Beverage Flavoring System Market Size Is Expected To Reach USD 7.0 Billion by 2028

 Beverage Flavoring System Market Growth & Trends

The global beverage flavoring system market size is expected to reach USD 7.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2020 to 2028. The increasing demand for both alcoholic and non-alcoholic beverages across the globe especially among the adult population is primarily driving the market growth. The developing economies are majorly supporting the growth through their economic development and growing purchasing power of residents.

Based on ingredients, the flavor enhancers segment is anticipated to experience a CAGR of 5.4% over the forecast period from 2020 to 2028. The flavor enhancers improve the original taste of a flavor without imparting its own flavor. Salt is the primary flavor enhancer but excess consumption may increases the risk of heart disease, as a result, the consumers' preference is shifting towards the other types of enhancers. Additionally, the rising awareness about the other enhancers such as isopropyl mercaptan, malic acid, disodium guanylate, and beta-alanin is further supporting market growth.

The alcoholic beverages segment is projected to experience the fastest growth over the forecast period from 2020 to 2028. The increasing consumption of flavored alcoholic beverages such as flavored rice wines, flavored rums, flavored tequilas, and flavored vodkas, across the globe is contributing to the fastest growth rate. Moreover, the increasing focus of companies to develop different flavors across alcoholic beverages is further driving the market.

Central and South America is anticipated to experience potential growth during the forecast timeframe from 2020 to 2028. The increasing consumption of beverages in the region is primarily contributing to the regional market value. Moreover, some of the commonly found drinks in Brazil include Aluá, Bombeirinho, Cachaça, Caipirinha, Caju Amigo, Cajuína, Capeta, Cauim, Chimarrão, Guaraná, Limonada suíça, Quentão, Rabo-de-galo, Tiquira, and Vinho Quente, which is expected to drive regional demand.

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Beverage Flavoring System Market Report Highlights

• The flavoring carriers segment is projected to ascend at a CAGR of 5.7% over the forecast period, in terms of revenue. The carriers are diluents or solvents that are mixed with a flavoring agent and their primary function is to protect the flavoring agent. These carriers also aid inefficient mixing of the flavoring agent in end-use. For instance, alcohols such as ethyl alcohol or propylene glycol are used as carriers in liquid flavors. Cornstarch or gum acacia is used as a carrier for dry or powdered flavors.
• The alcoholic segment is expected to register a CAGR of 5.5% during the forecast period from 2020 to 2028. The rising demand for alcoholic beverages, majorly including beer, wine, vodka, and gin is driving the segmental market growth. The demand for flavored alcoholic drinks such as gin, rose-flavored vodka, and beer is rising across the globe. According to a report published by Kirin Beer University in December 2020, the global consumption of beer increased by 0.5% in 2019 to reach 189.05 million kiloliters as compared with 2018.
• The artificial origin segment dominated the market and accounted for 42.5% of revenue share in 2020. The use of artificial flavors is increasing in beverages manufacturing owing to their lesser cost compared to their natural counterparts. These are manufactured from chemicals and are designed copies of natural flavors. Moreover, the consumption of these flavors is harmful and can promote some serious illnesses in the long run like cancer. Some of the artificial flavors include esters, aldehydes, phenols, and alcohol.
• In Asia Pacific, the market is expected to register a CAGR of 5.7% during the forecast period. The expanding presence of major players in the economies of the region to take advantage of available opportunities and increasing demand for beverages is supporting the fastest growth. For instance, in August 2018, ADM has opened a new regional office and state-of-the-art flavor and ingredient creation, application, development, and customer innovation center in Shanghai, China.
• Companies in the beverage flavoring system industry have been trying to increase their production capabilities and expand their geographic reach. For instance, in November 2019, the company opened a new extension to its Nantong, China manufacturing facility particularly to support the production capacity of liquid flavors for dairy, beverages, and sweet goods.

