Lactose-Free Infant Formula Market Size Worth $24.0 Billion By 2025

The global lactose-free infant formula market size is expected to reach USD 24.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.6% over the forecast period. Growing population of lactose intolerant newborns at the global level is a key factor driving the market.

Increasing working women population is also significantly affecting the market growth. Companies are investing on research and development to increase their focus on lactose-Free Infant Formula product offerings. For instance, Valio Oy has introduced more than 100 lactose free products in 50 countries. In 2016, the company invested around USD 28.0 million on new product development in order to provide high quality assurance to the customers.

The organic category held the largest market share in 2018. It is expected to emerge as the fastest growing product segment with a CAGR of 10.7% from 2019 to 2025. The segment growth is attributed to rising demand for premium products in the market. Increasing awareness about the side effects of chemically synthesized products is also driving the consumers to purchase organic products. The conventional category is anticipated to witness significant growth due to its cost effectiveness and availability of the product in the market. The product witnesses majority of its demand from the regions including Asia Pacific and Central and South America.

The supermarkets and hypermarkets category was the largest distribution channel segment in 2018, accounting for 45.0% of the global revenue. Availability of a wide product line is a major factor driving the consumers to purchase their products from this channel. The online category is anticipated to emerge as the fastest growing category. Consumers are shifting their preference toward online purchase due to the convenience of doorstep delivery services.

Europe is the largest consumer of lactose-Free Infant Formula. In 2018, the region accounted for 37.5% share of the global revenue. Europeans prefer purchasing these products as they help in preventing diseases like diarrhea among newborns. In Finland, one out of 60,000 newborns are lactose intolerant, which, in turn, is driving the market. Some of the key players operating in the Europe market are GIMME THE GOOD STUFF and Abbott.

The lactose-Free Infant Formula market is competitive in nature due to the presence of many small and large players. Some of the major companies operating in this market are Nestlé; Nutricia; Valio Oy; Abbott; GIMME THE GOOD STUFF; Silverson; Apta Advice; Danone; and Nurture, Inc.

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https://www.grandviewresearch.com/industry-analysis/lactose-free-infant-formula-market

Further key findings from the report suggest:

By product, the organic category is projected to be the fastest growing segment with a CAGR of 10.7% over the forecast period
On the basis of distribution channel, the supermarkets and hypermarkets segment dominated the global market, accounting for 45.0% share of the overall revenue in 2018
Europe dominated the lactose-Free Infant Formula market in 2018, accounting for 37.5% share of the overall revenue. This trend is projected to continue in the coming years due to growing lactose intolerant population and awareness about the benefits of lactose-Free Infant Formula
Various manufacturers are concentrating on lactose free high nutritional infant formulas to meet the existing and future demand of the market.

Agriculture Grade Zinc Chemicals Market Worth $1.04 Billion By 2025

The global agriculture grade zinc chemicals market size is projected to reach USD 1.04 billion by 2025, expanding at a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Increased population density and human activities are contributing to the degradation and reduction of mineral and nutrient content of soil. This factor drives the demand for nutrient-based agrochemicals, in turn driving the market for agriculture grade zinc chemicals.

Sulphur-zinc bentonite is one of the fastest growing derivatives and is likely to witness a CAGR of 7.0% from 2019 to 2025. It is produced by multinational companies including Coromandel and Tiger-Sul. Coromandel’s Sulphozinc usually comprises 25% zinc oxide, 65% elemental sulphur, and 10% bentonite. These are typically commercially sold in granular form which readily disperse upon discharging into soil, which then releases zinc particulars and micronized elemental sulphur.

Zinc deficiency is one of the most widespread micronutrient deficiencies in North American soil, especially in the arid and semi-arid parts of U.S. Due to high pH and high phosphorus content in arid areas, the solubility of zinc decreases, resulting in a nutrient deficit soil. The farmers in the region thus largely depend on agrochemicals containing sulphate, chloride or oxide of zinc. Mexico also has a significant contribution to the North American agricultural sector. Increasing fertilizer consumption as per the Food and Agriculture Organization (FAO) regulations in the country is anticipated to positively influence the demand for the product.

