Network Attached Storage (NAS) Market to Witness Remarkable Growth, Expected to Reach USD 51.0 Billion by 2028, at a CAGR of 12.1%

“Network Attached Storage (NAS) Market”
Network Attached Storage Market Size is expected to reach USD 51.0 billion by 2028 from USD 25.7 billion in 2022 to grow at a CAGR of 12.1% from 2022 to 2028.

CHICAGO, Dec 07, 2023 – The global Network Attached Storage (NAS) Market is experiencing substantial growth, with a projected increase from USD 25.7 billion in 2022 to USD 51.0 billion by 2028, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period. These insights are derived from a comprehensive report by MarketsandMarkets, a leading market research and consulting firm.

The growing need for centralised, scalable storage across industries is met by Network Attached Storage (NAS) solutions, which offer effective data storage and retrieval capabilities over a network. The increasing amount of digital data, the use of cloud-based storage solutions, and the increased focus on data security and management are some of the reasons that are expected to propel the market’s expansion. The study analyses major competitors in the global network attached storage market and examines important market categories, growth factors, obstacles, and opportunities.

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Key Segments:

Design Type Segment: The NAS market includes various design types, such as 1-Bay to 8-Bay NAS, 8-Bay to 12-Bay NAS, and above 12-Bay NAS, each designed for different storage capacities and applications.

Storage Solution Segment: NAS solutions offer various storage solutions, including Scale-up NAS and Scale-out NAS, catering to different scalability requirements for data storage.

End-User Segment: The market serves diverse end users, including enterprises, small and medium-sized businesses (SMBs), and individual consumers, each with unique data storage and management needs.

Browse 310 market data Tables and 64 Figures spread through 360 Pages and in-depth TOC on “Network Attached Storage (NAS) Market by Design, Product, Storage Solution, Deployment Type, End-user Industry & Region – Global Forecast to 2028”

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Network Attached Storage (NAS) Market

Growth Drivers:

Rising Volume of Digital Data: The exponential growth of digital data generated across industries, driven by factors such as IoT, video content, and big data analytics, fuels the demand for scalable and efficient data storage solutions.

Adoption of Cloud-Based Storage: The increasing adoption of cloud-based storage solutions and hybrid cloud architectures contributes to the growth of NAS, providing seamless integration with cloud services.

Emphasis on Data Management and Security: The growing emphasis on effective data management, backup, and security, especially in the context of remote work and digital transformation, drives the demand for NAS solutions.

Challenges:

High Initial Implementation Costs: The high initial implementation costs associated with advanced NAS solutions may pose challenges, particularly for small businesses and budget-constrained organizations.

Complexity in Integration: The complexity of integrating NAS solutions with existing IT infrastructures, applications, and workflows can be a challenge, impacting seamless deployment.

Opportunities:

Emerging Applications in Media and Entertainment: The emergence of new applications in media and entertainment, such as 4K and 8K video production, creates opportunities for high-capacity NAS solutions.

Increased Adoption in Healthcare: The increased adoption of NAS in healthcare for efficient data storage, retrieval, and secure access presents opportunities for market growth.

Key Players:

The report identifies key players in the global Network Attached Storage market, including:

NetApp, Inc.: A global leader in data management and storage solutions, offering a range of NAS products for enterprises and businesses.

Dell Technologies Inc.: A multinational technology company providing storage solutions, including NAS, for various applications and industries.

Synology Inc.: A Taiwan-based company specializing in NAS solutions for individuals and businesses, offering a range of scalable and user-friendly products.

Hewlett Packard Enterprise (HPE): A multinational information technology company providing NAS solutions for enterprises and organizations.

Western Digital Corporation: A data storage company offering NAS solutions, including WD Red NAS hard drives, for home and business users.

The growing requirement for scalable and effective data storage solutions in the digital age is expected to propel the worldwide network attached storage market to significant growth. NAS is anticipated to have a significant impact on how storage infrastructure develops in the future as long as businesses continue to place a high priority on data management and security.

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EDsmart Releases 2024’s Best Online Colleges in South Carolina Ranking

EDsmart.org, a nationally recognized publisher of college resources and rankings, has released the 2024 edition of the Best Online Colleges in South Carolina.

