A Market Place Research – Page 1350

Online Banking Market Size to Grow $31.81 Billion by 2027, at 13.6% CAGR

According to the report published by Allied Market Research, the global online banking market was pegged at $11.43 billion in 2019 and is expected to hit $31.81 billion by 2027, registering a CAGR of 13.6% from 2020 to 2027. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

#onlinebanking

With changing consumer demands, lifestyle, and expectations toward banking, the banks are largely switching toward internet or digitalized banking by implementing technologies. This factor has driven the global online banking market. At the same time, security & technical issues, privacy concerns, and transaction difficulties impede the growth to some extent. However, countries, such as China, India, Japan, and Australia, have high demand for massive internet usage to avail banking services online. This, in turn, has created a number of opportunities in the industry.

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Covid-19 scenario-

The outbreak of the pandemic has increased the demand for online banking services, as shutdown of physical branches has led to shift of consumers toward online platforms.
Also, the growing drift of social distancing has reinforced the incorporation of electronic payment system among consumers.

The global online banking market is analyzed across service type, banking type, and region. Based on service type, the payments segment contributed to nearly one-third of the total market revenue in 2019 and is expected to rule the roost by the end of 2027. The wealth management segment, on the other hand, would grow at the fastest CAGR of 15.7% throughout the forecast period.

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Based on banking type, the retail banking segment accounted for nearly half of the total market share in 2019 and is projected to retain its dominance till 2027. Simultaneously, the investment banking segment would showcase the fastest CAGR of 15.7% from 2020 to 2027.

Based on region, North America garnered the major share in 2019, holding nearly one-third of the global market. At the same time, Asia-Pacific would register the fastest CAGR of 15.2% till 2027. The other two provinces studied in the report include Europe and LAMEA.

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The key market players analyzed in the global online banking market report include Inc., Capital Banking Solution, CGI Inc., Temenos Headquarters SA., Tata Consultancy Services Limited, ACI Worldwide, COR Financial Solutions Limited, EdgeVerve Systems Limited, Microsoft, Oracle, and Fiserv, Inc. These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.

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Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

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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Gift Cards Market s projected to reach $2,076.51 billion by 2027

According to the report published by Allied Market Research, the global gift cards market generated $619.25 billion in 2019, and is estimated to reach $1,922.87 billion by 2027, registering a CAGR of 15.4% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Increase in application areas such as banking, hospitality, and retail stores and growing technological innovation in product offerings drive the growth of the global gift cards market. However, various types of fees associated with card transactions hinder the market growth. On the other hand, surge in demand for gift cards from developing economies such as China and India creates new opportunities for the market player in the coming years.

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Covid-19 scenario:

Due to lockdown in several countries, the tourism and hospitality industry have been affected badly. If market players in the industry cannot sell their services due to the restrictions, they can sell their gift cards on a lower than the nominal value. This will motivate customers to purchase such services and offer a chance to earn for market players.
The demand for gift card is likely to get affected as their printing and production has been halted amid lockdown due to COVID-19 pandemic situation.
The revenue generated from the retail establishment segment is likely to increase as retail shops have been allowed to do the business during the lockdown.
The report offers detailed segmentation of the global gift cards market based on card type, end user, and region.

Based on card type, the closed-loop card segment contributed to the largest share in 2019, accounting for more than two-thirds of the total share, and is estimated to maintain its dominant position during the forecast period. However, the open-loop card segment is estimated to portray the highest CAGR of 17.1% during the forecast period.

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Based on end user, the retail establishment segment accounted for the largest share in 2019, holding more than two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. However, the corporate institutions segment is expected to register the highest CAGR of 16.8% from 2020 to 2027.

Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is also expected to grow at the highest CAGR of 17.0% from 2020 to 2027.

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Leading market players analyzed in the research include American Express, Amazon.com, Inc., First Data Corporation, Blackhawk Network Holdings, Inc., Givex Corporation, Fiserv, Inc., NGC US LLC, InComm Inc, Paytronix Systems, Inc, and Qwikcilver Solutions Pvt Ltd.

