China Playing Cards & Board Games Market Will Reach $1,675.4 Million by 2025 with a CAGR of 16.3%

According to a new report published by Allied Market Research, titled,"China Playing Cards & Board Games Market by Product Type and Competition Type: Opportunity Analysis and Industry Forecast, 2018 - 2025,"The China playing cards & board games market size was valued at $583.8 million in 2018, and is projected to reach $1,675.4 million by 2025, registering a CAGR of 16.3% from 2018 to 2025. In 2017, the board games segment accounted for approximately two-thirds share in the China playing cards & board games market and is projected to grow at the highest CAGR of 19.2%.

Playing cards & board games are very popular and common products known by every age of person from child to adults. They are used by end users for leisure as well as for learning. However, playing cards have high demand in the gambling industry than household as these are mainly used for playing various games such as Rummy, Blackjack, Bridge, Roulette, and Sweeps in casinos, clubs & other places. On the other hand, board games are very popular among kids, millennials, and adults which is also an important factor affecting the China playing cards & board games market size. These games play a crucial role in the growth and development of the children. It helps to enhance the creativity and self-confidence. It also helps to improve problem solving, critical, and logical reasoning skills. It is proven fact that playing board games regularly will help to reduce the risk of mental diseases such as Dementia and Alzheimer’s to a great extent. Apart from this, playing cards & board games are effectively utilized by game bars & cafes to increase social interactions. All these factors boost China playing cards & board games market growth.

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According to the China playing cards & board games market forecast in 2018, the playing cards segment have occupied 33% of China playing cards & board games market share due to exponential popularity and rise in number of live casinos. By competition type, Tier 1 was the highest revenue generator for China playing cards & board games market grabbing the share of 46.0% in market and estimated to grow at CAGR of 16.0%. The expertise, strong infrastructure, and financial resources help tier 1 companies to account for maximum share in the market. For instance, Shanghai Yaoji Playing Cards Co Ltd. is of the major company of playing cards holding significant share in the China playing cards market. These companies are capable to adopt technological advancements for the development of innovative products and hence covers most of the market in terms of revenue and volume.

Board games play a crucial role in the growth and development of the children. It is an important aspect of brain development as they help acquire logical and reasoning skills, boost critical thinking, and gain spatial reasoning. The rise in demand for strategy-based & educational board games among the children propels the growth of the market

However, Chinese board games such as Weiqi (Go), Xiangqi, Jungle, Chinese Checkers, Mahjong, Chinese Chess, and others have high demand from the U.S. and Europe, and thus experiencing positive growth during the forecast period. However, rise in related tariffs have encouraged the major importers to switch to other cost effective options such as India and Vietnam for production impacting the China playing cards & board games industry negatively.

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The playing cards & board games manufacturers in China are majorly OEMs but now the manufacturers are focusing on R&D and adopting technological advances to develop new products. Thus, offering variety of new and innovative products to consumer. All of the above will open avenues for growth in China playing cards & board games market.

Key findings of the China Playing Cards & Board Games Market:

• In 2017, board games segment dominated the China playing cards & board games market with 66% share in market
• Playing cards segment occupied around 34% in the overall China playing cards & board games market share and is expected to grow at moderate CAGR of 7.3% through the forecast period.
• By competition type, Tier 1 segment has occupied the largest share in the market and is estimated to grow at CAGR of 16.0%.
• Tier 2 companies of the market are expected to grow at 17.3% CAGR during the forecast period.

Global Baby Food Market Expected to Grow CAGR of 6.4% and to Reach $72.7 Billion by 2020

According to a new report published by Allied Market Research, titled, Baby Food Market by Product Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2014-2020, the global baby food market size was valued at $50.7 billion in 2014, and is projected to reach $72.7 billion by 2020, growing at a CAGR of 6.4% from 2015 to 2020. Milk formula stands out as the largest segment, primarily fueled by the growing awareness towards baby nutrition and a decrease in breast feeding among the working women population. Prepared baby food is identified as the most promising product segment in this market. Presently, supermarkets account for the largest sales channel in the market, however, over the baby food market analysis period, the segment of small grocery retailers is estimated to register the fastest growth rate. Asia Pacific is the highest revenue generating region in the baby food market; and is estimated to register highest CAGR of 7.7% during 2015 -2020.

Types of baby foods include Dried Baby Food, Milk Formula, Prepared Baby Food and Other Baby food such as baby snacks and beverages. Among these food products, the Milk formula segment alone contributes to nearly 2/3rd of the market, in terms of value. Dominance of this product category in the baby food market is primarily supplemented by the global demand for milk formula, growing urbanization, increasing disposable incomes and the changing lifestyles. Further, a significant increase in the count of working women population is a key factor driving the baby food market size and market growth, especially in developing Asian countries. Cow milk based formulas are gaining large adoption in emerging economies.

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Prepared baby food is the second largest market globally and is expected to grow at the fastest CAGR during the period. Growing time constraints among parents are the key factors propelling the increased adoption of prepared baby food. Presently, the demand for prepared baby food is largely limited to developed countries, however, over the forecast period, a considerable adoption would be witnessed in developing countries. Presently, demand for dried baby foods is moderate and would gain a steady pace over the forecast period. Increasing consumption of dried food with nutritionally balanced content is a key factor driving the demand for dried baby food products market.

