A Market Place Research – Page 153

Duty-Free Liquor Market by Type, Size, Share, Demand and Forecast to 2030

According to a new report published by Allied Market Research, titled, “Duty-Free Liquor Market by Type, and Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” the duty-free liquor market size was valued at $13.7 billion in 2019, and is projected to reach $16.1 billion in 2027, registering a CAGR of 11.10% from 2021 to 2027. The duty-free liquor at airport, cruise liners, border, downtown, and hotel shops have become a favorite destination for travelers who like to shop before starting their journey. This is due to the elimination of local import tax or the duties implemented by the government bodies.

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Travel & tourism includes leisure tourism, business tourism, and others. The factors that promote the growth of the travel & tourism industry include changes in lifestyle, rise in tourism promotion, increase in number of passengers and frequent fliers, and others, which in turn are expected to fuel the growth of the market Therefore, these factors are expected to propel the growth of market in the near future.

Asia-Pacific has emerged as one of the largest growing and developing nation. Improvement in economic conditions in the region along with growth in disposable income are the key drivers of the market. Economic increase in several countries in LAMEA boosts the market growth. In addition, an increase in the number of millennial is projected to drive the growth of the duty-free liquor market. Therefore, the untapped regions in Asia-Pacific and LAMEA possess huge growth prospects in the coming years.

Global Key Players:

Brown-Forman,
Diageo,
Erdington,

Bacardi,
Heineken,
Glen Moray,
Accolade Wines,
Constellation Brands, Inc.,

REMY COINTREAU,
Pernod,
Ricard.

North America and Europe is among the most urbanized regions with nearly 81% and 80% urban population respectively. Africa and Asia have comparatively lower urban population shares, with 40% and 48% urban population, respectively. As per the WHO and other organizations, Africa and Asia are the major regions that are expected to witness rapid urbanization trend and are projected to account for 56% and 64% urbanization rate, respectively, by 2050. India and China are the two major countries with increasing urban population and potential market for duty-free liquor.

Based on type, the whiskey segment accounted for the maximum share in 2019, owing to increase in consumer base across the globe. Furthermore, whiskey is considered as a premium product and an indication of taste and sophistication. Furthermore, strong demand for Irish whiskey from the millennial population is providing revenue growth for whiskey segment. In addition, many people buy premium and expensive whiskey from duty-free liquor stores, not for the experience of drinking it, but for the status quo.

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Also, this duty-free liquor market segment is anticipated to grow with the highest CAGR of 12.2% during the forecast period. Depending on channel, the airport category garnered the highest duty-free liquor market share in 2019, due to the continuous growth in global aviation and air traffic. Also, rise in the tourism industry is one of the key factors for the growth of the duty-free liquor market. Furthermore, this segment is anticipated to witness the highest growth rate with a CAGR of 12.0% during the forecast period.

Based on region, Europe accounted for the highest revenue in 2019 owing to the wealthy tourists from the Middle East, China, the U.S., and Russia contributing a significant part in the market. Also, love for travel is experiencing an upward duty-free liquor market trends among Germans, which significantly contributes to the growth of the duty-free liquor market.

However covid-19 has adversely affected the duty free liquor market. People are restricted to stay at their homes to stop the spread of the diseases. Governments have been forced to introduce several restrictions and the international travels & flights are banned. Hence the duty-free liquor market demand has slowed down which hampered the sales of the liquor. 3. It is expected that the market of duty free liquor will improve after worldwide release of the lockdown situation due to COVID-19.

Asia-Pacific duty-free liquor market is anticipated to experience growth with the highest CAGR during the forecast period owing to improvement in living standards and rise in disposable income among consumers. Furthermore, expansion of affordable premium segment of liquor, cosmetics, and other products in tier-2 cities of Asia-Pacific is estimated to drive the market growth in this region.

Key Findings Of The Study

Based on region, European region has the maximum share in duty-free liquor market analysis in 2019.
Based on type, the whiskey category occupied the maximum share in market in 2019.
By channel, the airport category dominated the overall duty-free liquor market growth in 2019, and is expected to dominate the duty-free liquor market forecast.

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Table Top Games Market Expected to Reach $4.1 Billion by 2031| Hasbro Inc, NSF boardgames and puzzles, Australian Design Group

According to a new report published by Allied Market Research, titled, “Table Top Games Market,” The table top games market size was valued at $2.5 billion in 2021, and is estimated to reach $4.1 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

Tabletop game is a broad term that describes many different types and styles of games that are usually played on a flat surface. There are different types of table top games offered by key market players. Manufacturers also offer different types of miniatures for miniature wargames. war games Manufacturers are offering innovative and customized miniatures with metal and eco-friendly materials, which are durable and cost-effective.

