Market Research Report Insights

The global lager market size was valued at USD 366.94 billion in 2018. Rising demand for premium beer will boost the demand for lager in the market. Moreover, consumer preferences, improving standard of living, increasing disposable income, and changing lifestyles in developing economies, including China, India, and Mexico, are expected to fuel the product demand. Furthermore, various health benefits associated with the product such as lowering the risk of kidney stones, heart attacks, and strokes are expected to remain a favorable factor for the market growth over the next few years. Beer is commonly produced with four basic ingredients: water, malted cereals, yeast, and hops. These ingredients then undergo a fermentation process for over a certain period of time.  Beer  are largely categorized into two types: ale and lager. The basic difference between both the types of beer is the yeast that is used for fermentation. Selection of the yeast is based on the fermentation...

The global dried berries market size was valued at USD 29.70 billion in 2018 and is anticipated to register a CAGR of 5.8% from 2019 to 2025. Surging health awareness, acceptance of the product as a perfect health food, and increasing disposable income are the major factors driving the growth. Dried berries are processed by eliminating water content from the fruit using drying methods such as solar drying, vacuum drying, microwave drying, and freeze drying. Drying enhances flavor, shelf life, and binds the nutrition value of the product. Rising health concerns and inclination of people towards healthy food are expected to stimulate the product demand. Surging preference for healthy, organic substitutes is a contemporary trend expected to drive the market, owing to factors such as rise in disposable income and prevalence of heart diseases and hypercholesterolemia among other chronic diseases. Blueberries, being rich in antioxidants, help reduce oxidation of ‘bad’ cholesterol thus m...

The global concentrated milk fat market size was valued at USD 2.92 billion in 2018 and is anticipated to expand at a CAGR of 10.28% from 2019 to 2025. The growth is driven by increasing application of concentrated milk fat in food and beverage industry, primarily due to its longer shelf life and ease of transportation and storage. These benefits reduce the overall cost giving advantage to the foodservice providers and therefore accelerating the growth. The production and sales of concentrated milk fat has increased in the past few years, owing to its wide range of application in the food and beverage industry. It finds application in chocolates, oils, and ice creams among other food products. Increased consumption of these food products is resulting in anticipated to drive the market in near future. For instance, the global market for ice cream was estimated to be 54.80 billion in 2016, and is expected to expand at a CAGR of 4.1 % from 2019 to 2025, driving the demand for concent...

The global Dairy-Free ice cream market size was valued at USD 455.9 million in 2018 and is anticipated to expand at a CAGR of 14.8% over the forecast period. Increasing awareness about health, rising incidences of lactose intolerance and other milk related health issues, and socialization trends are expected to fuel the market growth in the forecast period. Rapid increase in commercialization, along with growing plant based milk production, is a key factor propelling the demand in non-dairy ice cream market. Product innovation for enhancing taste and technological advancements in the industry provide a positive perspective to the market. Multiple product launches with different taste and preferences will act as a stimulant for the market in the forecast period. For instance, apart from its existing flavors, Ben & Jerry’s come up with various other flavors, particularly for U.K. Increasing number of distribution channels owing to penetration of various MNC’s in the market w...

The global organic tobacco market size was valued at USD 141.8 million in 2018 and is expected to expand at a CAGR of 7.4% during the forecast period. Rising awareness among occasional as well as heavy smokers regarding the advantages of using organic flavored tobacco to quit smoking is projected to remain a favorable trend in near future. Furthermore, these products find use as they do not contain any harmful substances including ammonia, bleach and pesticides. Over the past few years,  tobacco  farmers have been increasing spending on adopting organic farming methods which boost the crop yield as compared to conventional cultivation technologies. Furthermore, the United States Department of Agriculture (USDA) permitted use of the product for smoking as well as non-smoking applications. The majority of smokers are now shifting towards organic tobacco rolled cigarettes, which is positively impacting the market. Rising health awareness is driving smokers to change thei...

The global cider market size was estimated at USD 4.33 billion in 2018 and is anticipated to register a CAGR of 3.1% from 2019 to 2025. Increasing demand for premium spirits on account of rising per capita income as well as consumption of alcohol as a status symbol are among the major growth drivers. Consumers increasingly prefer heritage, quality, and innovation in alcoholic drinks. Adoption of premium products, particularly by millennials owing to the increasing standard of living is one of the key trends observed in the market. Millennials, on account of being health conscious, are more inclined towards fruit-based drinks. The reduction of beer consumption in developed countries such as U.S. and U.K. has added to the growth of improved craft ciders. For instance, in 2017, HP Bulmer Limited, launched two products of Kier’s Clody Apple and Sarah’s Red Apple. The product is touted as a gender balanced category where male drinkers account for 51% while females account for 49%. ...

