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Single Cell Oil Market 2023 Global Development Countries Trends, Size, Industry Reviews with Leading Players

The single cell oil market size is estimated to hit a valuation of US$ 914.52 billion by 2033. The market is projected to exhibit a monumental CAGR of 25.65% from 2023 to 2033

Information Source: https://www.futuremarketinsigh....ts.com/reports/singl

Eco Flooring Market Size, Future Trends, Growth Key Factors, Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2032

The global eco flooring market size is estimated to be valued at ~US$ 78.1 Bn in 2022 and is projected to reach ~US$ 117.9 Bn by 2032. It is set to grow at a CAGR of ~3.4% from 2022 to 2032. Share of eco flooring in the global flooring market is ~4%-10% at present.

Eco-friendly flooring is produced with a sense of moral obligation to the environment from renewable resources sourced from managed forests. These require less energy to produce, use, and dispose of the wood, and carbon dioxide emissions are kept to a minimum.

Such flooring is highly sought-after in the North America and Europe markets. Demand for eco-friendly flooring products like wood, bamboo, and glass tiles has significantly increased as a result of growing awareness about global warming and other environmental factors.

As per the National Oceanic and Atmospheric Administration (NOAA), 2021 was the sixth-warmest year on record. The surface temperature in the same year 0.84 °Celsius warmer than the twentieth-century average of 13.9 °C and 1.04 ˚C warmer than the pre-industrial period. Thus, governments of various countries are conducting awareness programs to educate the masses about global warming prevention.

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Furthermore, firms are nowadays selling high-quality eco flooring products in a number of sizes. They are also embracing different patterns of eco flooring products based on the needs of customers, which would improve the interior of home. Also, these products are considered to be very safe as they are mainly manufactured from natural raw materials.

In November 2021, for instance, LL Flooring, launched its exclusive Duravana hybrid resilient flooring. It is an entirely new category, eco-friendly, and a stylish flooring that blends the best characteristics of conventional flooring with innovative technologies to develop premium performance floors. Similar product launches by renowned companies are anticipated to bode well for the market.

However, eco flooring has a small market and is at the nascent stage in emerging and underdeveloped countries. One of the factors limiting expansion of the eco flooring market is lack of public awareness about such environmentally friendly flooring options. Availability of duplicate and cost-effective substitute products in the market is also expected to hamper growth.

Key Takeaways from the Eco Flooring Market Study
In terms of material type, wood is expected to remain at the forefront by generating the largest market share in the evaluation period.

By end use, the non-residential category is projected to lead the market owing to increasing construction of new commercial buildings such as hospitals and offices.
Among distribution channels, the online segment is likely to dominate the global market with the availability of multiple brands and cost-effective options.
The U.S. eco flooring market is predicted to grow at a CAGR of 2.5% in the next decade.
India eco flooring market is anticipated to expand at a CAGR of 3.4% in the forecast period.

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“Prominent players in the global eco flooring market have increased their research & development activities and are focusing on adding new environmentally friendly products to their portfolios. Some of the other companies are aiming to increase their customer base and expand their global footprint by engaging in mergers & acquisitions,” says a FMI analyst.

Competitive Landscape
Leading producers of eco flooring products are concentrating on various promotional strategies. They are offering their products to several builders, creating innovative advertisements, and launching new products to boost sales globally.
Armstrong World Industries, Inc., Gerflor Group, Mannington Mills Inc., BerryAlloc, Mohawk Industries, AHF Products, Beaulieu International Group, Nature Home Holding Company Limited, Provenza Floors Inc., and Somerset Hardwood Flooring among others are some of the significant companies in the eco flooring industry.

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Future Market Insights’ latest offering, which analyses the global eco flooring market objectively, presents historical demand data (from 2017 to 2021) and forecast for the years 2022 to 2032. The study provides insightful information on the eco flooring market based on the types of materials used (cork, wood, bamboo, linoleum, glass tiles, concreate, wool carpet, rubber and leather) end uses (residential and non-residential), price range (economy, mid-range, and premium), distribution channel (online and offline), and regions.

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Whey Protein Market Trends and Demand Analysis to2029

The global whey protein market size was USD 10.26 billion in 2021. The market is expected to grow from USD 11.0 billion in 2022 to USD 18.12 billion by 2029, exhibiting a CAGR of 7.4% during the forecast period. Increasing consumer awareness regarding a healthy diet and strong demand for premium products may foster industry development. Fortune Business Insights™ presents this information in its report titled “Whey Protein Market, 2022-2029.”

Rising consumer awareness regarding a healthy diet is expected to boost the product demand among consumers. Further, growing innovations in protein manufacturing containing several amino acids may increase the product’s adoption. Moreover, robust demand for premium products may facilitate the product demand. In addition, the strong demand for premium products across the personal care industry is expected to propel industry development during the upcoming years.



List of Key Players Profiled in the Report

Hilmar Cheese Company, Inc. (U.S.)
Saputo Inc. (Canada)
Glanbia plc (Ireland)
Fonterra Co-operative Group Ltd. (New Zealand)
Arla Foods (Denmark)
Alpavit (Germany)
Wheyco GmbH (Germany)
Milk Specialties (U.S.)
Carbery Group (Ireland)
LACTALIS Ingredients (France)
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Segments

By type, it is segmented into isolates, concentrates, and others. Based on application, it is classified into animal feed, food and beverages, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Strong Demand for Protein-Rich Diet to Nurture Industry Progress

The rising demand for a protein-rich diet is expected to foster the demand for whey protein. The rising popularity of ready-to-cook meals and packaged foods leads to high-quality protein foods. Further, growing chronic illnesses are expected to boost the demand for the product from the population. Also, the rising per-capita spending and adoption of healthy lifestyles may bolster the product’s consumption. In addition, the rising demand for sports supplements from athletes and gym enthusiasts can drive the whey protein market growth.

However, the strong demand for plant-based protein may hinder the market’s progress in the coming years.

Regional Insights

Rising Awareness Regarding Easy Usability and Convenience to Boost Growth in North America

North America is expected to dominate the whey protein market share due to rising awareness regarding easy usability and convenience. The market in North America stood at USD 3.73 billion in 2021 and is expected to gain a huge portion of the global market share. Further, evolving consumer preferences and tastes may boost the product demand. These factors may propel industry growth.

In Europe, increasing trends of preventive healthcare, rising emphasis on healthy living, and growing demand for protein supplements may foster the product’s demand. In addition, the adoption of proteins in naturally and synthetically derived foods may propel market growth.

In Asia Pacific, the rising domestic demand and exports for dairy-based products, such as whey and casein, may foster market development.

Competitive Landscape

Companies Announce Acquisition Strategies to Reinforce their Stance

Prominent companies operating in the market announce acquisition strategies to reinforce their market position globally. For example, Saputo Inc. declared two acquisitions in the value-added and dairy alternatives segment. The company invested nearly USD 146.94 million and acquired Wisconsin Specialty Protein, LLC’s Reedsburg facility. It produces value-added ingredients such as whey, goat, organic lactose, and others. This acquisition may enable the company to reinforce its market stance globally. Furthermore, companies adopt product launches, mergers, partnerships, and research and development strategies to boost their annual revenues.

Industry Development

May 2021: Hilmar Cheese Company announced strategies for developing a new top-of-the-line whey protein and cheese processing plant in the U.S.

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