EDsmart’s ranking of the Best Online Colleges in South Carolina is the most comprehensive and well-rounded to date. The ranking includes only fully accredited schools. Rankings are based on affordability, salary after attending, student satisfaction, and student outcome, according to data gathered from the U.S. Department of Education.

“As online degrees become more prevalent, it is important to recognize the colleges and universities that go above and beyond,” said Tyson Stevens, managing editor of EDsmart. “Our goal is to highlight these schools and their commitment to higher education.”

“The Best Online Colleges in South Carolina ranking allows students to compare accredited programs and find those that best fit their education interests and career goals,” said EDsmart’s spokesperson. “Beyond providing affordable education, a college is not successful if it does not graduate its students, which is why EDsmart rankings place a high value on outcomes, including graduation and retention rates, and post-graduation earnings.”

The EDsmart 2024 ranking for the Best Online Colleges in South Carolina ranks Citadel Military College of South Carolina #1 as the best college offering online degrees in South Carolina with University of South Carolina-Columbia and Anderson University following.

The complete rankings are as follows:

Citadel Military College of South Carolina

University of South Carolina-Columbia

Anderson University

Coastal Carolina University

University of South Carolina-Upstate

Winthrop University

North Greenville University

Southern Wesleyan University

University of South Carolina Aiken

Anderson University

Columbia International University 

University of South Carolina Beaufort

South Carolina State University

University response to EDsmart rankings has been very positive. Sharing the rankings on their websites and via social media has helped schools attract new students and excite existing students and alumni.

The rankings and data were produced for EDsmart, a leading higher education research organization. All evaluated data was gathered from IPEDs, the U.S. Department of Higher Education, school websites, and other reputable sources.

The rankings have been published at 

Best Online Colleges South Carolina 2024

About EDsmart

EDsmart reviews publicly available data to produce independent ranking assessments of various educational programs, in addition to student guides and resources. The site is regularly updated by a committed team of writers and researchers, who produce college rankings and resources that will help prospective and current college students get into, pay for, and thrive at the college of their choice.

Email: tstevens@edsmart.org

Web: http://www.edsmart.org

Media Contact
Company Name: EDsmart
Contact Person: Tyson Stevens
Email: Send Email
Phone: (707) 595-0736
City: Draper
State: UT
Country: United States
Website: https://www.edsmart.org/

 

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EDsmart Releases 2024’s Best Online Colleges in Florida Ranking

EDsmart.org, a nationally recognized publisher of college resources and rankings, has released the 2024 edition of the Best Online Colleges in Florida.

EDsmart’s ranking of the Best Online Colleges in Florida is the most comprehensive and well-rounded to date. The ranking includes only fully accredited schools. Rankings are based on affordability, salary after attending, student satisfaction, and student outcome, according to data gathered from the U.S. Department of Education.

“As online degrees become more prevalent, it is important to recognize the colleges and universities that go above and beyond,” said Tyson Stevens, managing editor of EDsmart. “Our goal is to highlight these schools and their commitment to higher education.”

“The Best Online Colleges in Florida ranking allows students to compare accredited programs and find those that best fit their education interests and career goals,” said EDsmart’s spokesperson. “Beyond providing affordable education, a college is not successful if it does not graduate its students, which is why EDsmart rankings place a high value on outcomes, including graduation and retention rates, and post-graduation earnings.”

The EDsmart 2024 ranking for the Best Online Colleges in Florida ranks University of Florida #1 as the best college offering online degrees in Florida with Florida State University and Florida International University following.

The complete rankings are as follows:

University of Florida

Florida State University

Florida International University

University of Central Florida

University of South Florida

University of North Florida

University of Miami

Florida Atlantic University

The University of West Florida

The Baptist College of Florida 

Nova Southeastern University

Saint Leo University

Everglades University

Keiser University-Ft. Lauderdale

Florida Institute of Technology

University response to EDsmart rankings has been very positive. Sharing the rankings on their websites and via social media has helped schools attract new students and excite existing students and alumni.

The rankings and data were produced for EDsmart, a leading higher education research organization. All evaluated data was gathered from IPEDs, the U.S. Department of Higher Education, school websites, and other reputable sources.