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Beverage Flavoring System Market Segmentation

Grand View Research has segmented the global beverage flavoring system market based on ingredients, beverage type, flavor type, form, origin, and region:

Beverage Flavoring System Ingredients Outlook (Revenue, USD Million, 2017 - 2028)

• Flavoring agents
• Flavoring carriers
• Flavor enhancers
• Others

Beverage Flavoring System Beverage Type Outlook (Revenue, USD Million, 2017 - 2028)

• Alcoholic
• Non-alcoholic
  • Dairy
  • Juices
  • Carbonated soft drinks
  • Functional Drinks
  • Others

Beverage Flavoring System Flavor Type Outlook (Revenue, USD Million, 2017 - 2028)

• Chocolate and browns
• Dairy
• Herbs & botanicals
• Fruits & vegetables
• Others

Beverage Flavoring System Form Outlook (Revenue, USD Million, 2017 - 2028)

• Dry
• Liquid

Beverage Flavoring System Origin Outlook (Revenue, USD Million, 2017 - 2028)

• Artificial
• Natural

Beverage Flavoring System Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa (MEA)
  • South Africa

List of Key Players of Beverage Flavoring System Market

• ADM
• Givaudan
• Sensient Technologies Corporation
• Kerry Group
• International Flavors and Fragrances Inc.
• Firmenich SA
• Takasago International Corporation
• Flavorchem & Orchidia Fragrances
• Tate & Lyle
• MANE
• Döhler
• Symrise

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.

Unidirectional Tapes Market is Anticipated To Generate Significant Revenues by 2028: Grand View Research Inc.

 Unidirectional Tapes Market Growth & Trends

The global unidirectional tapes market size is expected to reach USD 502.9 million by 2028, registering a CAGR of 15.9% over the forecast period, according to a new report by Grand View Research, Inc. The growing emphasis by aerospace companies on the production of lightweight aircraft is expected to drive the demand for unidirectional (UD) tapes over the forecast period. The development of advanced products for sealing, coupled with the rising investments in R&D for the production of advanced high-strength adhesive tapes, is projected to drive the product demand over the forecast period.

In addition, the development of eco-friendly solvent recovery technology used for the coating of adhesives is expected to drive the product demand in the coming years. Aerospace & defense was the largest end-use segment in 2020 and is likely to maintain its dominance over the forecast period. Thermoplastic and thermosets UD tapes are used in primary and secondary aircraft structures and high-load aircraft interior applications including fuselage, wings, cargo liners, bulkheads/class dividers, and lavatory modules.

The market is moderately competitive owing to the presence of a limited set of players majorly concentrated in the U.K. and Germany. The market is also highly influenced by various other players from the countries, such as the U.S., Saudi Arabia, Japan, and the Netherlands. Major players in the industry focus on research & development activities to introduce ultra-lightweight components for bonding operations the in automotive and aerospace sectors

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Unidirectional Tapes Market Report Highlights

• North America accounted for the largest revenue share of over 39% of the global UD tapes market in 2020
• Prominent automobile manufacturers in the region are engaged in the production of lightweight vehicles, which is boosting the product demand
• The thermoplastic resin type segment led the global market in 2020 with a revenue share of 74.7%
• It is expected to expand further at the fastest CAGR from 2021 to 2028 on account of the superior characteristics of these resins that enhance the performance of tapes
• The carbon fibersegment is expected to ascend at the second-fastest CAGR of more than 16% from 2021 to 2028
• This growth is credited to their wide application scope in automotive and aerospace parts manufacturing operations
• In the U.S., the demand for glass fiber products accounted for a significant volume share in 2020, this was supported by the increased utilization of tapes in manufacturing industries
• The market is moderately competitive with a limited number of multinational companies

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Unidirectional Tapes Market Segmentation

Grand View Research has segmented the global unidirectional tapes market on the basis of resin type, fiber, end-use, and region:

Unidirectional Tapes Resin Type Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Thermoset
• Thermoplastic

Unidirectional Tapes Fiber Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Glass Fiber
• Carbon Fiber
• Other Fiber

Unidirectional Tapes End-use Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Aerospace & Defense
• Automotive
• Sports & Leisure
• Others

Unidirectional Tapes Regional Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa

List of Key Players of Unidirectional (UD) Tapes Market

• Evonik Industries AG
• SABIC
• Solvay, S.A.
• Hexcel Corp.
• Toray Industries, Inc.
• SGL Group
• Teijin Ltd.
• BASF SE
• Celanese Corp.
• Victrex plc.
• Cristex Composite Materials
• Eurocarbon B.V.
• Plastic Reinforcement Fabrics Ltd.
• TCR Composites, Inc.
• Barrday, 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.

North America And Europe Veterinary Telehealth Market Will Be Worth USD 279.0 Million by 2028: Grand View Research Inc.

