Tag: Online

Hair Dryer Market Size Worth $10.05 Billion By 2025

The global hair dryer market size is expected to reach USD 10.05 billion by 2025 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Increasing number of professional salons across the globe is expected to be the key factor for the increased sales of hair dryers. In addition, rising awareness about personal grooming is propelling the product demand. Corded products was the largest segment in 2018. Major manufacturers including Conair Corporation, Panasonic Corporation, Dyson Ltd., and Koninklijke Philips N.V. are introducing newer products to gain maximum market share.

For instance, in April 2018, Dyson Ltd. launched its most advanced product ‘Dyson Supersonic Hair Dryer’. The product features one of the lightest and smallest motor that can run at a speed of 110,000 rotations per minute. This dryer is designed for the precise air flow without any temperature fluctuation, which reduces the risk of hair, skin, and scalp damage due to heat. Thus, product and technological advancements are also projected to boost the market growth over the forecast period. Asia Pacific is expected to be the fastest-growing regional market at a CAGR of 5.6% from 2019 to 2025.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hair-dryer-market

Further key findings from the report suggest:

  • North America is the largest regional market; however, Asia Pacific is expected to witness the fastest CAGR of 5.6% from 2019 to 2025
  • Major companies in APAC have undertaken several strategies including extensive R&D and M&A to cater to the increasing demand for advanced products, which is a key contributing factor for the market growth
  • For instance, in November 2018, Panasonic Corp. launched two products, ‘Nanoe’ & ‘Double Mineral Hair Dryer EH-NA98’ in Malaysia
  • These products offer controlled temperature air flow, which reduces the hair and scalp damage due to heat
  • Corded products held a share of more than 80% in 2018. The cordless product segment is expected to register the fastest CAGR during the forecast years
  • Some of the Key companies in the hair dryer market include Conair Corp., Panasonic Corp., Dyson Ltd., Koninklijke Philips N.V., Sharp Corp., Revlon, TESCOM Co., Beauty Elite Group, Drybar, LLC, and Remington

Bean Bag Chairs Market Size Worth $4.3 Billion By 2025

The global bean bag chairs market size is anticipated to reach USD 4.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Rising construction activities in developed countries including U.S., Germany, U.K., and France are expected to assist in the growth of this market. In addition, supportive government initiatives such as homes for all will promote growth of the market.

For instance, in 2018, the German government tried to speed up the construction of housing and limit rent rises as it seeks to tackle a drastic shortage of affordable housing. The government plans to build around 1.5 million new houses by 2021. Furthermore, they are planning to invest over 5 billion euros for social housing and expected to build around 100,000 new social flats by 2021.

The indoor segment held a leading share of 78.4% in 2018. Gradually, rooms in modern house are losing their traditional use and becoming spaces with numerous possible functions. Beanbags can cater to that need by being portable and functioning as a seat, side table, footstool or floor cushion. The outdoor segment is anticipated to expand at the fastest CAGR of 5.2% over the forecast period owing to growing popularity of these chairs in offices and restaurants.

The online segment is anticipated to expand at the fastest CAGR of 6.4% over the forecast period. Increasing penetration of smartphone and exposure to digital media, especially in developing countries such as India and China, is expected to assist in sale of these products through the online channel. In addition, online retailers such as Wayfair.com and Brookstone.com are focusing on making this product a main category in modern furniture, thereby boosting the growth of bean bag chairs market.

Europe held a leading share of 37.4% in 2018. The market is driven by rise in the construction of houses in the region. Asia Pacific is projected to witness the fastest growth over the forecast period due to rising popularity of luxury and branded furniture including bean bag chairs, especially in countries like India and China. Moreover, increasing penetration of players such as MUJI and IKEA, coupled with surge in number of retail outlets, is expected to promote growth of the market in upcoming years.

Key players operating in the market include Lovesac; Yogibo LLC; Fatboy; SUMO LOUNGE INTERNATIONAL; AFA Inc.; LUVU BRANDS; CordaRoy’s; Comfy Sacks; Lumaland Inc.; and MUJI.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/bean-bag-chairs-market

Further key findings from the study suggest:

  • North America is anticipated to witness significant growth from 2019 to 2025 owing to shifting consumer preference from conventional to modern and luxury furniture
  • The bean bag chairs market in Europe was valued at USD 1.2 billion in 2018
  • Asia Pacific is anticipated to expand at the highest CAGR of 5.8% from 2019 to 2025 due to rise in product availability
  • The global market is highly competitive in nature due to presence of key players such as Lovesac and Yogibo LLC.

