Artificial Intelligence
Dairy Alternatives Market Size is projected to reach USD 65.33 billion by 2030, growing at a CAGR of 12.3%: Straits Research
New York, United States, June 08, 2023 (GLOBE NEWSWIRE) — A milk substitute resembles milk and can be consumed in the same ways as milk. Non-dairy beverages refer to a variety of substitutes, such as nut milk, grain milk, legume milk, and mock milk. Demand is expected to rise due to almond milk’s rising popularity and high calorie, protein, fiber, and lipid content. It is anticipated that almond milk will have a competitive advantage over its rivals over the projection period due to its superior taste and texture.
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Growing Numbers of Lactose Intolerance Cases Drives the Global Market
Lactose intolerance is a common hereditary condition in Southeast Asian populations. Consumers who are lactose intolerant prefer lactose-free, plant-based alternatives to boost their calcium and vitamin intake. The demand for dairy substitutes is also expected to rise due to growing consumer health concerns and rising disposable income in developed and developing countries. Rising consumer awareness of a healthy diet and rising demand for foods with lower cholesterol and fat content are predicted to open up new opportunities for market competitors during the anticipated period.
High Health related benefits of Dairy Substances Creates Tremendous Opportunities
It is advantageous to use coconut milk to treat arthritis because it is high in vitamins and minerals. It is one of the primary magnesium sources and helps maintain blood pressure. Due to millennials’ increased desire for coconut creams and yogurts, the market for dairy substitutes is expected to develop over the forecast period. Furthermore, those who struggle with obesity often prefer almond milk. It is healthier for weight management and has fewer calories than cow’s milk. The product is expected to gain increasing traction as a daily dietary supplement since, unlike cow’s milk, it prevents the growth of breast and prostate cancer cells.
Report Scope
| Report Metric | Details |
| Market Size By 2030 | USD 65.33 billion |
| Market Size in 2021 | USD 23 billion |
| CAGR | 12.3% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Source, By Product, By Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | The WhiteWave Foods Company, Blue Diamond Growers, Vitasoy International Holdings Limited, Eden Foods Inc., Nutriops S.L., SunOpta Inc. |
| Key Market Opportunities | High Health related benefits of Dairy Substances |
| Key Market Drivers | Growing Numbers of Lactose Intolerance Cases |
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Regional Analysis
Asia-Pacific is the most significant shareholder in the global dairy alternatives market and is expected to grow at a CAGR of 13.40% during the forecast period. The market in the region is expected to grow quickly as a result of the rising popularity of plant-based products. Parents are paying more attention to newborn nutrition and the quality of milk formula in light of previous food safety incidents. The market is expected to expand as disposable incomes increase and awareness of baby allergies grows over the forecast period. Growing health concerns have led to an increase in consumer preference for dairy alternatives that are lactose-free, low-fat, and gluten-free.
North America is expected to boost at a CAGR of 12.25% during the forecast period. Growing consumer desire for nutrient-dense plant-based foods is projected to have a favorable impact on market growth. As the prevalence of milk intolerance in North America increases, it is predicted that demand for non-dairy products like soymilk and almond milk will increase.
Europe is expected to grow significantly over the forecast period. The market for dairy substitutes is expected to grow as consumer demand for nutrient-dense plant-based diets increases. More milk allergies and health issues are associated with the hazardous substances added to dairy products, which is expected to increase demand for dairy alternatives like soymilk, almond milk, and rice milk. According to forecasts, the European dairy alternatives market will rise due to the region’s rising desire for nutritious foods and beverages. Manufacturers are also placing a lot of effort into developing new goods, like soy juice blends and fresh soy beverages.
Key Highlights
- The global dairy alternatives market size is estimated to reach USD 65.33 billion by 2030, growing at a CAGR of 12.3% during the forecast period (2022-2030).
