Vegan Confectionery Market Growth & Trends

The global vegan confectionery market size is expected to reach USD 1.99 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.8% from 2020 to 2027. Growing trend of plant-based diet among the consumers has been widening the scope of the product over the world. In addition, rising number of lactose intolerant people and growing consumer preference for a vegan diet have been fueling the growth of the market across the globe. The foodservice sector is also adopting this trend by incorporating plant-based products in their menus.

The coronavirus outbreak has been changing the shopping pattern of consumers. Consumers have been stockpiling lower-priced and private-label snacks that offer energy and nutrition. However, the disrupted supply chain has been negatively impacting the manufacturing of the products, especially in the small and craft chocolate firms.

In terms of product, the chocolate segment led the market with over 40.0% share of the total revenue in 2019. Increasing acceptance of the product among the centennials and millennials has boosted the growth of the market over the world. Furthermore, health benefits such as low-fat and low cholesterol of the plant-based chocolates have been contributing to the market growth. As a result, companies in the industry have been widening their chocolate line by introducing new products.

Asia Pacific is expected to expand at the fastest CAGR of 12.6% from 2020 to 2027 owing to growing vegan population in the key countries, including China and Japan. Furthermore, access of raw materials including plant-based milk ingredients, such as coconut and spirulina, is expected to compel the vegan confectionery manufacturers to keep their production units in vicinity.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/vegan-confectionery-market

Vegan confectionery Market Report Highlights

• In terms of product, the chocolate segment dominated the market in 2019 with over 40.0% share of the global revenue owing to increased demand for the products among the centennials and millennials
• Asia Pacific is expected register the fastest CAGR of 12.6% from 2020 to 2027. Rising importance of healthy diet among the millennials in the key economies, including China and Japan, is expected to remain a favorable factor for the industry growth
• Online distribution channel is expected to expand at the fastest CAGR of 12.3% from 2020 to 2027 due to increasing penetration of online retailers and smartphones users
• Product innovation is expected to remain a key strategy among the industry participants.

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

Online Book Services Market Growth & Trends

The global online book services market size is anticipated to reach USD 27.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. The rising number of digitally-savvy readers, coupled with increasing usage of smartphones and tablets for reading books online, is likely to spur market growth.

The online books are gaining significant popularity over traditional books owing to easy accessibility online and convenience offered. As per the independent research, e-book penetration was 10.5% in 2018 and is expected to reach around 12% by 2022. Besides, a growing number of adults who own either a tablet, smartphone, or an e-reader device is expected to create a positive outlook for the market in the coming years.

Although e-book subscription services have existed for several years and currently, they are witnessing significant traction. Subscription services are known to give users access to huge, deep catalogs of content at a fixed monthly price. Very few players in the market have achieved a level of success in generating revenue through these models, for instance, as of 2020, Amazon has over 2.5 million and Scribd, Inc. has 1 million paying subscribers. However, other major players are channelizing on this model to gain a competitive edge in the market.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/online-book-services-market

Several players operating in the market are focusing on strategic measures to reach a large number of consumers to boost revenue growth. For instance, in May 2020, Media Do Holdings announced that it is planning to enable blockchain e-books distribution. The company specializes in the distribution of digital products, like e-books, and upon seeing significant sales before and after the lockdown order, the company is looking to invest approximately USD 2.8 million for the blockchain e-books distribution project. The company added that the blockchain e-books distribution would be introduced first to My Anime List, which is considered the world’s biggest social community and database for anime and manga.

However, the low penetration of smartphones and similar devices in emerging countries can lead to low sales of online books, which is ultimately likely to impede market growth up to some extent over the forecast period.

By product type, the trade segment is projected to remain at the forefront in terms of share and growth rate over the forecast period. Many consumers are inclined towards reading fiction, non-fiction, and literature among others. Easy availability of such books online at minimum prices is foreseen to drive its demand in the coming years.

Asia Pacific is foreseen to expand at a maximum CAGR of 7.1% over the forecast period. Growing usage of smartphones and similar devices, rising internet penetration, and growing consumers’ preference for online books over printed ones are likely to fuel market growth in the coming years. In addition, closure of non-essential business amidst pandemics, such as physical bookstores and schools, as an effort to curtail the spread of the virus has surged the demand for online books. For instance, in April 2020, during the lockdown period, the Media Do Holdings recorded a 20% year-on-year growth on the sales of digital books.

