Lip Powder Market Size Worth $525.9 Million By 2025

The global lip powder market size is expected to reach USD 525.9 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Growing demand for matte finish lightweight lip color is fueling the demand for the product. Over the past few years, consumers of the makeup industry has been experimenting with new makeup products. Therefore, the lip powder products have gained significant popularity in the makeup industry. Furthermore, rapidly growing social media has been influencing the consumers to try new products.

The palette product segment dominated the market in 2018. Palettes include a balm in the lip kit, along with a powder color. Consumers prefer this kit as the balm keeps the skin hydrate. However, pens are easy to apply and more handy than the palette. Therefore, pens are expected to witness the fastest growth in the near future.

In terms of distribution channel, the online segment is expected to witness significant growth in the projected period. Rapid penetration of internet users has increased the online sales of the product. Moreover, increasing number of online retailers across the globe has made the product easily available to the consumers. As a result, consumer preference is shifting towards online shopping from the traditional brick and mortar shopping.

As of 2018, Asia Pacific held the largest market share. Rising concerns over physical appearance among working women have fueled the market growth in this region. In addition, increasing spending on personal grooming products in the developing countries including China, South Korea, Indonesia, Philippines, India, Taiwan, and Malaysia is boosting the demand for the product.

Key competitors of this industry include L’Oréal S.A.; The Estée Lauder Companies Inc.; Shiseido Company; Revlon, Inc.; BY TERRY; Stellar Beauty; Urban Decay; CLE COSMETICS; CHANEL International B.V.; and Sephora USA, Inc.

Over the past few years, leading manufacturers of the cosmetics industry are entering the market to meet the growing demand for the product. For instance, in 2018, CHANEL International B.V. launched Poudre à Lèvres Lip Balm and Powder Duo. It contains both balm and powder in the palette format, which is available in three different shades.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/lip-powder-market

Further key findings from the study suggest:

  • Asia Pacific held the largest lip powder market share of 30.7% in 2018
  • North America is expected to expand at the fastest CAGR of 8.5% from 2019 to 2025
  • The palette product segment dominated the market in 2018 and accounted for 54.4% share of the overall revenue
  • The offline distribution channel segment accounted for the largest market share of 90.2% in 2018.

Soy Dessert Market Size Worth $90.2 Billion By 2025

The global soy dessert market size is expected to reach USD 90.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.2% over the forecast period. Growing awareness about the health benefits, rising lactose intolerance, and shifting trends to healthy sweets are expected to drive the market in the forecast period.

Soy milk contains less fats, carbohydrates, and cholesterol as compared to dairy milk, thus rising health consciousness among young consumers is expected to increase the demand for the product in the coming years. The product is high in protein and it helps in weight loss thus are good for obese population. These are the prominent factors that are expected to drive the market for the product in the forecast period.

Based on distribution channel, hypermarket dominated the market and accounted for more than 65.0% share of the global revenue in 2018. Availability of a wide variety of the products under one roof, discounts, and presence of international players are the prominent factors for the segment growth. Online retailers is the fastest growing segment and is expected to witness significant growth in the forecast period. Increasing internet usage and penetration in the rural areas and ease of access to the young consumer group are propelling the demand for the segment in the forecast period.

Cakes and pastries dominated the market and accounted for more than 65% share of the overall revenue. Increased usage of the product in countries such as U.S and other European countries and high intolerance of lactose are driving the market for the product. Ice cream is the fastest growing segment and is expanding at a CAGR of 8.0% in the forecast period. Presence of a large number of flavors and pocket-friendly small packs are the prominent factors for the segment growth. In countries such as Brazil, consumption of ice cream is higher in comparison to cake.

