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Showing posts from January, 2023

Processed & Frozen Vegetables Market size is expected to reach USD 101.88 billion by 2028

  Processed & Frozen Vegetables Industry Overview The global processed & frozen vegetables market size was valued at USD 77.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2028. The rapidly developing processed food industry and rising spending on food products, specially packaged vegetables, are expected to promote market growth in the coming years. Moreover, the continuous development of innovative products and attractive packaging increases the demand for processed vegetables in emerging economies.   Gather more insights about the market drivers, restrains and growth of the Global Processed & Frozen Vegetables Market   The rising health concerns and increasing awareness about the benefits of processed vegetables among consumers across the globe are the major driving factors in the market during the last few years. In addition to this, the growing middle-class population, coupled with increasing ...

Bulk Food Ingredients Market size is expected to reach USD 409.56 billion by 2028

  Bulk Food Ingredients Industry Overview The global bulk food ingredients market size was valued at USD 303.88 billion in 2021 and is and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2022 to 2028.   The shift in consumer preference from artificial and pre-packaged foods to organic, natural, and simple ingredients, particularly in developed countries, is anticipated to influence market demand positively. Commodity/bulk ingredients are majorly final products such as flours and oils, wherein it is traded in high volumes with low-value addition to the final product. These products are procured in huge or bulk quantities from the wholesale supplier and brought into the convenience and retail stores.   Gather more insights about the market drivers, restrains and growth of the Global Bulk Food Ingredients Market   The European bulk food ingredients market is anticipated to grow significantly in upcoming years owing to the increased pene...

Citrus Solvents Market size is expected to reach USD 2.07 billion by 2028

  Citrus Solvents Industry Overview The global citrus solvents market size was valued at USD 1.44 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2028.   The market is majorly driven by the increasing demand for natural products. Also, the growing demand for skin and hair care segment is propelling the industry growth during the forecast period. As hair and skin are vital parts of every individual, thus various consumers are looking for non-toxic and organic products. Owing to this reason market is anticipated to propel during the forecast timeline.   The product has its application in multiple industrial sectors mainly as an insect repellent, degreaser, fragrance, and paint thinner. These are also used as a key ingredient in many home care products. Various players in the market are introducing home cleaners that contain citrus solvents which are likely to push business sales.    Gather more insights...

Print Newspapers & Magazines Market size is expected to reach USD 105.24 billion by 2028

  Print Newspapers & Magazines Industry Overview The global print newspapers & magazines market size was valued at USD 123.93 billion in 2021 and is expected to decline at a compound annual growth rate (CAGR) of -2.3% from 2022 to 2028.   Newspapers and magazines have been gradually losing customers for years. However, rising consumers' inclination toward free or more affordable substitute media like online publications over the last few years is restraining the market growth. Moreover, increasing subscriptions to digital newspapers and magazines are hindering market growth over the forecast period. For an instance, The New York Times has reported that nearly 39% of subscribers have subscribed to the digital newspaper. In addition to this, print media circulation decline in recent years across the globe is the major factor that restrains the market growth. Furthermore, the growing investment in print advertising by industry verticals to build trust and nurture relat...

Pocket Lighter Market size is expected to reach USD 7.43 billion by 2028

  Pocket Lighter Industry Overview The global pocket lighter market size was valued at USD 6.08 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2028.   Rising population of smokers around the globe and increased use of lighters to light cigars, pipes, and cigarettes are driving the industry growth. Lighters are multipurpose in use, it could be used to light a candle or ignite the gas stove, or light up firecrackers but are commonly used for lighting cigarettes. Containers of these lighter are normally made using plastic or metal, these containers are filled with flammable liquid or gas, which helps to ignite the flame. Gather more insights about the market drivers, restrains and growth of the Global Pocket Lighter Market   The increasing number of cigarette smokers and their need for lighters, is boosting the sale of pocket lighters. Smoking habit is increasing in the newer generation and people who already have s...

Leavening Agents Market size is expected to reach USD 7.7 billion by 2028

  Leavening Agents Industry Overview The global leavening agents market size was valued at USD 6.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2028.   The market is majorly driven by increasing demand for baked products. Also, rising health consciousness among people and changing lifestyle makes the leavening agents more demanding. Increasing investment in R&D by various players to develop new leavening ingredients coupled with the increasing demand for bakery products are likely to drive the market growth during the forecast period. Also, increasing income level is playing an important role in determining the purchase of leavening agents. Moreover, rising technological advancement in developing the product will likely drive market growth during the assessment period.   Gather more insights about the market drivers, restrains and growth of the Global Leavening Agents Market A leavening agent i...