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Consumers must have sufficient time and disposable income to play tabletop games for entertainment. A consumer that is working two jobs just to make ends meet is not likely to divert money from necessities or time from income-producing activities to tabletop games. Right now, the U.S. economy appears to be in a sweet spot for tabletop games; many consumers have enough time and money for some entertainment activities, but they are not so well-off that they can ignore the value of their entertainment choices.

New companies, starting from scratch have the very difficult task of educating consumers about their products and communicating reasons to buy. In the U.S., unlike in some other markets, novelty is not necessarily an asset in selling a tabletop game; there are too many entertainment choices with high odds of delivering a satisfying experience for consumers. Tabletop games from companies with a good reputation or created by people that have designed successful games in the past, and ones that are tied to a well-known license can all help overcome this barrier. However, for a new company, this barrier is often insurmountable. The lack of awareness about the different types of table top games is expected to hinder the growth of the table top games industry.

The market in Asia-Pacific offers lucrative growth opportunities for tabletop games market players. A large consumer base, along with the rise in disposable income, provides lucrative opportunities for market players. This region offers potential opportunities for market players to launch premium and interactive tabletop games with innovative miniatures. Therefore, manufacturers are now focusing on expanding their business in this region to increase their customer base and improve their geographical outreach which is expected to fuel the table top games market demand. Moreover, countries in Latin America, such as Brazil, are expected to bring in attractive opportunities during the forecast period owing to favorable government policies toward large-scale privatization, combating unfair competition is expected to fuel the table top games market growth.

According to the market analysis, the market is segmented into type, application, and region. On the basis of type, the market is divided into miniature wargames and role-playing games. On the basis of application, the market is divided into children, adults, family, and party. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

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On the basis oftype, role-playing games accounted for more than 50% of the table top games market share in terms of revenue in 2021. RPGs’ rich story and character development mechanics attract a particularly loyal gamer fanbase, who become part of the narrative by creating their unique characters and honing their skills to help their characters progress

On the basis of application, the adult segment led the market and accounted for 30% of the global table top games market in 2021 and is expected to maintain its dominance during the forecast period. The rising count of teenagers and adults interested in strategy and war-based table top games market trends is expected to propel the growth of the market in the upcoming years.

On the basis of region, Europe was the largest market in 2021 and had the highest market share of 34.4%. Companies operating in the Europe table top games market are offering innovative products to sustain in the competitive market. Publishers are launching new products to expand their business operations across different countries in this region and increase their customer base which is expected to create table top games market opportunity. High spending capabilities of individuals, owing to an increase in disposable income and economic stability are some of the major driving factors for the Europe table top market.

Some of the key players profiled in the table top games market analysis include Asmadi Games (U.S.), Bezier Games (U.S.), Fremont Die Consumer Products (U.S.), Games Workshop (Slovakia), Gibsons Games (UK), Goliath (Netherlands), Hasbro (U.S.), Iello Games (France), Indie Boards And Cards (U.S.), Mattel (U.S.), Ravensburger (Germany), and The Grey Fox Games (U.S.).

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Key findings of the study:

Based on type, the miniature wargames segment is expected to grow at a significant CAGR during the table top games market forecast period.
Based on application, the children segment is projected to witness the highest CAGR of 6.0%, in revenue terms, and hold largest share in table top games market size during the forecast period.
Based on country, the U.S. was the largest country, in terms of revenue generation for the table top games market in 2021.
Based on region, Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 6.2% from 2022 to 2031.

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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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Understanding the Importance of Synchronous Condenser Market in Power Systems

The synchronous condenser market size was valued at $568.9 million in 2020, and is projected to reach $751.0 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030.

A synchronous condenser, also known as a synchronous capacitor or synchronous compensator, is a type of electrical device used in power systems to provide reactive power support and voltage stabilization. It mimics the behavior of a synchronous generator without the primary function of mechanical power generation. Synchronous condensers help regulate voltage levels, improve power factor, and enhance the stability of the electrical grid.

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The key players operating and profiled in the synchronous condenser market report include ABB, Ltd., Andritz, Eaton Corporation Plc, Fuji Electric, General Electric, Ideal Electric Power Co., Mitsubishi Electric Corporation, Siemens Energy, Voith GmbH & Co. KGaA, and WEG Group. Other players operating in the synchronous condenser market are Toshiba Corporation, Brush Group, Sustainable Power Systems, Inc., Power Systems & Controls, Inc., Ansaldo Energia, and Modern Power Systems.

