A Market Place Research – Page 2583

U.S. Vegetable Oil Market Current Research Report And Unique Predictive Business Strategy By 2027

U.S. Vegetable Oil Market estimated at $98.6 billion in 2019, and is estimated to reach $130 billion by 2027, registering a CAGR of 4.9% from 2021 to 2027. The report offers an extensive analysis of changing market trends, top winning strategies, key segments, Porter’s Five Forces, and business performance of key market players.

Numerous applications of vegetable oil, growing popularity of fast food, and changes in consumer lifestyle toward more convenient foods in the food service and food processing industries augment the growth of the U.S. vegetable oil market. Nevertheless, changes in U.S. biodiesel policy or global biodiesel policy restrain the market growth. However, increase in use of vegetable oils such as olive oil and canola oil, owing to their health benefits is anticipated to usher a plethora of opportunities for the players in near future.

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The U.S. vegetable oil market is segmented based on product type and distribution channel. Based on product type, the market is divided into soybean oil, palm oil, sunflower oil, olive oil, canola oil, corn oil, and others. The soybean oil segment held the highest market share in 2018, contributing to around one-third of the total share, and is estimated to maintain its leadership status throughout the forecast period. On the other hand, the canola oil segment is expected to grow at the highest CAGR of 6.3% from 2021 to 2027.

Based on distribution channel, the report is segmented into business-to-business (B2B) and business-to-consumers (B2C). The B2Csegment held the highest market share in 2018, accounting for more than half of the total share, and is expected to maintain its dominant share throughout the forecast period. On the other hand, theB2B segment would register the highest growth rate, with a CAGR of 5.7% from 2021 to 2027.

Covid-19 Scenario-

A slight negative impact has been noticed on the oilseeds and U.S. vegetable oil market during the lockdown, due to low export demand. The lockdown and social distancing norms led to shutdown of restaurants across the globe, which in turn decreased the demand from the food service industry. Nevertheless, the government bodies in various regions are easing off the regulations. This may aid the industry to coup up with the situation.

Leading industry players in the research include Cargill Inc., Deoleo, S.A., J M Smucker Company, Pompeian, Inc., Richardson International Limited, Archer-Daniels-Midland Company, Associated British Foods, Bunge Limited, Ventura Foods, LLC, and Wilmar International 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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Children Furniture Market Size is Projected Reach $48.9 Billion by 2030, Growing At a CAGR of 5.6% | AMR

According to a new report published by Allied Market Research, titled, The global children furniture market size was valued at $26.6 billion in 2020, and is projected reach $48.9 billion by 2030, registering a CAGR of 5.6% from 2021 to 2030. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

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Surge in expenditure on children-associated products and increase in advertising through social media and digital marketing drive the growth of the global children furniture market. However, rise in raw material prices and negative impact on the environment are the factors that hinder the market growth. On the other hand, increase in online shopping and usage of 3D printers present new opportunities in the coming years.

Increase in population density in metro cities has been majorly driving the growth of the children furniture industry. People are majorly migrating from rural areas to metro cities in search of job opportunities and are bringing their families along with them. About 55% of the global population was living in urban areas in 2018; however, this number is expected to surpass 68% by the end of 2050. This migration creates potential opportunities for real estate, hotels & restaurants, hospitals, and clinics, where various types of furniture, including children furniture products are required, thus increasing the demand for children furniture. Rise in urbanized population is creating huge demand for children furniture, thus driving children furniture market growth.

Based on type, the beds, cots & cribs segment accounted for the largest share in 2020, holding more than two-fifths of the total share, and is estimated to continue its leadership status throughout the forecast period. However, the cabinet, dressers & chests segment is projected to manifest the highest CAGR of 7.0% from 2021 to 2030.

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Based on sales channel, the offline channels segment contributed to the highest share in 2020, accounting for more than four-fifths of the global children furniture market, and is estimated to maintain its lead position throughout the forecast period. However, the online channels segment is expected to register the fastest CAGR of 6.3% from 2021 to 2030.

