Global Vitamins and Herbal Dietary Supplements Market to be Driven by Growing Demand for Indigenous Medicine

The top performing products in the U.S. dietary supplement market are exhibiting double-digit growth rate thanks to heightened consumer focus on health, improved industry regulation, and industry trends that are focused on globalization.

How safe are herbal dietary supplements?

The manufacture of herbal dietary supplements is regulated by the FDA in the United States, but is not subject to the same scientific scrutiny or regulations as food or drugs. For instance, herbal supplements manufacturers are required to follow good manufacturing practices in order to ensure that supplements are processed under uniform conditions and meet quality standards but they do not need approval from the Food and Drug Administration (FDA) before launching their products in the market. 

Nevertheless, the FDA regulates both dietary ingredients and finished dietary supplements. The FDA oversees dietary supplements under a different set of mandates than those that cover conventional foods and drugs. These are regulated under the Dietary Supplement Health and Education Act of 1994 (DSHEA), which states that:
  • Dietary ingredients and dietary supplements that are adulterated or misbranded are prohibited to be marketed by product manufacturers and distributors.
  • FDA is responsible for taking action against any misbranded or adulterated dietary supplements after it is introduced in the market.

What are the core factors driving the growth of the vitamins and herbal dietary supplements market?

The demand for safe and naturally derived curative options persists among consumers. Consumers are more inclined towards the purchase of herbal products combined with government support for promoting the use of traditional medicine. For instance, Traditional Chinese Medicine (TCM), Ayurveda, and several other indigenous medicines are increasing their impact. Furthermore, the rising healthcare cost is also favoring the growth of the vitamins and herbal dietary supplements market as consumers are seeking alternate options for medical conditions.

There are several reasons for taking vitamin supplements, such as over-the-counter multivitamins. As per the American Academy of Family Physicians (AAFP), vitamin supplements are recommended to be taken for:
  • Certain health conditions.
  • Individuals who eat a vegetarian or vegan diet.
  • Pregnant or breastfeeding women.
Are herbs and botanicals regulated by legislations in the European Union?

Yes. Traditional herbal medicines for human use are as much regulated as pharmaceutical products. A simplified registration procedure for the pharmaceutical legislation of traditional herbal medicinal products was introduced in 2004 that overcame the difficulties encountered by the member states earlier. The objective of the simplified registration procedure is to safeguard public health and eliminate misinterpretations and uncertainties about traditional botanical products that existed among the member states and allow the free movement of these products by introducing harmonized rules in the region. This has reverberated in the form of increased sales of herbal supplements and botanicals and many new companies have entered the dietary supplements space.

The vitamins, minerals, and health supplements market is highly fragmented and has immense opportunities for mergers and acquisitions. In recent years, both pharmaceutical companies and makers of consumer packaged goods (CPG) are gearing up to expand their consumer health division, which suggests that acquisitions in this space will continue to happen.

Growth in Paint and Coatings Industry to Bode Well for Global Pigments Market

Pigments are insoluble compounds that have a coloring effect on different substrates. Pigments offer tinting strength, heat stability, and opacity. They are used extensively in paints and coatings, construction materials, printing inks, and plastics industries. According to a research report by Transparency Market Research (TMR), the global pigments market was valued at US$22.86 bn in 2014, and is expected to reach US$31.98 bn by 2023, expanding at a CAGR of 3.8% between 2015 and 2023.

In this blog post, TMR answers three critical questions about the pigments market:

What are the factors impacting the performance of the global pigments market?

The growth in the paints and coatings industry is one of the major drivers for the pigments market. A rise in infrastructural development and various other construction activities will have a positive impact on the pigments industry. The growth in the automotive industry is also benefitting the global pigments market. The use of pigments in the consumer goods sector is encouraging the growth of the market across the globe. Furthermore, the rising consumption and production of plastic, and subsequently the rising demand for pigments, is expected to boost the global pigments market. 

Factors that may impede the growth of the market include the enactment of stringent rules owing to the environmental and health risks associated with the unregulated use of pigments.

