Intimate Wear Market is growing at a CAGR of 8.1% and to reach $325.36 billion by 2025

According to a new report published by Allied Market Research, titled, Intimate Wear Market by Gender (Women and Men), Age Group (1317 Years, 1835 Years, and 36 Years & Above), Price (Luxury, Super-Premium, Premium, Medium, Economy, and Low), Distribution Channel (Mass Merchandizers, Mono brand Stores, Specialized Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025 the global intimate wear market is expected to generate $325.36 billion by 2025, growing at a CAGR of 8.1% from 2018 to 2025. In 2017, Asia-Pacific led the intimate wear market, followed by North America. Growth in the region is supplemented by increase in national per capita disposable income and growth in fashion consciousness among the young generation.

Changes in lifestyle, rise in awareness regarding hygiene, fluctuation in demographic dividend, and customization of product portfolios boost the growth of the global intimate wear market. However, prevalence of dermatological conditions among intimate apparel wearers is expected to limit the growth of this intimate wear industry. The fabric used to manufacture intimate wear is also enhanced and made more comfortable, thus offering promising opportunities for the intimate wear market players.

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Intimate apparel is sold through different channels such as mass merchandizers, mono brand stores, specialized stores, and others. Among these, mass merchandizers segment comprising hypermarket and supermarkets, accounted for around half of the overall sale of intimate wear and is projected to lead the market during the forecast period. Moreover, availability of products at low cost and accessibility to a wide variety of intimate wears available in supermarkets fuel the growth of this segment.

New measurement and design techniques combined with production methods and innovative materials transform the quality, range, and applications of intimate wear. For instance, German lingerie designs show a new trend toward muted colors such as earthy tones, navy blue, and pastel colors. Lingerie designers are coming up with many new designs that are embroidered and have two-tone color patterns and most of them are asymmetrical. Animal prints and organic shapes combined with geometrical patterns are also in fashion. Luxurious, elegant, desirable, and evocative vintage lingerie is also gaining popularity in both the fashion markets and modern intimate apparel.

In addition, huge and economical work force along with abundance of raw material attracts international manufactures to set up their manufacturing units in the developing countries, such as India, which helps to propel the intimate wear market growth.

Furthermore, initiatives in developing countries such as Make in India campaign offers opportunities to develop this market further in India, as this will reduce the overall cost of operation for manufacturers of intimate wear.

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Key Finding of the Intimate Wear Market :

• The women intimate wear segment was the highest contributor to the global intimate wear market in 2017 and is projected to grow at a CAGR of 8.5%.
• The lingerie segment occupies more than 50% of women intimate wear market share and is projected to grow at a CAGR of 8.0%.
• There is a continuous increase in the demand for sportswear owing to the comfort offered. This demand is projected to grow at a CAGR of 9.1% during the forecast period.
• The mass merchandizers segment accounted for 47% share of distribution channel segment of the intimate wear market and is expected to grow at a CAGR of 7.4%.
• Asia-Pacific is projected to exhibit rapid growth in the intimate wear market, owing to rise in its economy with a large population base, and is projected to grow at the most astounding CAGR of 9.9% from 2018 to 2025.
• China accounted for the highest share accounting approximately 50% in the Asia-Pacific intimate wear market, in 2017.
• In 2017, the age group segment of 36 years & above accounted for 59% of the intimate wear market share and is expected to grow at a CAGR of 8.2%.

In terms of value, Asia-Pacific and LAMEA collectively contributed 45% share in the global intimate wear market in 2017. The key players profiled in this report are L Brand Inc., Berkshire Hathaway Inc., American Eagle Outfitters (Aerie), Hanes Brands Inc., Jockey International Inc., MAS Holdings, Triumph International Ltd., Hanky Panky Ltd., PVH Corporation, and Chantelle Group.

Bahrain Alcoholic Beverages Market Would Reach $30,405 thousand by 2025 with 2.5% CAGR

According to a new report published by Allied Market Research, titled,"Bahrain Alcoholic Beverages Market by Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 - 2025,"the Bahrain Alcoholic Beverages market was valued at $24,853 thousand in 2017, and is projected to reach $30,405 thousand by 2025, growing at a CAGR of 2.5% from 2018 to 2025. The distilled spirits type segment accounted for maximum share in 2017.

Alcoholic beverages are portable drinks that have quenching, refreshing, and stimulating qualities. They contain ethanol yielded from fermentation of grains, fruits, or other sugar sources. They supply calories along with very few essential nutrients. Although excess consumption of calories results in being overweight, however moderate consumption can have beneficial health effects for some individuals. Alcoholic beverages are segmented based on their type, which include beer, wine, distilled spirits, and others. These types have different methods of preparation and are characterized by different effects and tastes. They have a prolonged effect on the human brain with a depressant action. Beer from cereal grains, wine from grapes, and other distilled beverages are sold as commodities. The pricing of these beverages is essentially determined by the cost of production and the duties levied on those costs.

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The demand for distilled spirits in the Bahrain alcoholic beverages industry is relatively high, owing to the increase in number of younger population and rise in disposable income. Also, the cocktails available in the market contain distilled spirits and are characterized by unique tastes and experiences. However, high cost of premium/super premium products and upsurge in demand for non-alcoholic beverages, owing to health concerns are expected to hamper the Bahrain alcoholic beverages market growth during the forecast period. In addition, taxations and higher excise duties on imported as well as local alcoholic beverages also inhibits the Bahrain alcoholic beverages market growth.

