Energy Bar Market Trends, Key Players, DROT, Analysis & Forecast Till 2028

The global energy bar market size was valued at $645.0 million in 2020, and is estimated to reach $1,010.9 million by 2028, registering a CAGR of 6.4% from 2021 to 2028. Energy bars are supplement bars that provide energy as well as nutritive value and food benefits. They contain carbohydrates, fats, and proteins, which help to provide immediate energy and are frequently used as a meal replacement. The protein and added carbohydrates in the bar can provide the energy one needs to get through workout or training. It also provides the post-workout nutrition the body requires to build new muscle tissue and repair any minor muscle tears that occurred during the workout.

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Depending on distribution channel, the specialty stores segment led the market in 2020. This is attributed to the fact that specialty stores offer options such as discounts and convenience of instant gratification. Region-wise, North America is expected to dominate the market. The growing demand for functional food, indulgence, meal replacement, and on-the-go snacking is driving the growth of the energy bar market in North America.

The prominent energy bar industry participants include Brighter Foods Ltd, Cliff Bar & Company, General Mills Inc, Kind LLC, McKee Foods Corporation, NuGo Nutrition, Premier Nutrition Inc, Probar LLC, Quest Nutrition, and Kellogg Company.

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The global energy bar market segmentation is done on the basis of type, nature, distribution channel, and region. On the basis of type, the market is categorized into protein bar, nutrition bar, cereal bar, and fiber bar. As per nature, it is divided into organic and conventional. According to distribution channel, it is fragmented into hypermarkets & supermarkets, convenience stores, specialty stores, and online sales channel.

Key Benefits of the Report:

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global energy bar market from 2021 to 2028 to identify the prevailing market 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 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. 
  • The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
  • The report includes analysis of the regional as well as the global market, key players, market segments, application areas, and growth strategies.

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About Us

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

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

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Graphene Market Growth and Prospects for Technological Advancement 2020 to 2030

According to the report published by Allied Market Research, the Graphene Market by Type (Mono-layer and Bi-layer Graphene, Few Layer Graphene, Graphene Oxide, Graphene Nano Platelets), by Application (RFID, Composites, Sensors, Research and Development, Energy storage, Functional Ink, Polymer Additives, Tire, Coatings, Others), and Region: Global Opportunity Analysis and Industry Forecast, 2020-2030.  

The global graphene market generated $87.5 million in 2019, and is expected to reach $876.8 million by 2027, witnessing a CAGR of 40.2% from 2020 to 2027. The report provides a detailed analysis of changing market dynamics, top investment pockets, key segments, competitive landscape, value chain, and regional scenario. 

The surge in manufacturers of graphene, rise in demand for electronics applications, and utilization of composites & coatings drive the growth of the global graphene market. However, fatal effects on the environment restrain the market growth. On the other hand, increase in R&D activities across the globe and large-scale production using renewable sources offer opportunities in the next few years. 

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Leading players of the global graphene market analyzed in the research include ACS Material LLC, CVD Equipment Corporation, Bluestone Global Tech, Graphenea S.A., Graphene Nanochem PLC, Haydale Limited, G6 Materials, Vorbrck Materials, Nanotek Instruments Inc., and XG Sciences. 

Covid-19 Scenario: 

  • Production activities of graphene have been stopped due to lockdown across many countries. Moreover, supply chain in the chemical sector has been disrupted up to a major extent.     
  • The demand has been decreased considerably from the automotive industry as utilization of composites, batteries, and others have been hindered. However, the demand would surge steadily as manufacturing plants start day-to-day activities. 

The report offers detailed segmentation of the global graphene industry based on type, application, and region. 

By type, the graphene nano platelets segment accounted for more than three-fifths of the total market share in 2019, and is projected to maintain its lead position during the forecast period. However, the mono-layer & bi-layer graphene segment is expected to grow at the fastest CAGR of 42.0% from 2020 to 2027. 

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By application, the energy storage segment held the highest share in 2019, accounting for nearly one-third of the global grapheme market, and is projected to maintain its leadership status throughout the forecast period. However, the composites segment is expected to witness the highest CAGR of 41.2% from 2020 to 2027. 

