A Market Place Research – Page 1247

Spoolable Pipes Market Growth CAGR of 6.7%, Restraints, Mergers And Forecast

Spoolable pipes were originally designed for aboveground onshore applications where corrosive conditions caused steel lines to fail within few years. Increased oil & gas production has led rise in adoption of spoolable pipes in onshore and offshore oil & gas transportation from wellheads to production facilities. Ease of installation of spoolable pipes and low cost as compared to steel pipes reduce the overall operational cost, thereby optimizing production output and maximizing the productive life of fields. However, high entry barriers for new entrants due to the time-consuming product approval cycles and stringent regulation for the design, construction, manufacturing, and operation of spoolable pipes may hamper the market growth.

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A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

Onshore application of spoolable pipes generated the highest revenue, growing at a CAGR of 7.1% from 2017 to 2023. Moreover, new discoveries of offshore oil & gas fields are anticipated to present numerous opportunities for the manufacturers.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The Spoolable pipes market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Spoolable pipelines are flexible pipes used for the transport of crude and refined petroleum fuels such as oil, natural gas, and other fluids, including sewage, slurry, and water. These are thermoplastics or thermosets pipes with reinforcement of steel, fiber, or aluminum.

Spoolable pipes Companies Covered Market:- Airborne Oil & Gas B.V., Changchun Gaoxiang Special Pipes Co., Ltd., Flexpipe Inc., FlexSteel Pipeline Technologies, Inc., Future Pipe Industries (L.L.C.), Magma Global Limited, National Oilwell Varco, Inc and Other.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Spoolable pipes market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Spoolable pipes market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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About Us

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

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France Cooking Equipment Market to Reach $70.4 Million by 2025, is Expected to Grow At a CAGR of 2.1% From 2018-2025

According to a new report published by Allied Market Research, titled, “France Cooking Equipment Market by Size of Equipment, End User, and Tier Type: Opportunity Analysis and Industry Forecast, 2018 – 2025,”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The France cooking equipment market size is expected to generate revenue worth $60.7 million in 2018 and is projected to reach $70.4 million by 2025, to register a CAGR of 2.1% during the forecast period. Cooking equipment is popularly used in restaurants, hotels, and fast-food centers. In addition, they facilitate easy preparation and preservation of food.

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The rise in number of restaurants and hotels is attributed to rapid urbanization and globalization, which in turn is expected to boost the growth of the commercial cooking equipment market. Moreover, rise in health consciousness among consumers and increased demand for healthy and tasty food drive the market growth. However, price of commercial cooking equipment and volatile prices of raw materials hamper the growth of this france cooking equipment market. Irrespective of these challenges, the launch of eco-friendly and energy efficient cooking equipment for commercial kitchens to address the concerns of depletion of natural resources such as LPG and others, is anticipated to unfold opportunities for the market growth.

However, the 700 series segment is estimated to have the highest CAGR of 2.6% through 2018-2025. The 700 series is often used in small restaurants that require heavy-duty equipment within a small footprint. The growth in this category is attributed to the rise in the consumption of fried food from small food outlets and quick service restaurants. The rise in the working population coupled with an increase in the disposable income in the country boosts the growth of the food & beverage industry, which in turn positively impacts the growth of cooking equipment of various size including the 700 series.

In 2018, the mid-level category in the tier type segment of France cooking equipment market is expected to experience growth at the fastest CAGR of 3.4%. This is attributed to the higher application of this segment in the quick service restaurants as well as some of the full service restaurants. In addition, the growth in the hospitality sector has also added to the popularity of this category.

In 2018, the institutional canteen category in the held the highest share in the France cooking equipment industry based on end user. This was due to an increase in the demand for prepared food in public places and institutions owing to busy lifestyle of people and rise in the disposable income of people. However, the quick service restaurants segment is estimated to witness the fastest CAGR growth of 3.4% through the France cooking equipment forecast period. There is a rise in the demand for quick service restaurants due to the increase in demand for fresh, tasty, and appealing food available at an affordable cost. Moreover, changes in lifestyle and increasing affinity of the consumers towards fast food also boosts the market growth.

The key players operating in the France cooking equipment market focus on expansion as the prominent strategy to overcome competition and to maintain as well as improve their market share. The key players profiled in the report include Bonnet International, Charvet, Sofinor, Ali Group, Capic, and AB Electrolux.