Athleisure Market Size Worth $517.5 Billion By 2025

The global athleisure market size is expected to reach USD 517.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% over the forest period. Increasing adoption of fashionable active wear in corporate houses and work places is expected to be a key driver. In addition, extensive brand campaigns by apparel manufacturers through the inclusion of various media and sports celebrities have changed the perception of active wear as a fashionable wear among millennial and young customers across the globe.

Premium athleisure was the largest product segment with a market share of more than 65.0% in 2018. Major manufacturers including Adidas AG;Lululemon Athletica, Inc.; Nike, Inc.; PUMA SE; and Under Armour, Inc. are collaborating with the celebrities and launching new products in order to gain maximum customers.

For instance, in March 2016, Julianne Hough signed an agreement with MPG Sport USA for promoting athleisure collection. The company collaborated with the actress for influencing the customers with a fitness freak actress. These initiatives are expected to increase the product’s visibility among buyers over the next few years.

Asia Pacific is expected to be the fastest growing region at a CAGR of 8.8% from 2019 to 2025. Over the past few years, the industry participants have adopted marketing strategies including innovative product launches, celebrity endorsements, increasing exclusive stores, and focus on e-commerce in order to cater to the increasing demand for technological advanced products in the developing countries including China and India.

For instance, in April 2018, Adidas AG announced to close their brand stores and focus on the development of e-commerce. The company has already closed around 220 stores across the globe in 2017 and is aiming to increase the revenue generated from e-commerce. These trends are expected to boost the market growth over the forecast period.

Key players include Lululemon Athletica, Inc.; Adidas AG; Nike, Inc.; PUMA SE; Under Armour, Inc.; AJIO Company; H&M; HUMAN PERFORMANCE ENGINEERING; EYSOM, LLC; and Esprit Retail B.V. & Co. KG. Product innovation is expected to remain a critical success factor among the manufacturing firms over the next few years.

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

Further key findings from the report suggest:

  • Asia Pacific for athleisure market is expected to register the fastest CAGR of 8.8% from 2019 to 2025
  • North America was the largest market, with a share of more than 30.0% in 2018
  • Premium athleisure was the largest product segment, with a share of more than 65.0% in 2018
  • Online is expected to be the fastest growing segment at a CAGR of 8.5% from 2019 to 2025.

Baby Car Seat Market Size Worth $10.9 Billion By 2025

The global baby car seat market size is expected to reach USD 10.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. Growing awareness regarding child safety, along with the implementation of numerous government regulations in countries including France, Germany, and U.S., is driving the market. For instance, in U.S., there are laws stated by the Insurance Institute of Highway Safety for 50 states, which need to be followed for child safety.

The convertible product segment is expected to expand at the fastest CAGR of 7.1% from 2019 to 2025. It is more economical as compared to other products as it is well suited for both infants and toddlers. It provides both rear and front-facing seats for children.

Europe accounted for the largest share in 2018 and is expected to maintain its lead over the forecast period. Increasing number of government initiatives to use the product for a child of age-group between 0 to 12 years has driven the market. Asia Pacific is expected to be the fastest growing market at a CAGR of 10.4% from 2019 to 2025.

Increasing number of accidents in developing countries such as India and China has led to the rise in installation of the product. However, despite the implementation of various laws, these are not being followed by the national citizens. According to the General Administration of Quality Supervision, Inspection and Quarantine, approximately 18,500 babies die every year due to car accidents in China.

Hypermarkets and supermarkets dominated the industry, accounting for 55.6% share of the overall revenue in 2018. High penetration of these distribution channels in developed economies including U.S. and Germany, along with preference for the technical know-how about the products, has been fueling the growth of this sector.

Key producers of this industry include Dorel Industries Inc.; Goodbaby International Holdings; UPPAbaby; RENOLUX FRANCE INDUSTRY; RECARO Holding GmbH; Newell Brands; Mothercare plc; InfaSecure; Kiwi Baby; and Artsana Group. Product innovation is expected to remain one of the key strategies over the next few years.

