Popcorn Market Analysis, Growth, Share, Market Segments,Trends 2031

According to a new report published by Allied Market Research, titled, “Popcorn Market,” The popcorn market size was valued at $9,868.40 million in 2020, and is estimated to reach $18.8 Billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

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Popcorn is a type of snack made from maize or corn kernel. It is prepared by heating corn kernels with vegetable oil or butter in pot, stove, kettle or microwave. Owing to its high nutrition content, popcorn is consumed as a snack food all over the world in two forms- ready-to-eat (RTE) and microwave popcorn. Microwave and RTE popcorn are consumed as the most favorite snack at homes as well as at movie theatres, sports events, fairs and other public places.

Popcorns are rich and concentrated sources of fiber, polyphenolic compounds, vitamin B complex, antioxidants and various proteins. Increase in health consciousness among consumers coupled with health benefits of eating popcorn are contributing to the growth of popcorn market. Significant rise in theatres and multiplexes in developed countries has led to the growth of popcorn market. Moreover, increasing number of microwaves has raised the demand for microwavable popcorn further driving the popcorn market growth.

As per the popcorn market analysis, the market is segmented on the basis of type, end-use, shape, and region. On the basis of type, the popcorn market is classified as microwave popcorn, and ready-to-eat popcorn. By end-use, it is divided into household, and commercial. Depending on shape, the popcorn market is segregated into butterfly and mushroom. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In 2020, ready-to-eat popcorn accounted for the highest market share and is anticipated to dominate the market during the forecast period. Due to busy and fast paced lifestyle, people are becoming more health conscious and thus, prefer a healthy diet. Due to increase in disposable income, consumer prefers convenience over price, thereby driving ready-to-eat (RTE) popcorn market. Growing number of commercial places such as movie theatres, multiplexes and stadiums in developed as well as developing regions further contributes to the growth of RTE popcorn market.

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In 2020, the household segment accounted for the highest market share. Owing to the numerous health benefits associated with popcorns, consumers consider it as a healthier option for breakfast. Whereas, commercial segment is anticipated to grow at the highest CAGR owing to rise in commercial places such as theatres, multiplexes, stadiums and others. Furthermore, rising demand for popcorn as on-the-go snack and its availability in a wider variety of flavors is expected to propel the growth of the commercial popcorn market.

Based on the shape, the butterfly segment accounted for highest popcorn market share in 2020. This was attributed to increased availability and consumption of butterfly popcorn across the globe. The penetration of butterfly shaped popcorn in commercial spaces is higher and hence, it is highly consumed across the globe.

As per the popcorn market trends, in 2020, North America accounted for the highest market share in the global popcorn market. Higher corn production in the states of Indiana, Iowa, Nebraska and Illinois in the U.S. drives the market growth in the region. Availability of raw materials, high disposable income, and popularity of eating popcorn as snacks in theaters, sports events and public places are the major factors propelling the growth of popcorn market in North America. Whereas, Asia-Pacific is anticipated to grow at the highest CAGR from 2022 to 2031. Countries such as China and India, are experiencing a rising population and growing entertainment industry. Increase in number of commercial spaces like theatres, stadiums, and multiplexes in the developing nations of Asia-Pacific is expected to foster the demand for popcorn during the forecast period.

The key players operating in the global popcorn industry are Amplify Snack Conagra Brands, Inc., KP Snacks Limited, PepsiCo (Frito-Lay), Quinn Foods, LLC, Indiana, Propercorn, Diamond Food, Snyder’s-Lance, Inc., The Hain Celestial Group, Inc. and Weaver Popcorn Company, Inc.

