Xanthan Gum – a natural food additives that offer various health benefits

 

Xanthan gum is an additive in the food &beverage industry. Xanthan Gum is a substance that has many benefits for the body. It is used to relieve many different problems in the human body, such as digestive disorders and digestive discomfort. Xanthan Gum is something that is very useful for people who suffer from many different digestive problems, including constipation and diarrhea. This product is also helpful for those who are dealing with ulcers in the stomach or intestines, as well as gallstones or cancer.

High demand for gluten-free food and beverage additives is a prime factor driving demand for xanthan gum. This product is basically used in sauces, salad dressings, dairy products, toppings, baked, and frozen foods as it has excellent properties such as thermal stability and emulsion stabilization.

Additionally, increasing consumption of convenience foods is contributing to the market growth of xanthan gum. Moreover, the growing demand for xanthan gum for enhanced oil recovery operations are again creating demand. Thus rise in the oil &gas industry is again expected to foster market growth. According to the India Brand Equity Foundation, crude Oil import rose sharply to US$ 101.4 billion in 2019–2020 from US$ 70.72 billion in 2016– 2017.

North America is expected to gain significant growth over the forecast period and this is attributed to increasing spending on food products in the region. According to the Economic Research Service United States Department of Agriculture, in 2019, U.S. consumers, businesses, and government entities spent $1.77 trillion on food and beverages in grocery stores and other retailers and on away-from-home meals and snacks.

Key Developments:

1.      In March 2020, Jungbunzlauer increases the production capacity of xanthan gum in Pernhofen, Austria. The expansion of the Pernhofen site will further strengthen Jungbunzlauer’s capacity to provide high-quality xanthan gum grades in numerous applications.

2.      In April 2019, CP Kelco announced the plans for the introduction of its newest product line, NUTRAVA™ Citrus Fiber. NUTRAVA™ Citrus Fiber addresses the need for nature-based, recognizable ingredients in a variety of food applications

3.      In December 2019, CP Kelco, a global provider of nature-based ingredient solutions, has announced a new distribution agreement with IMCD Brasil to serve the Brazilian market in Latin America. According to this agreement, IMCD Brasil will be the company’s strategic distributor in Brazil for CP Kelco’s pectin, gellan gum, carrageenan, xanthan gum, and diutan gum for use in a wide range of foods, beverages, and consumer and industrial products.

 

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Growing Consumer Awareness about the Health Benefits of Spirulina to Augment the Spirulina Market Growth

 

Spirulina is a nutritional supplement that can be consumed by humans and other animals. It can be obtained from the three species of cyanobacteria, such as Arthrospira maxima, Arthrospira fusiformis, and Arthrospira platensis. Arthrospira is cultivated worldwide and is used as a whole food and also in dietary supplements. It is available in various forms such as powder, flakes, tablets, capsule, and liquid form. Spirulina grows naturally in the alkaline waters of rivers, ponds, and lakes. Moreover, it is associated with high nutritional value, such as Vitamin A, C, E, B1, B2, and B3 and carbohydrates, protein, minerals, and essential lipids. Spirulina is widely used as a feed supplement in poultry, aquariums, and aquaculture industries.

Growing awareness among consumers about the health benefits (such as may control blood sugar, may improve muscle strength and endurance, may reduce blood pressure, may have anti-cancer properties, and may lower bad LDL and triglyceride levels) of spirulina is the major factor driving the spirulina market growth. According to the International Diabetes Federation, in 2019, around 463 million people (aged 20 to 79 years) were living with diabetes and the number is expected to reach 700 million by 2045. Moreover, considering the health benefits of spirulina, many countries around the world are promoting the production of spirulina, driving spirulina market growth.

