Vegan Yogurt Market Growth & Trends

The global vegan yogurt market size is expected to reach USD 6.5 billion by 2027, expanding at a CAGR of 18.9%, according to a new report by Grand View Research, Inc. Rising importance of plant-based food in developed economies of North America and Europe as a result of growing popularity of vegan nutrition products among health conscious consumers is expected to be a key driving force. Furthermore, growing concerns regarding lactose intolerance on a global level have paved the way for milk alternatives such as vegan yogurt over the next few years.

Vegan yogurt is sold in various flavors including raspberry, strawberry, blueberry, vanilla, peach, lime, macchiato, salted caramel, lemon, cherry, chocolate, mango, rhubarb, pear, fig, kiwi, blackberry, kiwi, banana, pineapple, acai, apple, cinnamon, maple, chia, granola, pina colada, hibiscus, and date. While a number of flavors are being introduced in the market, the plain version is among the most preferred variants. It offers the option to add toppings like fresh fruits, nuts, or condiments based on personal preferences. Plain yogurt helps in moderating sugar intake depending on the requirements. Manufacturers have been taking these trends into consideration and have been launching products with low-profile flavors. Vegan yogurt with less than five grams of added sugar has been known to be preferred among consumers.

Some companies have been exhibiting a conscious effort to create environment friendly products. In January 2019, Yofix Probiotics Ltd. launched a dairy-free yogurt that is also free from soy, almond, and cashew, all of which require a great amount of water. The production process is designed to ensure zero waste and thus, the raw materials utilized in production remain in the final product. This vegan product is, therefore, environment friendly as well.

The manufacturing process for vegan yogurt has been undergoing rapid technological transformations. Most plant-based yogurts are made using starter culture developed in dairy products. In a research conducted in January 2020 by the Technical University of Denmark in collaboration with Carlsberg, Naturli’, and Novozymes, the researchers discovered that lactic acid bacteria can be used to create starter culture. Another production method used in the industry is the Bio 5 formula. Yofix Probiotics Ltd. uses this method, which lends vegan yogurt the texture and stability of conventional variants.

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Vegan Yogurt Market Report Highlights

• The soy segment accounted for the largest revenue share in 2019 by contributing 47.1% of the global revenue and is expected to maintain the dominance over the forecast period. The dominance is attributed to the lower cost of the product in comparison to most available alternatives in the market
• Rice is anticipated to be the fastest growing product segment, witnessing growth at a CAGR of 19.8% from 2020 to 2027. The product has been gaining popularity among customers as rice milk is considered to be the least allergenic milk amongst all the dairy milk alternatives
• The hypermarkets, supermarkets, and convenience stores segment accounted for the largest revenue share in 2019 and is expected to maintain the dominance over the forecast period owing to the availability of large grocery stores chain across the globe with a large customer base
• Europe dominated the market and held a share of 51.3% of the global revenue in 2019. Positive outlook towards plant-based foods in Western European countries including Germany, France, and Italy is expected to have a positive impact on the market.

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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.

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Pet Milk Replacers Market Growth & Trends

The global pet milk replacers market size is expected to reach USD 329.6 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.5% over the forecast period. Rising consumer trend of owning domestic animals, such as dogs and cats, is the key factor for the market growth. Moreover, increasing demand for the nutritious food products is anticipated to offer new avenues for the market over the forecast period.

With changing lifestyle and growing concerns over pet health, consumers have been increasingly spending on high quality food products. Animal owners have been overly concerned about their pets’ health as cats and dogs are more prone to various infections. According to various studies, 37% dogs and 90% cats are more prone to infection in their early stage on account of lack of their mother’s milk or various other reasons.

Domestic animal owners are expected to further breed puppies and kittens and employ the best kind of milk replacers at early stages in order to avoid sickness as well as infections. Puppy and kitten milk replacements include a wide range of supplements that help provide the proper ratio of amino acids to these animals. Most consumers particularly employ the best brands of puppy milk replacers, including Esbilac and Nutri-Vet Milk Replacement.

