Cruelty-Free Cosmetics Market Share, Popular Trends, Technological Developments To Watch Out For Near Future

Market Scope

Market Research Future (MRFR) expects the Cruelty-Free Cosmetics Market Share to touch USD 10 billion by 2027. The market size shall expand at a pace of 6.0% from 2020 to 2027.

Major Drivers and Challenges

Consumers across the globe are growing aware about the impact left by their buying habits on the environment and society. They are more conscious when it comes to selecting cosmetics and the raw materials as well as the source origin of these items. Numerous laws and acts are being passed to ensure that brands do not carry out testing on animals. One such act is the Cruelty-Free Cosmetics Act that was introduced by the Physicians Committee for Responsible Medicine, a US-based non-profit research & advocacy organization. The law was signed by the government of California, which made it unlawful for the brands to sell cosmetics in the state that has been tested on animals, post January 1, 2020.

Since the COVID-19 outbreak, the eCommerce sector now has several cruelty-free cosmetic products within the cosmetics segment. Ecommerce has become quite indispensable to the cosmetics market, especially since the pandemic. Physical stores are no longer the first choice of the consumers following the lockdown, but the e-commerce sector has ensured steady sales worldwide.

Companies are progressively joining hands with celebrities to endorse their products, while spending considerably on advertisements to garner the consumers’ attention. Social media platforms like YouTube and Instagram are emerging as major influencers, helping consumers grow aware about the benefits of cruelty-free products.

Market Segmentation

The Cruelty-Free Cosmetics Market Share can be considered for product type, form, and distribution channel.

The product types listed are haircare products, skincare products, perfume & fragrance, makeup & color cosmetics, and others. The lead has been taken by the makeup & color cosmetics segment, and it is expected that it will also procure the fastest growth rate in the years ahead.

Form-wise, the segments are gel, cream, powder, liquid, and others.

The distribution channels are store-based as well as non-store-based.

Regional Study 

The Vegan Cosmetics industry has been geographically divided with respect to Asia Pacific/APAC, Americas, Europe and rest of the world or RoW.

The North American market has been performing tremendously and has taken the lead among all the regions, thanks to the booming sales of Vegan Cosmetics in the US and Canada. The fast- emerging veganism trend has raised the demand for products that have not been tested on animals. Many of the multinationals in the region are focused on boosting their sales as well as distribution channels for more product visibility and higher profit margins. Specialty stores are quite popular in the region, given that these channels offer consumers the ease of choosing from different products and eve compare between the available brands. Stores like Bloomingdale are placing premium Vegan Cosmetics alongside their luxury clothing ranges. Moreover, departmental stores and spas are bolstering their services to include cruelty-free cosmetics, which should further enhance the market size over the ensuing years.

The European market should soar at a decent pace over the forecast period, with consumers increasingly opting for natural and organic cosmetics. Presence of strict laws imposed by the government, banning the practise of testing on animals also pressure cosmetic brands to introduce cruelty-free products.  

In the APAC market, Japan and China are experiencing stunning growth, considering the high popularity of supermarkets and departmental stores selling a variety of cruelty free, vegan cosmetic products. The Vegan Cosmetics that generate the highest demand in the region include skincare, color cosmetics, and hair care.

Leading Contenders

Smashbox Beauty Cosmetics, Inc. (US), Kosé Corporation (Japan), Aveda Corporation (US), Lush Group (UK), Urban Decay (L’Oréal S.A.) (US), e.l.f. Cosmetics, Inc. (US), Natura (Brasil) International B.V. (Brazil), INIKA Organic (Australia), PHB Ethical Beauty Ltd (UK), Kendo Holdings, Inc. (US), Yes To, Inc. (US), Physicians Formula Holdings, Inc. (US), Avalon Natural Products, Inc. (US), Plum Goodness (India), Too Faced Cosmetics, LLC (US), are listed in the report as the leading brands in the vegan cosmetics manufacturers.

