Monday 5 August 2024

Battery Cooling Plate Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Battery Cooling Plate Market Growth & Trends

The global battery cooling plate market size is expected to reach USD 5.01 billion by 2030, growing at a CAGR of 37.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for electric vehicles (EVs) because of the ongoing decarbonization efforts and green energy initiatives is anticipated to be the key driver for market growth during the forecast period.

Battery electric vehicles (BEV) are anticipated to drive volume demand in the market. The BEVs use a battery pack to store electrical energy to power their motors. Battery cooling plates are widely utilized as heat dissipation is extremely important for the safety and optimum performance of the vehicle. The battery cooling plates are mainly used in liquid cooling, a widely used battery thermal management system technology.

The increase in the production of EV batteries is fueling market growth. For instance, as of June 2023, GM and Samsung SDI are building a new EV battery plant worth USD 3 billion in Indiana, U.S., as a joint venture. This will be GM’s fourth battery plant in the U.S. In addition, in May 2023, Hyundai and LG Energy announced a new EV battery plant in the U.S., worth USD 4.3 billion.

Indirect cooling held the largest revenue share of the market in 2022, and it is likely to continue its dominance during the forecast period. Like traditional internal combustion engines, the liquid coolant circulates through a system of pipes embedded into a battery cooling plate. It is the most widely used commercial technology, readily utilized by EVs. There is ongoing R&D to develop more efficient cooling methods.

Asia Pacific held the largest revenue share of the market in 2022 due to the highest volumes sold. Charging infrastructure is being developed at a rapid pace. Various tax incentives are being provided to buyers to encourage purchases. For instance, in June 2023, China offered the EV industry its largest package of tax breaks of USD 72.3 billion for over four years, aiming to boost the slowing auto sales.

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Battery Cooling Plate Market Report Highlights

  • Based on process indirect cooling is anticipated to register the fastest CAGR of 37.5%, in terms of revenue, from 2023 to 2030. This cooling type is widely used in electric vehicles(EVs) because of its established technology, widely available coolant liquid, and economical cost
  • Based on application, BEV is anticipated to register the fastest CAGR of 42.1% in terms of revenue, during the forecast period. BEVs are purely battery-operated vehicles with zero carbon emissions and attract tax incentives for their production and purchase
  • Based on region, Asia Pacific is expected to register the fastest CAGR of 39.2%, in terms of revenue, over the forecast period. Various government initiatives are propelling the growth. For instance, the region is part of the Electric Vehicles Initiative (EVI), a forum to accelerate the adoption of EVs worldwide
  • In September 2021, MAHLE GmbH developed a new system for cooling batteries. The immersion cooling technology helps reduce charging time for EVs; thus, batteries can be smaller, resulting in more resource-efficient and low-cost EVs

Access Press Release@ https://www.grandviewresearch.com/press-release/global-battery-cooling-plate-market

Battery Cooling Plate Market Segmentation

Grand View Research has segmented the global battery cooling plate market based on process, application, and region:

Battery Cooling Plate Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Direct Cooling
  • Indirect Cooling

Battery Cooling Plate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • BEV
  • PHEV

Battery Cooling Plate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
  • Europe
    • Germany
    • France
    • UK
    • Netherlands
  • Asia Pacific
    • China
    • Japan
  • Central & South America
  • Middle East & Africa

List of Key Players in the Battery Cooling Plate Market

  • Bespoke Composite Panels
  • Dana Limited
  • Estra Automotive
  • KOHSAN Co., Ltd
  • MAHLE GmbH
  • Modine Manufacturing Company
  • Nippon Light Metals
  • Priatherm
  • SANHUA Automotive

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.

Golf Ball Market Key Players ,Industry Share ,Growth, And Forecast To 2030: Grand View Research Inc.

 Golf Ball Market Growth & Trends

The global golf ball market size is expected to reach USD 1.58 billion by 2030, registering a CAGR of 2.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by the development of golf tourism and technological advancements. Moreover, several golf associations and governments are undertaking initiatives such as organizing workshops, press trips, familiarization trips, and destination conventions as part of their efforts to promote the sport. This is expected to further propel market growth.

Golf ball market is predominantly driven by rise in middle-class population, proliferation of golf tourism, and demand for golf courses worldwide. In recent times, endorsement of golf as a leisure sport is increasing due to the rising disposable income among consumers.

Golf is used not only as an outlet for sport and recreational activities but it has also become a substantial part promoting growth of community and regional infrastructure. For instance, in the Royal Copenhagen Golf Club located inside the Jagersborg Animal Park, apart from playing golf, the golfers can experience horse-riding, jogging, walking, and cycling among other activities of recreation.

It presents a sense of competition and an avenue for physical exercise apart from being a source of entertainment. Factors such as rise in spending capacity and evolving lifestyle among millennials are expected to popularize the sport, which, in turn, is expected to boost growth of the golf ball market.

Golf, as a sport, has witnessed high penetration in Europe and U.S. However, its market penetration in developing countries such as India, Hong Kong, and Singapore is not extensive. In recent years, adoption of golf as a sport as well as a leisure activity is increasing across emerging markets, especially in Asian countries.

Rise in disposable income and improved standard of living with a subsequent emphasis on leisure activities is expected to propel the market growth. However, the golf industry has witnessed a decline in terms of rounds played, adoption, and number of golfers over past few years; especially in countries such as Canada, U.S., and parts of Europe. This decline can be attributed to the declining interest of the youth in the sport, health concerns among elderly golfers, and the long timespan required to complete a single round are. Such factors are expected to hinder the market growth over the forecast period.

