A Market Place Research – Page 171

Automotive Thermoelectric Generator Market Strategic Imperatives for Success and Rising Demand Till 2032

Automotive thermoelectric generator deals with conversion of heat into electrical energy, and isalso known as seebeck generator. Automotive thermoelectric generator is a solid state device that converts heat into electrical energy through a phenomenon referred asthe seebeck effect or thermoelectric effect. Automotive thermoelectric generator is used as portable power source to charge and operate various pads, phones, 12V batteries, and small refrigerators while traveling long distances &in remote camping sites. Additionally, proper utilization of waste heat in the automobile industry leads to the growth of the automotive thermoelectric generator market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-toc-and-sample/9119

COVID-19 scenario analysis:

COVID-19 has rapidly affected the automobile industry,thus hampering the growth of the automotive thermoelectric generator market.
The market was expected to register significant growth due to the rapid growth of the automobile sector.However, due to COVID-19, the market is expected to decline in the near future until the situation becomes stable.
Industries are facing slower production due to lockdown and low demand.
Due to non-operation of vehicles in the COVID-19 situation, many of these companies havestopped their productions.Thisled to the decline in the growth of the automotive thermoelectric generator market.
There is a significant drop in demand and restricted cash inflow, which haveaffected the growth of the automotive thermoelectric generator market.

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

Top impacting factors that drivethe growth of the automotive thermoelectric generator market are rise indemand for solid state &immobile devices and requirement for durable and maintenance-free power sources. However, high cost of thermoelectric material and low efficiency hamper the growth of the market. Furthermore,demand for thermoelectric in healthcare and rise indemand for low-power generators in the sensor networksupportthe growth of the automotive thermoelectric generator market.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-thermoelectric-generator-market/purchase-options

Demand for solid state and immobile devices

With increase indemand for solid state and immobile devices, the demand for thermoelectric generators increases as theyconvert waste heat energy into electric energy.Additionally, they arealso used as portable power source to charge and operate various pads, phones, and 12V batteries to help in long-distancetrips.Therefore, thisresults in the growth of the automotive thermoelectric generator.

Requirement for durable and maintenance-free power sources

Automotive thermoelectric generatorsare durable as they convert the form of energy and help to chargebatteries and other devices. These converted sources of energy have nomaintenance cost. Therefore, cost-effective sources reduce prices andlead to the growth of the automotive thermoelectric generator market.

Key benefits of the report:

This study presents the analytical depiction of the automotive thermoelectric generator market along with 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 automotive thermoelectric generator market share.
The current market is analyzed from 2020 to 2027 to highlight the automotive thermoelectric generator market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/9119

Questions answered in theautomotive thermoelectric generator marketresearch report:

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

Automotive Thermoelectric Generator Market Report Highlights

Aspects	Details
By Application	Waste Heat Recovery Energy Harvesting Direct Power Generation Co-generation
By Vertical	Automotive Aerospace Defense Industrial Consumer Healthcare Oil and Gas Mining Telecommunication
By Temperature	Low Temperature (<80°C) Medium Temperature (80°-500°C) High Temperature (>500°C)
By Material	Bismuth Telluride Lead Telluride Others
By Wattage	Low Power (<10W) Medium Power (10-1KW) High Power (>1KW)
By Component	Heat Source Thermoelectric Module Cold Side Electric Load
By Region	North America (US, Canada) Europe (Germany, UK, France, rest of Europe) Asia-Pacific (China, Japan, India, rest of Asia-Pacific) Latin America (Brazil, Mexico, rest of LATAM) the Middle East Africa
Key Market Players	II-VI Marlow, Tenneco Inc., Faurecia, Yamaha Corporation, Laird PLC, Alphabet Energy, Inc., KELK Ltd., Thermonamic Electronics (Jiangxi) Corp., Ltd., European Thermodynamics, Gentherm Incorporated, Valeo, SANGO Co., Ltd.

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Automotive Body Welded Assembly Market – An Emerging Hint of Opportunity

Rise in income of middle-class families and improved standards of living in developing and developed countries have increased the sales of passenger cars. With increase in sales of the automotive sector, the automotive body welded assembly market has proliferated. An automotive body welded assembly system consists of many individual subassemblies and sheet metal parts welded together. Automotive body welded assembly has a vital role to play in maintaining the composition of the framework in vehicle. Additionally, automotive body welded assembly provides support to driving performance of vehicle. Moreover, it provides safety to the passenger and driver in case of collision. Besides, the factor that drives body welded assembly is that the body welding assembly doesn’t loosen with time like joints.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-toc-and-sample/9489

COVID-19 scenario analysis:

The COVID-19 has affected the already declining automotive industry to a greater extent.
Majority of automotive OEMs would focus on consolidating capacities than expanding.
The importance of hygiene in vehicle will intensify due to the pandemic and manufacturers has planning strategies accordingly.
The body welded assembly market have faced many challenges with stoppage of automotive production. Revenue generation has stopped and restricted import & exports have disrupted supply chains.
Automotive industry has witnessed zero-sales of vehicle for few months which was never seen before. Moreover, the pandemic would affect the automotive body welded assembly market significantly.

