Lecithin and Phospholipids Market Is Expected to Witness a Steady Growth of $8.8 Billion by 2031

According to a new report published by Allied Market Research, titled “Lecithin and Phospholipids Market,” The Lecithin and Phospholipids Market Size was valued at $5.1 billion in 2021 and is estimated to reach $8.8 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

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Lecithin is widely used in the food & beverages, feed, and pharmaceutical industry. It primarily functions as an emulsifier and dispersing agent. It is derived from the plant as well as animal sources. Plant-based sources include soy, rapeseed, canola, and sunflower, while animal-based sources majorly include eggs and red meat. Lecithin emulsifiers keep the blend of two impossible-to-mix liquids in a stable state. Increasing the shelf life of the end product has helped Lecithin and Phospholipids Market Demand grow over time.

Soy is one of the most widely grown crops in the U.S., with 94% of it genetically modified. Soy is a low-cost source of lecithin. To extract lecithin from soybean oil, chemicals such as acetone and hexane are used. However, lecithin derived from sunflower oil is becoming more popular, possibly due to the need to declare allergens in food. Sunflower lecithin is also an option for those who want to avoid genetically modified crops. The extraction process is typically more straightforward, using cold pressing rather than chemical solvents.

The availability of ready-to-eat and processed food products such as ramen, meats, and dairy products in the market has attracted consumers for the past two to three decades. With time, packaged products are developing according to the market’s demand and consumer necessities. Currently, consumers expect the best quality of food & beverage products offered by manufacturing companies. Pre-cooked or ready meals are incredibly convenient, less time-consuming, and cost-efficient, and less effort is required for meal preparation. The benefit has increased the Lecithin and Phospholipids Market Trends for ready meals, particularly among the working population and students.

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An emulsifier is a significant ingredient used in binding a product’s chemical compounds. Increased synthetic emulsifiers are hampering the Lecithin and Phospholipids Market Growth business since it has been related to gut inflammation in consumers due to long-term consumption. According to the National Center for Biotechnological Information, synthetic emulsifiers, such as polysorbate 80, promote bacterial translocation across the gut wall, intestinal inflammation, and metabolic syndrome. This raises the potential of dietary emulsifiers in illnesses such as coronary artery disease, source two diabetes, and Crohn’s disease.

The lecithin and phospholipids market is segmented into the source, type, application, nature, and region. Based on the basis, the Lecithin and Phospholipids Market is categorized into soy, sunflower, rapeseed s & canola, egg, and others. By type, it is fragmented into fluid lecithin, de-oiled lecithin, and modified. By nature, it is segregated into GMO and Non-GMO. By application, it is fragmented into feed, food & beverages, industrial, and healthcare. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Italy, Germany, France, Spain, The Netherlands, Switzerland, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The players operating in the lecithin and phospholipids industry have adopted product launch and business expansion as their key developmental strategies to expand their Lecithin and Phospholipids Market Share, increase profitability, and remain competitive in the market. The key players profiled in this report include Cargill, ADM, DuPont, MCD Group BV., Bunge Limited, Stern-Wywiol Gruppe, Wilmar International Ltd., Sonic Biochem, Avril Group, American Lecithin Company, Vav Life Sciences Pvt Ltd., Sondrugestvo Group, Kewpie Corporation, Fismer Lecithin, and Lipoid GmbH.

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Key findings of the study

Based on the source, the soy segment dominated the global market in 2021 and is expected to retain its dominance throughout the market forecast period.

The fluid lecithin segment accounted for a significant share of the lecithin and phospholipids market in 2021 and is expected to grow at a substantial CAGR during the forecast period.

Based on application, the feed segment accounted for a significant market share in 2021 and is expected to grow at a substantial CAGR during the forecast period.

Asia-Pacific accounted for the highest market share in 2021 and is expected to grow at a significant CAGR of 6.3% during the forecast period.

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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 domain.

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.

