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Overview of the Electric Vehicle Charging Stations Market
Meticulous Research®, a prominent global market research firm, has released a comprehensive report titled “Electric Vehicle Charging Stations Market—Global Opportunity Analysis and Industry Forecast (2024-2031).” This report highlights the significant growth potential of the electric vehicle (EV) charging stations market, projecting it will reach a staggering $209.8 billion by 2031, driven by a compound annual growth rate (CAGR) of 29.7% from 2024 to 2031.
Several factors are propelling this market forward. Key among them is government initiatives aimed at promoting electric vehicle adoption and the necessary infrastructure, the rising demand for fast-charging stations, and the implementation of vehicle-to-grid (V2G) charging solutions. Furthermore, shared mobility operators are increasingly deploying EVs, contributing to market expansion. However, high installation costs present a challenge to growth.
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The report identifies considerable opportunities for market players, particularly in emerging nations where electric mobility is on the rise. Major multinational corporations are also ramping up the deployment of charging stations, enhancing market dynamics. Nevertheless, challenges persist, such as elevated electricity tariffs in developing regions. Despite these hurdles, trends like renewable energy-powered charging stations, the rise of connected vehicles, and the advent of charging-as-a-service (CaaS) are reshaping the market landscape.
Technological advancements are noteworthy, with wireless EV charging stations and V2G solutions gaining traction. Additionally, the rise of smart cities is expected to facilitate the deployment of advanced charging technologies.
Key Players in the Market
The competitive landscape of the electric vehicle charging stations market is moderately intense, featuring a mix of large and small companies. Major players include ChargePoint Holdings, Inc., Tesla, Inc., BP p.l.c., EVgo Inc., Shell Plc, and many others from diverse geographical backgrounds. These companies are crucial to advancing the infrastructure necessary for electric vehicles.
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Market Segmentation Insights
The report segments the market by various criteria, including components, charging types, connection types, mounting types, vehicle types, and end users. In 2024, the hardware segment is anticipated to hold the largest market share at 58.8%. This dominance is attributed to increasing EV adoption and government efforts to electrify public transport.
By charging type, Level 2 chargers are expected to capture the largest share, accounting for 90.1% of the market. Their growing use in residential and commercial settings supports longer driving ranges, aligning with government incentives for installation. In terms of connection types, the connectors segment is projected to dominate at 91.5%, driven by the push for standardized and efficient charging solutions.
Regional Analysis
Geographically, the Asia-Pacific region is predicted to lead the market in 2024, accounting for over 61.6% of total market share. The surge in demand for electric vehicles, particularly in China and Japan, is bolstered by governmental initiatives aimed at reducing greenhouse gas emissions. Countries like Singapore, South Korea, and India are actively enhancing their EV infrastructure, ensuring robust growth in this sector.
In summary, the electric vehicle charging stations market is poised for rapid growth, supported by various technological advancements and government initiatives. This presents a lucrative opportunity for industry stakeholders as they navigate the evolving landscape.
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Overview of the E-commerce Market
Meticulous Research®, a prominent global market research firm, has released an insightful report titled “E-commerce Market by Business Model, Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfer), Operational Channel, Offering (Beauty & Fashion, Food & Beverage, Electronic, Household) – Global Forecast to 2030.” This report projects the E-commerce market to achieve an impressive value of $21,168.6 billion by 2030, with a compound annual growth rate (CAGR) of 16.9% during the forecast period.
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The driving forces behind this remarkable growth include increased Internet and smartphone penetration, a surge in social media usage, the rise of social commerce, and advancements in diverse payment options. These factors collectively contribute to a more engaging and convenient online shopping experience. However, challenges such as online fraud and cybersecurity threats pose potential obstacles to market expansion.
One of the most significant opportunities lies in the automation of E-commerce processes and the growth of cross-border E-commerce, which can enhance market reach and efficiency. Nevertheless, hurdles such as varying local laws affecting cross-border transactions and a lack of physical product interaction can impede growth. Additionally, trends such as on-site customization, personalized shopping experiences, and the integration of augmented reality (AR) and virtual reality (VR) technologies are shaping the future of E-commerce.
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Market Segmentation Insights
The report segments the E-commerce market for a detailed analysis based on various criteria:
• Business Model: The horizontal E-commerce segment is anticipated to capture a substantial share of the market in 2023. This model, which offers a wide range of product categories, appeals to a broad consumer base, resulting in higher sales volumes. Businesses utilizing a horizontal model can effectively scale and cater to diverse customer needs.
• Browsing Medium: In 2023, the desktop/laptop segment is expected to dominate the E-commerce landscape. The COVID-19 pandemic catalyzed increased demand for these devices as remote work became the norm. Customers appreciate the enhanced visual experience and detailed product information that desktops and laptops provide, making them essential for secure transactions and comprehensive browsing.
