PPT-Probiotics Market Insight, Trends, 2021-2027

A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that global probiotics market was worth USD 574 Billion in the year 2020 It is estimated to grow at a CAGR of 80 earning revenue of around USD 978 Billion by the end of 2027. CNG vehicle continues to witness lucrative opportunities across the countries on the backdrop of the increasing number of the NGVs (Natural Gas Vehicles) and increasing preference for CNG vehicles across the world. There has been an increase in the fleet of CNG vehicles by 7.4% in 2014 to 18% in 2018 across the world. Titanium alloys continues to possess lucrative opportunities across the countries with dominating factors like increasing aerospace & defence, automotive, sports, architectural industry worldwide. Sodium methoxide industry continues to gain lucrative opportunities across the world on the backdrop of the increasing investment in the end use industries. The global animal feed probiotics market remains moderately fragmented, with leading and mid-sized players who collectively hold more than 50% revenue share. Superabsorbent polymers have perceived increased penetration in the medical sector, with rapid technological developments, and significant funding from investors to research facilities for developing high performance products. The PBT marketplace continues to witness introduction of new polymer formulations or innovative integration of PBT with other materials. Automotive manufacturers across the globe are looking for light-weight materials to develop light-weight vehicles. This is resulting in advancement in metal coatings technology. The polyphenylene sulfide (PPS) resins market is thoroughly studied in terms production, consumption and application-wise utilization. Advanced ceramics market place is fragmented with the stronghold of mid- and small-sized as well as emerging market players. The urea formaldehyde market remains highly fragmented, with a number of mid-sized and emerging players competing for market share. The Hyoscine-N-Butyl Bromide market was valued at over US$ 50 million in 2018 and is projected to register Y-O-Y growth of 4.3% in 2019. The global tea market was worth USD22.4 Billion in 2020 and is further projected to reach USD30.3 Billion by 2027, at a CAGR of 4.5% during 2021-2027 (forecast period). The market for interventional cardiology devices is growing due to an increase in the incidence of cardiovascular disorders such as coronary heart disease, cerebrovascular disease, peripheral artery disease, congenital heart disease, deep vein thrombosis, and pulmonary embolism. A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global cycling helmet market reached USD 686.2 million in 2020. The data generated by the study further reveals that the market is further projected to reach USD 833.5 million by 2027 at a CAGR of 2.9% during 2021-2027 (forecast period).