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KEY FINDINGS OF THE STUDY

  • Region wise, Asia-Pacific is expected to grow at the highest CAGR of 6.5% from 2022 to 2031, followed by LAMEA.
  • By type, ready-to-eat popcorn segment accounted for approximately 67.4% of the popcorn market share in 2020, in terms of value, and is expected to grow at the highest CAGR of 5.6%.
  • In 2020, North America generated the highest revenue, and is expected to grow at a CAGR of 4.9%.
  • In 2020, U.S. generated the highest revenue, accounting for approximately 39.9% share in the global 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. 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 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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Vertical Farming Market 2022 Major Key Players and Industry Analysis Till 2030 | Hort Americas, Illumitex

As per the report by Allied Market Research, Titled ”Vertical Farming Market by Structure (Building-based Structure and Container-based Structure), Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), and Component (Irrigation Component, Lighting, Sensor, Climate Control, Building Material, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. The global vertical farming market is expected to witness substantial growth from 2022 to 2031. Rapid technological innovations and increase in demand are the major factors that propel the growth of the market. The vertical farming market study offers an in-depth analysis of the major market trends, driving factors, top 10 market players, and prime investment pockets.

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The vertical farming market report provides a comprehensive study of the market on the basis of various parameters such as sales, market size, sales analysis, and key driving factors. In addition, the report provides Porter’s five forces analysis, SWOT analysis, a business overview of services and products, and portfolio and financial analysis. These statistical tools offer vital information about major market players and aid leverage of lucrative opportunities in the market. The report helps industry players and new industry entrants to formulate fruitful business strategies.

Key Market Segments Includes:

• By Structure
o Building-based Vertical Farms
o Container-based Vertical Farms

• BY Growth mechnism
o Hydroponics
o Aeroponics
o Aquaponics

• By Component
o Irrigation Component
o Lighting
o Sensor
o Climate Control
o Building Material
o Glass greenhouse
o Plastic greenhouse
o Others

The vertical farming market is analyzed on the basis of geographical penetration along with a study of market influence in the various regions such as North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

The global vertical farming market report includes a detailed study of major market players such as 4D Bios Inc., AeroFarms, Agrilution, AMHYDRO (American Hydroponics), Everlight Electronics Co., Ltd., Hort Americas, Illumitex Inc., Koninklijke Philips N.V., Urban Crop Solutions, and Sky Greens along with inclusive information on their company description, market share, key developments, and financial breakdown. The competitive analysis of these companies offers a business overview along with a portfolio analysis of their services and products. These market players have adopted several business strategies such as mergers & acquisitions, joint ventures, new product launches, and collaborations to maintain their foothold in the market.

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The report offers a comprehensive analysis of the dynamic driving and restraining factors, along with the study of major challenges and lucrative opportunities. Furthermore, the report provides a SWOT analysis that aids to gain the driving and restraining factors in the industry. The report highlights market segmentation and the study of prime market players. Furthermore, the report includes an in-depth analysis of the Covid-19 outbreak impact on the global market. The global market report offers a brief overview of the market and highlights the market definition and scope.  

Key Offering of the Report:

  1. Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
  2. Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
  3. Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
  4. Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
  5. Competitive landscape: A detailed study of major market players that are active in the vertical farming market.

Final Report will add the analysis of the impact of COVID-19 on this industry.

Vertical farming market Research Report includes an outline of the industry based on major parameters including market size, sales, sales analysis and key drivers. The market size is expected to grow on a large scale during the forecast period (2021-2027). This report also offers the latest impacts of COVID-19 on the market. The outbreak of the pandemic has affected numerous aspects of life across the globe. This, in turn, has urged the markets to adopt new norms, trends, and strategies. Essentially, the research report intends to provide a view of initial and future assessments of the market.

The report includes a comprehensive analysis of the impact of the Covid-19 pandemic on the industry. The prolonged lockdown across the market and strict regulations on international trade have a major impact on the global vertical farming market. The Covid-19 pandemic led to the disruption of the supply chain and value. In addition, the Covid-19 pandemic resulted in increased prices of raw materials and led to a shortage of skilled workforce. The vertical farming market report offers consumer preferences, trends, and budget impact on the market due to the Covid-19 pandemic.

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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 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 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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Livestock Parasiticides Market Expected to Witness a Steady Growth $4.9 Billion by 2031 | Elanco, Zoetis, Virbac

According to a new report published by Allied Market Research, titled, “Livestock Parasiticides Market,” The Livestock Parasiticides Market Size was at $2.6 billion in 2021, and is estimated to reach $4.9 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

The livestock parasiticides market is meant to provide the chemical substances that remove parasites other than fungi and bacteria in animal livestock. These chemicals are generally inert ingredients that are made in a formulation comprising of one or more than one active ingredients.

