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High-intensity Sweeteners Market Revenue, Demand, Share, Size | Global Industry Analysis and Research Report 2022 to 2031

High-intensity Sweeteners Market was valued at $1,897.30 million in 2020, and is estimated to reach $2,920.10 million by 2031, growing at a CAGR of 3.7% from 2022 to 2031.

High-intensity sweeteners are widely used as an alternative to sugar to enhance and sweeten various food & beverages. Moreover, these compounds are several times sweeter than regular sugar; and hence, are required in lower concentration for sweetening the products. These are used as replacements to sucrose (sugar) due to their overall sweeter taste and low-calorie content.

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The major companies profiled for high-intensity sweeteners industry include Hyet Sweet, Tate and Lyle, Plc., Celanese Corporation, Cumberland Packing Corporation, Merisant, Ajinomoto Co., Inc., Hermes Sweeteners Ltd., JK Sucralose, Inc., Heartland Food Products Group, and Stevia First Corporation. These market players are adopting various marketing strategies such as product launch, partnership, joint venture, merger, and acquisition.

The global high-intensity sweeteners market witness’s significant growth, owing to ongoing developments and new applications in the food industry including, dairy products & baked goods. In addition, concerns about health and nutrition among the population are the key drivers of the market. Moreover, stevia extract, a sweetener derived from the leaves of stevia shrub, is widely used by consumers apart from the monk fruit extract. Furthermore, surge in the number of health-conscious consumers, especially in the developing economies and rise in incidences of diabetes and obesity have led to change in dietary habits of consumers. Thus, high-intensity sweeteners have replaced sugar as a food additive to prevent these conditions. However, decline in soft drink consumption in North America and Europe regions is expected to hamper the high-intensity sweeteners market growth.

The beverage segment accounted for one-third of the global high-intensity sweeteners market share, in terms of volume, in 2020. The consumption of diet carbonated soft drinks and low-calorie food creates the demand for high-intensity sweeteners in the beverage industry. Moreover, recent government initiatives in countries such as UK, which has imposed sugar tax on sugar-based soft drinks are some of the key factors that drive the market. Furthermore, the use of cyclamate sweetener has increased in diet beverages and food, especially in the developing regions, such as Asia-Pacific and Africa, owing to increase in health awareness among the population.

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The impact of the COVID-19 pandemic on the growth of the global high-intensity sweeteners market in 2020 was quite negative. This was due to the supply chain disruption, halt in production and manufacturing of high-intensity sweeteners, and lockdown restrictions.

The global high-intensity sweeteners market is driven by production & consumption of diet carbonated soft drinks and low-calorie foods. Moreover, these sweeteners are added to diet soft drinks, low-calorie yogurts, and sugar-free jams, so that they taste as their conventional counterparts. In addition, growing health concern, such as obesity and rise in incidences of diabetes and cardiac arrest, have motivated consumers to improve their lifestyles and adapt healthier and low-calorie diet pattern. Thus, rise in adoption of stevia extracts high-intensity sweeteners in food & beverage health products fuels the market growth.

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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.

Frankincense Extract Market Size, Global Industry Report, Share and development by 2025

Frankincense, also known as olibanum is produced from the resin of the Boswellia tree, which typically grows in the mountainous regions of India, Africa, and the Middle East. It has a woody, spicy smell that can be inhaled, absorbed through the skin, soaked into a tea or consumed as a supplement. Traditionally, frankincense was used as a medicine to aid health issues such as arthritis and asthma. There is an increase in the applications of frankincense extracts in pharmaceuticals owing to its anti-inflammatory, antibacterial, and antifungal properties.

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Frankincense essential oil obtained from its extracts is used in aromatherapy to alleviate stress and relieve pain. Busy and hectic lifestyle of the urban populace along with the increase in disposable income leads to rise in demand for aromatherapy, which ultimately boosts the growth of the frankincense extract market. Consumers today have an increased preference toward cosmetics and personal care products made with natural and organic ingredients. There is increase in the demand for frankincense powder as an ingredient in soaps, shampoo, lotions, and other similar products. However, changes in climate and over-tapping of trees to meet increased demand result in the decline of boswellia trees. This is anticipated to restrain the growth of the frankincense extract market.