Wearable Technology Market is projected to reach $184,403.60 million , growing at a CAGR of 12.8% from 2022 to 2031

Wearable technology market include, entry of large players, portable and convenient usage, increase in healthcare awareness, and technological advancements

According to a new report published by Allied Market Research, titled, “Wearable Technology Market,” by Product Type, Application and Devices: Global Opportunity Analysis and Industry Forecast, 2022-2031,” the Wearable Technology Market size was valued at at $54,841.40 million in 2020, and is estimated to reach $184,403.60 million by 2031, growing at a CAGR of 12.8% from 2022 to 2031. North America is expected to be the leading contributor to the global wearable technology market, followed by Europe and Asia-Pacific.

Growth and opportunities

The growth of the global wearable technology market is driven by convenient usage of wearables and entry of various smartphone manufacturers. In addition, rise in health concerns among consumers fuels the adoption of wearable devices, which enable them to provide real-time information on their overall health. Multiple benefits offered by these devices, such as GPS tracking, heart monitoring, and notification alert further supplement the wearable devices market growth. Moreover, rise in disposable income of consumers and increase in standard of living propel the Wearable Technology Market Growth. However, increase in security concerns is projected to hamper the market growth, as the risk of data leakage is a major issue for users. Moreover, the limited battery life and high manufacturing cost restrain the market growth. Advancement in wearable devices technology is expected to provide numerous growth opportunities for the market.

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The wearable technology market is segmented on the basis of device, product type, application, and region.

On the basis of product type the market is divided into wrist wear, eyewear, hearable, neckwear, body wear, and others.
On the basis of device, the market is categorized into smart watches, fitness and wellness devices, smart glasses, smart clothing, and others.
On the basis of application, the market is further classified into lifestyle, consumer applications, entertainment, healthcare, fitness and sports, defense, enterprise and industrial.
On the basis of region the market is divided into North America, Europe, Asia-Pacific, and LAMEA.

The fitness & sports segment dominated the wearable technology market with over 39% share in 2020, and is projected to maintain this Wearable Technology Market Trends during the forecast period. However, the entertainment sector is anticipated to grow at a highest CAGR of 16.2% during the Wearable Technology Market Forecast period. The growth of the consumer application is expected to be driven by increase in awareness of wearable and innovative features & benefits provided by the wearable product manufacturers.

The key players profiled in the Wearable Technology Market Analysis include :-
Apple Inc., Fitbit, Inc., Garmin Ltd., Adidas AG., Nike, Inc., Samsung Electronics Co., Ltd., Sony Corporation, Huawei Technologies Co., Ltd., LG Electronics Inc., and Motorola Solutions Inc. These players have adopted various strategies, such as product launch, collaboration & partnership, and acquisition to expand their foothold in the wearable technology market.

Apple introduced Apple Watch Nike+, which is an important tool for runners, pairing exclusive Nike Sport Bands with Apple Watch Series 2, which features GPS, a two times brighter display, water resistance up to 50 m, a powerful dual-core processor, and watchOS 3. The introduction of technologically advanced products is likely to gain acceptance among the tech savvy people, specifically in developed regions of North America and Europe.

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Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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 Wearable Technology 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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Cloud Services Market | Latest Advancements and Demand Analysis by 2030 |

As per the market report, the global cloud service industry was pegged at $325.68 billion in 2019, and is expected to reach $1,620.59 billion by 2030, growing at a CAGR of 15.8% from 2021 to 2030.

The surge in demand due to cost-effectiveness, surge in adoption of cloud in SMEs, and increase in demand due to Covid-19 outbreak have boosted the growth of the global cloud services market.

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However, concerns regarding data security and protection hinder the market growth. On the contrary, increase in cloud services adoption in emerging economies is expected to open lucrative opportunities for the market players in the coming years.

By type, the SaaS segment dominated the market in 2019, contributing to nearly two-fifths of the global cloud services market, due to presence of software as multitenancy which is crucial for cloud computing. However, the IaaS segment is expected to register the highest CAGR of 17.7% during the forecast period, as IaaS can be shared and the cost can be reduced.

