Lighting Fixture Market Worth $140.76 Billion By 2027

The global lighting fixture market size is expected to reach USD 140.76 billion by 2027, expanding at a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. Rapidly growing demand for energy-efficient products in the residential and commercial sectors is majorly driving the market for light fixture. Furthermore, introduction of technologically advanced lightings, such as smart lighting, will impel the growth of this market over the forecast period.

Light fixtures are used for the commercial and residential purposes to cut down energy waste and increase the lifespan of bulb. Several initiatives taken by the government to reduce energy consumption will create potential opportunities for the lighting fixture market. For instance, the governments of India and Japan have planned to phase out incandescent bulbs by 2020 as incandescent bulbs consume 80% more energy than LED bulbs. In 2012, the European Union directive banned the sales of 40W and 25W incandescent bulbs to reduce the energy use by bulbs.

Rapid growth of the commercial sector across developing countries is impelling the demand for luminaires. Other factors promoting the growth of this market are growing awareness regarding energy conservation, regulations directed at energy-efficient products, and introduction of technologically advanced lighting. The government bodies are imposing regulatory pressure on the commercial and industrial sectors to adopt light fixture as these sectors consume more power. In 2019, the U.S. government banned the sale of bulbs that do not reach a standard of efficiency. Moreover, growing need to raise employee productivity and reduce production cost are increasing the adoption of light fixture in these sectors.

Rapid urbanization across the globe, especially in emerging countries such as China, India, and Brazil, is leading to increased demand for advanced lighting devices in the hospitality sector. Increasing development of restaurants, bars, and high-class facilities in hotels is boosting the demand for high quality lamp and luminaires. Rising disposable income of the middle-class consumers is driving the luxurious landscape, thus resulting in increased demand for energy-efficient solutions in malls, shops, and restaurants. However, voltage sensitivity and temperature dependence are expected to hamper the growth of this market to some extent. Moreover, high cost of LED light fixtures may hinder the market growth in the coming years.

Nonetheless, increasing sustainability and green building initiatives due to environmental concerns and penetration of smart technology will drive the adoption of luminaires in the forthcoming years. Greater lifespan, high luminous efficacy, and decreasing average selling price will positively affect the market growth.

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Lighting Fixture Market Report Highlights

• The LED and OLED source segment is expected to register the highest CAGR of 6.1% over the forecast period due to adoption of highly energy-efficient luminaires and introduction of smart lighting fixtures for residential and commercial purposes
• The commercial application segment held the largest share of 84.9% in 2019 due to rising adoption of luminaires in shopping malls, offices, warehouses, hospitals, and shops, coupled with advantages of using advanced bulbs
• Asia Pacific dominated the lighting fixture industry in 2019 and it is likely to witness the fastest growth over the forecast period owing to several government initiatives directed at energy-efficient products
• The market is highly competitive with a few players accounting for a significant market share, wherein wide distribution network, brand value, and well-established consumer base help in sustaining growth.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Flavored Yogurt Market Size Is Projected To Reach $59.2 Billion By 2027

The global flavored yogurt market size is expected to reach USD 59.2 billion by 2027, expanding at a CAGR of 6.9% in the forecast period, according to a new report by Grand View Research, Inc. The market is driven by the changing dietary habits and increasing health awareness among consumers. The consumption of the flavored yogurt has been on the rise in the recent past years owing to the factor such as increasing disposable income of middle-age group. Growing popularity of flavored yogurt as dessert option which acts as a ready to eat food item and a rising demand from developing countries are considered to be major factors fueling the growth in the market. The flavored yogurts can be classified into drinkable and spoonful ranges wherein fruit flavored yogurts such as strawberry, blueberry, raspberry are possessing high competition to the ice-creams or desserts. Health issues such as high calorie, fat can be resolved by the low-fat flavored yogurts as a good alternative option for ice-creams and desserts.

Strawberry accounts for the majority of share in the segmentation based on flavor. It accounted for more than 33.0% of the market share in 2019 and is witnessing a significant growth over the period of time. Increasing consumer’s affinity for fruit flavored yogurt is led by the berry fruits such as strawberry, blueberry, and raspberry. These fruits flavored yogurt possesses health-related attributes like light and fat-free elements, which is expected to drive the overall market.

Supermarkets is found to be the market dominator in the segment based on distribution channel and accounts for more than 45.0% of the market share in 2019. With larger access to customer base, major players focus on retailing their food items through supermarkets. The convenience stores segment is also expected to have significant market growth in the forecast period. The segment is mainly driven by the convenient shops and grocery shops where dairy products are easily available in variety of flavors. The online segment is also expected to grow moderately during the forecast period. According to American Pantry Study in 2015, 37.0% consumers use their mobile for shopping. This, in turn, will influence the growth of the overall flavored yogurt market.

