Tag: Traditional

Fish Sauce Market Size Worth $19.50 Billion By 2025

The global fish sauce market size is expected to reach USD 19.50 billion by 2025 registering a CAGR of 3.51%, according to a new report by Grand View Research, Inc. Fish sauce contains numerous vital nutrients and minerals including iodine and vitamins A & D. Rising cases of thyroid problems and related diseases have led to an increased demand across the globe, thereby augmenting market growth.

Fish sauce is widely used as a substitute for soy sauce in many countries as it has a numerous health benefits. It is also used as an ingredient for casseroles and soups, which is propelling its demand further. In addition, manufacturers are using natural fermentation processes by using anchovies and sea salt to retain the product’s nutritional value. This is likely to contribute to the market growth.

Fish sauce is a staple ingredient in many cuisines, which is also expected to spur the demand in future. Moreover, print and media advertisements have played a big role in creating awareness about the product, thereby supporting the overall market growth. U.S. being the largest consumer, North America is expected to be the dominant regional market over the forecast period. The market in Central & South America is projected to register the fastest CAGR of 3.8% from 2019 to 2025.

Some of the key companies in the global market are Teo Tak Seng Fish-Sauce Factory Co. Ltd, Pichai Fish Sauce Co., Masan Consumer Corporation, Rayong Fish Sauce Industry Co., Ltd., Shantou Fish Sauce Factory Co., TANG SANG HAH CO., Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd., Fish Sauce Co., Ltd., Halcyon Proteins Pty. Ltd., and Hung Thanh Co. Ltd.

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

Further key findings from the study suggest:

  • Traditional fish sauce is projected to be the fastest-growing, as well as the largest, product type segment over the forecast years
  • The restaurants application segment is likely to lead the global market expanding at the fastest CAGR of 3.6% from 2019 to 205
  • North America led the global fish sauce market in 2018 and accounted for a market share of 45%. The region is estimated to grow further at a steady CAGR during the forecast years
  • Key companies in the market focus on new product development and capacity and portfolio expansion to estimate existing and future demand patterns from upcoming application segments

Ceramics Market Size Worth $407.72 Billion By 2025

The global ceramics market size is expected to reach USD 407.72 billion by 2025, according to a new report by Grand View Research, Inc. Advancement in 3D printing technology coupled with its rising application in dental implants is anticipated to drive the ceramics industry market growth.

Emergence of 3D printing or additive manufacturing is the new prominence application area for advanced product segment of ceramics. The rising use of the technology in dental implants is anticipated to trigger the market growth for advanced ceramic materials such as alumina and zirconium. Alumina is anticipated to dominate the marketspace due to its excellent structural properties and compatibility with human tissues.

Soda ash, kaolin, clay, silica, and sand are key raw materials used in manufacturing of traditional ceramics. Raw materials and energy are the two largest elements in cost structure of ceramics manufacturing process. Raw materials constitute 22% of cost structure in ceramic production closely followed by energy, which accounts for 21%. Labor and overhead costs constitute 16% and 13%, respectively. Other costs include transport, distribution, and depreciation, which account for 28%.

However, rising scrutiny over energy usage and limiting carbon dioxide emission is forcing the vendors of the market to opt for sustainable energy sources. In addition, securing an inexpensive fuel supply in a volatile natural gas market is an important criterion for a company’s sustainability and competitiveness in the industry. On account of the unpredictable nature of natural gas prices, smaller companies primarily focus on looking into alternative fuel options or alternative technologies to manufacture ceramics.

Over the last few years, there has been significant increase in the use of ceramic materials for manufacturing implant devices. Superior properties of alumina and zirconium based ceramics such as toughness and strength together with low wear rates and bio-inert properties is projected to augment their demand in applications such as femoral heads for total hip replacements over the coming years.

Key players such as AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation are focusing on vigorous expansion strategies. These companies have either formed mergers or acquired regional vendors as part of their strategy to enhance their global footprint.

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

Further key findings from the report suggest:

  • In terms of revenue, traditional product held highest market share of 59.6% in 2018. The growth in this segment is attributed to increasing demand for manufacturing of tiles, bricks, and sanitary ware.
  • In terms of revenue, advanced product segment is projected to grow at CAGR of 9.1% over the forecast period. Rising popularity of the product in biomedical application is anticipated to boost the segment growth.
  • In terms of revenue, tiles application segment is projected to dominate the global industry. Rising prominence of premium tiles in luxurious projects is the key driver for the segment growth.
  • Asia Pacific was leading region with revenue share of 39.6% in 2018. The growth of the region is attributed to expansion of end-use industries in India and China.
  • In terms of revenue, North America region is projected to grow at a CAGR of 8.5% from 2019 to 2025.
  • Some of the key players present in the market are AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation. Vendors of the industry are focusing on customize services for applications such as bio ceramics, electronic devices, and many more.

