Computer Aided Dispatch Market Size Worth $3.14 Billion By 2027

 

Computer Aided Dispatch Market Growth & Trends

The global computer aided dispatch market size is expected to reach USD 3.14 billion by 2027, according to a new study by Grand View Research, Inc., expanding at a CAGR of 11.1% during the forecast period. The increasing need for public safety and technological advancements are projected to drive the computer aided dispatch (CAD) market growth. Computer-aided dispatch technology is used for ensuring safe and secure dispatch operations. Factors such as continued rollout of networking and communication infrastructure, advances in communication technology, and national public safety initiatives are also expected to trigger the rapid growth of the market.

Threats associated with criminal activities and natural calamities are creating a need for efficient emergency response systems and dispatch operations. As such, CAD technology has to cater to various dispatch operation needs in law enforcement, healthcare, and life sciences industries, transportation, and power & utility sectors. Accordingly, the latest CAD solutions are designed to support various applications such as deliver call management, dispatch unit management, reporting and analysis, and intelligent mapping. These applications are crucial for mission-critical situations.

Rising mergers and acquisitions trends by key market players are anticipated to boost the market growth over the forecast period. Moreover, the North America regional market held the largest revenue share in 2019. North America boasts a developed communication and network infrastructure. Also, the growing deployment of the 5G network is estimated to provide seamless connectivity during emergency services. Additionally, the region is home to key CAD solution providers such as Motorola Solutions, Inc.; CentralSquare Technologies; and Avtec Inc. This is providing an impetus growth to the North America market.

Furthermore, rapidly surging government investments on deploying CAD solutions to provide high safety to their public in emerging countries is estimated to propel the market growth from 2020 to 2027. Moreover, increasing consolidation of Public Safety Answering Points (PSAPs) in the U.S. is expected to restrict the overall market growth during the next seven years. Further, the COVID-19 outbreak has augmented the demand for health emergency services across the globe. Also, the federal governments across various countries such as U.S., U.K., Germany, and Italy are making massive investments to strengthen their healthcare facilities in order to provide effective services in emergencies. As a result, it is expected to fuel the adoption of computer-aided dispatch solutions over the forecast period.

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Computer Aided Dispatch Market Report

Computer Aided Dispatch Market Report Highlights

• The services segment is anticipated to expand at the highest CAGR over the forecast period owing to the growing demand for integration, support, as well as training services among customers regarding the CAD solutions
• The healthcare segment is expected to be the exhibit the highest CAGR among all verticals from 2020 to 2027, in line with rising the need for computer-aided dispatch solutions to manage emergency medical services
• The demand for cloud-based CAD solutions across public and private agencies is expected to witness significant growth in order to reduce overall operational costs
• Asia Pacific is expected to expand at the highest CAGR over the next seven years owing to the growing demand for secure and efficient dispatch operations across merging countries such as India and China
• Prominent market players are aggressively focusing on mergers and acquisitions to strengthen their market presence as well as enhance their geographical appearance

Healthcare Staffing Market Size Worth $48.6 Billion By 2027

 

Healthcare Staffing Market Growth & Trends

The global healthcare staffing market size is likely to reach USD 48.6 billion by 2027 at a CAGR of 5.4% over the forecast period, based on a new report by Grand View Research, Inc. The rising demand for temporary nursing staff especially due to growing geriatric population is boosting the scope for these services across the world.

In 2010, the Association of American Medical Colleges estimated that U.S. might face a shortfall of 150,000 doctors during the next 10–15 years. In August 2019, the National Association of Locum Tenens Organizations (NALTO) stated that 90% of the U.S. healthcare facilities use locum tenens providers and over 50,000 physicians work on locum tenens projects every year. The increasing number of physicians choosing to work as locum tenens is expected to propel the market growth over the forecast period.

Furthermore, the hospitals are forced to reduce the staff and implement policies for ensuring the availability of nurses upon an increase in the workload, in response to the pressure of costs. Due to high penetration of the market, there is the availability of healthcare staff during emergencies, thereby driving the market growth.

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Healthcare Staffing Market Report

Healthcare Staffing Market Report Highlights

• By service, the market has been segmented into travel nurse, per diem nurse, locum tenens, and allied healthcare, out of which, the travel nurse segment dominated the market in terms of revenue share in 2019
• Locum tenens are anticipated to witness a significant growth rate over the forecast period owing to rising number of physicians opting to work as locum tenens and due to the cost-effectiveness to the providers
• North America held a majority of the market share in 2019 due to shortage of skilled professionals in the region, local presence of several market players, and overall growth in geriatric population
• Asia Pacific is expected to register the highest growth rate over the forecast period due to increasing awareness regarding contract staffing, promising economic outlook, and increasing investments by various market players
• Some of the key players operating in the healthcare staffing market are AMN Healthcare; Envision Healthcare Corporation; Maxim Healthcare Services, Inc.; CHG Management, Inc.; inVentiv Health; Cross Country Healthcare, Inc.; TeamHealth; Adecco Group; and Almost Family.

Carob Powder Market Size Worth $69.8 Million By 2027 | CAGR: 5.0%

 

Carob Powder Market Growth & Trends

The global carob powder market size is expected to reach USD 69.8 million by 2027, expanding at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing popularity of carob powder as a healthier alternative to cocoa powder in the bakery and confectionery sector is expected to remain a key factor driving the industry. Furthermore, growing demand for gluten-free diet in developed economies, including U.S., Germany, France, and U.K., is projected to promote the spending on carob powder as a natural ingredient in the commercial and household sectors in the near future.

Over the past few years, the buyers have been shifting their focus towards the incorporation of healthier ingredients, including carob powder, which contains fiber, calcium, protein, and no saturated fats. These features are expected to promote the utility of carob powder as an ingredient for manufacturing various confectionery products.

The B2C (Business-to-Consumer) segment is expected to expand at the fastest CAGR of 6.7% from 2020 to 2027. As consumers worldwide are becoming more interested in healthier food options, they are practicing baking at home to avail the actual nutrition benefits. Moreover, increasing demand for artisanal bakery and confectionery products is expected to contribute to the segment growth in the coming years.

Asia Pacific is expected to expand at the fastest CAGR of 6.1% from 2020 to 2027. Millennials have been increasingly adopting a healthy lifestyle in the countries, including China, Japan, and South Korea, owing to which they are shifting towards healthier food products. Moreover, shifting consumer preferences for the consumption of sugar-free alternatives owing to growing prevalence of diabetes in countries, such as India and China, are expected to increase popularity of carob powder in the upcoming years.

