A Market Place Research – Page 1292

Vietnam Skincare Products Market will Land $1,922.4 Million | Personal Care and Cosmetic Industry Booming worldwide

According to a new report published by Allied Market Research, titled, “Vietnam Skin Care Products Market by Product Type, Demographics, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021 –2027,” The Vietnam skin care products market size was valued at $854.3 million in 2019, and is projected to reach $1,922.4 Million by 2027, registering a CAGR of 11.7% from 2021 to 2027.

Foreign brands such as L‘Oreal, Estée Lauder, Unilever, and Colgate-Palmolive garner a significant share of the skin care products market, as domestic firms remain weak in terms of innovation, packaging, marketing, and promotion. Thus, many cosmetics brands from South Korea and Japan are focusing on strengthening their foothold in Vietnam. Vietnam’s young, tech-savvy population is keen to try new products, which further contributes toward the expansion of concept stores.

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Thus, to optimize conversion rates, fashion retailers consider the omnichannel model—an approach that provides an integrated shopping experience to customers—to extend their online and offline transactions.

With rapid increase in the middle-class population in Southeast Asia, Vietnam has been experiencing notable growth in its retail sector. This Vietnam skin care products market trend is anticipated to continue in near the future, owing to presence of relatively young population demographics. Low income consumers are witnessing increase in their spending power, which is anticipated to impact their purchasing preferences with regard to cosmetics products. Such consumers were increasingly drawn to more modern products, often offering added value features.

Moreover, the expansion of digital retail channels in Vietnam is one of the key trends expected to contribute toward the growth of the market. Despite rise in penetration of digital channels, physical channels continue to dominate the retail sector and is expected to continue this trend during the Vietnam skin care products market forecast period.

Strong desire among men and women to retain youthful appearance has boosted growth of the skin care products industry. In addition, rapidly aging demographics has led to a surge in demand for anti-aging products to prevent wrinkles, age spots, dry skin, and uneven skin tone, thereby augmenting the Vietnam skin care products market growth.

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According to a report from the Society of Cosmetics of Ho Chi Minh City Foreign, cosmetic brands have been dominating the market in Vietnam with over 400 foreign cosmetic businesses running currently, accounting for 90% of the Vietnamese market share. Among the 400 foreign cosmetic businesses, Korean brands garner the highest share of 30%, followed by brands from European countries (23%), Japan (17%), Thailand (13%), the U.S. (10%), and other countries (7%).

The major players operating in the Vietnam skin care products are the L’Oréal Group, the Procter & Gamble Company, Unilever Vietnam, Estee Lauder Companies Inc., Shiseido Company Limited, and Avon Products Inc. The local companies include Dai Viet Huong Company Limited and Saigon Cosmetics Corporation.

According to Vietnam skin care products market analysis, the market is segmented into 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. On the basis of age group, it is divided 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.

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Key findings of the study

Based on product type, the cream segment held the major Vietnam skin care products market share in 2019, and is likely to remain dominant throughout the forecast period.
Based on demographics, the male segment is likely to hold the major annual growth rate of 12.4%.
Based on age group, the Millennials held the highest share in the Vietnam skin care products market.
Supermarket/hypermarket sales channel is likely to reach $493.5 million by 2027 in the Vietnam skin care products market.

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5 Major Aquaculture Market Opportunities, Top Manufactures, Industry Growth, Share, Size, Regional Analysis and Global Forecast to 2025

Surge in fish production to meet food supply, rapid technological advancements in the field of aquaculture, and increase in demand from livestock and fisheries drive the growth of the global 5 major aquaculture market

The global 5 Major Aquaculture Market accounted for $62.5 billion in 2018 and is projected to reach $87.6 billion by 2025, registering a CAGR of 4.9% during the forecast period.

Whys and wherefores of market ups and downs

Increase in fish production to meet food supply, technological advancements in the field of aquaculture, and rise in demand from livestock and fisheries have boosted the growth of the global 5 major aquaculture market. However, surge in temperature and water pollution hampers the market growth. On the contrary, evolution in inland fishing and use of more sustainable technology in aquaculture is expected to create lucrative opportunities in the near future.

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Major market players

Blue Ridge Aquaculture
Huon Aquaculture Group Pty Ltd.
Eastern Fish Co.
RoyMarine Harvest ASA
ASMAK – International Fish Farming Holding Company
Promarisco
Nireus Aquaculture S.A.
Stehr Group Pty Ltd.