Latest News

March 2021

Hourglass Cosmetics, a cruelty-free luxury brand, has introduced Confession Refillable Lipstick Red 0, a red shade of lipstick that contains vegan carmine. The cruelty-free firm teamed up with Unilever, its parent company, for three years to come up with carmine’s vegan alternative. Generally, carmine is created by crushing the bodies of several cochineal beetles, requiring killing of close to 70,000 bugs to make roughly one pound. However, Hourglass’ commitment to the vegan trend compels the developers to find replacements for carmine, lanolin and beeswax, without hurting any living organisms.

May 2021

TRESemmé is now a cruelty-free cosmetic brand, with the status attained from PETA. It is now the 24th personal care and beauty brand of Unilever with the cruelty-free status. From January 2022, the brand’s bottles will have PETA’s certification of cruelty-free of its Beauty Without Bunnies Program.

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Agricultural Inoculants Industry Growth Factors, Applications, Regional Analysis, Top Key Players and Segments by 2030

Market Overview

Market Research Future (MRFR) findings on the Global Agricultural Inoculants Industry reveals different factors that can impact the market across the review period 2017-2023. The Global Agricultural Inoculants Market can thrive at 9.5% CAGR in the forecast period. The preference for organic foods is rising significantly, influencing their demand. This is anticipated to drive the agriculture inoculant market in the years to come.  In addition, high investment in the identification of organic molecules and the development of cost-effective right formulation to enhance plant metabolism performance in a short span can support the expansion of the Agricultural Inoculants Market across the study period. The high traction of agricultural inoculants due to their benefits, such as better crop yield, improved nutrient efficiency by minimizing loss and refining nutrient uptake can support the expansion of the agriculture inoculant market across the analysis period.

Market Segment Analysis

The segment assessment of the Agricultural Inoculants Industry is done by crop type, source, and application.

The type based segments of the agriculture inoculants market are oilseed & pulses, cereals & grains, and fruits & vegetables among others. The surge in demand cereals and grains can drive their cultivation across developing and developed economies. This is expected to support the expansion of the agriculture inoculant market through the review period. The cereals and grains segment can earn high turnover for the global market in the years to come.

The source based segment of the agriculture inoculants market are bacterial, and fungal among others. The Bacterial inoculants can significantly boost agronomic efficiency as they are likely to curb environmental pollution. This is accepted to support the market. The affordable production costs of bacterial inoculants can also impact the expansion of the market in the years to come. The hazardous effect of chemical fertilizers can made negligible by efficient inoculants.

The application based segments of the agriculture inoculants market are soil inoculation, and seed inoculation among others. The soil inoculation segment can earn high profits for the global market.

Regional Analysis

The Agricultural Inoculants Industry are studied across North America, EU, and APAC. North America agriculture inoculants market can experience gradual surge in its value across the study period, states MRFR regional findings. The Agricultural Inoculants Market expansion is attributed to the expansion of population base, resulting in escalation of demand for enhanced agricultural products. There are different players that are actively focused on research & developments projects of enhance agricultural solutions. These are creating the need for agricultural inoculants across the analysis period. The presence of North American regulations conforming of agricultural inoculants practise can also support the regional market. EU agricultural inoculant market is observed to hold a huge growth potential and can thrive in the years to come. The rise in agricultural inoculant market can be driven due to increase in per hectare yield as the regional population surges, leading to rise in demand for food. In Asia Pacific, the increase in the consumption of grains and cereals across the rising populace can impact the expansion of the regional market. In addition, the surge of the e-commerce business can support the expansion of the agriculture inoculant market in the years to come.

Key Players

Italpollina Usa, Inc. (US), DuPont de Nemours, Inc. (US), BASF SE (Germany), MBFi (South Africa), Bayer CropScience (Germany), Novozymes A/S (Denmark), Soil Technologies Corporation (US), GreenMax AgroTech (India), Advanced Biological Marketing Inc. (US), BRETTYOUNG (Canada), Queensland Agricultural Seeds (Australia), Precision Laboratories, LLC (US), XiteBio Technologies Inc. (Canada), and Verdesian Life Sciences, LLC (US).

