Deep Fryer Market Size Worth $625.1 Million By 2025

The global deep fryer market size is expected to reach USD 625.1 million by 2025, expanding at a CAGR 2.8% over a forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by growing fast food industry and popularity of E-commerce retail. Moreover, high demand for the product from North America owing to rising preference for convenience food and on-the-go fast food is propelling the market.

Consumers supplement their regular meals with fried food products, such as fried chicken and French fires among various other products. Thus, changing consumer lifestyle, especially in terms of eating habits, and rising need for ready to eat food are expected to drive the demand in the region, which, in turn, is likely to boost global market over the forecast period. In addition, consumers are also becoming increasingly aware regarding health and wellness and, thus, are preferring food fried at home as opposed to fried food sold at fast food chains. This is expected to positively impact the demand for small deep fryers, such as the ones with a two-liter frying capacity, over the forecast period.

On the basis of product, commercial deep fryer held the largest market share in 2017. Changing dynamics of fast food market are expected to positively impact the demand for these products during the forecast period. Over the past few years, there has been a diversity in fast food restaurants. Players such as Wendy’s, Chick-fil-A, Burger King, Kentucky Fried Chicken (KFC), and McDonald’s among others are operating in the fast food market. These companies are continuously expanding their market reach and inaugurating new stores across the globe. Such fast food chains are the major consumers of deep fryers.

2 liter to 5 liter was the dominant segment on the basis of type of deep fryers. Growing fast food industry across the globe is projected to boost the demand over the forecast period. There are certain concerns among consumers regarding the ill-effects of fried food consumption. To mitigate such concerns, food chains market their products as safe and free from artificial colors. This trend is expected to influence customers to consume fried food, which is anticipated to bode well for the overall market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/deep-fryers-market

Further key findings from the report suggest:

North America dominated the global deep fryer market in 2017. However, Asia-Pacific is anticipated to witness the fastest CAGR of 3.5% during the forecast period from 2018 to 2025
China is the fastest growing country in the Asia Pacific market on account of growing popularity of ready to eat food, rising disposable income, and enhancing standard of living
E-commerce distribution channel segment is potentially fueling the market growth owing to the increasing number of internet users globally
Companies undertake various strategic initiatives to boost their market share. For instance, in January 2017, National Presto Industries, Inc. announced the sale of the assets of its absorbent product segment, Presto Absorbent Products, Inc. (PAPI), to Drylock Technologies, Ltd. a private Belgian company that manufactures and sells private adult incontinence, feminine hygiene, and label diaper products in Europe.

Connected Gym Equipment Market Size Worth $5.96 Billion By 2025

The global connected gym equipment market size is expected to reach USD 5.96 billion by 2025, according to a new report by Grand View Research, Inc., registering a 31.2% CAGR during the forecast period. Increasing fitness consciousness among people across the globe, along with rapid digitalization of numerous industries at a global level, is driving the market. Smart fitness equipment provide better clarity on the performance of the users by tracking, monitoring, and analyzing their workouts. This has driven the popularity of such devices and equipment among sports enthusiasts and athletes, thereby having a positive impact on market growth.

Connected gym equipment, machines, and devices can be connected to the internet, allowing them to collect and store data on centralized servers (such as cloud), which is accessible anywhere. Connected gym equipment has gained much traction among health club members, supported by high penetration and ownership of smartphones and accessibility to high-speed internet. A surge of fitness apps around the world has also greatly driven the market.

By product, cardiovascular training tools and machines dominated the global market in 2018, accounting for more than half of the total revenue. Consumers use a wide range of connected cardiovascular devices, such as treadmills, elliptical, arm bikes, upright bikes, rowing machines, and alternative motion machines, in order to lose weight, improve heart health, and lower one’s blood pressure. Rising concerns regarding cardiovascular disorders among adults on a global level as a result of hectic lifestyles and fluctuating climate patterns are expected to promote spending on various exercise equipment. This will give the market for connected gym equipment a significant boost.

On the basis of application, the commercial segment held the largest share of over 80.0% in the global connected gym equipment market in 2018. Health clubs, hospitals, and hotels are key consumers in this segment, which require a wide variety of gym equipment to serve a large number of consumers. The number of health clubs has been rising steadily over the world, a factor that has given this market a significant boost. For instance, the International Health, Racquet & Sportsclub Association (IHRSA) stated in its global report that as of 2018, it served more than 183 million members across 210,000 clubs around the world.

Asia Pacific is expected to witness the fastest growth at a CAGR of over 33.0% from 2019 to 2025. Rising health awareness, coupled with increasing purchasing power of consumers, is projected to drive the market in this region, particularly in China, Japan, India, and Australia. Over the past few years, the number of large fitness clubs and small and mid-sized gyms have increased significantly in this region. Organizations such as hotels, schools, high-end condominiums, and offices have been installing fitness centers.

