Bakery Ingredients Market Expected to Reach $11,225 Million, Globally, by 2023

Bakery Ingredients Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global bakery ingredients market was valued at $7,772 million in 2016, and is projected to reach at $11,225 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. In 2016, the bread segment accounted for more than half of the share by value in the global market.

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Bakery ingredients are the building blocks of the finished bakery foods such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Consumer trends for eating healthy and convenient food is one of the primary factors boosting the growth of the market. Prominent players and large corporates are developing their products to follow the consumer trends and boost the company growth to occupy major market share.

The global bakery ingredients market is driven by factors such as busy lifestyles of people, which needs convenient, easily accessible, and time saving bakery products. Moreover, change in culture and growth in demand for Western-style diets in the developing nations along with rise in trend for low trans-fat & gluten-free products fuel the market growth. In addition, alarming obesity rates and increase in fitness-related concerns of population have shifted the interest of consumers toward healthier bakery food items. However, preference to healthier cereals, such as oats than baked products and stringent regulations & international quality standards hamper the market growth. The potential market for frozen foods along with efforts of the key players to innovate & manufacture heathier food items, reduce production costs, and increase shelf life of products are anticipated to provide lucrative opportunities to the market players.

The emulsifier segment dominated the global market with nearly one-fourth share of the overall revenue in 2016. The fiber segment is expected to witness significant growth during the forecast period, owing to the associated health benefits. In addition, it accounted for the second highest market share in 2016. The enzymes segment is expected to grow at the highest CAGR during the forecast period. North America and Europe accounted for more than 60% share of the market in 2016, owing to the presence of different varieties and large-scale consumption of bakery ingredients.

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Key Findings of the Bakery Ingredients Market:

• The enzymes segment is projected to witness the highest CAGR of 9.1%, in terms of revenue, during the forecast period.
• Europe is expected to dominate the global market by 2023 due to high per capita consumption and increase in demand for new & healthier variety of bakery ingredients.
• The bread segment accounted for the highest value share of around 70% in 2016, and is expected to grow at a decent CAGR during the forecast period.
• Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to growth in population and rise in disposable income.
• The fiber segment is anticipated to occupy the highest market share by 2023, owing to its second highest CAGR and several health benefits offered.

In 2016, North America and Europe collectively accounted for around two-thirds share of the global market, and are anticipated to maintain a dominant position in the market throughout the forecast period. This is attributed to the high consumption rates, rise in health-conscious population, and increase in popularity of various bakery ingredients types.

The key companies profiled in the report include Cargill Incorporated, Koninklijke DSM N.V., Associated British Foods plc., Kerry Group, DuPont, Lesaffre, Muntons plc., LALLEMAND Inc., Bakels, and Dawn Food Products, Inc.

Global Semiconductor Laser Market 2014-2022| Advent of 3D Printing Using Lasers to Encourage Progress| Allied Market Research

Global Semiconductor Lasers Market by Type and End User Application: Opportunity Analysis and Industry Forecast, 2014-2022, the semiconductor lasers market is expected to reach $8.9 billion by 2022 from $5.5 billion in 2015, growing at a CAGR of 6.9% during the forecast period. In 2015, Asia-Pacific dominated the overall market with over 38% share and is anticipated to continue this trend during the forecast period.

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Semiconductor laser is a type of solid-state laser light producing device that differs from conventional lasers on the basis of mechanism used for light amplification. In a semiconductor laser, the active semiconductor components are used for amplifying the light which enables it to have compact size. In addition, it requires less power and is more efficient as compared to conventional laser.

The rise in demand of semiconductor lasers in defense sector, increased usage in medical sector, dedicated assembly, and low tolerance for packaging error fuel the market. However, the market growth is largely restrained by reliability issues and complexities in testing processes. Although, increase in demand for data storage where semiconductor lasers are used opens new opportunity for the players.