 North America And Europe Veterinary Telehealth Market Growth & Trends

The North America and Europe veterinary telehealth market size is anticipated to reach USD 279.0 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.0% from 2021 to 2028. The market is primarily driven by the increasing number of pets. For instance, in 2019 about 67.0% of American households (or 84.9 million American homes) owned a pet, as per data released by the American Pet Products Association (APPA). Compared to the 2017 data wherein about 60.2 million American households owned at least one pet dog, the 2019 data was significantly greater, showing an upward trend in the pet population. Rising humanization of pets and pet expenditure are other factors expected to drive the market growth. An increase in the number of veterinary hospitals and pet care clinics is also expected to contribute to market growth.

The COVID-19 pandemic had an intense effect on the veterinary care market. According to the CEO of Animal Policy Group, the adoption of pets increased along with the adoption of veterinary telehealth in order to follow social distancing norms. Deb Leon, CEO of WhiskerDocs, stated that their business experienced a 30% surge during the COVID-19 pandemic.

Additionally, in response to the pandemic, the USFDA relaxed its Federal VCPR requirements, temporarily. This allowed veterinarians to practice telemedicine without an on-premises animal examination or a pre-existing veterinarian-client relationship. Given the temporary nature of this policy, the FDA plans to reassess it periodically to either revise or withdraw the guidelines, as necessary. However, this catalyzed the adoption of veterinary telehealth. Governments of various states across the U.S. also recognized the impact, and many of them added veterinary care to the list of essential services covered by telehealth under emergency measures. Even post-COVID, the trend of increased usage of these solutions is expected to continue.

The demand for livestock products is growing in developing and developed economies. This has led to greater concern over the health of livestock. According to the United States Department of Agriculture, National Agricultural Statistics Service, as of January 2021, the number of cattle and calves in the U.S. was 93 million and that of beef cows was 31.0 million, respectively. Monitoring livestock health is important in order to secure the food supply. Telemonitoring solutions are increasingly adopted to monitor livestock farms to keep track of herd health in real-time and to gain actionable insights.

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North America And Europe Veterinary Telehealth Market Report Highlights

• The market is expected to witness a CAGR of 19.0% during the forecast period owing to supportive government policies and increased digitization of healthcare services
• The others segment dominated the animal type segment in 2020. It covers livestock animals such as poultry, goats, and sheep. It is driven by the increased demand and consumption of these animals and animal-based products. Telehealth, especially telemonitoring solutions provide real-time data giving farm owners more control over their facilities and reducing losses
• The teleconsulting segment held the largest revenue share in 2020. It emerged as an ideal solution for providing virtual quality care for animals and to consult with other fellow practitioners while curbing the spread of the coronavirus during the pandemic
• The U.S. dominated the market in North America due to factors such as the presence of key players and widespread adoption of telehealth by pet parents
• K. held the major share of the market in Europe in 2020. This is mainly attributed to the increased humanization of pets
• The market is competitive in nature and players are adopting strategies such as new product launches, regional expansions, and partnership agreements to gain a competitive edge. For instance, in January 2020, Video With My Vet Ltd. launched its telemedicine app enabling veterinarians to provide video consultations to their clients
• Also, in November 2020, FirstVet launched its telemedicine service in the U.S. Its app-based video consultations platform can connect pet owners from 50 states to a FirstVet veterinarian

Access Press Release@ https://www.grandviewresearch.com/press-release/north-america-europe-veterinary-telehealth-market-analysis

North America And Europe Veterinary Telehealth Market Segmentation

Grand View Research has segmented the North America and Europe veterinary telehealth market on the basis of animal type, service type, and region:

North America & Europe Veterinary Telehealth Animal Type Outlook (Revenue, USD Million, 2016 - 2028)

• Canine
• Feline
• Equine
• Bovine
• Swine
• Others

North America & Europe Veterinary Telehealth Service Type Outlook (Revenue, USD Million, 2016 - 2028)

• Telemedicine
• Teleconsulting
• Telemonitoring
• Others

North America & Europe Veterinary Telehealth Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Sweden
  • Finland
  • Norway
  • Netherlands

List of Key Players of the North America And Europe Veterinary Telehealth Market

• FirstVet
• PawSquad
• Vets Now
• Petzam
• Whiskers Worldwide, LLC
• BabelBark, Inc.
• Video With My Vet
• Vet-AI Ltd
• AmerisourceBergen Corporation
• The Vet Connection
• IDEXX Laboratories, Inc.
• Wizzvet
• Barkibu
• Barkyn, Lda
• VetCT
• Dindog Tech SL
• PetsApp Ltd
• Activ4Pets
• Airvet, Inc.
• GuardianVets

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.

Automotive Smart Display Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Automotive Smart Display Market Growth & Trends

The global automotive smart display market size is expected to reach USD 16.98 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive the market. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, are also expected to fuel the market demand over the forecast period.

