A Market Place Research – Page 1884

At a CAGR of 10.9% Canada Microgreens Market to reach $168.6 million by 2028

The Canada microgreens market is expected to witness significant growth, owing to rise in consumer awareness regarding health benefits associated with microgreen food products such as benefits against chronic diseases to promote optimal health, longevity, and quality of life fuels demand for microgreens. Furthermore, rapid expansion of the retail industry plays a major role in the distribution of microgreens.

Canada Microgreens Market by Type, Farming and End User: opportunity analysis and industry forecast, 2021–2028,” the Canada microgreens market size was valued at $99.3 million in 2019, and is projected to reach $168.6 million by 2028, registering a CAGR of 10.9% from 2021 to 2028. In 2019, the broccoli segment dominated the Canada microgreens market, in terms of value. Broccoli microgreens are great as they contain all essential and powerful nutrients such as vitamins A, B, C, E, and K just after 10-14 days of germination. Moreover, broccoli microgreens consist large quantities of essential minerals such as manganese, zinc, copper, and magnesium that are deficient in most people. In addition, broccoli microgreens consist large amount of sulforaphane as compared to any other food. Broccoli microgreens have a tangy taste, mild peppery aroma, and crunchy texture, owing to which it creates great addition in dishes such as tofu scramble, salads, sandwiches, soups and cooked grains, which also propel the Canada microgreens market growth.

Moreover, there is an increase in adoption smartphones and other mobile devices among farmers, which provides farmers with latest development in the field of agriculture. In addition, farmers depend on broadband and other wireless technologies to catch the latest news in their field of interest and participate in practical knowledge sharing initiatives in the microgreens industry. Wide spread of internet has made agriculture resources available in a wide range of local languages, which help farmers gain awareness regarding various skills in the microgreens industry and boost growth of the microgreens market.

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Advancements in farming technologies directly favor growth of the microgreens market, and is expected to further drive growth of the market during the forecast period. Indoor vertical farming is suitable and majorly used for cultivation of microgreens. It can be integrated with multiple technologies such big data analytics, robotics, internet of things, and artificial intelligence so that microgreens can be intensively monitored, controlled, and grown well without any agronomic constraint. However, one of the major factors that restrict growth of microgreens farming is the heavy investment required for deployment of different components in agriculture. In addition, microgreen farming uses different methods to deliver passive medium and nutrient solutions in plant roots, which is more expensive than other agriculture methods. Moreover, indoor vertical farming involves various machinery, lighting, automatic systems, and temperature controlling units, which are very expensive. In addition, high capital investments required for adopting smart solutions to produce microgreen crops is a serious challenge for farmers, which hampers growth of the market.

COVID-19 was declared a pandemic by the World Health Organization (WHO) on March 11, 2020. The outbreak of coronavirus has significantly impacted the microgreens industry along with all stages of supply chain and value chain such as labor and production inputs for farm, national, and international transport of food and other essentials. COVID-19 has further affected the consumer behavior with regards to purchasing microgreens products globally. Ultimately, decline in cultivation output as a consequence of labor and raw material shortage and partial operations led to decline in the Canada microgreens market.

The Canada microgreens market is segmented on the basis of type, farming, and end use. On the basis of type, the market is categorized into broccoli, cabbage, cauliflower, arugula, peas, radish, basil, carrots, and others. By farming, it is segregated into indoor vertical farming, commercial greenhouses, and others. By end user, it is segmented into retail, food service, and others.

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Key Findings Of The Study

By type, the broccoli segment dominated the Canada microgreens market in 2019, and is expected to retain its dominance throughout the forecast period.
Depending on farming, the indoor vertical farming segment accounted for the highest share in the Canada microgreens market growth in 2019, and is projected to grow at a CAGR of 11.1% from 2021 to 2028.
On the basis of end user, the food service segment led the Canada microgreens market in 2019, and is expected to maintain this trend in the near future.

The key players profiled in the Canada microgreens market report are AeroFarms, Bowery Farming Inc., Charlie’s Produce, Fresh Origins, Gotham Greens,Living Earth Farm, Madar Farms, Teshuva Agricultural Projects Ltd., The Chef’s Garden Inc., and GoodLeaf Farms.

About Allied Market Research:

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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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.

