A Market Place Research – Page 1262

Food Delivery Mobile Application Market Size to Record CAGR of 25%

According to the report, the global food delivery mobile application market generated $6.75 billion in 2020, and is expected to reach $62.83 billion by 2030, witnessing a CAGR of 25% from 2021 to 2030.

High internet penetration, rise in adoption of smartphones, changes in lifestyle in developing countries, and advantages such as cost savings, high return on investments (ROI), high profit margins, and high customer retention drive the growth of the global food delivery mobile application market. However, lack of high-speed connectivity in developing and underdeveloped countries and uncertainty of enterprises in developing their own applications restrain the market growth. On the other hand, increase in investments in digitalization and rise in alliances and collaborations of application developers with various restaurants present new opportunities in the coming years.

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The Android segment to continue its leadership status throughout the forecast period

Based on deployment platform, the Android segment accounted for the highest market share in 2020, accounting for around half of the global food delivery mobile application market, and is estimated to continue its leadership status in terms of revenue throughout the forecast period. This is due to larger base of android users as compared to other types of operating systems. However, the iOS segment is expected to witness the highest CAGR of 26.5% from 2021 to 2030, owing to the global digitization, accessible designer tools, cross-device development, and monetization.

The food delivery market place segment to maintain its lead position during the forecast period

Based on end user, the food delivery market place segment contributed to the highest market share in 2020, holding more than four-fifths of the global food delivery mobile application industry, and is projected to maintain its lead position during the forecast period. This is attributed to no additional costs to consumers and ability of aggregators to achieve high-profit margins with the asset-light model. However, the restaurants & others segment is expected to manifest the fastest CAGR of 27.5% from 2021 to 2030, owing to rise in popularity of digital services among businesses and customers.

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

Based on region, Asia-Pacific, followed by North America, accounted for the highest market share in terms of revenue in 2020, contributing to more than two-fifths of the global food delivery mobile application market, and is expected to maintain its dominance by 2030. This is attributed to presence of many global and domestic food service players including Zomato, Foodpanda, Waimai Baidu, and others and rise in penetration of smartphones. The report also analyzes regions including Europe and LAMEA.

Leading Market Players

Apple Inc.
CA, Inc. (Broadcom)
Cognizant
Google Inc.
IBM Corporation
Mendix
Microsoft Corporation
Red Hat, Inc.
SAP SE
Zoho Corporation Pvt. Ltd.

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KEY FINDINGS OF THE STUDY –

By deployment platform, the android segment accounted for the largest food delivery mobile application market share in 2020.
Region wise, Asia-Pacific generated the highest revenue in 2020.
On the basis of end user, the food delivery market place accounted for the largest food delivery mobile application market forecast.

In the midst of the global COVID-19 outbreak, the advantages of online food delivery (FD) were obvious as it facilitated consumer access to prepared meals and enabled food providers to keep operating. However, following the recovery from the COVID-19 pandemic, the food industry is expected to grow in the next coming years. Various firms globally have implemented a work-from-home culture for their staff, resulting in rise in demand for ready to eat food, which is expected to increase growth in the food delivery mobile application industry.

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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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Live Chat Software Market to Register CAGR of 8.8%

According to the report, the global live chat software market generated $755.23 million in 2020, and is expected to reach $1.7 billion by 2030, witnessing a CAGR of 8.8% from 2021 to 2030.

Rise in popularity of live chat for resolving questions related to online shopping, adoption of live chat by organizations to improve customer relationship management (CRM), and benefits of live chat software over conventional customer support drive the growth of the global live chat software market. However, lack of standardization restrains the market growth. On the other hand, the integration of social media platforms and live chat software is projected to offer lucrative opportunities in the coming years.