Demand for alcoholic beverages in Bahrain is growing due to increase in disposable income and change in culture and consumer preferences. Also, increase in number of on premises distribution channels along with development of naturally sweetened healthier alcoholic drinks are anticipated to augment the Bahrain alcoholic beverages market growth

On the contrary, introduction of healthier variety of spirits and other alcoholic beverages is expected to offer lucrative opportunities for the Bahrain alcoholic beverages market players.

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Key Findings of theBahrain Alcoholic Beverages Market:

• Based on type, the distilled spirit segment dominated the Bahrain alcoholic beverages market in 2017 and is expected to grow at a CAGR of 1.1% during the forecast period.
• By type, the others segment is anticipated to grow throughout the forecast period, with the highest CAGR of 5.5%.
• By distribution channel, liquor stores occupied around one-third of the Bahrain alcoholic beverages market size in 2017, in terms of value.
• Based on distribution channel, the internet retailing segment, is expected to grow at the fastest rate of 5.6% during the forecast period.
• The report provides an extensive analysis of the Bahrain alcoholic beverages market forecast, and trends from 2017 to 2025 to determine the prevailing opportunities.

The major companies profiled in the report include Anheuser-Busch InBev (AB InBev), BAVARIA N.V., Brown-Forman, Carlsberg Group (Carlsberg), Diageo PLC (Diageo), Glen Moray, Heineken N.V., Bacardi Global Brands Limited, Chivas Holdings Limited, and United Dutch Breweries B.V.

Theme Park Vacation Market Growing at a CAGR of 6.0% and attain a market size of $74.7 Billion by 2026

According to a new report published by Allied Market Research, titled, "Theme Park Vacation Market by Type, Age Group, Traveler Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global theme park vacation market size was valued at $47.2 billion in 2018, and is projected to reach $74.7 billion by 2026, registering a CAGR of 6.0% from 2019 to 2026. Theme park is as an outdoor attraction, which combines rides, shows, and other relevant activities. Theme parks emphasizes on one central theme around which landscape, shows, architecture, food services, costumed personnel, rides, and retailing are orchestrated. 

Major shift of consumers toward experiencing thrill, entertainment, and happiness is a key factor that drives the growth of the global theme park vacation market. As a result spending on experiences such as theme park vacation have seen a significant increment in the last few years.

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Stakeholders are the theme park as destination for tourist, enabling longer stays. Furthermore, theme parks not only involve themed carnival rides and roller coasters but also include high-tech virtual environments and simulators that are exciting and new making them a unique destination for holidays. Moreover, stakeholders in the theme park are focusing on providing knowledge with fun and entertainment, which bolsters the growth of the global theme park vacation market. However, increase in incidents of accidents in theme parks owing to improper operation of rides, passenger misuse or failure to follow instructions, mechanical failure of rides or inherent nature of rides negatively impacts the growth of the global theme park vacation market. 

The theme park vacation market has witnessed innovations in themes, which attract consumers of diversified age groups. As a result, theme park have experienced increasing popularity among millennials and generation Z. In addition, use of latest technologies such as artificial intelligence in theme parks is anticipated to boost the growth of the global theme park market in the upcoming years.

Furthermore, increase in footfall of all age groups in theme parks, including baby boomers, generation X, millennials, and generation Z is expected to fuel the market growth. Generation Z are consumers who regularly visit theme park for enjoyment and refreshment with their friends and families, as they are more interested in outdoor entertainment. In addition, this generation explore new places and seek for innovative rides, thereby augmenting the theme park vacation market growth. 

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Key Findings Of Theme Park Vacation Market:

• Based on type, the adventure park segment dominates the global theme park vacation market in 2018, and is expected to retain its dominance throughout the theme park vacation market forecast period.
• Depending on age group, spending by millennials segment accounted for highest share in the theme park vacation market analysis in 2018, and is projected to grow at a CAGR of 6.3% from 2019 to 2026.
• By traveler type, the group segment was the major shareholder in 2018, and is projected to register a CAGR of 6.2% from 2019 to 2026. 
• Region wise, North America accounted for about 57.9% theme park vacation market share in 2018, and is expected to grow at a CAGR of 4.6%.

The key players operating in the global theme park vacation industry are Walt Disney Attraction, Merlin Entertainment Group, Universal Parks and Resorts, Oct Parks China, Fantawild, Chimelong Group, Six Flags Inc., Cedar Fair Entertainment Company, Seaworld Parks & Entertainment, Parques Reunidos, LOTTE World, Nagashima Spa Land, Everland Gyeonggi-Do, Ocean Park, Europe Park, De Eftling, and Tivoli Gardens.

Food and Beverages Disinfection Market attain a market size of $2,387.9 million by 2025

According to a new report published by Allied Market Research, titled,"Food and beverages disinfection Market by Product Type and End User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"The global food and beverages disinfection market size is estimated to reach $2,387.9 million by 2025 growing at a CAGR of 4.4% through the forecast period. The chemical based disinfection products segment led the food and beverages disinfection market in 2017, followed by UV disinfection equipment. The significant growth in this segment is attributed to increased penetration of packaged food products in retail food industry, growth in awareness toward food borne diseases, and introduction of regulatory imposition from government organizations.

Chlorine compounds are one of the most convenient chemical disinfectants used by food processing companies due to its economic pricing and easy availability. Hence, the above factors attribute toward the growth in chlorine compound segment in food and beverages disinfection market forecast. Increase in number of patient population suffering from food and water borne diseases has increased the financial burden on healthcare service providers in Asia and Africa. According to WHO, Diarrhoeal diseases contribute 50% of the food borne illnesses with total incidence of 550 million globally per year. The annual mortality rate of diarrhoeal diseases is around 230,000 per year.

