Weathering Steel Market Strong Application and Emerging Trends also Scope by 2025

 The global weathering steel market size is expected to reach USD 1.45 billion by 2025, exhibiting a CAGR of 5.6% during the forecast period, according to a new report published by Grand View Research, Inc. Increasing investments in infrastructure development projects, such as bridges and road connectivity are anticipated to augment the growth.

Weathering steel is used in facades and cladding systems for buildings and is also used in the construction of bridges as this steel can attain 120-year design life and incur low maintenance costs. Increasing global population and rapid urbanization are likely to drive the demand for buildings and vehicles, resulting in traffic congestion. This is anticipated to boost the demand for the road over bridges, which in turn is anticipated to drive the market growth in the forthcoming years.

The inclined growth of the weathering steel market in Europe is due to the rising demand for bridges, sculptures, and railway vehicles. Masts and structures for Overhead Line Equipment (OLE) are generally manufactured using mild steel rolled sections. Weathering steel is anticipated to witness a rise in demand from the region, with the ongoing electrification projects in the region, as the metal is used for replacing the mild steel to reduce costs and environmental pollution.

However, product penetration in high humid atmospheric conditions and in higher pollution areas is likely to limit the market growth over the forecast period. Conditions with corrosive industrial or chemical fumes creates hurdles in the development of protective oxide patina. Patina is a protective layer of rustic nature which protects the structure from corrosion, failure in patina formation results in the deterioration of the structure. Thus, atmospheric conditions of the location is likely to play a key role in driving the adoption of the product.

The market is consolidated in nature with the presence of established players, such as ArcelorMittal, HBIS Group, BlueScope Steel Limited, SSAB, JFE Steel Corporation, Nippon Steel Corporation, and Tata Steel. These players focusing on capacity expansion to meet the growing product demand from potential customers.

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https://www.grandviewresearch.com/industry-analysis/weathering-steel-market

Further key findings from the report suggest:

• Building and construction segment is anticipated to progress at a CAGR of 6.2% over the forecast period, in terms of revenue on account of the rapid urbanization and rising population
• Art and architecture is the second fastest-growing segment with a CAGR of over 4.8% in terms of volume owing to the rising prominence of arts, such as sculptures and statues among others
• Europe emerged as the leading regional segment with a market share of 54.3% in terms of volume in 2018, attributed to the ideal atmospheric conditions of the region which enables easy adoption of weathering steel
• Asia Pacific was the second-largest regional market and held a revenue share of 18.9% in 2018, attributed to the need for expanding road connectivity and infrastructure
• Key participants across the market are largely investing in capacity expansions meet the growing demand from construction

Grand View Research has segmented the global weathering steel market on the basis of application and region:

Weathering Steel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Building & construction
• Transportation
• Art & Architecture
• Other applications

Weathering Steel Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• 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.

Caramel Ingredients Market Valuation to Reach USD 3.99 Billion by the end of 2025: Grand View Research Inc.

 Caramel Ingredients Market Growth & Trends

The global caramel ingredients market size is expected to reach USD 3.99 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.2% over the forecast period. Rising use of caramel in the food and beverages industry, particularly for bakery, confectionery, and beverage products, is the main factor driving the market. Changing consumer tastes, preferences, lifestyle, and incomes has played a key role in influencing F&B trends. Popularity of items such as salted caramel chocolates, caramel glazed muffins, and caramel lattes are driven by consumers and this poses as a lucrative opportunity for players.

On the basis of form, the market includes liquid, granular, and solid ingredients. Liquid ingredients held the largest share of just under 45.0% in 2018, fueled by extensive usage in the beverage industry for alcoholic and non-alcoholic drinks. Based on end use, the confectionery segment enjoys the dominant share and is expected to account for a share of over 35.0% by 2025. Widespread consumption of caramel chocolates and candy bars across the globe is a key factor driving segment growth. The beverages segment, on the other hand, is projected to register the fastest growth by the end of the forecast period, with most soda and cola companies using this ingredient in their products.

By application, the caramel ingredients market has been segmented into coloring, topping, flavoring, and others. While coloring emerged as the dominant segment in terms of revenue, the topping segment is anticipated to witness the strongest growth over the forecast period. An increasing number of bakeries, confectionery stores, and coffee shops have been using caramel drizzles and toppings on their menu items. For instance, McDonald’s Canada released a new fall-themed beverage and muffin in August 2019. The Caramel Pumpkin Spice Latte is a play on the conventional autumn favorite and is topped off with a smooth caramel pumpkin spice syrup. What makes the Caramel Apple Oat Muffin a crowd-favorite is a crunchy caramelized glaze on top.

There are several key players operating in the market, such as Cargill, Inc.; Nestlé S.A.; Mars Inc.; Kerry Group; Ferrero SpA; Sensient Technologies Corporation; Goetze’s Candy Company, Inc.; Frito-Lay; DDW The Color House; Sethness-Roquette Caramel Color; Bakels Worldwide; Alvin Caramel Colours; and Metarom. Players have been investing in various expansion strategies in order to gain a larger customer base and to strengthen their foothold in the global market. For instance, in September 2018, Metarom rolled out its plans to capitalize on the strong growth in South East Asian markets, beginning with setting up a new sales unit in Malaysia. The company also plans to establish an independent factory close to Kuala Lumpur, which will include an R&D food tech lab and a flavor creation lab.