• Payment Mode: Card payments are projected to hold the largest market share in 2023. This payment method offers a seamless and secure experience for consumers, reducing fraud risks and chargebacks. E-commerce businesses that provide multiple card options cater to varied customer preferences, ultimately driving sales.
• Operational Channel: The omni-channel E-commerce segment is expected to lead in market share due to its ability to enhance customer experience and boost sales. This approach fosters customer loyalty and facilitates better data collection, enabling optimized resource management.
• Offering: The beauty and fashion segment is forecasted to dominate the E-commerce market in 2023. The shift in consumer behavior towards online shopping, combined with high demand for cosmetics and apparel, supports this trend. The popularity of mobile wallets further accelerates growth in this sector.
• Geography: Asia-Pacific is anticipated to be the largest E-commerce market in 2023, driven by a large consumer base, increasing smartphone and Internet penetration, and rising disposable incomes.
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Key Players
Leading companies in the E-commerce sector include Amazon, Alibaba, eBay, JD.com, and Walmart, among others. These players are continuously innovating and adapting to meet the evolving needs of consumers in a competitive marketplace.
In conclusion, the E-commerce market is poised for significant growth, fueled by technological advancements and changing consumer preferences. Stakeholders can leverage emerging trends and opportunities to thrive in this dynamic landscape.
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Tokenization Market: Application, End-use Industry
Meticulous Research®—a leading global market research company, published a research report titled, Tokenization Market by Offering (Solutions and Services), Application (Payment Security, User Authentication, Compliance Management), Organization Size, End-use Industry (Retail, Healthcare, BFSI, Others), and Geography—Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the tokenization market is projected to reach $13.23 billion by 2030, at a CAGR of 19.7% from 2023 to 2030. The growth of this market is attributed to the proliferation of digital payment methods, stringent PCI DSS regulations, and the rising financial fraud in e-commerce. In addition, the growing inclination toward using payment applications across various industries is expected to offer significant opportunities for the growth of this market. However, tokenization implementation adds a layer of complexity to the IT structure, which restrains the growth of this market.
The tokenization market is segmented based on offering, application, organization size, and end-use industry. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
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Based on offering, the tokenization market is segmented into solutions and services. In 2022, the solution segment accounted for the largest share of the tokenization market. The large market share of this segment is attributed to the increasing ensure compliance with payment security guidelines and the growing need to ensure continuous customer experience and maintain fraud prevention levels due to increased financial crimes. Moreover, growing consumer interest in contactless payments and rising demand for cloud-based tokenization solutions are expected to offer lucrative opportunities for the market’s growth. However, the services segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing need for visibility among organizations for diagnosing and troubleshooting problems before they impact operations or end-user experiences.
Based on application, the tokenization market is segmented into payment security, user authentication, and compliance management. In 2022, the payment security segment accounted for the largest share of the tokenization market. The large market share of this segment is attributed to the rise in demand for advanced payment security solutions for eCommerce, the increasing use of payment applications across different industries, and the rising need to secure online business-sensitive transactions from advanced cyberattacks. However, the user authentication segment is expected to register the highest CAGR during the forecast period due to enhanced payment security processes, the need to prevent unauthorized users from accessing a device or network, the rise in cyberattacks on fintech institutes, and the increasing need to protect user payment transaction data.
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Based on organization size, the tokenization market is segmented into large enterprises and small & medium-sized enterprises. In 2022, the large enterprises segment accounted for the largest share of the tokenization market. The large market share of this segment is attributed to rising concerns about creating a safe environment for customer payment transactions and the need to cater to dynamic customer trends, streamline business operations, and enhance market competitiveness. However, the small & medium-sized enterprises segment is expected to register the highest CAGR during the forecast period due to the rising adoption of payment security solutions among SMEs to modernize their businesses and provide customers with seamless & secure digital solutions.
Based on end-use industry, the tokenization market is segmented into BFSI, retail, travel & hospitality, healthcare, IT & telecom, media & entertainment, and other end-use industries. In 2022, the BFSI segment accounted for the largest share of the tokenization market. This segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to increasing data breaches in the BFSI sector and the rising adoption of payment security solutions to prevent fraud.
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Based on geography, the tokenization market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, North America accounted for the largest share of the tokenization market. North America’s major market share is attributed to the rising adoption of online payment modes for transactions. Furthermore, the presence of major market players that provide payment networks for online transactions drives the growth of this regional market.
The key players operating in the tokenization market are Bluefin Payment Systems LLC (U.S.), Braintree (U.S.), Cybersource (U.S.), Elavon (U.S.), Ingenico (France), Broadcom, Inc. (U.S.), Thales Group (France), Shift4 Payments, LLC (U.S.), Signifyd (U.S.), TNS, Inc. (U.S.), Tokenex (U.S.), SISA Information Security Pvt. Ltd. (India), Stripe (U.S.), Geobridge Corporation (U.S.), MasterCard (U.S.), Verifone Systems Inc. (U.S.), Fiserv, Inc. (U.S.), Micro Focus (U.K.), and American Express (U.S.).