The rankings have been published at https://www.edsmart.org/accredited-online-colleges/florida/

About EDsmart

EDsmart reviews publicly available data to produce independent ranking assessments of various educational programs, in addition to student guides and resources. The site is regularly updated by a committed team of writers and researchers, who produce college rankings and resources that will help prospective and current college students get into, pay for, and thrive at the college of their choice.

Email: tstevens@edsmart.org

Web: http://www.edsmart.org

Media Contact
Company Name: EDsmart
Contact Person: Tyson Stevens
Email: Send Email
Phone: (707) 595-0736
City: Draper
State: UT
Country: United States
Website: https://www.edsmart.org/

 

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EDsmart Releases 2024’s Top Community Colleges in California Ranking

EDsmart.org, a nationally recognized publisher of college resources and rankings, has released the 2024 edition of the Top Community Colleges in California.

EDsmart’s ranking of the Top Community Colleges in California is the most comprehensive and well-rounded to date. The ranking includes only fully accredited schools. Rankings are based on affordability, academic quality, student satisfaction, and student outcome, according to data gathered from the U.S. Department of Education.

“As online degrees become more prevalent, it is important to recognize the colleges and universities that go above and beyond,” said Tyson Stevens, managing editor of EDsmart. “Our goal is to highlight these schools and their commitment to higher education.”

“The Top Community Colleges in California ranking allows students to compare accredited programs and find those that best fit their education interests and career goals,” said EDsmart’s spokesperson. “Beyond providing affordable education, a college is not successful if it does not graduate its students, which is why EDsmart rankings place a high value on outcomes, including graduation and retention rates, and post-graduation earnings.”

The EDsmart 2024 ranking for the Top Community Colleges in California ranks Mt. San Antonio College #1 as the best community college in California with Moorpark College and Irvine Valley College following.

The complete rankings are as follows:

Mt. San Antonio College

Moorpark College

Irvine Valley College

Golden West College

College of San Mateo

Imperial Valley College

Ventura College

Santiago Canyon College

Canada College

Oxnard College

Sierra College

Grossmont College

College of Sequoias

Porterville College

Yuba College

University response to EDsmart rankings has been very positive. Sharing the rankings on their websites and via social media has helped schools attract new students and excite existing students and alumni.

The rankings and data were produced for EDsmart, a leading higher education research organization. All evaluated data was gathered from IPEDs, the U.S. Department of Higher Education, school websites, and other reputable sources.

The rankings have been published at:

Top 15 Community Colleges in California

About EDsmart

EDsmart reviews publicly available data to produce independent ranking assessments of various educational programs, in addition to student guides and resources. The site is regularly updated by a committed team of writers and researchers, who produce college rankings and resources that will help prospective and current college students get into, pay for, and thrive at the college of their choice.

Email: tstevens@edsmart.org

https://www.edsmart.org

Media Contact
Company Name: EDsmart
Contact Person: Tyson Stevens
Email: Send Email
Phone: (707) 595-0736
City: Draper
State: UT
Country: United States
Website: https://www.edsmart.org/

 

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EDsmart Releases 2024’s Best Online Colleges Ranking

EDsmart.org, a nationally recognized publisher of college resources and rankings, has released the 2024 edition of the Best Online Colleges.

EDsmart’s ranking of the Best Online Colleges is the most comprehensive and well-rounded to date. The ranking includes only fully accredited schools. Rankings are based on affordability, salary after attending, student satisfaction, and student outcome, according to data gathered from the U.S. Department of Education.

“As online degrees become more prevalent, it is important to recognize the colleges and universities that go above and beyond,” said Tyson Stevens, managing editor of EDsmart. “Our goal is to highlight these schools and their commitment to higher education.”

“The Best Online Colleges ranking allows students to compare accredited programs and find those that best fit their education interests and career goals,” said EDsmart’s spokesperson. “Beyond providing affordable education, a college is not successful if it does not graduate its students, which is why EDsmart rankings place a high value on outcomes, including graduation and retention rates, and post-graduation earnings.”

The EDsmart 2024 ranking for the Best Online Colleges ranks American Public University System #1 as the best college offering online degrees with University of Missouri-St Louis and University of Cincinnati following.

