Solar Tracker Market Demand To Reach 172.0 GW By 2025

The global solar tracker market demand is expected to reach 172.0 GW by 2025, expanding at a volume-based CAGR of 32.0%, according to a new report by Grand View Research, Inc. Solar tracker is installed on a photovoltaic (PV) system to get an increased energy output during the day. The PV system helps to minimize the angle of incidence between incoming light and panel, thereby increasing the amount of energy produced.

The single axis segment is predicted to have the highest growth over the forecast years and is projected to witness a revenue-based CAGR of 30.6% from 2019 to 2025. Single axis tracker is economical than dual axis tracker and easy to maintain. The market is expected to witness substantial growth over the forecast period owing to growing need for renewable power generation, especially in the single axis segment.

The dual axis segment accounted for lower market share in terms of volume and is projected to exhibit lower CAGR during the forecast period. Dual-axis solar trackers comprise two degrees of freedom that act as axis of rotation. The axis fixed to the ground is considered as the primary axis and the one referenced to the primary axis is called the secondary axis.

Dual axis trackers have modules that are oriented parallel to the secondary axis of rotation. They allow maximum absorption of the sun’s rays on account of their ability to follow the sun both horizontally and vertically, thus generating 8% to 10% more energy than single axis trackers.

In terms of technology, the PV segment is anticipated to hold majority share in the market over the forecast period. The simplicity of its design along with the cost-effectiveness make them ideally suitable for most PV applications at utility level.

Additionally, trackers installed on PV modules occupy less space as compared to the concentrated photovoltaic (CPV) and concentrated solar power (CSP) technologies. The PV technology does not require any additional lenses, mirrors or sterling energy to generate electricity, thereby making them suitable for use in non-utility applications.

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https://www.grandviewresearch.com/industry-analysis/solar-tracker-industry

Further key findings from the report suggest:

The solar tracker market is estimated to witness a volume-based CAGR of 32.0% from 2019 to 2025. Solar tracker helps in increasing the efficiency of the cell. Increasing solar PV demand in various regions is expected to propel the growth of the market over the projected period
Solar PV emerged as a leading technology segment accounting for a revenue share of close to 91.0% in 2018. Increasing government focus on renewable energy has resulted in the development of PV cells as a sustainable and continuous source of energy generation
The single axis segment leading product segment covering more than 64.0% of the market volume in 2018 and is projected to grow at highest CAGR during the forecast period. Single axis trackers are less expensive as compared to dual axis trackers and, therefore, are widely employed in utility and non-utility application
The utility application segment is expected to account for more than 87.0 % of the market volume in 2025 and is projected to grow at highest CAGR during the forecast period. Trackers are being used on a large-scale in utility applications in light of increasing government subsides coupled with feed-in tariff schemes particularly in North American and European region
North America accounted for the largest market share of more than 30.0% volume share in 2018 owing to favorable policies and incentives for solar PV installation in the country. However, Middle East and Africa market is projected to exhibit the highest CAGR during the forecast period on account of rise in investments for renewable energy sources in the region
Major companies actively operating in the solar tracker market in the present scenario include NEXTracker Inc.; PV Hardware; Soltec; First Solar Inc.; and Array Technologies Inc. These companies are adopting various organic as well as inorganic growth strategies to augment their market share.

Cosmeceutical Market Size Worth $70.0 Billion By 2025

The global cosmeceutical market size is expected to reach USD 70.0 billion by 2025, expanding at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. The onset of cosmeceuticals has reformed the cosmetic and personal care industry. These products, unlike the makeup products have the ability to resolve the origin of the imperfections rather than just covering them.

This quality has resulted into a tremendous rise in the demand for the product and increased its share in the cosmetic and personal care industry. Additionally, there has been a remarkable rise in the demand for organic and natural commodities due to awareness regarding harmful side effects of the synthetic elements in these cosmetic products. Manufacturers are seen taking advantage of this trend.

