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Orange Extracts Market size is estimated to garner $1,022.0 million by 2030

According to a new report published by Allied Market Research, titled, “Orange Extracts Market by Form, Nature, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global orange extracts market size was valued at $580.4 million in 2020, and is projected to reach $1,022.0 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.

Orange extracts is a highly concentrated fruit flavor with a substantial degree of alcohol content, which gives it a longer shelf life and makes it popular choice in the flavoring industry. Orange extracts market is booming owing to increase in adoption of healthy diet across the globe due to rising consumers’ disposable income.

The rising demand of orange extracts from cosmetics industry and higher demand for natural flavoring agents are factors driving the growth of the market. However, fluctuating raw material prices and climatic conditions are hindering the market growth of orange extracts.

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According orange extracts market analysis, the market is classified on the basis of form, nature, end user, distribution channel, and region. By form, the market is segmented into powder and liquid. Rising trend of consuming orange extracts in variety of beverages have resulted into highest revenue generation in 2020. Based on nature, the market is segregated into organic and conventional. Conventional was the highest revenue generator because conventional orange extracts is widely preferred across various industries such as food & beverages, pharmaceuticals, cosmetics, and confectionery.

According to the orange extracts market trends, by end user, the orange extracts market is fragmented into food & beverage, cosmetics, and pharmaceuticals. The food & beverage hold the largest market share in 2020, as orange extracts is gaining traction in the market owing to easy availability and wide application in the food & beverage industry. By distribution channel, the market is categorized into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channel. The specialty stores hold the largest market share in 2020, due to availability of wide variety of products in the stores.

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According to the orange extracts market forecast, region wise, the orange extracts market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest revenue in 2020 and is expected to dominate the market during the forecast period.

The flavor trends have begun to emerge in the extracts market. For instance, the adoption of natural and organic flavors made with the help of fruits such as oranges are driving the market owing to its health benefits offered to consumers.

The COVID-19 pandemic had moderate impact on the market growth. The supply chain disruption had a negative impact, while the increase in adoption of orange extracts owing to various health benefits had a positive impact on the orange extracts market.

Population growth, rising incomes in developing countries, and urbanisation have all contributed to an increase in global orange extracts products production. The rising health-conscious people has led to increase in adoption of orange extracts in the market. As a result of which, the consumers are tending towards premium orange extracts products so as to minimize health associated risks. It also gives lucrative opportunities to producers to manufacture therapeutic and nutritional beverages concerning consumers’ health and would allow them to gain high market share by exploiting the orange extracts market opportunities.

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The global orange extracts market is driven by rapid utilization of orange extracts and demand for therapeutic foods & beverages. Healthy diet is a recent trend and has resulted in an increased focus on health, weight, and overall fitness of consumers. Therefore, the demand for premium and super premium products have witnessed a significant growth as a result of growing consumer awareness regarding benefits of orange extracts.

The major players operating in the orange extracts industry are Döhler GmbH, RC Fine Foods, Inc., McCormick & Company, Inc., Jacksonville Mercantile, OliveNation, ADM, Nielsen-Massey Vanillas, Inc., DONGYU USI, Xian Yuensun Biological Technology Co., Ltd, Shaanxi Guanjie Bio-technology Co., Ltd., and Amoretti. These major players have adopted various strategies to expand their market reach. The strategies adopted in the market are product launch, partnership, collaboration, joint venture, and acquisition.

Key findings of the study

The global orange extracts market was valued at $580.4 million in 2020, and is projected to reach $1,022.0 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.
By form, the liquid segment was the highest contributor to the market, with $375.9 million in 2020, and is estimated to reach $702.7 million by 2030, at a CAGR of 6.5% during the forecast period.
By nature, the conventional segment was the highest contributor to the market, with $431.2 million in 2020, and is estimated to reach $714.4 million by 2030, at a CAGR of 5.2% during the forecast period.
By end user, the food and beverages segment was the highest contributor to the market, with $274.2 million in 2020, and is estimated to reach $430.0 million by 2030, at a CAGR of 4.6% during the forecast period.
By distribution channel, the specialty stores segment was the highest contributor to the market, with $365.9 million in 2020, and is estimated to reach $591.4 million by 2030, at a CAGR of 5.0% during the forecast period.
By region, North America was the highest revenue contributor, accounting for $225.2 million in 2020, and is estimated to reach $372.0 million by 2030, with a CAGR of 5.2%.