In 2015, fiber optic laser (FOL) contributed over 40% market sharethe largest in terms of revenue. FOL serves analog and digital fiber communications, radio frequency links, and research applications. The laser allows link length of over 30km and does not require any amplifiers or signal distribution to multiple receivers as the power levels in lasers are higher than the conventional signal sources. However, green laser is anticipated to grow at a faster CAGR of 8.34% during the forecast period.

By end user application, the communication segment held over 30% revenue share and dominated the semiconductor lasers market in 2015. Green lasers can be used for a variety of roles such as pointing devices. Its ability to form a line in the dark has led to its usage as rescue lights as it can be seen from miles. In addition, it has been used for laser light shows and sky gazing as a person can pinpoint a star by using the green laser. It can also be used as a laser pointers for guns and rifles.

By geography, Asia-Pacific dominated the global semiconductor lasers market with over 35% share in overall revenue; followed by North America, Europe, and LAMEA. Furthermore, it is anticipated to grow at the highest CAGR of 8.2% during the forecast period.

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Key Findings of the Semiconductor Lasers Market

• Fiber optic laser segment dominated the market in 2015, with over 45% of market share. However, green laser and HPDL is expected to grow at a higher CAGR of 8.3%, during the forecast period.
• Communication application segment accounted for over 32% of the market in 2015.
• LAMEA is anticipated to be among one of the fast growing regions owing to the presence of rapidly growing automotive industry.
• Asia-Pacific dominated the market in 2015 due surge in demand for semiconductor lasers in China, South Korea, and Japan.

Machine Vision System Market Expected to Reach $18.7 Billion, Globally, by 2022

Machine Vision System Market, published by Allied Market Research, forecasts that the global market was valued at $10.6 billion in 2015 and is projected to reach $18.7 billion by 2022, growing at a CAGR of 8.7% during the forecast period 2016-2022 .Industrial segment held the highest share of the total market in 2015.

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Machine vision systemhave evolved rapidly to accelerate high performance for production line monitoring system and automated guidance of industrial robots. Continued evolution of CMOS image sensors and rise in demand for automation in industrial applications are the factors that drive the growth of the market. However, intensive training and education, an essential requirement to enable entry of machine vision in newer markets restrain the market growth.

Machine vision systems have penetration in a wide range of industries, such as industrial, healthcare, electronics, automotive, aerospace & defense, and many more. In 2015, industrial and electronics segments had more than 50% market share in the overall machine vision system market. The manufacturers of automated guided robots and vehicles incorporate advanced machine vision systems for applications such as positioning and identification to maintain a competitive advantage. From a growth perspective, Healthcare sector is expected to witness the highest growth, with a CAGR of around 12%, due to the increased investments by the market players for developing machine vision systems for applications, such as clinical diagnostics, in vitro diagnostics, and surgical lab automation, thus, enabling complex workflows.

Embedded system accounted for the highest share, i.e., 33.4%, of the overall machine vision system market size in 2015, owing to the constantly evolving machine vision software for image processing. Smart camera is expected to be the fastest growing component segment of the machine vision system industry, growing with a CAGR of 10.3%, owing to its incorporation in most of the upcoming machine vision systems.

In the system type segment, 1D measurement consumed the largest share followed by 2D measurement, while 3D measurement is expected to exhibit significant growth, with a CAGR of 13.2% during the forecast period. The growth of 3D measurement would be driven by the increase in demand of precision in production line monitoring and guidance.

Asia-Pacific held the highest machine vision system market share in 2015, generating more than half of the global market revenue. The region is anticipated to be the most potential investment area of machine vision system, with a high growth rate, exhibiting an increased demand due to rapid rise in sales of industrial robots and monitoring systems.

