Posts

Ethnic Food Market size is expected to reach USD 70.8 billion by 2028

  Ethnic Food Industry Overview The global ethnic food market size was valued at USD 39.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2028.   This can be credited to the rise in popularity of ethnic foods among developed nations. Consumers' growing interest in Asian cuisines globally, for example, Chinese and Japanese, is leading to the rise in demand for ethnic foods. The growing migration of Asian people to developed nations is also propelling the market growth. Furthermore, the rising millennial population which is always in search of exotic experiences is increasingly positive to adopt new ingredients and flavors in their food palate. This is also expected to propel the growth of the market for ethnic food during the coming years. Growing inclination among the millennial population towards experimenting, eating out, and eating inter-country foods on regular basis has been providing a surplus of growth oppor...

Household Paper Market size is expected to reach USD 55.37 billion by 2028

  Household Paper Industry Overview The global household paper market size was valued at USD 42.27 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2028.   This can be credited to the increasing awareness regarding hygiene and cleanliness among people. Rising health consciousness among consumers regarding infectious allergies and diseases has been a major boosting factor for the industry’s growth. The market has shown significant growth over the last few years owing to increased concerns about cleanliness and hygiene. Additionally, increasing advertence amongst the health-conscious consumers generates an opportunity over the forecast period. Also increased focus on disposable garbage, safe storage of food, and cleanliness of sanitary are some of the prime factors for the growth of household paper products.    Gather more insights about the market drivers, restrains and growth of the Global Household Paper Mar...

Vitamins & Minerals Market size is expected to reach USD 31.84 billion by 2028

  Vitamins & Minerals Industry Overview The global vitamins & minerals market size was valued at USD 23.29 billion in 2021 and is expected to expand at a compound annual growth (CAGR) rate of 4.6% from 2022 to 2028.   Growing self-care and increasing adoption of a more protective approach to wellness is primarily driving the vitamins & minerals market growth. Furthermore, growing self-medicate for minor ailments from consumers will anticipate boosting the vitamins and minerals market growth. The higher age group population has a rising demand for vitamins and minerals to meet their recommended dietary allowances due to insufficient intake, resulting in rising demand for vitamins & minerals in the global market.   Gather more insights about the market drivers, restrains and growth of the Global Vitamins & Minerals Market   Increasing awareness among consumers about health and wellness, changing lifestyles, and willingness to adopt healthier ...

Convenience Stores Market size is estimated to reach USD 3.12 trillion by 2028

  Convenience Stores Industry Overview The global convenience stores market size was valued at USD 2.12 trillion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2028. Strong economic growth in emerging markets, increased population density in urban areas, expanding investments in the retail business in developing nations, and rising popularity of the franchising idea all contributed to the growth of the market.   Convenience stores are gaining popularity as these stores contain each and every necessary item, benefitting customers to get the required items whenever needed in an emergency. Moreover, the market is surging due to long opening hours that provides customers with quick purchasing option of the necessary products when compared to other retail stores. The COVID-19 outbreak positively impacted the market. Convenience stores around the world have remained resilient to the pandemic, as customers visited convenience stores to...

Software Market size is estimated to reach USD 91.6 billion by 2028

  Software Industry Overview The global software market size was valued at USD 51.08 billion in 2021 and is expected to register a CAGR of 8.7% from 2022 to 2028.   The surge in the volume of enterprise data, rising automation of business processes, and growing digitization are the major drivers for the software market. Moreover, rising network security and privacy concerns are other factors that support the software market. COVID-19 outbreak positively impacted the software market. The increasing concern of cyber threats during COVID-19 has stimulated companies to implement software solutions and configure malware protection, recognition, and mitigation strategies, thus fueling the growth of the software market.   Gather more insights about the market drivers, restrains and growth of the Global Software Market The software mainly aims to protect and secure individual computing devices, information systems, internet communication, transactions, and networks. Secur...

Department Stores Market size was estimated to reach USD 166.08 billion by 2028

  Department Stores Industry Overview The global department stores market size was valued at USD 117.15 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2028.   A departmental store offers to purchase all the necessary items under one roof and the customers are not required to go from one store to another for purchasing products. This factor provides great convenience to the customers and also saves their time and energy, thus driving the overall market growth. Moreover, a wide variety of products from different manufacturers or retailers are sold in separate department stores, thus further driving the market. The COVID-19 outbreak negatively impacted the market. During COVID-19, department stores around the world remain closed due to strict lockdown across the globe. Moreover, supply chains were disturbed which affected the global retailers running the business.   Gather more insights about the market drivers, re...

Traditional Radio Advertising Market size is expected to reach USD 28.5 billion by 2028

  Traditional Radio Advertising Industry Overview The global traditional radio advertising market size was valued at USD 25.02 billion in 2021 and is expected to expand at a CAGR of 1.9% from 2022 to 2028.   Radio is an efficient and portable advertising medium that appeals to a broader audience across the globe, which may accelerate market growth. Moreover, radio provides wide demographic coverage to a varied audience via a number of programs such as media & entertainment, news, employment, and education, which in turn is expected to propel the market growth. Furthermore, increasing spending on traditional radio advertising by various industries owing to the cost-effectiveness is accelerating market growth over the last few years. Additionally, the growing urbanization and rising infrastructure development across the globe are anticipated to propel market growth in the forecast period.   Gather more insights about the market drivers, restrains and growth of the ...