Increasing demand for spirulina from the food & beverages, pharmaceutical, and cosmetics industries is also expected to drive the spirulina market growth. Moreover, increasing demand for naturally derived food coloring agents aid the market growth. For instance, many authorities such as the European Food Safety Authority and Food Safety and Standards Authority of India have banned or lowered the acceptable daily intake for synthetic food colors such as quinolone yellow (E104), ponceau 4R (E124), and sunset yellow FCF (E110). The blue spirulina color is the most popular natural food color and is widely used in the food & beverages industry.

In terms of geography, the spirulina market is divided into six regions, such as North America, Asia Pacific, Europe, South America, the Middle East, and Africa. Europe is expected to witness robust growth in the market due to the increasing demand for naturally derived food colors in the region. Moreover, Asia Pacific is expected to witness substantial growth in the market due to the increasing demand for spirulina from vegetarian consumers and the robust growth of the food processing industry in the region. According to government surveys, around 23 to 37% of Indians are vegetarian.

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Pallet Market Growing Rapidly as Major Industry Leader Leap India announces to deploy more pallets to cater demand from food, e-commerce and logistics customers

 

A wooden pallet is an industrial structure that facilitates the mechanical handling of materials by forklift, front loader, truck, etc. They are typically made of either wood or plastics. A plastic pallet is those that are usually made out of polyurethane plastic material. Both kinds of pallets have their own set of advantages and disadvantages. Wooden pallets are more popular and available in various sizes. Plastic pallets, on the other hand, are less expensive than wooden ones. They are also available in various colors and designs to suit the needs of the customers. Wooden pallets, on the other hand, are heavier and do not move as easily as plastic ones. Wooden pallets are also sturdier than their plastic counterparts.

Increasing adoption of innovative pallets is expected to drive growth of the global pallet market during the forecast period. Adoption of innovative pallets has increased significantly over the years. Many companies have started adopting radio-frequency identification (RFID) tags for product tracking, typically in plastic pallets. Each tag contains specific information and can be located anywhere in the warehouse efficiently. Many warehouse management companies and vendors have started using pallets with RFID tags, in order to avoid damage of pallets as well as loss. Furthermore, many vendors have started adopting robots for processes such as pallet dismantling, pallet nailing, and pallet repair. In such cases, RFID tags can help to accurately measure the impact, temperature, and humidity to ensure safety, especially in the food supply chain. Thus, these factors are expected to drive growth of the global pallet market during the forecast period. Furthermore, increasing demand for plastic pallets across numerous industry verticals including logistics and shipment is expected to boost the global pallet market growth over the forecast period.

However, high initial and maintenance cost of pallets, especially wooden pallets is expected to restrain growth of the global pallet market during the forecast period. Among regions, Asia Pacific is expected to witness significant growth in the global pallet market during the forecast period. This is owing to increasing demand for wooden and plastic pallets across the region. Emerging economies such as India and China are holding a dominant position in the region. Furthermore, Middle East & Africa is expected to register a robust growth rate over the forecast period, owing to increasing demand for plastic pallets in the transportation and logistics sector.

Key companies operating in the global pallet market are Brambles Ltd., Schoeller Arca Time Materials Handling Solutions Ltd., CABKA Group GmbH, The Supreme Industries Ltd., Ergen Plastic Industries, Greif Inc., Sintex Plastics Technology Ltd., LEAP India Pvt. Ltd., Nilkamal Ltd., and Nefab AB.

For instance, in December 2019, Leap India announced to expand the number of pallets on lease for customers. 

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Growing awareness regarding self-care among male population is driving demand for high-quality men’s grooming product

The growing global men's grooming industry is expected to surge through the predicted festive season on account of the growing awareness among the average male population about personal grooming across society all across the world. This has given rise to a greater demand for high-quality products that cater to the various needs of men. This has resulted in a rise in the popularity of the product ranges, which are targeted at both men and women. Manufacturers are continuously introducing various men's grooming products such as shampoos, conditioners, hairsprays, and more. These products are extremely effective in keeping both men looking and feeling great the entire day.