Request a free sample copy or view report summary: Caramel Ingredients Market Report

Caramel Ingredients Market Report Highlights

• The global caramel ingredientsmarket was valued at USD 2.5 billion in 2018 and is expected register a CAGR of 7.2% from 2019 to 2025
• Based on form, granulated ingredients are expected to witness the fastest growth over the forecast period due to widespread application in the food industry as a topping and flavoring agent
• By application, coloring generated the highest value of USD 953.5 million in 2018 owing to increased usage of caramelizing colors in products such as tea, lemonade, fruit-based beverages, and beer
• On the basis of end use, the confectionery industry accounted for the largest share of 36.1% in 2018 due to the application of caramel ingredients in chocolates and candies. On the other hand, the beverage sector is expected to register the highest CAGR of 7.7% over the forecast period
• The industry is highly competitive in nature with the main players being Cargill, Inc.; Nestlé S.A.; Mars Inc.; Kerry Group; Ferrero SpA; Sensient Technologies Corporation; Goetze’s Candy Company, Inc.; Frito-Lay; DDW The Color House; Sethness-Roquette Caramel Color; Bakels Worldwide; Alvin Caramel Colours; and Metarom.

Caramel Ingredients Market Segmentation

Grand View Research has segmented the global caramel ingredients market on the basis of form, application, end use, and region:

Caramel Ingredients Form Outlook (Revenue, USD Million, 2015 - 2025)

• Solid
• Granulated
• Liquid

Caramel Ingredients Application Outlook (Revenue, USD Million, 2015 - 2025)

• Coloring
• Topping
• Flavoring
• Others

Caramel Ingredients End-use Outlook (Revenue, USD Million, 2015 - 2025)

• Bakery
• Confectionery
• Ice Cream & Desserts
• Beverages
• Others

Caramel Ingredients Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Switzerland
  • Belgium
• Asia Pacific
  • India
  • China
• Central and South America
  • Brazil
• Middle East and Africa
  • South 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.

Cold Chain Monitoring Market Growth in the Coming Years

 Cold Chain Monitoring Market Growth & Trends

The global cold chain monitoring market size is projected to reach USD 45.1 billion by 2025, registering a CAGR of 18.1% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for pharmaceutical products, processed food, and other temperature-sensitive products worldwide is driving the demand for cold chain monitoring solutions. Stringent regulations regarding the storage and shipment of pharmaceutical products coupled with the continued investments from government agencies as well as the private sector companies in rolling out cold storage warehouse networks are also expected to drive the market growth.

Continued urbanization in various parts of the world is driving the demand for processed food, frozen food items, and dairy products. However, dairy products and frozen food items happen to be perishable and require continuous temperature monitoring during transportation and storage to annul any possibilities of contamination and compromise with the quality. At this juncture, cold chain monitoring solutions can help cold chain service providers in ensuring that the products are stored at ideal temperatures. Modern cold chain monitoring solutions can deliver a myriad of benefits, such as safety, cost-efficiency, real-time tracking, and lower downtime. Advances in connected devices technologies, such as the Internet of Things (IoT) and Radio Frequency Identification (RFID), coupled with the growing popularity of intelligent sensors are particularly facilitating real-time temperature monitoring, thereby driving the growth of the market.

North America is estimated to continue dominating the global market over the forecast period leveraging its well-developed network of transportation & distribution systems, high technology adoption rate, and growing demand for processed food products. The U.S. is expected to continue being the largest regional market within North America from 2019 to 2025. The U.S. is home to several cold chain monitoring solution providers and the demand for pharmaceutical and processed food products in the U.S. shows no signs of abating. On the other hand, Asia Pacific is expected to emerge as the fastest-growing regional cold chain monitoring market over the forecast period owing to the rising population, rapid industrialization, and the continued rollout of transportation and warehouse networks, particularly in emerging economies, such as India and China.

Request a free sample copy or view report summary: Cold Chain Monitoring Market Report

Cold Chain Monitoring Market Report Highlights

• North America dominated the global market in 2018 and is expected to register a notable CAGR over the forecast period
• The hardware segment is anticipated to hold the largest market share and the software segment is projected to register the highest CAGR over the forecast period
• The telematics and telemetry devices segment is anticipated to exhibit the highest CAGR over the forecast period owing to the increasing adoption of telematics solutions in transportation for tracking and monitoring shipments
• Emerging economies, such as India and China, are expected to drive the growth of the Asia Pacific regional market owing to the continued economic growth and increase in the trade of pharma and temperature-sensitive food products
• Some of the prominent market players in the market include Orbcomm, Sensitech, Berlinger & Co., Monnit, and Controlant, among others.

Cold Chain Monitoring Market Segmentation

Grand View Research has segmented the cold chain monitoring market based on component, logistics, application, and region:

Cold Chain Monitoring Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
  • RFID devices
  • Telematics & telemetry devices
  • Sensors & data loggers
  • Networking devices
• Software
  • On-premise
  • Cloud-based

Cold Chain Monitoring Logistics Outlook (Revenue, USD Million, 2014 - 2025)

• Storage
• Transportation

Cold Chain Monitoring Application Outlook (Revenue, USD Million, 2014 - 2025)

• Fruits & vegetables
• Fruit pulp & concentrates
• Dairy products
• Fish, meat & seafood
• Processed food
• Pharmaceuticals
• Bakery & confectionaries
• Others

Cold Chain Monitoring Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • India
  • China
  • Japan
• South America
  • Brazil
• 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.