Asia-Pacific leads the market, followed by Europe, North America and LAMEA. Asia Pacific is the largest market for milk formula, occupying more than half of the overall global baby food market share. This growth is majorly supplemented by improving economies and changing lifestyles of individuals in this region. Huge demand for prepared baby food in North American market is due to the presence of multi nutrition with balanced quantity of required nutrition in one pack. Growing concerns regarding the use of pesticides in food products, results in a larger demand for organic and premium baby food. Demand for baby food is expected to grow in the regions such as Middle East and African countries, due to the progressive awareness about the healthy baby food among the parents.

Supermarkets, hypermarkets, small grocery retails, and health & beauty retailers are the key distribution channels operating in the baby food industry. Supermarkets are the primarily preferred distribution channel followed by health and beauty retailers. However, in developing countries like India, small grocery retailers and health and beauty retailers are among the mostly preferred sales channels. Presently, small grocery retailers hold a comparatively smaller baby food market share in the global market; however, this segment is expected to witness the fastest growth during the forecast period. Other sales channels in this market include discounters, non-grocery retailers, and non-store retailing.

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Key Findings of the Baby Food Market :

• The growth of the baby food market is largely supplemented by the growing awareness for nutrition, rise in organized retail marketing, urbanization and a considerable increase in the count of working women population
• Types of baby foods include dried baby food, milk formula, prepared baby food and other baby food such as baby snacks and beverages. Among these food products, the Milk formula segment alone contributes to nearly 2/3rd of the market, in terms of value.
• China, India and Indonesia are the most promising markets and would grow significantly over the forecast period following the baby food market trends
• The Asia Pacific region would register the highest CAGR of 7.7% during 2015 2020

Key players operating in this market are primarily focusing on acquisition as a key strategy to strengthen their market presence. Acquisition is one of the key strategies followed by companies operating in this market. In 2007, Nestle acquired Gerber to expand its business segment in baby food. Also, in the step to make its foot hold in Asia, Danone acquired Wockhardt Nutrition India. Companies like Nestle and Abbott Laboratories are adopting groundbreaking marketing and branding strategies with an aim to strengthening their customer base.

Organic Dairy Food and Drinks Market will Reach $38,765.0 Million by 2026 with a 10.2% CAGR

According to a new report published by Allied Market Research, titled, "Organic Dairy Food and Drinks Market by Type: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global organic dairy food and drinks market size was valued at $17,849.0 million in 2018 and is projected to reach $38,765.0 million by 2026, to register a CAGR of 10.2% during the forecast period. Organic milk is the most prominent category in the type segment in the global organic dairy food and drinks market and is projected to grow at a steady CAGR of 10.0% through 2019-2026. Organic dairy food and drinks are manufactured by using organic milk as a raw material collected from livestock with the help of organic farming methods. It mainly includes perishable products such as milk, yoghurt, cheese, butter, and ice cream, which are used on a daily basis by consumers. Factors such as unique nutrient package and benefits provided by dairy food and drinks, make them an important part of a consumer’s life. The global market of organic dairy food and drinks is driven by the continuous introduction of innovative organic dairy products such as energy-based milk drinks and flavored organic milk drinks.

The demand for organic dairy food and drinks has been steadily increasing. Growth in health awareness among consumers is one of the key driving factors affecting the organic dairy food and drinks market size. In addition, food safety, environmental protection, animal welfare, and increase in use of natural and organic products are other major factors contributing to the growth of this market. Moreover, rise in purchasing power of consumers, improved standard of living, and initiatives taken by government associations such as low interest rates and loan facilities, are also driving the growth of this market in developing countries. However, high price of organic dairy products, private labels faking organic dairy products labels, lack of promotion, and increase in R&D cost hamper the organic dairy food and drinks market growth. On the contrary, Organic Dairy Food and Drinks Market Opportunity is expected to experience increase with the improvements in product offering together and attractive packaging.

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According to the organic dairy food and drinks market forecast in 2018 the organic milk was the highest revenue-generating segment and accounted for $8,132.9 million in the organic dairy food and drinks market share in 2018. However, the organic yogurt segment is expected to witness the fastest growth during the forecast period at a CAGR of 11.0% from 2019 to 2026 and attain a market size of $6,107.0 million by 2026.

People have become very health conscious today as prevalence of chronic diseases has increased over the years. This has encouraged people to look for food options to stay healthier and as a result of which consumption of organic products has experienced growth. 

Based on region, the organic dairy food and drinks industry is segmented into North America, Europe, Asia-Pacific, and LAMEA. In 2018, North America generated the highest revenue valued at $8,148.1 million in organic dairy food and drinks market share in 2018. This region is further expected to attain a market value of $17,773.8 million by 2026, growing at a CAGR of 10.3%. North America is expected to maintain its dominant position throughout the forecast period. LAMEA and Asia-Pacific are the emerging regions in the organic dairy food and drinks market and are expected to garner a cumulative share of 19.9% in 2026 growing at a CAGR of 10.0% and 8.6% respectively from 2019 to 2026.