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

The number of vehicles running on roads have increased significantly in past few years and the demand for automotive body welded assembly market will catalyze simultaneously. Passenger car segment is driving the growth of automotive body welded assembly market majorly. Additionally, the automotive body is not manufactured from single sheet of metal like it was in the past. Instead, the body parts are manufactured separately and laser welded together. This reduces the weight of the car and increases efficiency. Moreover, factors like efficiency, economical, and ease of manufacturing are driving the market of body welded assembly. However, the major problem occurred at assembly line during body welding is human errors due to lack of skills. This could hamper the market growth. Further, rise in expenditure on infrastructure by government and enhanced the standard of living along with technological advancements will support the growth in the coming years.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-body-welded-assembly-market/purchase-options

Robotic automotive body welded assembly.

Increasing complexity of automotive parts and complex manufacturing process are handled with ease because of robots. Preserving high welding standards in every fabrication is possible due to the repeatable arc and speed gap of long robotic arms. Robotic body welders can position the torch in the exact same orientation on every cycle. Robotic body welders perform all the programmed welds with high precision. Moreover, robotic body is largely adopted by automakers due to its benefits over human errors.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/9489

Surge in sales of passenger cars.

With increase in globalization and rising disposable income in developing economies has increased the sales of passenger car segment. Additionally, with adoption of new technologies, the sales of passenger cars are rising. With rise in sales of passenger cars, the market of automotive body welded assembly is expected to increase.

Key benefits of the report:

This study presents the analytical depiction of the automotive body welded assembly 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 market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed automotive body welded assembly market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive body welded assembly market research report:

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

Automotive Body Welded Assembly Market Report Highlights

Aspects	Details
By Type	Upper body Under body
By Vehicle type	Passenger cars Commercial vehicles
By Sales channel	OEM Aftermarket
By Region	North America (U.S., Canada) Europe (Germany, UK, France, rest of Europe) Asia-Pacific (China, Japan, India, rest of Asia-Pacific) Latin America (Brazil, Mexico, rest of LATAM) The Middle East Africa
Key Market Players	Dudek & Bock, Daesan, KTH Parts Industries, Baylis Automotive, Yokoyama, Orchid International, Anchor Manufacturing, Futaba, HIT Automotive., Hormann

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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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Architectural Acoustic Panels Market Size, Key Players, Top Regions and Forecast by 2031

The global Architectural Acoustic Panels Market report provides a thorough analysis of the industry’s growth factors, trends, flows, and sizes. The market for architectural acoustic panels, which was worth an estimated $7.3 billion in 2021, is anticipated to grow to $13.8 billion by 2031, with a compound annual growth rate (CAGR) of 6.3% from 2022 to 2031.

The use of both primary and secondary data sources was extensive in this study of architectural acoustic panels. Where primary sources include in-depth interviews with key opinion leaders, technical experts (such as directors, CEOs, and marketing executives), downstream distributors, and end users. Research of top companies’ annual and financial reports, public records, fresh journals, etc. are examples of secondary sources. We also collaborate with a few outside databases.

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Top Companies

Ingreen Systems, KINGSPAN GROUP PLC, johns manville, Knauf Insulation, Saint Gobain SA, italpannelli srl, Arconic Inc., Owens Corning, Arcelor Mittal, Trelleborg AB, Armacell GmbH, Rockwool International A/S, 3A COMPOSITES, BASF SE, Paroc Group OY, Fischer Profil GmbH, Fletcher Building Ltd.

Scope of the Global Architectural Acoustic Panels Market:

Value chain analyses are included for each product type in the market research study on architectural acoustical panels. Value addition at each stage is thoroughly explained by value chain analysis. The study examines the market factors that will influence demand for architectural acoustic panels over the forecast period.

The study also offers significant market indicators that influence the market’s growth. The research report includes an analysis of the major market players, including their market shares, growth rates, and attractiveness to various end users and geographic regions. Our research on the architectural acoustic panels market enables users to make informed decisions that will increase their market share and market presence.

Architectural acoustic panel is used to cut back noise and control sound in many alternative spaces. They are used to reduce noise and control sound, so they are an important building material. Currently, there are many types of architectural acoustic panels, including acoustic membranes, resonator panels, and porous material.

Acoustic panel manufacturers are leading the way toward sustainability by adopting recyclable and eco-friendly materials. Baux, one of the leading manufacturers of acoustic panels, unveiled sustainable acoustic panels made out of chemical-free pulp sourced from sustainably harvested Swedish pine and fir trees.

Moreover, these decorative panels are tested and are effective in the soundproofing of varied environments, including homes, restaurants, and office spaces. Audimute, one of the recognized players manufacturing “Green” acoustic products, launched its new products under the brand of eco-C-tex. These products are manufactured from recycled cotton and cellulose. Such factor is anticipated to boost the architectural acoustic panels market growth.

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Trends in the Global Architectural Acoustic Panels Market:

In recent times, there has been a growing demand for architectural acoustic panels due to the increasing need for noise reduction and sound quality improvement in various settings, such as offices, schools, hospitals, and residential buildings. One of the latest trends in this market is the increasing use of eco-friendly materials in the production of acoustic panels, which has become a major selling point for manufacturers.