- Based on the source, the dairy alternatives industry is bifurcated into soy, almond, coconut, rice, oat, and others. The soy milk segment is the highest contributor to the market and is expected to grow at a CAGR of 11.90% during the forecast period.
- Based on product, the dairy alternatives industry is bifurcated into milk, yogurt, ice cream, cheese, creamer, and others. The milk segment owns the highest market share and is expected to grow at a CAGR of 12.40% during the forecast period.
- Based on distribution, the dairy alternatives industry is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarket segment is the highest contributor to the market and is expected to grow at a CAGR of 11.90% during the forecast period.
- Asia-Pacific is the most significant shareholder in the global dairy alternatives market and is expected to grow at a CAGR of 13.40% during the forecast period.
Competitive Players
- The WhiteWave Foods Company
- Blue Diamond Growers
- Vitasoy International Holdings Limited
- Eden Foods Inc.
- Nutriops S.L.
- SunOpta Inc.
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Global Dairy Alternatives Market: Segmentation
By Source
- Soy Milk
- Almond Milk
- Coconut Milk
- Rice Milk
- Oat Milk
- Others
By Product
- Milk
- Yogurt
- Ice Cream
- Cheese
- Creamer
- Others
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
By Regions
- North America
- Europe
- Asia-Pacific
- LAMEA
TABLE OF CONTENT
- EXECUTIVE SUMMARY
- RESEARCH SCOPE & SEGMENTATION
- Research Objectives
- Market Definition
- Limitations & Assumptions
- Market Scope & Segmentation
- Currency & Pricing Considered
- MARKET OPPORTUNITY ASSESSMENT
- Emerging Regions / Countries
- Emerging Companies
- Emerging Applications / End Use
- Investment Landscape
- New Business Models / Revenue Streams
- TAM
- MARKET TRENDS
- Drivers
- Market Warning Factors
- Latest Macro Economic Indicators
- Geopolitical Impact
- Human Factors
- Technology Factors
- MARKET ASSESSMENT
- Porters Five Forces Analysis
- Value Chain Analysis
- Sales And Distribution Channel Analysis
- Average Pricing Analysis
- Patent Analysis
- M & A Agreements & Collabration Analysis
- Export Import Analysis
- ESG TRENDS
- GLOBAL DAIRY ALTERNATIVES MARKET SIZE ANALYSIS
- Global Dairy Alternatives Market Introduction
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- NORTH AMERICA MARKET ANALYSIS
- Introduction
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- U.S.
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- By Source
- Canada
- EUROPE MARKET ANALYSIS
- Introduction
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- U.K.
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- By Source
- Germany
- France
- Spain
- Italy
- Russia
- Nordic
- Benelux
- Rest Of Europe
- APAC MARKET ANALYSIS
- Introduction
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- China
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- By Source
- Korea
- Japan
- India
- Australia
- Taiwan
- South East Asia
- Rest Of Asia-Pacific
- MIDDLE EAST AND AFRICA MARKET ANALYSIS
- Introduction
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- UAE
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- By Source
- Turkey
- Saudi Arabia
- South Africa
- Egypt
- Nigeria
- Rest Of MEA
- LATAM MARKET ANALYSIS
- Introduction
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- Brazil
- By Source
- Introduction
- Source By Value
- Soy Milk
- By Value
- Almond Milk
- By Value
- Coconut Milk
- By Value
- Rice Milk
- By Value
- Oat Milk
- By Value
- Others
- By Value
- Introduction
- By Product
- Introduction
- Product By Value
- Milk
- By Value
- Yogurt
- By Value
- Ice Cream
- By Value
- Cheese
- By Value
- Creamer
- By Value
- Others
- By Value
- Introduction
- By Distribution Channel
- Introduction
- Distribution Channel By Value
- Supermarkets And Hypermarkets
- By Value
- Convenience Stores
- By Value
- Online Retail
- By Value
- Others
- By Value
- Introduction
- By Source
- Mexico
- Argentina
- Chile
- Colombia
- Rest Of LATAM
- COMPETITIVE ASSESSMENT
- Adoption Matrix
- Dairy Alternatives Market Share By Manufacturers
- Dairy Alternatives Market Ranking By Revenue For Manufacturers
- Average Price By Manufacturers
- Vendor Footprint Analysis
- MARKET PLAYERS ASSESSMENT
- The WhiteWave Foods Company
- Overview
- Business Information
- Revenue
- ASP
- Gross Margin
- Swot Analysis
- Recent Developmments
- Blue Diamond Growers
- Vitasoy International Holdings Limited
- Eden Foods Inc.