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Agarwood Essential Oil Market Share, Growth Rate, Opportunities & Forecast To 2030

Global Agarwood Essential Oil Market

According to a recent report by Market Research Future (MRFR), the global Agarwood Essential Oil Market Share is anticipated to register a 5.92% CAGR  to reach USD 201.03 Million by 2025.

The growth of the global market for agarwood essential oil is fuelled by the cultural, religious, and traditional importance of the essential oil. furthermore, the rising application of agarwood essential oil in industries such as aromatherapy and personal care is likely to fuel the growth of the market. Also, the increasing demand for organic and natural cosmetics is estimated to create a vast scope of profitable opportunities for the manufacturers of agarwood oil over the review period.

The global Agarwood Essential Oil Market is probable to register significant growth during the forecast period. Owing to the pleasing aroma of agar oil, the use of agar oil is growing in various industries, especially cosmetic, personal care, and pharmaceuticals. Agarwood oil is used in the manufacturing of cosmetics, incense sticks, perfumes, soaps, and a variety of modern and traditional medicines. Thus, the rising industrial application of essential agarwood oil is driving the growth of the market. on the other hand, the widening supply-demand gap of essential agarwood oil is a major factor hindering  the growth of the global Agarwood Essential Oil Market.  

Key Players

The major market players identified in the global Agarwood Essential Oil Market are Amarnath Exports (India), Assam Aromas (India),Eden Botanicals (US), Hoang Giang Agarwood Company (Vietnam), Janvi Herbs (India), K.A.B. Industries (India), Maruti Natural Fragrances (India), MJI Group (India), Shiv Sales Corporation (India), and Treedom Oud (Thailand).

Segmental Analysis

The market is segmented on the basis of category, and application.

The categories of agarwood essential oils analysis are conventional and organic. The organic segment of agarwood essential oils market is accounted for the larger market share owing to the growing consumer preference and popularity of organic products leading to augmented demand for organic essential oils over the review period.

The applications of agarwood essential oils are aromatherapy, air care, personal care, and pharmaceuticals. The personal care segment is anticipated to have the largest growth, registering a considerable CAGR to reach a valuation of USD 103.30 million by the end of the review period. The dominant market share of the  personal care segment is attributed to the increasing demand for agarwood oil globally as a major ingredient in fragrant soaps and perfumes. Moreover, the aromatherapy segment is assessed as the fastest-growing segment during the forecast period.  

Regional Analysis

Based on the region, the global Agarwood Essential Oil Market Share is segmented into Europe, North America, Asia Pacific, and the rest of the world.

The Asia Pacific accounts for the largest market share of the global agarwood essential oils market. This can be attributed to the plantation and availability of agarwood trees in the region, especially in Southeast Asian countries. The region is expected to attract foreign investment and partnerships in order to enhance international trade and consequently fuel the market growth over the review period.

Europe is a significant region in the global Agarwood Essential Oil Market and accounts for a significant market share over the review period.  The region is also expected to offer a vast scope of lucrative opportunities to manufacturers over the review period, owing to the rising demand for luxury perfumes and cosmetics.

 North America is one of the major regions in the global agarwood essential oils market and is expected to acquire a substantial market valuation over the review period at a striking CAGR. This is attributed o the higher demand of aromatherapy in the region, owing to the rising prevalence of mental health disorders such as stress, anxiety, and depression among the working and younger population. Moreover, the high per capita income of consumers has increased the demand for luxury personal care and cosmetic products. The US is expected to grow as the most signifant contributor in North America during the forecast period.

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Aquatic Herbicides Application Industry Size, Share, Forecast and Business Opportunities by 2030

Aquatic herbicides are pesticides developed to eliminate weeds in ponds or other similar aquatic environment. It can kill pond weeds, lake weeds, and pond algae. It can come in granular or liquid forms. Aquatic herbicides can ensure the growth of plants and foster the growth of aquatic flora and fauna. The global Aquatic Herbicides application Industry report by Market Research Future (MRFR) asserts the various factors, opportunities, and drawbacks for the period between 2019 and 2024 (forecast period).