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Most of the parasiticidal have active ingredients, which have similar chemical structures and have many of the common features among them. They are grouped into different chemical classes and families as well. Many key players and companies throughout the world are coming up with various new formulations and products in the livestock parasiticides market to remove the increasing prevalence of diseases among livestock. The major factors that drive the Livestock Parasiticides Market Growth are increasing regulations for preventing the spread of animal diseases as animal diseases pose threat to public health and cause damage to businesses and the economy at large.

Farmers and the government take every precaution to prevent these diseases by taking measures such as keeping animal housing clean and vaccinating livestock. The governments of various countries across the globe monitors animal health in association with a different organizations such as consumer products safety authorities, which helps them to take immediate action in the event of an outbreak of infectious disease among livestock animal, they also help in identifying the causes of animal diseases that do not normally occur in a particular region.

Thus, such initiatives by the government also help in spreading awareness among livestock farm owners and also help in joint venture programs between key players and farm owners to R&D and develop effective livestock health products thus driving the market demand. Climate seasonality and weather events such as pressure humidity, wind speed, and the direct influence of zoonotic spread. Climate change has increased the range and the number of viruses and bacteria to which animals may be exposed as well as competent vectors and the receiver species. Livestock parasiticides provide benefits for the treatment of zoonotic diseases. They can be used by veterinary physicians and hospital staff. The key players are offering livestock parasiticides and are developing value-added features such as effective sprays, dips, and collars. These rising concerns about zoonotic diseases due to the increasing number of livestock farms and the rise in demand for meat across the globe have led to Livestock Parasiticides Market Share.

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Furthermore, the outbreak of the COVID-19 pandemic had a mixed impact on livestock Parasiticides Market Trends. There was a significant decline in the demand for animal health products. Some of the leading players in the animal health business around the world witnessed a decline, which is attributed to a decrease demand for animal business primarily in clinical administrator pharmaceuticals where social distancing guidelines led to a decrease in veterinary visits. However, the rising concern about pet health and the increasing adoption of pets during the pandemic ultimately led to an increase in Livestock Parasiticides Market Demand. , also, the increasing demand for home healthcare making a positive impact to the market.

The livestock parasiticides market is expected to witness significant growth, owing to a surge in demand for protein food or animal-derived food and an increase in the incidence of zoonotic and food-borne diseases globally. In addition, the increasing investments by the private players, regulations for preventing the spread of animal diseases, and rising animal health expenditures are the key drivers of the market.

The growth in demand in the livestock parasiticides market for effective drugs is the key attraction for the leading market players with huge investments in the industry. Moreover, it is one of the major drivers boosting R&D efforts in the animal health industry. At present many leading market players are focusing on R&D to develop new drugs. It was also found that globally the spending on R&D in animal healthcare is about 7 to 8% of the total revenue of individual market players. And according to the European international federation of animal health, it was found that the major players are spending about 12% of their annual sales on R&D activities. On the other hand, 6% of annual sales are invested on R&D activities by the small and medium players.

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Some of the key players in the livestock parasiticides industry include Elanco animal health Incorporated, Boehringer Ingelheim Gmbh, Zoetis Inc. Merck & Co.Inc, virbac, Vetoquinol S.A., Petiq, Llc, Sequent Scientific Limited, Krka Group, Eco Animal Health Group Plc, Ceva Santé Animale, Chanelle Pharm, Bimeda Animal Health and Norbrook.

Key findings of the study

By type, the livestock parasiticides, and ectoparasiticides segment dominated the global market in 2021, and is expected to retain its dominance throughout the market forecast period.

On the basis of livestock, the cattle segment accounted for a major share in the livestock parasiticides market in 2021, and is expected to grow at a significant CAGR during the forecast period.

Depending on end user, the veterinary clinics and hospitals segment accounted for a major share of the market in 2021, and is expected to grow at a significant CAGR during the forecast period.

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

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.