Isobutanol Market Size to Reach $1.9 Billion by 2030 | CAGR: 6.3%: AMR

As per the report published by Allied Market Research, the global isobutanol market generated $1.0 billion in 2020, and is expected to reach $1.9 billion by 2030, registering a CAGR of 6.3% from 2021 to 2030.

Rise in automotive production, surge in isobutyl acetate, and increase in construction activities drive the global isobutanol market. However, high cost of raw materials due to volatility of crude oil prices hinders the market growth. On the contrary, production of bio-isobutanol as a cost-effective alternative is anticipated to unlock new opportunities in the future.

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Covid-19 scenario:

The Covid-19 outbreak severely affected the European and Asian countries, which resulted in shutdown of various manufacturing and production facilities to curb the spread of the virus. Moreover, the lack of raw materials and disrupted supply chain negatively affected the market.
The end-user sectors of isobutanol faced challenges due to the Covid-19 pandemic including delays in supply from producers, restrictions on import-export, and delay in raw material deliveries.
Due to pandemic, the construction and automotive industries were among the worst-hit industries. Thus, the demand for paints & coatings decreased significantly. This hampered the market.

The report segments the global isobutanol market on the basis of product, application, and region.

Based on product, the bio-based isobutanol segment is expected to portray the highest CAGR of 6.4% during the forecast period. Furthermore, the segment held the largest share in 2020, contributing to nearly two-thirds of the market. The report includes an analysis of synthetic isobutanol and others.

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On the basis of application, the solvents & coatings segment is projected to manifest the highest CAGR of 6.5% during the forecast period. However, the oil & gas segment held the lion’s share in 2020, accounting for nearly half of the market.

The global isobutanol market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020, holding more than two-fifths of the market. Moreover, the region is projected to showcase the highest CAGR of 6.6% during the forecast period.

The global isobutanol market includes an in-depth analysis of the prime market players such as BASF SE, Eastman Chemical Company, Gevo, Ineos Group Holdings S.A., Mitsubishi Chemical Holdings Corporation, Oq Chemicals Gmbh, Petronas Chemicals Group Berhad, Sasol Limited, The Andhra Petrochemicals Limited, and The Dow Chemical Company.

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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.

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Rapeseed Oil Market Projected To Reach Approximately $37,199.4 Million By 2031: Allied Market Research

The rapeseed oil market was valued at $20,836.1 million in 2020, and is estimated to reach $37,199.4 million by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Copra, cottonseed, palm kernel, peanut, soybean, sunflower seed, and rapeseed are major oil seeds used for extraction of vegetable oil. Rapeseed has higher oil content than any other oil seeds, and is thus cultivated for the extraction of vegetable oil for household, industrial purposes, and feedstock for bio-fuel production. Rapeseed contains 40% oil and is usually extracted by pre-pressing or by solvent extraction. The presence of vitamin E and antioxidants in rapeseed oil or canola oil reduces scar tissues and repairs damaged hair and skin conditions such as itching, eczema, and acne, thus finding application in manufacturing of wide varieties of cosmetic and personal care products. Omega-3 and omega-6 fatty acids available in the rapeseed oil help in proper development, functioning, and maintenance of brain and other nervous tissues; for improvement of immune & inflammatory responses; help in lowering the risk of heart disease; and to maintain normal blood pressure.

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Europe accounts for more than 60% of the produced rapeseed oil to manufacture bio-diesel. Thus, increase in consumption of rapeseed oil as a feedstock for bio-fuel is expected to drive the rapeseed oil market growth. The nutritional and health benefits associated with rapeseed oil have led to its evolution in the U.S., China, and India. However, high prices of rapeseed oil in these countries makes it uncompetitive for biodiesel production. Moreover, uncertainty in climatic conditions resulting in fluctuation of rapeseed prices, lower domestic production, and increase in compaction from other oil seeds, including soybean & palm kernel for producing vegetable oil may restraint the rapeseed oil industry growth.

The key players profiled in the report include The Archer Daniels Midland Company, Associated British Foods plc., Cargill Incorporated, ConAgra Foods, Inc. (CAG), CSS Estates, Mackintosh of Glendaveny, Ola Oils, Glencore Grain Investment LLC, RISOIL S.A., and Yorkshire (Breckenholme Trading Company).