Synchronous condenser is the device used to generate or absorb reactive power as per the need for stabilization of electric utilities. It is an alternative to capacitor bank to correct the power factor in power grids. The installation of synchronous condensers in electric utilities and industrial applications is same as of large electric motors. During short circuits or fluctuating loads, the energy stored in the rotor of synchronous condensers is used to stabilize power system by compensating reactive power and correcting power factor of grid system.

Significant development of the end-use industries such as oil & gas, telecom, mining, and healthcare is fueling the growth of the synchronous condenser market, owing to rise in demand for reactive power to compensate lagging power factor created by inductive loads in the abovementioned industries. In addition, increase in demand for synchronous condenser for grid stabilization applications from electric utilities such as power generation plants, transmission, distribution, and other utilities in developing economies is driving the growth of the market, globally.

Depending on the type, the new segment garnered the highest synchronous condenser market share of about 78.6% in 2020, and is expected to maintain its dominance during the forecast period. This is attributed to rise in demand for reactive power compensation from electric utilities such as transmission system, power plants, and other industrial applications. In addition, advantages associated with synchronous condenser such as power factor correction, reactive power compensation, grid stability, and voltage regulation are anticipated to fuel the global synchronous condenser market growth of in the coming years.

On the basis of cooling type, the air-cooled segment acquired the largest share in 2020, in terms of revenue, and is expected to maintain its dominance during the forecast period. This is attributed to rise in demand for synchronous condensers from high-voltage DC system, wind/solar power generations, synchronous condenser upgrading, and other reactive power compensation applications in electric utilities. One of the major advantages with using air cooled system in synchronous condenser is simple operation and maintenance. This is further expected to fuel the market growth of this segment in the upcoming years.

On the basis of starting method, static frequency converter segment held the largest share in 2020, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to rapid expansion of heavy industries & projects such as dams, power plants, power grids, refineries, and mills. In addition, rise in hydropower projects across the globe act as the key driving force of the static frequency converter-based synchronous condenser in the coming years.

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On the basis of end user, the electric utilities segment garnered the largest share in 2020, in terms of revenue, and is expected to grow at a CAGR of 2.6%, owing to rise in demand for electricity & related products, which, in turn, fuels the demand for grid infrastructure. Moreover, rapid penetration of electric vehicles led to increase in charging stations, which acts as a key growth factor and creates the new opportunities for renewable power integration in charging station. The synchronous condenser can be used in these stations to improve power factor by absorbing or generating reactive power as per capacity and requirement in the station. This is further anticipated to propel the demand for synchronous condensers in upcoming years.

On the basis of reactive power rating, up to 100 MVAR segment dominated in 2020, in terms of revenue, and is expected to grow at a CAGR of 2.5%. This is attributed to rise in demand for power factor correction and reactive power compensation due to multiple inductive loads present in the industrial applications. In addition, increased short circuit Mega volt ampere (MVA), high response excitation system, high overload capability, prolonged service life, and enhanced reliability are the key advantages of using synchronous condenser in utility applications which is expected to drive the growth of the market during the forecast period.

Region wise, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Europe garnered the dominant share in 2020, and anticipated to maintain this synchronous condenser market trend during the forecast period. This is attributed to numerous factors such as presence of huge consumer base, rapid expansion of the renewable energy sector, high-voltage direct current (HVDC) systems, and the existence of key players in the region. Moreover, presence of the countries such as Germany, the UK, France and Spain is anticipated to contribute toward the growth of the synchronous condenser market in Europe.

COVID-19 impact on the market

Lockdown imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for synchronous condenser from these consumers. In addition, halt in building & construction of new electric utility infrastructures, renewable power plants, grid network, and other power plants, owing to unavailability of workers and increase in demand–supply gap are projected to hamper the market growth during the pandemic period. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the synchronous condenser market is expected to recover by the first quarter of 2021, as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.

Key Findings Of The Study

In 2020, the new segment accounted for about 78.6% of the share in the global synchronous condenser market, and is expected to maintain its dominance till the end of the synchronous condenser market forecast period.

In 2020, the air-cooled synchronous condenser segment is accounted for 55.7% market share, and is anticipated to grow at a rate of 2.5% in terms of revenue.

In 2020, the electrical utilities segment accounted for 85.7% market share, and is anticipated to grow at a rate of 2.6% in terms of revenue.

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Hydrogen-cooled is the rapidly growing segment in the global synchronous condenser market, and is expected to grow at a CAGR of 3.7% during 2021–2030.

Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 3.9%, throughout the forecast period.

In 2020, Europe dominated the global synchronous condenser market with more than 35.8% of the share, in terms of revenue.