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Carob Powder Market Report

Carob Powder Market Report Highlights

• Organic products are expected to expand at the fastest CAGR of 5.5% from 2020 to 2027. This growth is attributed to increased importance of organic-labelled products in the food and beverage industry at the global level
• The B2C application segment is expected to register the highest CAGR of 6.7% from 2020 to 2027. Growing consumer awareness regarding the health benefits of carob flour, coupled with high visibility of these products, is expected to contribute to the segment growth
• Europe held the largest share of 40.2% in 2019. Strong presence of health-conscious consumers in key countries, including Germany, U.K., and France, is expected to prompt the consumption of carob powder as an alternative intermediate for manufacturing confectionery products at the domestic level
• Key market players include THE AUSTRALIAN CAROB CO.; The Carob Kitchen; Frontier Co-op.; Oak Haven Inc.; Barry Farm Foods; NOW Foods; Ingredients UK Ltd; Jedwards International, Inc.; OUASDI INTERNATIONAL; and Alpine Herb Company Inc.

Vegan Sauces, Dressings & Spreads Market Worth $365.8 Million By 2027

 

Vegan Sauces, Dressings & Spreads Market Growth & Trends

The global vegan sauces, dressings & spreads market size is expected to reach USD 365.8 million by 2027, expanding at a CAGR of 8.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising adoption of vegan lifestyle owing to increasing awareness pertaining to adverse environmental effects of eating habits is expected to drive the market. New products launches have also been acting as a catalyst for the market growth.

For instance, in December 2019, Il Mulino, a New York-based Italian restaurant, launched plant-based sauces, including Organic Tomato Basil, Marinara, Bolognese, Vodka, and Pomodoro. These come in small batches and include San Marzano tomatoes and cold-pressed EVOO from Abruzzi as major ingredients. These products are priced between USD 12 and USD 15.

Moreover, in January 2020, Tesco through Wicked Kitchen launched vegan sauces and dressings, including beetroot dressing, siracha, teriyaki, Asian style BBQ, mango, and horseradish and mustard. Similarly, in October 2019, LEON has launched a new range of sauces, including mayonnaise, beetroot ketchup, chili, and brown, through 600 Sainsbury’s stores. The company is focused on inspiring people to consume plant-based food. The company claims its products are free of artificial ingredients.

Additionally, in October 2019, French Cravings launched a range of vegan dips through Walmart. Most of these dips are derived from almond and cashew. These dips are available in various flavors including Kickin’ Queso Style Cashew, Zesty Ranch Cashew, Creamy Dill Cashew, Creamy Garlic Almond, Spicy Garlic Almond, Organic Creamy Vanilla Cashew Dip, Organic Chocolate Mousse Cashew Dip, and Smokehouse Almond. The company is focusing on expanding its buyer base by targeting those customers who have been shifting towards veganism.

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Vegan Sauces, Dressings & Spreads Market Report

Vegan Sauces, Dressings & Spreads Market Report Highlights

• Based on product, the sauces segment was valued at USD 90.4 million in 2019. This is attributed to increasing adoption of the product in various cuisines across the globe
• Plant-based dressings are expected to register the fastest CAGR over the forecast period owing to increasing dependence on salads as meals globally
• Online distribution channel is expected to witness the fastest growth from 2020 to 2027. The convenience pertaining to direct to customer delivery and access to a large variety of flavors are expected to drive this channel in the years to come
• North America and Europe jointly accounted for more than 65.0% share of the global revenue in 2019. Growing importance of vegetarianism in developed countries, such as U.S., Germany, U.K., France, and Canada, is expected to have a positive impact on the market growth in these regions.

Aerosol Market Size Worth $131.9 Billion By 2030 | CAGR 6.6%

 

Aerosol Market Growth & Trends

The global aerosol market size is anticipated to reach USD 131.9 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.6% during the forecast period. The rising demand for aerosol products from various end-use industries, such as personal care, household, automotive and industrial, and medical, is anticipated to drive the growth. Aerosol paints are being increasingly used for automotive as well as architectural paint applications. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are key factors driving their demand in architectural and automotive paint end-use industries.

Furthermore, the rapidly expanding construction sector, especially in developing countries such as India, China, Vietnam, and Indonesia, is expected to further fuel the product demand in paint application. Globally, the cases of respiratory diseases, such as asthma and Chronic Obstructive Pulmonary Disease (COPD), have considerably increased over the past several years, majorly due to the changing lifestyle and rising geriatric population. The growing cases of such respiratory diseases are principally driving the demand for aerosol-based inhalers. In addition, high demand for various pain relief sprays owing to their convenience of application is further anticipated to expand the market growth in the coming years. Asia Pacific is among the significant regional markets.

The rising demand for personal care products from developing countries is anticipated to propel the demand for aerosol. In addition, increasing awareness regarding cleanliness and hygiene is boosting the growth of household products like cleaners, sanitizing agents, and air fresheners. The growing demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to set up its fourth manufacturing facility in India. The global market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for the emerging sectors, such as household and personal care.

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Aerosol Market Report

Aerosol Market Report Highlights

• The personal care application segment accounted for the largest revenue share in 2021 due to extensive usage of aerosol in deodorants, hair mousses, hair sprays, and others due to its convenience, which contributed to the growth of this segment
• The automotive & industrial application segment is anticipated to grow at a steady CAGR from 2021 to 2030 due to increasing preference for aerosol-based greases and oils by the automobile service stations
• Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2030 on account of the rising penetration of retail, growing construction activities, and increasing sales of automobiles
• The market in Europe is expected to witness sluggish growth in the coming years owing to the regulations regarding Volatile Organic Compounds (VOCs) emissions imposed by the European Commission and Environmental Protection Agency (EPA)
• The global market is highly competitive owing to the presence of major players like Proctor & Gamble, Reckitt Benckiser, etc.

Roofing Materials Market Worth $151.2 Billion By 2027 | CAGR: 3.0%

 The global roofing materials market size is expected to reach USD 151.2 billion by 2027, registering a CAGR of 3.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing product application in residential and commercial construction activities is projected to drive the growth.

Rising focus on construction of green, energy-efficient buildings leads to an increased demand for roofing materials. Furthermore, the durability associated with the variety of roofing materials such as asphalt shingles, metal roofs, and concrete and clay tiles is expected to have a positive impact on the market growth over the forecast period.