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Golf Ball Market Report Highlights

  • The 2-piece golf ball segment is expected to expand at the highest CAGR over the forecast period on account of the lower price, greater durability, and reduced spin offered by 2-piece golf balls
  • Professional application segment accounted for over 64.3% of the overall market share in terms of revenue in 2022.Golf, as a professional sport, receives sizeable investment capital from governments, golf associations, investors, and other related organizations.
  • North America held the leading market share of over 37.9% in 2022, owing to the presence of maximum number of golf courses and major professional tournaments.

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Golf Ball Market Segmentation

Grand View Research has segmented the global golf ball market based on product, application, and region:

Golf Ball Product Outlook (Revenue in USD Million, 2017 - 2030)

  • 2-piece
  • 3-piece
  • 4-piece

Golf Ball Application Outlook (Revenue in USD Million, 2017 - 2030)

  • Leisure
  • Professional

Golf Ball Regional Outlook (Revenue in USD Million, 2017 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • ROW
    • Latin America
    • Middle East and Africa

List Of Key Players Golf Ball Market

  • Callaway Golf Company.
  • Dixon Golf,
  • Mizuno Corporation
  • Bridgestone Golf, Inc.
  • Sumitomo Rubber Industries, Ltd.
  • TaylorMade Golf Co.Acushnet Holdings Corp.

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 Non-invasive Aesthetic Treatment Market Is Ready To Grow Globally With Phenomenal Trend Diversity by 2028

 North America Non-invasive Aesthetic Treatment Market Growth & Trends

The North America non-invasive aesthetic treatment market size is expected to reach USD 46.07 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.2% from 2021 to 2028. Non-invasive aesthetic treatments are procedures that do not require surgical intervention, have minimal downtime, lower risks of complications, and lower cost of treatment. The market growth is attributed to the rising demand for fillers and injectable including Botox as a result of the increasing target population across the globe. The demand for anti-aging aesthetic solutions that are non-invasive has escalated due to the increasing geriatric population pool.

According to the American Society of Plastic Surgeons (ASPS), high growth was observed in facial rejuvenation procedures, and the number of botulinum toxin type A procedures was the highest, accounting for over 7.7 million injections (Botox, Dysport, Xeomin) in 2019. It was also noted that in 2019, around 4,73,354 botulinum toxin filler procedures were performed on men in the U.S. This indicates that demand for the procedure is rapidly increasing among men.

The U.S is among the top countries to carry out non-invasive aesthetic treatments globally as the acceptance towards advanced procedures is higher in the country. Moreover rising disposable income, superior medical infrastructure, the prevalence of skin conditions, and a large pool of aesthetic professionals are expected to boost the market growth.

In the light of COVID-19, the global non-invasive aesthetic treatment market was hampered as the footfall of patient appointments for aesthetic treatments was temporarily suspended. The American Society of Plastic Surgeons stated that the pandemic reduced the overall uptake of aesthetic treatments; however, it will be the reason for an upsurge in demand for cosmetic procedures in the coming years, which is expected to rise even higher than previous numbers.

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North America Non-invasive Aesthetic Treatment Market Report Highlights

  • The injectable segment held the largest market share in 2020 and is also expected to show the highest CAGR over the forecast period. This is mainly due to the wide applications of aesthetic treatment
  • The skin rejuvenation segment held a revenue share of 24.0% in 2020 owing to advancements in procedures like photo rejuvenation, deep chemical peel, and laser resurfacing
  • On the basis of end-use, the Medspa segment held the largest revenue share of 34.2% in 2020 because medical esthetic centers are owned and governed by licensed physicians, surgeons, estheticians, and nurses
  • S dominated the market in 2020, owing to increasing disposable income, high expenditure on healthcare, a large pool of certified professionals, and increased prevalence of skin conditions among the population

Access Press Release@ https://www.grandviewresearch.com/press-release/north-america-non-invasive-aesthetic-treatment-market-analysis

North America Non-invasive Aesthetic Treatment Market Segmentation

Grand View Research has segmented the North America non-invasive aesthetic treatment market on the basis of procedure, end-use, and region:

North America Non-invasive Aesthetic Treatment Procedure Outlook (Revenue, USD Million, 2016 - 2028)

  • Injectables
    • Botulinum Toxin
    • Calcium Hydroxylapatite
    • Hyaluronic Acid
    • Polymer Filler
    • Collagen
  • Skin Rejuvenation
    • Chemical Peel
    • Laser Skin Resurfacing
    • Photo rejuvenation
  • Others
    • Hair Removal
    • Nonsurgical Fat Reduction
    • Sclerotherapy
    • Cellulite Treatment

North America Non-invasive Aesthetic Treatment End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • Hospital/Surgery Center
  • Medspa
  • Traditional Spa
  • HCP owned clinic

North America Non-invasive Aesthetic Treatment Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America
    • US.
    • Canada

List of Key Players of North America Non-invasive Aesthetic Treatment Market

  • Toronto Cosmetic Clinic (TCC)
  • The Cosmetic Clinic
  • Skinovative of Gilbert-Medical Spa
  • Shea Aesthetic Clinic
  • Chapter Aesthetic Studio
  • AnewSkin Medspa
  • The Ottawa Skin Clinic
  • Manhattan Aesthetics
  • Toronto Medical Aesthetics
  • Cory Torgerson
  • Canada MedLaser, Inc
  • SkinRhümMD
  • Skin Vitality Medical Clinic
  • True MediSpa
  • Dermapure

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.

Thursday 1 August 2024

Vegan Cheese Market to Observe Strong Development by 2030: Grand View Research Inc.

 Vegan Cheese Market Growth & Trends

The global vegan cheese market size is expected to reach USD 7.10 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.6% from 2022 to 2030. Increasing acceptance of veganism among consumers, especially among millennials, has been fueling market growth. The growing awareness regarding animal cruelty and the negative impacts on the environment caused by the dairy industry has encouraged consumers to opt for plant-based products.

