Market Research Size: Deep Fryer Market

Monday, 15 July 2019

Hand Care Market is Anticipated to Register 4.5% CAGR through 2025: Grand View Research Inc.

The global hand care market size is anticipated to reach USD 16.9 billion by 2025,expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. The market is driven by increasing health, hygiene, and wellness concerns, risks of communicable diseases, rise in health expenditure, and change in lifestyle.

The market finds vast applications, majorly focusing on hand hygiene. According to WHO, the primary measure to reduce infections is hand hygiene. Moreover, challenges like “Clean Care is Safer Care” by WHO to improve and promote hygiene practices and standards are contributing to the growth of the hand care market.

In 2018, the hand wash segment held the largest share of over 40.0% owing to its benefits of providing basic hygiene. Based on the U.S. Census data and Simmons National Consumer Survey (NHCS), 298.63 million Americans used liquid hand wash. The sanitizer segment is expected to expand at a CAGR of 4.8% over the forecast period due to its hassle free use. The beauty products market is also expected to witness significant growth over the next few years due to availability of a large variety of care solutions catering to specific problems. These products include moisturizers and sunscreens. For instance, a new e-commerce startup named Public Goods, which deals in hand care products with natural and organic products, have moisturizers and sunscreens to protect the skin.

On the basis of distribution channel, the online segment is anticipated to expand at the highest CAGR over the forecast period. The growth is a result of high penetration of e-commerce and usage of smart phones. For instance, the user penetration of e-commerce was 51.0% in 2019 and is expected to hit 58.5% in 2023.

Asia Pacific held the largest share due to high product consumption, majorly hand creams. The Middle East and Africa is expected to exhibit the highest CAGR of 5.1% during the forecast period owing to increasing demand.

Leading players of the market include Unilever; Procter & Gamble; Johnson & Johnson Services, Inc.; PHILOSOPHY, INC.; Coty Inc.; Beiersdorf; Lynx; Whealthfields Lohmann; and Jahwa. Companies are focusing on product launches, natural and organic product development, and adding soothing fragrances in order to gain competitive advantage over others. For instance, Amway India launched “Persona Germ Protection and Moisturizing” liquid hand wash, which is free from widely used preservatives like sulphate, paraben, and triclosan.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/deep-fryers-market

Further key findings from the study suggest:

· On the basis of product type, the sanitizer segment is expected to exhibit the highest CAGR of 4.8% over the next few years. Hand wash held the largest share of more than 40.0% in 2018 and is expected to maintain its share in the coming years

· Hypermarket & supermarket accounted for the largest share in terms of revenue among the distribution channels. The online segment is estimated to expand at the highest CAGR over the forecast period

· Various manufacturers are concentrating on new product launches, organic and natural ingredients, and product innovation to gain competitive advantage.

Grand View Research has segmented the global hand care market on the basis of product type, distribution channel, and region:

Hand Care Product Type Outlook (Revenue, USD Billion, 2015 - 2025)

· Beauty Product

· Hand Wash

· Sanitizer

Hand Care Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

· Online

· Drugstore

· Supermarket & Hypermarket

· Specialty Stores

Hand Care Regional Outlook (Revenue, USD Billion, 2015 - 2025)

· North America

· Europe

· Asia Pacific

· Central & South America

· Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Deep Fryers Market Pegged For Strong Growth During the Forecast Period: Grand View Research Inc.

The global deep fryer market size is expected to reach USD 625.1 million by 2025, expanding at a CAGR 2.8% over a forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by growing fast food industry and popularity of E-commerce retail. Moreover, high demand for the product from North America owing to rising preference for convenience food and on-the-go fast food is propelling the market.

Consumers supplement their regular meals with fried food products, such as fried chicken and French fires among various other products. Thus, changing consumer lifestyle, especially in terms of eating habits, and rising need for ready to eat food are expected to drive the demand in the region, which, in turn, is likely to boost global market over the forecast period. In addition, consumers are also becoming increasingly aware regarding health and wellness and, thus, are preferring food fried at home as opposed to fried food sold at fast food chains. This is expected to positively impact the demand for small deep fryers, such as the ones with a two-liter frying capacity, over the forecast period.

On the basis of product, commercial deep fryer held the largest market share in 2017. Changing dynamics of fast food market are expected to positively impact the demand for these products during the forecast period. Over the past few years, there has been a diversity in fast food restaurants. Players such as Wendy's, Chick-fil-A, Burger King, Kentucky Fried Chicken (KFC), and McDonald's among others are operating in the fast food market. These companies are continuously expanding their market reach and inaugurating new stores across the globe. Such fast food chains are the major consumers of deep fryers.

2 liter to 5 liter was the dominant segment on the basis of type of deep fryers. Growing fast food industry across the globe is projected to boost the demand over the forecast period. There are certain concerns among consumers regarding the ill-effects of fried food consumption. To mitigate such concerns, food chains market their products as safe and free from artificial colors. This trend is expected to influence customers to consume fried food, which is anticipated to bode well for the overall market growth.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/deep-fryers-market

Further key findings from the report suggest:

· North America dominated the global deep fryer market in 2017. However, Asia-Pacific is anticipated to witness the fastest CAGR of 3.5% during the forecast period from 2018 to 2025

· China is the fastest growing country in the Asia Pacific market on account of growing popularity of ready to eat food, rising disposable income, and enhancing standard of living

· E-commerce distribution channel segment is potentially fueling the market growth owing to the increasing number of internet users globally

· Companies undertake various strategic initiatives to boost their market share. For instance, in January 2017, National Presto Industries, Inc. announced the sale of the assets of its absorbent product segment, Presto Absorbent Products, Inc. (PAPI), to Drylock Technologies, Ltd. a private Belgian company that manufactures and sells private adult incontinence, feminine hygiene, and label diaper products in Europe.

Grand View Research has segmented the global deep fryer market on the basis of type, product, distribution channel, and region:

Deep Fryer Type Outlook (Revenue, USD Million, 2014 - 2025)

· 2L

· 2L-5L

· 5L-8L

· 8L-14L

· Over 14L

Deep Fryer Product Outlook (Revenue, USD Million, 2014 - 2025)

· Commercial

· Household

· Others

Deep Fryer Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025)

· Direct Sales

· Distributers

· E-commerce