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By application, the customer relationship management segment accounted for the highest revenue in 2020. However, the project and portfolio management market segment is expected to witness highest growth rate in the forecasted period.

By region, the global cloud services market across North America held the largest share in 2019, accounting for nearly three-fifths of the market, due to high adoption of cloud computing services and emerging sector for cloud computing services in the region.

However, the market across Asia-Pacific is projected to portray the highest CAGR of 18.8% during the forecast period, due to rapid adoption of cloud computing, rise in investments in infrastructure as a service, and intense competition in the region.

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By offering, the service segment is expected to register the highest CAGR of 21.9% during the forecast period, as it assures the effective functioning of cloud-based platforms, solutions, and software.

However, the solution segment held the lion’s share in 2019, accounting for more than 95% of the global cloud services market, due to the benefits of cloud-based solutions to end-users and businesses such as increased capacity, scalability, functionality, and reduced maintenance cost.

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Some of the key cloud services industry players profiled in the report include Alibaba Cloud, Amazon Web Services, Inc., Cisco System, Inc., Dell Technologies Inc., Google LLC, Hewlett Packard Enterprise Development LP , International Business Machine (IBM) Corporation, Microsoft Corporation, Oracle Corporation, and Rackspace Hosting, Inc. This study includes cloud services market trends, and future estimations to determine the imminent investment pockets.

Covid-19 scenario:

  • The Covid-19 outbreak has accelerated the demand for the cloud to support crucial digital solutions such as e-commerce and remote work.
  • Moreover, the demand for entertainment platforms such as online gaming and video streaming increased during the pandemic, which favored the demand for cloud services.
  • Since the global adoption of work-from-home culture, the demand for cloud services for security and data protection has increased.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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Alcohol Wipes Market Size Hits  $1,137.7 Million by 2030 at a CAGR of 7.3% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “Alcohol Wipes Market by Fabric Material, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the alcohol wipes market size is expected to reach $1,137.7 million by 2030 at a CAGR of 7.3% from 2021 to 2030.

Alcohol wipes are as effective as hand rubs in inhibiting the growth of disease-causing microbes. Higher alcohol content equates to greater germ-killing power. In addition, these wipes contain a small amount of detergent to help clean oily debris. Although the alcohol concentration in alcohol wipes is strong enough to destroy microbe cell membranes, it is not strong enough to affect human skin cells. They are made of cellulose, polyester, or another absorbent fabric that is intended to collect germ debris.

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Key findings of the study

  • The global alcohol wipes market was valued at $568.0 million in 2020, and is projected to reach $1,137.7 million by 2030, registering a CAGR of 7.3% from 2021 to 2030.
  • By fabric material, the synthetic segment was the highest contributor to the market, with $372.1 million in 2020, and is estimated to reach $724.0 million by 2030, at a CAGR of 7.0% during the forecast period.
  • By end user, the commercial segment was the highest contributor to the market, with $350.8 million in 2020, and is estimated to reach $719.6 million by 2030, at a CAGR of 7.5% during the forecast period.
  • By distribution channel, the specialty stores segment was the highest contributor to the market, with $223.1 million in 2020, and is estimated to reach $423.0 million by 2030, at a CAGR of 6.7% during the forecast period.
  • By region, Europe was the highest revenue contributor, accounting for $189.7 million in 2020, and is estimated to reach $356.1 million by 2030, with a CAGR of 6.6%.

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The isopropyl content of alcohol wipes ranges from 70% to 100%, which can be hazardous to children. In addition, the use of isopropyl-containing alcohol wipes can cause itching and redness in skin. Owing of their high alcoholic content, alcohol wipes are flammable. Thus, these factors are expected to act as key restraints of the global alcohol wipes market.