The complete rankings are as follows:

American Public University System

University of Missouri-St. Louis

University of Cincinnati

Trine University

Western Governors University

Columbia Southern University

University of Houston-Downtown

Valley City State University

SUNY Empire State College

Miami University-Middletown

Miami University-Hamilton

Logan University

Wilmington University

Franklin University

Brigham Young University-Idaho

The Baptist College of Florida

University of Alaska Fairbanks

Georgia Highlands College

Hallmark University

University of Alaska Southeast

University of Maine at Presque Isle

Eastern New Mexico University

Polk State College

Louisiana State University-Alexandria

Cameron University

Great Basin College

Franklin University

University response to EDsmart rankings has been very positive. Sharing the rankings on their websites and via social media has helped schools attract new students and excite existing students and alumni.

The rankings and data were produced for EDsmart, a leading higher education research organization. All evaluated data was gathered from IPEDs, the U.S. Department of Higher Education, school websites, and other reputable sources.

The rankings have been published at

Best Online Colleges & Universities 2024

About EDsmart

EDsmart reviews publicly available data to produce independent ranking assessments of various educational programs, in addition to student guides and resources. The site is regularly updated by a committed team of writers and researchers, who produce college rankings and resources that will help prospective and current college students get into, pay for, and thrive at the college of their choice.

Email: Click to Email Tyson Stevens

Web: http://www.edsmart.org

Media Contact
Company Name: EDsmart
Contact Person: Tyson Stevens
Email: Send Email
Phone: (707) 595-0736
City: Draper
State: UT
Country: United States
Website: https://www.edsmart.org/

 

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The Grief Recovery Method Helps Make the Holidays a Bit Brighter for Those Dealing with Loss

The Grief Recovery Method Helps Make the Holidays a Bit Brighter for Those Dealing with Loss

Bereavement Counselor Denise Tarquinio of The Grief Recovery Method
Bereavement Counselor, Denise Tarquinio, Offers Evidence-Based Grief Recovery Method Program

December 7, 2023 – While the Holiday Season brings with it joy and good cheer, for many it’s a difficult time filled with grief, be it from the loss of a loved one or pet, a divorce, or anything else that causes heartbreak. To help those experiencing the deep emotional pain of loss, Bereavement Counselor Denise Tarquinio offers The Grief Recovery Method, helping them rediscover happiness and find a renewed purpose.

The Grief Recovery Method is the only evidence-based Grief Recovery Program in the world, offering an action-based and directed approach to healing from life’s deepest heartaches, including pet loss. The Grief Recovery Method One-on-One Coaching Program pairs participants with a Certified Specialist who guides them through the following transformations: 

  • Find Moments of Peace

  • See Glimpses of Joy Returning to Your Life

  • Start to Rebuild Connections with Understanding Friends

  • Feel the Emptiness Inside Begin to Fill with Supportive Relationships

  • Regain Your Energy

  • Feel Less Burdened by the Weight of Sadness

  • Rediscover Your Spirituality

  • Find Meaning in Your Journey

  • Open Up to Family and Friends About Your Feelings

  • Rebuild a Social Life

  • Regain a Sense of Belonging

The Grief Recovery Method has been life-changing for me and those I have been able to coach through this series of small steps,” says Melissa M. “The Method allowed me to move through the pain of several losses and come to a place where the memories no longer bring incredible pain and sadness but allow some joy to shine through. It taught me to grieve naturally and helped with those undelivered emotions, dreams, and expectations.”

“I was doing the program to help my children, not realizing I needed it for myself”, recounts Sarah T. “I learned, however, that I can best help others by completing my own losses. Denise’s empathy made me feel free to open up about my grief. In the process, I not only learned more about myself but also learned how to heal from past hurts that I hadn’t even realized I was holding onto. I am grateful for this program and believe anyone can benefit from it, even those who do not realize that they are struggling with unresolved grief.” 

The Grief Recovery Method offers One-on-One sessions with an Advanced Certified coach, in-person group settings as well virtual programs to help people heal from loss. Over eight weeks, participants will learn how to heal, including how to help the children in their lives deal with the grief they may be experiencing. Discover more at GracetoGrieve.Com

Denise Tarquinio holds a Master’s Degree in Counseling and is a Bereavement Counselor, Hospice Chaplain, Board Certified Life Coach, and  Enneagram Coach. She is also a Certified Advanced Grief Recovery Specialist and an Advanced Directive Educator, aiding her passion for helping others through their journey of loss. Additionally, Denise facilitates her spiritual growth through individual and group Bible Study while finding a creative outlet through her hobby of distressing furniture.

