Future Business Opportunities in Location of Things Market

The global location of things market is expected to reach USD 71.6 billion by 2025, growing at a CAGR of 34.07%, according to a new study by Grand View Research Inc. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.

Location of things is an emerging sub-category of the IoT concept that enables connected devices to monitor and communicate their geographic location. Enabled by IoT sensors and location technologies embedded into various connected devices allows organizations and service providers to collect a variety of data over the network. Over the years, a variety of location-based services has been introduced, such as Google Maps, Uber, Waze, and many others, which have been enabled by the ability of a smartphone to locate itself. Location being the most vital dimension of the data collected allows service providers to provide contextual content for each user.

Advancements in connected wearable devices, connected vehicles, connected homes, smart cities, and Industrial IoT (IIoT) are bound to open extensive market avenues for the location of things market in the coming years. However, issues related to privacy and safety along with universally accepted standards are expected to challenge the industry.

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Further key findings from the study suggest that:

• North America and Europe accounted for the majority share in the location of things market. Advanced infrastructure and accelerated adoption of smart devices along with the presence of major technology players are the key factors contributing to the regional market dominance.
• Mapping and navigation applications dominated the global location of things market with a share of 32.6% in 2017. The introduction of various applications, such as Google Maps, HERE Maps, and Apple Maps, among others, has enabled a variety of location-based services that have led to the segment growth.
• The transportation and logistics vertical segment acquired a major share in the location of things market in 2017, which is followed by the manufacturing and industrial segment. The development of connected car technologies and a variety of logistics solutions have enhanced the operational efficiencies and reduced the time-to-delivery for the transportation sector.
• Asia Pacific is expected to grow at a CAGR of nearly 35.9% over the forecast period. Advancements in technology infrastructure in countries such China, India, Japan, and other developing nations in the region are expected to drive the industry growth in the coming years.
• Increasing investments in IoT technologies and location-based services are expected to drive the growth of location of things market. Key market players include Google, HERE, Qualcomm, Apple, Pitney Bowes, and Bosch, among others.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-location-of-things-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 Information: www.grandviewresearch.com

Industrial Display Market: Opening Airways and Opportunities

The global industrial display market is expected to reach USD 7.26 billion by 2025, according to a new report by Grand View Research, Inc. Due to the growing complexity of industrial operations and processes, the use of industrial displays has become crucial to simplify operational tasks and provide technologically advanced features.

Human Machine Interfaces (HMIs) and other displays possess the ability to respond to the changing production demands and closely monitor the production processes, thereby decreasing the downtime and increasing workforce efficiency. A well-designed HMI enables line of sight into the system, which allows the operator to control or maintain the machine and enhance productivity.

OLED displays are expected to gain prominence on account of their enhanced picture quality and low power consumption. The technology is widely used in digital signage and display boards to indicate the operational status at factory floors.

Solution providers have begun offering IIoT application platforms integrated with industrial display devices and services. For instance, American Industrial Systems, Inc. (AIS) offers open platform computing solutions for IIoT and facilitates its application in industrial companies, factories, transportation & logistics, buildings, and smart cities.

Companies are investing heavily in R&D activities for designing technologically enhanced displays and offering distinguished products compared to their competitors. Mergers & Acquisitions (M&A), strategic agreements, and multiple partnership agreements are other growth strategies adopted by players to increase their product offering and expand their distribution platform.

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Further key findings from the report suggest:

• The HMI application segment is expected to account for the largest revenue share in the overall market by 2025, registering a CAGR of around 6% over the forecast period
• The demand for industrial displays is expected to grow substantially in the chemical, oil, and gas segment and the energy & power segment over the forecast period
• By 2025, the energy & power end-use segment is projected to account for around 25% of the total market revenue share.
• In 2016, the panel-mount displays and video walls together accounted for more than 60% of the total revenue share in the European region
• The LCD technology is widely used across all devices; however, the OLED technology is anticipated to witness a high growth over the forecast period
• Key players in the industry include LG Display Co., Ltd., Samsung Display, Pepperl+Fuchs GmbH, Advantech Co., Ltd., Planar Systems, Inc., WinMate, Inc., NEC Display Solutions, Ltd., Maple Systems, INC., Japan Display, Inc., Innolux Corporation, and Siemens AG

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-industrial-display-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 Information: www.grandviewresearch.com

Untapped Business Opportunities and Emerging Trends in Automotive Industry to fueling growth of Automotive Metals Market

The global Automotive Metals Market is expected to reach USD 129.33 billion by 2025, at a growing of 4.4%, according to a new report by Grand View Research, Inc. The global vehicle demand was 78.2 million units in 2011 and increased to 93.9 million units in 2016. Increasing demand for vehicles worldwide has led to increase in the production of vehicles, thereby propelling the demand for automotive metals.

Regulatory policies have led to increased focus towards the production of lightweight and fuel efficient cars which are anticipated to have a positive impact on the demand for aluminum, magnesium, high strength steel, and advanced high strength steel. Aluminum is the second majorly used metals in the automotive industry. It is used to manufacture engine radiators, wheels, bumpers, suspension parts, engine cylinder blocks, transmission bodies, hood, doors, and frame of the vehicles.

The automotive metals market is expected to witness restrained growth due to the high cost of certain metals including magnesium & aluminum and increasing use of plastics as replacement of metals in certain automotive components. Some of the majorly used plastics in automotive industry are polypropylene, polyurethane, polyamide, acrylonitrile butadiene styrene, and poly vinyl chloride while polyethylene and PMMA are expected to witness the fastest growth in the demand over the next eight years.

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Further key findings from the report suggest:

• Aluminum is expected to witness a significant growth of 6.1%, in terms of revenue, from 2017 to 2025 on account of its superior properties and lightweight as compared to other metals
• Power train is expected to witness sluggish growth of 2.5%, in terms of volume, from 2017 to 2025 on account of growing utilization of plastic & composite materials in this application
• Heavy commercial vehicles are anticipated to witness a CAGR of 1.0%, in terms of volume, from 2017 to 2025 on account of declining production of these vehicles globally
• The declining sales of vehicles and overstocking of components by the distributors has led to a sluggish growth of the market in Middle East & Africa. However, the region is expected to witness growth over the coming years as companies are focusing on the untapped areas such as car components.
• In November 2016, ArcelorMittal launched three new products for automotive application including ductibor 1000, usibor 2000, and martlnsite 1700
• In February 2017, Tata Steel signed definitive agreement with Liberty House Group for the sale of its specialty steel business

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 Information: www.grandviewresearch.com

Door Handle Market Is Likely To Reach $3.3 Billion By 2025

The global door handle market size is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% over the forecast period. The market has been gaining an increasing traction among the consumers on account of their frequent purchases to keep up with the latest trends in the market.