PaaS Market size is projected to reach USD 206.30 billion by 2028

  PaaS Industry Overview The global PaaS market size was valued at USD 60.12 billion in 2021 and is anticipated to register a compound annual growth rate (CAGR) of 19.3% from 2022 to 2028.   PaaS is a cloud service that provides a virtual environment to the developers for software development. The rising need to reduce the cost and time to market (TTM) of application development across the enterprises is one of the major factors that boost the market growth during the forecast period. Along with this, the rising adoption of cloud services among enterprises across the globe and the growing number of enterprises is fueling the growth of the market. However, the rising number of data breaches increases the privacy and security concerns that are projected to hinder market growth.   Gather more insights about the market drivers, restrains and growth of the Global PaaS Market   The speedy digitization across the globe results in increasing adoption of the Platform A...

eHealth Devices Market size is estimated to reach USD 28.1 billion by 2028

  eHealth Devices Industry Overview The global eHealth devices market size was valued at USD 15.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2022 to 2028.   The global market growth is significantly driven by the increasing adoption of eHealth devices due to the prevalence of chronic diseases and lifestyle diseases such as high blood pressure, diabetes, and heart problems. According to the International Diabetes Federation, in 2019, approximately 463 million adults were living with diabetes, with the number expected to reach 700 million by 2045. The rising prevalence of diabetes is expected to drive the demand for glucose meter devices. Technological developments in the area of IoT and AI, coupled with the growing population of older demography, are likely to propel the market growth of the internet-assisted eHealth devices such as care phones/social alarms.   The eHealth device market growth is propelled ...

Dark Spirits Market size is expected to reach USD 91.5 billion by 2028

  Dark Spirits Industry Overview The global dark spirits market size was valued at USD 55.11 billion in 2021 and expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2028.   This can be attributed to the growing consumption of the dark spirits from the emerging economies such as China and India. Moreover, the rising popularity for the scotch whisky product, coupled with growing demand for rum based spirit across the globe are the factors, expected to boost the market growth during the forecast period. Substantial growth in the food and beverage industry all over the world is one of the vital factors generating a positive outlook for the dark spirit market. Furthermore, the growing inclination for the premium craft spirits, particularly amongst the millennial is offering a thrust to the dark spirit market growth.     Gather more insights about the market drivers, restrains and growth of the Global Dark Spirits Market   Several c...

Mobile Voice Market size is expected to reach USD 528.4 billion by 2028

  Mobile Voice Industry Overview The global mobile voice market size was valued at USD 360.2 billion in 2021 and is expected to expand at a compound annual growth (CAGR) of 5.6% from 2022 to 2028.   The global market is primarily driven by increasing adoption of mobile communication services among various industry verticals such as IT and telecommunications, healthcare, and manufacturing. Technical advancements in Voice over Internet Protocol (VoIP) industry, and operator investments in fiber infrastructure across the globe. The proliferation of digital devices, enhanced interfaces for real-time communication, and apps have all contributed to a large growth in data use through wireless communication networks. As a result, people are increasingly likely to obtain real-time data via wireless digital devices rather than personal PCs. This is expected to drive the market in near future.   Gather more insights about the market drivers, restrains and growth of the Global M...

U.S. Digital Marketing Software Market size is expected to reach USD 82.61 billion by 2030

  U.S. Digital Marketing Industry Overview The U.S. digital marketing software market size was valued at USD 19.96 billion in 2021 and is expected to register a CAGR of 17.5% from 2022 to 2030.   The industry is expanding due to the rising demand for mobile devices and the ongoing shift from desktop computers to smartphones. As smartphone usage rises and high-speed mobile networks spread out, advertisers increasingly resort to mobile advertising. With the rise of online shopping and customers completing research on existing reviews before purchasing, digital marketing has increasingly become the most reliable form of mass communication in the country. In the U.S., digital marketing has emerged as a burgeoning, fast-paced sector.   Gather more insights about the market drivers, restrains and growth of the   U.S. Digital Marketing Software Market   In many end-use sectors and industry verticals, particularly SMEs, the market has developed through time in re...

Europe Digital Experience Platform Market size is expected to reach USD 8.09 billion by 2030

  Europe Digital Experience Platform Industry Overview The Europe digital experience platform market size was valued at USD 2.88 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.4% from 2022 to 2030.   The current growth can be attributed to the increasing rate of digital transformation across industry verticals and the growing need to enrich customer experiences for enhanced customer engagement. The COVID-19 pandemic compelled several businesses to become digital to improve workflow efficiency and preserve business growth. These platforms have enhanced automation and digitalization in several businesses in various industry verticals. Hence, more vendors are adopting digital experience platforms (DXP)s, which allow them to reach customers via digital devices and facilitate upselling and cross-selling across their businesses.   Gather more insights about the market drivers, restrains and growth of the Europe Digital Exp...

