy and oil and gas industries. They include the use of controls that are preferably designed to protect staff from death and injury. Incident and occupational risk, including falling off overhead platforms or elevated workstations, is expected to contribute to the protection of industry demand.


Market growth is driven by a growing awareness of industrial security and stringent government safety regulations in various industries. One of the main drivers is increasing demand for fall protection equipment from the construction industry. However, increasing automation is expected to limit market growth in the end-use industries. In addition to this, the lack of awareness is expected to hamper the growth of this market over the forecast period. Increasing stringent regulations pertaining to safety of employees is also expected to bring in new opportunities for the key players in this market.


It is estimated that the body belts segment may surpass consumption of 53 million units by 2026 in the overall market. These are used primarily together with a full body harness for injury protection. OSHA also recommends the utilization of body belts from elevated platforms. Construction market segment is anticipated to hold major share in the global market till the end of forecast period. In addition to this, mining industry is also expected to witness significant growth in the global market over the forecast period.

During the forecast period, North America will be followed closely by Europe. The market is expected to grow enormously due to rapid industrialization in both of these regions. In particular, Asia Pacific, due to anticipated growth in the construction industry during the forecast period, will be seen to increase the demand for fall protection equipment. This market growth can be mainly attributed to the rapid development of infrastructure, high investment in new industries, and the rise in construction in residential and commercial buildings in countries such as India, Indonesia, Thailand and China. The high demand for fall-protection equipment in the ever growing energy and utility industry of Latin America market is expected to register a significant CAGR during the forecast period.

Do you have questions or special requirements? Ask our industry experts: https://www.polarismarketresearch.com/industry-analysis/fall-protection-equipment-market/speak-to-analyst

Some of the key players in the market include 3M, MSA Safety Company, SKYLOTEC, Capital Safety, Honeywell Miller, Eurosafe Solutions, ABS Safety, Gravitec System, French Creek Production, FallTech and DBI-SALA . The key players in this market have adopted the strategy of mergers and acquisitions as a part of their strategy in order to gain competitive share in the global market.


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Nonlinear Optical Crystals Market Technological Advancement & Growth Analysis with Forecast to 2026

The global Nonlinear Optical (NLO) Crystals Market size is expected to reach USD 7,766.4 million by 2026 according to a new study by Polaris Market Research The key players in the market include Covesion, HC Photonics, AdvR, Red Optronics, Inrad Optics, Eskma Optics, among others.
Nonlinear optics is the part of science that manages the collaboration of light with issue under conditions to such an extent that the direct superposition guideline is disregarded. Instances of nonlinear optical associations incorporate consonant age, whole and distinction recurrence age, the force reliance of the complex refractive record, light-by-light dissipating, and invigorated light dispersing. These procedures lead to applications including all-optical switching, optical power limiting, picture control, and picture preparing.

Insulating gems structure a significant class of second-request nonlinear optical materials. It is settled that solitary precious stones that come up short on a focal point of reversal evenness can have a nonvanishing second-request vulnerability. This prerequisite restrains the selection of precious stones to those of certain balance classes. An extra prerequisite on materials properties is set by the way that second-request nonlinear optical procedures can happen with great effectiveness just if a standard stage coordinating condition is fulfilled. 


Albeit all materials should show this conduct, the proficiency of this procedure is commonly little and can’t be controlled remotely. Presently, accomplices of the Graphene Flagship venture in Cambridge (UK), Milan, and Genova (Italy) have shown just because that graphene demonstrates a decent optical reaction, yet in addition how to control the quality of this impact utilizing an electric field.
  
Looks into imagine the production of new graphene optical switches, which could likewise bridle new optical frequencies to transmit information alongside optical cables, expanding the measure of information that can be transmitted. At present, most business gadgets utilizing nonlinear optics are just utilized in spectroscopy. Graphene could make ready towards the creation of new gadgets for ultra-expansive transmission capacity applications.

