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Global Canthaxanthin Market is estimated to exceed USD 85 million by 2024; according to a new research report by Global Market Insights, Inc. Increasing demand for sustainable and standardized coloring ingredients will drive canthaxanthin industry growth. Health benefits, easy availability, and quality coloring benefits will remain the key factors fueling demand. Large product adoptability as a colorant in dietary supplement, food & beverages, personal care, and pharmaceutical industry are escalating carotenoids market share.

Growth in geriatric population accompanied by prevailing health conditions including joint issues, obesity, diabetes, calcium deficiency has increased milk & milk products consumption which is likely to drive dairy processing equipment market size. Global Dairy Processing Equipment Market is set to surpass USD 13 billion by 2024; according to a new research report by Global Market Insights, Inc. Rise in food fortification trends with nutritional additives and flavors without compromising quality standards will favor market growth. Processing equipment helps in making product stable and increase its shelf life, thus gaining consumer acceptance.

Reed Sensor Market is projected to exceed USD 2 billion by 2024 owing to the upsurge in electric vehicles. Automotive giants such as Ford, BMW, Daimler are investing in electric vehicle charging infrastructure and have announced their plans to develop over 400 charging sites across Europe. These components enable safe and efficient charging of electric vehicles. Also, they continually check the correct position of the connector into the port and interrupt the power supply should the need arise to avoid potential electrical accidents, fueling the adoption of reed sensor market. There is an option to control additional functions with the sensors, such as an immobilizer, power indicator, locking, etc.

Asia Pacific 3D gaming console market share is estimated to exhibit substantial growth from 2016 to 2023. Emerging countries such as China, Korea and India are anticipated to be the most attractive regions. Europe is predicted to be the largest regional industry and is likely to continue its dominance over the next seven years. U.S. gaming console market is forecast to witness considerable growth prospects over the timeframe. Escalating adoption of these products across the region is expected to justify growth.

Growing awareness pertaining to dietary protein consumption supported by rise in economic standards has resulted in increasing meat & meat products demand, thereby driving animal feed protein ingredients market size. Animal Feed Protein Ingredients Market is set to surpass USD 200 billion by 2024; according to a new research report by Global Market Insights, Inc. Feed protein ingredients are key nutrients obtained from rendered animal by products and oil seeds. These proteins help in amino acid synthesis which helps in improving performance and productivity.

Factors such as availability of alternatives such as liquid cartons and recycling & dumping of barrier shrink films market results in environmental degradation, which will likely hinder the growth of global barrier shrink films market over the forecast period. However, rising demand for PLA films and increased popularity of quick service restaurants are expected to drive the barrier shrink films market.

Reciprocating, rotary, and centrifugal are the three major segments in which the portable air compressor market has been segmented. The rotary segment is further bifurcated into scroll, screw, root blower, vane, etc.

The construction equipment market size in Europe was over USD 30 billion in 2017 and is anticipated to grow owing to the increasing focus of several government organizations on the refurbishment of the existing infrastructures. The growing significance of smart connected cities will favor the industry growth in the region.

Industrial Air Filtration Market may surpass USD 6.5 billion by 2024. Increasing industrial and infrastructural development with growing demand for high performance & energy efficient products may witness significant growth in industrial air filtration market. Growing consciousness towards environment and strict regulatory norms regarding air treatment & disposable to reduce atmospheric pollution and protect environment are likely to further support industrial air filtration market growth.  

North America holds a major share of the text analytics market owing to availability of advanced IT infrastructure in the region coupled with a thriving e-commerce industry. With rapid adoption of advanced technologies such as Big Data and data mining, the region is expected to hold a significant market share during the forecast period. Asia Pacific text analytics market is expected to exhibit promising growth throughout the forecast period owing to increasing demand for cost-effective predictive analytics models among emerging startups and SMEs.