The mozzarella product segment held the largest revenue share in 2021 and is expected to maintain its lead over the forecast period. Mozzarella is widely used in Italian dishes, such as pasta, pizzas, croquettes, and Caprese salad, and is available in the form of slices, cubes, shredded, and spreads. Therefore, the demand for mozzarella is significantly high in countries where Italian cuisine is increasingly popular. The cashew source segment captured the largest revenue share in 2021. Cashew-based cheese contains low fat and vitamin B2 and B12. This makes it favorable among health-conscious consumers all over the world. Furthermore, gluten-free and cholesterol-free cashew products are gaining traction owing to their health benefits.

The B2C end-use segment led the market in 2021. Increased consumer disposable income and willingness to spend on premium products have led to a rise in the demand for plant-based cheese in the household segment. The market for vegan cheese has a large number of regional and international players. These manufacturing companies have been launching new products across the globe owing to the rising demand for vegan products among vegetarian, vegan, and health-conscious consumers.

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Vegan Cheese Market Report Highlights

  • Asia Pacific is expected to expand at the fastest CAGR of 14.1% from 2022 to 2030. The growing demand for plant-based bakery and confectionery products in Asia Pacific is expected to fuel the sale of products, including vegan cheese, in the upcoming years
  • The ricotta product segment is projected to register the fastest CAGR of 14.0% from 2022 to 2030. The growing application of the product in Italian dishes such as manicotti, lasagna, roll-up, high tea, and ravioli has been fueling the demand for the product
  • The soy source segment is projected to register the fastest CAGR of 13.1% from 2022 to 2030. It is a low-cost substitute for dairy and it has a complete balance of desirable fatty acids and amino acids
  • The B2B end-use segment is expected to register the fastest CAGR of 13.0% from 2022 to 2030. Several restaurants, fast food chains, and casual dining venues have been incorporating plant-based foods and drinks in their menus owing to the rising popularity of a flexitarian and vegan diet

Access Press Release@ https://www.grandviewresearch.com/press-release/global-vegan-cheese-market

Vegan Cheese Market Segmentation

Grand View Research has segmented the global vegan cheese market on the basis of product, source, end use, and region:

Vegan Cheese Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Mozzarella
  • Cheddar
  • Parmesan
  • Ricotta
  • Cream Cheese
  • Others

Vegan Cheese Source Outlook (Revenue, USD Million, 2017 - 2030)

  • Soy
  • Almond
  • Cashew
  • Coconut
  • Others

 Vegan Cheese End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • B2C
  • B2B

Vegan Cheese Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Vegan Cheese Market

  • Treeline Cheese
  • Follow Your Heart
  • Daiya Foods Inc.
  • Kite Hill
  • Violife
  • Dr-Cow Tree Nut Cheese
  • Tofutti Brands, Inc.
  • Tyne Chease Limited
  • Miyoko's Creamery
  • Parmela Creamery

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.

Maleic Anhydride Market to Witness Soaring Growth During 2024 – 2030: Grand View Research Inc.

 Maleic Anhydride Market Growth & Trends

The global maleic anhydride market size is expected to reach USD 5,863.1 million by 2030,registering a CAGR of 4.2% over the forecast period, as per the new report by Grand View Research, Inc. The industry growth is majorly driven by the rising demand for unsaturated polyester resins (UPR) in the global construction industry coupled with the flourishing automotive industry which is a major end use industry for the product market.

UPR possesses excellent resistance to chemicals, corrosion, abrasion, and heat, superior structural strength, excellent compressive strength, and high impact strength. Thus, it is widely used in the construction industry as concrete and sealant. In addition to the aforementioned properties, UPR is extensively used as a coating owing to its excellent aesthetic appeal. Moreover, as these composites can be pigmented without losing their structural properties, the demand for these composites is on the rise, and the trend is expected to continue over the forecast period.

According to Global Construction Perspectives and Oxford Economics, the global construction market is expected to reach USD 8 trillion by 2030, driven by the U.S., China, and India. Thus, the growth of the global construction industry, coupled with an increasing demand for UPR composites, coatings, and mortars, is expected to drive the growth of the UPR market over the predicted timeframe which in turn will drive the demand for maleic anhydride.

N-butane and benzene are the primary feedstock used to manufacture maleic anhydride. Globally, the prices of benzene and n-butane depend on the price trend of crude oil and naphtha. Volatility in crude oil prices has been the major reason for the high fluctuation in benzene prices. Crude oil pricing and downstream demand highly influence the global petroleum derivatives industry.

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Maleic Anhydride Market Report Highlights

  • The global market is estimated to advance with a compounded annual growth rate (CAGR) of 4.2% from 2024 to 2030. This is attributed to the advancing application industries such as construction, automobiles, and pharmaceutical globally
  • Unsaturated polyester resins in the application segment dominated the market with a revenue share of 50.1% in 2023. This growth is attributed to the growing marine and automotive activities, coupled with the increasing application scope of fiber-reinforced plastics in the construction sector
  • Asia Pacific region dominated the global market with a revenue share of 52.1% in 2023. This growth is due to increasing construction activities in countries such as China, India, Japan, and South Korea. Rising demand for the product for application in new construction and remodeling of old structures is expected to fuel the growth of the regional market in the coming years
  • The growing pharmaceuticals industry in the Asia Pacific region is also aiding the demand for maleic anhydride. According to the India Brand Equity Foundation, the Indian pharmaceuticals industry supplies over 50% of the global demand for different vaccines, making it the third-largest industry in terms of pharmaceutical production worldwide
  • Moreover, the advancing construction industry in countries such as China, Japan, and India is further driving the demand for maleic anhydride in the region. According to the International Trade Administration, China is the world’s largest construction market and is further anticipated to witness a growth of around 8.6% from 2023 to 2030

