Mineral Supplements Industry Has the Largest Share in Asia-Pacific

It is stated by an expert at a market research institution, P&S Intelligence, the total revenue generated by the mineral supplements market will reach USD 21 billion by 2030, powering at a rate of 5.3% in the years to come. 

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This has a lot to do with the increasing acceptance of these products for reducing the probability of a number of chronic diseases, such as osteoporosis, anemia, and cancer.

Calcium had the largest share of revenue, of over 26%, in the recent past. This is due to the increasing cases of osteoporosis globally, mostly in the elderly population and women. 

Furthermore, the introduction of innovative calcium-based tablets by pharma companies is resulting in enhanced demand for them globally. 

Potassium will have the fastest growth in the years to come, because of the growing consciousness concerning the benefits of this nutrient, like the formation of a fluid balance in the body, smooth muscle tightening, and continuous transmission of nerve impulses.

Tablets dominated the mineral supplements market, on the basis of their formulation. This is because tablets are a perfect form of dosage, lucrative, easily obtainable, and have an extended shelf life. 

APAC  had the largest share of above 50%, mostly credited to the growing occurrence of chronic diseases and the presence of numerous stalwarts. Also, the advent of contract manufacturing firms in the Philippines, India, and China, will offer substantial predictions for the advancement of the region. 

Furthermore, the speedily increasing disposable income and strengthening emphasis on adopting a healthy lifestyle are leading to a surge in the industry. 

In addition, the mounting count of fitness centers, health clubs, and gyms, accompanied by the surging consciousness about fitness amongst youngsters will power the demand for these products.

It is because of the growing implementation of preventive healthcare practices all over the world, the demand for mineral supplements will grow even more in the years to come.

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Live Laser-Based Training and Simulation Platforms Market Will Reach USD 1,791 Million by 2030

 In 2022, the live laser-based training and simulation platforms market was worth around USD 1,082 million, and it is projected to advance at a 6.50% CAGR from 2022 to 2030, hitting USD 1,791 million by 2030, according to P&S Intelligence. 

Such platforms are unutilized for training and gaining live learning practices because of their lucrative nature and capability to make lifelike conditions, thus offering vital hands-on experience in a harmless and controlled environment.

The surge in air traffic and the quantity of commercial aircraft, rise in the utilization of the internet, hike in the demand for improved soldierly training, growth in the acceptance of smartphones and other electronic devices, substantial development in e-learning enrolment, as it supports pupils in gaining cognitive enhancements; and improvements in the virtual training and simulation technology together rouse the market growth.

The growing awareness regarding these platforms has led to their increasing acceptance, which is projected to boost the development of the industry. This growth can be ascribed to the rising applications of virtual training and simulation software in several industries, defense and security, aviation, entertainment, education, mining, healthcare, energy, and transportation.

In 2022, based on application, the flight simulation category led the industry. This is because of the substantial growth in the price of the manufacturing of aircraft, high hazards linked with military and civil aviation, the surge in the expenditure on flying actual aircraft, and the high-volume consumption of the costly ATF.

Flight simulators contribute aspiring and even trained pilots in order to test, maintain and develop their ability in flying, without endangering the public or property, and for a lot reduced cost than actual flying lessons involve, by offering immersive, realistic experiences.

Furthermore, the growth in war-like circumstances, for example, the attack on Ukraine by Russia, has led to a surge in the funds for military aviation, which will remain to subsidize the development of the category in the future as well.

North America, generated the highest revenue share, of approximately 36%, in the live laser-based training and simulation platforms market in 2022. This growth can be credited to the fact that the region is home to two of the major economies in the globe, both of which are also industrially progressive; the growing funding by the regional governments in R&D also contributes to the growth of the market.

For example, the U.S.’s backing for military research and development augmented by 24% between 2012 and 2021, according to the SIPRI.

Hence, such platforms are unutilized for training and gaining live learning practices because of their lucrative nature and capability to make lifelike conditions, such factors are contributing to the growth of the live laser-based training and simulation platforms industry.

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Milking Automation Market Will Reach USD 1,796 Million by 2030

 The milking automation market was USD 1,030 million in 2022, and it is predicted to reach USD 1,796 million by 2030, rising at a rate of 7.20% during the forecast period as per a report by a market research institution, P&S Intelligence. 

This is mainly credited to the reduction of labor expenses with the use of automated animal husbandry technology. 

Additionally, farm acquisition with the rising demand for purity and high-quality dairy products, government support for automation farming, and the increasing average herd size is driving the industry.