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Reinsurance Market to Reach $1,344 Bn, Globally, by 2031 at 10.8% CAGR

Allied Market Research recently published a report, titled, “Reinsurance Market by Type (Facultative Reinsurance, Treaty Reinsurance), by Application (Property & Casualty Reinsurance, Life & Health Reinsurance), by Distribution Channel (Direct Writing, Broker), by Mode (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2022-2031″. As per the report, the global reinsurance industry was pegged at $498.7 billion in 2021, and is expected to reach $1,344 billion by 2031, growing at a CAGR of 10.8% from 2022 to 2031.

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Major Determinants of the Reinsurance Market Growth

Rise in demand for various insurance plans and increased awareness due to Covid-19 pandemic drive the growth of the global reinsurance market. Moreover, demand for artificial intelligence in reinsurance and conduit reinsurance would open new opportunities in the future.

Covid-19 Scenario:

The pandemic had a negative effect on the market as socioeconomic disruptions accelerated the dynamics of broker, primary insurer, and reinsurer consolidation.
However, the digitization of reinsurance market limited the negative impact of Covid-19 on the market.

Scope of the Report:

Report Attribute	Details
Revenue forecast in 2031	$1344.3 billion
Growth rate	CAGR of 10.8% from 2022 to 2031
Forecast period	2022 – 2031
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Regional scope	North America, Europe, Asia Pacific, Latin America, MEA
Country scope	U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Key companies profiled	AXA XL, Barents Re Reinsurance Company, Inc., Berkshire Hathaway Inc., BMS Group, China Reinsurance (Group) Corporation, Everest Re Group, Ltd., Hannover Re, Lloyd’s, MAPFRE, Markel Corporation, Munich RE, RGA Reinsurance Company, Swiss Re, The Canada Life Assurance Company, Tokio Marine HCC, SCOR, and Next Insurance, Inc. Access Table PDF

The Treaty Reinsurance segment to Manifest the highest CAGR through 2031

By type, the treaty reinsurance segment is estimated to portray the highest CAGR of 11.9% during the forecast period. In addition, the segment held the largest share in 2021, accounting for more than two-thirds of the global reinsurance market, and is expected to continue its dominance throughout the forecast period. The lack of individual underwriting on the part of the assuming insurer is the main feature of a treaty arrangement. The report includes analysis of the facultative reinsurance segment.

The Property & Casualty Reinsurance Segment Dominated the Market

By application, the property & casualty reinsurance segment held the largest share in 2021, contributing to nearly two-thirds of the global reinsurance market, and is expected to maintain leading position during the forecast period. Commercial property & casualty reinsurance either pays to repair or rebuild property with materials of the same or pays the current value of the damaged property. Hence, this is a major factor driving the growth of the market. However, the life & health reinsurance segment is projected to manifest the highest CAGR of 12.8% during the forecast period, owing to increase in demand for life and health insurance during the forecast period. The COVID-19 pandemic has increased awareness of the value of and demand for life insurance among consumers.

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The Broker Segment to Showcase the Highest CAGR through 2031

By distribution channel, the broker segment is projected to manifest the highest CAGR of 13.0% during the forecast period. Brokers use their marketing skills and knowledge about reinsurance to sell policies to the end customers. These intermediaries search for potential buyers and explain the advantages, benefits, disadvantages, and other details for reinsurance coverage, which fuels the growth of the market. However, the direct writing segment held the largest share in 2021, accounting for nearly three-fourths of the global reinsurance market, and is expected to continue its dominance from 2022 to 2031. This is due to awareness among the insurers regarding reinsurance policies to cover business risks and losses.

North America held the Lion’s Share

By region, the global reinsurance market across North America held the largest share in 2021, accounting for more than two-fifths of the market. This is due to surge in the life & health insurance, property & casualty insurance, and other insurance policies and advent of increase in demand for artificial intelligence and technologies. However, the market across Asia-Pacific is expected to register the highest CAGR of 14.2% during the forecast period, owing to developing market, underwriting procedures, and innovations across the region.

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Major Market Players

AXA XL
Barents Re Reinsurance Company, Inc.
Berkshire Hathaway Inc.
BMS Group
China Reinsurance (Group) Corporation
Everest Re Group, Ltd.
Hannover Re
Lloyd’s
MAPFRE
Markel Corporation
Munich RE
RGA Reinsurance Company
Swiss Re
The Canada Life Assurance Company
Tokio Marine HCC
SCOR
Next Insurance, Inc.