Access Press Release@ https://www.grandviewresearch.com/press-release/maleic-anhydride-market-report

Maleic Anhydride Market Segmentation

Grand View Research has segmented the global maleic anhydride market based on application, and region:

Maleic Anhydride Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Unsaturated polyester resins (UPR)
  • 1,4-butanediol (BDO)
  • Additives (Lubricants and Oil)
  • Copolymers
  • Other Applications

Maleic Anhydride Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Maleic Anhydride Market

  • Cepsa
  • INEOS
  • Huntsman International LLC
  • Lanxess A.G.
  • Mitsubishi Chemical Corporation
  • MOL Hungarian Oil & Gas Plc
  • Nippon Shokubai Co., Ltd.
  • Polynt Group
  • Thirumalai Chemicals Ltd.
  • Jiangyin Shunfei
  • Tianjin Bohai Chemicals.

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.

Fleet Management Market is Anticipated To Generate Significant Revenues by 2025: Grand View Research Inc.

 The global fleet management market is anticipated to witness growth over the forecast period. Fleet Management is managing all the aspects of a vehicle in a company. Fleet vehicles are those that have significance in the business or which affect the business in a significant manner. Fleet management has three basic components namely position and material monitoring, production monitoring and equipment assignment, and optimization. Fleet management includes features such as driver behavior, mechanical diagnostics, and vehicle tracking. It incorporates fuel management, risk management, telematics, accident management, remarketing, fleet vehicle financing, etc. The applications of fleet management include the service sector, oil and gas chemicals, mining, construction, logistics, retail, utilities, public transport, government and waste management, academia, etc. Fleet management covers all types of vehicles such as trucks and trailers, buses and trams, container ships, rail and cruise ships, light goods vehicles, corporate fleets, commercial & freighter aircraft, etc.

Several opportunities for the fleet management market have come up due to increased demand for logistics and transport. Key drivers for the market are a rise in fuel cost, an increase in pollution issues, connectivity costs, demand for operational efficiency, and decreasing management system components. Fleet management has advantages such as maintenance planning, vehicle performance, enhanced driver safety, scheduling of fleet proper routing which leads to cost-effective operations for the fleet owners, simple acquisition process, fleet safety, and customer satisfaction. Additionally, connected vehicles and smart transportation concepts integrated with partnerships with production facilities can be beneficial for new entrants. However, challenges like promoting safety, greater compliance standards lesser integrity of data, lesser flexibility, less transparency, fewer follow-ups, and greater efficiency expectations can turn into restraints if not catered to at the right time. These challenges can be overcome by management involvement, proper coaching, engaging people, and understanding of risk. Fleet Management software is an important tool that helps in database management, scheduling, tracking, and customer feedback. Software solutions provide the user with higher efficiency, consistent performances, reduced costs, and streamlined processes.

Access The Full RD@ https://www.grandviewresearch.com/industry-analysis/fleet-management-market

Key Fleet Management Market participants include Fleetmatics, Garmin, Accenture, Masternaut, IBM Corporation, Qualcomm, Motorola Solutions, TomTom, Trimble navigation, Mixtelematics, Fleet Management, Daimler, Oracle, Toyota, CAT, Scania, JDA Software, E-Drive Technology, Garmin Ltd, Freeway Fleet Systems, Chevin Fleet, BW Fleet Management, FML World, Höegh LNG, BP Global, LeasePlan

Ultrasound Devices Market to Reach Around $13.07 Billion by 2030: Grand View Research Inc.

 Ultrasound Devices Market Growth & Trends

The global ultrasound devices market size is expected to reach USD 13.07 billion by 2030, registering a CAGR of 4.24% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience steady growth during the forecast period. This is attributed to several factors such as increased adoption of ultrasonography for diagnostic and therapeutic applications, rising technological advancements, as well an increase in the number of product launches by key players operating in the market.

Emerging innovations in ultrasound technology are expanding the market size. Hand-held ultrasound devices have made the technology more accessible for use in limited-resource communities globally. Furthermore, the introduction of 3D/4D ultrasound and the integration of artificial intelligence (Al) to automate time-consuming processes are expected to propel market growth during the forecast period. For instance, in July 2023, Sonosite ST was introduced by FUJIFILM Sonosite ST. It has a 21-inch touchscreen with an all-touch interface, a 10" by 7.5" image area, automated setting optimization for each exam type, and Auto Steep Needle Profiling (SNP). To support system compatibility, Sonosite ST belongs to the same family of transducers as Sonosite PX and Sonosite LX.

The growing use of ultrasound equipment for diagnostic imaging and therapy, as well as the rising prevalence of chronic and lifestyle-related illnesses are the key factors anticipating the market’s growth. Ultrasound technology is used in various application areas such as cardiology, obstetrics/ gynecology, vascular, orthopedic, and general imaging. The rising prevalence of cardiac disorders is expected to boost the market globally. According to WHO, Cardiovascular diseases (CVDs) are the major cause of death globally, taking approximately 17.9 million lives each year. In addition, as per the Centers for Disease Control & Prevention, in the United States, every year about 805,000 people have a heart attack, and about 1 in 20 adults aged 20 and older has coronary artery disease (about 5%).

The market has the presence of several industry leaders such as GE Healthcare, Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers AG, Mindray Medical International Limited, Samsung Medison Co., Ltd., and FUJIFILM SonoSite, Inc. These companies are adopting several strategies to withstand their market position. However, new entrants such as Butterfly Network, Clarius, EchoNous, Inc., Insightec, and Exo Imaging, Inc. are creating their footprints in point-of-care ultrasound devices with strong technological advancements and strategies. For instance, In June 2023, UltraSight and EchoNous announced a partnership that aimed to provide convenience to medical providers in performing cardiac ultrasounds and to assist patients in having more access to cardiac care. At ASE 2023, the primary convention for bringing together experts in echo, the new partnership was disclosed.