Personal Care Shower And Bath Market size is expected to reach USD 123.5 billion by 2028

  Personal Care Shower And Bath Industry Overview The global personal care shower and bath market size was valued at USD 83.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2028.   The market growth can be credited to the growing demand for oxygen moisture conditioners from consumers in China and India. The growing demand for shower and bath products is enhancing the sales of personal care products. Moreover, the rising popularity of long-lasting scent products is anticipated to boost the market growth over the forecast period. The growing acceptance of glossy repair shampoo products to aid the dandruff issues is the major factor driving the market. Moreover, the growing awareness in Europe regarding germ protection and moisturizing, coupled with the rising demand to procure head and body wash products at lower costs, is expected to offer growth opportunities for the market. However, the growing preference for natural ...

Minivans Market size is estimated to reach USD 122.7 billion by 2028

  Minivans Industry Overview The global minivans market size was valued at USD 100.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2028.   Increasing disposable income, affordability, and spending on passenger vehicles are major factors influencing the market growth. As a result of economic revolution and technological developments, passenger car affordability has increased leading to the increasing contribution from a middle-income class population, which is expected to increase further over the forecast period. Increasing product launches with improved functionality and aesthetics from the key manufacturers are anticipated to increase consumer interest and encourage purchase, further fueling the market growth.   Gather more insights about the market drivers, restrains and growth of the Global Minivans Market   New stylish products with excellent passenger and cargo space, flexible floorplan, and connec...

Large SUVs Market size is expected to reach USD 334.3 billion by 2028

  Large SUVs Industry Overview The global large SUVs market size was valued at USD 322.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 0.5% from 2022 to 2028.   The market is majorly driven by the increasing demand from the Middle East and Europe, attributed to the rising popularity of the sports utility vehicles, which is outpacing the others. The popularity of large SUVs is attributed to their properties, such as the look of a car and the functionality and power of the utility vehicle, over other passenger cars. It offers more capacity, and a higher vantage point for drivers due to higher seating, attractive styles, and connected features like passenger cars. Budding market demand for large SUVs in China is also contributing to the global market growth. Furthermore, frequent launches of large SUVs by manufacturers are fueling the market growth. For instance, Volkswagen launched Touareg R in October 2020 which comes with a plug-in hyb...

Fresh Fruits Market size is expected to reach USD 708.1 billion by 2028

  Fresh Fruits Industry Overview The global fresh fruits market size was valued at USD 551.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2028.   Increasing consumption of fresh fruits and juices is propelling the growth of the market. Moreover, the rising health concerns and increasing awareness about the benefits of fruits among people in developing and developed countries are major driving factors of the market. The growing food industry and increasing spending on fresh food products are expected to promote market growth over the forecast period.   As per the Food and Health Survey commissioned by the International Food Information Council, about half of the respondents have some concerns about eating food prepared outside the home. The rising population growth coupled with growing urbanization across the globe is anticipating the demand of the global market. In addition to this, increasing disposable incom...

Defoamers Market size is expected to reach USD 5.05 billion by 2030

  Defoamers Industry Overview The global defoamers market size was valued at USD 3.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030.   The market growth is attributed to the increasing usage of the product in numerous agrochemicals, including pesticides and fertilizers, and significant growth in the infrastructure of water treatment. The product plays a significant role in minimizing the carbon footprint caused by manufacturers and end-users, which is likely to propel the demand for low VOC solvent-free defoamers. Manufacturers are focusing on the usage of bio-based and sustainable raw materials instead of petro-based variants. Producers, on the other hand, are focusing on the development of modified and high-performance silicone compounds to enhance product performance.   Gather more insights about the market drivers, restrains and growth of the Global Defoamers Market   The product is widely ...

U.S. Cold Storage Market size is estimated to reach USD 66.74 billion by 2030

  U.S. Cold Storage Industry Overview The U.S. cold storage market size was valued at USD 30.26 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.2% from 2022 to 2030.   The growth can be attributed to several critical factors, such as technological advancements in packaging, processing, and storage of perishable food products and temperature-sensitive items. The market has also benefitted significantly from the stringent government regulation toward the production and supply of temperature-sensitive products. The industry is poised for unprecedented growth in the next seven years owing to growing organized retail sectors in the emerging economies which will create opportunities for the service providers over the forecast period.   Gather more insights about the market drivers, restrains and growth of the U.S. Cold Storage Market   Growing demand for connected trucks, high-cube refrigerated trailers, and vehicles that facil...

Tomato Ketchup Market size is expected to reach USD 25.4 billion by 2028

  Tomato Ketchup Industry Overview The global tomato ketchup market size was valued at USD 20.90 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.8% from 2022 to 2028. The growing processed food industry and rising demand for fast food across the world are driving the market. Moreover, the continuous efforts on introducing flavored products with attractive packaging increase the demand for tomato processed products in emerging economies. Additionally, the rising popularity of ready-to-eat food products has been a significant factor fueling the market growth.   A tangy and sweet flavored condiment that is prepared using tomatoes, various spices, seasonings, sweetener, and other additives is known as tomato ketchup. Sometimes, it is also referred to as ketchup. Increasing consumption of tomato ketchup with various fast-food items among the millennials and generation Z is driving the market. Moreover, the increasing use of tomato ketchup b...