On the contrary, with the preference of consumers inclined toward natural ingredients in the food & beverage products due to increase in health consciousness and rate of health-related problems. The application of frankincense extracts such as an emulsifying agent, stabilizer, and flavor in the food & beverage industry can thus be viewed as an opportunity by the manufacturers for growth and expansion of the market.

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The frankincense extract market is segmented based on form, end use, and region. Based on form, the market is classified into powder, oil, and resin. Based on end use, it is categorized into food & beverage, cosmetics & personal care, aromatherapy, pharmacological, insecticide, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players in the market include Indian Spice Oil Industries, Aromaaz International, De Monchy Aromatics, Albert Vieille, HERBO NUTRA, AMARNATH EXPORTS, Avi Naturals, Ambe Ns Agro Product Pvt. Ltd., Scents of Earth LLC., and Edens Garden.

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KEY BENEFITS FOR STAKEHOLDERS

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the frankincense extract market to elucidate the prevailing opportunities and tap the investment pockets.
It offers qualitative trends as well as quantitative analysis of the global market from 2018 to 2025 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates type of frankincense extract and its applications.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
Key market players are profiled to understand the competitive outlook of the market.

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.

Extended Detection and Response Market -Industry New Pathways for Research and Innovation are Being Opened by Trends 2031

According to the report published by Allied Market Research, the global extended detection and response market generated $980.3 million in 2021, and is expected to reach $6.7 billion by 2031, witnessing a CAGR of 21.5% from 2022 to 2031.

The report offers an extensive analysis of changing market dynamics, top segments, value chains, competitive landscapes, and the Covid-19 pandemic impact. This report provides detailed information for market players, stakeholders, investors, and startups in devising strategies for achieving sustainable growth and gaining a competitive advantage in the market.

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Covid-19 Scenario:

The Covid-19 pandemic impacted the entire business ecosystem across the world owing to lockdown restrictions that led companies to adopt remote working or work from home culture. It positively impacted the adoption of extended detection and response solutions and services, owing to rise in cyber threats on devices. With increasing trend of remote working and work from home culture, the requirement for managed security and extended detection and response surged drastically.
Companies are focusing on adopting emerging technologies such as edge computing, automation, and cloud-based endpoint detection and response across various industries such as BFSI, healthcare, and government. The adoption is aimed to carry out contactless operations safely and securely.
Moreover, local enterprises have been implementing extended detection and response solutions and services for making their operations efficient, scalable, and secure. Moreover, many industries shifted toward digitalization, which, in turn, created the demand for robust and Al-integrated solutions to offer efficiency and real-time reporting features.

Based on component, the solution segment accounted for the largest market share in 2021, contributing to nearly three-fifths of the global extended detection and response market, and is projected to maintain its lead position during the forecast period.

This is due to the detection, automation, prevention, and shielding of the networks from cyber threats. However, the service segment is estimated to manifest the largest CAGR of 22.6% from 2022 to 2031, owing to the implementation of the software program, maximization of the cost of an existing installation, and minimization of deployment cost & risks.

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Based on the deployment model, the on-premise segment contributed to the largest market share in 2021, accounting for nearly three-fifths of the global extended detection and response market, and is expected to maintain its dominant share during the forecast period.

This is attributed to excessive security measures and much less rate of data breaches as compared to cloud-based deployment models. However, the cloud segment is estimated to manifest the highest CAGR of 22.7% from 2022 to 2031, owing to flexibility and value advantages related to cloud services.

Based on industry vertical, the BFSI segment accounted for the largest market share in 2021, holding around one-fifth of the global extended detection and response industry, and is estimated to continue its highest contribution throughout the forecast period.

This is attributed to reliability, relatively stable connectivity, and adoption of online banking and transactions by customers. However, the retail and e-commerce segment is projected to grow at the largest CAGR of 25.1% from 2022 to 2031. This is due to rise of smartphones, surge in real-time payments, and increase in online shopping activities.