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In-Flight Catering Service Market Size, Share, Analysis, Demand and Forecast

According to a new report published by Allied Market Research, titled, “Global In-Flight Catering Service Market by Aircraft Class, Flight Type, Food Type, and Region: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global in-flight catering service market size was valued at $18,081 million in 2018, and is expected to reach $24,113 million by 2026, growing at a CAGR of 3.66% from 2019 to 2026. The economy class segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period.

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North America held the leading position in the global in-flight catering service market size in 2018 and is expected to maintain its dominance in the future. The full-service segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period.

Inflight catering is a service provided by catering companies to air travelers during air travel. Inflight catering service is an important service offered by the airline company to the passengers to make unparalleled travel experience on board. Due to rise in competition in the airline industry and increase in number of passengers in-flight catering service is an important service to attract customer and increase their market share.

Global Key Players:

Gategroup,
Newrest Group International S.A.S,

LSG Sky Chefs, Do & Co,
Emirates Flight Catering,
SATS Limited,
Cathay Pacific Airways Limited,
Flying food Group LLC,

Saudi Airlines Catering Company,
Royal In-Flight Catering.

The global in-flight catering service market is projected to witness significant growth during the forecast period, owing to rise in number of passengers across the globe. According to analysis of International Air Transport Association (IATA), more than seven billion passengers are expected to opt for air travel by end of 2036, with a 3.6 % year-on-year growth. Air transportation companies are thriving to focus on increasing the quality of in-flight catering service in order to attract more passengers from a business development standpoint. This factor is expected to fuel the demand for various in-flight catering services, consequently driving the in-flight catering service market growth during the period of assessment. According to the IATA, the international and domestic air traffic across the global aviation industry has witnessed a significant surge since past few years that has led to increased operational profits and overall net profits of airlines. Moreover, the increase in number of individuals opting for air travel is expected to boost the demand for in-flight catering services, in turn fueling the growth of the in-flight catering market during the forecast period.

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The global in-flight catering service market is segmented based on aircraft class, flight type, and food type. Depending on aircraft class, the in-flight catering service market is classified into economy class, business class, and first class. The flight type segment comprises full service and low cost. Based on food type, the in-flight catering service market is classified into meals, bakery & confectionary, beverages, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, The Netherlands, Turkey, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, and rest of LAMEA).

Economy class was the highest revenue generator and is expected to witness a CAGR of 3.61% in-flight catering service market forecast, followed by first class segment at 3.39%.

Rise in investment in the development of airport infrastructure and development of aviation technology is expected to lower the air travel cost thus boosting the market growth. The Indian government is planning to invest US$1.83 billion for development of airport infrastructure along with aviation navigation services by 2026. The investment is aimed to develop Guwahati as an inter-regional hub and Agartala, Imphal, and Dibrugarh as intra-regional hubs. In addition, Indian aircraft Manufacture, Repair, and Overhaul (MRO) service providers are exempted completely from customs and countervailing duties. These will lower the air transportation prices and thus lead to untap huge growth opportunities within the country. In addition, Australian government has signed an open sky agreement with India government allowing airlines on either side to offer unlimited seats to six Indian metro cities and various Australian cities. Thus, helping in reduction of airline fares and boosting the market growth.

Europe was the second largest market in terms of revenue generation and is expected to register a CAGR of 2.91% during the forecast period. In North America, in-flight catering service has ceased expanding in recent years, however, in South America it has shown strong and continuous growth, particularly in Brazil and Peru. This is attributed to technological developments in South America. Moreover, rapid development in the Middle East, in terms of infrastructure and technology, drives the growth of the LAMEA in-flight catering service market. However, weak economies in Africa hamper the spending of consumers, which in turn restrains the market growth.

Key Findings of the In-Flight Catering Service Market:

North America is expected to lead the global in-flight catering service market, growing at the highest CAGR of 3.78%, in terms of revenue, from 2018 to 2026.
Based on aircraft class, the economy class segment occupied around 51% of in-flight catering service market share of the total market in 2018.
By flight type, the full service segment occupied a major share of the global market in 2018, in terms of revenue.

U.S. is the largest country, in terms of revenue generation, in the global in-flight catering service market, and is expected to grow at a CAGR of 3.49% from 2018 to 2026.
Based on food type, the meals segment occupied around 45% the market share of the total market in 2018.

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The Role of Government Policies in Shaping the Hydropower Generation Market

The global hydropower generation market was valued at $202.4 billion in 2019, and is projected to reach $317.8 billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.

