Artificial Intelligence
Chocolate Confectionery Market Size to Hit USD 145.17 Billion by 2026; Chocolate Specialists Such as Hershey and Nestle to Focus on Developing Innovative Offerings, Says Fortune Business Insights™
Pune, April 16, 2020 (GLOBE NEWSWIRE) — The global chocolate confectionery market size is set to reach USD 145.17 billion by 2026, exhibiting a CAGR of 3.50% during the forecast period. Rising focus by companies on improving chocolate processing and packaging processes will be a crucial factor in the growth of this market, says Fortune Business Insights™ in its recent report, titled “Chocolate Confectionery Market Size, Share & Industry Analysis, By Type (Dark, Milk, and White), By Category (Premium, Seasonal, and Everyday), and Regional Forecast, 2019 – 2026”. Efficient processing of chocolate items is an uphill task and many chocolate makers are taking efforts to develop sustainable techniques and innovations for chocolate and other confectionery items. For instance, Barry Callebaut partnered with the UK-based packaging expert James Cropper to effectively utilize waste by-products in the packaging process. Callebaut provided James Cropper with cocoa husk, which the latter converted into bio-recyclable paper packaging to be used by Callebaut to wrap their chocolates in. Furthermore, industry leaders are also engaged in integrating advanced technologies such as Artificial Intelligence and Blockchain to optimize agricultural processes involved in cultivating cocoa and coffee. Together, they are driving the chocolate confectionery market trends.According to the report, the value of this market stood at USD 110.67 billion in 2018. The report also provides the following:Comprehensive research into the different market drivers and trends;In-depth study of the various market segments;Detailed evaluation of the regional dynamics and competitive landscape of the market; andThorough assessment of the challenges the market currently faces and is likely to face in the future.
Market Driver
Proven Health Benefits of Dark Chocolate to Augment DemandChocolate products are not only pleasurable to the taste buds, but they also boast of a variety of health benefits, especially dark chocolate. A study published in Chemistry Central Journal revealed that compared to blueberries and acai berries as well as many other fruits, dark chocolate and cocoa have more antioxidants, flavanols, and polyphenols.Moreover, a bar of dark chocolate contains substantial amount of fiber, iron, and copper, along with a host of other minerals. Another study published by the National Institutes of Health suggested that dark chocolate reduces blood pressure as the flavanols present in them can stimulate the lining of arteries and lower resistance to blood flow. However, the debate is still ongoing whether the blood pressure-related benefits actually occur and to what extent. Nonetheless, the health advantages of dark chocolate products are largely undeniable, which favors the growth of this market.An Overview of the Impact of COVID-19 on this Market:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Innovation through Focused R&D to Stimulate CompetitionThe chocolate confectionery market report finds that the competition in this market is set to get redefined and reoriented as leading companies direct their energies towards enhanced R&D activities. This will enable them to create innovative products and cement their position in this market during the forecast period.
List of Key Companies Covered in the Chocolate Confectionery Market Research Report are:Mars, Inc.The Hershey CompanyMondelez InternationalFerrero SpANestle SAEzaki Glico Co., Ltd.Meiji Holdings Co., Ltd.HARIBO GmbH & Co. KGChocoladefabriken Lindt & Sprungli AGBarry Callebaut
Regional Analysis
North America to Have Commanding Lead in the Market; Asia-Pacific to Grow SteadilyWith a market size of USD 19.17 billion in 2018, North America is an attractive region for chocolate confectionery in the coming years, primarily owing to the deep passion for chocolate snacks and products among the people. Chocolates and other confectioneries are an integral part of festivals in the region as well as a popular choice for gifts and cultural events. Moreover, many manufacturers are customizing their products to meet the rising demand for premium and personalized chocolate items, which is elevating the market potential in the region.In Asia-Pacific, per capita consumption of chocolate products is increasing as a result of growing disposable income in the region. A large proportion of the young population and evolving taste preferences are having a considerable influence on the growth trajectory of the market in the region.
Quick Buy – Chocolate Confectionery Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100539
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesEmerging TrendsKey InsightsOverview on Chocolate Consumption PatternOverview on Global Cocoa ProductionSupply Chain and Regulatory AnalysisRecent Industry Developments – Mergers & Acquisitions, Expansions, Partnerships, and InvestmentsGlobal Chocolate Confectionery Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Size Estimates and Forecast By TypeDarkMilkWhiteBy CategoryPremiumSeasonalEverydayBy RegionNorth AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!
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Industry Developments:July 2019: Nestle declared that it has successfully created a novel 70% dark chocolate product wholly made from the cocoa fruit. The chocolate contains no added sugar as the only ingredients used are the cocoa bean and pulp. The product will be first introduced in Japan under the company’s KitKat brand.June 2019: The US-based chocolate maker Mondelez introduced a new variant of its beloved Cadbury Dairy Milk brand in India with 30% less sugar content. The product is developed to align with India’s food and beverage industry regulator FSSAI’s ‘eat right’ initiative for packaged foods.