Changing fashion trend coupled with the increasing demand for men's grooming products such as face creams, shaving foams, after shaving lotions is projected to drive the market growth. Moreover, growing awareness regarding self-care is also expected to augment the market growth. The increasing disposable income of consumers is encouraging them to spend on men's grooming products which is again contributing to the market growth of men's grooming. Growing awareness regarding the grooming and an increasing number of the manufacturer in the men's grooming products industry is further projected to fuel the market growth over the forecast period.

The Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the growing awareness regarding self-care coupled with the expansion of the e-commerce industry which is boosting the sale of grooming products. Also, increasing men population and massive demand for anti-aging scrubs, moisturizers, and whitening creams. The influence of social media due to the increasing use of the internet is also creating awareness regarding men's grooming products. India is adding 40 million new Internet users on an average every year, among the fastest in the world. The online video audience in India is expected to grow to 500 million users by 2020.

Key Developments:

In May 2020, Procter & Gamble's Gillette has launched King C. Gillette, a new brand of men’s grooming tools and products, named after founder King Camp Gillette. The King C. Gillette tools and facial hair care essentials include a double-edged safety razor that was pioneered back in 1901 by King C. Gillette and beard-care products such as beard wash and oil.

In July 2019, Royal Philips announced the launch of the latest product in male grooming technology – the Philips OneBlade.

In August 2020, Marico has launched the brand-new Studio X Clean and Fresh Men's soap under its complete male grooming brand named Studio X.

In August 2020, SkinKraft forayed into the men’s grooming market with a customized men’s range in India. The new skincare launch aims to meet the increasing demand for precise and effective skincare solutions in the men’s grooming market in India.

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Chocolate Market Continues to Grow as Industry Giant the Hershey Company Expands its Presence in the Indian Market with Launch of Chocolate bars

 

There are three different types of chocolate available on the market today. They are milk chocolate, dark chocolate, and white chocolate. Each one of them has its own set of delicious flavors and each one is a little bit different from the next. White chocolate is the most expensive. It is made by adding cream to the cocoa butter. But there are some high-end white chocolates that are also a good value, as they use high-quality cocoa butter. Another good thing about chocolate is that it has a great number of antioxidants in it, too. It is high in nutrients like antioxidants that help fight free radicals in your body and also phytonutrients that are essential for cell renewal.

Increasing awareness regarding dark chocolate as a healthier confectionery product is expected to drive growth of the global chocolate market during the forecast period. Dark chocolate has been hailed as a healthier alternative to other confectionery products such as candy, bread, and muffins.  Dark chocolate consists of antioxidants that protect the skin from harmful ultraviolet rays. It is very nutritious, improves blood flow and lowers blood pressure, reduces the risk of heart disease & stroke, and can also improve brain function. Such benefits have made dark chocolate quite popular among consumers over muffins and cupcakes. Both young and elderly consumers are preferring dark chocolate due to its health benefits and variety of flavors available in the market. Key industry players offering numerous flavors in dark chocolate, in order to expand their consumer-based. For instance, in July 2019, Nestle S.A., a Swiss food and drink processing company, introduced new dark chocolate that was entirely made from cocoa fruit. Hence, these factors are expected to drive growth of the global chocolate market during the forecast period. Furthermore, the impulse buying behavior of consumers is expected to boost the global chocolate market growth over the forecast period.

However, fluctuating prices of raw materials, especially cocoa, and political instability in cocoa-producing countries are expected to hinder the global chocolate market growth over the forecast period. Among regions, Europe is expected to witness significant growth in the global chocolate market during the forecast period. This is owing to increasing popularity of dark chocolate among consumers across the region. Furthermore, Middle East & Africa is expected to register a robust growth rate over the forecast period, owing to increasing product availability and tax concession in the region.

Major companies involved in the global chocolate market are Barry Callebaut, Arcor, Lindt & Sprüngli AG, Meiji Holdings Co., Ltd., Mondelez International, The Australian Carob Co., Nestle, Mars, Inc., The Hershey Company, and Ferrero Group.

