Laptop Backpack Market Size Worth $1.3 Billion By 2025

The global laptop backpack market size is expected to reach USD 1.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% over the forecast period. Rising consumer needs for technical gadgets in the workplace as well as educational institutes have created demand for backpack to provide protection from scratches, water damage, moisture, and heat. Manufacturers are increasing spending on new product developments to fulfill consumer growing demand. For instance, in July 2016, Samsonite IP Holdings S.AR.L launched protective laptop backpacks for professionals and school students.

The student application segment is expected to witness the fastest growth in the forecast period. Smart laptop backpacks in new color designs is gaining popularity among students as a result of new product launches by manufacturing companies in e-commerce portals. For instance, in August 2018, India based company, Portronics.com launched smart laptop backpack under their existing Elements series. Furthermore, increased use of laptops among students in developed economies including U.K. and Germany is expected to have a positive impact on the Laptop Backpack market growth.

Online distribution channel is expected to be the fastest growing channel, expanding at a CAGR of 4.7% from 2019 to 2025. These channels have gained popularity as they offer products on high discounts, which attract consumers to prefer this channel. Growing penetration of smartphones in developing countries including China, India, Mexico, Brazil and South Korea is expected to promote the access of online retailers in the near future.

Asia Pacific held the largest share in 2018 and is expected to register the fastest CAGR of 4.5% from 2019 to 2025. Expansion of the middle class population in developing countries such as China and India, coupled with requirement of technical gadgets at schools, colleges, and workplaces, is expected to remain a key factor driving the market. Furthermore, positive outlook towards the laptop and tablets industry in countries including China, India, and Australia as a result of increasing number of corporate companies and educational institutes is expected to open new avenues over the next few years.

Key laptop bag manufacturers include Nike, Inc.; Kensington Computer Products Group; Samsonite International S.A.; WINPARD; The Targus Corporation; Adidas AG; Belkin International, Inc.; Li-Ning Co., Ltd.; Samsonite International S.A.; and Tumi Holdings, Inc. Companies are working on developing new products, which will provide better convenience to the consumers.

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

Further key findings from the report suggest:

The business application segment generated a revenue of USD 531.2 million in 2018 owing to predominant use of laptops among working class professionals
Online channel is projected to ascend at a CAGR of 4.7% from 2019 to 2025
Asia Pacific is expected to expand at the fastest CAGR of 4.5% from 2019 to 2025
U.S. is projected to generate a revenue of exceeding USD 240 million by the end of 2025
New product development is expected to remain a key strategy among the industry participants.

Aqua Gym Equipment Market Size Worth $722.3 Million By 2025

The global aqua gym equipment market size is expected to reach USD 722.3 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.01% during the forecast period. Growing consumer awareness regarding healthy lifestyle and physical appearances.

Rising pressure of hectic lifestyles among leads to serious health conditions such as high or low blood pressure, diabetes, and obesity to name a few. Aqua gym can reduce these problems as the workouts help reduce tension and also serve as a relaxing activity. Water gym also provides resistance as people move through it, which allows to work out vigorously with little chance of injury. Elderly prefer water fitness due to less probability of injuries. The exercise also helps cure hip and knee joint problems, especially among geriatric population.

Strength training aqua gym equipment category is expected to register the fastest CAGR of 6.24% from 2015 to 2025. The major reason people prefer aqua gym is its quick strength gaining procedures. It helps the muscles to get a rigid workout. It has been observed that 12 weeks of regular water gym training can provide significant gains in agility, strength, and flexibility. The quick fitness process associated with strength training is expected to drive growth of the global market.

North America is the largest market for aqua gym equipment. In 2018, it accounted for more than 40% of the global market. Gradually increasing health consciousness among a large number of U.S. population is anticipated to bode well for regional growth. Sales of floating fitness mats and water cycling has increased due to rising customers across the country. As per a New York based aqua fitness company AQUASTUDIO, aqua cycling has the ability to burn up to 600 calories in one hour.