The architectural acoustic panels are specially designed materials used to control sound reflections, reduce reverberation, and improve the overall acoustic environment within a space. They are crafted with a blend of art and science, merging aesthetics with functionality. These panels can be made from various materials, including fabric, wood, metal, and composite materials. By strategically placing these panels on walls, ceilings, or even as freestanding elements, architects and designers can transform noisy and echo-prone spaces into harmonious and comfortable environments.

Additionally, there has been a rise in demand for customizable acoustic panels that can be personalized to fit specific design requirements and aesthetic preferences. Moreover, technological advancements in the acoustic panels industry have led to the development of new materials and designs that offer enhanced sound absorption and diffusion properties, leading to better acoustic performance. Furthermore, the global architectural acoustic panels market is expected to continue growing in the coming years.

Global Architectural Acoustic Panels Market Segmentation:

The market is segmented based on material, type, end users, and region.

By Material –

Plastic panels

Non-plastic panels

Others

By Type –

Vertical acoustic panel

Horizontal acoustic panel

Others

By End-users –

Industrial

Commercial

Residential

Others

By Region – North America (the U.S., Canada, and Mexico), Europe (France, Spain, Germany, the UK, Italy, and the rest of Europe), Asia-Pacific (India, China, Australia, South Korea, Japan, and the Rest of Asia-Pacific), LAMEA (Africa, Middle East, Latin America)

The architectural acoustic panels market is on a steady rise due to increased awareness about the importance of sound quality in various settings. As sustainability becomes a priority, eco-friendly and recyclable panel materials are gaining traction. Additionally, advancements in technology have led to the development of smart acoustic panels that can adjust sound absorption levels based on real-time conditions.

The architectural acoustic panels market is not just about controlling sound; it’s about crafting harmonious spaces that resonate with people on multiple levels. As architecture continues to evolve, the integration of aesthetics and functionality will remain at the forefront, driving the demand for innovative acoustic solutions. Whether in commercial spaces, entertainment venues, or hospitality establishments, these panels will continue to shape the way we experience our surroundings, ensuring that the waves of sound create symphonies of comfort and delight.

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As our urban spaces become denser and more crowded, the need to create environments with optimal sound quality has led to the rapid growth of the architectural acoustic panels market. These panels not only enhance the auditory experience but also contribute to the visual appeal of spaces.

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At a CAGR of 22.4% Industrial Hemp Market is Projected to Reach $18.6 Billion by 2027 & Industry Forecast

According to a new report published by Allied Market Research, titled, “Industrial Hemp Market by Type, Application, and Source: Opportunity Analysis and Industry Forecast, 2021–2027,” Industrial Hemp Market was valued at $4.9 billion in 2019, and is projected to reach $18.6 billion by 2027, registering a CAGR of 22.4% from 2021 to 2027

Global Top Leaders:-

Hempco Food and Fiber Inc., Ecofibre, Hemp Inc., GenCanna, HempFlax Group B.V., The Konoplex Group, South Hemp, Plains Industrial Hemp Processing Ltd., MH medical hemp and Hempro International GmbH & Co. KG.

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Hemp seeds or industrial hemp is obtained from “Cannabis sativa” which contains only traces of tetrahydrocannabinol (THC). Hemp seeds are especially grown for commercial use and it is used in wide range of products. Hemp seeds are rich in two essential fatty acids, linolenic (omega-3) and linoleic (omega-6). They are also rich source of vitamin B1, vitamin B2, vitamin B6, vitamin D, vitamin E, magnesium, calcium and potassium among others. Moreover, very rare plant-based foods are a complete source of protein, hemp seeds on the other hand possess descent amount of protein that can be considered as a value addition to a vegan diet.

Since, the humans cannot generate essential fatty acids, the addition of hemp seeds in food application will be useful as they are a rich source of linoleic (omega-6) and linolenic (omega-3). Furthermore, hemp seeds can be used to produce a variety of food products such as hemp milk, hemp oil, hemp cheese substitutes and hemp-based protein powder. Thus, owing to rich source of protein and vitamin hemp seed are used in food and beverages which further fuels the growth of industrial hemp market.

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The raising legalization of the cultivation of hemp is encouraging the producer and research institution to develop new products from industrial hemp. In addition, legalization and increased production of hemp oil may improve the cost of producing hemp oil and subsequently hemp biodiesel. Biofuels is one such application, which is anticipated to have crucial growth potential in the upcoming years.

Continuous rise in the price of oil (petrol & diesel), along with the raising concerns about global warming, biofuels have been gaining popularity. Moreover, hemp seed extracts are used to produce hemp biodiesel, which can be used any diesel operated vehicle. Furthermore, industrial hemp can be used to produce ethanol, which is currently processed from food crops like corn and wheat. This process will result in increased efficiency of food production. Thus, raising new product development from hemp is becoming the current industrial hemp market trends.

COVID-19 was declared a pandemic by the World Health Organization (WHO) on March 11, 2020. The COVID-19 pandemic has had a significant impact on the industrial hemp market, due to import and export restrictions on hemps and its related products. In addition, lockdown measures imposed by governments are key challenges exporters face in North America and Asian markets, as they disrupt global supply chain.

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Industrial hemp creates one of the most eco-friendly fabrics in the world owing to which hemp fiber is also called as fiber of hundred uses. Moreover, pure hemp has a texture which is similar to linen and because of its flexibility it used in variety of products such as from clothing to home wares, shoes, accessories, dog collars and others.