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

Organic Food And Beverages Market Growth & Trends

The global organic food & beverage market size is expected to reach USD 320.5 billion by 2025, according to a new report by Grand View Research, Inc. Growing popularity of non-GMO products among consumers, owing to the health benefits associated with their consumption, is expected to drive the demand over the forecast period. 

Fruits and vegetables dominated the global organic food market accounted for over 37% of revenue share in 2015. Furthermore, increasing consumption of meat and poultry products resulted in the fastest growth of the segment and is expected to grow substantially at a CAGR of 13% over the forecast period.

Non-dairy beverages such as rice, soymilk, and oat beverages accounted for over 33% of the total share of organic beverages market in 2015. However, beer and wine is projected to grow substantially at a CAGR of 13.5% over the forecast period owing to increasing global economic conditions and high consumption of a broad range of flavored beverages.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/organic-foods-beverages-market

Organic Food And Beverages Market Report Highlights

• The global organic food market was valued at USD 77.4 billion in 2015 and is expected to witness highest growth in Asia Pacific from 2016 to 2025
• Fruits & vegetables emerged as the largest organic food product segment in 2015 and is estimated to generate revenue over USD 110 billion by 2025
• Frozen & processed food demand was over USD 11 billion in 2015 and is anticipated to witness significant growth over the next few years
• Beverage market is estimated to exceed USD 55 billion by 2025, and anticipated to grow at a CAGR of 13.1% over the next nine years
• Coffee & tea is expected to emerge as the fastest growing sector with a CAGR of more than 15% from 2016 to 2025
• The U.S. is the largest market in North America and was valued over 40 billion in 2015, owing to the growing consumer resistance for genetically modified and chemically grown crops in the region
• The industry in Asia Pacific is projected to witness fastest growth over the forecast period and account for over 12% of global revenue by 2025. Asia Pacific is projected to witness highest growth on account of growing agriculture sector in the region coupled with robust domestic demand has led to significant demand for the product.
• Key players including Whole Foods Market Inc., General Mills, Inc., Everest, Cargill, Inc., WhiteWave Foods, Danone, and United Natural Foods, Incorporated dominated the global organic food & beverage market

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

Non-Alcoholic Beverage Market Driven By Rising Societal Awareness Toward Serious Health Problems

The global non-alcoholic beverage market size is expected to reach USD 1.60 trillion by 2025, expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Rising societal awareness toward serious health problems is acting as the biggest driver for market. The industry is reshaping itself by changing the orientation from carbonated soft drinks to non-nutritive low-calorie beverages.

Various studies and research have proved that obesity is linked to higher consumption of CSDs. This has led to the development of calorie-free or low-calorie drinks, such as functional beverages, bottled water, and fruit beverages. Childhood obesity rate for the age groups of 2-5 and 12-19, has doubled in past 30 years in the U.S. The government is also trying to reduce the sales and consumption of drinks made from nutritive sweeteners by imposing sugar taxes.

Stringent government regulations for labeling, listing the ingredients used, etc. in developed countries are expected to restrain the market growth. On the other hand, initiatives to attract the global players by increasing foreign investments, trade promotion, and economic subsidies in the developing economies are expected to foster the industry growth.

New product launches, as a result of the product line extension, have enabled customers to select application-specific offerings from a wide variety of options. The widening distribution channels have led to easy product availability, which has been a key industry driver in the past. Marketing and advertising plays the most important role in organizational sales and sustainability. Trade promotion, advertising, sales promotion, and public relations are the main promotional activities employed by the key players.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/nonalcoholic-beverage-market

Further Key Findings from The Report Suggest:

• The global non-alcoholic beverage market was valued at USD 967.3 billion in 2016. The market is projected to grow at an estimated CAGR of 5.8% over the forecast period.
• Carbonated soft drinks occupied the highest market share in 2016 owing to its high market penetration
• North America accounted for the largest market for non-alcoholic beverage industry in 2016 owing to the presence of developed economy and high standard of living
• Functional beverages are expected to emerge as the fastest growing product segment in the market on account of high demand for ready to drink coffee and tea, relaxation drinks, and energy drinks 
• The key players include PepsiCo, Inc., The Kraft Heinz Company, Dr. Pepper Snapple Group, Inc., The Coca-Cola Company, and Nestle S.A.