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The global food and beverages disinfection market is segmented based on product type Chlorine compounds, Hydrogen Peroxide and Peroxyacid (PAA), Carboxylic acid, Ultra Violet Systems and Ozone Oxidation System. Based on end user, the food and beverages disinfection market is categorized into food processing companies, beverage processing companies, catering kitchens and retail distributors. Furthermore, the report includes the revenue generated from the sales of food and beverages disinfection products across North America, Europe, Asia-Pacific, and LAMEA.

The penetration of UV-based disinfection equipment among centralized food and beverage facilities would fuel food and beverages disinfection market growth during the forecast period. The centralized approach for food processing especially for packaged food products has significantly increased the turnaround for food and beverage packaging. The food contact disinfection activity requires longer duration for sanitation, which eventually increases the overall time required for food and beverage processing. In addition, the manufacturers are facing challenges in terms of chemical disinfectant supply, which has created the need for an effective alternative for conventional chemical based disinfectants

The ultra violet systems segment is anticipated to grow with the fastest CAGR in the global food and beverages disinfection market. These systems offer rapid disinfection through inactivation of microorganism (bacteria, viruses and protozoa) with the help of physical process. UV disinfection process has several advantages over conventional chemical-based disinfection products. These devices are widely adopted among drinking water disinfection and beverage industries due to its economic pricing over others. UV radiation technologies have strong hold in food and beverages disinfection industry owing to its non-toxic nature, easy of deployment, and lesser maintenance cost. The lack of effective alternative for UV systems and reduction in consumption of chemical disinfectants in Food and Beverages Disinfection industry due to regulatory barrier boost the growth of the UV disinfection systems market.

Retail distribution segment holds strong revenue opportunity for food and beverages disinfection products due to growth in consumption of processed food from international market. The food retail sector comprises of organized retail outlets, traditional groceries, supermarket/hypermarket, and other retail food suppliers. Modern organized retail outlet offers extensive products under food and beverage categories. The food and beverage products offered by these retail outlet have varied safety and hygiene issue, which requires numerous modes of disinfection. Moreover, retail distributors are engaged into various other activities such as procurement and sourcing, processing, storage/warehousing, and imports, which creates demand for food disinfectants at each node of value chain.

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Key findings of the Food and beverages disinfection Market:

• Based on product type, the chlorine compound segment was the highest revenue contributor to the food and beverages disinfection market growth in terms of value in 2018 and is expected to grow at a CAGR of 3.8%, from 2018 to 2025.
• Based on end user, the food processing companies segment was the highest contributor to the food and beverages disinfection market growth in terms of value in 2017, and is estimated to grow at a CAGR of 3.8% from 2018 to 2025.
• Based on product type, the chemical disinfectants in Food and beverages disinfection industry (chlorine compounds, hydrogen peroxide and peroxyacid (PAA), and carboxylic acid) collectively accounted for approximately 80% food and beverages disinfection market share in 2017.
• Based on end user, the food processing companies and beverage processing companies segments collectively accounted for more than 50% of the revenue share in the food and beverages disinfection market in 2017, and are anticipated to grow at the higher CAGR of 3.8% and 4.0%, respectively.

In terms of value, North America and Europe collectively contributed around half of the global market share in the food and beverages disinfection market in 2017. The key players profiled in the report include Toshiba, Evoqua Water Technologies, UV-Guard Australia, Evonik, Trojan Technologies, Entaco, Solvay, CCL Pentasol, Halma, and Xylem.

Meat Processing Equipment Market Expected to Reach $18.81 Billion by 2025 at a CAGR of 6.9%

According to a new report published by Allied Market Research, titled,"Meat Processing Equipment Market by Type, Meat Type, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the meat processing equipment market was valued at $10,968 million in 2017, and is projected to reach $18,817 million by 2025, growing at a CAGR of 6.9% from 2018 to 2025. North America is one of the prominent consumers of meat processing equipment, accounting for more than 36.3% of the total market in 2017.

Meat is either consumed as a processed meat product or as a component of kitchen-style food preparations. Processed meat is a meat that is modified to improve its taste and shelf life. Processed meat products, although in some regions still in their infancy, are globally gaining ground in popularity and consumption volume. The demand for processed meat is expected to increase due to surge in consumer demand for food products with multifunctional nutrition benefits. Therefore, meat processing equipment are designed based on the specific end-use requirements. In addition, automated food processing equipment has experienced an increase in demand due to increasing focus on production efficiency and cost reduction.

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Factors that drive the growth of the global meat processing equipment market are change in lifestyle of people and varied consumer trends toward use of ready-to-eat food products. Moreover, the food & beverage processing industry has influenced the meat processing equipment market to a large extent. In addition, growth in demand for meat and poultry processing and safety regulations in the processing industry are expected to fuel the demand for meat processing equipment in the near future. Moreover, the demand for processed meat is expected to rise in emerging markets such as Asia-Pacific, Latin America, and Africa, providing lucrative growth opportunities for the meat processing equipment market. However, increase in cost of raw materials is expected to hamper the growth of the global market in the near future.

In 2017, the cutting equipment segment accounted for major share in the global market. Cutting is often the first operation to be employed in meat processing to separate essential meat & fat portions of the carcass from the non-essential ones. Cutting is often carried out under vacuum conditions to reduce disintegration of the protein content, which allows greater volume of filling in sausages and patties. The cutting equipment segment is expected to maintain its dominance and grow at highest CAGR in the global meat processing equipment market during the forecast period, as it is the most common processing equipment used in the food industry.

The demand for meat processing equipment in various applications, such as meat, poultry, and seafood, is relatively high. Increase in demand for these equipment in Asia-Pacific is expected in the near future due to robust domestic demand fueled by urbanization, shift in food habits and higher incomes. However, lack of infrastructure is anticipated to restrain the growth of the market.