Chocolate Market Size Worth $187.08 Billion By 2027

The global chocolate market size is expected to reach USD 187.08 billion by 2027, expanding at a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness about health benefits of chocolate among consumers as a result of increased number of advertising campaigns on social websites and satellite television channels is expected to have a positive impact on the market growth. Chocolates are associated as the token of appreciation, love, happiness, and celebration owing to which increasing number of consumers are gifting such confectioneries on special occasions, including Thanksgiving, Easter, and Christmas.

Fluctuating price of raw material is a key factor influencing the cost of production of the chocolate industry, thereby influencing the profitability of the manufacturers. The cocoa plantation requires specific weather conditions. Cocoa is a sensitive plant that grows in the tropical climate and needs proper vegetation shades to yield better quality seeds owing to which its planation is concentrated in West Africa.

Traditional chocolate held the largest share of 99.4% in 2019. Artificial products are expected to expand at the highest CAGR of 11.9% from 2020 to 2027. Carob bars are similar to chocolate bars in terms of the number of calories, fat, cholesterol, and carbohydrates. The absence of caffeine is a factor that makes it different from cocoa, which makes it suitable for people sensitive or intolerant to caffeine. Carob is also naturally sweet and hence requires a low amount of sugar for preparing the final product.

Europe held a leading share of 39.8% in 2019. Growing consumption of dark chocolate owing to associated health benefits is a main factor fueling the chocolate market growth in the region. Middle East and Africa is expected to witness the fastest growth owing to increasing number of specialty retail stores in countries, such as UAE and South Africa.

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

Further key findings from the report suggest:

  • By product, the artificial segment is expected to expand at the highest CAGR of 11.9% from 2020 to 2027. Growing importance of carob as a healthy alternative to cocoa-based chocolate is expected to remain a key factor for the segment growth over the next few years
  • In terms of distribution channel, the supermarket and hypermarket segment accounted for the largest share of more than 65% in 2019. This is attributed to high product visibility, coupled with, increasing number of department and specialty stores in emerging economies, such as China and India
  • Online distribution channel is expected to register the fastest CAGR of 5.6% from 2020 to 2027. This is attributed to increased importance of such channels for providing extra-convenience features, including doorstep delivery and coupon benefits
  • Europe held the largest share of 39.8% in 2019. Growing popularity of dark chocolate among consumers in developed countries, including Germany, U.K., and France, is expected to be a major factor contributing to the regional market growth.

Ceramics Market Size Worth $407.72 Billion By 2025

The global ceramics market size is expected to reach USD 407.72 billion by 2025, according to a new report by Grand View Research, Inc. Advancement in 3D printing technology coupled with its rising application in dental implants is anticipated to drive the ceramics industry market growth.

Emergence of 3D printing or additive manufacturing is the new prominence application area for advanced product segment of ceramics. The rising use of the technology in dental implants is anticipated to trigger the market growth for advanced ceramic materials such as alumina and zirconium. Alumina is anticipated to dominate the market space due to its excellent structural properties and compatibility with human tissues.

Soda ash, kaolin, clay, silica, and sand are key raw materials used in manufacturing of traditional ceramics. Raw materials and energy are the two largest elements in cost structure of ceramics manufacturing process. Raw materials constitute 22% of cost structure in ceramic production closely followed by energy, which accounts for 21%. Labor and overhead costs constitute 16% and 13%, respectively. Other costs include transport, distribution, and depreciation, which account for 28%.

However, rising scrutiny over energy usage and limiting carbon dioxide emission is forcing the vendors of the market to opt for sustainable energy sources. In addition, securing an inexpensive fuel supply in a volatile natural gas market is an important criterion for a company’s sustainability and competitiveness in the industry. On account of the unpredictable nature of natural gas prices, smaller companies primarily focus on looking into alternative fuel options or alternative technologies to manufacture ceramics.

Over the last few years, there has been significant increase in the use of ceramic materials for manufacturing implant devices. Superior properties of alumina and zirconium based ceramics such as toughness and strength together with low wear rates and bio-inert properties is projected to augment their demand in applications such as femoral heads for total hip replacements over the coming years.

Key players such as AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation are focusing on vigorous expansion strategies. These companies have either formed mergers or acquired regional vendors as part of their strategy to enhance their global footprint.

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

Further key findings from the report suggest:

  • In terms of revenue, traditional product held highest market share of 59.6% in 2018. The growth in this segment is attributed to increasing demand for manufacturing of tiles, bricks, and sanitary ware.
  • In terms of revenue, advanced product segment is projected to grow at CAGR of 9.1% over the forecast period. Rising popularity of the product in biomedical application is anticipated to boost the segment growth.
  • In terms of revenue, tiles application segment is projected to dominate the global industry. Rising prominence of premium tiles in luxurious projects is the key driver for the segment growth.
  • Asia Pacific was leading region with revenue share of 39.6% in 2018. The growth of the region is attributed to expansion of end-use industries in India and China.
  • In terms of revenue, North America region is projected to grow at a CAGR of 8.5% from 2019 to 2025.
  • Some of the key players present in the market are AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation. Vendors of the industry are focusing on customize services for applications such as bio ceramics, electronic devices, and many more.