Furthermore, it has been observed that the demand is high among the people of age group 30-45. Over the past decades, decreasing mortality rate has given rise to the aging population all over the globe. People living longer and wanting to retain their youthful appearance is positively impacting the market growth globally. Demand for anti-aging products in order to prevent hair damage, age spots, uneven skin tone, dry skin, and wrinkles is on the rise.

The skin care category dominated the cosmeceutical market with a share of 43.3% in 2018. Exposure to harmful ultraviolet radiations can cause premature skin-aging or can even result in skin cancer. This awareness has increased consumer’s focus on protecting their skin by using preventive skincare products. Moreover, demand for multifunctional product is expected to fuel the growth of sun-care cosmetic products in the forecast period. Hair Care is also expected to witness a considerable growth owing to an increase in the demand for products such as hair oil, hair color, shampoo, and conditioner.

Europe held the largest share of 32.2% in 2018. Moreover, the major countries in this region have the largest population of people suffering from dry skin, considering their weather conditions. This is likely to spur the demand for beneficial and multifunctional skin care cosmetic products. Asia Pacific is expected to witness the highest growth among other regions. The market in this region is gaining traction due to widely expanding developing economies.

Key players having a presence in the global market include Johnson & Johnson, Procter & Gamble, Sabinsa Corporation, L’Oréal, Allergan, AVON, Estee Lauder, Unilever, Beiersdorf, and Croda International Plc.

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

Further key findings from the study suggest:

By product type, the skin care category held the largest share of 43.3% over the forecast period
By distribution channel, the supermarkets and specialty stores segment is expected to generate a revenue of USD 54.0 billion by 2025
Europe dominated the global cosmeceutical market in 2018 and accounted for 32.2% share of the overall revenue. This trend is projected to continue over the next few years
Asia Pacific is expected to expand at a CAGR of 5.4% over the forecast period
Various manufacturers are concentrating on new product launches, capacity expansion, and product portfolio extension to estimate existing and future demand patterns from upcoming application segments.

Pore Strips Market Size Worth $4.13 Billion By 2025

The global pore strips market is expected to reach USD 4.13 billion by 2025, registering a CAGR of 7.6% over the forecasted period, according to a new report by Grand View Research, Inc. The growing fashion consciousness coupled with increasing pollution level leading to facial skin problems is driving the product demand.

On the basis of ingredients, charcoal held the leading market share of 39.18% in 2018. The ingredient is perceived to have qualities of removing dirt and impurities and it can exfoliate the skin by removing oils, driving the adoption of the ingredient. Apart from charcoal, tea tree oil is expected to register the fastest CAGR of 9.3% over the forecast period. The natural benefits of the product that soothe the skin and cure itching and dryness is anticipated to fuel the demand.

Home segment held the leading market share of more than 59.53% in terms of revenue in 2018. The idea that the product can give instant results and is easy to use, is making it popular among the home users. Apart from home segment, salon is found to be the fastest growing consumer and is witnessing a significant CAGR of around 7.8% over the forecast period. In salon, the beauty stylists use the pore strips with other products to give better results, thus propelling the demand.

Asia Pacific emerged as the largest regional segment with more than 40.0% of the market share in 2018. The growing pollution in the emerging countries such as India and China which accounts for more than 34% of the global population and increasing consumer awareness towards healthy skin is fuelling the regional growth. Central and South America (CSA) is projected to register the fastest CAGR of over 9.7% during forecast period. The hot and humid climatic condition of the region has led to increase in demand for the product.

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https://www.grandviewresearch.com/industry-analysis/pore-strips-market

Further key finding from the report suggests:

In terms of revenue, tea-tree oil ingredient segment is projected to ascend at a CAGR of 9.3% during the forecast period.
Countries such as Brazil, which has hot and humid climate and is facing the problem of a rise in pollution, is projected to register the faster CAGR due to increasing product demand
Salon end use segment in the pore strips market is anticipated to register a rapid CAGR of 7.8% in the forthcoming years

Night Creams Market Size Worth $11.62 Billion By 2025

The global night creams market size is expected to reach USD 11.62 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.24% during the forecast period. Night creams are ultra-hydrating, deep nourishing, and restorative. The product uses high amount of emollients so they are more moisturizing and leave an oily texture on skin. Consumers with extreme dryness of skin require heavier creams. These products are generally preferred to apply during night to avoid interference of hydrating element of cream with makeup during day time. This factor is projected to drive the product demand in near future.