A wide variety of roofing materials is available, depending on the aesthetic, structural, and economic requirements of consumers. Over the past few years, roofing structures have emerged as an architectural trademark, which along with being eco-friendly, are also visually attractive, reasonably priced, and structurally sound.

The market is characterized by a long-term relationship between customers and manufacturers and high brand loyalty. Major industry participants are focusing on enhancing their market share by expanding their product portfolio and focusing on improving product quality.

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https://www.grandviewresearch.com/industry-analysis/roofing-materials-market

Further key findings from the report suggest:

• In Asia Pacific, the demand for roofing materials market in residential application is expected to register a CAGR of 3.1% in terms of value over the forecast period, owing to the growing population and the subsequent rise in demand for housing structures
• In China, the metal roof segment is expected to attain a market share of 27.5% by 2027 in terms of value owing to rising product application in the rapidly growing industrial sector in the country
• In U.S., the asphalt shingles segment was valued at approximately USD 5.0 billion in 2019 on account of their resistance to fire damage and algae growth, along with lower cost, long lifecycle, and ease of installation
• The concrete and clay tiles segment in Europe is expected to register a CAGR of 2.8% in terms of value over the forecast period on account of increasing adoption of eco-friendly construction materials supported by the regulatory framework in the region
• The non-residential application segment in the Middle East and Africa market was valued at USD 4.8 billion in 2019 due to rising investments for the construction of offices, hotels, and restaurants
• Industry players are focusing on increasing their market share by expanding their product portfolio and providing a wide range product choice in terms of color and texture to customers.

Wireless Mouse Market Size Worth $1.77 Billion By 2025 | CAGR 3.7%

 The global wireless mouse market size is anticipated to reach USD 1.77 billion by 2025 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Constant product and technological innovations, such as improved design and extended battery life, by major companies like Logitech has played a crucial role in promoting the product demand. Moreover, flexibility and hassle-free operations of the product are encouraging businesses to use wireless devices, thereby augmenting the market growth.

Radio frequency mouse held the largest market share in 2018. The segment will retain its leading position throughout the forecast period as these products have high demand on account of their capability of providing high operating range. Rapidly expanding IT sector, especially in developing countries including China and India, is expected to boost the product sales over the next few years. Bluetooth mouse segment is anticipated to expand at the fastest CAGR of 4.3% from 2019 to 2025.

These products have better battery life and can be operated for three months with single charging. Also, Bluetooth mouse can be connected to multiple devices at a time. North America held the leading position in the global wireless mouse market in 2018. However, Asia Pacific is projected to witness the fastest growth over the forecast period due to increasing product demand, especially in India and China. Moreover, product advancements coupled with rise in number of retail outlets in the region is expected to promote market growth.

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https://www.grandviewresearch.com/industry-analysis/wireless-mouse-market

Further key findings from the study suggest:

• North America is anticipated to be the largest regional market over the forecast period due to rising consumer preference for wireless devices
• Europe is likely to be the second-largest market due to rising number of video gamers, especially in Germany, U.K., and France
• Offline segment held the leading position in the market in 2018 and will retain its position in future due to increasing number of retail stores in emerging economies like India, China, and Brazil
• However, online distribution channel segment is anticipated to expand at the fastest CAGR of 4.4% over the forecast period
• Extensive usage of smartphones and exposure to digital media is expected to boost the product sales through online channels
• In addition, same day delivery and heavy discounts offered by e-commerce platforms will boost the segment growth further
• Key companies in the market are Logitech International S.A.; Razer, Inc.; Microsoft Corp.; Hewlett-Packard Development Company, L.P.; Apple, Inc.; Dell Technologies, Inc.; Anker Innovations Ltd.; Lenovo Group Ltd.; Samsung Group; and Steel Series

Pet Monitoring Camera Market Size Worth $250.1 Million By 2025

 The global pet monitoring camera market size is expected to reach USD 250.1 million by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 26.0% during the forecast period. Continuous surge in pet ownership among millennial population has been driving the growth. Furthermore, the rapid adoption of the latest technology among consumers is expected to increasing spending on advanced monitoring products for pets.

The one-way video functionality accounted for more than 85% of the market share in terms of revenue. Over the past few years, the consumers have been attracted to the innovative features of these products. Manufacturers have added features, including laser dot chase game, automatic treat dispenser, motion and sound detection, and built-in ringtone, to their monitoring devices. Furthermore, two-way voice communication has made these devices more interactive.

Online distribution channel is expected to witness a steady CAGR of over 28% from 2019 to 2025. Rising popularity of e-commerce among consumers due to the convenience of shopping is expected to boost the segment in near future. Major online retailers include Amazon; PetSmart Inc.; Walmart; Target Brands, Inc.; eBay Inc.; and Petco Animal Supplies, Inc.

Asia Pacific is expected to register the fastest CAGR of 27.2% from 2019 to 2025. Prominent markets of this region include China, Japan, Australia, and India. Over the past few years, increased number of pets in the aforementioned countries has been witnessed. For instance, According to the Japan Pet Food Association, the number of domestic cats has increased by 123,000 to more than 9 million from 2017 to 2018. Additionally, high number of millennial population in developing economies including China and India is expected to open new avenues over the next few years.

Key competitors in the pet monitoring camera market include Guardzilla; Wagz, Inc.; Tomofun (Furbo Dog Camera); Motorola, Inc.; Petcube, Inc.; Zmodo; Acer Inc. (Pawbo Inc.); Anser Innovation LLC (PetChatz); Hangzhou Hikvision Digital Technology Co., Ltd. (Ezviz Inc.); and Vimtag Technology Co., Ltd.

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https://www.grandviewresearch.com/industry-analysis/pet-monitoring-camera-market

Further key findings from the report suggest:

• Two-way video functionality product segment is expected to expand at the fastest CAGR due to the growing demand for visual interactive monitoring devices
• Asia Pacific is expected to witness the fastest CAGR of more than 27.2% from 2019 to 2025
• One-way video functionality segment held the largest market share of over 80% in 2018
• North America led the global pet monitoring camera market owing to the large number pet ownership and rising spending on pet monitoring devices in U.S.
• Online distribution channel is expected to register the fastest CAGR of over 28.1% from 2019 to 2025

Rotary Hammer Drill Market Worth $1.81 Billion By 2025 | CAGR: 3.7%

 The global rotary hammer drill market size is expected to reach USD 1.81 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.7% during the forecast period. Rising demand for home-based lightweight power tools which can be used in small drilling activities is propelling the product demand. Advanced modified rotor speed helps to drill surface easily in less time.