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The Covid-19 pandemic has a vital impact on the growth of the France Cooking Equipment Market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the France Cooking Equipment Market.

Key Benefits for France Cooking Equipment Market:

• The report provides a quantitative analysis of the current market estimations, trends, and dynamics of the market size from 2018 to 2026 to identify the prevailing France cooking equipment market opportunities.
• The key countries in all the major regions are mapped based on the market share and France cooking equipment market trends.
• In-depth analysis of the France cooking equipment market segment and size assists to determine the prevailing France cooking equipment market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global industry.
• Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.

Reasons to Buy This France Cooking Equipment Market Report:

• Mergers and acquisitions should be well-planned by identifying the best manufacturer.
• Sort new clients or possible partners into the demographic you’re looking for.
• Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
• Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
• To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

Related Reports:

○ Cooking Appliances Market Growing Rapidly with Significant CAGR From 2029
○ Cooking Hood Market Growth Opportunities In Global Industry By 2027
○ Electric Rice Cooker Market is estimated to reach $5.5 billion by 2026
○ Non-stick Cookware Market Size, Share, Growth, Trends and Forecasts 2020-2027

About Us:

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Bioethanol Market Forecast | Projected To Garner Significant Revenues By 2022

The global bioethanol market is driven by growth in demand from the transportation industry, owing to biofuel mandates by regulatory bodies, rise in concerns regarding the surge in pollution & emission of greenhouse gases, and abundant raw material availability. However, issues related to food scarcity & use of food crops for production of bioethanol are unfavorable and thus, are expected to hinder the market growth during the forecast period. In addition, high initial production cost of cellulosic ethanol is also expected to affect the market negatively. However, the introduction of second- & third-generation biofuels is expected to provide lucrative opportunities for the market growth.

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Asia-Pacific is anticipated to grow with the highest rate during the analysis period, owing to the efforts to increase the production capacity of bioethanol from countries such as China, Thailand, and India.

The transportation segment accounted for the highest market share in 2015, owing to the rise in adoption of biofuels from the transportation sector. Regulatory bodies such as Environment Protection Agency (EPA) have imposed specific blending mandates as the global pollution is increase in and so is the need to lower greenhouse gas (GHG) emissions from vehicles.

The Bioethanol market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Bioethanol is a fuel produced using biological sources, having advantages over conventional fuels, due to its biological origin and renewability. Bioethanol is a clean fuel and thus, rapidly being adopted as an auto fuel by the transportation sector. Numerous laws and regulations exist globally, encouraging the use of bioethanol, such as European Union Renewable Energy Directive (EU RED) and Renewable Fuel Standard (RFS) by EPA (Environmental Protection Agency).

Bioethanol Companies Covered Market:- E. I. du Pont de Nemours and Company, POET LLC., Valero Renewable Fuels Company LLC., BP plc., CropEnergies AG, Archer Daniels Midland Company and Other.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Bioethanol market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Bioethanol market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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UAE Personal Protective Equipment Market Registering At a CAGR of 7.3% From 2018-2025, Projected to Reach $702.4 Million by 2025

According to a new report published by Allied Market Research, titled, The UAE Personal Protective Equipment Market report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. The UAE personal protective equipment market size was estimated at $401.4 million in 2017, and is projected to reach $702.4 million by 2025, registering a CAGR of 7.3% from 2018 to 2025.

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Rise in injuries and accidents due to the falling objects, flying sparks, sharp edges, chemicals, and noise have led to the increased awareness amongst the worker about the safety and precautions, thereby driving the sales of PPE in the UAE market. Moreover, growth in application of PPE in the construction industry owing to the rapid expansion of new infrastructure and upgradation of existing infrastructure in UAE further boosts the growth of the personal protective equipment market.

The personal protective equipment, or PPE, are ergonomically designed to protect the workers from hazards found on or off the job. The hazards addressed by protective equipment include physical, electrical, heat, chemicals, biohazards, airborne particulate matter, and myriad of other possibly hazardous situations. Owing to the growth in injuries and number of workplace accidents, the UAE government introduced many advanced legislations to protect workers, such as the Domestic Labor Law. Also, OSHA and MoHRE continues to work for improving the protection offered to workers.