Based on region, North America held the highest market share in 2020, contributing to nearly two-fifths of the total share, and is expected to continue its lead in terms of revenue by 2030. However, Asia-Pacific is estimated to portray the largest CAGR of 8.5% during the forecast period.

Covid-19 Scenario:

• Owing to online education and classes during the Covid-19 pandemic, the demand for children’s furniture increased. However, the demand has been increased due to lockdown measures and restrictions on offline sales channels.
• However, the demand from online sales channels increased. Though there were restrictions on delivery by online platforms for a certain period, the deliveries began as restrictions were lifted and shoppers preferred this channel.

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Leading players of the global children furniture market analyzed in the research include Cello Group, Herman Miller, Cosmoplast Industrial Company LLC, Keter Group, Sleep Number Corporation, Inter IKEA Systems B.V., Pil Italica, Nilkamal Limited, Sauder Woodworking Company, Lifestyle, and Tramontina.

Key Finding of the study:

• By type, beds, cots & cribs is the largest segment, however, the cabinet, dressers & chests segment is expected grow with highest CAGR during the forecast period.
• By material, wood segment occupies about two-third of the global market share.
• By end user residential segment leads in terms of global market share however, commercial segment is likely to gain high traction in the upcoming years.
• By sales channel, online segment is likely to gain market share towards the end of forecast period, however offline channel will continue to dominate the global market.
• By region, Asia Pacific is likely to grow with highest CAGR during the children furniture market forecast period.

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Membrane Technology for Food and Beverage Processing Market Demand & Competitive Analysis by Leading Manufacturers to 2029

Membranes are natural or manufactured substances used for separation. They commonly serve the purpose of filter pads. Membranes, which are semi-permeable in nature (allow only selective compounds/substances to flow pass them) are easy to manufacture. These are gaining popularity in the process industry where purity of products is highly desired. Membranes are available in every shape and size and are required in numerous devices right from the water filter at home to large scale petroleum refining industries.

The beverage and chemical process industries are expected to lead the market as filtration and separation are of utmost importance in these sectors. Increase in demand for food & beverages, high product purity requirements of numerous companies, and availability of diverse fields of application for the membrane technology drive the market. The growth in demands of the hoteling industry, which is a direct beneficiary of membrane separation processes is also a good indicator for the market. However, on the other hand, ban on the sale of alcoholic beverages in certain areas leading to lower demand and considerable cost of manufacture of membranes restrict the market growth. With respect to the hoteling industry and restaurant business, the emerging economies (Brazil, India, China, and South Africa) having a growing middle class with increase in per capita incomes are potential markets waiting to be captured.

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The report segments the membrane technology for food & beverages processing market on the basis of type, technology, application, and geography. Based on type, it is bifurcated into polymeric membranes and ceramic membranes. Based on technology, it is classified into ultrafiltration (UF), microfiltration (MF), nanofiltration (NF), reverse osmosis (RO), pervaporation, and gas separation. Based on application, it is categorized into dairy processing, beverage processing and food & starch processing. Based on geography, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

This report provides comprehensive competitive analysis of major market players such as Aquamarijn, GE Water Treatment & Process Technologies, Graver Technologies LLC, 3M Membranes, Ferris Mfg.Corp., Xylem Inc, Siemens AG, Pore Technology Inc, Asahi Kasei Corp., Mitsubishi Rayon Co. Ltd., and Hyflux Ltd.

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Key Benefits

This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the membrane technology for food & beverages processing market.
In-depth analysis of membrane technology for the market size is conducted and estimations for key segments between 2016 and 2023 are provided.
Competitive intelligence (of leading manufacturers and distributors of membrane technology for food and beverages processing) helps understand the competitive scenario across the geographies.
Factors that drive and restrain the growth of the market are provided.
Market share for all segments with respect to each geography is detailed in the report, which helps in understanding the trends in the industry at granular level.

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.