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The retail and ecommerce segment to maintain its dominance throughout the forecast period

Based on end user, the retail and ecommerce segment accounted for the highest market share in 2020, contributing to more than one-third of the global live chat software market, and is estimated to maintain its dominance throughout the forecast period. This is attributed to ability of retailers and ecommerce providers to connect with customers during the shopping process rather than after a purchase and elimination of the need to deal with customer service requests in the future. However, the travel and hospitality segment is expected to manifest the fastest CAGR of 11.6% from 2021 to 2030. This is due to implementation of live chat on websites and apps to gain competitive edge by connecting with potential customers.

The mobile segment to continue its leadership status by 2030

Based on device type, the mobile segment held the highest share in 2020, accounting for around three-fifths of the global live chat software market, and is projected to continue its leadership status by 2030. Moreover, this segment is estimated to witness the highest CAGR of 9.3% from 2021 to 2030. This is due to rapid adoption of smartphones, internet penetration in emerging economies, and rapid development of mobile applications for various industry verticals such as BFSI, retail, and education. The report also analyzes the desktop segment.

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North America to maintain its lead position by 2030

Based on region, North America contributed to the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global live chat software industry, and is projected to continue its lead position by 2030. This is attributed to adoption of artificial intelligence-enabled tools to help businesses with customer support, sales, and marketing. However, Asia-Pacific is estimated to witness the largest CAGR of 11.0% during the forecast period. This is due to rise in demand for live chat software from numerous industries to automate and scale their activity and surge in adoption of chats app in countries such as India and China.

Leading Market Players

LogMeIn, Inc.
LivePerson, Inc.
Zendesk
SnapEngage
Livechat, Inc.
Olark
Kayako, Inc.
Freshdesk, Inc.
Woopra, Inc.
Provide Support LLC

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KEY FINDINGS OF THE STUDY –

By Product, in 2020 the customer service live chat system dominated the live chat software market size.
By device, in 2020, the mobile segment dominated the live chat software market size.
Depending on end user, retail and Ecommerce segment generated the highest revenue in 2020 of Live chat software market share. However, travel & hospitality sector is expected to witness significant growth in the forecasted period.
Region wise, the live chat software industry was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

The current estimation for 2030 is projected to be higher than pre-COVID-19 estimates. During the COVID-19 pandemic, live chat software is playing a vital role in resolving customer issues and providing quick solutions across the globe. The advantages of online chat software have become more obvious during the COVID-19 pandemic. This has led to increase in the sales of products and services through ecommerce channels, which has increased the adoption of live chat software to provide 24*7 customer support.

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Massage Oil Market Size Growing At a CAGR of 10.5% to 2031 | Adults Segment is CAGR of 10.9% During the Forecast Period

According to a new report published by Allied Market Research, titled, “Massage Oil Market,” The Massage Oil Market Size was at $3 billion in 2021, and is estimated to reach $8.1 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031. 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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Rise in inclination of customers preference toward health living, increase in literacy rate among customers, increase in knowledge about the benefits of massage oil, extensive application for the treatment of various chronic injuries such as sports or accidental injuries, and surge in its application of reducing stress and increasing relaxation are expected to drive the growth of the global massage oil market.

The global massage oil market is segmented on the basis of product, end-user, application, distribution channel, and region. On the basis of product, the market is classified into almond oil, coconut oil, citrus oil, and others. Almonds make up the biggest part of the market, and this is expected to stay during the forecast period. The growth of the almond massage oil segment is attributed to the nourishment and health benefits provided by almond massage oils. However, the others segment is anticipated to grow in the future.

There has been a significant increase in the literacy rate and people are more educated and aware of the benefits of health care products such as massage oils, which aid in the treatment of various muscle disorders and diseases such as sore muscles and normal muscle pain. Oils are also used in different treatments of accidental injuries such as car accidents or injuries to soldiers at work. Many times, car accidents may lead to internal and soft tissue damage. Many physiotherapists use body massage oils such as almond and jojoba oil in the treatment of chronic accidental injuries are some of the Massage Oil Market Trends.