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Pet Milk Replacers Market Report Highlights

• By pet category, the dogs segment accounted for the largest revenue share of 51.4% in 2019. It is expected to maintain the lead over the forecast period owing to large adoption of puppies by the customers across the globe
• The cats category is anticipated to be the fastest growing segment with a CAGR of 7.8% from 2020 to 2027. This growth is attributed to shifting trend towards ownership of more than one cat in developed economies of Europe and North America
• Based on product, the non-medicated segment accounted for the largest revenue share in 2019 and is expected to maintain the lead over the forecast period owing to large adoption of puppies by the customers across the globe
• The powder form accounted for the largest revenue share in 2019 and is anticipated to maintain its lead over the forecast period. Powder form of the product is widely used by consumers on account of their longer shelf life, easy transportation, storage, and handling
• North America held the largest share of more than 35.0 % in 2019. Growing trend of owning domestic animals, including cats and dogs, among consumers in U.S. is expected to fuel the product demand over the forecast period.

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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.

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Men’s Personal Care Market Worth $75.8 Billion By 2027

The global men’s personal care market size is anticipated to reach USD 75.8 billion by 2027 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2020 to 2027. Growing popularity among men for daily skincare routine coupled with rising awareness in respect to personal grooming and hygiene is the key factor driving the market. Availability of a wide range of skincare routine products by key players and guidance by industry experts is driving the market.

Millennial men nowadays are becoming more conscious of their physical appearance and looks and are willing to experience innovative products that are proven to work for skin nourishment. Prominent players in the beauty and cosmetics market have been collaborating and launching innovative products specifically designed for men. For instance, in September 2018 Loreal China partnered with Tmall to gain traction of millennial men. This partnership is bound to provide insights from Alibaba’s 600 million users for the product development process and further launching innovative products in the men’s personal care category.

Most of the companies in the market have been relying on social media platforms including YouTube, Instagram, and Facebook to promote their products as one of the prominent strategies to pique consumer interest. Besides, launching the product on their official website, the companies use popular social media influencer or celebrities who usually have millions of followers as marketing media to build their brand awareness among the consumers. For instance, Loreal Paris in February 2017 changes its slogan ‘Because you’re worth it’ to ‘We are all worth it’ with respect to catering to a more diverse and inclusive audience. In the following year, the brand for the first time featured a male model- Gary Thompson blogger and makeup artist in a cosmetics campaign for its True Match Foundation campaign.

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The market has witnessed a decline in the wake of the COVID-19 pandemic because of the discretionary spending and behavioral shift towards health and hygiene products. Brands have been strengthening the e-commerce platforms by improving their supply chains. Customer discount programs such as No-shave November offers have been a prominent factor to build user engagement on the company website and other e-commerce platforms amid this pandemic.

The hypermarket and supermarket distribution channel dominated the market and accounted for over 45.6% share of global revenue in 2019. Retailers such as Ulta, Sephora, Walmart, Target, and Beauty Corner are contributing to segment growth by launching men’s counter catering to men’s personal care products. For instance, in 2018 Ulta salon launched an in-store men’s boutique, which will feature products from prominent retailers such as Procter and Gamble- grooming products.

The E-commerce distribution channel is expected to witness the fastest growth rate over the forecast period. The rising popularity of e-commerce and third-party e-retailers such as Amazon, Nykaa, and Sephora among the manufactures has been driving the sale through this channel. Increasing online shelf space in men’s personal care category and corresponding offers bode well with segment growth. For instance, in August 2017, the Nivea brand launched its website exclusive for men called Groom Room providing products for men’s personal care needs and numerous blogs describing daily care routines and personal care regimes for men.