The global deodorizer bags market size was valued at USD 546.2 million in 2018 and is expected to expand at a CAGR of 6.7% by 2025. The market is driven by surging demand for the deodorizing agents in the automotive sector. The growth in the market is also attributed to rising concerns over odor in the footwear products. Rise in the number of innovations by the market players such as use of natural products like bamboo has also contributed to the growth of the market. For instance, in February 2017, Great Value SG launched a product named Bamboo Charcoal Deodorizer Mini Bags for use in shoes, lockers, and gym bags. Moreover, improvement in the living standards among the working and high class population is expected to increase the demand for deodorizer bags, thereby driving the global market.   Moreover, growing concerns over use of plastic and rising demand for effective packaging solutions have initiated the growth of these products in the market. Similarly, introdu...

The global food grade alcohol market size was valued USD 2.26 billion in 2018 and is expected to register a CAGR of 3.7% from 2019 to 2025. The growth is driven by an increase in the application of food grade alcohol in food and beverage, healthcare and pharmaceuticals, and personal care among other industries. Rising consumption of beverages and trade in alcohol are further propelling the demand for the food grade alcohol. The product is made using the process of fermentation of plants and grains such as wheat, corn, and barley and is found in alcoholic drinks, such as brandy, whiskey, and beer. Increased sale of these products is anticipated to bode well for market growth. Moreover, increased production of beer and alcohol has spurred use of ethanol in the beverage industry, driving the overall demand for food grade alcholol. Alcohol is an important ingredient for manufacturing extracts, flavors, yeast, and vinegars. The demand for ethanol has increased in the food industry ...

The global fox nuts market size was estimated at USD 25.6 million in 2018. Fox nuts, also known as lotus seeds or gorgon nut in some countries, provides numerous health benefits such as reducing fat content, maintaining blood pressure, low glycemic index, and limiting the occurrences of chronic inflammation. It also removes toxins from the human body and helps in balancing stress levels. Lotus seeds are consumed as an alternative to unhealthy snacks like popcorn or fried chips. Rising popularity of these products among children and adults alike in countries such as India, China, Japan, South Korea, Singapore, and Thailand is expected to remain a growth driving factor. This increase in consumption can be attributed to changing lifestyle of people, on the heels of rising health awareness. In addition, the high protein and low fat content of fox nuts is expected to promote its usage as a functional ingredient in the food and beverages industry over the coming years. Until recentl...

The global sports supplement market size was valued at USD 20.6 billion in 2018 and is expected to expand at a CAGR of 11.2% from 2018 to 2025. High demand for protein bars and dietary sources among athletes and bodybuilders is one of the key factors helping the market to proliferate. Penetration of internet of things (IoT) and rigorous marketing campaigns by manufacturers are supporting the growth of the market. Consumers are adopting different practices, such as healthy food, yoga, and gym, which lead to a healthy lifestyle. These practices have increased the demand for health-related products like dietary and organic food and sports supplements. Moreover, the use of self-diagnosis for deficiency and self-analysis kits has increased the need for sports supplements in some of the developed regions.  Market penetration is leading to adoption of new sources and retail marketing channels across various regions. Increasing focus on R&D has led to an increase in the number...

The global food and grocery retail market size was valued at USD 8,770.58 Billion in 2015. The food & grocery retail industry has been growing steadily in recent years and the trend is likely to continue over the forecast period. Countries in the Asia-Pacific region are among the key growth stimulants for the overall market. India, China, and Indonesia have posted prominent growth over the past few years due to emergence of modern outlets, which are rapidly replacing traditional retail formats. The market in mature and facing saturation, particularly in Western Europe. Supermarkets, hypermarkets, and specialist retailers are important industry participants. While the end consumers are the key buyers, food and grocery product manufacturers, farmers, and agricultural cooperatives are considered as key suppliers of food and grocery products. Lack of switching costs and limitations in product differentiation lead to buyer mobility, which forces larger retailers to maintain...

The U.S. tablet market size was valued at USD 18.0 billion in 2016. Adoption of tablets is anticipated to increase in the forthcoming years owing to demand for technologically advanced electronic gadgets. Introduction of detachable tablet PCs is also expected to fuel the product demand. Consumer preference for detachable tablet PCs due to frequent travels, working from remote locations, and creating or transferring content is anticipated to bode well for the growth. Moreover, convertible or detachable tablets belong to the hybrid category. These devices are flexible and can be used anywhere and anytime. Additionally, they offer media consumption and real-time content creation and communication. Tablets increase productivity and they are widely accepted by consumers due to easy portability. Initially used for media and entertainment, these devices are now increasingly being used for content creation as well. Tablets allow users to create, delete, share, and edit content at the ...

The U.S. communication equipment market size was valued at USD 83.22 billion in 2016. Rapidly expanding communication sector is expected to trigger the growth of this market. Supportive regulations for fixed-line devices by the telecom regulatory bodies are further contributing to the market demand. Rising need for significant investments to expand the current fiber optic infrastructure in the country is gaining prominence to support the upcoming 5G wireless technology. This factor is also anticipated to fuel market expansion over the forecast period. Increased smartphone penetration in the U.S. is estimated to drive the market. On the other hand, extensive usage of wireless communication equipment has led to a subsequent decline in the sales of traditional fixed-line devices and equipment. Mobile devices have become predominant communication equipment owing to the launch of new smartphones with enhanced features and in-built applications. According to the U.S. General Service...