Pork is edible meat obtained from the domestic pig and is the most common type of meat consumed worldwide. It is highly prized in various Asian cuisines for its high-fat content and pleasant texture. Pork processing can be divided into three broad stages- slaughtering, cutting, and further processing. Cutting is a size reduction operation in which meat is separated from the carcass and cut into smaller portions. It may then be preserved, sold in portions, or sent for further processing. The processed pork segment accounted for the significant share in North America and Europe. The processed pork and processed beef segments cumulatively dominated the global market with more than three-fifths share, in terms of volume, in 2017, owing to increase in consumption of pork and beef in these regions as they are rich in vitamins, iron, phosphorus, and other minerals.

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Fresh processed meat comprises meat mixes composed of finely comminuted, minced, or sliced muscle meat with variable fat content. The characteristic of this group is that all meat and non-meat ingredients are added raw without any prior heat treatment. The fresh processed meat segment accounted for the significant share in the global meat processing equipment market. The fresh processed meat and raw cooked meat segments cumulatively dominated the global market with 44.4% share, in 2017, owing to its applications such as sausages, burger patties, and kebabs.

Key Findings of the Meat Processing Equipment Market:

• In terms of value, the processed pork segment is expected to grow at a CAGR of 7.2% from 2018 to 2025.
• By type, the cutting segment in meat processing equipment is expected to grow at a CAGR of 8.1% from 2018 to 2025.
• North America is anticipated to maintain its lead position throughout 2025, growing at a CAGR of 5.2%, in terms of value.
• The fresh processed meat application is estimated to occupy one-fourth of the total market by 2025.
• China is expected to occupy more than one-fourth of the total Asia-Pacific meat processing equipment market by 2025, growing at the highest CAGR of 10.3%, in terms of value.

In terms of value, North America and Europe collectively contributed around 66.7% of the market share in the global meat processing equipment market in 2018. The leading players in the meat processing equipment industry have focused on product launch and acquisition as their key strategies to gain a significant meat processing equipment market share. The key players profiled in the report include GEA Group AG, JBT Corporation, Key Technology Inc., Marel, Heat and Control, Inc. Illinois Tool Works Inc., Manitowoc, The Middleby Corporation, Bettcher Industries, Inc., and Equipamientos Crnicos, S.L. (Mainca).

Bakery Ingredients Market is Predicted to boost its value to USD 18.59 billion by 2025

According to a new report published by Allied Market Research, titled,“Bakery Ingredients Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global bakery ingredients market was valued at $12,588 million in 2017 and is projected to reach $18,596 million by 2025, growing at a CAGR of 5.0% from 2018 to 2025. In 2017, the bread segment accounted for more than half of the share by value in the global bakery ingredients market.

Bakery ingredients are the building blocks of baked products such as bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. Consumer trend of eating healthy and convenient food is one of the primary factors boosting the growth of the market. Prominent players and large corporates are developing their products to follow the consumer trends and boost the company growth to occupy a major share in the bakery ingredients market.

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The global bakery ingredients market is driven by the factor such as busy lifestyles of people, which needs convenient, easily accessible, and time-saving bakery products. Moreover, change in culture and growth in demand for Western-style diets in the developing countries and rise in trend for low trans-fat & gluten-free products are expected to fuel the market growth. In addition, alarming obesity rates and increasing fitness-related concerns have shifted the interest of consumers toward healthier bakery items. However, preference for healthier cereals such as oats than baked products and stringent regulations & international quality standards hamper the growth of the global market. The potential market for frozen foods along with efforts of the key players to innovate & manufacture healthier food items, reduce production costs, and increase shelf life of products are anticipated to provide lucrative opportunities for the growth of the global bakery ingredients market.

The fats segment dominated the global bakery ingredients market size with nearly 18% share of the overall revenue in 2017. The fiber segment is expected to witness significant growth during the forecast period due to the associated health benefits. In addition, it accounted for the second highest share in bakery ingredients market in 2017. The enzymes segment is expected to grow at the highest CAGR during the forecast period.

The global bakery ingredients market is classified based on application into bread, cookies & biscuits, rolls & pies, cakes & pastries, and others. The bread segment dominated the bakery ingredients market with the largest share in 2017 and is expected to exhibit significant growth during the forecast period. Bread is consumed as one of the major staple food across the globe, especially in Western countries. There are two major types of bread available in the market white bread and brown bread, the white bread dominates the market. In the coming years, the brown bread market is expected to grow at a faster rate due to growing awareness of health benefits among consumers. Cookies & biscuits are popularly consumed as snacks among youth. The current product innovation in cookies & biscuits has enhanced the taste, texture, and health benefits offered by the products, thus escalating the bakery ingredients market size. In addition, low-calorie products, increase in trend of customizable bakery products, and increase in urbanization are the factors anticipated to fuel the growth of the global bakery ingredients market.

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Key Findings of the Bakery Ingredients Market:
The enzymes segment of bakery ingredients market is projected to witness the highest CAGR of 8.5%, in terms of revenue, during the forecast period.
Europe is expected to dominate the global market by 2025 due to high per capita consumption and increase in demand for new & healthier variety of bakery ingredients.
The bread segment accounted for the highest value in bakery ingredients market share of around 70.2% in 2017 and is expected to grow at a decent CAGR during the forecast period.
Asia-Pacific is expected to witness the highest growth rate during the forecast period due to growth in population and rise in disposable income.
The dry baking mix segment is anticipated to occupy the highest value in bakery ingredients market share till 2025 due to its 5.3% CAGR.
In 2017, North America and Europe collectively accounted for around 68.4% share of the global bakery ingredients market and are anticipated to maintain a dominant position in the bakery ingredients market throughout the forecast period. This is attributed to the high consumption rates, rise in health-conscious population, and increase in popularity of various bakery ingredients types.