Based on region, Asia-Pacific contributed to the highest market share in 2019, accounting for nearly two-fifths of the global market, and is estimated to maintain its dominance in terms of revenue by 2027. Moreover, this segment is projected to portray the fastest CAGR of 40.9% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA. 

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Graphene Composite Market 

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

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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Plasticizers Market 2023 | Growing Demand, Size and Business Outlook by 2030

Allied Market Research published a report, titled, ”Plasticizers Market by Type (Phthalates, Terephthalates, Trimellitates, Epoxides, Phosphates, Sebacates, Extenders, Aliphatic Dibasic Esters, and Others) and Application (Flooring & Wall, Film & Sheet Coverings, Wires & Cables, Coated Fabrics, Consumer Goods, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” The global plasticizers industry was estimated at $14.7 billion in 2020, and is anticipated to hit $22.0 billion by 2030, registering a CAGR of 4.1% from 2021 to 2030.  

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Drivers, restraints, and opportunities- 

Increase in demand for flexible PVC, growing use of HMW phthalates & non-phthalates, and developments in the packaging industry drive the growth of the global plasticizers market. On the other hand, toxicity of PVC and stringent government regulations on phthalates restrain the growth to some extent. However, ongoing research on bio-based plasticizers and surge in demand for automotive across the globe are expected to create lucrative opportunities in the industry. 

Key players in the industry- 

  • Daelim Industrial Co. Ltd. 
  • Dow Chemical Company 
  • LG Chem Ltd. 
  • Evonik Industries AG 
  • BASF SE 
  • UPC Group 
  • ExxonMobil Chemical 
  • Eastman Chemical Company 
  • Ineos Group 
  • Arkema S.A. 

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Covid-19 scenario- 

  • The outbreak of the pandemic gave way to disruptions in the industrial activities, which impacted the global plasticizers market negatively. The distorted supply chain aggravated the situation even more. 
  • Nevertheless, as the global situation is getting better, the market is projected to get back on trail soon. 

The phthalates segment to dominate by 2030- 

Based on type, the phthalates segment accounted for more than half of the global plasticizers market share in 2020, and is anticipated to rule the roost by 2030. This is owing to their high-performance properties such as strong solvent, low transition temperature, low volatility, low diffusion, stability, and flame retardance. The epoxides segment, however, would cite the fastest CAGR of 4.5% throughout the forecast period. 

The wires and cables segment to maintain the dominant share- 

Based on application, the wires and cables segment held around one-fifth of the global plasticizers market revenue in 2020, and is expected to lead the trail by 2030. Growing adoption of electronic devices in the developing countries fuels the growth of the segment. The flooring & walls segment, on the other hand, would manifest the fastest CAGR of 4.6% from 2020 to 2030. 

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

Based on region, Asia-Pacific, followed by Europe and North America, held the major share in 2020, generating more than three-fifths of the global plasticizers market. The same region would also grow at the fastest CAGR of 4.7% by 2030. This is attributed to the fact that China is the leading country in terms of demand and commercialization of plasticizers. 

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About Us 

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

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

Contact: 

David Correa 
United States 

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Corporation Trust Center, 

Wilmington, New Castle, 

Delaware 19801 USA. 

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Toll Free: +1-800-792-5285 

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Baby Monitor Market to Reach $1.9 Bn, Globally, by 2027 at 5.4% CAGR ; Trends, Productivity, Demands & Supply

According to a new report published by Allied Market Research titled, “Global Baby Monitor Market by Product Type, Connectivity, and Distribution Channel: Global Opportunities and Forecasts, 2020-2027,”The baby monitor market size was valued at $1.2 billion in 2019, and is projected to reach $1.9 billion by 2027, growing at a CAGR of 5.4% from 2020 to 2027. The global baby monitor market is expected to grow at a CAGR of 5.4% during forecast period. In 2019, North America accounted for the largest share of around 63.2%, owing to higher per-capita spending on baby care products and prevalence of nuclear family culture. However, emerging countries in Asia, such as China and India, would witness increase in demand for baby monitors during the forecast period ,owing to increase in awareness, rise in number of employed parents, and growth in disposable income.