Moreover, companies are manufacturing fashionable products with modified and improved designs, patterns, and materials that offer rich aesthetic appeal to the infrastructures. The market growth is also attributed to booming residential and commercial construction, driven by rapid urbanization and industrialization, along with increasing consumer spending on home remodeling and interior fittings.

Shifting customer preferences from ornate fittings to contemporary patterns has been driving the manufacturers to introduce these products with sleek and luxurious designs and materials. Knob style handles are gaining an increasing acceptance among the consumers due to their compact structure and availability of various appropriate designs for every infrastructure. Some of the prominent designs trending in the market are polished nickel, matte texture, brass and bronze finishes, crystal, and satin look available in various geometric shapes and patterns. Some of the companies offering such products are ASSA ABLOY and Carlisle Brass Ltd.

Door knobs are expected to exhibit the fastest CAGR of 4.2% over the forecast period. This growth is attributed to increasing product modifications in terms of designs, styles, and look. These products are expected to have a vast application in the residential sector as it fits the style and appearance of any door and surrounding furniture. Companies are also adding contemporary designs to knobs with an aim to provide an elegant look to the doors.

Asia Pacific held a share of 31.4% in 2018 and is expected to witness the fastest growth over the forecast period. This growth is attributed to rising establishment of residential and commercial infrastructures and booming tourism industry. Growth of the tourism industry is driving the construction of commercial buildings such as restaurants and hotels. For instance, Brazil has established 54 new hotels, providing 10,591 new rooms in 2018.

International sporting competitions such as the 2020 Summer Olympics, which is scheduled to take place in Tokyo in 2020, are fueling the capacity of hotels and restaurants in Japan. Hotels such as Park Hyatt, Hyatt Regency, and InterContinental are expected to open shortly. Increasing number of construction projects is expected to augment the demand for the global market.

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Further key findings from the study suggest:

• Lever handles accounted for the largest share of more than 40.0% in 2018
• The residential sector accounted for the largest share of more than 50.0% in 2018 due to demand for door handles by the new construction and home remodeling projects
• Asia Pacific accounted for a share of 31.4% in 2018 owing to growing establishment of residential and commercial infrastructures and booming tourism industry
• Some of the key players operating in the global door handles market are ASSA ABLOY Group, Hafele, Allegion plc., Sobinco, LATHAMS SECURITY DOORSETS Ltd., Kuriki Manufacture Co., WEST inx, Ace Hardware, and India International House Ltd.

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Profitable Advantages of Investment in Musical Instruments Market

The global musical instruments market size is anticipated to reach USD 9.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.2% over the forecast period. Increasing awareness related to various types of music, along with high product visibility of electronic music instruments, is expected to drive the market over the forecast period.

The string and percussion segment dominated the global market with a share of 79.2% in 2018. High product visibility of guitars, violins, and pianos is a major factor contributing to the growth of this segment. Electric guitars have gained significant popularity among the youth population because they are easy to learn and play. However, digital musical instruments are expected to expand at the fastest CAGR of 4.1% from 2019 to 2025. They are capable of producing studio sound effects with a single instrument that has an electronic circuit embedded inside it. This is expected to drive the music industry, which will fuel the product demand.

Asia Pacific occupied the largest market share in 2018 owing to high demand in countries such as Japan and China. China is one of the major countries contributing to the growth of the global market as major manufacturers are leveraging the high influence of western culture in this country. Moreover, production facilities are set up in various developed countries of this region, which, in turn, will improve the production capacity and increase sales. This is expected to positively influence the music instruments market growth in this region.

North America is anticipated to witness the fastest growth from 2019 to 2025 owing to rising popularity of electronic instruments. Majority of the parents in U.S. encourage their children to learn music from a very young age, which helps in developing their taste for music. Such individuals tend to take up music as their profession, which, in turn, will the improve the market demand in this region. This is further expected to contribute to the overall growth of the market over the forecast period.

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Further key findings from the study suggest:

• The wind instruments segment in music instruments market is projected to ascend at a CAGR of 3.1%, on account of high availability and growing preference for traditional music among senior citizens
• Europe is expected to expand at a CAGR of 3.5% owing to significant product demand in major countries like Germany and France, which are expected to witness a significant influence of western music culture in the projected period
• In April 2018, as per revised trade rules for shipping musical instruments, instruments containing rosewood require a separate documentation. Illegal rosewood smuggling is carried in out in China, which will hamper use of rosewood in production of high-quality guitars.

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Cosmetics Packaging Market Worth $35.9 Billion By 2025 | CAGR: 4.8%

The global cosmetic packaging market size is expected to reach USD 35.9 billion by 2025, expanding at a CAGR of 4.8% in the forecast period, according to a new report by Grand View Research, Inc. Growing fashion trends and attractiveness towards innovative and designer packing material for personal grooming products are anticipated to drive the market in the forecast period.

By material type, the plastic segment dominated the cosmetics packaging market with a share of 62.5% in 2018. Wide variety, application, and low cost of the material are likely to fuel the segment growth in the forecast period. Paper is anticipated to expand at the fastest CAGR of 5.9% due to increasing awareness regarding eco-friendly packaging. High use of paper as a secondary packaging is also driving the segment in the forecast period.

Skin care led the market in 2018, accounting for 47.9% share of the overall revenue. Innovation in the products such as introduction of anti-ageing products is likely to drive the segment in the forecast period. The make-up segment is anticipated to emerge as the fastest growing segment in the forecast period. Growing young population and increasing number of women in the corporate are fuelling the growth of this segment.

Asia Pacific was the leading regional market in 2018, accounting for 40.0% share of the overall revenue. Growing demand among the millennials in the emerging countries such as India, China, and Japan, which account for more than 34% of the global population, is boosting the regional market growth. Muslim dominated countries in Middle East are likely to witness significant growth in the coming years. Shifting target audience to Muslims due to increasing demand for halal cosmetics is driving the market in the region.

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Further key findings from the study suggest:

• By material type, the paper segment is ascend to expand at a CAGR of 5.9% in the forecast period
• Make-up is anticipated to expand at the fastest CAGR of 5.7% in the forecast period
• Countries such as Saudi Arabia and UAE, which are Muslim dominated, are projected to witness significant growth in cosmetics packaging market due to increasing demand for halal cosmetics.

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Profitable Advantages of Investment in Luxury Travel Market

The global luxury travel market size is expected to reach USD 2.5 trillion by 2025, expanding at a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Increasing disposable income and consumer spending of middle and upper class, growing demand for accumulation of travel memories, increase in micro trips, and emerging tourism and corporate industries all across the globe are expected to drive the market.