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Tilapia to manifest fastest growth through 2025

The tilapia segment is projected to portray the fastest growth during the forecast period, registering a CAGR of 5.6%. This is due to increased consumption in the U.S. and African. Moreover, it is low in saturated fat, calories, carbohydrates, and sodium content making it a good protein source, which drives the growth of the segment. However, the salmon segment held the largest share in 2018, contributing nearly one-fourth of the global 5 major aquaculture market, owing to increase in demand from the hospitality, QSR food and nutrition sector, and favorable environment for rearing fish due to improved techniques and technology in the catchment area. Moreover, presence of supportive norms and regulation coupled with smooth trade relations across several countries supplemented the market growth.

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China dominates the global market

The market across China held the largest share in 2018, contributing more than two-fifths of the global 5 major aquaculture market, owing to increased import of yellowtail in China and increasing popularity of sushi in the region. Moreover, the region is projected to register the fastest CAGR of 5.3% during the forecast period. The report includes analysis of the market across several other regions such as the U.S., Europe, Russia, and Japan.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. 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.

Europe Sports Equipment and Apparel Market value to be $172,315 Million by 2025 – Adidas AG, Amer Sports Corporation, Asics Corporation

According to a new report published by Allied Market Research titled,“Europe Sports Equipment and Apparel Market by Activity: Opportunity Analysis and Industry Forecast, 2018 – 2025,”the Europe sports equipment & apparel market size was valued at $115,709 million in 2017, and is projected to reach $172,315 million by 2025, growing at a CAGR of 5.5% from 2018 to 2025. Germany dominated the Europe sports equipment and apparel market in 2017, accounting for 19.7% share of the total revenue.

Sports equipment are utility devices or tools useful for engaging in sports activities. Similarly, sports apparel is useful for boosting the sports performance with required comfort. However, consumers are actively wearing sports apparel during non-sports hours. This report is an in-depth study of the sports equipment and apparel market consumed across different types of sports activities. On the basis of outdoor activities, the market is divided into hiking; winter & water sports; team games such as football, volleyball, & basketball; and racket sports such as tennis, squash, & others.

Key Players:

Key Players Operating in “Europe Sports Equipment and ApparelMarket” The key leading players operating in the Europe sports equipment & apparel industry include Adidas AG (ADIDAS), Amer Sports Corporation, Asics Corporation, Fila Korea Ltd, New Balance, Nike, Inc, Puma Se (Kering), Sports Direct International Plc, Under Armour, Inc, and VF Corporation (VFC).

Key Findings of the Europe Sports Equipment and Apparel Market:

In 2017, Germany was the highest contributor toward the Europe sports equipment & apparel market, growing at a CAGR of 5.6% from 2018 to 2025.
In 2017, the sports equipment segment accounted for more than half of the Europe sports equipment & apparel market share, and is estimated to grow at a CAGR of 5.8% from 2018 to 2025.
The independent stores segment is expected to grow at a CAGR of 5.1% during the Europe sports equipment & apparel market forecast period.
In 2017, the France accounted for nearly 14% of the Europe sports equipment & apparel market size, and is estimated to grow at CAGR of 5.1%.
In 2017, sports apparel and footwear segment accounted for a prominent share of Europe sports equipment & apparel market, and is anticipated to grow at the highest CAGRs of 5.0%.

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Increase in health awareness among consumers and rapid rise in per capita disposable income are expected to boost the demand for sports equipment and apparels market. In addition, increase in demand for sports apparel among young sports enthusiasts and advancements in formulation of sports equipment fuel the Europe sports equipment & apparel market growth. However, decline in participation of the young generation in sports activity hampers the market growth.

Moreover, increase in interest of consumers in leisure activities other than sports such as movies, musical concerts, virtual gaming, and others restrains the growth of the Europe sports equipment & apparel market. Conversely, increase in participation of various organizations in donation of these equipment and apparel to emerging sports enthusiasts and athletes with poor financial background is anticipated to provide lucrative opportunities for the market growth.

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For instance, Sports Gift, Let’s Play It Forward, Europe Sports Foundation, and One World Play Project are some of the well-known organizations that support the sports equipment donation process. Thus, rise in distribution of sports equipment and apparel through online retail platform is anticipated to boost the market growth in the near future.

