Paints & Coatings Market is Projected to Reach $227.70 Billion by 2025

The global paints and coatings market is anticipated to exceed USD 227.70 billion by 2025, according to a new report by Grand View Research, Inc. The global market is anticipated to achieve moderate growth over the forecast period. The demand of these products globally is expected to increase owing to growth of applications from end-use industries, architecture segment, regional demand, changing consumer preference for bio based products and technological advancements.

Increasing applications from end-use industries such as aerospace, automotive, general industries, marine and wood have augmented the growth of the market. Architectural sector is the other parameter that has majorly driven the global industry. The growth of architectural coats is attributed to growing construction spending in emerging regions.

The industry is a highly regulated industry due to presence of volatile organic compounds in these products which are harmful for the environment. However, the industry has witnessed a huge shift towards green and bio-based products in the form of powder based and waterborne formulations.

Waterborne coatings were the largest product segment in 2016 with demand of over 17.0 kilo tons in 2016 and is expected grow substantially over the forecast period owing to increasing demand from several application segments including construction, furniture and automobile industries. Product demand is anticipated to increase owing to increased construction spending and consumer preference especially in developed nations of Asia Pacific region for eco-friendly formulations.  

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Further key findings from the report suggest:

• Global paints and coatings demand was 45.40 million tons in 2016 and is expected to grow with a CAGR of around 4.2% to reach a total volume of 65.81 million tons by 2025
• Polyurethane is projected to be the fastest growing material segment in the industry
• Architectural segment was the largest end-use segment however it is expected to grow moderately over he forecast period  
• General industrial sector is expected to emerge as the largest non-architectural end-use segment by 2025
• The market in Central and South America is anticipated to grow at a CAGR of over 5% from 2017 to 2025
• Technological advancements attributing to the growth of coats & vanishes include products manufactured by Nano technology and Fluro-additives. These innovative products provide enhanced application outcomes due to their excellent properties and enhanced tolerance levels towards weather-ability as compared to other conventional counterparts.
• Major global players operating in the industry include BASF SE, PPG Industries, Sherwin-Williams Company, AkzoNobel, Axalta Coating System, Valspar Corporation, Kansai Paint, RPM International Inc., Nippon Paint Holdings, and Jotun Group                 

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-paints-coatings-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Vanillin Market Finds Application in Flavoring Agent in Food Products & Aromatic Additives for Incense

The global vanillin market is expected to reach USD 724.5 million by 2025, according to a new report by Grand View Research, Inc. Increasing consumption of food & beverage products has been a key factor driving market growth, globally. In addition, robust growth in various end-use industries such as food & beverage, fragrance, cosmetics, and pharmaceuticals is also fueling the demand.

Vanillin is an essential aromatic compound extensively used to enhance the aroma and flavor of the different end-use products. Vanilla beans constitute pleasant smell, that occurs naturally in vanilla beans. It is widely used as flavoring agent in food products and aromatic additives for incense, perfumes, medicines, candles, and air fresheners. Due to an ability to enhance flavor in food products coupled with low-calorie content and high availability of antioxidants in vanillin, its demand from food & beverage segment is anticipated to increase over the forecast period.

Food & beverage accounted as the largest end-use segment in 2016 and is anticipated to grow significantly over the upcoming years. Growing demand for variety food products is encouraging manufacturers to produce vanillin products from a sustainable source.

Fragrance segment is expected to witness the fastest growth in terms of volume over the forecast period with an estimated CAGR of 6.0% from 2017 to 2025. Increasing consumer spending on beauty and personal care products along with growing usage of aromatic products in various fragrance application products are anticipated to fuel the growth of the market over the forecast period. In addition, increasing usage of fragrance products in the emerging economies such as India, China, the U.S., and Brazil is expected to increase the demand further.

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https://www.grandviewresearch.com/industry-analysis/vanillin-market

Further key findings from the report suggest:

• The global vanillin demand was 18,653.9 tons in 2016 and is expected to grow at a CAGR of 6.2% from 2017 to 2025. Food & beverage emerged as the largest end-use segment in 2016 and is estimated to generate revenue worth USD 448.5 million by 2025.
• Global demand in fragrance was USD 106.6 million in 2016 and is anticipated to witness staggered growth over the next eight years. The U.S. market in pharmaceutical segment was 446.7 tons in 2016 and is estimated to reach a total volume of over 617.7 tons by 2025
• The industry in Asia Pacific is projected to witness substantial growth over the next eight years owing to robust growth in various end-use industries, especially in the food & beverage market. In terms of revenue, the APAC market is expected to grow at a CAGR of 7.6% from 2017 to 2025
• Key players including Evolva S.A., Solvay S.A., International Flavors Fragrances, Inc., De Monchy Aromatics and Comax Flavors dominated the global market while accounting for over half of the total volume in 2015 