The surge in demand for vehicle navigation and connectivity system in the automotive sector led to a growth in the usage of automotive visualization technology. The visualization technology has played a significant role in the advancement of the cockpit technology, which has led to the incorporation of interactive and smart displays in several vehicles launched by prominent automakers, such as Jaguar Land Rover, Mercedes-Benz, Volkswagen, Audi, and BMW. Moreover, the technology is gaining prominence among automotive display suppliers with an uptick in demand for automotive in-vehicle infotainment solutions as well as display solutions. An increase in the sales of passenger vehicles equipped with smart displays and in-vehicle infotainment systems, coupled with features such as navigation, driver assistance, and real-time traffic monitoring, is expected to bolster the market growth over the forecast period.

Asia Pacific held the largest share in 2020 owing to the presence of several key players, such as Panasonic Corporation (Japan), Yazaki (Japan), and Nippon Seiki (Japan) in the region. The region is characterized by the presence of developed nations such as Japan and South Korea, along with emerging economies such as China and India. In recent years, the region has emerged as a hub for automobile production.

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Automotive Smart Display Market Report Highlights

• In terms of display size, the greater than 10" size segment is expected to register the highest CAGR of 9.2% from 2021 to 2028 owing to the increase in the number of semi-autonomous, autonomous, and electric cars
• Based on display technology, the TFT-LCD segment dominated the market in 2020 and is anticipated to maintain its lead the forecast period
• By application, the center stack segment accounted for the largest revenue share of over 40.0% in 2020. Technological developments in self-driving and connected cars are expected to propel the demand for center stack displays in vehicles
• Asia Pacific accounted for the largest revenue share in 2020. This is attributed to increased production and sales of passenger vehicles in the region

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Automotive Smart Display Market Segmentation

Grand View Research has segmented the global automotive smart display market on the basis of display size, display technology, application, and region:

Automotive Smart Display Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 5''
• 5''- 10''
• Greater than 10''

Automotive Smart Display Technology Outlook (Revenue, USD Billion, 2016 - 2028)

• LCD
• TFT-LCD
• OLED
• Others

Automotive Smart Display Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Digital Instrument Cluster
• Center Stack
• Head-up Display (HUD)
• Rear Seat Entertainment

Automotive Smart Display Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of Automotive Smart Display Market

• Alps Alpine Co., Ltd.
• Continental AG
• Denso Corporation
• Hyundai Mobis
• Nippon Seiki Co., Ltd.
• Panasonic Corporation
• Pioneer Corporation
• Robert Bosch GmbH
• SAMSUNG (HARMAN International)
• Visteon 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.

Cell And Gene Therapy Clinical Trials Market to Witness Soaring Growth During 2021 – 2028: Grand View Research Inc.

 Cell And Gene Therapy Clinical Trials Market Growth & Trends

The global cell and gene therapy clinical trials market size is expected to reach USD 45.4 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 22.3% from 2021 to 2028. Increasing funding, investments in research and development, and successful product launches are boosting the market growth.

Cell and gene therapies (CGTs) signify the next great movement of therapeutic innovation and have resulted in the development of promising therapies around the world. Although a few of the early therapies have got marketing approval in the U.S., there are numerous promising therapies in development across the world.

The market of cell and gene therapy has witnessed significant growth over the past few years with pharma firms partnering to create effective and accessible therapies for patients. As reported by PhRMA in 2019, there were 362 cell and gene therapies in clinical development in the U.S. representing a 20% increase from 2018. In addition, by the end of 2019, there were more than 1,000 cell and gene therapy clinical trials in the process including 452 gene-modified and cell-based immune-oncology, 352 gene therapies, 216 cell therapies, and 46 tissue engineering.

Besides, investment is rolling into companies of various types, ranging from startups to major acquisitions by significant biopharmaceutical companies. In 2019, 19 deals of M&A worth over USD 156 billion were completed. The largest of these was the acquisition of Celgene and its pipeline of numerous cell therapy assets by Bristol-Myers Squibb for USD 74 billion is expected to boost its participation in oncology treatments. Hence, representing a noteworthy increase since 2015, when M&A activities in these are totaled about USD 4 billion.