The governments of European countries are constantly in the process of conceptualizing and establishing effective and timely healthcare programs. Developing countries indicate a significantly growing trend of healthcare offerings across all sectors. The allowances related to employee fitness is expected to experience an increase in the future. This is anticipated to boost the business of sports equipment & apparel industry, as a significant portion of the employee income would be invested in fitness activities such as gym and yoga. This in turn is expected to drive the growth of the Europe sports equipment and apparel industry.

Based on region, the Europe sports equipment & apparel market is analyzed across Germany, France, UK, Italy, Spain, and rest of Europe. In Germany penetration of the sports equipment & apparel is high, owing to upsurge in state, national, and international level competitions conducted by various governments across the European region increase the participation and develop interest of the youth in sports activities. This in turn has resulted in increased demand for sports equipment and apparel, which significantly contributes to the overall growth of the Europe sports equipment & apparel market.

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Travel Accessories Market to Reach $95.7 Billion at 6.4% CAGR During the Forecast Period 2022 to 2031

According to a new report published by Allied Market Research, titled, “Travel Accessories Market,” The travel accessories market was valued at $48.2 billion in 2021, and is estimated to reach $95.7 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031.

Travel accessories are products that are used during journey, which can be for various purposes, including business and leisure travel. People usually buy travel accessory products to obtain convenience and comfort during the travel. Thus, rise in the travel and tourism sector and business trips is a major factor that drives the growth of the travel accessories market size during the forecast period.

Factors that promote growth of the travel & tourism industry include, changes in lifestyle, increase in tourism promotion, and surge in accessibility of transport facilities. Moreover, continuous development in the travel & tourism industry and integration of various segments such as hospitality & infrastructure with government initiatives accelerate growth of the global travel & tourism industry, which propels the travel accessories market growth.

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The COVID-19 outbreak has negatively impacted the overall growth of the travel accessories industry. Closures of boundaries of countries and cancelations of business trips disrupted transportation and production facilities, which highly and harshly impacted the product market in 2020.

The market is segmented into type, distribution channel, and region. On the basis of type, the market is categorized into travel bags, electronic accessories, travel pillow and blanket, toiletries, and others. On the basis of distribution channel, it is bifurcated into supermarkets/hypermarkets, specialty stores, factory outlets, online stores, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

According to the travel accessories market trends, on the basis of type, the travel pillow and blanket segment was valued at $6,280.1 million in 2021 and is projected to reach $13,029.3 million by 2031, growing at a CAGR of 6.9% from 2022 to 2031. Growing incidences of sleeping disorders and back pain and requirement for comfortable sleeping positions while traveling are likely to generate demand for travel pillow and blankets. A neck pillow supports the neck and head to reduce the pain by creating natural resting positions. Growing use of sustainable materials for making travel pillow and blankets and rise in acceptance for eco-friendly products further accelerate the growth of the travel accessories market share through the travel pillow and blankets segment.

According to the travel accessories market analysis, by distribution channel, the online stores segment was valued at $9,502.3 million in 2021 and is expected to grow at $22,691.6 million by 2031, registering a CAGR of 8.4% during the travel accessories market forecast period. The shopping behavior of millennial generation and emergence of mobile devices for internet access are expected to boost the travel accessories market growth. Rise in penetration of various online portals in developing economies has led to the market growth through the online stores. Therefore, online stores for sales of travel goods, including travel bags, travel electronic accessories, pillow and blankets is anticipated to grow in the future.

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According to the travel accessories market opportunities, by region, North America has been gaining significant share in product market and is expected to sustain its share during the forecast period. In the U.S., stylish and smart travel belongings, including travel bags represent lifestyle and fashion statement for travelers. Furthermore, high spending capacity on luxury goods and services, quick acceptance technological advanced smart suitcases, and rise in the number tours and travel persons boost the growth of the of the product market during the forecast period.

The players operating in the travel accessories market have adopted product launch and business expansion as their key developmental strategies to expand market share, increase profitability, and remain competitive in the market. The key players profiled in this report include, ACE Co., Ltd., Adidas AG, LVMH Group, Magellan’s, Nike Inc., Sungjoo Group, Travel Blue Ltd, United States Luggage Company, LLC., LLC., VF Corporation, and VIP Industries Ltd.