Nevertheless, these are obviously delegate arrangements, intended to purchase time to recuperate high speculation costs inline innovation (principally burrowing), before at last taking off Fiber-to-the-Building or even Fiber-to-the-Home (FTTB/FTTH). This pattern for fixed-line administration is probably going to persevere for quite a while. Moore’s law will win for at any rate another five to seven years with regards to storage (it is less sure for processor speeds). And keeping in mind that development in screens may slow fairly, higher screen definition will proceed, to 8K and past, until we arrive at the farthest point of the human eye’s capacity. Normally, portable broadband improvement has pursued the patterns in fixed broadband, but with a postponement of a couple of years.


The application of Nonlinear Optical Crystals includes high cost owing to the high price of raw materials. It not only increases the cost of end-product but also discourages manufacturing companies to adopt the same. Despite Asia Pacific having cheapest workforce across the globe, the cost of end product ascends drastically. This in turn acts as a major restraint for the Nonlinear Optical Crystals Market.

Various nonlinear optical crystals techniques exist or are being produced for different zones going from maritime sensing of biological systems, gas air pockets, and submerged items to restorative sensing of the human body. The methodology is to utilize essential frequency occurrence waves to produce second-arrange nonlinear whole or contrast frequency handle that convey data about an article to be detected. Here we demonstrate that when all is said in done nonlinear sensing of an article, many confused and conceivably surprising systems can prompt total or distinction frequency fields.

China’s telecom segment proceeded with relentless development a year ago, with vigorous portable system benefits and improving web infrastructure. The segment’s income rose 3 percent year on year to 1.3 trillion yuan (in excess of 190 billion U.S. dollars) in 2018, as indicated by a report of the Ministry of Industry and Information Technology. Given vivacious improvement of interpersonal interaction applications, the extent of telephone call charges in the all-out telecom income dropped further to 13.7 percent a year ago from 17.9 percent in 2017. As a result, it is expected to have a positive impact on the market growth.


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Robotic Process Automation in BFSI Market 2020-2026 Overview, Industry Top Manufactures, Size, Growth rate

The global Robotic Process Automation in BFSI market size is expected to reach USD 3,457.8 million by 2026 according to a new study by Polaris Market Research. The report “Robotic Process Automation in BFSI Market Share, Size, Trends, Industry Analysis Report By Type (Software and Services); By Services (Consulting, Implementation, Training); By Organization Size (SME, Large Enterprises); By Application (Banking, Financial Services & Insurance); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Inherent benefits offered by robotic process automation (RPA) such as process transparency, enhanced customer service, on-boarding optimization of processes, highest degree of data integrity, shorter lifecycles, and ability to effectively comply with regulations of various enforcement agencies combined with the data driven nature of the overall banking and financial sector are some of the factors proving beneficial for the overall RPA in BFSI market growth. In addition, ability of RPA to help clients to capitalize and gain from growth opportunities thus providing a competitive edge is another factor responsible for the overall market growth.


Banking sector is characterized by the presence of a large number of players thus resulting in a high industrial rivalry. Due to such competitive environment, companies are trying to implement cost effective solutions that may help them to stay ahead of the competition. RPA is one such preferred solution. It automates the otherwise tedious manual operations thus saving precious man hours, results in client satisfaction thus ultimately catering to client loyalty, and provides better quality control through its operating procedures. Such factors have resulted in the overall Robotic Process Automation in BFSI growth in the past and this scenario is expected to continue till 2026.
  
Robotic Process Automation is used in a variety of applications such as entry of a new account across various platforms and networks, duplicating of accounts and account reconciliation, extraction of forms, VAT reporting, cleansing and updating of account, credit card processing, loan processing among others. These processes are directly related to customer experience and hence, companies are automating these processes through RPA to provide better and enhanced customer experience in order to gain more market share. Such trends are benefitting the Robotic Process Automation in BFSI market growth.


North American region is expected to maintain its dominance over the market for the next eight years. High demand particularly from the U.S. market is a key contributor to this scenario. Presence of highly sophisticated and advanced banking and financial infrastructure in the country, strong presence of industry participants, coupled with high demand for enhanced customer experience are some of the factors driving the market growth in the region. Countries such as China, Japan and South Korea are primarily driving the growth in Asia Pacific region, which is anticipated to witness high growth rate till 2026.