Cloud Enterprise Application Software Market 2023: Expeditious Growth Expected in Coming Years

North America generated the highest revenue in the global cloud enterprise application software market in 2016 due to adequate infrastructural development for the adoption of cloud enterprise application software. Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to the remarkable economic growth and development of the technological infrastructure.

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The growth of the global cloud enterprise application software market is driven by an increase in the adoption of cloud-based solutions and the realization of competitive advantages achieved through the implementation of enterprise application software.

In addition, the rise in demand for enhanced business process management, high internet penetration in Asia-Pacific, and a surge in demand for IoT among end users are expected to offer significant growth opportunities for the global cloud enterprise application software market. However, costs associated with the implementation & maintenance and data security concerns are anticipated to hamper the market growth.

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The report features a competitive scenario of the global cloud enterprise application software industry and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Oracle, IBM, Microsoft, SAP, HP, QAD Inc., IFS AB, Epicor Software Corp., Infor, and Salesforce.com.

These players have adopted competitive strategies such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations to strengthen their foothold in the market.

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KEY FINDINGS OF THE STUDY 

  • Manufacturing & services accounted for the highest share of the global cloud enterprise application software industry in 2016, while the others segment is expected to grow at the fastest CAGR from 2017 to 2023.
  • The others segment among industry verticals generated the highest revenue share in 2016.
  • North America accounted for the highest share of around 57% of the total cloud enterprise application software market in 2016.
  • The cloud enterprise application software market for content management system (CMS) is expected to witness the highest growth rate during the forecast period.

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

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.

Similar Report:

  1. Enterprise Application 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. 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 in making strategic business decisions and achieving 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. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Malt Ingredient Market Size Worth $29.4 Billion Globally By 2031 | Exhibiting a CAGR of 3.9% by 2031

The “Malt Ingredient Market” was valued at $20.4 billion in 2021, and is estimated to reach $29.4 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031. India is one of the major developing countries and it holds the biggest market share in the overall whiskey market. Such development in modern trades in countries like India is expected to boost the overall malt whiskey market. The alcohol consumption percentage is comparatively high among youth, and the youth generation mostly prefers the attractiveness of places and the popularity of weekend holidays is growing among the youth, which are prominent factors driving the Malt Ingredient Industry.

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The players operating in the global malt ingredients market have adopted various developmental strategies to increase their Malt Ingredient Market Share, gain profitability, and remain competitive in the market. The key players included in the Malt Ingredient Market Analysis are – Axereal, Barmalt, Briess Malt & Ingredients, Cargill, Inc., CereX BV, Crisp Malting, GrainCorp Limited, Groupe Soufflet, Holland Malt, Imperial Malt Limited, Malteurop, Maltexco S.A., Maltproducts, Muntons plc, Puremalt, Rahr Corporation and Simpsons Malt Limited.

Regional Outlook:

Europe was the highest revenue contributor, accounting for $8,604.7 million in 2021, and is estimated to reach $11,087.0 million by 2031, with a CAGR of 2.7%. One of the most common cereal grains, malt, is made from barley, which is first soaked in water before being dried in hot water. This method enables the germination of the barley.

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Alcoholic Energy Drinks Market

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Malt Drink Market

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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 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 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.

Hair Straightener Market will Gain Momentum by 2026 to Surpass $861.1 Million | Koninklijke Philips N.V., Panasonic

According to a new report published by Allied Market Research titled, ” Global Hair Straightener Market by Nature, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global Hair Straightener MarketSize was valued at $591.2 million in 2018, and is projected to reach $861.1 million by 2026, growing at a CAGR of 4.9% from 2019 to 2026. In 2018, Europe accounted for nearly 32.3% share of the hair straightener market. 

Key Findings of the Hair Straightener Market :

  • In 2018, based on plate type, the ceramic segment accounted for around higher value hair straightener market share, growing at a CAGR of 4.4% from 2019 to 2026. 
  • In 2018, based on end user, the household segment accounted higher value share.
  • In 2018, based on region, Europe accounted for a prominent market hair straightener market share. 