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Ultrasound Devices Market Report Highlights

  • In terms of product, The diagnostic ultrasound devices segment accounted for the largest revenue share of more than 84.27% in 2023 owing to the rising demand for improved diagnostic devices such as miniaturized 2D and 3D/4D
  • The therapeutic ultrasound devices segment is estimated to register the fastest CAGR of 4.90% from 2024 to 2030.
  • Based on portability, the cart/trolley-based devices segment held the largest revenue share of over 67.83% in 2022. By transporting the device to the patient's location, whether it's an Intensive Care Unit (ICU) or an emergency department, cart/trolley ultrasounds completely avoid the issue of transferring critical patients
  • In terms of application, the radiology segment held the largest revenue share of over 22.33% in 2023. The increasing application of artificial intelligence in the field of radiology boosts the segment growth. Moreover, the growing mergers and acquisitions among the industry's key players for expanding the product portfolio drive the market growth
  • In terms of end-use, The hospitals segment held the largest revenue share of over 40.45% in 2023 and is further expected to maintain its lead over the forecast period owing to the extensive use of ultrasound devices in hospital settings and an increase in the number of patients visiting hospitals with various lifestyle-related disorders
  • Based on region, North America dominated the market and accounted for the largest revenue share of over 29.75% in 2023. Asia Pacific is estimated to register the fastest CAGR of 4.90% from 2024 to 2030, owing to the increased demand for better imaging devices

Access Press Release@ https://www.grandviewresearch.com/press-release/global-ultrasound-device-market

Ultrasound Devices Market Segmentation

Grand View Research has segmented the global ultrasound devices market on the basis of on product, portability, application, end-use, and region:

Ultrasound Device Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Diagnostic Ultrasound Devices
    • 2D
    • 3D/4D
    • Doppler
  • Therapeutic Ultrasound Devices
    • High-intensity Focused Ultrasound
    • Extracorporeal Shockwave Lithotripsy

Ultrasound Device Portability Outlook (Revenue, USD Million, 2018 - 2030)

  • Handheld
  • Compact
  • Cart/Trolley
    • Point-of-Care Cart/Trolley Based Ultrasound
    • Higher-end Cart/Trolley Based Ultrasound

Ultrasound Device Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Cardiology
  • Obstetrics/Gynaecology
  • Radiology
  • Orthopaedic
  • Anaesthesia
  • Emergency Medicine
  • Primary Care
  • Critical Care

Ultrasound Device End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals
  • Imaging Centres
  • Research Centres

Ultrasound Device Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Norway
    • Denmark
    • Sweden
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in the Ultrasound Device Market

  • Koninklijke Philips N.V.
  • GE Healthcare
  • Siemens Healthineers AG
  • Canon Medical Systems
  • Mindray Medical International Limited
  • Samsung Medison Co., Ltd.
  • FUJIFILM SonoSite, Inc.
  • Konica Minolta Inc.
  • Esaote

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.

Wednesday 31 July 2024

Non-alcoholic Steatohepatitis Clinical Trials Market to Reflect Robust Expansion During 2022-2030: Grand View Research Inc.

 Non-alcoholic Steatohepatitis Clinical Trials Market Growth & Trends

The global non-alcoholic steatohepatitis clinical trials market size is expected to reach USD 4.2 billion by 2030, registering a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising healthcare expenditure, cases of obesity, and prevalence of non-alcoholic steatohepatitis (NASH) are the factors driving the growth of this market. Due to the COVID-19 pandemic, enrollment in new drug clinical trials for NASH patients was halted, but people shifted to alternate means of data collecting methods, like virtual visits. Non-alcoholic Steatohepatitis is a fatty liver disease that causes scarring and damage to the liver.

NASH has no FDA-approved treatment and can proceed to the point where patients need a liver transplant in extreme situations. NASH, like diabetes, is linked to obesity and a high-sugar diet. Some pharmaceutical companies are testing whether diabetes drugs could help NASH patients. However, the COVID-19 pandemic has thrown a wrench into every element of NASH clinical trials, from patient recruiting to IP administration and safety monitoring to data integrity. As clinical research monitors are not allowed to travel, remote electronic monitoring is a viable alternative to traditional on-site monitoring. Monitors could receive information from research locations by paper mail, e-mail (allowing direct access to electronic medical records), or remote monitoring systems.

In December, the FDA issued guidance urging the pharmaceutical sector to develop and confirm improved biomarkers for the diagnosis and progression of NASH. In many aspects, getting past the biopsy barrier is significant compared to a lack of general awareness of NASH, that’s why it is critical for pharmaceutical companies to invest in innovations (such as a variety of imaging techniques) to alleviate this patient burden, and then persuade the FDA with positive data to accept those advancements as appropriate end-point markers for clinical trials.