Wireless product segment is projected to foresee the fastest CAGR of 5.1% from 2019 to 2025. Factors such as advancements in wireless communication systems and rising usage of hassle-free, lightweight products are anticipated to fuel the growth. Availability of advanced products such as Bluetooth connected hammer drill machines that provide real-time drill data on mobile and laptop is anticipated to bode well for the segment growth.

Commercial was the largest application segment and generated a revenue of USD 817.44 million in 2018. Rising usage of rotary hammer drills in workshops, electrical and electronics units, and manufacturing industry is expected to drive the growth of the segment. Furthermore, product features such as high overload capacity, long life of carbon brush, and effective cooling system are anticipated to fuel the growth.

Online distribution channel is anticipated to expand at the fastest CAGR during the forecast period. Some of the key e-commerce companies include Amazon, Flipkart, and AliExpress. The companies provide various add-on services such as Cash-on-Delivery (COD) and coupons to boost customer loyalty. Such innovative strategies are anticipated to drive the segment growth in the forthcoming years.

Asia Pacific is estimated to expand at a CAGR of 5.0% from 2019 to 2025. Growing construction activities coupled with increasing disposable income of middle class population in countries such as India and China is anticipated to fuel the regional growth. Rising preference for Do-it-Yourself (DIY) projects in the household segment is anticipated to further drive the demand for rotary hammer drills. Rising purchase of these drills for small level household drilling requirements is expected to promote the regional growth in the forthcoming years.

Some of the key players operating in the rotary hammer drill market are Robert Bosch Tool Corporation; Hilti Makita; Stanley Black and Decker, Inc.; Indo-Spark Construction Services; Porter-Cable; Wurth; TOYA S.A.; Makita; Techtronic Industries Co. Ltd; and DEWALT. Product innovation is expected to remain the key competitive strategy for the industry participants over the next eight years. For instance, in May 2016, Hitachi Power Tools launched high-tech AC brushless hammer line which is designed to increase durability and reduce vibration transfer to the user.

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https://www.grandviewresearch.com/industry-analysis/rotary-hammer-drill-market

Further key findings from the report suggest:

• Wired rotary hammer drill was valued at USD 1.16 billion in 2018. Low price and easy availability at offline and online distribution channels is projected to remain a favorable factor for the growth
• Residential application is expected to register a CAGR of 4.0% from 2019 to 2025. Increasing number of residential complexes in emerging economies including China and India is anticipated to remain a key growth driver
• Offline distribution channel segment of the rotary hammer drill market was valued at USD 1.12 billion in 2018
• Asia Pacific is projected to expand at the fastest CAGR of 5.0% from 2019 to 2025

Toaster Market Size Worth $4.5 Billion by 2025 | CAGR: 4.8%

 

Toaster Market Growth & Trends

The global toaster market size is expected to reach USD 4.5 billion by 2025, according to a new report by Grand View Research, Inc., registering a 4.8% CAGR during the forecast period. The market is mainly driven by increasing demand from quick service restaurants. This is one of the best labor-saving appliances used across homes, hotels, cafes, and restaurants. Technological advancements in the appliance over years has significantly benefited market growth. Manufacturers are constantly looking to innovate new and versatile appliances that can fit into different spaces, have various capabilities and sizes, and offer varied heating specifications that can range from simplistic to extreme, depending on how one prefers their bread.

Significant improvement in purchasing power of consumers for advanced kitchen appliances in developing countries such as China and India has also had a positive impact on product demand over the forecast period. In light of this, the market in Asia Pacific accounted for over 40.0% of the revenue in 2018. Increasing consumption of various types of breads for breakfast among many South Asian countries is driving the market. For instance, a study by Japanese consulting and economic research firm Nomura Research Institute, Ltd. finds that close to 51.0% of people in Japan prefer bread as part of their breakfast meal, overtaking the traditionally preferred item — rice.

On the basis of product, the toaster market is segmented into pop-up, oven, and conveyor toasters. Pop-up toasters held the largest market share in 2018 and are the most preferred type among consumers. These appliances consume lesser energy as compared to toasting bread in the oven or stove, which are less efficient. Conveyor toasters form the fastest growing segment owing to rising demand in commercial applications such as restaurants and hotels as they can toast larger quantities compared to household variants such as pop-up toasters.

By way of application, the residential sector accounted for the dominant share in 2018. With bread being a vital breakfast item for consumers across the globe, the convenience provided by toasters for a quick, easy, and delicious breakfast will continue to be a key factor keeping product demand high in the residential segment. Nevertheless, the commercial sector will register the fastest growth over the forecast period.

An increasing number of manufacturers and distributors have been entering the industry, ensuring stiff competition. The market is primarily dominated by regional and local players and more than 60.0% of the market is reportedly unorganized. New product launches, strong marketing campaigns, and strategic partnerships and collaborations are, therefore, crucial to holding a prominent position in the market. For instance, the steam toaster by Balmuda, a Japanese design and manufacturing company, uses steam technology and temperature control to keep the bread from drying out. A small amount of water is poured into the toaster, which ensures retention of moisture and aroma of the bread.

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Toaster Market Report

Toaster Market Report Highlights

• By product, conveyor toasters are projected to register the highest CAGR of 5.95% over the forecast period owing to rising demand in commercial applications such as restaurants and hotels
• In terms of application, the residential sector dominated the global market with a share of over 70.0% in 2018. The commercial sector will emerge as the fastest growing segment by 2025
• Asia Pacific held the dominant share of 40.08% in 2018. The region will continue its leading streak over the next few years, propelled by increasing disposable income in countries like India, South Korea, and China
• The toaster industry is highly competitive in nature with manufacturers concentrating on new product launches, marketing campaigns, and technological innovations to stay ahead. Some of the key players are The APW Wyott, Hatco, Star Manufacturing International, Waring Commercial, and Toastmaster.

Liquid Soap Market Size Worth $26.64 Billion By 2025 | CAGR: 5.34%

 The global liquid soap market size is expected to reach USD 26.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.34% during the forecast period. Rising us as a hygienic and convenient product is expected to drive the demand for liquid soap in commercial and residential application. High daily household consumption as a result of its excellent anti-bacterial properties and soothing fragrance is anticipated to further fuel the product demand.

Growing awareness regarding health and hygiene, especially among working class population is expected to promote the use of liquid soap products in household application. These products are available in fancy bottles with dispensers and are convenient to use. Commercial application is expected to expand at a CAGR of 4.5% from 2019 to 2025. Hotels, shopping malls, commercial real estate buildings, and hospitals are the major consumers in the market. Rising importance of facility management in these application areas as a result rising focus on personal hygiene of consumers is expected to promote the use of liquid soaps.