Top 15 Company Profiles:

Key players profiled in the hair straightener industry include Koninklijke Philips N.V., Panasonic, Spectrum Brands, Inc., Conair Group Ltd., Cortex USA Inc., Bio Ionic, Helen of Troy limited, IZUTECH, Turbo Ion, Inc., Carmen and other such.

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Over the past couple of decades, customers specifically millennials have been very conscious about their looks and appearance. Even when it comes to hair styling, customers are very considerate about maintaining it for a longer duration throughout the day. This has led to demand for different types of hair styling products such as hair dryer, flat irons, hair sprays and other such. Hair straightener is one such hair styling product that has been gaining higher level of traction among its target customers. Thus key features and functionalities of the products would be an influential factors even in hair straightener market forecast.     

The feature of digitalization has been enduring its applications in various segments of cosmetic industry. Products such as hair trimmer, hair combs are now available in digital formats making it much more convenient for its target customers to use. Taking in consideration of the convenience factor, manufacturers are now availing hair straightener in digital formats. For instance, U.S. based Cosmetics Company, Revlon have come up with hair straightener products that facilitates digital heat display enabling the user to set the temperature as per their requirements.  The convenience factor plays an important role in driving the demand for any consumer goods products. Some of the key manufacturers in hair straightener market, have been strategizing on coming up with products that are convenient to use for its target customers. For instance, HSI Professionals, K-salons have come up with cordless hair straightener that have comparatively higher rate of durability. Thus convenience factor is an influential hair straightener market trend in the current scenario. 

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Innovation has been one of the key factors in driving the global hair straightener market growth in terms of value sales. Taking in consideration of customers’ requirement and needs, manufacturers have been continuously evolving their product offerings. For instance, Remington, one of the key players in global hair straightener market, have come up with suspended plate system as an alternative option to usual rigid plates such ceramic, Teflon, tourmaline and other such. Such product would provide easy and smooth stroke making maximum contact with hair strands. This would provide much positive results than traditional hair straighteners. 

The global Hair Straightener market analysis is segmented on the basis of plate type, end use, distribution channel and region. Based on plate type, the market is classified into ceramics, titanium, tourmaline and others. By end use, the market is segmented into household and commercial. By distribution channel the market is divided into online and offline. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).

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Browse Related Reports:

Beard Grooming Market 

Face Mask 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. 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.

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Automotive Lighting Market: LED Light Type to Grow at 7.4% CAGR During 2021–2030

Allied Market Research recently published a report, titled, “Automotive Lighting Market by Light Type (Halogen, Xenon/HID, and LED), Vehicle Type (Passenger ICE Vehicle, Commercial ICE Vehicle, and Electric Vehicle), Position (Front Lighting, Rear Lighting, Side Lighting, and Interior Lighting), and Sales Channel (Original Equipment Manufacturers (OEMs), and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030.” As per the report, the global automotive lighting industry was accounted for $32.31 billion in 2020, and is expected to reach $58.59 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.

Major determinants of the market growth

Increase in the implementation of government regulations, rise in automobile production, and growing emphasis toward road safety have boosted the growth of the global automotive lighting market. On the contrary, fluctuating prices of raw materials and high cost of LED lights hinder the market growth. However, increased application in light commercial vehicles and rise in demand for advanced technology in vehicles are expected to open lucrative opportunities for the market players in the coming years.

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Covid-19 scenario-

The outbreak of Covid-19 severely impacted the global automotive lighting industry, as several automotive industries have stopped their operations or delayed their projects to curb the spread of the virus.
Due to the imposed lockdown across the globe, automobile & transportation activities came to halt, thus affecting the automotive industry across the globe.
Due to the pandemic the global supply chain has disrupted and various manufacturing industries have halted their production activities, thus hampering the global automotive lighting market.

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The LED segment to dominate by 2030-

Based on light type, the LED segment contributed to nearly half of the global automotive lighting market share in 2020, and is anticipated to rule the roost by 2030, due to its longer life and better efficiency as compared to other lighting technologies to be used in vehicles. Moreover, this segment is expected to grow with the fastest CAGR of 7.4% throughout the forecast period.