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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 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.

Predictive Analytics Market Growing at a CAGR of 21.9% | Insights by Latest Trends, Future Growth Factors by 2027

Emergence of IoT and AI technologies is expected to create multiple opportunities for the key players in the industry. Rise in adoption of predictive modeling tools & big data technologies and several initiatives by governments to support big data infrastructure drive the growth of the global predictive analytics market.

Major industry players such as – lteryx, Inc., Fair Isaac Corporation, Information Builders, International Business Machines Corporation, KNIME, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., and TIBCO Solution Inc.

The global predictive analytics market was estimated at $7.32 billion in 2019, and is expected to hit $35.45 billion by 2027, registering a CAGR of 21.9% from 2020 to 2027.

Based on geography, North America held the major share in 2019, generating nearly two-fifths of the global predictive analytics market. North America serves as a lucrative market for new technologies and services, as this province exhibits high investment capabilities Simultaneously, Asia-Pacific would portray the fastest CAGR of 24.9% till 2027. This is due to increase in adoption of advanced analytics across multiple industries in the region.

Based on component, the solution segment accounted for nearly two-thirds of the global predictive analytics market share in 2019 and is expected to rule the roost by 2027. Increase in need to optimize marketing campaigns, improvement in operations to better manage inventory and other resources, and reduce business risks drive the growth of the segment. The services segment, on the other hand, would portray the fastest CAGR of 23.8% throughout the forecast period. This is due to its adoption to ensure effective functioning of software and platforms throughout the predictive analysis process.

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Based on industry vertical, the BFSI segment contributed to more than one-fifth of the global predictive analytics market revenue in 2019 and is projected to retain its dominance during the study period. This is attributed to high deployment of predictive analytics for risk management, fraud detection, customer management, customized solutions, and others. Simultaneously, the healthcare segment would manifest the fastest CAGR of 24.8% from 2020 to 2027. This is due to increase in use of predictive analytics for developing precision medicine, predicting virus spread, and managing the supply chain.

Covid-19 scenario

In the midst of the outbreak, the healthcare industry has happened to utilize predictive analytics tools to better understand the virus and its spread which, in turn, has boosted the market growth.
However, there has been dearth of skilled IT professionals during lockdown which, in turn, has curbed the growth to some extent.

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Fitness Equipment Market – Growth , Trends , Covid-19 Impact , and Forecast 2021–2028

Self-care is becoming a vital part of people’s health amid COVID-19, including mental, physical, and emotional health

According to a new report published by Allied Market Research, titled, “Fitness Equipment Market by Type and End User: Opportunity Analysis and Industry Forecast, 2021–2028,” the Fitness Equipment market was valued at $11.6 billion in 2020, and is projected reach $14.8 billion by 2028, registering a CAGR of 3.3% from 2021 to 2028

“Increase in concerns over health amid COVID-19 pandemic is driving the market expansion, however, the industry is facing significant challenges due to high cost of fitness equipment.”

Key Findings Of The Study

By region, North America dominates in terms of fitness equipment market share and is expected to retain its dominance during the forecast period.
By type, the cardiovascular training equipment segment led in terms of market share, and is expected to gain market share in the upcoming years
By end user, the home consumer segment accounted for more than 60% share of the fitness equipment market growth in 2020, due to imposition of social distancing and gym closures during the COVID-19 pandemic. However, the health club/gym segment is poised to grow at highest CAGR during the fitness equipment market forecast period from 2021 to 2028.
By end user, the health club/gym segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 6.4% during the forecast period.
By region, Asia-Pacific is anticipated to grow with robust CAGR of 5.7% during the forecast period.

