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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...

Shea Butter Market Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

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  Shea Butter Market Shea butter is made from the nuts of the Vitellaria Paradoxa tree, which is endemic to West Africa, as well as the Vitellaria Nilotica variation. It contains rare proteins as well as minerals such as potassium and magnesium. Shea butter is utilised as a substitute for vegetable oils and fats in the food and beverage industry, particularly in the chocolate and confectionary industries. Due to the vast number of companies in the shea butter market, the competition landscape is highly fragmented. International players and players from West Africa, mainly Nigeria, Ghana, Burkina Faso, and Mali, make up the majority of this group. Variations in government policies, as well as a substantial unorganised sector, contribute to the market's complications. Several Shea Butter market players have made increasing manufacturing capabilities a priority. Ghana Nuts, for example, has opened a 3000 metric tonne mega-facility in Tema in order to grow its exports to Europe. Such...

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...

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