For instance, in January 2020, Hershey India Private Limited, a subsidiary of The Hershey Company, introduced chocolate bars under its flagship brand Hershey’s in the Indian market.

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Digital Breast Tomosynthesis Equipment Market to Witness Massive Expansion as Medical Technology Leader Hologic Inc. gets approval for its DBT machine powered by AI

     

Digital Breast Tomosynthesis (DBT) Equipment is a product developed by a team of breast augmentation doctors and technicians, with an aim to provide patients with one of the most reliable, safest, and cost-effective procedures available. As this revolutionary new breast enhancement procedure is not available in every area, it can be hard to find the correct equipment to suit your specific needs.  Digital breast tomosynthesis equipment is designed to provide all-over improvement to the breasts so that any woman can get the look she wants without incurring outrageous costs. DBT also referred to as 3D mammography, is also used by radiologists to diagnose breast cancer. It uses a series of two-dimensional images to build a 3D image of the breast.

Increasing prevalence of breast cancer is expected to drive growth of the global digital breast tomosynthesis equipment market during the forecast period. According to the World Cancer Research Fund, in 2018, there were over 2 million new cases of breast cancer across 25 countries in the world. According to the American Cancer Society, in 2020, around 276,480 new cases of invasive breast cancer are expected to be diagnosed in the U.S. in women with over 40,000 women dying from it. Such a massive prevalence of breast cancer has increased the demand for DBT equipment across the globe. Thus, these factors are expected to drive growth of the global digital breast tomosynthesis equipment market during the forecast period. Furthermore, rising awareness regarding the use of DBT equipment as well as technological advancements in the field of breast imaging is expected to propel the global digital breast tomosynthesis equipment market growth in the near future.

However, the high capital cost of the equipment combined with side-effects related to radiation exposure is expected to restrict growth of the global digital breast tomosynthesis equipment market during the forecast period. Furthermore, among regions, North America is expected to witness significant growth in the global digital breast tomosynthesis equipment market during the forecast period. This is owing to high demand for innovative products as well as the presence of skilled healthcare professionals in the region.

Key players involved in the global digital breast tomosynthesis equipment market are Hologic, Inc., Trivitron Healthcare, GE Healthcare, Analogic Corporation, Fujifilm Holdings Corporation, Planmed Oy, Siemens Healthineers, and General Medical Merate SpA.

For instance, in March 2020, Hologic Inc., a U.S.-based medical technology company, received the U.S. Food and Drug Administration (FDA) approval for its 3DQuorum Imaging Technology, which is powered by Genius AI.

 

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Coconut Milk Powder Market Continues to Expand as Tropical Fruit Juice Supplier iTi Tropicals Inc. Enters the Market with a 100% vegan coconut milk powder

 

Coconut milk powder is one of the earliest forms of cooking. It was created by the Maasai tribe who lived in the Kalahari Desert. The tribe discovered the health benefits of the unsweetened liquid from coconuts as early as the nineteenth century. Since then, this natural sweetener has continued to increase in popularity as well as availability. Today, there are many new products introduced on the market to take advantage of the increasing demand for this natural organic substance. Several companies have jumped on the bandwagon to capitalize on the emerging demand for natural product.

Rising adoption of powdered forms as an economic alternative is expected to drive growth of the global coconut milk powder market during the forecast period. A powdered form of coconut milk offers an economic alternative to regular coconut milk. Besides, the powdered form has increased the shelf-life of coconut milk, thereby expanding its reach and use across the globe. A canned or tetra pack of liquefied coconut milk after being opened ranged somewhere around fewer than 10 days. On the contrary, the shelf life of powdered form of coconut milk is over 30 days. Since these products are processed using the evaporation process, it increases the shelf of these products. Thus, these factors are expected to drive growth of the global coconut milk powder market during the forecast period. Rising consumer awareness regarding the benefits of coconut milk is expected to boost the global coconut milk powder market growth over the forecast period.