Hydropower generation, also known as hydroelectric power generation, is the process of harnessing the energy of flowing water to generate electricity. It is one of the oldest and most widely used forms of renewable energy, providing a significant portion of the world’s electricity supply. Hydropower relies on the gravitational force of falling or flowing water to drive turbines, which convert the kinetic energy of the water into mechanical energy that is then transformed into electrical energy.

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Types of Hydropower Systems:

Run-of-the-River: In a run-of-the-river system, water from a river or stream is diverted to a turbine without significantly altering the natural flow or level of the watercourse. It’s suitable for areas with consistent flow and limited water storage.

Reservoir (Storage) Hydropower: In this system, a dam is constructed to create a reservoir, allowing control over the release of water. Water is released from the reservoir to generate electricity during periods of peak demand or when additional power is needed.

Pumped Storage: Pumped storage hydropower involves two reservoirs located at different elevations. During periods of low demand, excess electricity is used to pump water from the lower reservoir to the upper reservoir. When electricity demand is high, the stored water is released to generate power.

Asia-Pacific dominated the global hydropower generation market with around 49.2% of the market share in terms of revenue. In addition, it is also estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.2% from 2020 to 2027.

Key players operating in the global hydropower generation market include Andritz Hydro USA Inc., GE Energy, CPFL Energia S.A., Sinohydro Corporation, IHI Corporation, Alstom Hydro, China Hydroelectric Corporation, China Three Gorges Corporation, ABB Ltd, and Gerdau S.A.

The medium hydro power plant (1MW – 10MW) segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 30.5% from 2020 to 2027.

The large hydro power plant (above 10MW) segment dominated the global market hydropower generation with around 65.0% of the market share in terms of revenue.

Rise in demand for clean energy across the globe and to reduce the dependency on conventional fossil fuel such as coal to generate the electricity has led to set up various hydroelectric power projects across the globe.

Governments of various countries have imposed stringent environmental policies to reduce the carbon footprint.

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Advantages of Hydropower Generation:

Renewable and Sustainable: Hydropower relies on the water cycle, making it a renewable energy source.

Low Emissions: Hydropower produces minimal greenhouse gas emissions compared to fossil fuels.

Reliable and Predictable: The availability of water flow can be predictable, providing a stable source of energy.

Storage Capability: Reservoir-based systems offer energy storage capabilities, allowing for load balancing and grid stability.

Flexibility: Hydropower plants can quickly adjust output to match fluctuations in electricity demand.

Various developed and developing countries such as the U.S., China, and India have closed their coal power stations and have invested heavily to install new hydropower generation stations for the generation of renewable power to meet the growing energy demand.

The demand for new hydropower is expected to surge significantly across the globe during the forecast period.

Hydropower is a form of renewable energy that uses the water stored in dams, as well as flowing in rivers to create electricity in hydropower plants.

The falling water rotates blades of a turbine, which then spins a generator that converts the mechanical energy of the spinning turbine into electrical energy. Hydropower is a significant component of electricity production worldwide.

COVID-19 analysis:

COVID-19 has grown to be a global health threat, impacting a hundred and forty nations and triggering the World Health Organization (WHO) to declaring it as a worldwide pandemic.

Governments have taken severe confinement measures, including shutting down of various power generation infrastructure development programs.

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The construction of sanctioned and ongoing hydropower projects has been halted for indefinite period, which is expected to affect the growth of the market during the forecast period.

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Bioinformatics Market: Pioneering Insights into Data-Driven Life Sciences Solutions | CAGR of 13.4%

Bioinformatics is an interdisciplinary field that combines biology, computer science, and statistics to analyze and interpret biological data. It involves the development and application of computational tools, algorithms, and databases to gather, store, analyze, and visualize large amounts of biological information. Bioinformatics plays a crucial role in various areas of biological research, including genomics, proteomics, structural biology, and evolutionary biology.

♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
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In genomics, bioinformatics is used to study the structure, function, and evolution of genomes. It involves the analysis of DNA and RNA sequences to identify genes, predict protein structures, and understand genetic variations associated with diseases. Additionally, bioinformatics tools and databases aid in studying gene expression patterns and deciphering the complex networks of molecular interactions within cells.

Major market players covered in the report, such as –

Agilent Technologies, Inc.,

Biomax Informatics Ag,

Dnanexus, Inc.,

Genedata Ag,

Intrexon Bioinformatics Germany Gmbh,

Illumina, Inc.,

Perkinelmer, Inc.,

Qiagen N.V.,

Seven Bridges Genomics Inc., Thermo Fisher Scientific, Inc.