Some of the major industry participants include WorkFusion, Inc., UiPath, Thoughtonomy, Softomotive, Kryon Systems, Pegasystems Inc., NICE, Blue Prism, Kofax Inc. and Automation Anywhere Inc., among others. Companies are trying to provide one stop solutions to all the needs of their clients and are constantly developing new solutions to cater to the customized needs of the clients.


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Field Device Management 2020-2026 | Schneider Electric SE, Honeywell International Inc., Siemens AG, ABB Group, Emerson, Rockwell Automation, Mitsubishi Electric

The global field device management (FDM) market size is expected to reach USD 1,700.1 Million by 2026 according to a new study by Polaris Market Research. The report “Field Device Management (FDM) Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software); By Deployment (Cloud, On-premises); By Communication Protocol; By Application (Oil & Gas, Energy & Power, Chemicals, Pharmaceuticals, Metals & Mining, Water & Wastewater, Automotive, Manufacturing); By Regions, Segment Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Due to developments in hardware technologies, demand is increasing in the global device management market. In terms of market growth, the need to manage all peripheral devices within a company has played a vital role. Timely improvements in device configuration are a major requirement in all major industries. In addition, industrial units and plants require a high degree of flexibility and adaptation within their devices. Therefore, the global industry for FDM in the following years is projected to generate huge revenues.
In 2018, the global market was dominated by FDM software, which has the highest share and will be expected to increase at a significant growth rate during the forecast period. The growth of the segment depends primarily on the increasing use in different industries of automation technology, Industry 4.0, and the IoT. Software for field device management can be used to carry out preventive maintenance and management tasks. The tools help the classification and management of collected information such as inspection notes, inspection timetables and system configuration information.
In addition, software solutions for field device management provide remote access to smart devices and machine data that can be used to prevent predictive maintenance. These benefits help to make high use of the software for managing filed devices and thus promote market growth.
North America has the largest market share of nearly 35 per cent of the overall worldwide revenue in the field of device management. In the high-market size of field device management systems in this area, North America, in particular, plays a key role. With a technological boom in the industrial environment, the adoption of field device management systems is growing fast in the United States. In addition, the majority of companies in this market operate in the United States and have a large client base in local and international markets, which contributes in large part to the existing volume of the market in this regional segment.
The demand for FDM solutions for the nonstop monitoring of processes and machinery of these industries is driven by development in industries such as power, electricity, oil & gas and chemical products in the Asia-pacific region. Furthermore, the growth rates in this region of field device management systems also increase the expansion of international players.
 Some of the key players in the market are Schneider Electric SE, Honeywell International Inc., Siemens AG, ABB Group, Emerson, Rockwell Automation, Mitsubishi Electric, Hach, Omron Corporation, Metso Oyj, FANUC Corporation, Yokogawa, Hamilton Company, Valmet Oyj, Phoenix Contact,  Endress+Hauser, Festo, Azbil Corporation, Weidmüller and Omega Engineering among others.
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Tuesday, 7 April 2020

Automated Guided Vehicle Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast 2026

The worldwide automated guided vehicle market is anticipated to reach USD 3,977.8 million by 2026 according to a new study published by Polaris Market Research. In 2017, the automotive sector dominated the global market, in terms of revenue. Europe is expected to be the leading contributor to the global market revenue during the forecast period.

Growing need for automation and increasing labor costs fuel the market for adoption of AGV. Use of these automated vehicles increases productivity, and efficiency, while saving time and costs. The increasing demand from industries including healthcare, defense, aerospace, agriculture, and food and beverage is expected to provide growth opportunities in the coming years. Emerging and untapped markets of developing economies further provide growing opportunities to key players in the market. Increasing investments, research and development further boosts the growth of the market.


There has been a high demand for automation in the global market. Companies are automating processes to reduce cost, save time and deliver better quality products. With stiff competition existing in the global market, companies are automating their processes for better quality and increased productivity. These vehicles automate internal processes and reduce the workload of employees, by working in collaboration with workers for better efficiency. Due to stringent safety regulations, companies are forced to employ Automated Guided Vehicles for dangerous and hazardous environment conditions. Automation of manufacturing processes was earlier restricted to only automotive sector. Now, industries such as healthcare, aerospace, food and beverage are also adopting the automated vehicles solutions. Increasing need of automation in various industries is a key factor driving the growth of the market.