The key market players of global bakery ingredients industry include Archer Daniels Midland Company; Associated British Foods plc.; Bakels Group; Cargill, Incorporated; Dawn Food Products Inc.; E. I. du Pont de Nemours and Company; Ingredion Incorporated; Kerry Group plc; Koninklijke DSM N.V.; and Lallemand Inc.

The other players in the value chain include Sdzucker, Taura Natural Ingredients Ltd., AAK AB, Tate & Lyle PLC, Corbion N.V., IFFCO Corporate, CSM Bakery Solutions, Novozymes, and Puratos Group.

Asia-Pacific Fitness Equipment Market to garner $2.4 billion by 2020 with 7.5% CAGR

Fitness Equipment Market Report, published by Allied Market Research, forecasts that the APAC market is expected to garner $2.4 billion by 2020, registering a CAGR of 7.5% during the period 2015-2020. Rapidly growing youth population with rising disposable income and the growing awareness about health and fitness, would drive the growth in Asian countries such as China and India. By 2020, the adoption of fitness equipment by health clubs would contribute about 47% of the Asia-Pacific fitness equipment market revenue. Among the different types of fitness machines, cardiovascular fitness equipment would dominate the market throughout the analysis period.

As a result of unhealthy eating habits and hectic lifestyle, the count of obese or overweight population is on rise in Asian countries. In order to overcome the problems associated with obesity, people are preferring physical workouts. The cardiovascular equipment market is benefited due to the increased preference of weight management exercises. As a result, the market of cardiovascular exercise equipment continues to be a significant contributor, accounting for over half of the total revenue of the Asia-Pacific fitness equipment market, throughout the analysis period.

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Among the end user segments, health clubs would significantly drive the fitness equipment market growth as these are the most preferred workout stations for a significant proportion of population under the age of 50 years. The business of health clubs across Asia is expected to grow by at least $10 billion in next few years. A significant proportion of this business would be reinvested into purchasing or upgrading the fitness equipment, eventually driving the market of equipment across Asia-Pacific. Additionally, the adoption from other commercial users such as hotels, hospitals and corporate offices would rise rapidly during the forecast period. Several leading industry players such as Technogym, Johnson Health Tech Ltd. and Precor offer customized product portfolios in the commercial user segment.

Key findings of the study:
The Asia-Pacific fitness equipment market would grow at a steady rate during the forecast period owing to the increasing demand by obese population and rising health and fitness awareness
India would witness the highest growth, followed by China. The fitness equipment market in India would grow at a CAGR of 8.8% during 2015 – 2020
The cardiovascular equipment segment would drive the market throughout the analysis period with around 50% of contribution to market size by value
The adoption of fitness equipment by commercial customers such as hotels, hospitals, and enterprises would grow at a CAGR of 9.0% during the forecast period
Health clubs would continue to dominate the user segment accounting for over 40% of the market share throughout the analysis period.

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The presence of the leading global players as well the domestic companies is observed in the Asia-Pacific fitness equipment market. Domestic players compete with branded products from international players, who operate through strong distribution channels. To sustain the competitive market, many leading companies such as Amer Sports, Nautilus and Cybex International are launching new products and partnering with other companies. The report covers a detailed study of key players such as Amer Sports, Nautilus Inc., Konami Corporation, Brunswick Corp., Cybex International Inc., ICON Health & Fitness Inc., Johnson Health Tech Ltd., Technogym SpA, Impulse Health Tech Ltd. Co. and Shuhua Co. Ltd.

Asia-Pacific Luxury Furniture Market set to grow at a CAGR of 6.2% through to 2020

Asia-Pacific Luxury Furniture Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $5.4 billion by 2020, registering a CAGR of 6.2% during the period 2015-2020. The key growth drivers for Asia-Pacific luxury furniture market include the rising disposable income, evolving consumer lifestyles and a notable increase in the GDPs of several countries in the region. Further, the rapid increase in the real-estate sector in this region, which majorly initiates the adoption of luxury furniture by both domestic as well as commercial users is one of the supplementing factors for the market growth. In addition to this, China is expected to observe the fastest growth, due to the rise in disposable income and rapid urbanization.

Wood, metal, glass and leather are some of the widely used materials for manufacturing luxury furniture. Among the different types, wooden luxury furniture dominates the market, generating around 24% of the total market revenue in 2014. Some of the features in the wooden luxury furniture such as high aesthetic appeal has enabled highest adoption rate of the product as compared to the furniture made from other materials. From a growth perspective, glass based luxury furniture would witness the highest CAGR of 8% during the forecast period, due to its increasing adoption in modern furniture designs.

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Asia Pacific luxury furniture market is fragmented with presence of several domestic as well as international manufacturers, which provide luxury furniture products in the region. The major players operating in the region include JL&C Furniture Co. Ltd., PT. Wirasindo Santakarya, McMichael Furniture, Kovacs Design Furniture, De Bruin-Judge Furniture Ltd., Dynamic Furniture Industries (M) Sdn Bhd, Falcon Incorporation PTE Ltd., Shanghai Casagi Furniture Ltd. and Wegmans Furniture Industries Sdn Bhd.

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Key Findings of Asia-Pacific Luxury Furniture Market:
Wooden luxury furniture is expected to dominate the market, accounting for around 24% of the market revenue in 2014
From end-use perspective, market would be dominated by the domestic segment, which would further be led by the living & bedroom segment
Commercial end use segment would be dominated by the hospitality sector throughout the analysis period
China, followed by India, would be the two fastest growing markets over the forecast period
Asia-Pacific luxury furniture market exhibits intense competition. There are lot of domestic players operating in the market and launch of new products coupled with innovative designs are some of the key strategies adopted by the companies. Additionally, sales through e-commerce platforms help the market players to expand their reach and in turn boosts the overall market growth.

