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...

Fructose Market Global Industry Insights, Trends, Size, Share, Outlook and Opportunity Analysis, 2018-2026

Fructose is a monosaccharide present in a variety of fruits, vegetables, and honey. Its primary application is in the food and beverage business. It's made commercially by processing sugar or corn, and because of its low calorie content, it's a popular artificial sweetener. The demand for fructose is predicted to rise steadily over the world. This is primarily due to increased global awareness of healthy eating habits, which has resulted in increased demand for fructose. Fructose is less expensive than sugar and is available in a liquid form at room temperature, making storage and shipping a breeze. Frequent consumption of fructose, on the other hand, is said to impair liver function and raise uric acid levels.

Market Outlook

North America is a significant fructose user. Because of the ever-increasing population and the health risks posed by synthetic artificial sweeteners, demand for fructose-based goods has risen. In the United States, HFCS has replaced sugar as a sweetener in a variety of items, including beverages and processed foods.

Two of the world's most populous countries are found in Asia Pacific. The combination of a quickly growing population and a fast growing economy has resulted in an increase in the demand for fructose in these economies. In rising economies, China and India have the highest rates of diabetes, which could contribute to an increase in demand for fructose-based goods in these countries. In Asia-Pacific, Japan is another large HFCS consumer.

The fructose market in Latin America is just getting started. Due to the region's growing population, Brazil, Chile, and Argentina are projected to keep up with demand. Consumer expenditure on sugar-free drinks and beverages is likely to rise as discretionary income in the region rises.

Concerns about well-being and nutrition are relatively new in African regions, and diet products have a lower market penetration rate, resulting in an upward growth trajectory for the fructose industry. Following the abolition of quotas in 2017, Agribenchmark, a global non-profit agriculture association, predicts that HCFS will account for 30% of European sugar content.

 

Fructose Market
Fructose Market

The ever-increasing need for sweeteners in the food and beverage industry is driving the fructose market globally. However, changing lifestyles and rising health concerns among emerging market consumers are limiting the market's growth to some extent. Because high fructose consumption is linked to an increase in the incidence of obesity and diabetes, a healthier option, zero calorie sweeteners, is gaining popularity among consumers, limiting the global fructose market's growth. Atlantic Chemicals Trading GMBH, A & Z food additives Co. are some of the major companies in the worldwide fructose market. Biovittoria Limited, Cargill Incorporated, Celanese Corporation, Cumberland Packing Corporation, and Dulcette are among the companies.

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