Explore the Power of Pulses: Nutrient-Rich Beans, Lentils, and Peas
Dive into the world of pulses—nutrient-dense beans, lentils, and peas that offer remarkable health benefits. Incorporating pulses into your diet regularly can help lower the risk of heart disease, type 2 diabetes, and certain types of cancer. These plant-based superfoods are incredibly versatile, making them ideal for everything from soups and salads to breads and desserts. Pulses are also an excellent source of protein, fiber, folate, iron, and phosphorus, making them a smart choice for balanced nutrition. India and Australia are among the top global producers and exporters of pulses.
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- ✅ Emerging Trends & Investment Opportunities
Discover the Top 10 Pulses and how these wholesome ingredients can enhance both flavor and wellness in your everyday meals.
Top 10 Pulses
- Chick Peas (Bengal Gram)
- Pigeon Peas (Arhar)
- Green Beans (Moong Beans)
- Black Matpe (Urad)
- Red Kidney Beans (Rajma)
- Black Eyed Peas (Lobiya)
- Lentils (Masoor)
- Dry Beans
- Faba Beans
- Bambara Beans
Let’s discuss each one in detail.
1. Chick Peas (Bengal Gram)
Chickpeas, also known as garbanzo beans, are nutrient-rich legumes gaining popularity worldwide for their health benefits and culinary versatility. Packed with plant protein, dietary fiber, and essential vitamins and minerals, chickpeas support digestion, promote heart health, regulate blood sugar levels, and aid in weight management. They are an excellent choice for vegetarian and vegan diets, offering a valuable source of protein and nutrients.
Chickpeas are used in a wide range of dishes, including hummus, curries, stews, and salads, making them a staple in global cuisines. They are rich in vitamin B6, folate, and vitamin K, all of which contribute to overall wellness and immune support.
India is the world’s leading producer of chickpeas, accounting for nearly 50% of the country’s total pulse output. According to the ICAR–Indian Institute of Pulses Research, India’s chickpea production reached 13.75 million tonnes in 2021–2022, and by 2023, chickpea cultivation area expanded by 25%, highlighting the crop’s rising importance in agriculture and food security.
The Growing Demand for Plant-Based Protein
The rise of chickpeas is directly tied to the global shift towards plant-based diets. Our in-depth report on the Plant Protein Market gives you a comprehensive look at this multi-billion dollar industry.
Discover insights on market drivers, consumer trends, and key investment opportunities.
Global Production of Chickpea, in Tons, for 2019, 2020, and 2021

Source: World Population Review
2. Red Kidney Beans
Red kidney beans are an important bean in the food industry due to their versatility and nutritional value. These medium-sized, dark red beans have a distinct kidney shape, and their rich flavor and creamy texture make them a popular ingredient in many dishes around the world. Red kidney beans are widely used in both traditional and modern cuisines, adding depth, flavor, and nutritional value to a wide range of dishes. They are an excellent plant-based protein source, making them an essential part of vegetarian and vegan diets. They also contain important nutrients such as dietary fiber, vitamins (including folate and vitamin K), and minerals like iron, magnesium, and potassium. This nutrient profile improves the health benefits of their consumption.
Kidney beans are useful in numerous health issues such as diabetes, heart health, iron deficiency anemia, and colon health. India, China, and the United States are major producers of red kidney beans. For instance, according to the US Department of Agriculture’s “China: Pulses, Kidney Beans & Dried Pulses” report, in the year 2021–2022, China’s red kidney bean production was 250,000 metric tons (MT). Additionally, in the United States, 93 million hundredweight red kidney beans were produced in 2023.
3. Lentils (Masoor)
Lentils are edible legumes from the pulse family, recognized for their small, lens-shaped seeds and wide variety of colors, including yellow, red, green, and brown. Cultivated for centuries across the globe, lentils are highly valued for their nutritional content, culinary versatility, and rich flavor. Commonly featured in soups, stews, curries, and salads, lentils are celebrated not only for their taste but also for their ability to absorb and enhance the flavors of other ingredients.
Lentils can also be ground into flour to create gluten-free baked goods and snacks, making them ideal for those with dietary restrictions. These pulses are a powerhouse of plant-based protein, making them a staple in vegetarian and vegan diets. Lentils are also rich in fiber, iron, folate, and essential vitamins and minerals. Their high fiber content promotes digestive health, helps regulate cholesterol levels, and supports overall heart health.
Canada is the world’s leading producer of lentils, thanks to its fertile soil and favorable growing conditions. Canadian lentils are renowned for their quality and are exported globally. Other major producers include India, Turkey, Australia, and the United States, where lentils are adapted to various climates and soil types.
According to the Canadian Grain Commission, Canada produced 2.3 million tonnes of lentils in 2022, marking a 43.3% increase from 2021. In India, the ICAR–Indian Institute of Pulses Research reported 1.28 million tonnes of lentil production in 2022, cultivated across 1.42 million hectares, with an average yield of 904 kg/ha.
Production of Lentils in Canada, in Tons, in 2022

Source: Canadian Grain Commission
4. Green Beans (Moong Beans)
Green beans are a popular pulse from the bean family. This versatile vegetable is distinguished by its long, slender shape and bright green color. Green beans are widely cultivated and used in a variety of cuisines around the world and can be used raw or cooked, making them a versatile ingredient in salads, stir-fries, casseroles, soups, and other dishes. Green beans, with their tender, crisp texture and mild, slightly sweet flavor, make an excellent addition to many dishes. Apart from their food uses, these beans are extremely nutritious and provide numerous health benefits. They are low in calories and fat, but high in essential nutrients such as dietary fiber, vitamins A, C, and K, as well as minerals like manganese and potassium. They contain dietary fiber, which aids digestion, promotes bowel regularity, and helps people maintain a healthy weight. These beans are also high in antioxidants, which protect cells from oxidative stress and thus promote overall health.
China is the world’s largest producer of green beans due to its vast agricultural system and favorable growing conditions, which allow for significant green bean production. Other major green bean producers include India, Indonesia, Myanmar, and Turkey. These countries use their agricultural resources and expertise to grow and supply green beans to domestic and international markets, ensuring a consistent supply of this nutritious pulse. For instance, according to the World Vegetable Center, Jilin is China’s largest mungbean producer as the varieties grown in the region are well-known for their full grain and size, shiny green color, and superior nutritional and sprouting properties, Baicheng exports 70,000 tonnes of mungbean annually, with more than 50,000 tonnes of high-value, sprouting-quality beans. Additionally, according to the ICAR-Indian Institute of Pulses Research, Mungbean production in India reached 5.5 million hectares in 2022, resulting in 3.17 million tonnes at a productivity of 570 kg per hectare.
5. Faba Beans
Faba beans, also known as broad beans, are nutrient-dense pulses from the legume family and among the oldest cultivated crops in human history. Known for their distinct earthy flavor, faba beans have been grown for thousands of years and remain a staple in many global cuisines. Their culinary versatility makes them ideal for dishes such as salads, soups, stews, and plant-based meals, offering a rich source of protein and nutrients.
Faba beans offer a variety of health benefits thanks to their impressive nutritional profile. They are rich in dietary fiber, iron, manganese, and folate, while being naturally low in fat and cholesterol, making them a heart-healthy food choice. In addition, faba beans are packed with antioxidants, which help combat oxidative stress and may reduce the risk of chronic diseases.
China is currently the world’s largest producer of faba beans, thanks to its favorable climate and advanced agricultural practices. Chinese faba beans are highly valued in international markets for their superior quality and taste. According to the National Library of Medicine, China accounts for approximately 30% of global faba bean production, with a harvested area of 811,000 hectares and an annual yield of 1.69 million tonnes.
6. Pigeon Peas (Arhar)
Pigeon peas (Cajanus cajan) are protein-rich legumes cultivated for centuries and valued for their nutritional benefits, culinary versatility, and adaptability to diverse climates. These small, oval-shaped beans are a staple ingredient in many global cuisines, particularly in Indian, African, and Latin American dishes. They are commonly used in soups, stews, dals, and rice preparations, enhancing meals with their rich flavor and health benefits.
Pigeon peas are packed with dietary fiber, essential vitamins, and minerals that support digestive health, cardiovascular function, and blood sugar regulation. Their high nutritional value makes them an excellent component of balanced, plant-based diets.