Depending on the end user, the market is bifurcated into adults and babies. Among these, the adult’s segment occupied a major Massage Oil Market share and is projected to maintain its dominance during the forecast period. This is attributed to growing awareness related to various benefits of massage among adults, along with a rising in a number of adults using spa and wellness services to maintain overall well-being

By distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, E-commerce, and others. The specialty stores segment is anticipated to grow at the highest CAGR during the forecast period, owing to availability of various discounts and personal experiences.

Based on application, the spa and wellness centres segment held the dominating market share in 2021, holding more than half of the global market, and isexpected to maintain its leadership status during the forecast period. The medical therapeutics segment, on the other hand, is expected to cite the fastest CAGR of 11.5% during the forecast period.

In 2021, North America accounted for 42.3% of the global oil massage market and is expected to maintain its dominance during the forecast period. However, Europe and Asia-Pacific are expected to possess the highest CAGRs of 10.3% and 15.9%, respectively, owing to rise in health concerns among people and an increase in the popularity of oil massage in these regions.

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The key players analyed in the global massage oil market report include Dabur International Limited, Fabulous Frannie, Forest essentials, Frontier Co-op, Himalaya Global Holdings Ltd., Indus Valley, Kama Ayurveda, Majestic Pure Cosmeceuticals, Mambino Organics, Mountain Rose Herbs, Natura & Co, Now foods, Performance Health, Soothing Touch, and Young Living Essential oils.

Key findings of the study:

○ The basis of product type, the almond oil segment dominated the market in the 2021.
○ Basis of end user, the adults segment is expected to be the fastest growing segment, with a CAGR of 10.9% during the forecast period.
○ On the basis of application, the medical therapeutics segment is expected to be the fastest growing segment, with the a of 11.5% during the forecast period.
○ The basis of distribution channel, the e-commerce segment is likely to be the fastest growing segment with the CAGR of 12.4% during the forecast period.
○ Region wise, North America dominated the global massage oil market during the forecast period of 2022 to 2031

Reasons to Buy This Massage Oil 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.
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○ To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

Related Reports:

○ Electric Massagers Market by Manufacturer, Region, Type and Application Forecast to 2027
○ Massage Chairs Market Industry Analysis, Share, Opportunities and Forecasts by 2027
○ Massage Guns Market Will Show An Increase Of By 2027, Report
○ Massage Pillow Market Revenue Is To Reach A Value Of CAGR Forecast Till 2027

Source: https://www.globenewswire.com/news-release/2022/09/22/2520715/0/en/Global-Massage-Oil-Market-to-Reach-8-1-Billion-by-2031-Allied-Market-Research.html#:~:text=Portland%2C%20OR%2C%20Sept.,10.5%25%20from%202022%20to%202031.

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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Retail Ready Packaging Market Size Valued $107.8 Billion Forecast by 2031

The Retail Ready Packaging Market size was valued at $65.1 billion in 2021, and is estimated to reach $107.8 billion by 2031, growing at a CAGR of 5.1% from 2022 to 2031. A retail ready package is a type of secondary package that displays a brand and helps identify the product. Retail ready packages exhibit multiple benefits for retailers and brand owners, for instance, retail ready packages are designed to contribute to effective and efficient storage and sales. Moreover, while presenting the brand as a value-added specialty to brand owners, they provide retailers with easy shelving replenishment and easy transportation.

Top Leading Players

The major players profiled in the retail ready packaging market opportunities include DS Smith, Georgia-Pacific LLC, Green Bay Packaging Inc., International Paper, Mondi, Smurfit Kappa, the Cardboard Box Company, Vanguard Packaging, LLC, Weedon Group Ltd. and WestRock Company.

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Recyclability, which is its most essential feature, is the most important market driver. This is attributed to the fact that as retail ready packages are mayorly made up of paper and paperboard, they are simple to recycle. The designs and elements added to the box provide value to the product while also promoting the brand. In addition, they are lightweight and easy to handle, with quick refilling, and they make the product more user-friendly.