Asia Pacific is expected to witness fastest CAGR of 6.7% from 2019 to 2025. Growing awareness regarding health and hygiene, among consumers in developing countries such as China and India is expected to boost the product demand. Europe holds the second position in global liquid soap market.

Online distribution channel is expected to witness a CAGR of 7.8% from 2019 to 2025. Rising consumer preference due to the ease of product comparison coupled with doorstep delivery services offered by e-commerce portals is projected to boost the segment growth over the forecast period. Some of the key e-commerce portals include Amazon, AliExpress, Alibaba, and Flipkart among others.

Key players operating in this market include Reckitt Benckiser Group plc; Procter & Gamble; Godrej Consumer Products; Unilever; 3M; Lion Corporation; GOJO Industries, Inc.; Kao Chemicals; Bluemoon Bodycare; NEW AVON LLC.; and Pental Products. Companies are offering innovative products to gain greater market share. In Jun 2019, Reckitt Benckiser launched a wide range of products including bathing soaps, hand washes, and liquid soap among others under the brand name, Dettol. These products are claimed as free from parabens, talc, and dyes.

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

Further key findings from the report suggest:

• Conventional products is projected to expand at a CAGR of 5.0% from 2019 to 2025
• Household application segment held the leading market share of 61.5 % in 2018
• Asia Pacific held the leading market share of 35% in 2018
• Major players operating in the liquid soap market are Unilever; Reckitt Benckiser Group plc.; Procter & Gamble; Pental Products; NEW AVON LLC.; Lion Corporation; Kao Chemicals; GOJO Industries, Inc.; Godrej Consumer Products; Bluemoon Bodycare; and 3M

Beard Oil Market Size Worth $1.4 Billion By 2025 | CAGR: 6.1%

 The global beard oil market size is expected to reach USD 1.4 billion by 2025 registering a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Various cosmetics and beauty products manufacturers are investing in R&D to introduce advanced products, which is expected to fuel the market growth over the forecast period.

In addition, fashion experts and celebrity endorsements play a crucial role in increasing the awareness about these products and influencing consumer buying patterns, thereby supporting the growth of the market. For instance, in February 2019, a Namibian model Wellem Kapenda in association with cosmetic brand Chrisla Essentials, launched new scented oil. This product is suitable all skin types, offers moisturizing capabilities, and includes various essential and carrier oils for healthy hair growth.

Chrisla Essentials is available in company-owned stores and selected pharmacies. In February 2019, Wahl launched beard care products including oils to treat skin dryness, itchiness, irritation, and hair loss. These oils are formulated with proprietary combination of four essential oils, such as manuka, moringa, meadowfoam seed, and clove. These oils help maintain hydrate and healthy skin and facial hair.

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

Further key findings from the study suggest:

• Conventional beard oil type led the global market in 2018 accounting for a revenue share of USD 728.6 million and is projected to retain its leading position throughout the forecast years
• Online distribution channel segment is expected to witness the fastest CAGR of 7.5% from 2019 to 2025 due to rising number of internet and smartphone users across the globe
• In addition, rising popularity of online retail platforms due to their various advantages, such as cashback offers, discounts on branded products, and doorstep delivery services, will boost the segment growth
• On the other hand, the convenience stores segment is estimated to lead the market accounting for more than 45% of the global revenue by 2025
• Europe was the dominant regional beard oil market in 2018; however, Asia Pacific is anticipated to register the fastest CAGR from 2019 to 2025

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

Beard Oil Product Outlook(Revenue, USD Million, 2015–2025)

• Organic
• Conventional

Beard Oil Distribution Channel Outlook(Revenue, USD Million, 2015–2025)

• Hypermarkets & Supermarkets
• Convenience Store
• Online

Beard Oil Regional Outlook (Revenue, USD Million, 2015–2025)

• North America
• U.S.
• Europe
• Germany
• Spain
• Turkey
• Asia Pacific
• India
• Central & South America
• Middle East & Africa (MEA)
• South Africa
• Egypt

Dark Fiber Network Market Worth $10.05 Billion By 2028 | CAGR: 9.3%

 

Dark Fiber Network Market Growth & Trends

The global dark fiber network market size is estimated to reach USD 10.05 billion by 2028, according to the new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.3% from 2021 to 2028. Dark fiber has emerged as a sustainable solution for various organizations that are focusing on enhanced communication and network management. Continuously increasing penetration of internet services over the period has paved the way for the high demand for internet bandwidth. This demand is expected to remain rampant over the forecast period. This is the most significant factor responsible for market growth across the globe. The market is strongly supported by companies with a high reliance on internet connectivity. These networks are highly beneficial for organizations with a high volume of data flow in their operation. These benefits include reduced network latency, scalability, reliability, and enhanced security.

In fiber-optic communications, fiber optic cables that are not yet put in service by a provider or carrier, are termed as dark fiber or unlit fiber. Network communications and telecom usually use the network, and currently, there are lots of dark fiber cables across the globe. In regular fiber networks, information is sent through the cables in light pulses. Whereas, dark fiber networks are known to be ‘dark’ as no light or data is transmitted from them.

Dark fiber networks can be installed and set up using point-to-multipoint or point-to-point configurations. Dense Wavelength Division Multiplexing (DWDM) is an essential factor for the improvement and development of dark fiber networks. DWDM occurs when many data signals are transmitted using the same optical fiber at the same time. Although these signals are transmitted around the same time, they are transmitted at separate and unique wavelengths to keep these data signals separate. The significant benefits of DWDM include an increase in bandwidth of the optical fiber, high-quality internet performance, lightning-fast internet, and a secure and powerful network.

Dark fiber networks are not just used for business purposes but can be installed beneath land and oceans. Some of the interesting use cases of dark fiber include earthquake research and monitoring permafrost. Amongst many advantages, some of the disadvantages of the dark fiber network include high initial cost and loss of time in setting up your infrastructure, and high repairing and maintenance costs. Similarly, large dark fiber networks are currently available in metropolitan cities only and are yet to become available in small cities and towns.