Furthermore, alcohol wipes face an additional challenge as they are non-disposal and can clog drainage systems. To prevent such problems and save aquatic life, the UK Government has banned single-use products. On the contrary, implementation of stringent government regulations regarding product labelling maintains transparency, which is expected to drive market growth during the forecast period.

The key players operating in the global alcohol wipes market include Cardinal Health Inc., CleanFinity Brands, Pal International Ltd., Robinson Healthcare Ltd., The Clorox Co., GAMA Healthcare Ltd., Whitminster International, Diamond Wipes International Inc., Clarisan, 3M Company, GOJO Industries Inc, Honeywell International Inc, Illinois Tool Works Inc, McKesson Cor, and Unilever Group. The key strategies of market players include product launches, mergers & acquisitions, joint ventures, and expansion. Product innovation is being prioritized by prominent market players, who are offering more innovative products to consumers to address various personal hygiene concerns.

The industry is highly competitive, due to the presence of several manufacturers. To attract customer, companies are focusing on introducing novel products such as fragranced wipes. Swago, for example, introduced cologne-scented alcohol wipes for people who do not prefer to carry perfume. Surge in demand for disposable wipes is expected to increase the use of natural fabric material alcohol wipes. In addition, rise in consumer demand for low-cost goods is projected to offer remunerative opportunities for the expansion of the global market during the forecast period. As a result, companies are focusing on product development and pricing, thereby contributing toward the overall market growth.

About Us

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 domain.

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.

Blockchain Supply Chain Market Growth Statistics & Future Prospects by 2025

Rise in need for supply chain transparency and increase in demand for enhanced security of supply chain transactions have fueled the growth of the global blockchain supply chain market.

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On the other hand, lack of awareness about this technology and scarcity of skilled workforce restrain the growth to some extent. Nevertheless, propagation of the e-commerce industry is expected to create multiple opportunities in the segment.

As per the report, the global blockchain supply chain market was estimated at $93.2 million in 2017 and is expected to hit $9,852.9 million by 2025, growing at a CAGR of 80.2% from 2018 to 2025. The report offers a detailed analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

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Based on industry vertical, the retail segment accounted for nearly one-fourth of the total market share in 2017 and is expected to maintain its dominance throughout the estimated period. Tremendous efforts being taken by retail organizations to enhance customer experience and satisfaction have propelled the growth of the segment. Simultaneously, the healthcare segment is anticipated to showcase the fastest CAGR of 83.2% through 2018–2025.

Based on component, the platform segment contributed to more than four-fifth of the total market share in 2017 and would maintain its leadership status till 2025. Its capability of providing improved efficiency along with enhanced security and transparency has worked as the major driving factor behind its growth. At the same time, the services segment would grow at the fastest CAGR of 87.6% during the study period.

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Based on geography, the North America region held the largest share in 2017, contributing to nearly three-fifth of the total market. Strong presence of market players and technological developments in the region have driven the growth. The Asia-Pacific region, on the other hand, is projected to grow at the fastest CAGR of 90.4% during the forecast period.

Leading market players analyzed in the global blockchain supply chain market report include Microsoft Corporation, BTL Group, Huawei Accenture Plc., Oracle Corporation, SAP SE, TIBCO Software, IBM Corporation, AWS Inc., and Auxesis Group. These players have adopted various market strategies such as partnerships, collaboration, mergers & acquisitions, and new product launch to strengthen their foothold in the industry.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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Aluminum Fishing Boat Market is Expected to Garner a Eevenue of $2,491.8 Million and Grow at a CAGR of 7.44% from 2021 to 2030

According to a report published by Research Dive, the global aluminum fishing boat market is expected to garner a revenue of $2,491.8 million and grow at a CAGR of 7.44% over the estimated timeframe from 2021 to 2030.