Hands & arm protection equipment such as protective gloves, wrist cuffs & armlets, elbow protectors, and others offer protection against cut, slash, abrasion, flames, and chemical spill, and thus form the basic safety requirement in almost every industry. Falling objects, flying sparks, sharp edges, chemicals, noise, and countless other possibly hazardous situations further leads to the application of other PPE such as protective clothing, leg protection equipment, respiratory protection equipment, head protection equipment, eye & face protection equipment, and others such as hearing protection equipment, fall protection equipment, and gas detector. However, increased automation in end-use industries is projected to hamper the market growth.

The major players profiled in this report include Honeywell International Inc., 3M Company, E. I. Dupont de Nemours and Company, Ansell Limited, Kimberly-Clark Corporation, JSP Limited, Venus Safety & Health Pvt., Ltd., Dream Castle Technical Supply LLC, Schefferville Trading LLC, and Vaultex. The report also includes various other manufacturers/distributors of PPE such as MSA Safety, Al Asayel Health & Safety, Uruguay Oil Field & Safety Equipment, Spark international Energy L.L.C., Specialised Technical Services (STS), and Atlas Safety.

Key Findings of the UAE Personal Protective Equipment Market:

○ In 2017, the hand & arm protection equipment segment accounted for one-fourth market share growing at the highest CAGR of 8.3% from 2018 to 2025.
○ In 2017, the protective clothing segment accounted for the second highest market share and is expected to grow at a significant CAGR of 8.0%.
○ In 2017, the construction application segment accounted for more than two-fifths market share is projected to grow at the highest CAGR of 8.0%.
○ The UAE personal protective equipment market is anticipated to grow at a significant CAGR of 7.3% from 2018 to 2025.

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Reasons to Buy This UAE Personal Protective Equipment Market Report:

○ Mergers and acquisitions should be well-planned by identifying the best manufacturer.
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○ Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
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○ To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
○ Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

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Business Travel Lodging Market Size Hits $450.80 Billion by 2028, Growing at a CAGR of 14.77% From 2021 to 2028.

Growing IoT penetration has resulted from a rise in digitization in the corporate and tourist sectors around the world, enabling quick achievement of goals for both travelers and travel operators. The global business travel lodging market has been significantly impacted by VR technology in a number of ways, providing consumers with experiences that are considerably more enriched, efficient, and tailored.

Additionally, the trend of leisure travel, which combines business with a number of pleasure-related activities and provides leisure time to relieve stress and boost overall work efficiency, has risen sharply in recent years.

According to a new report published by Allied Market Research, titled, “Business Travel Lodging Market by Enterprise Size and Industry: Opportunity Analysis and Industry Forecast, 2021–2028,” the global business travel lodging market size was valued at $257.40 billion in 2018, and is estimated to reach $450.80 billion by 2028, growing at a CAGR of 14.77% from 2021 to 2028.

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Huge developments in the travel industry and rise in the number of SMEs have given way to increasing business travelers traveling from one place to another. Several corporate establishments are also making tie-ups with the prominent business travel organizations so as to provide personalized collaborative rooms and team-building movements, which has again turned out to be another key driving factor for the growth of the global business travel lodging market.

Key Take Away :

Large Enterprises would exhibit the highest CAGR of 15.48% during 2021-2028
Hospitality would exhibit the highest CAGR of 16.59% during 2021-2028
Asia-Pacific would exhibit the highest CAGR of 15.71% during 2021-2028
U.S. was the most prominent market in North America, and is projected to reach $96.4 billion by 2028, growing at a CAGR of 13.8%

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The large enterprises segment to maintain its leadership status throughout the forecast period

Based on enterprise size, the large enterprises segment held the highest market share in 2020, accounting for more than two-fifths of the global business travel lodging market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 15.4% from 2021 to 2028, owing to the rising consumer preferences towards lodging comforts, amenities, and recreational services on the premises.

The retail & consumer goods segment to maintain its lead position during the forecast period

Based on industry, the retail & consumer goods segment accounted for the largest share in 2020, contributing to nearly one-fifth of the global business travel lodging market, and is projected to maintain its lead position during the forecast period. This is owing to rapid development in the sector’s growth, increasing consumers spending over the retail products, and offerings of tremendous business opportunities for the manufacturers in the sector. However, the hospitality segment is expected to portray the largest CAGR of 16.5% from 2021 to 2028.