Request a free sample copy or view report summary: Non-alcoholic Steatohepatitis Clinical Trials Market Report

Non-alcoholic Steatohepatitis Clinical Trials Market Report Highlights

  • The phase III segment dominated the global market in 2021. These trials cost more than USD 100 million
  • The interventional study design segment held the largest revenue share in 2021. There were 84 ongoing interventional studies with patients enrolled in December 2019 to evaluate the therapeutic efficacy of treatments for NASH
  • North America dominated the global market in 2021 due to the increased number of NASH patients in the region
  • According to the U.S. National Library of Medicine 2018, instances of NASH in the U.S. are expected to increase 63% from 16.52 million to 27.00 million cases by 2030
  • Asia Pacific is projected to register the fastest CAGR over the forecast period owing to the increasing incidence of associated risk factors, such as obesity, type 2 diabetes (T2D), dyslipidemia, and other metabolic diseases with substantial diagnostic improvements using ultrasound and biomarkers

Access Press Release@ https://www.grandviewresearch.com/press-release/global-non-alcoholic-steatohepatitis-clinical-trials-market

Non-alcoholic Steatohepatitis Clinical Trials Market Segmentation

Grand View Research has segmented the global non-alcoholic steatohepatitis clinical trials market based on phase, study design, and region:

NASH Clinical Trials Phase Outlook (Revenue, USD Million, 2018 - 2030)

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

NASH Clinical Trials Study Design Outlook (Revenue, USD Million, 2018 - 2030)

  • Interventional
  • Observational
  • Expanded Access

NASH Clinical Trials Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Non-alcoholic Steatohepatitis Clinical Trials Market

  • Pfizer Inc.
  • Novartis AG
  • Icon Plc
  • LabCorp
  • Allergan Plc
  • Cadila Healthcare Ltd.
  • Shire Plc (Takeda Pharmaceuticals)
  • Eli Lilly
  • Novo Nordisk
  • Gilead Sciences Inc.
  • Glaxosmith Kline
  • Arrowhead Pharmaceuticals

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.

Gaming Simulator Market Set to Witness an Uptick during 2024 to 2030: Grand View Research Inc.

 Gaming Simulator Market Growth & Trends

The global gaming simulator market is anticipated to reach USD 16.17 billion by 2030 and is projected to grow at a CAGR of 13.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Gaming simulators attempt to replicate real-life situations in gameplay to provide training, analysis, and prediction. The use of gaming simulators as potential stress relievers bodes well for the growing use of gaming simulators for training and analysis across a variety of sectors and industrial verticals.

The advancements in technology, such as enhanced graphics and realistic physics engines, have improved the immersive experience of simulators, attracting a broader audience. The visual quality and attention to detail in modern simulators have significantly improved, allowing players to feel more engaged and immersed in the virtual world. The increasing popularity of gaming, coupled with the continued introduction of innovative VR headsets that can potentially enhance the graphics experience, is expected to drive the market growth over the forecast period. These advancements have attracted a broader audience, including casual gamers who appreciate realistic and visually appealing simulations.

The increasing popularity of eSports and competitive gaming has contributed to the demand for gaming simulators. As eSports tournaments and competitive gaming events gain traction worldwide, gamers are seeking ways to refine their skills and gain a competitive edge. Gaming simulators provide a controlled environment for players to practice and improve their abilities, offering a realistic and challenging experience. This aspect is particularly important for professional gamers who are constantly honing their skills and looking for ways to enhance their performance.

Several gaming zones are putting a strong emphasis on offering a better gaming experience through gaming simulators. However, the high costs of gaming simulators, on the other hand, are expected to stifle the market growth to some level over the projected period. To improve the gaming experience, gaming companies offer hydraulic simulating chairs, HD monitors, VR devices, and HD graphics, which raises the system price of gaming simulators. As a result, leading companies are expected to offer cost-effective gaming simulators in order to preserve their market dominance and expand their customer base with advanced gaming simulator solutions.

The high costs of gaming simulators, on the other hand, are expected to stifle the market growth to some level over the projected period. To improve the gaming experience, gaming businesses offer hydraulic simulating chairs, HD monitors, VR devices, and HD graphics, which raises the system price of gaming simulators. As a result, leading companies are expected to offer cost-effective gaming simulators in order to preserve their market dominance and expand their customer base with advanced gaming simulator solutions.

Request a free sample copy or view report summary: Gaming Simulator Market Report

Gaming Simulator Market Report Highlights

  • Based on component, the hardware segment led the market with the largest revenue share of 64.7% in 2023, driven by several key factors. High-quality hardware components, such as advanced graphics cards, high-resolution displays, and precise control devices, are essential for delivering realistic and immersive simulation experiences. These components are crucial for the performance and realism demanded by gamers, especially in high-stakes environments like eSports and professional training
  • Based on game type, the racing segment led the market in 2023 with the largest revenue share of 51.7%, owing to the popularity of simulated racing games, the availability of high-speed internet, the adoption of virtual training solutions for racing drivers, and partnerships between gaming simulator manufacturers and racing organizations. These factors have collectively contributed to the growth and dominance of the racing game segment in the global market
  • Based on end-use, the commercial segment is projected to register at the fastest CAGR of 13.0% during the forecast period. The demand for gaming simulators in commercial settings is fueled by factors such as the increasing popularity of gaming zones and the rising interest in immersive gaming Gaming zones and entertainment centers are becoming popular destinations for gamers to enjoy a wide range of gaming experiences, including racing, shooting, and flight simulations. These establishments invest in gaming simulators to attract customers and provide them with realistic and engaging gaming experiences
  • Asia Pacific dominated the market with the revenue share of 36.5% in 2023. Asia Pacific has a large population, which offers a substantial consumer base for the gaming industry. In addition, the growing urbanization in countries like Japan, India, and South Korea and rising disposable incomes have led to greater spending on entertainment, including video games and gaming simulators. This has contributed to the region's dominance in the market
  • In March 2022, CXC Simulations announced the launch of the 2022 CXC Simulations Motion Pro II. The 2022 Motion Pro II includes a new mobile-optimized website, an all-new configurator with an augmented reality(AR) feature that allows users to see their new simulator and improvements to the motion system and user experience. The adjustments for chassis and motion can now be made on the physical dash, reducing the need for drivers to scroll through multiple screens

Access Press Release@ https://www.grandviewresearch.com/press-release/global-gaming-simulator-market

Gaming Simulator Market Segmentation

Grand View Research has segmented the global gaming simulator market report based on component, game type, end use, and region:

Gaming Simulator Component Outlook (Revenue, USD Million, 2017 - 2030)

  • Hardware
  • Software

Gaming Simulator Game Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Shooting
  • Fighting
  • Racing
  • Golf
  • Others

Gaming Simulator End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Residential
  • Commercial

Gaming Simulator Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Gaming Simulator Market

  • 3D perception
  • CKAS Mechatronics Pty Ltd.
  • CXC Simulations
  • D-BOX Technologies Inc.
  • Eleetus, LLC.
  • Microsoft
  • Playseat
  • FRANCE SIMULATEUR SARL/RSEAT
  • Vesaro
  • Sony Interactive Entertainment 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.