The passenger vehicle segment to maintain the dominant share-

Based on vehicle type, the passenger vehicle segment accounted for more than half of the global automotive lighting market revenue in 2020, and is expected to lead the trail by 2030, owing to wider application of automotive lighting in passenger vehicles to provide a better view ofthe inner and outer environment. The electric vehicle segment, however, would register the fastest CAGR of 13.1% during the forecast period. This is due to the introduction of electric vehicle concept as a vehicle type to be used in the future.

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Asia-Pacific, followed by North America, garnered the major share in 2020-

Based on region, Asia-Pacific, followed by North America, garnered the major share in 2020, holding nearly half of the global automotive lighting market. This is attributed to the growing production and sales of vehicles across the region. However, the market across LAMEA would cite the fastest CAGR of 8.4% from 2021 to 2030. This is due to the increased demand for advanced vehicles with advanced safety features such as adaptive lighting to be present in vehicles running across the region.

Key players in the industry-

Hyundai Mobis
Koninklijke Philips N.V.
ROBERT BOSCH GmbH
Valeo
ZKW
Hella KGaA Hueck & Co.
DENSO Corporation
Osram Licht AG
Koito Manufacturing Co. Ltd.
Stanley Electric Co. Ltd.

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Similar Report We Have on Automotive Lighting Industry:

India Automotive Lighting Market by Technology (Halogen, Xenon, LED), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-Wheelers, Three-Wheelers, Tractors), Sales Channel (OEM, Aftermarket Product) – Opportunity Analysis and Industry Forecast, 2014 – 2030.

Train Lighting Market by Light type (Fluorescent, Halogen, LED, and Xenon), Position (Interior and Exterior), Rolling Stock (Diesel, Electric, DMU, EMU, Metros, Light Rail, Passenger, and Freight Wagon): Global Opportunity Analysis and Industry Forecast, 2019–2030.

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 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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Automotive Wiring Harness Market: Electric Vehicles to Rake at 7.5% CAGR During 2021–2030

 Allied Market Research recently published a report, titled, “Automotive Wiring Harness Market by Material (Copper, Aluminum, and Others), Propulsion (ICE Vehicles, Electric Vehicles, and Hybrid Vehicles), Vehicle Type (Two Wheeler, Passenger Cars, and Commercial Vehicles), Voltage (Low Voltage, and High Voltage), and Application (Body & Lighting, Engine, HVAC, Chassis, Dashboard & Cabin, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global automotive wiring harness industry was pegged at $47.61 billion in 2020, and is expected to reach $73.71 billion by 2030, growing at a CAGR of 4.6% from 2021 to 2030.

Drivers, restraints, and opportunities-

Rise in adoption of electric vehicles, development of vehicles with advanced safety features, and technological advancements drive the growth of the global automotive wiring harness market. However, high maintenance cost impedes the growth to some extent. On the other hand, proactive government regulations and growth in development of autonomous vehicles are anticipated to pave the way for multiple opportunities in the industry.

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COVID-19 scenario-

Due to the outbreak of Covid-19, the global supply chain was disrupted which caused shortage of components and this further led to delay in the manufacturing of vehicles.
There was a significant drop in car sales due to the prolonged lockdown across the globe.
However, there was a rise in the sale of electric vehicles in the European region. Also, as the world is getting back to normalcy with relaxation in regulations, the demand for electric vehicles is anticipated to increase in the market, which in turn is expected to aid the growth of the automotive wiring harness market.
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The copper segment to dominate by 2030-

By material, the copper segment accounted for nearly three-fourths of the global automotive wiring harness market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the high efficiency of copper in automobiles, electrification of vehicles, and rise in demand for larger vehicles, such as SUVs, and vans. The aluminum segment, however, would showcase the fastest CAGR of 6.4% by 2030. The adoption of aluminum-based wiring harnesses is expected to increase during the forecast period to reduce weight and costs associated with copper wiring harnesses and this drives the growth of the segment.