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Key Findings of the Machine Vision System Market

• Smart camera is expected to be the fastest growing component segment of the machine vision system industry, growing with a CAGR of 10.3% from 2016 - 2022
• 3D measurement is expected to exhibit the highest CAGR of 13.2% during the forecast period
• Flaw detection and verification applications are two of the fastest growing application segments in machine vision system market, together constituting more than half of the overall market revenue in 2015
• Industrial segment contributed over 29.0% of the overall market in 2015, and is expected to grow with a CAGR of 6.9% during the forecast period
• Europe is expected to be the fastest growing machine vision system market, and projected to grow at a CAGR of 11.8% during the forecast period

Several prominent players operating in the machine vision system market adopted partnership as one of their key growth strategies. Companies such as Cognex Corporation, Teledyne Technologies, Inc., Keyence Corporation, and National Instruments Corporation have introduced innovative and technologically advanced products to capture greater market share. Prominent companies profiled in the report include Texas Instruments, Inc., Basler AG, Baumer Optronic GmbH, Sick AG, Omron Corporation, Allied Vision Technologies GmbH, and others.

Global Fast Food Market is Expected to Reach USD 743,859 Billion in 2022

Fast Food Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $743,859 Million by 2022, registering a CAGR of 4.84% during the forecast period 2016-2022.

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Fast food is a term used for easily prepared, processed food served in snack bars and restaurants as a quick meal or to be taken away. It is a quick and low-price meal alternative for home-cooked food. The global fast food market is poised to witness significant growth during the forecast period, owing to increase in number of fast food restaurants and working women, rise in tech-savvy ordering options demand for international cuisines, and change in consumer taste and preference. Change in consumer taste and preference is a key impacting factor in the fast food market. However, factors such as high setup cost of restaurants and rise in health concerns among fast food consumers hamper the market growth.

Based on the type of fast food, the market is segmented into burgers/sandwiches, pizza/pasta, chicken, seafood, Asian/Latin American food, and others. The Asian/Latin American food segment generated highest revenue 2015, however, the burgers/sandwiches segment is expected to grow at the highest CAGR of 6.02% to reach during the forecast period.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The North American region is expected to grow at a CAGR of 3.66% during forecast period. However, LAMEA is an emerging market for fast food and is estimated to grow at a CAGR of 7.61%.

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KEY BENEFITS FOR STAKEHOLDERS

• The Asian/Latin American food segment occupied the highest share in 2015 and is estimated to grow at a high CAGR of 3.77%, in terms of value, during the forecast period.
• North America led the market for fast food, followed by Asia-Pacific, in 2015.
• The burgers/sandwiches segment is estimated to grow at the highest CAGR of 6.02%, in terms of value.
• U.S. is the leading market for fast food in the North American region, which is expected to grow at a CAGR of 3.73%, in terms of value.

The demand for new cuisines has increased worldwide owing to the advent of Internet, television shows, magazines, and newspaper that provide insights about various cultures. For instance, the taco being a Canadian dish, is a successful business in the U.S. Similarly, other cuisines such as Thai food and Chinese food are a great success worldwide.

The prominent players profiled in this report include McDonalds, Hardees, Pizza Hut, Dominos Pizza, Burger King, KFC, Subway, Dunkin Donuts, Firehouse Subs, and Auntie Annes.

Scrap (Waste) Metal Recycling Market Trend & Growth to Reach $446,472 Million, Globally, by 2022

Metal Recycling Market Report, Report, published by Allied Market Research, forecasts that the global market is expected to garner $446,472 million, registering a CAGR of 4.5% during the period 2016 - 2022. Moreover, Asia-Pacific is expected to dominate the global market throughout the analysis period, registering a notable CAGR of 5.2%.

 published by Allied Market Research, forecasts that the global market is expected to garner $446,472 million, registering a CAGR of 4.5% during the period 2016 – 2022. Moreover, Asia-Pacific is expected to dominate the global market throughout the analysis period, registering a notable CAGR of 5.2%.High rate of obsolescence, increase in energy savings with decreased GHG levels, accelerated industrialization and urbanization, and increased consumer awareness have driven the market growth. However, unorganized flow of waste metals and less scrap collection zones could have an adverse effect on the market.