Key findings of the Organic Dairy Food and Drinks Market:

• Based on type, the organic milk segment in the organic dairy food and drinks market was valued at $8,132.9 million in 2018 and is expected to grow at the highest CAGR of 10% from 2019 to 2026.
• Based on type, the organic yogurt segment was contributed $2,661.3 in 2018 and is estimated to grow at a CAGR of 11% from 2019 to 2026.
• Based on type, the organic cheese segment in the organic dairy food and drinks market is expected to grow at a CAGR of 10.6 % to reach $7,591.9 million in 2026.
• Based on type, other organic dairy food and drinks accounted for 20.5% of the organic dairy food and drinks market share in 2018 and is estimated to grow at a CAGR of 9.7% from 2019-2026.
• In terms of value, North America and Europe contributed a significant high market share in 2018.

The key players profiled in the report include BJ's Wholesale Club Inc, Chobani, LLC, Danone (horizon organic), General Mills, Inc., Organic Valley Cropp Cooperative, Royal FrieslandCampina N.V., Safeway Inc., Stonyfield Farm, Inc., Straus Family Creamery, and Unilever Group

Refrigerated Display Cases Market is registering a CAGR of 9.8% from 2016 to 2022

Refrigerated Display Cases Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $20.8 billion by 2022, registering a CAGR of 9.8% during the period 2016 to 2022. In terms of revenue, Europe dominates the global RDC market, with revenue share of around 32% in 2015, owing to the presence of an established food and beverage retail sector.

The market is expected to grow at a notable pace over the next five to six years, owing to factors such as expanding organized retail sector including supermarkets and hypermarkets, changing food preferences of people, evolving lifestyles and increasing disposable incomes. Moreover, a plethora of new developments in small scale food and retail sector, and inclination towards food safety concerns, are expected to boost the demand for RDCs in the near future. Owing to emission of greenhouse gases like CFCs and HFCs in existing RDCs, various changes are now being adopted with regards to compressor design, specifically in North American and European countries. For instance, 2015 F-gas regulations in Europe has boosted the demand for replacement and retrofitted cases.

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RDC market is segmented by product type and product design. Plug-in and remote RDC are the two key product types available in the market, of which the former enjoys a higher adoption. In 2015, the plug-in RDC segment constituted over 70% of the total market revenue, with an anticipated CAGR of 10.1% from 2016 - 2022. Plug-in RDCs are space and energy efficient, compared to remote RDCs. Moreover, initial capital investment requirements for installation for these product types are lower than remote RDCs.

Europe is a leader in world RDC market, accounting for a share of 32.6% of the overall market revenue in 2015. The region is expected to maintain its leading position throughout the analysis period. From a growth perspective, APAC is anticipated to exhibit the highest growth, with a CAGR of 11.8% during the forecast period. 

Vertical RDCs dominate the market in the product design segment, constituting around three-fifths of the market revenue in 2015. The segment is estimated to exhibit the fastest growth during the forecast period. With widespread growth in small and medium sized retail outlets, the demand for Vertical RDCs has witnessed a substantial increase. Horizontal RDCs are expected to exhibit a notable growth trend during the forecast period, owing to their growing demand in organized large size retail food stores. Hybrid RDCs, which have dual temperature control system have been gaining adoption, especially with increasing demand from cafes and quick service restaurants.

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Key Findings of Refrigerated Display Cases Market:

• Europe was estimated to be the highest revenue generating region in the RDC Market in 2015, owing to the high adoption of refrigeration solutions in the food and beverages retail market.
• Ongoing developments, urbanization, change in food habits and increasing standards of living have promoted the use of refrigerated display cases in Asia-Pacific, which is expected to grow at the fastest rate from 2016 - 2022.
• Plug-in RDCs segment dominated the RDC Market, and is expected to witness the highest CAGR of 10.1% during 2016 - 2022.

Some of the leading players in the global market include Metalfrio Solutions S.A, Lennox International, Dover Corporation, Illinois Tool Works Inc., Hussmann Corporation, AHT Cooling Systems GmbH, Epta S.p.a Refrigeration, Frigoglass S.A.I.C, Hoshizaki International, and ISA Italy S.r.l, Verco Limited. Product launches and mergers & acquisitions have emerged as prominent strategies adopted by the leading players. Currently, these companies are focusing on development of energy efficient and eco-friendly RDCs. Companies on the basis of acquisitions and collaborations with new entrants, are working towards maintaining their lead in the market. In 2016, Panasonic Corp. acquired Hussmann, one of the leading manufacturers of refrigerated display cases. This acquisition is expected to be a profitable move for both the companies as Panasonic will get a chance to expand its business foothold in the U.S. market and Hussmann will benefit from Panasonics strong brand image in the Asian Countries.

