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Showing posts from July, 2019

Huge demand for Luxury Apparels Market Projected to Reach $81.23 Billion, Globally, by 2023

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According to a new report published by Allied Market Research, titled, Luxury Apparels Market by Material, Gender, and Mode of Sale: Global Opportunity Analysis and Industry Forecast, 2017-2023,the luxury apparels market size was valued at $62.62 billion in 2016, and is projected to reach $81.23 billion by 2023, growing at a CAGR of 3.9% from 2017 to 2023. Cotton, one of the widely-worn materials, dominated the global market and is expected to maintain this trend till 2023. However, Asia-Pacific is expected to dominate the market throughout the forecast period due to rapid increase in urbanization and rise in disposable income. Growth in online mode of sale, rapid urbanization, and change in lifestyle, owing to increased disposable income of the consumers, drive the luxury apparels market growth. In addition, growth in the emerging economies, such as Asia-Pacific and LAMEA, is anticipated to create lucrative opportunities for the global luxury apparels market. However, high cost of raw…

Household Vacuum Cleaners Market is Expected to Garner $16,657 Million, Globally, by 2022

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Household Vacuum Cleaners Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $16,657 million by 2022. Upright vacuum cleaners segment is estimated to dominate this market during the analysis period. Asia-Pacific accounted for more than one-third of the market in 2015 and would maintain its dominance throughout the forecast period. Growth in urban population in developing nations, improved infrastructural facilities, and rise in awareness towards cleanliness and hygiene worldwide, are factors that drive the market. Cost-effectiveness, safety, efficiency, high accessibility to corner & small areas, and automation in household cleaning has resulted in increased demand for vacuum cleaners. In addition, improvement in living standards, rise in disposable income, increase in working population, coupled with high purchasing power, and ease of operations in vacuum cleaners are anticipated to further drive the demand for household vacu…

Food Robotics Market will Hit $3,612 Million, Globally, by 2023, growing at a CAGR of 13.0%

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According to a new report published by Allied Market Research titled, "Food Robotics Market by Type, Payload and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the food robotics market was valued at $1,535 million in 2016 and is projected to reach $3,612 million by 2023, growing at a CAGR of 13.0% from 2017 to 2023. Asia-Pacific is one of the prominent customers of food robotics and held more than three-fifths of the total market share in 2016. Technological advancement across various industries widens the application horizon of robotics. Major applications of robotics is automotive, electrical and electronics, metal, chemical and plastics, and food. Robotics are being adopted in the food & beverage industry in the recent few years. This is mainly attributed to the advantages offered by these robots such as high speed of productivity, better cleanliness and hygiene, more flexibility, and others. Request Sample Report: https://www.alliedmarketre…

Growing demand for Online Travel Market to reach $1,091 Billion, Globally, by 2022

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Online Travel Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the period 2016-2022. Asia-Pacific is expected to witness the highest growth during the forecast period. Direct travel suppliers, such as hotels, airlines and car rental companies, which offer booking facilities on their websites, dominate the market, whereas Online Travel Agencies (OTAs) would witness higher growth over the next 5 - 6 years. Growth of the online travel market is driven by the increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online. Market players are introducing innovative travel and vacation package deals to assist travelers in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on internatio…

Managed Security Services Market Revenue Projected to Reach $40.97 Billion by 2022

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The managed security services marketfocuses on various applications which include managed IPS/IDS, DDoS, UTM, firewall management, endpoint security, and others. IPS/IDS constitute the highest market share as the they provide protection to any sized networks. The combined package of IDS and IPS solution provides the features of both solutions in single package. Nonetheless, Endpoint security application is witnessing growth with the rise in application of mobile devices to access corporate network. Generally, managed security services are delivered in two basic modelson-premise or customers premise equipment and cloud-based managed security service model. The on-premise or customers premise equipment constitute the highest market share and is preferred in cases when organization/companies are concerned about security of sensitive information over cloud. Based on organization size, the report covers businesses under two main groups such as large businesses and small- & medium-sized b…

Confectionery Market Estimated to Reach $232,085 Million, Globally, by 2022 - Says Allied Market Research

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Confectionery MarketReport, published by Allied Market Research, forecasts that the global market was valued at $184,056 million in 2015, and is expected to reach $232,085 million by 2022, supported by a CAGR of 3.4% during the forecast period 2016 - 2022. The chocolate confectionery segment dominated the market in 2015 with more than one-third revenue share. Confectionery industry manufactures wide variety of food products that contain high sugar content such as candies, chocolates, caramels, gums, and cookies. Product innovation, rise in gifting trend, retail market expansion, and strong marketing campaigns are major factors that drive the growth of the global confectionery market. In addition, economic growth and rise in disposable income of emerging economies supplement the market growth, thus increasing the purchasing power of customers. Sucrose, cocoa products, flours, sugar, and food additives are some of the raw materials utilized in confectionery production. Manufacturers are …

Nutraceuticals Market Worth $302,306 Million by 2022, At a CAGR of 7.04% from 2016 to 2022

Nutraceuticals market report published by Allied Market Research, forecasts that the global market is expected to be $184,092 million in 2015, growing at a CAGR of 7.04% from 2016 to 2022 to reach $302,306 million by 2022. The functional food segment dominated the market in 2015 with more than one-fourth share, in terms of revenue. Request Sample Report: https://www.alliedmarketresearch.com/request-sample/1815