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The metal recycling reduces future scarcity of high-value resources, generates economic value, minimizes greenhouse gas emission levels, and limits other environmental damage. Therefore, various government initiatives have also been undertaken for creating a conducive environment for recycling metal waste. For instance, in Japan under home appliances recycling law, the consumers of appliances such as refrigerators, air conditioners, and washing machines should dispose them to retailers or scrap traders for further recycling. In terms of scrap metal, market is classified into ferrous metals and non-ferrous metals. Some of the sources of scrap include automobiles, railroad tracks, ships, household appliances, and consumer electronics. Ferrous metals are expected to generate $252,117 million, dominating the market during the forecast period. However, non-ferrous metals are the fastest growing segment and is anticipated to grow at a CAGR of 4.9% by 2022. According to European Aluminum Foil Association (EAFA), the recycling rate of aluminum closures in Europe has increased to more than 50% owing to the collection and recycling schemes.

The Asia-Pacific region is likely to dominate the metal recycling market throughout the analysis period. Increase in urban population in China and India, growth in infrastructure construction and automotive industry, and increase in environmental consciousness among individuals are some of the factors that have strengthened the growth of Asia-Pacific metal recycling market. Moreover, according to the Bureau of International Recycling (BIR), Asia produces more than 70% of stainless steel. Therefore, the region is anticipated to generate $212,118 million by 2022 and is estimated to grow at a significant CAGR of 5.2% during the forecast period.

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Key Findings of the Metal Recycling Market:

• North America is projected to be the second fastest growing region, in terms of revenue, registering a CAGR of 4.6% during the forecast period.
• Building & construction industry, being one of the highest producers of waste material, had witnessed significant growth in 2014, and is anticipated to dominate the global market growing at the highest CAGR of 3.9%.
• Ferrous metal was the highest revenue contributor to the global market, with 57.6% share in 2014, and is expected to maintain its dominance throughout the forecast period.
• Market players have focused on adopting various strategies such as product launch, acquisition, and product innovation to expand their market outreach. For instance, on June 9, 2016, Nucor Corporation formed a joint venture with JFE Steel Corporation of Japan, to manage a plant in central Mexico for manufacturing and supply of galvanized sheet steel to the automobile industry. This joint venture helped Nucor Corporation to increase sales in the automotive market of Mexico.

The key market players profiled in the report include ArcelorMittal, Commercial Metals Company, SIMS Metal Management Limited, Nucor Corporation, Aurubis AG, European Metal Recycling Limited, Schnitzer Steel Industries, Inc., Dowa Holdings Co., Ltd., OmniSource Corporation, and Tata Steel.

Private: Global Smart Packaging Market Total Market Growing Upto $37,797 million by 2022

Smart Packaging Market: Global Opportunity Analysis and Industry Forecast, 2014-2022, the global smart packaging market size is estimated to reach $37,797 million by 2022, registering a CAGR of 7.8% from 2016 to 2022. Europe constitutes around 33.6% share in the global smart packaging market and is expected to remain dominant throughout the analysis period, registering a notable CAGR of 6.9%.

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Changes in lifestyle patterns due to rapid urbanization, particularly in emerging economies and growth in consumption of beauty products with advancement in technology drive the growth of the smart packaging market. In addition, the untapped geographical regions offer potential opportunities for the smart packaging market with the growth in hygiene concerns among consumers in these regions. However, high cost of active and intelligent packaging system is expected to hamper the global smart packaging market growth.

Healthcare or pharmaceutical industry and the medical packaging have witnessed quite a notable growth along with advances in technology. The integration of barcodes, RFID tags, or sensors is highly useful within the industry as it monitors authenticity of medicines and provides the patients, pharmacists, and other healthcare professionals with details about the expiry date, consumption, and dosages. In addition, smart packaging industry helps the healthcare sector to deal with challenges such as counterfeit and patient compliance, thereby providing complete security. Thus, this sector is projected to exhibit the fastest growth rate during the forecast period and hence increase the smart packaging market size.