The report analyzes these key players of the global satellite connectivity market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

Key Benefits for Stakeholders

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

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Key Market Segments

Type

Facultative Reinsurance
Treaty Reinsurance
- Treaty Reinsurance
  - Proportional Reinsurance
  - Non-proportional Reinsurance

Application

Property & Casualty Reinsurance
Life & Health Reinsurance
- Life & Health Reinsurance
  - Disease Insurance
  - Medical Insurance

Distribution Channel

Direct Writing
Broker

Mode

Online
Offline

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Massage Oil Market Valuation Worth USD 8.1 Billion by 2031, Growing At a CAGR of 10.5% | Current Trends and Growth Drivers

According to a new report published by Allied Market Research, titled, “Massage Oil Market,” The Massage Oil Market Size was at $3 billion in 2021, and is estimated to reach $8.1 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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Rise in inclination of customers preference toward health living, increase in literacy rate among customers, increase in knowledge about the benefits of massage oil, extensive application for the treatment of various chronic injuries such as sports or accidental injuries, and surge in its application of reducing stress and increasing relaxation are expected to drive the growth of the global massage oil market.

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

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

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

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

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

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

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

Key findings of the study:

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

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Related Reports:

○ Electric Massagers Market by Manufacturer, Region, Type and Application Forecast to 2027
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○ Massage Pillow Market Revenue Is To Reach A Value Of CAGR Forecast Till 2027

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

About Us

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

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Brow Gel Market Size is Likely to Reach a Valuation of Around $431.7 Million by 2031, Registering a CAGR of 5.2%

According to a new report published by Allied Market Research, titled, “Brow Gel Market” The brow gel market was valued at $264.90 million in 2021, and is estimated to reach $431.7 million by 2031, growing at a CAGR of 5.2% from 2022 to 2031. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

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Rise in demand for natural brow gel over past couple of years is attributed to increase in public knowledge of advantages of using brow gel. In addition, organic and natural is a market that is currently popular and is present in practically all color cosmetic products. The market is witnessing an increase in demand for natural products as customers become more health conscious and aware of the unhygienic manufacture and cultivation of ingredients and their effects on the skin.

Many cosmetic items, such as brow gels contain harmful ingredients that harm skin when absorbed and cause a variety of skin irritations and disorders. A number of chronic diseases, including cancer, endocrine disorders, and neurological disorders, caused certain chemicals found in cosmetic items. Rise in skin-related problems by chemical cosmetics has discouraged customers from using chemical color cosmetics, and many have started to choose natural color cosmetics instead. Natural ingredients including jojoba oil, coconut oil, botanical cactus, and aloe vera extract are used to make natural brow gels. A natural brow gel has no dangerous ingredients and is safe to use. An important element driving growth of the global brow gel market is rise in demand for natural brow gels on a global scale. People take great care while selecting brow gels with natural components as eyes and area around the eyes are important part of the face.

According to the brow gel market analysis, the brow gel market is segmented into price point, distribution channel and region.

By price point, it is segregated into economy and premium. On the basis of distribution channel, the market is categorized into hypermarkets/supermarkets, specialty stores, online sales channel and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia & New Zealand, South Korea, ASEAN and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, Saudi Arabia and Rest of LAMEA).

According to the brow gel market trends, on the basis of price point, the premium segment was the significant revenue contributor to the market, with $75.6 million in 2021, and is estimated to grow at a CAGR of 5.7% during the forecast period. Moreover, awareness of luxury skin care and color cosmetics has increased, owing to rise in per capita income and purchasing power, thus brow gel and other high-end color cosmetic products are selling quickly. The advent of more natural goods, especially those made with rare raw components and offering exponential benefits, is also attributed for increase in demand for high-end color cosmetics items worldwide.
By distribution channel, the hypermarket and supermarket segment was the highest contributor to the brow gel market growth, and is estimated to reach $145.2 million by 2030 at a CAGR of 4.2% during the forecast period. Increase in urbanization, rise in working class population, and competitive pricing boost popularity of supermarkets/hypermarkets sales channel.

Region wise, Asia-Pacific garnered a significant brow gel market share in 2021, and is expected to maintain the share throughout the brow gel market forecast period. Internet penetration in Asia-Pacific was ~51% in 2020. Thus, increase in netizens and rise in digitization have influenced consumer purchase behavior. Online platforms serve as a popular medium for purchase of skin care products, owing to benefits such as availability of information about the attributes of these products, time-saving feature, and facility of home delivery provided by online platforms.