Key competitors in the industry include Life Fitness; eGym GmbH; Les Mills International; Technogym; Precor Incorporated; Star Trac UK Ltd.; Cybex International; Paradigm Health & Wellness; Johnson Health Tech; Draper, Inc.; and Equinox Fitness.

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

Further key findings from the report suggest:

The cardiovascular training product segment is expected to grow at the fastest pace due to rising importance of these products in losing weight and building stamina
In terms of application, the commercial segment held the largest share of over 80.0% in the global connected gym equipment market in 2018. Health clubs, hospitals, and hotels are key consumers in this segment
Asia Pacific is expected to witness the fastest growth at a CAGR of over 33.0% from 2019 to 2025, fueled by rising health awareness and increasing purchasing power of consumers
North America dominated the global market owing to the presence of a large number of health clubs in U.S. and Canada

Laundry Detergent Pods Market Worth $12.37 Billion By 2025

The global laundry detergent pods market size is expected to reach USD 12.37 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% during the forecast period. Increasing awareness about the benefits of laundry detergent pods such as excellent fabric protection and longevity along with excellent cleaning is anticipated to fuel the product demand. The composition of product is strong enough to remove stains and dirt but not harsh enough to the fabric.

Biological products generated a revenue of more than USD 3 billion in 2018. Rising concerns over adverse effects associated with synthetic detergents as they contain chemicals including phosphates which are considered non-biodegradable, is expected to promote the scope of application for biological capsules. Over the past few years, increasing emphasis is being given to reducing the greenhouse emissions in manufacturing sector on a global level as a result of implementation of environmental regulations by the regulatory bodies including the U.S. Environment Protection Agency (EPA). The environmental concerns are also expected to force the detergent manufacturers to use biological ingredients for their laundry detergent pods.

In March 2019, Unilever under its brand line Homey launched washing tablet available in recycled and recyclable packaging. The reasonably priced product is eco-friendly and can help reduce the pollution caused by the microfibers present in conventional products. In March 2019, Smol launched Super Concentrated Liquid Capsules. These products are claimed to be 100% vegan and are fragranced with essential oil.

Household application accounted for a leading market share of more than 60% in 2018 and is expected to continue the dominance over the next few years as majority of washing machine companies recommend using laundry detergent pods for the longer life of the machine. Increasing household income in countries including China and India is expected to expand the market size over the next few years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/laundry-detergent-pods-market

Further key findings from the report suggest:

Non-biological products generated a revenue of more than USD 5 billion in 2018
Commercial segment is expected to foresee a CAGR of 5.1% from 2019 to 2025
North America accounted for a share of more than 35% of the laundry detergent pods market in 2018

Glycolic Acid Market Size To Reach $415.0 Million By 2024

The global glycolic acid market is expected to reach USD 415.0 million by 2024, according to a new report by Grand View Research, Inc. Growing use of the product in various applications including personal care and household is expected to drive demand. The product is extensively used in the manufacturing of cleaning agent formulations as well as skin care creams, thus promoting its growth.

Personal care application is expected to be valued at over USD 96.0 million in 2015 driven by increasing use of the product in cosmeceutical preparations such as skin creams, lotions for treatment of blackheads, acne face lines and the treatment of oiliness. In addition, the demand for glycolic acid based skin peels for face cleansing is expected to bolster the demand over the forecast period.

Growing use of the product in shampoo formulations for treatment of dandruff and hair conditioning is expected to augment demand over the projected period. However, availability of alternate products such as salicylic acid coupled with stringent regulations by bodies such as Food and Drug Administration (FDA) limiting the concentration of glycolic acid in personal care products is expected to restrain growth.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/glycolic-acid-industry

Further key findings from the report suggest:

The industrial application segment is expected to be valued at over USD 42.0 million by 2024 owing to its increasing application scope in concrete removal, dairy and food equipment cleaner, industrial chemical manufacturing, oil and petrol refining and metal cleaning & finishing. Superior properties exhibited by the product including corrosion resistance, negligible odor, low toxicity, and low inflammability are expected to promote its use over the forecast period.
In Europe, the market in Italy is expected to exhibit highest growth rate of over 11.5% from 2016 to 2024 owing to increasing demand for glycolic acid in the production of skin care creams and lotions and face peels. In addition, increasing demand for glycolic acid by cosmetics manufacturers in the country is expected to drive the demand for the product over the forecast period.
Asia Pacific is expected to witness highest CAGR of over 12.0% over the period 2016 to 2024 driven by rising demand for glycolic acid based household cleaners coupled with a growing demand for beauty products. Abundant raw material availability coupled with the presence of a large number of manufacturer base is likely to have a positive impact on market growth.
Key players in the industry include Parchem, DuPont, CrossChem LP, Phibro Animal Health Corporation and Chemsolv Inc.