Plastics Market is anticipated to rise at a CAGR of 3.2% from 2020 to 2027

 

Plastic Market Growth & Trends

The global plastic market size is expected to reach USD 722.6 billion by 2027, expanding at a CAGR of 3.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing automotive production and subsequent rise in plastics consumption in automotive component fabrication because of regulatory policies pertaining to vehicular weight reduction and fuel efficiency is expected to drive the market over the forecast period. Plastic facilitate fuel saving in automotive applications on account of reduced car weight and density as compared to conventional materials such as metals or rubber.

Since the last decade, there has been a substantial demand for the products as replacement for metals and ferrous alloys across various industries such as consumer goods, automotive, and industrial machinery. The growth of the market criticality lies on various factors such as ever-increasing requirement of end users in terms of product specification and versatility influencing consumption dynamics. Other factors such as socio-political, production process, and feedstock availability events also have a significant impact on industry trends.

Rapidly developing construction and automobile markets in Asia Pacific is expected to increase the demand for plastic in interiors, exteriors, and under hood components. Its major applications include under hood components in the automotive industry, building interior and exteriors in the construction and infrastructure industries, and various applications in electronics and durables.

However, the outbreak of highly contagious COVID-19 across the globe is severely affecting manufacturing industries, which, in turn, is anticipated to negatively impact the growth of the market. As COVID-19 continues to spread across the world, work from home rules, order cancellations, and shipping complications are surging throughout the plastics industry.

End-use industries such as automotive, consumer electronics, furniture and bedding, and construction are witnessing a sharp decline in terms of demand and production. This is owing to the reducing discretionary spending, increasing spending on essential items such as food and medical products, factory shutdowns, limitations on supply and transport, and a slowdown in infrastructure development activities across the globe. This, in turn, is anticipated to hamper the market. Moreover, rising number of COVID-19 positive cases across the globe is expected to result in an increased demand for medical devices, thereby positively influencing the growth of the market in medical device application such as ventilators, testing equipment, gloves, and masks.

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Plastic Market Report Highlights

• Raw materials used in plastic include hydrocarbon fuels (coal, natural gas and crude oil), salt, and sand. PE production in North America is dependent mainly on natural gas, which is available at a very low cost in the region. PE producers in the region are, thus, highly competitive
• Asia Pacific dominated the market during the forecast period from 2020 to 2027 and is projected to witness a CAGR of 3.9%
• Polyether ether ketone is expected to witness a CAGR of 6.2% in terms of volume during the forecast period. They are widely used in engineering applications owing to their characteristics, which include being colorless and organic
• Various strategic initiatives were recorded over the past few years in order to boost the growth of the market. For instance, in April 2020, Exxon Mobil Corporation announced to increase the monthly production of specialized polypropylene by 1,000 tons to meet the growing need for medical masks and gowns owing to the spread of coronavirus. This surge in the production of polypropylene is expected to help medical masks and gown manufacturers to produce an additional 20 million gowns or 200 million medical masks.

Plastic Market Segmentation

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

Plastic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Polyethylene (PE)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl chloride (PVC)
• Polyethylene terephthalate (PET)
• Polystyrene (PS)
• Acrylonitrile butadiene styrene (ABS)
• Polybutylene terephthalate (PBT)
• Polyphenylene Oxide (PPO)
• Epoxy Polymers
• Liquid Crystal Polymers
• Polyether ether ketone (PEEK)
• Polycarbonate (PC)
• Polyamide (PA)
• Polysulfone (PSU)
• Polyphenylsulfone (PPSU)
• Others

Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Packaging
• Construction
• Electricals
• Automotive
• Medical Devices
• Agriculture
• Furniture & Bedding
• Consumer Goods
• Utility
• Others

Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Poland
• China    
• Asia Pacific (excluding China)
  • India
  • Japan
  • Southeast Asia
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Other CSA
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Oman
  • Kenya
  • South Africa

List of Key Players of Plastic Market

• BASF SE
• SABIC
• Dow Inc
• DuPont de Nemours, Inc
• Evonik Industries
• Sumitomo Chemical Co., Ltd.
• Arkema
• Celanese Corporation
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corporation
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• Covestro AG
• Toray Industries, Inc.
• Mitsui & Co. Plastics Ltd.

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 Luxury Hair Care Market During 2020 – 2027 to Gain Robust Traction

 Luxury Hair Care Market Growth & Trends

The global luxury hair care market size is anticipated to reach USD 31.50 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.9% from 2020 to 2027. Increasing e-commerce sales and growth of the male wellness sector are some of the major factors contributing to the rising demand for the product worldwide.

Luxury haircare brands are expected to focus more on the packaging design of products to appeal to an expanding ‘influencer generation’ in the country who keep on sharing their haircare moments with their friends or/and followers on social media. OUAI, a Los Angeles-based disruptive luxury haircare brand, studied consumer trends extensively on social media to power a product strategy.

Asian consumers, most notably Chinese, Japanese, and Indians, see luxury cosmetics (including hair care products) as a form of social capital that marks them apart in society. High-end consumers in the Asian markets increasingly prefer luxury haircare brands that resonate on a cultural level. In the coming years, multinational luxury hair care firms are expected to introduce boutique brands to incorporate local aesthetics to increase product appeal among consumers.

Asia Pacific emerged as the largest regional market for luxury hair care in 2019. This region is forecast to maintain its lead throughout the forecast timeframe, given the increasing popularity of prestige products among an expanding consumer base. In an effort to stem the rapid spread of the coronavirus, countries across the Asia Pacific, most notably India, continue to push for social distancing rules, thereby forcing individuals to stay indoors. Such moves, in turn, are expected to have a negative impact on the growth of the regional market, mainly throughout the remainder of 2020.