Europe held the leading market share of more than 30.0% in 2019. The rapid changes in dietary habits along with increase in disposable income is among the prominent factor for the region to dominate. Asia pacific is found to be the fastest growing region and is witnessing a significant CAGR of more than 7.8% CAGR in the forecast period. The growing popularity of the flavored yogurt and shift in consumer behaviors style with dietary habits and willingness to spend more for high quality product is impacting the market to grow faster in the forecast period.

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Further key finding from the report suggest:

• In terms of revenue, the strawberry segment is projected to ascend at a CAGR of 7.6% over the forecast years
• The convenience stores segment accounts for more than 30.0% flavored yogurt market share in 2019
• Europe is one of the fastest growing regions and it is growing at a significant 7.0% CAGR due to growing popularity of flavoured yogurt, Greek yogurt as a diet food item, and increasing disposable income especially in France and Germany.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Increasing Demand For Healthy Snacks And Better-For-You Foods Has Been Boosting The Seaweed Snacks Market Growth

The global seaweed snacks market size is expected to reach USD 3.36 billion by 2027 registering a CAGR of 10.8%, according to a new report by Grand View Research, Inc. The increasing demand for healthy snacks and better-for-you foods has been boosting the market growth. Seaweed is a rich source of vitamins, minerals, antioxidants, fiber, protein, iodine, amino acid, folic acid, calcium, omega-3 fatty acid, and potassium. These nutritional contents of seaweed products offer several health benefits, such as improved function of thyroid gland, enhanced gut health, and decreased cholesterol level. Furthermore, these products are naturally free from gluten, GMOs, and allergens, which also drives their demand. The strips & chips product segment dominated the market accounting for more than 50% share of the global revenue in 2019.

Nori strips and dried or roasted seaweed strips are the most common products in the market. These low-calorie and nutritious strips have become a healthy alternative to the high-calorie chips. Furthermore, the launch of various flavors, such as Korean BBQ, wasabi, sweet onion, teriyaki, and chili lime, is expected to expand the consumer base of the market in the upcoming years. Asia Pacific held the largest market share of over 50% in 2019 and will retain its dominant position throughout the forecast period as seaweed is one of the staple foods of Asian countries including China, South Korea, and Japan. However, North America is expected to register the fastest CAGR over the forecast period due to high product demand as a result of rising health concerns.

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Seaweed Snacks Market Report Highlights

• North America is expected to register the fastest growth with a CAGR of 11.3% from 2020 to 2027 owing to the rising health concerns
• The strips & chips product segment led the global market in 2019 and held over 50% of the global revenue share
• Asia Pacific is estimated to be the largest regional market by 2027 due to the wide availability of raw materials
• The online distribution channel segment is expected to register the fastest CAGR from 2020 to 2027 due to the increasing adoption of e-commerce across the globe

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Natural Hair Care Product Market Driven By Rising Awareness Related To The Benefits Of Natural Hair Care Products

The global natural hair care product market size is anticipated to reach USD 12.66 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% from 2020 to 2027. Growing concerns related to hair issues, such as hair fall, dandruff, dull hair, and split ends, and acceptance of natural hair care products because of their naturally hydrating, protecting, and strengthening properties, have been some of the crucial factors driving the market.

Millennials who are among the prominent consumers of natural cosmetics and personal care products have been surging the demand for natural hair care products. These consumers take a holistic approach to the ingredients when it comes to choosing personal care products and opting for naturally derived ingredients.

Additionally, customized solutions offering and new product launches in the market place are expected to boost the product demand. For instance, Persé Beauty INC. brand Prose provides customized product selection criteria to consumers by asking questions related to hair type and hair care habits to every individual as it believes that every individual has different hair needs and requires consultation for the same. It offers customized shampoo, hair oil, and conditioner.

The COVID-19 (coronavirus) outbreak is likely to reduce the demand for natural hair care products across the globe. Consumers have become more conscious of their spending habits and they tend to avoid buying premium products, such as organic and natural products, which is a major challenge for the market. It is also expected that customers would avoid visiting retail stores and brick and mortar stores post-pandemic as they are conscious about their health and avoid going to crowded places. This might impact the sales of cosmetic products, including natural hair care products.