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Cell And Gene Therapy Clinical Trials Market Report Highlights

• By phase, the phase II segment held the largest share of over 50.0% in 2020 owing to the large number of therapies currently in development in phase II
• Based on indication, the oncology segment held the largest share of 47.0% in 2020 as oncology alone contributed to 600 CGT clinical trials out of around 1,000
• North America dominated the global market with a share of 48.3% in 2020. This is largely attributed to a large number of clinical trial activities in the U.S. and favorable government support
• The Asia Pacific region is expected to expand at the fastest CAGR of 23.1% over the forecast period owing to the increasing number of biotechnology companies focusing on CGTs

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CGT Clinical Trials Market Segmentation

Grand View Research has segmented the global cell and gene therapy clinical trials market based on phase, indication, and region:

CGT Clinical Trials Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Phase I
• Phase II
• Phase III
• Phase IV

CGT Clinical Trials Indication Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• Cardiology
• CNS
• Musculoskeletal
• Infectious diseases
• Dermatology
• Endocrine, metabolic, genetic
• Immunology & inflammation
• Ophthalmology
• Hematology
• Gastroenterology
• Others

CGT Clinical Trials Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Cell And Gene Therapy (CGT) Clinical Trials Market

• IQVIA
• ICON Plc
• Covance
• Charles River Laboratory
• PAREXEL International Corporation
• Syneos Health
• Medpace Holdings, Inc.
• Novartis
• Novotech
• Veristat, LLC

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.

Europe, Middle East & Africa Outdoor Candle Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Europe, Middle East & Africa Outdoor Candle Market Growth & Trends

The Europe, Middle East & Africa outdoor candle market size is anticipated to reach USD 624.7 million by 2028, registering a CAGR of 3.9% over the forecast years, according to a new report by Grand View Research, Inc. Outdoor candles have a great significance in celebrations, religious ceremonies, get-togethers, and festivals. They not only provide lighting and create a beautiful ambiance for the festival season but can also have a calming effect on the mind. According to a blog post by Affiliate UNguru, 35% of all candle sales take place during Christmas. In addition, theme-based outdoor parties, events, and weddings have been contributing to the product demand.

Over the past few years, consumers have been gaining interest in home gardens, patio constructions, and creating a green and comfortable outdoor atmosphere that can be used for outdoor cooking and partying. This trend also presents a lucrative growth opportunity for the market in the residential sector. Moreover, a variety of products containing various essential oils can help in keeping bugs and mosquitoes at bay, which also boosts the overall demand in residential as well as commercial applications.

Many manufacturers are focusing on importing candles from countries, such as China, India, and Vietnam, due to low product prices. As per the European Candle Association, imports from China and other low-cost countries, such as India or Vietnam, have witnessed an increase since antidumping duties were stopped four years ago.

According to the European Commission, in 2018, the import of candles from non-EU countries came mainly from China (€237 million, or 66% of extra-EU imports of candles), the United States (€61 million, 17%), and Vietnam (€24 million, 7%), followed by India (€16 million, 4%), Switzerland and Ukraine (each €4 million, 1%), the Dominican Republic (€3 million, 1%), and Thailand and Hong Kong (each €2 million, 1%). Almost two-thirds of EU candle exports went to three countries namely, Switzerland (€43 million, or 23% of extra-EU exports of candles), Norway (€41 million, 22%), and the United States (€34 million, 18%), followed by Russia (€9 million, 5%), China (€5 million, 3%), Iceland and Ukraine (each €4 million, 2%), and the United Arab Emirates (€3 million, 2%).

The soy wax type segment is estimated to register the fastest CAGR from 2021 to 2028 due to the high demand for soy wax candles as they are completely plant-based, which makes them a renewable resource. A lot of consumers are abstaining from consuming any animal products. Most soy wax candles are made without the use of stearic acid (animal-based), which is used to harden the wax. Soy wax is derived from soybean. It is a hydrogenated vegetable that solidifies at room temperature. Soy wax does not contain anything artificial, which makes it a better alternative to paraffin wax. These factors are expected to boost the segment growth over the forecast years.

The online distribution channel segment is estimated to record the fastest CAGR from 2021 to 2028. Online channels include aggregators as well as manufacturer-hosted e-commerce sites. Manufacturers have realized the potential of online sales channels and thus, host their shopping websites to better cater to rising demand and improve profit margins. Third-party sellers sell products of major manufacturers as well as local producers. They excel by establishing a strong supply chain that extends geographical borders. Thus, when customers want to buy from international players that might not be available in a certain country, third-party suppliers offer the perfect solution.