Chilled and Deli Food Market is Projected to Garner $1,051,554 Million, Globally, by 2022

Chilled and Deli Food Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,051,554 million by 2022, registering a CAGR of 3.2% during the period 2016-2022. Pies and savory appetizers coupled with meat segment are expected to grow at a high growth rate, in terms of revenue, with a CAGR of 3.4% and 3.3%, respectively.

Chilled and deli food items are ready to eat products which can be readily consumed and stored at low temperatures. The global chilled and deli food market is expected to witness notable growth in the coming years due to the increasing demand for ready to eat products. Chilled and deli food has become an important part of the lifestyle demographic because of the rising usage of preserved food products in daily life.

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The global prepacked sandwiches market is witnessing steady growth and is estimated to dominate nearly two-fifths of the global chilled and deli food market in terms of revenue by 2022 at a CAGR of 3.1%. Growing demand in the packaged food industry and rising consumption of healthier food products in the food and beverages industry is attributed for this growth, however, unstable price of raw material is limiting the growth of the market.

Though prepacked sandwiches are widely consumed due to their expedient utility and healthy properties, with the decrease in prices and calorie content, and the development of better preservation procedures, consumers are expected to switch to other options such as salads and savory appetizers.

Based on type, pies and savory appetizers is the fastest growing segment. It is expected that this segment would dominate the market continuously in terms of growth in the coming years with highest growth rate at a CAGR of 3.4% for the forecast period.

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Key Findings of Chilled and Deli Food Market:

• Though Asia-Pacific is projected to continue to dominate the chilled and deli food market, LAMEA will grow at a higher CAGR of 4.0%, in terms of revenue.
• North America accounted for more than one-fourth share of the chilled and deli food market, in revenue, with a CAGR of 2.6%.
• China dominated in the Asia-Pacific chilled and deli food market, and is expected to grow at a CAGR of 4.0%, in revenue terms.
• The meats segment of the chilled and deli food market is expected to grow with a CAGR of 3.3%, during the forecast period.
• Latin America dominated the chilled and deli food market in LAMEA region with nearly half the market share, and is estimated to grow at a CAGR of 5.6%, during 2016-2022.

Based on geography, the market is segmented into North America, Europe, Asia-pacific and LAMEA. Asia-Pacific was the highest revenue-generating region and is expected to grow at a CAGR of 3.8%. LAMEA is anticipated to register significant growth in the forecast period followed by North America and Europe with a CAGR of 4.0%.

The key players in the global chilled and deli food market in are Samworth Brothers Ltd., Tyson Foods Inc., Hormel Foods Corporation, JBS S.A., Kraft Foods Group Inc., BRF S.A., Astral Foods Ltd., 2 Sisters Food Group, Waitrose Ltd., and Wm Morrison Supermarkets Plc, among others.

Pet Food Market Analysis- Worldwide Opportunities, Revenue, Production, Demand and Geographical Forecast To 2022

According to a new report published by Allied Market Research, titled, Pet Food Market by pet type, food type, and sales channel Global Opportunity Analysis and Industry Forecasts, 2014 - 2022, projects that the global pet food market size was valued $68,109 million in 2014, and is projected to reach $92,747 million by 2022, registering a CAGR of 4.1% during 2016 - 2022. Moreover, North America is expected to dominate the global pet food market throughout the analysis period, registering a notable CAGR of 3.8%.

The global pet food industry is driven by rise in trend of nuclear families, rapid humanization of pets, and increased awareness about pet health. In addition, increase in ownership of pets in developing nations and rise in e-commerce sales offer opportunities for the pet food market players. However, increasing concerns about pet obesity and pet food recalls by companies hamper the growth of the global pet food market.

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Premium foods have garnered significant popularity among quality sensitive pet owners. The growing interest in humanized pet food has created lucrative opportunities for manufacturers to produce high quality nutritional food without additives or preservatives. Pet food products with low-fat, low caloric, and high moisture content are in high demand in the market, towing to the incidence of pet obesity. Therefore, the other pet food type segment is expected to witness the fastest rate during the forecast period.

Increase in pet humanization has led to the trend of adopting human food ingredients such as prebiotics, probiotics, and omega-3 in the pet food products for their wellness. This trend has evolved beyond flavors, shapes, and sizes to ensure the use of high quality ingredients, nutritional benefits, and manufacturing standards for pet foods. Growing consumer interests towards pet foods complying with the highest standards of manufacturing has created opportunities for manufacturers to offer gluten-free and locally sourced products to increase their consumer base

However, transition in packaging standards has significantly impacted the overall industry. Pet guardians prefer using metal canned packaging to flexible plastic and paper packaging. For instance, stand-up pouches witnessed more than 50% growth in the U.S. during 2007-2013. In addition, demand for smaller package sizes, such as single-served packets assist pet owners to deal with their pets weight or meal portions.

The global pet food market is segmented, based on sales channel, into pet specialized shops, internet sales, hypermarkets, and others (grocery stores and non-grocery stores). The hypermarkets segment generated the highest revenue and leads in terms of pet food market share for the year 2015. Hypermarkets offer one-stop shopping experience along with a broad product range. Conversely, internet sales have witnessed the highest growth rate, as it is one of the convenient shopping methods that offers a wide variety of products to pet owners. The rising online pet food sales would propel the overall market size. In the U.S., the sales of pet food through e-commerce platforms increased by more than 50%, and is expected to outpace the overall e-commerce or retail sales by 2022.