North America is the dominant regional market and the region accounted for 28.0% share of the overall revenue. High lactose intolerance among consumers in countries such as Canada and U.S is the prominent factor driving the regional market. Asia Pacific is the fastest growing region and is expanding at a CAGR of 8.3% in the forecast period. Increasing awareness about health problems due to lactose in developing countries such as India and China and large consumer base of more than 34.0% of the global population are the prominent factors for the regional market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/soy-dessert-market

Further key findings from the study suggest:

  • By product, ice cream is projected to expand at a CAGR of 8.0% over the forecast years
  • Hypermarket is the most preferred distribution channel and it accounted for more than 65.0% share of the overall revenue in 2018
  • Asia Pacific is the fastest growing regional soy dessert market with a CAGR of 8.3% due to its large variety of products, advertisement, and discounts

Pet Food Market Size Worth $113.08 Billion By 2025

The global pet food market size is expected to reach USD 113.08 billion by 2025, as per a new report by Grand View Research Inc. Packaged pet food provides standard nutritional value required in pet’s daily life. This is projected to drive market growth over the forecast period.

The demand for pet medicines, food, and accessories has been increasing with an increase in the adoption of cats and dogs. According to the American Pet Product Association, a cat or dog owner, on an average, spends between USD 200 and USD 300 dollar on pet food annually.

In 2018, Europe emerged as the largest market for pet food. The growth in this region can be accredited to strong presence of major industry participants along with high number of pet population. Increasing demand for premium pet foods is projected to drive the industry growth in the region.

Introduction to the new processing technologies along with the automated systems for the production of ingredients is anticipated to drive the growth of the market in the forthcoming years. Additionally, there is an upsurge in the adoption of drying technologies to preserve temperature sensitive ingredients.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/pet-food-industry

Further key findings from the report suggest:

  • Rabies is another most severe disease that humans get from dogs and cats, which affects a lot of people and eventually reduces the trend afterward supported by improved medical treatments for human health diseases and preventive health disease medicines for pets
  • High cost of the product, particularly meat-based protein canned food, may restrict its preference among consumers, thereby restraining the segment growth over the forecast period
  • Manufacturers are constantly focusing on entering the premium food products segment and thereby improving their overall profit margin, which is leading the pet food market to foresee immense growth in the coming years
  • Many people suffer from different pet-related allergies and, therefore, do not prefer to keep pets and this factor is expected to hamper the growth of the pet food industry in the estimated time frame
  • According to the American Pet Product Association, a cat or dog owner, on an average, spends between USD 200 and USD 300 dollar on pet food annually, owing to massive attachment toward the pets

Isosorbide Market Size Worth $703.1 Million By 2025

The global isosorbide market size is expected to reach USD 703.1 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 8.5% during the forecast period. Rising health and environmental concerns regarding use of synthetic products, such as petroleum derived products, is estimated to fuel demand over the coming years.

Rising capacity of bio-based plastics in Asia Pacific, strong regulatory support for bio-based products, and stable demand from additives industry are the factors estimated to boost product demand in future. However, isosorbide made from starch is an eco-friendly option to synthetic polymers and this is a key trend estimated to continue influencing demand over the next few years.

Traditionally, Asia Pacific emerged as a dominant regional market owing to low raw material and labor cost. In addition, growing focus of the chemical industry on bio-based products is estimated to fuel market growth over the forecast period. Moreover, isosorbide has been identified as an emerging bio-based platform chemical by the U.S. Department of Energy.

Major chemical companies such as Mitsubishi Chemicals and SK Chemicals have been focusing on production of polymers based on isosorbide. Further, market players are concentrating on expansion of business across the globe to gain high market share in the global industry. Extensive R&D in the field and requirement to develop product differentiation leads to high levels of competition in the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/isosorbide-industry

Further key Findings from the Study Suggest:

  • The PEIT segment dominated overall market in 2018 and is estimated to expand at a CAGR of 9.7% in the projected period owing to enhanced heat resilience
  • Polyurethane and PIS are the fastest growing applications and are projected to exhibit a CAGR of 7.9% and 8.8% respectively owing to properties like low polydispersity, high thermal stability, and glass transition temperature
  • Resins and polymers remained the leading end-use industry owing to increasing interest of polymer industries in bio-based products and the presence of key manufacturers
  • Additives are estimated to expand at the fastest pace with a revenue-based CAGR of 9.2% over the forecast period owing to strict policy regarding toxic nature of BPA and rising concern regarding toxic impacts of synthetic chemicals along with commercialization of bio-based isosorbide
  • France-based Roquette has been investing heavily in developing and commercializing isosorbide on a large scale and also tied up with Mitsubishi Chemicals to manufacture polycarbonate using isosorbide.

Bromelain Market Size Worth $59.2 Million By 2025

The global bromelain market is expected to reach USD 59.2 million by 2025, growing at a CAGR of 8.7%, according to a new report by Grand View Research, Inc. Rising expenditure in R&D to use bromelain to cure diseases such as cancer & acquired immune deficiency syndrome (HIV AIDS) is expected to have a positive impact on the market during forecast period.

This digestive enzyme is extracted from pineapple fruit & stem and is used in numerous industries including healthcare, meat & seafood, dietary supplements, cosmetics, bakery and beverage. Globally, meat & seafood industry is found to be the largest end user industry for this market where its main application is to improve tenderness of meat & seafood.

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https://www.grandviewresearch.com/industry-analysis/bromelain-market

Further key findings from the report suggest:

  • Meat & seafood was the largest application segment, accounting for 56.8% of the global market volume in 2016. Rising importance of functional ingredients in meat & seafood industry for enhancing the properties of finished food products as a result of technological innovation is expected to promote the use of bromelain.
  • Healthcare industry accounted for 25.5% of global market share in 2016 and is expected to grow at a CAGR of 9.2 %, by volume in between 2017-2022. As per World bank, global healthcare industry is expected to witness a global GDP expenditure of around 10.5% by 2020. Around USD 8.7 trillion is expected to be spent in this industry every year till 2020. Emerging technologies in developed nations and emergence of demand for the product in the developing nations are the two factors which are expected to drive the market during the forecast period.
  • North America accounted for 26.8% of the overall volume market share in 2016 and is expected to maintain its position over the next eight years. Growth in meat & seafood sector coupled with surge in R&D in healthcare sector are the two major factors helping North America to maintain its position.
  • Key industry participants include Enzybel International SA, Great Food (Biochem) Co., Ltd, Hong Mao Biochemicals Co., Ltd., Biozym Gesellschaft für Enzymtechnologie mbH, Enzyme Technology (PTY) Ltd, Guangxi Nanning Javely Biological Products Co., Ltd, and Nanning Doing-Higher Bio-Tech Co., Ltd.
  • Advantages such as easy procurement of raw material, low production cost and non-toxicity are major reasons leading to increase its demand over other proteolytic enzymes like actinidin from kiwifruit and ficin from figs.

Tight Gas Market Demand To Reach 15,452.3 BCF By 2027

The global tight gas market demand is expected to reach 15,452.3 billion cubic feet (BCF) by 2027, ascending at a CAGR of 5.02% from 2020 to 2027, according to a new report by Grand View Research, Inc. The rise in government policies for clean fuel production, along with the deployment of advanced drilling technologies across several countries, is likely to drive the market over the forecast period.

Tight gas, a form of natural gas, is regarded as a reliable energy source for power generation and occupies the second-largest share of energy supply in the global electricity generation after coal. The share of tight gas is bound to increase over the coming years in response to the environmental and economic limits of coal generation, at least in countries where natural gas is a viable alternative. This heavy end-use application is expected to positively influence the tight gas industry landscape.

The tight gas supply chain includes production and processing, gas transmission and storage, and distribution to large volume customers, residential customers, and commercial customers. The convergence of multi-stage hydraulic fracturing and horizontal drilling has enabled the industry participants to produce natural gas from tight formations in an economic manner. The development of these advanced techniques is expected to strengthen the upstream segment of the supply chain.