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Key players profiled in this report include L’ORÉAL S.A., Revlon, Inc., Avon, Oriflame Holding AG, Christian Dior SE, GUERLAIN, Relouis Bel LLC, Anastasia Beverly Hills, Huda Beauty, and Maybelline New York.

Reasons to Buy This Brow Gel Market Report:

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

Related Reports:

○ Luxury Cosmetics Market is expected to garner $81,247.6 million by 2026
○ Cosmetics Face Serum Market Growth Opportunities In Global Industry By 2021-2030
○ Lipstick Market Size is expected to reach $12.5 billion by 2026

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Electric Kettle Market is Expected to Rise USD 6.08 Billion by 2031, Growing At a CAGR of 4.2% | Top Manufacturers

According to a new report published by Allied Market Research, titled, “Electric Kettle Market” The Electric Kettle Market Size was valued at $4.06 billion in 2021, and is estimated to reach $6.08 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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Rising purchase power, changes lifestyle and rapid urbanization are Electric Kettle Market Trends. Furthermore, the growing awareness about health benefits of using electric kettles and its multipurpose uses is supporting the market growth. Additionally, rising number of hotels, restaurants, hospitals, corporate office is positively influencing the market growth. Moreover, increase in inclination of consumers toward smart appliances that have multipurpose uses notably contributes toward the growth of the global market. Additionally, companies provide electric kettles in a variety of sizes and with the capacity to boil between 0.5 and 2 litres of water, which has led to a wide range of product options for consumers, which creates enormous Electric Kettle Market Opportunity. Moreover, The number of internet users has risen along with the growth in internet consumption. Considering this, the majority of the market’s key players for electric kettles intend to advertise their goods on social networking sites. As of results of their social media marketing strategy, electric kettle market is anticipated to witness significant Electric Kettle Market Growth.

According to The Electric Kettle Market Analysis, the market is segmented on the basis of raw material, application, distribution channel, and region. By raw material, the market is categorized into stainless steel, plastic, and glass. The stainless steel segment was the highest contributor to the market, with $1,683.4 million in 2021, and is estimated to reach $2,433.1 million by 2031, at a CAGR of 3.8% during the forecast period. This is attributed to the fact that stainless steel kettle is widely used in cafés and restaurants. Moreover, stainless steel kettles are reasonably priced and include extra features such as auto shutoff and base cord storage temperature control, and other lighting features include illuminated blue switches etc., which boost the growth of this segment.

Depending on distribution channel, the offline segment dominated the market in 2021, accounting for 62.9% of the Electric Kettle Market Share, and is expected to retain its dominance throughout the Electric Kettle Market Forecast period. This is attributed to the fact that consumers are preferring products from various offline sales channels such as hypermarket/supermarket, specialty stores, and convenience stores.

Based on application, the commercial segment held a significant share of 63.81% in the global market in 2021. This is attributed to increase in number of cafés, restaurants, and hotels in commercial complexes. Moreover, rapid development of the corporate sector is expected to fuel the demand for electric kettles. Electric kettles quickly boil water, which help restaurants and hotels to serve their customer quickly.

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Region wise, Europe was the prominent market in 2021, garnering maximum share, owing to high consumption of coffee and tea in majority of the European countries, including Germany, Italy, France, and Spain.

Key players are Aroma houseware company, Bajaj electrical limited, Breville group, Chef’s choice, Cuisinart, Hario company limited, Hamilton beach, Helen of troy limited , Morphy Richards, and Spectrum brands holding.

Key Findings of The Study:

○ On the basis of raw material, the glass segment is expected to exhibit the fastest growth during the forecast period.
○ Depending on type, the commercial segment dominated the Electric Kettle Industry in 2021.
○ By distribution channel, the online sales channel segment is expected to register the highest CAGR of 4.8%.
○ Region wise, Europe is expected to be the fastest growing segment during the forecast period with a CAGR of 4.5%.