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Europe, Middle East & Africa Outdoor Candle Market Report Highlights

• The overall market is expected to register a CAGR of 3.9% from 2021 to 2028
• The paraffin wax type segment accounted for the largest share of over 75.0% in 2020 and is expected to expand at a CAGR of 4.0% over the forecast period of 2021 to 2028
• However, the soy wax segment is expected to record the fastest CAGR over the forecast period
• The offline distribution channel segment accounted for the largest revenue share of more than 79.4% in 2020
• Germany led the overall market accounting for the largest revenue share of over 25.0% in 2020

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Europe, Middle East & Africa Outdoor Candle Market Segmentation

Grand View Research has segmented the Europe, Middle East & Africa outdoor candle market on the basis of wax type, distribution channel, and country:

EMEA Outdoor Candle Wax Type Outlook (Revenue, USD Million, 2016 - 2028)

• Paraffin Wax
• Soy Wax
• Bees Wax
• Palm Wax
• Others

EMEA Outdoor Candle Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

EMEA Outdoor Candle Country Outlook (Revenue, USD Million, 2016 - 2028)

• Germany
• UK.
• France
• South Africa

List of Key Players of Europe, Middle East & Africa Outdoor Candle Market

• The White Company
• Stennah & Hope Ltd.
• Scent Perfique
• Duffy and Scott Candlemakers Ltd.
• Engles Kerzen
• Gala Group GmBH

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.

North America & Europe Luxury Interior Fabric Market is Expected to Enhance USD 2.7 Billion Revenue By 2028: Grand View Research Inc.

 North America & Europe Luxury Interior Fabric Market Growth & Trends

The North America & Europe luxury interior fabric market size is expected to reach USD 2.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.9% from 2021 to 2028. Rising awareness about the benefits and comfort offered by these stylish interior fabrics is boosting the market growth. As lifestyles are changing, consumers are inclined towards good quality, comfortable, and visually attractive interior fabrics.

With the expansion of real estate, the market is bound to witness growth in the interiors industry, which is likely to propel the demand for the fabric in the segment. In accordance with the index specialist, the value of property owned for the purpose of achieving investment returns reached USD 9.8 trillion in 2019, 7.8% more than in 2018. The rising demand for new houses owing to the growing population is also expected to boost the market growth in the foreseeable future.

The number of single-family permits in the U.S. increased by 8.4% in 2018, from the previous year, according to the National Association of Home Builders. Thus, developments in the domestic category are projected to drive the demand for luxury interiors, thereby pushing the market growth. Changing trends in home furnishing are also expected to boost the market growth. Consumers are seeking attractive statement interior pieces that can stand on their own in their minimalistic-decorated homes. Moreover, rising environmental consciousness among consumers is bringing the spotlight on organic and sustainable materials and fabrication that includes repurposed and recycled elements. In addition, with consumer interest shifting towards sustainability, a surge in demand for more natural textures and colors is being observed. This, in turn, is expected to boost the demand for luxury interior fabrics in the forecast period.

Technological advancements are also changing how people are shopping for luxury interior fabrics in stores. Physical stores are expected to provide better experiences with the proliferation of digitalization and consumer-facing technology that is used to make it easier for shoppers to research, find, and buy interior fabrics.

As more customers commence to leverage technology to guide their purchasing decisions, retailers are using that data to drive sales. Now retailers can make decisions that are profit-driven on the basis of the data provided by browsing the web, online shopping, and digital couponing. Moreover, as manufacturers are learning more about what consumers are looking for, the better they will be at generating offers that attract shoppers and increase sales.

The upholstery product segment held over 52.7% of the revenue share in 2020. Upholstered furniture is one of the fastest-growing segments in the furniture industry. Upholstered furniture such as beds, chairs, sofas, and cushions have been witnessing significant demand. Upholstered furniture is more comfortable since it is padded and covered with a piece of fabric. Increasing purchasing power of consumers, improvements in the standard of living, and changing lifestyles have led to the development of luxurious upholstery fabrics for various types of seating furniture. An increase in the number of building constructions also supports the industry owing to new furniture requirements, once new homes have been built.