The market has been segmented based on type, application, source and region. Based on type, the market is segmented into hemp seed, hemp oil, hemp fiber and others. Based on application the global market is studied across food and beverages, textiles, personal care products, pharmaceuticals and others. On the basis of source, the market is categorized into conventional and organic. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study:-

>By type, the hemp oil segment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.

>By application, the personal care products segment accounted for highest share in the industrial hemp market growth in 2019, and is projected to grow at a CAGR of 19.6% from 2021 to 2027.

>By source, the conventional segment led the global demand in 2019, and is expected to retain its dominance throughout the industrial hemp market forecast period.

>By region, Asia-Pacific accounted for highest industrial hemp market share in 2019, and is expected to grow at a CAGR of 20.4%.

>>>Browse Related Reports:-

>Coco Coir Market

>Specialty Malt 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.

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Online Music Streaming Market to Surge USD 24,711.3 Million by 2027, Size, Share, Emerging Trends, Key Growth Drivers

According to a new report published by Allied Market Research, titled, Online Music Streaming Market by Service, Revenue Model, Platform, End User, and Content Type: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global online music streaming market size is expected to reach $24,711.3 million by 2027 at a CAGR of 9.8% from 2021 to 2027.

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Online music streaming is a means of delivering music without downloading any file from the internet. Music is stored on the servers’ database and is instantly transferred to the streamer or users’ device in real time over the internet. Online music streaming services allows users to stream online music videos, audio songs, podcasts, and live performances of artists. Online music streaming service providers offer certain features such as customized playlists, song recommendations, and easy accessibility to music on both the app and browser platforms. Increase in popularity of podcasts is attracting consumers’ attention lately, and is expected to drive the growth of the global market during the forecast period. In addition, online music streaming has gained high traction in the past few years, due to surge in adoption of smart devices such as smartphones and increase in popularity of digital platforms such as Spotify, Amazon Music, and Deezer. Moreover, wide-scale penetration of internet across the globe is positively impacting the online music streaming market.

The emergence of online music streaming platforms such as Spotify and Apple Music has drastically reduced the illegal sharing and downloading of music over the internet that generated no revenue to the music labels and artists. This has notably minimized the threat of piracy, thus making online music streaming platforms a reliable option for artists and music labels such as Universal Music Publishing Group, Sony Music Entertainment, and Warner Music Group. Moreover, the constantly growing number of subscribers on music streaming platforms is increasing the audience globally. Moreover, high-quality, hassle-free services, free trials, and discounted prices offered by music streaming service providers attract a huge customer base. According to the International Federation of Phonographic Industry (IFPI), around 62.1% of the revenue of the global recorded music market comes from online streaming. These factors are anticipated to or propel the growth of the global online music streaming market during the forecast period.

The outbreak of COVID-19 pandemic boosted the growth of the global online music streaming market. During the first phase of the pandemic, certain behavioral changes prevailed among consumers. According to the Tencent Music Entertainment, people were engaged in streaming music using home appliances such as TV more than their smartphones during the lockdown. Moreover, upsurge has been witnessed in the number of subscribers on various platforms such as Spotify, Tencent Music Entertainment, and Amazon Music. People in the U.S. were streaming more of the video content rather than the audio content. Therefore, the pandemic boosted the growth of the video segment. Hence, the COVID-19 had a positive impact on the global online music streaming industry.

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The online music streaming market is segmented into service, revenue model, platform, end user, content type, and region. On the basis of service, the market is bifurcated into on-demand streaming and live streaming. By revenue model, it is segregated into subscription and non-subscription based model. As per platform, it is categorized into app and browser. Depending on end user, it is differentiated into individual and commercial. According to content type, it is fragmented into audio and video content. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, the Netherlands, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of the revenue model, the subscription model was the dominating segment in 2019, due to immense increase in the number of paid subscribers in the past few years. Moreover, most of the players in the global online music streaming market operate on the non-subscription or the freemium model majorly to attract huge customer base. Spotify, the leading player in the market, focuses majorly on the subscription model, whereas Pandora, one of the major players, focuses on the freemium model.

On the basis of end user, the individual segment garnered the highest online music streaming market share of 76.3% in 2019, owing to the fact that emergence of online music streaming services have enabled users to access millions of songs easily. Moreover, changes in lifestyle of individuals, which comprise listening to music during commuting, daily chores, and exercising have propelled the growth of the individual segment. According to the online music streaming market forecast, the commercial segment is expected to grow at a promising rate, due to the development of commercial complexes, restaurants, gyms, health clubs, and malls. All these commercial spaces use music streaming services to offer a pleasing ambience to their customers.

The players operating in the global online music streaming market have adopted various developmental strategies to expand their market share, exploit the online music streaming market opportunity, and increase profitability in the market. The key players profiled in this report include Amazon, Inc., Anghami, Apple, Inc., Deezer, iHeartRadio, NetEase, Inc., Pandora Media, LLC., Spotify AB, Tencent Music Entertainment, and Tidal.

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Key findings of the study

The online music streaming market size was valued at $12,831.2 million in 2019, and is estimated to reach $24,711.3 million by 2027, growing at a CAGR of 9.8% during the forecast period.

