Sweetened Condensed Milk Market Is Expected At A CAGR Of 3.5% 2025

The global sweetened condensed milk market size is anticipated to reach USD 9.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% over the forecast period. Long shelf life of the product, along with innovating packaging techniques, is expected to positively influence the market growth in the next few years.

Unflavored sweetened condensed milk dominated the global market in 2018. The product consumption has increased as a substitute for milk in countries like Thailand, Vietnam, and Indonesia. These countries use the product as a base for many traditional sweet dishes and beverages like teh terik. However, flavored variants such as caramel and chocolate are expected to witness substantial growth during the forecast period owing to popularity of these flavors among kids.

Can packaging type accounted for the maximum share in 2018, followed by bottles. High visibility of aluminum cans owing to its high recycling ability and low food spoilage rate is a main factor driving the market for can over the forecast period. However, consumer preference has shifted from cans to tubes owing to their convenient use and storage and introduction of milk tubes. These factors are expected to contribute to the overall growth of the market during the projected period.

Europe occupied the largest market share in 2018 owing to increase in production and consumption of sweetened condensed milk as a major beverage ingredient. Countries such as Germany, Poland, and U.K. contributed to the regional market growth. Consumption of this product is expected to reduce significantly due to its high calorie content and increasing awareness related to obesity.

However, the industry has high growth potential in Asia Pacific due to increasing consumption of the product in Vietnam and Malaysia. For instance, Vinamilk, one of the major players, is focusing on improving its brand penetration in Southeast Asia owing to huge demand for dairy products in these countries. This is expected to drive the overall market in the coming years. 

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/sweetened-condensed-milk-market

Further key findings from the report suggest:

• Tube packaging segment in sweetened condensed milk market is projected to ascend with a CAGR of 5.9% over the forecast period owing to longer shelf life and easy storage of the tube
• Eagle brand, one of the most popular brands of sweet condensed milk, launched caramel and chocolate flavored, along with a series of recipes. The flavors were launched during the holiday season in 2015 to improve product consumption and increase product sales
• Fraser & Neave Holdings Bhd (F&NHB) launched Milk Stix and Squeeze Tube, Malaysia’s first full cream sweetened condensed milk in such packaging to increase product sales.

Grand View Research has segmented the global sweetened condensed milk market by product type, packaging type, and region:

Sweetened Condensed Milk Product Type Outlook (Revenue, USD Million, 2015 - 2025)

• Flavored
• Unflavored

Sweetened Condensed Milk Packaging Type Outlook (Revenue, USD Million, 2015 - 2025)

• Cans
• Bottles
• Tubes
• Other

Organic Soap Market Is Expected At A CAGR Of 8.1% 2025

The global organic soaps market size is expected to reach USD 383.4 million by 2025, according to a new report by Grand View Research, Inc., registering an 8.1% CAGR during the forecast period. Rising awareness regarding environment conservation and increasing water pollution caused by harmful chemicals present in personal care products, including parabens, triclosan, phthalates, triclocarbon, and aluminum salts, are key factors driving the market.

Over the past few years, governments of several countries have been banning harmful chemicals used in cosmetics and personal care products in order to promote organic, herbal, and all-natural soaps. This is further fueled by growing consumer awareness regarding synthetic chemicals present in toiletries like hand and bathing soaps. In addition, consumer preference for natural ingredients in personal care products is supported by the efforts of various certification bodies such as The International Natural and Organic Cosmetics Association (NATRUE). The association mandated that at least 95.0% of physically processed agro-ingredients in rinse-off products such as soaps and shampoo must be organic. These initiatives, and evolving consumer trends are expected to boost product demand over forecast period.

The landscape of the liquid organic soaps segment is fragmented in nature due to the presence of a large number of players. Liquid soaps are preferred by consumers over bar soaps as they are more hygienic. Customers are becoming more aware regarding family bathing products and are offering a host of organic and natural personal care products. Key manufacturers such as SUNDIAL BRANDS LLC; Lush Retail Ltd.; Osmia Organics, LLC; EO Products; Pangea Organics, Inc.; and Brittanies Thyme are launching new products in order to cater to increasing product demand. For instance, in April 2019, Korkut Oil Soap Industries Inc. introduced a liquid soap made from unique ingredients: goat milk and extra virgin olive oil. The product, called ‘Olivos Goat Milk Liquid Soap’, helps delay signs of aging and removes dead skin.