Market Outlook

The global Aquatic Herbicides Market size can touch USD 721.1 million by 2024 while exhibiting a CAGR of 6.4% during the forecast period. The rising trend of aquaculture is expected to drive the market growth exponentially. Government approval granted to citizens to foster fishes can bode well for the market. According to the U.S. Environmental Protection Agency (EPA), only 13 out of 300 herbicides have been granted approval for commercialization.

Large number of man-made reservoirs, construction of farm ponds for storage and distribution of water, and rise of fishery are notable factors driving the global Aquatic Herbicides Market growth. Moreover, methods developed by scientists in altering the aquatic environment to prevent the growth of weeds can augur favorably for the market.

But long response times of these fertilizers and negative public perception can pose challenges to the market growth.

Segmentation Analysis

The global Aquatic Herbicides Market is segmented based on type, mode of application, mode of action, and application.

The global market for aquatic herbicide, by type is segmented into Imazapyr, 2-4-D, glyphosate, and others. Glyphosate aquatic herbicide can command the market’s leading position till 2024 owing to its high effectiveness and easy application.

The market, by mode of application, is segmented into foliar and submerged. Foliar sprays are presumed to gain the lead in the market due to its high demand and ease in application.

By mode of action, it is divided into selective and non-selective. Non-selective herbicides attack indiscriminately on all plants in the aquatic environment, while the selective herbicides segment can be selective in its targets and protect other living entities. Among the two, selective herbicides are projected to dominate the global Aquatic Herbicides application Industry till 2024.

Based on application, the market is segmented into recreational waters, agricultural waters, and fisheries. Agricultural waters will be the biggest application owing to government approval and subsidies given to farmers to faster cultivation of aquatic ecosystems.

Competitive Outlook

Lonza Group Ltd, Sanco Industries, Inc, Nufarm Ltd, Land O’Lakes Inc, The Dow Chemical Company, UPL INDIA LTD, Valent BioSciences LLC, Aquacide Company, Albaugh LLC, Monsanto Company, Syngenta AG, BASF SE, SOLitude Lake Management, SePRO Corporation, Alligare, and others are reputed companies currently operating in the global Aquatic Herbicides application Industry.

Regional Analysis

North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are major regions in the global Aquatic Herbicides Market.

North America is expected to dominate the global market till 2024 owing to the adoption of integrated weed management systems. Rising awareness about rising environmental concerns and use of herbicides in farming can create a market demand for herbicides. Lower cost of weed management is an added bonus which can bolster the market demand till the end of the forecast period.

The APAC region is projected to display an exemplary growth rate during the forecast period owing to the massive demand for glyphosate from Australia and New Zealand. In addition, the rise in farming activities in China and India can provide a notable boost in demand of aquatic herbicides.

The RoW can command a significant market share owing to countries in the Middle East pledging to conserve water bodies existing in the aquatic ecosystem.

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Chitosan Market Size To Make Huge Impact In Near Future Basic Influencing Factors Driving The Industry

As per the analysis reports, the global Chitosan Market Size is estimated to thrive at a healthy CAGR of over 7.1% during the review timeframe. The report further predicts that the market will acquire over USD 7.35 billion by 2024.

Chitosan refers to a linear polysaccharide, and it is obtained by treating the chitin shells of shrimp and other crustaceans using an alkaline substance, such as sodium hydroxide. The global Chitosan Market has registered enormous growth in the last few years. The market’s growth is primarily attributed to the increasing demand from the cosmetics and personal care industries across the globe. Furthermore, the factors such as increasing scope for application in wastewater treatment, wide use of chitosan in food products & beverages, and growing adoption in agriculture industries are also projected to boost the demand for the market over the coming years. on the other hand, the abundant availability of raw materials and high production cost is projected to have an adverse impact on the market’s growth.