Rise in demand for packaged processed foods and drinks is likely to drive the expansion of the retail ready packaging market. Moreover, the demand for retail ready packaging is driven by development of the fast moving consumer goods (FMCG) industry. FMCG products have increased the demand for retail ready packaging through creative and effective functional designs. This is an effort for retailers to identify products, promote effective warehousing, improve store efficiency, eliminate internal unpacking content & replenishment time, and place products directly on retail shelves, thus ultimately increasing a store’s sales and profits. Furthermore, retail ready packaging helps to improve the shelf life of fragile and delicate products. From the consumer’s point of view, the nature of its product identification promotes a convenient shopping experience for consumers, which drives the demand for ready-to-sell packages in the retail ready packaging industry.

However, lack of consistency in the packaging process is impeding the market for retail ready packaging market share. Furthermore, as different types of products are subjected to different types of transportation and wear and tear, variable packaging quality is required. The use of the same packaging procedure for all items lowers product life and quality, thus restraining the retail ready packaging market growth.

In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering growth of the retailready packaging market. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.

Furthermore, the global market need for retail ready packaging market forecast is expected to be fueled by increase in penetration of e-commerce platforms as well as developments in supply chains and logistics sector. E-commerce has a significant role in logistics, necessitating the use of retail ready packaging to assist the transit of massive quantities of items. Moreover, retail ready packaging serves as an ideal packaging method for moving large quantities of items, as it allows product identification without compromising the product’s quality, integrity, or look. Recent packaging innovations include QR code scanning for product specifications, handbooks, and other information. This minimizes packing size and makes it more environmentally friendly. Thus, all these factors collectively are expected to open a plethora for the growth of the retail ready packaging industry during the forecast period.

The global retail ready packaging market is segmented into product type, material, and application, and region. Depending on product type, the market is categorized into die cut display containers, corrugated cardboard boxes, shrink wrapped trays, folding cartons, and others. On the basis of material, it is fragmented into paper & paperboard, plastics, and others. By application, it is differentiated into food & beverages, pharmaceutical, personal care & cosmetics, electronics, and others.

Region wise, the global retail ready packaging market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

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Duty-Free Liquor Market Size, Recent Development, Opportunities and Outlook

Development of travel & tourism industry, rapid growth in urbanization, and rise in disposable income is anticipated to drive the global duty-free liquor market. However, stringent government rules, particularly for airport retailing is anticipated to hinder the growth of the industry during the forecast period.

The duty-free liquor market size was valued at $13.7 billion in 2019, and is projected to reach $16.1 billion in 2027, registering a CAGR of 11.10% from 2021 to 2027.

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The duty-free liquor at airport, cruise liners, border, downtown, and hotel shops have become a favorite destination for travelers who like to shop before starting their journey. This is due to the elimination of local import tax or the duties implemented by the government bodies.

Travel & tourism includes leisure tourism, business tourism, and others. The factors that promote the growth of the travel & tourism industry include changes in lifestyle, rise in tourism promotion, increase in number of passengers and frequent fliers, and others, which in turn are expected to fuel the growth of the market Therefore, these factors are expected to propel the growth of market in the near future.

Asia-Pacific has emerged as one of the largest growing and developing nation. Improvement in economic conditions in the region along with growth in disposable income are the key drivers of the market. Economic increase in several countries in LAMEA boosts the market growth. In addition, an increase in the number of millennial is projected to drive the growth of the duty-free liquor market. Therefore, the untapped regions in Asia-Pacific and LAMEA possess huge growth prospects in the coming years.

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North America and Europe is among the most urbanized regions with nearly 81% and 80% urban population respectively. Africa and Asia have comparatively lower urban population shares, with 40% and 48% urban population, respectively. As per the WHO and other organizations, Africa and Asia are the major regions that are expected to witness rapid urbanization trend and are projected to account for 56% and 64% urbanization rate, respectively, by 2050. India and China are the two major countries with increasing urban population and potential market for duty-free liquor.

The key players operating in the global duty-free liquor industry analysis focus on prominent strategy to overcome competition and to maintain as well as improve their share worldwide. The key players profiled in the report include Brown-Forman, Diageo, Erdington, Bacardi, Heineken, Glen Moray, Accolade Wines, Constellation Brands, Inc., REMY COINTREAU, Pernod, and Ricard.