- Nutriops S.L.
- SunOpta Inc.
- The WhiteWave Foods Company
- RESEARCH METHODOLOGY
- Research Data
- Secondary Data
- Major Secondary Sources
- Key Data From Secondary Sources
- Primary Data
- Key Data From Primary Sources
- Breakdown Of Primaries
- Secondary And Primary Research
- Key Industry Insights
- Secondary Data
- Market Size Estimation
- Bottom-Up Approach
- Top-Down Approach
- Market Projection
- Research Assumptions
- Assumptions
- Limitations
- Risk Assessment
- Research Data
- APPENDIX
- Discussion Guide
- Customization Options
- Related Reports
- DISCLAIMER
Table of Content and Figure @ https://straitsresearch.com/report/dairy-alternatives-market/toc
Market News
- In April 2022, Wicked Foods, Inc., an American company that manufactures plant-based foods, unveiled its new line of plant-based ice creams and novelty items.
- In January 2022, Chobani LLC launched a new line of four-variety plant-based coffee creamers free of GMOs, artificial flavors, and sweeteners.
News Media
Global Non-dairy Creamer Market Growing at a Staggering CAGR of 7.2%
Global Butter Market Worth USD 65.9 Billion With a CAGR of 2.78%
Organic Rice Protein Market to Grow at a CAGR of 18.34% During 2022–2030
Have a Look at the Related Research Report
Pea Milk Market: Information by Flavor (Original, Unsweetened, Vanilla, Chocolate), Packaging Type (Bottles, Aseptic Cartons), and Regions—Forecast Till 2030
Oat Milk Market: Information by Source (Organic and Conventional), Product (Plain and Flavored), Packaging (Cartons and Bottles), Distribution Channel (Grocery Store, E-Commerce), and Regions-Forecast Till 2031
Coconut Milk Market: Information by Packaging Type (Plastic Bottles, Tetra Packs), Category (Organic, Conventional), End-Users (Household, Food Services), and Region — Forecast till 2030
Plant-based Food Colors Market: Information by Product Type (Carotenoid, Annatto), Application (Dairy Foods, Others), Form (Liquid and Powder), Region–Forecast till 2029
Plant-Based Meat Market: Information By Source (Pea, Wheat, Soy, And Others), Product (Burgers), Type (Chicken), End-User), Storage (Refrigerated), Region (North America) – Forecast Till 2031
About Straits Research Pvt. Ltd.
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Artificial Intelligence
Vantiva Powers New Vodafone Fiber Router and Wi-Fi 6 Mesh Extender to Enhance In-Home Broadband Experience
CPE leverages Vantiva’s Wi-Fi antenna expertise to connect more than 100 smart devices at ultra-high speeds
PARIS, May 20, 2024 /PRNewswire/ — Vantiva (Euronext Paris: VANTI), a global technology leader enabling Network Service Providers (NSPs) to connect consumers around the world, today announced that it has strengthened its longstanding partnership with Vodafone UK, the largest full fiber provider in the UK, with the introduction of the Wi-Fi 6 enabled Power Hub router and Super Wi-Fi 6 Booster. The customer premises equipment (CPE) leverages Vantiva’s Wi-Fi antenna expertise to offer intelligent Wi-Fi auto-optimization that automatically provides the fastest connectivity across all devices. The router and booster are designed to cost-effectively deliver a superior whole-home Wi-Fi experience to end-users with the ability to seamlessly connect more than 100 smart devices at speeds up to 910 Mbps.
