Lactic Acid Market Analysis, Growth Drivers, Key Findings and Trends by Forecast to 2027
Lactic acid is an organic acid produced during the process of fermentation. It is used in various industries including food & beverages, pharmaceuticals, personal care, and biodegradable polymers. The multi-functionalities of lactic acid render its use in various industries. In the food & beverages industry, lactic acid is used as a preservative, curing agent, and flavoring agent. Surging global demand for processed food is boosting the application of lactic acid in the food industry. In meat, poultry, and seafood products, it is majorly used as a decontaminant. In the personal care industry, lactic acid is mainly used in anti-ageing and skin lightening products as it treats hyperpigmentation and age spots.
Surging demand for lactic acid is attributed to its multi-functionalities. Lactic acid holds multiple functionalities as it is used as a catalyst, food emulsifier, and substitute for toxic chemicals, and plastics. Lactic acid plays an indispensable role as a catalyst in the processing of various industrial products. The use of lactic acid as a substitute for toxic chemicals and plastics, especially in food & beverages and pharmaceuticals, is bolstering the lactic acid market growth. Lactic acid is usually preferred over synthetic chemicals in the food & beverages sector, as they alter the flavor and texture of products while enhancing their shelf life. Lactic acid is used to produce cheese flavors in the dairy industry. Furthermore, in the brewing industry, lactic acid promotes starch conversion in beer, hence increasing the yield. In the baking industry, lactic acid helps control the dough's acidity and enhances the shelf life of baked products. Additionally, lactic acid is also used to produce emulsifiers, such as calcium and sodium stearoyl lactylates, which function as dough conditioners. Hence, the lactic acid's multi-functionality is the prime factor anticipated to drive the lactic acid market growth during the forecast period.
Corbion; Cargill Inc.; Foodchem International Corporation; Galactic; Henan Xinghan Biotechnology; Musashino Chemical Laboratory, Ltd.; Shandong Baisheng Biotechnology Co., Ltd.; Jungbunzlauer Suisse AG; Henan Jindan Lactic Acid Technology Co., Ltd.; and Vigon International, Inc. are among the well-established players in the lactic acid market.
According to our latest market study on “Lactic Acid Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Form (Dry and Liquid) and Application (Food & Beverages, Pharmaceuticals, Personal Care, and Others),” the market was valued at US$ 1,069.84 million in 2019 and is projected to reach US$ 2,217.88 million by 2027; it is expected to grow at a CAGR of 9.6% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players, along with their developments, in the market.
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The report includes the segmentation of the global lactic acid market as follows:
Lactic Acid Market, by Form
- Dry
- Liquid
Lactic Acid Market, by Application
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Others
Lactic Acid Market, by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Portable Power Station Market Regional Analysis, Competitive Landscape and Forecast to 2027
The global portable power station market is segmented on the basis of type, capacity, application, battery, and geography. Based on type, the market is bifurcated into direct power and solar power. Based on capacity, the market is segmented into below 500 Wh, 500–1500 Wh, and above 1500 Wh. By application, the global portable power station market is segmented into emergency power, off-grid power, and others. Based on battery type, the market is bifurcated into sealed lead-acid and lithium-ion.
Camping is becoming a popular leisure activity in the US, and over 40.5 million people participated in these activities in 2016. This number encompasses travelers who camp in automobiles and tents, recreational vehicles, and backyards. A portable power station can be used to power a mini-fridge to keep meat and seafood fresh and light up the camping venue. According to the North American Camping Report of 2019, the annual count of camper households in the US has climbed by 7 million since 2014, and the percentage of people preferring camping activities has increased by 72%. In addition to the increasing number of new campers, 38% of the Gen X population and 32% of millennials have begun to go camping regularly. According to Tourism Research Australia, total tourism in 2019 accounted for US$ 152 billion, which includes both domestic and foreign tours. People visiting hotels, motels, and resorts accounted for 24% of visitors in Australia, followed by those going caravanning and camping, which accounted for 14%. According to Eurostat, the UK, France, Germany, Italy, and the Netherlands account for two-thirds of all European campsites. Demands for laptops, cellphones, rechargeable trekking headlights, camping lamps, fridges, and cooler backpacks are growing with an urge among millennials to stay connected to the real world while camping. All of these devices require power to function, which justifies the potential for portable power stations.