Nootropics Market Poised to Expand at a Robust Pace of USD 4.94 Billion Over 2025: Grand View Research Inc.

 The global nootropics market size is expected to reach USD 4.94 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.5% during the forecast period. Rising expenditure on wellness and healthcare is anticipated to fuel the growth. In addition, rising awareness regarding mental health among millennials in developing countries including China and India is expected to boost the demand for nootropics.

The memory enhancement application segment led the nootropics market in 2018 and it is expected to continue leading over the forecast period. Increasing consumption of smart drugs to gain a competitive advantage in academic performance is expected to positively influence the growth. Adrafinil, Noopept, Modafinil, Phosphatidylserine, and Phenylalanine Nootropics help improve memory. A significant part of the elderly population with mild Alzheimer’s disease is also prescribed with these medications. In 2018, around 46 million people were suffering from Alzheimer’s disease and dementia across the world. Finland, U.S., Canada, Iceland, and Sweden have the highest population of dementia patients. This factor is anticipated to drive the demand for nootropics.

Asia Pacific is expected to register the fastest CAGR in the upcoming years. Rapid growth of the academic, professional, and sports industries is anticipated to fuel the regional product demand. Rising prevalence of Alzheimer’s disease in the developing countries is expected to widen the scope of demand for nootropics in the forthcoming years.

Key competitors operating in the nootropics market include Accelerated Intelligence Inc.; AlternaScript; HVMN; Onnit Labs, Inc.; Peak Nootropics; Teva Pharmaceutical Industries; Purelife bioscience Co., Ltd.; United Pharmacies; SupNootropic bio co., Ltd.; and Powder City. Product innovation is one of the major business expansion strategies adopted by the market players. Growing demand for natural products is encouraging the manufacturers to invest more in R&D of natural nootropics and to expand their product portfolio.

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

Further key findings from the report suggest:

• North America held the largest market share of more than 37% in terms of revenue in 2018
• Asia Pacific is expected expand at the fastest CAGR of 18.8% from 2019 to 2025. Hectic lifestyle and fluctuating diet patterns among working population in developing countries is expected to promote the demand for of nootropics drugs
• Memory enhancement application held the largest market share of over 30% in 2018, owing to increased consumption of these products among students
• Online distribution channel is expected register the fastest CAGR of 14.2% from 2019 to 2025
• Accelerated Intelligence Inc.; AlternaScript; HVMN; Onnit Labs, Inc.; Peak Nootropics; and Teva Pharmaceutical Industries are some the major players operating in the nootropics market

Grand View Research has segmented the global nootropics market on the basis of application, distribution channel, and region:

Nootropics Application Outlook (Revenue, USD Million, 2015 - 2025)

• Memory Enhancement
• Mood & Depression
• Attention & Focus
• Longevity & Anti-aging
• Sleep & Recovery
• Anxiety

Nootropics Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Nootropics Region Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South 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.

Body Dryer Market to Expand at a CAGR of 4.81% Through 2025: Grand View Research Inc.

 The global body dryer market size is expected to reach USD 4.23 million by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.81% during the forecast period. Rising awareness regarding personal hygiene and high demand for convenience products is expected to drive the growth. Rapid growth of the commercial sector is projected to further fuel the product demand. Rising purchasing power of consumers in developing countries such as China and India is also expected to positively influence the demand for body dryers.

Rapid growth of wellness industry coupled with rising demand for premium hygiene products is expected to drive the market growth. Steady rise in working population along with increasing disposable income is expected positively influence the demand for body dryer. Sharing towels, especially at public and commercial places increases the risk of disease transmission. This factor is expected to fuel the product demand in near future. Rising demand from disabled and elderly people is expected to create growth opportunities for the market in near future. Rising standard of living and demand for smart washroom is expected to fuel the growth further.

Asia Pacific body dryer market is anticipated to witness the fastest CAGR over the forecast period, due to a rise in demand from hotels, spas, and wellness centers in the region. Increasing number of domestic manufacturers to cater to the rising demand for body dryer systems is expected to create growth opportunities for the regional market. Factors such as rising purchasing power of consumers and preference for premium products for personal hygiene are likely to further propel the regional growth.

Rising consumer awareness regarding the advantages of using body dryer is excepted to encourage innovation and new product launches. Major market players include Avant Innovations, Dolphy India Private Limited, Full Body Dryer LLC, Haystack Dryers, Kingkraft, Orchids International, Regal Care Shower Trays Ltd., Tornado Body Dryer, LLC, Valiryo, and AKW Medi-Care Ltd. Key players engage in product development, regional expansions, and joint ventures to gain greater market share. For instance, in 2018, Valiryo started its first joint venture in Germany to open up new markets and develop marketing and sales strategies.

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

Further key findings from the report suggest:

• On floor product segment is projected to ascend at the fastest CAGR of 5.11% over the forecast period
• Commercial application segment of the body dryer market held the leading revenue share of 86.33% in 2018
• North America held the leading market share of 38.78% in terms of revenue and is projected to continue leading over the forecast period
• Asia Pacific is expected to register the fastest CAGR over the forecast period, owing to increasing disposable income of the consumer in countries such as India, South Korea, China, and Japan

Grand View Research has segmented the global body dryer market on the basis of product, application, and region:

Body Dryer Product Outlook (Revenue, USD Million, 2015 - 2025)

• On Floor
• Wall Mounted 

Body Dryer Application Outlook (Revenue, USD Million, 2015 - 2025)

• Residential
• Commercial

Body Dryer Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South 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.