Growing traveler’s preference for personalized service, reliable transport, exclusivity, and positive and professional interaction with staff is setting the primary benchmark for luxury travel. Growing political stability across the globe regarding gender, ethnicity, sexual orientation, human rights, racism, citizenship, and less hustle in visa offering are influencing the people’s decision over potential travel destination. Long haul travelers are seeking to create their own unique holiday and are demanding flexible itineraries for a combination of entertaining and relaxing travel. This personalization demand of the travelers is making their journey more convenient and full of experience.

Elite travelers are preferring to visit the unexplored destinations to gain experience and understand the new cultures worldwide. Moreover, they are planning unique trips that include cultural visit, cruising, and adventure activities putting experience over ownership. Travelers now care for access over acquisition and experience over possession, thereby contributing to the growth of the market. Micro trips have emerged as a new trend in the industry, which, in turn, is expected to boost the market growth in the forecast period. Travelers are squeezing in more travel itineraries into shorter time frames. To stay and spend quality time during short getaways in unique and remarkable type of accommodation is expected to become trendy in the forecast period

By tour type, the market is divided as customized and private vacations, safari and adventure, cruises, yachting, and small ship expeditions, celebration journeys, culinary travel and shopping, and others. Safari and adventure accounted for the largest share of 35.3% in the year 2018 as luxury travelers are seeking more depth to understand local culture, sense of adventure, and less crowded environment. Personalized vacation aimed at safari and adventure is getting popular among all age groups, thereby surging the segment growth.

On the basis of age group, the luxury travel market has been segmented into millennial, generation x, baby boomers, and silver hair. Millennial is the fastest growing segment with a CAGR of 5.4%. Millennials have a mindset for luxury and its meaningful consumption over owing stuff. They tend to be more independent in their religious and political views, more entrepreneurial, less likely to be married, distrustful of authority, better educated, and more travel oriented than any other generation. Millennials are shifting their focus from traditional pampering to a wider range of compelling experiences.

North America was the largest regional market in the year 2018 and this trend is expected to continue over the forecast period. In 2018, U.S. was the largest shareholder of this market with a share of 85.5% in North America as it is a global financial hub as well as one of the most popular tourist destinations for people across the world. Increase in shorter trip over long haul trips is expected to fuel the market growth over the forecast period.

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Further key findings from the study suggest:

• By tour, the safari and adventure segment is projected to ascend at a CAGR of 4.3% over the forecast period in luxury travel market
• By age group, baby boomers held an overall revenue share of over 40.0% in 2018
• U.S., U.K., Germany, China, India, Brazil, and South Africa are the major countries with the largest market in their respective regions.

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Agricultural Enzymes Market Trends - Rising Usage of Bio-Products in the Agricultural Industry

The global agricultural enzymes market is expected to reach USD 671.4 million by 2025, according to a new report by Grand View Research, Inc. The increase in the consumption of organic food has been a major driving factor for the global industry growth. In addition, the rising usage of bio-products in the agricultural industry is also anticipated to be a major boost for the market.

Agricultural enzymes are biodegradable proteins used for enhancing the crop growth. Some of its other major application are crop protection against insects, pest & diseases, enhancing soil fertility, and decomposition of agricultural wastes. Such inherent advantages of the product are expected to benefit the market.

Cereals & grains crop type is anticipated to have the fastest growth rate over the next eight years. It is estimated to grow at a CAGR of 12.4% from 2017 to 2025. The enzymes added in cereals and grains have the ability to remove bran and germs from the crop. Exogenous is one such enzyme which provides an aid to maintain the quality of harvest and facilitate nutrient loss prevention. These factors are projected to propel the cereals & grains segment growth over the next eight years.

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Further key findings from the report suggest:

• The global agricultural enzymes market was valued at USD 246.9 million in 2016 and is expected to grow at a CAGR of 11.8% from 2017 to 2025
• Crop fertility was the largest product type segment in 2016 and is anticipated to hold over 40% of the market by 2025. Agriculture enzymes present in the soil are used as the index of soil fertility, owing to the fact that they are sensitive and respond to the soil management hastily than soil variables.
• Growing population across the globe coupled with pressure for increasing productivity in agricultural industry is favoring the segment growth
• Phosphatases were the largest enzyme type segment in 2016. It is produced by many organisms present in the soil and has the ability to solubilize soil mineral elements. Owing to aforementioned properties it is expected to follow the same trend.
• North America was the largest market with over 31% of the market share in 2016. The demand in the region is rising owing to growing demand for food processing and high focus on biotechnology.
• Asia Pacific is expected to be the fastest-growing region over the forecast period. Increasing investment in the research and development activities in the nation towards diverse farming practice is expected to drive the industry.
• Major industry participants include Novozymes, Syngenta, BASF, Creative Enzymes, Afrizymes, Specialty Enzymes & Biotechnologies, American Biosystems, Inc, Cypher Environmental, Aum Enzymes and Enzymes India Pvt. Ltd.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-agricultural-enzymes-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 Information: www.grandviewresearch.com

Premium Insights on Thermal Spray Coatings Market 2025 with Regional Analysis and Key Industry Trends

The global thermal spray coatings market size is anticipated to reach USD 14.99 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 6.8% during the forecast period. Increasing product demand from the aerospace, industrial gas turbines, and a few other application industries is expected to propel market growth.Moreover, growing demand for corrosion-resistant coatings from these sectors is expected to be a key driver for the market. Thermal spraying is used to improve or restore the surface of a solid material.

It can also be used to apply coatings to a wide range of components and materials for better provide resistance against cavitation, wear, abrasion erosion, heat, and corrosion. In addition, it is used to provide insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other desirable properties to the coated surface. These coatings have high-potential market opportunity on account of their properties, such as biocompatibility, cavitation resistance, and aesthetic appeal. Increasing oil & gas exploration activities, particularly in Asia Pacific, coupled with upcoming shale gas explorations across the globe are expected to fuel the demand further. There are several regulations governing the global market.

These regulatory standards define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates. Medical is expected to be the fastest-growing application segment on account of increasing application scope of thermal spray coatings in the biomedical sector. These coatings help extend the shelf life and improve performance of dental and orthopedic implants. Advantages of using such coatings in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement. Asia Pacific is expected to be the fastest-growing regional market on account of increasing vehicle production along with rapid economic growth in China, India, Japan, Indonesia, South Korea, and Thailand.

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Further key findings from the study suggest:

• Aerospace application segment led the thermal spray coatings market accounting for share of 32.29% in 2018 and is projected to maintain its dominance even during the forecast years
• The market in U.S. is anticipated to exceed USD 3.04 billion by 2025 owing to the presence of key manufacturers and suppliers in the country
• The global market is highly competitive with the presence of a number of global medium- and small-scale companies
• Prominent companies include Praxair Surface Technologies; H.C. Starck, Inc.; Wall Colmonoy; Powder Alloy Corp.; Carpenter Technology Corp.; Montreal Carbide Co. Ltd.; and Kennametal Stellite
• These companies have undertaken several strategies, such as merger & acquisition and product development, to expand their market reach and product portfolio

Access Press Release Of This Research Report by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermal-spray-coating-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 Information: www.grandviewresearch.com

Savory Snacks Market Trends: Growing Consumption Of Healthy Snacks

The global savory snacks market is expected to reach USD 218.44 billion by 2025, according to a new report by Grand View Research, Inc. The rising health awareness coupled with growing consumption of healthy snacks is expected to drive demand for the product.