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

Craft Soda Market | Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025

The global craft soda market size is projected to reach USD 732.4 million by 2025, expanding at a CAGR of 3.5%, according to a new report by Grand View Research, Inc. Mounting social awareness of the health problems caused by sugary as well as alcoholic drinks is one of the major drivers for this industry. The market is reforming itself by shifting its alignment from carbonated soft drinks containing artificial sweeteners to natural, sweet-laden, low-calorie beverages. 

While traditional soft drinks are under review by nutritionists, craft soda, also known as specialty, small-batch, or artisanal soda, is gaining share owing to its finest and natural ingredients, unique packaging, creative flavors, and its strong local presence. The rising trend of gourmet food, as well as wellness food, is expected to be the vital factor for increasing the consumption of craft sodas.

Strict government guidelines for artificial ingredients and labeling & packaging along with initiatives to build interest among major players by increasing trade promotion and foreign investments are anticipated to propel the product demand. Rising awareness of consumers about unhealthy ingredients used in soft drinks is encouraging craft soda manufacturers to produce beverages containing organic & natural ingredients.

The introduction of new product lines by craft soda producers is likely to enable consumers to choose products from the extensive product lines according to their specific choices. The broadening of distribution channels has led to easy availability for the users, which is acting as a driver for this industry. Marketing plays a vital role in sustainability and organizational sales. Supermarkets & hypermarkets emerged as the largest distribution channel for companies on account of their global footprint, brand value, and huge customer base.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/craft-soda-market

Further key findings from the report suggest:

• The global craft soda market accounted for USD 537.9 million in 2016 and is anticipated to progress at a healthy CAGR of 3.5% over the forecast period
• Natural craft soda occupied the largest market share in 2016 owing to the rising health concerns and high market penetration
• North America was the largest regional market in 2016 owing to the high standard of living of the population and developed economy
• Supermarkets & hypermarkets was the most dominant distribution channel for this market owing to the increasing distribution by mainstream retailers
• Major players include Jones Soda Co., Reed’s, Inc., Appalachian Brewing Co., Boylan Bottling Co., and SIPP eco beverage co. Inc.
• Mergers and acquisitions, R&D activities, product launches, and technological collaborations are among the major strategies adopted by market players for gaining competitive advantage

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

Ice Cream Market Size, Share, Growth Opportunities, Future Trends, SWOT Analysis, Competition And Forecasts 2025

The global ice cream market is anticipated to reach USD 78.8 billion by 2025, growing at a CAGR 4.1%, according to a new report by Grand View Research, Inc. The growing demand for premium products especially in developed regions such as North America and Europe is expected to drive the ice creams sales in these regions. The major growth is expected to come from developing regions such as Asia Pacific, Latin America, and MEA. Countries such as India and China have a large consumer base which is expected to drive the sales in terms of both volume and value. However, a growing number of health-conscious consumers is expected to limit market growth over the forecast period.

The demand for lactose-free is also expected to contribute to market growth during the forecast period. The increase in demand for lactose-free ice creams is driven by an increase in cases of food intolerances and allergies. Thus, the consumers having lactose intolerance pick lactose-free ice creams. Also, these products are opted by consumers who are health conscious and prefer healthy foods.