Stable regulatory and fiscal policies, adoption of advanced technologies, decreasing drilling and well completion costs, along with growing investments from international market players, are among the key factors for sustaining the competitiveness of the tight gas industry. Moreover, the profitable production of tight gas depends on the accessible demand markets for it, such as electricity generation, industrial thermal sector, building thermal sector, and others.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/tight-gas-industry

Further key findings from the report suggest:

  • The industrial application segment accounted for the largest market share in 2019 owing to utilization of tight gas in various applications in industries such as for production of fertilizers, chemical plants, iron and steel plants, and in various other industries
  • The power generation application segment is expected to expand at the fastest growth rate in the forecast period owing to rise in environmental concerns regarding coal-based power generation plants, coupled with major countries around the world switching towards natural gas-based power generation plants
  • North America occupied a dominant market position in 2019, with the U.S. being touted as the major contributor across the region. Development of advanced drilling technology, along with the presence of abundant tight gas reserves, is anticipated to propel the market growth over the forecast period in the region
  • The rest of the world is expected to witness the fastest growth over the forecast period. Countries such as China and Argentina are expected to dominate the region over the forecast period owing to the presence of favorable policies and financial support from the government for tight gas development
  • The transportation application segment is estimated to expand at a significant CAGR over the forecast period owing to rise in environmental concerns regarding the usage of diesel and gasoline fuel, coupled with a rise in the adoption of compressed natural gas (CNG) fueled vehicles in major countries around the world.

Hard Seltzer Market Size Worth $14.5 Billion By 2027

The global hard seltzer market size is expected to reach USD 14.5 billion by 2027, expanding at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. The market is expected to experience substantial growth during the forecast period owing to the growing popularity of low content alcoholic beverages among the millennials in the developed economies including the U.S., Canada, and Australia. Furthermore, strong marketing campaigns by alcoholic drinks companies on such products is expected to have a positive impact on the industry.

Products launched have played a crucial role in the growing penetration of hard seltzer. In June 2020, Tesco announced to launch dedicated hard seltzer. It will be distributed by Mark Anthony Brands. The launch makes a significant milestone for the category in the U.K. that has been turning into a hotspot for hard seltzer manufacturers. In November 2019, AB InBev’s launched Mike’s Hard Sparkling Water in the U.K. The increasing demand for the product in the country is attributed to the increasing demand for healthier products with low calorie and sugar and clean labels which are still luxurious.

Similarly, in June 2020, Smirnoff Seltzer also entered the U.K. through various off-trade channels. The product is available in two flavors in the country including Smirnoff Seltzer Orange and Grapefruit, and Smirnoff Seltzer Raspberry and Rhubarb. The product is available in 250ml cans with ABV content of 4.7% and is priced at GBP 1.8 per can.

Australia has been evolving as another major center for the industry. Along with White Claw, Carlton and United Breweries launched Actual Vodka Seltzer in the country in May 2020, in two flavors including pure and lime. The drink contains 4.2% ABV and 100.0% natural ingredients.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hard-seltzer-market

Further key findings from the study suggest:

  • Hard seltzer with 1.0% to 4.9% ABV content is expected to register the fastest growth during the forecast years with a CAGR of 16.6% from 2020 to 2027. Low ABV content of such products is expected to attract health-conscious consumers over the next few years
  • On-trade is expected to register the fastest growth during forecast years with a CAGR of 16.5% from 2020 to 2027. An increasing number of consumers drinking hard seltzers in bars and restaurants is creating the rising opportunity
  • Asia Pacific is expected to register the fastest growth during forecast years with a CAGR of 17.0% from 2020 to 2027. A large number of manufacturers focusing on the Australian market is playing a crucial role in the growth of the market
  • North America dominated the market by contributing over 70.0% in the global revenue in 2019. The wide penetration of the product in the U.S., Canada, and Brazil is acting as a catalyst in creating dominance.