India leads global pigeon pea production, thanks to the crop’s drought-resistant properties and suitability for tropical and subtropical climates. According to the ICAR–Indian Institute of Pulses Research, India produced 4.34 million tonnes of pigeon peas in 2022. The market value of pigeon peas in India was estimated at USD 14,334.5 million in 2022, with projections reaching USD 23,798 million by 2032, reflecting strong domestic and international demand.
7. Black Matpe (Urad)
Black Matpe, also known as Urad, is a type of pulse that is widely cultivated in many parts of the world due to its versatility and nutritional value. Black Matpe has small black seeds with a creamy white interior which is essential in various meals. It is commonly used to make delicious dishes, including dals, curries, soups, and snacks. Urad dal, made from black matpe, is commonly used in the preparation of traditional Indian dishes such as dosa, idli, and vada. Its earthy flavor and ability to absorb spices make it a popular choice for creating spicy meals.
Black Matpe includes numerous health benefits and contains essential nutrients such as protein, dietary fiber, iron, magnesium, potassium, folate, and vitamins B and C. Urad’s high protein content makes it an excellent choice for vegetarians and vegans seeking to meet their protein needs. India is the largest producer of black matpe, also known as urad. The country’s high agricultural heritage and favorable climatic conditions make it an ideal place to grow this pulse on a large scale. Myanmar, Thailand, and Sri Lanka are also major producers of black matpe.
8. Black Eyed Peas (Lobiya)
Black Eyed Peas, also known as Lobiya, is a popular bean with cultural and culinary importance. These small creamy-white beans with a black spot are versatile and can be used in soups, stews, and salads. It offers numerous health benefits, which are high in dietary fiber and helps to promote digestive health by relieving constipation and regulating bowel movements. These beans are also a good source of plant-based protein, making them an excellent addition to vegetarian and vegan meals. In addition, black-eyed peas are high in essential vitamins and minerals such as folate, iron, magnesium, and potassium, which help to boost energy and overall well-being. Nigeria is the world’s largest producer of black-eyed peas due to the country’s favorable climate and agricultural practices making it an ideal location for large-scale bean farming. Nigeria’s production and export of Black-Eyed Peas contribute significantly to meeting the global demand for this nutritious and versatile bean. For instance, according to the International Institute of Tropical Agriculture, Nigeria is the largest producer of black-eyed peas, contributing to 48% of production in Africa and 46% worldwide.
9. Dry Beans
Dry beans are beans that have been harvested, dried, and then separated from their pods. They are versatile beans that are consumed worldwide and have high culinary and nutritional value. Dry beans are available in a variety of shapes, sizes, and colors, and are commonly used in many meals, demonstrating their importance in global gastronomy. Dry beans are high in protein, fiber, vitamins, and minerals, which provide numerous health benefits, aiding digestion, lowering cholesterol levels, and helping with weight management. Furthermore, these beans are also known for their ability to prevent certain types of cancer and boost overall immunity due to their high antioxidant content. India and Brazil are some of tracksuit’s largest producers of dry beans due to their vast agricultural lands and favorable climate.
10. Bambara Beans
Bambara beans (Vigna subterranea) are also known as Bambara groundnuts or earth peas due to their growth underground. They are versatile and can be used in a variety of culinary applications, including boiling, roasting, and grinding into flour. They are used in stews, soups, and porridges, as well as a tasty addition to many traditional dishes. The beans offer a nutty flavor and a slightly sweet taste, making them popular among food enthusiasts. Bambara beans provide numerous health benefits as they are high in protein, fiber, potassium, calcium, iron, and B vitamins. This makes them an excellent source of essential nutrients for vegetarian and vegan diets. Nigeria is the largest producer of Bambara beans due to the favorable climate and agricultural practices, which have enabled the country to become a major global producer of this nutritious bean.
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The Economic Impact of Green Hydrogen: Driving a New Energy Economy
Thought ArticlesGreen hydrogen generated from renewable energy is regarded as one of the most promising pathways to help industries decarbonize, promote the growth of renewable energy, enhance system flexibility, and ensure national energy security. On the environment’s side, green hydrogen has more potential compared to fossil fuel-based hydrogen which is the major conventional way of producing it. Moreover, as of January 2023, India’s National Green Hydrogen Mission was allocated a budget worth ₹ 19,744 crore. This program was aimed at making India the world leader in the manufacture, consumption, and exportation of green hydrogen together with its components. This has also led to an increase in the renewable energy capacity, for instance, the global renewable energy increased to 33,71,793MW in 2022.
Figure 1: Global Renewable Energy Capacity, Million Watt, 2021 to 2022
Source: International Energy Agency
Nevertheless, several obstacles must be tackled to progress towards creating this envisaged global hydrogen market. Among these challenges are the comparatively high cost of producing green hydrogen, fluctuation in prices for green hydrogen, changes in land use, and availability of water resources through such projects. In addition, there is also a need for acceptance by society on these initiatives as well as the absence of international standardization and regulation. To address these problems, multi-stakeholders such as businesses, policymakers, and research and development communities are collaborating to overcome these hurdles that deter investors. Additionally, nations have developed national hydrogen policies that would facilitate it.
Economic benefits:
Let’s discuss each one in detail.
1. Job Creation and Industrial Growth
The green hydrogen sector across different sectors could generate many employment positions. The job roles available within this field are vast, including those in setting up and maintaining structures for producing renewable forms of energy and those in the factories where fuel cells and electrolyzers are made. In addition, a positive spill-over effect into other industries may occur with the development of green hydrogen, such as in advanced components and material production.
2. Energy Security and Diversification
Another advantage is that green hydrogen enhances energy security due to a reduction in dependence on foreign fossil fuels while at the same time presenting opportunities for diversified energy sources. Thus, by developing green hydrogen infrastructure, governments can generate their clean power and, therefore, enhance their stability and self-determination over it. In this manner, even price fluctuations depending on traditional oil or gas markets can be mitigated by lowering them.
3. Economic Competitiveness
Conventional energy generation is expected to become less cost-effective than green hydrogen manufacturing and using its technologies. Green hydrogen technology can be developed by early adopters into an industry leader in the transition towards sustainable supply chains of power, thus giving them a competitive edge over their counterparts globally. Investment opportunities, as well as overall economic development, could also be attracted through this initiative in areas that are at the forefront of the energy shift.
4. Decarbonizing High-Emission Sectors
Green hydrogen has incredible potential to aid the decarbonization of hard-to-electrify sectors such as heavy industry, shipping, and aviation, among others. These industries can benefit significantly from it as a clean alternative to fossil fuels, thereby reducing their overall greenhouse gas emissions and contributing to climate objectives. It is, therefore, possible for this measure to foster growth that is more resilient and sustainable in terms of the economy.
5. Rural Development and Infrastructure
Renewable energy projects such as solar power plants and wind farms, which are usually located in rural areas, are usually part of the process of producing green hydrogen. This can enhance the development of such regions via job creation, infrastructure investments, and increased local taxes. In addition to this, hydrogen production facilities can trigger growth in supplementary sectors like logistics and transport.
Challenges and Considerations
Although the green hydrogen industry has potential, several challenges need to be addressed to realize its financial gains completely. These challenges include:
Let’s discuss each one in detail.
1. High Production Cost
Currently, green hydrogen is more costly to manufacture than traditional hydrogen or fossil fuels. For instance, green hydrogen currently costs between $4 and $5 per kilogram to produce, which is about twice as much as grey hydrogen. 30 to 50% of the money spent goes toward electrolyzer costs, with the remaining 50% going toward round-the-clock (RTC) renewable electricity. However, if more research and development are focused on reducing the production costs of green hydrogen, then it would be price-competitive for everyone.
2. Infrastructure Development
Establishing infrastructure for green hydrogen production, storage, and distribution will involve huge financial resources. Supportive government policies and public-private partnerships could greatly facilitate this infrastructure development.
3. Regulatory Framework
Clear and supportive regulations are necessary for the prospering of the green hydrogen industry. For hydrogen production and consumption, benchmarks that provide an enduring trading environment and strategies that encourage investment and invention must be established. However, according to NITI Aayog (the government’s think tank), India presently spends more than 160 billion US dollars annually on energy imports alone. This figure could double in the next 15 years. Adopting green hydrogen can help India reduce CO2 emissions by 3.6 gigatonnes cumulatively between now and 2050, in addition to significantly lowering these costs.
In conclusion, green hydrogen has astonishing potential to decarbonize difficult-to-electrify sectors like heavy industry, shipping, and aviation, among others. These sectors would heavily profit from this clean alternative to fossil fuels, thereby decreasing their total greenhouse gas emissions and assisting in achieving climate goals. This means that such a measure can promote more resilient and sustainable economic growth.