North America dominated the market and accounted for over 29.2% share of global revenue in 2019. Growing consciousness, personal care routine, and use of natural and organically sourced products that are free from chemicals and are nontoxic in nature are the key driving factor for the growth of the market in the region. In addition, the growing adoption of business strategies such as mergers and acquisitions among the key players is propelling market growth. For instance, In November 2019, Estée Lauder Companies announced an agreement to acquire men’s grooming brand Do The Right. This deal would strengthen and help to expand The Estee Lauder Companies’ leadership position in countries such as South Korea and the U.K.

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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.

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Functional Shots Market Growth & Trends

The global functional shots market size is expected to reach USD 1.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.4% from 2020 to 2027. The increasing demand for elevated wellness in order to improve immunity, digestion, brainpower, energy, and youth has led to the growth in demand for functional shots. In addition, the handy packaging of these products offers the convenience of use, thus contributing to the faster adoption of the product.

Companies have been innovating branding strategies to create wider penetration among consumers. In January 2019, Ginger Shots, Inc. rebranded itself as Tulua. The rebranding is focused on establishing an image of a functional superfood shots company. The company made this strategic move after it decided to actively expand itself beyond its initial product line Ginger Shots. It recently introduced two new products, namely Probiotic Shots and Vitality Shots.

The company claims that these products are free from preservatives and additives. Along with this, these are certified to be organic and kosher. Furthermore, the company asserts that its products are made with the highest quality ingredients and are High Pressure Processed (HPP) to maintain nutrients. Along with that, the brand has redesigned its packaging, which now offers greater visibility of the contents. The bottle comes along with an easy-to-open cap. Its high-impact label design highlights the key product features and benefits.

The company claims that the probiotic contains one billion CFU of a premium probiotic, along with cold-pressed functional ingredients. It is available in four flavors: apple cinnamon, blueberry lemon, tart cherry, and turmeric. The Vitality Shot is available in two flavors: turmeric ginger and apple cider vinegar. These products are being sold through natural, conventional, and mass-market retailers, along with selected corporate dining facilities, airports, and online e-commerce retailers spread across the U.S.

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Functional Shots Market Report Highlights

• By product, energy shots held the largest revenue share of more than 40.0% in 2019. This is attributed to the large number of product launches leading to wider penetration among consumers
• The immunity product segment is expected to register the fastest CAGR of 14.2% from 2020 to 2027. The spread of the COVID-19 pandemic has drawn consumers’ attention towards immunity across the world, thus leading to the massive demand for these products
• The online distribution channel segment is expected to register the fastest CAGR of 14.7% from 2020 to 2027 in light of the increasing importance of such channels to provide extra-convenience features to the buyers while shopping
• Asia Pacific is expected to expand at the fastest CAGR of 14.7% from 2020 to 2027. The large millennial population, increasing household income, and growing awareness regarding physical wellness in countries, including China, Japan, and India, are 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.

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Spices Market Driven By Growing Demand For Authentic Flavored Food At The Global Level

The global spices market size is expected to reach USD 9.70 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% from 2020 to 2027. Growing demand for authentic flavored food at the global level is expected to remain a favorable factor for industry growth. Furthermore, increasing spending on dining out among millennials during their weekends is expected to expand the scope of the foodservice industry, which, in turn, will fuel the demand for spices over the next few years.

Most of the key market players are focusing on enhancing their distribution channels by establishing distribution centers, engaging in acquisitions & mergers, and forming new agreements with local distributors. Forward integration is not only limited to distribution networking. Key market players are developing new products owing to the increasing demand for different and ethnic tastes and flavors.

Key manufacturers of spices include McCormick; Associated British Food plc; Ajinomoto Co, Inc.; and Kerry Group. Product innovation in terms of the development of new spices and seasonings by manufacturers is projected to be a critical success factor over the next seven years. Manufacturers across the globe are focused on achieving optimum business growth and establishing a strong market position by implementing various strategies, such as distribution and marketing, acquisitions, production capacity expansion, intensive investments, and product licensing in research & development. The technological breakthrough is likely to offer significant scope for the seasoning and spices market.