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Based on region, North America held the largest market share in 2021, accounting for more than two-fifths of the global extended detection and response market, and is estimated to continue its highest contribution throughout the forecast period.

This is due to developments in technology and digitalization that led to the adoption of extended detection and response solutions to protect the critical data of organizations. However, Asia-Pacific is estimated to manifest the largest CAGR of 24.6% from 2022 to 2031. This is owing to increased cyber threats and the rapid shifts toward cloud-based platforms in this region.

Leading market players of the global extended detection and response market analyzed in the research include BitDefender, Broadcom Corp, Confluera, Cisco Systems Inc., Cynet, Crowstrike, McAfee, BlueShift Technologies, Sophos Group, IBM Corporation, Fortinet Inc., Elastic Inc., Microsoft Corporation, Trend Micro Inc., SentinelOne, and Palo Alto Networks Inc.

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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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Internet of Things (IoT) in Banking Market Size, Share, Trends, Top Companies, Segmentation, Development Status & Industry Forecast 2030

Allied Market Research published a report, “Internet of Things (IoT) in Banking Market by Offering (Solution, Services), by Deployment Model (On-premise, Cloud), by Application (Smart ATMs, Customer Management and Support, Security and Authentication, Others), by Enterprise Size (Large Enterprises, SMEs): Global Opportunity Analysis and Industry Forecast, 2021-2031”.

As per the latest report, Over the next few years, the market will witness a major spike in CAGR. Technological innovations and increased disposable income would contribute significantly to market growth. The report offers a comprehensive study of major market players, key trends, and driving factors.

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The global Internet of Things (IoT) in Banking market report includes detailed information regarding driving factors and opportunities that propel the market growth. Moreover, the report involves an analysis of challenges and restraining factors, which helps market entrants understand pitfalls in the industry. Technological advancements and a surge in demand are the prime reasons behind the market growth. The untapped potential in developing countries would open new opportunities in the coming years.

The market growth is analyzed using several strategic tools and methods. The SWOT analysis and Porter’s Five analysis are offered in the report. These tools offer a detailed analysis of major determinants of market growth and are essential for leveraging lucrative opportunities in the market.

The Report will help the Leaders:
• Figure out the market dynamics altogether
• Inspect and scrutinize the competitive scenario and the future market landscape with the help of different strictures including Porter’s five forces
• Understand the impact of different government regulations throughout the global health crisis and evaluate the global & Asia-Pacific radar market condition in the tough time
• Consider the portfolios of the protruding players functional in the market in consort with the thorough study of their products/services
• Have a compact idea of the highest revenue-generating segment

The global Internet of Things (IoT) in Banking market report provides detailed segmentation of the market.

Offering	Solution Services
Deployment Model	On-premise Cloud
Application	Smart ATMs Customer Management and Support Security and Authentication Others
Enterprise Size	Large Enterprises SMEs

The report includes a comprehensive analysis of sales, revenue, growth rate, and market shares of every segment during the historic period and forecast period along with charts and tables.

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The Covid-19 pandemic had a significant impact on the growth of the global Internet of Things (IoT) in Banking market. The prolonged lockdown across several countries and restrictions on import-expert disrupted the supply chain. Moreover, the lack of workforce and increased prices of raw materials affected the market.

The global Internet of Things (IoT) in Banking industry is analyzed based on the region along with the competitive landscape in each region. The regions included in the report are 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). These insights aid to formulate business strategies and open lucrative opportunities.

The global Internet of Things (IoT) in Banking market report includes a detailed analysis of the top 10 market players active in the global market. The study includes sales, production, and revenue analysis. The prime market players are IBM Corporation. These market players have adopted several business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain their market presence in the market. The market report includes statistics, tables, and charts to offer a detailed study of the Internet of Things (IoT) in Banking industry.

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

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

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U.S. Extended Warranty Market Global Trends, Share, Growth, Opportunity and Forecast, 2021-2031

Allied Market Research published a report, “U.S. Extended Warranty Market By Coverage Type (Standard Protection Plan and Accidental Protection Plan), Distribution Channel (Manufacturers, Retailers, and Others), End User (Business and Individuals), Device Type (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices & PCs, and Others) and Service Type (Home Warranty, Auto Warranty, Enterprise Equipment Warranty, and Others): U.S. Opportunity Analysis and Industry Forecast, 2020-2028”.