According to our latest market study on “Portable Power Station Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Capacity, Application, and Battery Type,” the market was valued at US$ 211.03 million in 2021 and is projected to reach US$ 295.91 million by 2028; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.
In remote locations of developing countries, traditional centralized networks are incapable of addressing the basic, cost-effective electricity needs in time. The potential of remote and dispersed power systems to supply electricity across the world is supporting the portable power station market growth in developing countries. Concerns about CO2 and greenhouse gas emissions have attracted considerable global investments in renewable energy generation. Portable power stations are frequently utilized to store renewable energy and deliver electricity when needed. Thus, the global portable power stations market is predicted to grow during the forecast period as a result of the technological transformations in renewable energy generation. The AC inlet and USB socket on the portable power station constitute a reliable power source. Furthermore, power stations are gaining further popularity as their reach can be extended to remote locations. As a result, a large number of customers are prepared to invest in a portable power station for personal use, which is driving the portable power station market progress.
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Midland Radio Corporation; ALLPOWERS Industrial International Co., Ltd.; ChargeTech; EcoFlow; Drow Enterprise Co., Ltd.; Duracell Inc.; Goal Zero; Jackery Inc.; SHENZHEN CHAFON TECHNOLOGY CO., LTD; Lion Energy LLC; and Hyundai Power Products are among the key players profiled during the study of the portable power station market. In addition, several other important market players were studied and analyzed during the course of this market research study to get a holistic view of the global market and its ecosystem.
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Bacon Market Share, Size, Key Players, Trends, Competitive And Regional Forecast To 2027
Bacon refers to the sides and belly portion of the pig’s body that is cured and smoked. Bacon is versatile in terms of cooking and helps in increasing the flavor of dishes. When wrapped around lean meats, it proffers moisture while it is cooked. Development in meat processing technologies and an increase in the demand for meat protein, the bacon market has experienced tremendous growth during the past years. The upsurge in demand for pizza, sandwiches, and hamburgers has also bolstered the bacon market growth. However, bacon contains some amount of fats and sodium that increases the risk of heart diseases and blood pressure. This restricts the demand for bacon. Development in new products like turkey bacon is expected to provide lucrative opportunities to the bacon market in the upcoming years.
The rapid rise in population expansion, along with increased urbanization and focus toward improved quality of life in has led to increased demand for food products at an unprecedented pace in the last few decades. The livestock industry plays an important role in meeting out the growing demand. There is a strong correlation between the level of income and the demand for animal protein. With the rise in disposable income, the demand for animal protein is set to increase, which would lead to an increase in the consumption of animal-based products such as meat, bacon, and others. Further, with the decline in the prices of meat products, the emerging economies are embarking upon the rising consumption of meat and meat products.
According to our latest market study on "Global Bacon Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Nature (Organic, Conventional); Source (Pork, Beef, Turkey, Chicken); Type (Dry Cured, Immersion Cured, Pumped Bacon); Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Food Service, Others), and Geography," the market was valued at US$ 27,419.94 million in 2018 and is projected to reach US$ 40,004.6 million by 2027; it is expected to grow at a CAGR of 4.3% from 2019 to 2027.The report highlights key factors driving the market growth and prominent players and their developments in the market.
Applegate Farms, LLC, Farmland Industries, Inc., Foster Farms, Inc., Hormel Foods Corporation, JBS S.A, Karro Food Group, Organic Prairie, OSI Group, Smithfield Foods, Inc., and True Story Foods are some of the well-established players present in the global baconmarket.