For more information, please contact  Denise Tarquinio at:gracetogrievecoach@gmail.com

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Website: GracetoGrieve.Com

Korean Cosmetics OEM ODM Special Feature, Happy L&B Accelerates Its Cosmetics OEM Business with a Focus on Customer Satisfaction

Expanding Domestic and International Client Base with Customized Product Offerings at Competitive Prices, Aiming to “Become a K-Beauty Partner”.

Happy L&B, a cosmetics OEM (Original Equipment Manufacturer) company dedicated to customer satisfaction with the slogan “Making the World Healthy and Beautiful”, is accelerating its global market expansion, aligning with the ‘K-Beauty’ trend.

As a specialist in custom cosmetic research, manufacturing, and production, Happy L&B focuses on both OEM (Orderer Development Mode) and ODM (Producer Development Mode). They have expanded their realm in the cosmetics OEM and ODM sector, based on superior manufacturing infrastructure, proprietary technology, and high-quality raw materials.

They have been concentrating on developing new products targeting not only the high-end cosmetics market but also the younger generation who prefer reasonable consumption, by analyzing their main customer age groups. Consequently, they directly export to countries like the USA, Russia, Japan, China, CIS countries, Vietnam, and Indonesia, and recently, they have been indirectly exporting to Europe and South America, contributing to the ‘K-Beauty Wave’. 

In response to the growing vegan demand in the global cosmetics market, they have acquired the EVE VEGAN certification and are also proceeding with the HALAL certification process to expand their customer base in the Middle East. Moreover, they have obtained various international certifications like ISO22716 for international cosmetics manufacturing and quality, ISO9001 for quality management, and CGMP for good manufacturing and quality control standards in cosmetics, ensuring safety and competitive quality of their products, aligned with global standards for export.

Happy L&B operates a meticulous management system, including ‘Smart Sophistication’ and being recognized as an ‘Excellent Workplace for Risk Assessment’. Their manufacturing, filling, and packaging facilities are equipped with international-standard manufacturing environments, versatile manufacturing equipment, and advanced automated filling and packaging systems, ensuring efficiency and consistent, high-quality product production.

Happy L&B states, “We aim to be a valuable partner that supports and empowers our clients’ ideas, creativity, and project completion,” and welcomes any client interested in K-Beauty.

Media Contact
Company Name: Happy L&B Co., Ltd.
Contact Person: Danny Shin
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Country: Korea
Website: https://www.happylnb.com/

Simon Sien Kang Releases New Series Set in the World of Pinocchio

Three new books based on ‘The Adventures of Pinocchio’ by Carlo Collodi give new depth to this classic story

Simon Sien Kang is thrilled to announce the release of a new series of children’s books centering around characters from ‘The Adventures of Pinocchio’ by Carlo Collodi.

Simon Sien Kang is a prolific children’s book author who gives imaginative twists to classics, tells heartwarming new tales, and partners with well-known illustrators and narrators to further bring his stories to lives and in the hearts of young children. In three of his newest books, Simon Sien Kang dives into the world of Pinocchio to tell the stories of some of the smaller but equally loved characters.

In “The Adventures of the Blue Fairy and Pixie”, readers are brought to the world of fairies. Two fairies set out to protect their world from the Fairy Queen and King, breaking the rules and entering the mortal world to fulfil Geppetto’s wish to protect Pinocchio while navigating what it means to be true fairy guardians.

“The Adventures of the Blue Fairy and Pixie” is available on Amazon in Kindle and audiobook format with narration by Susie Hackel. “The Adventures of the Blue Fairy and Pixie offers wholesome entertainment with a touch of magic. The story is both heartening and fun, making it an excellent choice for parents seeking a positive and engaging book for their children,” said a recent reviewer.

The Adventures of Mr. Fox and Kitty” introduces readers to two orphans, a fox and a cat, who want nothing more than to have a family. They meet a swindler who seems charitable enough and treats them like family but then wants them to capture Pinocchio. They have to decide what they’ll do in this endearing story, which is available for Kindle and audiobook format with narration by Ray Calleja.