By content type, the video segment is estimated to witness the fastest growth, registering a CAGR of 10.1% during the forecast period.
In 2019, depending on revenue model, the subscription segment was valued at $9,586.5 million, accounting for 74.7% of the global online music streaming market share.
In 2019, the U.S. was the most prominent market in North America, and is projected to reach $4,197.5 million by 2027, growing at a CAGR of 9.5% during the forecast period.

Reasons to Buy this Online Music Streaming Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

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Beard Grooming Market to Grow at a CAGR of 7.7% and will Reach USD 43.1 Billion by 2026

According to a new report published by Allied Market Research titled, “Beard Grooming Market by Product Type, End Use and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global beard grooming market size was valued at $24.1 billion in 2018, and is projected to reach $43.1 billion by 2026, growing at a CAGR of 7.7% from 2019 to 2026. In 2018, Europe accounted for nearly 30.2% share of the beard grooming market.

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Beard growing has been at the height of fashion with majority of the male population sporting different types of beard styles that is turning out to be much more attractive and trendier. However, beard growing requires maintenance, which is possible only through the application of right type of beard grooming products. This fosters the demand for different bread grooming products such as beard trimmer, beard oil, shampoo, gels, moisturizer, softener, and other such.

Some of the key manufacturers in the market, have been strategizing on continuously improvising its product offerings that cater to the requirement of target customers owing to the rise in demand for beard grooming products. In 2018, Philips one of the key players in the global beard grooming market, launched a new line of shaver under the brand name of S9000 Prestige specifically designed for men who desire for a blade-close shave, but do not wish to compromise on skin comfort. Similarly, taking in consideration on customers desire for flexibility and convenience, several key players in the global beard grooming market have been producing and promoting beard trimmer as well as shaver in its wireless or portable formats.

Over the past couple of years, there has been a rise in demand for different types of natural and organic products. Customers seek products that are derived from natural ingredient no matter when it comes to cosmetic or food products. Taking this consumer buying perception into consideration, manufacturers consider using natural ingredient in their existing products. For instance, Maple Holistics promotes its beard oil products Assuage claiming to be processed with several key natural ingredients such as grapeseed oil, coconut oil, avocado oil, citrus limonum oil, sunflower oil among others.

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Premiumization is a process where the manufacturers make a brand or a product more appealing to consumers by emphasizing on its superior quality and exclusivity. It is driven by preference for high-quality products and services rather than looking in for affordable prices. Customers tend to choose premium quality products or services owing to the rise in per capita income.

The global beard grooming market is segmented on the basis of product type, distribution channel, and region. By product type, the market is classified into beard oil, beard shampoo, shaving cream, trimmers, shaving gel, waxes, and others. By end user, the market is categorized into personal and commercial. By distribution channel, the beard grooming market is divided into hypermarket/supermarket, specialty store, online store, and others.

Key Finding of The Beard Grooming Market:

In 2018, by product type, the shaving cream segment accounted for higher value beard grooming market share.
In 2018, by end user, the personal segment accounted for 80.0% share of the beard grooming market analysis.
In 2018, by region, Europe accounted for a prominent market share and is anticipated to grow at a CAGR of 6.9% throughout the beard grooming market forecast period.

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Key players operating in beard grooming industry include Viking Beard Stuff, Robin Hood Beard Company Ltd., Beardbrand, The Bearded Man Company Limited, Wahl Ltd., Koninklijke Philips N.V., Panasonic, The Brighten Beard Company, Zeus among others.

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Athletic Footwear Market Set to Reach USD 165.0 Billion by 2030, With a Sustainable CAGR Of 4.2%

According to a new report published by Allied Market Research, titled, “athletic footwear market by type, end user, and distribution channel: global opportunity analysis and industry forecast, 2021–2030,”the global athletic footwear market was valued at $109.7 billion in 2020, and is projected to reach $165.0 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030. The running & walking shoes segment dominated the market in 2020, in terms of revenue.

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Changing paradigm of educational system supports growth of the sports industry and industries dependent on it. In addition, rise in sports education and sports training in academics has significantly increased awareness toward sports and fitness. Thus, many schools/educational institutes offer training to students, providing them an opportunity to compete in various sports competitions. In addition, busy and hectic lifestyle, coupled with growing instances of consumers choosing outdoor activities such as adventure sports to unwind or break monotony of their daily life boosts the athletic footwear market growth. Furthermore, initiatives taken by various governments in countries such asIndia, and Australia to promote sports, health, and fitness have led to increased consciousness about sports and sports-related products such as sport shoes, running &walking shoes, and tracksuits, which, in turn, drives growth of the market.

Polyester, rubber, EVA foam, cotton, synthetic leather, and leather are the six main raw materialsused for manufacturing athletic footwear. There has been a continuous rise in prices of these raw materials in past few years. The prices of raw materials directly affect production cost of the products, thereby leading to increase in the market price of the finished product. This acts as a restraint for the athletic footwear industry.

The athletic footwear market is segmented on the basis of type, end user, distribution channel, and region. By type, it is categorized into sports shoes, running & walking shoes, hiking & backpacking shoes, and aerobic & gym wear shoes. By end user, it is segmented into men, women, and kids. Region wise it is classified into North America, Europe, Asia-Pacific, and LAMEA.

