Port Wine Market Size Worth $825.68 million By 2025

The global port wine market size is estimated reach USD 825.68 million by 2025 expanding at a CAGR of 4.0%, according to a new report by Grand View Research, Inc. Increased consumption of alcohol, awareness about the health benefits of port wine, and rising disposable income are among the prominent factors propelling the product demand. Red wine is the most preferred by consumers. It accounts for more than 60% of the global market share.

Increasing awareness about the health benefits of red wine, such as reduced risk of heart disease, is the key factor responsible for the segment’s largest share in the market. The red wine is prepared from the grape skin and thus is rich in organic compounds and has tannins and resveratrol, which are good for health. Therefore, red wine is the dominant segment and will witness a significant growth over the years to come.

Among the different types of port wines, ruby wine is the most preferred due to its low price and easy availability. This type of wine is aged for 2 or less years thus, costs less. Tawny wine is witnessing the fastest growth as young consumers prefer quality over quantity with the factor of cost-effectiveness. The vintage wines are very rare and are aged for 10 to 40 years and are very costly.

The manufacturers conduct auctions for increasing sales and awareness about the vintage wines. The online distribution channel is expected to grow at the faster rate over the forecast period. Increasing usage of internet, hassle-free transactions, and faster delivery are the prominent factors responsible for the segment growth. Consumers in non-metro cities are also using the online platform, thus fuelling the growth of online distribution channel.

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

Further key finding from the report suggests:

Red wine type led the global port wine market due to its health benefits and taste
The maximum revenue was generated from Europe due to tradition as well as higher consumption. Moreover, most of the key product manufacturers are based in Europe
Ruby port wine is likely to lead the market in the forecasted period due to its low price and easy availability
However, the tawny segment will witness the fastest growth from 2019 to 2025 due to increasing income levels

Chocolate Confectionery Market Size Worth $154.5 Billion By 2025

The global chocolate confectionery market is anticipated to reach USD 154.5 billion by 2025, according to a new report by Grand View Research, Inc. Recent approvals of factor concentrate by regulatory bodies, favorable government initiatives and mandates, and rising adoption of prophylaxis treatment are the key factors that are driving the market growth.

The Chocolate Confectionery market growth is anticipated to increase due to favorable impact of advertising. Chocolate confectionery manufacturing companies conduct several marketing & promotional activities to increase the outreach of their products amongst their targeted end user segments. In addition, appealing packaging of products, innovative branding activities and promotional events increase the demand for chocolates amongst consumers. Gift packages with chocolates, products targeting holiday and festival seasons, “healthy snack sized” products are very popular amongst parents and children who constitute a major end user segment. Moreover, marketing strategies targeting kids is gaining momentum in this market. For instance, Ferrero India has initiated several marketing activities to promote the sales of its Kinder Joy chocolates.

The company has focussed on branding the products keeping kids as the target audience. The company has introduced the kinder toys within the chocolates and strategies such as blue chocolates and pink chocolates aimed at boys and girls respectively. In addition, the company also has conducted several marketing events. For instance, in the 2016, the company initiated an innovative platform for storytelling, namely ‘The Kinder Joy story station’ to increase brand engagement. This platform resulted in the company receiving over 2.2 million calls in three months. Such advertising and marketing strategies are bound to increase the demand for chocolate confectionery products over the forecast period.

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

Further Key Findings From the Study Suggest:

Countlines market accounted for the largest share in 2016. Countlines are patronized by the modem eat-on-the-move, modem snacking consumer with informal eating patterns.
Dark chocolate is likely to witness the fastest growth over the forecast period as it is considered a healthier option with lower calories as compared to milk and white chocolates.
Asia Pacific is anticipated to witness substantial growth over the forecast period, owing to large population base and rising disposable income in the region. In addition, several large international players are setting up local manufacturing, production & storage facilities in varied countries in this region such as India and China.
Major players of the market include, Mars, Inc., Mondelēz International, Inc., Nestlé S.A., the Ferrero Group, and The Hershey Company.