“This modern adaptation of Pinocchio, starring Mr. Fox and Kitty, is a charming and heartwarming journey. The author skillfully weaves in new elements while staying true to the essence of the original story. The Adventures of Mr. Fox and Kitty is a delightful read for those who cherish the magic of classic fairy tales with a contemporary twist,” said one reader.

In “The Adventures of Candlewick”, readers embark on a journey with orphan Candlewick. He, like Mr. Fox and Kitty, longs for a family to call his own and finds himself envious of Pinocchio and the other village children. They seem to have it all, while he’s treated like a servant. Soon, Candlewick is invited to a magical place where he can do whatever he wishes, but he also finds that it comes at a price. There is a terrible curse lurking, and a magical fairy helps him overcome it all. This story is available for Kindle and audiobook with narration by Zachary Rozenboom.

“The author skillfully introduces Candlewick as the protagonist, adding a fresh perspective to the beloved story. The narrative is engaging, and the character development is superb,” said one recent reviewer.

Stay up to date with the latest book releases from Simon Sien Kang by visiting https://simonkang.online/.

ABOUT SIMON SIEN KANG

Simon Sien Kang is a children’s book author who has written numerous highly rated titles including ‘The Mouse and the Princess’ series. 

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Waterborne Polyurethanes Industry Set for Robust Growth, Estimated Worth of $2.1 Billion by 2025

“Browse 149 market data tables and 40 figures spread through 176 pages and in-depth TOC on “Waterborne Polyurethane Market””
Waterborne Polyurethane Market by Application (Coatings, Adhesives, Sealants, Elastomers, And Others), End-Use Industry (Building & Construction, Automotive & Transportation, Bedding & Furniture, Electronics, And Others), Region

The waterborne polyurethanes market is projected to grow from USD 1.7 billion in 2020 to USD 2.1 billion by 2025, at a CAGR of 5.2%. The demand for environment friendly polyurethanes is increasing with the growing awareness about the harmful effects of hazardous chemical emissions.

The increase in demand for waterborne polyurethane and the growing industrial development in the emerging economies, such as APAC and South America, are driving the market. The key players in the waterborne polyurethane market include Covestro (Germany), DSM (Netherlands), BASF (Germany), R STAHL (Germany), Chemtura (the US), Dow Inc ., (the US), H.B. Fuller (the US), Wanhua Chemical Corporation(China), SNP Inc., (the US), and KAMSONS Chemical Pvt. Ltd., (India). The waterborne polyurethane market report analyzes the key growth strategies, such as expansion and new product launch, adopted by the leading market players between 2015 and 2020.

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Covestro (Germany) is among the key players in the waterborne polyurethane market. The company adopted the strategies of new product launch to strengthen its competitiveness in the global waterborne polyurethane market. For instance, in July 2018, Covestro had newly developed polyurethane dispersions named Impraperm DL 5249 and Impraperm DL 5310. These are used as textile coatings and enables effective waterproofing and breathability of coatings using the waterborne technology. This strategy had helped the company to provide eco-friendly textile production for its customers without the use of solvents.

DSM (Netherlands) is one of the leading manufacturers of waterborne polyurethanes. The company adopted partnership as one of its key business strategies. For instance, in June 2019, the Company partnered with TLF (Germany), a globally operating company supplying specialty chemicals to leather and related industries. This partnership includes supply as well as R&D of cutting edge, sustainable waterborne polyurethane dispersions system. By partnering at different points in the value chain, DSM and TLF are able to further unlock the value of sustainable leather finishes and strengthen their respective market positions.

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Waterborne polyurethanes are expected to be the largest and fastest-growing market in APAC. The APAC waterborne polyurethanes market is being driven by rising population, increased automobile demand, rising disposable income, rapid industrialization, and increased urbanization. China is the region’s largest market for waterborne polyurethanes. Because of its large manufacturing base, China is also a key producer and user of waterborne polyurethanes in the region. Aside from China, India and South Korea are expected to grow at a reasonable pace during the predicted period.