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-vanillin-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information: www.grandviewresearch.com

Chilled & Deli Foods Market Is Likely To Reach $267.70 Billion By 2025

The global chilled & deli foods market size is likely to reach USD 267.70 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.2% during the forecast period. Chilled & deli foods are witnessing increasing demand in the food & beverages industry, mainly owing to growing acceptance among consumers. The popularity of these products is largely associated with their ease of preparation, storage, and availability in retail outlets, which is expected to influence the global consumption patterns over the forecast years.

Pre-packaged products are likely to be the largest product segment for the chilled & deli foods market throughout the forecast horizon. Chilled & deli foods are among promising segments in the food & beverage sector with its increasing acceptance among consumers since the available product range caters to a wide range of requirements such as Kosher and organic. Moreover, staple food is also readily available as a frozen meal wherein, advancements in packaging have increased the convenience of such type of meals.

The demand for savory appetizers in the market is primarily driven by tastes and variety. While North America and Europe are the largest regions in terms of consumption, growth in these regions is lower than in the largely developing regions. Asia Pacific is poised to offer tremendous growth opportunities owing to increment in consumption per capita and increasing population catering to global supplies. Widening base of middle class population is also playing a pivotal role in the development of the regional market. The same is true in Africa, although the growth trajectory for savory is still lower than Asia Pacific currently.

Concerns among buyers regarding adverse health effects caused due to degradation of ready foodstuffs have been rising, thereby leading to increased requirement for maintaining freshness of products such as bread rolls, frozen desserts, and chocolates for a longer duration. Increasing requirement for baked goods and confectioneries in light of new product launches in frozen desserts and liquor chocolates is expected to fuel the demand for chilled & deli foods over the forecast period.

With increasing number of working-class population and changing lifestyles, retail stores are emphasizing on altering present state of display and focusing on products that have greater shelf life and capable of retaining quality while kept frozen. In emerging markets in Latin America, Southeast Asia, and Eastern Europe, relatively buoyant income growth is translating into greater affordability and inclination towards new goods and services.

The distribution channel for chilled & deli foods is largely pivoted to supermarkets & hypermarkets, convenient stores, specialty stores, and e-commerce portals capable of catering to a large consumer base. Some of the distribution channels involved in the marketing of chilled & deli foods are Waitrose Limited, Kroger, Walmart, Godrej Natural Baskets, and Wesfarmers Limited. E-commerce portals such as Big Basket, Graze, Raw to Door, and Planet Organic have been gradually gaining acceptance among new-age consumers over the past few years.

To request a sample copy: 
https://www.grandviewresearch.com/industry-analysis/chilled-deli-food-market

Further key findings from the report suggest:

• In terms of product, the pre-packaged products segment was valued at USD 40.54 billion in 2017. It is expected to expand at a CAGR of 5.8% over the forecast period
• Central & South America is projected to witness a growth rate of 4.3% over the forecast period, owing to increasing number of food retail chains in countries including Brazil, Venezuela, and Argentina
• Asia Pacific offers growing investment opportunities for chilled and deli food manufacturers, driven by high-potential customer base in the region
• Countries in APAC, especially India and China, are expected to observe remarkable growth during the forecast period. The overall region is expected to progress at a CAGR of 5.8%, primarily as a result of rising demand for exquisite chilled and deli foods
• Some of the key companies present in the market are Tyson Foods, Inc, Cargill Meat Solutions, Arthur’s Food Company, Gainsborough Chilled Foods Ltd, Ready Pac, and Winterbotham Derby.

For More Information: www.grandviewresearch.com

Flavonoids Market Scale To Reach $1.06 Billion By 2025

The global flavonoids market is expected to reach USD 1.06 billion by 2025, according to a new report by Grand View Research, Inc. Changing consumer lifestyles and rising demand for beauty & health supplements are expected to propel flavonoids consumption over the forecast period.

Developed countries such as Denmark, France, Australia, Belgium, Norway, and the U.S. are characterized by high cancer prevalence. Application of flavonoid as an anti-cancer drug is expected to be the major factor driving growth in these countries, over the forecast period.