With ever-increasing labor costs existing in most of the countries, companies are turning towards AGVs to save costs and time. Their usage increases efficiency while reducing wastage. They also eliminate chances of faults occurring due to human errors. These vehicles can be operated with the help of software, thereby saving the expense spent in training and management of labor. Unavailability of skilled labor to manage the processes along with high labor costs pushes companies towards automation and supplements the growth of this market.

Europe generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Rapid industrialization and increasing automation in the region drives the market growth. Introduction of new advanced technologies and increasing applications in automotive, aerospace, electronics and healthcare sectors is expected to support market growth. Growing demand from automotive industry for high quality products, along with increasing labor costs encourages companies to invest in automation, thereby augmenting growth.


The various end-users of AGVs include automotive, aerospace, healthcare, food and beverage, and others. In 2017, automotive accounted for the largest share in the global market, and is estimated to grow at a substantial rate during the forecast period. Companies use these vehicles in the automotive sector to save cost and increase their production. The key factors driving this market include increasing labor costs, new safety regulations, and need for increased efficiency. Use of AGVs in the automotive industry enables manufacturers to achieve high quality, reliability, economic efficiency and less product life cycle cost.

The well-known companies profiled in the report include Toyota Industries Corporation, KUKA AG, Daifuku Co. Ltd., Bastian Solutions, Inc., JBT Corporation, Swisslog Holding AG, Seegrid Corporation, Baylo, Inc., EK Automation GmbH, Kion Group AG among others. These companies launch new products and collaborate with other market leaders to meet the increasing needs and requirements of consumers.

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Dietary Supplements Market Research, Major Manufacturers, Analysis, Industry Demand by 2026-2026

The dietary supplements market is anticipated to reach USD 349.4 billion by 2026 according to a new study published by Polaris Market Research. In 2019, the vitamins segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

A significant increase in the obese population, changing lifestyles, and initiatives and funding by governments to promote healthy lifestyles primarily drive the growth of this market.  Other driving factors include increasing diseases associated with obesity, increasing disposable income, and increasing awareness regarding health and nutrition. The increase in obesity related diseases such as diabetes and hypertension along with sedentary lifestyles of consumers further propel the adoption of dietary supplements. The number of memberships for health clubs and gyms has increased significantly over the years, further promoting the growth of dietary supplements. Increasing demand in developing nations is expected provide numerous growth opportunities to the market players during the forecast period.


There has been a significant increase in obesity across the world. In 2015, 2.2 billion people, including children and adults, were reported to be obese. A significant increase in child obesity has also been registered over the past years. The highest level of obese child and young population has been reported in the U.S. while the highest adult obesity has been reported in Egypt. Obese people have greater chances of acquiring obesity related diseases such as Diabetes and cardiovascular diseases. These increasing concerns about healthy living coupled with increasing awareness regarding proper nutrition have encouraged consumers to adopt dietary supplements, thereby promoting the growth of the market. 
  
Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for dietary supplements market. Factors such as increase in per capita income and changes in consumer behavior towards nutrition and healthy eating habits are expected to accelerate the adoption of dietary supplements in the coming years.

Asia-Pacific generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The high geriatric population in the region coupled with increasing disposable income drives the market growth. The sedentary lifestyle of consumers in the region has encouraged them to adopt dietary supplements to stay healthy and acquire proper nutrition. Increasing disposable incomes in developing countries of this region, rising awareness about health benefits of dietary supplements, and growing presence of fitness centres further foster the growth in this region.



The different end-users in the market include adults, children, infants, pregnant women, and geriatric. In 2019, adults accounted for the highest market share. However, adoption of dietary supplements in children is expected to grow at the highest CAGR during the forecast period. The increasing demand for dietary supplements in children is owing to increasing need for proper nutrition, reduce chances of illness, and decrease incidences of child obesity.

The well-known companies profiled in the report include Abott Laboratories, GlaxoSmithKline, Herbalife International, Bayer AG, Pfizer Inc., Nutraceutics Inc., Glanbia Nutritionals, Amway, Carlyle Group, Arkopharma Laboratoires Pharmaceutiques, Bionova Lifesciences, and Danisco A/S among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research
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