Contact Center Software Market Expected to Reach $72.04 Billion by 2027

According to the report, the global contact center software industry was estimated at $18.70 billion in 2019, and is anticipated to hit $72.04 billion by 2027, registering a CAGR of 18.9% from 2020 to 2027.

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Increase in usage of contact center software among organizations to enhance customer experience, rise in omnichannel communication approach, rapid advancements in the field of customer relationship management, and upsurge in need for personalized services fuel the growth of the global contact center software market. On the other hand, cost issues in case of on-premise call center software impede the growth to certain extent. However, emergence of advanced technologies such as artificial intelligence, predictive analysis, cloud computing, and machine learning and increase in the usage of social media by customers are anticipated to create lucrative opportunities in the near future.

Based on component, the software segment contributed to more than two-thirds of the global contact center software market share in 2019, and is expected to lead the trail by the end of 2027. Growing popularity of interactive voice response (IVR) solutions to enable the quick resolution of queries over calls boosts the segment growth. The services segment, on the other hand, would also exhibit the fastest CAGR of 21.1% during the forecast period, due to extensive adoption of services among end users.

Based on deployment mode, the cloud segment accounted for nearly three-fifths of the global contact center software market revenue in 2019, and is expected to rule the roost by 2027. The same segment would also manifest the fastest CAGR of 20.2% throughout the forecast period. The availability of affordable internet connections is expected to boost the demand for cloud based deployment of contact center solutions in organizations.

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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. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Rich Communication Services Market Expected to Reach $12.27 Billion by 2027

According to the report, the global rich communication services industry was estimated at $1.15 billion in 2019, and is anticipated to hit $12.27 billion by 2027, registering a CAGR of 34.7% from 2020 to 2027.

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Growing awareness about the benefits of RCS over existing OTT services, rise in number of online marketing & advertising companies among small and medium enterprises, development of voice over long term evolution technology (Vo-LTE) along with mobility service, and surge in adoption of cloud-based services for managing mobile content drive the global rich communication services market. On the other hand, limited end to end encryption solutions and increasing competition over over-the-top (OTT) platforms restrain the growth to some extent. However, penetration of 5G networks and smartphones across the globe is expected to usher in an array of opportunities in the industry.

Based on deployment type, the cloud segment accounted for more than half of the global rich communication services market share in 2019, and is projected to lead the trail by 2027. The same segment would also exhibit the fastest CAGR of 36.4% during the forecast period. Rise in adoption of cloud-based RCS solution among both large and mid-sized enterprises propels the segment growth.

Based on organization size, the large enterprises segment contributed to nearly three-fifths of the global rich communication services market revenue in 2019, and is anticipated to rule the roost by 2027. The implementation of rich communication service is helping IT & telecommunication teams of large enterprises to change the way of communication with messaging, which can deliver rich content. This factor is driving the growth of the segment. The SME’s segment, on the other hand, would register the fastest CAGR of 36.6% throughout the forecast period. Growing focus on sharing rich content and rise in awareness about the benefits of audio visual messaging across SMEs fuel the segment growth.

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Online Smartphone and Tablet Games Market Expected to Reach $149.93 Billion by 2027

According to the report, the global online smartphone and tablet games industry was estimated at $30.49 billion in 2019, and is anticipated to hit $149.93 billion by 2027, registering a CAGR of 21.8% from 2020 to 2027.

Rise in smartphone penetration, free-to-play business model, and increase in the number of smartphone user fuel the growth of the global online smartphone and tablet games market. On the other hand, rising concerns regarding user privacy and security issues impede the growth to some extent. However, surge in adoption of cloud gaming and growing use of machine learning and artificial intelligence in mobile gaming apps are expected to create lucrative opportunities in the industry.

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Based on operating system, the android segment contributed to nearly three-fifths of the global online smartphone and tablet games market share in 2019, and is expected to lead the trail by the end of 2027. The same segment would also register the fastest CAGR of 22.5% throughout the forecast period, owing to the open nature of android platform.