Companies are introducing many new and innovative flavors in the ice cream segment to increase their revenue. For instance, in 2017, Ben & Jerry's introduced three new flavors in summer to increase their sale. The introduction of new flavors and formats is also expected to contribute significantly to the growing sales across the globe.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/ice-cream-market

Further Key Findings From the Study Suggest:

• The impulse segment has outgrown the take-home segment in 2016 and is expected to dominate the market during the forecast period. The ice cream is likely to remain an impulse purchase as manufacturers in the developing regions have failed to lure consumers with their bulk products. Manufacturers are expected to extend their impulse product portfolio during the forecast period.
• The ice cream market is dominated by various countries which include China, the U.S., Japan, Brazil, Italy, and Germany. Asia Pacific held the largest market share in 2016 and is expected to dominate the market over the forecast period. Growth is shifting towards emerging countries such as China, India, Brazil, Indonesia, Vietnam, and South Africa, and developed regions such as North America and Europe are expected to show slow growth during the forecast period.
• Some of the key players in the ice cream market are Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries. There are numerous small and mid-size players which also contribute significantly to retail sales.

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

Yogurt Drink Market Opportunity, Demand, Recent Trends, Major Driving Factors And Business Growth Strategies 2025

The global yogurt drink market is expected to reach USD 44.46 billion by 2025 at a 4.8% CAGR, according to a new report by Grand View Research, Inc. The market is anticipated to witness a higher growth rate in comparison to plant-based drinks on account of better health benefits and low cost of yogurt drinks.

Factors such as increased per capita spending and urbanization are likely to fuel yogurt consumption. Rise in awareness about its benefits and increase in preference for yogurt among consumers looking to lead an active and healthy lifestyle are expected to play a significant role in driving industry growth.

Regular consumption of yogurt drinks helps in lowering obesity. Having whole yogurt drink helps keep the stomach full, thereby discouraging overeating or eating at frequent intervals. Companies such as Benecol Limited offer low-cholesterol yogurt containing plant stanols.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/yogurt-drink-market

Further key findings from the report suggest:

• The flavored yogurt drink segment accounted for a revenue share of 37.6% in 2016 owing to launch of healthy and delicious products by companies
• The regular yogurt segment accounted for a 34.63% market share in 2016 in terms of revenue and is expected to expand at a CAGR of 5.0% from 2017 to 2025. This growth can be attributed to preferred taste of regular yogurt as compared to fat-free variants and the fact that regular yogurt is less processed compared to other types
• Convenience store distribution channel captured a market share of 29.37% in 2016 and is expected to witness significant growth over the forecast period. This can be attributed to increased number of working individuals, hectic work schedules, and single-person households
• Demand for yogurt in tetra packs is expected to decline owing to rise in demand for on-the-go breakfast items and consumer preference for plastic bottles over tetra packs
• Regional expansions and R&D are key strategies adopted by major market players to strengthen their position in the industry. A large number of companies are continuously striving to innovate and develop new flavors and varieties to expand their scope in the yogurt drink market
• Friesland Campina acquired Ivory Coast dairy business from Olam International, Singapore, in 2014 to boost its presence in the emerging markets of Africa and Asia.

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

Hand Sanitizer Market Future Growth & Trends

The global hand sanitizer market size is anticipated to reach USD 13.7 billion by 2027, expanding at a CAGR of 22.6%, according to a new report by Grand View Research, Inc. Growing emergence related to regular hand washing and sanitization among consumers owing to recent COVID-19 pandemic have set the tone for the market enhancement during the forecast period.

Major sanitizer manufactures have been ramping up their production capacity as well as improvising the supply chain strategies to cater the unprecedented spike in the sanitizers worldwide. According to a report by Adobe Analytics, the demand for hand sanitizer in U.S. spiked to 1,400% between December 2019 and January 2020.

Hand hygiene forms the most important element of personal care in order to prevent infectious diseases and is expected to act as a key driver for the growth of the market. According to findings, there is a preference for using hand sanitizer by 77.0% of the population covered in a survey, while 23.0% claimed to not to use the product. The 77.0% population in the favor of using hand sanitizer comprised of 37.5% male users and 62.5% of female users.

In addition, government further promotes the usage of hand care products in order to increase awareness as well as avoid health issues among consumers. For instance, WHO and FDA have taken initiatives in order to make people aware about hand hygiene and the risks associated with not maintaining the same. In addition, according to studies, hand sanitizer also minimizes the risk of gastrointestinal and respiratory infections among consumers. Moreover, this product also contains ingredients which help in reducing skin dryness and irritation as compared to hand washing.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/hand-sanitizer-market

Furthermore, according to studies, classroom application of hand sanitizers is expected to reduce absenteeism of students due to illness by 20.0%. However, growth of the market can be hampered by the usage of chemical ingredients associated with the product causing allergies to some people. Rising influence of social media and online advertisements have exposed people to the recent trends of personal care and hygiene, which is also accelerating the usage of sanitizers.