Expansion of Air Fryer Market During 2019 – 2025 to Gain Robust Traction: Grand View Research Inc.

 The global air fryer market size is anticipated to reach USD 1.05 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a healthy CAGR of 7.0% over the forecast period i.e., from 2019 to 2025. Introduction of innovative products with improved designs is the key factor driving the growth of this market.

Based on product type, digital air fryer segment held the largest market share in 2018 and will retain its dominant position throughout the forecast years. The segment is also estimated to register the fastest CAGR from 2019 to 2025 due to increasing demand for energy-efficient kitchen appliances. Moreover, availability of advanced products with features, such as touch screen panel, fast preheating, and temperature control knob, is expected to fuel the demand for digital air fryers.

Offline segment held leading market share in 2018. High product visibility and increasing number of retailer stores, such as Walmart, in developing countries including India and China, is main factor driving the growth of this segment. The online distribution channel segment is anticipated to expand at the fastest CAGR from 2019 to 2025. Rising popularity of e-commerce retailers, such as Amazon.com, is the key factor boosting the product sales through online channels.

Moreover, most of the prominent companies have their own websites, which also contributes to the segment growth. Europe was the leading region in 2018 and will retain its dominant position throughout the forecast years owing increasing health consciousness and resultant demand for air fryers. However, Asia Pacific is anticipated to expand at a fastest CAGR of 8.7% from 2019 to 2025.

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

Further key findings from the study suggest:

• Europe is anticipated to be the largest regional market owing to high product demand as a result of rising health consciousness
• The digital product segment is anticipated to expand at the fastest CAGR of 7.1% over the forecast period due to rising demand for energy-efficient digital products
• Offline distribution channel was the leading segment in 2018 and will expand further due to rising number of retail stores, such as Walmart, across the globe
• However, Asia Pacific is anticipated to register the maximum CAGR of 8.7% from 2019 to 2025. High awareness and demand for these products, especially in emerging countries like India and China
• Key companies in the air fryer market are Koninklijke Philips N.V.; Cuisinart; SharkNinja Operating LLC; DASH (StoreBound LLC); Breville, Inc.; Havells India Ltd.; TTK Prestige Ltd.; KRUPS; and NuWave, LLC

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

Air Fryer Product Outlook (Revenue, USD Million, 2015 - 2025)

• Manual
• Digital

Air Fryer Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Air Fryer Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• 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.

Electric Hair Clipper & Trimmer Market Latest Innovations, Drivers and Industry Key Events 2019 – 2025

 The global electric hair clipper & trimmer market size is anticipated to reach USD 6.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.5% over the forecast period. Launch of innovative products with improved design is a main factor driving demand for electric hair clipper & trimmer. For instance, in June 2019, Xiaomi MI launched a beard trimmer in India. Key features of the trimmer include stainless body, corded/cordless usage, improved battery, waterproof, and travel lock. The clipper is especially designed for the Indian market.

Growing trend of beard is expected to fuel demand for electric clipper over the forecast period. Popularity of beard is steadily increasing as it makes men look stylish and sexy and appealing to the potential partner. Sales of razor has been decreasing steadily across the developed countries mainly because people in these countries either opt for full beard look or use electric trimmer. Moreover, consumers in these countries are shifting towards environment friendly products, thus minimizing use of disposable razor. For instance, according to the U.S. Environmental Protection Agency, America produced 2 billion disposable razors and blades. According to a study, in 2018, more than 160 million consumers in U.S. used disposable razors. Such factors are expected to fuel adoption of electric hair clipper over the forecast period.

Cordless products held a leading market share in 2018. These clippers are battery operated, more handy, and accessible to carry around. Cordless clipper is the best for people who love to travel and like to carry their hair styling routine with them. Launch of innovative products, coupled with improved battery life, is a main factor expected to fuel the demand for cordless electric clipper. For instance, in March 2016, Wahl introduced beard only trimmer to support growing facial hair trend. The product is especially designed for trimming beard and is equipped with powerful lithium ion battery.

The offline channel segment held a leading share of 87.3% in 2018. Rising presence of these retailers across the world will increase the product’s visibility and thus, in turn, is expected to have a positive impact on the growth of the market. The online segment is anticipated to expand at the fastest CAGR of 4.1% from 2019 to 2025. Increasing presence of e-commerce retailers in tier II and tier III cities, coupled with introduction of same day delivery services, is expected to boost the sales of these products through online channel. For instance, as of 2019, Amazon Retail India have presence in more than 100 cities and plans to expand in 60 tier II and tier III cities by the end of 2020. Most of the prominent companies also have their own sites, which contributes to the segment growth.

Asia Pacific held a leading market share in 2018. Increasing product visibility, coupled with growing trend of beard among young men, is a main factor expected to boost the demand for the electric trimmer over the forecast period. Middle East and Africa is anticipated to expand at the fastest CAGR of 3.7% from 2019 to 2025. Increasing spending on male grooming is a main factor expected to fuel the use of electric trimmer in the region.