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Rise in awareness regarding health & fitness, increase in obese population, government initiatives to promote healthy lifestyle, and increase in youth population are the major factors that drive the growth of the global fitness equipment market size. However, counterfeiting of fitness equipment is a key restraining factor of the market. On the contrary, upsurge in youth population, improved lifestyle, and rise in disposable income of individual in developing countries are anticipated to offer immense opportunities for the market players.

An alarming rise in global obesity, especially in urban areas, supplements the growth of the fitness equipment industry. According to the WHO, there has been a startling increase in the number of obese people worldwide. In 2020, world’s 39% of adults aged 18 years and above were overweight and 13% were obese. Obesity is associated to a number of health issues or disorders such as sudden cardiac arrest, hypertension, hypotension, and diabetes. Therefore, to lose weight, reduce stress, and improve blood circulation, obese people tend to use more of fitness equipment. Fitness equipment market trends such as self-care for health and virtual fitness training sessions are the major growth pillars to support the sales for these products.

Some of the key players in the fitness equipment market analysis includes :-
ANTA SPORTS PRODUCTS LIMITED
CORE HEALTH & FITNESS, LLC
ICON HEALTH & FITNESS, INC.
IMPULSE HEALTH TECHNOLOGY CO., LTD.
JOHNSON HEALTH TECH. CO., LTD.
NAUTILUS, INC.
PELOTON INTERACTIVE INC.
TECHNOGYM S.P.A.
TORQUE FITNESS, LLC
TRUE FITNESS TECHNOLOGY, INC.

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The fitness equipment market is segmented into type, end user, and region.

Depending on type, the fitness equipment market analysis is categorized into cardiovascular training equipment, strength training equipment, and other equipment. The cardiovascular training equipment segment is bifurcated into treadmill, elliptical, stationary bike, rowing machine, and others.

By end user, the market segregated into home consumer, health club/gym, and other commercial user.

By Region North America (U.S. Canada Mexico)
Europe ( UK France Germany Italy Spain Portugal Benelux Rest of Europe)
Asia-pacific ( Japan Korea China India Hong Kong Indonesia Vietnam Australia Malaysia Rest o f Asia-Pacific)
LAMEA ( Brazil Rest of LAMEA)

Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Fitness Equipment Market
– Changing market dynamics of the Fitness Equipment Market Industry.
– In-depth segmentation of Fitness Equipment Market by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments.
– Competitive landscape of Fitness Equipment Market.

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FREQUENTLY ASKED QUESTIONS?

Q1. What will be the Fitness Equipment Market Size From 2021 to 2028?
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At-Home Fitness Equipment Market https://www.alliedmarketresearch.com/at-home-fitness-equipment-market-A11430

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The furniture market is expected to register a CAGR of 3.8% during the forecast period of 2022-2031

global demand for furniture is expected to increase, owing to rapid urbanization and high purchasing power of millennial generation. The residential segment dominates the market, owing to growing phase of infrastructure and the real estate market. Moreover, advance technology of manufacturing has lowered the cost and time for manufacturing. However, manufacturers believe that rise in raw material prices would have a long-term impact on the market and hamper growth of market during the forecast period

According to a new report published by Allied Market Research, titled, “global furniture market by type, distribution channel, and region: global opportunity analysis and industry forecast, 2020–2031,” the global furniture market size was valued at $ 5,56,367.80 million in 2020, and is projected to reach $ 8,77,438.20 million by 2031, registering a CAGR of 3.8% from 2022 to 2031. Furniture are objects used to support various human activities such as seating, eating, and sleeping. Furniture are also used to hold and position an object at certain required height either to store things or for aesthetic appeal. Depending on end use, furniture designs can be modified through machine-based processes and handcrafting. Furniture manufacturing involves highly skilled and creative professionals.