Based on game type, the massive multilayer online games accounted for more than half of the global online smartphone and tablet games market revenue in 2019, and is anticipated to dominate by 2027. Rapidly improving internet connection in developing nations of Asia-Pacific and LAMEA and growing gaming industry across the globe drive the segment growth. The casual segment, on the other hand, would exhibit the fastest CAGR of 22.4% from 2020 to 2027. The pandemic situation across the globe and increase in lockdowns in majority of countries have attracted more consumers to social media games, which propels the segment growth.

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Robotic Process Automation Market Expected to Reach $19.53 Billion by 2027

According to the report, the global robotic process automation industry generated $1.63 billion in 2019, and is estimated to garner $19.53 billion by 2027, witnessing a CAGR of 36.4% from 2020 to 2027.

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Growth in adoption of RPA technology by organizations to enhance their performance, capabilities, and reduced operational costs due to ease in business processes, increased efficiency, and cost-effective and highly profitable operation provided by RPA drive the growth of the global robotic process automation market. However, data insecurity risk and less potential for RPA in knowledge-based business processes restrain the market growth. On the other hand, integration of new technologies with robotic process automation is anticipated to create new opportunities in the coming years.

Based on component, the software segment accounted for the highest share in 2019, contributing to nearly three-fifths of the global Robotic process automation market, and is expected to maintain its dominant position based on revenue throughout the forecast period. This is due to the need for continuous improvement in the organizations with the help of automation. On the other hand, the service segment is expected to witness the highest CAGR of 38.2% from 2020 to 2027. The demand for RPA consulting or implementation services have grown remarkably across the world for the end-to-end automation in various processes of the enterprises. This drives the growth of the segment.

Based on industry vertical, the BFSI segment accounted for more than one-fifth of the global robotic process automation market in 2019, and is expected to continue its highest contribution during the forecast period. This is attributed to the growing need for automation of processes such as duplicating of accounts and account reconciliation, cleansing and updating of account, loan processing, and credit card processing to provide improved customer experiences. However, the healthcare & IT segment is estimated to portray the largest CAGR of 44.9% during the forecast period, owing to the exponential adoption of RPA in healthcare industry to make care delivery services more effective, efficient, and affordable. Additionally, the healthcare organizations are popularly using RPA to automate the flow of information from multiple EHRs (Electronic Health Records), finance & accounting systems, partner ecosystems, and payer portals without complex coding, which further augments the segment growth.

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Remote Sensing Software Market Expected to Reach $2,606 Million by 2027

According to the report, the global remote sensing software industry garnered $976.00 million in 2019, and is expected to generate $2.60 billion by 2027, witnessing a CAGR of 13.2% from 2020 to 2027.

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Advancements in remote sensing technologies, need for remote sensing data in various defense applications, adoption of environmental risk management, and investments in satellite communication and Intelligence, Surveillance, and Reconnaissance (ISR) payloads drive the growth of the global remote sensing software market. However, lack of strict regulations & extensive government policies and requirements of high initial investment hinder the market growth. On the other hand, emergence of technologies such as cloud computing, big data analytics, and internet of things (IoT) present new opportunities in the coming years.

Based on component, the software segment accounted for the largest market share in 2019, holding around three-fifths of the global remote sensing software market, and is expected to continue to dominate in terms of revenue throughout the forecast period. This is due to increase in need for geographic imaging to process geospatial data and its time- and cost-saving benefits. However, the services segment is estimated to witness the highest CAGR of 15.3% from 2020 to 2027, owing to surge in need for remote sensing and mapping consultancy along with GPS satellite surveying and positioning services in various industries.

Based on end user, the government & defense segment contributed to the largest market share, holding nearly three-fifths of the total share of the global remote sensing software market in 2019, and will continue to lead throughout the forecast period. This is attributed to rise in demand for accessing accurate high-resolution imagery and the ability to provide information within rapid timelines. However, the commercial segment is projected to manifest the highest CAGR of 14.5% from 2020 to 2027, owing to the huge adoption to improve agricultural yields through measurement of soil moisture and crop growth along with locating sub-surface commodities such as natural gas & oil.