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Specialty Fertilizers Market to Reach $42.57 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled ‘Specialty Fertilizers Market by Type (Specialty NPK Fertilizers, Slow-release Fertilizers, Controlled-release Fertilizers), Form (Dry, Liquid), Mode of Application (Fertigation, Foliar), and Crop Type (Cereals & Grains, Fruits & Vegetables) – Global Forecast to 2030’.
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According to this latest publication from Meticulous Research®, the specialty fertilizers market is projected to reach $42.57 billion by 2030, at a CAGR of 8.9% from 2023 to 2030. The growth of the specialty fertilizers market is driven by the declining availability of arable land and the rising demand for food, growing environmental concerns, and favorable government policies and regulations. However, high production costs restrain the growth of the specialty fertilizers market.
The increasing adoption of precision farming technologies is expected to generate market growth opportunities. However, the lack of awareness among farmers is a challenge for the stakeholders in this market. Additionally, the increasing use of nanotechnology in agriculture is a key trend in this market.
Key Players
The specialty fertilizers 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 specialty fertilizers market are Nutrien Ltd. (Canada), Coromandel International Limited (India), Haifa Group (Israel), Yara International ASA (Norway), ICL Group Ltd. (Israel), EuroChem Group AG (Switzerland), Kingenta Ecological Engineering Group Co., Ltd (China), The Mosaic Company (U.S.), Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) (India), Sociedad Química y Minera de Chile S.A. (Chile), and Kugler Company (U.S.).
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The specialty fertilizers market is segmented by type (specialty NPK fertilizers, slow-release fertilizers {sulfur-coated urea, and other slow-release fertilizers}, controlled-release fertilizers, agricultural micronutrients, and other fertilizers), form (dry specialty fertilizers, and liquid specialty fertilizers), mode of application (fertigation, soil application, and foliar spray), crop type (cereals & grains {maize/corn, wheat, rice, and other cereals & grains}, fruits & vegetables, oilseeds & pulses, and other crops), and geography (Asia-Pacific, Europe, North America, 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 specialty fertilizers market is mainly segmented into specialty NPK fertilizers, slow-release fertilizers, controlled-release fertilizers, agricultural micronutrients, and other fertilizers. In 2023, the specialty NPK fertilizers segment is expected to account for the largest share of the global specialty fertilizers market. The large market share of this segment is mainly attributed to factors such as the growing population and the need to improve crop yields and soil fertility, the increasing demand for balanced nutrient solutions in agriculture, and the rising adoption of precision farming techniques. Moreover, the rising focus of governments in various countries to promote specialty urea fertilizers, advancements in fertilizer manufacturing techniques, and rising companies' focus on the development of customized formulations are further expected to support the growth of this market across the globe.
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Based on form, the global specialty fertilizers market is segmented into dry specialty fertilizers and liquid specialty fertilizers. In 2023, the dry specialty fertilizers segment is expected to account for the largest share of the global specialty fertilizers market. The large market share of this segment is mainly attributed to the increasing adoption of controlled-release and slow-release fertilizers and the high efficacy and easier applicability of dry specialty fertilizers. Moreover, its cost-effectiveness, longer shelf life, ability to provide long-term release of nutrients, and high efficiency in all climatic conditions over its counterparts further support the growth of this market.
Based on application, the global specialty fertilizers market is segmented into fertigation, soil application, and foliar spray. The fertigation segment is expected to account for the largest share of the global specialty fertilizers market. The large market share of this segment is attributed to the high use of drip irrigation in crop production, increasing preference for drip irrigation, high availability of water-soluble and liquid fertilizers, rising automation in irrigation methods, and rising precision agricultural practices.
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Based on crop type, the specialty fertilizers market is mainly segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and other crops. In 2023, the cereals & grains segment is expected to account for the larger share of the global specialty fertilizers market. The large market share of this segment is mainly attributed to factors such as the rising demand for food grains due to the growing population, high area under cereals and grains production such as wheat, maize, rice, and barley, and increasing industrial application of cereals and grains.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Europe (France, Germany, Spain, Italy, U.K., and Rest of Europe), North America (the U.S. and Canada), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa.
In 2023, Asia-Pacific is expected to account for the largest share of the global specialty fertilizers market. The large share of this market is mainly attributed to the presence of major specialty fertilizers suppliers in the region, a huge area under agriculture production, rising demand for high-yield crop products, and the growing support from various organizations & governments to enhance crop cultivation.