In terms of product, the gel based hand sanitizers segment is anticipated to dominate the market. Easy product availability and wider access to gel based hand sanitizers are driving the growth of the segment in the market over the last ten years. The product results in decreased microbial populations in different ways. Moreover, inclusion of different flavors affecting the fragrance has also supported the product segment to occupy a prominent place in the market. For instance, in 2017, Himalaya Wellness had launched new hand sanitizers, which are available in fruit flavors including strawberry, green apple, litchi, and orange.

Online distribution channel witnesses the fastest growth in the market at a CAGR of 23.2% from 2020 to 2027. Online retailers including Amazon, Walmart, Alibaba, and other such service providers are focusing on continuous availability of the product across the globe. Online distribution channel is widely used in developed countries such as U.S., Germany, and U.K., for purchasing consumer goods and unique personal care products. It is poised to emerge as a steady revenue generating source for these product categories over the forecast period.

North America dominated the global hand sanitizer market and accounted for 32.1% of revenue share in 2019. Wider product availability with increased penetration of online as well as offline distribution channels offering hand sanitizer is driving the market in the region.

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

Organic Skin Care Market Size Worth $12.58 Billion By 2022

Global organic skin care market size is expected to reach USD 12.58 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for organic face creams, sunscreens, and body lotions among consumers is expected to have a positive impact on the sector over the next seven years. Changing consumer perceptions towards organic products coupled with growing utilization of environmentally sustainable products is expected to fuel product growth over the next seven years. 

Growing awareness toward organic products, and changing lifestyle of consumers coupled with and rising consumer disposable income is expected to fuel product demand over the forecast period. In addition, increasing penetration of major players such as Reckitt Benckiser and P&G through new product developments and launches in India, Brazil and China is expected to promote growth over the next seven years. 

Rising consumer awareness regarding potential impact of organic skin care products on health and environment has resulted in augmenting sales over the past few years. Furthermore, reduced consumption of harmful chemicals including aluminum salts, parabens and phthalates coupled with shifting to sustainable products by numerous multinational corporations has contributed to the rise in product consumption and trend is expected to continue over the forecast period. 

For more info visit here: https://www.grandviewresearch.com/industry-analysis/organic-skin-care-market

Further key findings from the report suggest:

• Face creams was the fastest growing product segment at a CAGR over 20.0% from 2015 to 2022. The segment is expected to show high penetration due to rising increasing incidences of skin disorders which has led consumers to switch from synthetic products to natural products. Industry growth in Germany, France, and UK coupled with product innovation by companies such as L’Oreal will increase product demand over the next seven years.
• Body lotion segment was estimated over USD 1.0 billion in 2014. Increasing need for naturally quick-fix skin problems that arise from pollution and environmental factors will have a positive impact on the sector over the forecast period.
• Europe was estimated over USD 750.0 million in 2014. Robust product manufacturing base in the UK, France and Germany is expected to be a favorable factor for demand. European Commission framed Horizon 2020 Strategy, with to promote consumption and production of natural ingredients in chemical, personal care, automotive and energy sectors. This is expected to have a positive impact on the industry over the next seven years.
• The global organic skin care market is highly competitive with large multinational companies dominating the sector on account of increased expenditure on advertising and continuous R&D. However, in 2014, numerous smaller companies have gained share on account of increasing interest in natural beauty particularly in Europe and North America. Furthermore, companies employ strategies such as joint ventures and mergers & acquisitions to expand their global presence. In October 2013, multinational L’Oreal acquired The Body Shop and Kiehl’s to increase its share in this sector.

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

Air Mattress Market Size, Share, Latest Trends, Industry Growth And Demand

The global air mattress market size is expected to reach USD 227.2 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.6% over the forecast period. Rising awareness regarding the need for convenient sleeping to protect from diseases including back pain and pressure wound will further promote the utility of air mattress. Additionally, positive outlook towards the tourism sector at the global level on account of increasing number of professional and holiday trips among the consumers in various countries is expected to promote the use of hassle free foldable beds for extra person’s accommodation.