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The growth in value sales for baby monitors is attributable to surge in demand for innovative products in baby monitor category, which facilitate better results. Thus, increase in willingness of customers for different types of monitors is expected to fuel the baby monitor market demand. The digital surveill interindustry has been evolving in terms of innovations and demand. Manufacturers are focusing on key innovations that cater to the requirements of their target customers .Therefore, increase in awareness toward baby’s health and care has been witnessed among people residing in the developed as well as the developing countries .This has resulted in increased demand for various types of special monitors such as video surveillance monitors and smart monitors. Thus, baby monitors are gaining in creased traction among digital and electronic products manufacturers, which significantly drives the global baby monitor market growth.

Baby monitors have witnessed higher rate of penetration in North America and Europe. However, low availability has been observed for these products in some major parts of Asia-Pacific and LAMEA, which is attributable to low performing macro-economic factors such as internet penetration and aggressive marketing strategies by the manufacturers. Thus, lower penetration of such products limits the growth of the baby monitors market.

The global baby monitor market is segmented into audio and video on the basis of product type. Among the two types, video baby monitors accounted for a larger share of around 85.1% of the overall market in 2019and is expected to maintain this trend through out the forecast period, owing to increase in demand for high-end baby monitoring devices with smart monitoring features. This segment is anticipated to witness faster growth in the developed economies, and would account for 86.1% of the overall baby monitors market analysis by 2027.

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Based on the connectivity, the market has been segregated into wireless baby monitors & wired baby monitors. The segment of wireless baby monitors is expected to account for 92.9% of the overall market revenue by 2027, as these monitors offer greater portability and ease of connectivity, compared to the wired baby monitors. Moreover, the demand for wired baby monitors would gradually decrease in the future, as these are perceived to be unsecure for babies due to the sensor cord attached to them.

Key Findings Of The Study

Quantitative analysis of the current market trends, estimations, and dynamics of the global market for the period of 2020 to 2027 to identify the prevailing baby monitor market opportunity.

In 2019, North America was the highest revenue-generating market, owing to higher adoption of niche baby care products.

Western Europe has emerged to be the second largest market with Germany and U.K. accounting for the prominent baby monitor market share by value.

Video monitors have emerged to be the prominent segment due to increasing demand for high-end baby monitoring devices with smart monitoring features.

The Asia-Pacific region would witness the fastest growth during 2019-2027, owing to increase in adoption of high-end baby monitors in developing economies such as China and India

The prominent companies operating in the baby monitor industry include Samsung Electronics Co. Ltd., Dorel Industries, Inc., Angel care Monitors, Inc., LOREX Technology, Inc., VTech Holdings Ltd., ShenZhen Foscam Intelligent Technology Co. Ltd., Summer Infant, Inc., Koninklijke Philips N.V., Nest Labs, Inc., and Withings, Inc.Currently, the baby monitor market is majorlydriven by growth strategies such as product launch and acquisition.Lorex Technology, Inc., Summer Infant Inc., Nest Labs, Inc., and VTech Holdings Ltd. have launched smart baby monitors in recent past to increase their customer base and expand their market penetration.

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Luxury Handbag Market Generating Revenue of $89.9 billion by 2026

Luxury handbag companies have been making several important mergers and acquisitions to expand their operations in both international and domestic market. Exposure to social media, urbanization, and increasing preference toward investments on personal luxury goods, which include bags as well, are some of the factors that have propelled the market growth

According to a new report published by Allied Market Research titled, “Luxury Handbag Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the luxury handbag market size was valued at $58.3 billion in 2018 and is expected to reach $89.9 billion by 2026, registering a CAGR of 5.6% from 2019 to 2026. In 2017, Europe accounted for nearly 35.0% share of the luxury handbag market.

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Emerging economies, especially in Asia-Pacific, such as India, China, Indonesia, and the Philippines are progressively spending on luxury cosmetic products, owing to increase in disposable income. Consumers in Hong Kong aged 30 to 49 have the highest disposable income and thus, are the biggest buyers of luxury products in the country. Similarly, in India, factors such as emergence of young populace, increase in disposable income, rise in number of working women, and surge in affordability of luxury products are expected to drive the growth of the market. The demand for luxury brands and specialized products is on the rise as Indian consumers gain additional acquaintances with global media and travel more. Several international luxury brands such as Gucci and Louis Vuitton are present in the country for numerous years.