Europe is expected to emerge as the fastest growing organic soap market over the course of the forecast period, registering a CAGR of 8.7% from 2019 to 2025. Manufacturers are launching new products that are organic, herbal, cruelty-free and chemical-free in order to cater to evolving customer demands. Over the past few years, Germany, France, and U.K. have seen an increase in product launches. For instance, in September 2016, Lush Retail Ltd., a U.K.-based manufacturer of natural personal care products, launched its concept retail store in Milan and Berlin where products are sold in innovative, packaging-free alternatives. Product information is provided by a mobile app and customers can take their products in ethically-sourced regenerative containers made from cork.

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/organic-soaps-market

Further key findings from the report suggest:

• Liquid product variants are expected to witness the fastest growth, exhibiting a CAGR of 8.4% from 2019 to 2025. Liquid soaps are preferred by consumers over bar variants as they are more hygienic
• The online distribution channel is expected to witness the fastest growth by the end of the forecast period, generating a revenue of USD 75.3 million by the end of 2025
• North America is the dominant market and accounted for more than 30.0% of the global revenue in 2018 owing to high concentration of U.S-based manufacturers
• Key players in organic soap include SUNDIAL BRANDS LLC; Lush Retail Ltd.; Osmia Organics, LLC; EO Products; Pangea Organics, Inc.; and Brittanies Thyme.

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

Organic Soaps Product Outlook (Revenue, USD Million, 2015 - 2025)

• Bar
• Liquid

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

• Online
• Offline

Gluten-free Pizza Crust Market Is Expected At A CAGR Of 6.5% 2025

The global gluten-free pizza crust market size is anticipated to reach USD 3.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% over the forecast period. Increase in the impact of western culture and rise in disposable income are some of the factors for the growth of the market. Rise in the number of pizza outlets may lead to the market growth in the upcoming years.

Growing awareness related to health among people and increase in the prevalence of celiac diseases are expected to be the major factors driving the market for gluten-free pizza crust. It was surveyed that 1 in 20 Americans are diagnosed with gluten sensitivity, which may cause severe health problems. It is essential to make changes in the diets and food habits in order to decrease the occurrence of celiac disease. Thus, the bakery industry manufacturers have been developing different gluten-free pizza crust products. Pizza consumption is maximum in regions like North America and Europe.

North America held the largest share and generated a revenue of USD 692.7 million in 2018. The growth of market is attributed to rising awareness among consumers related to the benefits of having no gluten in the pizza crust products. Many innovative and new flavor products are launched, which may lead to the market growth.

For instance, in 2018,Schwan's Consumer Brands, Inc. launched two new and innovative flavors of Freschetta Gluten Free Pizza during an awareness program related to celiac diseases. Tuscan style chicken and spinach and roasted mushroom ae the tow new flavors that make people not to change their taste due to different health conditions. This Freschetta Gluten-free Crust has been certified by the National Celiac Association for providing unique flavors, while considering health of people. 

Asia Pacific is the fastest growing region, expanding at a CAGR of 7.1% during the forecast period. India has over half of the population that is beneath the age of 30 and is known to have the most significant young generation, thereafter China, Indonesia, and U.S. Young population may be the reason for the growth of the market during the forecast period.