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

Further key findings from the report suggest:

• Asia Pacific held a leading share of 51.3% in 2018 due to growing penetration of technologically advanced products and increasing spending on male grooming
• Cordless products are anticipated to witness the fastest growth from 2019 to 2025 due to introduction of products with improved battery life, coupled with improved ergonomics
• Offline channel generated a revenue of USD 4.6 billion in 2018. Online channel is expected to register the highest CAGR of 4.1% over the forecast period due to increasing penetration of e-retailers such as Amazon and Walmart in tier II and tier III cities
• The electric hair clipper & trimmer marketis highly competitive due to presence of prominent vendors including Koninklijke Philips N.V.; Wahl; Spectrum Brands, Inc.; Procter & Gamble; Panasonic Corporation; Conair Corporation; VEGA; Sunbeam Products, Inc.; and Havells India Ltd.

Grand View Research has segmented the global electric hair clipper & trimmer market by product, distribution channel, and region:

Electric Hair Clipper & Trimmer Product Outlook (Revenue, USD Million, 2015 - 2025)

• Corded
• Cordless

Electric Hair Clipper & Trimmer Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Electric Hair Clipper & Trimmer Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• 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.

Baselayer Compression Shirts Market To Make Great Impact In Near Future by 2025

 The global baselayer compression shirts market size is expected to reach USD 507.2 million by 2025 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Rising popularity of various sports activities and awareness about following a healthy lifestyle are boosting the growth of this market. Rising demand for these products owing to their temperature control, compression, and moisture wicking properties is also likely to drive the market growth over the forecast period.

In addition, increased awareness about the availability of advanced products is supporting the market growth. Impact of social media and digital marketing will drive the market further. The female end-user segment is estimated to register the fastest CAGR of 5.3% from 2019 to 2025. Online channel of distribution is the fastest-growing segment. It is estimated to register a CAGR of 5.9% during the forecast period. The growth can be attributed to the high impact of digital media and marketing.

Rising number of internet and smartphones users, particularly in developing economies, such as China, India, and Brazil, will fuel the product sales through online platforms. Moreover, availability of a wide range of product at discounted prices will boost the segment growth. North America was the dominant regional market in 2018 and accounted for a share of more than 38%. In addition, popularity of sports championships, such as National Basketball Association, National Football Association, and National Hockey League, will augment the market growth in this region.

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

Further key findings from the study suggest:

• In terms of revenue, the female end-user segment is projected to ascend at the fastest CAGR of 5.3% over the forecast years
• Specialty stores distribution channel segment led the global baselayer compression shirts market in 2018 with an overall revenue share of more than 58%
• North America is the dominant regional market. However, Asia Pacific is expected to register the maximum growth rate during the forecast years
• Some of the key companies in this market are Nike, Inc.; Spanx, Inc.; Adidas AG; Leonisa SA; Ann Chery; 2XU Pty. Ltd.; Under Armour, Inc.; Zensah; Skins International Trading AG

Grand View Research has segmented the global baselayer compression shirts market on the basis of end user, distribution channel, and region:

Baselayer Compression Shirts End User Outlook (Revenue, USD Million, 2015 - 2025)

• Male
• Female

Baselayer Compression Shirts Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Hypermarket & Supermarket
• Specialty Store
• Online
• Others

Baselayer Compression Shirts Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• 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.

Portable Toilet Rental Market to Reach Around USD 24.70 Billion by 2025

 The global portable toilet rental market size is expected to reach USD 24.70 billion by 2025 registering a CAGR of 7.30%, according to a new report by Grand View Research, Inc. Rising concerns about proper hygiene and sanitation in emerging region like Asia Pacific is the key factor driving the market growth. Moreover, rise in the demand for cost-effective and low-maintenance portable toilets on account of rapid urbanization and expanding construction sector in Asia Pacific will boost market growth.

In addition, strict regulations and heavy investments by the governments across the globe to provide proper sanitary units is fueling the demand for portable toilets. Thus, increasing number of installations of portable toilets in public areas, such as parks and streets, is likely to augment the market growth. Asia Pacific is anticipated to be the largest as well as the fastest-growing regional market over the forecast period. Led by Germany and France, Europe is also estimated to witness a significant growth in future.

Major companies in the market have undertaken several strategies, such as product development, mergers and acquisitions, marketing campaigns, etc. to gain a higher market share. For instance, Sanitech acquired Rent-A-Toilet’s Namibian operations. Some of the prominent companies in the market include Sanitech; Satellite Industries; ADCO International; B&B Portable Toilets; Camco Manufacturing, Inc.; PolyJohn Enterprises Corp.; Shorelink International; NuConcepts, and ARMAL, Inc.

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

Further key findings from the study suggest:

• The luxury portable toilets product segment is projected to ascend at the fastest CAGR of 8.41% over the forecast period
• The construction application is estimated to be the largest segment accounting for a share of more than 55% by 2025
• Asia Pacific was the dominant regional market in 2018 and is projected to expand further at the maximum growth rate from 2019 to 2025
• The region’s growth can be attributed to the increasing disposable income levels in emerging countries, such as India, South Korea, and China

Grand View Research has segmented the global portable toilet rental market on the basis of product, application, and region:

Portable Toilet Rental Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Standard
• Luxury

Portable Toilet Rental Application Outlook (Revenue, USD Billion, 2015 - 2025)

• Construction
• Special Events
• Recreational
• Commercial

Portable Toilet Rental Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South 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.