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North American Electric Scooters Market: Battery Technology, Trend and Demand
Meticulous Research®, a premier global market research company, has unveiled its latest report titled “North American Electric Scooters Market: Transformative Insights on Vehicle Types, Power Output, Battery Technologies, and Emerging Trends.” This comprehensive analysis forecasts the North American electric scooters market to surge at a remarkable CAGR of 44.6% from 2021 to 2028, reaching a valuation of $12.58 billion. In terms of volume, the market is anticipated to embrace 2,496.1 thousand units by the end of the forecast period, showcasing a CAGR of 25.5%.
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The burgeoning growth of the North American electric scooters market is underpinned by several factors, including the burgeoning popularity of electric-scooter-sharing fleets, heightened concerns surrounding greenhouse gases and carbon emissions, and the escalating demand for micro-mobility solutions catering to short-distance commutes. Furthermore, the advent of smart charging stations and the integration of micro-mobility within logistics operations are fuelling unprecedented growth prospects within the industry.
Nevertheless, challenges loom in the form of escalating accident rates and regulatory ambiguities surrounding the operation of electric kick scooters, which may curtail market expansion to a certain extent. Additionally, the high procurement costs associated with electric two-wheelers and the escalating incidents of theft and vandalism pose significant hurdles to market advancement.
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The North American electric scooters market is meticulously segmented based on vehicle types, power output, battery technologies, motor types, charging methodologies, end users, and geographical landscapes. The report also provides a comprehensive competitive analysis and delves into market dynamics at the country level.
Key Market Segments:
Vehicle Type: The market encompasses electric motorcycles, e-scooters, and bikes. While e-scooters and bikes dominated the market landscape in 2021, electric motorcycles are anticipated to exhibit the highest CAGR during the forecast period.
Power Output: Segmentations include less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. Electric mopeds, boasting a power output of 3.6 kW to 7.2 kW, are poised to witness substantial growth owing to their cost-effectiveness and environmental sustainability.
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Battery Technology: The market is categorized into sealed lead-acid, lithium-ion, and lithium-ion polymer batteries. While lithium-ion batteries held the largest market share in 2021, the lithium-ion polymer segment is forecasted to exhibit the highest growth rate, driven by its cost-efficiency and robust performance.
Motor Type: Hub motors and mid-drive motors are scrutinized in this segment. Hub motors, especially geared hub motors, dominated the market in 2021 and are expected to maintain their dominance throughout the forecast period.
Charging Type: The market encompasses connector charging and wireless charging. Although connector charging accounted for the largest market share in 2021, wireless charging is projected to witness the highest CAGR, buoyed by the increasing demand for hassle-free charging solutions.
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End User: Segments include government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and others. Business organizations spearheaded market uptake in 2021 and are anticipated to exhibit the highest growth rate, driven by governmental initiatives promoting EV adoption and last-mile transportation solutions.
Geography: The United States commanded the largest market share in 2021, driven by the burgeoning popularity of electric scooters for short-distance commutes and the dense urbanization across major cities. However, Canada is poised to witness the highest CAGR during the forecast period, propelled by stringent government regulations aimed at reducing carbon emissions and the robust expansion of local ride-hailing companies offering electric scooter services.
Notable Market Players:
Prominent players operating in the North American electric scooters market include Yamaha Motor Co., Ltd., Trek Bicycle Corporation, Aventon Bikes, Fuji-Ta Bicycle Co., Ltd., Walberg Urban Electrics GmbH, Zhejiang Minimotors Bike Co., Ltd., Magnum Bikes, Pedego Electric Bikes, Rad Power Bikes Inc., and Zero Motorcycles, Inc.
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Related Report:
>> The Electric Scooter Market is expected to reach $408.1 billion by 2031, at a CAGR of 21.6% from 2024 to 2031. >> https://www.meticulousresearch.com/product/electric-scooter-market-5191
>> The Europe Electric Scooter Market to reach $60.6 billion by 2030, at a CAGR of 20.4% from 2023 to 2030. By volume, this market is projected to reach 23.1 million units by 2030, at a CAGR of 19% from 2023 to 2030. >> https://www.meticulousresearch.com/product/europe-electric-scooter-market-5239
>> The Asia-Pacific Electric Scooter Market is expected to grow at a CAGR of 28.9% from 2022–2029 to reach $625.03 billion by 2029. >> https://www.meticulousresearch.com/product/asia-pacific-electric-scooter-market-5242
Fruit and Vegetable Ingredients Market to Reach $294.5 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘Fruit and Vegetable Ingredients Market by Category (Fruit, Vegetable), Type (Pieces, Powders, Concentrates, Purees, Paste), Nature (Organic, Conventional), and Application (Beverages, Bakery, Dairy, Soups, Sauces, Savory) – Global Forecast to 2030’.