The location of distribution and sales is a vital factor for the companies to enhance their overall positioning in the market. Prominent market players such as McCormick; Associated British Foods; and Ajinomoto Co. Inc. have set up distribution networks for the supply of their products in developing regions, including Central and South America and Asia Pacific, owing to the increasing demand from these regions.

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Spices Market Report Highlights

• By product, pepper accounted for more than 15.0% share of the global revenue in 2019. The availability of different kinds of pepper in every region with different Scoville units has been creating demand for the spice
• The turmeric product segment is expected to register the fastest CAGR of 7.1% from 2020 to 2027. It is a versatile powder that can be added to numerous dishes and has a range of culinary purposes as it contributes to a peppery flavor, yellow color, and mustard-like scent
• Based on form, powdered spices accounted for more than 50.0% share of the global revenue in 2019. Growing consumer preference for whole spices in order to save time and attain true flavor are anticipated to propel their demand
• Asia Pacific accounted for the largest share of over 35.0% in 2019. The strong buyer base and easy availability of spices through wholesale and retail channels in China and India are expected to have a positive impact on industry 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

 

Low GI Rice Market Size Worth $4.60 Billion By 2027

The global low GI rice market size is expected to reach USD 4.60 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% from 2020 to 2027. The growing diabetic population across the globe is a crucial factor for market growth. Moreover, shifting consumer preferences towards healthy food products for a healthy lifestyle are expected to open new opportunities for the market over the forecast period.

The Glycemic Index (GI) of rice or any food is a relative ranking based on the rise of glucose level in the blood within two hours after consuming food. The increasing prevalence of various chronic diseases, such as diabetes, cardiovascular diseases, and blood pressure, is fueling the demand for low GI rice and other food products. Moreover, fluctuating diet patterns, negligible physical activity, and junk food dependence increase the diabetic population across the globe.

Asia Pacific was the largest regional market for low GI rice, accounting for a share of more than 50.0% in 2019. The diabetic population in the region is continuously rising in some of the major economies and highly populated nations, such as India. For instance, according to the International Diabetes Federation, the global diabetes prevalence in 2019 was 9.3% (463 million people), which is likely to rise to 10.2% (578 million) by 2030 and 10.9% (700 million) by 2045. Such prevalence of the disease is propelling the demand for low GI food products, especially rice.

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Low GI Rice Market Report Highlights

• The increasing prevalence of chronic diseases, such as diabetes, obesity, and cardiovascular diseases, among the working-class and old age populations, is a key factor for the industry growth
• The online retail segment was the largest distribution channel with a share of more than 55.0% in 2019. The low GI food products, especially rice, have limited product visibility and the market is also in a nascent stage. Hence, manufacturers in the market are targeting customers through social media, e-commerce websites, and other digital advertisement agencies
• The hypermarket and supermarket distribution channel segment is anticipated to be the fastest-growing segment with a CAGR of 5.3% from 2020 to 2027. With the increasing demand for diabetic food, customers across the globe are increasingly adopting low GI food products, especially rice
• The Asia Pacific was the largest regional market, accounting for a share of more than 50.0% in 2019. China and India are the two largest populated nations as well as the largest producers of rice in 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

 

Functional Chewing Gums Market Growth & Trends

The global functional chewing gums market size is expected to reach USD 2.83 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.9% from 2020 to 2027. The growing immense popularity of such products among the millennials owing to the number of health benefits associated with them is expected to be an influencing factor for the industry growth. Furthermore, increasing willingness to pay a premium price for maintaining a healthy lifestyle is projected to expand the scope of functional chewing gums over the next few years.

The growing popularity of smoking cessation chewing gums and sliming chewing gums has been positively impacting the industry growth. Some of the other products gaining traction are focused on dealing with cholesterol-lowering, anti-aging, cellulite treatment, menopause, acne treatment, and breast enlargements.