Bio-Based Polymers Market is projected to grow at a CAGR of 8.28%
Press ReleasesThe bio-based polymers market is expected to grow at a CAGR of 8.28% during the forecasted period (2024-2029).
The bio-based polymers market is driven by the rising awareness of the impact of renewable resources on the environment, increasing demand from consumers for eco-friendly products, supportive government regulations, and growing innovative advancement.
As per the report, the bio-based polymers market is predicted to increase substantially.
Bio-based polymers are a kind of polymer material produced from biomass generated by renewable biological sources such as plant waste, algae, or another microorganism, rather than fossil fuels like petroleum. These polymers are utilized for multiple purposes in various industries such as textiles, automotive parts, packaging, and medical devices because of their reduced carbon emission and biodegradability properties. There are various types of bio-based polymers available for different uses which include polylactic acid (PLA), starch-based plastics, bio-based polyamides (Bio-PAs), and bio-based polyethylene (Bio-PE). They assist in moving towards eco-friendly usage of materials which reduces reliance on non-renewable resources and decreases their impact on the environment.
The market is encountering considerable expansion due to various variables such as growing consciousness of the environmental impact of plastic usage causing plastic pollution and climate change which has led to consumers moving towards sustainable alternatives and preferring more eco-friendly products which are contributing to the adoption of bio-based polymers in diverse businesses. Furthermore, supportive legislations and governments are implementing policies and regulations such as the ban on single-use plastic to support sustainable materials usage and to reduce carbon emissions by providing incentives and tax benefits for the utilization of eco-friendly materials, which will directly boost market expansion. Furthermore, innovative advancements for the development of cost-effective and reliable bio-based plastic with improved properties will result in an easy switch for industries from traditional plastic material, thus, propelling the expansion of the market globally. For example, in July 2024, the world’s first versatile, 100% bio-based, and biodegradable Super Absorbent Polymer (SAP), named BAYSE™ was launched by ZymoChem. Similarly, in November 2023, BASF introduced BVERDE GP 790 L which is a biodegradable, anti-redeposition polymer with a 79% biobased material and offers the execution and work of acrylate chemistry without negotiating on the sustainability, making it a clean and homogenous item and consistent with the standard detergent formulations.
Based on the type, the bio-based polymers market is categorized into starch-based plastics, polylactic acid, polyhydroxyalkanoates, polyesters, and cellulose derivatives. Polylactic acid is predicted to contribute significantly to the market in the coming years due to its wide utilization in various industries like medical and pharmaceutical industries, and packaging industries because of its rich properties like biodegradability and biocompatibility. Moreover, the constant innovative advancement in polylactic acid is working in improving its properties, making it cost-effective, and also addressing its limitations like heat resistance. The rising demand for environment-friendly products is also driving the rise in polylactic acid requirements.
The market of bio-based polymers by application can be divided into agriculture, textile, electronics, packaging, healthcare, and other applications. The packaging industry is anticipated to fuel the market of bio-based polymer substantially due to variables such as consumers becoming increasingly aware of the environmental impact and demanding more biodegradable and sustainable packaging. Further, governments are implementing stringent regulations on non-biodegradable materials leading to an increase in the utilization of bio-based polymers by industries. Further, advances in innovation are making them affordable leading to a surge in their adaptation by manufacturers rather than traditional plastic packaging materials.
The bio-based polymers market has developed substantially in the Asia Pacific region due to various factors. Various Asian Pacific countries such as China, Japan, India, and South Korea are majorly focusing on environmental sustainability promoted with multiple government initiatives and programs. Moreover, the rise in industrialization in the region is leading to an increase in demand for the utilization of eco-friendly materials by diverse industries like automobiles, electronics, packaging, and textiles industries. Further, collaboration by different research institutes, industry players, and governments for developing more convenient and reduced-cost bio-based materials for a wider range of applications will also promote the increase of the market in the region.
The bio-based polymers market is supported by key players such as BASF SE, BIOTECH Biologische Naturverpackungen GmbH & Co. KG., Cardia Bioplastics, Covestro AG, Corbion, Cortec Group Management Services, LLC, DuPont, FKuR, and Innovia Films.
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This analytics report segments the bio-based polymers market on the following basis:
Top 5 Innovations Transforming the Lubricants Market
Thought ArticlesAutomotive Lubricants Market Insights
Lubricants are critical for providing efficient lubrication to automotive parts, reducing friction in vehicles. Beyond this primary function, automotive lubricants also clean and cool engine components, prevent rust and corrosion, and enhance overall performance. These lubricants can be solid, oil-based, plastic, or a combination, with oil and grease being the most common forms.
The automotive lubricants market is driven by technological advancements that enable the development of high-performance lubricants capable of withstanding extreme temperatures and pressures. These innovations make lubricants suitable for demanding applications where conventional options fall short or require frequent replacement.
Dive Deeper into the Automotive Lubricants Market
This article provides an overview. Our comprehensive market report offers detailed insights, including market size, growth forecasts, and competitive analysis to help you navigate the global automotive lubricants industry.
The Top 5 Innovations Transforming the Lubricants Market:
1. Efficient Usage of Lubricants in the Automotive Segment
Lubricants are essential for the smooth operation of vehicles, reducing corrosion and maintaining optimal engine temperatures, which extends the lifespan of critical components. Engine oils, for instance, lubricate internal combustion engines, protect against corrosion, reduce wear, and ensure seamless engine performance.
In Europe, Germany leads the automotive manufacturing industry, hosting brands like Audi, BMW, Volkswagen, Mercedes-Benz, and Porsche. According to Germany Trade and Invest (GTAI), German manufacturers produced over 15.6 million vehicles in 2021, including 3.1 million passenger cars and 351,000 commercial vehicles. The shift toward electric vehicles, supported by government initiatives targeting all-electric cars by 2024, is also driving lubricant demand. Additionally, global light vehicle production is projected to rise from 70 million units in 2020 to 98.9 million units by 2025, further fueling the lubricants market.
Figure 1: Global Light Vehicle Production Trend, in Million Units, 2020 to 2025
Source: Germany Trade and Invest
In the APAC region, factors like population growth and rising vehicle production, particularly in China and India, are boosting lubricant demand. According to OICA, China produced 26,123,767 cars in 2023, including 4,037,209 commercial vehicles, while India produced 4,783,628 cars, including 1,067,878 commercial vehicles.
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2. Key Developments in the Lubricant Market
Strategic innovations and partnerships are driving market growth. Notable developments include:
3. Nanotechnology as Lubricant Additives
Lubrication involves interposing solid, liquid, or gaseous substances between surfaces to minimize friction and wear. Additives in commercial lubricants enhance properties like friction reduction, corrosion resistance, and viscosity. Nanoparticles, ranging from 1 to 100 nanometers, are increasingly used as additives to improve tribological properties. Key mechanisms include:
4. Strategic Revolutionizing Megatrends
Lubricants are vital for industrial and automotive applications, ensuring minimal friction and efficient operation. In the automotive sector, advanced lubricants are critical for the transition to electric vehicles. The Lubrication-as-a-Service (LaaS) model is gaining traction, offering service-based solutions with continuous monitoring to optimize equipment performance and reduce downtime. Disruptive technologies include:
Figure 2: Electric Vehicle Sales, in Million, 2021 to 2024
Source: IEA
5. Automated Lubrication Systems
Automated lubrication systems are critical for components like gears, bearings, and chains, delivering precise lubrication to enhance performance and reduce maintenance costs. Benefits include:
Companies like Graco are advancing automated systems with programmable controllers and mobile app diagnostics, improving efficiency and usability.
Discover the Industrial Lubricants Market
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How Duty-Free Shopping is Evolving in the Age of Digitalization
Thought ArticlesDuty-Free Shopping in the Digital Age
Duty-free shopping allows travelers to purchase goods at airports or on cruise ships without paying taxes, making products more affordable compared to domestic retail due to tax exemptions.
The rise of online shopping has significantly influenced duty-free retail, mirroring the growth of e-commerce. As consumers increasingly prefer digital purchasing channels, duty-free shops are capitalizing on this trend by offering online platforms for global transactions. Additionally, eco-conscious products with minimal environmental impact are becoming integral to these outlets’ offerings, aligning with growing consumer demand for sustainability.
Digitalization has transformed the duty-free shopping experience, with technology driving efficiency, convenience, and personalization for global travelers. This article explores how technological advancements are reshaping travel retail.