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/gluten-free-pizza-crust-market

Further key findings from the report suggest:

• By product, the conventional segment held more than 65.0% share of overall revenue in 2018. The organic segment is anticipated to ascend at a CAGR of 6.9% over the forecast period
• Based on end use, the retail segment was valued at USD 713.2 million in 2018 and is projected to exhibit high growth in the next few years
• U.S. emerged as the biggest consumer of gluten-free pizza crust in 2018 and is expected to witness significant growth over the forecast period
• The gluten-free pizza crust market is highly competitive with the leading players including Udi's Gluten Free, Glutino, King Arthur Flour, Namaste Foods, Nu Life Market, Bob's Red Mill, Cup4Cup, and Vicolo
• North America dominated the global market in 2018, accounting for 35.0% share of the global revenue. This trend is projected to continue over the next few years
• Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Grand View Research has segmented the global gluten-free pizza crust market by product, end use, distribution channel, and region:

Gluten-free Pizza Crust Product Outlook (Revenue, USD Million, 2015 - 2025)

• Organic
• Conventional

Gluten-free Pizza Crust End Use Outlook (Revenue, USD Million, 2015 - 2025)

• Retail
• Bakeries
• Others

Gluten-free Pizza Crust Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Hot Drinks Packaging Market Is Expected At A CAGR Of 4.2% 2025

The global hot drinks packaging market size is expected to reach USD 13.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. Growing consumption of coffee and tea across the globe and innovative packaging methods to prevent loss of product are expected to remain key driving factors. Furthermore, increasing consumption of coffee and tea among the working class population of developing economies including China and India is expected to open opportunities for manufactures over next few years.

North America dominated the market and generated a revenue of USD 3.6 billion in 2018. This region has been witnessing significant rise in consumption of coffee and other hot drinks, especially in U.S. This scenario is expected to increase the demand and introduction of innovative packaging solutions for hot drinks. Furthermore, strong brand goodwill and foothold of key industry participants including Sonoco Products Company and Bemis Company, Inc. through their well-established distributor networks in U.S. are projected to remain favorable for the market growth over the next few years.

Asia Pacific is the fastest growing market for hot drinks and is projected to register a CAGR of 5.1% over the forecast period. This growth is attributed to increasing consumption of tea and coffee as a staple drink in the countries such as China and India, which is thereby driving the need for more production and their packaging solutions.

Coffee generated the highest revenue of USD 5.6 billion in the year 2018. In 2017, consumption of coffee was 62% i.e. 5% increase over the prior year, which makes it the largest shareholder. The segment is also expected to witness the fastest growth owing to increasing coffee consumption in countries such as China, Japan, and India. This scenario is expected to drive the demand for innovative and attractive packaging solutions for hot drinks. Companies are coming up with flexible packaging solutions for this drink, such as use of recyclable materials like cardboards to help consumers in convenient takeaway process.

Glass packaging material generated the highest revenue of USD 4.7 billion in the year 2018 due to its advantages such as recyclability and aesthetic appeal over other materials used for hot drink packaging. It is anticipated to witness significant growth over the forecast period owing to cost effectiveness and convenient transportation. For instance, Roaster, an American company specializing in manufacturing shelf bags, has different coffee packaging categories such as Gusseted Bag, Stand-up Pouch, Flat Pouch, and Flat-bottom Pouch. 

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/hot-drinks-packaging-market

Further key findings from the report suggest:

• On the basis of product, the tea segment is expected to generate a revenue of USD 4.8 billion by 2025
• By material, the plastic segment accounted for a revenue share of 36.0% for the year, 2018
• Europe is expected to account for 20.8% share of the global revenue by 2025
• Key industry participants include in hot drinks packaging market are Bemis Company; Reynolds Group Holdings Limited Inc.; Sonoco Products Company; Stora Enso; Saint-Gobain S.A.; Mondi PLC.; Amcor Ltd.; Crown Holdings, Inc.; Alcoa Corporation; and Tetra Laval International S.A.

Grand View Research has segmented the global hot drinks packaging market on the basis of product, material, and region:

Hot Drinks Packaging Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Coffee
• Tea
• Others

Hot Drinks Packaging Material Outlook (Revenue, USD Billion, 2015 - 2025)

• Glass
• Plastic
• Others

x

Smart Ceiling Fans Market Is Expected At A CAGR Of 5.2% 2025

The global smart ceiling fans market size is expected to reach USD 993.6 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.2% during the forecast period. Rising demand for convenient products coupled with rapid adoption of advanced technology is projected to drive the growth. Furthermore, introduction of innovative features such as climate control coupled with ease of operation, and energy-efficiency is anticipated to fuel the demand for smart fans.