Asia-Pacific, followed by Europe & North America, to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by Europe & North America, held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global business travel lodging market. Moreover, the same region is expected to witness the fastest CAGR of 15.7% during the forecast period. This is attributed to increasing industrialization and rapidly growing sectors such as food, pharmaceuticals, and others.

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Mergers and acquisitions should be well-planned by identifying the best manufacturer.
Sort new clients or possible partners into the demographic you’re looking for.
Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
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Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

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Mineral Cosmetics Market Size Hits $2.92 Billion by 2026

Change in consumer taste and preference, growth in health consciousness among both men and women, surge in focus on mineral cosmetic products and rise in disposable income of the individuals are expected to propel the global mineral cosmetics market.

This research report will give you deep insights about the Mineral Cosmetics Market and it will also help you in strategic decision making. The final research document is an exhaustive document comprising of [186 pages] All our reports are usually purchased across industries by Executives, Managers, Senior Managers, Strategy people, Directors, Vice Presidents, CXOs, etc. and help them in understanding about the market trends and analysis, competition, industry landscape, market size, market revenue, forecast, COVID-19 impact analysis, SWOT analysis, etc.

The key players profiled in this study includes: –

• Altana AG (ECKART)
• BASF SE (BASF)
• Clariant
• Glo Skin Beauty
• L’Oreal SA
• Merck KGaA
• Mineralissima Mineral Makeup
• Neelikon
• Revlon, Inc.
• Shiseido Company

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The state-of-the-art research on Mineral Cosmetics Market, which is a detailed analysis of business space inclusive of the current market trends, competitive background, and size of the market. Encircling one or more parameters among analysis of the product, application potential, and global and regional growth strategies.

Speaking about this research report in particular, it includes:

Three Types of Segmentations (by Product Type, Distribution Channel and Region)
Five Major Regions (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
Key Industry Dynamics including factors that are Driving the Market, Prevailing Deterrent, Potential Opportunities as Well as Future Trends.
Ten Company Profiles (these are not just Major Players but a Mix of Leading, Emerging Players, Market Disruptors, Niche Market Players, etc.)
Industry Landscape Analysis

Mineral cosmetics are made up of minerals such as, zinc oxide, iron oxide, titanium dioxide, ultramarine, and mica. These minerals are crushed into small particles which is then used in making ideal foundations and powders. These minerals offer advantages such as anti-inflammatory effects and sun protection. The term mineral cosmetics refers to a category of face makeup including eye shadow, blush, bronzer, foundation, made with dry and loose mineral powders.

In 2018, the lips cosmetics segment accounted for the highest share in the mineral cosmetics market. This is attributed to attention and sensitivity to formulation detail, considering the specific concerns of customers. This segment captured the maximum share of 43.6% in 2018.

In 2018, by distribution channel, the retail distribution acquired the maximum market share of around 45%. This is due to the large presence of retailers and retailing stores all around the world.

In 2018, Asia-Pacific dominated the global mineral cosmetics market. It is also expected to grow at the highest rate throughout the forecast period owing to consumer outrage over artificial products, increasing internet penetration, improving lifestyle, and rising health awareness.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 : https://www.alliedmarketresearch.com/request-for-customization/5277

There is a considerable rise in disposable incomes over the past decade. The growth in global economies, changing lifestyles, rising demands of skin care products due to varying climatic conditions encourages the growth of mineral cosmetics market. A shift of preference towards natural and organic beauty products, particularly in U.S. and European countries, fosters the growth of the market. Rising demand for natural, herbal and organic beauty products creates potential opportunities for manufacturers to innovate and develop new products in accordance to consumer preferences.

Key findings of study

Based on region, Asia-Pacific is anticipated to lead the mineral cosmetics market in 2026, growing at a CAGR of 5.4%, in terms of value.
Based on product type, the lips segment occupied nearly 43.0% of the mineral cosmetics market share in 2019.
Based on distribution channel, the retail distribution segment dominated the overall mineral cosmetics market in 2019 and is expected to grow at a CAGR of 5.1% during the forecast period.
By 2026, the e-commerce segment is anticipated to grow at the highest CAGR of 6.7% owing to the increasing mineral cosmetics market trends.