Furthermore, consumers in Singapore are image conscious and hence, place a high priority on personal accessories. For this reason, international handbag brands that combine revolutionary design with ease of use, continue to dominate the market. Furthermore, consumers in New Zealand, who reside in urban centers, boost increase in disposable income alongside easy accessibility to handbags through retail outlets. Moreover, departmental stores generally specialize in luxury brands and hire assistants to offer advice to consumers. This direct selling approach appeals consumers in the region and boosts the sales of luxury products. Thereby, the market for luxury handbag is witnessing considerable growth in regions such as India, China, and New Zealand.

Multiple taxes such as local tax, import duty, high internal shipment cost, and trade margins cumulatively increase the prices of the imported luxury handbags. Accounting these factors, price of such products for buyers gets extremely high and hence, pricing becomes a major threat for luxury handbags. In countries such as India, where consumers are very price-sensitive, many luxury brands have launched products in smaller quantities to make them affordable. The trade war between the two biggest luxury markets, namely, the U.S. and China, hampers the cosmetic products market since heavy tariffs are levied by either countries on the goods imported. This may especially cause risk to the American luxury brands since the new tariffs may shift the focus of Chinese consumers toward their domestic brands or Korean brands. The fierce trade war between the two major economies is expected to hamper the growth of the luxury market in other massive regions such as Asia.

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Premiumization has facilitated a bridge between desirability of luxury experience and necessity of mass market. As a result, it plays a key role in the overall luxury handbag market growth. Currently, customers seek for superior quality and design when it comes to using any kind of consumer good products, including handbag irrespective of its high-end price tags. This results in increase in demand for premium handbag brands.
Most of the developed countries have witnessed surging demand for luxury handbags. This is attributable to the rise in per capita income of target customers, coupled with extended product offerings of luxury handbag manufacturers. Thus, surge in demand for various luxury products triggers growth of global luxury handbag market.

Endorsement of handbags by celebrities is a major driver of the global luxury handbag market growth. Influence of celebrity promotions of handbag has shown positive growth in the overall market in terms of value sales. Celebrity marketed luxury sales have increased significantly, in terms of value, over past five years, specifically in China, Germany, the U.S. and the UK. Hence, celebrity branding and endorsement provides an avenue for the growth of the global luxury handbag market in terms of value sales.

Key Findings of the Study

In 2018, by type , the handbag segment accounted for around higher market share, growing at a CAGR of 5.80% from 2019 to 2026.
In 2018, by distribution channel, the specialty stores segment accounted for higher luxury handbag market share.
In 2018, by region, Europe accounted for a higher value luxury handbag market share.

Key players profiled for luxury handbag industry include LVMH, Furla SpA, Longchamp, Luxottica Group, Mulberry Group, Vera Bradley, Guccio Gucci S.p.A, Samsonite International S.A./Tumi brand, Valentino S.p.A., and ZV France SAS

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FREQUENTLY ASKED QUESTIONS?
Q1. What was the size of the Luxury Handbag Market in 2018?
Q2. How much will the Luxury Handbag Market be worth in the future?
Q3. At what CAGR is the Luxury Handbag Market projected to grow in the forecast period (2019-2026)?
Q4. Which is the key factor driving the Luxury Handbag Market?
Q5. What are the segments of Luxury Handbag Market?

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Coffee Maker Market Trends to Witness Astonishing Growth With projected to reach $1,370.82 million by 2019 to 2027

 According to a new report published by Allied Market Research, titled, “Coffee Maker Market by Type, End Use and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The global coffee maker market size was valued at $3.8 billion in 2019, and is anticipated to reach $5.1 billion by 2027, with a CAGR of 6.30% during the forecast period 2021 to 2027. The market is expected to exhibit an incremental revenue opportunity of $1,370.82 million from 2019 to 2027. The market for coffee maker comprises drip, steam, capsule, and other coffee machine.

The coffee industry has been evolving in terms of innovations, new launches, and demand. Manufacturers are focusing on key innovations that cater to the requirements of the large consumer base. Furthermore, increase in awareness toward health benefits such as reduced risk of type 2 diabetes, liver cancer and liver diseases, and protection against heart failure is expected to result in high consumption of coffee. Thus, this has resulted in increased demand for various types of coffee maker products in emerging nations.