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North America was the highest revenue contributor to the global pet food market in 2015, and is expected to maintain its position throughout the period. Increase in pet ownership, innovation in specialty & premium products, and rise in awareness about pet health have fostered the North American market. For instance, treats & snacks, such as Whiskas Temptations Dentabites and Feline Greenies offered by Whiskas contain fortified and functional ingredients to serve multiple functions, such as dental and health issues, had gained popularity in North America and other parts of the world.

Key Findings of Pet food Market:

• By animal type, cat is estimated to be the fastest growing segment, in terms of revenue, registering a CAGR of 4.9% during the forecast period.
• LAMEA is Projected to be the second fastest growing region, in terms of revenue, registering a CAGR of 4.6% during the forecast period.
• Internet sales witnessed significant growth in 2014, and is anticipated to grow at the highest CAGR of 7.3%.
• The dry food segment was the highest revenue contributor to the global market, with 65.3% share in 2014, and is expected to maintain its dominance throughout the forecast period.

Market players have focused on adopting several strategies, such as product launch, acquisition, and partnership to expand their market outreach. For instance, in March 2016, Blue Buffalo partnered with Mossy Oak to launch Bayou Blend, an enticing catfish and shrimp meal, which is a no-grain, protein rich formulation. This product helped the company to increase their product portfolio and expand in the South American markets.

The key market players profiled in the report include Mars Petcare US Inc., The Procter & Gamble Company, Big Heart Pet Brands, Nestl Purina PetCare, Diamond Pet Foods, Hills Pet Nutrition, Tiernahrung Deuerer GmbH, WellPet LLC, Blue Buffalo Co., Ltd., and Heristo Aktiengesellschaft.

Increase in Demand for Sanitary Ware & Bathroom Accessories Market in Vietnam is Expected to Reach $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.

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.

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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.

Growth in urbanization, rise in standard of living and foreign direct investment in the Vietnam region to augment sanitary ware and bathroom accessories market growth. Furthermore, introduction of smart technologies are expected to provide impetus to the growing market in the region.

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.

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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).

Home Entertainment Devices Market size expected to attain $294,969 Million, by 2022

Home Entertainment Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to reach $294,969 million by 2022. Video devices is estimated to be the most dominant product type in the market from 2015 to 2022. Based on region, Asia-Pacific led the market, accounting for around 29.8% share of the global market in 2015.

Home entertainment devices market includes products and systems that are used in domestic or personal context. The market includes several consumer electronic products such as television sets, video players & recorders, audio equipment, and gaming devices. Over the past few years, there is a significant rise in consumer investments in entertainment products mainly owing to the increase in disposable income and development of innovative entertainment solutions from manufacturers.

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Factors that drive the market are increase in product bundling by vendors, increase in demand from customers for connected products, growth in consumer disposable income, and decrease in prices of entertainment products. The market growth is also driven by increase in digitization of electronic goods, rapid innovations in existing products and growing tech-savvy urban population in developing countries. However, the market growth for these products is mitigated by increase in consumer shift toward mobile platforms and consumer apprehensions due to adverse effects on health from audio equipment and wireless devices.

The market growth for home entertainment systems is boosted by the development of new and connected products. Companies operating in the market launch new products and services which increase the convergence between the current products and the rising Internet-of-Things. There is also high competition among key market players which forces them to bring continuous innovation in their products.

The global home entertainment devices market is segmented based on product type, connectivity, and geography. Based on the product type, the market is divided into audio devices, video devices, and gaming consoles. The audio devices market has been further segmented into home theatre in-a-box (HTiB), audio systems, home radios, sound bars, headphones and others. The video devices segment includes televisions, Blue-ray & DVD players, projectors, DVRs, and streaming devices. Video devices were the most dominant product type accounting for around 84.6% of the overall market in 2015. The video devices division was majorly dominated by the television segment. The market growth for televisions is supported by growth in customer demand for smart TVs. Smart TVs presently make up only small portion of overall sales, the adoption of these devices is expected to grow with increase in customer demand for web-based content.

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Based on the mode of connectivity, the market for home entertainment systems was segmented into wireless and wired devices. Wireless devices can refer to setup that simply has a set of wireless surround sound speakers to a system that incorporates wireless home networking. They also have inbuilt LAN devices that allow users to access the Internet and provide the benefits of networking in a cable-free environment. The market by connectivity was dominated by wired devices segment and accounted for around 77.9% of the overall market in 2015. Wireless devices are expected to grow at a faster CAGR of 9.8% and reach $104,078 million by 2022. The market for wireless devices is driven by advancements in Internet, TV, and other application technologies.

By geography, the home entertainment devices market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific is the most dominant geographical market for home entertainment devices in 2015. Asia-Pacific is largely driven by the growth in disposable income and tech-savvy urban population from major countries such as China and India. Asia-Pacific is estimated to grow at a CAGR of 7.9%.