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According to this latest publication from Meticulous Research®, the global fruit and vegetable ingredients market is projected to reach $294.5 billion by 2030, at a CAGR of 5.5% from 2023 to 2030. The growth of the fruit and vegetable ingredients market is mainly attributed to the growing demand for natural ingredients, the wide range of benefits of fruits & vegetable ingredients in the food & beverage industry, and the rising demand for RTE & RTD products. Furthermore, growing demand for functional food products and emerging economies are expected to create market growth opportunities. However, fluctuating raw material prices and problems associated with storage and material handling hinder the growth of this market to some extent.
The fruit and vegetable ingredients market is segmented by category (fruit ingredients and vegetable ingredients), type (concentrates, pieces & powders, NFC juices, paste & purees, and other types), nature (organic and conventional), application (beverages, bakery & confectionery products, dairy products, soups & sauces and savory & prepared food products, and other products), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at regional and country levels.
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Among all the categories studied in this report, the fruit ingredients segment is expected to account for the largest share of the global fruit and vegetable ingredients market in 2023. The large market share of this segment is attributed to factors such as the ease and widened adoption in various applications, low cost, and easy availability in various forms.
Among all the types studied in this report, the concentrates segment is expected to dominate the global fruit and vegetable ingredients market. The dominant position of this segment is mainly attributed to high adaptability in beverages and other applications offering a favorable taste, flavor, improved quality, and convenience. Also, minimized costs and limited logistical hassles support the growth of this segment.
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Among all the natures studied in this report, the organic segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to factors such as increasing demand for organic food and beverages, the growing trend of sustainable & natural food, and rising awareness about clean-label products. Additionally, organic ingredients are perceived to be safer and healthier as they are free from any chemicals and pesticides, which further supports the growth of this segment.
Among all the applications studied in this report, the beverages segment is expected to dominate the global fruit and vegetable ingredients market. The large share of this segment is mainly attributed to the growing awareness of health benefits related to natural flavors in beverages, new product development & launches of beverages, rising demand for organic beverages, and growing popularity of flavored soft drinks. Also, the growing demand for health and sports drinks with enhanced nutritional value is expected to support the growth of this segment.
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Among all the regions studied in this report, in 2023, Europe is expected to account for the largest share of the fruit and vegetable ingredients market. The large market share of this region is attributed to factors like rising consumer demand for healthier and natural products, growing consumption of ready-to-eat food and beverage products with high nutritional value, and growing health and wellness concerns. Also, product launches with free-from, organic, and clean-label claims further augment the growth of this region.
Key Players
The global fruit and vegetable ingredients market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the global fruit and vegetable ingredients market are Archer-Daniels-Midland Company (U.S.), Olam International Limited (Singapore), Cargill, Incorporated (U.S.), AGRANA Beteiligungs-AG (Austria), Hans Zipperle AG/S.p.A. (Italy), Döhler GmbH (Germany), Ingredion Incorporated (U.S.), SunOpta (U.S.), SVZ International BV (Netherlands), and KangMed, Inc. (China).
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E-commerce Market: Technology and Trend
Meticulous Research®—a leading global market research company, published a research report titled, ‘E-commerce Market by Business Model, Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfer), Operational Channel, Offering (Beauty & Fashion, Food & Beverage, Electronic, Household) – Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the E-commerce market is projected to reach $21,168.6 billion by 2030, at a CAGR of 16.9% during the forecast period.The growth of the E-commerce market is driven by the rising penetration of the Internet and smartphones, growing usage of social media and social commerce, growth in the omni-channel business model, and advancement of multiple payment modes. However, online fraud and cybersecurity issues may restrain the market's growth.
E-commerce automation and expansion of cross-border E-commerce are expected to offer significant growth opportunities for the E-commerce market. However, local laws and legislation affecting cross-border E-commerce and trust deficit due to lack of touch and feel experience may hinder the growth of this market. Furthermore, on-site customization, personalized experience, and use of AR and VR in E-commerce are major trends in the E-commerce market.
Meticulous Research® has segmented this market based on business model, browsing medium, payment mode, operational channel, offering, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
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Based on business model, in 2023, the horizontal E-commerce segment is expected to account for the larger share of the E-commerce market. The horizontal E-commerce model caters to a diverse product category and hence enjoys a large section of consumers and high sales, contributing to the large share of the segment. A horizontal E-commerce model can be a successful strategy for businesses looking to capture a broad customer base, increase sales, and achieve economies of scale.
Based on browsing medium, in 2023, the desktop/laptop segment is expected to account for the larger share of the E-commerce market. The large market share of this segment is attributed to the growing demand during the COVID-19 pandemic, and the work-from-home culture has positively impacted desktop/laptop sales. Besides, customer preference for high-quality visualization, which gives a better shopping experience and detailed product information, has increased the E-commerce sale via desktop/laptop. Desktops/laptops are still an important platform for E-commerce, particularly for activities that require more detailed browsing and secure transactions.