The aqua gym equipment market is competitive in nature with the presence of many small and large players. Some of the major companies are PlayCore, Inc.; AquaJogger; Acquapole sas; TEXAS REC; Hydro Fit Inc.; BECO-Beermann GmbH & Co. KG; Be Aqua Pte Ltd; Aqua Gear Inc.; HydroWorx International, Inc.; and others. Equipment manufacturers are working on product innovation and development to attract more customers. Weight loss product manufacturer VACUACTIVUS has launched five aqua weight loss equipment to get aqua gym customer base in the market.

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

Further key findings from the report suggest:

In terms of revenue, strength training equipment is projected to ascend at a CAGR of 6.24% from 2019 to 2025
Cardiovascular equipment held the leading market share of 60.45% in 2018
North America led with 40.1% share of the global aqua gym equipment market in 2018
Asia Pacific is anticipated to witness significant growth with increasing disposable income in India, South Korea, China, and Japan
Key market players include PlayCore, Inc.; AquaJogger; Acquapole sas; TEXAS REC; Hydro Fit Inc.; BECO-Beermann GmbH & Co. KG; Be Aqua Pte Ltd; Aqua Gear Inc.; and HydroWorx International, Inc.
The market is highly competitive in nature. Manufacturers are concentrating on new product launches and technological innovation to estimate existing and future demand patterns from upcoming market.

Tofu Market Size Worth $3.28 Billion By 2025

The global tofu market size is expected to reach USD 3.28 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.2% during the forecast period. Rising adoption of vegan diet owing to awareness regarding the advantages of plant-based foods among consumers from developed economies including U.S. and Germany is expected to remain a key growth driver. Furthermore, increasing number of people suffering from lactose intolerance and glutamic disorders is projected to play a key role in increasing the importance of dairy alternatives including tofu.

Tofu products are consumed as functional foods as they contain isoflavones which help lower the risk of breast cancer and cardiovascular diseases. Furthermore, the product is a rich source of iron, calcium, phosphorous, zinc, sodium, potassium, and magnesium among others. Therefore, tofu is expected to gain market penetration among health conscious consumers including gym and sports enthusiasts.

Supermarkets and hypermarkets distribution channel held a market share of 56.5% in 2018. These channels allow consumers to choose the products type and quantity as per their requirements. Due to less operating and selling overheads, the buyers benefit on account of less prices. Majority of supermarkets also provide quality assurance in terms of the choice of physical verification of the product before making the purchase decision. The convenience of buying due to the availability of a large number of products at a single selling platform attracts buyers to opt for these channels.

Online distribution channel is expected to be the fastest growing category on account of rising consumer preference due to the ease of product comparison and doorstep delivery service. Some of the key online retailers of operating in the tofu market include Amazon, AliExpress, and Grofers among others.

In 2018, Asia Pacific held the leading market share of 56.3%. Growing awareness regarding healthy products among consumers from developing countries such as China and India is expected to boost the market growth. Japan is one of the largest tofu consumers in the region. Over the past few years, some of the manufacturers from North America and Europe have started their strategic business units in Japan to tap increased buyers base.

Key market participants include Invigorate Foods; Hugli Holding Company; Hain Celestial; Pulmuone Co., Ltd; House Foods Group Inc.; San Jose Tofu; Tofurky; The Nisshin Oillio Group, Ltd.; and Eden Foods. Companies are adopting mergers and acquisitions strategy to expand their market share. For instance, in January 2018, Keystone Natural Holdings LLC acquired Canada based Superior Tofu Ltd.

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

Further key findings from the report suggest:

Online segment of the tofu market is expected to expand at a CAGR of 7.8% from 2019 to 2025
Specialty stores generated a revenue of USD 187.6 million in 2018
North America is expected to witness the fastest CAGR of 6.1% from 2019 to 2025