Chocolate Market Size Worth $187.08 Billion By 2027

The global chocolate market size is expected to reach USD 187.08 billion by 2027, expanding at a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness about health benefits of chocolate among consumers as a result of increased number of advertising campaigns on social websites and satellite television channels is expected to have a positive impact on the market growth. Chocolates are associated as the token of appreciation, love, happiness, and celebration owing to which increasing number of consumers are gifting such confectioneries on special occasions, including Thanksgiving, Easter, and Christmas.

Fluctuating price of raw material is a key factor influencing the cost of production of the chocolate industry, thereby influencing the profitability of the manufacturers. The cocoa plantation requires specific weather conditions. Cocoa is a sensitive plant that grows in the tropical climate and needs proper vegetation shades to yield better quality seeds owing to which its planation is concentrated in West Africa.

Traditional chocolate held the largest share of 99.4% in 2019. Artificial products are expected to expand at the highest CAGR of 11.9% from 2020 to 2027. Carob bars are similar to chocolate bars in terms of the number of calories, fat, cholesterol, and carbohydrates. The absence of caffeine is a factor that makes it different from cocoa, which makes it suitable for people sensitive or intolerant to caffeine. Carob is also naturally sweet and hence requires a low amount of sugar for preparing the final product.

Europe held a leading share of 39.8% in 2019. Growing consumption of dark chocolate owing to associated health benefits is a main factor fueling the chocolate market growth in the region. Middle East and Africa is expected to witness the fastest growth owing to increasing number of specialty retail stores in countries, such as UAE and South Africa.

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

Further key findings from the report suggest:

  • By product, the artificial segment is expected to expand at the highest CAGR of 11.9% from 2020 to 2027. Growing importance of carob as a healthy alternative to cocoa-based chocolate is expected to remain a key factor for the segment growth over the next few years
  • In terms of distribution channel, the supermarket and hypermarket segment accounted for the largest share of more than 65% in 2019. This is attributed to high product visibility, coupled with, increasing number of department and specialty stores in emerging economies, such as China and India
  • Online distribution channel is expected to register the fastest CAGR of 5.6% from 2020 to 2027. This is attributed to increased importance of such channels for providing extra-convenience features, including doorstep delivery and coupon benefits
  • Europe held the largest share of 39.8% in 2019. Growing popularity of dark chocolate among consumers in developed countries, including Germany, U.K., and France, is expected to be a major factor contributing to the regional market growth.

Fish Sauce Market Size Worth $19.50 Billion By 2025

The global fish sauce market size is expected to reach USD 19.50 billion by 2025 registering a CAGR of 3.51%, according to a new report by Grand View Research, Inc. Fish sauce contains numerous vital nutrients and minerals including iodine and vitamins A & D. Rising cases of thyroid problems and related diseases have led to an increased demand across the globe, thereby augmenting market growth.

Fish sauce is widely used as a substitute for soy sauce in many countries as it has a numerous health benefits. It is also used as an ingredient for casseroles and soups, which is propelling its demand further. In addition, manufacturers are using natural fermentation processes by using anchovies and sea salt to retain the product’s nutritional value. This is likely to contribute to the market growth.

Fish sauce is a staple ingredient in many cuisines, which is also expected to spur the demand in future. Moreover, print and media advertisements have played a big role in creating awareness about the product, thereby supporting the overall market growth. U.S. being the largest consumer, North America is expected to be the dominant regional market over the forecast period. The market in Central & South America is projected to register the fastest CAGR of 3.8% from 2019 to 2025.

Some of the key companies in the global market are Teo Tak Seng Fish-Sauce Factory Co. Ltd, Pichai Fish Sauce Co., Masan Consumer Corporation, Rayong Fish Sauce Industry Co., Ltd., Shantou Fish Sauce Factory Co., TANG SANG HAH CO., Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd., Fish Sauce Co., Ltd., Halcyon Proteins Pty. Ltd., and Hung Thanh Co. Ltd.

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

Further key findings from the study suggest:

  • Traditional fish sauce is projected to be the fastest-growing, as well as the largest, product type segment over the forecast years
  • The restaurants application segment is likely to lead the global market expanding at the fastest CAGR of 3.6% from 2019 to 205
  • North America led the global fish sauce market in 2018 and accounted for a market share of 45%. The region is estimated to grow further at a steady CAGR during the forecast years
  • Key companies in the market focus on new product development and capacity and portfolio expansion to estimate existing and future demand patterns from upcoming application segments