The women end-user segment led the market and accounted for 72.6% share of the global revenue in 2019. Increasing participation of women in buying natural hair care products because of strict hair care routines and concerns related to dull hair, coloring, and damaged hair is a key factor fueling segment growth. Novel innovations are expected to attract new consumers in this segment. For instance, in May 2019, Kocostar, a South Korean beauty skincare brand, launched Luster hair Capsules containing natural essential oils for damaged hair.

Offline distribution channels dominated the market and accounted for 79.1% share of the global revenue in 2019. Many retail stores offer a facility to provide all types of cosmetic and beauty related products at the same place with considerable discount and seasonal offers. This is a crucial reason fueling the segment growth. For instance, in 2017, Target's offline store added a separate section for natural beauty and personal care products, such as skin care, hair care, and cosmetics range.

The online distribution channel is expected to witness the fastest growth over the forecast period. The rising popularity of e-commerce channels among the manufacturers and high consumer penetration has been driving the sale through this channel. In addition, an increasing number of natural products private sales websites, such as nykaa.com, mamaearth.com, and wowshampoo.com, has been boosting the segment growth.

Europe dominated the market for natural hair care products and accounted for 38.2% share of the global revenue in 2019. The growth of the regional market is powered by the strong presence of beauty and cosmetic manufacturers in the region. In addition, increased product scrutiny and standardization have been increasing the consumer confidence to try out new products. There are close to different 25 certifications in Europe, including NATRUE and COSMOS, which a company needs to have suited their product categories. This is expected to drive demand and gain traction among consumers.

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Natural Hair Care Product Market Report Highlights

• By end-use, the women segment led the market and accounted for 72.6% share of the global revenue in 2019. The rising importance of natural hair care product purchasing and increasing per capita income of women workforce are the key factors fueling the growth for this segment
• The online distribution channel is expected to emerge as the fastest distribution channel in the forecast period. The increasing availability of a wide range of natural hair care products of different brands, free delivery, and seasonal discount on e-retailer platforms are among the major reasons driving the segment
• Asia Pacific is the fastest growing regional market with a CAGR of 5.0% from 2020 to 2027. Growing preference for natural hair care products among millennials and increasing disposable income have been boosting the number of first-time buyers, which is expected to drive the market in the region.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Packaged Sunflower Seeds Market Size Worth $1.76 Billion By 2027

The global packaged sunflower seeds market size is expected to reach USD 1.76 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% from 2020 to 2027. The growing demand for ready-to-eat foods and shifting preference towards healthy snacks have been driving the market. Such products have been gaining traction among sportsmen, especially baseball players, as an alternative to chewing tobacco. Packaged sunflower seeds are expected to gain traction as a functional snack in the upcoming years due to their high nutritional value.

The product has a high nutritional value, which is beneficial for human health. It contains antioxidants, vitamin B1, vitamin E, healthy fats, electrolytes, and fibers. These nutritional values of the product help in boosting heart health, treating diabetes, decreasing inflammation, preventing specific cancers, reducing cholesterol, preventing osteoarthritis and atherosclerosis, and increasing energy. Additionally, the magnesium present in these seeds helps in relieving migraine, headaches, and hypertension. Moreover, in the U.S., the product has gained traction among baseball players as an alternative to chewing tobacco.

Salted products held the largest share of more than 35.0% in 2019. However, the demand for innovative flavored products is growing significantly worldwide with the rising introduction of assortment flavors in the market. Ranch, BBQ, dill pickle, cracked pepper, honey, and mustard are popular flavors of the product.

Europe dominated the market in 2019 with more than 40.0% share of the global revenue. The product has been consumed in the region for centuries as a snack food item. More than half of the consumers in Spain buy the product and the majority of them prefer roasted products. Additionally, Europe is the largest producer of sunflower seeds in the world. Ukraine, Russia, Bulgaria, and Turkey are the top producers in the region.

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Packaged Sunflower Seeds Market Report Highlights

• Asia Pacific is expected to register the fastest CAGR of 8.4% from 2020 to 2027 owing to the increasing demand for healthy snacks among the consumers in emerging economies, including China and India
• In terms of product, the salted segment held the largest share of more than 35.0% in 2019. The strong popularity of on-the-go snacking options among buyers is expected to remain a favorable factor for the segment growth
• The online distribution channel segment is expected to expand at the fastest CAGR of 7.7% from 2020 to 2027 due to the increasing adoption of e-commerce across the world.