The residential segment in the furniture market is anticipated to have the highest market share during the forecast period. Rise in global economy has increased the spending capacity of consumers, which, in turn, has led to rise in sales of branded furniture items in the furniture market. Growing phase of the infrastructure and real estate market has led to rise in demand for residential furniture products in various country across the globe.

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The furniture market is driven by emerging new species of wood tree for furniture manufacturing and marketing through internet are some of the factors that are expected boost the market growth. Furthermore, the furniture market is driven by various factors such as rise in disposable income, growth of real estate and hospitality industries, and demand for luxury and premium furniture from certain consumer sections.

In addition, increase in government investments in infrastructural development boosts demand for the furniture products in the residential and commercial sector in the future. Integration of internet of things into furniture products is projected to further escalate the furniture market growth. Moreover, development of automated manufacturing system is anticipated to have a significant impact on the industry during the forecast period. Furthermore, demand for versatile and multi-functional products that offer portability and can easily be accommodated in small spaces also drives the market growth.

The global furniture market is segmented on the basis of type, distribution channel, and region. By type, it is classified into RTA, residential, and commercial. The distribution channel comprises supermarkets & hypermarkets, specialty stores, e-commerce, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Spain, the UK, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, the UAE, and rest of LAMEA)..

The commercial segment is expected to grow comparatively faster than other types witnessing a CAGR of 4.1%. Growth of the segment is driven by large enterprises, corporates, and even emerging small companies that are investing heavily in furnishing and interiors of office spaces to provide employees with comfortable and productive environments. Thus, vendors are designing office furniture that offers better comfort and minimizes stress. In addition, smart furniture is also gaining popularity.

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On the basis of region, the market is dominated by North America, particularly owing to large domestic demand coupled with rise in disposable income and change in lifestyle of consumer across the region. Moreover, integration of internet of things into furniture products and development of automated manufacturing system are anticipated to have a significant impact on the furniture industry during the forecast period. In addition, LAMEA is expected to witness a 4.1% CAGR during the forecast period.

Key findings of the study

By type, the residential segment accounted for the highest furniture market share in 2020, growing at a CAGR of 3.6% from 2022 to 2031.
By distribution, the specialty stores segment accounted for about 48.8% share of the furniture market share in 2020, and is expected to experience growth at CAGR of 3.5%.
Region wise, North America accounted for about 37.1% of the furniture market size in 2020, and is expected to grow at a CAGR of 3.6%.
By type, the commercial segment accounted for 29.3% market share in 2020, growing at a CAGR of 4.1% from 2022 to 2031.
Region wise, Asia-Pacific market and is expected to grow at the highest CAGR of 4.6%.

The key players operating in the furniture industry are :-

Haworth, Inc., Inter IKEA Systems BV, Steelcase Inc., Masco Corporation, HNI Corporation, L. & J.G. STICKLEY, INC., Kimball International, Inc., Okamura Corporation, Heritage Home Group LLC, and Durham Furniture Inc.

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Include Covid-19 impact Analysis

Food Thickeners Market Emerging Growth Analysis, Future Demand and Business Opportunities 2031

Food Thickeners Market by Type, Source, and Application: Global Opportunity Analysis and Industry Forecast, 2022–2031. The global food thickeners market was valued at $13,085.2 million in 2021, and is estimated to reach $22,336.8 million by 2031, registering a CAGR of 5.6% from 2022 to 2031. In 2021, the starch segment accounted for more than two-thirds of food thickeners market share.

Food thickeners are used in the food industry to enhance several basic properties of food products such as viscosity, texture, stability, taste, and flavor. Moreover, these substances enhance the appearance of food stuffs and can replace high fat oils &creams in numerous recipes. These are used in a wide range of application to improve texture, food structure, mouth feel, and shelf-life.