One of the major challenges for the growth of the agriculture grade zinc chemicals market is inadequate knowledge about the accurate and adequate quantity of zinc required for the production of good-quality crops. Both farmers and customers lack awareness regarding safety of the food consumed directly depending on the quality of the chemicals used on fruits and vegetables. According to the Ministry of Agriculture, lack of appropriate human resources is the biggest challenge faced by the global agribusiness. Thus, regional governments have developed different strategies to educate local farmers regarding the global agriculture trends.

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https://www.grandviewresearch.com/industry-analysis/agriculture-grade-zinc-chemicals-market

Further key findings from the report suggest:

Zinc oxide dominated the market with an estimated value of 356.4 kilotons in 2018 majorly due to wide availability of the derivative and good fertility in major parts of the world
Demand for zinc chloride is anticipated to register rapid CAGR of over 6% from 2019 to 2025 due to its superior properties
Asia Pacific is expected to witness a CAGR of 6.0%, in terms of volume, from 2019 to 2025
India is the second-largest market for agriculture in Asia Pacific with a share of about 42% in terms of the demand for the product. The country is anticipated to witness substantial CAGR of over 7%, in terms of revenue, from 2019 to 2025
Key market players with a comprehensive product portfolio are Tiger-Sul, ZoChem LLC, American Chemet Corporation, and Yara International

Tertiary Amines Market Size Worth $5.72 Billion By 2025

The global tertiary amines market size is projected to reach USD 5.72 billion by 2025, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. Widespread use of the product in pharmaceuticals, personal care, agriculture chemicals, pharmaceuticals, and textile fiber industries is projected to drive the growth.

In the pharmaceuticals industry, tertiary amines and their derivatives are used as intermediates for manufacturing medicines. The derivatives with ring-like structure of aryl group are used for manufacturing drugs, such as rosuvastatin, used for lowering cholesterol; aripiprazole belonging to the class of antipsychotic; and imatinib, used for cancer treatment. Derivatives such as imipramine, amitriptyline, lofepramine, and clomipramine are used for manufacturing anti-depressants.

Asia Pacific tertiary amines market witnessed the fastest growth in 2018 owing to the rapidly growing agricultural chemical industry in emerging economies including China, India, Japan, and South Korea. The presence of key raw material suppliers and manufacturers with massive production capacities is expected to further propel the regional growth.

The personal care application is expected to record significant growth over the forecast period. The rapidly growing personal care industry in emerging economies, such as China and India along with the rising consumer preference for personal hygiene and skincare is expected to drive the demand for tertiary amines demand.

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https://www.grandviewresearch.com/industry-analysis/tertiary-amines-market

Further key findings from the report suggest:

C-8 tertiary amine is anticipated to expand at a CAGR of 4.4%, in terms of revenue, from 2019 to 2025 as they are majorly used for manufacturing amine oxides and surfactants
Floatation reagents application segment is anticipated to hold a market share of 11.8% in 2025 on account of growing demand for the product in water treatment
The consumption of tertiary amines in petroleum end use is expected to register a CAGR of 4.7% from 2019 to 2025 backed by rising demand for drilling fluids
The Germany tertiary amines market is anticipated to exceed 47.6 kilotons by 2025 owing to the presence of major polyurethane foam manufacturers, such as BASF SE, Bauder, and Covestro
Some of the key market participants are Arkema, Lonza, Dow Chemical Co., BASF SE, Kao Corporation, and Albemarle Corporation

Methanol Market Size Worth $38.98 Billion By 2025

The global methanol market size is projected to reach USD 38.98 billion by 2025, registering a 2.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Exceptional blending capacity and high octane rating of the product are the key factors driving the consumption of methanol as fuel.

Methanol, also known as methyl alcohol or wood alcohol, is a light, colorless, volatile, and flammable liquid with an odor similar to that of ethanol or drinking alcohol. It is one of the most extensively used industrial chemicals and acts as a precursor during the production of formaldehyde, acetic acid, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), biodiesels, olefins, and others.

Japan accounts for approximately 7% of the overall methanol production in Asia and relies on imports to meet the local demand, owing to the low in-house production capacity of the country. However, various Japan-based manufacturers, including Mitsubishi Gas Chemicals have been picking up pace in terms of production and are benefitting by stable market prices.

Increasing demand for acetic acid, formaldehyde, and DME are considered as the key drivers for the growth of the methanol Industry in Asia Pacific. In addition, the supply and demand of the product across Asia Pacific is projected to be stable during the forecast period, with slight turbulence caused by the U.S. and China trade war.

