Bio-based Paints: Top Companies Developing Sustainable Coatings in 2024
Ahead of the U.S. EPA proposing a rule prohibiting the use of Perchloroethylene (PERC), several companies have started looking for alternatives in their respective industries. Bio-based paint coatings are the most logical alternative since this chemical is valued for its solvent capacity and oil, grease, and buffing compounds. Bio-based paint formulations have a bright green […]
5 Companies Offering Innovation Consulting Services to Boost Your R&D Initiatives
Keeping up with the latest research and technology developments is a crucial yet challenging task for innovation managers. With the vast amount of scattered information across various sources, locating and analyzing relevant intelligence can be enormously time-consuming. This is where getting an expert opinion can make an invaluable contribution to accelerating innovation. This article reviews […]
Pet Startups That Are Changing Pet Care in 2024
Today’s pet parents treat pets as family members and are willing to spend more on high-quality products and services. They seek solutions that are as unique as their pets, ranging from customized nutrition plans to health monitoring tools, ensuring a proactive approach to pet wellbeing. With technological advancements and a deeper understanding of pet health […]
4 Plant-based innovations of 2024 that make dairy-free products consumer acceptable
Even with the customers’ growing need for dairy-free products, sales of most plant-based products have sharply declined in the past year. One of the major reasons consumers reject the use of plant-based foods is that the taste is too different from what they’re used to. Source: https://www.fmi.org As a result, innovating in this space has […]
New Bio-based Detergent Formulations to Watch in 2024
According to a study by Novozyme, less than 15% of detergent raw materials are renewable and biodegradable. The rest pollute water sources and harm surrounding wildlife. On the other hand, bio-based detergents are completely eco-friendly and gentler on the skin. Bio-based detergents will be worth $13.55 billion by 2030, accounting for 15.8% of the total […]
8 Transformational Dairy Industry Innovation Trends in 2024
Driven by shifting consumer preferences and expectations, dairy companies are rising to the challenge of prioritizing health, sustainability, and digitalization. Just like last year, our dedicated team conducted a thorough investigation to understand where the dairy industry was heading in 2024 and what the future would look like. After going through research papers, dairy forums, […]
Arthritis Drug Patents Expiring 2024 – 2028
The arthritis treatment industry is characterized by its intense competitiveness, driving companies to invest significantly in research and development to secure leading arthritis drug patents. Consequently, the expiration of patents for this disease creates significant opportunities for companies specializing in generic medications. A notable example of the market dynamics in this industry is the case […]
Agriculture Technology Trends 2024: Farming Innovations Worth $148 Billion To Explore
The global agricultural technology market will grow to approximately $56.74 billion by 2030. The world’s largest agricultural companies, like Cargill Inc. and Bayer, are rapidly developing agrotech solutions for farmers using cloud computing, special sensors, drones, and AI. This rising interest in agricultural technologies is due to increasing urbanization, the need to monitor livestock health, […]
5 Trends in the Textile Industry Steering a Sustainable Future
Fueled by changing consumer preferences, technological advancements, and sustainability concerns, the textile industry is seeing a rigorous change in its traditional ways. The major textile industry trends are from manufacturing to recycling, novel fabrics, and advanced and sustainable manufacturing methods. Evidently, the industry will reach 755.38 billion USD in 2027, experiencing a CAGR of 5.5%. […]
Probiotics: Revolutionizing Cosmetic R&D with Microbiome Magic
The human skin is teeming with a diverse world of microorganisms, collectively known as the microbiome. This invisible ecosystem is crucial in maintaining skin health, influencing everything from barrier function to inflammation and sensitivity. In recent years, researchers have unlocked the hidden potential of this microbial community, paving the way for a revolutionary approach to […]
AI in Skincare: Notable Innovations from Industry Giants
The global skincare market is projected to reach a staggering $273.3 billion by 2031, of which $15.75 billion will be AI-powered applications. Industry giants like L’Oreal have already begun integrating artificial intelligence technologies to enhance their customers’ skin care. Beauty companies use AI to precisely analyze skin texture, pigmentation, hydration, etc., and create personalized products […]
The Mounjaro Patent Thicket: Patents expiring in 2036
More than 500 million people around the world are affected by diabetes, and this issue is intensified by a surging obesity crisis, particularly in wealthier nations. In such a crisis, drugs like Mounjaro represent a highly lucrative opportunity for generic drugmakers to address the escalating medical demand on a global scale. For the uninitiated, Mounajro® […]
Waterless Cosmetics: A Multi-Billion Dollar Beauty Trend for 2024
Skyquest expects the market share of waterless cosmetic products to grow to 20 billion USD by 2030. Waterless products have broken out of South Korean markets and have slowly become popular in the West since 2015, mainly due to more eco-conscious consumers. Since these products are not diluted with water, they need minimal preservatives, if […]
Patent Marking – The smartest strategy to shortlist high-value patents from a large set
When Nick, a legal counsel representing a major Non-Practicing Entity (NPE) in the United States, approached us, his goal was to acquire 200 patents from a portfolio of 1000 within a strict two-month timeframe. It became evident that conventional manual methods would fall short of meeting this challenging deadline. To provide some context, it meant […]
Top 10 Solar Energy Companies to Watch in 2024
The solar industry drastically reshaped the global energy landscape in 2023. In the first half of the year, solar energy contributed an impressive 45% to all new electricity-generating capacity added to the U.S. grid. Additionally, investments in solar deployment have reached over USD 1 billion a day, indicating the sector’s financial viability and crucial role […]
Sustainable Beauty: Transforming Kitchen Staples into Innovative Cosmetic Ingredients
As familiar as we are with traditional cosmetic elements such as water, emulsifiers, preservatives, fragrances, colorants, surfactants, and antioxidants, there is a notable shift in ingredients. This shift signals a growing demand for sustainable, natural, and eco-friendly cosmetics in the foreseeable future. Statistical insights project that the global cosmetic ingredients market will grow substantially from […]