Europe Basmati Rice Market to Garner $615 Million by 2023, at a CAGR 3.2%

According to a new report published by Allied Market Research, titled, Europe Basmati Rice Market by Type and Application: Opportunity Analysis and Industry Forecast, 2017-2023, the Europe basmati rice market was valued at $491 million in 2016, and is expected to reach $615 million by 2023, registering a CAGR of 3.2% from 2017 to 2023. In 2016, the Indian variety type segment accounted for more than half share of the total market.

Basmati rice is specifically recognized for its unique aroma, distinctive cooking properties, and two to three times more expensive than other long grain rice. It is slender & extra-long grain, which gets longer at least twice of its original size upon cooking. Basmati rice is distinctive among other aromatic long grain varieties of rice, which possess superior aroma, delicious taste, and distinct flavor. It is highly utilized as a part of Indian and Pakistan cuisines and is also used in Persian, Arab, and Middle East cuisine.

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The demand for specialty rice, such as Basmati rice, is rapidly growing in Europe with the increase in rice consumption. Iran was the leading importer of Indian basmati rice; however, recently in 2016, Iran has imposed a ban and price cap on the import, owing to which Indian exporters are focusing on other markets. It provides price benefits to several European countries to boost the basmati rice market in Europe.

The Indian variety is the leading type segment in Europe basmati rice market. India is the chief producer and exporter of basmati rice, which accounts for around 70% of the global basmati rice production. The Indian varieties of basmati rice that are approved for export to Europe are Basmati 370, Taraori Basmati, Basmati 386, Basmati 217, Pusa Basmati, Ranbir Basmati, and Super Basmati.

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Key Findings of the Europe Basmati Rice Market:
In 2016, UK dominated the market, with more than one-third share, in terms of both revenue and volume.
Russia is estimated to grow at the highest CAGR of 6.7% from 2017 to 2023, in terms of revenue.
The Indian variety type segment is projected to grow at the highest CAGR of 3.3%, in terms of revenue.
In 2016, the commercial application segment dominated the market, with more than two-thirds share, in terms of both revenue and volume.
The home application segment is anticipated to grow at the highest CAGR of 3.5%.
In 2016, UK witnessed the highest demand for basmati rice, as it is the leading importer of this rice from India and Pakistan. Moreover, the price of this rice is expected to decrease in UK, owing to the recent ban on basmati rice from Iran. The Netherlands is the second leading country, accounting for one-seventh share in Europe basmati rice market.

The key companies profiled in the report include Amira Basmati Rice, HBI, Estraco, East End Foods, TBA Suntra, S.G.S. International Rice Company, Amira Nature Foods, VSR Rice, The Rice n Spice International Ltd., and Kohinoor Foods.

Mosquito Repellent Market expected to garner $4.8 billion by 2022 with CAGR of 7.7%

Mosquito Repellent Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $4.8billion by 2022, registering a CAGR of 7.7% during the period 2016-2022.In the year 2015, Asia-Pacific was estimated to account for around 61% of the overall market. Growth in developing countries including China and India would primarily be supplemented by increasing health consciousness and demand for higher-end mosquito repellent products such as sprays, creams and oil.

The coil segment accounted for the largest market share of around 37% in 2015. Factors such as affordability and performance efficiency of coils have led to their wider adoption among middle and lower-income groups, particularly in APAC and LAMEA. However, the cream & oil segment is expected to witness the highest CAGR during the forecast period owing to their increasing adoption in developed regions (North America and Europe) and among urban population of developing regions. The other products segment comprising products such as wristbands and patches is anticipated to be the second fastest growing category due to increasing demand for innovative products.

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The world mosquito repellent market is expected to register notable growth in the near future attributed to rise in incidence of mosquito-borne diseases and global warming, which facilitates breeding of mosquitoes. Other factors that drive the market are rising health awareness, government initiatives for mosquito control, and affordable cost of repellents. However, presence of toxic chemicals, such as DEET, in various mosquito repellent products causes ill effects on health, which is likely to restrain the growth of this market. Huge opportunities prevail for the world mosquito repellent market owed to rising demand for plant based repellents and increasing penetration in untapped markets of rural regions.

Key Findings of Mosquito Repellent Market:
Asia-Pacific is the highest revenue-generating region in the world mosquito repellent market
LAMEA is anticipated to be the fastest growing market during the forecast period
Cream & oil would be the fastest growing product segment over the forecast period
Demand for innovative mosquito repellent products such as wrist bands, patches and others would register a noticeable growth owing to increasing demand for innovative products
The large retail distribution channel accounted for around 50% of the overall sales of mosquito repellent products in 2015
Sales of mosquito repellents through specialty stores would witness noticeable growth during 2016-2022, driven by increasing demand for mosquito repellent creams & oils

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The key companies profiled in the report are Reckitt Benckiser Group PLC, Spectrum Brands Holdings Inc., Godrej Household Products Ltd., SC Johnson & Sons Inc., Dabur International, Jyothi Laboratories, Enesis Group, Coghlans Ltd., Quantum Health, and PIC Corporation

Asia Pacific Footwear Market to Reflect Impressive Growth Rate $152.9 billion During 2015--2020

Asia Pacific Footwear Market Report, published by Allied Market Research, forecasts that the market is expected to garner $152.9 billion by 2020, registering a CAGR of 4.7% during the period 2015-2020.China is the leading regional footwear market, followed by India.