The significant demand for methanol in North America is driven by a strong supply of the product to cater to the rising demand for MTBE, acetic acid, and formaldehyde. In 2018, the market was stable, backed by the steady supply of natural gas at low costs. Also, increasing biodiesel projects to be commissioned till 2021 is among the other prominent drivers fueling the regional demand for methanol in near future.

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

Further key findings from the report suggest:

Methanol to Olefins (MTO) segment is anticipated to expand at a CAGR of 6.6%, in terms of revenue, from 2019 to 2025 as they are used in large quantities for the production of propylene and ethylene, used for producing synthetic rubber, synthetic plastic, pharmaceuticals, and textile dyes
The U.S. methanol market is anticipated to reach 7,769.5 kilotons by 2025. Development of shale gas has encouraged manufacturers to step up their efforts to increase their production capacity
Asia Pacific is expected to account for the largest market share in terms of volume as well as revenue, over the forecast period. Factors such as rising affordability and rapid industrialization in countries such as China, India, and Japan are expected to drive the regional demand
Some of the key market participants are Zagros Petrochemical Company, BASF, Celanese Corporation, Mitsui & Co., Ltd, Saudi Arabia Basic Industries Corporation (SABIC), Methanex Corporation, Petroliam Nasional Berhad, and Valero Marketing & Supply Company
Prominent market players engage in developing novel production technologies and expansion of their plant capacities to gain competitive advantage

Lung Cancer Screening Software Market Worth $37.92 Million By 2025

The global lung cancer screening software market size is estimated to reach USD 37.92 million by 2025 expanding at a CAGR of 19.5% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing incidence of lung cancer and rise in implementation of lung cancer screening programs across the globe are some of the significant factors driving the market growth. According to Globocan estimates, about 160,068 new cases of lung cancer were reported in South East Asian region in 2018.

A number of clinical trials, studies, and demonstration projects are being conducted around the world to evaluate the effectiveness of lung cancer screening programs. For instance, in 2017, Cancer Care Ontario launched a screening pilot trial for people at high risk. Favorable government initiatives for successful implementation of such programs and increasing awareness about the disease screening are also likely to contribute to the market growth in the coming years.

Lung cancer screening programs are widely adopted by hospitals and radiological centers in U.S. However, they are usually performed as a part of national or provisional screening program outside the country. In case of Latin America and Middle Eastern countries, limited availability of resources, restricted funding, low awareness levels, and lack of trained personnel are some of the factors that impede market growth.

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https://www.grandviewresearch.com/industry-analysis/lung-cancer-screening-software-market

Further key findings from the study suggest:

In 2018, North America accounted for the highest revenue share owing to various lung cancer screening programs and favorable reimbursement scenario in the region
Asia Pacific is expected to be the fastest-growing regional market over the forecast period
This is attributed to the increasing cases of lung cancer and rise in the number of screening trials & studies for the disease
Nuance Communications, Inc.; Eon; Koninklijke Philips N.V.; Siemens Healthineers AG; PenRad Technologies, Inc.; MRS Systems, Inc.; and Magview are some of the key companies in the market

Sacral Nerve Stimulation Market Size Worth $2.39 Billion By 2026

The global sacral nerve stimulation market size is anticipated to reach USD 2.39 billion by 2026 registering a CAGR of 13.7%, according to a new report by Grand View Research, Inc. Increasing incidence of urge incontinence and fecal incontinence is anticipated to boost the market growth. Several other factors that are expected to drive the market include increase in number of patients suffering from urge incontinence, urgency frequency and urinary retention. According to the Department of Obstetrics and Gynecology, India, urge incontinence affects 23.0 to 55.0% of women.

Increasing number of patients suffering from Urinary Tract Infection (UTI) is also contributing toward the market growth. UTI is very common in females. Technological advancements are also likely to boost market growth. For instance, Medtronic InterStim II neurostimulation system. This system electrically stimulates the sacral nerves to normalize neural communication between the bladder and the brain, and between the bowel and the brain. It is designed for the treatment of urinary retention, Overactive Bladder (OAB) including urinary urge incontinence and symptoms, such as urgency frequency in patients who had failed to tolerate more conservative treatments.

