Food Flavors Market Projected To Display A Robust Growth With a CAGR of 3.6% by 2030

Food Flavors Market by Type, End-User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,”The global food flavors market size was valued at $12,712.7 million in 2020, and is projected to reach $19,223.7 million by 2030, registering a CAGR of 3.6%. Asia-Pacific was the highest revenue contributor, accounting for majority of the share in 2020, and is estimated to at a CAGR of 4.6%.Flavors are used in various products such as bakery, confectionery, meat, snacks, seafood, and poultry. By type, the food flavors market is bifurcated into natural and artificial flavors. Rise in disposable income and change in food habits are the factors that drive the growth of the food flavors market.

Increase in demand for RTE meals and fast foods, rise in the use of health products, surge in income levels, and technological strides fuel the global food flavors market. On the contrary, rise in side effects of artificial flavors, strict government rules, and increase in health awareness among consumers hinder the market growth. On the contrary, opportunities in the unpenetrated and underpenetrated emerging countries create lucrative market opportunities.

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COVID-19 scenario:

The pandemic caused partial or complete closures of food flavor industries, thus impacted the global food flavors market negatively. Disrupted supply chains and a lack of sufficient workforce affected the production process.

The report segments the global food flavors market on the basis of type, end-user, and region.

Based on type, the synthetic segment contributed to the highest market share in 2020, attributing to more than three-fifths of the total market share, and is anticipated to dominate the market during the forecast period. On the other hand, the natural segment is expected to manifest the fastest CAGR of 4.5% from 2021-2030.

Based on end-user, the beverages segment contributed to the highest market share in 2020, attributing to nearly one-third of the total market share, and is anticipated to lead during the forecast period. On the other hand, the savory and snacks segment is expected to manifest the fastest CAGR of 5.2% from 2021-2030.

Based on region, Asia-Pacific, followed by North America, contributed to the highest share in 2020, holding nearly one-third of the total share, and is expected to lead during the forecast period. The global food flavors market across the Asia-Pacific region is anticipated to exhibit the fastest CAGR of 4.6% during the forecast period.

The Food Flavors market is for the most part an organized market which is dominated by few players. The key players in the food flavors industry relies on strategies such as product launch and acquisition to stay relevant in the global food flavors market share. The key players profiled in the report are Firmenich SA, Frutarom Industries Ltd., Givaudan International SA, Huabao International Holdings Limited, Kerry Group, Plc., Robertet SA, S H Kelkar and Company Limited., Sensient Technologies Corporation, Symrise AG, and Takasago International Corporation.

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

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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Meat Snacks Market is Expected to Gain Popularity Across the Globe by 2026

According to a new report published by Allied Market Research titled, “Meat Snacks Market by Product type, Nature, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the meat snacks market size was valued at$7.4 billion in 2018, and is expected to reach$11.3 billion by 2026, registering a CAGR of 5.50% from 2019 to 2026. In 2018, North America accounted for around 22.2% share of the global market.

The meat snack business has been enduring significant rate of growth, in terms of value sales due continuous improvisations and innovations in exiting product types by key manufacturers in the global meat snacks market. As a the fastest growing snack food segment, the meat snack market has garnered a wide base of customers specifically seeking for high protein and flavored snacks. Jerky, sticks, bars, and sausages are some of the main product types gaining higher level of traction among target customers. A key trend that is shaping meat snacks category includes gourmet brands that target customers’ desire for different tastes, textures, proteins and natural brands. The millennial generation is driving this snack evolution. Small meals packed with nutrients are a reflection of their food ethos and their on-the-go lifestyle.

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Although plant-derived protein has been making headlines, demand for protein in general is on the rise, including animal-derived proteins. Once considered a particularly North American snack, jerky has gained popularity in Europe as well, after the Jack Link’s brand entered the market in 2014, drawing attention of European snack manufacturers. Innovative new products, such as sausage crisps and traditional meat snacks from other regions, such as South African biltong, have since boosted the meat snacks. Hence rise in demand for jerky in European region is an influential meat snacks market trend.