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The global U.S. Extended Warranty market report includes detailed information regarding driving factors and opportunities that propel the market growth. Moreover, the report involves an analysis of challenges and restraining factors, which helps market entrants understand pitfalls in the industry. Technological advancements and a surge in demand are the prime reasons behind the market growth. The untapped potential in developing countries would open new opportunities in the coming years.

U.S. Extended Warranty Market Key Segments

By Coverage

Standard Protection Plan
Accidental Protection Plan

By Distribution Channel

Manufacturers
Retailers
Others

By End User

Business
Individuals

By Device Type

Automobiles
Consumer Electronics
Home Appliances
Mobile Devices & PCs
Others

By Service Type

Home Warranty
Auto Warranty
Enterprise Equipment Warranty
Others

The report includes a comprehensive analysis of sales, revenue, growth rate, and market shares of every segment during the historic period and forecast period along with charts and tables.

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The Covid-19 pandemic had a significant impact on the growth of the global U.S. Extended Warranty market. The prolonged lockdown across several countries and restrictions on import-expert disrupted the supply chain. Moreover, the lack of workforce and increased prices of raw materials affected the market.

The global U.S. Extended Warranty industry is analyzed based on the region along with the competitive landscape in each region. The regions included in the report are 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). These insights aid to formulate business strategies and open lucrative opportunities.

The global U.S. Extended Warranty market report includes a detailed analysis of the top 10 market players active in the global market. The study includes sales, production, and revenue analysis. The prime market players are ASSURANT INC., American International Group Inc., AmTrust Financial, Asurion, CARCHEX, CarShield LLC, Endurance Warranty Services LLC, Liberty Bell Auto Protect, Protect My Car, and SquareTrade Inc. These market players have adopted several business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain their market presence in the market. The market report includes statistics, tables, and charts to offer a detailed study of the U.S. Extended Warranty industry.

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

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

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Loan Servicing Software Market New Highs – Current Trends and Growth Drivers Along with Key Industry Players

Allied Market Research published a report, “Loan Servicing Software Market by Component (Software, Service), by Deployment Mode (On-premises, Cloud), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), by Application (Commercial Loan Software, Loan Servicing Software, Loan Origination Software), by End User (Banks, Credit Unions, Mortgage Lenders and Brokers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031”.

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The global Loan Servicing Software market report includes detailed information regarding driving factors and opportunities that propel the market growth. Moreover, the report involves an analysis of challenges and restraining factors, which helps market entrants understand pitfalls in the industry. Technological advancements and a surge in demand are the prime reasons behind the market growth. The untapped potential in developing countries would open new opportunities in the coming years.

The global Loan Servicing Software market report provides detailed segmentation of the market.

Component	Software Service
Deployment Mode	On-premises Cloud
Enterprise Size	Large Enterprises Small and Medium-sized Enterprises (SMEs)
Application	Commercial Loan Software Loan Servicing Software Loan Origination Software
End User	Banks Credit Unions Mortgage Lenders and Brokers Others

The report includes a comprehensive analysis of sales, revenue, growth rate, and market shares of every segment during the historic period and forecast period along with charts and tables.

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The Covid-19 pandemic had a significant impact on the growth of the global Loan Servicing Software market. The prolonged lockdown across several countries and restrictions on import-expert disrupted the supply chain. Moreover, the lack of workforce and increased prices of raw materials affected the market.

The global Loan Servicing Software industry is analyzed based on the region along with the competitive landscape in each region. The regions included in the report are 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). These insights aid to formulate business strategies and open lucrative opportunities.

The global Loan Servicing Software market report includes a detailed analysis of the top 10 market players active in the global market. The study includes sales, production, and revenue analysis. The prime market players are Applied Business Software, Bryt Software LLC, C-Loans, Inc., Emphasys Software, Fiserv, Inc., GOLDPoint Systems, Inc., Grants Management System (GMS), Graveco Software Inc., Nortridge Software, LLC, Shaw Systems Associates, LLC, Q2 Software, Inc., LoanPro, FICS, Margill, The Constellation Mortgage Solutions, Neofin, TurnKey Lender. These market players have adopted several business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain their market presence in the market. The market report includes statistics, tables, and charts to offer a detailed study of the Loan Servicing Software industry.