Rising demand for convenience food products has increased utilization of flavonoids in functional food. Moreover, smoothing and antioxidant properties allow it to be used in the cosmetics industry for skin care applications. These are also being used to develop drugs for the treatment of various other diseases including diabetes and cardiovascular problems, prevailing worldwide, further increasing demand.

To request a sample copy: 
https://www.grandviewresearch.com/industry-analysis/flavonoids-market

Further key findings from the report suggest:

• Anthocyanins were the most commonly consumed flavonoids in 2015 with a market share of over 40% in 2015. Growing demand from the nutraceuticals and functional food segment is expected to drive this market over the forecast period.
• The functional beverages segment is expected to grow at a CAGR of over 12% from 2016 to 2025, in terms of revenue. Antioxidant properties of this product are now being introduced in non-alcoholic beverages including soft drinks, nutraceutical drinks, and energy drinks, propelling demand in this application.
• The flavonoids market in functional foods was valued over USD 130 million in 2015 on account of anti-diabetic and anti-carcinogenic properties which are expected to increase their consumption in nutraceutical and functional food products.
• North America demand is expected to rise on account of rapid economic development with the U.S. and Canada being major nutraceutical markets in this region, triggering growth over the forecast period.
• The market in Central & South America is projected to grow at the second highest CAGR of over 9% from 2016 to 2025, driven by growing demand from emerging economies such as Brazil and Argentina.
• In January 2016, Cayman Chemical Company, one of the leading manufacturers of this product, acquired Biomol GmbH, a Germany-based distributor of research reagent chemicals. This acquisition helped the company strengthen its position in Europe.

For More Information: www.grandviewresearch.com

Breakfast Cereal Market Is Anticipated To Grow At A CAGR Of 4.3% By 2025

The global breakfast cereal market size is expected to reach USD 54.31 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.3% during the forecast period. Growing adoption of convenience foods and rising health consciousness are likely to augment the demand for breakfast cereals over the forecast period.

Surging demand for on-the-go breakfast options such as biscuits and cereal bars is anticipated to stoke market growth. Besides this, expanding base of health-conscious consumers and rising purchasing power are estimated to provide a fillip to the market. In recent times, a large number of consumers are focused on reducing calorie intake by cutting down their portion sizes and replacing traditional breakfast options with breakfast cereals. Moreover, rise in vegetarianism is influencing the market positively.

With increasing demand for breakfast cereals, manufacturers are adopting newer technologies and equipment to enhance shelf life of products. Innovative enzyme technologies and bioprocessing coupled with high-pressure processing technology are being utilized to improve the overall safety, quality, and nutritional traits of oats-based foods.

Consciousness among people to consume healthy products, mostly in western countries, plays a vital role in generating demand. Rising awareness among people in emerging economies regarding health benefits associated with breakfast cereals is poised to create ample opportunities for new market entrants.

Breakfast cereals are distributed across the globe through three primary channels including supermarkets, convenience stores, and e-commerce. Supermarkets dominated the market in 2016 and held over 51.0% of the overall revenue. They offer tremendous benefits such as wide display, huge product lines, attractive product pricing, product promotions, and replacement options.

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https://www.grandviewresearch.com/industry-analysis/breakfast-cereals-market

Further key findings from the report suggest:

• Global sales of breakfast cereals are projected to reach 9.5 million tons by 2025 and exhibit a CAGR of 3.8% during the forecast period
• In terms of revenue, the ready to eat cereals segment is expected to register a CAGR of 3.8% over the forecast period
• Supermarket distribution channel dominated the global market with a share of over 50% in 2016. E-commerce distribution channels are increasingly attaining attention in emerging economies owing to rising penetration of internet and mobile phones
• Asia Pacific is likely to experience the highest CAGR of 7.0% in terms of revenue during the forecast period. Surging demand for breakfast cereals in the region can be attributed to rising geriatric population in Japan, China and Singapore and increasing disposable income and improving healthcare infrastructure in China, India, and Malaysia
• The market is highly competitive with presence of established market players such as B&G Foods, Inc.; Marico Limited; Bob's Red Mill Natural Foods, Inc.; Bagrrys India Limited; and PepsiCo, Inc.
• The Kellogg Company, Nestle SA, and Cereal Partners Worldwide, which is a joint venture between Nestle CPW and General Mills Inc., are working into a collaborative agreement along with the Australian Government and other public health groups to promote incorporation of healthy and nutritious food into diets of Australians.

For More Information: www.grandviewresearch.com