The ICE vehicles segment held the lion’s share in 2020-

Based on propulsion, the ICE vehicles segment held the lion’s share in 2020, contributing to more than four-fifths of the global automotive wiring harness market, and is expected to continue its lead during the forecast period. Increase in demand for passenger vehicles, development of passenger cars with advanced safety features, and growing demand from emerging economies drive the demand for the segment. However, the electric vehicles segment is expected to witness the highest CAGR of 7.5% by 2030. This is because various countries across the world are promoting the use of electric vehicles to reduce the adoption of traditional gasoline fuel-based vehicles and decrease their carbon footprint. The report also includes an analysis of the hybrid vehicles segment.

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Asia-Pacific, followed by North America, to lead the trail in terms of revenue-

By region, Asia-Pacific, followed by North America, garnered the major share in 2020, contributing to nearly half of the global automotive wiring harness market, and is anticipated to continue its lead during the forecast period. This is owing to growth in demand for premium cars & advanced features in vehicles, increased disposable income in countries such as India & China, as well as rise in adoption of electric vehicles in the region. However, the LAMEA region is expected to witness the fastest CAGR of 6.6%. Factors such as the introduction of vehicle emission protocols and rise in the demand for fuel-efficient and eco-friendly vehicles drive the growth of the LAMEA automotive wiring harness market.

Leading market players-

Leoni AG
Fujikura Ltd.
NexansAutoelectricGmbh
Yura Corporation
SamvardhanaMotherson Group
Aptiv PLC
Lear Corporation
Yazaki Corporation
Furukawa Electric Co., Ltd
Sumitomo Electric Industries, Ltd

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Similar Reports We Have on Automotive Indsutry:

India Automotive Wiring Harness Market by Application Type (Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness, and Sensors Wiring Harness), and Vehicle Type (Two Wheelers, Passenger Cars, and Commercial Vehicles): Opportunity Analysis and Industry Forecast, 2018 – 2030.

GCC Automotive Wiring Harness Market by Application (Body Wiring Harness, Engine Wiring Harness, Chassis Wiring Harness, HVAC Wiring Harness and Sensor Wiring Harness), Vehicle Type (Passenger Car, Commercial Vehicle, and Two Wheeler): Opportunity Analysis and Industry Forecast, 2019–2026.

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 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.

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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help@alliedmarketresearch.com

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Food traceability (tracking technologies) Market Growth, Share, Size, Trends Analysis Report, Region, and Segment Forecasts, 2018 to 2025

The global food traceability market is expected to garner $22.27 billion by 2025, from $10.96 billion in 2017, registering a CAGR of 9.3% from 2018 to 2025.

Food traceability (tracking technologies) involves screening the movement of food & related products via their production, processing, and distribution. As food production consists of various stages, including sourcing seeds & fertilizers, farming, harvesting, processing, storage, transportation, and retail sales, there are risks associated, such as contamination, making it imperative to have a food traceability system. The procedures involved during this include identification, link, records of information, collection & storage of information, and verification. The primary purpose of food tracking is food safety and prevention from food-borne diseases, thus being directly related to the health of consumers. The global food traceability (tracking technologies) market is segmented based on equipment, technology, application, end user, and region.

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Leading market players analyzed in the research are C.H. Robinson Inc., Honeywell International Inc., Intermec Inc., DuPont Nutrition & Health, Cognex Corporation, Motorola solutions, Inc., Bio-Rad Laboratories, MASS Group, IBM Corp, and Zebra Technologies.

Growth Drivers and Industry Trends

Supportive legislative frameworks, ability to trace contamination & assist product calls, and certifications & standardizations drive the growth in the market. However, lack of strict laws in developing economies, privacy issues related to data sharing, and changing needs for different products restrain the market growth. On the other hand, growing demand for tracking technologies from developing countries create new pathways in the industry.

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Segmentation Analysis of the Industry

Based on equipment, the 2D & 1D scanners segment accounted for nearly one-third of the total market share in 2017 and is expected maintain its lead status by 2023. This is due to rise in demand for traceable solutions across various industries and mandatory usage of barcodes, QR codes, data-matrix codes, and dot codes for packaging in food & beverages, personal care, pharmaceutical, and other industries. However, the sensors segment is expected to register the largest growth rate with a CAGR of 10.9% during the forecast period, 2018–2025. This is due to its usage for tracking the details of the food conditions at different stages of the supply chain and reliability in difficult environmental conditions. The research also analyzes PDA with GPS, thermal printers, tags & labels, and others.

