LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global refractometers market to grow at a CAGR of over 8% during the forecast period, according to their latest market research report.
The growing popularity of temperature control refractometers is one of the major trends being witnessed in the global refractometers market 2018-2022. Temperature is an important factor influencing the accuracy of refractometer measurement readings and is also the largest source of error in measurement. This is because the index of refraction decreases with a decrease in temperature, thereby increasing the speed of light. As refractometer readings are temperature dependent, there is increased chances of error readings, thereby leading to an increased adoption of temperature-controlled refractometers.
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According to Technavio analysts, one of the key factors contributing to the growth of the global refractometers market is the rising importance of food quality:
Global refractometers market: Rising importance of food quality
Refractometers are increasingly used in the food and beverage industry to determine the quality and purity of raw materials and end products. This is because variation in food quality can result in the fragile immune system, fluctuating blood sugar levels, obesity, and deteriorating mental health due to poor nutrition of harmful chemicals in food.
According to a senior analyst at Technavio for research on life science research tools, “Refractometer models such as PRB21S, DR6000-T, AR4, and DR6200-T offered by A. KRUSS Optronic are used by the food and beverage industry for determining sugar content of hams, sugar syrup, and honey to maintain consistency of such food products. Refractometers are also used in the beverage industry for routine analysis of samples like fruit and vegetable juices, dietary beverages, beer, wine, spirits, liquors, and sugar concentrates.”
Global refractometers market: Segmentation analysis
The global refractometers market research report provides market segmentation by product (portable and benchtop), by end-user (food and beverage, pharmaceutical and other industries (academic institutions and research laboratories)), and by geographies (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two products segments, the portable segment held the largest market share in 2017, contributing to around 52% of the market. This product segment is expected to continue to dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for close to 41% share. It was followed by EMEA and APAC respectively. The growth in the Americas can be due to the advances in the food and beverage industry.
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Five Forces Analysis
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Geographical Segmentation
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