For instance, in 2018, Goodbaby International Holdings Limited launched a convertible baby car seat, Cybex Sirona M. This product features sensor safe technology and enables the smart phone connectivity. The smart phone connectivity renders an alert to the driver if the seat is unbuckled during traveling in case of extreme cold or hot temperatures.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/baby-car-seat-market

Further key findings from the study suggest:

  • By product, the infant segment held the largest share of 32.2% in 2018
  • Online channel is expected to register the fastest CAGR of 7.1% from 2019 to 2025
  • Asia Pacific is expected register the fastest CAGR of 10.4% from 2019 to 2025
  • Europe held the largest share of more than 30.0% in 2018.

RANGE HOOD MARKET TO REFLECT TREMENDOUS GROWTH POTENTIAL WITH A CAGR OF 4.3% BY 2025

According to a recent report published by Grand View Research Inc., extensive usage of IoT devices and smart features in range hood devices, along with a rising number of food chains and hotels is accelerating the range hood market expansion.

According to a report, “Range Hood Market Size, Share & Trends Analysis Report By Product Type (Under Cabinet, Wall-mounted, Ceiling Mount), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global range hood market size is expected to reach USD 13.82 billion by 2025, registering a CAGR of 4.3%, as per a new report by Grand View Research Inc. Manufacturers are focusing on developing innovative devices according to consumer preference for smart features, including wireless connectivity, noise reduction, and installation of the optic, temperature, and infrared sensors, in the products.

Stringent regulations by governments to drive hygiene and cleanliness in commercial kitchens is augmenting the demand for market products over the forecast period. For instance, in India, Serve Safe, a nationwide initiative by the Food Safety and Standards Authority of India, ensures the safety of food. Also, the under cabinet hood product type segment has experienced substantial growth in 2018 and this can be attributed to its easy installation, affordability, and compatibility with different kitchen designs.

Ceiling hoods are expected to gain enormous traction during the forecast period, on account of the growing number of kitchen remodeling activities. The offline distribution channel segment dominated the global range hood market in 2018. However, the increasing usage of smart devices, such as mobile phones and tablets, coupled with the popularity of e-commerce platforms are expected to drive the online segment.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/range-hood-market

Range Hood Market Report Highlights

  1. Byproducts of cooking gas is often associated with aggravated asthma in kids. This has drawn greater importance of sufficient ventilation and modern kitchens are equipped with range hood to exhaust the PM2.5 particles and nitrogen dioxide
  2. Developed countries like the U.S. and Australia have showcased enormous market demand. For instance, in Australia people use high-efficiency range hoods has reduced the threat of childhood asthma caused due to gas byproducts from 12.8% to 3.4%
  3. Covid-19 pandemic has increased the importance of indoor ventilation to avoid any respiratory ailments that may lead to dispersing viral particles and ensure better hygiene. Efforts to minimize the spread of Covid-19 has fueled the market demand
  4. Companies in the cooking hood industry are focusing on developing innovative cooking technologies and products with enhanced aesthetic features such as multiple insulation layers, sound absorbing base, and filtration system motors.
  5. Ongoing R&D in Artificial Intelligence (AI) and IoT technology is disrupting the market trends. In 2018 Zephyr introduced Titan wall professional range hood  equipped with PowerWave™ blower technology that delivered advanced features such as power efficiency and a virtually silent motor
  6. Ceiling mount hood product type segment is anticipated to register the highest CAGR of 4.8% by 2025, owing to its enormous demand from kitchen appliances industry and the rising number of residential infrastructures globally
  7. Asia Pacific is estimated to showcase the highest CAGR of 5.0% by 2025 owing to the rising per capita household income, particularly in developing countries like India and China. Also, there is an increasing number of hotels and restaurants that are integrating kitchen cooking hoods and is boosting the market demand

Range Hood Market Segmentation

Grand View Research has segmented the global range hood market on the basis of product type, distribution channel, and region:

Range Hood Product Type Outlook (Revenue, USD Million, 2015 – 2025)

  • Under Cabinet
  • Wall Mounted
  • Ceiling Mount
  • Others

Range Hood Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Offline
  • Online

Range Hood Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa

List of Key Players of Range Hood Market

  1. Asko Appliances
  2. Broan, Inc.
  3. BSH Home Appliances Corp.
  4. Elica S.p.A.
  5. Faber S.p.A.
  6. Falmec S.p.A.
  7. Miele, Inc.
  8. Panasonic Corp.
  9. Samsung Electronics
  10. Whirlpool Corp.