♦ 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟐𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @
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Key Benefits for Stakeholders –

• The report provides quantitative analysis of market segments, current trends, strategies and potential of Bioinformatics Market research to identify potential Bioinformatics Market opportunities in genetics.
• In-depth analysis of this sector helps identify current market opportunities.
• Market analysis and information related to key drivers, restraints and opportunities are provided.
• Porter’s Five Forces Analysis identifies the capabilities of buyers and suppliers to enable stakeholders to make profitable business decisions and strengthen the network of buyers.
• The largest countries in each region are listed according to their contribution to the global market.
• Focusing on market players makes benchmarking easier and provides a clear understanding of the current market situation.
• The report includes regional and global Bioinformatics Market analysis, key players, market segments, application areas and Market growth strategies.

Bioinformatics also contributes to the field of structural biology by using computational methods to determine and analyze three-dimensional protein structures. These structures provide insights into protein function and interactions, aiding in drug discovery and design.

Furthermore, bioinformatics enables the analysis of evolutionary relationships between species through the comparison of genetic sequences. This helps in reconstructing evolutionary trees, understanding genetic variations, and studying the impact of natural selection on species diversification.

In summary, bioinformatics is an indispensable field in modern biological research, providing powerful tools and methods to analyze and interpret vast amounts of biological data. Its applications span across multiple disciplines, supporting advancements in genomics, proteomics, structural biology, and evolutionary biology, and contributing to our understanding of living organisms and their complex systems.

♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 –
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Frequently Asked Questions?

Q1. What is the total market value of Bioinformatics Market report?

Q2. Which are the top companies holding the market share in Bioinformatics Market?

Q3. Which are the largest regions for this Market?

Q4. What is the leading technology of Bioinformatics Market?

Q5. What are the major drivers for this specific Market?

Q6. What are the upcoming key trends in the Bioinformatics Market report?

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 research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y 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.

Seafood Market Size, Share, Analysis, Demand and Forecast to 2030

According to a new report published by Allied Market Research, titled, “Seafood Market by Type, and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” The seafood market size was valued at $159,311.9 million in 2019, and is projected to reach $193,913.6 million by 2027, registering a CAGR of 2.5% from 2020 to 2027. The fish segment was the highest contributor to the market, with $100,187.2 million in 2019, and is estimated to reach $123,909.8 million by 2027, at a CAGR of 2.7% during the forecast period.

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Seafood is a low-calorie food, which is high in proteins, vitamins, minerals, and essential fatty acids, thereby offering numerous health benefits. The growth of the global seafood market is driven by increase in awareness about the health benefits associated with seafood. In addition, upsurge in population and extensive availability of different species of fish are expected to boost the demand for seafood during the forecast period. However, depletion of wild stock of fishes in seas act as the major restraint for the market. Conversely, rise in collaboration between manufacturers and food service providers is expected to provide potential growth opportunities for the global market. The global seafood market is segmented into type, application, and region.

Depending on type, the market is divided into fish, crustaceans, Mollusca, and others (roe, marine mammals, and medusozoa). The application covered in the study include retail, institutions, and food service. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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According to the seafood market analysis depending on type, the fish segment led the market in 2019. Non-shell fish is one of the most sought-after fishes for human consumption. The demand for fish is considerably high and has been growing, as more people are becoming aware of the beneficial micro and macronutrient profile of fish, which is a key factor contributing toward the growth of the global market. However, the Mollusca segment is expected to witness steady growth during the forecast period.

On the basis of seafood market forecast by application, the retail segment was the highest contributor the global seafood market share in 2019, and is expected to remain dominant throughout the forecast period. However, the food service segment is expected to grow at the highest CAGR of 2.8% in the near future.

Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Region wise, Asia-Pacific was the most prominent regional segment with the highest share, and is expected to retain its dominant position throughout the forecast period.

The Key Players:

Pacific Seafood
Kangamiut Seafood A/S
American Seafoods Company

Phillips Foods, Inc.
Trident Seafoods Corporation.
Marine Harvest ASA
Thai Union Group PCL
Lee Fishing Company

Leigh Fisheries

Key Findings Of The Study

By type, the fish segment dominated the global seafood market in 2019, and is expected to retain its dominance throughout the forecast period.
By application, the retail application segment accounted for highest share in the face mask market growth in 2019, and is projected to grow at a CAGR of 2.3% from 2020 to 2027.
By region, Asia-Pacific accounted for highest seafood market share in 2019, and is expected to grow at a CAGR of 2.7%.

Cheese Market – Cheese Market by Source, Type Product and Distribution Channel (Supermarket/Hypermarket, Specialty Store, Business to Business, and Others): Global Opportunity Analysis and Industry Forecast 2021-2030

Exploring the Key Drivers of Bioenergy Market Expansion

The bioenergy market size was valued at $102.5 billion in 2020, and is projected to reach $217.8 billion by 2030, growing at a CAGR of 7.6% from 2021 to 2030.