Over past couple of years, the global meat snacks market has evolved, in terms of its product offerings, which specifically caters to varying needs and requirements of health-conscious customers. For instance, Jack Link’s, one of the key players in the global meat snacks market announced that it would be launching its new line of beef flavored bars for the North America market in the year 2020.

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The global meat snacks market analysis is segmented on the basis of product type, nature, distribution channel, and region. By product type, it is classified into jerky, sticks, bars, and others. By nature, it is bifurcated into organic and conventional. By distribution channel, it is divided into online and offline. Region wise, it 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).

Key Findings of the Study:
By product type, the bars segment is expected to register a CAGR of 6.80%.
By nature, the organic segment is expected to witness significant value sales meat snacks market growth
On the basis of distribution channel, the offline segment accounts for a higher value meat snacks market share.
Region wise, North America is estimated to garner a higher value share.

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Key players profiled in the global Meat snacks industry include Associated British Foods plc., Conagra Brands Inc., General Mills Inc., Golden Valley Natural, Hormel Foods Corporation, Jack Link’s, Monogram Food Solutions, LLC., Meatsnacks Group, Nestle S.A., Tyson Foods, and others.

Similar Reports:
Organic Snacks Market Expected to Reach $24,035.2 Million by 2025
Global Organic Coffee Market Expected to Reach $12.6 Billion by 2026

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.

Pork Meat Market Current Research Report And Unique Predictive Business Strategy By 2027

Pork Meat Market by Type (Chilled and Frozen), Packaging (Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Shrink Bags, and Others), and Application (Household and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2027″.As per the report, the global pork meat industry accounted for $236.11 billion in 2019, and is projected to reach $257.87 billion by 2027, growing at a CAGR of 3.9% from 2021 to 2027.

The growth of the pork meat market can be attributed to increase in affinity of people toward fast food and packaged food. Moreover, the expansion retail market and easy availability of the product through various sales channel makes it convenient for consumers to purchase packaged pork meat. This helps drive the sales figures and makes way for the market growth. However, rise in the adoption of veganism and implementation of stringent regulations toward animal cruelty act as the major restraints of the global pork meat market. On the contrary, rise in popularity for organic pork meat and clean label products is expect to open avenue for the global pork meat market growth.

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COVID-19 scenario:

Since the outbreak of COVID-19, the sales of pork meat have significantly decreased, owing to disruption in the supply chain and reduction in demand from restaurants. However, as governments have announced relaxation in lockdown measures and hotels & restaurants have resumed dining services, the demand for pork meat is anticipated to increase.

By packaging, the store wrap segment is expected to register the highest CAGR of 4.6% during the forecast period. This is attributed to it being the most popular form of wrapping used in retail outlets. However, the shrink bags segment held the largest share in 2019, accounting for more than half of the global pork meat market, as shrink bags are most suited in keeping perishable items fresh while being transported.

By application, the commercial segment held the lion’s share in 2019, contributing to more than half of the global pork meat market. In addition, the segment is expected to portray the highest CAGR of 3.9% from 2021 to 2027, owing to growing working population and the trend of consuming meals outside homes.

By region, the market across Asia-Pacific is expected to manifest the highest CAGR of 4.5% during the forecast period. In addition, the region held the largest share in 2019, accounting for nearly two-thirds of the market, owing to growing adoption of meat-based diet because of factors including changes in lifestyle and increase in marketing of meat products. The global pork meat market across North America is expected to register a CAGR of 2.6% from 2021 to 2027.

Key players in the pork meat market have relied on product launch as their key strategic move to stay relevant in the global market. The key players in the pork meat industry profiled in the report are WH Group, JBS S.A., Smithfield Foods, Triumph Foods, Danish Crown, Tyson Foods Inc., Tönnies, Yurun Group, Vion Food Group Ltd., and Shuanghui Development.

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About us:

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

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.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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UK: +44-845-528-1300
Hong Kong: +852-301-84916
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AIOps Market: Industry Value is Projected to Reach $644.96 Billion by 2030, at CAGR of 37.90%

Hhandrise in awareness regarding the capabilities of AIOps in the enterprise and corporate world and rise in cloud adoption and rising data volumes creates new opportunities in the coming years. Faster and more accurate root cause analysis and the amount of data to be assessed drive the growth of the global AIOps market.