Savory snacks are majorly categorized as snacks that are not sweet in taste. The market growth of these products is driven by health considerations and consumer taste. The presence of numerous flavors coupled with rising R&D investment by major industry players in order to introduce new products is further expected to propel growth over the coming years.

The major products in the market are potato chips, nuts & seeds, extruded snacks, and popcorn. The growing consumption of convenience food is expected to fuel the demand for the product. The changing retail landscape and the rise of e-commerce are expected to have a positive impact on the growth over the next nine years.

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Further key findings from the report suggest:

• Nuts & Seeds are expected to be the fastest growing segment with a CAGR of 9.4% from 2016 to 2025 on account of rising demand from Japan and Brazil
• Convenience stores are expected to be the highly preferred distribution channel in 2025 with a share of over 33% on account of easy availability of the products
• The roasted/toasted flavored savory snacks are the largest flavor segment in the market growing at a CAGR of over 8.0% from 2016 to 2025. The familiarity of taste and availability of a large number of products in this flavor are expected to drive the demand.
• Asia Pacific is the fastest growing regional segment with market share of over 30% in 2015. The growing demand from developing countries such as India, Indonesia, and Thailand is expected to propel the demand over the next nine years.
• The industry participants are constantly engaged in improving their operations and introduction of new flavors to gain market share. The industry is characterized by high marketing costs and rising investments in order to improve the supply chain of the company.

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Thermal Energy Storage Market is Projected to Reach $12.50 Billion By 2025

The global thermal energy storage market is expected to reach USD 12.50 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for access to efficient and cost competitive energy sources is expected to favor market growth. 

Thermal energy storage is considered to be the primary renewable option for electricity generation. Heat stored by short term and seasonal thermal energy storage systems are extremely helpful in balancing the variations in renewable electricity production & distribution, in a cost effective manner. It causes no adverse impact on the environment and is a sustainable source of energy.

The renewable energy demand has increased from various countries including, the U.S., South Africa, Saudi Arabia, Brazil, China, and India. The governments of these countries are trying to derive solutions & technologies to store the generated energy from renewable sources such as tides, wind, biomass, and sun. The rising demand from these regions coupled with the novel product development by industry participants is expected to drive market growth over the forecast period.

A large number of energy storage equipment manufacturers & service providers are involved in the adoption of various strategies such as new product developments, partnerships, agreements, collaborations, and joint ventures in order to increase market penetration and cater to the changing technological requirements of different end-use applications in the region.

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Further key findings from the report suggest:

• In terms of technology, molten salt technology is expected to follow an anticipated CAGR of 16.4% over the next eight years
• Molten salt technology is utilized to store the heat collected by means of solar troughs and solar towers. The growing awareness regarding the technology is expected to benefit the segment demand
• Asia Pacific is expected to witness the highest growth over the forecast period. Rising demand from countries such as China and India and government initiatives are expected to benefit the demand in the region
• The global thermal energy storage demand in power generation application was USD 0.57 billion in 2016 and is anticipated to witness the fastest growth over the next eight years
• The U.S. market was valued at USD 0.52 billion and is estimated to reach USD 2.32 billion by 2025
• The Middle East & Africa region is anticipated to witness high growth at a CAGR of 15.7% by 2025. The MEA region has a number of concentrating solar power (CSP) projects which include thermal energy storage installed in countries such as United Arab Emirates (UAE), Saudi Arabia and Morocco
• Key players of the industry include Chicago Bridge & Iron Company N.V. (CB&I), Abengoa Solar S.A., Ice Energy, Evapco, Inc., and Dunham-Bush Holding Bhd. These major players are investing in R&D activities to enhance their product portfolio and thus increase their geographical presence

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermal-energy-storage-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 Information: www.grandviewresearch.com

Vacuum Grease Market Estimated To Reach $155.9 Million By 2025

The global vacuum grease market is expected to reach USD 155.9 million by 2025, growing at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Increasing use of high precision machines operating under vacuum environments is leading the demand for vacuum grease to provide lubrication in high temperature and pressure environments. Also, its demand is rising owing to its wide acceptance as a safe sealant among industries such as food processing, automotive and aerospace.

Vacuum grease, available in various variants depending on the base oil used, such as silicone based, hydrocarbon based, and fluorocarbon, is largely used as a sealant of O-rings, bearings, valves in vacuum environments. Europe and North America, were estimated as the dominant regions comprising a maximum share of the market in 2016. The growth in these regions are led by Germany and U.S. respectively. Germany, one of the largest exporter of food processing equipment, was estimated to be the largest consumer.

In terms of revenue, the global vacuum grease market in 2016 was driven by its applications in laboratory, food processing, automotive, and aerospace industries. In 2016, Europe and North America, emerged as the largest regional segments owing to the rapid investment and focus on research activities in academic, health care, and industrial sectors.

The demand is expected to witness significant growth in Asia Pacific region owing to the demand from end use industries such as manufacturing and aviation. Also in 2016, fluorocarbon based type was estimated to comprise the largest market share in terms of revenue. Food processing industry in Asia Pacific region is growing at a rapid pace, providing lucrative opportunities for the new entrants in this region. However, the presence of large number of unorganized manufacturers is expected to slow down the anticipated expansion of the key manufacturers to certain extent.

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Application Insights

Perfluorocarbon based products are suitable for aerospace applications to provide lubrication for critical components that work in high temperatures and pressures typically ranging from -70°C to 399°C. Components in aircrafts are exposed to extreme shock, heat and pressure and hence they require products whose lubricity and viscosity is unaffected by such harsh environments. Typical aerospace applications require lubricants that are also compatible for use with elastomers, plastics and paints.
In automotive applications, hydrocarbon based grease is applied for lubrication of O-rings, bearings, valves, suction cups, conveyors, lifting systems and gripping systems. Large number of players producing vacuum solutions for automotive industry are emerging particularly in Asia Pacific region as it is rapidly growing in India and China which is anticipated to boost the growth of the market.

Competitive Insights

The market is fragmented, with the global and domestic players competing on the basis of prices and product expansion. Established players including Dow Corning Corporation, Solvay S.A and The Chemours Company compete in terms of innovation, pricing and new product development abilities. The companies provide high performance, quality, regulatory compliant and application specific products with customized solutions in terms of services. Global players such as Dow Corning Corporation cater to their domestic market while catering to the demand across all the other regions globally.