The market is driven by high growth of cosmetic products in Asia Pacific along with rise in sales of anti-aging products. Growing concerns regarding skin problems along with rise in disposable income of consumers are anticipated to further drive the demand. Moreover, growth os skin lightening, moisturizing, and anti-aging product sectors are expected to fuel the overall market during the forecast period.

A rising number of manufacturers and distributors are entering the skin care industry, due to the rising demand for the products that help different issues including skin hydration, elasticity, color complexion, and softeness. However, the impact of e-commerce channels, specialty and convenience stores, cost effectiveness of product, and concerns regarding skin damage creates a huge opportunity for the market growth.

Asia Pacific night creams market is anticipated to witness growth due to increasing consumer awareness regarding skin care product categories along with growing product launches by the key manufacturers. Europe is anticipated to witness a rise in sales over the forecast period. For instance, Germany consumed the largest number of personal care and cosmetics product with a value of EUR 13.54 billion in 2017.

Growing consumer awareness regarding multi-functional products such as the combination of benefits such as anti-aging and moisturizing, is anticipated to create growth opportunities for the key players. The key manufacturers engage in strategies such as product launches, acquisitions, promotional campaigns, and capacity expansions to gain greater market share.

The market is recognized by the initiatives such as, acquisitions, mergers, online sales, limited extension, and development endeavors by the key players such as L’Oréal SA, Shiseido group, Avon Inc., Beiersdorf AG, and Estée Lauder Inc. For instance, in February 2018, Clarins promotional campaign for the millennials as a Worth the Wrinkle campaign for night cream. The company also targeted young aged population about their views on aging to look real and perfect.

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https://www.grandviewresearch.com/industry-analysis/night-creams-market

Further key findings from the report suggest:

In terms of revenue, moisturizing product is projected to ascend at a CAGR of 6.83% over the forecast period from 2019 to 2025
Offline channel led the global night creams market with a share of over 86.60% in 2018
Europe held the leading market share of 36.54% and is expected to witness significant growth in the forthcoming years
The growing skin care industry on account of rise in concerns regarding skin problems mainly in developed countries is expected to further propel the market
The market is highly competitive in nature with the presence of the main players including L’Oréal SA; Shiseido Group; Avon Inc.; Beiersdorf AG; and Estée Lauder Inc.

Chicory Market Size Worth $294.2 Million by 2025

The global chicory market size is anticipated to reach USD 294.2 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.2% during the forecast period. Increasing awareness regarding the medicinal value of chicory is the main factor driving the growth.

The chicory root product segment accounted for more than 65% market share in 2018. Roots are a rich source of inulin and nutrients essential for brain health. Ground and roasted roots are used as an alternative to coffee. Chicory root powder is used in baked goods and other food products as an alternative to sugar and fat, as well as, as a texturizer. As a result, the market is anticipated to witness significant rise in demand over the forecast period.

Food and beverage was the largest application segment accounting for more than 45% market share in 2018. It is expected to maintain its dominance throughout the forecast period. Increasing demand for chicory coffee in Thailand, Japan, Netherlands, Germany, France, and U.S. is driving the growth. In addition, increasing use of the product as an alternative to sugar and fat in various food and beverages is expected to create growth opportunities in the forthcoming years.

Europe is anticipated to continue leading the global chicory market over the forecast period. Rising consumption owing to various health benefits of the product is driving the regional growth. Belgium is the largest producer of chicory in the world. Germany, France, and Netherlands are expected to witness significant growth owing to rising consumption of chicory coffee. North America is expected to witness the fastest CAGR of 5.2% from 2019 to 2025 owing to increasing cultivation and consumption of chicory as an alternative to coffee. Growing popularity of chicory as a natural appetizer is anticipated to further fuel the regional growth.

