Global IoT Market in Warehouse Management 2017-2021
About IoT Market in Warehouse Management
IoT is the inter-connection of physical devices that are accessible through the Internet. The things in the Internet of Things refer to objects that have pre-installed embedded technology. The embedded technology aids devices in interacting with the external and internal environment in an industry and helps in controlling the functions and taking decisions. The concept of IoT helps companies to enhance the consumer experience and enables manufacturers and distributors to track the effectiveness of their product throughout its life-cycle.
Technavio’s analysts forecast the global IoT market in warehouse management to grow at a CAGR of 30.13% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global IoT market in warehouse management for 2017-2021. To calculate the market size, the report considers the new installations, sales and services of IoT-related products, which include hardware, software, and services provided by vendors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Phytosterols Market 2017-2021
Technavio recognizes the following companies as the key players in the global phytosterols market: Arboris, Archer Daniels Midland, BASF, and Cargill
Other Prominent Vendors in the market are: CONNOILS, DRT, GUSTAV PARMENTIER, K. Patel Phytoextractions, Lubrizol, Matrix Fine Sciences, VITAE CAPS, and Xi'an Healthful Biotechnology.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is New product formulations with phytosterols as an ingredient. The growing interest of researchers in the cholesterol-lowering ability of phytosterols has led to the discovery of their many possible uses in food and beverage applications. The properties of phytosterols are thus being worked on to introduce new product formulations, which has resulted in the emergence of new phytosterols that are soluble in water and dispersible in food and beverage applications. For instance, in 2017, Lipofoods launched LIPOPHYTOL, a microencapsulated powdered form of palm-free phytosterols, targeted at increasing the water solubility of these substances. This product offers a convenient form of consuming and incorporating these plant-based substances in the diet.”
According to the report, one of the major drivers for this market is Growing demand for phytosterols in functional foods and supplements. The increase in awareness about the benefits of phytosterols has led to the rise in demand for the fortification of these substances in foods. The initial uses of phytosterols were aimed at reducing cholesterol levels and enhancing immunity. The increasing demand for phytosterols has led to extensive research on developing new functional food products and supplements. For instance, in 2016, Lycored launched the heart health-related supplement Cardiomato, which helps maintain blood cholesterol levels. Cardio-grade tomato extract along with phytosterol is used in the supplement, which claims to reduce the oxidation of LDLs.
Further, the report states that one of the major factors hindering the growth of this market is Low awareness about phytosterols and their benefits. The low awareness about phytosterols has resulted in their limited use. This is the major reason for the fewer sales of phytosterols-containing products in certain regions such as APAC and the Middle East. Though these regions have enormous potential for nutraceutical and pharmaceutical applications, they are relatively new markets for phytosterols. Many people are still unaware of the benefits offered by these substances in the prevention and treatment of acute conditions and chronic diseases.
Arboris, Archer Daniels Midland, BASF, Cargill, CONNOILS, DRT, GUSTAV PARMENTIER, K. Patel Phytoextractions, Lubrizol, Matrix Fine Sciences, VITAE CAPS, Xi'an Healthful Biotechnology
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