As per our analysts, with the increasing popularity of fishing as a hobby due to its numerous health benefits, such as stress alleviation, increased social bonding, self-fulfillment, and many more, the aluminum fishing boat market is expected to witness remarkable growth during the forecast period. Moreover, the increasing demand for aluminum fishing boats due to their cost-effectiveness, greater strength, and durability is predicted to foster the growth of the market throughout the analysis period. However, the corrosion in aluminum fishing boats may hamper the growth of the market throughout the estimated period.

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Segments of the Aluminum Fishing Boat Market

The report has divided the market into various segments based on boat type, size, engine type, and region.

Boat Type: Deep-V Boat Sub-Segment to be Most Productive

The deep-v boat sub-segment is predicted to hold the largest share of the market during the analysis period. This is mainly because the deep-v boats are broadly used by fishermen as they can function comfortably in choppy weather. Moreover, the deep-v-shaped boats provide a fantastic ride experience even in turbulence and can travel faster around the water which are the factors expected to fortify the growth of the market sub-segment over the forecast period.

Size: 14-16 Feet Sub-Segment to be Most Productive

The 14-16 feet sub-segment is predicted to have the maximum share of the market over the estimated period. The 14-16 feet fishing boats are lighter and stronger and can be used for fishing in harsh water, which are the factors expected to bolster the growth of the market sub-segment over the analysis timeframe.

Engine Type: <200 HP sub-segment to be Most Lucrative

The <200 HP sub-segment is expected to generate notable revenue and expand at a steady pace during the forecast period. <200 HP provides a fuel-saving choice for small-scale fishing and allows fishermen to move quickly and freely in harsh water, which are the factors expected to upsurge the growth of the sub-segment over the analysis period.

Region: Asia-pacific Region to Have Huge Growth Opportunities

The Asia-Pacific region of the aluminum fishing boat market is expected to generate significant revenue and continue the fastest growth during the estimated timeframe. This is mainly because both freshwater and saltwater fishing are popular in this region. Moreover, the continuous product development and strategic acquisition by the leading fishing boat manufacturing companies of this region are predicted to drive the regional growth of the market over the analysis period.

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Covid-19 Impact on the Aluminum Fishing Boat Market

The outbreak of the Covid-19 pandemic has had a negative impact on the aluminum fishing boat market. The travel restrictions, social distance conventions, and stay-at-home rules imposed by the governments of many nations have reduced the demand for recreational activities, such as fishing, water tourism, and many others. Moreover, due to the disruption in the supply chain of raw materials many boat manufacturing companies were shut down. All these factors have declined the growth of the market during the pandemic period.

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Key Players of the Market

The major players of the aluminum fishing boat market include

White River Marine Group, Smoker Craft Inc., UMS Boats, MirroCraft, Yamaha Motor Co., Ltd., Correct Craft, Legend Boats, BRP, Bennington Pontoon Boats, Brunswick Corporation, and many more.

These players are widely working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to acquire a leading position in the global industry. – Inquire here before buying full report

For instance, in June 2021, Yamaha Motor Europe, a leading producer, and distributor of Yamaha Motor Company, announced its partnership with Finval Boats, a renowned producer of all-welded aluminum fishing boats. With this partnership, the companies aimed to develop engines of high-power families from 200HP to 300HP for aluminum fishing boats to improve the user experience in harsh water.

Further, the report also summarizes other crucial aspects including SWOT analysis, the financial performance of the key players, SWOT analysis, and the latest strategic developments.

Back To School Market Size Hits $131.8 Bn Globally, by 2030

Allied Market Research published a report, titled, “Back-to-school Market by Product Type, (Backpack, Electronic, Stationery, Clothing, Shoes, and Others) and Sales Channel (Hypermarket/Supermarket, E-commerce, Dollar Stores, Specialty Stores, and Others): Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global back-to-school industry garnered $66.16 billion in 2020, and is projected to reach $131.18 billion by 2030, witnessing a CAGR of 4.8% from 2021 to 2030.