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

Further key findings from the report suggest

Chicory root is expected to witness a CAGR of 4.5% over the forecast period, owing to increasing awareness regarding the health benefit of the roots
U.S. is one of the largest consumers of the product and accounted for more than 85% share of the North America chicory market in 2018
India, Thailand, China, Japan, and Australia are the key markets for chicory in the Asia Pacific region
Belgium, France, and Netherlands held more than 60% share of the Europe market for chicory in 2018

Gum Arabic Market Size Worth $555.9 Million By 2025

The global gum arabic market size is expected to reach USD 555.9 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a 5.9% CAGR during the forecast period. Gum arabic, also known as acacia gum, is a natural emulsifier used in various applications such as food and beverage, cosmetics, pharmaceuticals, and paints. It is primarily used as a filling and thickening agent in most confectionery items.

The market is driven by increasing consumer spending on dietary and fiber-rich food products, especially in bakery applications. This can be attributed to growing purchasing power of consumers, along with significant spending in the beverage and confectionery industry in developing countries such as China and India. Rapidly growing bakery industry in several Asian and South American countries and with a rise in sales of natural and functional ingredients used in bakery products are key trends benefiting this market. Moreover, the ability of this ingredient to be instantly soluble in products and help retain flavors, colors, and aromas in various foods and beverages is expected to support product demand.

The ingredient plays a crucial role in dairy products, as an encapsulation medium and stabilizer. Its air-holding ability improves freeze-thaw stability in ice creams, yogurts, and other frozen desserts. Thriving e-commerce channels and increasing number of domestic bakery vendors have been providing players major opportunities for growth.

The market in North America held the dominant share of over 35.0% in 2018 and this can be attributed to a large consumer base, especially for beverages, confectioneries, and pharmaceutical products. Soaring sales of dairy products, particularly in countries like Japan, China, Australia, and India have been driving the Asia Pacific market, enabling it to register the fastest growth over the forecast period.

The market is characterized by several growth initiatives, such as acquisitions, mergers, online sales, and investment in research and development. Key players in the market include Gum Arabic Company; Nexira; Kerry Group; Tic Gums Inc.; Agrigum International Limited; Farbest Brands; Archer Daniels Midland Company; Ashland Inc.; Hawkins Watts; and Prodigy NIG Limited.

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https://www.grandviewresearch.com/industry-analysis/gum-arabic-market

Further key findings from the report suggest:

In terms of revenue, dairy products are expected to emerge as the fastest growing application segment, registering a CAGR of 7.4% over the forecast period. The ingredient serves as an effective encapsulation medium and stabilizer in dairy products
By source, acacia Senegal dominated the global market with a share of 66.2% in 2018. These trees are known to yield in all seasons, regardless of soil texture and condition
North America dominated the global market in 2018, accounting for 35.7% of the overall revenue. Growing beverage and dairy industries, driven by rising consumption of ready-to-eat foods, is expected to propel the gum arabic market
The industry is highly competitive in nature. Key players include Gum Arabic Company; Nexira; Kerry Group; Tic Gums Inc.; Agrigum International Limited; Farbest Brands; and Archer Daniels Midland Company
Manufacturers are concentrating on new product launches, capacity expansions, and technological innovation to estimate existing and future demand patterns.

Pulse Flour Market Size Worth $64.96 Million By 2025

The global pulse flour market size is projected to reach USD 64.96 billion by 2025 registering a CAGR of 14.5%, according to a new report by Grand View Research, Inc. Rising consumer awareness regarding health and nutrition is anticipated to boost the product demand in the forecast period. Rapidly expanding global gluten-free food and health food markets along with growth opportunities for low Glycemic Index (GI) foods and other niche and specialty pulse products and industries are also contributing to the product demand.

Portion of Chick Pea flour on vintage wooden background

Pulses including peas, chickpeas, lentils, and beans are a rich source of protein and fiber. These are being increasingly used in the form of flour in bakery products, snacks, and dairy food items on account of high nutritional content as compared to other flour types. Pulse flour is also highly used as a functional food ingredient. Pulse flour in bakery foods and snacks improves the amino acid profile of products. In addition, taste of pulses, when combined with bakery products, enhances the flavors and nutritional content.