Reason to Buy:

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

Related Reports:

○ Electric Dryer Market by Manufacturer, Region, Type and Application Forecast to 2021-2030
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Source: https://www.alliedmarketresearch.com/press-release/electric-kettle-market.html

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Insect Repellent Market Size is Booming Across the Globe and Witness Huge Growth by Key Players to 2026

According to a new report published by Allied Market Research, titled, “Insect Repellent Market by Insect Type and Product Type: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global insect repellent market is expected to generate $ 9,615.7 million by 2026, growing at a CAGR of 6.8% from 2019 to 2026. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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Increase in consumer awareness about insect-borne diseases and different government initiatives for lowering down the ill-effects of insectsdrive the growth of the global insect repellent market. However, availability of toxic chemicals including DEETin mosquito repellent products restrains the market growth. On the other hand, surge in demand for herb-based repellents and creation of commercial repellent products that include plant-based ingredients would offer new opportunities in the next few years.

The global temperature of the earth has continued to rise since past few years and is expected to increase more in the coming years, high temperature provides optimum conditions to the mosquitoes to breed and increases their level of activeness. Thus, impact of the rise in global warming would directly impact the growth of mosquito population which would ultimately lead to an increase in the penetration of products designed to repel them. The key market players have consistently engaged themselves into implementing effective marketing strategies aimed toward the promotion of various mosquito repellents. Companies have regularly involved themselves into spreading awareness amongst the people through various awareness campaigns and free sample distribution.

The global insect repellent market is classified on the basis of insect type into mosquito, bugs, fly repellent, and others. The mosquito segment dominated the market with the largest share in 2018 and is expected to exhibit significant growth during the insect repellent market forecast period. The rise in incidence of mosquito-borne diseases and global warming, which facilitates breeding of mosquitoes, are the prime factors that are expected to drive the market during forecast period. Other factors that drive the market are rising health awareness, government initiatives for mosquito control, and affordable cost of repellents. However, presence of toxic chemicals, such as DEET, in various mosquito repellent products cause ill effects on health, which are likely to restrain the growth of this market. Huge opportunities prevail for the global repellent market owing to the rise in demand for plant-based repellents and increasing penetration in untapped markets in rural regions.

A few companies such as Godrej targeted mothers to promote their sales for ‘Good Knight’ brand through advertising and creating a sense of fear in their minds related to their children getting infected with mosquito borne diseases. This has resulted into an increased sale of various products across the world to prevent diseases. The impact of these innovative marketing strategies are expected to continue to propel the demand for mosquito repellents in future.

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The top market players in the global insect repellent industry include Reckitt Benckiser Group, The Godrej Company, Dabur International, Johnson and Johnson, Spectrum Brands, Jyothi Labs, Swayer Ltd., Himalaya Herbals, Enesis Group, and Quantum Health.

Key Benefits for Insect Repellent Market:

○ This report provides a quantitative insect repellent market analysis of the current insect repellent market trends, estimations, and dynamics of the global insect repellent market size from 2019 to 2026 to identify the prevailing market opportunities.
○ The key countries in all the major regions are mapped on the basis of their market shares.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier buyer network.
○ A comprehensive analysis of factors that drive and restrict the growth of the market is provided in the report.
○ An in-depth analysis of the global market helps determine the prevailing market opportunities.
○ The report includes details of the analysis of the regional and global markets, key players, market insect repellent market segments, application areas, and growth strategies.

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Related Reports:

○ Flies Repellent Market Opportunities and Forecast Assessment, 2019–2026
○ Tick Repellent Market Analysis, Growth Opportunities and Forecast 2020-2027
○ Fly Traps Market is projected to reach $407.90 million by 2031

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Hyperlocal Services Market New Highs – Current Trends and Growth Drivers Along with Key Industry Players

Allied Market Research published a new report, titled, “The Hyperlocal Services Market Size was valued at $1,714.60 billion in 2020, and is estimated to reach $5,188.60 billion by 2030, growing at a CAGR of 14.9% from 2021 to 2030.” The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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Hyperlocal service refer to order services and goods by consumers within limited or well-defined geographic location, from where seller delivers goods in minimum time period. Hyperlocal service includes online delivery of goods such as food, grocery, and online services including personal care and growing, house cleaning, plumbing and lawn care. These delivery services are ordered form local services providers in nearby places, which results in decrease in delivery time and cost.

Growing smartphone user base and internet accessibility is majorly driving the growth of the Hyperlocal Services Market. The Hyperlocal Services Market is also being driven by changing lifestyle and willingness to adopt with technological changes. Furthermore, consumers are more including toward online purchasing owing to benefits associated such as time saving, discounts, and number of options to choose. Collectively, all these Hyperlocal Services Market Trends are favoring the growth of the market. The market is highly unorganized with numerous small localized players, which restrains the market. In addition, growth in consumer preference for premium services and brands, and penetration of the hyperlocal service even in remote areas are expected to drive the market.

