U.S. Fast Food & Quick Services Restaurants Market Worth $263.8 Billion By 2025

The U.S. fast food and quick services restaurants market is expected to reach USD 263.8 Billion by 2025, according to a new report by Grand View Research, Inc. Major US fast-food chains are expanding their delivery networks and improving online ordering systems to capture more business from consumers who increasingly value convenience and technology. 

McDonald’s is rapidly rolling out delivery service at stores across the country after finding in limited trials that average delivery orders at some locations generated up to twice as much in sales as in-store orders, stated the Nation’s Restaurant News reports. McDonald’s also observed that about 60% of delivery orders were made during the evening and late night, periods that are typically slower than lunchtime service.

Delivery volumes are highest in areas near college campuses, lower-income neighborhoods, and downtown districts where people primarily travel by public transit. Pizza restaurants and other outlets with well-established delivery networks will likely face more competition from the larger chains that are starting to enter the space.

Domino’s Pizza has gotten ahead of the trend in recent years by investing heavily in improvements to technologies such as its popular mobile app, which allows users to order pizza in seconds and track deliveries in real-time. The company says that these tech upgrades have played a significant role in driving 32% same-store sales growth over the last three years.

Fried-chicken sandwiches are becoming hot commodities on fast-food menus as consumers continue to seek out alternatives to burgers and another standard quick-service fare. Adoption of strategies such as new product developments, franchising, value meal offerings, enhanced delivery options, and enter into partnerships with apparel brands for merchandise and other brandings strategies by the major market players are expected to drive the market for fast food and quick-service restaurants in the U.S.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-fast-food-quick-services-restaurants-market

Further Key Findings From the Report Suggest:

  • Hamburgers emerged as the largest segment because of increasing consumer demand and comparative preference over other fast food items
  • Hamburgers segment is anticipated to remain dominant throughout the forecast period owing to strong demand for these products from population belonging to different age groups including children, youth, adults, and old age population
  • The sandwich segment is expected to show faster growth in the near future mainly due to
  • Some of the key players in the market are Kentucky Fried Chicken Corporation, Domino’s Pizza, Inc., Pizza Hut, Inc., Taco Bell, and McDonald’s Corporation, which are expected to hold a significant share over the forecast period.
  • Key players adopt strategies such as new product developments, franchising, value meal offerings, enhanced delivery options and enter into partnerships with apparel brands for merchandise and other brandings strategies to strengthen their position

U.S. Candy Market Size Worth $19.6 Billion By 2025

The U.S. candy market is expected to reach a value of USD 19.6 billion by 2025, according to a new report by Grand View Research, Inc. Growing consumer expenditure and disposable income and increasing urbanization are driving the growth of the candy market in the U.S. Candies and chocolates are generating a huge amount of sales in the U.S. targeting the sweet tooth among the people. Huge revenue generation of candies is primarily due to their consumption during holidays like Halloween and Easter accounting for around USD 3.5 billion sales.

Currently, around 82% of the population in North America are living in urban areas with a high concentration in mid and large-sized cities. Rising urbanization has led to a growing awareness of new products and their easy availability. This is due to the fact that giant players have a significant hold of the candy market in urban areas.

Children with an inclination towards a sweet tooth is a major factor driving the demand of the products. Hence, this group of population is a huge contributor towards revenue generation of the market. Moreover, key players are creating appealing advertisements targeting the children and young population, thus, attracting them towards impulse purchase. Teenagers are also a significant target population for candies, especially chocolate candies due to the high preference for the chocolate flavor.

An increase in product innovation and new product development has led to the high growth of the market. Sugar-free candies manufactured by the key players is further expected to boost the market demand for the diabetic population. Companies are also engaged in new product launch, which is further boosting the demand for candies. For instance, in March 2017, Hershey’s Reese’s brand launched Reese’s Crunchy Cookie Cup. In May 2016, DeMet’s Candy Company launched a new product, TURTLES Double Chocolate.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-candy-market

Further Key Findings From the Study Suggest:

  • Chocolate candies dominated the market in 2016 and is also expected to show high CAGR over the forecast period due to the numerous health benefits associated with these products
  • Non-chocolate candies held significant market share in 2016 owing to a wide variety of flavors as well as sugar-free candies available in the market
  • Gummies contributed significantly in the U.S. candy market due to its huge customer preference and availability of different shaped gummies
  • Based on the end-use segment, super/hypermarkets dominated the market in 2016 due to its huge storage capacity and organized aisle format leading to a convenient shopping
  • Online stores segment is projected to witness lucrative CAGR over the forecast period due to the lucrative offers and discounts available
  • Few key companies are Ferrara Candy Co.; The Hershey Company; Mondeléz International Inc.; Nestlé SA; and DeMet’s Candy Co.