Different materials such as fur, rubber, leather, and textile fabrics are used in manufacturing of footwear. Based on these, the material market has been categorized into leather and non-leather. Leather segment constitutes over 60% of the market, with China constituting the largest percentage share in the leather footwear market in the region.

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Based on the end -users, the market is segmented into men, women and children. Women by far are the largest consumers of footwear in the region. The segment is expected to maintain its dominance throughout the forecast period. Market players in this industry are expanding their distribution channels through online platforms and retail stores. Currently, retail store is a popular sales channel, however online segment is expected to witness faster growth during the forecast period.

Key Findings of Asia Pacific Footwear Market:
China led the market by generating highest revenue in 2014, and would lead the market during 2015-2020
By type, non-athletic segment was the leading segment in the Asia Pacific footwear market in 2014, and is expected to maintain its dominant position throughout the forecast period
By end user, children segment is expected to witness the fastest growth during 2015 – 2020
Expansion and product launch are the two key strategies adopted by the leading market players in order to expand their geographical presence and strengthen their product portfolio. The companies are launching new and innovative products in men’s category to attract the consumers from this segment.

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The key players profiled in this report are PUMA SE, Nike Inc., Wolverine World Wide, Inc., Belle International Holding Limited, Adidas AG, ASICS, GEOX S.p.A, VF Corporation, Bata Brands and Woodland Worldwide.

Global Craft Beer Market to Garner $186,590 Million, by 2025 with 8.0% CAGR

According to a new report published by Allied Market Research titled, “Craft Beer Market by Product Type, Distribution Channel, and Age Group: Global Opportunity Analysis and Industry Forecast, 2019–2026," the global craft beer market size was valued at $108,912 million in 2018 and is projected to reach $186,590 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025. In 2018, Europe accounted for nearly a 43.6% share of the craft beer market.

The rise in demand for different types of beer styles across the key regions, specifically North America, Europe, and Asia Pacific, drives the craft beer market, in terms of value. Microbrewers have been producing and selling beer with characteristic product offerings among its target customers, which has resulted in homogeneous market. This has allowed craft brewers to establish their independent segment in the global craft beer market.  For instance, as of 2017, the U.S. had more than 6,266 craft breweries operating in the country accounting to $26 billion retail value sales.

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With the rise in demand for craft beers in several countries, consumers have formed several key non-profit associations to mobilize craft beer association. The key motive behind forming such organizations is to stimulate activity of the first entrants in the craft beer segment, thereby sustaining the demand for specialized products against mass-produced beer. One of the ideal examples of such consumer association is Campaign for Real Ale (CAMRA). The advent of CAMRA inspired similar organizations in other countries, such as PINT in the Netherlands and Humulus Lupulus in Spain.

According to Shankar Bhandalkar, Senior Analyst, Consumer Goods at Allied Market Research, “Craft beer companies have been strategizing on improving their product portfolio by branding craft beer. In recent years, craft beer has become available in microbrewery formats.”

The significant craft beer market growth has resulted in the growth in the availability of technical equipment and capital allowing brewing on a small scale. Though in the initial stages, entrepreneurs faced major difficulties financing their breweries and finding appropriate equipment where craft brewers regularly used capital equipment designed for other industries. However over the years, the craft brewery segment has witnessed increase in the adoption of upgraded technology and equipment specifically designed for craft brewery.

In the view of entering into the craft brewery segment, some of the key players in the global beer industry, have been strategizing on initiating important mergers and acquisitions. For instance, AB InBev, acquired some of the major players in the craft beer industry. In the recent years, the company acquired Goose Island (U.S.), Cervejaria Colorado (Brazil), Bogotá Beer Company (Columbia), Birra del Borgo (Italy) as well as Belgian Bosteels brewery, a seventh-generation small family brewery and producer of award-winning Tripel Karmeliet. Recently, Heineken took over the Lagunitas Brewing Company and declared that it would expand this brand into the world’s first global craft beer brand.

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The global craft beer market is segmented into distribution channel, product type, age group, and region. The distribution channel is segmented into on-trade as well as off-trade. By age group it is 20-35 years old, 40 – 54 years old and 55 years and above.

Key Findings of the Study

· In 2018, by product type, the lager segment accounted for around a 56.0% craft beer market share, growing at a CAGR of 7.3% from 2018 to 2025.

· In 2018, by distribution channel, the on-trade segment accounted for around a 65.9% r market share, growing at a CAGR of 8.0% from 2018 to 2025.

· In 2018, by age group, the 21-35 years old segment accounted for a 52.8% market share and is expected to growth at the highest CAGR of 7.7%.

·         In 2018, by region, Europe accounted for a prominent market share and is anticipated to grow at a CAGR of 7.7% throughout the Craft Beer market forecast.

The key players profiled for the craft beer market analysis include Anheuser-Busch InBev, Carlsberg Group, Diageo PLC, Heineken N.V., Erdinger Brewery, Lasco Brewery, Oettinger Brewery, Radeberger Brewery, and BAVARIA N.V.

Vietnam Sanitary Ware & Bathroom Accessories Market to garner $685.2 million by 2025

According to a new report published by Allied Market Research, titled,“Vietnam Sanitary Ware & Bathroom Accessories Market by Product Type and Material:Opportunity Analysis and Industry Forecast, 2018-2025,” the Vietnam sanitary ware & bathroom accessories market size was $443.4 million in 2018, and is projected to reach $685.2 million by 2025, registering a CAGR of 6.4% from 2018 to 2025. In 2017, the toilet/water closet segment accounted for about one-third of the market share in terms of value.