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Key Trends in Duty-Free Shopping
Let’s explore each trend in detail.
1. The Rise of E-Commerce in Duty-Free Retail
E-commerce has revolutionized duty-free shopping. Previously limited to physical airport stores, duty-free retailers now offer pre-order options through websites and mobile applications. According to the U.S. Census Bureau, e-commerce retail sales in the U.S. reached $291.6 billion in Q2 2024, up 1.3% from the previous quarter. This shift allows travelers to browse and purchase products before their trip, collecting items at the airport or upon departure. Pre-order systems streamline inventory management, reduce congestion at physical stores, and enhance the overall purchasing experience.
Source: Census.gov
2. Enhanced Personalization Through Data Analytics
Digitalization has elevated personalization in duty-free retail. By leveraging data analytics and customer relationship management (CRM) systems, retailers gain insights into consumer preferences and behaviors. This enables tailored offers, such as introductory discounts for first-time shoppers or exclusive deals for frequent travelers. Personalized promotions enhance the shopping experience, fostering customer loyalty and encouraging repeat purchases.
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3. The Integration of Contactless Mobile Payments
Contactless and mobile payments have become a cornerstone of modern duty-free shopping. Digital wallets enable travelers to make secure, swift purchases without cash or cards. This technology accelerates checkouts, reduces fraud risks, and aligns with consumer preferences for seamless transactions, transforming the duty-free retail experience.
4. Virtual and Augmented Reality Experiences
Virtual and augmented reality (VR/AR) technologies are enhancing duty-free retail by offering immersive shopping experiences. Travelers can take virtual tours of stores via VR or use AR to visualize products in 3D. These innovations, accessible through mobile apps and virtual stores, allow customers to browse products, view prices, and make informed decisions from anywhere, reducing airport crowds and enhancing convenience.
5. Sustainable and Eco-Friendly Practices
Digital tools are enabling duty-free retailers to adopt sustainable practices, such as eco-friendly packaging and green-certified products. By leveraging sustainable packaging and optimizing supply chains, retailers reduce waste and carbon footprints, appealing to environmentally conscious travelers and aligning with global sustainability trends.
6. The Future of Duty-Free Shopping: Omnichannel Integration
The future of duty-free shopping lies in omnichannel integration, blending online and offline channels for a seamless experience. Travelers can purchase via mobile apps and choose delivery or airport pickup. Enhanced loyalty programs, covering both online and in-store purchases, further enrich the shopping journey, ensuring consistency and convenience across platforms.
In conclusion, digitalization is reshaping duty-free shopping by integrating e-commerce, mobile payments, and immersive technologies. These advancements enhance convenience, personalization, and sustainability, creating a dynamic and engaging experience for global travelers.
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Pulse Power: Unveiling the Top 10 Pulses That Pack a Nutritional Punch
Thought ArticlesExplore the Power of Pulses: Nutrient-Rich Beans, Lentils, and Peas
Dive into the world of pulses—nutrient-dense beans, lentils, and peas that offer remarkable health benefits. Incorporating pulses into your diet regularly can help lower the risk of heart disease, type 2 diabetes, and certain types of cancer. These plant-based superfoods are incredibly versatile, making them ideal for everything from soups and salads to breads and desserts. Pulses are also an excellent source of protein, fiber, folate, iron, and phosphorus, making them a smart choice for balanced nutrition. India and Australia are among the top global producers and exporters of pulses.
Unlock the Full Market Potential of Pulses
This article provides a great overview. For a data-driven look into the industry, our full report provides the insights you need to make strategic decisions.
Discover the Top 10 Pulses and how these wholesome ingredients can enhance both flavor and wellness in your everyday meals.
Top 10 Pulses
Let’s discuss each one in detail.
1. Chick Peas (Bengal Gram)
Chickpeas, also known as garbanzo beans, are nutrient-rich legumes gaining popularity worldwide for their health benefits and culinary versatility. Packed with plant protein, dietary fiber, and essential vitamins and minerals, chickpeas support digestion, promote heart health, regulate blood sugar levels, and aid in weight management. They are an excellent choice for vegetarian and vegan diets, offering a valuable source of protein and nutrients.
Chickpeas are used in a wide range of dishes, including hummus, curries, stews, and salads, making them a staple in global cuisines. They are rich in vitamin B6, folate, and vitamin K, all of which contribute to overall wellness and immune support.
India is the world’s leading producer of chickpeas, accounting for nearly 50% of the country’s total pulse output. According to the ICAR–Indian Institute of Pulses Research, India’s chickpea production reached 13.75 million tonnes in 2021–2022, and by 2023, chickpea cultivation area expanded by 25%, highlighting the crop’s rising importance in agriculture and food security.
The Growing Demand for Plant-Based Protein
The rise of chickpeas is directly tied to the global shift towards plant-based diets. Our in-depth report on the Plant Protein Market gives you a comprehensive look at this multi-billion dollar industry.
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Global Production of Chickpea, in Tons, for 2019, 2020, and 2021
Source: World Population Review
2. Red Kidney Beans
Red kidney beans are an important bean in the food industry due to their versatility and nutritional value. These medium-sized, dark red beans have a distinct kidney shape, and their rich flavor and creamy texture make them a popular ingredient in many dishes around the world. Red kidney beans are widely used in both traditional and modern cuisines, adding depth, flavor, and nutritional value to a wide range of dishes. They are an excellent plant-based protein source, making them an essential part of vegetarian and vegan diets. They also contain important nutrients such as dietary fiber, vitamins (including folate and vitamin K), and minerals like iron, magnesium, and potassium. This nutrient profile improves the health benefits of their consumption.
Kidney beans are useful in numerous health issues such as diabetes, heart health, iron deficiency anemia, and colon health. India, China, and the United States are major producers of red kidney beans. For instance, according to the US Department of Agriculture’s “China: Pulses, Kidney Beans & Dried Pulses” report, in the year 2021–2022, China’s red kidney bean production was 250,000 metric tons (MT). Additionally, in the United States, 93 million hundredweight red kidney beans were produced in 2023.
3. Lentils (Masoor)
Lentils are edible legumes from the pulse family, recognized for their small, lens-shaped seeds and wide variety of colors, including yellow, red, green, and brown. Cultivated for centuries across the globe, lentils are highly valued for their nutritional content, culinary versatility, and rich flavor. Commonly featured in soups, stews, curries, and salads, lentils are celebrated not only for their taste but also for their ability to absorb and enhance the flavors of other ingredients.
Lentils can also be ground into flour to create gluten-free baked goods and snacks, making them ideal for those with dietary restrictions. These pulses are a powerhouse of plant-based protein, making them a staple in vegetarian and vegan diets. Lentils are also rich in fiber, iron, folate, and essential vitamins and minerals. Their high fiber content promotes digestive health, helps regulate cholesterol levels, and supports overall heart health.
Canada is the world’s leading producer of lentils, thanks to its fertile soil and favorable growing conditions. Canadian lentils are renowned for their quality and are exported globally. Other major producers include India, Turkey, Australia, and the United States, where lentils are adapted to various climates and soil types.
According to the Canadian Grain Commission, Canada produced 2.3 million tonnes of lentils in 2022, marking a 43.3% increase from 2021. In India, the ICAR–Indian Institute of Pulses Research reported 1.28 million tonnes of lentil production in 2022, cultivated across 1.42 million hectares, with an average yield of 904 kg/ha.
Production of Lentils in Canada, in Tons, in 2022
Source: Canadian Grain Commission
4. Green Beans (Moong Beans)
Green beans are a popular pulse from the bean family. This versatile vegetable is distinguished by its long, slender shape and bright green color. Green beans are widely cultivated and used in a variety of cuisines around the world and can be used raw or cooked, making them a versatile ingredient in salads, stir-fries, casseroles, soups, and other dishes. Green beans, with their tender, crisp texture and mild, slightly sweet flavor, make an excellent addition to many dishes. Apart from their food uses, these beans are extremely nutritious and provide numerous health benefits. They are low in calories and fat, but high in essential nutrients such as dietary fiber, vitamins A, C, and K, as well as minerals like manganese and potassium. They contain dietary fiber, which aids digestion, promotes bowel regularity, and helps people maintain a healthy weight. These beans are also high in antioxidants, which protect cells from oxidative stress and thus promote overall health.