The market is characterized by intense competition, with international brands dominating the market. The market is likely to mirror the trends prevalent within the luxury skincare space over the forecast period. In this respect, CBD-based luxury hair care products are expected to gain traction, notably among millennials in the U.S.

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Luxury Hair Care Market Report Highlights

• In terms of product, the shampoos segment led the market and accounted for 31.4% share of the overall revenue in 2019
• Asia Pacific held the largest share of 39.3% in 2019
• Acquisitions emerged as the key strategy deployed by market players to stay abreast of the competition.

Luxury Hair Care Market Segmentation

Grand View Research has segmented the global luxury hair care market based on the product, distribution channel, and region:

Luxury Hair Care Product Outlook (Revenue, USD Million, 2016 - 2027)

• Shampoos
• Conditioners
• Hair Coloring Products
• Hair Styling Products
• Hair Oils
• Others

Luxury Hair Care Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Departmental Stores
• Specialty Stores
• E-commerce
• Others

Luxury Hair Care Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • The U.K.
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • UAE

List of Key Players of Luxury Hair Care Market

• L'Oréal
• Estee Lauder Companies
• SEVEN, LLC.
• Alcora Corporation
• Kao Corporation
• KOSÉ Corporation

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.

Smart Home Appliances Market Revenue is expected to Reach USD 92.72 Billion by 2027

 Smart Home Appliances Market Growth & Trends

The global smart home appliances market size is anticipated to reach USD 92.72 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.1% from 2020 to 2027. The market is likely to witness significant growth in the years to come on account of the growing geriatric population, improved M-2-M communication systems, new product development, and improvements in the Internet of Things (IoT).

Technology is responsible for providing effective energy saving solutions, which are backed by various initiatives and favorable reforms undertaken by the government bodies in developed regions, including Europe and North America. High-end devices, coupled with technologically advanced features, such as IP and Bluetooth, render a large proportion of the overall population with unaffordable technology, which, in turn, is expected to drive demand.

Increasing spending on home improvement projects or home remodeling is boosting the product demand owing to rising home and mortgage prices. In addition, rapid developments and advancements in the IT infrastructure and wireless communication enable easy assimilation of the home appliances compatible with mobile devices, such as smartphones, laptops, and tablets. As a result of which, it allows the consumers to control and optimize the operations of the refrigerators from remote locations.

Moreover, the higher indulgence of Americans in smart devices and smart homes is ramping up the sales of smart washing machines owing to the increased prominence of connected devices. According to Digitized House Media, 3 out of 5 people in America buy smart home products in order to monitor their houses through their smartphones. According to a blog by NPS Publishing, smart home penetration was 7.5% in 2018, which is likely to hit 19.5% by 2022. Thus, increasing movement in the industry is widening the scope of smart appliances in households, which is expected to drive sales of smart washing machines.

Smart air purifiers are expected to witness the fastest growth in the years to come on account of increasing health consciousness and awareness regarding these purifiers. Stringent government regulations to improve the air quality standards, including the Clean Air Act established by the U.S. Environmental Protection Agency (EPA) in 1970, have been associated with establishing national air quality standards. In addition, the establishment of large commercial offices and buildings in countries, such as the U.S. and Canada, has increased the application scope of the product in the region. According to the WHO, in 2015, around 50% of global deaths caused by air pollution were registered in China and India. Moreover, 13 out of 20 most polluted cities in the world are located in India. According to a 2017 Greenpeace report, air pollution causes 1.2 million premature deaths in India every year.

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Smart Home Appliances Market Report Highlights

• By product, smart washing machines dominated the market with a share of 31.9% in 2019. This is attributed to greater penetration of smartphones and a wireless internet connection, which is helping increase the adoption rate of smart appliances, such as smart washing machines, across the residential sector
• In terms of revenue, offline distribution channel dominated the market with a share of 64.5% in 2019. This is attributed to the higher preference for convenience, specialty, and branded stores
• The smart air purifiers product category is expected to expand at the fastest CAGR of 17.9% from 2020 to 2027. Increased attention to the hygiene factor across the globe, especially as a resultant of the COVID 19 pandemic, is fueling the growth of the segment.

Smart Home Appliances Market Segmentation

Grand View Research has segmented the global smart home appliances market by product, distribution channel, and region:

Smart Home Appliances Product Outlook (Revenue, USD Million, 2016 - 2027)

• Smart Refrigerators
• Smart Washing Machines
• Smart Air Purifiers
• Smart TVs
• Others

Smart Home Appliances Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Offline
• Online

Smart Home Appliances Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • The U.K.
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Smart Home Appliances Market

• Samsung
• BSH
• GE
• Whirlpool
• LG
• Electrolux
• Panasonic
• Haier
• Koninklijke Philips N.V.
• Xiaomi Corporation

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.

Rice Noodles Market to Expand at a CAGR of 14.2% Through 2027

 Rice Noodles Market Growth & Trends

The global rice noodles market size is expected to reach USD 9.51 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.2% from 2020 to 2027. The growing popularity of Asian cuisine across the globe is playing a crucial role in expanding the scope of the market. Along with that, health benefits associated with rice noodles are fueling the growth of the market. A 2-ounce serving of rice noodles contains less than 0.3 grams of fat, which helps in keeping the amount of calories consumed low. It is also rich in manganese, which is essential for metabolism, thereby helping in regulating blood sugar and decreasing inflammation in the body.

Asian restaurants have also been playing a fundamental role in enhancing the penetration of the product across the globe. Noodles & Company, a dine-in, carryout/online ordering and catering restaurant chain, has been serving rice noodles in order to create gluten-free dishes. In August 2016, Explore Cuisine launched Brown Rice Pad Thai Noodles. These are made using organic, nutrient-rich whole grains, and are certified organic and vegan, non-GMO, and gluten-free. These are available in packs of 2-ounce and contains 4 grams of protein.