Key findings of the Home Entertainment Devices Market:

• In the year 2015, video devices led the overall market revenue, and is projected to grow at a CAGR of 7.1% during the forecast period.
• The gaming consoles market is expected to grow at a significant CAGR of 6.5%. The market growth is due to the innovations in the audio-visual devices. The availability of high end-displays and sound systems has enriched the gaming experience for the users.
• Wireless devices segment is expected to grow at a CAGR of 9.8%.
• Asia-Pacific is the most dominant regional market, accounting for around 29.8% of the global market in 2015.

The key market players focus on innovation in their product offerings and form partnerships and collaborations with other suppliers. The key players profiled in the report include Sony Corporation, Apple Inc., Panasonic Corporation, LG Electronics Inc., Samsung, Bose Corporation, Sennheiser Electronic GmbH & Co. KG, Microsoft, Koninklijke Philips N.V, and Mitsubishi Electric Corporation.

Food Safety Testing Market in South Africa is Expected to Reach $145,995 thousand by 2025, with a CAGR of 10.4%

According to a new report published by Allied Market Research titled,"South Africa Food Safety Testing Market by Contaminant, Food Tested, and Technology: Opportunity Analysis and Industry Forecast, 2018 - 2025,"the South Africa food safety testing market size was valued at $65,727 thousand in 2017, and is estimated to reach $145,995 thousand by 2025, registering a CAGR of 10.4% from 2018 to 2025. In 2017, the polymerase chain reaction (PCR) technology segment accounted for nearly two-fifths share of the total South Africa food safety testing industry.

Access to safe and affordable food is a basic human right. Food carrying potential contaminants can be harmful to health. Consumers expect and deserve protection against risks found in food. This ethical factor generates the need to setup food safety regulation and drives the growth of the South Africa food safety testing market.

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Food safety auditors in the South African arena are faced with a number of challenges and one of the areas that lead to the biggest debates is the effective auditing of product testing requirements & compliance in the absence of comprehensive legislation.

Food fraud is committed when food is deliberately altered for financial gains with the intention of deceiving consumers. The food standards agency (FSA) specifies two main types of food frauds namely, sale of food that is unfit and potentially harmful and deliberate mis-description of food. Increased economically motivated adulteration (EMA), owing to high competition and rise in incidence of food frauds globally, is the prime factor that boosts the South Africa food safety testing market growth during the forecast period.

Outbreak of listeriosis, a serious foodborne disease, is the key factor to supporting the development of various regulations to shape the modern food control infrastructure, and thus, support the growth of the South Africa food safety testing market. In addition, rise in economically motivated adulteration (EMA), owing to high competition and rise in incidence of food frauds, is a significant factor that is expected to boost the growth of the food safety testing market during the forecast period

Food producers have witnessed high competition over the years, owing to the growth in food industry. The intentional adulteration of food for economic gains poses health risks and has affected consumers, businesses, and economy. For instance, use of formalin as a preservative for fish and meat products aids in keeping the product fresh, and thus, increases the shelf life of the product.

Implication of various regulations on food safety, growth in instances of food fraud, and rise in economically motivated adulteration (EMA), owing to high competition among food producers, drive the food safety testing market. However, high cost of food safety testing, complexity in testing techniques, and lack of harmonization of regulations are expected to hamper the food safety testing industry growth.

The Department of Health requires that all foodstuffs be safe for human consumption in terms of the Foodstuffs, Cosmetics and Disinfectant Act, 1972 (FCD Act). This Act addresses the manufacture, labeling, sale and importation of foodstuffs. Matters regarding the hygiene of foodstuffs are addressed by the National Health Act, 2003, and the hygiene requirements at ports and airports including vessels and aircraft are addressed by the International Health Regulations Act, 1974.

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In 2017, the processed food segment was the leading revenue contributor to the South Africa food safety testing market. The processed food segment includes numerous processed products, such as infant formula, packaged food, wine, bakery & confectionery, and other processed food products; hence, there is a large possibility for food adulteration.

Technology such as immunoassay-based, accounted for around one-fourth of the South Africa food safety testing market share in 2017.

Chemical & toxins testing is projected to grow at the highest CAGR during the forecast period. This is attributed to increase in application of pesticides and fertilizers in agriculture and high application preservatives in storage & preservation of food products.

In 2017, pathogen testing is still the most dominant segment of food testing. Food can be easily contaminated with pathogenic bacteria through exposure to inadequate processing controls, cross-contamination, animal manure, and improper storage or cooking. Contamination of food with pathogens can cause food poisoning. Common symptoms of food poisoning include stomach cramps, nausea, vomiting, diarrhea, and fever. However, most cases related to food poisoning go unreported to health agencies; as, for normal healthy adults, food-borne pathogens only cause mild symptoms and medical help may not be required. However, food poisoning can be quite serious in young children, and in frail and immuno-compromised people.

The South Africa food safety testing market is highly competitive, owing to the presence of several well-established manufacturers and vendors. The market has been undergoing significant consolidation over the last few years, and this trend is expected to continue further, owing to increase in acceptance of food safety testing and technological advancements.