Key offering of the Report:

Key driving factors: An in-depth study of the dynamic factors such as drivers, restraints, challenges, and opportunities
Current market trends & forecasts: A comprehensive study of the the Mineral
Cosmetics Market along with recent market trends and forecasts during the forecast period to help customers make an informed decision and formulate lucrative business strategies
Segmental Analysis: A study of each segment coupled with driving factors and growth rate analysis of every segment
Geographical analysis: An in-depth analysis of the market across several geographical regions that help market players to leverage fruitful market opportunities
Competitive landscape: A study of prime market players that are currently leading the Mineral Cosmetics Market

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Prime Benefits:

The report includes Porter’s Five Forces analysis, SWOT analysis to understand the ability of buyers and suppliers, which enables business investors to devise sound, fruitful business decisions.
The study covers a detailed study of the latest market trends and market size coupled with a forecast of the Mineral Cosmetics Market during the forecast period.
The report offers an analysis of the potential of the market across various geographical regions along with revenue contribution.
The study includes a detailed analysis of the key market players that are active in the market.

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Asia-Pacific MICE Industry is Expected to Grow At a CAGR of 8.6%, to Reach $441.1 Billion by 2025

According to a new report published by Allied Market Research, titled, “Asia-Pacific MICE Industry by Event Type and Country: Opportunity Analysis and Industry Forecast, 2018 – 2025,”the Asia-Pacific MICE industry generated revenue of $229.0 billion in 2017, and is expected to grow at a CAGR of 8.6% to reach $441.1 billion by 2025. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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The term MICE in the context of travel is an acronym for meetings, incentives, conferences, and exhibitions. The MICE market refers to a specialized niche of group tourism dedicated to planning, booking, and facilitating conferences, seminars, and other events, and it is the highest revenue contributor to the travel industry. The MICE industry provides easy and convenient methods for organizing events and helps choose the right destination, which forms the basis of a successful event.

MICE represents a sector of tourism that includes business events and activities such as client meetings, brand & product promotions, business expansion, employee training, and incentives. Globalization of businesses, rapid increase in SMEs, and the surge in presence of corporate industries have caused massive increase in aforementioned business activities; thus, driving the growth of the Asia-Pacific MICE industry. Other significant factors that promote the growth of the market are rise in business travel coupled with change in lifestyle of business travelers to seek leisure trips, rapid urbanization, and increase in disposable incomes.

However, high cost associated with MICE events and uncertain geopolitical conditions hamper the market growth. Factors such as investments in infrastructural development and technological advancements, are expected to provide lucrative opportunities for the growth of the market. The Asia-Pacific MICE industry is segmented on the basis of event type and country.

By country, China is expected to remain dominant and grow at a steady pace in the Asia-Pacific MICE industry. Shanghai and Beijing hosted the majority of MICE trips in China over the last 12 months, followed by Guangzhou, Hong Kong, and Macau. The key industry segments boosting the growth for MICE industry in China are manufacturing, utility & agriculture, and forestry & fishing. Moreover, increase in aging population is anticipated to boost the growth of the healthcare industry and social work segment. Increase in business travel activities from these industries is further anticipated to support the growth of the market

The key players operating in the Asia-Pacific MICE industry include Questex, LLC, CWT Meetings & Events, IBTM Events, BCD Meetings and Events, Capital Travel and Events, CiEvents, Conference Care Ltd., The Freeman Company, ATPI Ltd., and Interpublic Group of Companies, Inc.

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Key Findings of the Asia-Pacific MICE Industry Market:

○ Based on event type, the meeting segment accounted for around 64.0% of the Asia-Pacific MICE industry in 2017, growing at a CAGR of 8.5% from 2018 to 2025.
○ The incentive travel segment accounted for 10.0% share of the Asia-Pacific MICE industry and is expected to grow at the highest CAGR of 9.1%.
○ By country, Singapore & Thailand are anticipated to grow at a significant CAGR of 10.3% and 10.0% respectively.
○ China occupied around 25.5% share of the Asia-Pacific MICE industry in 2017 and is expected to grow at a CAGR of 8.5%.
○ Based on country, the Asia-Pacific MICE industry was dominated by China and Japan as the major market with nearly 42.0% market share in 2017 and are expected to witness a CAGR of 8.5 and 9.5% during the forecast period.