The milking automation market was dominated by the dairy and cattle category in 2022, and it will continue its dominance in the years to come. 

Brazil, India, the U.S., Pakistan, and China are the major milk producers in the world, due to their massive cattle population. The largest cow milk producers are in the U.S. and India.

The highest revenue was generated by the hardware category, and it will continue like this in the future.  Hardware is the main part of an automated milking system. Parlors and dairy farms all over the globe are adopting pipeline milking systems and automated milking equipment. 

As a result of the rapid economic development and rising demand for milk in Malaysia, Japan, China, India, and Singapore, APAC will propel at the highest rate of 8.1%. 

In the APAC, the largest share is held by China, Australia, and India combined, due to their massive population growth. Additionally, customers are more aware of the quality of dairy products. The automated milking rotaries help in ensuring better product quality by allowing easier and effective cleaning.

Dairy farmers in developing countries are accelerating the adoption of milking automation systems by acquiring smaller businesses and combining them with larger ones because it is every now and then impossible for small farms to retain the staff or implement the technology. 

Additionally, the implementation of advanced systems and the number of milking points have been driven by the increasing herd size in India, the U.S., New Zealand, and Australia. By adopting automated milking systems and other advanced technology, the problems of staff retainment can be eliminated.  

To meet the demand for milk, small and medium-scale farms are working together by adopting automated milking. 

Moreover, due to the rising focus of governments around the world on dairy farming, growing herd size, and the increasing income of farmers in under-developed regions, the demand for advanced milking solutions will increase significantly.     

Due to the increasing herd size, strong government support for automated animal husbandry, rising demand for milk, the milking automation industry will grow significantly in the near future.

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What are the Main Uses of Phosphoric Acid?

We are all surrounded by chemicals, left right and center, and Phosphoric acid is one of that. Phosphoric acid is used in agriculture, various industries, and even in homes. It is also known as orthophosphoric acid, one of the extensively used acids. It contains three hydrogen atoms, one of phosphorus, and four of oxygen. 

Therefore, the chemical formula of this acid is H3PO4. This is an acid which has a variety of uses. In this blog, we will read about the various used of phosphoric acid.

Let us dive into some of them:

It Helps in the Removal of Rust

Rust removal is a common use of phosphoric acid. It acts as a rust converter on its application to corroded surfaces. It converts reddish-brown iron, to black-colored ferric phosphate. 

After this, the black coating can be easily cleaned off, revealing the fresh metal surface to the world in its full magnificence.

 It Comes Good in Food Processing

Phosphoric acid is employed as an additive to acetify beverages and food, such as several colas. It renders a sour or tangy taste, and as it is produced in large quantity, this chemical is not that difficult to procure for the people either.  

Many people are of the opinion that, it has some ill effects for the human health but, there are no major evidences about phosphoric acid hurting the health of a person that bad. And, the fact of the matter is that, it is used in the processing of food and beverages.

It is Used in Medical and Dentistry

This chemical is extensively used in dentistry and medicine. It is used as an element in over-the-counter anti-nausea medicines, which also contain high sugar, that is, fructose and glucose.

 When we talk about the use of the same in dentistry, this is combined with zinc powder for the formation of zinc phosphate, used as a temporary dental cement. 

It is also employed in orthodonture as an etching solution, for cleaning and roughen the surface of teeth before the placing of brackets and other dental appliances. This is also used in more than a few teeth whitening solutions for doing away with plaque present on the teeth surface.

What are Some Other Uses of the Same?

This chemical is employed as an electrolyte in phosphoric acid fuel cells. It is also employed as a cleaner in the trades related to construction, for removing cement smears, mineral deposits, and stains of hard water.

It is because of the growing production of phosphate composites, the demand for phosphoric acid is on the rise, and the total value will reach a value of USD 63,186.8 million by the end of this decade.

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APAC Dominated the Global Agricultural Micronutrients Market

The size of the agricultural micronutrients market was USD 4,321.9 million in 2022, and it will grow at a CAGR of 8.5% during 2022–2030, to reach USD 8,322.1 million by 2030, as per a report of a market research firm P&S Intelligence.

There is a necessity to improve productivity, but it is hindered because of micronutrient deficiencies in plants and correspondingly, bio-magnification in food chain. These factors have a major role to play in improving the growth of the plants and edaphic qualities of soil, and are thus, will steer the demand in the years to come.

Also, the growing demand for cereals and grains, which has a lot to do with the growing population and diversifying nutritional requirements of people, will propel the acceptance rates for micronutrients therefore boost the growth in the years to come.