The global AIOps market generated $26.33 billion in 2020 and is estimated to garner $644.96 billion by 2030, witnessing a CAGR of 37.90% from 2021 to 2030.

Major industry players IBM, Splunk, CA Technologies, VMware, Micro Focus, HCL Technologies, Appdynamics, BMC Software, Moogsoft, and Fixstream.

Based on region, North America accounted for the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global AIOps market, and is expected to continue its dominance by 2030. This is due to technologically advanced economy and growing convergence of varied technologies like AI, ML, big data, and analytics in this region. Asia-Pacific is projected to portray the fastest CAGR of 40.3% during the forecast period, as the region is witnessing dynamic changes within the adoption of automation in various business functions across verticals.

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Based on component, the platform segment accounted for the highest share in 2020, contributed to more than four-fifths of the global AIOps market, and is expected to continue its leadership status during the forecast period. This is owing to increasing connectivity within the IT operations, growing demand for image recognition system and used for growth of knowledge. However, the services segment is estimated to witness the highest CAGR of 40.6% from 2021 to 2030. This is owing to advancement in AI technologies and adoption of varied deployments.

Based on deployment mode, the on premise segment held the highest share in 2020, contributing to around three-fourths of the global AIOps market, and is estimated to maintain its lead position during the forecast period. On the premise AI Ops market is more reliable because it is taken into account by the IT teams that provide control and reliability, which propels the growth of the market. On the other hand, the cloud segment is projected to manifest the fastest CAGR of 39.1% from 2021 to 2030. This is attributed to the fact that cloud is way more scalable than on-premises deployment.

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Covid-19 Scenario

  • The emergence of covid-19 positively affected the AIOps Market due to work-from-home policies.
  • Many businesses invested in AIOps solutions to ease the growing complexity in IT requirements for many business enterprises.

About Us:

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 to make strategic business decisions and achieve sustainable growth in their respective market domain.

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, and 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.

Microalgae Market to Reach $1.48 Billion by 2028

As per the report published by Allied Market Research, the global microalgae market was accounted for $977.3 million in 2020, and is estimated to reach $1.48 billion by 2028, growing at a CAGR of 5.4% from 2021 to 2028.

Rise in vegan population to strengthen product adoption, high protein concentration as compared to counterparts, multiple benefits of microalgal protein drive the growth of the global microalgae market. However, impact on spirulina production due to climate change, presence of large number of alternatives for protein and low product awareness hinder the market growth. On the contrary, technological innovations and algae protein-fortified food are expected to open new opportunities for the market players in the future.

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Covid-19 scenario:

  • The Covid-19 pandemic severely affected the market as governments imposed strict regulations regarding social and mobility restrictions. Thus, the majority of the microalgae production facilities were closed temporarily.
  • The prolonged lockdown disrupted the supply chain and increased the prices of raw materials.
  • However, the demand for microalgae is expected to increase as several companies have invested in dietary supplements and fortified food to maintain a healthy lifestyle.

The report divides the global microalgae market on the basis of delivery mode, device, and region.

Based on type, the spirulina segment held the largest share in 2020, accounting for more than two-fifths of the market. In addition, the segment is projected to manifest the highest CAGR of 5.9% during the forecast period. The report includes an analysis of other segments such as chlorella, dunaliella salina, and aphanizomenon flos-aquae.

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On the basis of application, the food/feed segment held the lion’s share in 2020, contributing to more than one-fourth of the market. However, the dietary supplements segment is estimated to portray the highest CAGR of 6.3% from 2021 to 2030.

The global microalgae market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2020, accounting for more than one-third of the market. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 6.7% during the forecast period.

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The global microalgae market includes an in-depth analysis of the prime market players such as Algenol Biotech, Cyanotech Corporation, Cellana Inc., E.I.D Parry ltd., DIC Corporation, Kent BioEnergy Corporation, Fuqing King Dnarmsa Spirulina Co. Ltd., Holdings, Inc., Taau Australia Pty Ltd., and Astareal AB.

About Us

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

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.