Residential application segment held the largest market share exceeding 80% in terms of revenue in 2018. Rising adoption of smart home appliances in developing economies including China and India is expected to promote the growth. The silent and energy-saving features of these products boost the product demand. Smart fans complement the smart and modern home interiors. This factor is anticipated to further propel the regional application segment.

Online channel is expected to witness the fastest CAGR of over 6% from 2019 to 2025. Over the past few years, the sales of home appliances through e-commerce have increased significantly. Furthermore, the hassle-free shopping experience of online channels is expected to promote the growth of the segment.

Asia Pacific held the largest market share of over 60% in terms of revenue in 2018. Rising purchasing power of the consumers from developing economies, including China and India is anticipated to bode well for the adoption of smart integrated appliances in this region. Additionally, product innovation by key companies including Orient Electric and Havells among others is projected to drive regional market growth in near future.

Key competitors in the smart ceiling fans market include Hunter Fan Company; Orient Electric; Delta T, LLC.; Ottomate International; Modern Form; Minka Lighting Inc.; OCECO; Fanimation; Havells India Ltd.; and CG Power and Industrial Solutions Limited. Over the past few years, the companies have been focusing on product innovation to boost their market share. Product launches in terms of, bladeless ceiling fans and LED light fixtures, among others are projected to gain massive traction in the forthcoming years. In December 2017, Exhale Europe launched a bladeless fan that evenly allocates the air in the entire room.

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/smart-ceiling-fans-market

Further key findings from the report suggest:

• Commercial segment is expected to register the fastest CAGR of 5.5% from 2019 to 2025, attributed to the increasing product demand owing to the features such as energy-efficiency and automatic temperature control
• Residential application segment held the largest market share of more than 80% in 2018
• Asia Pacific led the smart ceiling fans market, accounting for more than 60% of revenue share in 2018. Presence of a large number of middle-class population in key markets including China and India is expected to open new growth avenues in near future
• Online channel is expected to expand at the fastest CAGR of over 6% from 2019 to 2025

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

Smart Ceiling Fans Application Outlook (Revenue, USD Million, 2015 - 2025)

• Residential
• Commercial

Smart Ceiling Fans Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Smart Ceiling Fans Region Outlook (Revenue, USD Million, 2015 - 2025)

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

Air Purifier Market Is Expected At A CAGR Of 10.7% 2025

The global air purifier market size is projected to reach USD 14.79 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 10.7% over the forecast period.  Rising prevalence of health problems related to pollution in the emerging economies is forecast to drive the demand for the industry over the forecast period.

Increasing airborne diseases and rising pollution level are anticipated to be the key factor behind the growth of the market over the forecast period. A burgeoning population, improved standard of living and increased health consciousness worldwide has been fueling the demand for air purifiers. Several international organizations have set standards and regulations as well as issued guidelines, which are expected to drive the industry.

Air purifiers are now being considered a necessity in developed countries; however, they are considered a luxury good in developing countries such as India. The overall cost associated with the purchase and maintenance of these products is high, which proves to be a deterrent for many consumers and acts as a challenge for industry growth.

Key challenges faced by the market are the emission of ozone gas which affects the lungs, causing shortness of breath, and chest pain among other problems. A few international boards & governments have declared retraction on indoor cleaning devices which produce ozone gas beyond the limit.

Asia Pacific emerged as the leading market with 34.0% revenue share in 2018 and dominated the industry due to several factors including rapid urbanization and industrialization, followed by North America and Europe. North America is expected to surpass USD 4.00 billion by 2025 owing to various environmental protection laws and increasing awareness to curb pollution.