The king size products is expected to expand at the fastest CAGR of 10.5% from 2019 to 2025. Growing consumer demand for cozy, comfortable, and large sized bed is expected to remain a favorable factor for the industry growth. It has been observed that a large number of consumers prefer to carry king-sized air mattress on their camping trips as it can accommodate more than two people in it.

The commercial application segment was the largest application with a revenue of USD 78.1 million in 2018. The consumers in this segment intend to keep large size foldable air mattresses for extra guests, which is expected to propel the air mattress market growth in the coming years. Increasing number of business and personal travels in urban cities across North America and Europe is driving the hotels to keep extra air mattress for extra guests.

Asia Pacific is expected to expand at the fastest CAGR of 10.0% from 2019 to 2025. Growing consumer awareness regarding the need for comfortable sleeping material to protect themselves from pressure wound problem among adults in emerging economies including China and India is expected to drive the market. Additionally, growing residential real estate cost is driving urban population to stay in small size flats. This product is easily foldable and the consumers can keep it in the corner of the hall, which is expected to increase the utility of the product. Furthermore, product innovations in the aforementioned countries by key manufacturers including “Kurlon” and “Intex Development Co. Ltd” are projected to expand the buyer’s reach in the near future.

Some of the key players operating in this market are Drive DeVilbiss Sidhil Ltd.; ALPS Mountaineering; SizeWise; LazerLazery; Sleepy Sleep; Restoration Goods; Bestway; Somnio LLC; American National Manufacturing, Inc.; Intex Development Co. Ltd.; and WENZEL Group. Product innovation is expected to remain a key strategy among the industry participants over the next few years.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/air-mattress-market

Further key findings from the report suggest:

• Twin size products generated a revenue of USD 54.5 million in 2018 due to its carrying convenience and cost effective feature
• King size product is expected to be the fastest growing segment with a CAGR of 10.5% from 2019 to 2025 as a result of growing consumer need for large size beds in camping and outing activities
• The commercial application segment generated a revenue of USD 78.1 million in 2018 due to higher usage in the hospitality industries
• The household application segment is projected to ascend at a CAGR of 9.4% from 2019 to 2025 owing to increasing number of bedsore patients at the global level
• North America was the largest market in 2018 with a revenue of USD 48.4 million as a result of growing urban population, coupled with huge residential real estate cost.

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

Rotary Hammer Drill Market Opportunity, Upcoming Trends and Demand, Growth Analysis

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.

For more info visit here: 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

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

Wine Coolers Market Size Worth $3.17 Billion By 2025

The global wine cooler market size is anticipated to reach USD 3.17 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% during the forecast period. Increasing consumption of wine around the world, especially in India, China, and Japan is expected to fuel the growth.

Free-standing wine cooler segment held the largest market share of 53.2% during the forecast period and is expected to continue leading over the forecast period. Rapid product innovation and introduction of new products with wider dimensions for increased wine bottle storage is anticipated to bode well for the growth of the segment in the forthcoming years. For instance, in February 2019, Vinotemp launched a Technical Veneer Wrap option for its large-capacity private reserve series wine coolers at the Kitchen & Bath Industry Show, Las Vegas, Nevada.

The countertop wine cooler segment is expected to expand at the fastest CAGR of 7.0% over the forecast period.

Commercial application is expected to continue leading in terms of overall market share throughout the forecast period. Growing popularity of wine among millennial is the key factor driving the segment growth. Residential segment, on the other hand, is expected to expand at the fastest CAGR of 7.2% over the forecast period. The tradition of drinking wine with dinner in various countries including U.S. and China is the key factor driving the demand for wine cooler from residential sector.