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About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Zero Waste Shampoo Market Size, Share, Future Growth Insights

The global zero waste shampoo market size is expected to reach USD 165.36 million by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.18% during the forecast period. Rising adoption of zero-waste lifestyle and consciousness regarding waste management is driving the product demand. Rising awareness regarding animal cruelty and adoption of reduce, recycle, and reuse ideology by manufacturers is anticipated to further drive the growth.

Zero waste shampoos are made of organic and natural ingredients. Most of these products are 100% biodegradable and vegan and packaged using recyclable and eco-friendly materials, making them less harmful to the skin as well as the environment. This makes zero waste shampoos plastic-free, sustainable, and safe for the oceans. Rising consumer awareness about the availability of these products along with eco-friendly initiatives by various organizations are projected to propel the global market growth.

The shampoo bar product segment held the largest share of the zero waste shampoo market. This product is made using natural ingredients that are gentle on skin and hair. It also lathers better as compared to the liquid shampoo and provides smoothness and conditioning to the hair. The plastic free packaging of these bars is also anticipated to drive the product demand. Rising product launches along with demand for vegan products in Asia Pacific has resulted in increased product sales.

The market has limited competition due to the presence of a large number of small manufacturers. Adoption of business strategies such as geographical expansion, product launches, and product innovations are anticipated to create growth opportunities for the market players. Some of the leading companies in this market are Lush Retail Limited; Ethique Beauty Ltd.; J.R. Liggett, Ltd.; Beauty and the Bees; Plaine Products, LLC; Oregon Soap Company; The Refill Shoppe, Inc.; Rocky Mountain Soap Company; and Biome Living Pty. Ltd. For instance, the zero waste shampoo and conditioner brand Ethique Beauty Ltd. was launched in U.K. in April 2019.

Full Research Report On Zero Waste Shampoo Market Visit Here: https://www.grandviewresearch.com/industry-analysis/zero-waste-shampoo-market

Further key findings from the report suggest:

• In terms of revenue, shampoo bar segment is projected to ascend at a CAGR of 6.86% over the forecast period
• Offline distribution channel segment held the leading market share of over 79% in 2018
• North America led the global zero waste shampoo market in 2018 with a 44.11% revenue share

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Demand For Non-Sugary, Non-Caffeinated Drinks Will Fuel The Organic Beverages Market Growth

The global organic beverages market size is estimated to reach at USD 47.78 billion by 2025 expanding at a CAGR of 13.0%, according to a new report by Grand View Research, Inc. High product demand across the globe and rising disposable income levels in developing economies are some of the major factors boosting the growth of the market. Demand for non-sugary, non-caffeinated drinks will also fuel the product demand over the coming years.

Availability of products with new flavors and ingredients like turmeric, aloe Vera, and activated charcoal in attractive easy-to-carry & -store packaging will also fuel the demand. Non-dairy beverages product segment accounted for the largest market share in the year 2018. Non-dairy drinks are prepared from sources like legumes, plant materials, nuts, and cereals and hence act as functional drinks. Organic beverages are also used as substitute for milk.

Coffee and tea product segment is projected to register the fastest CAGR of 13.8% during the forecasted period. Factors, such as increasing health awareness, preference for organic and natural drinks, and changing lifestyles, are boosting the segment growth. Led by U.S., North America was the largest regional market in the year 2018 owing to presence of target population. The regional market is projected to expand further at a steady CAGR from 2019 to 2025 due to rising number of cafes and food chains in U.S.

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Organic Beverages Market Report Highlights

• The non-dairy product segment is projected to account for the largest share of the global organic beverage market by 2025
• Offline distribution channel led the market in 2018. However, the online segment will register the maximum growth rate over the forecast years
• Asia Pacific is estimated to be the fastest-growing regional market at a CAGR of 17.6% during the forecast period
• This growth is attributed to rapid urbanization, rising disposable income levels, and establishments of various international retail stores in the emerging countries like China and India
• U.S., Germany, China, Brazil, and South Africa are the major countries with lucrative growth opportunities for the market in their respective regions

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Carob Powder Market Future Growth & Latest 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 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.

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Carob Powder Market Segmentation

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

Carob Powder Product Outlook (Revenue, USD’000, 2016 - 2027)

• Natural
• Organic

Carob Powder Application Outlook (Revenue, USD’000, 2016 - 2027)

• B2B
• Bakery
• Confectionery
• Others
• B2C

Carob Powder Regional Outlook (Revenue, USD’000, 2016 - 2027)

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

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Vegan Sauces, Dressings & Spreads Market Size, Share, Future Growth

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.

Full Research Report On Vegan Sauces, Dressings & Spreads Market Visit Here: https://www.grandviewresearch.com/industry-analysis/vegan-sauces-dressings-spread-market

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.