The types of the smart packaging industry are active packaging, intelligent packaging, and modified atmosphere packaging. The personal care segment was the second-highest industry owing to growth in counterfeit concerns in cosmetics or personal care industry. Many of the multinational companies have initiated to integrate smart coding within the product. The smart coding technology will prevent counterfeit and provide authenticity to the product.

The smart packaging system is also expected to deliver value to technologically savvy consumers, such as tracking environmental conditions, monitoring freshness, and usage indicators.Asia-Pacific is expected to grow at the highest CAGR of 9.1% owing to the increase in urbanization and change in lifestyle of consumers in the developing countries, such as China, India, and Thailand. This is also responsible for increase in demand for smart packaging market in the region. However, Middle East is the second fastest growing region due to rise in per capita income of consumers, thereby resulting in high expenditures automotive, healthcare, personal care, and retail industry.

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Key Findings of the Smart Packaging Market:

*LAMEA is projected to be the second fastest growing region in the global smart packaging market, in terms of revenue, registering a CAGR of 8.5% during the forecast period.

*Intelligent packaging systems witnessed significant growth in global smart packaging market in 2015, and is anticipated to grow at the highest CAGR of 9.6%.

*Thermochromic ink in intelligent system, was the highest revenue contributor to the smart packaging market with 46.4% share in 2015, and is expected to maintain its dominance throughout the forecast period.*Gas scavenger in active packaging, is the fastest growing system witnessing a considerable CAGR of 10.5%.*Healthcare industry is the fastest growing smart packaging industry segment, registering a CAGR of 10.0% during the forecast period.*The key smart packaging industry players profiled in the global smart packaging market report include 3M, TempTime Corporation, PakSense, American Thermal Instruments, Avery Dennison Corp., R.R. Donnelly Sons & Company, BASF SE, International Paper, Stora Enso, and Thin Film Electronics ASA.

Global Passenger Information System Market Focus on Industry Growth,Size,Share,Trends Forecast By 2025

Passenger Information System Market by Component, Solutions, and Mode of Transportation: Global Opportunity Analysis and Industry Forecast, 20182025, the global passenger information system market was valued at $13,703 million in 2016, and is projected to reach at $45,679 million by 2025, growing at a CAGR of 14.60% from 2018 to 2025.

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Rise in demand for real-time transit information solutions for the passengers, increased adoption of smartphones, increased penetration of IoT solutions in transportation sector, and advancements in telecommunication offerings are anticipated to drive the growth of the global passenger information system market. In addition, surge in adoption of cloud and big data technologies is expected to create lucrative opportunities for the growth of the market. However, high cost associated with implementation, managing the passenger information and dearth of advanced infrastructure facilities among the developing economies of Asia-Pacific and LAMEA for installing these systems are anticipated to hamper the market growth during the forecast period.

Based on mode of transportation segment, the roadway segment led the passenger information system market in 2016, and is projected to maintain its dominance in the future. However, the railway segment is expected to witness the highest growth, owing to its increased need of passenger information system to provide accurate and reliable updates to railway passengers before and throughout their journey.
The global passenger information system market was led by the North America in 2016, and is projected to maintain its dominance during the forecast period. However, the Asia-Pacific is anticipated to witness the fastest growth, registering a CAGR of 20.20% during the forecast period.

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Key Findings of the Passenger Information System Market :
*The services segment is expected to exhibit significant increase in terms of revenue during the forecast period.
*In 2016, the roadway segment accounted for the highest revenue among the other modes of transportation.
*Passenger information display system generated the highest revenue in 2016.
*Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Some of the key players operating in the passenger information system market include Alstom, Cubic Corporation, Hitachi, Ltd., Indra, Mitsubishi Electric Corporation, Siemens AG, Singapore Technologies Electronics Limited, Teleste Corporation, Thales, and Toshiba Corporation.