Asia Pacific accounted for the largest share of 65.0% in 2019. These products are a part of the staple of Asian cuisine and are used for cooking a variety of dishes in the region. Strong demand for such products in countries of the Far East and Southeast Asian countries is expected to fuel the growth of the regional market in the near future.

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Rice Noodles Market Report Highlights

• The stick segment accounted for a share of more than 40.0% in 2019. This is attributed to its versatility, which has led to its adaptation according to the regional taste of various countries
• The vermicelli product segment is expected to witness the fastest growth during forecast years with a CAGR of 15.0% from 2020 to 2027. The thin texture that makes it suitable for quick cooking is playing a crucial role in the rapid adoption of the product
• The conventional cooking method accounted for a share of more than 50.0% in 2019. Conventional variants can be cooked with a large variety of ingredients, providing the freedom to shape the taste and flavor of the dish
• By distribution channel, hypermarkets and supermarkets accounted for a share of more than 45.0% in 2019. Easy access to such products as staple food items in supermarkets is expected to remain a favorable factor for the segment growth.

Rice Noodles Market Segmentation

Grand View Research has segmented the global rice noodles market on the basis of product, cooking method, distribution channel, and region:

Rice Noodles Product Outlook (Revenue, USD Million, 2016 - 2027)

• Vermicelli
• Stick
• Wide
• Others

Rice Noodles Cooking Method Outlook (Revenue, USD Million, 2016 - 2027)

• Instant
• Conventional

Rice Noodles Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Hypermarkets & Supermarkets
• Convenience Stores
• Online Stores & D2C

Rice Noodles Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • Italy
• Asia Pacific
  • China
  • Japan
  • Thailand
  • Vietnam
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Rice Noodles Market

• Thai President Foods Public Company Limited
• NONGSHIM CO., LTD.
• TOYO SUISAN KAISHA, LTD.
• Nasoya Foods USA, LLC
• Nona Lim, LLC.
• McCormick & Company, Inc.
• Lotus Foods, Inc.
• Annie Chun’s, Inc.
• Embridge Foods, Inc.
• Natural Earth Products, Inc.

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.

Cocoa Nibs Market Analysis ,Industry Growth And Future Scope

 Cocoa Nibs Market Growth & Trends

The global cocoa nibs market size is expected to reach USD 1.99 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.9% from 2020 to 2027. Growing application of cocoa nibs in the food and beverages industry on account of its nutty and chocolatey flavor, coupled with exceptional nutritional properties, is expected to remain a key factor for the market growth. Moreover, increasing use of these nibs in frozen desserts and beverages, such as smoothies and coffees, is offering new scope for the global market.

Increasing adoption of these crushed product forms in confectionery, bakery, and dessert products among all age groups is expected to have a positive influence on market growth. Health benefits associated with products also play a substantial role in driving the demand for these products. Another important factor anticipated to influence the growth prospects of the market is the launch of different kinds of products in the global market.

The household application segment is expected to expand at the fastest CAGR of 8.1% from 2020 to 2027. With shifting consumers’ preference for a healthy lifestyle, nutritious and rich flavored products are increasingly adopted by consumers. People are increasingly using cocoa nibs for making cakes, cookies, smoothies, flavored milk, and they are also simply consumed as snacks.

North America was the largest regional market, accounting for a share of more than 30.0% in 2019 as the U.S. is one of the largest consumers of chocolates in the world. Demand for the organic products is significantly increasing in the country owing to shifting consumers’ preference for organic and healthy foods, which is expected to expand the scope of cocoa nibs at the national level.

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Cocoa Nibs Market Report Highlights

• The conventional product segment accounted for a share of more than 70.0% in 2019 and is anticipated to maintain the lead over the forecast period owing to the extensive range of products available in the global market
• The commercial application segment held the largest share of more than 65.0% in 2019. The confectionery sector is the largest consumer of cocoa nibs while the bakery and beverage industries are among the fastest-growing segments in terms of usage
• The organic product segment is expected to witness the fastest growth with a CAGR of 8.2% from 2020 to 2027 owing to higher adoption of organic and natural foods among consumers across the globe
• Asia Pacific is anticipated to foresee the fastest growth with a CAGR of 8.6% from 2020 to 2027. The consumption of various types of chocolatesis continuously increasing in countries, such as China and India, owing to shifting consumers’ food preferences, improving lifestyles, and increasing disposable income at the domestic level.

Cocoa Nibs Market Segmentation

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

Cocoa Nibs Product Outlook (Revenue, USD Million, 2016 - 2027)

• Conventional
• Organic

Cocoa Nibs Application Outlook (Revenue, USD Million, 2016 - 2027)

• Commercial
• Household

Cocoa Nibs Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • The U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Cocoa Nibs Market

• Barry Callebaut AG
• Cocoa Family Farms
• United Cocoa Processor, Inc.
• Navitas Organics
• Fine Cocoa Products Corporation
• Sunfood
• Viva Naturals
• NOW Foods
• Urban Platter
• BMV International

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.

Packaged Burgers Market Outlook, Leading Manufacturers, Industry Analysis And Forecast

 Packaged Burgers Market Growth & Trends

The global packaged burgers market size is expected to reach USD 5.58 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% from 2020 to 2027. Rising demand for convenience food is the key factor driving the market. Consumers across the world have been seeking ready-to-eat and ready-to-cook foods owing to changing lifestyles, hectic schedules, and lack of time to prepare food. Furthermore, an increasing number of dual-earner households across the globe have been boosting the demand for the product.