Integrated Workplace Management System Market Size Projected to Reach $5.78 billion by 2027 – Exclusive Research Report by AMR

Increase in adoption of workflow automation solutions by real estate organizations, focus on energy management by government, and increase in corporate social responsibilities (CSR) activities drive the growth of the global integrated workplace management system market. 

Key industry players – IBM, Oracle, Accruent, Trimble, SAP SE, Planon Corporation, iOFFICE, Inc., Spacewell International, Archibus, Inc., and Nuvolo.

The global integrated workplace management system market garnered $2.34 billion in 2019, and is expected to reach $5.78 billion by 2027, registering a CAGR of 12.9% from 2020 to 2027.

Based on region, North America contributed to the largest market share with nearly two-fifths of the global integrated workplace management system market in 2019, and is expected to maintain its dominant position by 2027. This is attributed to rise in adoption of smart buildings along with increase in need for automated & centralized control for accounting, workplace maintenance, and leasing management. However, Asia-Pacific is expected to witness the fastest CAGR of 15.7% from 2020 to 2027. This is due to supportive government initiatives for digital technologies and energy-efficient infrastructure and regulations to offer a sustainable corporate environment.

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Based on industry vertical, the manufacturing segment held the highest market share, accounting for more than one-fifth of the total share of the global integrated workplace management system market in 2019, and will maintain its lead during the forecast period. This is attributed to its various benefits including management of operations & maintenance (O&M) and other projects from the same platform, insights offered on energy spending, and rise in productivity at all facilities. The healthcare segment is projected to grow at the fastest CAGR of 15.6% from 2020 to 2027, owing to factors such as changes in medicaid and other healthcare funding, establishment of urgent care facilities and ambulatory surgery centers, and increase in virtual care.

Based on deployment, the on-premise segment contributed to the highest share in 2019, accounting for nearly three-fifths of the global integrated workplace management system market, and is estimated to maintain its dominant share throughout the forecast period. This is due to preference of organizations to deploy solution in their own environment to gain optimal application performance and security of data. However, the cloud segment is estimated to manifest the highest CAGR of 16.6% from 2020 to 2027, owing to less investment required, flexible plans offered by vendors, and scalability.

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Covid-19 Scenario

  • Owing to lockdown enforced by governments of many countries, sectors including manufacturing, real estate & construction, and retail have been completely shut down. So, the demand declined significantly from these sectors.
  • However, the demand for IWMS experienced a significant spike from the healthcare sector as the management of facilities became an urgent need to ensure improved efficiency and a safe environment.
  • In the post-lockdown scenario, IWMS solutions would gain momentum as companies would try to devise occupancy scenarios on workplaces to determine floor plans and apply social distancing policies to ensure safe working environment.

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About Us:

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

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various 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.

Automatic Dog feeder market to garner $998.7 million by 2030

According to the report released by Allied Market Research, the global Automatic dog feeder market generated $ 344.6 million in 2020 and is projected to reach $ 998.7 million by 2030, a CAGR of 8.0% from 2021 to 2030. The report provides an in-depth analysis of the market size, future estimates, emerging and current trends, and key players.

The increase in the workforce including men and women, the increase in dog adoption, and increasing health awareness about pet health are key drivers of the global automatic dog feeder market. However, the propensity for other pets such as cats along with noisy feeding machines can hamper the automatic dog food market. On the other hand, an intelligent automatic feeder with an integrated camera and voice assistant as well as the online availability of the product create opportunities for market participants in dog feeders.

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Impact of Covid-19 on the Global Automatic Dog Food Market:

  • The automatic dog food market offline sales channels have been severely impacted due to the Covid-19 pandemic as brick and mortar stores around the world have been closed to stop the spread of the infection.
  • The market also saw positive growth due to the increased adoption of pet and related products and solutions.
  • The global automatic dog food market is estimated to be seeing positive growth in the post-pandemic world.

The report segments the global Automatic Dog Food Market by Type, Distribution Channel, Kind, and Region.

Depending on the type, the segment of programmable dog feeders had the largest market share in 2020 with almost three quarters of the total share and is expected to retain the lead over the forecast period. In addition, the same segment is expected to have the fastest CAGR of 8.4% from 2021 to 2030. The report also covered the gravity dog ​​feeder segment.