However, high price of coconut milk powder is expected to restrain growth of the global coconut milk powder market during the forecast period. Among regions, Asia Pacific is expected to witness significant growth in the global coconut milk powder market during the forecast period. This is owing to rising demand from consumers across the region. Furthermore, Europe is expected to register a robust growth rate over the forecast period. This is owing to increasing demand for plant-based beverages and products with natural ingredients across the region.

Key companies operating in the global coconut milk powder market are Bramble Berry Inc., Nestlé Inc., King Arthur Flour Company, Inc., BareOrganics, Grace Foods Canada Inc., Dr. Ben Kim Natural Health Solutions, HEALTHWORKS, KOS, iTi Tropicals Inc., and Anthony’s Goods.

For instance, in July 2020, iTi Tropicals Inc., a U.S.-based supplier of tropical fruit juice concentrates and purees, introduced a 100% vegan coconut milk powder, which is free from food starches, emulsifiers, stabilizers, and other additives.

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Increasing number of cigar parlor and lounge around the globe has significantly boosted demand for cigars and cigarillos

 

Cigarillo usage is very common among younger adults in the US. Many younger individuals use cigarillos in place of cigarettes, cigarillos have no actual tobacco, instead, it is made up of marijuana that is rolled into a coil and smoked. Due to their availability, they provide a wide variety of flavors and packaging styles, especially compared to cigarettes. Cigarillos can also be smoked without any visible ash, which allows people to be used for smoking while traveling. Cigarillos can also be smoked without ash.

The rising number of cigar and cigarillo smokers around the globe is driving the market growth. The growing number of cigar parlor and lounge, across developed regions, is again contributing to market growth. Shifting women's preferences towards cigars and cigarillo is also projected to foster market growth. For instance, in June 2019, El Septimo Geneva SA, a La Grande Maison Younan Collection company, has introduced the Alexandra Collection: a new line of cigars designed exclusively for women. Growing manufacturer's focus towards expanding the distribution channel of premium cigar products in order to reach the target consumer is further anticipated to propel the market growth of cigar and cigarillo.

On the other hand, the high cost of cigars and cigarillos and growing health awareness among consumers are major factors restricting the market growth of the cigar and cigarillo.

North America is expected to gain significant growth over the forecast period and this is attributed to the presence of a high number of smokers in the region. According to the National Center for Chronic Disease Prevention and Health Promotion, in 2018, an estimated 12.2 million people in the United States aged 12 years or older (or 4.5%) were cigar smokers. In 2018, among middle and high school students who used cigars in the past 30 days, 43.6% reported using a flavored cigar during that time

Key Developments:

1.      In July 2019, Habanos, S.A., through its exclusive distributor for Switzerland, Intertabak AG, launch the new cigar band of the Punch brand, Short de Punch (clamp or diameter of 5 per 120 millimeters long).

2.      In June 2019, European company Royal Agio Cigars has collaborated with cigarmaker Litto Gomez of La Flor Dominicana fame for a new brand that will be showcased at Royal Agio’s. The new cigar is made at Gomez’s Tabacalera La Flor S.A. factory in the Dominican Republic and combines tobaccos from the inventories of both Gomez and Royal Agio

3.      In September 2019, Scandinavian Tobacco Group has announced the acquisition of all of the shares of Agio Beheer B.V. from Highlands Beheer B.V. Agio Beheer B.V. is the holding company of the Royal Agio Cigars group of companies

4.      In March 2019, Oliva Cigar Co. has expanded the production of its lighter-hued cigars, such as Oliva Connecticut Reserve. Moreover, Oliva also opened a new factory for making cigar boxes

 

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R&D in Biodegradable Diapers to Offer Lucrative Growth Opportunities for Players in Baby Diapers Market

 

Baby diapers are one of the most convenient products available in the market today. A diaper absorbs urine or feces, either for adults or children. The main types of baby diapers are disposable and plastic. A cloth diaper bag is disposable and is made of materials like cotton, satin, and spandex.