Bioenergy refers to energy derived from biomass, which is organic matter derived from living or recently living organisms. This renewable energy source harnesses the energy stored in biological materials to generate heat, electricity, or biofuels. Bioenergy plays a significant role in the global transition to more sustainable and low-carbon energy systems.

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The key players operating and profiled in the report include EnviTec Biogas AG, Babcock & Wilcox, Orsted A/S, Fortum Oyj, Hitachi Zosen Corporation, Pacific Bioenergy Corp, Royal Dutch Shell Plc, BP Plc, Enerkem, and MVV Energie AG.

Other players operating in the value chain of the global bioenergy market are POET, ADM, Ameresco, inc., Biomass Engineering Limited, A2A SPA, Drax Group, Enexor Energy, Green Plains, Inc., and others.

Europe is expected to grow at the fastest rate, registering a CAGR of 8.1%, throughout the forecast period.

Applications of bioenergy include heat & power generation, transportation as lubricants, biorefinery operations, aviation, marine, and manufacturing applications. Rise in awareness and regulations toward waste management significantly contributes toward growth of the market in the coming years.

There are several forms of bioenergy, each with its own processes and applications:

Biofuel Production:

Bioethanol: Bioethanol is a type of biofuel produced through the fermentation of sugar or starch crops, such as corn, sugarcane, or barley. It is commonly used as a transportation fuel or blended with gasoline.

Biodiesel: Biodiesel is produced from vegetable oils, animal fats, or recycled cooking oil through a process called transesterification. It can be used as an alternative to diesel fuel in diesel engines.

Biogas and Anaerobic Digestion:

Biogas: Biogas is produced through anaerobic digestion, a natural process where microorganisms break down organic materials in the absence of oxygen. The main component of biogas is methane, which can be used for heating, electricity generation, and as a vehicle fuel.

Anaerobic Digesters: Anaerobic digesters are facilities where organic waste materials, such as agricultural residues, food waste, and manure, are processed to produce biogas and nutrient-rich digestate.

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Solid Biomass:

Wood Energy: Wood and woody biomass can be burned directly for heating or converted into wood pellets or wood chips for use in biomass boilers and stoves.

Crop Residues and Agricultural Waste: Agricultural residues, such as crop stalks, husks, and straw, can be used as fuel for heating and electricity generation.

Significant development of end-use industries such as manufacturing, building & construction, transportation, and power generation fuels growth of the bioenergy market during the forecast period.

Increase in demand for biomass and biofuels for efficient heat generation in Europe and North America is expected to propel growth of the market during the forecast period.

Some of the disadvantages of bioenergy such as high cost & space for plant setup, less efficiency of ethanol as compared to gasoline, and risk of deforestation in the future are the key factors expected to hamper growth of the global market in the upcoming years.

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Heat generation is the fastest-growing application segment in the global bioenergy market, expected to grow at a CAGR of 8.3% during 2021–2030.

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Organic Seed Market Size, Share, Impressive Industry Growth, Analysis Report 2032

The global Organic Seed Market is experiencing significant growth and will grow considerably in the next few years. Organic seed are grown using sustainable methods of farming right from the planting of a tree until the yield of fruits or vegetables. Organic farming and seed growing do not involve the use of pesticides, chemical fertilizers, and farming is done as per the basic established standard for certified organic farming. Moreover, farming land should be at least used for organic farming from the past three years. Organic seed farmers grow fruits & vegetables under organic farming techniques and allow the fruits & vegetables to produce seeds that are further sold as organic seeds. Innovation in the organic seed market is related to the development of seeds that are bacteria-free and prevents the growth of other insects.

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

The demand for organic natural foods, changing lifestyles of the people, awareness about the health issues, dietary concerns, change in spending patterns, and health benefits from organic foods are the major factors driving the global organic seed market. Moreover, the growing food & beverage market in the Asia-Pacific region and the effect of insecticide, pesticide, and other chemical fertilizers in entire food chain is the reason that has increased the demand for organic seeds. However, high cost of seeds and low yield from organic farming are the major constraints of organic seeds market. Contrarily, innovations in the field are expected to grow the market by introducing new varieties of seed that can yield more than the seeds used now.

Rapidly Expanding Market for Organic Vegetable Seeds

The demand for organic vegetable seeds is more than other organic seeds of fruits. Consumers are more aware of their daily diets of vegetables and toxic chemical compounds present in that as vegetables are mostly grown using fertilizers and harmful pesticides. All countries across the globe have been demanding organic vegetable seeds, which are fueling the organic vegetable seed market. Moreover, government rules and regulation toward new farming techniques and use of organic seed for vegetables in developing Asia-Pacific countries boost the demand of organic vegetable seeds.