Product launches have been playing a crucial role in creating a wide penetration among consumers. In December 2019, Rev Gum improvised its caffeinated chewing gums. The new product is considered to be effective and portable. It is free from sugar, carbohydrate, and other traditional energy solutions. Each of these gums contains less than two calories and delivers 100 milligrams of caffeine, which is equivalent to a cup of coffee. The product is available in a pack of six pieces with three flavors, including peppermint, spearmint, and spearmint. The suggested retail price for the product is USD 2.99 and is targeted towards innovators, thrill-seekers, and up all-nighters.

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Functional Chewing Gums Market Report Highlights

• By product, smoking cessation gums accounted for a share of more than 40.0% in 2019. The growth of the product is attributed to a large number of smokers who are trying to quit smoking
• The oral health gums segment is expected to register the fastest CAGR of 9.6% from 2020 to 2027. The growing desire among youngsters to maintain healthy oral hygiene, along with bright and shiny teeth, is driving the sale of oral health gums
• The online distribution channel segment is expected to register the fastest CAGR of 10.0% from 2020 to 2027. Rising spending on e-commerce portals as a key shopping medium among the buyers is projected to promote the scope of the online segment
• North America held the largest share of over 35.0% in 2019. The region has been witnessing a number of strategic movements from the manufacturers of functional chewing gums in the U.S. to leverage the boom in the market 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

 

Plush Blanket Market Size Worth $594.0 Million By 2027

The global plush blanket market size is expected to reach USD 594.0 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2020 to 2027. Increased consumer spending, coupled with urbanization, is driving the demand for advanced and high-quality bedding products, such as plush blankets. In addition, increasing innovation in the plush fabrics while incorporating other fabric materials, such as fleece, minky, and corduroy, in order to give a luxury appeal to the blankets is ramping up the application of these plush blankets in the residential as well as commercial sectors.

Increased advances in the manufacturing of innovative plush blankets are causing higher penetration of the product among consumers. For instance, the Cariloha bamboo throw is uniquely constructed as a lightweight polyester between two thick and sensuously soft layers of plush bamboo fabric providing a cuddly heft. Additionally, rising availability of plush blankets in different patterns and categories, such as smooth, dimple, patterned, textured, cuddle soft, and velvet, with distinct colors, is boosting the demand for the product as an aid to raise the appeal of surrounding or room environment.

In addition, rising penetration of soft throws or throw blankets as a convenient and travel-friendly product to provide proper warmth and coziness in any environment is helping add to the growth of the market. The emerging trend of using blankets at workplaces as the business works hard to heat or cool an entire building, which often results in unpredictable temperatures, poses the need for acquiring a handy, soft, and weightless throw. This scenario is boosting the adoption of various plush blankets in the work environment.

The residential application segment held a 53.9% share of the global revenue in 2019. Modern urban lifestyle, along with smart, upgraded, and visually appealing product innovation by key industry participants, is increasing the adoption rate of premium and luxury appealing plush blankets among consumers. The growing trend of home remodeling is driving demand for smart bedding products, thereby ramping up the sales of plush blankets.

Increasing expansion in real estate is bound to increase the penetration of premium bedding products, which will positively affect the growth of the market. According to the National Association of Home Builders, the number of single-family permits in the U.S. has increased by 8.4% in 2018. Thus, these rising developments in the residential household category are expected to drive the need for plush blankets. An increasing number of product innovations and customization are gaining consumer’s attention through high product visibility.

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Plush Blanket Market Report Highlights

• Asia Pacific is expected to witness the fastest growth during forecast years with a CAGR of 6.8% from 2020 to 2027. Demand is anticipated to grow in this region due to an increase in the purchasing power of consumers, preference for smart beddings, and growth in the hospitality sector
• By distribution channel, hypermarkets and supermarkets dominated the market by accounting for 41.5% share of the global revenue in 2019
• The residential application segment held the largest share of 53.9% in 2019.