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The report includes the segmentation of the global bacon market as follows:
By Nature
- Organic
- Conventional
By Source
- Pork
- Beef
- Turkey
- Chicken
By Type
- Dry Cured
- Immersion Cured
- Pumped Bacon
By Distribution Channel
- Supermarkets and Hypermarkets
- Independent Retailers
- Food Service
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- Australia
- Japan
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Uganda
- UAE
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Adult Diapers Market Financial Overview and Growth Prospects Predicted by 2027
Adult diaper is made to be worn by an individual whose body is bigger than that of a baby or newborn child. Grown-up diapers are commonly utilized by older individuals who are experiencing different conditions such as dementia or extreme looseness of the bowels, versatility debilitation, and incontinence. Grown-up diapers are available in various sorts, for example, cushions which are known as incontinence cushions, underwear and the diapers that take after conventional diapers utilized for youngster. Asia Pacific held the largest share of the global adult diapers market. Based on product type, the global adult diapers market has been segmented into pant type, pad type, tape type, and others. The pant type segment dominated the global adult diapers market in 2018.Pant style adult diaper is the most popular diapers, which offers flexibility, and a breathable waistband, which makes it easy to use and enables air to pass, preventing rashes. It also enables the leg to pass down effortlessly, preventing side leakage, and its thin absorption sheet offers a good fit. Pant type is known for its capability to absorb huge quantities of wetness and moisture; it is made from spongy material that soaks up urinary discharge, and also feels comfortable and soft on the skin. These pant type diapers are convenient for both men and women with incontinence issues or mobility impairment. Companies across the world are highly focused on designing pant style diapers. For instance, Friends Diaper, an Indian company, offers premium pant style diapers for adults, designed for people who suffer from incontinence.
According to the latest market study on "Global Adult Diapers Market to 2027 – Covid-19 Impact, Analysis and Forecast by Product Type (Pant Type, Pad Type, Tape Type, Others); Distribution Channel (Pharmacies, Convenience Store, Online, Others); End-User (Household, Hospitals, Others); and Geography", accounted the market was valued at US$ 11,291.4 million in 2018 and is projected to reach US$ 32,859.2 million by 2027; it is expected to grow at a CAGR of 12.6% during 2019–2027. The report highlights key driving factors and also the prominent players and their developments in the market.
The increasing occurrence of incontinence and the growing elderly population are the significant factors propelling the growth of the adult diapers market. People in developing countries still live in unhygienic conditions, as they are not able to buy adult diaper products. Thus, various companies across the globe are providing cost-effective products tailored to conditions in each country and region. Further, in Japan, where population aging is significantly increasing compared to other countries, companies are looking to encourage wider endorsement and greater awareness of products in order to extend the healthy life expectancy of elderly people.
Kimberly-Clark Corporation.,Essity AB, Abena A/S, and Ontex Group and Health Care Products, Inc. are among the well-established players present in the global adult diapers market.
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The report segments the global adult diapers market as follows:
By Product Type
- Pant Type
- Pad Type
- Tape Type
- Others
By Distribution Channel
- Pharmacies
- Convenience Store
- Online
- Others
By End-user
- Household
- Hospitals
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Biochar Market Revenue Growth Predicted by 2021-2028
Biochar is charcoal or high-carbon, fine-grained residue produced via pyrolysis. It is used as a soil conditioner and animal feed ingredient. Biochar is a stable solid that can abide in soil for thousands of years. Biochar reduces the leaching of E. coli through sandy soils depending on its application rate, feedstock, and pyrolysis temperature (i.e., 300–700°C); moisture content and texture of soil; and surface properties of the bacterial cells. Biochar can improve yields for plants that require high potash and elevated pH. These benefits associated with biochar bolstered its demand in the agriculture & feedstock industry.
According to our latest market study titled " Biochar Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Feedstock (Woody biomass and Agricultural Waste, Animal Manure, and Other Feedstock) and Application (Electricity Generation, Agriculture, Forestry, and Others)," the biochar market is projected to reach US$ 368.85 million by 2028 from US$ 177.06 million in 2021. It is expected to grow at a CAGR of 11.1% from 2021 to 2028.