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https://www.grandviewresearch.com/industry-analysis/sacral-nerve-stimulation-sns-market

Further key findings from the study suggest:

Implantable devices led the global sacral nerve stimulation (SNS) market in 2018 due to increased number of patients suffering from OAB and urinary incontinence
Urine and fecal incontinence application segment is expected to witness the fastest CAGR from 2018 to 2026 owing to increasing cases of urine and fecal incontinence
North America led the SNS market in 2018 and will maintain its dominance throughout the forecast years owing to the rising cases of urge incontinence, OAB, and UTI and increasing investments in the development of innovative SNS systems
Some of the key companies in the global sacral nerve stimulation market are Medtronic PLC; Axonics Modulation Technologies, Inc.; Nuvectra; and Cogentix Medical

Healthy Snacks Market Size Worth $32.88 Billion By 2025

The global healthy snacks market size is expected to reach USD 32.88 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% during the forecast period. Increasing awareness regarding health and wellness benefits offered by the product among consumers is likely to be a key trend driving the market.

The consumption of healthy snacks is growing on account of their ability to meet various dietary requirements such as sugar-free, low salt content, and low cholesterol levels. However, high cost of production due to volatile prices of raw materials is expected to negatively influence the growth of the market over the forecast period.

Growing purchasing power parity, which has increased immensely in the past few years, is anticipated to fuel the demand for meat snacks in the upcoming years. This factor, in turn, is projected to boost the growth of the market during the forecast period.

Europe is the leading regional market in the healthy snacks market. A wide base of youth population in the region along with high spending power of the populace is stoking the growth of the regional market. Healthy snacks provide grab-and-go option coupled with convenience to meet the needs of customers.

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https://www.grandviewresearch.com/industry-analysis/healthy-snack-market

Further key findings from the report suggest:

In terms of revenue, the meat snacks segment is projected to expand at a CAGR of 5.4% over the forecast period
Cereal & granola bars dominated the healthy snacks market with a global revenue share of over 36.0% in 2018
Companies in Europe are focusing on increasing sales of healthy snacks by attracting more customers with innovative and eye-catching products
Rising consumption of dried fruit snacks by customers due to changing lifestyles is likely to fuel growth over the next seven years
Market players are focusing on developing healthy snacks in compliance with stringent USFDA and EU standards, especially in North America and Europe
Emerging economies such as India, China, Brazil, Indonesia, and Malaysia are witnessing a paradigm shift in consumer buying behavior due to rising national income and its benefits on disposable income of households
Major industry players aim to achieve optimum market growth and strengthen their presence through various market expansion strategies such as new product development, joint-ventures, and acquisitions
Some of the key companies present in the industry are Nestlé S.A.; PepsiCo, Inc.; The Kellogg Company; Tyson Foods, Inc.; General Mills, Inc.; Mondelēz International; Hormel Foods Corporation; Kind LLC; and Select Harvests.

Men’s Grooming Products Market Size Worth $78.5 Billion By 2025

The global men’s grooming products market size is expected to reach USD 78.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% over the forecast period. Increasing rate of population, rising beauty consciousness among males, awareness about basic hygiene and cleanliness of body parts, growing influence of social trends, and rapid innovations and development in various grooming solutions are the key factors responsible for industry growth.

High disposable income and the hunger to climb the corporate ladder have redefined the needs of male grooming, and in the process, created an attractive market for companies dealing in men’s products. Rising awareness regarding the overall body care among males and growing influence of social trends are supporting the market growth. The idea behind personal grooming is to maintain the basic hygiene and cleanliness of body parts. A major factor fueling the growth of this market is rising beauty consciousness among males. Rapid innovations and development in various grooming solutions like hair spray, hair perfumes, and beard wax are offering tremendous growth potential to the market.

Europe emerged as the largest regional market in the year 2018 owing to growing demand for skin and hair care products among males. Increasing focus on the maintenance of a youthful and presentable appearance is a key factor driving the market in Europe. Men are regular users of body shaving products and skin enhancement cosmetics in the APAC region, thereby boosting the regional market growth.

Men’s grooming items have become quite popular among western developed countries in the last decade but the trend is now shifting towards Asia Pacific and Latin America. Conventionally, men’s grooming solutions were categorized into male toiletries and shaving products but recently demand for men’s cosmetics has also increased. U.K. dominated the market in terms of revenue in 2018, acquiring 65.4% share in Europe. Demand for anti-aging, oil-free cream, and face wash is gradually increasing in North America, Western Europe, and Japan. The skin care segment is likely to witness the fastest growth in the forecast period as compared to the hair care segment.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mens-grooming-products-market

Further key findings from the report suggest:

The skin care segment is projected to expand at a CAGR of 6.1% over the forecast period
Based on the distribution channel, the e-commerce platform held an overall revenue share of 9.8% in 2018
The men’s grooming products market in U.K., U.S., China, Germany, and Brazil has also expanded to a great extent in the last few years.