“The introduction of the Power Hub router and Super Wi-Fi 6 Booster are the latest examples Vodafone UK’s continued leadership in bringing advanced connectivity solutions to its customers,” said Mercedes Pastor, Senior Vice-President of the Customer Unit, Eurasia. “This is a step forward in our long-time partnership delivering cutting edge solutions in this market. The outstanding Wi-Fi performance leverages all of Vantiva’s expertise from antenna design to unique testing environments to offer the best in-home wireless experience.”
Vodafone UK’s new Power Hub router is built for fiber-to-the-home network configuration and is easily adaptable for current and future in-home connectivity demands. The Super Wi-Fi 6 Booster works seamlessly with the Power Hub to give reliable coverage throughout the home and is compatible with both existing and previous versions of Vodafone gateways. The extender’s mesh Wi-Fi capability adapts the connectivity to give customers comprehensive Wi-Fi coverage.
As part of Vantiva’s commitment to developing eco-friendly products with low-carbon intensity, the device housing for these products was made from 95% recycled plastic. The packaging was designed using 85% recycled paper, printed with soy ink and uses no plastics.
Vantiva and Vodafone UK have been collaboratively bringing innovative solutions to market in multiple product platforms since 2018 and in fiber since 2022, when the two organizations introduced the first Wi-Fi 6E gateway in the UK, bringing high speed connectivity to homes across the country.
The Vodafone Power Hub Wi-Fi 6 router and Super Wi-Fi 6 Booster are the latest strategic milestones in Vantiva’s ongoing commitment to providing open and innovative technologies for NSPs and Pay TV operators. Vantiva’s goal is to bring seamless connectivity and premium entertainment experiences to consumers by creating best-in-class CPE and partnering with the most innovative companies in the connected home ecosystem.
Contact: Vantiva Press RelationsThatcher+Co. for [email protected]
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Artificial Intelligence
Life Science Equipment Market to be Worth $97.96 Billion by 2031 – Exclusive Report by Meticulous Research®
REDDING, Calif., May 20, 2024 /PRNewswire/ — According to a new market research report titled, ‘Life Science Equipment Market Size, Share, Forecast, & Trends Analysis By Technology (Spectroscopy, Microscopy, Chromatography (HPLC, GC, TLC), PCR, Immunoassay, Sequencing, Flow Cytometry, Microarray, Centrifuge) End User – Global Forecast to 2031,’ published by Meticulous Research®, the life science equipment market is projected to reach $97.96 billion by 2031, at a CAGR of 6.3% from 2024 to 2031.
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Life sciences encompass a wide range of fields, including biology, biochemistry, genetics, pharmacology, and many more. Laboratory equipment plays a critical role in conducting experiments, collecting data, and analyzing samples to further scientific research and advance our understanding of living organisms and their underlying mechanisms. Equipment is also necessary for quality checks and validation of manufactured drugs and biologics in the life sciences industry. The growth of the life sciences industry is driving the adoption of life sciences and laboratory equipment.
The growth of this market is attributed to several factors, including increasing pharmaceutical and biotech R&D expenditures, government initiatives supporting life sciences R&D, the increasing prevalence of chronic and infectious diseases, and growth in initiatives to control environmental pollution. Additionally, the growth in genomics and proteomics, the increasing awareness and growing adoption of personalized medicines, increasing automation and digitalization in the life sciences industry, and the increasing focus on food safety and quality are expected to provide significant opportunities for players operating in the market.
The report offers a competitive landscape based on an extensive assessment of the leading players’ product portfolios and geographic presence and the key growth strategies adopted by them in the last three to four years. In recent years, the life science equipment market witnessed several product launches, product enhancements, product approvals, partnerships, agreements, & collaborations, acquisitions, and expansions.