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North America & Europe Luxury Interior Fabric Market Report Highlights

• In North America, the U.S. is expected to register a CAGR of 12.2% from 2021 to 2028. Manufacturers operating in the U.S. continue to offer luxury furniture made using sophisticated and visually appealing materials. The demand for luxury and premium furniture from certain consumer sections is boosting the market growth
• The jacquard raw material is expected to witness the highest CAGR of 12.4% from 2021 to 2028
• The domestic end-user segment held the largest revenue share of 60.0% in 2020 owing to its higher penetration across households

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North America & Europe Luxury Interior Fabric Market Segmentation

Grand View Research has segmented the North America & Europe luxury interior fabric market on the basis of product, raw material, end-user, distribution channel, and region:

NA & Eur Luxury Interior Fabric Product Outlook (Revenue, USD Million, 2016 - 2028)

• Curtains
  • Doors
  • Windows
• Upholstery
  • Chairs
  • Sofas
  • Beds
  • Luxury Cushion
• Bed Linen
• Mattress Coverings

NA & Eur Luxury Interior Fabric Raw Material Outlook (Revenue, USD Million, 2016 - 2028)

• Cotton
• Velvet
• Linen
• Jacquard
• Others

NA & Eur Luxury Interior Fabric End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Domestic
• Commercial

NA & Eur Luxury Interior Fabric Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

NA & Eur Luxury Interior Fabric Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • UK.

List of Key Players of North America & Europe Luxury Interior Fabric Market

• Jim Thompson Fabrics
• Pierre Frey
• Style Library
• The Romo Group
• Kravet Inc.
• Dedar S.p.A
• Nina Campbell
• De Le Cuona
• Rubelli SPA
• Nobilis
• Colefax Group plc

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.

Australia Kids Scooter Market to Witness Soaring Growth During 2021 – 2028: Grand View Research Inc.

 Australia Kids Scooter Market Growth & Trends                             

The Australia kids scooter market size is expected to reach USD 5.53 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2021 to 2028. With changing lifestyles, riding a kids scooter is considered to be a fun activity, which is becoming increasingly popular among children during their leisure time with their friends. The activity is further supported by parents who encourage scootering for children in their day-to-day life as it helps in gaining self-confidence and traffic knowledge. Furthermore, daily scootering results in learning technical and mechanical skills.

The company, Micro Mobility Systems Ltd., offers training programs on safety and correct handling techniques on Micro Mobility Day. Every year, more than six thousand children participate in the training course. The course focuses on braking technologies as well as understanding and awareness related to danger. Such initiatives are expected to have a positive impact on product adoption, which, in turn, will fuel the market growth in the upcoming years.

With the growing demand for scooters among consumers in the country, the Australian government is changing laws in favor of electric scooter riders and owners. Governments are normalizing norms to boost the adoption of electric scooters to reduce traffic congestion, public transport overcrowding, and associated environmental and economic costs. For instance, in December 2019, the ACT government announced that they would be legalizing the use of electric scooters on footpaths and shared paths, following increased public demand. Canberra residents are now permitted to travel at speeds of up to 15km/h on footpaths and up to 25km/h in all other permitted locations.

Due to the ongoing coronavirus pandemic across the globe, nonessential businesses and the supply of such products have slowed down. According to the Australian Bureau of Statistics, as of April 2020, two-thirds of businesses across all sectors have been affected in terms of revenue or cash flow due to COVID-19, while about 1 in 10 businesses has stopped trading.

With nationwide lockdowns and shelter-in-place orders, people in the country have started to find new ways of passing their time. Fitness enthusiasts have been opting for physical activities such as cycling instead of going to the gym while kids have been engaging in outdoor activities like scooting. The Bicycle Network has urged the government to turn roads into bicycle lanes in order to ease the load on busy bike paths during the lockdown.

By product, the 2 wheel segment is anticipated to expand at the fastest CAGR from 2021 to 2028. These kids' scooters have two wheels, which are generally popular among older kids (more than 5 years) with a well-developed sense of balance. Additionally, these scooters can achieve higher speed and are designed to carry more weight. They are made of durable materials, such as airplane-grade aluminum. Shifting government focus toward greener modes of transportation is expected to promote the growth of the market in the coming years.

Electric kids scooter is expected to emerge as the fastest-growing type segment over the forecast period. In the Northern Territory, the Darwin city council announced that Neuron Mobility, Southeast Asia’s leading e-scooter sharing company, will be conducting a 12-month trial of e-scooters across 37 Darwin locations in January 2020. This is estimated to boost the product demand in the country.

The online segment is estimated to be the fastest-growing distribution channel over the forecast period. Increasing product visibility on amazon.com, Walk Bye, and Gumtree is the main factor driving the sales of kids scooters through the online channel. In addition, online portals provide 24*7 assistance, have a variety of products to choose from, and offer heavy discounts on branded products. Moreover, e-commerce retailers are expanding their presence in tier II and III cities and are focusing on improving delivery services. Comparison features on websites and a rise in direct-to-consumer offerings are also acting as catalysts for the growth of the online segment.