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Based on payment mode, in 2023, the card payments segment is expected to account for the largest share of the E-commerce market. Card payments are essential for E-commerce businesses offering customers a seamless and secure payment option. Businesses need to offer multiple card payment options to cater to different customers' preferences and ensure a positive customer experience. Card payments also lower the risk of fraudulent transactions and chargebacks. They increase sales for E-commerce businesses by providing customers with a secure and convenient payment option. Multiple card payment options are important to cater to customer preferences and ensure a positive shopping experience.
Based on operational channel, in 2023, the omni-channel E-commerce segment is expected to account for the larger share of the E-commerce market. The large market share of this segment is attributed to the increased customer experience, increased sales and consumer traffic, boosting customer loyalty, and better data collection for optimum customer and resource management.
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Based on offering, in 2023, the beauty & fashion products segment is expected to account for the largest share of the E-commerce market. The large market share of this segment is attributed to the rapidly changing customer behavior and preference towards online shopping, the high demand for cosmetics and clothing, and the rising popularity of mobile wallets. Besides, the increasing use of smartphones, incorporation of advanced technologies in online platforms, and various beauty & fashion goods available for comparison on E-commerce platforms further augment this segment's growth.
Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the E-commerce market. Large consumer groups, growing penetration of smartphones and the Internet penetration, and rising disposable income have helped the region emerge as the largest E-commerce market.
Key Players
The key players operating in the E-commerce market are Amazon.com, Inc. (U.S.), Alibaba Group Holding Limited (China), eBay Inc. (U.S.), JD.com, Inc. (Jingdong) (China), Rakuten, Inc. (Japan), The Home Depot, Inc. (U.S.), Zalando SE (Germany), Otto GmbH & Co KG (Germany), Priceline.com (U.S.), B2W Digital Company (Brazil), Groupon, Inc. (U.S.), Walmart Inc. (U.S.), Inter IKEA Systems B.V. (Netherlands), Costco Wholesale Corporation (U.S.), Shopify Inc. (Canada), Wayfair Inc. (U.S.), Suning.com Co., Ltd. (Suning Commerce Group Co., Ltd.) (China), Best Buy Co., Inc. (U.S.), and Tesco plc (U.K.).
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Related Report ::
> Asia-Pacific E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering – Forecast to 2030 >> https://www.meticulousresearch.com/product/asia-pacific-e-commerce-market-5596
> Europe E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering – Forecast to 2030 >> https://www.meticulousresearch.com/product/europe-e-commerce-market-5663
> South East Asia E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering – Forecast to 2030 >> https://www.meticulousresearch.com/product/south-east-asia-e-commerce-market-5599
Microbubbles/Ultrasound Contrast Agents Market to be Worth $1.95 Billion by 2030
Meticulous Research®—a leading market research company, published a research report titled, ‘Microbubbles/Ultrasound Contrast Agents Market by Application (Diagnostic Imaging [Cardiovascular, Renal, Abdominal, Breast] Therapeutics) Type (Lipid, Protein, Polymer) End User (Hospitals & Clinics, Diagnostics Laboratories) – Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the microbubbles/ultrasound contrast agents market is projected to reach $1.95 billion by 2030, at a CAGR of 15.2% from 2023 to 2030. The aging population, coupled with the rising prevalence of chronic diseases, technological advancements in ultrasound imaging technologies, high demand for image & diagnostics-guided procedures, and favourable reimbursement policies for contrast-enhanced procedures, are driving the growth of this market. In addition, increasing microbubbles/ultrasound contrast agents-related research activities will likely offer growth opportunities for the market. However, the complexity involved in contrast-enhanced ultrasound (CEUS) is expected to restrain the market's growth to some extent.
The key players profiled in the microbubbles/ultrasound contrast agents market report are Lantheus Holdings, Inc. (U.S.), GE HealthCare Technologies Inc. (U.S.), Bracco S.p.A. (Italy), Bristol-Myers Squibb Company (U.S.), Daiichi Sankyo Company, Limited (Japan), nanoPET Pharma GmbH (Germany), Leriva (Greece), Siemens Healthineers AG (Germany), Bayer AG (Germany), and Fujifilm Holdings Corporation (Japan).
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The microbubbles/ultrasound contrast agents market is segmented by type [lipid microbubbles, protein microbubbles, polymer microbubbles], application [diagnostics imaging {cardiovascular imaging, renal imaging, abdominal imaging, breast imaging, other diagnostics imaging applications}, therapeutic applications], end user (hospitals & clinics, diagnostics laboratories, other end users], and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Based on type, in 2023, the lipid microbubbles segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. Lipid-based microbubbles represent a new class of agents with diagnostic and therapeutic applications. Stabilizing lipid-based microbubbles creates low-density particles with unusual properties for diagnostic imaging and drug delivery. Due to their advantages, research studies are also carried out to widen their therapeutic applications, such as tumor-targeted therapy, brain-targeted therapy, and immunotherapy. This further contributes to the segment's largest share.