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Key Findings Of The Study

Based on region, European region has the maximum share in duty-free liquor market analysis in 2019.
Based on type, the whiskey category occupied the maximum share in market in 2019.
By channel, the airport category dominated the overall duty-free liquor market growth in 2019, and is expected to dominate the duty-free liquor market forecast.

About Allied Market Research:

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.

Cosmetic Packaging Market is estimated to reach $55.9 Billion Forecast by 2030

The Cosmetic Packaging Market size was valued at $34.3 billion in 2020, and is estimated to reach $55.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.

Commonly observed material types of cosmetic packaging materials are glass packaging, paper-based packaging, plastic packaging, and metal packaging. Among these, the plastic packaging accounted for the highest market share in 2020, owing to surge in spending on creamy cosmetic products. The market is analyzed with respect to different packaging type such as tubes, bottles, dispenser, and others. The applications covered in the study include oral care, skin care, hair care, makeup, and perfume.

Top Companies

The key companies profiled in the cosmetic packaging market report include Albea SA, Amcor PLC, Aptargroup Inc., Big Sky Packaging, Berlin Packaging, Berry Global, Inc., DS Smith PLC, HCP Packaging Co. Ltd., Huhtamaki Oyj, and Sonoco Products Company.

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The growth of the cosmetic packaging market is majorly driven by rise in expenditure on cosmetic products by individuals and the development of cosmetic packaging that are easy to handle, durable, and environment-friendly. Moreover, the development of the e-commerce industry notably contributes toward the market growth.

In 2020, Asia-Pacific dominated the global cosmetic packaging market share, in terms of revenue, followed by North America and Europe. This is attributed to rise in use of cosmetic packaging for skin care cosmetic products.

Advancements in printing technology have enhanced the appearance of cosmetic packaging, thereby increasing their desirability, thus increasing the demand for cosmetic products. Packages made of plastic are widely used for cosmetics, as they are durable, easy to manufacture, and can take any shape. In addition, the development of environment-friendly packaging is helping manufacturers to move toward a sustainable future.

For instance, in June 2021, Berlin Packaging, acquired Raepak Limited, a manufacturer of plastic packaging for cosmetics and personal care end-markets. It also offers a wide range of recyclable and eco-friendly packaging. This deal will enable Berlin Packaging to enhance its environment-friendly packaging products in the UK.

However, during the pandemic lockdown, various manufacturers in the cosmetic packaging market had to stop their business in countries such as China, the U.S., and India. This directly impacted sales of cosmetic packaging manufacturing companies. In addition, lack of manpower and raw materials constricted supply cosmetic packaging components, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to positively influence cosmetic packaging market growth.

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Commercial Refrigeration Market Size is Projected to Reach $35.25 Billion by 2027, Current Trends and Growth Drivers Along with Top Manufacturers

According to a new report published by Allied Market Research, titled, “Commercial Refrigeration Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2021–2027″. The commercial refrigeration market size was valued at $28.19 billion in 2019, and is projected to reach $35.25 billion by 2027, growing at a CAGR of 4.4% from 2021 to 2027. 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 growth of the global market for commercial refrigeration is driven by increase in demand for frozen & chilled products among consumers due to changes in lifestyle and rapid urbanization. Moreover, development of the organized retail sector coupled with increase in number of hypermarkets and supermarkets boosts the commercial refrigeration market growth. However, problems such as the need for frequent maintenance and potential technical issues arising due to lack of proper maintenance hamper the market growth. Contrarily, advancements in commercial refrigerators such as integration of artificial intelligence (AI) coupled with rise in trend of automation of equipment and upsurge in number of food outlets & quick service restaurants especially in emerging economies are anticipated to provide potential opportunities for the growth of the commercial refrigeration market.