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Rise in demand for convenience & processed food and consumer inclination toward dietary meals favor the market growth. Further, rise in health consciousness among individuals is expected to deliver a substantial growth opportunity to the global industry players. However, variation in prices and surge in R&D costs associated with the production of food thickeners are projected to impede the food thickeners market growth. In 2021, starch was the leading thickener type segment, as it is the most common food thickener used for soup, sauces, stew, and gravies. It is the most common carbohydrate in human diet and is present in large amount in staple foods such as wheat, potatoes, rice, maize, and cassava.

Starch when dissolved in warm water forms a wheat-paste that can be used as a thickening, stiffening, or gluing agent. In 2021, dairy & frozen desserts segment was the leading segment, and it is anticipated to continue to lead during the forecast period. In frozen food, thickeners produce light foam and add texture to dishes. Functional proteins, starch, and hydrocolloid help to achieve right consistency in drinks & desserts and improve the product’s shelf life. In 2021, plant-based sources of food thickeners were the leading segment as these thickeners were commercially important and employed in a wide range of applications. Thus, the food thickeners market demand is growing among the food manufacturers especially in developing nations such as India, Indonesia, and others.

The food thickeners market is segmented on the basis of type, source, application, and region. By type, it is divided into starch, protein, and hydrocolloid. By source, it is classified into plant, animals, and microbial. On the basis of application, it is categorized as bakery, confectionery, sauces, dressings, marinades & gravies, beverages, dairy & frozen desserts, and convenience & processed foods. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Archer Daniels Midland Company, Cargill, Inc., E. I. DuPont de Nemours and Company, Ingredion Incorporated, Kerry Group Plc., CP Kelco, Darling Ingredients, Tate & Lyle PLC., Ashland Specialty Ingredients, and TIC Gums and others are some of the key players in the food thickeners industry.

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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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Liqueurs Market – Opening New Avenues for Growth in the market

Liqueurs Market by Type (Neutrals/Bitters, Creams, Fruit Flavored, and Others), Packaging (Glass, PET Bottle, Metal Can, and Others), and Distribution Channel (Convenience Stores, On-premises, Retailers, and Supermarkets), and: Global Opportunity Analysis and Industry Forecast, 2022–2031″. As per the report, the global liqueurs industry was pegged at $118.04 billion in 2021, and is estimated to reach $166.96 billion by 2031, growing at a CAGR of 3.4% from 2022 to 2031.

Rise in the global young-adult demographic, high disposable income, and rise in consumer demand for premium/super premium products have boosted the growth of the global liqueurs market. However, lack of penetration in developing countries and the growth of sport drinking coupled with rise in health concerns hinder the market growth. On the contrary, rise in mergers of market players would open new opportunities for the market players in the future.

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By type, the fruit flavored segment is estimated to register the highest CAGR of 5.2% during the forecast period, due to availability of variety of fruit flavored liqueur such as cherry liqueur, pear liqueur, peach liqueur, apricot liqueur, and plum liqueur. However, the neutrals/bitters segment dominated the market in terms of revenue in 2021, contributing to more than two-fifths of the global liqueurs market, due to rise in consumption of liqueurs and change in lifestyle in developing region such as Asia-Pacific and LAMEA.

By packaging, the glass segment held the largest share in 2021, contributing to more than 90% the global liqueurs market, as it keeps liqueurs cool for a longer time and preserves it well. However, the metal can segment is estimated to register the highest CAGR of 7.6% during the forecast period, as it offers high resistance to sunlight and oxygen, and prevents loss of carbon dioxide in better manner as compared to glass bottles.

By region, the global liqueurs market across Asia-Pacific, followed by Europe and North America, held the largest share in 2021, accounting for nearly two-fifths of the market. In addition, the region is projected to portray the highest CAGR of 4.6% during the forecast period, due to rise in consumption of liqueurs, rise in youth population, and change in lifestyle in developing countries.