All these factors are boosting the product demand, thereby augmenting market growth. North America was the largest regional market in 2018 and accounted for a volume share of 21.4% as it is one of the largest producers and exporters of pulses. Support from associations, such as Pulse Canada and USA Pea and Lentil Association, is expected to drive the regional market further over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/pulse-flour-market

Further key findings from the study suggest:

In terms of revenue, pea flour segment is projected to expand at the highest CAGR of 15.5% over the forecast period
Chickpea flour was the key segment in European healthy pulse flour market with an overall revenue share of over 25.1% in 2018
Bakery and snacks is anticipated to be the dominant application segment throughout the forecast period owing to high product demand in these applications
Easy availability and high production of chickpea in Asia Pacific is expected to augment the demand for pulse flour. However, high prices of chickpeas are expected to hinder the overall growth of the market
Global pulse flour market is highly competitive and is led by companies including Ingredion, Inc.; The Archer Daniels Midland Company; and AGT Food and Ingredients
These companies have undertaken strategic initiatives, such as product portfolio expansion, M&A, and product innovation to gain the maximum market share

Quillaia Extract Market Size Worth $1.05 Billion By 2025

The global quillaia extracts market size is anticipated to reach USD 1.05 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% over the forecast period. Increasing consumption of natural ingredients, changing food habits, and wide range of applications of the product in industries such as food and beverage, medical, and personal care among others are anticipated to drive the growth.

Quillaia extract is largely used for manufacturing cream soda, cider, puddings, baked goods, and frozen dairy products among other food and beverages. The extract is used in different quantities in different products. For instance, in carbonated beverages, the concentration of quillaia extract is upto 200mg/kg wherein in noncarbonated drinks, it is used upto 500mg/kg. Food and beverage held the largest market share of 36.45% in 2018, owing to the rising demand for foam stabilizing agents. The product is water soluble foaming compound that helps maintain temperature, taste, and shelf stability, which drive the application.

Increasing demand for organic and natural skincare products is anticipated to bode well for the quillaia extract market. One of the market players, Desert King offers different types of quillaia extract, namely, Andean Pure Quillaia, Andean Q Ultra, Andean Q Ultra Organic, Andean QDP Ultra Organic, Andean QE, and Andean QD for cosmetic application.

Liquid quillaia product type is anticipated to expand at a CAGR of 5.3% over the forecast period. The liquid extract is smooth and textureless making it suitable for curries and sauces. It is widely used as a foaming agent in soft drinks such as ginger beer, root beer, and cream soda, and in cocktails among other drinks. It has sweet and pungent smell and turns into foam upon shaking, hence it finds application in personal care application. For instance, Puracy, uses liquid quillaia extract in its natural conditioners, shampoos, and skin care products.

Asia Pacific held the largest market share of over 32% in 2018, due to high product consumption in Australia and New Zealand. According to a report by the Bureau of Chemical Safety, the mean quillaia extract intake in Australia was 2.3mg/kg per day and 1.1 mg/kg per day in New Zealand. The quillaia extract is also known as China bark extract, as the quillaia trees are native to China. The product is widely used in food products like soy sauce. High demand for organic and natural cosmetics in India, China, and Japan will boost the regional growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/quillaia-extracts-market

Further key findings from the report suggest:

Food and beverage segment held the largest market share of 36.45% in 2018 and is anticipated to continue leading during the forecast period
Liquid product type is anticipated to expand at a CAGR of 5.4% over the forecast period
Asia Pacific held the largest share of the global quillaia extract market in 2018
Leading market players are Garuda International, Naturex, Ingredion, Stan Chem International, Desert King, Baja Yucca, and Chile Botanics among others

Makeup Remover Market Size Worth $2.6 Billion By 2025

The global makeup remover market size is expected to reach USD 2.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% over the forecast period. The market is expected to witness significant growth due to increase in consumption of cosmetics among men and women, rise in the number of working women, and high purchasing power of consumers.