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Drivers, restraints, and opportunities

Rise in government expenditure and emphasis on primary education, surge in campaigns and sales promotions, and launch of innovative products drive the growth of the global back-to-school market. However, choking hazards related to small components and toxicity of certain stationery products hinder the market growth. On the other hand, digital transformation in education and rise in prominence of online shopping create new opportunities in the coming years.

This current decade has witnessed a surge in the literacy rate specifically in Asia-Pacific, which is the largest and fastest growing across the globe. In addition, the region is growing in terms of online sales channel, as it is now emerging as one of the prominent sales channels in the retail sector. Many brands have now transitioned toward omni channel market approach. The online sale of school supplies has increased amidst the COVID-19 pandemic. The shift of consumer behavior toward buying their requirement online is likely to continue in the future, which is anticipated to boost the market growth.

CXO further stated that globally, the adoption of digital tools during pandemic has led the education system to move further with the combination of online and offline education system. Universities are planning to continue their digital transformations and workshopping as a new strategies of learning for the upcoming years. Furthermore, the use of books is likely to reduce, whereas the penetration of digital tools such as kindle is expected to rise among students. This is attributed to the fact that kindle itself has multiple advantages, which have led to rise in its usage. In addition, kindle offers free books, cheaper books, dictionary, translations, electronic markers, large print, and search function, as well as  is paperless. Each year, approximately 15 billion trees are cut down just for the production of text books globally; thus, paperless learning is gaining high traction in the global market, thus supporting sustainability. Therefore, owing to multiple advantages associated with kindle, universities are planning to adopt this digital tool into their education system, to ease the burden of weight and shift the students from offline learning to online learning, which is a more fun and easier way to help students in getting better education.

The stationery segment to continue its leadership status during the forecast period

Based on type, the stationery segment contributed to the highest share in 2020, accounting for more than two-fifths of the global back-to-school market, and is projected to continue its leadership status during the forecast period. Moreover, this segment is estimated to manifest the highest CAGR of 6.5% from 2021 to 2030. This is attributed to necessity of various stationary products such as pens, pencils, rulers, sharpeners, color pencils, and notebooks across the globe. The report analyzes the segments including bagpack, electronic, clothing, shoes, and others.

The hypermarket/supermarket segment to maintain its dominant share during the forecast period

Based on distribution channel, the hypermarket/supermarket segment contributed to the largest share in 2020, accounted for nearly two-fifths of the global back-to-school market, and is estimated to maintain its dominant share during the forecast period. This is due to availability of broad variety of products under a single roof and ample availability of parking space and convenient operation timings. However, the e-commerce segment is projected to portray the fastest CAGR of 6.0% from 2021 to 2030. This is due to ease in availability, benefits such as information about the attributes of the products, time-saving features, and facility of home delivery provided by online platforms.

Asia-Pacific, followed by Europe and North America, to maintain its lead position by 2030

Based on region, Asia-Pacific, followed by Europe and North America, accounted for the highest market share in 2020, contributing to around two-fifths of the global back-to-school market, and is estimated to maintain its lead position by 2030. Moreover, this region is expected to register the largest CAGR of 6.0% during the forecast period. This is due to huge consumer base and massive opportunities for growth.

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Leading market players

  • Acco Brands
  • Faber-Castell
  • Harlequin International Group Pty Ltd.
  • ITC Limited
  • Mitsubishi Pencil Co., Ltd.
  • Pelikan International Corporation Berhad
  • Schwan stabilo group
  • Staedetler
  • Wh Smith Plc
  • Zebra Pen Corp.

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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.

Turbine Drip Oil Market to Witness Robust Expansion throughout the Forecast Period 2022 – 2029

The rapid development of the automotive industry is a key factor that drives the demand for drip oil. With the increase in industrialization across the globe, the requirements for lubricants and machine oils is expected to rise, thereby augmenting the global turbine drip oil market growth. Lubricants are utilized in drip lubrication systems for water well line shaft bearings, water turbine bearings for irrigation pumps, and other turbine bearing applications, which further propel the demand for drip oil. Furthermore, the ability of turbine rip oil to work under severe environmental conditions drives the growth of the market. However, fluctuation in prices of drip oils acts as a restraining factor in the global market.