Pet Sitting Market Size Worth $5.0 Billion By 2027

The global pet sitting market size is anticipated to reach USD 5.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.7% from 2020 to 2027. A growing number of pet adoption across countries is helping boost the prominence of relative pet care services, such as pet sitting business. In addition, increasing spending of pet owners on various pet services owing to the high indulgence of millennial pet owners and high spending power has fueled the demand for pet sitting services.

Over the years, the pet market worldwide has been growing at a significant rate as many countries have witnessed a high rate of pet adoption and animal care spending. People are spending more on the welfare of pets as they view them as their family members and are willing to invest their money to maintain the health of the pets. This has led to an increase in the health expenditure for pet care. According to the American Pet Products Association (APPA), in the U.S., pet owners spent USD 16 million in 2016. A survey from the Consumer Expenditure (CE) estimates that from 1996 to 2012, the spending on pets has been increased by 60%.

Increased penetration of millennials in the pet parent category has fueled the demand for advanced pet care services at convenient and reliable factors. According to the American Pet Products Association, millennials represent the largest segment of pet owners for all pet types, particularly birds, small exotic animals, and saltwater fish. In addition, in June 2019, over 80% of pet owners among millennials and Generation Z own dogs, while 50% or less own cats. Moreover, the overall spending in the U.S. pet industry increased by 4.4% in 2018 from 2017. Thus, rising spending on pets and their welfare has expanded the scope of innovative and time-saving pet services for pet owners, such as pet sitting.

In terms of application, daycare visits held a dominant position in the market in 2019. Increasing the working population among both men and women across regions provides a substantial boost to market growth. For instance, according to American Pet Products Association’s National Pet Owners Survey 2019-2020, there were 42.7 million households owning a pet cat and 63.4 million households owning pet dog in the U.S. Thus, owing to the busy schedule and speedy life of individuals, daycare visits for pets and animals are gaining huge traction.

Dogs emerged as the largest pet type segment with a revenue-based share of 37.9% in 2019. There are over 470 million dogs kept as pets across the globe, thus dogs emerged as the leading type of pet in 2018. For instance, according to the Insurance Information Institute, Inc., there were 63.4 million households in the U.S. owning pet dogs in 2019.

North America dominated the market with a revenue-based share of 43.1% in 2019. Increasing the prevalence of tech-savvy millennial pet owners is resulting in technological innovation in the pet sitting business. According to Packaged Facts, millennials accounted for 35% of all U.S. pet owners in 2018.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/pet-sitting-market

Further key findings from the report suggest:

  • The pet transportation application segment is expected to expand at the fastest CAGR of 9.1% from 2020 to 2027
  • By pet type, the dog category held the largest share of 37.9%
  • Asia Pacific is expected to expand at the fastest CAGR of 9.2% from 2020 to 2027.

Sports Protective Equipment Market Size Worth $12.1 Billion By 2025

The global sports protective equipment market size is expected to reach USD 12.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.4% over the forecast period. The market is expected to witness significant growth owing to growing popularity of sports activities in schools and colleges.

Increasing popularity of outdoor games such as soccer and American football is expected to increase the demand for sports protective gears over the forecast period. Moreover, increasing number of sports leagues and outlets is expected to provide growth opportunities for the market in the coming years. In addition, sports clubs are raising awareness among people by conducting events at various places across the world, which will have a positive impact on the sports protective equipment market growth.

For instance, since 2007, the National Football League (NFL), one of the most popular sporting leagues in U.S., has organized several events in London to increase awareness regarding American football. In 2017, NFL organized four game events in London and around 84,500 fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens at Wembley Stadium.