The introduction of nanotechnology, however, is expected to create profitable growth opportunities in the pigments market for the coming years.

Are there any new notable developments in the pigments industry?

PicOnyx, a materials technology company, has developed a black pigment by the name of M-tone, to be used across various industries such as plastics, paint and coatings, and adhesives. In comparison to carbon black pigments, this black pigment excels in various aspects, such as improved heat resistance and microwave transparency. M-tone is derived from polymer and is made of oxygen, carbon, and silicon. It improves the hardness and thermal resistance in thermoplastics, along with offering electrical properties, which are currently unattainable with other pigments. M-tone comes in a matte, glossy, and iridescent appearance, and is claimed to have no environmental contaminants.

Huntsman Corporation was recently in the news for having invested over US$172 mn for the development of their new production plant. The new plant is expected to have the capacity to produce 30,000 metric tons of red, yellow, and black iron oxide pigments each year. The pigments developed will be utilized to transform an array of everyday items such as inks, paints, plastics, concrete, cosmetics, food, and pharmaceuticals.

Which region is expected to lead in the pigments market?

Asia Pacific is expected to lead in the pigments market. The region not only dominated the global pigments market in 2014 in terms of volume, but is also expected to grow at the fastest rate in the coming years. The growth in the region is due to the rising population as well as the increasing income of people in the developing countries. A rise in incomes is leading to a higher demand for paints and coatings from the building and construction as well as the automotive industry. Asia Pacific is also expected to be the major producer of plastic, which will increase the demand for pigments in the region from the plastic industry.

Future of Metabolomics Dependent on Biomarker Discovery and Drug Assessment

Metabolomics is a comprehensive study of metabolites within tissues, cells, organisms, and bio fluids. A metabolite is a substance that is either part of a metabolic reaction or is produced by one. Metabolomics is utilized for data mining and for presenting the functional information of an organism’s physiological nature. It comprises the study of products and substrates of metabolism, which are affected by environmental and genetic factors. The demand for metabolomics is predicted to grow, thanks to the increasing application scope of metabolomics. 

Transparency Market Research (TMR), a market intelligence company, answers a series of questions in order to provide a clearer view of the metabolomics market.

Q. What drivers and impeders will have a major impact on the market dynamics by 2024?

The increasing technological advancements in molecular biology and biochemistry have played a major role in the development of the market for metabolomics. In addition, the enhancement in analytical instruments, analysis software, and data processing have also stimulated the growth of the overall metabolomics field. Furthermore, the increasing support from governments and the increasing research funding globally for the commercialization of various products within metabolomics will also create a positive impact on the growth of the market. 

Metabolomics science is also utilized extensively in drug assessment and biomarker discovery. Hence, the swift development of the biotechnology and pharmaceutical industries is supporting the development of the market for metabolomics. The increasing incidence of chronic degenerative diseases such as cardiovascular diseases and cancer, particularly in emerging nations will also augment the growth of the market in the coming years.

On the other hand, the absence of skilled professionals within metabolomics science is a major factor impeding the development of the market. In addition, the increasing data complexity and the low adoption rate of metabolomics are also amongst the prime factors that may pose a negative impact on the growth of the market. 

Q. How is the increasing usage of metabolomics in life sciences a key opportunity in the market?

Owing to the increasing application areas of metabolomics such as phenotyping of genetically modified plants, determination of gene function, and monitoring responses to abiotic and biotic factors, metabolomics is sought after globally. Metabolomics is utilized for bridging the gap between genotype and phenotype by providing a complete view of the cell functioning. It also helps in the identification of novel alterations within certain metabolites. 

Metabolomics has gained significance as a tool within life sciences owing to it being a relatively precise and faster technique that can be implemented with either a specific focus or in a general manner for gaining new knowledge about biological systems. 

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Q. What is impeding the adoption of metabolomic technologies in big pharma companies? What is the predicted future of this discipline?