Furthermore, increase has been witnessed in the number of netizens along with rise in internet penetration. Taking this into consideration, most of the key players in the market strategize on promoting their products on various social media platforms. Thus, through social media marketing strategy, the coffee maker market sights critical growth opportunity.

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Coffee consumption has witnessed higher rate of penetration in North America and Europe. However, low availability and lower consumption has been observed in some major parts of Asia-Pacific and LAMEA, which is attributable to low performing macro-economic factors such as low internet penetration and insufficient marketing strategies by manufacturers. Thus, lower penetration of such products limits the coffee maker market growth. In addition, higher maintenance cost of the machine restrains the market growth.

According to the coffee maker market analysis, the market is segmented on the basis of type, end use, sales channel and region. Based on type, the coffee maker market is categorized into drip coffee machine, steam coffee machine, capsule coffee machine, and others. Drip coffee machine is widely used in café and restaurant industry. The drip coffee machine segment was the highest contributor to the market, with $1,541.40 million in 2019, and is estimated to reach $1,977.32 million by 2027, at a CAGR of 5.5% during the forecast period. The manufacturers are launching drip machines with advance technologies features such as these machines can be accessed through smartphone or devices, which is likely to propel the growth of the segment.

On the basis of end use, the commercial segment held a significant share of 65.7% in the coffee maker industry in 2019. This is attributed to increase in number of cafes and restaurants in commercial complexes across the globe. Moreover, rapidly growing corporate sector is expected to fuel the demand for coffee machine in the market.

On the basis of sales channel, the offline segment dominated the market in 2019, accounting for 61.7% of the share, and is expected to retain its dominance throughout the 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, among others.

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Region wise, Europe was the prominent market in 2019, garnering maximum share, owing to high consumption of coffee in majority of the European countries, including Germany, Italy, France, and Spain. Furthermore, consumers in the region are attracted by new varieties of the coffee and its taste, which drives the market growth. Furthermore, Europe is expected to witness CAGR of 5.70%, owing to health benefits offered by coffee.

The key players profiled in this report include De’Longhi Appliances S.r.l, Electrolux, Koninklijke Philips N.V, Siemens AG, BSH Home Appliances Corporation, Newell Brands, Breville USA, Inc, GROUP SEB, Whirlpool, and Nestlé Nespresso. The key players provide current coffee maker market trends, financial statement, and products development.

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Key findings of the study

The global coffee maker market was valued at $3.8 billion in 2019 and is anticipated to reach $5.1 billion by 2027, with a CAGR of 6.30% during the forecast period.
By type, the drip coffee machine segment is estimated to witness the fastest growth, registering a CAGR of 5.50% during the forecast period.
By end use, the commercial segment held the highest share, accounting for 65.7% of the market share.
By sales channel, the offline segment held the highest share, accounting for 61.7% of the global coffee maker market share.
In 2019, Europe was the most prominent market and is expected to grow at a significant CAGR throughout the coffee maker market forecast period.

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The research provides answers to the following key questions:

1️⃣ What is the estimated growth rate of the market for the forecast period 2021-2027?
2️⃣ What will be the market size during the estimated period?
3️⃣ What are the key driving forces responsible for shaping the fate of the Coffee Maker Market during the forecast period?
4️⃣ Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Coffee Maker Market?
5️⃣ What are the prominent market trends influencing the development of the Coffee Maker Market across different regions?
6️⃣ What are the major threats and challenges likely to act as a barrier to the growth of the Coffee Maker Market?
7️⃣ What are the major opportunities the market leaders can rely on to gain success and profitability?

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Sexual Wellness Market Trend to Eyewitness Huge Growth by 2031 | AMR

According to a new report published by Allied Market Research, titled, “Sexual Wellness Market by Product, End Users, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2027,” The global sexual wellness market is expected to reach $ 108,320.0 million by 2027 at a CAGR of 4.6% from 2021 to 2027.

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

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

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

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On the basis of product, the female contraceptives segment was valued at $23,773.9 million in 2019, and is projected to reach $35,024.7 million by 2027, registering a CAGR of 4.8% from 2021 to 2027. This is majorly attributed to the growth in awareness regarding sexually transmitted infections (STIs), unwanted pregnancies, and increase in adoption of female contraceptive devices especially in developed countries such as the U.S., Japan, and Germany.