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/air-purifier-market

Further key findings from the report suggest:`

• In terms of value, the air purifier market is anticipated to reach USD 14.79 billion by 2025, on account of factors such as rising health concerns, deteriorating indoor air quality, and changing lifestyle preferences among consumers
• HEPA technology is expected to dominate the market by 2025. The segment is expected to lose its market share to the ionic filter and the activated carbon segments owing to new product innovation and growing R&D.
• Asia Pacific held the largest share in 2018 and is anticipated to register significant growth over the next seven years owing to rising demand for HEPA purifiers on account of its enhanced efficiency and effectiveness.
• The air purifier market in the U.S. is anticipated to reach USD 3.23 billion by 2025. Increasing consumer consciousness regarding health issues & improved living standard has facilitated manufacturers to increase production of products for various applications.
• The global market is fragmented with the presence of a numerous market participants. However, the market is dominated by big giants such as Panasonic Corporation, Unilever PLC, Honeywell International, Inc., and LG Electronics, Inc.

Grand View Research has segmented the global air purifier market on the basis of technology, application, and region.

Air Purifier Technology Outlook (Revenue, USD Million, 2014 - 2025)

• High Efficiency Particulate Air
• Activated Carbon
• Ionic Filters
• Others

Air Purifier Applications Outlook (Revenue, USD Million, 2014 - 2025)

• Commercial
• Residential
• Industrial

Air Purifier Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • U.S
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

Gluten-Free Products Market Future Outlook To Reach $33.05 Billion By 2025

The global gluten-free products market size is projected to reach USD 32.39 billion by 2025 expanding at a CAGR of 9.1%, according to a new report by Grand View Research, Inc. Rising cases of lifestyle-related diseases has favored the market growth. Increasing instances of chronic and non-communicable diseases leading to disability or death have also bolstered the demand for gluten-free products. Furthermore, major focus of manufacturers on various parameters including production of foods with less saturated fat coupled with efficient labelling solutions has driven the demand for gluten-free products.

Another important factor favoring market growth is the increasing incidences of Irresistible Bowel Syndrome (IBS) and celiac diseases. U.S. is one of the major consumers of gluten-free products because, on an average, one of every 133 people suffer from celiac disease, and 1 in 56 experience similar symptoms. In addition, majority of the patients are misdiagnosed for the disease, which is causing the development of such disorders faster. This is likely to drive the demand for the gluten-free products in the country. However, the market growth is restrained by various factors, such as the lack of awareness about the celiac disease.

North America was the dominant consumer market in 2018 and held a share of 53.0% of the overall market. The region is home to major food brands and companies with extensive distribution networks that provide a wide array of commodities. Moreover, rising awareness about the health benefits of gluten-free eatables is likely to boost the market growth. Favorable regulatory framework and initiatives to promote a gluten-free diet by the U.S. Food and Drug Administration (FDA) and subsidy allocations are anticipated to boost the market in North America over the forecast period.

To request a sample copy of this report, click the link below:

www.grandviewresearch.com/industry-analysis/gluten-free-products-market

Further key findings from the study suggest:

• Bakery products emerged as the largest segment in 2018 and is expected to register a CAGR of over 10% during the forecast period
• In terms of distribution, independent natural or health food store segment is anticipated to register the fastest growth in the coming years
• Rising consumer disposable incomes and awareness about organic and natural foods are likely to aid the segment
• APAC is expected to be the fastest-growing region from 2019 to 2025 due to factors, such as increasing internet penetration, growing e-commerce sector, and favorable demographics
• Australia is among the most lucrative markets in APAC owing to regulations by the Australian government favoring the initialization of start-ups in the food & beverage industry
• Key companies in the gluten-free products market include Boulder Brands, Inc.; General Mills, Inc.; The Hain Celestial Group, Inc.; The Kraft Heinz Company; Kellogg’s Company; Hero Group AG; and Big Oz Industries Ltd.
• Some of the major competitive strategies undertaken by the market participants include mergers & acquisitions and product innovation

Grand View Research has segmented the global gluten-free products market on the basis of product, distribution, and region:

Gluten-free Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Bakery Products
• Dairy/Dairy Alternatives
• Meats/Meat Alternatives
• Condiments, Seasonings, Spreads
• Desserts & Ice-creams
• Prepared Foods
• Pasta and Rice
• Others

Gluten-free Products Distribution Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Grocery Stores
• Mass Merchandiser
• Independent Natural or Health Food Store
• Club Stores
• Drug Stores
• Others