As per the global rapeseed oil market analysis, it is segmented on the basis of the type, application, distribution channel, and region. Depending on the type, the market is divided into processed and virgin. According to application, the market is segregated into food processing, bio-fuel, cosmetics & personal care, and others. As per the distribution channel, the market is bifurcated into supermarkets and hypermarkets, independent retail stores, business to business, online sales channels. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Poland, Romania, Czech Republic, Russia, Ukraine, Norway, Switzerland, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, and rest of Asia-Pacific), and LAMEA (Iran, Turkey, Chile, Israel, UAE, Ethiopia, Paraguay, Argentina, and rest of LAMEA).

According to the type, the processed segment dominated the rapeseed oil market size, garnering about 88.7% of the rapeseed oil market share. This dominance is attributed to increase in adoption of the traditional processing techniques that helps to extract high volume of oils from the rapeseed. The wide spread availability of the processed rapeseed oil and increase in penetration of traditional processing techniques across the globe significantly propel the growth of the processed segment.

By application, in 2020, the food processing segment accounted for the highest revenue and is anticipated to grow at a significant CAGR of 5.6%. Rapeseed oil contains low content of saturated fatty acids and high content of monounsaturated fatty acids, which reduce bad cholesterol levels, thereby preventing the risk associated with heart diseases and stroke. Thus, health benefits offered by rapeseed oil boost the market growth.

Depending on the distribution channel, the online segment is projected to be the fastest-growing segment in the forthcoming years. Online retailers and online groceries are rapidly penetrating across the developed and developing markets. Increase in adoption of digital technologies and improvement in internet access boost the use of the online groceries, which is a significant growth driver of the online sales channels.

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Region wise, in 2020, Asia-Pacific accounted for the highest share, in terms of value and volume, registering a significant CAGR of 5.5%, from 2022 to 2031. In this region, rapeseed oil is used for food processing and contributes less in industrial applications such as bio-fuels and cosmetics. China is the largest consumer of rapeseed oil, accounting for approximately one-third share of the global rapeseed oil market in terms of volume, and is expected to maintain its dominance during the forecast period. Indonesia is anticipated to grow at the highest CAGR of 6.5% during the forecast period.

KEY FINDINGS OF THE STUDY

North America is expected to grow at the highest CAGR of 6.2% from 2022 to 2031, followed by LAMEA, in terms of revenue.
In 2020, the bio-fuel segment accounted for 24.4% of the share in terms of value and is expected to grow at a significant CAGR.
China generated the highest revenue, accounting for approximately 31.9% of the market share of the global rapeseed oil market in 2020.
In 2020, Asia-Pacific accounted for the highest market share accounting for approximately 49.6% of the market share, in terms of revenue.

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Poultry Feed Market Size to Reach $217.7 Bn by 2031; Industry Compound Annual Growth Rate of 6.3%

According to the report, the global poultry feed industry generated $119.8 billion in 2021, and is anticipated to generate $217.7 billion by 2031, witnessing a CAGR of 6.3% from 2022 to 2031.

Prime determinants of growth

Rise in worldwide population, consumption of poultry-based products, increased awareness regarding protein intake in daily diet, and shift in customer taste toward white meat rather than red meat drive the growth of the global poultry feed market. However, rise in vegan population hinders the market growth. On the other hand, high economic expansion in Asia-Pacific and the MEA countries has increased meat production and consumption in these regions, which in turn, presents new opportunities in the coming years.

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Leading Market Players

Anko Food Machine Co. Ltd.
Berkshire Hathaway Inc.
Bucher Industries
John Bean Technologies Corporation (JBT)
Hosokawa Micron Corp.
GEA Group
Mallet & Company, Inc.
NICHIMO CO., LTD.
SPX Corporation
Tetra Laval International S.A.

Covid-19 Scenario

The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global poultry feed market, owing to its restrictions in the import & export activities.
The implementation of the global lockdown disrupted the supply chain, which created several challenges for the manufacturers to transport raw materials for the production of chicken feed.

The conventional segment to maintain its leadership status throughout the forecast period

Based on nature, the conventional segment held the highest market share in 2021, accounting for 84% of the global poultry feed market, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to increasing demand for poultry and its products. Moreover, the organic segment is projected to manifest the highest CAGR of 7.5% from 2022 to 2031, owing to rise in demand for natural and organic feed globally.