According to the analysis of Hyperlocal Services Market Analysis, the market is segmented on the basis of type, nature, and region. By type, it is categorized into food ordering, grocery ordering, home utility service, logistic service providers, others. By nature, it is divided into goods delivery and utility services. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, Rest Of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of type, the food ordering segment was valued at $349.7 billion in 2020, and is projected to reach $1,178.2 billion by 2030, registering a CAGR of 16.1% from 2021 to 2030. This is majorly attributed to extensive promotion of the online food delivery platforms through discounts, referring awards, and TV and social media advertisements. Many companies are expanding their market share by applying various strategies such as merger, acquisitions, and partnership, which likely to boost the growth of the online food delivery market during the Hyperlocal Services Market Forecast period. For instance, Zomato, an Indian food delivery service company, acquired Indian penetration of Uber Eats for $350 million. This acquisition deal is expected to help Zomato to cover more than 50% of Hyperlocal Service Industry share in India.

Furthermore, increased utility of smartphones and its user base is projected to offer lucrative Hyperlocal Services Market Opportunities for offline services providers to use online platforms to boost their business. On the basis of region, Europe has gained significant market share in hyperlocal service in 2020 and is expected to continue its market holding during the forecast period. This was attributed to the presence of international brands in the region, and growing funding for the start-up business. Big giants in Europe have been consistently expanding their market share by acquiring hyperlocal service business, which further adds to the growth of the Europe Hyperlocal Services Market.

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Key findings of the study:

○ The Hyperlocal Services Market was valued at $1714.6 billion in 2020, and is estimated to reach $5188.6 billion by 2030, growing at a CAGR of 14.9% during the forecast period.
○ By type, the grocery ordering segment is estimated to witness the fastest growth, registering a CAGR of 17.5% during the forecast period.
○ In 2020, by nature, the goods delivery segment was valued at $714.0 billion in 2020 and it accounted for 41.6% of the global Hyperlocal Services Market Share.
○ In 2020, the U.S. was the most prominent market in North America, and is projected to reach $1,885.3 billion by 2030, growing at a CAGR of 13.7% during the forecast period.

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Cat Litter Market Valuation Worth $11,293.30 Million by 2030, Registering At a CAGR of 4.7% with Key Industry Players

According to a new report published by Allied Market Research, titled, “Cat Litter Market by Product, Raw Material and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031″. The cat litter market was valued at $7,212.80 million in 2020, and is estimated to reach $11,293.30 million by 2030, growing at a CAGR of 4.7% from 2021 to 2030. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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The growing number of cat owners around the world is likely to boost cat litter market growth. Most cat owners prefer not to let their cats out of the house for a variety of reasons, including human animosity and inclement weather. These variables are expected to drive the product demand during the forecast period. Product sales are being boosted by the growing trend of pet humanization as well as rise of the pet population in the U.S. As a result, growing pet expenditure will drive market growth.

The global cat litter market is segmented into product type, raw material, distribution channel, and region. By product type, the cat litter industry is classified into clumping and non-clumping. On the basis of raw material, it is fragmented into clay, silica, and others. Depending on distribution channel, it is categorized into hypermarkets/supermarkets, specialty pet stores, and online channels. Region wise, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the rest of Asia Pacific), and LAMEA (Brazil, Argentina, South Africa, and the rest of LAMEA).

On the basis of product type, the clumping segment accounted for the highest share in 2020. This is attributed to the fact that clumping litter is a popular and convenient choice among pet owners. Many people say that it makes cleaning up a lot easier. In addition, clumping litter comes in a variety of fragrances, granule sizes, and textures. The litter soon attaches to the waste, cupping around to form a barrier. It prevents waste from spreading throughout the litter box, keeping the kitty box fresher for longer.

Depending on raw material, the clay segment garnered the largest share of the global cat litter market share in 2020, and is expected to dominate the market throughout the forecast period. This is attributed to the fact that clay absorbs ample amount of water in a short time span, keeping the litter box dry and clean.