Fruit and Vegetable Juice Market Size Worth $257.17 Billion by 2025

The global fruit and vegetable juices market is expected to reach USD 257.17 billion by 2025, according to a new report by Grand View Research, Inc. Some of the key factors driving the growth of the market are increasing consumption of fruit juices, introduction of fruit and vegetable blends, cold pressed juices, and rising disposable income in emerging countries.

Consumption of soft drinks such as non-alcoholic beverages, cola, flavored sodas, and other sugar sweetened beverages is seen to be reducing globally. These drinks have no nutritional value in a sharp contrast to fruit and vegetable juices available in the market. High sugar, fructose corn syrup, phosphoric acid, artificial sweeteners, and caffeine content are some of the main ingredients in such drinks that culminate to a wide range of diseases.

According to a research paper published by the Harvard University’s School of Public Health, individuals who consumed sugary drinks regularly are at a greater risk of developing diseases such as type 2 diabetes, obesity, and cardiac related disorders. The consumption of these drinks is also associated with loss of teeth in younger children due to dental caries and in some instances periodontal diseases. Thus, with rising cognizance among consumers, the sale of fruit and vegetable juices are seen to be increasing globally.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fruit-vegetable-juice-market

Further Key Findings From the Study Suggest:

  • Fruit juices contributed to the largest market share owing to high demand across the globe owing to availability of wide variations in the product scope
  • Fruit and vegetable blends are anticipated to gain the highest CAGR during the forecast period due to change in consumer tastes and cognizance
  • The North American region held the largest revenue share due to local presence of major market players and increasing R&D in order to cater to global markets
  • The Asia Pacific region is expected to account for the highest CAGR during the forecast period owing to rising investments by dominant players in the region and developments in emerging countries such as India and China

Ice Cream Market Size Worth $78.8 Billion By 2025

The global ice cream market is anticipated to reach USD 78.8 billion by 2025, growing at a CAGR 4.1%, according to a new report by Grand View Research, Inc. The growing demand for premium products especially in developed regions such as North America and Europe is expected to drive the ice creams sales in these regions. The major growth is expected to come from developing regions such as Asia Pacific, Latin America, and MEA. Countries such as India and China have a large consumer base which is expected to drive the sales in terms of both volume and value. However, a growing number of health-conscious consumers is expected to limit market growth over the forecast period.

The demand for lactose-free is also expected to contribute to market growth during the forecast period. The increase in demand for lactose-free ice creams is driven by an increase in cases of food intolerances and allergies. Thus, the consumers having lactose intolerance pick lactose-free ice creams. Also, these products are opted by consumers who are health conscious and prefer healthy foods.

Companies are introducing many new and innovative flavors in the ice cream segment to increase their revenue. For instance, in 2017, Ben & Jerry’s introduced three new flavors in summer to increase their sale. The introduction of new flavors and formats is also expected to contribute significantly to the growing sales across the globe.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ice-cream-market

Further Key Findings From the Study Suggest:

  • The impulse segment has outgrown the take-home segment in 2016 and is expected to dominate the market during the forecast period. The ice cream is likely to remain an impulse purchase as manufacturers in the developing regions have failed to lure consumers with their bulk products. Manufacturers are expected to extend their impulse product portfolio during the forecast period.
  • The ice cream market is dominated by various countries which include China, the U.S., Japan, Brazil, Italy, and Germany. Asia Pacific held the largest market share in 2016 and is expected to dominate the market over the forecast period. Growth is shifting towards emerging countries such as China, India, Brazil, Indonesia, Vietnam, and South Africa, and developed regions such as North America and Europe are expected to show slow growth during the forecast period.
  • Some of the key players in the ice cream market are Unilever Group, Nestle S.A., General Mills, Inc., Mars, Blue Bell Creameries. There are numerous small and mid-size players which also contribute significantly to retail sales.

Green Hydrogen Market Worth $2.28 Billion By 2027

The global green hydrogen market size is expected to reach USD 2.28 billion by 2027 registering a CAGR of 14.24% over the forecast period, according to a new report by Grand View Research, Inc. Growing government investments and subsidies benefitting clean fuel usage along with hydrogen economy being touted as an eco-friendly alternative to fossil fuel economy are likely to strengthen the market growth over the forecast period.

The market is driven by the proliferating deployment of renewable energy sources in various end-use industries. Green hydrogen is produced through electrolysis of water, with renewable power generation sources, such as wind, solar, and other renewable energy sources. Furthermore, the growing scale of renewable energy is estimated to result in a lowered cost of clean power generation, thereby positively influencing the market growth over the forecast years.