The key players operating in the life science equipment market are Agilent Technologies, Inc. (U.S.), Becton, Dickinson, and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), F. Hoffmann LA-Roche AG (Switzerland), PerkinElmer, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Waters Corporation (U.S.), Bruker Corporation (U.S.), Shimadzu Corporation (Japan), Siemens Healthineers AG (Germany), Eppendorf SE (Germany), Sartorius AG (Germany), and QIAGEN N.V. (Netherlands).
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Growing Awareness and Adoption of Personalized Medicine to Offer Opportunities for Players Operating in the Life Science Equipment Market
Personalized medicine, also known as precision medicine, is an emerging approach to patient care. Physicians choose a treatment method based on the patient’s genetic makeup (also considering genetic changes resulting from a disease) and lifestyle habits. It is an emerging disease treatment and prevention approach that considers individual variability in genes, environment, and lifestyle.
Precision medicine can remove the need for guesswork, variable diagnostic ability, and treatment strategies based on generalized demographics. Moreover, precision medicine enables a more holistic view of an individual patient. Precision medicine for clinical workflows helps facilitate more predictive and preventive care by bringing targeted therapies. There has been an increase in the adoption of personalized medicine in recent years. For instance, according to the Personalized Medicine Coalition, the share of personalized medicine has increased steadily in the total drugs approved in the U.S. by the FDA, from 28% in 2015 to 35% in 2021. The increasing awareness and adoption of personalized medicine are driving the demand for specialized laboratory equipment and technologies that enable precise and accurate genetic and molecular analysis.
Personalized medicine heavily relies on genetic testing, sequencing, analysis of genetic, genomic, and proteomic information, and biomarker identification and validation. This necessitates the use of advanced laboratory equipment, such as DNA sequencers, gene sequencers, PCR machines, real-time PCR systems, next-generation sequencers, mass spectrometers, immunoassay analyzers, and chromatography systems, to accurately derive the necessary results.
The life science equipment market is segmented by Technology [Spectroscopy, Microscopy, Chromatography, Lab Automation, Immunoassay Analyzers, PCR, Sequencing, Flow Cytometry, Incubators, Microarray, Centrifuges, Electrophoresis, and Other Equipment], End User [Pharmaceutical and Biotechnology Industry, Academic & Research Institutes, Hospitals and Diagnostic Laboratories, Analytical Testing Laboratories, Agriculture and Food Industry, Forensic Laboratories, and Other End Users), and Geography. The study also evaluates industry competitors and analyzes the regional and country-level markets. (Note: Apart from primary segmentation, Spectroscopy, Microscopy, Chromatography, Lab Automation, Immunoassay Analyzer, PCR, Sequencing, Flow Cytometry, Microarray, Centrifuges, and Electrophoresis have further level segmentation).
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Among the technologies included in the report, in 2024, the spectroscopy segment is expected to account for the largest share of 22% of the life science equipment market. The spectroscopy segment is further sub-segmented into molecular spectroscopy, atomic spectroscopy, mass spectrometry, and software. In 2024, the molecular spectroscopy segment is expected to account for the largest share of the spectroscopy market. Molecular spectroscopy is used to determine the composition of a material in an unknown chemical composition. It is used in various applications across food & beverage, environmental screening, pharmaceutical, and biotech industries. Therefore, the wide range of applications of molecular spectroscopy coupled with the growth of the life sciences industry, especially the pharmaceutical and biotech sectors, contribute to the large market share of this segment.
Among the end users included in the report, in 2024, the pharmaceutical and biotechnology industry segment is expected to account for the largest share of 32% of the life science equipment market. The largest share is contributed by several factors, including the increased demand for new drugs and therapies leading to extensive research and development activities, the need for technologically advanced equipment in the pharmaceutical and biotech industries, the rise in funding and investments in the pharmaceutical and biotech industry, and increased healthcare expenditure.