Also, this has several economic advantages to agricultural installations and farmlands by plummeting the time taken in the process of application. This is because of comparative ease of application in the plants in growing phase over application in mature plants. 

In that way, the application via soil category will be propelled by several factors and will also witness growth in the years to come.

In coherence to same, different departments of the Indian government have launched a number of policies, including subsidies on fortified seeds, commencement of SHCs, and regularization of contract farming. Ultimately, these factors will be responsible for an increase in the demand.

 It is because of the deteriorating quality of the soil in agricultural fields and increasing knowledge of the public about the advantages of micronutrients, the demand for agricultural micronutrients will increase leaps and bounds in the near future at the global level.

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Growth from the Ground Up: An Analysis of the Organic Fertilizers Market and Its Sustainable Solutions for Agriculture

The value of the organic fertilizers market was USD 5,864 million in 2022, and it is will advance at a CAGR of 12.1% in the years to come, to reach USD 14,622 million by 2030, as per a market research company, P&S Intelligence.

Cereals & grains held the largest share of 62.8%, and it will maintain its position in the coming years. This growth has a lot to do with, such agrochemicals are generally used in turf & ornamental plants, cereals & grains, fruits & vegetables, oilseeds & pulses, and other kinds of crops.

Moreover, the requirement for cereals & grains is also increasing since they can be effortlessly produced and gives high yields.The animal-based category had the largest share of 63.2% and the trend will be the same in the years to come. The necessity for animal-sourced fertilizers has grown quickly. The growing importance of animal-based fertilizers is the main factor pushing the expansion of the industry.

Furthermore, fertilizers produced from bone meal, animal waste, and blood meal, are rich in phosphorous, potassium, and nitrogen, which are the main nutrients desirable by plants. So, because of above benefits of animal-based fertilizers, their use is quickly surging.

The solid category had the larger market share in the recent past, and it will continue its dominance in the future. This is because of the greater ease of usage of granular-form fertilizers than the liquid ones. The solid form of fertilizers is generally used for lawn and garden uses, because of its ongoing effect and easy obtainability of raw material.

APAC had a significant growth in the organic fertilizers market, and will remain the same in the years to come. This growth is mostly credited to the increasing health consciousness amongst the broad cultivation land, customers, increasing population & growth of per capita income, and improved mechanization and irrigation competences.

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Driving the Future of Automotive Aftermarket in Southeast Asia: The Growing Dominance of E-Commerce

 In 2022, the Southeast Asian e-commerce in the automotive aftermarket was worth around USD 3,819.8 million, and it is projected to advance at an 11.4% CAGR from 2022 to 2030, hitting USD 9,184.6 million by 2030, according to P&S Intelligence.

This growth can be credited to the utilization of these channels increasing as a result of increasing levels of digitalization and internet utilization across Southeast Asia, also the growing customer knowledge regarding product details and other advantages of online shopping.

Moreover, the market enlargement is supported by the variations in the automotive aftermarket as a whole, credited to a surge in the count of vehicles in operation and their aging, also the growth in the occurrence of road accidents.

In the past few years, Thailand held the largest revenue share in the market, and it is projected to grow at a CAGR of approximately 11% in the coming few years. This is mainly because of its substantial population, costly vehicle industry with amply of OEMs, rapid urbanization, and rising per-capita income of people.

The market is also set to experience profit from technology enhancements, fleet owners' rising knowledge and usage of quality replacement parts, and the government steps associated with passenger and vehicle protection.

The automotive aftermarket has sighted the growth of a DIY culture because of the growing trend of vehicle customization, with vehicle holders and auto devotees customizing their vehicles. While maintenance and service amenities and specialists have factually been the primary customers for vehicle parts builders, DIY fans now account for a generous portion of the sales of components via e-commerce channels. This increasing customer base would be beneficial for the automotive aftermarket.

The equipment category is all set to experience the fastest Southeast Asian e-commerce in automotive aftermarket growth at a CAGR of approximately 12%. This can be credited to the trend of advancing the several pieces of the machine of vehicles over time and the obtainability of an extensive variety of items on online channels.

A huge number of e-retailers, including Wal-Mart Stores Inc., Alibaba Group Holding Ltd., and Amazon.com Inc., provide automotive equipment on their platform, therefore creating access simple for consumers.

The quick digitization throughout the globe is basically projected to make opportunities for the enhancements of online services. E-commerce has allowed customers to buy items from any place and compare the cost of different items with just a swipe on a smartphone screen. The matter of fact that customers are progressively shifting toward online shopping has had a great influence on the courier sector.

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