Major players in the industry are focusing on innovation and technological advancements to reduce the costs of electrolyzer units, boosting the commercialization of green hydrogen production. In addition, market participants are emphasizing on practicing several strategic initiatives, such as joint ventures, partnerships, and mergers & acquisitions, to strengthen their foothold in the market over the coming years.

The countries realizing their untapped potential in the hydrogen market are expected to enhance the industry landscape over the coming years. In October 2019, Siemens announced a technical partnership on a 5 GW wind and solar combined energy project in Australia. The company is expected to provide its electrolyzer technology to generate green hydrogen through renewable-powered electrolysis. The clean hydrogen produced is intended to be exported to Asian markets.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/green-hydrogen-market

Further key Findings from the Study Suggest:

  • Alkaline electrolyzer technology segment led the market in 2019 owing to low capital cost and higher operating period capability of this technology
  • However, the PEM electrolyzer technology is expected to be the fastest-growing as well as the largest segment in the forecast period owing to its lower membrane thickness, high proton conductivity, and lower gas permeability
  • Europe was the largest regional market in 2019 owing to the presence of a high number of green hydrogen production plants across the region
  • North America is estimated to register a significant CAGR over the forecast period owing to implementation of clean energy targets along with growing end-market applications, such as green hydrogen being used as a fuel in fuel-cell driven vehicles
  • Asia Pacific is expected to record the fastest CAGR in the forecast period owing to supportive policies and large-scale green hydrogen projects announced in countries, such as Australia and Japan

Citrus Extract Market Size Worth $7.8 Billion By 2027

The global citrus extract market size is expected to reach USD 7.8 billion by the end of 2027, as per a new report by Grand View Research Inc., expanding at a CAGR of 4.2% from 2020 to 2027. The market is expected to be majorly driven by growing demand for healthy and nutritional beverages across the geographies.

Paradigm shift towards healthy lifestyle supported by growing awareness regarding health and nutrition is expected to create significant growth opportunities for the market globally. Citrus fruits including lemon, lime, orange, and grapefruit are popular for their high vitamin C content and several health benefits, such as weight management, immunity boost, and personal care. These factors have significantly boosted the product consumption in the form of extracts mixed in the food and beverage industry for carbonated soft drinks, fruit beverages, functional beverages, sports beverages among other applications.

The market is expected to witness an increase in demand from North America and Europe, where countries such as U.S., U.K. and Germany are among the early adopters of healthy and balanced nutrition lifestyles. Furthermore, growing consumer inclination towards natural and bio-based flavoring agents owing to rise in concerns regarding the negative impacts of synthetic ingredients over human health has accelerated the market growth over the past few years. Asia Pacific countries such as India and China are expected to witness lucrative growth in future supported by the ease of raw material availability and traditional consumption of the citrus products.

New product launches with innovative flavors is one of the factors driving intense competition and diversification among the end users. This has amplified the product demand among beverage producers. Regulatory norm compliance on national and international levels for sustainable production and distribution has increased the acquisition of certifications, such as GMP and USDA, among the manufacturers involved in domestic as well as offshore businesses. Positioning in high-growth regions, investments, cultivation expansion, operating fully optimized supply chains, and sustainable and organic production are some of the prominent operating strategies amongst market participants.

Natural calamities and climatic fluctuations that negatively impact plant cultivation are expected to pose as a significant threat to the market. This threat is expected to be widened by the trade halts, supply chain disruptions, and industrial shutdowns caused by the impact of COVID-19 in some of the major economies, such as U.S., U.K., France, India, and China, which is further likely to project industry challenge in 2020.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/citrus-extract-market

Further key findings from the study suggest:

  • Orange was the largest product segment with a revenue share of 53.5% in 2019 owing to its wide applications for nutritional, flavor, and aromatic applications
  • Fruit beverages emerged as the prominent application segment in 2019 owing to its mounting demand from consumers inclined towards fresh juices
  • The lemon extract is likely to expand at the fastest CAGR of 5.4% from 2020 to 2027 owing to its exotic flavor and aroma-based applications
  • In 2019, North America emerged as the largest regional market in terms of revenue, holding a market share of 33.1%
  • End-user product diversification and product launches are expected to expand the product demand over the forecast period.

Dolomite Mining Market Size Worth $2.33 Billion By 2027

The global dolomite mining market size is projected to reach USD 2.33 billion by 2027, expanding at a CAGR of 3.8% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising government and private spending in development of transport infrastructure in emerging economies of Asia Pacific is the major factor driving the industry.