Segment Analysis

The global Chitosan Market has been fragmented into several segments based on source, application, and region.

Based on the source, the Chitosan Market Size is split into fungi, shrimps, lobsters, crabs, prawns, and others.

Based on application, the global Chitosan Market is split into agriculture, food & beverages, cosmetics & personal care, pharmaceuticals & nutraceuticals, and others.

Regional Analysis

The global Chitosan Market is analyzed across five major regions: North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa.

The MRFR analysis suggests that the North American region is projected to lead the global Chitosan Market over the assessment era. The regional market’s growth is mainly credited to the growing demand for naturally derived water treatment chemicals across the region. In addition, the presence of prominent market players using chitosan in personal care products and food products is another crucial factor causing an upsurge in the regional market’s growth. Furthermore, the growing applications for chitosan in the cosmetics and baked food market are likely to catalyze the demand for chitosan over the assessment timeframe.

The Chitosan Market for the Asia-Pacific region is likely to record the highest growth rate over the forecasted timeframe. The regional market’s growth is mainly credited to the presence of a large number of chitosan buyers across China and Japan. Furthermore, the easy availability of raw materials is another major aspect boosting the regional market’s growth. In addition, the factors such as the increasing application of chitosan in several end-user industries and speedy urbanization across the developing nations are projected to positively impact the regional market’s growth over the assessment timeframe.

Competitive Analysis

The global Chitosan Market has a strong and competitive landscape. The players worldwide are implementing numerous growth policies such as mergers, strategic collaborations, etc., in order to grow their global market footprint. In addition, the growing number of research & development activities in the field to launch innovative solutions is set to encourage new entrants to enter the global Chitosan Market. the global Chitosan Market has prominent players such as Jinan Haidebei Marine Bioengineering Co. Ltd. (China), Dainichiseika Color & Chemicals (Japan), Golden-Shell Pharmaceutical Co. (China), Xianju Tengwang Chitosan Factory (China), Zhejiang Golden-Shell Pharmaceutical Co., Ltd. (China), G.T.C. Bio Corporation (China), Advanced Biopolymers AS (Norway), Heppe Medical Chitosan GmbH (Germany), P.T. Biotech Surindo. (Indonesia), Dupont Corporation (U.S.), Primex ehf (Iceland), Panvo Organics Pvt., Ltd. (India), KitoZyme S.A. (Belgium), Taizhou City Fengrun Biochemical Co., Ltd. (China), and BIO21 Co., Ltd. (Thailand) among several others.

Recent Developments

  • March 2022- the leading innovator of chitosan chemistry solutions for water treatment, agriculture, and textile, Tidal Vision Products, Inc., has announced that it has officially been certified by N.S.F. International for selling naturally derived, biodegradable chitosan product, Tidal Clear™ PW, to drinking water treatment facilities. The move signifies an industry shift in drinking water treatment processing, where the non-biodegradable aluminum-based coagulants are still in use.
  • March 2022- Tidal Vision, a firm that got a financial boost from the Port of Bellingham, is set to make a big splash in the water treatment industry. The company has introduced a technique of extracting a biopolymer called chitosan from crab shells.

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Aquaponics Market Statistics, Drivers, Top Trends, Global Analysis And Forecast to 2030

Overview:

The global Aquaponics Market Statistics has been projected to grow past a valuation of USD 1.34 billion by 2024, with an impressive 13.4% CAGR during the forecast period of 2019 to 2024. Market Research Future (MRFR), in its report, dealt with several factors that can boost the outcome for the market. 

Growing demand for sustainable methods in the urban areas to counter environmental crisis and space crunch is expected to boost the global Aquaponics Market. Governments are investing much to boost this sector to profit from its cost-effective measures. Reduced technical complexities, low water usage, and dual raising activity are expected to boost the market outcome. Hike in demand for organic food can also boost the market forward. 