KEY FINDINGS OF STUDY

The travel accessories market size was valued at $48,225.1 million in 2021, and is estimated to reach $95,711.3 million by 2031, registering a CAGR of 6.4% from 2022 to 2031.
By type, the electronic accessories segment accounted for $10,814.4 million in 2021, garnering 22.4% of the global market share.
By distribution channel, the specialty stores segment acquired $11,601.2 million in 2021, exhibiting 24.1% of the global market share.
China was the most prominent market in Asia-Pacific in 2021, and is projected to reach $13,822.6 million by 2031, growing at a CAGR of 6.1% during the forecast period.

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Do-It-Yourself (DIY) Home Improvement Retailing Market to Land $1,278.00 Billion by the End of 2030

According to a new report published by Allied Market Research, titled, “Global Do-It-Yourself (DIY) Home Improvement Retailing Market Type, Distribution Channel, and Region: Global Opportunity Analysis and Industry Forecast, 2022-2030,” the global do-it-yourself (DIY) home improvement retailing market size was $848.2 billion in 2021, and global do-it-yourself (DIY) home improvement retailing market forecast is projected to reach $1278.0 billion by 2030, growing with an expected CAGR of 4.37% from 2022 to 2030.

According to a new report published by Allied Market Research, titled, “Do-It-Yourself (DIY) Home Improvement Retailing Market,” The do-it-yourself (diy) home improvement retailing market size was $848.20 billion in 2021, and is estimated to reach $1,278.00 billion by 2030, growing at a CAGR of 4.37% from 2022 to 2030.

Because of our hectic lifestyles and work schedules, convenient and comfortable shopping has become extremely important. Many major competitors have launched their own online stores to provide low-cost pick-up and delivery services. This reduces the effort required by consumers to obtain DIY home improvement products by incurring additional costs. For example, since embracing e-commerce, Walmart’s online revenues increased by more than 20% to 25% in 2018. The ease of shopping and product delivery has increased the number of DIY products purchased online. Thus, the introduction of e-commerce, free pick-up, and delivery options will drive market growth during the forecast period.

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Individuals’ interest in DIY interior design is changing as their lifestyles change. Furthermore, the increasing population of working women in developing countries, as well as their involvement in home decoration decision-making, is driving sales of the products required for such projects. DIY products reduce costs, which will be a major driver of growing demands for DIY home improvement products over next five years.

The global do-it-yourself (DIY) home improvement retailing market is segmented on the basis of type, distribution channel, and region. By type, market has been divided into building materials, décor & indoor garden, lighting, electrical work materials, tools & hardware, painting, wallpaper & supplies, plumbing materials & equipment, flooring repair & replacement materials, and outdoor. By distribution channel, the analysis has been divided into offline and online. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report include Travis Perkins, Kesko Corporation, Lowe’s Companies, Inc., Amazon.com, Inc., Walmart Inc., UBUY Inc., Toolstation, Home Depot Product Authority, LLC, Flipkart.com, UBYLD RETAIL PRIVATE LIMITED.

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The report focuses on the global do-it-yourself (DIY) home improvement retailing market trends, do-it-yourself (DIY) home improvement retailing market analysis, and global do-it-yourself (DIY) home improvement retailing market share and do-it-yourself (DIY) home improvement retailing market forecast. It further highlights numerous factors that influence the do-it-yourself (DIY) home improvement retailing market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on do-it-yourself (DIY) home improvement retailing market demand in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.

IMPACT OF COVID-19 ON THE GLOBAL DO-IT-YOURSELF (DIY) HOME IMPROVEMENT RETAILING MARKET

During the COVID-19 pandemic, the global do-it-yourself (DIY) home improvement retailing industry experienced significant growth. As the majority of people were under COVID-19 lockdown. DIYers in both developed and developing countries are investing time to complete home improvement projects.
The majority of DIYers are engaged in gardening practices in order to improve their living spaces and keep them entertained during the lockdown. Furthermore, an important trend is the rise of do-it-yourself (DIY) beauty care. Many parlors have closed, and customers who are wary of direct physical contact are opting out of services.
Furthermore, given the loss of jobs and savings as a result of a COVID-19 situation, many consumers are likely to face financial difficulties.

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Key Findings of the Study

On the basis of type, the painting segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of distribution channel, the offline segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.