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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

 

Artisanal Ice Cream Market Size, Share, Future Growth Insights

The global artisanal ice cream market size is expected to reach USD 9.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.9% over the forecast period. Increasing desert consumption and rising adoption of natural and organic sweet dishes are projected to remain prominent trends in the market.

Growing lactose intolerant population is contributing to the increased demand for artisanal ice cream. Therefore, lactose-free ice cream allows user to enjoy these products without any intolerance or allergies. Moreover, the focal point lies on aesthetics and flavors. Therefore, companies often use pestle colors for packaging that expresses flavor and creates an appetite. For instance, in 2017, Van Leeuwen witnessed a 50% increase in its sale post its product redesigning and packaging.

Furthermore, key players in the market focus on innovative flavors as their new product development strategy. These innovative yet healthy defined flavors are introduced to gain wider acceptance of consumers. For instance, in May 2018, Taj West End introduced aam-panna ice cream flavor in the IPL catering for cricket players and VIPs.

Moreover, The Oberoi (Bangalore) serves South-Indian flavor ice cream to the city dwellers consisting of coffee, jaggery, and jamun with activated charcoal. In addition, in January 2019, Eden Creamery LLC., manufacturer of low-calorie ice cream brand Halo Top, has expanded their product line to non-dairy ice cream. The brand exhibits flavors such as peanut butter, chocolate hazelnut, and mint fudge cookie. The product is manufactured with coconut milk and contains less calories and more proteins.

Hypermarket and supermarket is anticipated to witness the highest growth in the coming years on account of the availability of a wide variety of products and convenience factor. Prominent brand of ice creams are easily located on the shelves of supermarket as well as hypermarket.

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Artisanal Ice Cream Market Report Highlights

• By distribution channel, specialty stores dominated the global market with a share of 35.9% in 2018. Hypermarket and supermarket is projected to ascend at a CAGR of 7.4% from 2019 to 2025
• North America dominated the global artisanal ice cream market in 2018, accounting for 41.4% share
• Asia Pacific is expected to expand at the fastest CAGR of 8.1% from 2019 to 2025 owing to increasing consumption of premium ice cream in countries such as India and China
• The industry is highly competitive in nature with the main players including Unilever, Nye’s Cream Sandwiches, Van Leeuwan, Nestlé, BI-RITE FAMILY OF BUSINESSES, Carmel, Ice Cream, and Toscanini’s.

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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.

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Wireless Mouse Market Size Worth $1.77 Billion By 2025

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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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

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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.

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Air-dried Food Market Size Worth $165.34 Billion By 2027

The global air-dried food market size is expected to reach USD 165.34 billion by 2027, expanding at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Shifting consumer preference for healthy and convenient diet is expected to expand the scope of air-dried food in the years to come. Additionally, technological advancement in air-drying process has paved the way for the food and beverage industry participants to launch convenience products, which retain the nutritional value for longer time, along with addressing the buyers’ convenience.

Coffee beans led the market with over 30% share of the total revenue in 2019. Increased popularity of instant coffee or coffee powder is boosting the segment growth. The fruits and vegetables segment is projected to witness the fastest growth in the upcoming years. These air-dried food products are gaining traction among the health-conscious consumers due to their nutritional value. Furthermore, it has become a convenient meal for outdoor activities, such as camping and hiking, owing to its long shelf life and lightweight.

In terms of application, the commercial segment dominated the market in 2019 owing to widespread usage of the product in the bakery and confectionary industry, hotels and restaurants, instant meal industry, and pet industries. The household application segment is anticipated to witness the fastest growth over the forecast period. Changing consumption pattern, rapid urbanization, and expansion of e-commerce will boost the demand for the product in the household segment.

Air-dried chunks/pieces are projected to expand at the fastest CAGR of 7.8% from 2020 to 2027. Growing utilization of these forms in several products, such as snacks, ready-to-eat kits, cakes, and pastries, is fueling the growth of the chunks/pieces form in the industry.