Reasons to Buy This Asia-Pacific MICE Industry Market Report:

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Ice Maker Market will grow at CAGR of 4.4% to hit $2,784.2 Million by 2027

According to a new report published by Allied Market Research, titled, “Ice Maker Market by Product Type and Application: Opportunity Analysis and Industry Forecast, 2021–2027,” the global ice maker market size was valued at $2,330.6 million in 2019, and is projected to reach $2,784.2 million by 2027, registering a CAGR of 4.4% from 2021 to 2027. An ice maker which is also known as ice machine or ice generator is an electrical appliance that makes ice artificially. The formulation of innovative and advanced solutions is anticipated intensify the competitive environment among the ice making machine manufacturers. The demand for ice makers is expected to grow due to the high demand from foodservice and food processing sectors. The rising preference for energy-efficient and water-saving product is expected to drive the ice maker market during forecast period.

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The outbreak of COVID-19 has severely hampered the ice maker market growth. Ice maker manufacturers are not able to provide maintenance and installation services to their customers, owing to availability of limited resources and implementation of lockdown. Amidst this health crisis, the workforce availability is limited, which further hampers the overall production of the ice makers. This, in turn, creates challenges for product deliveries, which hampers the growth of the ice maker industry.

Development of the food service industry is anticipated to drive the growth of the ice maker market. Moreover, rise in business related travel, surge in urban population, and rise in number of food joints such as hotels and restaurants fuel the growth of the hospitality industry, thereby driving the growth of the market. Change in food habits and busy lifestyle of consumers have led to increase in demand for ready-to-eat meals. Rapid changes in the supporting factors such as disposable income, consumer preferences, increase in working women population, and digitization have resulted into rise in number of quick-service, and other types of restaurants which in turn is driving the sales of the ice maker.

By product type, the countertop ice maker is expected to grow at the highest CAGR during the ice maker market forecast period. This is because countertop ice makers are designed to fit on the top of bar or counter to have staff an easy access to ice while serving to their customers. Additionally, there are a few models of countertop ice makers available in the market for residential use with low ice production rates, that are enough for everyday home use.

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By application, others segment which include corporate office and residentials are anticipated to grow at the highest CAGR. Many corporate facilities require ice makers to keep in cafeterias for employees to use which in turn has driven the growth of ice maker market in terms of value sales. Moreover, the rising consumer preference for ice makers such as countertop ice makers is likely to offer immense opportunity for the ice maker market in terms of value sales during the forecast period.

The global ice maker market segments are categorized into product type, application, and region. By product type, it is classified into modular ice maker, undercounter ice maker, countertop ice maker and ice dispenser. By application, it is divided into food service, food processing, healthcare, retail outlets and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, ASEAN, Korea and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey and Rest of LAMEA).

Key findings of the study

By product type, the modular ice maker segment accounted for the highest ice maker market share in 2019, growing at a CAGR of 3.3% from 2021 to 2027.
By end use, the food service segment occupied maximum share in the market in 2019 and is expected to dominate the market during the forecast period.
Region wise, North America accounted for highest share in 2019 and is expected to grow at a CAGR of 2.9% during the forecast period.

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The key players operating in the ice maker market include Hoshizaki corporation, Manitowoc ice (WELBILT, INC.), A & V Refrigeration Corp, Ali Group S.p.A., Middleby Corporation, Cornelius, Inc., Kold-Draft, North Star Ice Equipment Corporation, Whynter, LLC and U.S. Ice Machine Mfg. Co.

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Asia-Pacific MICE Industry is Expected to Grow At a CAGR of 8.6%, to Reach $441.1 Billion by 2025

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Sucralose Market to Generate $693.6 Million by 2031, States the Report by Allied Market Research

According to a new report published by Allied Market Research, titled, “Sucralose Market,” The Sucralose Market Size was valued at $518.00 million in 2021, and is estimated to reach $693.6 million by 2031, growing at a CAGR of 3% from 2022 to 2031.

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Sucralose is frequently used in place of sugar to improve and sweeten a variety of food and beverages. Furthermore, these compounds have a sweetness that is several times greater than that of normal sugar, hence lower amount of sucralose is required as compared to normal sugar. These are used as sugar substitutes due to their sweeter taste and reduced calorie count.