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Australia Kids Scooter Market Report Highlights

• The 3 wheel product segment accounted for the largest revenue share of nearly 65.0% in 2020. This is attributed to the increasing demand for the product owing to its enhanced features and multi-functionality
• The electric type segment is expected to register the highest revenue-based CAGR of 6.2% from 2021 to 2028 owing to the growing popularity of e-scooters, particularly among children
• The offline distribution channel segment accounted for the largest revenue share of 81.1% in 2020. This is attributed to consumers’ inclination toward offline stores for purchasing scooters for their kids to find the right fit and understand the mechanism as well as functionality

Access Press Release@ https://www.grandviewresearch.com/press-release/australia-kids-scooter-market-analysis

Australia Kids Scooter Market Segmentation

Grand View Research has segmented the Australia kids scooter market on the basis of product, type, and distribution channel:

Australia Kids Scooter Product Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2016 - 2028)

• 2 Wheel
• 3 Wheel

Australia Kids Scooter Type Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2016 - 2028)

• Electric
• Non-electric/Kick

Australia Kids Scooter Distribution Channel Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2016 - 2028)

• Online
• Offline

List of Key Players of Australia Kids Scooter Market

• Micro Scooters Australia
• Razor USA LLC
• Globber
• Fuzion Scooter
• Radio Flyer

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.

U.S. HVAC Systems Market To Benefit from Increased Global Uptake of 2021 By 2028

 U.S. HVAC Systems Market Growth & Trends

The U.S. HVAC systems market size is anticipated to reach USD 23.78 billion by 2028, according to a new study by Grand View Research Inc. It is expected to expand at a 6.0% CAGR from 2021 to 2028. Changing climatic conditions is the primary factor driving HVAC (Heating, Ventilation, and Air Conditioning) equipment demand in the country. Additionally, the adoption of technologically advanced systems that offer smart connectivity and remote operation is expected to be a significant factor influencing the market growth.

Strict government regulations aimed at reducing energy consumption and carbon emissions from HVAC systems are anticipated to play an imperative role in market growth. To help consumers make an informed decision, the U.S. government has introduced the Energy Star Program that provides energy ratings that indicate the efficiency performance, and savings for each product. Such programs, coupled with active efforts taken by HVAC providers to provide energy-efficient products, are expected to fuel the growth of energy-efficient equipment over the forecast period.

The market for HVAC systems in the U.S. is characterized by intense competition, with several major players dominating the market. Companies adopt different strategies to maintain their grip on the market. For instance, Carrier Corporation, a popular name among consumers, completed its separation from United Technologies Corporation (UTC) in April 2020. Operating independently will help Carrier Corporation to improve its product offerings and geographical presence, thus, improving its presence in the market.

Despite all the above-mentioned benefits and efforts, high installation and maintenance costs, coupled with the complexity of retrofitting HVAC installations, are expected to pose a challenge to the market growth. However, companies are offering discounted repair and maintenance services to attract customers and promote HVAC sales across the country. Additionally, government regulations to eliminate the usage of refrigerants such as R-22 or HCFC-22 in cooling systems are expected to boost sales of newer systems in the next seven years.

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U.S. HVAC Systems Market Report Highlights

• Cooling systems held the largest revenue share of more than 55% in 2020. The large revenue share is attributable to the fact that the U.S. is one of the leading consumers of air conditioning systems in the world
• Owing to the increasing office spaces, hospitals, hotels, and other commercial constructions, the commercial segment is anticipated to record the fastest growth of 6.6% from 2021 to 2028
• The large population is the primary factor contributing to the large revenue share and the high CAGR of the Western region
• Companies operating in the market are investing heavily in research and development to offer a technologically advanced product in an attempt to beat market competition via product differentiation  

Access Press Release@ https://www.grandviewresearch.com/press-release/us-hvac-systems-market-analysis

U.S. HVAC Systems Market Segmentation

Grand View Research has segmented the U.S. HVAC systems market based on product, end-use, and region:

U.S. HVAC System Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Heating
• Ventilation
• Cooling

U.S. HVAC System End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Residential
• Commercial
• Industrial

U.S. HVAC System Regional Outlook (Revenue, USD Billion, 2017 - 2028)

• Northeast
• Southeast
• Midwest
• Southwest
• West

List of Key Players of U.S. HVAC (Heating, Ventilation, and Air Conditioning) Systems Market

• Carrier Corporation
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Johnson Controls International plc
• Lennox International, Inc.
• Trane Technologies

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.