The frozen product dominated the market with more than 80.0% share in 2019. Longer shelf life and easy to cook aspects of the frozen product have pushed the demand for the product. Producers in the industry have been offering better-for-you ingredients in order to gain traction among the consumers. In addition, products addressing the specific dietary requirements, including vegan, dairy-free, gluten-free, and high in protein, are gaining popularity among the consumers.

Veg patty-based products held over 55.0% share of the global revenue in 2019. Increasing demand for plant-based products has been fueling the growth of the veg patties over the world. With the growing concerns about the impact of food production on the environment and animal cruelty, the vegan population has been expanding over the world. As a result, demand for meat-alternative food has been rising over the years.

The introduction of innovative meat-alternative products that offer meat-like texture, flavor, and mouthfeel experience has boosted the sales of the veg patty remarkably. In September 2019, Nestlé’s Sweet Earth Foods launched its plant-based Awesome Burger. The product delivers the texture and taste of beef and is made with yellow pea protein.

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Packaged Burgers Market Report Highlights

• Asia Pacific is expected to witness the fastest growth during forecast years with a CAGR of 10.0% from 2020 to 2027. Rising demand for ready-to-eat and ready-to-cook food in countries, including China, Japan, Australia, and India, is expected to fuel the growth of the market in the region
• Frozen products held the largest share of more than 80.0% in 2019 owing to their longer shelf life
• The veg patty segment accounted for more than 55.0% share of the total revenue in 2019. Rising demand for plant-based foods at the global level is expected to remain a favorable factor for the segment growth.

Packaged Burgers Market Segmentation

Grand View Research has segmented the global packaged burgers market on the basis of product, patty, distribution channel, and region:

Packaged Burgers Product Outlook (Revenue, USD Million, 2016 - 2027)

• Frozen
• Fresh

Packaged Burgers Patty Outlook (Revenue, USD Million, 2016 - 2027)

• Veg
• Non-veg

Packaged Burgers Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online
• Others

Packaged Burgers Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • Germany
  • The U.K.
  • France
• Asia Pacific
  • China
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Packaged Burgers Market

• Beyond Meat
• BUBBA foods, LLC
• Kellogg’s
• The Kraft Heinz Company
• Nestlé
• Paragon Quality Foods
• Impossible Foods Inc.
• Cremonini S.p.A.
• Premium Brands Holdings Corporation
• PRAEGER'S SENSIBLE FOODS

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.

Margarine Market is Expected to Enhance USD 4.32 Billion Revenue By 2027

 Margarine Market Growth & Trends

The global margarine market size is expected to reach USD 4.32 billion by 2027, expanding at a CAGR of 2.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing number of health conscious consumers is expected to drive the demand for the product as it contains low fat, low calorie, and low cholesterol. Furthermore,the consumption pattern will shift towards healthier and heart-friendly alternatives in the near future due to growing aging population 

Increasing application of the product in the bakery and confectionary industry is a key factor fueling the market growth. Margarine has gained significant popularity as an affordable, healthier, and sustainable ingredient among numerous food manufacturers. As a result, in terms of application, the commercial segment dominated the market in 2019.

In terms of product, hard margarine led the market with over 50% share of the total revenue in 2019. It is the most used form of the product in the food industry. Rising acceptance of packaged cookies and biscuits has widened the opportunity for hard margarine over the world. Liquid margarine is expected to witness the fastest growth over the forecast period owing to its lower fat content.

Key competitors in the industry include Unilever; Bunge Limited; NMGK Group; Conagra Brands, Inc.; Wilmar International Ltd.; BRF; Yildiz Holding; Cargill, Incorporated; Uni-President; Upfield; China Mengniu Dairy Company Limited; and Namchow. Merger & acquisition and new product launch are the key strategies adopted by the margarine manufacturers. For instance, in July 2018, Kohlberg Kravis Roberts & Co. L.P. (KKR) completed its acquisition of Unilever’s Spreads business. KKR acquired the business for USD 8.04 billion and it includes Unilever’s Country Crock, Becel, Flora, and Blue Band brands. This acquisition helped to reshape and enhance the product portfolio of the Spreads business.

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Margarine Market Report Highlights

• In terms of product, the hard segment dominated the market in 2019 with over 50% share of the global revenue owing to extensive application scope of the product in the bakery and confectionary industry
• The household application segment is expected to expand at the fastest CAGR of 2.8% from 2020 to 2027. This growth is attributed to increasing importance of healthy spreads during breakfast and dinner among the millennials
• Asia Pacific is expected to exhibit the fastest CAGR of 3.2% from 2020 to 2027 owing to growing demand for the product in countries, such as China and India
• Major players in the margarine market include Unilever; Bunge Limited; NMGK Group; Conagra Brands, Inc.; Wilmar International Ltd.; BRF; Yildiz Holding; Cargill, Incorporated; Uni-President; and Upfield.

Margarine Market Segmentation

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

Margarine Product Outlook (Revenue, USD Million, 2016 - 2027)

• Hard
• Soft
• Liquid

Margarine Application Outlook (Revenue, USD Million, 2016 - 2027)

• Commercial
• Household

Margarine Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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

Extruded Snacks Market Is Expected To Gain Significant Traction Over The Forecast Period

 Extruded Snacks Market Growth & Trends

The global extruded snacks market size is expected to reach USD 74.52 billion by 2027, expanding at a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. Increasing consciousness among consumers regarding their snacking habits and rising adoption of healthy products during snacking time are the key factors boosting the market growth.

Moreover, growing party culture among millennials and working-class population across the globe is anticipated to offer growth opportunity for the market over the forecast period. Extruded snacks are considered beneficial in many ways as they help in weight management and improving metabolism. Furthermore, these healthy products offer various nutrients and vitamins to the body, thus promoting the adoption among all the consumer groups.