Key players operating in the biochar market include Carbon Gold Ltd; Genesis Industries; Black Owl Biochar; Biochar Now, LLC; Airex Energie Inc.; Phoenix Energy; American Biochar Company; Bioforcetech Corp; ECOERA; PYROPOWER.
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Impact of COVID-19 Pandemic on Biochar Market
The COVID-19 pandemic has had a devastating impact on Latin America. A sharp decline in global and regional economic activities in 2020 strongly affected South American economies. Large percentage of national revenues in this region comes from international trade, and social restrictions in other countries hampered trade operations of Latin American countries. Moreover, demand and supply of raw materials from the rest of the world dropped in 2020. Trading partners had to postpone investment decisions. Th Economic Commission for Latin America and the Caribbean (ECLAC) reports that the value of exports and imports of goods in the region decreased by 17% from January to May 2020, compared to the same period in 2019. However, after COVID-19 outbreak, industries are gaining ground as the governments of various countries eased out the previously imposed restrictions. Thus, the increasing demand for biochar from various industries such as agriculture, animal feed, water treatment, oil and gas to combat the COVID-19 pandemic is anticipated to drive biochar market growth in the coming years.On February 12, 2021, Vale SA, a Brazilian miner, replaced mineral coal used to produce iron ore pellets with biochar derived from vegetation to reduce greenhouse gas emissions. Such innovative actions are likely to help the biochar market players to revive their businesses in the coming years.
Segmentation of Biochar Market:
Based on feedstock, the biochar market is segmented into woody biomass and agricultural waste, animal manure, and other feedstock. In terms of application, the market is segmented into electricity generation, agriculture, forestry, and others. Based on geography, the biochar market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).
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Active Implantable Medical Devices Market Estimated to Record Highest CAGR by 2025
As per The Insight Partners market research study named 'Active Implantable Medical Devices Market to 2025 - Global Analysis and Forecasts by Product and End User, the global active implantable medical devices market was esteemed at US$ 22,096.9 Mn in 2017 and is assessed to arrive at US$ 39,026.9 Mn by 2025. The market is assessed to grow with a CAGR of 7.9% from 2018-2025. The report features the trends prevalent in the global active implantable medical devices market and the factors driving the market along with those that go about as impediments to its growth.
The rising pervasiveness of cardiovascular illnesses, neurological issues and hearing problems, expanding mechanical headways and new product dispatches and enormous pool of geriatric populace are the main considerations that expected to impel the growth for the active implantable medical devices market in the gauge period. In any case, the significant expense of products and methodology and high pace of product reviews is supposed to go about as significant difficulties blocking the market growth at specific degree.
Global active implantable medical devices market fragmented into by product and end user. In view of product, the market is sectioned into implantable cardioverter defibrillators, implantable cardiovascular pacemakers, neurostimulators, implantable hearing devices, ventricular help devices and implantable heart screens/insertable circle recorders. The implantable cardioverter defibrillators fragment is further bifurcated into transvenous implantable cardioverter defibrillators and subcutaneous implantable cardioverter defibrillators. Based on end user, the active implantable medical devices market delegated medical clinics, wandering a medical procedure places and specialty centers.
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The major players operating in the active implantable medical devices market include Abbott, Medtronic, Cochlear Ltd., Boston Scientific Corporation, BIOTRONIK SE&Co, LivaNova PLC, MED-EL, Sonova, William Demant Holding A/S, Nurotron Biotechnology Co. Ltd. and among others. The market players are focused towards bringing new and innovative product launches to sustain their position in the market. For instance, in July, 2017, Cochlear launched its iPhone cochlear implant sound processor. Additionally, in September 2017, Cochlear launched the Baha SoundArc which is the non-surgical bone conduction device.
Global Active Implantable Medical Devices Market – By End User
Hospitals
Ambulatory Surgery Centers
Specialty Clinics
Global Active Implantable Medical Devices Market – By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Asia Pacific (APAC)
Japan
China
India
Middle East & Africa (MEA)
South Africa
UAE
South and Central America (SCAM)
Brazil
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