Market Dynamics

Increasing population is expected to propel growth of the baby diapers market. For instance, according to projections by Population Reference Bureau (PRB) included in the 2018 World Population Data Sheet, the world population is expected to reach 9.9 billion by 2050, up 2.3 billion or 29% from an estimated 7.6 billion people in 2018.

R&D of biodegradable diapers is expected to offer lucrative growth opportunities for players in the baby diapers market. For instance, in July 2019, Huggies launched Huggies Special Delivery, with a liner and waistband made from plant-based materials, including sugarcane that provides better absorption and fit.  

Decreasing birth-rate is expected to hinder growth of the baby diapers market. For instance, according to National Vital Statistics System, the provisional number of births for the U.S. in 2018 was 3,788,235, registering a decrease of 2% from 2017 and the lowest number of births in 32 years.

Asia Pacific is expected to witness significant growth in the baby diapers market, due to increasing rate of hospital delivery. For instance, according to the National Health Commission, China's rate of hospital delivery remained over 99% in recent six years, and the percentage in rural areas has seen a rise from 51.7% in 1996 to 99.8% in 2018. Moreover, increasing urban population is also expected to aid in growth of the market in Asia Pacific. For instance, according to Macrotrends LLC, China urban population for 2018 was 823,827,650, a 2.52% increase from 2017.  

Competitive Analysis

Major players operating in the baby diapers market include, Kimberly-Clark Corporation, Procter and Gamble, Unicharm Corporation, Offspring Inc., Svenska Cellulosa Aktiebolaget SCA, Kao Corporation, Johnson & Johnson Services, Inc, Nobel Hygiene, Bummis, Fujian Shuangheng Group Co., Ltd., and Bumkins.

November 2020: Offspring Inc. collaborated with Uniqlo Co., Ltd. is a Japanese casual wear designer, manufacturer and retailer, to launch chlorine-free fashion diapers with a new range of collection themed Story Time in 17 Uniqlo Malaysia outlets.

October 2020: Procter and Gamble announced that Pampers Pure diapers now include a plant-based liner, enriched with shea butter, designed to protect and care for baby’s skin.

 

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Ambulatory surgical facility – an affordable and better treatment option?

 

An ambulatory surgical facility (ASC) is basically a medical facility that is dedicated to providing medically required surgical services to an outpatient patient in the outpatient setting while being attended by a board-certified, experienced doctor. There are various types of ASCs, each with its own set of specialized services. Generally, an ambulatory surgery center provides procedures such as abdominal hysterectomy and oophorectomy, breast reduction, breast augmentation, and rhinoplasty, and face lift surgeries. However, these can also include cosmetic surgery like eyelid or nose lifts, breast reconstruction, facelifts, brow lifts, brow implants, facelifts, and Botox and other cosmetic procedures. The most common type of outpatient surgical facility found in an ambulatory surgery center is a general surgery hospital.

The increasing burden of chronic disease and the need to reduce healthcare costs is a prime factor fueling the market growth of ambulatory surgical centers. The rise in the geriatric population coupled with the growing demand for outpatient surgery centers as it offers affordable treatment for patients is again propelling the market growth. Favorable reimbursement policies and increasing focus on healthcare infrastructure for improving patients care facilities are further anticipated to augment the market growth of the Ambulatory Surgical Centers. Moreover, the incorporation of IT solutions such as telehealth, mhealth, and remote patient monitoring is also projected to augment the market growth.

North America is expected to gain significant growth over the forecast period and this is attributed to the high burden of chronic disease in the region.  According to the National Health Council, chronic diseases affect around 133 million Americans, representing more than 40% of the total population of this country. By 2020, that number is projected to grow to an estimated 157 million, with 81 million having multiple conditions.