India sexual wellness market size is estimated to reach $2,095.4 million by 2030, registering a CAGR of 5.8% from 2021 to 2030

the India sexual wellness market is expected to witness significant growth, owing to rise in government initiatives and NGO campaigns for spreading awareness regarding the use of sexual wellness products, including condoms and contraceptives. Increased innovations and improvisation in the sexual wellness products has further aided to the growth of the sexual wellness market. Furthermore, rapid expansion of the e-commerce industry plays a major role in the sales of sexual wellness products

According to a new report published by Allied Market Research, titled, “India sexual wellness Market by Product Type, End User and Distribution Channel: opportunity analysis and industry forecast, 2021–2030,” The India sexual wellness market size was valued at $1,153.5 million in 2020, and is estimated to reach $2,095.4 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.

Sexual wellness is the physical, mental, and sexual well-being of a person, which can be achieved through the use of various products such as sex toys, contraceptives, lubricants, delay sprays, pregnancy testing kits, and vaginal sexual wellness products. In addition, products that enhance pleasure of sexual experience provide safety from sexually transmitted infections, and reduce the risk of unwanted pregnancy are considered as sexual wellness products.

Rise in sexual interests of millennial and awareness regarding sexual wellness products are expected to boost the market growth during the forecast period. In addition, issues such as hectic & busy schedules, stress, frustration, medication, aging problems, and hormonal issues are expected to reduce sexual stamina of individuals; hence, wellness products such as sex toys, delay sprays, and sex enhancement supplements have gained major popularity among young couples.

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According to the report analysis, the India sexual wellness market is segmented on the basis of product type, end user, and distribution channel. By product type, it is categorized into sex toys, male condoms, female contraceptives, lubricants & sprays, and others. By end user, it is divided into men, women, and LGBT community. By distribution channel, it is classified into specialty stores, drug stores, hypermarkets & supermarkets, and online stores.

On the basis of product type, the sex toys segment garnered the largest India sexual wellness share in 2020, and is projected to grow at a highest CAGR during the forecast period. This is majorly attributed to growth of interest among the millennial population toward sex and related activities. Sex toys can be used with or without a partner, which is expected to promote its use among people.

On the basis of end user, it is classified into men, women and LGBT community. The men segment comprises the major share of the end user segment. In recent years, male masturbators, dick rings, and lubricants have gained significant popularity among men, owing to their associated benefits such as painless sex, high sexual satisfaction, and double sexual stamina. In addition, growth in number of viewers for sex movies and pornography is anticipated to create sex fantasies among men, which further motivates them to use sex toys and condoms to enhance their sexual life; thus, all these attributes are surging the India sexual wellness market demand.

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On the basis of distribution channel, the online stores segment is estimated to reach $492.4 million by 2030, at a CAGR of 5.6%. This is majorly attributed to growth in internet users to buy various sexual wellness product including sex toys, female contraceptives, and male condoms, which is anticipated to favor the growth of the sexual wellness market through the online stores segment. Furthermore, online sales channels such as Amazon, Flipkart and others, offer great discounts to customers and also number of options are available for the product, which further boost the growth of the online store segment. Rise in number of internet users from emerging countries such as India, is expected to increase the number of online store shoppers, which further adds to the growth of the sexual wellness market.

Key Findings Of The Study

The India sexual wellness market size was valued at $1,153.5 million in 2020, and is estimated to reach $2,095.4 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.
By product type, the lubricants & sprays segment is estimated to witness significant growth, registering a CAGR of 5.3% during the forecast period.
By end user, the men segment was valued at $639.1 million in 2020 and it accounted for 55.4% of the India sexual wellness market share.
By distribution channel, the drug store segment dominated the India sexual wellness market in 2020, and is expected to dominate the market during the forecast period.

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The key players profiled in the India sexual wellness market report Adam and Eve Stores, Bijoux Indiscrets, Bleu, California Exotic Novelties, LLC, CC Wellness LLC, Cupid Limited, Lovetreats, HLL Lifecare Limited, Kamasutra and Reckitt Benckiser Group Plc.

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Sales of Culinary Tourism Market to Rise at 17.2% CAGR through 2031

According to a new report published by Allied Market Research, titled, “Culinary Tourism Market by Activity Type, Age Group, Mode of Booking: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the culinary tourism market size was valued at $1,116.7 billion in 2019 and is expected to grow at a CAGR of 16.8% from 2020 to 2027 to reach the market size of $1,796.5 billion in 2027. The food festival segment was the highest contributor to the market, with $338.6 billion in 2019, and is estimated to reach $560.3 billion by 2027, at a CAGR of 17.2% during the forecast period.