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Nonalcoholic Beverage Market Is Likely To Reach $1.60 Trillion By 2025

The global nonalcoholic beverage market is expected to reach USD 1.60 trillion by 2025, according to a new report by Grand View Research, Inc. Rising societal awareness toward serious health problems is acting as the biggest driver for nonalcoholic beverage 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.

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Further Key Findings from The Report Suggest:

• The global nonalcoholic 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 nonalcoholic 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. 

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Power Plant Boiler Market To Cross $28.0 Billion By 2025

The global power plant boiler market is expected to reach USD 28.0 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for electricity is expected to propel the sector growth. The global population is increasing at a robust pace and likely to reach 2.2 billion by 2050. Moreover, the increase in population has led to rapid urbanization, especially in the developing countries. As per the United Nations World Urbanization Prospects, it is estimated that the urban population, which was 30% of the global population in 1950, is projected to reach 66% by 2050.

The growing urbanization has led to a rise in power consumption. To cope up with the rising power demand, governments across the world are on the lookout for various alternatives to boost power generation capacity. For instance, the government of India is offering power generation subsidiaries to operators to generate power through biogas. The government offers nearly USD 30 thousand per MW. The subsidy is valid only for the boiler manufacturers and steam turbine producers. Such initiatives are likely to produce modest demand for boilers over the forecast period.

Netherlands-based BDR Thermea acquired ECR International in 2016 to expand the company’s existing product portfolio in the North America market via the latter’s distribution network. Key vendors analyzedin the report are Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries, Ltd.; and General Electric (GE). Mergers and acquisitions continue to form an integral part of the market growth.

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Technology Insights         
The subcritical segment is likely to be the most dominating technology over the forecast period. The share of this technology is likely to increase from 73.9% in 2016 to 74% by 2025. The growth can be attributed to the dependency on coal for power generation. The number of coal-based power plants is increasing at a modest rate, especially in the developing economies. The easy availability and low input costs are likely to be the key drivers for the growth of the segment over the predicted timeline.

Competitive Insights
The market is witnessing a change in the market dynamics as the market is moving toward globalization. The boiler manufacturers are branching out into the global market, especially in the developing economies. The rising globalization in the market has created new challenges for the market vendors. The companies operating in the market are required to manage the supply chain to remain competitive. In addition, the manufacturers should remain competitive while adhering to the norms and policy set to design or manufacture boilers.

Key players include Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries Ltd.; and General Electric (GE). Mergers of major players in the industry are likely to consolidate industry in the predicted timeline. The dynamics suggest vendors to focus on the research and development of the new technologies to limit the emissions

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Krill Oil Market Trends - Growing Demand For Dietary Supplements

The global krill oil market is expected to reach USD 709.4 million by 2025, according to a new report by Grand View Research, Inc. The increasing awareness regarding omega 3 deficiency and growing demand for dietary supplements are expected to drive demand for krill oil over the forecast period.  The market is largely influenced by associations such as Marine Stewardship Council (MSC) and Association of Responsible Krill Harvesting Companies (ARK). 

Globally, Europe is the dominant regional market. The presence of major fisheries and favorable trade environment is likely to drive the growth in this region. The rise in fishing activity and presence of krill fish in oceans surrounding South Asian countries such as India and Vietnam is expected to drive the industry in this region over the forecast period. 

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Further key findings from the report suggest

• Tablets was the dominant segment with a market share of over 70% in 2015 owing to growing popularity of this form of omega 3 supplements
• Capsules are the fastest growing product segment within the tablet category growing at a CAGR of over 13% from 2016 to 2024 owing to rising number of manufacturers preferring to manufacture krill oil capsules rather than soft gels.
• The demand in Europe was over USD 60.0 million in 2015, accounting for over 35% of the overall market. Growing awareness in the region about omega 3 substitutes and rising consumer knowledge about omega 3 products is driving the industry in this region.
• The industry participants have been engaged in rapid new product development and consumer awareness campaigns to increase the penetration of the products.
• They have been focusing on the emerging economies in order to expand their global foothold and increase the customer base. 

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Breathable Antimicrobial Coatings Market Enhance Growth of $676.7 Million By 2025

The global breathable antimicrobial coatings market is expected to reach USD 676.7 million by 2024, according to a new report by Grand View Research, Inc. Growing population and high focus towards better healthcare services are expected to fuel the demand over the forecast period. In addition, supportive government regulations and increasing medical device & pharmaceutical manufacturing in developing economies are expected to augment utilization of the product over the forecast period.

Rapid development in antimicrobial technology is expected to play a key role in augmenting market development. Numerous companies namely Microban, Biocote, and Sciessent have been involved in providing effective antimicrobial technologies for numerous industries including medical, food, textiles, and construction.

The University of Dundee has been focused on developing new technologies for medical devices in order to prevent infections and its related diseases. They have developed nanocomposite coatings to reduce bacterial colonization & adhesion, thrombus formation, and prion adhesion.

They have been focusing on developing antimicrobial coatings, especially for implanted medical devices. Similarly, the University of South Australia developed new technology to reduce the risk of infection after biomedical implants such as knee or hip replacement.

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Further key findings from the report suggest:

• Indoor air quality dominated the market in 2015 and is expected to witness a CAGR of over 11% from 2016 to 2025 on account of rising concerns regarding pollution of indoor environment including workplaces
• Mold remediation is expected to witness significant growth as the product is highly effective in controlling the moisture content inside the building as well as prevention of molds
• North America is expected to witness considerable growth of over 11% from 2016 to 2025 on account of extensive research & development being conducted by the market players
• Asia Pacific is expected to witness above average growth on account of increasing demand from developing economies, particularly, China and India and rising manufacturing capabilities
• The majority of the market players supply their products through direct online channels. For instance, Fast Mold Removal sells its products through its website named “fastmoldremoval.com”. Similarly, H.B. Fuller also operates its online channels in various regions across the world.

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Air Freshener Dispenser Market Is Likely To Reach $13.1 Billion By 2025 | Key Players Qingdao Anyfeel Electric Co. Ltd.; Jarden Corporation

The global air freshener dispenser market size is anticipated to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.2% over the forecast period. Growing preferences for high-end lifestyles, coupled with demand for convenient devices that help in hassle free air care, has been providing lucrative opportunities for the global market.

Consumers’ demand for automated utility products is driving the popularity of air freshener dispensers. Electric dispensers are commonly used across the residential and commercial sectors. Features such as effective functionality, compact designs, portability, and convenient use are resulting in increasing traction of this product. Wall mounted dispensers, which serve as a handy gadget, have the highest acceptance due to their easy installation. For instance, Qbic is a brand owned by CGS Stores LTD, a company that specializes in online stores. This store offers a wide range of electric air freshener dispensers sourced from Europe, Asia, and U.S.