On the basis of end user, the men segment was valued at $33,631.2 million in 2019, and is expected to reach $48,310.7 million by 2027, registering a CAGR of 4.5% from 2021 to 2027. In recent years, male masturbators, dick rings, and lubricants have gained significant popularity among men, owing to benefits associated such as painless sex, high sexual satisfaction, and double sexual stamina. In addition, growth in number of viewers for sex movies and pornography is likely to create sex fantasies among men, which further motivates them to use sex toys and condoms to enhance their sexual life, thus, all these attributes are surging the sexual wellness market demand.

On the basis of distribution channel, the online stores segment is estimated to reach $33,549.0 million by 2027, at a CAGR of 5.0%. This is majorly attributed to the growth in internet users to buy various sexual wellness product including sex toys, female contraceptives, and male condoms, which is anticipated to favor the growth of the product market through the online stores segment. Furthermore, online stores offer privacy to shoppers, discounts, and a number of options, online stores which boosts the growth of the online stores segment. Rise in number of internet users from emerging countries such as China and India is expected to increase the number of online store shoppers, which further adds to the growth of the product market. For instance, according to Indian Brand Equity Foundation, in India, there were 445.96 million internet users in 2017 and the number is expected to increase up to 829 million by 2021.

The players in the product market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Technological up-gradation in manufacturing and product development are the sexual wellness market opportunity in front of the manufacturers and distributors. The major key players operates in sexual wellness industry are Church & Dwight Co., Inc., Reckitt Benckiser Group Plc, Doc Johnson Enterprises, Karex Berhad, TENGA Co., Ltd., Hot Octopuss, Caya, California Exotic Novelties LLC, Bijoux Indiscrets, and Adam & Eve Stores.

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Key findings of the study

The sexual wellness market size was valued at $74,770.00 million in 2019, and is estimated to reach $108,320.00 million by 2027, growing at a CAGR of 4.6% during the forecast period.

By product, the lubricants & sprays segment is estimated to witness the fastest growth, registering a CAGR of 6.2% during the forecast period.

In 2019, by end user, the men segment was valued at $33,631.2 million and it accounted for 45.0% of the global sexual wellness market share.

In 2019, the U.S. was the most prominent market in North America, and is projected to reach $20,584.80 million by 2027, growing at a CAGR of 3.80% during the forecast period.

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Action Figure Toys Market Size Worth USD 15.3 Billion By 2031 | Growth Rate (CAGR) of 5.3%   

According to a new report published by Allied Market Research, titled, “Action Figure Toys Market,” The action figure toys market was valued at $9 billion in 2021, and is estimated to reach $15.3 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. 

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The reason for the popularity of action figure toys is that it is a highly competitive market. As a result, there are numerous companies that manufacture these toys, and each one is competing to gain a stronger foothold in the market. This means that prices are kept low due to which the customers are benefitted as they can get these items at affordable rates. These products are sold all over the world and are in high demand. Hence, there is plenty of scope for expansion in this market. Moreover, people all over the world enjoy purchasing and collecting action figure toys which is expected to boost the growth of the market in the coming years. 

Engaged players in the industry are striving to make more environment-conscious decisions about their product portfolio, especially in terms of action figure toy packaging. It includes window box packaging, carded bubble packaging, PVC packaging, and tube packaging. The players are focusing on minimalistic usage of plastic in their products resulting in the action figure toys market trends. A plethora of initiatives has been launched in the past few years ranging from adopting recycled packaging materials and minimal packaging to adopting bio-based plastics instead of their petroleum counterpart. Furthermore, the actual figure is made of a more durable plastic resin, such as acrylonitrile butadiene styrene (ABS). Softer plastics and nylon are appropriate for costume components such as body suits, capes, and face masks. To decorate the figure, acrylic paints are used in a variety of colors. Miniature electronic components that provide light and sound effects may be found in more elaborate toys. 

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The global action figure toys industry has been impacted profoundly amidst the outbreak of the coronavirus. The outbreak was first witnessed in China resulting in a lockdown and the ceasing of production activities across the world. The demand for toys is expected to slightly taper globally, owing to supply chain disruptions and the closure of playgroup schools, kids’ play centers, and entertainment across the world. 