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The key players operating in the athletic footwear market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. Leading players analyzed in the athletic footwear market analysis includes-Asics Corporation, Adidas AG, Puma, VF Corporation, Nike, Inc., FILA Korea, Ltd., New Balance, Inc., SKECHERS, Inc., K-Swiss, Inc., and Wolverine World Wide, Inc.

Key findings of the study

Asia-Pacific is a lucrative market, in terms of growth, on account of increasing disposable income, rising health awareness, and increasing demand for fashionable athletic footwear.

The men segment is the highest revenue-generating segment in the global athletic footwear market, followed by the women segment.
The soccer shoes segment is expected to be the fastest growing segment of athletic footwear market, followed by basketball shoes segment.
The hypermarkets/super markets segment is the dominating distribution channel worldwide in athletic footwear market.

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> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

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Swimwear Market

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Luxury Travel Market is Expected to Rise $1650.5 Billion by 2031, Growing at a CAGR of 8.9% From 2022-2031

According to a new report published by Allied Market Research, titled, “Luxury Travel Market,” The luxury travel market was valued at $638.2 billion in 2021, and is estimated to reach $1650.5 billion by 2031, growing at a CAGR of 8.9% from 2022 to 2031.

The global luxury travel market size is growing rapidly since last few years owing to the increase in interest of people in unique and exotic holiday destinations. Luxury travel is a niche market; however, it is gradually gaining market share in the overall travel industry, owing to growth in disposable income and rise in living standards of people. The increase in the number of high-net-worth individual HNIs in emerging markets further propels the luxury travel market growth.

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The growth of the luxury travel market demand is attributable to the large number of luxury travel companies switching to new age technologies. This is to boost the luxury travel status and delivering guests with state of the art facilities. Oculus rift-virtual reality device, Amazon eco-artificial intelligence, Go pro-wearable technology, and DaVinci 3D printing are some of the advanced technologies launched for the customers to enhance their travel experience.

Growth in the number of HNIs population and rise in aspirations of young and rich millennial are expected to majorly foster the market growth in the region. Baby boomer and generation X are the major contributors in the Asia-Pacific luxury travel market. Surge in interest of people to explore new places and to have unique travel experiences have encouraged market players to offer trips that connect the travelers to the local culture of the destination and explore the unknown acquaintance of the place and its people. However, changing socio-economic conditions threatens the growth of the market. Market players are coming up with new customized trips and travel plans, which cater to the need of the travelers. Major companies such as Abercrombie & Kent Ltd., and Cox & Kings Ltd., have a strong team of experts, who have knowledge about the tourist places and assist the travelers in opting for the best trip.

According to the luxury travel market analysis, the luxury travel market is segmented into types of tour, age group, types of travelers, and region. As per types of tour, the market is categorized into customized and private vacations, adventure and safari, cruise/ship expedition, small group journey, celebration and special events and culinary travel and shopping. By age group, it is segregated into millennial, generation x, baby boomer and silver hair. Depending on types of travelers, it is segmented into absolute luxury, aspiring luxury and accessible luxury. By region, the global luxury travel market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Singapore, India, and Rest of Asia-Pacific), and LAMEA (Middle East, Latin America, and Africa).

According to luxury travel market trends, by tour type, celebration and special events segment holds around 6.5% share of the global luxury travel market. The segment is expected to grow at considerable CAGR of 9.5%, during the forecast period, owing to the increased interest of people to explore new and exciting event experiences. This type of luxury travel is getting increasingly popular to celebrate a milestone or an event in one’s life, like family reunions, birthdays, anniversaries, and weddings or a mass public event like New Years. Travel companies arrange private tours in destinations around the global to celebrate important events. The destination celebration traveling has become trendsetter in the travel market with more people willing to celebrate past events, celebrate occasions, and share experiences.

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On the basis of age group, the generation X segment was valued at $213,283.1 million in 2021, and is expected to reach $550,334.4 million by 2031, with a CAGR of 8.9%. Luxury travelers lying in the age group of 35-50 years. Family life shapes the travel preferences of Generation X in taking the leisure trips. Generation X has been identified to have more disposable income to spend on a vacation. Per trip they spend around $627 a day, which is 20% higher than the millennial’s. Generation X can be divided into two groups: recently single or heading toward a major wedding anniversary. Single Gen-X are not just into meeting someone or looking to party, but rather are more interested in adventure. Their preferred outbound locations are Chile, Mexico Canada, Argentina, Australia, and New Zealand. Generation X are generally married with children and so their destinations are chosen accordingly; next they also care for their needs and go places they have never been to; and, last but most importantly their desire for a safe place to visit. Thus, above factors are likely to bolster the growth of the luxury travel market through generation X segment during forecast period.

Depending on types of travelers, the accessible Luxury segment is expected to reach $207,270.9 million by 2031, with a CAGR of 8.9%. Accessible luxury travel involves making exceptional travel experience available to a wider range of consumers. Trend shows even this segment is rapidly moving on to luxury traveling owing to the widespread peer pressure and excessive technological advancement, which has enhanced their knowledge on luxury services and costs accordingly. Accessible luxury travelers opt for short holidays. They travel to destinations in close proximity to their native country, owing to monetary constraints. Accessible luxury traveler seeks less central and more off beaten places. Staying outside the city center can get into interesting neighborhoods so that one can get a real feel of the city.