The global Turbine Drip Oil market study depicts the current key trends, market analysis, competitors’ strategy, and impending market & technology forecast. Moreover, the study also embodies the revenue size, market extent, and growth prospects of the global Turbine Drip Oil market in terms of value and major trends at the regional level.

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Segmental Outlook of the Market

The global Turbine Drip Oil market is classified on the basis of type, application, end-user, and region. Based on geography, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Spain, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The segmental study is provided (real-time and forecast) in both quantitative and qualitative facets. This aids the clients in identifying the most productive segment to keep on with investments, along with short-term acknowledgment of the operating enterprises and their key developmental undertakings.

The major players operating in the global Turbine Drip Oil market are examined to comprehend their competitive strength and position in the sector along with different data points, which take in the brief company overview, key officials of the company, current financials of the venture, major growth strategies incorporated by the respective enterprise, and new approaches or tactics undertaken by the firm to sustain and perk up their stand in the global Turbine Drip Oil market.

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Key segments covered

By Type:

  • Traditional Grade
  • Premium Grade

By Application:

  • Lubrication
  • Machine Oil
  • Others

By Industry Vertical:

  • Water Utility
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Others

By Region:

  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)

Covid-19 impact analysis:

The outbreak of COVID-19 affected the global economy severely and the Turbine Drip Oil market was also not an exception in this regard. The report includes the COVID-19 impact on the market along with the current stratagems, dynamic slants, lines, and tactics espoused by the major players in the sector.  It would further add up value to our clients by offering much-needed insights into the global spectrum of the market.  Apart from showcasing the impact instigated on the market share and size throughout the pandemic, especially during the initial phase, it also focuses on the key strategies implemented by the frontrunners during this crisis. Simultaneously, with the rollout of mass vaccination programs across the world, the market is expected to revive soon and the report also offers the post-COVID-19 impact on the global Turbine Drip Oil market.

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The Report Encompasses the Below Key Points-

  • The segment that garners the major share in terms of revenue
  • The industry players and the approaches adopted by them
  • New tactics embraced by the players to carry through this pandemic
  • Explicit analysis of the value chain

About Us

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 “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.

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 the 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 the 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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Heavy Fuel Oil Market Estimated to Experience a Hike in Growth By 2029

The report offers a detailed study of the Heavy Fuel Oil market, which is classified by types, end users, applications, and regions. By geography, the Heavy Fuel Oil market is categorized across North America, Europe, Asia-Pacific, and LAMEA. North America is divided into the U.S., Canada, and Mexico. Europe includes Germany, France, the UK, Italy, and the rest of Europe. Asia-Pacific takes in China, India, Japan, South Korea, and the rest of Asia-Pacific. Latin America, the Middle East, and Africa are studied across LAMEA. The report encompasses a quantitative analysis of the Heavy Fuel Oil market from 2021 to 2030. Considering all the micro- and macro-economic aspects, the CAGR is projected from 2021 to 2030.

 The report also provides information on the drivers, restraints, and opportunities of the market. Furthermore, certain strictures such as value chain breakdown, pricing analysis, Porter’s five force breakdown, and impact of government dictums on the market are also demonstrated in the Heavy Fuel Oil market report.

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Segmental outlook

The global Heavy Fuel Oil market is categorized on the basis of type, application, end-use industry, and region. Based on region, the market is studied across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The segmental study takes in real-time and forecasts in both qualitative and quantitative terms. This helps clients understand the most worthwhile segments for investors to capitalize on in the market.