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Based on nature, the traditional dog feeder segment contributed the largest share in 2020 and accounted for more than two-thirds of the global automatic dog feeder market. The same segment is expected to lead throughout the forecast period. However, the intelligent dog feeder segment is expected to become the highest CAGR of 8.9% from 2021 to 2030.

Depending on the region, North America contributed more than two fifths of the total share to the highest share in 2020 and is expected to maintain dominance throughout the forecast period. On the other hand, Asia Pacific is expected to have the fastest CAGR of 9.7%. in the forecast period.

Leading players in the global automatic dog feeder market analyzed in the study include Doskocil Manufacturing Co. Inc. Corporation, Dogness International, Petlibro, Petkit, Trixie Heimtierbedarf Gmbh & Co., Radio System Corporation, Tuya Smart, Vet Innovations, Inc., and Wopet Pet Product Ltd.

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about us

Allied Market Research (AMR) is a full-service market research and management consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of “Market Research Reports” and “Business Intelligence Solutions” to global corporations as well as medium and small businesses. AMR provides focused business insights and advice to help clients make strategic business decisions and achieve sustainable growth in their respective market areas.

We have professional business relationships with various companies and this helps us unearth market data which will help us create accurate research data tables and confirm the highest accuracy of our market forecasts. Pawan Kumar, CEO of Allied Market Research, is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality data and help customers succeed in every possible way. All of the data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the domain in question. Our methodology for obtaining secondary data includes in-depth online and offline research and discussions with knowledgeable professionals and industry analysts.

Autonomous Data Platform Market 2022: Explore Top Factors that Will Boost the Global Market in future

The global autonomous data platform market is analyzed across component, deployment, organization size, industry vertical, and region. By component, the platform segment accounted for more than half of the total market revenue in 2020, and is anticipated to lead the trail by the end of 2030. Simultaneously, the advisory segment would cite the fastest CAGR of 25.0% throughout the forecast period.

The global autonomous data platform market was estimated at $622.56 million in 2020 and is expected to hit $4.79 billion by 2030, registering a CAGR of 22.8% from 2021 to 2030.

Rising adoption of private and hybrid cloud in modern business enterprises and growing digital data production drive the growth of the global autonomous data platform market.

Major industry players – Oracle Corporation, AWS, Ataccama, Teradata, Denodo, IBM Corporation, MAPR, Cloudera, Qubole, Inc., and Gemini Data.

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By geography, North America generated the major share in 2020, holding around two-fifths of the global market. Moreover, Asia-Pacific would cite the fastest CAGR of 25.0% by 2030. The other provinces analyzed through the market report include Europe and LAMEA.

By organization size, the large enterprise segment contributed to more than three-fourths of the total market revenue in 2020, and is expected to rule the roost till 2030. At the same time, the SME segment is expected to register the fastest CAGR of 24.7% during the study period.

COVID-19 scenario-

  • The trend of work-from-home has compelled most firms to invest in autonomous data platform solutions to simplify and speed-up their productivity, which in turn has impacted the autonomous data platform market positively.
  • Moreover, increasing network dependence and network load during the pandemic have also led to further growth of the autonomous data platform market.

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Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

About Us:

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 to make strategic business decisions and achieve sustainable growth in their respective market domain.

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, and 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.

Vegan Footwear Market – A Way Ahead in Sober & Anticruelty Fashion | Vegan Footwear Market Is Expected to reach $300.1 billion by 2030

Vegan footwear excludes the usage of animal products such as leather, wool, fur, glues, etc. and is completely manufactured from eco-friendly materials. Certain factors such as surge in vegan population, growth in demand for sustainable products, rise in concerns regarding plastic wastes, increase in awareness regarding animal rights, and others have significantly boosted the demand for vegan footwear around the world recently.

Moreover, technological advancements in synthetic products have showered more options, better styling, and enhanced performance in vegan footwear. Several eco-friendly materials, such as cotton, faux fur, synthetic microfibers, recycled plastics, virgin rubber, polyurethane and many more can be used as a material for production of footwear products.