China is the world’s largest producer of green beans due to its vast agricultural system and favorable growing conditions, which allow for significant green bean production. Other major green bean producers include India, Indonesia, Myanmar, and Turkey. These countries use their agricultural resources and expertise to grow and supply green beans to domestic and international markets, ensuring a consistent supply of this nutritious pulse. For instance, according to the World Vegetable Center, Jilin is China’s largest mungbean producer as the varieties grown in the region are well-known for their full grain and size, shiny green color, and superior nutritional and sprouting properties, Baicheng exports 70,000 tonnes of mungbean annually, with more than 50,000 tonnes of high-value, sprouting-quality beans. Additionally, according to the ICAR-Indian Institute of Pulses Research, Mungbean production in India reached 5.5 million hectares in 2022, resulting in 3.17 million tonnes at a productivity of 570 kg per hectare.
5. Faba Beans
Faba beans, also known as broad beans, are nutrient-dense pulses from the legume family and among the oldest cultivated crops in human history. Known for their distinct earthy flavor, faba beans have been grown for thousands of years and remain a staple in many global cuisines. Their culinary versatility makes them ideal for dishes such as salads, soups, stews, and plant-based meals, offering a rich source of protein and nutrients.
Faba beans offer a variety of health benefits thanks to their impressive nutritional profile. They are rich in dietary fiber, iron, manganese, and folate, while being naturally low in fat and cholesterol, making them a heart-healthy food choice. In addition, faba beans are packed with antioxidants, which help combat oxidative stress and may reduce the risk of chronic diseases.
China is currently the world’s largest producer of faba beans, thanks to its favorable climate and advanced agricultural practices. Chinese faba beans are highly valued in international markets for their superior quality and taste. According to the National Library of Medicine, China accounts for approximately 30% of global faba bean production, with a harvested area of 811,000 hectares and an annual yield of 1.69 million tonnes.
6. Pigeon Peas (Arhar)
Pigeon peas (Cajanus cajan) are protein-rich legumes cultivated for centuries and valued for their nutritional benefits, culinary versatility, and adaptability to diverse climates. These small, oval-shaped beans are a staple ingredient in many global cuisines, particularly in Indian, African, and Latin American dishes. They are commonly used in soups, stews, dals, and rice preparations, enhancing meals with their rich flavor and health benefits.
Pigeon peas are packed with dietary fiber, essential vitamins, and minerals that support digestive health, cardiovascular function, and blood sugar regulation. Their high nutritional value makes them an excellent component of balanced, plant-based diets.
India leads global pigeon pea production, thanks to the crop’s drought-resistant properties and suitability for tropical and subtropical climates. According to the ICAR–Indian Institute of Pulses Research, India produced 4.34 million tonnes of pigeon peas in 2022. The market value of pigeon peas in India was estimated at USD 14,334.5 million in 2022, with projections reaching USD 23,798 million by 2032, reflecting strong domestic and international demand.
7. Black Matpe (Urad)
Black Matpe, also known as Urad, is a type of pulse that is widely cultivated in many parts of the world due to its versatility and nutritional value. Black Matpe has small black seeds with a creamy white interior which is essential in various meals. It is commonly used to make delicious dishes, including dals, curries, soups, and snacks. Urad dal, made from black matpe, is commonly used in the preparation of traditional Indian dishes such as dosa, idli, and vada. Its earthy flavor and ability to absorb spices make it a popular choice for creating spicy meals.
Black Matpe includes numerous health benefits and contains essential nutrients such as protein, dietary fiber, iron, magnesium, potassium, folate, and vitamins B and C. Urad’s high protein content makes it an excellent choice for vegetarians and vegans seeking to meet their protein needs. India is the largest producer of black matpe, also known as urad. The country’s high agricultural heritage and favorable climatic conditions make it an ideal place to grow this pulse on a large scale. Myanmar, Thailand, and Sri Lanka are also major producers of black matpe.
8. Black Eyed Peas (Lobiya)
Black Eyed Peas, also known as Lobiya, is a popular bean with cultural and culinary importance. These small creamy-white beans with a black spot are versatile and can be used in soups, stews, and salads. It offers numerous health benefits, which are high in dietary fiber and helps to promote digestive health by relieving constipation and regulating bowel movements. These beans are also a good source of plant-based protein, making them an excellent addition to vegetarian and vegan meals. In addition, black-eyed peas are high in essential vitamins and minerals such as folate, iron, magnesium, and potassium, which help to boost energy and overall well-being. Nigeria is the world’s largest producer of black-eyed peas due to the country’s favorable climate and agricultural practices making it an ideal location for large-scale bean farming. Nigeria’s production and export of Black-Eyed Peas contribute significantly to meeting the global demand for this nutritious and versatile bean. For instance, according to the International Institute of Tropical Agriculture, Nigeria is the largest producer of black-eyed peas, contributing to 48% of production in Africa and 46% worldwide.
9. Dry Beans
Dry beans are beans that have been harvested, dried, and then separated from their pods. They are versatile beans that are consumed worldwide and have high culinary and nutritional value. Dry beans are available in a variety of shapes, sizes, and colors, and are commonly used in many meals, demonstrating their importance in global gastronomy. Dry beans are high in protein, fiber, vitamins, and minerals, which provide numerous health benefits, aiding digestion, lowering cholesterol levels, and helping with weight management. Furthermore, these beans are also known for their ability to prevent certain types of cancer and boost overall immunity due to their high antioxidant content. India and Brazil are some of tracksuit’s largest producers of dry beans due to their vast agricultural lands and favorable climate.
10. Bambara Beans
Bambara beans (Vigna subterranea) are also known as Bambara groundnuts or earth peas due to their growth underground. They are versatile and can be used in a variety of culinary applications, including boiling, roasting, and grinding into flour. They are used in stews, soups, and porridges, as well as a tasty addition to many traditional dishes. The beans offer a nutty flavor and a slightly sweet taste, making them popular among food enthusiasts. Bambara beans provide numerous health benefits as they are high in protein, fiber, potassium, calcium, iron, and B vitamins. This makes them an excellent source of essential nutrients for vegetarian and vegan diets. Nigeria is the largest producer of Bambara beans due to the favorable climate and agricultural practices, which have enabled the country to become a major global producer of this nutritious bean.
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Animal Feed Antioxidants Market size worth US$614.943 million by 2029
Press ReleasesThe animal feed antioxidants market is expected to grow at a CAGR of 3.71% during the forecasted period, with a market valuation of US$512.612 million in 2024, and is expected to reach US$614.943 million by 2029.
The animal feed antioxidants market is driven by the increasing consumption of meat and dairy products, the growing focus on animal health, and the rising awareness of feed quality accompanied by stringent regulations.
As per the report, the animal feed antioxidants market is expected to grow significantly.
Animal feed antioxidants are substances added to avoid oxidation, which can cause decay and rancidity in feed ingredients. They neutralize destructive free radicals, ensuring the protection of the feed’s supplements and keeping up its quality. Antioxidants progress feed quality preventing the oxidation of fats and oils and protecting dietary value. Moreover, they improve animal well-being by securing cells and tissues from oxidative stress. Antioxidants expand the shelf life of animal feed, decreasing waste and saving costs. The animal feed antioxidants market is increasing due to variables such as expanding requirements for animal-based products, urbanization, and changing dietary preferences. Antioxidants work in preventing illnesses, progress feed productivity, and contribute to more secure and more beneficial food items. They moreover prevent feed from deterioration and rancidity, protecting its nutritional value, further the aquaculture industry is extending due to rising fish utilization, which intensely depends on feed additives like antioxidants. Governments are executing stricter directions on feed safety to advance the utilization of antioxidants. Innovative advancements, such as new antioxidant formulations and progressed delivery systems, are fuelling market expansion globally. For instance, in May 2024, Layn Natural Ingredients presented ®, a plant-based antioxidant additive for pet nourishment namely, SophorOx, developed to combat oxidative stress and help weight management in pets. Inferred from Sophora Japonica, it addresses joint, weight, and stomach-related issues of pets. Similarly, in October 2023, Lallemand Animal Nutrition launched LALPROBIOME, a new platform of innovative microbial solutions for pets, incorporating probiotics, postbiotics, antioxidants, and prebiotics permitting for customization and separation in pet food, treats, and supplements.
Based on the type, the animal feed antioxidants market is categorized into natural and synthetic. Synthetic antioxidants rule the market of animal feed antioxidants as of now due to factors such as cost-effectiveness, standardized viability, and higher antioxidant capacity. However, there is a shift in trend as buyers’ inclination toward natural products is rising, including animal-derived food, expanding the necessity for natural antioxidants in animal feed. This move is driven by the developing inclination for animal-derived food and the requirement for steady quality and dose during the production of the feed antioxidants.