By distribution channel, the hypermarkets/supermarkets segment accounted for the highest share in 2020, as customers benefit from the availability of a wide choice of products, product discounts, sales representative assistance, and speedy checkouts at hypermarkets/supermarkets. Thus, these advantages are predicted to promote shopping at hypermarket/supermarket growth during the cat litter market forecast.

By Region, Asia-Pacific registered the highest growth in 2020, followed by Europe and North America. China and the U.S. were the most prominent countries accounting for a sizeable share in the global market.

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Key players in the cat litter market have relied on product launch as their key strategic move to stay relevant in the global market. The key players profiled in the report are Mars Inc., Nestle SA, Church & Dwight Co. Inc., The Clorox Company, Dr. Elsey’s, Oil-Dri Corporation of America, Pestell Pet Products, ZOLUX SAS, Cat Litter Company, and Healthy Pet.

Key Benefits For Stakeholders:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cat litter market analysis from 2020 to 2030 to identify the prevailing cat litter market opportunity.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the cat litter market segmentation assists to determine the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global cat litter market size.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

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○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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Wedding Services Market Size Hits $414.2 billion by 2030

The wedding services market was valued at $160.5 billion in 2020 and is estimated to reach $414.2 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030. The wedding services industry is composed of a numerous sub-group service institutions that work collectively to turn a wedding event planning in action. These wedding industry sub-groups comprise bakeries for the wedding cake, wedding invitations, jewelers for wedding rings, event photography and/or videography, event transportation, wedding planning services, wedding locations, formal wedding attire, banquet/reception locations, and catering.

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The wedding market is diverse worldwide, and there are numerous traditions and types that are involved in ceremonies between countries, ethnic groups, and cultures. These traditions are grounded on both the personal preferences of the parties involved and region. In addition, majority of wedding formalities involve the couple exchanging and reciting vows. In addition, the demand for wedding services depends upon the personal income of the couples and their families as well as customer preferences for their wedding celebration.

Online sales channel is now emerging as the one of the prominent sales channels in the retail sector. Many brands have now transitioned toward omni channel market approach. The online sales of wedding supplies has increased amidst the COVID-19 pandemic. The shift of consumer behavior toward buying their requirement online is expected to continue in future, owing to ease of selecting, purchasing, and getting doorstep delivery, which attracts consumers toward online channels. Another advantage of online channels is the near elimination of geographic boundaries. This convenience and increase in available options to choose from are attracting customers toward online channels, which is expected to serve as a lucrative opportunity for market expansion.

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The report is analyzed by booking type, which includes online booking and offline booking. The report further segments the market on the basis of planning type such as full planning service, partial planning services and day of coordination. Based on service type, the market is further classified into videography/photography services, catering services, decoration services, transport services, wedding planning services and others and On the basis of wedding type the market is bifurcated into destination wedding and local wedding. Furthermore, it includes revenue generated from the wedding services across North America, Europe, Asia-Pacific and LAMEA.

Some of the major players profiled for in the wedding services market analysis include Augusta Cole Events, Colin Cowie, David Stark, Fallon Carter, A Charming Fête, Nordic, Adventure Weddings, JZ Events, Lindsay, Landman, Eventures Asia (Bali), and BAQAA Glamour Weddings & Events.

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Key Benefits For Stakeholders

This report provides an in-depth analysis of the global wedding services market to identify the potential investment pockets.
It outlines the current trends and future scenarios to determine the overall market potential and gain a stronger market foothold.
It discusses the key drivers, restraints, and opportunities and their detailed impact analysis.
Quantitative analysis of the market from 2020 to 2030 is highlighted to recognize the financial competency of the market.
The Porter’s five forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

Key Market Segments

By Planning Type

Full Planning Services
Partial Planning Services
Day Of Coordination

By Service Type

Videography And Photography
Catering Services
Decoration Services
Transport Services
Wedding Planning Services
Others

By Type

Destination Wedding
Local Wedding

By Booking Type
Online Booking
Offline Booking

By Region

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
Italy
France
Spain
Russia
Turkey
Rest of Europe

Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific

LAMEA

Brazil
Argentina
South Africa
Saudi Arabia
Rest of LAMEA

Key Market Players

Augusta Cole Events
Colin Cowie
David Stark
Fallon Carter
A Charming Fête
Nordic Adventure Weddings
JZ Events
Lindsay Landman
Eventures Asia (Bali)
BAQAA Glamour Weddings and Events