The global action figure toys market is segmented into material type, age group, gender, sales channel, and region. By material type, the market is classified into plastic-based, silicon-based, and others. By age group, it is studied across up to 5 years, 5 to 10 years, and above 10 years. By gender, it is distributed into boys-related, girls-related, and neutral. By sales channel, the market is divided into hypermarket/supermarkets, specialty stores, departmental stores, online channels, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Some of the key players profiled in the action figure toys market analysis include Hasbro Inc., Mattel Inc., LEGO System A/S, Spin Master, Bandai Namco Entertainment Inc, McFarlane Toys, National Entertainment Collectibles Association, Hot Toys Limited, Square Enix, and Kotobukiya. 

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Key findings 

  • Region-wise action figure toys market size is anticipated to grow in Asia-Pacific at a robust CAGR of 10.2% during the forecast period. 
  • By material type, the plastic-based action figure toys led in terms of market share in 2021, and are expected to gain market share in the action figure toys market forecast period. 
  • As per gender, the boys-related action figure toys market share is leading in terms of market share and is predicted to dominate the same in the coming years. 
  • Depending on age group, the 5 to 10 years segment accounted for about two-fi share of the action figure toys market in 2021, and is poised to grow at the highest CAGR during the forecast period. 
  • On the basis of sales channel, action figure toys market growth in the online channels segment is expected to gain market share in the coming years and is estimated to grow at a CAGR of 5.9% during the forecast period. 

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Related Reports: 

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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 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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Disaster Recovery-as-a-Service Market Size Surges Amid Rising Business Continuity Concerns | Estimated to Exceed USD 60.4 Billion by 2031

The Disaster Recovery-as-a-Service Market was assessed at $6.5 billion in 2021 and is anticipated to increase to $60.4 billion by 2031, with a compound annual growth rate (CAGR) of 23.9% from 2022 to 2031.

Disaster Recovery-as-a-Service Market

The market for disaster recovery as a service is expanding quickly since it is a crucial component for ensuring company continuity. In the event of natural or man-made disasters including hurricanes, earthquakes, wildfires, power outages, and cyberattacks, disaster recovery as a service supports the organization. A business can back up its data and IT infrastructure using the cloud computing service model known as “Disaster Recovery-as-a-Service” on a different company’s cloud computing platform.

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The Disaster Recovery-as-a-Service (DRaaS) market is witnessing transformative trends driven by the growing importance of data protection, the shift towards cloud-based solutions, and the need for enhanced business continuity strategies. One significant trend is the adoption of hybrid DRaaS solutions. Organizations are leveraging a combination of on-premises infrastructure and cloud resources to create flexible and resilient disaster recovery environments that can adapt to changing business needs.

Moreover, the rise of ransomware attacks and cyber threats is reshaping the DRaaS landscape. As cyber incidents continue to pose significant risks to data and operations, DRaaS solutions are evolving to include cybersecurity features such as threat detection, data encryption, and rapid recovery protocols. This trend addresses the critical requirement of safeguarding business data against evolving cyber risks.

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Multi-cloud strategies are also gaining traction in the DRaaS market. Organizations are utilizing multiple cloud providers to ensure redundancy and mitigate the risk of vendor lock-in. This approach enables seamless failover between cloud platforms, enhancing the availability and reliability of disaster recovery processes.

Additionally, proactive testing and automation are emerging as key trends. DRaaS solutions are incorporating automated testing processes that simulate disaster scenarios, ensuring that recovery procedures are effective and reliable when needed. This trend minimizes downtime and reduces the likelihood of errors during actual recovery events.