Among the geographies included in the report, in 2024, North America is expected to account for the largest share of 41% of the life science equipment market. North America’s major market share is attributed to the presence of key players, its well-established life science industry, and substantial spending on R&D activities by pharmaceutical and biotech companies. The U.S. is home to global top-ranking pharmaceutical companies. Companies like Johnson & Johnson, Pfizer, AbbVie Inc., Merck, and Bristol Myers Squibb are headquartered in the U.S. These companies have high R&D expenditure at increasing at a high rate each year. For example, Johnson & Johnson spent USD 14.7 billion on research and development in 2021, with a 21% increase over 2020.
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Scope of the Report:
Life Science Equipment Market Assessment—by Technology
SpectroscopyMolecular SpectroscopyUV/Vis SpectroscopyNuclear Magnetic Resonance (NMR)Near-Infrared (NIR) SpectroscopyInfrared (IR) SpectroscopyRaman SpectroscopyPolarimeters and RefractometersFluorescence & Luminescence SpectroscopyOther Molecular Spectroscopy TechnologiesNote: Other molecular spectroscopy technologies segment includes Raman spectroscopy, ellipsometry, and color measurement
Mass SpectrometryQuadrupole LC/MSTime of Flight LC/MS (Q-TOF & LC-TOF)Gas Chromatography-Mass Spectrometry (GC/MS)Fourier Transform Mass Spectrometry (FT/MS)Matrix-Assisted Laser Desorption/Ionization-Time of Flight Mass Spectroscopy (MALDI-TOF MS)Portable and In-Field Mass SpectroscopyTandem Mass Spectroscopy (MS/MS)Ion Trap Mass Spectroscopy (LC/MS)Atomic SpectroscopyAtomic Absorbance Spectroscopy (AAS)X-Ray Fluorescence (XRF) SpectroscopyX-Ray Diffraction (XRD) SpectroscopyOther Atomic Spectroscopy TechnologiesNote: Other atomic spectroscopy technologies segment includes inductively coupled plasma (ICP) spectroscopy, glow discharge spectroscopy, and arc/spark optical emission spectroscopy
Spectroscopy SoftwareMicroscopyElectron MicroscopyOptical MicroscopyScanning Probe MicroscopyOther MicroscopyMicroscopy SoftwareChromatographyHigh-Performance Liquid Chromatography (HPLC)Gas Chromatography (GC)Low Pressure Liquid Chromatography (LPLC)Flash ChromatographyThin Layer Chromatography (TLC)Ion ChromatographySupercritical Fluid Chromatography (SFC)Chromatography SoftwareLab AutomationAutomated WorkstationsRobotic SystemsAutomated Storage and Retrieval Systems (ASRS)Lab Automation SoftwareImmunoassay AnalyzersChemiluminescence ImmunoassayFluorescence ImmunoassayRadioimmunoassay (RIA)Colorimetric ImmunoassayOther Immunoassay AnalyzersImmunoassay SoftwarePCRRT-PCRConventional PCRDigital PCRPCR SoftwareSequencingFlow CytometryCell-Based Flow CytometersBead-Based Flow CytometersFlow Cytometry SoftwareIncubatorsMicroarrayDNA MicroarraysProtein MicroarrayTissue ArrayOther MicroarraysMicroarray SoftwareNote: Other microarrays segment includes glycan microarray, carbohydrate microarray, and chemical compounds microarrays
CentrifugesCentrifuges, by TypeDevicesMultipurpose CentrifugesMicrocentrifugesMini centrifugesUltracentrifugesOther CentrifugesCentrifuge AccessoriesCentrifuges, by ModelBenchtop CentrifugesFloor-standing CentrifugesCentrifuges, by ApplicationResearch ApplicationsGenomicsMicrobiologyCellomics ProteomicsClinical ApplicationsDiagnosticsBlood Processing and ScreeningOther ApplicationsElectrophoresisGel ElectrophoresisCapillary ElectrophoresisGel Documentation Systems and SoftwareOther EquipmentNote: Other equipment segment includes autoclaves, stirrers & shakers, mixers, baths, hot plates, ovens & furnaces, and balances
Life Science Equipment Market Assessment —by End User
Pharmaceutical and Biotechnology IndustryAcademic & Research InstitutesHospitals and Diagnostic LaboratoriesAnalytical Testing LaboratoriesAgriculture and Food IndustryForensic LaboratoriesOther End UsersNote: Other end users include blood banks and industries, such as cosmetics, chemicals, oil & gas, electronics & semiconductors, automotive, aerospace, ceramics, plastics, rubber, and paints & coatings
Life Science Equipment Market Assessment —by Geography