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Dark Fiber Network Market Report

Dark Fiber Network Market Report Highlights

• The significant benefits of DWDM include an increase in bandwidth of the optical fiber, high-quality internet performance, lightning-fast internet, and secure and powerful network
• Telecommunication is anticipated to present promising growth prospects due to the growing adoption of the 5G technology in communication and data transmission services
• Medical and military and aerospace application segments are poised to witness significant growth, attributed to the increasing adoption of optic technology devices
• Asia Pacific is expected to witness the fastest growth owing to technological advancements and large-scale adoption of the technology in the IT and telecommunication and administrative sectors
• The key market players include AT&T, Inc.; Colt Group SA; Comcast Corporation; Consolidated Communications; Interoute Communications Ltd.; Level 3 Communications, Inc. (CenturyLink, Inc.); NTT Communications; and Verizon Communications, Inc.
• The report provides lease pricing estimations for the year 2020 for both metro and non-metro regions for prominent countries. These price estimations are provided for various dark fiber distance brackets

5G Infrastructure Market Worth $80.5 Billion By 2028 | CAGR: 49.8%

 

5G Infrastructure Market Growth & Trends

The global 5G Infrastructure market size is expected to reach USD 80.5 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 49.8% from 2021 to 2028. The significant investments by communication service providers to deploy 5G infrastructure across the globe to provide improved data services are estimated to drive the market. Additionally, robust innovation in next-generation 5G network equipment and deployment module will help in bringing down the overall deployment costs for service providers. As a result, it is estimated to boost the deployment of 5G infrastructure over the forecast period.

Significantly growing demand for high bandwidth connectivity for several use cases, such as accessing ultra-high definition (UHD) videos, cloud-based AR/VR gaming, and HD video meetings, is expected to boost the market growth during the forecast period. Moreover, a wide range of industries including manufacturing, oil and gas, mining, and energy and utility are investing a massive amount in deploying 5G networks. The 5G network helps industrial facilities to enhance their overall productivity and operational efficiency. Thus, the growing need for high bandwidth capacity to establish unified connectivity to millions of Industrial IoT (IIoT) devices is expected to foster market growth from 2020 to 2027.

With the emergence of 5G technology, the transportation and logistics industry is shifting towards a significant transformation in order to build an autonomous ecosystem. Moreover, the deployment of a 5G network will help in delivering seamless data speed for various transport applications, including ships and ports, Vehicle-to-Everything (V2X), and drone connectivity. Moreover, a notable demand for high-speed bandwidth capacity for emergency healthcare applications, such as remote patient surgeries, is estimated to strengthen the market growth from 2020 to 2027. Besides, robust demand for 5G data services in rapidly building several smart cities for energy management and cloud storage applications is further anticipated to expand the market growth.

The ongoing pandemic of COVID-19 has shown an adverse impact on the market for the 5G infrastructure. Several telecom equipment manufacturers across the globe have temporarily halted the production and export of 5G equipment. Additionally, federal governments across key countries such as the U.S., France, the U.K., and Australia have temporarily postponed the 5G spectrum auctions in their countries. Further, the escalating trade war between the two largest economies, coupled with the rising security concerns, is estimated to hinder the market growth.

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5G Infrastructure Market Report

5G Infrastructure Market Report Highlights

• Based on component, in the hardware segment, RAN held the largest share of 46.3% in 2019 owing to a significant rise in investments in deploying 5G cloud or centralized RAN across key countries, such as the U.S., the U.K., Japan, and China
• With the growing need to provide unified connectivity to several industrial sensors and collaborative robots, the industrial vertical segment is anticipated to witness considerable growth over the forecast period
• Robust investments in installing a 5G standalone network to deliver ultra-reliable low latency connectivity for connected vehicle applications are estimated to surge the growth of the standalone network architecture segment over the forecast period
• By spectrum, the sub-6 GHz segment held the dominant share of 94.7% in 2019, which is attributed to the high focus on releasing sub-6 GHz frequency bands by federal governments initially across key countries to deliver high-speed data services
• Leading players such as Telefonaktiebolaget LM Ericsson and Nokia Corporation are highly focused on establishing partnerships with leading service providers to enhance their geographical presence and overall market share

U.S. HVAC Systems Market Worth $23.78 Billion By 2028 | CAGR: 6.0%

 

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

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

Semi-trailer Market Size Worth $29.36 Billion By 2028 | CAGR: 5.8%

 

Semi-trailer Market Growth & Trends

The global semi-trailer market size is anticipated to reach USD 29.36 billion by 2028, expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Increasing demand across the construction, defense, automotive, and energy sectors is anticipated to be a key factor driving market growth. In addition, increasing dependence of e-commerce companies on third-party logistics (3PL) providers to ensure transportation of goods through hub and spoke distribution model is also expected to augment market growth in the coming years.

Furthermore, expanding cold chain and logistics industry is contributing significantly to the market growth. Less than truckload (LTL) and full truckload (FTL) freight shipping companies worldwide are increasingly adopting semi-trailers due to the versatility being offered in terms of load-carrying capacity. As compared to rigid trucks, semi-trailers offer the lowest cost of transportation per ton per km, which is further enhancing its adoption.

Over the last few years, the product demand has witnessed strong growth on account of positive growth observed in the oil & gas industry. In the coming years, the market is poised to register steady growth due to relaxation of regulations with respect to length and load-carrying capacity of semi-trailers. Government regulations supporting the introduction of lightweight and eco-friendly transport vehicles are expected to shape the future market demand. However, lack of proper infrastructure required for transportation, especially in emerging economies is hampering the semi-trailer market growth.

Manufacturers are increasingly incorporating advanced technologies such as driver assistance systems (DAS) and other connectivity solutions into their products to help their consumers (fleet operators/logistics service providers) enhance operational efficiency. Furthermore, growing preference for platooning and introduction of electric semi-trailer trucks are expected to create huge opportunities for the manufacturers in the coming years. Manufacturers are increasingly focusing on introducing lightweight transport vehicles through improved designs and lighter components to ensure greater productivity and payload.

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Semi-trailer Market Report

Semi-trailer Market Report Highlights

• The dry vans segment is expected to witness a revenue-based CAGR of more than 4.0% due to growth in the retail and fast-moving consumable goods (FMCG) industry, especially in the developing economies
• The Asia Pacific market is expected to witness substantial growth owing to improving road infrastructure and anticipated growth in the automobile industry. Automotive companies are manufacturing many cars and two-wheelers which are being transported through semi-trailers to end-consumers
• The market is highly consolidated with the presence of established players such as Wabash National Corporation, Schmitz Cargobull, Great Dane, and Kogel Trailer GmbH
• Players are focusing on R&D investments, acquisitions and mergers, and product innovation in order to strengthen their market presence. For instance, in 2017 Wabash National Corporation entered into a definitive agreement to acquire Supreme Industries, Inc. to enhance its market presence in dry vans.