By Classification:

  • Low
  • Medium
  • High

By Application:

  • Industrial
  • Non-Industrial

By End-User:

  • Shipping
  • Others

By Region:

  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)

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Competitive scenario

The report encompasses an in-depth study of the major players operating across the world, along with market share analysis, and an outlook on the strategies adopted by the top players in the industry. Moreover, the report highlights the developmental strategies such as mergers & acquisitions, product launches, and partnerships incorporated by the market players to heighten their foothold in the market.

Key Players: Chevron Corporation., Emo Oil Ltd., Exxon Mobil Corporation., Indian Oil Corporation Ltd., Neste Oyj, PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc., and Tauber Oil Co.

COVID-19 Impact Analysis

The COVID-19 outbreak had a huge impact on the community as well as the economy throughout 2020. The report offers a brief overview of the outcome of the outbreak. The report focuses on the direct impact of the COVID-19 pandemic on the market extent and share.

Moreover, it also discusses the safety measures taken by governments to curb the spread of the virus and how it has helped the Heavy Fuel Oil market get back on track soon It further highlights the prime strategies adopted by major market players during such unprecedented times.

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About Us

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.

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 the 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 the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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+1-800-792-5285, +1-503-894-6022
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Rapid Tests Market Size Is Projected to Reach $97,606.33 Million By 2030, Registering A CAGR of 11.3%

According to a new report published by Allied Market Research, titled, “Rapid Tests Market by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global rapid tests market size was valued at $33,329.15 million in 2020, and is projected to reach $97,606.33 million by 2030, registering a CAGR of 11.3% from 2021 to 2030.

♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
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Key Findings of the Study –

  • Based on product, the over-the-counter (OTC) rapid test product segment is expected to show the fastest rapid tests market growth, at a CAGR of 11.9% from 2021 to 2030.
  • Based on application, the glucose monitoring segment held maximum global rapid tests market share in 2020 and is expected to remain dominant throughout the forecast period.
  • Based on end user, the hospitals & clinicssegment exhibited growth at a CAGR of 11.8% from 2021 to 2030.
  • Based on region, Asia-Pacific is projected to experience growth at the highest rate, registering a CAGR of 12.8% during the forecast period.

Based on product, professional rapid testing products held the largest share in 2020 and is expected to continue to dominate during the forecast period, due to increasing demand for rapid home testing drugs and mandatory government policies for testing for diseases such as HIV, malaria flu and others. However, the over-the-counter (OTC) market is expected to grow at the highest CAGR from 2021 to 2030.

Based on applications, blood glucose monitoring segment occupied the largest share in 2020 and is expected to dominate the rapid test market during the forecast period owing to the increase in the prevalence of diabetes and the increased awareness of rapid home blood glucose test kits. On the other hand, the infectious disease segment is expected to exhibit the fastest market growth during the forecast period owing to the rising prevalence of infectious diseases and increasing demand for rapid tests at low cost and accurate for preliminary infectious disease testing.

♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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North America is the largest contributor to the investment in the global rapid test market in 2020, owing to the high usage of rapid tests due to the increase in early diagnosis and the increase in chronic diseases in the region . However, Asia-Pacific is expected to grow at the highest CAGR of 10.5% during the study period, which is driving growth in revenue, healthcare spending and awareness.

Key Market Players –

Major key players that operate in the the industry are Akers Biosciences, Abbott Laboratories (Alere Inc.),Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Danaher Corporation (Cepheid, Inc.), Hologic, Meridian Bioscience, OraSure Technologies, OraSure Technologies, and F. Hoffmann-La Roche AG (Roche Diagnostics).

By Region –

North America (U.S., Canada, Mexico)

Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)

♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/checkout-final/839c877e1c8e031c2f893bc3a0854212

Frequently Asked Questions?

Q1. What is the total market value of global rapid tests market?

Q2. Which market holds the maximum market share of the global rapid tests market?

Q3. What will be global rapid tests market growth in 2030?

Q4. What are the key trends in the global rapid tests market?

Q5. What are the key growth strategies of global rapid tests market players? Q6. How the company profile has been selected?

About Us –

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 domain.

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 research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y 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:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com