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Air-dried Food Market Report Highlights

• In terms of product, coffee beans dominated the market in 2019 with over 30% share of the global revenue owing to extensive application scope in the household and commercial segments of the food and beverage industry
• The household application segment is expected to expand at the fastest CAGR of 7.5% from 2020 to 2027. Shifting preferences among millennials to cook food at home as a result of increased number of recipe videos posted on social media and satellite television channels is expected to prompt the demand for air-dried product forms as convenient options
• Asia Pacific is expected to register the fastest CAGR of 8.0% from 2020 to 2027 owing to rising demand for ready-to-eat and make-ahead meals among the working class population groups in countries, including China and India
• Major players in the market include Dehydrates Inc.; Saraf Foods Pvt. Ltd.; Berrifine A/S; La Frubense; BCFoods, Inc.; Nestle S.A.; B-B Products (Australia) Pty Ltd; DMH Ingredients, Inc.; and HOWENIA ENTERPRISE CO., LTD.

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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

 

Smart Sports Equipment Market Growth & Trends

The global smart sports equipment market size is expected to reach USD 4.04 billion by 2027, expanding at a CAGR of 8.1% during the forecast period, according to a new report by Grand View Research, Inc. Rising developments in sports technology through advanced technologies, such as Internet of Things and Augmented Reality, have developed a keen interest among consumers in smart sporting equipment. Additionally, increasing consumer attention towards sports as a lifestyle in order maintain fitness and track athletic performance is boosting the demand for advanced products.

Shifting preference for real time performance tracking process has paved the way for technology integrated sporting equipment over traditional sports equipment, which has increased the adoption of smart sporting equipment across the globe. These smart sports equipment, which are digitally connected through sensors, help sportspersons or athletes to track, monitor, analyze, and improve their performance. According to a 2017 study by the University of Wollongong, approximately 50% of youth regularly participate in organized sports in U.S., Canada, and England. Thus, rising participation of people, particularly young consumers, in various sporting activities is likely to positively impact the growth of the market. 

Moreover, rising number of children indulging in different sporting activities to turn it into a career option has offered greater prominence to the product, thereby resulting in higher adoption of smart sports equipment. Newer product launches by manufacturers in the industry are incorporating advanced features in the product that support effective performance metrics. For instance, in 2019, KAHA PTE LTD launched a smart jump rope, Lifeflow. This equipment is embedded with sensors in the handle, which enables collecting biometric data while skipping.

Golf stick emerged as the largest product category in the market and was valued at 649.5 million in 2019. Increasing consumer participation in golf sports is projected to offer lucrative growth opportunity for smart golf clubs. According to the National Golf Foundation, 36% of the U.S. population, which is over 107 million people, have played, watched, or read about golf in 2019.

Franchise stores held the largest share of 55.6% in 2019 owing to easy availability and wide distribution network of these stores. High number of manufacturers selling these products through company owned retail stores owing to the niche product segment is boosting the sales of these products through franchise stores.

Asia Pacific is expected to expand at a CAGR of 8.7% from 2020 to 2027. Rising prevalence of sporting tournaments in the region is increasing awareness related to fitness and different sporting activities, and thus visits from foreign nationals are expected to increase the usage of these smart sporting equipment.

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Smart Sports Equipment Market Report Highlights

• North America held the largest share of the overall revenue in 2019
• By product, balls are expected to expand at the fastest CAGR of 9.7% due to rise in sports and fitness activities
• Based on distribution channel, specialty stores are expected to expand at the fastest CAGR of 9.5% over the forecast period
• The Smart Sports Equipment Market has been characterized by high competition due to the presence of key players, including InfoMotion Sports Technologies; Golfsmith International Holdings, Inc.; DribbleUp, Inc.; Adidas AG; Wilson Sporting Goods; BABOLAT VS S.A.; HockeyShot Inc.; Riddell; Zepp Labs, Inc.; and Gridiron Technologies

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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