Europe emerged as the largest regional market for extruded snacks in 2019 with a share of more than 40.0% based on volume owing to high consumption of extruded snacks on social occasions as well as for on-the-go snacking. In recent years, the region has witnessed a significant increase in the demand for wholegrain wheat and other cereals snacks. These trends are anticipated to boost the demand for extruded snacks in the region over the forecast period.

The extruded snacks market is fragmented owing to the presence of a large number of local as well as international players. Moreover, major market share is captured by some of the strong players, including Nestlé S.A.; The Kellogg Company; Calbee, Inc.; PepsiCo, Inc.; and Campbell Soup Company, with large customer base across the globe. Moreover, major players are adopting various strategies, including merger and acquisition, for expanding their customer base. For instance, in October 2018, Calbee, Inc. acquired a British brand, Seabrook Crisps in order to strengthen its presence in Europe.

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Extruded Snacks Market Report Highlights

• By product, potato accounted for a share of more than 25% based on volume as well as revenue in 2019. It is expected to maintain its lead over the forecast period owing to large consumption of potato based extruded snacks, including chips and pallet snacks
• The online retail distribution channel is anticipated to be the fastest growing segment with a revenue-based CAGR of 5.4% from 2020 to 2027. The growth of online retail is attributed to its easy, comfortable, and convenient accessibility, coupled with doorstep delivery
• Europe emerged as the largest regional market for extruded snacks in 2019 with a share of more than 40.0% based on volume owing to high consumption of product on social occasions as well as for on-the-go snacking
• Key players in the market include Nestlé S.A.; The Kellogg Company; General Mills Inc.; PepsiCo, Inc.; Campbell Soup Company; Calbee, Inc.; ITC Limited; Old Dutch Foods Inc.; Europe Snacks; and Universal Robina Corporation.

Extruded Snacks Market Segmentation

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

Extruded Snacks Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• Potato
• Corn
• Rice
• Tapioca
• Mixed Grains
• Others

Extruded Snacks Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
• Others

Extruded Snacks Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

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

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.

Fruit Beer Market to Observe Strong Development by 2027: Grand View Research Inc.

 Fruit Beer Market Growth & Trends

The global fruit beer market size is expected to reach USD 379.5 million by 2027, exhibiting a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. Growing popularity of alcohol free beer among millennials as an occasional drink during after-office hours and weekends is expected to remain a favorable factor for the industry growth over the next few years.

In terms of flavor, the market is bifurcated into peach, raspberry, cherry, apricot, and others. Raspberry flavored beer accounted for the largest share of 29.9% in 2019 owing to high popularity of this fruit flavor among young consumers. Cherry flavored beer is expected to expand at the fastest CAGR of 5.1% over the forecast period owing to high popularity of this fruit flavor among female consumers. Moreover, increasing product availability at supermarkets and hypermarkets is expected to contribute to the segment growth.

On-trade sales channel accounted for a share of 65.4% in 2019. Growing trend of socializing at bars, pubs, and liquor lounges owing to availability of a variety of options is a major factor driving the sale of fruit beer through on-trade distribution channel. Increasing number of microbreweries across the world is also expected to drive the on-trade channel segment.

Off-trade distribution channel is expected to expand at the fastest CAGR of 5.1% over the forecast period. Increasing product availability at hypermarkets is a main factor driving the sales of fruit beer through off-trade channel. Furthermore, increasing number of hypermarkets in economies, such as India, China, and Brazil, is expected to contribute to the segment growth.

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Fruit Beer Market Report Highlights

• In terms of flavor, the raspberry segment was valued at USD 79.8 million in 2019. It is expected to witness significant growth in the coming years as a result of growing popularity of raspberry flavor among consumers
• Off-trade distribution channel is expected to expand at the highest CAGR of 5.1% over the forecast period. Increasing availability of the product at affordable prices through off-trade distribution channel will boost the segment growth
• Asia Pacific is expected to exhibit the fastest CAGR of 6.3% from 2020 to 2027 due to growing popularity of alcohol-free beer among the youth population of countries, including China and India
• Key industry players of fruit beer market include Jester King, New Glarus Brewing Company, Allagash Brewing Company, SIREN CRAFT BREW, Founders Brewing Co., New Belgium Brewing Company, Anchor Brewing, The Golden Road, and SIXPOINT BREWERY.

Fruit Beer Market Segmentation

Grand View Research has segmented the global fruit beer market on the basis of flavor, distribution channel, and region:

Fruit Beer Flavor Outlook (Revenue, USD Million, 2016 - 2027)

• Peach
• Raspberry
• Cherry
• Apricot
• Other

Fruit Beer Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• On-trade
• Off-trade

Fruit Beer Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • Belgium
• Asia Pacific
  • China
  • Japan
• 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.

Hot Chocolate Market Pegged For Strong Growth During 2020-2027

 Hot Chocolate Market Growth & Trends

The global hot chocolate market size is anticipated to reach USD 4.44 billion by 2027, expanding at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness among consumers regarding associated health benefits of chocolate is a key factor driving the market. Furthermore, growing middle class population and rapid urbanization at the global level are expected to promote the industry growth over the forecast period.

Shifting consumer inclination towards nutritional products on account of rising incidence of cardiovascular disorders and surge in the number of weight management programs are expected to propel the demand for hot chocolate as a healthy option. Furthermore, increased number of health awareness videos on social media platforms, including YouTube and Facebook, by fitness enthusiasts is projected to upscale the requirements of hot chocolate.

The offline distribution channel segment held a major share of exceeding 90.0% in 2019. High product availability at supermarkets and hypermarkets and convenience stores is expected to favor sales of hot chocolate through offline channel in coming years. While the popularity of online sales channel is steadily growing, around 83% of consumers prefer offline channel as it provides the leverage of feel, touch, and taste, thereby driving the sales of hot chocolate through offline channel.