However, in developing countries such as South Africa, micro-, small-, & medium food manufactures dominate the market. These manufacturers often lack adequate knowledge & facility to maintain food safety standards. In addition, street food in developing countries is one of the significant sources of unhygienic food & water, as water supplies & disposal of water is not sufficient.

Key Findings of the South Africa Food Safety Testing Market:

• In terms of value, the PCR-based assay technology in South Africa food safety testing market is expected to grow at a CAGR of 11.0% during the forecast period.
• Gauteng region is expected to dominate the South Africa food safety testing market, registering a significant CAGR of 10.9% in terms of value.
• Mpumalanga region is projected to show exponential growth throughout the forecast years, growing at a CAGR 12.8%, in terms of value.
• Based on food tested, the processed food segment is anticipated to dominate the South Africa food safety testing market, registering a CAGR of 10.5%.
• Based on contaminant, the pathogen testing segment accounted for more than two-fifths share of the South Africa food safety testing market in 2017.

The key players profiled in this report include ALS Limited, Bio-Rad Laboratories, Inc., Bureau Veritas, Deltamune, DNV GL AS (DNV), Eurofins Scientific S.E., Intertek Group plc., QIMA Limited, SGS SA (SGS), and TUV SUD.

Footwear Market Expected to Generate Huge Profits with a CAGR of 5.5% by 2020

Footwear Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $371.8 billion by 2020, registering a CAGR of 5.5% during the period 2015 - 2020.The Asia Pacific region is a major exporter of leather footwear to the United States and United Kingdom and ranks as the highest revenue generating region in the footwear market worldwide. The region generated a revenue of $116.9 billion in 2014, and is expected to grow at a CAGR of 4.7% during the forecast period. A global increase in disposable incomes, growing urbanization and changing lifestyles are key factors that boost the growth of the global footwear market.

Athletic and non-athletic are the two major types of footwear, wherein non-athletic footwear holds a larger market share in comparison with athletic footwear. Both the segments would witness growth during the forecast period, on account of the growing consciousness of fitness, which subsequently boosts the market of athletic footwear; and the large demand of non-athletic footwear such as casual shoes, boots, sneakers, slip-ons, flip flops and formal shoes.

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The raw materials that are commonly used in the manufacturing of footwear include suede leather, tanned leather, rubber, fur and textile fabrics. Leather footwear accounts for larger market share as compared to the non-leather footwear made of materials such as rubber, textile fabrics and similar others. The United Kingdom and United States are major importers of leather footwear.

The analysis of footwear market reveals that the segment of women footwear dominated the end- user segment, accounting for 50.5% market share in 2014. The segment would continue to maintain its leading position throughout the forecast period. The segment of children footwear would witness the fastest growth during the forecast period, on account of the large demand for stylish, trendy and fancy footwear for children.

Presently, retail stores are a significant sales channel for manufacturers, however, with growing e-commerce networks, the online platform would gain popularity over the forecast period.

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Key Findings of Footwear Market:

• Increasing disposable incomes and changing lifestyles are some key factors that influence the market growth over the forecast period (2015 - 2020)
• Leather segment accounted for around 60% of the market in 2014 and would continue to dominate the market throughout the analysis period; Non-leather segment, with relatively smaller market share would witness faster growth during 2015 - 2020
• Asia Pacific accounts for the highest revenue generating region in the global market and would continue to lead the market over the forecast period

Product launch and partnerships are the two key strategies adopted by leading market players. Additionally, the market players are constantly in the process of conceptualizing effective strategies for marketing and branding their products across global events such as the Olympics, Formula One Grand Prix and Wimbledon among others. The key players profiled in this report are Nike Inc., Adidas AG, PUMA, GEOX S.p.A, SKECHERS USA, Inc., Under Armour, INC., Wolverine World Wide, Inc., Timberland, Crocs Retail, Inc., and ECCO Sko A/S.

Global Cheese Market Expected to Reach $164,338 Million by 2023, At a 2.7% CAGR

According to a new report published by Allied Market Research, titled,"Cheese Market by Source, Type, Product, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017 - 2023,"the global cheese market size was valued at $136,283 million in 2016, and is projected to reach $164,338 million by 2023, growing at a CAGR of 2.7% from 2017 to 2023. The natural cheese type accounted for more than 70% of the global market in 2016. Cheese is a dairy product rich in several milk fats, vitamins, and minerals, prepared by coagulation of milk proteins, separation of whey, and subsequent ripening. Milk is the major raw material used in preparation of cheese, which is reduced to one-tenth of its volume after the formation of final product. It is manufactured in variety of shapes, textures, and flavors based on the country or region where it is produced. According to types it consists of different proportions of fats and proteins. The animals whose milk are used during cheese-making include cows, buffaloes, goats, and sheep. Moreover, cheese comes in various forms, namely, hard, semi-hard, soft, and fresh. In addition, cheese offers several health benefits such as lower blood pressure, facilitated absorption of minerals via digestive tract, stronger bone & teeth, prevention of heart disease & osteoporosis, and others.