Online distribution channel is expected to expand at the fastest CAGR of 15.6% over the forecast period. Companies are tying up with online retailers as well as introducing their e portals. For instnace, Alibaba, Hygiene Supplies Direct U.K., Amazon, and Walmart tied up with leading home fragrance manufactures. Brands such as Airwick by Reckitt Benckiser are widely available on retailer websites such as ASDA, TESCO, Sainsbury’s, Morrisons, Waitrose, Ocado, and Amazon in U.K.

The residential end user segment accounted for a major share of more than 70.0% in 2018. Growing need to maintain healthy indoor air quality, consumers’ busy lifestyle, and increasing preferences for automated products have resulted in increased popularity of air freshener dispensers. Companies are continuously focusing on offering modified features and technology that eliminates the need for any manual intervention. The commercial end user segment is expected to witness the highest growth over the forecast period owing to growing importance of maintaining hygiene in the public areas with minimal manual operations.

Europe accounted for the largest market share in 2018. Effective retail infrastructure, presence of large number of online retailers, and high purchasing power of the consumers are some of the factors contributing to the market growth in Europe. The market in Asia Pacific is expected to witness the highest growth during the forecast period. The market is expected to be driven by improvement in lifestyle, coupled with increasing purchasing power in countries such as China and India.

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Further key findings from the report suggest:

• The global air freshener dispenser market is expected to expand at a CAGR of 15.2% from 2019 to 2025
• By end user, the residential segment accounted for a share of more than 70.0% in 2018 and is expected to witness steady growth over the forecast period
• By distribution channel, supermarkets/hypermarkets held a major share of more than 40.0% in 2018 and is expected to maintain its lead in the next few years
• Key market players include Vectair Systems Ltd.; Reckitt Benckiser Inc.; Qingdao Anyfeel Electric Co. Ltd.; Jarden Corporation; Farcent Enterprise Co. Ltd.; S.C. Johnson & Son Inc.; Church & Dwight Co. Inc.; Procter & Gamble Co.; and Henkel KGaA.

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Premium Insights on Ceiling Fan Market 2025 with Regional Analysis and Key Industry Trends

The global ceiling fans market size is expected to reach USD 12.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Increasing popularity of technologically advanced smart fans with various add-on convenience features including voice control and smartphone access is expected to play a key role in expanding the market reach. Additionally, implementation of new government initiatives to ensure the electricity access to the rural areas in developing economies including China, India, Bangladesh, and Mexico is expected to expand the demand for ceiling fans over the next few years.

Standard product was the largest product segment in 2018. Consumers prefer to purchase these products due to its wide range of availability, coupled with cost effectiveness. Additionally, under this product category, the companies are introducing high speed and energy saving products to cater to the growing requirements from the residential and commercial segments.

Small size fan is projected to be the fastest growing category with a CAGR of 7.7% from 2019 to 2025. This product is used in small rooms to circulate air and decrease temperature. Growing urbanization has led to room space problem in metro cities, which will promote the utility of small size products in the upcoming years.

Asia Pacific is expected to remain one of the lucrative markets for ceiling fans over the next few years. Expansion in the population of middle-class income groups in emerging economies including China, India, Bangladesh, and Philippines is expected to remain a favorable factor, which, in turn, will promote the usage of the product. Furthermore, implementation of various policies by the governments of China and India aimed at ensuring the electricity access to the rural households at the domestic level is projected to open new opportunities for the ceiling fan industry.

Key ceiling fan manufacturing firms include Crompton Greaves, Emerson Electric Co., NuTone, Hunter Fan Company, Shell Electric MFG Co. Ltd., Big Ass Fans, Ajanta Electricals, Del Mar Fans & Lighting, Mega Home Appliances, and The Henley Fan Company Ltd. Some of the manufacturers are focusing on new product developments and alliance formation with distributors in order to expand their reach to the consumers. Moreover, they are expected to increase spending on the launches of advanced products including smart fans.

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Further key findings from the report suggest:

• Medium size products generated a revenue of USD 7.1 billion in 2018
• Online channel is expected to ascend at the fastest CAGR of 5.1% from 2019 to 2025 as it provides excellent convenience to the buyers
• The residential application segment is expected to account for more than 70.0% share of global revenue by the end of 2025
• Asia Pacific dominated the ceiling fan market in 2018, accounting for a share of 51.9% owing to high concentration of middle-income groups in countries such as China and India.

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Market Outlook of Global Hot Drinks Industry Analysis and Foresight Report to 2025

The global hot drinks market size is expected to reach USD 397.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% over the forecast period. Hot drinks help in reducing the prevalence of various lifestyle related diseases such as blood pressure, obesity, and stress. Increasing awareness related to the various health benefits associated with consumption of hot drinks among the young generation is expected to drive the market over the forecast period.

The vendors are launching various ready to make drinks with various flavors and aromas to attract young consumers. Increasing product availability and retail outlet is driving the market for hot drinks over the forecast period. Furthermore, manufacturers are adopting various food safety regulations such as GRAS, Kosher, HACCP, USDA Organic, and GMP to ensure delivery of quality product and to attract larger customer base.

Increasing prevalence of various lifestyle related diseases in both developing and developed countries has led to an increase in consumer interest in healthier products, thereby providing growth opportunity for hot drinks over the forecast period. It has been surveyed that hot green tea is known to be very healthy, which helps to increase the metabolism and weight loss. Furthermore, herbal tea helps in detoxification and relieving stress, which is expected to fuel demand for tea over the forecast period.

Coffee dominated the market in 2018 and is expected to maintain its lead over the forecast period. Increasing penetration of organic coffee and coffee pod is a key factor fueling the demand for coffee over the forecast period. Tea is expected to witness significant growth over the forecast period. Increasing launch of flavored and aroma tea is driving the interest of young consumer.

Asia Pacific is expected to expand at a CAGR of 7.9% over the forecast period. Increasing number of millennials, coupled with franchise outlet in the region, is a main factor driving the regional hot drinks market over the forecast period. Moreover, increasing installation of coffee wending machines at office premises will provide growth opportunity for the hot drinks over the forecast period.

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Further key findings from the report suggest:

• By product, coffee dominated the global market with a revenue share of 42.7% in 2018.Tea is anticipated to ascend at a CAGR of 7.6% over the forecast period
• Asia Pacific dominated the global hot drinks market in 2018 and is expected to expand at the fastest CAGR of 7.9% over the forecast period. This trend is projected to continue over the next few years
• The industry is highly competitive with the leading players including Costa Coffee; Starbucks; Celestial seasoning Inc.; Caffe Nero; and Ajinomoto General Foods Inc.
• Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

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Laptop Backpack Market Research Including Growth Factors, Types And Application By Regions – 2025

The global laptop backpack market size is expected to reach USD 1.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% over the forecast period. Rising consumer needs for technical gadgets in the workplace as well as educational institutes have created demand for backpack to provide protection from scratches, water damage, moisture, and heat. Manufacturers are increasing spending on new product developments to fulfill consumer growing demand. For instance, in July 2016, Samsonite IP Holdings S.AR.L launched protective laptop backpacks for professionals and school students.