Culinary tourism involves exploration or travel to remote exotic areas and indulge in consumption of various dishes and local food items to get a feel of the location. It includes unique experiences during the vacation, in which travelers interact with local populations and connect with their core values through food. Culinary travel is a kind of niche tourism, which includes numerous activities such as culinary trials, cooking classes, restaurants, food festival, and others.

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Culinary tourism is witnessing exponential growth worldwide, as travelers prefer to visit previously undiscovered destinations. Moreover, with the increase in government initiatives in the form of public and private partnership to promote tourism has led to growth of the tourism industry as a whole and has eventually benefited the culinary tourism industry. However, involvement of high risk of crime happening against tourist, unpredictable weather conditions and natural calamities may hinder the culinary tourism market growth. Irrespective of challenges, increase in social media trend has created a huge culinary tourism market opportunity, as Facebook has become the most preferred social network among travelers to share experiences.

The market is segmented on the basis of activity type, age group, mode of booking, and region. By activity type, the market has been classified into culinary trials, cooking classes, restaurants, food festivals and others. By age group, it is categorized into Baby Boomers, Generation X, Generation Y, and Generation Z. The mode of booking segment includes OTA, traditional agents and direct travel. Based on region, the culinary tourism market is studied across North America, Europe, Asia-Pacific, and LAMEA

According to the culinary tourism market analysis by activity type, the food festival segment was the most prominent segment accounting for the highest share in 2019 and is expected to continue this trend throughout the forecast period. However, the cooking classes segment is expected to experience the fastest growth rate of 17.2% through the forecast period.

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According to the culinary tourism market forecast based on age group, the generation Y segment was the dominant segment with majority of the market share in 2019 and is estimated to remain dominant throughout the forecast period. The generation Z segment is estimated to grow at a notable growth rate of 17.6% during the forecast period.

Based on the mode of booking, the OTA segment was the most prominent segment in 2019 and is expected to grow at the highest CAGR of 17.9% through the forecast period. Direct bookings segment accounts for around one-third of the global culinary tourism market share and is expected to experience steady growth rate throughout the forecast period.

Asia-Pacific was the most prominent region in the culinary tourism market and is expected to garner high growth rate during the forecast period. The North America culinary tourism market is also expected to witness steady growth rate throughout the forecast period owing to presence of a large number of traditional food outlets and easy availability of accommodation

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Key findings of the study

The culinary tourism market was valued at $1,116.7 billion in 2019 and is expected to grow at a CAGR of 16.8% from 2020 to 2027 to reach the market size of $1,796.5 billion in 2027.
Based on activity type, the cooking classes segment would witness the fastest culinary tourism market growth, registering a CAGR of 17.8% during the forecast period.
In 2019, based on activity type, the food festival segment held the highest share, accounting for nearly half of the culinary tourism market.
In 2019, based on the age group, the generation Y segment was the most prominent segment and is expected to grow at a significant CAGR throughout the forecast period.
OTA segment was the dominant segment in 2019, accounting for a considerable share in the culinary tourism market.

The key players profiled in the report include Abercrombie & Kent USA, Classic Journeys, G Adventures, Greaves Travel, India Food Tour, ITC Travel Group Limited, The FTC4Lobe Group, The Travel Corporation, Topdeck Travel, and Tour Radar.

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China Playing Cards & Board Games Market to Witness Incremental Growth at 16.3% CAGR to Surpass $1,675.4 million by the End of 2025

China Playing Cards & Board Games Market Opportunity Analysis and Industry Forecast, 2018-2025

According to a new report published by Allied Market Research, titled,”China Playing Cards & Board Games Market by Product Type and Competition Type: Opportunity Analysis and Industry Forecast, 2018 – 2025,”The China playing cards & board games market size was valued at $583.8 million in 2018, and is projected to reach $1,675.4 million by 2025, registering a CAGR of 16.3% from 2018 to 2025. In 2017, the board games segment accounted for approximately two-thirds share in the China playing cards & board games market and is projected to grow at the highest CAGR of 19.2%.

Playing cards & board games are very popular and common products known by every age of person from child to adults. They are used by end users for leisure as well as for learning. However, playing cards have high demand in the than household as these are mainly used for playing various games such as Rummy, Bridge, and Sweeps in casinos, clubs & other places. On the other hand, board games are very popular among kids, millennials, and adults which is also an important factor affecting the
China playing cards & board games market size.