By end user, the supermarket/hypermarket segment accounted for a commercial refrigeration market share in 2019, and is expected to remain dominant during the forecast period. However, the retail pharmacies segment is expected to experience rapid growth with a CAGR of 6.0% from 2021 to 2027. This is attributed to the increased revenue from hospitals over the past few years, owing to rise in geriatric population and need for medical care.

Based on region, Asia-Pacific accounted for the largest share in 2019, holding more than two-fifths of the total market share, and will maintain its leadership status by 2027. However, LAMEA is expected to grow at the largest CAGR of 4.9% during the forecast period.

Asia-Pacific is one of the prominent regions for commercial refrigeration, which accounted for 43.7% total market share in 2019. The medical refrigeration segment is expected to grow at the fastest CAGR of 5.1% throughout the forecast period, reaching $3.55 billion by 2027. This is attributed to rapid expansion of the retail pharmacy across the globe.

The commercial refrigeration industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Increase in demand for commercial refrigeration equipment in Asia-Pacific and LAMEA is expected in the near future, owing to rapid industrialization and implementation of automation in these regions. Moreover, rise in number of food outlets coupled with expansion of retail pharmacies and experience centers such as supermarkets and hypermarkets is expected to provide lucrative opportunities for the growth of the global market.

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The key players profiled in the report include United Technologies Corporation, Daikin Industries Ltd., Illinois Tool Works Inc. (ITW), Johnson Controls International Plc, Dover Corporation, AB Electrolux, Panasonic Corporation, Ali Group S.r.l., Frigoglass S.A.I.C., and Haier Electronics Group Co., Ltd.

Key findings of the study:

○ Depending on type, the chest refrigeration segment in the market is expected to grow at a CAGR of 4.1% from 2021 to 2027.
○ Region wise, Asia-Pacific is projected to maintain its leading position throughout the forecast period, growing at a CAGR of 4.6%.
○ On the basis of end user, the supermarket/hypermarket segment accounted for 26.13% of the share in 2019; however, the retail pharmacies segment is expected to grow at a CAGR of 6.0% from 2021 to 2027.
○ China is expected to occupy a major share in the Asia-Pacific market in 2019.

Reasons to Buy This Commercial Refrigeration 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.
○ 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.

Related Reports:

○ White Goods Market is estimated to reach $ 1,031.0 billion by 2027
○ Europe Commercial Refrigeration Market is projected to reach $9,921.0 million by 2028
○ Washing Appliances Market by Manufacturer, Region, Type and Application Forecast to 2021-2030
○ Commercial Steamer Market Size, Share, Growth, Trends and Forecasts 2021-2027

Source: https://www.globenewswire.com/en/news-release/2021/02/03/2169140/0/en/Global-Commercial-Refrigeration-Market-to-Reach-35-25-Billion-by-2027-Allied-Market-Research.html

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Luxury Jewelry Market Size Growing At a CAGR of 6.4% to 2031, Current Trends and Growth Drivers Along with Key Industry Players

Allied Market Research published a new report, titled, “Luxury Jewelry Market by Product Type (Necklaces, Ring, Earrings, Bracelets, Others), by Application (Men, Women, Children), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031″. The Luxury Jewelry Market Size was valued at $21.75 billion in 2021, and is estimated to reach $40.19 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

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The standard of living among people is increasing, owing to higher disposable incomes, improvement in lifestyle, and increase in corporate culture. Increased proliferation of corporate entities in developing nations has popularized the “carrying expensive & luxurious products” culture among consumers. Based on the analysis and prevailing trend, consumers in developing countries are expected to gradually gain understanding of personal appearance. In addition, the impact of this driver is anticipated to continue during the forecast period.

Online sales is the new trend in the global market especially for luxury goods. Increase in the number of online portals as well as their rising popularity fueled the Luxury Jewelry Market Growth. Growth in the number of working professionals and busy lifestyle supplemented with technological awareness are the key factors responsible for boosting online sales. In addition, online sales offer direct-to-home delivery service, which is one of the key driving factors among urban as well as semi-urban consumers. Online sales trend was limited to developed nations, but has recently gained prominence in the developing nations.