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Frozen Pizza Market to Exhibit Striking 7.96% CAGR till 2031

According to a new report published by Allied Market Research, titled, “Frozen Pizza Market,” The frozen pizza market was valued at $17,362.80 million in 2020, and is estimated to reach $39.4 Billion by 2031, growing at a CAGR of 7.96% from 2022 to 2031.

Frozen pizza consists of a flat round base of dough baked with vegetable or meat toppings. Pizza is one of the most popular foods in Europe and North America and are sold fresh or frozen either whole or in portions across the globe. Freezing preserves the texture, taste, and nutritional value of pizza for a longer duration.

Rise in demand for convenience is the key factor that drives the frozen pizza market. Other factors such as increased disposable income, rise in standard of living, and rapid increase in number of large retail chains supplement the growth of the market. Moreover, increase in popularity of gluten-free frozen pizza further fuels the market growth. Consumers’ assumption about the presence of high levels of sodium, fat, calories, and preservatives in frozen pizza has led to their lower sales in various developing countries. The addition of preservatives and other chemicals is perceived as a negative trait in the frozen pizza.

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Major players, such as General Mills and Nestle, have enjoyed cost advantage amidst increasing cost of raw materials on account of operational excellence. As cost of raw materials would increase, players are expected to invest in R&D to develop advanced freezing technologies to reduce energy consumption and overall production cost, thereby increase in profit margins. For instance, the advancement of technology has led to the introduction of the quickest freezing technology such as impingement freezing, hydro-fluidization freezing, high-pressure assisted freezing, magnetic resonance-assisted freezing, and others. Freezing pizza with the help of liquid nitrogen also provides a major opportunity to the frozen pizza manufacturers, thus driving the market growth.

According to the global frozen pizza market analysis, the market is divided by crust type, toppings, distribution channel, and region. Based on crust type, the market is divided as regular thin crust, extra thin crust, deep-dish, and others. By topping, it is classified as meat topping and vegetable topping. By distribution channel, it can be classified into food chain services and retail. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.

In 2016, the regular thin crust segment accounted for the highest market share in the global Frozen Pizza Market Size. Frozen pizzas are trending toward thin crusts, owing to its reduced calories and health association they offer as compared to the other stuffed and deep-dish frozen pizzas. Thus, growth in health consciousness among the consumers is anticipated to drive the regular thin crust frozen pizzas market.

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Based on toppings, meat topping segment held the major share in the market. Consumer perception about sausage, pepperoni, bacon, and chicken breast as a rich source of protein has led to its higher consumption which has led to the growth of the market.

Based on distribution channel, Retail channel gain a major Frozen Pizza Market Share. Retail consumers of frozen pizza include individuals and households. The busy lifestyle of the working population and change in eating habits of consumer has increased the demand for market ready-to-eat frozen pizza.

The key players operating in the Frozen Pizza Industry include Nestle S.A., Hansen Foods, LLC (Private Label), Schwan Food Co., Dr. Oetker, General Mills, Inc., Freiberger Lebensmittel GmbH & Co. KG., Conagra Brands Inc., Daiya Foods Inc., Amy’s Kitchen, Inc., and Palermo Villa, Inc.

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Key Findings of the Study

Regular thin crust held the major share in the market accounting near 61.8% of the total frozen pizza market.
Meat topping segment held the major share in the market and is likely to remain dominant throughout the Frozen Pizza Market forecast period.
Food Chain Services channel witness a major growth rate in the market.
The North America region account around half of the total share in 2020.
The report provides a quantitative analysis of the Frozen Pizza Market Trends, estimations, and dynamics of the seeds market size from 2020 to 2030 to identify the prevailing Frozen Pizza Market Growth.

About Allied Market Research:

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.