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These games play a crucial role in the growth and development of the children. It helps to enhance the creativity and self-confidence. It also helps to improve problem solving, critical, and logical reasoning skills. It is proven fact that playing board games regularly will help to reduce the risk of mental diseases such as Dementia and Alzheimer’s to a great extent. Apart from this, playing cards & board games are effectively utilized by game bars & cafes to increase social interactions. All these factors boost China playing cards & board games market growth.

According to the China playing cards & board games market forecast in 2018, the playing cards segment have occupied 33% of China playing cards & board games market share due to exponential popularity and rise in number of live casinos. By competition type, Tier 1 was the highest revenue generator for China playing cards & board games market grabbing the share of 46.0% in market and estimated to grow at CAGR of 16.0%. The expertise, strong infrastructure, and financial resources help tier 1 companies to account for maximum share in the market. For instance, Shanghai Yaoji Playing Cards Co Ltd. is of the major company of playing cards holding significant share in the China playing cards market. These companies are capable to adopt technological advancements for the development of innovative products and hence covers most of the market in terms of revenue and volume.

However, Chinese board games such as Weiqi (Go), Xiangqi, Jungle, Chinese Checkers, Mahjong, Chinese Chess, and others have high demand from the U.S. and Europe, and thus experiencing positive growth during the forecast period. However, rise in related tariffs have encouraged the major importers to switch to other cost effective options such as India and Vietnam for production impacting the China playing cards & board games industry negatively.

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The playing cards & board games manufacturers in China are majorly OEMs but now the manufacturers are focusing on R&D and adopting technological advances to develop new products. Thus, offering variety of new and innovative products to consumer. All of the above will open avenues for growth in China playing cards & board games market.

Key findings of the China Playing Cards & Board Games Market:
In 2017, board games segment dominated the China playing cards & board games market with 66% share in market
Playing cards segment occupied around 34% in the overall China playing cards & board games market share and is expected to grow at moderate CAGR of 7.3% through the forecast period.

By competition type, Tier 1 segment has occupied the largest share in the market and is estimated to grow at CAGR of 16.0%.
Tier 2 companies of the market are expected to grow at 17.3% CAGR during the forecast period.

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Tyres Market Analysis, Trends, Opportunity, Market Size and Segment Forecasts 2022-2029

A tire surrounds a wheel’s rim to transfer a vehicle’s load from a shaft or axle through wheel to the ground and provides traction on the surface of the road for the movement of the vehicle. A tire’s parts consists commonly of ply, beads, and belts. The layers of fabric that make up a tire’s skeleton are ply. It is made up of fiber cords, which are woven together and are coated with rubber. The substance which creates an air tight seal between the tire and the rim of the wheel and is made from rubber coated high strength braided wheel is known as beads of the tire. Steel belts are made up of rubber coated woven sheets of steel wire and surrounds the tire to reinforce strength and provide rigidity.

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Companies covered: MRF, Apollo Tyres, JK Tyre & Industries, Bridgestone, Goodyear, Michelin, Continental, Hankook, Sumitomo tires, Yokohama, Pirelli

COVID-19 Scenario Analysis:
The growth of tire market directly depends upon the growth of the commercial and non-commercial vehicle industry. The world wide pandemic occurrence has significantly reduced the frequency of purchase of trucks, passenger cars, two wheelers, and other commercial and non-commercial vehicles which in turn reduce the demand for tires in the market. Moreover, due to lockdown in various countries, there is no demand for tires of huge trolleys and trucks used for the production purposes in the factories. COVID-19 outbreak has created scarcity of labor supply, raw materials, and availability of other components due to which production of tire has been hampered. The impaired supply chain and distribution network are some of the challenges that the industry is focusing on. The companies get to develop such strategies to change the design of their supply chain and production policies or plans in tandem with the changing business environment.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The inclination toward spending on new advanced technology has increased the number of potential buyers of vehicles for commercial purpose and non-commercial purpose. The rise in demand for cars and two wheelers among the general public propels the market for tires used in these vehicles. In addition, there is a rise in the domestic demand for tiers due to surge in disposable income available to the people of the developing countries.

The vast consumer base of the tire industry helps in making the industry profitable. It is used in all types of vehicles including buses, military vehicles, and trucks used for farming. Currently, the tire industry is being driven by increase in radialization of tires especially in buses and trucks. Currently, in India replacement market dominates the tire market as it accounts for the major part of the total sales. Replacement market is linked with the replacement cycles and usage patterns while OEM segment depends upon new automobile sales trend.