Surge in usage in North America and Asia-Pacific

North America has the highest demand for organic foods, which boosts the demand for organic seeds. The sales over the past few years have increased considerably. The major reasons for increase in demand are growing trend of home gardening, rising demand for in-toxic food without chemical compounds, favorable government help and regulations, and rising demand for healthy food.

The Asia-Pacific emerging economies such as China, India, and other developed countries such as Japan have a rise in disposable income due to the rapidly growing economy and the consumers here are demanding more healthy foods due to growth in awareness about organic food products hence increasing demand of organic seeds.

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Key Benefits of the Report:

This study presents the analytical depiction of the global organic seed industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global organic seed market share.

The current market is quantitatively analyzed to highlight the global organic seed market growth scenario.

Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

The report provides a detailed global organic seed market analysis depending on competitive intensity and how the competition will take shape in coming years.

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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.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Bio-butanediol Market Projected to Reach $392.9 million by 2030 | In-Depth Analysis, Opportunities with Top Key Players

According to a new report published by Allied Market Research, titled, “Bio-butanediol Market by Source, Application, and End Use: Global Opportunity Analysis and Industry Forecast, 2021–2030,”the global bio-butanediol market was valued at $190.6 million in 2020, and is projected to reach $392.9 million by 2030, growing at a CAGR of 7.5% from 2021 to 2030.

The global bio-butanediol market is expected to exhibit high growth potential in the coming years, owing to its use in the production of various commercially viable polymers such as polytetramethylene ether glycol, thermoplastic polyurethane, polybutylene terephthalate, and elastic fibers. Lower cost and comparable properties of bio-butanediol compared to fossil-based butanediol make it viable to gain optimum market share during the forecast period. Moreover, indirect use of bio-butanediol in the automotive and textile sectors is fueling the demand.

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Bio-butanediol is used in the production of commercially important polymers such as thermoplastic polyurethane, polytetramethylene ether glycol, polybutylene terephthalate, tetrahydrofuran, and n-methyl-2-pyrrolidone.

Bio-based production refineries are novel, productive models that are focused on the production of bio-based alternatives to fossil-based products. Increase in concerns pertaining to sustainability and adverse environmental impact boosts the demand for bio-based products. Bio-butanediol is expected to replace the fossil-based butanediol completely during the next few years.

Impact of Covid-19 on Global Bio-butanediol Market:

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The bio-butanediol market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the automotive, textile, and other industrial sectors. The Organization for Economic Co-operation and Development (OECD) reported that due to this epidemic, the global GDP growth would dwindle to 2.4% from 2.9% in 2020 and it has impacted the global supply chain. In addition, more than 100 countries have locked their international borders for transportation and nonessential trade activities, which, in turn, have led to demand–supply disruptions for bio-butanediol market. Furthermore, the temporary shutdown of textiles and automotive industries amid the COVID-19 period has reduced the consumption of bio-butanediols. Several companies have either shut down or shrank their operations due to the risk of infection among the workforce. This has temporarily hampered the demand and supply gap of the bio-butanediol. In addition, the declining income of customers has led to the contraction of the demand for consumer products amid the COVID-19 period. In addition, factors such as financial stress, reduction of demand, and disruptions of the power supply chain have negatively impacted the chemical sector, which, in turn, has decreased the demand for bio-butanediol amid the COVID-19 scenario.

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Bio-butanediol is expected to face tough competition from its fossil-based counterpart until a commercial production process for the production of bio-butanediol is streamlined. This factor is expected to hamper the growth of the global bio-butanediol market during the forecast period.

Bio-butanediol exhibits several advantages over fossil-based butanediol such as it reduces greenhouse gas emissions by more than 60% during its lifecycle as compared to fossil-based butanediol. This factor is anticipated to create remunerative opportunities for the expansion of the bio-butanediol market in the future.

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Key findings of the study:

The sugar source type is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.6% from 2021 to 2030.
The polybutylene terephthalate application is anticipated to register the highest CAGR of 8.2% during the forecast period.
The textile end-use type is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 8.4% from 2021 to 2030.
Asia-Pacific garnered the highest share of 45.4% in 2020, in terms of revenue, growing at a CAGR of 8.2%.

The major players operating in the Bio-butanediol Market:

Novamount S.p.A
BASF SE
Genomatica Inc
Qira
Yuanli Chemical Group Co. Ltd
Biokemik

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

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