The student application segment is expected to witness the fastest growth in the forecast period. Smart laptop backpacks in new color designs is gaining popularity among students as a result of new product launches by manufacturing companies in e-commerce portals. For instance, in August 2018, India based company, Portronics.com launched smart laptop backpack under their existing Elements series. Furthermore, increased use of laptops among students in developed economies including U.K. and Germany is expected to have a positive impact on the Laptop Backpack market growth.

Online distribution channel is expected to be the fastest growing channel, expanding at a CAGR of 4.7% from 2019 to 2025. These channels have gained popularity as they offer products on high discounts, which attract consumers to prefer this channel. Growing penetration of smartphones in developing countries including China, India, Mexico, Brazil and South Korea is expected to promote the access of online retailers in the near future.

Asia Pacific held the largest share in 2018 and is expected to register the fastest CAGR of 4.5% from 2019 to 2025. Expansion of the middle class population in developing countries such as China and India, coupled with requirement of technical gadgets at schools, colleges, and workplaces, is expected to remain a key factor driving the market. Furthermore, positive outlook towards the laptop and tablets industry in countries including China, India, and Australia as a result of increasing number of corporate companies and educational institutes is expected to open new avenues over the next few years.

Key laptop bag manufacturers include Nike, Inc.; Kensington Computer Products Group; Samsonite International S.A.; WINPARD; The Targus Corporation; Adidas AG; Belkin International, Inc.; Li-Ning Co., Ltd.; Samsonite International S.A.; and Tumi Holdings, Inc. Companies are working on developing new products, which will provide better convenience to the consumers.

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Further key findings from the report suggest:

• The business application segment generated a revenue of USD 531.2 million in 2018 owing to predominant use of laptops among working class professionals
• Online channel is projected to ascend at a CAGR of 4.7% from 2019 to 2025
• Asia Pacific is expected to expand at the fastest CAGR of 4.5% from 2019 to 2025
• U.S. is projected to generate a revenue of exceeding USD 240 million by the end of 2025
• New product development is expected to remain a key strategy among the industry participants.

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Squash Rackets Market - Quantitative Market Analysis, Current And Future Trends By 2025

The global squash rackets market size is expected to reach USD 237.2 million by 2025 registering a CAGR of 3.6%, according to a new report by Grand View Research, Inc. Significant increase in the number of squash sports tournaments across the globe is the key factor for the market growth. Moreover, increasing popularity of squash sports plays a key role in increasing the product demand.

Carbon fiber raw material segment is expected to lead the global market over the next few years. Products made of these materials have been gaining traction among amateur and professional players due to lower weight and higher strength and durability. North America was the largest regional market in 2018 and accounted for more than 30% of the overall share. The region will retain its dominant position throughout the forecast years.

Key companies in the squash rackets market include Head N.V., Dunlop Sport, Tecnifibre, Wilson Sporting Goods, Prince Global Sports, Babolat, Ektelon LLC., Amer Sports, ONE SPORTS s.r.l., and Harrow Sports. Major manufacturers focus on new product development to expand their market reach. For instance, in March 2019, Tecnifibre launched a new squash racket with improved design and physical properties under the brand name ‘Tecnifibre Dynergy APX 120’. This racket has arch technology with grommets and 14*17 string patterns for increased powers.

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Further key findings from the study suggest:

• North America was the largest market 2018 and will expand further at a steady CAGR over the forecast period
• Europe is expected to be the fastest-growing regional market at a CAGR of 4.0% from 2019 to 2025 owing to the increasing popularity of the sport
• Carbon fiber was the largest raw material segment in 2018. The segment is projected to expand further at the fastest CAGR from 2019 to 2025
• Brick & mortar was the largest distribution channel segment in 2018. However, online segment will register the maximum growth rate during the forecast years

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Flavored Syrups Market Is Anticipated To Grow At A CAGR of 5.1% By 2025

The global flavored syrups market size is expected to reach USD 65.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.1% over the forecast period. Application of flavored syrups as a taste enhancer and sweetener is gaining an increasing traction among the manufacturers across the food and beverage industry. The market growth is primarily attributed to increasing demand for customized flavors in the food and beverage industry.

Moreover, consumers’ desire to try out different and unique fruit flavors are encouraging the manufacturers to develop duo-fruit syrups such as Lime-Ginger, Lime-Mint, and Raspberry-Mint, which offer a blend of sour, sweet, and bitter taste. Moreover, the companies are developing innovative flavors to cater to the frequently changing taste preferences of the consumers, thereby contributing to the global market growth. For instance, The Ági fruit syrups range introduced a new category of honey-containing products with unique flavors such as baked apples with honey, raspberry-lemon balm with honey, and elder-lime with honey.

The fruit segment held the largest share of 35.3% in 2018. Consumers’ demand for fruit infused flavored syrups, coupled with high preferences for unique tastes, is a major factor driving the market. Based on the consumer’s inclination towards pure, natural, and organic products, companies are also introducing syrups infused with fruit content. For instance, 100% natural sour cherry, apple and common sea-buckthorn, and apple and beetroot juice are some of the unique flavors blended with high fruit ingredients.

Similarly, Pölöskei Drink Kft is a company that offers combined fruit flavored syrup. It blends basic flavors in its fruit syrups and also develops unique varieties such as acerola-raspberry and blueberry-raspberry. Caramel, hazelnut, and coffee flavors are also gaining significant traction in the beverage category. For instance, Starbucks uses a wide range of naturally flavored syrups such as caramel, hazelnut, and vanilla in their coffee.

Bakery and confectionery products are expected to register the fastest CAGR of 5.6% over the forecast period. Increasing consumer preferences for products such as bread, rolls, pastries, cakes pies, cookies, crackers, and pretzels are expected to augment demand for the global market. Beverages accounted for a share of more than 35.0% in 2018. Beverages, particularly cocktails, hot and cold beverages, and soft drinks are some of the common products that contain flavored syrups as a taste and sweetness enhancer ingredient.

Asia Pacific is expected to expand at the highest CAGR of 5.6% from 2019 to 2025. Bakery products are considered to be a product of mass consumption due to their low prices. Moreover, consumers’ willingness to consume sweet foods have led the manufacturers to introduce innovative products infused with flavored syrups.