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Vegan Sauces, Dressings & Spreads Market Segmentation

Grand View Research has segmented the global vegan sauces, dressings and spreads market on the basis of product, distribution channel, and region:

Vegan Sauces, Dressings & Spreads Product Outlook (Revenue, USD Million, 2016 - 2027)

• Sauces
• Dressings
• Spreads

Vegan Sauces, Dressings & Spreads Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Offline

Vegan Sauces, Dressings & Spreads Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Spain
• Asia Pacific
• Australia
• Central & South America
• Middle East & Africa

List of Key Players of Vegan Sauces, Dressings & Spreads Market

• Follow Your Heart
• Daiya Foods Inc.
• Meridian Foods Limited
• Amy's Kitchen, Inc.
• B&G Foods, Inc.
• Litehouse, Inc.
• Red Duck Foods, Inc.
• Majestic Garlic
• Bear Pond Farm
• KENSINGTON & SONS

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Janitorial Service Market Growth & Trends

The global janitorial service market size is anticipated to reach USD 322.95 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.1% from 2020 to 2027. The growing commercial sector and reduction in office vacancy rates are acting as major drivers for the market. Increasing the reach of international companies in developing countries is also creating demand for janitorial services.

As per the CBRE MarketFlash report, the vacancy rate in the U.S. in quarter 1 of 2018 was 13% and in 2020, it was 12.3%, resulting in a decline in the vacancy rate. Moreover, the vacancy rate in quarter 1 of 2010 was over 17%. This aforementioned factor is acting as a major driver for the rise in demand for janitorial services.

Consumers prefer outsourcing janitorial services owing to cost-effectiveness and ease of management. According to the ‘Cleaning Costs and Frequencies Report’ published by Contracting Profits, Facility Cleaning Decisions, and BSCAI, 65% of multi-tenant offices, 80% of K-12 schools, 85% of colleges/universities, and 90% of hospitals all have floors mopped daily or multiple times a day. This aforementioned factor is driving demand for janitorial services.

In terms of application, the commercial segment held the largest share of 90.3% in 2019. The growing commercial sector, coupled with rising workplace wellness, is acting as a driver for higher demand in the commercial sector. Increasing demand from office spaces, commercial complex, healthcare institutes, coupled with educational institutes, federal, state, and local government buildings, and not-for-profit organizations, is fueling the growth of the commercial segment.

In Japan, the prime Grade A office market in Tokyo was highly active in 2018 owing to increasing demand from corporates on expectations for the country’s monetary policy to remain accommodative following the upcoming election. The proportion of high-tech companies in Grade A office had increased from 4% in 2013 to 16% in 2018. In order to maintain the office premises and get this done at a minimum time limit, consumers prefer skillful janitorial services.

The standard cleaning segment dominated the market with a revenue-based share of 60.9% in 2019. Every operating workplace, factory, institute, retail establishment, and commercial center opt for standard cleaning. Services in standard cleaning include trash removal, dust and detail, restroom cleaning, and carpet cleaning.

North America dominated the market with a revenue-based share of 27.8% in 2019. The presence of leading corporates and international companies and the growing trend of green product consumption are fueling the demand in the region.

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Janitorial Service Market Report Highlights

• The commercial application segment held the largest share of 90.3% in 2019
• By end-use, the standard cleaning segment was valued at USD 154.02 billion in 2019
• Asia Pacific is expected to witness the fastest growth over the forecast period with a revenue-based CAGR of 4.3% from 2020 to 2027.

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Janitorial Service Market Segmentation

Grand View Research has segmented the global janitorial service market by application, end-use, and region:

Janitorial Service Application Outlook (Revenue, USD Billion, 2016 - 2027)

• Residential
• Commercial

Janitorial Service End-use Outlook (Revenue, USD Billion, 2016 - 2027)

• Standard Cleaning
• Damage Restoration Cleaning
• Exterior Window Cleaning
• Floor Care Services
• Others

Janitorial Service Regional Outlook (Revenue, USD Billion, 2016 - 2027)

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

List of Key Players of Janitorial Service Market

• ABM Industries Inc.
• ServiceMaster Global Holdings, Inc.
• Coverall North America, Inc.
• Jani-King International, Inc.
• Stanley Steemer International, Inc.
• Aeon Delight Co., Ltd.
• CNS Consorzio Nazionale Servizi Soc. Coop.
• ISS World Services A/S
• Mitie Group plc
• WISAG Facility Service Holding GmbH

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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