Footwear Market Size Worth $269.9 Billion By 2025

The global footwear market size is expected to reach USD 269.9 billion by 2025 registering a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Rising demand for fancy, convenient, and comfortable footwear is the major factor driving the market growth. Another factor driving the market is rising number of working individuals across the globe, which leads to increased sales of formal and semi-formal footwear. Companies are launching innovative products to increase customer engagement. For instance, in April 2019, Adidas America, Inc. introduced Game of Thrones sneakers.

Women end user segment is expected to register the fastest CAGR of 4.3% from 2019 to 2025. Average spending on personal appearance products will further boost market growth. The Asia Pacific region is anticipated to witness the maximum CAGR over the forecast period. This growth is attributed to the improving living standards and increasing disposable income levels, especially in emerging nations like China and India. The athletic type segment in this region is increasing due to rising participation in different sports, such as the ACC Asia Cup, ICC Cricket World Cup, and the Asian Games.

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

Further key findings from the report suggest:

In terms of revenue, athletic type segment is projected to ascend at the fastest CAGR of 4.4% from 2019 to 2025
However, non-athletic type segment is likely to account for the largest share of the global market in future
Men end user segment accounted for the largest market share of more than 55% in 2018 and is projected to retain its leading position over the next few years
Asia Pacific is expected to be the largest, as well as fastest-growing, regional market during the forecast period
This growth is attributed to increasing disposable income levels in emerging countries like India, South Korea, China, and Japan
Prominent companies in the global footwear market include Adidas America, Inc.; PUMA; Geox S.p.A.; Timberland LLC; Crocs Retail, Inc.; Under Armour, Inc.; and Wolverine World Wide, Inc.
These industry participants focus on new product development and technological innovations to estimate existing and future demand patterns from upcoming market

Color Cosmetics Market Size Worth $86.9 Billion By 2025

The global color cosmetics market size is expected to reach USD 86.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% over the forecast period. Growing consciousness about physical appearance, along with rising purchasing power in the developing countries such as India, China, and Brazil, is driving the market for the products.

Furthermore, rapid adoption of the western lifestyle has increased the consumer spending on personal care products. Furthermore, rising women participation in the global workforce has boosted the demand across the world. This women workforce is expected to raise the demand for beauty products in the near future as it represents the main consumer category of the industry.

Facial products dominated the market, accounting for over 25.0% share of the total revenue in 2018. Popular facial products include facial foundation, powder, concealer, and bronzer. Growing penetration of social medial and online makeup tutorials has been propelling the demand of the facial products over the world. Over the past few years, waterproof and sweat proof makeups have gained significant popularity among the women, especially during summer.

Asia Pacific is expected to be the fastest growing regional market. Increasing per capita income in countries such as China, India, Indonesia, and Brazil has provided consumers the space to spend more on premium personal care products. Rapid urbanization in these nations has helped in expanding the consumer base of the industry. China makes a considerable contribution to the growth as Chinese travelers has fueled the sales of the color cosmetics significantly. They accounted for 45% of sales of the travel retails in the world. L’Oréal has partnered with the local start-ups of Japan, China, and India to strengthen its presence in these lucrative markets.

Some of the key players are L’Oréal S.A.; Estée Lauder Companies Inc.; Unilever; Shiseido Company, Limited; Avon Products, Inc.; Revlon Inc.; Coty Inc.; Ciaté London; CHANTECAILLE BEAUTÉ; and Kryolan. Major companies are also considering the digital medium as an important tool for marketing. On an average, L’Oréal annually spends around 30% of marketing budget on the digital advertising. The company has started a digital campaign – Beauty Squad, through which it sells articles and videos with the help of the social influencers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/color-cosmetics-market

Further key findings from the study suggest:

Facial products held the largest share of over 25.0% in 2018. Lip products are expected register the fastest CAGR of 7.0% from 2019 to 2025
Online distribution channel is anticipated to expand at a CAGR of 9.3% from 2019 to 2025
Europe accounted for a revenue share of 29.5% in 2018