Region-wise, Asia-Pacific is the fastest growing luxury travel market, growing at a CAGR of 11.1% during the forecast period. LAMEA is expected to be the second fastest growing market, owing to the developing economies in the region. Emerging countries of Asia-Pacific and LAMEA are expected to boost the market growth during the forecast period. Asia-Pacific is the major revenue contributor in the luxury travel market.

The players operating in the luxury travel industry 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 and gain luxury travel market opportunities. The key players profiled in this report include Abercrombie & Kent USA, LLC, Cox & Kings Ltd, Travcoa, Micato Safaris, Ker & Downey, Tauck, Thomas Cook Group PLC, Scott Dunn Ltd., Kensington Tours, Butterfield & Robinson Inc., TUI Group, Zicasso, Inc., Black Tomato, Backroads, Lindblad Expeditions and Exodus travels.

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Key findings of the study

The luxury travel market was valued at $638,206.8 million in 2021, and is estimated to reach $1,650,447.7 million by 2031, growing at a CAGR of 8.9% during the forecast period.
By types of tour, the cruise/ship expedition segment is estimated to witness the fastest growth, registering a CAGR of 10.9% during the forecast period.
In 2021, depending on age group, the silver hair segment was valued at $89,112.8 million, accounting for 14.0% of the global luxury travel market share.
In 2021, depending on types of travelers, the aspiring Luxury segment was valued at $202,139.7 million and is expected to grow at a CAGR of 8.7%.
In 2021, the Italy was the most prominent market in Europe, and is projected to reach $176,439.5 million by 2031 growing at a CAGR of 8.2% during the forecast period.

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CBD Skin Care Market Navigating Business with CAGR of 24.00% with Revenue of $1,134.0 Million by 2026

According to a new report published by Allied Market Research titled, “CBD Skin Care Market by Product Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” The global CBD skin care market size was valued at $633.6 million in 2018 and is anticipated to reach $3,484.00 million by 2026, with a CAGR of 24.80% during the forecast period. The global CBD oil segment was valued at $219.0 million in 2018 and is anticipated to reach $1,134.0 million by 2026, with a CAGR of 24.00% during the forecast period.

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Legalization of cannabis and cannabis derivatives including cannabidiol (CBD) and hemp oil have increased the popularity of these ingredients among wellness and personal care products industry. Consumers are looking for CBD-infused products with natural active ingredients over other chemical based cosmetics. As a result, the cosmetics and personal care industries are expected to witness significant growth in cosmetic product infused with CBD and hemp oil. Some the leading cosmetic brands are already offering or experimenting in CBD based skin care products. Upscale retailers and some private label brands have already launched some products, which show the influence of CBD in mainstream cosmetic market. This trend is expected to gain traction among the global CBD skin care market players in few years.

The producers of CBD-based cosmetic products are facing certain challenges due to controversial nature of cannabis-derived ingredients in cosmetic products. Manufacturers need to take more precautions during manufacturing operation to avoid cross-contamination between CBD and non-CBD products. As a result, many companies are planning to run a separate production line for CBD skin care products to avoid cross-contaminations.

The CBD skin care market is segmented on the basis of product type, source, distribution channel, and region. By product type, it is categorized into oils, lotion & creams, masks & serums, bath & soaps, and others. CBD oil is one of the key ingredients in every CBD skin care product. The ready availability and convenient manufacturing processes have made CBD oil as one of the lucrative segments for new entrants. Small scale cosmetic manufacturers are mainly focusing toward CBD oil production due to varied applications in wellness and cosmetic. By form, it is categorized into Hemp and Marijuana. By distribution channel, it is categorized into departmental stores, e-commerce, hypermarkets/supermarkets, retail pharmacies, and others. Rise in penetration of internet among generation Z and novel cost benefits associated with E-commerce shopping are responsible for revenue growth of the e-commerce segment in the CBD skin care market. The global E-commerce segment was valued at $113.2 million in 2018 and is anticipated to reach $728.2 million by 2026, with a CAGR of 27.40% during the CBD skin care market forecast period.

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Region-wise, CBD skin care market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). Premium nature of CBD infused skin care products and a touch of natural ingredients to the product offerings are increasing the popularity of CBD infused skin care products among consumers from the North America and Europe regions. Furthermore, increase in awareness toward medicinal and cosmetic benefits of cannabis coupled with active support from regulatory authority is expected to provide revenue boost to CBD skin care market in the North America and Europe regions.

Key Findings of the Study:

The CBD skin care oils segment is expected to grow at a CAGR of 24.00% during the forecast period.

North America is anticipated to dominate the CBD skin care market share, registering a CAGR of 24.3% during the forecast period.
Asia-Pacific is projected to exhibit exponential growth throughout 2026, registering the highest of CAGR 26.7% during the forecast period.
The departmental stores distribution segment is anticipated to dominate the global CBD skin care market analysis, with a CAGR of 23.5% during the forecast period.
The E-commerce segment is estimated to grow at a CAGR of 27.4% during the forecast period.