A number of big pharma companies are still negligent in adopting metabolomic technologies in comparison with genomic and proteomic research. This is due to the lingering uncertainties of the advantages presented by metabolomics owing to the failed genomics and proteomics research programs. However, some recent advancements have successfully dispelled some of these doubts. The key focus of metabolomics is on 20 to 100 different metabolites. Although, this comprises a very small part in comparison to other field of ‘omics,’ this discipline is still excelling in the discovery of biomarkers. For instance, as per a recent publication by the American Association for Cancer Research on Cancer Epidemiology, Biomarkers & Prevention, metabolite profiling is being extensively utilized in the study of prostate cancer in order to identify diagnostic, prognostic, and predictive biomarkers. Hence, such growth opportunities will boost the overall growth of the market in forthcoming years.

Global Market for Ready to Eat Snacks to be Driven by Convenience and Affordable Costs

In the last few years, ready to eat snacks have been gaining immense popularity among various age groups across the globe. Ready to eat snacks are products of all varieties that are chilled or frozen and can be prepared in minimal time. Ready to eat snacks are mostly prepared by adding water or by frying them. The growing popularity of these products has encouraged several manufacturers to introduce innovative and new products to attract new consumers and gain the competitive advantage in the market. The ready to eat snacks market offers diverse products such as corn specialties, potato specialties, meat specialties, and others.

In this blog, Transparency Market Research has offered answers to several questions concerning the growth factors and opportunities of the global market for ready to eat snacks.

What are the major factors propelling the ready to eat snacks market worldwide?

Ready to eat snacks have been gaining traction in recent years due to the hectic lifestyle of the global population, who often have insufficient time to prepare food at their home. In addition, the increasing number of working women is adding to the demand for ready to eat snacks across the globe. Furthermore, the variety of products available in the global market has been attracting more consumers, fueling the growth of the global market for ready to eat snacks. The unique selling preposition of ready to eat snacks is the convenience they offer.

What are the key strategies adopted by the leading players operating in the global ready to eat snacks market?

The major players engaged in the ready to eat snacks market are spending an enormous amount on marketing and advertising campaigns to boost the sales of their products. Furthermore, some of the leading players, such as Tyson Foods, Blaine Larsen Farms, Inc., McCain Food Limited, and ConAgra Foods, Inc. are taking proactive efforts to introduce innovative products and concentrating on their presentation and packaging. All these strategies are expected to help the players in expanding their horizon and creating a niche for themselves in the global market.

What are the barriers faced by the leading players while operating in the ready to eat snacks market?

Ready to eat snacks offer convenience to the consumers, but at a cost. The nutritional value of these products is quite low, which may affect the health and well-being of the consumer. As a result, the growing awareness regarding healthy lifestyles and diets is one of the key factors projected to hamper the growth of the ready to eat snacks market in the next few years.

What are the major factors on which market players should emphasize in order to tackle the challenges?

Innovation and expansion of the product portfolio are the key factors for companies in the ready to eat snacks market worldwide. The inclusion of healthy foods in ready to eat products and offering baked products instead of deep fried snacks holds potential opportunities for the major players operating in this market.

Cone Beam Computed Tomography Market Spurred by Consumers Looking for Dental Repairs and Rework on Aesthetics

Although not a recent technology, the use of cone beam computed tomography (CBCT) has only been on the rise in the past decade. It is now commonly used in maxillofacial surgeries and other advanced cases in dentistry. CBCT offers several advantages to conventional imaging technologies in dentistry and also over conventional computed tomography.

The global cone beam computed tomography market is currently being driven ahead by a number of reasons. It was recorded at US$407.5 mn in 2014. After displaying a CAGR of 10% within a period from 2015 to 2023, this market is expected to reach US$960.8 mn by the end of 2023. Several aspects of the global CBCT market need to be considered in order to fully gauge this growth rate and the various prospects that this market has to offer. Here are three questions that can help attain a guided view of this market:

Is CBCT an Integral Part of Dentistry Now?

It has become an essential part, if not an irreplaceable part, of dentistry. Cone beam computed tomography has, over the recent past, experienced a wide array of developments for its use as a diagnostic tool. The biggest advantage that the CBCT machines offer is an accurate three-dimensional image of a region. This has created a large scope for the use for CBCT, ranging from forming differential diagnoses of dental abrasions to generating a critical understanding of dental anatomy. 