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Based on application, the microbubbles/ultrasound contrast agents market is segmented into diagnostics imaging and therapeutics. The diagnostics imaging is further segmented into cardiovascular imaging, renal imaging, abdominal imaging, and breast imaging. The diagnostics segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market in 2023. The large market share of this segment is attributed to the increase in demand for radiation-free and non-invasive diagnostic modalities for testing various disorders, including cardiovascular, breast, and abdominal conditions.
Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. The large market share of the segment is attributed to the rise in the number of hospital admissions owing to the significant rise in spending on health, the rising number of healthcare facilities in emerging countries, and the well-established infrastructure of hospitals and clinics.
Based on geography, in 2023, North America is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. The rising demand for imaging and diagnostics-guided procedures, the presence of several key market players, and advanced healthcare systems in North America support the large share of this market.
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Agricultural Micronutrients Market to be Worth $13.35 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘Agricultural Micronutrients Market by Type (Zinc, Iron, Copper, Molybdenum), Crop Type (Cereals and Grains, Fruits and Vegetables), Form (Non-chelated, Chelated), Mode of Application (Soil, Foliar, Fertigation, Seed Treatment) – Global Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the agricultural micronutrients market is projected to reach $13.35 billion by 2030, at a CAGR of 8.4% from 2023 to 2030. The growth of this market is driven by the growing population and rising food insecurity, declining arable land, rising micronutrient deficiency in the soil, and positive outlook of government policies and various organizations encouraging the use of micronutrients. However, the lack of awareness among farmers restrains the growth of this market. Additionally, the sustainable sourcing of raw materials is a challenge for the growth of this market. The growing contract farming is expected to create growth opportunities for the players operating in this market. Additionally, the emergence of nanotechnology in micronutrient fertilization is a major trend in the global agricultural micronutrients market.
The global agricultural micronutrients market is segmented by type, crop type, form, mode of application, and geography.
Based on type, in 2023, the zinc segment is expected to account for the largest share of the global agricultural micronutrients market. The large market share of this segment is mainly driven by the rising awareness of the wide range of functions that zinc plays in plant growth and its deficiency in soils around the world, the rising need to tackle food security challenges, and the rising demand for zinc nutritious food products due to multiple health benefits. Moreover, the increasing government initiatives globally to enhance zinc concentrate in the soil to increase quantitative and qualitative crop yield further support the growth of this segment.
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Based on crop type, in 2023, the cereals & grains segment is expected to account for the largest share of the global agricultural micronutrients market. The large market share of this segment is attributed to the rising demand for food grains due to the growing population, increasing industrial application of cereals & grains, and huge production of staple crops such as wheat, maize, rice, and barley, which form the primary food source for a major population of the world.
Based on form, the chelated micronutrients segment is projected to record the higher CAGR during the forecast period due to its high stability over the non-chelated micronutrients, the growing need to increase micronutrient utilization efficiency, and the development and application of new generations of chelates.
Based on mode of application, in 2023, the soil treatment application segment is expected to account for the largest share of the global agricultural micronutrients market. Soil treatment is the most widely used application compared to other modes of application and is easy and cost-effective. Moreover, this segment is projected to register the highest CAGR during the forecast period. The growth of this market is driven by the rampant use of traditional agriculture methods in the current farming system, the presence of very limited resources, and the lower adoption of advanced fertilizer application methods.
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Based on geography, in 2023, Asia-Pacific accounted for the largest share of the global agricultural micronutrients market. The large market share of this segment is mainly attributed to the huge area under crop cultivation, growing population, increasing demand for high-quality food, and rising focus on agricultural micronutrients to improve crop productivity and crop yield in emerging economies like China and India. Additionally, the increasing agricultural practices and the necessity of high-quality agricultural produce are anticipated to further support the growth of this market. Moreover, this region is projected to register the highest CAGR during the forecast period due to the vast depletion of arable land, rising micronutrient deficiency in soil and a huge area of infertile soil, and the increasing government support for the fertilizer industry.
The key players operating in the global agricultural micronutrients market are AgroLiquid (U.S.), Aries Agro Limited (India), BASF SE (Germany), BMS Micro-Nutrients NV (Belgium), Coromandel International Limited (India), Haifa Group (Israel), Helena Agri-Enterprises, LLC (U.S.), Koch Industries, Inc. (U.S.), Nouryon (Netherlands), Nufarm Limited (Australia), Nutrien Ltd. (Canada), The Mosaic Company (U.S.), VALAGRO S.P.A (Part of Syngenta AG) (Italy), and Yara International ASA (Norway).