The key players operating in the global CBD skin care industry include Kiehl’s LLC, Cannuka LLC, Leef Organics, Medical Marijuana Inc., Lord Jones, Kapu Maku LLC, VERTLYBALM, Elixinol Global Limited, Fab CBD Company, and Endoca LLC. Other key players identified in the value chain are L’Oreal, Varm Cosmo, L’Eela, Apothecanna, Charlotte’s Web Holdings, Kana Skincare, Josie Maran Cosmetics, Cronos Group, CBD Biotech, and Estee Lauder.

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Upcycled Cosmetic Ingredients Market Expected to Reach $433.5 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Upcycled Cosmetic Ingredients Market,” The upcycled cosmetic ingredients market size was valued at $231.48 million in 2021, and is estimated to reach $433.5 million by 2031, growing at a CAGR of 6.6% from 2022 to 2031.

In 2021, the skin care upcycled cosmetic ingredients segment accounted for the majority of the total upcycled cosmetic ingredients industry.

Upcycled cosmetics are made from previously discarded plant-based waste to create new cosmetic components. Traditional ingredient lists, which are frequently harmful to humans and the environment, can be replaced with upcycled cosmetic ingredients.

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Food crops are a top priority because climate change is putting additional strain on available agricultural land around the world. The United Nations estimates that by 2050, the world may need to produce 50% more food than it did in 2010 to feed its expected 9.3 billion people. Nearly one-third of the food produced in the U.S. for human consumption is wasted. Food waste misuses the resources used in its production, processing, transportation, preparation, and storage. Food loss and waste exacerbate the climate change dilemma by producing large amounts of greenhouse gas (GHG). It accounts for about 6% of human-caused greenhouse gas emissions, according to the U.S. Environmental Protection Agency. Food waste reduction and elimination can improve economic efficiency, productivity, and climate change mitigation. It can also address resource and energy conservation while reducing supply chain shocks caused by climate change. Food waste can be used in a variety of industries to become an important ingredient. In the cosmetic industry, for example, tomato, grape, or olive seed debris is used as cosmetic components to keep organic waste from decomposing in landfills and emitting greenhouse gases that contribute to climate change. As a result of the increase in pressure to reduce food waste and the effective use of food waste as a raw material in the cosmetic industry to reduce the environmental impact increasing the upcycled cosmetic ingredients market demand during the forecast period.

There is an increase in food waste being repurposed as basic ingredients in the cosmetics industry. The coronavirus pandemic has disrupted supply networks for cosmetic chemicals, providing additional impetus to the organization. According to AMR analysis, as the cosmetics industry develops goods for a circular economy and shifts to regional supply chains for raw ingredients, the adoption rate of upcycled ingredients is projected to rise. Food by-products, also known as food side streams, are already recognized as a natural component source. Many cosmetic and personal care products contain certain ingredients, such as palm kernel oil. Consumer demand for natural and organic personal care products has increased the demand for such raw materials. Other important upcycled cosmetic ingredients market trends are sustainability and preference for natural ingredients, with cosmetic and ingredient companies promising to incorporate more plant-based and natural ingredients into their cosmetic formulations.

The demand for new crops of botanicals used as cosmetic ingredients, as well as the costs associated with their production, processing, and packaging, can be reduced by using by-products. Monocultures used in the cosmetics industry can be resource-intensive and harmful to biodiversity. Producing rose essential oils, for example, may be considered unsustainable because it takes 5 tons of rose petals to produce 1 kilogram of oil. Although the process of upcycling ingredients requires the use of energy, water, and other resources, it can be done in a sustainable manner. Extensive research is usually carried out to trace their origins and the morality of their production from farm to the supplier before purchasing upcycled ingredients. As a result, unsustainable methods of obtaining the ingredient may hamper the upcycled cosmetic ingredients market growth.

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There is an increase in repurposing food waste as basic ingredients within the cosmetics business. The coronavirus pandemic has disrupted supply networks for cosmetic chemicals, giving the organization further momentum. According to AMR analysis, adoption rate of upcycled ingredients will increase as the cosmetics industry develops goods for a circular economy and switches to regional supply chains for its raw ingredients. Food by-products, sometimes known as food side streams, are already recognized as a source of natural components. Many cosmetic and personal care products use certain substances, such as palm kernel oil. The increased consumer desire for natural and organic personal care products has increased the need for such raw materials. Another important factor is sustainability, with cosmetic and ingredient companies promising to use more plant-based and natural ingredients in their cosmetic formulations.

The upcycled cosmetic ingredients market analysis is done on the basis of application and region. On the basis of application, the upcycled cosmetics ingredient are classified into skin care, hair care, and color cosmetics. On the basis of region, the market is divided across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and Rest of LAMEA).

Skin care application garners the largest upcycled cosmetic ingredients market share and is predicted to have a steady growth with a CAGR of 6.2% during the forecast period as it is the most commonly used type of upcycled cosmetic ingredients. North America was the largest shareholder in terms of upcycled cosmetic ingredient sales in the base year owing to the massive demand for organic and vegan ingredients in the region. Europe was the second largest in terms of market share, while the LAMEA region is expected to have the highest growth rates with CAGR of 7.44% at the end of the forecast period.

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Key findings of the study

On the basis of application, the skin care segment dominated the market in 2021 and is likely to remain dominant during the forecast period.
On the basis of region, North America was the highest revenue contributor accounting for 45.20% market share and is estimated to grow at a CAGR of 6.20%.

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