Covid-19 scenario:

The Covid-19 pandemic negatively affected the market due to restriction on import-export of non-essential goods. The implementation of curfew and practice of maintaining social distance affected the domestic and international production of liqueurs. During the pandemic, manufacturers encouraged online sale of liqueurs to reach a larger consumer base.

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. Key players profiled in the report include Bacardi Limited, Beam Suntory Inc., Brown-Forman Corporation, Diageo Plc, Davide Campari-Milano S.p.A., GirolamoLuxardoS.p.A, Lucas Bols B.V., Mast-Jägermeister SE, PernodRicard SA, and Remy Cointreau.

Other market players (not profiled in report) in the value chain include DeKuyper Royal Distillers, E. & J. Gallo Winery, Peel Liqueur, Sazerac Company, Stock Spirits Group, The Drambuie Liqueur, Terra Ltd., and CL World Brands Limited

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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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Vegan Fast Food Market Top-Companies, Future-Growth, Regional Analysis, Business-Opportunities 2029

Vegan fast food is a type of food that excludes meat items and can be prepared and served in a very little time. Vegan fast food contains vegetable and vegan products, which include pastas, pizzas, pastries, Chinese food, and other snacks. Changes in taste and preferences influence the demand for vegan fast food.

COVID-19 Scenario Analysis:

COVID-19 has adversely affected the vegan fast-food market. There is an increase in the demand for food that has a long shelf life. There is a decrease in the supply of such products due to lockdown across the world. The online sales channel is the only option to fulfill the demand of the customers. Due to online channels, the companies are also coping with the losses caused by the shutdown of the retail stores. The retail stores are having problems with supply due to bulk purchases by the customers. The lockdown and restriction on travel and import-export has also caused a problem for the government and affected the financial problems.

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

Surge in awareness about the health issues and animal health and changes in lifestyle are the factors that drive the growth of the global vegan market. With the changing perspective of people toward animals and the environment, people are shifting toward vegan food products. The increase in college students who live in PG’s or rental rooms is also the factor that contributes toward the growth of the global market. However, problems like obesity caused due to the fast-food hamper the growth of the global vegan fast food market.

The global vegan fast food market trends are as follows:

The companies are focusing on introducing different new vegan fast food offers to attract customers due to rise in awareness. Many fast-food companies like Burger King are offering plant-based burgers that help them to catch the attention. The new fast food dishes on the menu can help the companies to survive in the long run. For example, Dunkin’ has introduced a plant-based sausage breakfast.

Top Key Players: The Wendy’s Company, Yum! Brands, McDonald’s Corporation, Tim Hortons, Restaurants Brand International, Doctor’s Associates Inc., Dunkin’ Brands, Domino’s Pizza, Inc., Papa John’s Pizza

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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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Fruit Beer Market Growing Demand, Production Scope and Revenue 2020 to 2027

Fruit beer is made up of fruits such as raspberries, cherries, and plums. The consumption of fruit beer with minimal alcoholic content does no harm to the health and so is gaining popularity in the market. Increase in disposable income, substitutability of safe fruit beer at place of harmful alcoholic drinks and changes in consumer preferences drive the growth of the market.

COVID-19 Scenario Analysis:

Production shutdown scenario

Amid the situations of COVID-19, the production and extraction process of fruit beer has been abruptly shut down and this results in decline of revenue for the firm.

Since the lockdown, the fruits, being the basic raw material for fruit beer are not available due to shut down of transportation. This hampers the production and creates a disruption in the market demand and supply of the products.

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

Fruit beer has gained popularity in recent years where the benefits of fruit extractions are delivered in form of exotic beverages. The consumer base is gradually shifting from consuming the alcoholic drinks to alcohol-free fruit beers. This boosts the market for fruit beer industry and enables the customers to enjoy the rich taste of fruits in the form of remarkable beverage product. Although fruit beer does not contain harmful content of alcohol, there is an increase in the global concern against the consumption of alcoholic drinks and this restrains the market growth. Restrictions imposed on teenagers on the consumption of alcohol boosts the growth of the fruit beer market.