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Sanitary ware are products installed in bathrooms and kitchens such as toilet/water closets, toilet sinks, cisterns, washbasins, showers, faucets, and other bathroom accessories. Sanitary ware items are generally made up of ceramics. However, sanitary wares are also manufactured using metals, glass, or plastics. The ceramic sanitary wares are cost effective, have excellent resistance to chemical attacks, and can withstand heavy loads as well.

Backed by economic growth, increase in demand for concept bathroom, rise in disposable income, and expansion in residential sector, the sanitary ware & bathroom accessories market in Vietnam has experienced a robust growth in past few years. New trends of concept bathroom and eco-friendly sanitary ware and customization fuel the market growth. Furthermore, new water saving technologies and sustainable material for sanitary ware further propel the market growth. Furthermore, rise in construction activities, increase in disposable income of consumers, surge in urbanization, growth in shift from unbranded products to branded products, and strong replacement demand boost the Vietnam sanitary ware & bathroom accessories market growth. Moreover concept bathrooms is poised to gain wide traction in the coming years; consequently, the importance of in-store experience has increased in many folds. Engaged stakeholders in the Vietnam sanitary ware & bathroom accessories industry have established experience-centers where a customer can view all bathroom accessories and sanitary ware at a single place.

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The Vietnam sanitary ware & bathroom accessories market analysis is based on product type and material. Based on product type, the market is divided into wash basins, toilet sinks, pedestals, cisterns, showers, faucets, and other bathroom accessories. Based on material, it is classified into ceramics, pressed metals, acrylic plastic & Perspex, and others. Based on distribution channel, it is analyzed across retail distribution and wholesale distribution. Based on location, it is bifurcated into commercial and residential.

Key Findings of The Vietnam Sanitary Ware & Bathroom Accessories Market:
The toilet/water closets dominated the Vietnam sanitary ware & bathroom accessories market share in 2018 and is expected to remain its dominance throughout forecast period
Ceramic sanitary ware is projected to be the most lucrative segment in the Vietnam sanitary ware & bathroom accessories market and is projected to grow with a CAGR of 5.4% during the forecast.
Manufacturers are significantly adopting the concept of a smart bathroom which involves usage of proximity sensors to regulate flow of water owing to the increase in concern for hygiene standards and energy conservation,
Technological developments and introduction of new innovations such as aerial showers, smart showers, cascade flow in the showers are emerging sanitary ware & bathroom accessories market trends in the region.
In terms of volume faucets accounts for about 29% of the Vietnam sanitary ware & bathroom accessories market.

The key players profiled in the Vietnam sanitary ware & bathroom accessories market include CAESAR Bathroom, Gessi SpA, Innoci Vietnam, Jaquar Group, LIXIL Group, Roca Sanitario, S.A.,TOTO Ltd., Viglacera Corporation, Italisa (Vietnam) Co. Ltd., and Thien Thanh Sanitaryware Joint Stock Company (Thien Thanh).

Forage Seed Market is expected to exhibit a growth of 8.50% & to reach $20,646 million by 2022

Forage Seed Market Report, published by Allied Market Research, forecasts that the global market was valued at $11,683 million in 2015 and is projected to reach $20,646 million by 2022, growing at a CAGR of 8.50% from 2016 to 2022. In 2015, the alfalfa product segment held approximately more than one-fourth of the total market.

Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular forage seeds in the global market. They are available at low price compared to other feeds, such as wheat bran and oil seed. These forage seeds are supplied to seed cultivators and conditioners for further processing and conditioning to get purified seeds with increased level of protein and energy.

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The demand for forage seed is majorly driven by its high nutrient content, which helps to improve lactation, reproduction, and health of livestock. In addition, forage seeds are widely used to enhance milk production globally. Economic benefits with cultivating forage seeds, which include improving soil health and business flexibility, are further expected to drive the forage seed market. Irregular seed germination cycle, lack of favorable government policies for cereal crops, and insufficient funding in forage research is expected to hamper the market. Forage seed production does not involve addition of synthetic fertilizers and pesticides for forage crop growth and protection. The meat of the animals that are fed on forage is healthier and helps avoid obesity, cholesterol, cancer, fats, and hypertension. Thus, the rise in demand for organic meat to maintain a healthy lifestyle creates future opportunities for the forage seed market.

The alfalfa seed segment accounted for the highest share in the global forage seed market in 2015. The demand for alfalfa is on an increase due to its use to cure cholesterol, asthma, osteoarthritis, rheumatoid arthritis, diabetes, upset stomach, and thrombocytopenic purpura. It is also a rich source of vitamins A, C, E, and K4 and minerals such as calcium, potassium, phosphorous, and iron. This increases the opportunities for alfalfa market during the forecast period.

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Key Findings of Forage Seed Market

North America is projected to maintain its lead position throughout 2022 and grow at a CAGR of 7.58%, in terms of revenue.

Poultry livestock segment occupied the highest share of the total market in 2015 and is anticipated to grow at a CAGR of 9.25% from 2016 to 2022.

Asia-Pacific is anticipated to be the fastest growing region with a CAGR of 10.11% during the forecast period.

In 2015, Asia-Pacific and Europe collectively accounted for more than half of the total forage seed market and are expected to continue this trend due to increase in demand for organic meat and other dairy products. Rise in urban population is the main reason for the growth of forage seed market in the Asia-Pacific region.

The major players operating in the global forage seed market are Allied Seed, LLC., Brett Young, BASF SE, Dynamic Seeds Ltd., Central Garden & Pet Company, Barenbrug Seed Company, Northstar Seed Ltd., Hancock Farm & Seed Co. Inc., Fosters Seed and Feed Ltd., and Dow AgroSciences, LLC.