Dolomitic rock, also known as dolostone, is sized and crushed before its use as a base material construction of road. It is also used in cement manufacturing. Furthermore, it is used in the steel industry as a fluxing material or as a refractory raw material. Besides the aforementioned applications, the product is used in many other applications, including ceramics and glass, paper, and animal feed.

Technological advancements in mining, coupled with increasing logistical efficiency, have played a key role in facilitating increasing profit margins for miners. This is expected to positively impact the market growth over the coming years. The COVID-19 pandemic is predicted to negatively affect the industry growth in short term owing to restricted demand caused by halt in construction activities.

North America dominated the market in 2019. Asia Pacific is estimated to expand at the fastest CAGR from 2020 to 2027. U.S. leads the globe in terms of dolomite production. Furthermore, in U.S., dolomite is among the most preferred construction aggregate materials. In Asia Pacific, China and India are likely to be the most lucrative destinations for industry growth owing to improving transport infrastructure.

Furthermore, high processing time required for obtaining mining license is expected to be a key challenge for industry players over the foreseeable future. Environmental concerns associated with the mining activities and necessity to comply with government regulations incur additional costs to the industry players. These are the key factors that restrict the entry of new players in the industry.

The global dolomite mining industry is composed of few international players as well as a large number of local players catering the regional pockets. For instance, according to the United States Geological Survey, U.S. alone produces dolomite with more than 1,000 companies from approximately more than 3,740 operations with roughly 3,700 quarries and 370 sales and distribution sites.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/dolomite-mining-market

Further key findings from the study suggest:

  • By application, the construction segment dominated the market with a revenue share of 87.7% in 2019 owing to increasing usage of the product as a construction aggregate
  • The steel application segment is estimated to expand at a CAGR of 4.3%, in terms of revenue, from 2020 to 2027 owing to rising steel production in Asia Pacific
  • Asia Pacific is projected to be the fastest growing regional market with a CAGR of 4.9%, in terms of revenue, from 2020 to 2027 due to developing transport infrastructure in the region
  • North America dominated the market with a revenue share of 42.2% in 2019. U.S. accounted for the largest share in the region owing to its already established mining base and availability of reserves
  • Almost 99% of the dolomite mined in U.S. is consumed domestically mainly for construction application.

Furfuryl Alcohol Market Size Worth $772.6 Million By 2027

The global furfuryl alcohol market size is anticipated to reach USD 772.6 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% from 2020 to 2027. The growth in the market can be attributed to mounting demand for furfuryl alcohol from furan foundry binders. The principal use of the product is as a monomer in resins synthesis for bonding foundry sands in the conventional FURAN-NO-BAKE method and production of molds and cores, such as Warm-box, Hot-box, and gas hardened processes.

The product is extensively used in the production of furan resins and foundry sand binders owing to its unique properties. The flexibility of the product is huge as a binder base. It is also used in adhesive formulations either by itself or in combination with urea, acetone or phenol to produce solid resins. These types of resins are used for manufacturing aircraft components, fiberglass, and in the automotive industry. Growing demand for furfuryl alcohol resins from the construction and automotive sectors is expected to drive the market in the near future.

Growth in end-use industries across key countries in Asia Pacific is estimated to fuel the demand for furfuryl alcohol over the forecast period. However, the outbreak of coronavirus disease in Wuhan, China, in December 2019 has negatively influenced the Chinese markets as well as the economy. Shutdown of factories, trade bans, and domestic lockdowns are estimated to hamper the market growth in the country over a short period. The further spread of pandemic to India, Japan, South Korea, and Pakistan has blocked the raw material supply. China, the most affected Asian economy and the leading manufacturer, has observed a complete lockdown of manufacturing units in the country, which is estimated to result in the supply-demand gap in the short run.

Manufacturers involved in the market are integrated across the value chain. Companies such as TransFurans Chemicals bvba, ILLOVO SUGAR AFRICA (PTY) LTD, Pennakem, LLC, Hongye Holdings Group Corp., Ltd., and Hebeichem are among the key players as they have higher furfuryl alcohol output as compared to other players in the market. The leaders are well-equipped with large manufacturing facilities and are engaged in several research and development activities. These players are also leaders in the global market in terms of revenue, employee count, global footprint, and clientele base. ILLOVO SUGAR AFRICA (PTY) LTD. is integrated across the value chain. The company uses own sugarcane bagasse for furfural production and also manufactures furfuryl alcohol by using the furfural produced in their plant.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/furfuryl-alcohol-market

Further key findings from the report suggest:

  • In 2019, resins emerged as the largest application segment owing to growing utilization of furfuryl alcohol in the production of furan resins and foundry sand binders for the foundry sector
  • In 2019, foundry emerged as the largest end-use segment due to wide utilization of furfuryl alcohol in the production of molds and cores for metal casting
  • In 2019, Asia Pacific emerged as the largest regional segment owing to mounting demand for furfuryl alcohol from several end-use industries, especially in India and China.