Online distribution channel is expected to expand at the highest CAGR of 7.5% from 2020 to 2027. Convenience of doorstep delivery, discounted price, and cash on delivery are the major factors influencing sale of hot chocolate through online channel. Moreover, entry of online retail giant Amazon in the online grocery industry is expected to boost hot chocolate sales through online channel in coming years.

Asia Pacific emerged as the largest regional market with share of 30.2% in 2019. This growth is attributed to rising awareness related to the health benefits of chocolate and increasing disposable income of the middle-class population in countries, such as China and India. Furthermore, growing presence of cafés in the region is expected to contribute to the growth of the hot chocolate market in coming years. For instance, according to the Starbucks’ investor presentation, as of September 2019, the company’s total store count stood at 163 across 10 cities in India.

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Hot Chocolate Market Report Highlights

• Online distribution channel is expected to expand at the fastest CAGR of 7.5% from 2020 to 2027. This is attributed to increasing preferences for e-commerce and rising dependence of generation X, millennials, and generation Z parents on internet
• Middle East and Africa is expected to expand at a highest CAGR of 5.8% over the forecast period and reach a value of USD 511.6 million by 2027. Improvement of economic indicators in countries, including Ethiopia, Nigeria, and Kenya is expected to open new avenues for the market in this region
• Some of the key manufacturers of hot chocolate are Nestle; Mondelēz International; The Hershey Company; Mars, Incorporated; Chocoladefabriken Lindt & Sprüngli AG; Xucker GmbH; Cocosutra; HARIBO of America, Inc.; Twinings (Associated British Foods plc); and Valrhona Inc.

Hot Chocolate Market Segmentation

Grand View Research has segmented the global hot chocolate market by distribution channel and region:

Hot Chocolate Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Offline
• Online

Hot Chocolate Regional Outlook (Revenue, USD Million, 2016 - 2027)

• 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.

Dried Fruit Market to Reach Around USD 13.92 Billion by 2027

 Dried Fruit Market Growth & Trends

The global dried fruit market size is expected to reach USD 13.92 billion by 2027, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising number of health-conscious consumers, growing awareness about the health benefits of dried fruit, and increasing application of the product in the food preparation are some of the factors driving the market for dried fruit. Furthermore, introduction of innovative products, along with increasing purchasing power, has been boosting the demand for dried fruit over the world.

In terms of product, raisins or dehydrated grapes held the largest share of over 35% in 2019. Countries including China, India, U.K., Germany, Turkey, and U.S. are the key consumers in the world. Vast application of these dried fruits in several foods, including dairy, bakery, snacks, and confectionary, has fueled the demand across the globe. The berries segment is expected to witness the fastest growth over the forecast period owing to their growing popularity of these dried fruits.

Shifting consumer preference for organic food products has also influenced the market growth over the past few years. As a result, manufacturers are expanding their organic product lines. For instance, in August 2019, Solely, Inc. introduced a new line of organic fruit jerky at all the Whole Foods Market stores in U.S. This new product line includes six single and two-ingredient products.

Key industry competitors include SUNBEAM FOODS, Sun-Maid Growers of California, AL FOAH, Bergin Fruit and Nut Company, Angas Park, Murray River Organics Gr, Red River Foods, Geobres, Kiantama Oy, Traina Foods, and SUNSWEET. Expansion of the product portfolio through the launch of innovative products has been a key strategy among the manufacturers. In addition, new players are entering the market in order to meet the growing demand. For instance, in October 2019, North Bay Produce, Inc. launched its first dehydrated fruit line. The company offers five products, including blueberries, cherries, cherries with zero added sugar, cranberries, and whole cranberries.

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Dried Fruit Market Report Highlights

• In terms of product, raisins dominated the market with more than 35% share of the global revenue in 2019. These dried fruits have been gaining popularity as they aid digestion, increase iron levels, and keep bones strong
• Asia Pacific is expected to expand at the fastest CAGR of 6.7% from 2020 to 2027 owing to increasing health consciousness among millennials in countries, including China and India
• Europe dominated the dried fruit market in 2019 with more than 30% share of the global revenue. High adoption of on-go snacking options in countries, including Germany, U.K., and France, is expected to have a positive impact on the regional market growth
• Online distribution channel is expected to expand at the fastest CAGR of 7.4% from 2019 to 2027 due to increasing penetration of e-retailers and smartphones at the global level
• Major players operating in the market include SUNBEAM FOODS, Sun-Maid Growers of California, AL FOAH, Bergin Fruit and Nut Company, Angas Park, Murray River Organics Gr, Red River Foods, Geobres, Kiantama Oy, and SUNSWEET.

Dried Fruit Market Segmentation

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

Dried Fruit Product Outlook (Revenue, USD Million, 2016 - 2027)

• Apricots
• Dates
• Raisins
• Figs
• Berries
• Others

Dried Fruit Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online

Dried Fruit Regional Outlook (Revenue, USD Million, 2016 - 2027)

• 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.

Decaffeinated Coffee Market Top Players, Segments, Cost Structure, Demand, Sales

 The global decaffeinated coffee market size is expected to reach USD 2.8 billion by 2027, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness about the harmful effects of caffeine on human health, such as anxiety, insomnia, digestive issues, muscle breakdown, high blood pressure, and fatigue, is expected to promote the scope of decaf coffee as healthy drinks. Additionally, shifting inclination towards functional and decaffeinated beverages among millennials at the global level as a result of increased health awareness through social media and television campaigns by hot beverage companies is expected to expand the industry scope.