Alkyl Polyglucosides Market Strong Application and Emerging Trends also Scope by 2030: Grand View Research Inc.

 Alkyl Polyglucosides Market Growth & Trends

The global alkyl polyglucosides market size is expected to reach USD 1.63 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2023 to 2030. The cleaning, wetting, and emulsification properties of alkyl polyglucosides are driving their adoption across key end-use industries such as home care, pharmaceutical, and refining.

The application of APG in homecare products has been on the rise in recent years due to increasing consumer awareness of the environmental and health impacts of traditional cleaning products. Consumers are seeking products that are safer for their families and the environment, and APGs are meeting that demand.

One example of the growing adoption of APG in homecare products is laundry detergents. They are used as a primary surfactant in many eco-friendly laundry detergents due to their excellent cleaning performance and low toxicity. For instance, ECOS Laundry Detergent by Earth Friendly Products is a popular laundry detergent that uses APGs as its primary surfactant.

As consumers become more conscious of the environmental and health impacts of traditional cleaning products, alkyl polyglucosides are becoming a popular choice for homecare manufacturers. APGs offer an effective and sustainable solution for cleaning products, and their popularity is only expected to increase in the coming years. For instance, Croda International PLC announced in 2021 that it will be expanding its production capacity for APGs in Europe. The company is investing in a new production facility in France, which will increase its production capacity and support its growth strategy in the European market.

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Alkyl Polyglucosides Market Report Highlights

  • The home care products segment dominated the market with a revenue share of over 38.3% in 2022 as APGs are used as primary or co-surfactants in many eco-friendly surface cleaners due to their excellent cleaning performance and low toxicity
  • Personal care& cosmetics segment is expected to register the highest CAGR in terms of revenue over the forecast period as it is a versatile surfactant and emulsifier that is widely used in the personal care and cosmetics industry
  • Manufacturers are investing in research and development to improve the performance and sustainability of their APGs, and are also expanding their production facilities to meet the growing demand for eco-friendly homecare products
  • Asia Pacific is the largest market for APGs, accounting for more than 30.8% of the market share due to the increasing demand for eco-friendly homecare products and the growing awareness of the health and environmental impacts of traditional cleaning agents
  • Key players in the APG market include BASF SE, Dow, DuPont, Cargill, Inc., and Croda International PLC. These manufacturers offer a wide range of APGs for various applications, including homecare products
  • Cargill, Inc. announced in 2020 that it is expanding its portfolio of renewable surfactants, including APGs. The company is investing in research and development to improve the performance and sustainability of its APGs and is also exploring new applications for the product, such as in the agricultural and industrial sectors

Access Press Release@ https://www.grandviewresearch.com/press-release/global-alkyl-polyglucosides-market

Alkyl Polyglucosides Market Segmentation

Grand View Research has segmented the global alkyl polyglucosides market based on end-use, and region:

Alkyl Polyglucosides End-use Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

  • Personal Care & Cosmetics
  • Home Care Products
  • Industrial Cleaners
  • Agricultural Chemicals
  • Other Applications

Alkyl Polyglucosides Regional Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Alkyl Polyglucosides Market

  • Actylis
  • Airedale Chemical Company Limited
  • APL
  • Clariant
  • Croda International Plc
  • Kao Corporation
  • Dow
  • Shanghai Fine Chemical Co., Ltd.
  • BASF SE
  • SEPPIC

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.

Hand Sanitizer Market Valuation to Reach $10.84 Billion by the end of 2030: Grand View Research Inc.

 Hand Sanitizer Market Growth & Trends

The global hand sanitizer market size is expected to reach USD 10.84 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising prevalence of regular hand washing and sanitization among consumers owing to recent pandemic has been driving the product demand.Major sanitizer manufacturers have been ramping up their production capacity as well as improving their supply strategies to cater to the unprecedented spike in product demand worldwide. According to a report by Adobe Analytics, the demand for hand sanitizer in the U.S. spiked to 1,400% between December 2019 and January 2020. The U.S. government further promoted the usage of hand care products to avoid health issues.

Many companies are also taking initiatives to help fight infection due to the large population that is at a higher risk of disease contamination, such as elderly people and population and individuals with other chronic ailments. For instance, in January 2021, Reckitt Benckiser donated 35,000 bottles of Dettol hand sanitizer to Russian HIV community centers in Moscow, Voronezh, Kaluga, Kursk, Orel, and Vladimir. Hence, initiatives like these supported market growth. Gel-based hand sanitizer segment held the largest share in 2022 and is expected to maintain dominance over the forecast period. These hand sanitizers come in a variety of fragrances that appeal to customers of all ages.

Furthermore, hand sanitizer gels frequently contain moisturizing ingredients that help keep hands soft and limit the product's harsh effects on the skin. These products are also easier to spread and drip less than spray or liquid counterparts, which contributes significantly to segmental market trends. The hypermarket & supermarket segment contributed a majority of the revenue share in 2022 to become a larger division. The increasing penetration of independent retail giants, such as Walmart and Costco, is boosting product visibility and attracting a larger consumer base. Consumers prefer to physically verify these products before buying, which is driving sales through this channel. The market is highly fragmented with the presence of a large number of regional and local players.