Yacht Market Size Worth $12.16 Billion By 2028 | CAGR: 5.2%

 

Yacht Market Growth & Trends

The global yacht market size is expected to reach USD 12.16 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. The market is expected to witness significant growth owing to the increasing coastal and marine tourism activities across the globe. Furthermore, the rising standard of living and growing corporate tourism activities across the globe are expected to further drive the market.

The sports segment is expected to exhibit high growth owing to its use in personal activities as well as sports events. The increasing number of recreational sporting events, yacht trade shows, and events organized by OEMs are supporting the growth of the market in developed regions such as North America and Europe. A significant increase in the number of people participating year-on-year in marine recreational activities is also expected to further boost the market growth in these regions. Moreover, rising marine tourism and the growing population of high-net-worth individuals are also likely to contribute to the growth of the regional markets.

According to the World Bank, High-Net-Worth Individuals (HNWI) account for less than 1% of the world’s total population and more than 40% of the world’s total wealth. The growing HNWI population is driving the spending on leisure activities, including yacht travels. The demand for modern leisure yachts is particularly growing as it provides a connected experience while cruising, fishing, and so on.

The increasing adoption rate has compelled manufacturers to invest in research and development on building yachts using high-strength composite material for physical structures. Significant amounts of R&D budgets are also assigned for the integration of technologies such as IoT that enable the exchange of information through a single network. Furthermore, the digitalization of propulsion systems has also significantly increased the efficiency of yachts, thus reducing fuel consumption.

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Yacht Market Report

Yacht Market Report Highlights

• The market is anticipated to experience a substantial CAGR of 5.2% on account of the growing emphasis on marine tourism
• The sports yacht segment is anticipated to register the highest CAGR over the forecast period owing to its increasing adoption in personal as well as sports applications
• The 20-to-50-meter length segment is expected to witness higher growth owing to the low operational cost, maintenance, and fuel consumption of yachts of this length size
• Asia Pacific is anticipated to register the highest CAGR over the forecast period owing to various initiatives undertaken by the government to boost marine tourism and the rising disposable income of individuals
• The novel coronavirus severely impacted the market during the initial months of the pandemic as governments imposed strict lockdowns across various regions globally
• The market is oligopolistic and is dominated by key players, such as Azimut Benetti S.p.A., Damen Shipyards Group, Heesen Group, The San Lorenzo S.p.a., Sunseeker International, Ferretti S.p.A., Alexander Marine International Co., Ltd. (AMI), and Princess Yachts Limited

Volumetric Display Market Size Worth $1.05 Billion By 2028

 

Volumetric Display Market Growth & Trends

The global volumetric display market size is expected to reach USD 1.05 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 25.8% from 2021 to 2028. Several in-built features such as visualization of holographic aerial images in free space, 360-degree spherical viewing angle, autostereoscopic capabilities, and motion-based depth cues are likely to drive the market over the forecast period.

Volumetric displays are widely preferred across several industries such as military and defense, healthcare, media, communication, entertainment, and aerospace owing to their built-in features. Massive investments in R&D by prominent market players such as LightSpace Technologies Inc. are estimated to create a significant opportunity for players to gain a substantial market share over the coming years. Moreover, these investments are majorly focused on improving overall in-built features of volumetric displays, which will cater to growing consumer demand for enhanced visual experiences during gaming and other applications. Robust deployment of 5G network infrastructure is further anticipated to spur the adoption of volumetric displays to provide seamless connectivity and enhanced experience to customers during video calls.

Advances in medical imaging technologies for more accurate diagnosis is expected to offer avenues for the market from 2019 to 2025. Use of volumetric displays in medical imaging applications to create real-time visualization of medical images enables a comprehensive acceptance of the technology across the industry. These are also used in several defense applications, such as visual representation of data related to situational awareness across the sea, space, land, and cyber space during simulation and training. Rapidly increasing defense spending for technological advancements in key countries such as U.S. and China, is also expected to propel the market growth over the forecast period.

However, the technology has not yet reached maturity. Thus, it offers considerable potential and scope for further development and innovation in order to be accepted and adopted by consumers on a much larger scale. Industry players have been focusing on organic growth strategies such as R&D investments, collaborations, and value-added features to expand their overall product portfolios. These strategies help players gain a larger share in the market. Thus, key market players such as Voxon Photonics are actively investing in increasing production to fulfill the demand among consumers for various applications such as advertisement and marketing as well as education and design.

Additionally, key market players are focusing on establishing partnerships and agreements with investors in order to raise funding to expand their market presence. However, high manufacturing costs owing to the intricate design of the product is expected to hinder the overall market growth in the coming years.

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Volumetric Display Market Report

Volumetric Display Market Report Highlights

• By type, the static volume segment captured the major market share in 2018 owing to its features such as aerial images in free space, 360-degree spherical viewing angle, and motion-based depth cues
• The swept volume segment is expected to witness rapid growth owing to significant investments by market players to develop advanced products within this category
• In 2018, the medical segment attained a market size of around USD 50.0 million and is estimated to register substantial growth owing to increasing adoption of this technology in healthcare for viewing 3D imaging by extracting stored data from Magnetic resonance imaging (MRI), Computed tomography (CT), and other systems
• North America accounted for the largest share in the global volumetric display market and is anticipated to exhibit the highest CAGR of more than 30.0% over the forecast period. The growth is due to rapidly increasing defense and healthcare spending to deploy modern technologies to obtain improved visualization during critical situations
• Companies are aggressively investing in R&D to develop new products with enhanced features to strengthen their market position and enhance their product portfolio
• Key players in the market include Lightspace Technologies Inc.; Voxon Photonics Pty Ltd.; The Coretec Group Inc.; and Holoxica Ltd.

Single-cell Analysis Market Worth $6.7 Billion By 2028 | CAGR: 15.0%

 

Single-cell Analysis Market Growth & Trends

The global single-cell analysis market size is expected to reach USD 6.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.0% from 2021 to 2028. Expeditious technological advancements over the years have enabled a comprehensive analysis of transcriptome and genome in an individual cell.

Single-cell technology helps in assessing cellular heterogeneity and aids in the analysis of pathways and processes at the molecular level. This technology is evolving at a rapid pace with applications in oncology, immunology, and others. Moreover, the introduction of advanced devices that simplify transcriptomic and proteomics procedures is driving the market.