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Further key findings from the report suggest:

• The global flavored syrups market is expected to expand at a CAGR of 5.1% from 2019 to 2025 and reach a value of USD 65.6 billion by 2025
• Asia Pacific is estimated to register the fastest CAGR of 5.6% over the forecast period owing to high demand and product launches in India and China
• By type, chocolate is expected to register the fastest CAGR of 5.7% over the forecast period
• By application, beverages accounted for the largest share of more than 35.0% in 2018.

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White Tea Market Enhance Growth Of $2.23 Billion By 2025

The global white tea market size is expected to reach USD 2.23 billion by 2025, according to a new report by Grand View Research. It is anticipated to expand at a CAGR of 6.1% during the forecast period. Rising awareness regarding maintaining healthy lifestyle is expected to promote the demand for white tea. Along with food and beverage, white tea extract finds application in cosmetic formulations, owing to their excellent antioxidant, anti-aging, and skin-soothing properties. Rapid rise of organic personal care market as a result of, inclination of cosmetic manufacturers toward natural ingredients, is projected to drive the demand for products such as white tea as a functional additive during the production of various cosmetic products.

As per the report published by the World Health Organization (WHO), diabetes was the seventh leading causes of death in 2016. It is recommended that moderate consumption of white tea results in reducing the occurrences of diabetes as it contains flavonoids. Furthermore, changing diet patterns and hectic lifestyle of the working class population have resulted in prevalence of obesity and related problems. Weight loss benefits of white tea are anticipated to encourage beverage manufacturers to increase the spending on its incorporation as a functional ingredient in various weight loss products.

Cosmetics and toiletries category is expected to expand at the CAGR of 4.3% from 2018 to 2025. Skin soothing antioxidant properties of the product drives the demand for skin care products made using white tea products. For example, the products launched by Korres Natural Products, Giovanni Cosmetics, and Kiss My Face among others.

Asia Pacific is anticipated to showcase significant growth in light of increasing number of health conscious consumers along with growing spending, especially in China and India. Furthermore, investment friendly government policies in these countries are expected to attract foreign companies to establish their strategic business units in these regions to address the domestic demand.

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Further key findings from the report suggest:

• Organic products is projected to ascend at a CAGR of 7.5% from 2018 to 2025
• Beverage application generated a revenue of exceeding more than USD 1 billion in 2018
• Europe dominated the global market in 2018, with a share of 30.5%
• The white tea market is competitive in nature with the presence of many private companies. Some of the major companies are Zhejiang Tea Group Co. Ltd.; Changsha Botaniex Inc.; Dilmah Ceylon Tea Company PLC.; Shaanxi Iknow Biotechnology Co. Ltd.; and Carrubba Inc.

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Honey Market Is Anticipated To Grow At A CAGR of 8.0% By 2025

The global honey market size is expected to reach USD 14.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% over the forecast period. Rising awareness among health conscious consumers regarding the health benefits associated with honey as it acts as a rich source of antioxidants is expected to be key factor boosting the market growth over the forecast period. Moreover, it is the best alternative for sugar as well as artificial sweeteners and is widely used for producing organic and low calorie food and beverage goods.

Food and beverages held the largest share of 71.4% in 2018 in terms of revenue as a result of rising concerns over harmful effects associated with artificial sweeteners and sugar. Moreover, the product is gaining popularity in the food and beverage industry on account of its nutritional benefits as well as its flavor.

Major manufacturers are adopting marketing strategies including new product launches, expansion of the distribution channel, and mergers and acquisitions in order to gain a competitive edge in the market. For instance, in April 2019, Wales Hilltop launched three exclusive range of products in the U.K. retail market namely Organic Fairtrade Honey, Manuka Honey, and core honey. These new product launches are expected to increase the product visibility and will encourage the people to adopt all-natural and organic products rather than harmful sugar.

Asia Pacific is expected to be the fastest growing market, expanding at a revenue-based CAGR of 8.5% from 2019 to 2025. Over the past few years, the major manufacturers have been increasingly investing in product development and adopting technologies in apiculture. For instance, in January 2018, Tureky-based Altıparmak got a funding of USD 4.98 million from the European Bank for Reconstruction and Development (EBRD) for the enhancement of innovations in apitherapy, honey production, and value chain improvement.

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Further key findings from the report suggest:

• Demand for the online distribution channel was pegged at 410.2 kilo tons in 2018
• By application, the personal care and cosmetics segment is expected to expand at the fastest CAGR of 8.3% in terms of revenue from 2019 to 2025
• Demand in Europe is expected to reach 1.1 million tons by the end of 2025
• Honey market key players include Beeyond the Hive; Dabur India Ltd.; Patanjali Ayurved; Capilano Barkman; Oha Honey LP; Bee Maid Honey Ltd.; Streamland Biological Technology Limited; and Dutch Gold.

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Dried Apricots Market Is Anticipated To Grow At A CAGR of 4.9% By 2025

The global dried apricots market size is expected to reach USD 985.5 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.9% during the forecast period. Rising importance of dried apricots as dietary fiber enriched products with numerous health benefits is anticipated to drive the growth. These fruits boost cell growth, and maintain health of eyes and bones. These advantages are anticipated to drive the product adoption. Furthermore, application in beauty and cosmetic products for the treatment of dead skin cells is projected to further drive the growth.

The conventional product segment held the largest market share of more than 90% in terms of volume in 2018. Rising consumer preference for these products owing to their cost-effectiveness and easy availability at convenience and retail stores is anticipated to drive the growth. On the other hand, the organic product segment is expected to register a CAGR of 5.2% in terms of volume from 2019 to 2025. Rising importance of organic labeling in food and beverage industry to limit the use of harmful ingredients is expected to drive the organic apricots segment over the next eight years.

The diced product segment is expected to witness significant growth over the forecast period on account of easy incorporation of these products as nuts in items including cookies, muffins, and snack bars among others. Furthermore, rising popularity of packaged snacks among working population owing to the convenience and ease of access is expected to expand the segment growth in the forthcoming years.

Online distribution channel is expected to expand at a CAGR of 6.0% from 2019 to 2025. Increasing use of e-commerce portals owing to the availability of value-added features including discounted prices, cash backs, and coupons is expected to remain a favorable factor for the growth of this segment over the next few years.

Some of the key players operating in this market are King Apricot, Chi Tree, BATA FOOD, KENKKO CORPORATION, NationalRaisin Company, Dag Food, Quirkeycots, Anatolia A.Ş., ZIBA FOODS, and Kayisicioglu Apricot. Product innovation is expected to remain a key strategy among the industry participants in near future. For instance, in May 2016, Del Monte launched a new Dried Apricots snack.

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Further key findings from the report suggest:

• Organic products is projected to witness a CAGR of 5.6% from 2019 to 2025
• Powder forms led the dried apricots market accounting for more than 70% of the global volume share in 2018
• Middle East and Africa is expected to generate a volume of more than 65 kilo tons by the end of 2025

For More Information: www.grandviewresearch.com