Furthermore, vegan footwear can often end up being less expensive than the animal based footwear. Also, vegan leather is versatile and often bio-degradable. It is said to leave a less carbon footprint as compared to original leather and synthetic leather, thus are considered more environment friendly. The exploitation of exotic animals for their skins and brutality associated with the animal by-products are the major concerns with the animal based footwear. Because of these reasons, vegan footwear has become hugely acceptable in the fashion world.

According to a report published by Allied Market Research, the global vegan footwear market size is anticipated to reach $300.1 billion with a significant CAGR from 2021 to 2030. North America is currently holding the highest market share and is expected to grow at the fastest CAGR during the forecasted period.

However, the outbreak of the COVID-19 pandemic led to implement the global lockdown, due to which, the production facilities of vegan leather were completely closed, especially in the initial period. The implementation of travel & transport restrictions during the pandemic caused disruptions in the supply chain, which in turn, led to unavailability of raw materials. Also, lack of labor force caused challenges in the production hubs of vegan footwear. Temporary closure of retail shops, at the same time, gave way to reduction of footwear sales. There was a significant declined in need for footwear among consumers, as they were mostly in their homes in order to maintain social distancing norms. These factors hampered the growth of the global vegan footwear market to some extent. 

Nevertheless, the continuous rise in vegan population across developed economies such as North America and Europe is driving the growth of the vegan footwear market. As per the Vegan Society, adoption of pure veganism can considerably help in reduction of healthcare costs, avoid climate damages, and decrease emissions of greenhouse gasses. 

In addition, few more factors such as continuous growth in number of animal lovers, rise in initiatives of NGOs regarding animal rights and animal abuse, and growing trend of animal humanization are boosting the growth of the market even more. Fortunately, the varieties in vegan footwear have also gotten better over the years. With this drift on board, the vegan community is likely to grow into large numbers and likewise, the global vegan footwear market is expected to have exponential growth in the near future.

COVID-19 scenario:

  • The outbreak of the COVID-19 pandemic led to the implementation of global lockdown and temporary closure of production facilities of the vegan footwear industry.
  • Temporary shutdown of retail outlets resulted in sudden fall in demand for footwear among consumers.
  • The pandemic also disrupted the supply chain, which in turn, led to rise in prices of raw materials.

The report offers detailed segmentation of the global vegan footwear market based on material type, distribution channel, end user, and region.

Based on end user, the women segment held the highest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the children segment is estimated to register the highest CAGR of 9.4% from 2021 to 2030. 

Based on distribution channel, the specialty stores segment held the largest market share in 2020, holding more than three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the online stores segment is projected to register the highest CAGR of 11.6% from 2021 to 2030.

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Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than one-third of the global vegan footwear market, and is estimated to continue its dominant share by 2030. However, Asia-Pacific region is projected to manifest the fastest CAGR of 7.8% during the forecast period.

Leading players of the global vegan footwear market analyzed in the research include Nike, Adidas, AVESU GmbH, Beyond Skin UK, Ethletic, Hexa Vegan Shoes, Matt & Nat, MooShoes, Susi Studio, and Veerah.

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About Us

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

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.


	


	





	

		
Collaborations & New Product Launches to Develop Small Domestic Appliances Rhat Solve Customer Problems | Small Domestic Appliances Market to Reach $581.6576 Billion by 2030
	


	
	

		






Technological advancements and extensive R&D activities have transformed the way small domestic appliance work these days. From intuitive interfaces to reliable and durable components, innovative products aim to address the existing issues of customers. The demand for easy to use and safe products that offer cost and time saving are on the rise and market players have been adopting different strategies to develop such products. Among those strategies collaboration and new product launches are prime trend going across the global industry. Through collaboration strategy, market players have been developing technology-advanced products that have less time-to-market and simplified development process. Moreover, they adopted the strategy of new product launches.





Through this strategy, they aim to address the customer demands and acquire major market share in specific geographical regions. The trend of innovative product launches is expected to continue over the next few years. According to the report published by Allied Market Research, the global small domestic appliances market is expected to generate $581.65 billion by 2030. Following are some of the trends and activities taking place across the globe.