The Sucralose Market Size is experiencing growth due to rise in recent developments and increase in usage of sucralose in the food industry, including in dairy products and baked goods. In addition, the rise in awareness among consumer with respect to health is the key driver for the Sucralose Market Growth. In addition, sucralose is made through a multi-step manufacturing process-sucrose is produced by selectively substituting three chlorine atoms for each of the three hydroxyl groups on the sugar molecule. This alteration results in a sweetener that is 600 times sweeter than sucrose while having no calories. In addition, growth in the number of consumers who are concerned about their health, particularly in developing nations, as well as an increase in the prevalence of diabetes and obesity have shifted the eating habits of the consumers.

In terms of value, the beverage sector held a largest of the global Sucralose Market Share in 2021. The need for sucralose in the beverage industry is fueled by the consumption of diet carbonated soft drinks and low-calorie food. In addition, recent government measures in nations like the UK, which imposed a sugar tax on soft drinks with sugar, are some of the major drivers of the Sucralose Market Opportunity. In addition, cyclamate sweetener is being used more frequently in diet beverages and food, particularly in developing nations like Asia-Pacific and Africa owing to rise in public awareness of health issues.

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Sucralose is in high demand in food, beverage, dairy, bakery, and confectionary industries due to rise in concerns about health, diet, and lifestyles, and its consumption helps reduce calorie intake in the diet. Thus, food manufacturers focus on producing low-calorie food products using sucralose for similar sweet taste.

The COVID-19 pandemic had a very unfavorable effect on the expansion of the sucralose market globally. Due to strict lockdowns, the production of sucralose was halted, as manufacturing was at standstill owing to non-availability of raw material and supply chain disruption; thus, resulting in negative impact on the market.

The production and consumption of diet-carbonated soft drinks and low-calorie food has increased the demand for Sucralose Market Trends globally as it contains lower calories and high sweetness properties.According to Sucralose Market Analysisis anticipated to be hampered by the implementation of strict rules and taxation regulating the usage of high-calorie food in Europe and North America. Currently, a regulation was passed by the Mexican government to tax processed meals with a high-calorie content, such as carbonated soft drinks. The market expansion is however constrained by the growing difficulties faced by food manufacturers in creating sweeteners that satisfy consumer Sucralose Market Demand for good flavors while also lowering the price of the finished product. In addition, the adoption of sucralose may be hampered by ambiguity regarding health-related difficulties caused by usage, which is projected to inhibit market expansion.

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Consumers are not aware of sucralose benefits such as lower calories and higher sweetness as compared to sugar thus leading to lower market penetration of sucralose across globe. In addition, establishing manufacturing facilities for sweeteners requires a little capital outlay because advanced technology dominates the sucralose market. The nature of the items is differentiated, which results in significant entry barriers for new competitors. As a result, there is little to no threat from new competitors entering the worldwide market. End consumers choose sucralose that is effective and affordable, however, the ones present in the market have some restrictions due to their concentration level and other environmental laws. At the moment, sugar is rarely used as a substitute for sucralose. As a result, the hazard posed by imitations in sucralose ranges from mild to high.

The Sucralose Industry profiled in the report include Tate and Lyle, Plc., Celanese Corporation, Whole Earth Brands, Ajinomoto Co., Inc., Hermes Sweeteners Ltd., JK Sucralose Inc., Heartland Food Products Group, Ingredion Incorporated, Cargill Incorporated, Roquette Freres, PureCircle Ltd, Manus Bio, Stevia First Corporation, Cumberland Packing Corporation, Hyet Sweet. These market players are adopting various marketing strategies such as product launches, partnerships, joint ventures, mergers, and acquisitions.

Key Findings Of Study

On the basis of type, the granular segment is likely to be the fastest-growing segment with a CAGR of 3.8% during the Sucralose Market Forecast period.

On the basis of application, tabletop sweeteners segment is likely to be the fastest-growing segment with a CAGR of 3.8% during the forecast period.

On the basis of region, Asia-Pacific dominated the global sucralose market from 2021 to 2031.

In terms of value, the Middle East sucralose market is expected to grow at a CAGR of 3.5% from 2022 to 2031.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.