Honey Wine Market Significant Profits Estimated to be Generated by 2025

 The global honey wine market size is expected to reach USD 817.03 million by 2025, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 10.41% over the forecast period. Demand for flavored wines is expected to be among the key factors driving the market. Increased consumer purchasing power, especially in developing countries like China, is anticipated to drive the product demand further.

Moreover, demand for sparkling wine and antioxidant beverages is estimated to drive the product demand. In addition, rising number of meaderies in developed countries will support the overall market growth. Positive impact of e-commerce channels and social media will also provide growth opportunities to the market. Europe is anticipated to be the largest regional market due to high product demand in countries, such as France, Italy, and U.K.

Moreover, presence of several leading manufacturers in the region and constant product launches by them are expected to propel the growth. Major companies are investing in R&D and capacity expansion to gain a higher industry share. For instance, in November 2018, Gosnell’s launched a Vintage Mead. They also focus on M&A and online sales for business expansion.

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

Further key findings from the study suggest:

• In terms of revenue, spices product segment is projected to ascend at the fastest CAGR of 12.12% over the forecast period
• Off-trade channel of distribution led the global honey wine market in 2018 and accounted for an overall share of more than 70%
• Europe was the dominant regional market in 2018 and is projected to expand further at a steady CAGR over the next few years
• Key companies in this market are Redstone, Brothers Drake, Medovina Meadery, Kuhnhenn Brewing Co. LLC, and Schramm’s Mead
• These companies focus on new product development and capacity and business expansion to gain competitive edge

Grand View Research has segmented the global honey wine market on the basis of product, distribution channel, and region:

Honey Wine Product Outlook (Revenue, USD Million, 2015 - 2025)

• Fruits
• Spices
• Herbs
• Others

Honey Wine Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• On trade
• Off trade

Honey Wine Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • France
  • Italy
  • UK.
• Asia Pacific
  • China
  • Australia
• Central & South America
  • Brazil
• 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.

Door Phone Market Revenue Sales to Reach USD 5.1 Billion by 2025

 The global door phone market size is expected to reach USD 5.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. The market is driven by consumer spending on security and safety products for home, along with rise in demand from the multi storage residential buildings. Moreover, cost of keeping manual security at every place in a premise is much costlier as compared to the automated security devices, thereby resulting in increased sale of door phones in the market.

The market is driven by increasing number of smart and automated homes in Asia Pacific, along with availability of cost effective products from various regional manufacturers. It can also be integrated with the central security system of the building, thereby making home monitoring easier and safer. These products are highly demanding for physically handicapped and old people in the house for whom every time when the bell rings, running down from the top floor is a big pain. The invention of high-end video door phones is substantially getting more popular in the market. It provides live conversation with the person without even opening of main door.    

Adoption of smart technology and smart control of devices with the help of smart phones is also one of the major reasons behind growing need for automated home security system. Door phones connected with smart phones have special feature, which allows user to control the access of visitors even if when they are not in home. Moreover, advancements in door phones including addition of security alarms, quick access through biometric sensors, and smart control provide a growth opportunity for the market.

Asia Pacific is expected to expand at the highest CAGR of 7.6% over the forecast period. The market is driven by increasing number of construction activities in the residential sector. Moreover, growing concerns over safety and security of people who are living alone in their houses are driving this market. Commercial spaces are also installing these devices at various locations for giving advanced level of safety and security to the employees. Audio door phones accounted for the largest market share in 2018 owing to their increased usage in commercial spaces.

Various strategic initiatives such as new product launches, expansion, and mergers and acquisitions are taken by the key players in order to increase the brand presence in the market. Some of the key players in the business are Aiphone Corporation; Panasonic Corporation; Fermax Holding Investment SL; 1byone, Inc.; Honeywell International Inc.; ABB Genway; and Legrand. For instance, in August 2018, Panasonic Corporation launched a wireless video door phone, along with a voice change function.

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

Further key findings from the report suggest:

• By product, video door phones are projected to ascend at the fastest CAGR of 6.5% over the forecast period
• The residential application segment dominated the global market with an overall share of 72.2% in 2018
• North America dominated the global market in 2018, accounting for 35.4% share of the overall revenue. This trend is projected to continue over the next few years
• Various manufacturers are concentrating on new product launches, marketing campaigns, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Grand View Research has segmented the global door phone market on the basis of product, application, and region:

Door Phone Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Audio Door Phones
• Video Door Phones

Door Phone Application Outlook (Revenue, USD Billion, 2015 - 2025)

• Commercial
• Residential

Door Phone Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South 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.

Caffeinated Beverage Market is Projected to Boost USD 321.40 Billion by 2025

 The global caffeinated beverage market size is expected to reach USD 321.40 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 6.81% from 2019 to 2025. Rising demand for energy drinks and Ready-to-Drink (RTD) beverages is the key factor driving the market growth.

Moreover, rising income levels and improved standards of living in emerging regions, such as China and India, are anticipated to have a positive impact on the market growth. In addition, rapidly expanding e-commerce sector provides numerous growth opportunities to the market. North America is anticipated to be the largest regional market due to high demand for RTD beverages.

Moreover, companies in the region are introducing newer products and flavors, which will boost the demand further. The market in Asia Pacific region is estimated to expand at a CAGR of 8.12% over the forecast period. Key companies in this market focus on M&A, online sales, and expanding geographical reach and production capacity to gain a greater market share.