Cone beam computed technology can even be used in deducing tooth or root locations, or in the examination of endodontic pathology. And most of these utilities have only been completely justified recently. The global CBCT market has been experiencing a higher scale of demand from all the key regions.

Which are the Key Regional Markets for CBCT and Why?

We can divide the global cone beam computed tomography market into five major segments: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2014, the two foremost regions in the global CBCT market were North America and Europe. Both regions have prevailed owing to advanced healthcare infrastructure, multiple research and development efforts in dentistry and CT technologies, and the presence of key players. 

Both regions also house some of the top players in the global CBCT market, such as Sirona Dental Systems, Planmeca OY, QR s.r.l., and Cefla Group for Europe, and Carestream Health, Prexion, Inc., and Danaher Corporation in North America. There are other companies, such as the South Korean VATECH Global Co. Ltd., that have made their mark on the global CBCT market. While the two developed regions have always enjoyed an advanced dental industry, the developing regions are not too far behind now. Countries in Latin America and Asia Pacific are showing a rapid growth rate in dentistry through large-scale inculcation of modern practices, a large patient pool, and especially in the case of the global CBCT market, the increasing use of advanced computing technologies that allow a smoother and more accurate functioning of CT tech.

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Does This Mean Most Dentists Will Use CBCT in the Future?

There are two critical parts to this answer. One is the availability of the appropriate machinery and skilled labor. While both advanced machines and skilled labor are available in developing economies, there is still time for patients to avail CBCT solutions outside of urban areas. The other part of this answer lies in the dangers of CBCT itself. Like classical computed tomography, CBCT also implies the exposure of a patient to radiation, which needs to be kept as minimal as possible, according to the FDA. The FDA along with the ADA has appropriated the use of CBCT only when the risk of radiation exposure is lower than the benefits of using the imaging technique.

Global Blood Pressure Monitoring Devices Market Dashes to Keep Pace with Growing Number of Patients

According to the Centers for Disease Control and Prevention, high blood pressure is a high-priority risk in the U.S. In 2013, over 360,000 American citizens died from complications caused by high blood pressure. At least 7 out of 10 people who have their first heart attack are suffering from high blood pressure. In the U.K., more than 16 mn people have been diagnosed with high blood pressure. These statistics show how serious the problem is. While treatments and diagnostic solutions are showing a rapid rate of increase on a global scale, the global market for blood pressure monitoring devices is also something to be considered on priority for most players associated with the healthcare industry. Following are a few questions that might help an industry player ascertain market development factors.

Is the Current Rate of Development in Blood Pressure Monitoring Devices Sufficient?

That is hard to say for the near future, but currently, the demand is slightly higher than the supply, not because the supply is slow, but it is because the demand itself is accelerating too fast. The global blood pressure monitoring devices market is now ramping up its processes to keep up with these numbers. Even though it is an already established and almost mature market, at least in developing nations, the global blood pressure monitoring devices market continues to progress at a high rate of 7.3% between 2015 and 2023, according to Transparency Market Research. This market was already valued at US$2.0 bn in 2014, and if the current growth rate holds true, it will reach US$3.8 bn by the end of 2023. This is a lot to say about a market that is only based on measurement devices excluding diagnostics and therapeutics.

Are Developed Nations at Higher Risk of High Blood Pressure Issues?

It is a largely known fact that blood pressure issues are collectively one of the largest problems that several public health agencies are facing worldwide. This is especially the case in developed countries, owing to a high consumption rate of convenience foods, lack of physical activity and obesity, and a stressful career-oriented lifestyle. According to the CDC, at least 70 mn American citizens suffer from high blood pressure. That’s about 29% of the population, or 1 out of 3 American adults. Of the total number of high blood pressure patients in the U.S., only about half of them have their blood pressure situation under control. In the meanwhile, about 1 of every 3 adults in the U.S. reportedly has pre-hypertension. This is a condition where the numbers are not high enough to be considered a problem, but are still higher than normal. Owing to all these factors, the U.S. alone spends about US$46 bn on the various blood pressure treatment markets and industries per year.