The offline segment to maintain its lead position during the forecast period

Based on distribution channel, the offline segment accounted for the largest share in 2021, contributing to 81% of the global poultry feed market, and is projected to maintain its lead position during the forecast period. This is because presence of this product is more on offline stores and consumers prefer the physical stores around the globe. However, the online segment is expected to portray the largest CAGR of 7.8% from 2022 to 2031, owing to the use of social media and increasing digital shopping platforms across the world.

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Asia-Pacific, followed by North America, to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue 2021, accounting for more than two-fifths of the global poultry feed market. Moreover, the same region is expected to witness the fastest CAGR of 7.4% during the forecast period, owing to high production levels.

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Carmine Market Growing at 6.7% CAGR to Hit $57.5 million by 2025 | Allied Market Research

The report provides a detailed analysis of drivers & opportunities, market size & share, segmentation, top investment pockets, and technology trends that prevail in the industry. Information about the major market players operating in the segment are also discussed. As per the report, the global carmine market was estimated at $33.9 million in 2017 and is expected to hit $57.5 million in 2025, growing at a CAGR of 6.7% from 2018 to 2025.

Health fears over artificial food additives, the colors used in the production of such additives, growth in need for naturally extracted carmine for processed food, and rise in demand for natural colors on account of health benefits & cost-effectiveness have fueled the growth of the global carmine market. On the other hand, slow adoption of carmine in developing nations, lack of awareness in undeveloped nations, and high cost associated with extraction of carmine on account of biotech processes have hindered the growth to some extent. Nevertheless, technological advancements in food industries and continuous R&D for deriving cost-effective carmine by private organizations and government have created multiple opportunities in the segment.

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Frontrunners in the market

Leading market players analyzed in the research include Hansen Holding A/S, Amerilure, DDW The Color House, Chr. Naturex, colorMaker, Inc., Roha, Sensient Colors LLC, Proquimac, The Hershey Company, and Biocon. They are expanding the scope of their business operations in the developing countries by incorporating cutting-edge products in their product portfolios.

Powder segment to remain dominant through 2025

Based on form, the powder segment contributed to more than three-fifth of the total market and also came out as the fastest growing segment, registering a CAGR of 7.1% during the forecast period. The increasing demand for non-toxic natural coloring ingredient used in the food industry has spurred the growth.

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Dairy and frozen segment to rule the roost

Based on application, the dairy and frozen product segment held nearly two-fifth of the total market share and is anticipated to dominate throughout the study period. Its extensive use in dairy products such as drinking yogurt, chocolate milk, eggnog, and whey-based drinks has driven the growth. Also, wide consumption of dairy & frozen products in the developing countries has propelled the growth of the market.

North America to retain its highest share during the study period

Based on region, North America accounted for more than one-third of the total market share and is anticipated to maintain its dominance till 2025. High consumption of meat products in the region over the past few years has driven the market.

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Food Intolerance Products Market Drivers Shaping Future Growth, Revenue $22.6 Billion by 2031 | CAGR 5.9%

According to the report, the global food intolerance products market size was valued at $12,145.6 Million in 2020, and is projected to reach $22,654.4 Million by 2031, registering a CAGR of 5.9% from 2022 to 2031.

Prime determinants of growth

Rise in prevalence of celiac disease and lactose intolerance among the general population, and increased health consciousness and widespread adoption of vegan, gluten-free, & lactose-free food products drive the growth of the global food intolerance products market. However, high cost hinders the market growth. On the other hand, rise in urbanization, active promotional activities by product manufacturers, and the continuous introduction of products with aesthetically appealing packaging solutions present new opportunities in the coming years.

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Leading Market Players: –

Nestle S.A.
General Mills, Inc.
Abbott Laboratories
Kraft Heinz Company
Dr. Schär AG / SPA
Mead Johnson Nutrition Company
Danone S.A.
Fifty 50 Foods Corporation
Boulder Brands, Inc.
Kellogg Company

Covid-19 Scenario

The outbreak of the Covid-19 pandemic disrupted the sales of the food & beverage industry via brick and mortar stores, which resulted in shift of consumers toward online sales channels to purchase consumer electronic products, thus driving the growth of online sales in food intolerance products industry.
The trend is going to continue in the post pandemic.