The global cheese industry was primarily occupied by North America and Europe with nearly 80% share in 2016. At present, the market is driven by large number of quick service restaurants (QSRs) in the developed regions and growth in number of QSRs in the developing regions. In addition, extensive shelf life of cheese products, rise in disposable income, and surge in demand for protein-rich food. However, growth in obesity rates & rise in health consciousness among adults, unhealthy additives & ingredients in processed cheese, and perishable nature of cheese products are expected to hamper the market growth during the cheese market forecast period. Moreover, developing market for low-fat cheese and various innovations to improve cheese taste & quality present new opportunities.

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The natural cheese segment is anticipated to grow at the highest CAGR throughout the analysis period, due to high health benefits, negligible use of harmful preservative or artificial additives, and superior quality as compared to processed cheese. The raw materials employed in making the natural cheese include cultured milk, salt, enzymes, and natural colors for orange cheddars.

In 2016, by source, the cow milk segment accounted for the highest revenue of $110,053 million. This is attributed to the presence of protein and fat in the milk which gives flavor and texture to the cheese. Furthermore, before the cheese making process starts, the cow’s milk is pasteurized by heating the milk to a precise temperature and then rapidly cooling it. Heating milk kills the harmful bacteria present in the milk. 

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Key Findings of the Cheese Market:

• The natural cheese market is expected to grow at the highest CAGR of 2.1%, in terms of volume, during the forecast period.
• The convenience and specialty stores segments are anticipated to be the fastest developing distribution channels, terms of value, growing at a CAGR of 1.9% and 3.2% respectively, from 2017 to 2023.
• Asia-Pacific is expected to grow at the highest CAGR of 4.2% from 2017 to 2023.
• The cow milk segment globally occupied more than 80% cheese market share in 2016 and is anticipated to witness the highest growth rate during the forecast period.
• The cheddar cheese product segment accounted for the major market share in 2016, and is anticipated to grow at the highest CAGR of 2.6% in terms of volume.
• The report includes the market analysis at regional as well as the global level, key players, application areas, cheese market size and market growth.

In 2016, North America and Europe collectively accounted for more than 70% of the global cheese market share with lesser CAGR compared to other regions, but are expected to retain more than 70% share till 2023. This is due to high per capita consumption of cheese in different countries of these regions and already established fast food restaurant chains. Asia-Pacific is projected to grow at the highest rate followed by LAMEA, owing to increase in urbanization coupled with rise in disposable income.

The major companies profiled in this report are Arla Foods, Bel Group, Fonterra Food, Kraft Heinz, Lactalis Group, SAVENCIA SA, Britannia Industries Limited, Associated Milk Producers Inc., Saputo Inc., and Gujarat Cooperative Milk Marketing Federation Ltd.

Point-of-Entry Water Treatment Systems Market will Hit $6.6 Billion, Globally, by 2022

Point-of-Entry Water Treatment Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $6.6 billion by 2022, registering a CAGR of 8.9% during the period 2016-2022. Asia-Pacific is expected to maintain its leading position through 2022 owing to technological developments and rising awareness, backed by the increasing disposable income. Water softening technology is anticipated to maintain its dominance throughout the analysis period, followed by filtration methods.

Water softeners lead the market on account of the widespread usage primarily among the residential customers. Water filtration is the next prominent technology due to heavy demand from the industrial sector. The food & beverage and semiconductor and electronics industries constitute a sizable demand for water filters.

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In 2015, the residential sector occupied a major share of the market among the application areas, and is expected to maintain its leading position on account of growing population and urbanization. However, the industrial sector is anticipated to grow at the highest CAGR, on account of stringent regulations regarding water quality for industries such as food & beverage and pharmaceutical.

The demand of clean drinking water is on a continuous rise globally, due to enormous growth in population. The changes in lifestyle in recent years have resulted in increased consumption of clean potable water. In addition, awareness regarding health issues arising from contaminated water is growing globally. These factors collectively drive the point-of-entry water treatment systems market. However, the high equipment and operation cost restricts demand of these systems, thereby hampering the market growth.

Asia-Pacific currently occupies the majority of market share. Improving economic conditions in China and India facilitate the growth in demand for water treatment systems in these countries. The LAMEA region is expected to grow with a notable CAGR during the forecast period, on account of improving lifestyle and increasing health awareness among the populace.

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Key Findings of Point-of-Entry Water Treatment Systems Market:

• Rising awareness about the health issues arising from contaminated water drives the point-of-entry water treatment systems market.
• The degrading water quality owing to industrialization increases the demand of water treatment systems in developing countries.
• Water softening technology currently leads the market constituting approximately 38% of the overall market revenue.
• Asia-Pacific is anticipated to maintain its leading position owing to heavy demand from China and India.

Leading players operating in the market include The DOW Chemical Company, 3M Company, Danaher Corporation, Best Water Technology (BWT) AG, Calgon Carbon Corporation, Culligan International, and Watts Water Technologies, Inc. These players introduce technologically advanced products and continuously expand their portfolio to capitalize on this growing market.