Nutraceuticals are standardized grade of food sources derived from food sources with extra benefits in addition to basic nutritional value found in food. Integration of nutraceuticals with personal care has benefitted the market with cosmeceuticals owing to its anti-aging properties. In addition, increase in demand for nutraceutical in dietary supplements products is expected to drive the market owing to decreased use of genetically modified foods and crops. The expensive medical treatments have paved the way for nutraceuticals as an alternative to expensive drugs which is expecte…

Biostimulant Market Expected Will Reach $4,089 Million, Globally, by 2023 | CAGR 12.6%

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Biostimulant Market Report, published by Allied Market Research, forecasts that the global market was valued at $1,784 million in 2016, and is projected to reach $4,089 million by 2023, growing at a CAGR of 12.6% from 2017 to 2023. Europe is one of the prominent consumers of biostimulants, accounting for more than 40% of the total market in 2016. Biostimulants are naturally derived fertilizer additives used to enhance plant growth and productivity. These products also contribute towards nutritional enhancement of agricultural products. Acid- and extract-based biostimulants are the major types of biostimulants available in the market. Acid-based biostimulants include humic acid, fulvic acid, and amino acid, whereas seaweed extracts and other plant extracts are considered under plant extracts. Various regulations are imposed on the use of biostimulants by regulatory bodies. Request Sample Report: https://www.alliedmarketresearch.com/request-sample/2302 Increase in demand for high crop yiel…

Adventure Tourism Market Will Reach $1,335,738 Million, by 2023, at a CAGR of 17.4%

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According to a new report published by Allied Market Research, titled, Adventure Tourism Market by Type, Activity, Type of Traveler, Age Group, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023, The global adventure tourism market was valued at $444,850 million in 2016, and is projected to reach $1,335,738 million in 2023, registering a CAGR of 17.4 % from 2017 to 2023. Adventure tourism involves exploration or travel to remote exotic areas. It includes unique and challenging experiences during the vacation, in which travelers interact with local populations and connect with their core values. Adventure travel is a kind of niche tourism, which includes numerous activities such as caving, climbing, cycling, hiking, hunting, rafting, and others. Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1604
Adventure tourism is growing exponentially worldwide, as travelers prefer to visit previously undiscovered destinations. Moreover, with t…

Wearable Technology Market Expected to Grow at a CAGR of 16.2% from 2016 to 2022

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According to a new report published by Allied Market Research, titled, Global Wearable Technology Market by Devices, Product type, Application, and Geography: Global Opportunity Analysis and Industry Forecast, 2014-2022, the wearable technology market size was $19,633 million in 2015, and is projected to reach $57,653 million by 2022, growing at a CAGR of 16.2% from 2016 to 2022. North America is expected to be the leading contributor to the global wearable technology market, followed by Europe and Asia-Pacific. The growth of the global wearable technology market is driven by convenient usage of wearables and entry of various smartphone manufacturers. In addition, rise in health concerns among consumers fuels the adoption of wearable devices, which enable them to provide real-time information on their overall health. Multiple benefits offered by these devices such as GPS tracking, heart monitoring, and notification alert further supplement the wearable devices market growth. Moreover, …

Reverse Osmosis Membrane Market Growth By Top Key Players and Opportunities, 2018-2025

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According to a new report published by Allied Market Research, titled, Reverse Osmosis Membrane Market by Material Type, Filter Module, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global reverse osmosis membrane market size was estimated to be $6,201 million in 2017, and is estimated to reach $12,125 million by 2025, registering a CAGR of 8.7% from 2018 to 2025. In 2017, the spiral-wound reverse osmosis membrane segment accounted for more than two-fifths of the total reverse osmosis membrane market. There are two main types of water treatment technology namely, thermal and membrane technology. The membrane technology includes microfiltration, ultrafiltration, nanofiltration, and reverse osmosis, among others. Reverse osmosis membrane market is one of the fastest growing market. Reverse osmosis is a form of membrane separation, which uses pressure to force a solution through a membrane that retains the solute and allows the pure solvent to pass to …

Curcumin Market Expected to Reach $104.19 Million by 2025 | CAGR: 8.9%

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Curcumin Market by Application: Global Opportunity Analysis and Industry Forecast, 2018-2025 the global curcumin market was valued at $52.45 million in 2017, and is projected to reach $104.19 million by 2025, registering a CAGR of 8.9% from 2018 to 2025. In 2017, the pharmaceutical segment accounted for more than 50% share of the global curcumin market in terms of value.
Curcumin is a bioactive compound found in turmeric, known for its powerful medicinal and therapeutic properties. It has been used as a spice and medicinal herb for thousands of years in Asian countries such as India, Thailand, Indonesia, and others. Owing to its anti-inflammatory, antioxidant, and cartilage building properties curcumin finds extensive applications in the cosmetic and pharmaceutical industry. Medicines containing curcumin extracts are used for treatment of numerous diseases and health problems such as wound healing, treating sprains, arthritis, liver problems, diabetes, gastric problems, Alzheimer, and …