Honey Powder Market Size Worth $1.56 Billion By 2025

The global honey powder market size is expected to reach USD 1.56 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.1% during the forecast period. Rising demand for low-calorie food ingredients with long shelf life is anticipated to drive the market.

The bakery segment accounted for the largest market share in 2018, owing to honey powder being a natural sweetener and available at low cost. Moreover, honey is naturally a low-calorie food ingredient and contains many vitamins and minerals. This makes it a great substitute for white sugar. Increasing consumer preference for low-calorie foods to combat diseases like obesity, diabetes, and heart ailments is likely to boost the product demand.

Beauty products segment is anticipated to witness the fastest growth in terms of application of honey powder in near future. Honey in its raw form acts a natural skin cleanser and softener leaving the skin fresh and glowing. These properties are retained in honey powder used in the formulation of soaps, facial masks, and body lotions. Major manufacturers are focusing on various other benefits of honey that can boost the overall production and consumption of the product.

North America held the major market share in terms of revenue in 2018, due to increasing consumer preference for low calorie products. The region accounted for more than half of the global consumption of honey powder. The population in North America is increasingly becoming health conscious and shifting its preference to low-calorie food ingredients to curb obesity and heart ailments. Honey powder being a low-cost alternative to white sugar, has increased the regional demand. Asia Pacific, on the other hand, is expected to expand at a CAGR of 5.9% over the forecast period, due to growing awareness about the benefits of honey. Moreover, many developing countries like China and India are major producers of honey. Increase in production of honey is expected to augment the regional growth over the forecast period.

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

Further key findings from the report suggest:

  • In terms of revenue,beauty products application segment is projected to ascend at a CAGR of 5.0% over the forecast years
  • Bakery application held the leading market share in 2018, due to increasing use of honey powder in making cakes and pastries
  • United States is one of the major consumers of honey powder in the world and the region is projected to hold a significant market share in the forthcoming years
  • United States, Germany, and Japan were the major importers of the product. New Zealand, Argentina, China, and India topped the list of exporters in the global honey powder market

Sports Protective Equipment Market Size Worth $12.1 Billion By 2025

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

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

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

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

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

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

Further key findings from the study suggest:

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

Moringa Products Market Worth $10.9 Billion By 2025

The global moringa products market size is expected to reach USD 10.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% over the forecast period. Growing need for nutritional supplements, improving health awareness among people, and shifting focus towards organic medication are the key factors for industry growth.

Increase in awareness among consumers regarding health benefits of moringa is one of the major reasons for the market growth. It has antifungal, antiviral, antidepressant, and anti-inflammatory properties, which are beneficial in healing various diseases. Additionally, it can be easily grown in tropical and subtropical regions with low cost, thereby resulting in increased usage of the plant in various applications. It is also one of the best products to treat malnutrition children younger than 3 years. Considering all these factors, demand for moringa is increasing in the market.

Moringa contains various healthful compounds such as vitamin A, vitamin B1, folate, calcium potassium, iron, and zinc. It is also extremely low in fats and contains no harmful cholesterol. The antibiotic and antibacterial properties of this plant may help inhibit the growth of various pathogens, and its high vitamin B content helps with digestion. Among all the vegetables, moringa is commonly used by South Indians for its flavor and delicious taste in Sambar and Curry preparation. Rising demand for the product due to its rich nutritional properties and low price is boosting the growth of this moringa products market.

Europe was the largest regional market in the year 2018 owing to growing demand for nutritional supplements. In 2018, U.S was the largest market with more than 75.0% share in North America. Rising awareness regarding organic health supplements is a major factor boosting the regional market growth. Growing trend of calorie reduction and weight management is also driving the regional market since moringa helps in reducing weight gain. Majority of the Americans prefer supplements over their daily diets. Moringa is an additional source of multivitamins, antioxidants, amino acids, and other nutrients. Due to all these health benefits, demand for this plant based product is rising among individuals, thereby boosting regional moringa products market growth.

