Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Liquid Chocolates Market Overview, Market Dynamics and Outlook

Liquid chocolate is frequently used to top a variety of pastries or to lend a characteristic sweet flavour to milk beverages. Phytochemicals, which are antioxidants, are found in cocoa. Chocolates are classified as dark, milk, or white based on the amount of cacao in them.

Market Dynamics

Liquid chocolates are commonly purchased for special occasions and festivals such as Valentine's Day, Easter, Halloween, and Christmas, as well as weddings, birthdays, anniversaries, mother's day, and other celebrations. Demand for liquid chocolates is increasing as people become more aware of the health advantages of chocolate. Flavonoids, such as epicatechin, catechin, and procyanidins, are antioxidants found in chocolate. The consumption of foods high in flavonoids lowers the risk of heart disease. Dark chocolate protects the skin from UV damage, promotes blood flow to the skin, hydrates the skin, and helps the brain operate better.

Market Outlook

Food sector has dominating position in the market in 2018 and is likely to maintain its dominance over the forecast period. Chocolate syrups are commonly used to embellish and flavour a wide range of baking and confectionary products.

In 2018, Europe had the greatest market share of the worldwide liquid chocolates market. Chocolate events and festivals are becoming increasingly popular in Europe. For example, Eurochocolate, the ultimate chocolate event held in the Umbrian town of Perugia in central Italy, is Europe's largest chocolate festival, attracting about 900,000 visitors each year.

Liquid Chocolates Market
Liquid Chocolates Market


Several Asian countries, including Sri Lanka, Malaysia, Indonesia, the Philippines, and Papua New Guinea, are important cocoa producers. According to the International Cocoa Organization, Indonesia produced roughly 2.8 billion tonnes of cocoa between 2017 and 2018, with the rest of Asia Pacific accounting for 0.88 billion tonnes. As a result of these characteristics, liquid chocolate manufacturers in these countries have a possibility for growth.

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