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The Lactose-Free Food segment to maintain its leadership status throughout the forecast period

Based on product, the lactose-free food segment held the highest market share in 2020, accounting for more than half of the global food intolerance products market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 7.2% from 2022 to 2031. Lactose-free dairy can give the important nutrients found in traditional dairy products, such as calcium and vitamins, to persons who cannot digest lactose. This product category has a broad and growing health appeal among consumers. This benefits and consumer acceptance drives the segment in forecast period.

The Hypermarkets/Supermarkets segment to maintain its lead position during the forecast period

Based on distribution channel, the hypermarkets/supermarkets segment accounted for the largest share in 2020, contributing to nearly half of the global food intolerance products market, and is projected to maintain its lead position during the forecast period. This is due to the fact that they allow shoppers to find and purchase a diverse range of consumer items in one area. Moreover, the online channels segment is expected to portray the largest CAGR of 7.5% from 2022 to 2031. The use of social media and the expansion of digital shopping platforms around the world are attributed to the segment’s growth.

North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2020, accounting for nearly half of the global food intolerance products market. Food intolerance goods are popular in this region because people are more concerned about their health, which leads to the purchase of such healthy items. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 7.1% from 2022 to 2031. This is due to rising adoption of healthy products and rising health issues in the population.

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New Zealand Bathroom Products Market is Expected to Reach $772.2 Million by 2030, Registering a CAGR of 8.0% | Top Company Overview

According to a new report published by Allied Market Research, titled, “New Zealand Bathroom Products Market by Price Point, Application, Distribution Channel, Type: Global Opportunity Analysis and Industry Forecast, 2021-2030,”

The New Zealand bathroom products market size was valued at $358.5 million in 2020, and is estimated to reach $772.2 million by 2030, registering a CAGR of 8.0% from 2021 to 2030. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

Bathroom products have become essential bathroom accessories used in routine life. Bathroom products such as faucets, showers, bathtubs, and basins are commonly made up of ceramic, stone, glass, wood, metal, and other materials. Bathroom products accessories are available in different designs and styles that are used for different purposes and with convenience of people.

According to New Zealand bathroom products market trends, on the basis of type, the toiletries segment has highest share in product market. Awareness and consciousness of population regarding cleanliness and sanitation is the major factor that boosts the New Zealand bathroom products market growth.

Presently, owing to the rise in cases of the deadly coronavirus, washing hands and maintain hygiene and cleanliness in public areas is of utmost importance and has also been mandated by the WHO as basic means to avoid the spread of the diseases. Hence, demand for sanitization products such as hand washes, which are basically liquid soaps has increased, which, in turn, propels the market growth.

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On the basis of application, the commercial segment was the significant contributor to the market, with $91.8 million in 2020, and is estimated to reach $208.3 million by 2030, at a CAGR of 8.5% during the forecast period. The segment witnessed a major growth rate, owing to the growing tourism and hospitality sector. Expansions of the hotel & quick services restaurants are significant users of bathroom products. Furthermore, luxury hotels are major buyers for luxury price point bathroom products, which is expected to support growth of the New Zealand bathroom products market.

Players operating in the New Zealand bathroom products industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market.

The key players profiled in this report include:

• Atherna Bathrooms
• Felton Industries Ltd
• Foreno Tapware
• GWA Group Limited
• Heirloom International Ltd.
• Kohler Co.
• NZ Glass
• Robertson Bathware
• Sussex Taps
• The Procter And Gamble Company.

Key Findings Of The Study
• The New Zealand bathroom products market was valued at $358.5 million in 2020, and is estimated to reach $772.2 million by 2030, registering a CAGR of 8.0% from 2021 to 2030.
• By price point, the premium segment is estimated to witness considerable growth, registering a CAGR of 8.8% during the forecast period.
• In 2020, depending on application, the commercial segment was valued at $91.8 million, accounting for 25.6% of the New Zealand bathroom products market share.
• By distribution channel, the B2B segment is estimated to witness considerable growth, registering a CAGR of 7.8% during the forecast period.
• In 2020, depending on type, the basin & bathtubs segment was valued at $99.8 million, accounting for 27.8% of the market share.

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Pisco Market Trends, Growth, Development Status, Future Plans Analysis by 2030

The Pisco market is expected to witness significant growth spirit tourism to provide growth impetus, and craft spirits gaining traction among millennials and baby boomers.