The global fruit beer market trends are as follows:

Women segment to flourish the market

The launch of new and improved products has always led to the enhancement of customer attraction and loyalty. The advancement in the beer industry has transformed an alcoholic based beverage to an alcohol free fruit beer that is rich in fruit extraction and aroma.

This modification in the fruit beer industry has made its consumption safer and reliable. As such the product does no harm to health, neither any short time sickness or drowsiness. These transitional benefits of fruit beer have attracted a large population from the women segment. The consumers are expected to develop strong preferences for health and awareness regarding the alcoholic consumption and this generates their interest in the substitute of party beverages.

Diversification in distribution channel

The distribution channel is to be modified according to the consumer convenience so as the produced products are effectively delivered to consumers in distinct regions. Although the supermarket holds the maximum percentage of sale of fruit beer, the online medium is expanding. The online platform allows the consumers to order their favorite product from the diverse options available and facilitates delivering the product at home with payment of extra charges. Apart from this, to attract the consumer base to shop online, the marketers keep offering discounts and other benefits to boost the sales for the market.

Top Key Players: Magic Hat Brewing Company, Pyramid Breweries Inc., Joseph James Brewing Company Inc., All Saints Brewing Company, Unibroue, New Belgium Brewing Company, Lost Coast Brewery, Abita Brewing Co., Brewery Ommegang, Shipyard Brewing Company, Lindemans Brewery, Brouwerij Van Honsebrouck N.V., Wells & Young’s Ltd

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Wine Chocolate Market Share is Supported by a CAGR of 7.2% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “wine chocolate market by form, wine type, and distribution channel: global opportunity analysis and industry forecast, 2021–2030,” the global wine chocolate market was valued at $752.0 million in 2020, and is projected to reach $1,473.4 million by 2030, registering a CAGR of 7.2% from 2021 to 2030.

Wine chocolate is a very niche category product mostly popular in the European countries where the per capita consumption of both wine and chocolates is high. Wine chocolate is a blend of wine and chocolates that perfectly complements each other in terms of taste. The most common and the popular blend is the red wine with dark chocolate. The wine chocolates are available in wine like bottles in the liquid form and chocolate like boxes in the solid form. Both of these forms are actually a wine infused chocolate.

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The growing demand for chocolates across the globe is a major factor boosting the demand for wine chocolates among the population. North America and Europe are the major consumers of wine chocolate owing to increased disposable income, increased consumer awareness, rising awareness regarding the health benefits of wine chocolates, and higher demand for the premium chocolate products. The unique blend of wine and chocolate and its unique and aromatic taste attracts the chocolate and wine enthusiasts. Therefore, the market has a high growth potential, especially in the developed markets.

Wine and chocolate are well-known for their health benefits such as weight management, reduce bad cholesterol, lower blood pressure, improve blood circulation, prevent cancer, and improve heart health. The rising awareness among the global consumers regarding the health benefits associated with consumption of wine chocolate is expected to foster the wine chocolate market growth in the upcoming years. Moreover, rising demand among the young population for its unique taste and a perfect gifting item is boosting the growth of the global wine chocolate market.

However, there are certain factors that may hamper the growth of the wine chocolate market. The low awareness regarding the availability and health benefits of wine chocolates and low purchasing capacity of people in the underdeveloped and developing economies may hamper the growth of the market during the forecast period.

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According to the wine chocolate market analysis, the market is segmented on the basis of form, wine type, and distribution channel. Based on form, the market is segregated into liquid and solid. On the basis of wine type, the market is segmented into red wine, white wine, and others. Depending upon the distribution channel, the market is categorized into supermarkets/hypermarkets, specialty stores, and e-commerce. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, Belgium, France, the UK, Italy, Spain, Switzerland, and rest of Europe), Asia-Pacific (China, Japan, India, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, the United Arab Emirates, and rest of LAMEA).