The market of animal feed antioxidants by livestock can be categorized into poultry, swine, cattle, and others. Poultry is anticipated to dominate the animal feed antioxidants market during the forecasted period due to its high metabolic rate, rising demand for poultry meat and eggs which requires higher amounts of feed additives including antioxidants, and increasing concerns about feed quality. Antioxidants offer assistance to protect cells from damage and preserve feed quality due to their high fat content leading to a rise in their demand for poultry animals.
The animal feed antioxidants market has developed significantly in the Asia Pacific region. This is due to the growing population and rising disposable incomes in Asian nations which have led to a increased demand for protein-rich foods. Moreover, Asian countries have a large livestock population that requires sufficient feed, and antioxidants as they are vital for their quality of preserving feed. Mindfulness about animal wellbeing and health is increasing, and antioxidants progress immunity and in general health. Government support in advancing livestock improvement indirectly boosts the requirement for antioxidants in feed additives of animals.
The animal feed antioxidants market is supported by key players such as BASF, DuPont, Cargill, Incorporated, Kemin Industries, Inc., BTSA, Eastman Chemical Company, Alltech, Adisseo (China National Bluestar (Group) Co, Ltd.), Novozymes A/S (Novo Holdings A/S), and Koninklijke DSM N.V.
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This analytics report segments the animal feed antioxidants market on the following basis:
How Biomedical Textiles are Transforming Wound Care and Surgical Applications
Thought ArticlesBiomedical textiles are adapted for many medical and surgical applications. The major use of biomedical textiles is medical apparel. The textiles in fiber and fabric form are used as implants, filters, and surgical dressings. Recent advances in medical textile production have made it possible for implants to aid or replace damaged tissues or organs. These products are used to repair the body, whether it is wound closure (sutures) or replacement surgeries (vascular grafts or artificial ligaments).
The growing use of bio-medical textiles is due to the challenges associated with the complete transplant, such as rejection, immunosuppressants, psychological difficulties, physiological difficulties, donor organ shortage, etc. Hence, medical communities are using artificial substitutes such as biotextiles. This substitute material used to replace the body part is called a prosthesis. The most common use of the prosthesis is in the knees or hips. The main focus of using bio-medical textiles is to serve the purpose they are applied for, such as sutures requiring a biodegradable textile.
Another example of such an example is artificial ligaments. The artificial ligaments, LIGASTIC, offered by Orthomed, are used to replace or reinforce an existing ligament. These are utilized for at least 6 months in ACL (anterior cruciate ligament) reinforcement cases or permanently for replacement cases. It is made from Polyethylene Terephthalate (PET). These are knitted in nondeforming and non-wrappable chains. The fibers are orientated longitudinally in the axis of the ligament and are straight and parallel at maximum extension. The porosity of 400μm facilitates colonization, which allows the reinforcement or the replacement. The product is available in several sizes and shapes, following the procedures.
There are several major applications of bio-medical textiles in the field, such as wound treatment and cardiovascular, where it is utilized for the aortic and mitral transcatheter valve skirts, atrial appendage occlusion device coverts, or endovascular stent-grafts. In orthopedic applications, the sutures and assemblies, joint and ligament fixation, and spinal fixation tethers. For tissue engineering with cell scaffolds and resorbable wound healing materials.
Cardiovascular Applications
Cardiovascular diseases (CVDs) and ailments are increasing at a very alarming pace globally. According to the WHO (World Health Organization), cardiovascular diseases are the leading cause of death globally. CVDs include disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and others. Both behavioral and environmental factors use these. The major behavioral factors for the increased risk of CVDs are unhealthy diet, physical inactivity, tobacco use, and use of alcohol. Environmental risk factors include air pollution as an important factor. These factors lead to complications such as raised blood pressure, raised blood glucose, raised blood lipids, and overweight and obesity, which would lead to heart attack, stroke, heart failure, and others. In 2022, coronary heart disease (CAD) killed 371,506 people in the United States. About 1 in 20 adults aged 20 and older have CAD, i.e., 5% of the total population.
Figure 1: People With Coronary Artery Disease (Cad), (20 Y and Above), United States, in %, 2022
Source: CDC (Centre for Disease Control)
With increased numbers of patients and considerable diagnostic and technological advancements, vascular diseases are becoming important in general and clinical practices. The design and manufacturing of synthetic vascular prostheses have been challenging in research and development. The materials used need to meet all the requirements. The important aspects are porosity, compliance, and biodegradability.
The general application for the lower-profile devices and less invasive cardiovascular and endovascular procedures/applications included heart valve replacement, aortic arch reinforcement, stent graft covering, carotid artery repair fabric, tissue grafts, and others. The key benefits included the less invasive, lower profile, controlled density and porosity, flexibility, shape transformation, high tensile strength, and biocompatibility, among others.
DSM offers a biomaterial portfolio for cardiovascular applications, as shown in the following table.
Table 1.1: DSM Biomaterial Portfolio for Cardiovascular
Neurovascular Applications
According to the AANS (American Association of Neurological Surgeons), an estimated 30,000 people in the United States experience a ruptured cerebral aneurysm. Among them, as many as 6 percent may have an unruptured aneurysm. The cerebrovascular disease includes disorders in which the brain is temporarily or permanently affected by ischemia or bleeding.
Several companies are developing advanced materials for biomedical textiles to enable minimally invasive expansion and compaction of critical neurovascular devices for aneurysm repair and stroke prevention and treatment.
Secant Group offers textiles for neurovascular devices used for diverting blood flow, retrieving blood clots, or preventing or reducing plaque debris. The company specializes in developing products to shorten lead times, limit development costs, and deliver a prototype in a limited time. Customization and fabric modification facilities are available in the product development process to meet the requirements.
Secant Group offers neurovascular textile solutions for creating a new device or enhancing a predicate device. Manufacturers can obtain a broad portfolio of advanced textile solutions and services tailored to neurovascular devices.
Table 1.2: Secant Group, Neurovascular Textile Solutions
Orthopedic Applications-
There are multiple orthopedic applications, such as minimally invasive solutions for bone grafting and fusion, spinal motion preservation, tissue fixation, cartilage, tendon, ligament, and meniscal repair. The major aspect of the development of orthopedic devices is identifying the most appropriate textile material to utilize. The textile material for orthopedic devices can be applied as flexible structures for tissue reinforcement and joint support and to join materials and secure implants in the body. The structures that are made from bio textiles are bone anchors, bone containment bags, high-strength sutures, scaffolds for load-sharing, and scaffolds for soft tissue repair, among others.
Table 1.3: Orthopedics, Biomedical Textiles, New Developments
General Applications
Non-toxicity, nonallergenic, and able to be sterilized are the major characteristics of medical textiles, which makes them appropriate for wound care applications. The major applications of these materials are to provide protection against infection, absorb blood, promote healing, and apply medication to the wound. The wound dressings are composite materials consisting of an absorbent layer between a wound contact layer and a flexible base material. The use of healing property fibers like collagen, alginate, and chitin is relevant in the treatment.
Soft-tissue implants are a major application of these materials. They are used because of their strength and flexibility. For both reconstructive and corrective surgery, soft-tissue implants are employed for the replacement of tendons, ligaments, and cartilage.
Conclusion
The growing elderly population worldwide is leading to increasing age-related physiological issues. This growing elderly population has orthopedic, spinal, cardiovascular, and other major disorders. According to the World Population Prospects 2022, the population above the age of 65 is growing more rapidly. The percentage of the global population aged 65 and above is expected to rise from 10% in 2022 to 16% in 2050, this is a significant surge in the geriatric population.
Figure 2: Proportion of People Aged 65 Years and Above, in %, 2022 and 2050
Source: United Nations
This increase in geriatric population is occurring at a significant pace in developing countries as well as developed countries. This is historically significant as the population requires adaptations to how societies are structured across all sectors. This includes healthcare needs, social care, innovation-related healthcare, etc.
Several major companies are taking steps in the expansion of the biomedical textiles industry. Cortland Biomedical is a major player that customizes designs and manufactures biomedical textile structures. They have years of experience in medical textile engineering methods, including knitting, braiding, and weaving. In January 2024, announced the expansion of its weaving capabilities by incorporating two additional Jacquard Looms. This strategic move would enhance the company’s capacities and advancements in medical textiles. Cortland Biomedical specializes in plain and narrow weave fabrics, including shuttle and rapier weaving. It excels in creating unique three-dimensional structures for applications like vascular grafts. These woven textiles are specifically designed for vascular and abdominal aortic aneurysm grafts and ensure limited blood flow.