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

Further key findings from the study suggest:

• The carbonated soft drinks product segment is projected to account for the largest market share by 2025. However, energy drinks segment will expand at the fastest CAGR during the forecast period
• The offline distribution channel led the global market in 2018. Online channel is estimated to be the fastest-growing segment from 2019 to 2025
• North America was the dominant regional caffeinated beverage market in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025
• Some of the prominent companies include Dr Pepper Snapple Group; Monster Energy Company; Nestlé SA; PepsiCo, Inc.; and Red Bull GmbH

Grand View Research has segmented the global caffeinated beverage market on the basis of product, distribution channel, and region:

Caffeinated Beverage Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Carbonated Soft Drinks
• Energy Drinks
• RTD Tea & Coffee
• Others

Caffeinated Beverage Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

• Online
• Offline

Caffeinated Beverage Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

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.

Mobile Phone Protective Cover Market to Witness a Pronounce Growth During 2019 – 2025

 The global mobile phone protective cover market size is anticipated to reach USD 35.5 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.5% CAGR during the forecast period. Increasing penetration of smartphones across the globe is the main factor driving demand for protective cases. For instance, according to a joint study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and PwC, the number of smartphone users in India is expected to reach 859 million by 2022, rising from 468 million users in 2017. Repairing a cracked or damaged phone screen can be rather expensive and this is a key factor propelling the need for protective mobile phone covers.

By product, the body glove segment held the largest market share in 2018. Introduction of sleek designs, coupled with use of advanced materials such as silicon, rubber, and thermoplastic polyurethane to deliver 360°protection, is expected to expand the application scope of the segment.

Conventional plastic materials such as polycarbonate are widely used to manufacture hard cases. These provide the least amount of protection to the phone and are more susceptible to cracks and damage when dropped. Hybrid mobile phone covers are better designed to absorb the impact of a fall, compared to cases made from conventional materials as they have a soft inner layer for better shock absorption. Owing to these benefits, the hybrid cases segment is anticipated to expand at the highest CAGR of 9.4% over the forecast period. Companies have also been using carbon fiber to enhance impact resistance in these phone covers. Although expensive, mobile phone protective covers made from this material are lightweight, strong, and durable.

Based on distribution channel, the offline segment held a leading market share of 71.0% in 2018. Most consumers still prefer buying products at physical stores rather than online portals as in-store allows the choice of physical verification of the products. Nevertheless, the online segment is anticipated to expand at the highest CAGR of 8.4% from 2019 to 2025, propelled by widespread penetration of mobile phones and the internet. Introduction of innovative delivery options, such as same day delivery, by prominent vendors, coupled with growing penetration of e-commerce vendors in tier II and tier III cities, is expected to have a positive impact on the growth of the market.

Asia Pacific held the leading share in 2018 owing to the presence of a large number of smartphone users. China is the dominant market in the region, fueled by soaring sales of protective covers via offline as well as online channels. The Middle East and Africa market is expected to expand at a CAGR of 6.0% over the forecast period, thanks to growing availability of mobile phones in countries such as South Africa, Ghana, and Kenya and increasing penetration of prominent vendors in the regional market. For instance, in July 2019, Vivo announced its plans to expand its business in Middle East & Africa market. As part of the expansion plan, the company’s latest products will be made available in UAE, Morocco, Bahrain, Nigeria, Egypt, Kenya, and Saudi Arabia.

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

Further key findings from the report suggest:

• By product, the body glove segment held the leading share in 2018. Introduction of multi-layered cases that provide 360°protection is the main factor driving the sales of body glove protective covers over the forecast period
• The online segment is anticipated to expand at the highest CAGR of 8.4% from 2019 to 2025. Increasing internet penetration across the globe, coupled with faster and reliable delivery by e-retailers, is driving the segment
• Asia Pacific was the largest marketin 2018, accounting for a share of over 40.0% of the global revenue. Expansion of the middle-income population group in key markets like China and India is expected to play a key role in increasing spending on mobile phone and accessories such as protective covers
• The global mobile phone protective cover market is highly competitive in nature. Some of the prominent players are Otter Products LLC.; Shenzhen Ipaky Electronic Co., Ltd; CG Mobile.; Incipio, LLC; Griffin Technology; Amzer; MOKO; ZAGG Intellectual Property Holding Co., Inc.; Belkin International, Inc.; and XtremeGuard.

Grand View Research has segmented the global mobile phone protective cover market by product, distribution channel, and region:

Mobile Phone Protective Cover Product Outlook (Revenue, USD Million, 2015 - 2025)

• Body Glove
• Pouch
• Phone Skin
• Hybrid Case
• Others

Mobile Phone Protective Cover Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Mobile Phone Protective Cover Region Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

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.

Bathroom Vanities Market Is Projected To Reach Approximately USD 11.2 Billion By 2025

 The global bathroom vanities market size is expected to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.9% over the forecast period. Growing consumer interest in specialized countertop surfaces such as engineered stone across the globe has emerged as a major factor driving the market. Constant rise in research and development activities in the household furniture industry has resulted in the development of advanced and integrated home and bathroom furniture, thereby motivating the consumers to remodel their existing furniture. Continuation of such scenarios over the forecast period is expected to positively impact the market growth.