North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainSwitzerlandRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaSouth KoreaRest of APAC (RoAPAC)Latin AmericaBrazilMexicoRest of LATAM (RoLATAM)Middle East & AfricaSaudi ArabiaUAERest of Middle East & Africa (RoMEA)Unlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/26911858
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-researchContent Source: https://www.meticulousresearch.com/pressrelease/348/life-science-equipment-market-2031
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View original content:https://www.prnewswire.co.uk/news-releases/life-science-equipment-market-to-be-worth-97-96-billion-by-2031—exclusive-report-by-meticulous-research-302150104.html
Artificial Intelligence
Public Safety and Security Market to Reach $ 514.1 Billion by 2031- Exclusive Report by Meticulous Research®
REDDING, Calif., May 20, 2024 /PRNewswire/ — According to a new market research report titled, ‘Public Safety and Security Market by Offering (Safety Devices, Safety Software, Safety Services), Technology (IoT, AI, Cloud Computing, ML), Application (Data Gathering, Mapping, and 3D Imaging), End Use (Warehouses & Depots, Workplaces, Shopping Malls & Retail Stores) and Geography, the global public safety and security market is expected to reach $514.1 billion by 2031 from an estimated $ 234.2 billion in 2024, at a CAGR of 11.9% during the forecast period (2024–2031).
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The growth of the public safety and security market is driven by the growing utilization of AI, ML, and analytics technologies in public safety and security applications, increasing awareness and initiatives for public safety and security, and government focus on managing the needs of the rising urban population. However, the significant initial investments required to implement public safety and security solutions restrain the growth of this market. The integration of cloud computing and big data analytics in public safety and security solutions and the rising incidence of terrorism and security breaches are expected to generate market growth opportunities. However, the complexities in implementing advanced public safety and security systems and the rising cases of data theft are major challenges for market stakeholders.
The global public safety and security market is segmented by offering, technology, application, end use, and geography. The study also evaluates industry competitors and analyses the country and regional-level markets.
Based on offering, the global public safety and security market is segmented into safety devices, safety software, and safety services. In 2024, the safety services segment is expected to account for the largest share of 50% of the public safety and security market. The large market share of this segment is attributed to the increasing demand for specialized safety services to address specific safety and security challenges. Safety services such as critical infrastructure security, emergency medical, firefighting, and disaster management services are critical in ensuring the safety and well-being of citizens and critical assets.
Based on technology, the global public safety and security market is segmented into the internet of things, artificial intelligence, cloud computing, machine learning, cybersecurity, and other technologies. In 2024, the internet of things segment is expected to account for the largest share of the global public safety and security market. The large share of the segment is attributed to the rising demand for real-time data insights and improved situational awareness.
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Based on application, the global public safety and security market is segmented into data gathering, mapping and 3D imaging, threat detection, security and incident management, monitoring, fire and explosion examination, network security, and other applications. In 2024, the security and incident management segment is expected to account for the largest share of 18.5% of the public safety and security market. The large market share of this segment is attributed to the need to respond effectively to emergencies, the increasing adoption of smart city technologies, and the integration of IoT devices.