Request a free sample copy or view report summary: Hand Sanitizer Market Report

Hand Sanitizer Market Report Highlights

  • The foam-based product segment is projected to register the fastest CAGR over the forecast period. Foam-based sanitizers are more cost-effective for large organizations as it dispenses less amount of product per pump
  • The online channel segment is anticipated to register the fastest growth rate during the forecast years owing to promising growth exhibited by e-commerce platforms, including Amazon, Alibaba, Walmart, and other such service providers
  • Asia Pacific is expected to register the fastest growth rate during the forecast period with brands rolling out sanitizers due to rising hygiene practices in countries including China and India. 

Access Press Release@ https://www.grandviewresearch.com/press-release/global-hand-sanitizer-market

Hand Sanitizer Market Segmentation

Grand View Research has segmented the global hand sanitizer market based on product, distribution channel, and region:

Hand Sanitizer Product Outlook (Revenue, USD Million; 2018 - 2030)

  • Gel
  • Foam
  • Liquid
  • Spray
  • Wipes
  • Others

Hand Sanitizer Distribution Channel Outlook (Revenue, USD Million; 2018 - 2030)

  • Hypermarket & Supermarket
  • Pharmacy & Drugstore
  • Convenience Store
  • Online
  • Others

Hand Sanitizer Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players of Hand Sanitizer Market

  • Reckitt Benckiser Group plc
  • Procter and Gamble
  • The Himalaya Drug Company
  • GOJO Industries, Inc.
  • Henkel AG and Company
  • Unilever
  • Vi-Jon
  • Chattem, Inc.
  • Best Sanitizers, Inc.
  • Kutol

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.

Tuesday 30 July 2024

Ready To Drink Cocktails Market Industry Analysis, Opportunity Assessment And Forecast Till 2030: Grand View Research Inc.

 

Ready To Drink Cocktails Market Growth & Trends

The global ready to drink cocktails market size is expected to reach USD 2.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at CAGR of 14.0% from 2023 to 2030. The growing demand for flavored drinks with low alcohol content due to rising health concerns and increasing consumer inclination toward ready-to-eat (RTE) and ready-to-drink (RTD) products, owing to their busy lifestyles and hectic work schedules, is driving the market growth. In terms of type, spirit-based RTD cocktails emerged as the largest segment in 2022 and is anticipated to maintain its dominance in the forecasted period. They are popular among consumers owing to their low alcohol content, and the availability of various flavors. The growing demand for low content alcohol-based flavored drinks due to the rising health concerns is anticipated to drive the spirit-based segment over the forecast period.

The bottle packaging segment accounted for a largest share of the overall revenue in 2022. Aluminum shortage in several countries has led to the introduction of RTD cocktails in glass bottles, which became popular worldwide. Furthermore, the rise in awareness regarding water and land pollution has prompted majority of players to launch their products in glassed bottles. The supermarkets/hypermarkets distribution channel segment accounted for the largest share of 69.8% in 2022. Supermarkets are well-established distribution channels for product manufacturers and play a key role in the market since they have a wide consumer reach. The improving scenario of the retail industry is expected to boost the segment growth over the forecast period. The market is fragmented with the presence of many global and regional players.

Request a free sample copy or view report summary: Ready To Drink Cocktails Market Report

Ready To Drink Cocktails Market Report Highlights

  • Asia Pacific is expected to register the fastest CAGR of 15.4% from 2023 to 2030. The convenience offered by these drinks, along with the low alcohol level and lower price in comparison to cocktails served at bars, makes them an ideal choice for young consumers in this region
  • North America dominated the global market in 2022 due to the rising demand for drinks with low alcohol content. As an increased number of breweries and distilleries are incorporating RTD alternatives in the U.S. and Canada, the product adoption has been rising. The market is expected to reflect incremental growth of 2.5x by 2030
  • The cans packaging segment is expected to register a CAGR of 14.5% from 2023 to 2030 owing to the growing consumer demand for convenience and ease-to-carry packaging
  • The online distribution channel segment is expected to register the fastest CAGR from 2023 to 2030. The shift in consumers’ shopping behavior is one of the major factors driving the sales through the online channel

Access Press Release@ https://www.grandviewresearch.com/press-release/global-ready-to-drink-cocktails-market

Ready To Drink Cocktails Market Segmentation

Grand View Research has segmented the global ready to drink cocktails market based on alcohol base, packaging, distribution channel, and region:

RTD Cocktails Alcohol Base Outlook (Revenue, USD Million, 2017 - 2030)

  • Malt-based
  • Spirit-based
  • Wine-based

RTD Cocktails Packaging Outlook (Revenue, USD Million, 2017 - 2030)

  • Bottles
  • Cans

RTD Cocktails Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

  • Hypermarkets/Supermarkets
  • Online
  • Liquor Stores

RTD Cocktails Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Ready To Drink (RTD) Cocktails Market

  • The Absolut Company
  • House of Delola, LLC
  • Diageo plc
  • Brown-Forman
  • Bacardi Limited
  • Asahi Group Holdings, Ltd.
  • Pernod Ricard
  • Halewood Wines & Spirits
  • SHANGHAI BACCHUS LIQUOR CO., LTD
  • SUNTORY HOLDINGS LIMITED
  • Manchester Drinks
  • Anheuser-Busch InBev

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.

AI-based Surgical Robots Market is Expected to Amplify USD 25.2 Billion Value by 2030: Grand View Research Inc.

AI-based Surgical Robots Market Growth & Trends The global  AI-based surgical robots market  size is expected to reach USD 25.2 billion ...