Over the past few years, new product developments through synergizing the business expertise between two or three companies are expected to open new avenues. For instance, in February 2020, Starbucks and Nestlé together launched a new range of coffee capsules for the Nespresso original system. It comes in four premium signature blends and is made from ethically sourced Arabica coffee. Starbucks Decaf Espresso Roast, which is one of the four blends, has caramelly sweetness. These capsules are made from recyclable aluminum and are accepted in Nespresso’s Canadian recycling solutions.

Similarly, in February 2020, The Caffeinery's began its coffee roasting program. The roaster roasts three pounds of coffee every nine minutes. The company also offers decaffeinated blend, which has been awarded several times for its year-round catalog. Likewise, in January 2020, McDonald’s through its brand, McCafe launched decaf coffee drinks with the aim of attracting local customers who are sensitive to caffeine and heavy coffee drinkers. Four such drinks are available, which include Americano, McCafe Latte, Cappuccino, and Espresso. This offers a variety of choices for customers seeking to control their daily caffeine intake.

Key decaffeinated coffee market participants include SWISS WATER DECAFFEINATED COFFEE INC.; LifeBoost Decaf; Cafe Don Pablo Colombia Supremo Decaf; No Fun Jo Decaf; and Fresh Roasted. Product innovation is expected to remain a key strategy among the industry players in the near future.

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

Further key findings from the study suggest:

• Raw products generated revenue of USD 1.0 billion in 2019. Growing popularity of home roaster is motivating people to opt for unroasted and raw product forms
• Roasted products are expected to expand at the fastest CAGR of 8.1% from 2020 to 2027. These product categories are expected to gain popularity among the consumers due to their enhanced flavor and excellent aroma characteristics
• Based on bean species, Arabica accounted for around 30% share of the global revenue in 2019. This is attributed to large cultivation and easy availability of these beans
• Asia Pacific decaffeinated coffee market is expected to exhibit the fastest CAGR of 8.2% from 2020 to 2027 on account of improvement in economic indicators in countries, including Indonesia, Malaysia, and India.

Grand View Research has segmented the global decaffeinated coffee market on the basis of product, bean species, distribution channel, and region:

Decaf Coffee Product Outlook (Revenue, USD Million, 2016 - 2027)

• Roasted
• Raw

Decaf Coffee Bean Species Outlook (Revenue, USD Million, 2016 - 2027)

• Arabica
• Robusta
• Others

Decaf Coffee Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Offline

Decaf Coffee Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • France
  • Italy
  • Germany
• Asia Pacific
  • Japan
  • Indonesia
• Central & South America
  • Brazil
• Middle East & Africa (MEA)

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.

Dishwasher Tablet Market to Penetrate Untapped Regions During 2020 to 2027

 Dishwasher Tablet Market Growth & Trends

The global dishwasher tablet market size is expected to reach USD 904.1 million by 2027, expanding at a CAGR of 8.4% in the forecast period, according to a new report by Grand View Research, Inc. Rising awareness about hygiene and cleanliness among consumers and energy and water saving attributes associated with dishwasher tablets are the key factors driving the market. The dishwashing tablets market has been witnessing growth in the past few years owing to increasing disposable income of middle-age groups, along with the energy saving benefits.

Growing awareness about environmental pollution caused by liquid and traditional powder detergents is fueling the growth of the market. Consumers’ inclination towards detergent tablets and rising demand from developing countries are also contributing significantly to the market growth. The precise formulation of dishwasher tablets makes them better for the environment. In addition, dishwasher tablets are more convenient to use, which is posing high competition to the powder or liquid detergents.

Branded products segment accounted for a major share of approximately 73.0% in 2019 and is expected to witness lucrative growth over the forecast period. This is attributed to increasing consumers’ preference for branded products, which is led by factors like previous experience and trust. Trusted brand name or product gives consumers the confidence to buy it. Developed regions like North America and Western Europe possess high growth potential for branded products, thereby fueling growth of the segment. Private-label products are expected to witness significant growth during the forecast period.

Based on distribution channel, supermarket dominated the market and accounted for around 46.0% share in 2019. Major players are focusing on retailing their dishwasher products through supermarkets owing to a wider access to the customer base and high quality packaging of the products. Convenience stores are expected to witness significant growth in the forecast period. This is attributed to easy availability of different varieties of dishwasher cleaning products in convenient shops and grocery shops. The online segment is expected to witness moderate growth during the forecast period.

Europe dominated the dishwasher tablet market and accounted for more than 30.0% share in 2019. This is attributed to rapid shift in consumer preferences from detergent powders to tablets, along with increase in disposable income. Asia Pacific is expected to register the fastest CAGR of 9.3% in the forecast period. Growing awareness about hygiene and energy savings benefits of dishwasher tablets are driving the market in this region. Moreover, shift in consumer behavior and increasing willingness to spend more on high quality or premium products are expected to impact the regional market growth in the forecast period.

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Dishwasher Tablet Market Report Highlights

• Branded products accounted for the largest share of approx. 73.0% in 2019 and are projected to witness significant growth in the forecast period
• Based on distribution channel, convenience stores accounted for approx. 30.0% share in 2019
• Europe held the largest dishwasher tablet market share in 2019 due to growing awareness about hygiene and cleanliness, rising number of restaurants and hotels, and increasing disposable income, especially in France and Germany.

Dishwasher Tablet Market Segmentation

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

Dishwasher Tablets Product Outlook (Revenue, USD Million, 2016 - 2027)

• Private-label
• Branded

Dishwasher Tablets Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarket
• Convenience Stores
• Online
• Others

Dishwasher Tablets Regional Outlook (Revenue, USD Million, 2016 - 2027)

• 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.

Smart Kettle Market Estimated to Experience a Hike in Growth by 2027: Grand View Research Inc.