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The global tires market trends are as follows:

New product launches to flourish the market

The launch of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve overall functionality and quality of the tires as well. Tires manufacturing companies are focusing on to launch of such tires which increases mileage, improve rolling resistance, and are applicable in broader range of vehicles. For instance, in August 2019, Petlas, a Turkish Tire manufacturer has added a new size of truck and bus radial tires to make the patterns suitable for a broader range of vehicles and applications. In June 2019, Bridgestone launched its first tire dedicated to the coach segment. Those tires were designed to provide comfort, cost efficiency and safety in wintery, dry and wet conditions with high rolling resistance and high labeling scores for pass-by-noise.

Companies are also focusing on customizing and updating the existing product range to gain lead in the market. For instance, in December 2019, Goodyear had launched an update to its Omnitrac mixed service truck tire range by adding six new heavy duty fitments for the drive and steer axles. These tires were designed to operate under sever conditions, which also offer improved efficiency, mileage, durability, and traction in all weather conditions.

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Price hikes in raw materials hindering the growth of the market.

The hike in price of the raw material is creating challenge for the tire industry. The increase in the cost of rubber used as main component of raw material for the making of tire has surged the cost of production, which in turn increased the purchasing price of the tire for the end user as well. In addition, the ever increasing and fluctuating high fuel price have reduced the distance travelled per vehicle resulting in declining demand for new tires by the retailers and the consumers.

Key Benefits of the Report:

This study presents the analytical depiction of the global tires industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global tires market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global tires market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global tires market analysis based on competitive intensity and how the competition will take shape in coming years.

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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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Aircraft Computers Market | Trends, Share, Growth Rate, Opportunities and Market Forecast 2022 – 2027

Aircraft Computers Market Outlook – 2027

The aircraft computers can be defined as a device which is used to perform computations on various air travelling machines (aircrafts). Computers are integrated in aircrafts to diminish the burden of pilot and to ensure wellbeing of passengers. In the aircraft, computers are used for various applications such as flight control & display, monitoring & regulating flight functions, recording & processing flight activities, providing communication & navigation, and for passenger entertainment. Similarly, auto-pilot mode has also became possible due to aircraft computers. Advance applications in aircraft computers has paved the way in the development of fly-by-wire system, which is being currently used in several military aircrafts such as F-18, F-22, Eurofighter Typhoon, JAS 39 Grippen, Rafale, and others. Moreover, Airborne Internet has emerged as a latest development in aircraft computers, which may be used to connect aircrafts by radio & satellite link to a global information system in the future.

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COVID-19 Scenario analysis:

Due to COVID-19 situation,the productionrate of industries across the globe has been hampereddue to the declared lockdowns and government restrictions on public gatherings.
The demand for aircraft computers is affected due to the cancellation of large number of flights across the globe to curb the transmission of the virus.
Restrictions on travel may lead to cancellation of airplane order in near future which may affect the aircraft manufacturing companies and thereby aircraft computers.
Demand for spare parts is also down since there are no requirement as many airline’s business has been closed due to COVID-19 pandemic.
Key companies of the aviation industry which are getting affected globally include Qatar Airways, Emirates, China Eastern Airlines, Lufthansa, Boeing, Airbus, American Airlines Group Inc., and Delta Air Lines. For instance, Qatar Airways suspended all of its flights to and from Italy that was one of the worst-hit countries by the pandemic of COVID-19.

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Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increase in aircraft orders,modernization of existing aircraft fleet, and development of advanced aircraft computers are the factors that drive the global aircraft computers market. However, strict regulations in aviation industries and existing backlogs in aircrafts deliverie sare hampering the growth of aircraft computers market. Growth in demand for aircraft computers in unmanned aerial vehicles can be opportunistic for aircraft computers market growth.

Increasing aircraft orders

Increase in number of aircraft orders (both commercial and military), owing to rise in air passenger traffic and political issues between countries is driving the growth of the aircraft computers market. Additionally, growth in tourism across the globe and decrease in fuel prices also contributed in the demand of new aircrafts. Such rise in aircraft deliveries will require additional hardware such as aircraft computers. Hence, increase in aircraft orders will create demand in aircraft computers market.

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Key benefits of the report:

This study presents the analytical depiction of the global aircraft computers industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aircraft computers market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aircraftcomputers market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed aircraft computers market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the aircraft computers market research report:

Which are the leading market players active in the aircraft computers market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?

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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.

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

Contact:

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

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