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

Further key findings from the study suggest:

  • The leaf powder segment is projected to expand at a CAGR of 11.2% over the forecast period
  • The online distribution channel will register the highest CAGR of 11.6% through 2025
  • U.S., China, Germany, Ethiopia, and Brazil are the major countries accounting for the largest market share in their respective regions.

Sunglasses Market Size Worth $17.0 Billion By 2025

The global sunglasses market size is expected to reach USD 17.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.3% over the forecast period. The market is expected to witness significant growth due to rising consumer preference for luxury and premium sunglasses, along with increasing disposable income.

Non-polarized sunglasses accounted for the largest market share in 2018 owing to easy availability and cheap pricing. Moreover, these sunglasses are available in many dark shades, which protect the eyes from the harmful sun rays. Polarized sunglasses are anticipated to expand at the highest CAGR of 2.6% from 2019 to 2025. Apart from providing 100% protection from the UV rays, these glasses also provide clear vision as compared to non-polarized glasses. Increasing awareness concerning eye health and harmful effects of sun rays and other emissions is expected to influence the consumer purchasing decision.

Offline distribution channel dominated the market in 2018. Many brands have their personalized stores worldwide to provide customer service and increase their distribution in the market. Customer preference to try out various pairs of sunglasses before purchasing is driving the market demand in this segment. Online distribution is expected to witness accelerated growth in the forecast period as manufacturers are increasing their advertising and promotional activities via digital channels. This distribution channel allows the manufacturers to reach out to a wider audience in less cost.

Europe held the largest market share in terms of revenue in 2018 due to the presence of major players and latest fashion trends followed in this region. Asia Pacific is anticipated to witness substantial growth due to increasing penetration of major brands in this region. Changing consumer preference driven by high disposable income is another factor propelling the market growth in this region.

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

Further key findings from the report suggest:

  • In terms of revenue,online distribution channel is projected to expand at a CAGR of 2.5% over the forecast period
  • By product, the non-polarized segment dominated the market in 2018 owing to high visibility of the product in the emerging market
  • Europe held the largest sunglasses market share in 2018 owing to presence of major eyewear manufacturers in the region
  • The industry is highly competitive with a monopoly created by Luxottica Group. Various eyewear brands like Ray-Ban, Oakley, Sunglass Hut, Persol, and Vogue have been acquired by Luxottica to expand its brand portfolio in the market
  • In January 2017, Essilor, one of the major eyewear manufacturers, merged with Luxottica. This move was initiated to expand Luxottica’s brand portfolio and improve market penetration of Luxottica by leveraging Essilor’s target markets.

Dairy Products Market Size Worth $586.11 Billion By 2027

The global dairy products market size is anticipated to reach USD 586.11 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.5% from 2020 to 2027. Rising demand for dairy products and growth of the modern retail and logistics facilities are some of the major factors driving the market growth. The rising popularity of innovative dairy products, such as low-fat butter, no-sugar flavored milk, and flavored cheese, is also driving the market. However, the rise of veganism and vegan diet, especially in North America and Europe, is expected to restrict market growth.

In terms of product, milk emerged as the largest segment in 2019 as it is considered an essential source of protein and calcium that helps in bone development. Moreover, milk products, such as flavored milk and low-fat milk, have higher demand. The online distribution channel segment is likely to ascend at the fastest CAGR over the forecast period as online platforms provide a wide range of products. In addition, such channels provide many discounts and cashback offers. The rising usage of the internet and improving online connectivity are expected to drive the segment growth further.

Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2020 to 2027 due to the growing demand for cheese and yogurt in countries like China and India. The development of modern retail and logistics in these countries is also propelling the demand for dairy products. A busier lifestyle and a rising focus on health and wellness have resulted in the increased consumption of packaged dairy products. The trend is expected to grow significantly in the coming years, thereby supporting market growth. In addition, rapidly expanding e-commerce sector in the region due to increasing internet penetration and reliability is expected to boost product sales through online distribution channels.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/dairy-product-market

Further key findings from the report suggest:

  • In terms of product, the milk segment accounted for the largest revenue share of over 32% in 2019
  • Europe held the largest share of more than 31% in 2019 due to high consumption of cheese in countries including Germany, France, Italy, and Spain
  • Asia Pacific is projected to ascend at the fastest CAGR of 4.8% from 2020 to 2027 due to the rising demand for milk products in emerging economies including China, India, and Bangladesh