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

David Correa
Allied Analytics LLP
+1 503-894-6022
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Global Aromatherapy Products Market Size Growing at a CAGR of 9.0% from 2022 to 2031

As per the report published by Allied Market Research, the global aromatherapy products market is projected to reach $5.3 billion by 2031, growing at a CAGR of 9.0% from 2022 to 2031. The report highlights the market potential, market characteristics, competitive landscape, and growth by segmentation.

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Asia-Pacific is expected to register the highest CAGR of 11.5% from 2022 to 2031. However, the market across North America would dominate the market in terms of revenue, accounting for nearly two-fifths of the market

The aromatherapy products market in the medical sector has a lot of potential. Presently, the market revenue generated through relaxation and sleep, pain management, and skin and hair care segments are notably high and are expected grow at significant rate during the forecast period. This is majorly attributed to growing health concerns, rise in awareness regarding the therapeutic treatments and growing disposable income especially in the developing regions.

However, peppermint, lime, and lemon essential oils earned a sizable income in 2020 and are anticipated to gain sizable market share during the forecast period. At the moment, orange and cornmint oils dominate the market for essential oils. In addition, regulations imposed by the Consumer Product Safety Commission on air fresheners and scented candles, as well as limitation about the use of essential oils to special conditioned people are anticipated to restrain the growth of the global aromatherapy products market during the forecast period. People with asthma should not use essential oils unless doctor instructs.

Aromatherapy is frequently used as medicine in France, Germany, UK, Austria, and Switzerland, where there is a particularly robust market for it. Although it is still unusual, there is an increase in the number of licensed practitioners in UK. Aromatherapy is mostly utilized for holistic or aesthetic purposes and is marketed as cosmetics in the majority of other West European countries.

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Key Finding of the Study

By form, the medical segment accounted for $542.6 million, garnering 23.1% of the global market share in 2021.
By product, the blend oils segment acquired $746.4 million, exhibiting 31.8% of the global market share in 2021.
By application, the relaxation and sleep segment was valued at $963.1 million, accounting for 41.1% of the market share in 2021.
By distribution channel, the pharmaceutical and specialty stores segment acquired $299.4 million, exhibiting 12.8% of the global market share in 2021.
The U.S. was the most prominent market in North America in 2021, and is projected to reach $1,759.6 million by 2031, growing at a CAGR of 8.3% during the forecast period.
North America and Europe collectively accounted for around 74.7% share in 2021, with the former constituting around 39.9% share.

According to application, the pain management segment is estimated to reach $1,539.6 million by 2031, growing at a CAGR of 9.6% during the forecast period. Patients are turning to alternative treatments like aromatherapy items owing to ineffectiveness of oral painkillers. Many people are dependent on painkillers, although they frequently have negative side effects and are ineffective sometimes. In addition, one of the factors driving up demand for aromatherapy products is lack of preference for surgeries for the pain management.

According to distribution channel, the e-commerce segment was the significant contributor to the market, with $86.7 million in 2020 and is growing at a CAGR of 12.4% during the forecast period. Easy accessibility offered by online sales channel boosts its adoption in the aromatherapy products market. E-commerce has becoming a considerably popular medium for purchase of aromatherapy products. Easy availability of information about product specifications, time-saving feature, and facility of home delivery contributes to the growth of online sales.

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According to the aromatherapy products market opportunities, region-wise, Asia-Pacific garnered the considerable aromatherapy products market share in 2020, and is expected to maintain its market share during the forecast period. This is majorly attributed to growing disposable income, which promotes them to spend money on their health and well-being. In addition to this, the country’s healthcare spending is rising as well, which is pushing the regional domain.

The players operating in the global aromatherapy products industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include dōTERRA, Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin, and H.Reynaude & Fils.