Based on end use, the global public safety and security market is segmented into warehouses & depots, workplaces, shopping malls & retail stores, schools & universities, hospitals & healthcare, residential, transportation, and other end uses. In 2024, the transportation segment is expected to account for the largest share of the global public safety and security market. The segment is estimated to contribute a revenue of USD 31.8 billion by 2024 in public safety and security market. The large share of this segment is attributed to the growing concern of terrorist threats and passenger safety. Advances in contactless ticketing and facial recognition for identity verification are driving the adoption of modern transportation security solutions. Furthermore, the implementation of AI-based video analytics for crowd monitoring contributes to the growth of this segment.
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Based on geography, the public safety and security market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 40% of the public safety and security market. The North America public safety and security market is estimated to be worth USD 95.4 billion in 2024. The large share of this region is attributed to the rising adoption of digital technology and data due to the growing need for improving decision-making, promoting digital inclusivity and equity, creating a collaborative ecosystem, prioritizing citizen safety and health, establishing trust and transparency, and developing resilience and adaptability to manage change effectively.
However, the Europe public safety and security market is slated to register the highest CAGR of the global public safety and security market during the forecast period.
The key players operating in the global public safety and security market are Hexagon AB (Sweden), Fujitsu Ltd. (Japan), Robert Bosch GmbH (Germany), Atos SE (France), Cisco Systems, Inc. (U.S.) Saab AB (Sweden), Airbus SE (Netherlands), Siemens AG (Germany), Intel Corporation (U.S.), Fotokite AG (Switzerland), CityShob (Israel), 3xLOGIC (U.S.), L3Harris Technologies, Inc. (U.S.), OnSolve (U.S.) and Haystax (U.S.).
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Scope of the Report
Public Safety and Security Market, by Offering
Safety ServicesManaged ServicesDisaster Management ServicesCritical Infrastructure Security ServicesEmergency Medical ServicesFirefighting ServicesOther Managed ServicesProfessional ServicesSafety DevicesSurveillance CamerasSensorsRadarLiDARGeodetic SensorsGeotechnical and environmental sensorsOther SensorsBiometric and Authentication DevicesSafety AlarmsIntruder Detection DevicesCritical Communication DevicesOther Safety DevicesSafety SoftwareGeographic Information SystemsAccess Control SoftwareBuilding Management SoftwareVehicle Recognition SoftwareBehavior Analytics softwareOther Safety SoftwarePublic Safety and Security Market, by Technology
Internet of ThingsCybersecurityCloud ComputingMachine LearningArtificial IntelligenceOther TechnologiesPublic Safety and Security Market, by Application
Security and Incident ManagementThreat DetectionFire and Explosion ExaminationNetwork SecurityMonitoringData GatheringMapping and 3D ImagingOther ApplicationsPublic Safety and Security Market, by End Use
TransportationRoadwaysRailwaysAirwaysWaterwaysWorkplacesShopping malls & Retail storesResidentialHospitals & HealthcareWarehouses & DepotsSchools & UniversitiesOther End UsesPublic Safety and Security Market, by Geography
North AmericaU.S.CanadaAsia-PacificChinaJapanIndiaSouth KoreaTaiwanRest of Asia-PacificEuropeGermanyU.K.FranceItalySpainRest of EuropeLatin AmericaMiddle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/39886758
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Security Analytics Market, by Offering, Deployment Mode, Security Type (Network, Cloud, Endpoint), Platform, Organization Size, Application, End-use Industry (Healthcare, Logistics, Government, Retail), and Geography—Global Forecasts to 2029
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe : +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-researchContent Source: https://www.meticulousresearch.com/pressrelease/895/public-safety-and-security-market-2031
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View original content:https://www.prnewswire.co.uk/news-releases/public-safety-and-security-market-to-reach–514-1-billion-by-2031–exclusive-report-by-meticulous-research-302150049.html
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