Based on the product type, Earrings segment witness a Luxury Jewelry Market Opportunities in the market. The reason for this is that the availability of lightweight earrings in a various designs and colors that can be worn with a variety of outfits creates market growth opportunities.

By application, the women segment held the largest market share due to increase in spending power, aided by the working female population. The women segment is expected to reach $24,104.6 million by 2031.

Based on the Luxury Jewelry Market Analysis, the market is segmented into product type, application and distribution channel. On the basis of product type, the market is categorized as necklaces, earrings, rings, bracelets, and others. As per application, it is divided into men, women and children. Based on distribution channel, the luxury jewelry market is segmented as online and offline.

Depending on the distribution channel, the offline segment led the market, because retail sales channels provide value-added services such as customer care such as customer care. Moreover, online segment witnesses a significant growth rate of 6.9% during the forecast period.

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The key players in the luxury jewelry market include Avon Products Inc., Chopard International SA, Giorgio Armani S.p.A, GRAFF, Guccio Gucci S.p.A., LVMH, MIKIMOTO, Pandora Jewelry, LLC, Prada S.p.A, Signet Jewelers Limited, Sukkhi Fashion Jewelry, Swarovski Group, Tanishq, Tribe Amrapali, and Youbella.

Key Benefits For Stakeholders:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luxury jewelry market analysis from 2021 to 2031 to identify the prevailing luxury jewelry market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the luxury jewelry market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

Reason to Buy:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Luxury Jewelry market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Luxury Jewelry Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

Related Report:

○ Pearl Jewelry Market Growth Opportunities In Global Industry By 2027
○ Imitation Jewelry Market Growth Opportunities in Worldwide Industry
○ Plastic Pearl Market by Manufacturer, Region, Type and Application Forecast to 2027
○ India Costume Jewelry Market is estimated to reach $2,126.3 million by 2027

Source: https://www.globenewswire.com/en/news-release/2022/08/05/2493289/0/en/Global-Luxury-Jewelry-Market-Is-Expected-to-Reach-40-19-Billion-by-2031-Allied-Market-Research.html

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Indonesia Skin Care Products Industry will Land at $18,828.24 Million | Beiersdorf AG, Estee Lauder., Groupe Rocher

According to a new report published by Allied Market Research, titled, “Indonesia Skin Care Products Market by Type, Age Group, Demographics and Sales Channel: Opportunity Analysis and Industry Forecast, 2018–2030,”

The Indonesia skin care products market size was valued at $9,104.48 million in 2018, and is projected reach $18,828.24 million by 2030, registering a CAGR of 7.8% from 2021 to 2030.

Top Players:

Beiersdorf AG, Estee Lauder Companies Inc., Groupe Rocher, L’Oréal Group, Procter and Gamble Company, PT Kino Indonesia Tbk, PT Mandom Indonesia Tbk, PT Martina Berto Tbk, PT Paragon Technology and Innovation and Unilever Indonesia.

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In 2017, Indonesia recorded 25% rise in registration of local cosmetic companies, majorly the small- and medium-scale enterprises, owing to the government support for the growth of the Indonesia skin care products industry. Hence, currently the total industries are more then 76,095, which are small and medium enterprises. Furthermore, the government is focusing on this industry as evidenced in the President Direction (Indonesian: Perpres) No. 14 Year 2015 about National Development Core Planning Year 2015-2035 in which cosmetic and traditional medicine industries are becoming diversified national economic backbones. Despite various promotional and marketing efforts by domestic brands in years, global brands, be it locally manufactured or imported, still dominate skin care products sales in Indonesia. The superiority of such brands is difficult to break as skin care products have specific target customers and they tend to be loyal to a particular brand.