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Automated Algo Trading Market Size, Share, Status and Forecasts 2021-2031

Allied Market Research published a report, “Automated Algo Trading Market by Component (Solution, Service), by Deployment Mode (On-premises, Cloud), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), by Application (Trade Execution, Statistical Arbitrage, Liquidity Detection, Others), by Trading Type (Stock Markets, FOREX, ETF, Bonds, Cryptocurrencies, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031”.

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The global Automated Algo Trading market report includes detailed information regarding driving factors and opportunities that propel the market growth. Moreover, the report involves an analysis of challenges and restraining factors, which helps market entrants understand pitfalls in the industry. Technological advancements and a surge in demand are the prime reasons behind the market growth. The untapped potential in developing countries would open new opportunities in the coming years.

The global Automated Algo Trading market report provides detailed segmentation of the market.

Component	Solution Service
Deployment Mode	On-premises Cloud
Enterprise Size	Large Enterprises Small and Medium-sized Enterprises (SMEs)
Application	Trade Execution Statistical Arbitrage Liquidity Detection Others
Trading Type	Stock Markets FOREX ETF Bonds Cryptocurrencies Others

The report includes a comprehensive analysis of sales, revenue, growth rate, and market shares of every segment during the historic period and forecast period along with charts and tables.

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The Covid-19 pandemic had a significant impact on the growth of the global Automated Algo Trading market. The prolonged lockdown across several countries and restrictions on import-expert disrupted the supply chain. Moreover, the lack of workforce and increased prices of raw materials affected the market.

The global Automated Algo Trading industry is analyzed based on the region along with the competitive landscape in each region. The regions included in the report are 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). These insights aid to formulate business strategies and open lucrative opportunities.

The global Automated Algo Trading market report includes a detailed analysis of the top 10 market players active in the global market. The study includes sales, production, and revenue analysis. The prime market players are 63MOONS, AlgoTrader, Argo Software Engineering, Ava Trade Markets Ltd., India Algo, InfoReach, Inc., LEHNER INVESTMENTS, MetaQuotes Ltd, NinjaTrader, QuantConnect, Software AG, Symphony, Tethys Technology, VIRTU Financial Inc., Tata Consultancy Services Limited, Next Algo, Myalgomate Technologies LLP. These market players have adopted several business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain their market presence in the market. The market report includes statistics, tables, and charts to offer a detailed study of the Automated Algo Trading industry.

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Sales Performance Management (SPM) Market Opportunities, Trends, Applications, And Growth Forecast To 2031

Swift acceptance of advanced solutions for enhanced customer targeting drives the growth of the global sales performance management market. An increase in demand for sales optimization and data enrichment tools will create new growth opportunities for the global market in the years ahead. However, data privacy and risk-sharing related to third-party sales performance services can hinder the growth of the global industry over the years to come.

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Based on the component, the solution segment contributed to the highest market share in 2021, accounting for nearly two-thirds of the global sales performance management (SPM) market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031.

The growth of the segment over the forecast period can be attributed to the growing need for effective management of sales and marketing campaigns. However, the service segment is predicted to register the fastest CAGR of nearly 16.5% from 2022 to 2031. The segmental growth over the next ten years can be attributed to the ability of the sales performance management services in providing analytical and visualization tools.

In terms of the deployment model, the on premise segment contributed to the highest market share in 2021, accounting for nearly three-fifths of the global sales performance management (SPM) market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031.

The expansion of this segment over the forecast timeline is due to the stringent security and compliance needs of organizations. However, the cloud segment is predicted to register the highest CAGR of nearly 16.3% from 2022 to 2031. The segmental surge can be due to the simplified deployment and operational capabilities of cloud-based Sales Performance Management (SPM) solutions.

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On basis of the enterprise size, the new construction segment contributed to the highest market share in 2021, accounting for more than two-thirds of the global sales performance management industry share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. The segmental surge over the forecast timespan can be credited to large-scale demand for sales and management (SPM) solutions in large enterprises.

However, the SMEs segment is anticipated to record the fastest CAGR of 17.1% over the forecast period. The growth of the segment during the forecast period can be attributed to the growing need for sales performance management (SPM) solutions for optimizing sales performance of SMEs.