In April 2022, Integer Holdings Corporation acquired Connemara Biomedical Holdings Teoranta. The acquisition also included operating subsidiaries Aran Biomedical and Proxy Biomedical. It was acquired for €120 million, with up to an additional €10 million of contingent consideration payable based on Aran’s achievement of 2022 revenue growth. Aran Biomedical specializes in the design, development, and manufacturing of solutions for medical devices, it generated sales of $17 million in 2021. These developments in the industry would lead to the overall growth of the application of biomedical textiles in wound care and surgical domain.
Naphthalene Derivatives Market size worth US$2,466.707 million by 2029
Press ReleasesThe naphthalene derivatives market is expected to grow at a CAGR of 3.73% during the forecasted period, with a market valuation of US$2,054.023 million in 2024, and is expected to reach US$2,466.707 million by 2029.
The primary sources of naphthalene derivatives are petroleum and coal tar, which are processed using carbonization or destructive distillation. Originally, the compounds were obtained by using coal as the raw material. However, when technology changed and coal became rarer, petroleum was utilized as the primary material for producing naphthalene derivatives through alkylation. Phthalic anhydride is one of the naphthalene derivatives which have been employed in textile production, building industry and other areas. Naphthalenes can find many industrial applications because of their different chemical and physical properties.
The demand for these derivatives is primarily driven by their increasing use in industrial applications. Due to their lightness and absence of fragrance, they are extremely beneficial in construction, textile and agrochemical industries. The increasing production capacity of the naphthalene derivatives is mainly influenced by some major driving forces namely the expansion of textile and building sectors, as well as their extensive use in various industrial fields such as chemicals, pharmaceuticals and paint among others.
Although there are many uses for naphthalene derivatives, they are primarily employed as chemical intermediates in the construction, rubber, agrochemical, textile, pharmaceutical, and photographic industries. The textile industry uses derivatives of naphthalene for the dyeing process. Naphthalene derivatives are helpful substances in the agricultural industry due to their insecticidal qualities. They also serve as plasticizers or dispensers in the production of high-quality plasterboards and concrete
Additionally, increased research & development and expansion by firms are also leading to market growth, for instance, with production facilities spread across East, South, and North China, Baowu Carbon Material Technology Co., Ltd., a subsidiary of Baowu Steel Group, is dedicated to advancing the developing coal-based materials industry. There are 340 kilotons of carbon black, 350 kilotons of modified coal tar pitch, 100 kilotons of the ultra-high-power electrode (which is currently being built) that can be produced annually from 1,650 kilotons of coke tar and 350 kilotons of crude benzene that can be processed.
The naphthalene derivatives market, by form, is divided into two types- Liquid and powder. The majority of naphthalene derivatives on the market are in powdered form. Powdered naphthalene derivatives are simpler to package, arrange, and ship than their liquid counterparts. This is a major driver of the global market’s demand for powdered naphthalene derivatives.
The naphthalene derivatives market, by source, is divided into three types- Coal-tar, petroleum-based, and others. This source’s established supply chains and affordability have allowed it to maintain a substantial market share. Particularly in areas with developed steel industries, naphthalene derived from coal tar is widely used in conventional applications like the manufacture of phthalic anhydride and concrete admixtures.
Further, naphthalene derived from petroleum is, nevertheless, becoming more popular, particularly in markets where high purity standards are important. Higher purity levels can be obtained during the refining processes used to produce naphthalene from petroleum sources, which makes it appropriate for specific uses in advanced chemical manufacturing, electronics, and pharmaceuticals. The growing need for premium naphthalene derivatives and improvements in refining technologies are driving this market’s expansion.
The naphthalene derivatives market, by product, is divided into six types- Sulphonated Naphthalene Formaldehyde (SNF), Phthalic anhydride, naphthalene sulphonic acid, naphthols, alkyl naphthalene sulphonate salts, and others. Since phthalic anhydride is so widely used in the production of plasticizers, dyes, and resins, refined naphthalene commands a significant share of the market. Because of its high purity and reliable quality, it is the best choice for applications with strict requirements. Even though it is a smaller market, alkyl naphthalene is becoming more and more well-known because of its improved qualities, which include higher solubility and stability. These qualities make it useful in specialized applications like surfactants, lubricants, and sophisticated chemical formulations. As industries look for specialized compounds for high-performance products, the market share of this form is increasing.
The naphthalene derivatives market, by end-user, is divided into even types- Paints and coatings, construction, textile, pulp and paper, oil and gas, pharmaceutical, and others. Naphthalene derivatives are becoming more and more used in the construction industry, which offers important market trends and opportunities. These materials, which are frequently derived from coal tar or petroleum, are dispersants and superplasticizers in concrete admixtures. One important trend driving their use is the growing demand for high-performance concrete with better workability, strength, and durability qualities. Naphthalene-based additives exhibit superior slump retention and water reduction properties, rendering them ideal for challenging construction projects requiring precise concrete placement and performance.
During the projected timeframe, it is anticipated that the market for naphthalene derivatives will experience remarkable growth within Asia Pacific owing to its growing economy and booming building and textile industries plus accommodating a burgeoning population. Increased consumption of naphthalene derivatives in manufacturing plants is being driven by their adoption in various sectors such as those producing paints and coatings, chemicals, or pharmaceuticals among others.
The region has a highly knowledgeable integrator base of memristor components because it is home to major players in the market. The demand for naphthalene derivatives in the nation is increasing due to the growing prevalence of automation, IoT, edge computing, flexible electronics, artificial intelligence, and neuromorphic computing. Furthermore, the naphthalene derivatives market is expanding faster thanks to the expanding electronic industry. The nation has a sizable consumer base for the naphthalene derivatives market thanks to its high level of disposable income.
The research includes several key players from the naphthalene derivatives market, such as Jfe Chemical Corporation, Kao Corporation, King Industries, Inc., Manish Minerals & Chemicals, Monument Chemical Inc., PCC SE, Trisha Speciality Chemical Pvt. Ltd., Akzo Nobel NV, BASF SE, Clariant A
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The analytics report categorizes the naphthalene derivatives market using the following criteria:
Segmentation:
Top 10 Applications of AC/DC Converters in Modern Electronics
Thought ArticlesAC-DC converters are vital components across a huge range of sectors and systems, including electronic devices, home appliances, motors, power distribution networks, and renewable energy systems. Their fundamental purpose is to convert AC (Alternating Current) voltage into DC (Direct Current) voltage, which allows DC-powered devices to operate and batteries to charge.
AC-DC converters are integral to the efficient and reliable operation of power electronics in various fields and applications. They provide power to DC loads or batteries by producing a stable output voltage and enabling efficient energy transfer. Therefore, they are essential components in numerous industries and systems within the electronics sector.
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Top 10 Applications
Let’s discuss each one in detail.
1. Power Supply for Consumer Electronics
To ensure that consumer electronics function effectively and securely, AC-DC converters change high-voltage AC power from wall outlets into the low-voltage DC power required for their internal circuitry. These converters, whether as external adapters or internal components, are essential for charging batteries and powering devices.
For smartphones, laptops, tablets, smartwatches, and other personal electronics, efficient power conversion is critical for enhancing battery life, managing heat dissipation, and maintaining stable voltage. These factors are crucial for the reliable operation of sensitive electronic components.
2. Electric Vehicles
In electric vehicles (EVs), on-board AC-DC converters are essential for charging. They convert the AC power from a standard charging station into DC power to store in the vehicle’s battery. A separate component, a DC-AC inverter, is then used to convert the battery’s DC power back into AC to drive the electric motor. Together, these converters ensure efficient energy flow for both charging and propulsion.
The EV Revolution is Powered by Converters
The explosive growth of the Electric Vehicle market is a key driver for AC-DC converter demand. Get our in-depth report on the Global Electric Vehicle Market for detailed forecasts.
The efficiency of these power electronics, particularly on-board chargers (which contain AC-DC converters), directly impacts charging speed, overall vehicle range, and energy consumption. The performance of these systems is a key factor driving the development and adoption of EV technology. This has also increased the adoption of electric vehicles and has led to increased sales. For instance, it is anticipated that sales of electric vehicles in the US will increase by 20% in 2024 over 2023, or nearly half a million more vehicles sold. Furthermore, sales of electric cars in China are expected to increase by nearly 25% from the previous year to around 10 million in 2024 due to the country’s fierce competition and reasonably priced vehicles.