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Plant-based Protein Market: Drivers and Applications
Meticulous Research®—a leading global market research company, published a research report titled, ‘Plant-based Proteins Market by Type (Soy Proteins, Wheat Proteins, Pea Proteins, Potato Proteins), Form (Solid, Liquid), Source Process (Conventional, Organic), and Application (Food and Beverages, Animal Feed, Nutritional Supplements) – Global Forecast to 2031.’
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According to this latest publication from Meticulous Research®, the plant-based proteins market is projected to reach $26.45 billion by 2031, at a CAGR of 8.4% from 2024–2031. The growth of the plant-based proteins market is mainly driven by the rising need for protein-rich diets, growing health and wellness trends, increasing consumer focus on meat alternatives, rising demand from the food & beverage industry, and advancements in ingredient technologies, such as microencapsulation. However, the consumer preference for animal-based products and fluctuating raw material prices are expected to hinder the growth of this market.
Furthermore, consumers’ increasing inclination toward plant-based diets, emerging economies, and rising prevalence of intolerance to animal proteins are expected to generate growth opportunities for the players operating in the plant-based proteins market.
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Key Players
The key players operating in the global plant-based proteins 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. (IFF) (U.S.), Now Health Group, Inc. (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), AMCO Protein (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (A Part of Südzucker AG) (Germany), Glico Nutrition Co., Ltd (Japan), Glanbia Plc (Ireland), Cosucra Groupe Warcoing SA (Belgium), Sotexpro (France), Farbest-Tallman Foods Corporation (U.S.), Crespel & Deiters GmbH & Co. KG (Germany), Wilmar International (Singapore), and CHS Inc. (U.S.).
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The global plant-based proteins market is segmented by type, form, source process, application, and geography.
Based on type, the global plant-based proteins market is segmented into soy proteins, wheat proteins, pea proteins, canola proteins, potato proteins, rice proteins, corn proteins, and other types. In 2024, the soy proteins segment is expected to account for the largest share of the global plant-based proteins market. The large market share of this segment is mainly attributed to its easy availability, lower price of soy protein than other protein sources, increased demand for meat protein alternatives, a wide range of applications in various products, greater consumer awareness, and multiple health benefits.
Based on form, the global plant-based proteins market is categorized into solid (dry) and liquid. In 2024, the solid segment is expected to account for the larger share of the global plant-based proteins market. The large market share of this segment is attributed to the increasing demand for powdered plant-based protein due to its benefits, such as ease of handling and transport, comparatively lower costs, low chances of formulation errors, and ingredient stability. This segment is also expected to register the highest CAGR during the forecast period.
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Based on source process, the global plant-based proteins market is broadly segmented into conventional plant-based protein ingredients and organic plant-based protein ingredients. In 2024, the conventional plant-based protein ingredients segment is expected to account for the larger share of the global plant-based proteins market. The large market share of this segment is attributed to the widespread availability of crops cultivated through traditional harvesting methods (utilizing chemical fertilizers), the easy accessibility to cost-effective conventional plant-based protein ingredients, the extended shelf life of these proteins, and the availability of a diverse range of crop varieties.
Based on application, the global plant-based proteins market is segmented into food & beverage, animal feed, nutrition & health supplements, pharmaceuticals, and other applications. In 2024, the food & beverage segment is expected to account for the largest share of the global plant-based proteins market. The large market share of this segment is mainly attributed to increasing consumer preference for plant-based foods and ingredients, growing awareness and demand for protein-rich food products, plant-based proteins' versatile functionality and compatibility with vegetarian and vegan lifestyles, and the rising clean-label trend.
Based on region, the global plant-based proteins market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global plant-based proteins market. The leading position of this region is primarily attributed to the well-established food and beverage industry, rising concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, and increasing demand for healthy & nutritional products and health & wellness trends.
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Related Report:
The Asia-Pacific Plant-Based Protein Market is expected to reach $7.27 billion by 2030, at a CAGR of 12% during the forecast period of 2023 to 2030. >> https://www.meticulousresearch.com/product/asia-pacific-plant-based-protein-market-5666?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=27-03-2024
The North America Plant-based Protein Market is expected to reach $11.32 billion by 2030, at a CAGR of 9.7% during the forecast period of 2023 to 2030.>> https://www.meticulousresearch.com/product/north-america-plant-based-protein-market-5637?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=27-03-2024
The Europe Plant-based Protein Market is expected to reach $7.83 billion by 2030, at a CAGR of 8.9% during the forecast period of 2023 to 2030.>> https://www.meticulousresearch.com/product/europe-plant-based-protein-market-5608?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=27-03-2024