On basis of the industry vertical, the BFSI segment contributed to the highest market share in 2021, accounting for nearly one-fourth of the global sales performance management (SPM) market share. Reportedly, this segment is predicted to contribute majorly toward an overall market share in 2031. The segmental surge over the forecast timespan can be credited to the large-scale sales operations in the BFSI sector.

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However, the retail segment is anticipated to record the fastest CAGR of 18.1% over the forecast period. The growth of the segment during the forecast period can be attributed to the massive application of sales performance management solutions in the retail sector. The report analyzes other segments such as IT and Telecom, Manufacturing, Energy and Utilities, Healthcare, and Others.

By Region, North America contributed notably in 2021, and is projected to continue its dominance during the forecast period. The region accounted for nearly two-fifths of the global sales performance management market share in 2021. The growth of the market in the region over the forecast timespan can be credited to the massive presence of social media companies in the region.

However, the Asia-Pacific region is anticipated to record the fastest CAGR of 17.4% from 2022 to 2031. The growth of the regional market over the forecast period can be attributed to the digital transformation witnessed in the region. The report also analyzes other regions such as LAMEA and North America.

Covid-19 scenario:

The COVID-19 pandemic favorably influenced the growth of the global sales performance management market as governments and businesses asked employees to work from home leading to a rise in acceptance of sales performance management (SPM) solutions.
Post-COVID-19, firms are focusing on using cloud-driven sales performance management (SPM) solutions in BFSI, IT and telecom, and healthcare industries for performing contactless functions. This will enhance the demand for sales performance management (SPM) solutions.

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Luxury Yacht Market Size $12.8 billion by 2031

According to a new report published by Allied Market Research, titled, “Luxury Yacht Market by Size, Type, and Material: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the luxury yacht market size was valued at $5.8 billion in 2020 and is expected to reach $12.8 billion by 2031, registering a CAGR of 8.0% from 2022 to 2031.In terms of volume, Europe occupied around two-thirds of the market share for 2020.

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To make a comparison, the same market generated only $5.8 billion in 2020, and the COVID-19 pandemic has taken a heavy toll on the global luxury yacht market in the last two years. Production facilities were temporarily closed, there were supply chain disruptions, and demand was quite low during the pandemic.

Nonetheless, it seems there are steady signs of recovery and things are on the right track now. With the pandemic now over, people have started to show more interest and to spend more on recreational and leisure activities, so estimations are optimistic for the next decade.

This growth seems to be driven by an increase in the number of prospective buyers and a surge in the popularity of yacht tourism. Basically, there are more billionaires in the world willing to spend their money on yachts.

Additionally, yachts are being rented for corporate events and parties, and the demand for luxury yacht customizations, together with the emergence of new mergers and acquisitions, present new opportunities in the coming years.

The Allied Market Research report for the global luxury yacht market focuses on the growth prospects but also on restraints, and the information it provides is segmented based on size, type, and material.

As such, based on size, the 120-250 feet segment, which accounted for nearly half of the global luxury yacht market in 2020, is expected to maintain its leadership in coming years. However, the 250 feet segment is estimated to have the highest CAGR of 9.0% from 2022 to 2031.

When it comes to yacht type, the motorized luxury yacht segment had the largest market share in 2020, and things aren’t expected to change during the forecast period.

Finally, based on region, in 2020, Europe held the highest market share in terms of revenue and accounted for two-thirds of the global luxury yacht market. It was followed by Asia-Pacific & North America. Europe is still expected to be the leader, but Asia-Pacific will register the fastest CAGR of 8.6% from 2022 to 2031.

As you can see, the luxury yacht market remains a bright spot in the otherwise challenged global economy, but it still has its own challenges to face, such as high maintenance cost, strict rules and regulations, and rapid technological innovation.

The key players profiled in the report includes Alexander Marine Co Ltd, Damen Shipyards Group, AzimutBenettiS.p.A., Feadship, FERRETTI S.P.A., Horizon Yacht USA, Princess Yachts International plc, Sanlorenzo Spa, Sunseeker International Limited, and Viking Yacht Company.

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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.

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