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The global disaster recovery-as-a-service market analysis is segmented based on operating model, service type, deployment mode, organization size, end-use industry, and region. By operating model, the market is classified into managed DRaaS, assisted DRaaS, and self-service DRaaS. By service type, the market is segmented into real-time replication, backup & restore, data protection, and others. By deployment mode, the market is divided into public cloud and private cloud. By organization size, the market is divided into large enterprise and small & medium-sized enterprises. By end-use industry, the market is analyzed across banking, financial services, and insurance (BFSI), IT & telecommunication, government & public sector, healthcare, retail & consumer goods, media & entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the disaster recovery-as-a-service market report include IBM Corporation, Axcient, Sunguard, Amazon Web Services, Inc., Cable & Wireless Communications Limited., TierPoint, LLC., Microsoft Corporation, VMware Inc., NTT Communications Corporation, and Rackspace Technology.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Yoga Mat Market Expected to Reach $23.2 Billion by 2026| Aurorae Yoga, Eupromed, Hugger Mugger

According to a new report published by Allied Market Research, titled, “Yoga mat Market by Material, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018–2026,” The global yoga mat market size was at $13.3 billion in 2018, and is anticipated to reach $23.2 billion by 2026, with a CAGR of 7.1% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $9.9 billion from 2018 to 2026. Yoga has been practiced by more than 300 million practitioners globally. Yoga practice involves postures, exercises, and meditations, which are considered to be healthy for body and enhances peace of mind. Furthermore, yoga is practiced for benefits such as muscle toning & gaining stamina, flexibility, and strength. Thus, increase in number of yoga practitioners augments the yoga mat market demand , as they provide enhanced comfort in practicing various postures and exercises. Yoga mat is available in different materials, colors, and shapes, which further drives the growth of the market.

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The yoga mat market growth is propelled by alarming surge in incidence of obesity and health-related diseases. In addition, consumers are increasingly following fitness practices such as yoga and are engaged in purchasing accessories for the same such as yoga mat, blocks, and yoga pants, which boost the growth of the global market. Furthermore, governments of various countries and yoga & fitness clubs have been actively engaged in promoting yoga worldwide, which has resulted in increased awareness of benefits of yoga globally. For instance, the Indian Prime Minister Narendra Modi proposed the idea of International Yoga Day at United Nations General Assembly (UNGA) in 2014. This encouraged people worldwide to practice and get involved in yoga and Pilates. Moreover, in 2016, the Indian Prime Minister asked his ministers to make Yoga a mass movement. All these factors collectively are anticipated to increase the number of yoga practitioners, which, in turn, will propel the demand for yoga mats, thereby driving the growth of the global market. 

The yoga mat market is segmented into material, end user, distribution channel, and region. By material, the market is categorized into polyvinyl chloride (PVC), thermoplastic elastomers (TPE), rubber, cotton/jute, and others. Among these, PVC yoga mat are the most widely used among consumers, owing to their cost-effectiveness and easy availability in different sizes, shapes, and colors in all retail stores. The PVC segment was valued at $4.9 billion, and is expected to grow with a CAGR of 6.7% from 2019 to 2026, to reach $8.2 billion by 2026. However, the cotton/jute segment is estimated to grow at the highest rate during the forecast period, owing to rise in demand for yoga mats fabricated from biodegradable materials.

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On the basis of end user, the households segment held a significant share in the global market in 2018. However, the yoga & fitness clubs segment is expected to grow at highest CAGR, owing to inclination of consumers toward joining professional yoga centers and fitness clubs coupled with increase in promotional campaigns by yoga & fitness clubs. 

On the basis of distribution channel, the market is categorized into supermarket/hypermarket, specialty stores, e-commerce, and others. The specialty stores segment led the yoga mat market in 2018, and is estimated reach $12.2 billion, registering a CAGR of 6.8% during the forecast period. However, the e-commerce segment is anticipated to grow at the highest rate in the near future, owing to increase in penetration of smartphones and rise in number of consumers seeking for convenient lifestyle. 

Region wise, the yoga mat industry is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). Asia-Pacific led the market for yoga mat in 2018, due to rise in concern of consumers toward obesity and health in countries such as India, China, Japan, and Australia. By country, the U.S. serves as the potential market attributed to presence of largest number of yoga practitioners in the country.  

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Key Findings of the Study:
  • By material, the cotton/jute segment is estimated to witness the fastest growth, registering a CAGR of 7.9% during the forecast period. 
  • Depending on end user, the household segment is expected to dominate the market for yoga mat, globally, holds 57.1% of share in the market. 
  • In 2018, by distribution channel, the specialty stores segment held the highest share, accounts 53.71% of the global yoga mat market share. 
  • In 2018, the U.S. was the most prominent market globally, and is expected to grow at a significant CAGR throughout the forecast period. 

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

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

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