Collaboration is one of the major strategies adopted by market players to combine expertise of both companies to develop improved products and raise the stake in the international market. Two major software-focused small domestic appliances developers collaborated to accelerate the development of new products. Groupe SEB and MicroEJ collaborated for development of innovative electronic products that are easy to use and safe & secure. Both companies strive to introduce simplicity and reliability into their products.





The collaboration strategy is expected to offer numerous benefits to both companies. The time-to-market can be lowered with both companies joining forces to launch new products that meet customer demands. The complex software can be simplified and R&D activities will be accelerated. MicroEJ provides virtualization and ecosystem to design graphical interfaces and incorporate them into new electronic systems. Groupe SEB’s expertise in safety and development process will be impactful in creation of high-quality products. Such strategy is favorable for both companies involved and help them in achieving their targets across the global market.





Along with collaboration strategy, market players adopted the strategy of new product launches. These launches would help them in attracting new customers by enhancing their product portfolio. Galanz Americas, one of the leading manufacturers of small domestic appliances, announced the launch of new range of small kitchen appliances. These products are expected to offer chef-quality food to residential users. The company launched six innovative products that address the home cooking trends.





Courtney Royko, the Senior Director of Product Development and Marketing at Galanz America, highlighted that consumers demand innovative appliances with space-saving features and multiple functions. With extensive R&D activities, the company developed value-priced and sleekly designed appliances for residential users. The company is driven by the approach of improving lives of consumers through different features in their products. This approach has been driving many companies to develop their products and grab major market share worldwide.   





The approach of value addition and innovation is not restricted to residential users. Market players have been designing and developing products for professional and corporate users. Along with offering new products, market players have been targeting specific regions to launch their products and acquire major share. Miele USA launched a professional dishwasher in the North American region. Its ProfiLine Dishwashers offers short wash programs, high rinse temperature, and flexible design of baskets. The company combined speed and user-friendliness in the design of new appliances for providing excellent cleaning environment for professional users.





Scott Lombardi, the Country Director for the U.S. and Business Unit Professional at Miele, Inc. highlighted that the aim of the company to solve problems faced by its customers. Its new product range solves the issue of lack of time for professional users. Its new dishwater is designed for providing fast and hygienic cleaning of dishes. It aims to save time and offer consistent results when it comes to cleaning. It is suitable in professional environments in which dishes and cutlery are expected to be cleaned multiple times in a day and in the fastest way possible. It contains intuitive components, flexible design of baskets, and durable components. This approach of problem-solving would help the companies reap benefits in terms of revenue and market share in the coming years.





Covid-19 scenario:





The Covid-19 pandemic positively affected the demand for small domestic appliances as trend of replacing the old appliances with smart and advanced appliance.
The rise in number of Covid-19 patients encouraged people to purchase cleaning and hygiene related equipment.
However, the prolonged lockdown disrupted the supply chain and create a gap betweensupply and demand.
In addition, the rise in e-commerce during the pandemic favored the market as increased number of people opted online portals to purchase air treatment appliances.





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The report segments the global small domestic appliances market on the basis of product type, distribution channel, end user, and region.





Based on product type, the kitchen appliances segment held the largest share in 2020, accounting for more than two-fifths of the market. However, The cleaning appliances segment is estimated to witness the significant growth, registering a CAGR of 14.3% during the forecast period.





On the basis of distribution channel, the E-Commerce segment helds the major share of 30.2% in 2020, contributing to more than one-fourth of the market. Moreover, The report includes an analysis of the other segments such as brand outlets, retail stores, e-commerce, and others.





The global small domestic appliances market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2020, accounting for nearly one-third of the market. However, the market across LAMEA is expected to register the highest CAGR of 14.9% during the forecast period.





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The global small domestic appliances market report includes an in-depth analysis of the prime market players such as The Whirlpool Corporation, Koninklijke Philips N.V., BOSCH, LG Electronics Inc., Panasonic Corporation, Electrolux AB, The Middleby Corporation, Spectrum Brands Holdings, Inc., Samsung Electronics Co. Ltd., and Morphy Richards.





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About Us





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





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.