Key Developments:

1.      In July 2020, Stryker launched an Ambulatory Surgery Center-focused business. It will offer thousands of unique products spanning more than 20 procedural specialties, and a wide range of flexible financial options

2.      In February 2020, Attainia, the provider of cloud-based software for medical equipment planning, announced that Sovereign Healthcare has selected Attainia’s new equipment planning solution to manage their fast-growing, high-volume medical equipment planning needs for their ASC (ambulatory surgery center) projects.

3.      In November 2019, Johns Hopkins Opens One of the Largest Ambulatory Surgery Centers in Maryland. The 110,000-square-foot, the three-story building offers a wealth of surgical services. These include minimally invasive general surgery, breast surgery, endocrine surgery, and pediatric general surgery. 

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Increasing stress level among people due to hectic lifestyle is opening new opportunities for the market of spa

Spa treatments are the major services offer spa treatments such as body scrubs and facials, both of which have different purposes. For example, a body scrub may be used to cleanse the skin and prepare it for a deep tissue massage. A facial may be used as a light moisturizer.

The hectic lifestyle of people is creating a need for fitness, peace of mind, and wellness services. This in turn is fueling the market growth of Spa. According to the Global Wellness Institute, the global wellness economy is valued at $4.5 trillion in 2018. These services help in reducing stress, detoxifying the body, treating medical ailments, and reducing weight. Growing innovation in spa service such as hybrid spa technology is again fueling the market growth. Hybrid technology uses less amount of carbon and other chemicals. This is further propelling the market growth of the spa. The rise in urban population is another major factor augmenting the market growth of the spa. According to the United Nation, in 2018, 55% of the world’s population live in urban areas, a proportion that is expected to increase to 68% by 2050.

North America is expected to gain significant growth over the forecast period and this is attributed to the strong presence of spa facilities in the region. According to the Salt Therapy Association, there are over 87,000 Spas in the US generating $73 billion annually. There are over 26,000 yoga/Pilates facilities that generated $4.7 billion and are anticipated to double by 2017.

Key Developments:

In September 2020, International spa brand ESPA launches In India. ESPA offers a wide variety of highly acclaimed products, with favorites including the Optimal Skin Pro-Cleanser, Hydrating Cleansing Milk, Overnight Hydration Therapy, and Pink Hair and Scalp Mud.

In February 2020, Spavia, a renowned innovator of spa experiences, has reshaped the spa market once again by announcing the launch of Spavia 2.0. Spavia 2.0 has also announced a total revitalization that is centered on three destination themes: Caribbean (ocean), Aspen (mountain), and Napa (wine country).

In March 2019, Luxury Ayurveda brand Spa Ceylon has launched its new De-Stress Collection of health and wellbeing products designed to help ease stress and promote natural harmony and chakra balance.

In June 2018, Casa Angelina located on the Amalfi Coast of Italy has announced the launch of a new luxury spa: PEAKLIFE

In October 2020, Blu Spas announced the launch of several new proprietary concepts, such as Blu Galaxy, a modern wellness experience, and other immersive wellness technologies.

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Asia Pacific Is Expected To Witness Robust Growth in the Skin Care Products Market

 

Skin care products are used to maintain the texture of the skin, enhance its appearance, and cure skin conditions. They provide essential nutrition to the skin, while products such as sunscreen lotions protect the skin from harmful UV-radiations and help prevent skin cancer. Moreover, skin care products are used for different skin related concerns such as skin integrity, skin beautification, and skin treatments. These products contain medicinal herbs, chemical ingredients, and natural elements. Skin care products help brighten the skin, rejuvenating cells, and prevent wrinkles. Both medical and cosmetic products constitute the skin care market. Medical products help in dealing with skin related problems (such as rashes), while cosmetic products help enhance beauty.