Pisco Market by Origin, Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global pisco market size was valued at $558.5 million in 2020, and is projected to reach $1,173.6 million by 2030, registering a CAGR of 6.3% from 2021 to 2030. In 2020, the Chile segment accounted for the highest share in the pisco market. Pisco is highly produced in the region of Chile and Peru as an alternative to orujo, a pomace brandy that was being imported from Spain since the 16th century.

In various regions around the world, alcoholic drinks have become an integral part of daily life. In some countries, such as the US, Canada, and Europe, they are often considered as part of the daily life of the people. The rise in social acceptance of female drinking is one of the main factors that is driving the alcohol-based market. Younger population is also influenced by their peers. Due to various factors such as increasing social media penetration, changing lifestyle, and higher family income, alcoholic products are more preferred by consumers. This is expected to continue to drive the pisco market growth.

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Moreover, due to the rapid pace of technological change in the food and beverage industry, many companies are shifting their R&D efforts away from their headquarters. Due to the increasing number of products that are better than their rivals, the focus on R&D will increase. This is also expected to improve the sales of pisco.

According to the pisco market analysis, the market is segmented on the basis of origin, type, sales channel, and region. By origin, it is divided into Peru and Chile. On the basis of type, the market is split into Pisco Puro, Mosto Verde, and others. Based on sales channel, the supermarket/hypermarket segment generated the highest revenue in 2020.

The on trade sales channel such as supermarket, specialty stores of pisco have nosedived across the world, owing to the closure of HORECA industry across the world. Furthermore, recent development in resurgence of the second wave of coronavirus in Europe and North America is one of the major challenges the industry is expected to face in the coming days.

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Latin America accounted for over 55.3% of the Pisco market share, and is anticipated to maintain its dominance throughout the pisco market forecast period. Pisco market has been provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast are provided for the UK, Germany, France, Italy, Spain, Russia and rest of Europe.

Countries covered in Asia-Pacific include Japan, China, Australia, India, South Korea, Indonesia, Thailand, and rest of Asia-Pacific. Japan, China, and Australia are the leading markets for Pisco in the region. LAMEA includes Brazil, Argentina, Chile, Peru, South Africa, UAE, and rest of LAMEA.

The key players profiled in pisco industry include Barsol Pisco GmbH, Bauza, Bauza, Compañía de las Cervecerías Unidas S.A, Cooperative Agricola Pisquera Elqui ltda, Macchu Pisco LLC, Pisco Malpaso, Pisco Porton, Pisquera Tulahuen SpA, and The Pisco People.

Key findings of the study

By form, the capsule & tablets segment held the highest share, accounting for 56.1% of the global Pisco market.
Based on nature, the organic segment witnessed a major growth rate of 12.8%.
Based on end use industry, food & beverage segment held the major share of 48.2% of the Pisco market.
Based on distribution channel, business to business segment witnessed a major annual growth rate of 12.9%.

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Asia-Pacific Skin Care Market is Anticipated to Reach $105,668.2 Million by 2030, Grow a CAGR of 5.4% | Allied Market Research

According to a new report published by Allied Market Research, titled, “Asia-Pacific Skin Care Market by Product, Age Group, Demographic, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2030,” Asia-Pacific skin care products market was valued at $61,253.6 million in 2020, and is projected reach $105,668.2 million by 2030, registering a CAGR of 5.4% from 2021 to 2030.

“Despite an overall general slowdown predicted for skin care market’s value sales in 2020 in response to COVID-19 due to weaker demand for larger categories such as moisturizers and treatments, including mass anti-agers, a number of skin care products are set to experience marginally higher demand.“

Skin care products are witnessing an increased adoption in recent years, owing to rise in young demography, incremental disposable income, and increase in consciousness of personal well-being and desire to develop & maintain strong identity and self-image. In addition, surge in awareness among Asian consumers regarding physical appearance and rise in demand for personalized products & services have boosted the growth of the Asia-Pacific skin care products market.

Moreover, various multinational brands such as L’oréal S.A. and Beiersdorf AG have entered into countries such as the Philippines, Indonesia, Malaysia, and India, and are focusing on increasing their customer base through their respective pricing strategies and by providing high-quality products to consumers. Upsurge in demand for herbal and natural skin care products is anticipated to boost the growth of the regional skin care products market in the upcoming years.

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Moreover, support from government to cosmetic enterprises for local expansion is expected to boost the growth of the market during the forecast period. Furthermore, male skin care products are being increasingly adopted among urban men in the region, which, in turn, will lead to improved social and work life, thus driving the market growth.