Frozen Bakery Market Size Worth $10.50 Billion by 2025

The global frozen bakery market size is expected to reach USD 10.50 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.8% during the forecast period. Increasing demand for processed food owing to the fast-paced lifestyle is the major driving factor for the growth. Availability of foods with longer perishability and easy storage is also expected to drive the product demand in near future.

Expansion of distribution channels such as supermarkets and hypermarkets, convenience stores, and online grocery and bakery chains are some of the other driving factors for the market. For instance, in Mexico, these distribution channels contributed to more than 60% retail sales for bakery products in 2017. Convenience stores and supermarkets and hypermarket retailers are the commonly preferred sales medium in Mexico. This scenario is also expected to boost the market growth over the next few years.

Among various product types, frozen bread accounted for the largest market share of about 29.11% in 2018 and is expected to expand at a CAGR of 4.5% during the forecast period. Despite the dip in the sales of bread, frozen bread market in the U.S. witnessed a significant demand over the past few years. Increasing international population seeking healthy bakery products is expected to support the market growth.

Europe held the largest market share of about 34.5% in 2018. The major countries contributing to the growth include Germany, U.K., and France. Germany held the largest share of the frozen bakery market in 2018 and is expected to continue its dominance in Europe during the forecast period. Increasing trade activities of frozen pizza products is expected to contribute to the growth. North America was estimated to hold the second largest revenue share, primarily driven by the significant demand for processed food products as a result of busy lifestyles.

Some of the key players operating in the global market include, Kellogg Company; Cargill Corporation; Conagra Brands Inc.; Custom Foods, Inc.; Vandemoortele N.V.; Bridgford Foods Corporation; Associated British Foods plc; General Mills, Inc.; Europastry; Cole’s Quality Foods Inc.; and Flowers Foods; among others. 

Click the link below:
https://www.grandviewresearch.com/industry-analysis/frozen-bakery-market

Further key findings from the study suggest:

  • Frozen bread was estimated to account for the highest revenue share of about 32.5% in 2018
  • Frozen cakes and pastries and pizza are expected to witness significant CAGR of 5.1% and 6.0% respectively, during the forecast period
  • Supermarkets and hypermarkets accounted for a revenue share of more than 55% in 2018, thereby having a value worth USD 4.39 billion in 2018
  • Online distribution channel of frozen bakery market is expected to register the fastest CAGR of 6.2% from 2019 to 2025
  • Asia Pacific is expected to expand at a CAGR of 5.6% from 2018 to 2025, owing to developing economies, significant influence of western culture in terms of living standards and food patterns, and rising disposable income

Savory Snacks Market Size Worth $218.44 Billion By 2025

The global savory snacks market size is expected to reach USD 218.44 billion by 2025, according to a new report by Grand View Research, Inc. The rising health awareness coupled with growing consumption of healthy snacks is expected to drive demand for the product.

Savory snacks are majorly categorized as snacks that are not sweet in taste. The market growth of these products is driven by health considerations and consumer taste. The presence of numerous flavors coupled with rising R&D investment by major industry players in order to introduce new products is further expected to propel growth over the coming years.

The major products in the market are potato chips, nuts & seeds, extruded snacks, and popcorn. The growing consumption of convenience food is expected to fuel the demand for the product. The changing retail landscape and the rise of e-commerce are expected to have a positive impact on the growth over the next nine years.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/savory-snacks-market

Further key findings from the report suggest:

  • Nuts & Seeds are expected to be the fastest growing segment with a CAGR of 9.4% from 2016 to 2025 on account of rising demand from Japan and Brazil
  • Convenience stores are expected to be the highly preferred distribution channel in 2025 with a share of over 33% on account of easy availability of the products
  • The roasted/toasted flavored savory snacks are the largest flavor segment in the market growing at a CAGR of over 8.0% from 2016 to 2025. The familiarity of taste and availability of a large number of products in this flavor are expected to drive the demand.
  • Asia Pacific is the fastest growing regional segment with market share of over 30% in 2015. The growing demand from developing countries such as India, Indonesia, and Thailand is expected to propel the demand over the next nine years.
  • The industry participants are constantly engaged in improving their operations and introduction of new flavors to gain market share. The industry is characterized by high marketing costs and rising investments in order to improve the supply chain of the company.