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Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Fats and Oils Market Size, Industry Analysis, Key Insights, Growth Opportunities, Leading Players, and Forecast – 2026

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Fats and Oils Market by Type (Vegetable Oils (Palm, Soybean, Rapeseed, Sunflower, and Olive), Fats (Butter, Tallow, and Lard)), Application (Food and Industrial), Source (Vegetables and Animals), Form, and Region – Global Forecast to 2026

The fats and oils market is estimated to be USD 236.7 billion in 2021; it is projected to grow at a CAGR of 3.8% to reach USD 285.2 billion by 2026. The global fats & oils market is being highly driven by robust demand dynamics emanating from both the food and non-food application sectors. Although country-level dietary guidelines advocate a switch to unsaturated fats, the sales of butter and all the other vegetable oils are witnessing decent growth because they are perceived as being more natural. The fats & oils market is also driven by non-food utilization, particularly for the production of oleochemicals and biofuels. Mandatory blending targets of biofuels have encouraged the uptake of these commercially important lipid compounds in the Western markets, which were soon adopted by developing countries.

Fats & Oils Market

what is fats & oils?

Fats and oils are types of lipids, which are molecules that are an essential part of our diet and body functions. They are made up of fatty acids and glycerol. Fats are usually solid at room temperature, while oils are liquid. They are a concentrated source of energy in our diet, providing more than twice the energy of carbohydrates and proteins. Additionally, fats and oils play crucial roles in our body, such as insulating and protecting organs, providing energy, and aiding in the absorption of fat-soluble vitamins like A, D, E, and K. Sources of fats and oils include butter, olive oil, avocados, nuts, seeds, and fatty fish.

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Fats and Oils Market Drivers:

1. Increasing demand for food boosting global consumption of vegetable oils

2. Increased consumption of bakery & confectionery and processed food products

3. Growing demand for biodiesel

Fats and Oils Market Key insights & trends:

Biodiesel is an alternative to diesel fuel from fossil fuel energy sources. It has an advantage over diesel fuel as it does not run out and continues to grow in the fields. Rapeseeds, soybeans, the fruit of oil palms, and even old edible fats are ideal for biodiesel production. It is a non-toxic, biodegradable, and renewable fuel produced from a range of renewable raw materials, such as fresh or waste vegetable oils, animal fats, and oilseed plants. Environmental compatibility of land use, a verifiable saving of greenhouse emissions, and coexistence with food production are the main standards of sustainability maintained in biodiesel production. Hence, biodiesel and edible vegetable oils are produced with less harmful impact on the environment. Also, the rising costs of diesel fuel and continuous climatic changes due to the emission of greenhouse gases drive the market for the production and usage of biodiesel.

Owing to the increased health consciousness among consumers, trans-fats are gradually replaced by a much healthier substitute, namely unsaturated liquid vegetable oils, such as olive, canola, corn, or soy oils. The global market has been witnessing the trend of encapsulation. Several key manufacturers are now strategizing on encapsulating milk fat and vegetable oils in a matrix comprising whey proteins and mixtures of caseins and whey proteins. These fat-rich powders find applications in various food formulations as well as in nutritional supplements and pharmaceutical products. In the global fats and oils market, premium oil types, such as olive and sunflower, witness higher prices owing to their raw materials costing, superior-label claims, and value-added nutritional profiles. Western markets of Europe and North America remain the target for such premium categories of oils and fats, thereby witnessing comparatively higher prices than the global average. Thus, the factor is driving the market value for fats and oils in the global markets.

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Asia Pacific is projected to be the fastest-growing region in the fats and oils market.

The Asia Pacific region is projected to be the fastest-growing market for fats & oils. The region is home to two important palm and palm kernel oil-producing countries namely Malaysia, and Indonesia: and two major fats & oils consuming countries namely China, and India. This is one of the significant factor which ensures that Asia pacific region is the largest as well as the fastest-growing market in fats & oils.

Key Market Players:

Key global market players offer wide range of fats & oils products in the retail chain. While prominent palm oil producing companies are present in Asia pacific region. The soybean oil producing companies capture the North American market. The key companies in the fats and oils market are Associated British Foods PLC (UK), Archer Daniels Midland Company (US), Bunge Limited (US), Wilmar International Limited (Singapore). Various strategies, such as expansions, mergers & acquisitions, and new product launches, were adopted by the key companies to remain competitive in the fats and oils market.

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Specialty Fats & Oils Market

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