As per the wine chocolate market forecast, based on form, the liquid segment dominated the market in 2020, garnering the highest global market share. This is attributable to the increased demand for the liquid wine chocolate among the consumers as an after-dinner drink. The solid segment is expected to be the fastest-growing segment in this market due to rising demand among the chocolate lovers for premium chocolate products.

According to the wine chocolate market trends, based on the wine type, the red wine segment dominated the market with a highest share in 2020. The red wine is extremely popular among the consumers and it is one of the most desirable type of wine combined with dark chocolate preferred by consumers. Therefore, its immense popularity has made this segment the market leader and is expected to sustain its position during the forecast period.

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Depending upon the distribution channel, the e-commerce segment is estimated to witness the highest growth rate during the forecast period. This is owing to rising adoption of smart devices, rising penetration of internet, and growing popularity of various food delivery platforms and e-commerce platforms across the globe.

Region wise, Europe dominated the global wine chocolate market. This is attributable to the increased per capita consumption of wine and chocolates in the top European countries such as Germany, France, Italy, Portugal, Sweden, and Switzerland. The wine chocolate is gaining rapid traction among the European consumers, and Europe is expected to retain its leading position throughout the forecast period. North America is estimated to be the fastest-growing market owing to rising awareness regarding wine chocolates, demand for healthy food, and rising demand for premium and luxury products among the population.

Players operating in the global wine chocolate industry have adopted various developmental strategies to expand their market share, exploit the wine chocolate market opportunities, and increase profitability in the market. The key players profiled in this report include Underberg AG, Duc d’O, Alfred Ritter, NEUHAUS, Raaka, Toms International, Ferrero S.p.a., Yildiz Holdings, Amedei Tuscany, and Halloren.

Key findings of the study

The global wine chocolate market was valued at $752.0 million in 2020, and is projected to reach $1,473.4 million by 2030, registering a CAGR of 7.2% from 2021 to 2030.
By form, the solid segment is estimated to witness the fastest growth, registering a CAGR of 7.7% during the forecast period.
In 2020, depending on wine type, the red wine segment was valued at $350.9 million, accounting for 7.1% of the global wine chocolate market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $327.2 million by 2030, growing at a CAGR of 6.4% during the forecast period.

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At a Booming 37.3% Growth Rate: 5G Base Station Market Generating Revenue of $190.78 Billion by 2030

Advancement in smart infrastructure solutions is expected to create lucrative opportunities in the industry. An increase in demand for high-speed data with low latency, the emergence of interconnected devices, and surge in adoption of 5G IoT ecosystem & critical communication services drive the global 5G base station market.

Major market players – Cisco Systems Inc., Huawei Technologies Co. Ltd., Marvell, NEC Corporation, Qualcomm Incorporated, Samsung, Airspon Network Inc., Telefonaktiebolaget LM Ericsson, ZTE Corporation, and Nokia.

The global 5G base station market was estimated at $8.16 billion in 2020 and is expected to hit $190.78 billion by 2030, registering a CAGR of 37.3% from 2021 to 2030.

The global 5G base station market is analyzed across type, network architecture, core network, operational frequency, end-user, and region. Based on type, the small cells segment accounted for the major share in 2020, holding nearly two-thirds of the global 5G base station market. The macrocells segment, on the other hand, would exhibit the fastest CAGR of 40.2% throughout the forecast period.

Based on region, the market across Asia-Pacific held the lion’s share in 2020, garnering more than one-third of the global market. The same region would also cite the fastest CAGR of 41.0% by the end of 2030. The other provinces studied in the report include Europe, North America, and LAMEA.

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Based on network architecture, the 5G non-standalone segment generated the highest share in 2020, accounting for more than half of the global market. The 5G standalone segment, however, is projected to manifest the fastest CAGR of 39.8% from 2021 to 2030.

COVID-19 scenario-

An increase in demand for mobile data traffic solutions across the world has impacted the global 5G base station market positively.
Also, the rise in the trend of work from home drive has reinforced the growth even more.

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