The residential application segment is expected to register a promising CAGR of 6.0% over the forecast period. Continous migration of people and urbanization in developing countries are the key factors boosting the demand for residential bathroom vanities. There is an increase in the demand for cabinets with value-added amenities, such as medical chests, space savers, and frameless wall-mounted vanities, providing attractive and secure storage options as compared to free-standing or open shelves.

In terms of material, wood, stone, and ceramic bathroom vanities collectively accounted for a massive share of the overall revenue in 2018. While the demand for natural stones continues to be high, there is also a notable rise in demand for bathroom vanities made from engineered stones like engineered quartz and recycled glass. Hardwood was the most widely used material for these furnities in 2018.

Asia Pacific emerged as the most prominent regional market and generated a revenue of USD 2.4 billion in 2018. North America stood as the second largest regional market in 2018 and is also expected to account for a significant share in the overall market, registering a CAGR of 5.9% over the forecast period.

Key industry participants in the market include Masco Corporation; RSI Home Products, Inc.; American Woodmark Corporation; and Kohler Co., Inc. Rise in the prominence of various residential improvement services due to their increased affordability among the middle-class population is expected to have a significant impact on the market growth. Provision of multiple financial incentives such as home loans at lower interest rates and other financial options offered by large banks in several regions, is also anticipated to induce market growth.

Access Research Report of Bathroom Vanities Market @ https://www.grandviewresearch.com/industry-analysis/global-bathroom-vanities-market

Further key findings from the study suggest:

• On the basis of application, the residential segment emerged as the largest application in 2018 and is estimated to generate a revenue of USD 8.1 billion by 2025
• Wood, ceramic, and stone were the most preferable materials for bathroom vanities in 2018. The market size for wooden bathroom vanities was valued at USD 2.4 billion in 2018
• Based on the size, 24-35 inch was the most preferred segment in 2018 and is likely to expand at a CAGR of 6.1% from 2019 to 2025
• The market in Asia Pacific is projected to witness promising growth over the forecast period owing to various developments across major economies, especially in the residential construction industry
• Key players operating in the bathroom vanities market include Masco Corporation; MasterBrand Cabinets Inc.; American Woodmark Corporation; DuPont; and Foremost Groups.

Grand View Research has segmented the global bathroom vanities market on the basis of application, material, size, and region:

Bathroom Vanities Application Outlook (Revenue, USD Million, 2015 - 2025)

• Residential
• Non-residential

Bathroom Vanities Material Outlook (Revenue, USD Million, 2015 - 2025)

• Stone
• Ceramic
• Glass
• Wood
• Metal

Bathroom Vanities Size Outlook (Revenue, USD Million, 2015 - 2025)

• 24 - 35 inch
• 38 - 47 inch
• 48 - 60 inch

Bathroom Vanities Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• 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.

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

 Whiskey Market Size, Share & Trends Analysis Report By Product (Malt, Wheat, Rye, Corn, Blended), By Quality (Premium, High-end Premium, Super Premium), By Region, And Segment Forecasts, 2019 - 2025

The global whiskey market size is expected to reach USD 89.60 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 6.4% during the forecast period on account of rising product consumption across the globe. Growing product usage in the artistic preparation of alcoholic drinks is the key factor driving the industry. Blended whiskey is likely to remain the most lucrative product segment over the forecast period due to ongoing experimental activities to produce innovative drinks.

The market has also experienced a high demand for rye-based and single- and double-malt whiskey rich in new flavors. Use of malt whiskey in cocktail formulation is anticipated to increase the demand further. The segment is predicted to experience a steady CAGR over the next few years. The overall whiskey market has witnessed a shift from branded and premium drinks to super-premium and high-end premium drinks produced by skilled craftsmen using traditional processes.

High-end premium segment is likely to witness considerable growth due to market consolidation and high-entry-barrier of new companies. However, a small customer base and high prices of these products may limit the segment growth. The U.S. whiskey market is proliferating in line with the increasing disposable income levels, which has resulted in rising demand for the premium-quality products, such as corn and malt whiskeys.

Access Research Report of Whiskey Market @ https://www.grandviewresearch.com/industry-analysis/whiskey-market

Further key findings from the study suggest:

• Blended whiskey dominated the global market in 2018; while, the malt whiskey segment is projected to ascend at a CAGR of 7.1% over the forecast period
• The premium quality segment led the global market in 2018 accounting for a revenue share of 43.7%
• Rising preference for high-quality craft whiskey over those provided by established brands owing to the distinct taste and flavors will drive the segment
• The whiskey market in North America has grown at a prolific rate over the past few years owing to consumer preference for conventional, locally produced drinks
• Pernod Ricard, Hotaling & Co., William Grant & Sons, and Diageo plc are the prominent companies in the global market
• Most of these manufacturers provide whiskeys produced from locally-grown grains, such as rye, barley, and wheat. The whiskey distilleries owned by these companies are majorly located in U.S. and Europe owing to the substantial demand

Grand View Research has segmented the global whiskey market on the basis of product, quality, and region:

Whiskey Product Outlook (Volume, Million Liters; Revenue, USD Million, 2014 - 2025)

• Malt
• Wheat
• Rye
• Corn
• Blended
• Others

Whiskey Quality Outlook (Volume, Million Liters; Revenue, USD Million, 2014 - 2025)

• Premium
• High-end Premium
• Super Premium

Whiskey Regional Outlook (Volume, Million Liters; Revenue, USD Million, 2014 - 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.