Increasing demand for skin care products worldwide due to benefits, such as prevention of skin diseases and skin cancer, is expected to propel the skin care products market growth. According to the World Health Organization (WHO), around 2 to 3 million skin cancers (non-melanoma) and 132,000 skin cancers (melanoma) are reported globally each year. Moreover, in 2018, around 900 million individuals were affected by skin diseases. Growing personal care industry is driving the skin care products market growth. For instance, according to Statista, South Korean consumers spent around US$ 276 per capita on beauty products in 2019. Moreover, in 2017, U.S. consumers spent around US$ 26 to US$ 60 on skin care products per month.

A recent trend in the skin care products market is the increasing use of online platforms to reach a broader consumer base. Another noticeable trend in the market is the increasing popularity of organic skin care products without synthetically derived chemicals. Companies are launching new products made from natural or organic ingredients to attract consumers. For instance, in June 2020, Unilever announced the next step in the evolution of its skin care portfolio to a more inclusive vision of beauty. Such products are witnessing significant sales, although expensive, all over the world due to the increasing awareness among people about the possible side effects of chemical-based skin care products.

In terms of geography, the skin care products market is divided into six regions, such as North America, Asia Pacific, Europe, South America, the Middle East, and Africa. Asia Pacific led the skincare products market in 2018 and is expected to rise due to new advances, increasing demand for skin care products, rapid urbanization, and growing awareness towards advanced skin care products. For instance, in 2019, Kao Corporation (Japan) unveiled the first cosmetic product making use of its cutting-edge Fine Fibre Technology to moisturize and protect the skin. Moreover, the company unveiled a moisturizing facemask made of fibers one-100th the thickness of a human hair.

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North America to Witness Significant Growth in Organic Farming Market, Owing to Increasing Sales of Organic Food in the Region

 

Organic farming is a way of growing food that has no use of any chemical fertilizers, pesticides or herbicides and focuses on improving the soil. Organic agriculture is basically an organic farming system that started in the mid-twentieth century as a response to the rapid change in agricultural practices worldwide. It aims at improving the productivity of the farmers while reducing their ecological footprint.

Organic farming is primarily based on organic agricultural soils and involves the use of compost made from plant material, manure from livestock and the products of animal husbandry. Organic farmers are required to grow food without the use of any artificial chemical fertilizer or pesticides and to fertilize their fields with compost as well as natural plants. Certified organic farming accounts for about 70% of all agricultural land in the world, with the largest concentration in Australia.

Market Dynamics

Launch of organic fertilizers is expected to propel growth of the global organic farming market. For instance, in May 2019, Agroplasma Inc. launched Ferticell Explorer 10-0-0. It is certified by the California Department of Food and Agriculture Organic Input Materials.

North America is expected to witness significant growth in the organic farming market, owing to increasing sales of organic food in the region. For instance, according to 2019 Organic Industry Survey by the Organic Trade Association, Organic food sales in the U.S. increased 5.9% in 2018 to reach US$ 47.9 billion and organic food sales made up 5.7% of overall food sales, which rose 2.3% in 2018

Asia Pacific is also expected to witness significant growth in the organic farming market, owing to increasing sales of organic food in the region. For instance, according to India Brand Equity Foundation, organic food business in India is expected to reach US$ 130 million by 2025. Similarly, in July 2018, Matco Foods, a Pakistan-based rice exporter, partnered with Ciranda Inc. for the distribution of the company’s organic brown rice syrup and organic clarified brown rice syrup in the U.S.

Competitive Analysis

Major players operating in the global organic farming market include, Picks Organic Farm, Organic Farmers Co., Tradin Organic Agriculture B.V., The Indian Organic Farmers Producer Company Limited (IOFPCL), Bayer AG, Camson Bio Technologies Limited, and ZUWA Organic Farms Pvt Ltd among others.

April 2019: Tradin Organic Agriculture B.V., the Netherland-based manufacturer of organic food ingredients, acquired Sanmark B.V., a wholly-owned subsidiary of Sanmark Corporation that distributed Sanmark Corporation’s products to European customers in the dietary supplement, health food, and personal care industries.

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