Asia-Pacific is estimated to register the largest growth rate with a CAGR of 14.9% from 2018 to 2025, owing to growth in application industries such as fresh produce & seeds, fisheries, and meat & livestock along with expansion of leading players in China, India, and other emerging economies.

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However, North America contributed to nearly two-fifths of the total share in 2017, and will maintain its dominant position during the forecast period. This is due to supportive government initiatives for exploring and evaluating the methods and technologies for fast and efficient tracking & tracing of foods.

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Organic Shrimps Market: https://www.alliedmarketresearch.com/organic-shrimps-market-A06619

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. 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.

Malaysia Skin Care Products Market to Gain Momentum by 2027 & will Surpass USD 1,288.7 Million | L’Oréal Group, Procter & Gamble Company

According to a new report published by Allied Market Research, titled, “Malaysia Skin Care Products Market by Type, Technique, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2027,”the Malaysia skin care products market size was valued at $804.5 million in 2019, and is projected reach $1,288.7 million by 2027, registering a CAGR of 8.1% from 2021 to 2027

Surge in Malaysia Skin Care Products Market demand for organic and natural ingredients in skin care products accelerated the market growth. In addition, new product innovation, and high investment by private investors and government in emerging countries support substantial growth in Malaysia skin care products market.

Top 15 Leaders Profiles:

L’Oréal Group, the Procter & Gamble Company, Unilever PLC, Bejesdorf AG, Berjaya Corporation Berhad, Estee Lauder Companies Inc., Alticor Inc., Wipro Ltd., Shiseido Company Limited, and Avon Products Inc.

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Key Findings of the Study

  • Depending on type, the cream segment was the highest contributor to the Malaysia skin care products market, and is expected to grow at a CAGR of 7.5% from 2021 to 2027.
  • By demographics, the female segment was the highest contributor to the market in terms of value in 2019 and is estimated to grow at a CAGR of 7.3% from 2021 to 2027.
  • On the basis of age group, the millennial segment exhibits highest CAGR of 9.5% from 2021 to 2027.   
  • The supermarkets & hypermarkets segment accounted for 33.04% of the total Malaysia skin care products market share in 2017, and is estimated to grow at a CAGR of 6.5%.

 This is especially true for the skin care products targeting the medical professional channels such as dermatologists and plastic surgeons. In Malaysia, majority of products are sold via spas & salons, retail stores, and multi-level marketing/direct selling channel. Oil-free hydration, shine-free, and anti-blemish products are witnessing high demand. This is attributed to the fact that product formulations that provide matt/silky, non-sticky, and powdery finish perform well in a hot & humid tropical country such as Malaysia. Increase in concern about pigmentation, darkening of the skin tone, and skin cancer among the populace in Malaysia has boosted the demand for sunscreen, which, in turn, contributes toward the overall Malaysia skin care products market  growth.

Social media has helped leading brands operating in the country to increase awareness regarding skin & beauty care products, particularly among millennial. In addition, beauty bloggers and social media influencers are creating new growth avenues for the Malaysia skin care products market analysis.

Large number of local YouTubers are now hosting popular channels with demonstrations product reviews and tutorials, which further propel the Malaysia skin care products market opportunity    .

Popular mass market brands available in the market are mostly from the U.S., which include Cover Girl, Maybelline, and L’Oréal.

On the contrary, popular higher priced color cosmetics brands available in the market are from the Estee Lauder Companies, Moet Hennessy Louis Vuitton, and Chanel.

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Malaysia 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 cream, lotion, 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

Browse Related Reports:

Thailand Skin Care Products Market https://www.alliedmarketresearch.com/thailand-skin-care-products-market-A06653

Vietnam Skin Care Products Market  https://www.alliedmarketresearch.com/vietnam-skin-care-products-market-A06729

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.

Contact Us:
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 
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