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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...

Future Business Opportunities in Shea Butter Market

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Shea Butter is a triglyceride-rich vegetable oil or fat that has been extracted. It's an ivory or off-white coloured chemical isolated from Vitellaria paradoxa's nut (African Shea tree). Shea butter is a sustainable source of edible fat that is utilised in cosmetics and the chocolate industry as a vegetal supply of stearic acid. According to the Food and Drug Administration (FDA), natural cosmetics sales in Europe increased by 6% in 2015, while sales in North America increased by 7%, compared to global natural cosmetics growth of 2.5 percent. According to the United States Agency for International Development (USAID) and other companies, Shea butter can be classified into five grades: A (raw or unrefined, extracted with water), B (refined), C (highly refined, extracted with solvents such as hexane), D (lowest uncontaminated grade), and E (highly refined, extracted with solvents such as hexane) (with contaminants). Shea butter is used in the food and beverage sector to replace...

Global Astaxanthin Market Outlook – Increasing Pharmaceutical Applications are expected to be the Major Market Driver

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Astaxanthin is a reddish brown pigment that belongs to the carotenoids family of compounds. It's found naturally in certain algae and gives trout, salmon, shrimp, lobsters, and other shellfish its red or pink colour. Astaxanthin derived from yeast or fungi, as well as synthetic astaxanthin, have recently gained favour. Astaxanthin is commonly used orally and has been shown to help with a variety of chronic illnesses. It's been used to treat Alzheimer's disease, Parkinson's disease, liver problems, high cholesterol, and macular degeneration for a long time. In recent years, a plethora of astaxanthin medicines have invaded the market. The most promising Astaxanthin Market manufacturers are predicted to be Asia Pacific and North America. Over the forecast period, Asia Pacific is expected to increase at a comparatively high rate in terms of value. This might be linked to the pharmaceutical industry's predicted growth, particularly in emerging markets like China and...

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