Liquid makeup removers accounted for the maximum market share owing to increased adoption of the product in developed regions like North America and Europe. Moreover, manufacturers are focusing on providing these liquid products infused with hyaluronic acid and micellar water. Hyaluronic acid has various skin benefits like alleviating dry skin and reducing fine lines and wrinkles. Micellar water is one of the most popular cleansers as it not only removes the makeup but also removes dirt and oil from the skin, thereby giving it a fresh hydrated look. Manufacturers are leveraging these properties to produce innovative products, which will fuel market growth during the forecast period.

The offline distribution channel was the leading segment in 2018. Newly launched makeup stores and kiosks are the latest strategies employed by manufacturers to improve their geographical presence across many regions. However, online sales are expected to witness the fastest growth owing to growth in digital advertising techniques such as social media marketing, smartphone applications etc.

Asia Pacific was the largest market share holder in 2018 due to the presence of major players and increasing number of working women in countries like China, India, Japan, and Hong Kong. This region is also anticipated to witness substantial growth on account of increasing urbanization, population, and market penetration of the global players. Rise is disposable income owing to increasing urbanization in this region will fuel the makeup remover market growth for overall cosmetic products. This is expected to increase use of skin care products, which will fuel the market growth.

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https://www.grandviewresearch.com/industry-analysis/makeup-remover-market

Further key findings from the study suggest:

By product, the liquid segment is projected to ascend with a CAGR of 5.7% during the forecast period owing to attractive packing and easy-to-carry bottles
China is expected to be the world’s largest cosmetic market during the forecast period. Increasing skin care rituals and availability of a variety of products in the Chinese market is expected to increase China’s market share
The makeup remover industry is highly competitive in nature with the presence of many key global players. Companies are investing in R&D owing to growing demand for natural makeup removers
Glossier, a direct-to-consumer cosmetic company, launched a makeup cleansing milk to expand its product portfolio
Loreal acquired ModiFace, a company that creates augmented reality beauty apps. This acquisition is a part of L’Oreal’s strategy to boost sales of its products via online channel.

Cat Litter Products Market Worth $5.0 Billion By 2025

The global cat litter products market size is expected to reach USD 5.0 billion by 2025, expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Substantial increase in the cat-owning households is driving the demand for cat litter. Most of the kitten owners prefer to let their kittens outside the house owing to reasons such as human hostility and adverse weather. This is why such products play an important role in the health of the pets and the people in the house, which is one of the major driving factors in the market.

Additionally, ever since cat care has become easier with the evolution of existing cat litter, along with the introduction of new ones, consumer demand for the variety in these products is increasing. However, there are certain challenges that are expected to negatively impact the market growth. High price of these products retrains the market growth, since the cat owners in the developing countries are reluctant to buy costly pet care products. This also results in a situation where the market fails to introduce premium products more, which, in turn, hampers the growth of the market.

Both the clumping and conventional or non-clumping products are expected to witness significant growth owing to the variation in the consumer needs. The clay segment is anticipated to hold the largest share in the market, owing to its highly absorbent and solid clump formation properties. The silica segment is also expected to witness healthy growth in the coming years.

North America held the largest share of 40.0% in 2018. About 87% of the cat owners in U.S. purchase cat litter in order to maintain hygiene of their pets. Central and South America and Asia Pacific are expected to considerably contribute to the market growth over the forecast period. Key players having a strong presence in the global cat litter products market are Clorox, Nestle, Church & Dwight, Mars, Oil-Dri, Pettex, Drelseys, SINCHEM, Weihai Pearl Silica Gel, and Blue.

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https://www.grandviewresearch.com/industry-analysis/cat-litter-products-market

Further key findings from the study suggest:

In terms of revenue, both the clumping and conventional types are projected to ascend at a CAGR of 3.8% over the forecast period
By raw material, the clay segment dominated the market with a revenue of USD 2.6 billion in 2018
North America dominated the global cat litter products market in 2018 and accounted for 40.0% share of the global revenue. This trend is projected to continue over the next few years
The industry is highly competitive in nature with the main players including Clorox and Church & Dwight
Various manufacturers are concentrating on new product launches, capacity expansion, and portfolio extension to estimate existing and future demand patterns from upcoming application segments.