Europe is expected to remain dominant region in terms of overall market share throughout the forecast period. It is expected to expand at a CAGR of 6.0% from 2019 to 2025, driven by increasing consumption wine. Germany led the Europe wine coolers market in 2018, accounting for more than 15% share.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/wine-cooler-market

Wine Coolers Market Report Highlights

• Free-standing segment is expected to reach USD 1.64 billion by 2025, growing at a CAGR of 6.0% from 2019 to 2025
• Restaurant segment is expected to reach USD 944.5 billion by 2025
• Europe held more than 33% share of global wine coolers market due increasing consumption of wine coupled with rising awareness regarding the health benefits of wine
• Asia Pacific is expected to expand at a CAGR of 7.1% over the forecast period owing to increasing consumption wine
• Major market players are Haier, LG Electronics, BSH Home Appliances Group. (Siemens AG), Climadi, Shenzhen VRBON Electrical Appliance Co., Ltd., Allavino, Avanti Products, Electrolux, Donlert Electrical Co. Ltd, and EuroCave Group. Market players focus on mergers and acquisitions, expanding their production capacity, and innovation to boost their product sales

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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

 

Printed Tissue Paper Market Opportunity, Demand, Recent Trends, Major Driving Factors And Business Growth Strategies 2025

The global printed tissue paper market size is expected to reach USD 891.9 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. The market is expected to witness considerable growth owing to rising adoption of hygienic products and replacement to conventional products for personal care.

Growing use of tissue papers has driven the manufacturers to introduce specialty products to retain the large customer base from inclining to other substitutes. Therefore, companies such as papermart, jukeboxprint, and noissues are coming up with customized printed tissue papers in order to target the premium customers with higher disposable income.

Facial tissue is expected to be the fastest growing category owing to the high consumption of the product by females. This is on account of the better hygiene and personal care level of the females in comparison to the male crowd. In addition, females are more inclined towards usage of new and trendy products in order to convey a style statement to the society. Moreover, new product innovation with better features including antioxidant, alcohol clean, and charcoal cleaning are anticipated to augment the product demand in the near future.

The supermarkets/hypermarkets generated a revenue of USD 293.4 million in 2018 and is anticipated to witness significant growth from 2019 to 2025. This segment is popular owing to its benefits such as providing the consumers an advantage of scanning the product before purchase that influences their buying decision.Moreover, availability of a wide range of products offered by different brands enables consumers to compare between each brand.

The layout of this distribution channel and discounts by the leading brands have also increased the sales volume in the supermarket and hypermarket medium. The organized retail sectors have been driving the printed tissue paper market by providing ample space and visibility for the existing and new brands to offer their products.

Furthermore, the household and commercial sectors use the customized tissue paper and related products offered by companies including beetatissues and noissues in order to portray a higher standard of living and services. This is expected to open new segments for the companies. Therefore, the market is expected to witness significant growth in the developing countries including India, China, and Bangladesh on account of adoption of western standards of living and hygiene.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/printed-tissue-paper-market

Printed Tissue Paper Market Report Highlights

• By product, facial tissue is anticipated to expand at a CAGR of 5.2% over the forecast period due to growing awareness regarding the usage of disposable and trendy hygiene products rather than conventional ones
• Toilet paper dominated the global printed tissue paper market with an overall share of 51.0% in the year 2018
• The supermarkets/hypermarkets segment dominated the global market with a share of 44.6% in 2018 owing to easy availability of a wide range of products
• North America dominated the global market in 2018 with a share of 33.2% owing to increasing consumer spending on innovative hygiene products
• The industry is highly competitive in nature with the key market players including Asia Pulp & Paper, Georgia – Pacific, KCWW, Procter & Gamble, Hengan China Investment Co. Ltd., Kimberly – Clark, CMPC, and Cascades.

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Printed Tissue Paper Market Segmentation

Grand View Research has segmented the global printed tissue paper market on the basis of product, application, distribution channel, and region:

Printed Tissue Paper Product Outlook (Revenue, USD Million, 2015 - 2025)

• Toilet Paper
• Kitchen Tissue
• Facial Tissue
• Others

Printed Tissue Paper Application Outlook (Revenue, USD Million, 2015 - 2025)

• Household
• Commercial

Printed Tissue Paper Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Supermarkets/Hypermarkets
• Convenience Stores
• Online

Printed Tissue Paper Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
•  U.S.
• Europe
• U.K.
•  Germany
• Asia Pacific
• India
• China
•  Japan
• 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