Expansion of the retail industry, emergence of modern trades, rise in popularity of westernization culture in shopping, and steady increase in income level of the consumers in Asia-Pacific are some of the key factors that boost the FMCG market in Asia-Pacific. Thus, other developing countries such as Philippines, Cambodia, and Indonesia are expanding their FMCG markets, which is expected to support the growth of overall Asia-Pacific skin care products market.

Despite an overall general slowdown predicted for skin care market’s value sales in 2020 in response to COVID-19 due to weaker demand for larger categories such as moisturizers and treatments, including mass anti-agers, a number of skin care products are set to experience marginally higher demand.

Owing to the home seclusion and preventative health trends during the pandemic, consumers were spending on essential products on priority. due to the closure of beauty salons as non-essential businesses, encouraging consumers to turn to at-home beauty treatments instead, a trend which will positively impact the demand for skin care products.

Key findings of the study

By product type, the face care segment led the market in terms of share in 2020, however, the body care segment is expected to grow with a decent CAGR during the forecast period.
On the basis of age group, the generation X segmented dominated the market in Asia-Pacific, however, the generation Z segment is expected to have the highest CAGR growth during the forecast period.
Depending on demographic, the female segment recorded the highest growth in Asia-Pacific in 2020.
As per distribution channel, the supermarkets/hypermarkets were the major revenue generator in 2020.

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Australia Period Care Market Size is Projected Reach $1,028.7 Million by 2030 | Leading Players: Unicharm Corporation, Kimberly-Clark Corporation, Procter & Gamble Co., Edgewell Personal Care Company, Knicked

Allied Market Research published a new report, titled, “Rainwear Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. The Australia period care market was valued at $630.0 million in 2020, and is projected reach $1,028.7 million by 2030, registering a CAGR of 5.3% from 2021 to 2030.

The adoption of reusable menstruation care products is on an increase owing to the rise in emphasis on the sustainable products. Most of the disposable period care products are made using plastic, which is non-biodegradable and they harm the environment. Disposable sanitary pads are one of the highest waste generators in Australia. Increase in focus on product innovations and surge in emphasis on tampons made of organic and biodegradable materials are the factors expected to fuel the growth of the period care market in Australia. The reusable period care products have gained traction in the past few years. There are many people who cannot afford the costs of buying menstruation care products regularly.

Sanitary pads, tampons, panty liners, menstrual cups, and period underwear are considered as the menstrual care or period care products. These products help absorb the menstrual fluid. Sanitary pads are the most commonly used menstrual care products among all types of period care products due to its higher penetration in Australia.

Innovative product launches coupled with increase in health concerns amongst women have been the major factors driving the growth of the feminine hygiene products market. Moreover, increase in number of working women in Australia has fuelled the growth of the market.

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“Increase in literacy and awareness of period care products in Australia are the factors driving the market growth, however, the industry is facing significant challenges due to rise in health concerns among buyers related to materials used in conventional products“

Increased government initiatives to spread awareness regarding period care boosts the growth of the Australia period care market. The Sustainable Period Project is an initiative in Australia that helps in educating the Australian women regarding the reusable and sustainable period care options.

Therefore, washable and reusable period care products is gaining immense traction and it also helps in reducing the menstrual care wastes management. In addition, rise in environmental concerns regarding the disposable wastes of period care products fosters the growth of the reusable period care products across Australia. The outbreak of the COVID-19 brought a temporary disruption in the Australia period care market. The production of the period care products hampered and this created a gap between demand and supply. This resulted in a price hike of the period care products.

The key market players profiled in this report include Unicharm Corporation, Kimberly-Clark Corporation, Procter & Gamble Co., Edgewell Personal Care Company, Knicked, Wunderthings, Modibodi, Love Luna, Juju, and Bonds. The industry is robust in nature with the presence of several large players.

Key Findings of The Study:

○ By product type, the period underwear segment is estimated to witness the fastest growth, registering a CAGR of 7.4% during the forecast period.
○ The Australia period care market was valued at $630.0 million in 2020, and is estimated to reach $1,028.7 million by 2030, growing at a CAGR of 5.3% during the forecast period.
○ By distribution channel, the pure play online segment is estimated to witness the fastest growth, registering a CAGR of 7.4% during the forecast period.

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