 The global smart kettle market size is expected to reach USD 968.5 million by 2025, expanding at a CAGR of 19.2% in the forecast period, according to a new report by Grand View Research, Inc. The market is driven by increasing penetration of IoT (Internet of Things) and voice-enabled devices. With the rapid technological upgradation, rise in the emergence of smart technologies, and launch of voice assistance devices like Amazon Echo and Google home appliances are considered to be the major factors fueling the market growth. In addition, these appliances are equipped with high intelligence sensors and can be operated remotely from android or iOS systems of smartphones or tablets. Growing trend of connected devices in small kitchen appliances is also expected to propel the market in the forecast period.

The Bluetooth technology segment accounted for more than 30.0% of the market share in 2019 and is expected to witness a significant growth over the forecast period. With new innovations in smart mers to look for high quality and multi-functioned smart kettles. It is typically available in power ratings ranging from 1200 W to 3000 W. High energy saving efficiency and remote controlling access via IoT environment are some of the prominent factors contributing to the growth of smart kettles.

Asia Pacific dominated the smart kettle market in 2019 and accounted for more than 36.0% of the total market share owing to rapid lifestyle changes, improving disposable income, and healthy economic growth. India and China are expected to be the fastest growing countries in the regional market. Increasing proliferation of smart technologies such as IoT solutions, AI, and voice-enabled services is expected to further drive the market in the region. Europe and North America are also expected to witness significant growth over the forecast period owing to the presence of matured economies.

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

Further key findings from the report suggest:

• In terms of revenue, voice-enabled based as a technology is projected to ascend at a CAGR of 19.9% over the forecast years
• 1200-1800 W range in power rating segment is expected to grow fastest with CAGR of 19.8% over the forecast period
• Europe is one of the fastest growing regions and it is growing at a significant rate of 19.7% CAGR due to growing number of the smart homes and advanced lifestyle standards especially in U.K. and Germany
• Some of the major companies in the smart kettle market areBreville Group Limited; Smarter Applications Ltd.; AEG, Fellow Industries, Inc.; Xiaomi; Brewista, Inc.; Sage Appliances; and AppKettle.

Grand View Research has segmented the global smart kettle market on the basis of technology, power rating, and region:

Smart Kettles Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Wi-Fi
• Bluetooth
• Voice-enabled
• Others

Smart Kettles Power Rating Outlook (Revenue, USD Million, 2016 - 2027)

• Up to 1200 W
• 1200-1800 W
• 1800-3000 W

Smart Kettles Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • UK.
  • Germany
• 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.

Massage Oil Market Industry Analysis, Opportunity Assessment And Forecast Till 2027

 The global massage oil market size is anticipated to reach USD 4.54 billion by 2027, expanding at a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. Organizations such as the American Massage Therapy Association (AMTA) and the International Massage Association (IMA) are spreading awareness related to various health benefits of massage by conducting seminars, training camps, and events. For instance, IMA is planning to conduct a world championship in June 2020 at Copenhagen with an aim to increase global networking among therapists across the world.

According to the AMTA, in 2018, patients in developed countries, such as U.S., Germany, and U.K, consulted their medical practitioners. Chiropractors continue to refer their patients to massage therapists for pain management, injuries, and overall wellbeing, which, in turn, is expected to contribute to growth of the market in the upcoming years.

Adult end-use segment held the largest market share in 2019. With the growing busy schedule and long working hours, adults are getting prone to various health conditions, including prenatal depression, autism, hypertension, dementia, and Parkinson’s syndrome. According to a study published in the U.S. National Library of Medicine (NLM), in 2016, massage therapies, including Swedish, Thai, and deep tissue, have shown beneficial effects on the aforementioned conditions. Growing awareness regarding various health benefits of these therapies is expected to have a positive impact on the massage oil market growth over the forecast period.

Spa and wellness centers held the largest share of 52% in 2019. Increasing number of spa centers in developing countries is expected to fuel the demand for massage oil over the forecast period. Additionally, rising awareness of various massage techniques, such as Swedish, Thai, and deep tissue, is expected to have a positive impact on growth of the market. Moreover, growing trend of providing aromatherapy as an added feature in the holiday and vacation packages has benefitted spas to attract more customers. For instance, in Italy, Borgo Egnazia offers Vair spa therapy with olive oil and lemons in its holiday packages, besides club activities and puppet shows.

Europe dominated the marketin 2019 and accounted for over 35% share of the overall revenue. Surge in the number of specialty spa centers providing different types of massage therapies, including golf ball, hot stone, lymphatic, and sports massage, in countries with high disposable income, such as U.K., France, Italy, and Germany, is driving the market in this region.

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

Further key findings from the study suggest:

• In terms of product, almond oil is anticipated to expand at the fastest CAGR over the forecast period. This is attributed to increasing popularity of almond oil among athletes, coaches, and sports physiotherapists as it can alleviate sore muscle
• Increasing prevalence of sports related injuries is increasing the adoption of sports massage treatment, which, in turn, is expected to fuel demand for almond oil in the upcoming years
• North America held a considerable massage oil market share in 2019 owing to increasing number of spa facilities, coupled with growing consumers’ preference for spa treatment on a regular basis on account of their hectic lifestyle
• Asia Pacific is expected to expand at the fastest CAGR of 7.6% over the forecast period due to increasing number of spa hotels in developing economies, including China and India.

Grand View Research has segmented the global massage oil market by product, end user, application, and region:

Massage Oil Product Outlook (Revenue, USD Million, 2016 - 2027)

• Olive
• Almond
• Coconut
• Citrus
• Others

Massage Oil End-user Outlook (Revenue, USD Million, 2016 - 2027)

• Adult
• Baby

Massage Oil Application Outlook (Revenue, USD Million, 2016 - 2027)

• Spa and Wellness Centers
• Medical Therapeutics
• Others

Massage Oil Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • 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.