Chia Seeds Market Size Worth $4.7 Billion By 2025

The global chia seeds market size is expected to reach USD 4.7 billion by 2025 growing at a CAGR of 22.3%, According to a new report by Grand View Research, Inc. Rising demand for gluten-free products, awareness about the health benefits of chia seeds, and growing use of omega 3 in animal feed are some of the prominent factors driving the growth of this market.

Chia seeds are tiny black/white seeds of the plant Salvia hispanica widely grown in Central America. It has gained attention as an excellent source of omega-3 fatty acid. It is also used as a source of fiber and contains protein and minerals including iron, calcium, magnesium, and zinc. These factors are also likely to drive the product demand. The product are available in various forms, such as oil and milled/ground, whole, and pre-hydrated seeds. Whole chia accounted for the largest market share of 44.14% in 2018.

Asia Pacific is projected to be the fastest-growing region from 2019 to 2025 on account of increasing product consumption. India, China, and Japan are some of the leading economies driving the market growth in the region. Moreover, increasing cases of lifestyle diseases, such as diabetes, blood pressure, and asthma, in the region will boost the product demand.

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

Further key findings from the study suggest:

The milled/ground form segment is expected to account for the largest share of the global chia seeds market by 2025
However, chia oil form segment is projected to ascend at the fastest CAGR of 23.4% over the forecast years
Black chia seed type is expected to be the largest, as well as the fastest-growing, segment from 2019 to 2025
U.S., Germany, China, and Brazil are the major countries with largest markets in their respective regions

Expanded Polystyrene Market Size Worth $13.66 Billion By 2027

The global expanded polystyrene market size is projected to reach approximately USD 13.66 billion by 2027, according to a new report conducted by Grand View Research, Inc. It is expected to register a revenue-based CAGR of 4.8% during the forecast period. High number of millennials and nuclear families along with increasing disposable income is anticipated to positively impact the consumption of single use expanded polystyrene (EPS) containers provided by food outlets and takeaway stations. These factors are expected to significantly drive the EPS market.

In addition, innovation in automotive sector including light weight and fuel efficient car manufacturing is anticipated to propel to the demand for expanded polystyrene over the forecast period. The demand for EPS in packaging industry is projected to expand at a CAGR of 4.9% from 2020 to 2027. High rate of manufacturing capabilities across developing nations, rising exports, and future growth in high rate of e-commerce business are some of the factors projected to continue driving the demand for packaging products over the next nine years, which in turn is anticipated to fuel the EPS market.

The rise in inward migration in regions like Europe and North America will eventually increase the rate of residence complexes aided by employment and spending capabilities among consumers, which will surge the growth of construction sector as well as fuel the demand for expanded polystyrene over the projected period. Rising awareness regarding green building and encouragement from governments for its adoption is anticipated to fuel the demand for EPS in the forthcoming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/expanded-polystyrene-eps-market

Further key findings from the repot suggest:

Demand for EPS in North America will surge in accordance with growth in automotive and packaging sector. Mature markets such as U.S. have expanding client request, greater interest in terms of innovations, as well as implementation of designs, which is anticipated to further drive the growth
Middle East and Africa is expected to witness significant rise in demand with rising focus on exports of apparels, citrus fruits, foodstuffs, electronic equipment, and jewelry
White EPS demand will increase over the projected period as emerging markets are investing on developing manufacturing and packaging plants for global and domestic trade
Grey EPS is set to witness a CAGR of 4.5% from 2020 to 2027 in terms of revenue on account of its application in construction of residential buildings. The properties of insulation derived from graphite mixed expanded polystyrene is a key driver for its growth
Some of the key players operating in the expanded polystyrene market are BASF, SABIC, DOW chemicals, NOVA Chemicals, TOTAL SA, Versalis S.P.A., Unipol Holland BV, Ravago group, Alpek S.A.B. De Cv, Styrochem, Brodr Sunde group, Synthos SA, Sunpor Kunststoff GMBH, Kaneka Corporation, and ACH foam technologies