Have a Look at Related Research Insights:Confectionery Market Size, Share & Industry Analysis, By Type (Chocolate, Sugar, and Gums), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Departmental Stores, and Online Retails), and Regional Forecast, 2019 – 2026Cocoa and Chocolate Market Size, Share and Industry Analysis By Product Type (Cocoa Butter, Cocoa Liquor, Cocoa Powder, Dark Chocolate, White Chocolate, Milk Chocolate, Filled Chocolate), By Application (Food and Beverage, Cosmetics, Pharmaceuticals & Others), and Regional Forecast 2018-2025Snack Food Products Market Size, Share and Global Trend By Product Type (Bakery Snacks, Frozen Snacks, Confectionery Snacks, Salted Snacks), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Online Channels, Convenience Stores), and Geography Forecast till 2026Nuts and Seeds Market Size, Share & Industry Analysis, By Type (Nuts, Seeds), By Application (Bakery and Confectionery, Beverages, Cereals and Cereal Products, Processed Dairy Products, Others (Infant Foods, Salads and Others)) and Regional Forecast, 2019-2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:
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Read Press Release: https://www.fortunebusinessinsights.com/press-release/chocolate-confectionery-market-9757
Artificial Intelligence
oToBrite Develops a Compact All-Weather Vision-AI Driver Monitoring System for the Commercial Vehicle Market
HSINCHU, May 9, 2024 /PRNewswire/ — oToBrite, a leading provider of vision-AI ADAS solutions, has successfully developed a compact all-weather vision-AI Driver Monitoring System (DMS). With a high-sensitivity automotive-grade global shutter image sensor, the system achieves outstanding Quantum Efficiency (QE), providing clear image quality day and night. With oToBrite’s proprietary secondary optical system, the overall combination effectively enhances the accuracy and reliability of the vision-AI algorithm in all weather conditions. The DMS has already been successfully delivered to heavy commercial vehicle manufacturers, mitigating the potential risks of traffic accidents.
oToBrite’s vision-AI DMS utilizes self-developed AI 3D facial landmark technology to identify over 100 driver IDs and recognize driving behaviors, including smoking, phone use, distraction, fatigue. The system remains effective even when drivers wear Level 3 sunglasses or coated glasses, without compromising the detection and recognition capabilities of vision-AI.
The vision-AI DMS features a 940nm infrared and high-QE sensor, coupled with oToBrite’s proprietary optical design, ensuring clear images in strong light conditions (>120K lux) or during nighttime driving. Additionally, oToBrite’s vision-AI technology optimizes facial image quality, ensuring accurate AI recognition whether driving against sunlight, backlight, or through tunnels.
Miniaturization is a significant trend in driver monitoring applications. oToBrite further emphasizes that, compared to many systems on the market requiring multiple LEDs for sufficient illumination, the DMS only needs one LED to meet the system’s image quality requirements. In terms of hardware technology, oToBrite’s secondary optical system adjusts the LED light source to any angle to meet light distribution needs. Concentrating the light source can double the illumination, producing more reliable images for AI recognition. This also reduces optical component usage, enhances image clarity, and saves installation space and system costs.
According to the 2023 market research report by Gii, the DMS market reached $1.3 billion in 2022, with an expected Compound Annual Growth Rate (CAGR) of 8.3% by 2028, reaching $20.8 billion. Currently, several countries are drafting or have implemented regulations, and driven by regulatory demand, oToBrite’s compact all-weather vision-AI DMS has begun mass production, contributing to achieving Vision Zero. Read more: http://www.otobrite.com/en/block/index/99
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949-certified clean room factory and many years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithms, ECU/domain controllers and automotive-grade/special purpose cameras.
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IP solution maximizes operational efficiency for leading automation company
LONDON, May 9, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today that OMRON has selected IPfolio™, an intellectual property management software from Clarivate to transform their IP operations. This solution will enable OMRON, a leading automation company to make smarter decisions and plan strategically using IP data and analytical insights.
With IPfolio’s help, OMRON will be able to better manage its IP assets and keep up with the rising number of filings and data volumes, while eliminating manual processes. The IP team at OMRON can enhance their analysis and collaboration with stakeholders by using insightful data visualizations. This can lead to increased productivity, deeper insights, and faster decision-making with confidence.
Gordon Samson, President, Intellectual Property, Clarivate, said, “Our IP Management Software integrates data and services to empower our clients to remove friction, enhance collaboration and make better informed decisions. We are confident that IPfolio will help OMRON simplify the process of managing IP assets across the entire lifecycle.”
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Jack Wan, External Communications [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/omron-selects-ipfolio-from-clarivate-302139322.html
Most people don’t know that, due to recent groundbreaking scientific advances, existing technology can read thoughts, implant dreams, scan memory, tell if a subject is in love, and hack brains for PIN codes.
LONDON, May 9, 2024 /PRNewswire/ — Announcing the establishment of the Institute of Neurotechnology and Law (INL) – the first organisation of its kind in the world, crafted in response to the swift advancements in neurotechnology and the emerging concerns over human rights and privacy.
The world is about to change. Yet whilst AI steals the headlines, recent extraordinary advancements in neurotechnology have gone largely under the radar.
That is why we have set up the Institute of Neurotechnology and Law.
“We are at a critical juncture in the evolution of neurotechnology. The possibilities for improving human life are immense, yet so are the risks to privacy and autonomy,” stated Founder Harry Lambert. “The Institute of Neurotechnology and Law is dedicated to ensuring these technologies enable human flourishing without compromising our moral and ethical principles.”
The institute has already garnered significant attention, attracting some of the world’s foremost experts in neurotechnology, neuroscience, ethics, and law. These distinguished panellists will collaborate to address the pressing issues at the intersection of technology and human rights, aiming to influence policy both domestically and internationally.
For more information about the Institute of Neurotechnology and Law, upcoming events, and membership details, please visit www.neurotechlaw.com.
Media Contact: [email protected]. 07982678044
View original content:https://www.prnewswire.co.uk/news-releases/first-of-its-kind-institute-of-neurotechnology–law-launches-in-the-uk-302140545.html
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