In 2018, the head and headgear product segment dominated the market and is expected to maintain its lead over the forecast period. The growth is attributed to increasing awareness regarding head injuries. For instance, Phillip Joel Hughes was an Australian Test and One Day International (ODI) cricketer who played domestic cricket for South Australia and Worcestershire, died during the match due to head injury, which has created awareness among the young enthusiastic players. Leg protection gears are expected to register the highest CAGR of 5.6% from 2019 to 2025. The segment growth is attributed to increase in the number of participants in individual sports, such as mixed martial arts, cycling, boxing, and skating.

North America was the largest regional market in 2018. U.S. was the major revenue contributor in North America. Increasing popularity of football, field hockey, and ice hockey is anticipated to drive the regional market over the forecast period. Asia Pacific is expected to expand at the fastest CAGR of 6.7% over the forecast period. Increasing number of sports equipment outlets in India and China and rising wealth and health awareness in the region is expected to have a positive impact on the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/sports-protective-equipment-market

Further key findings from the study suggest:

  • By product, leg protection gear is projected to expand at the fastest CAGR of 5.6% over the forecast period. Head and headgear was valued at USD 2.8 billion in 2018 and is projected to witness significant growth in the next few years
  • The offline distribution channel segment dominated the global market in 2018 with 92.0% share of the overall revenue
  • North America dominated the global market in 2018 and accounted for 40.0% share in terms of revenue. This trend is projected to continue over the next few years
  • Growing popularity of field sports at the national and international levels is expected to drive the market over the forecast period
  • The industry is highly competitive due to presence of main players including Nike, Inc.; Adidas Group; MIZUNO Corporation; Shock Doctor, Inc.; BRG Sports; Amer Sports; Xenith, LLC; WARRIOR SPORTS; FRANKLIN SPORTS INC.; and Alpinestars S.p.A.
  • Various manufacturers are concentrating on new product launches and product innovation in order to expand their consumer base.

Deodorizer Bags Market Worth $857.7 Million By 2025

The global deodorizer bags market size is expected to reach USD 857.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the forecast period. The market is driven by increasing consumer awareness about health concerns, especially due to air borne diseases. Moreover, significant change in the consumer preference for different types of fragrances is expected to augment the demand for deodorizer bags.

The market is driven by increasing demand for the premium and quality products due to the natural ingredients present in them. Moreover, growing working class population and rising disposable income are likely to drive the demand for the products over the forecast period.

Enhanced freshness and capability of deodorizer bags to remove unpleasant odor are driving the product demand. Moreover, increasing number of product launches by the manufacturers is boosting the market growth. However, high cost of these products as compared to the other deodorizing agents has been a factor restraining the growth of the market.

The market in North America is anticipated to grow due to the rise in the sales of natural products, along with increasing product launches. The growth in the region is also attributed to growing health awareness among consumers and rise in the economic factors, such as disposable income and purchasing power for the consumers. Moreover, increasing sales in the automotive and footwear sector are anticipated to drive the product demand in Asia Pacific over the forecast period.

Growing interest in the natural and quality products among the working population due to their various health benefits will fuel the product demand in the market. Companies are expanding their geographical reach and developing novel products in order to gain a major share in the market. The market is recognized by a few initiatives such as mergers and acquisitions, limited extension, and online sales and developments, endeavored by the key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/deodorizer-bags-market

Further key findings from the study suggest:

  • Based on application, the cars segment is projected to expand at a CAGR of 9.8% over the forecast period. The residential segment dominated the market with an overall share of 72.3% in 2018
  • North America dominated the market in 2018 and accounted for 49.3% share of the overall revenue. This trend is projected to continue over the next few years owing to growing automotive industry, which is attributed to rise in mobility, mainly in developed countries
  • The deodorizer bags market in Asia Pacific is anticipated to witness growth due to increasing disposable income in countries, such as India, South Korea, China, and Japan
  • The industry is highly competitive due to presence of key players including Moso Natural; Home Pro Goods Inc.; California Home Goods Inc.; Etsy Inc.; and BreatheFresh Solutions
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovations to estimate existing and future demand patterns from upcoming product segments.