Electric Car Sales, by Region, in Millions, 2023
Source: International Energy Agency
3. Renewable Energy Systems
Renewable sources like wind and solar often generate variable AC power. This power is converted to stable DC using AC-DC converters for energy storage in batteries. When needed, this DC power can be converted back to grid-compliant AC. The ability of modern converters to handle these variable inputs is key to integrating more renewable resources into power grids, enhancing overall stability and reliability. For example, during April 2023, CG Drives & Automation launched its modular Switch Mode Power Supply converter for hydrogen production and fuel cell utilization with very low grid harmonics, along with high adaptability. Emotron Modular Converters were made to meet the strictest Total Harmonic Distortion (THD) rules as well as be efficient and adaptable to suit the dynamic needs of your hydrogen production and storage system.
High-efficiency AC-DC conversion is crucial for maximizing the amount of usable energy generated from renewable sources, improving storage capacity, and supporting grid sustainability.
4. Data Centers
Data centers depend on high-performance AC-DC converters to provide a stable DC power supply to critical infrastructure, including servers, storage systems, cooling systems, and Uninterruptible Power Supplies (UPS). These converters ensure that essential equipment receives constant, reliable power, protecting against outages and surges to prevent data loss.
Maintaining a constant energy delivery is the main goal for data centers, and AC-DC converters help achieve this, thereby preventing data loss, enhancing operational efficiency, and helping ensure high availability. Further, the spread of internet use and the use of cloud computing have increased, which is increasing the demand. For instance, according to data from the International Telecommunications Union, the number of internet users increased to 5.1 billion in 2022, and expanded to 5.4 billion in 2023.
Figure 2: Number of Internet Users, Global, in Billions, 2022 to 2023
Source: International Telecommunication Union
5. Telecommunications Infrastructure
Telecommunications equipment requires a continuously available DC power supply, provided by AC-DC converters, for it to remain operational. Base stations, routers, switches, and other core network infrastructure rely on this stable power to enable reliable data transmissions and connectivity.
Reliable AC-DC conversion ensures that telecommunication networks are continuously functional, enabling essential services such as data transfer, voice communication, and internet access.
6. Industrial Automation
In industrial automation, components like robotics, conveyor systems, and process control machinery rely on AC-DC converters for power. These converters transform the mains AC supply into the precise DC voltages required by sensors, motors, and control systems.
This stable power conversion ensures the accurate control, precise operation, and reliability of automated processes. Efficient AC-DC power supplies are critical for maximizing performance and productivity in industrial settings. MORNSUN, for instance, has been able to develop a variety of products under its multiple-output series, as it continues to increase its assortment of load-bearing multi-output devices such as the LOxx-CBxx series of open-frame single-output AC/DC converters that are cost-effective with high power densities within the LOxx-10Bxx range.
7. Healthcare Devices
Medical devices require a stable and precise DC power supply to function correctly. AC-DC converters provide this crucial power, ensuring the safe and reliable operation of critical tools like patient monitors, diagnostic machines, life-support systems, and medical imaging devices. Reliable power conversion improves patient safety, supports accurate diagnoses, and increases the effectiveness of healthcare delivery.
8. Home Appliances
Modern home appliances such as refrigerators, washing machines, and microwaves use AC-DC converters to power their electronic control systems and variable-speed motors. This allows for smoother operation and more precise control, which leads to greater energy efficiency. By improving the performance of appliances, these converters play a key role in promoting energy savings in the home.
9. Lighting Systems
AC-DC converters are essential for the operation of modern lighting, particularly LED systems. They convert the high-voltage AC from the mains into the low-voltage DC that LEDs require. This conversion is crucial for enabling the high efficiency, long lifespan, and smart control features of LED lighting. By providing a stable DC supply, these converters ensure LEDs operate reliably, generate less heat, and consume significantly less energy than traditional bulbs.
10. Audio & Video Equipment
High-quality audio and video equipment requires a clean and stable power supply to perform optimally. AC-DC converters transform AC mains power into the steady DC voltage needed by sensitive internal components. In audio amplifiers, a clean DC supply is critical for signal amplification, ensuring high-fidelity sound reproduction without noise or distortion.
Similarly, in televisions and media players, AC-DC converters provide various DC voltages to power processors, display panels, and audio circuits. This stable power minimizes electrical interference, allowing video processors and backlights to function correctly, which results in sharp images and accurate color fidelity.
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Memristors Market size worth US$2,536.345 million by 2029
Press ReleasesThe memristors market is expected to grow at a CAGR of 9.83% during the forecasted period, with a market valuation of US$1,586.993 million in 2024, and is expected to reach US$2,536.345 million by 2029.
The memristor is a type of memory that never forgets its data for any form of an increase in the electric current resistance, it is owned by some changing current. Such memory is also called ReRAM. Their information is retained from one cell to another even when devices are off. It has become primarily used in contemporary computing and memory technologies like nanoelectronic memories or neuromorphic computing systems, as it is consistent, quick and trustworthy at the same time.
The growth in the electronics industry has largely facilitated the market development for memristors. In addition, it is anticipated that increasing demand for advanced computing and electronic devices will lead to higher levels of uptake of memristor innovations thus enhancing innovation as well as inventions within this industry. Moreover, the increasing use of data centers in the banking, financial services and insurance (BFSI), healthcare, as well as IT and telecommunications sectors are taking global market growth to new heights. In addition, investments are made by governments of some countries to improve their IT infrastructures, leading to favourable market conditions. In addition, it is anticipated that rising research expenditures towards the development of novel transparent electronics that use memristors as storage will support market expansion in the upcoming years. Transparent electronics are widely used in consumer electronics, energy sources, transportation, and auto windshields that can communicate visual information to the driver.
Further, product categories like mobile phones, laptops and tablets, wearables and wearables, consumer electronics, and other electronic hardware manufacturing are expected to reach production esteem worth US$300 billion by 2025–2026, according to the Vision Document released by the Press Information Bureau (PIB), Government of India. Furthermore, according to the same source, the country also successfully implements production-linked incentive (PLI) programs to increase the manufacturing and export yield of the electronics industry.
Additionally, increased research & development is also leading to the market growth, for instance, a team of Chinese students from Chongqing Normal University studied memristors in March 2024, concentrating on dielectric-layer material systems. Their research aims to explore and evaluate the characteristics and behavior of memristors made of unique dielectric-layer materials, potentially advancing the field of memristor innovation. The design and development of memristor-based devices for various uses in computing systems and electronics may advance as a result of this research.
The memristors market, by type, is divided into two types- Molecular and Ionic Thin film and spin and magnetic. These spin torque memristors’ material and structure are derived from already-developed (and/or commercially available) magnetic devices, and they are simple to integrate on top of a CMOS. Better controllability and flexibility are now possible, enabling nanoscale memristors to fulfil their potential.
The memristors market, by application, is divided into four types- Digital memory, logic circuits, biological and neuromorphic systems, and others. It is anticipated that the high rate of memristor adoption in the digital memory market will significantly increase memristor demand. Memristor-based digital memories are anticipated to displace CMOS in the storage class memory space due to their exceptional performance, which includes quick write speeds, low power consumption, high scalability, cost-friendliness, and compatibility with CMOS fabrication processes. It is anticipated that these elements will accelerate the memristors’ rate of adoption. Of all the memristor-based digital memory technologies, RRAM has undergone the most development.
During the projected timeframe, it is anticipated that the market for memristors will experience remarkable growth within North America. Due to the high rate of R&D investment by local players and the more knowledgeable integrator base of memristor components than other regions, North America is one of the most important markets for memristors. The United States is home to many of the major market players and is also one of the major contributors to most of the applications of memristors, such as edge computing, neuromorphic computing, automotive, flexible electronics, Internet of Things, and industrial robotics in the recent past.
The region has a highly knowledgeable integrator base of memristor components because it is home to major players in the market. The demand for memristors in the nation is increasing due to the growing prevalence of automation, IoT, edge computing, flexible electronics, artificial intelligence, and neuromorphic computing. Furthermore, the memristors market is expanding faster thanks to the expanding electronic industry. The nation has a sizable consumer base for the memristors market thanks to its high level of disposable income.
The research includes several key players from the memristors market, such as Toshiba, Samsung, TECHiFAB, IBM, Fujitsu Limited, Intel, Micron Technology, Inc., Rambus, Hewlett-Packard Enterprise Development LP, Knowm Inc.
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The analytics report categorizes the memristors market using the following criteria:
Segmentation: