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Over the forecast period of 2022 to 2032, the global bicycle light market is projected to grow at a CAGR of 7.1%. The market is anticipated to reach a valuation of over US$ 2,454.7 Million by 2032, opines Future Market Insights (FMI).

The market for bicycle lights is set to be boosted by the increasing popularity of bicycles among people who are concerned about their health and the environment. Bicycle adoption is rising along with the urgent need for more environmentally friendly means of transportation, which is driving the market for bicycle lights. The market is also expanding due to the rising demand for robust and high-quality bicycle lights.

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Due to the rising demand for safety and security, it is anticipated that the bicycle lights market would expand significantly in the next ten years. Bicycle adoption is also on the rise in many parts of the world as a result of expanding transportation needs.

The use of various types of bike lights has been progressively rising due to growing awareness of their importance among cyclists who use them for commuting, as well as those who ride on mountain trails where these lights are vital for visibility. Growth rates would be further influenced by increasing urban population and high levels of disposable income during the projection period.

Key Takeaways from the Bicycle Light Market Study

By mounting type, headlights are estimated to account for more than 65.7% of the global bicycle light market share by the end of 2032.
Based on bicycle type, the e-bicycle segment is projected to hold more than 72% of the global bicycle light market share by 2032.
By sales channel, the OEM segment is expected to create an absolute dollar opportunity of US$ 1,115 Mn during the forecast period.
Over the forecast period, the bicycle light market in the U.S. is projected to create an incremental opportunity of nearly US$ 14.4 Mn.
By the end of 2032, East Asia is set to generate the largest bicycle light market share of around 57.2%.
"Owing to changing lifestyles and growing knowledge of health benefits, cycling has gained immense popularity as a sport & exercise activity in recent years. As a result, there are nowadays many technically advanced bicycles available with features like lights and reflectors for the convenience of riders,” says a Future Market Insights analyst.

Competition Landscape: Bicycle Light Market

Garmin Ltd., Cygolite, Cateye Co., Ltd., GACIRON, Goldmore Co., Ltd., Lord Benex, Knog, Smart Bike Light, NiteRider Technical Lighting Systems, Blackburn, Schwinn, Serfas, Lezyne, Sense., and LEDbyLIT are some of the leading companies present in the global bicycle light market.

Key manufacturers are focusing on increasing their regional presence and are engaging in distributing their in-house products in local markets by expanding their dealer networks. Players are also collaborating with local distributors to supply their products globally.

Get More Exclusive Insights into Bicycle Light Market

The research report analyzes the market demand trend for bicycle light. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the bicycle light market report is studied and analyzed in the following segments such as mounting type, bicycle type, sales channel, and region. The bicycle light market report gives us qualitative and quantitative information about the companies.

For more information: https://www.futuremarketinsigh....ts.com/reports/bicyc
Key Segments Covered in Bicycle Light Market Analysis

By Mounting Type:

Headlight
Rear Safety Light
Side Safety Light
By Bicycle Type:

Mountain Bicycle
Road Bicycle
E-Bicycle
Sport Bicycle
Explore FMI’s Extensive Ongoing Coverage on Automotive Domain

Automotive Steering System Market: https://www.futuremarketinsigh....ts.com/reports/autom

Automotive ADAS (Advanced Driver Assistance Systems) Market: https://www.futuremarketinsigh....ts.com/reports/adas-

Automotive Front End Module Market: https://www.futuremarketinsigh....ts.com/reports/autom

Spirulina Extracts Market – Global Briefing, Growth Analysis And Opportunities Outlook 2022 To 2032

The spirulina extracts market is valued at US$ 42 million as on 2021. The valuation as on 2022 is US$ 48.13 million. The market is projected to grow at a CAGR of 14.6% during the forecast period. The expected valuation of spirulina extracts market by 2032 is US$ 188.05 million.
The cosmetics manufacturers are increasing the usage of spirulina extracts as these contain anti-wrinkle, anti-acne, and moisturizer properties. This is expected to surge the demand for spirulina extracts during the forecast period. Moreover, the spirulina extracts are gradually replacing the additives and artificial flavors. Furthermore, these are being increasingly employed in dietary supplements because of their number of health benefits.
Even the health experts have recommended the intake of spirulina extracts in prescribed quantities as these are rich source of Vitamin B, polysaccharides, selenium, zinc, and phycocyanin. These as well are expected to increase the sales of spirulina extracts during the forecast period.
Additionally, there is an increase in the number of vegan and vegetarian population. Many vegetarians do not prefer consuming eggs as well. This would certainly surge the usage of spirulina extracts as these extracts are a rich source of different kinds of nutrients, which can hardly be fulfilled by any other fruits or vegetables.
Thus, from the research conducted by FMI, it can be inferred that Continuous innovation in spirulina extracts-based food, coupled with an increase in health consciousness among consumers, and lots of other factors are expected to drive the spirulina extracts market.
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Key Takeaways:
• Spirulina extracts market valuation as on 2021 was US$ 42 million.
• Spirulina extracts market value as on 2022 was US$ 48.13 million.
• The expected spirulina extracts market size as on 2032 was US$ 188.05 million.
• The spirulina extracts market is anticipated to grow at a CAGR of 14.6% during the forecast period.
• Based on the nature, the conventional spirulina extracts had the largest market share of 80.3% in 2021.
• Based on the application, the candy/confectionary segment had the largest market share of 24.8% in 2021.
• Based on the region, North America is the largest spirulina extracts market.
• Asia Pacific expected to be the fastest growing market.
• USA spirulina extracts market is expected to be valued at around US$ 60 million by 2032.
• Japan market expected to grow at an anticipated CAGR of 15.1% during the forecast period.
• Germany spirulina extracts market expected to grow at a CAGR of 12.6% during the forecast period.
• China market expected to grow at a CAGR of 16.7% during the forecast period.
• India market expected to grow at a CAGR of 16% during the forecast period.
Competitive Scenario
With mergers and acquisitions happening at a rapid pace, the key players are looking at ways to expand their presence across the globe. Additionally, the key players are also looking to diversify their product portfolio by venturing into other sectors here spirulina extracts can be used.
Some of the recent developments are:
• In June 2022, Aller Aqua appointed Hendrik Sorensen as the new sales manager for D-A-CH.
• In August 2022, DIC and FPCO begin collaborating to deploy the world’s first Dissolution and separation recycling technology for the closed-loop recycling of plastic food trays.
Key Companies Profiled
• Ideal Natural Extract,
• Sensient Colours LLC.
• Greenjeeva
• Algene Biotech
• Aller Aqua
• BASF
• Chr. Hansen A/S,
• Cyanotech Corporation
• Zhejiang Binmei Biotechnology Co., Ltd
• C.B.N. Spirulina Canada Co., Ltd,
• DDW – the Color House,
• DIC Corporation- Earthrise Nutritionals,
• Dohler Group,
• Fiorio Colori S.p.A,
• FMC Corporation
• Hydro Linea Biotech,
• Naturex SA,
• Royal DSM,
• Sensient Technologies Corporation
• Solazyme
• Japan Algae Co., Ltd.
Frequently Asked Questions
• What is the Expected CAGR of the Spirulina Extracts Market during the Forecast Period?
• What is the Expected Spirulina Extracts Market Size in 2032?
• What is the Valuation of Spirulina Extracts Market as on 2022?
• Which Region is the Largest Spirulina Extracts Market?
• What are the Main Factors Driving the Spirulina Extracts Market?

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

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