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How are Masked and White-coat Blood Pressure Issues Influencing this Market?

Both white-coat and masked blood pressure readings are a major reason for inaccurate readings for a large percentage of patients. White-coat hypertension is when a patient shows a spike in blood pressure at the doctor’s office and no place else, while masked hypertension shows a lower blood pressure reading at the doctor’s office than elsewhere. Both situations are caused by an array of reasons, but both are responsible for misdiagnosis and wrong treatment. One of the more agreed upon solutions for this is the use of wearable technology that can allow the monitoring of blood pressure throughout the day. This will allow doctors to take an average reading and also help check the times of day when the blood pressure spikes. Wearable tech can also help diagnosing patients with pre-hypertension conditions.

Strengthening National Security and Protecting Marine Life – How Underwater Security Systems and Services Are Straddling Two Needs

The global demand for energy is expected to double in the next 25 years. This surging demand for energy plays a pivotal role in the depletion of existing fossil fuel reserves, thereby encouraging production activities in the offshore gas and oil industries. A new analysis by Transparency Market Research projects that the emerging economies are likely to account for over 75% of the demand for energy derived from the offshore gas and oil industry. The need for underwater security is thus felt to enable offshore rig operators identify and manage assets and ensure the delivery of services without any interferences.

Over the years, underwater security has been deemed imperative for the oil and gas industry. Underwater security solutions allow risk assessment of a small standalone offshore site, taking into account the fluid types produced in the well, well pressure, directional configuration, measured depth, vertical depth, sub-surface safety valve, damage containment, location and others. Furthermore, in response to the demand for remote control centers, the need for constant monitoring and control is also set to increase. Underwater security service providers are increasingly focusing on innovative cyber solutions to help the oil industry adapt to the digitization wave. It is therefore expected that in the coming years, the market for underwater security will report an exponential surge.

Q: How are stringent government regulations boosting demand from global underwater security market?

A: Strict government mandates and the increasing threat from cybercrime are fuelling demand from the global market for underwater security systems and services. The market has been witnessing the rising implementation of cyber security solutions to combat sophisticated threats strewn by professional adversaries. Industries such as energy, aerospace and defense, utilities, and banking, financial services, and insurance (BFSI), have been extensively adopting cyber security solutions in keeping with regulations enforced to check cybercrimes, which may eventually cause loss of financial and intellectual assets. Such factors have been encouraging leading companies in the oil and gas and other industries to oblige to regulations mandated by the government.

Q: What is India expecting from its recently launched underwater security plan at the harbors of Vishakhapatnam?

A: Recently the Indian Navy launched an integrated underwater harbor defense system and mine warfare data center to improve the Navy’s surveillance skills and response to any potential threat at the naval dockyard located in Vishakhapatnam. This is one of the most recent instances of implementing underwater security and services to tighten the defense capabilities of a region. The multi-sensor system deployed is called IUHDSS. It is capable of identifying, tracking, detecting, and generating warnings for underwater threats.

Q: Are there any recent notable underwater security plans aimed at protecting marine life? How are such developments relevant to the market’s growth?

A: Recently, a Monitoring, Control, and Surveillance (MCS) Plan has been unveiled by the Pacific island country of Palau. The plan is intended to manage and monitor emergency responses and combat illegal activities in ocean waters protected by a national marine sanctuary established recently. Researchers from the Scripps Institution of Oceanography were key contributors to the MCS Plan, launched on May 4, 2016.

The monitoring technology adopted will enable Palau to understand climate and oceanographic forces influencing the marine life, which is at the base of its economy. The data thus obtained will improve Palau’s climate resilience and enhance its access to information pertaining to ocean acidification, sea-level rise, and other phenomena related to climate change.

The growing awareness about the importance of underwater security will therefore boost the market. With emerging nations coming at fore, the market for underwater security witnesses lucrative opportunities for venturing in Asia Pacific

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