Wellness Tourism Market Size is Projected to Reach $1,592.6 Billion by 2030, Growing At a CAGR of 7.2% | Further Development

According to a new report, The global wellness tourism market size was valued at $801.6 billion in 2020, and is projected to reach $1,592.6 billion by 2030, registering a CAGR of 7.2% from 2021 to 2030. In 2020, the lodging segment accounted for the highest share in the wellness tourism market.

Traveling to preserve or improve one’s health is known as Wellness tourism. It is driven by a desire to live a healthy lifestyle, avoid sickness, reduce stress, control distressing lifestyle behaviors, and/or have authentic experiences will stop consumers may reclaim travel as a source of leisure, renewal, exploration, joy, and self actualization by working with the wellness sector. Wellness tourism, which encompasses the promotion of health and personal well-being via different physical, psychological, and spiritual activities, is a result of this shift in preference. It also covers transportation, housing, food and beverage, shopping, and other services food.

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The Ministry of Tourism has taken many measures to market India as a destination for medical and wellness tourism. The Ministry has established a National Medical and Wellness Tourism Board, with the Minister (Tourism) as its Chairman, to further the cause of promoting medical tourism, wellness tourism, and Ayurveda tourism.

A draft for the national strategy and roadmap for medical and wellness tourism has been developed by the Ministry of Tourism for the proper functioning of the wellness tourism sector. The Ministry of Tourism has requested feedback/comments/suggestions on the draft national strategy and road map from designated Central Ministries, all State Governments/UT Administrations, and industry players to make the document more comprehensive. On the other hand, the global Wellness institute launched a Wellness tourism initiative to raise awareness, knowledge, and possibilities in one of the fastest growing areas of global tourism.

Traveler’s Sentiment on Post-COVID Tourism.

As per the European Travel Commission (ETC), the European vacationers have an uplifting outlook towards the travel industry. Be that as it may, the explorers are concerned in regards to becoming sick or contaminated with COVID-19 infection at the destination. ETC further added that a large portion of the vacationers are liking to go inside Europe and around 65% of the sightseers favored relaxation travel and 20% have plans to visit companions and family members.

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In the U.S., the travel industry is by all accounts confined inside homegrown limits. Explorers in the U.S. like to visit outlandish areas inside the U.S. and have no plans for the global travel industry. The interest for urban communities and rural regions such as mountains, lakes, and beachfront destinations is on the ascent in the U.S. due to the rising travel costs in well-known traveling destinations.

With the rise of wellness tourism, Ayurveda institutes, hostel, and hospitality chains such as Airbnb, wellness centers/resorts, have experienced an increase in appointments and requests. According to internet booking portals, daily reservations at wellness resorts and institutes have increased by 1000 percent. As indicated by Airbnb, there has been an expanding interest in rural destinations. With the expanded speed of immunization, individuals are willing to embrace their usual travel. Yet, the majority of tourists are probably going to hit the homegrown and provincial places of interest.

Tavistock Development Company announced an intention to build innovative wellness, performance, and medically integrated exercise center in Lake Nona, Orlando. The medical integrated exercise center will be built in collaboration with Signet LLC and its subsidiary Integrated Wellness Partners (IWP). The new wellness campus is anticipated to be one of the largest in the country, with a wide range of health and wellness offerings. The new wellness campus is to be one of the most extensive in the regions, giving a wide scope of wellbeing, health benefit programs, and administrations for the entire community.

The key players profiled in this report include Accor S.A, Canyon Ranch, Four Seasons Hotels Ltd., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Marriott International, Inc., Omni Hotels & Resorts, PRAVASSA, Radisson Hospitality, Inc., and Rancho La Puerta Inc.

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Key findings of the study:

• By service type, the lodging segment held the highest share, accounting for 20.6% of the global wellness tourism industry in 2020.
• Based on location, the domestic segment held the major share of 65.1% of the market in 2020.
• Based on travelers type, the primary segment witness an exponential growth rate of 8.7% during the forecast period
• North America held the major share in the market and is expected to remain dominant during the forecast period.

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