They cannot easily switch to other products even if the competitors provide equal or better quality. The nation has 12–15% out of the entire population in the middle-to-high income range. These consumers, who predominantly reside in large cities, can afford to buy high-end imported products. For this specific group, quality, brand image, and being top-of-trends are among the major aspects considered while purchasing skin care products. Statistic wise, Indonesia has witnessed rapid growth of shopping malls over last 10 years. In the capital Jakarta alone, more than 100 shopping centers have been registered. More than 10% of them are intended for high-end or luxury imported products. This is anticipated to presents remunerative opportunities for European brands, which are regarded as expensive but come with top-notch quality, and are hence highly desirable. Rise in women population in the country coupled with higher inclination toward naturally derived skin care products are further anticipated to boost the Indonesia skin care products market opportunity during Indonesia skin care products market forecast period.

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Halal regulations in particular have been providing new opportunities for the Indonesia skin care products market. Not only giving the local brand a competitive edge over global brands in the domestic market, Halal regulations further allow local based halal-certified cosmetic manufacturers establish their presence in overseas niche market too. For instance, the French cosmetics giant L’Oréal in Indonesia already has a halal-certified factory, which supplies the domestic market and the Southeast Asia region. Most of the products are sold under the Garnier brand, including facial cleansers to halal-approved skin lightening creams.

In addition, Kilala Tilaar, corporate director of creative and innovation from local beauty product giant Martha Tilaar Group believes that natural or organic beauty products drive the growth of country’s personal care and grooming industry. However, in the skincare market in Indonesia, multinational corporations with a local presence continue to dominate the industry with Unilever Indonesia, P&G Indonesia, and L’Oréal Indonesia leading the market competition.

The Indonesia skin care products market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into face care, body care, eye care, lip care and others. By demographic, it is bifurcated into male and female. According to age group, it is fragmented into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharma & drug stores, and online sales channel. By sales channel, the hypermarket/supermarket segment accounted for the maximum Indonesia skin care products market share in 2018.

Key findings of the study

By type, the face care segment dominated the market in 2018 and is likely to remain dominant during the forecast period.
By demographics, male segment is anticipated to fastest growing segment during the forecast period.
By age group, generation X segment dominated the market in 2018 and is likely to remain dominant during the forecast period.

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Browse Some Related Reports:

Malaysia Skin Care Products Market

Thailand Skin Care Products Market

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Commercial Drones Market: Fixed-Wing Drones to Surpass at 20.3% CAGR During 2021 – 2030

According to the report published by Allied Market Research, the U.S. commercial drones market size generated $899.6 million in 2020, and is expected to reach $3.75 billion by 2030, witnessing a CAGR of 15.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Covid-19 Scenario:

Manufacturing activities of commercial drones halted due to lockdown measures implemented across the U.S. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out manufacturing with full capacity. Ban on import-export activities also added to challenges.
However, the use of drones for surveillance raised a debate regarding privacy and individual rights on mainstream media as well as social media platforms as these drones were utilized for tracking and monitoring the spread in containment zones.
The report offers detailed segmentation of the U.S. commercial drones market based on type, application, and function.

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Based on type, the rotary blade drones segment held the highest share in 2020, accounting for more than two-thirds of the total share, and is expected to continue its leadership status during the forecast period. However, the fixed-wing drones segment is projected to witness the largest CAGR of 20.3% from 2021 to 2030.

Based on application, the government segment accounted for the highest share in 2020, contributing to more than one-fourth of the total share of the U.S. commercial drones market, and is projected to continue its dominant share during the forecast period. However, the energy segment is expected to manifest the fastest CAGR of 17.2% from 2021 to 2030.

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Based on function, the solutions segment contributed to the highest share in 2020, accounting for more than two-fifths of the total market share, and is projected to continue its leadership status by 2030. However, the connectivity segment is expected to portray the largest CAGR of 16.9% during the forecast period.

Leading players of the U.S. commercial drones market analyzed in the research include AeroVironment Inc., Aeryon Labs Inc., American Robotics Inc., Leptron Unmanned Aircraft Systems, Inc., Insitu Inc., Trimble Inc., PrecisionHawk Inc., GoPro Inc., 3D Robotics, and Skydio.

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