Advances in single-cell RNA sequencing (scRNAseq) allow researchers to thoroughly investigate unexplored rare cell types. The development of the microfluidics method has significantly broadened the implementation of single-cell genomic/transcriptomic analysis in the biomedical field. A substantial number of microfluidic devices have been modified for cell dissociation and tissue digestion.

The increasing number of research publications is representative of the increasing investment flow in R&D in this market. As the R&D activities are the base of innovation, these investments signify a healthy growth possibility for this market. Moreover, researchers are engaged in assessing spatial heterogeneity in gene expression profiles at a single cellular level; thus, are anticipated to boost the uptake of consumables and instruments for the analysis.

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Single-cell Analysis Market Report

Single-cell Analysis Market Report Highlights

• The consumables segment accounted for the largest revenue share due to the high adoption and demand of products offered under this segment
• Given the wide availability of different forms of reagents, this segment is responsible for constant revenue generation
• Owing to the high-end features and the technically advanced analytical options, automated instruments contributed to maximum revenue share
• The oncology segment is majorly benefited by the advancements in single-cell analysis methods
• To avoid risks associated with cancer therapy, single-cell analysis techniques are being heavily adopted for cancer genomics
• There is increasing demand for prenatal diagnosis and non-invasive techniques for the detection of single-gene disorders associated with the fetus
• This has increased the adoption of single-cell analysis for prenatal diagnosis
• Single-cell analysis is being widely employed by various end-users, ranging from academic research institutes to biotechnology and pharmaceutical companies
• Academic and research institutes held a significant share due to wide usage across various studies
• North America dominated the 2020 global market owing to the increasing R&D of robust therapies and disease diagnosis
• Asia-Pacific is projected to witness the fastest CAGR, with India and China at the forefront
• Thermo Fisher Scientific, QIAGEN NV, Illumina Inc., Merck Millipore, BGI, Fluidigm Corporation, and Bio-Rad Laboratories are some prominent entities in this space.
• Companies have focused on the development of new innovative products to gain a competitive advantage

Macadamia Nut Market Size Worth $2.95 Billion By 2028

 

Macadamia Nut Market Growth & Trends

The global macadamia nut market size is expected to reach USD 2.95 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.7% from 2021 to 2028. With the growing importance of healthy eating, the market is growing at a faster rate, and consumers are increasingly adopting nuts as a healthy snack option and incorporating them into their daily meals. Furthermore, organic macadamia is becoming more popular with the increased demand primarily coming from European countries.

Macadamia nuts are an Australian native nut. These nuts are the fruits of the macadamia tree, which can be found in eastern Australia. These lustrous nuts have a leathery outer shell and are around 1 inch in diameter. Macadamia nuts are mostly farmed in Australia, but they are also grown commercially in Hawaii and, to a lesser extent, Florida and California.

While macadamia nuts are native to Australia and are farmed there, commercial production is concentrated in Hawaii. Macadamia trees can be found in California and Florida for the continental United States, and in several nations in Latin America, Africa, and Asia. The highest quality macadamia kernels are not only free of defects or insect and fungal damage but also contain at least 72 percent oil. The kernels with less than 72 percent oil are usually immature and harder and become over-brown when roasted.

While the product is often utilized as an ingredient in Australia, the United States, and Japan, macadamia nuts are still mostly eaten as a snack in Europe (usually roasted and salted). However, as the global supply grows, so does interest in many European businesses, with macadamia nuts increasingly being utilized in the manufacturing of butter, chocolate coating, and as a confectionery ingredient.

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Macadamia Nut Market Report

Macadamia Nut Market Report Highlights

• Based on processing, the conventional segment accounted for the largest share of 80.4% in 2020. Conventional macadamia nuts are budget-friendly for consumers and much more readily available in comparison to their organic counterparts
• The offline distribution channel segment accounted for the largest share of 80.4% in 2020. The growth of this channel can be attributed to super markets’ home delivery and click-and-collect services, which are luring customers to this channel
• Asia Pacific captured the largest share of 43.6% in 2020. This can be credited to the growing awareness of diets rich in nutrients and protein, along with the increasing inclusion of tree nuts in diets across the region

Chocolate Market Size Worth $187.08 Billion By 2027 | CAGR: 4.6%

 

Chocolate Market Growth & Trends

The global chocolate market size is expected to reach USD 187.08 billion by 2027, expanding at a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness about health benefits of chocolate among consumers as a result of increased number of advertising campaigns on social websites and satellite television channels is expected to have a positive impact on the market growth. Chocolates are associated as the token of appreciation, love, happiness, and celebration owing to which increasing number of consumers are gifting such confectioneries on special occasions, including Thanksgiving, Easter, and Christmas.

Fluctuating price of raw material is a key factor influencing the cost of production of the chocolate industry, thereby influencing the profitability of the manufacturers. The cocoa plantation requires specific weather conditions. Cocoa is a sensitive plant that grows in the tropical climate and needs proper vegetation shades to yield better quality seeds owing to which its planation is concentrated in West Africa.

Traditional chocolate held the largest share of 99.4% in 2019. Artificial products are expected to expand at the highest CAGR of 11.9% from 2020 to 2027. Carob bars are similar to chocolate bars in terms of the number of calories, fat, cholesterol, and carbohydrates. The absence of caffeine is a factor that makes it different from cocoa, which makes it suitable for people sensitive or intolerant to caffeine. Carob is also naturally sweet and hence requires a low amount of sugar for preparing the final product.

Europe held a leading share of 39.8% in 2019. Growing consumption of dark chocolate owing to associated health benefits is a main factor fueling the chocolate market growth in the region. Middle East and Africa is expected to witness the fastest growth owing to increasing number of specialty retail stores in countries, such as UAE and South Africa.

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Chocolate Market Report

Chocolate Market Report Highlights

• By product, the artificial segment is expected to expand at the highest CAGR of 11.9% from 2020 to 2027. Growing importance of carob as a healthy alternative to cocoa-based chocolate is expected to remain a key factor for the segment growth over the next few years
• In terms of distribution channel, the supermarket and hypermarket segment accounted for the largest share of more than 65% in 2019. This is attributed to high product visibility, coupled with, increasing number of department and specialty stores in emerging economies, such as China and India
• Online distribution channel is expected to register the fastest CAGR of 5.6% from 2020 to 2027. This is attributed to increased importance of such channels for providing extra-convenience features, including doorstep delivery and coupon benefits
• Europe held the largest share of 39.8% in 2019. Growing popularity of dark chocolate among consumers in developed countries, including Germany, U.K., and France, is expected to be a major factor contributing to the regional market growth.