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.