Segmentation:

The global Aquaponics Market report reveals various segments that have been studied by experts to bring out details on factors and boost the strategic measures with figures and charts. These segments are produce, components, equipment, and application. The impacts of these segments during the strategy-developing procedures would be immense. 

The global market report on the aquaponics has been segmented on the basis of product, as fish, fruits & vegetables, and others. Both these sectors are getting good traction in the urban areas where there is a huge space crunch.

By components, the global Aquaponics Market can be segmented into settling sump tanks, basins, bio-filters, rearing tanks, and others. The rearing tank is getting good traction from the market as it helps in culturing products.

By equipment, the study on the global market includes a detailed discussion of grow lights, water heaters, pumps and valves, fish purge systems, water quality testing, aeration systems, and others. Specific applications of these tools are expected to impact the market on a holistic level.

By application, the report containing details of the global Aquaponics Market has been segmented into home food products, commercial, and others. The commercial segment is expected to boost the global market as it would fetch revenues and create better opportunities for the market. 

Regional Analysis:

North America has a provision in terms of infrastructural scope and investment to lead the global market. It is incorporating all the modern farming technologies to boost the procedure. The Asia Pacific region has the chance to grow with the fastest speed, and it will benefit from the rising urbanization. However, COVI-19 impact can stall the growth to some extent.

Competitive Landscape:

The global Aquaponics Market Statistics is eyeing on the strategic moves launched by companies like Colorado Aquaponics (US), Backyard Aquaponics Pty Ltd (Australia), Nelson & Pade Inc. (US), Greenlife Aquaponics (US), Urban Farms AG (Switzerland), Red Ewald Inc. (US), Ichthys Aquaponics (South Africa), Aponic Ltd (UK), Pentair Aquatic Eco-Systems Inc. (US), My Aquaponics (South Africa), Hapa Farms (US), ECF Farmsystems GmbH (Germany), NutraPonics Canada Corporation (Canada), Lucky Clays Fresh (US), and Japan Aquaponics (Japan) for better growth opportunities. Companies are building their portfolio through mergers, acquisitions, and collaborative efforts, which MRFR has profiled to understand the market movement. Other marketing strategies like branding, launching, and innovation can help companies stay abreast and edge out peers. MRFR also included a COVID-19 analysis to make it more reliable. 

Industry News:

In May 2020, researchers from the Leibniz-Institute of Freshwater Ecology and Inland Fisheries (IGB) revealed in a report that the aquaponics with dual options of farming vegetables and fishes could be profitable if good agricultural practices are followed and proper conditions are maintained. The process would be beneficial in terms of environment and costing. 

In May 2020, researchers at Shepherd University’s Agricultural Innovation Center at Tabler Farm announced that they had received a $6,000 grant from the Home Depot Foundation that would help them in buying materials and building an aquaponics laboratory. The process will enhance the Veterans to Agriculture Program.

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Shoe Care Products Market Share with Impact of COVID-19 Pandemic Analysis & Future Growth Analysis Report by MRFR

Market Scenario

The MRFR report emphasizes that the global Shoe Care Products Market Share is slated to mature at a 4.6% CAGR over the review period (from 2019 to 2024) and acquire overall revenue generation of USD 6.13 Billion by 2025. 

Market Highlights

New creative items such as shoe refreshers and deodorizers are now attracting the consumer’s interest, which further fuels demand growth. The rise in shoe demand and footwear industry growth are the key factors that drive the progress of the global market for shoe care products. In addition, demand for sports footwear is growing and is slated to fuel global business growth. The rising trend for formal shoes from working professionals across the globe and the competitive dynamics towards manufacturing of leather shoes are aspects propelling the growth in the target shoe care goods industry. Increasing technical innovation in shoes and growing demand for casual shoes are the main force driving the shoe care industry as buyers across the globe are becoming more conscious of fashion. In addition , the rising demand from athletes for shoe cleaning products is another growth inducer anticipated to withstand global business growth.

Nonetheless, a growing number of counterfeit goods and dangerous ingredients used in shoe care products are the factors which are slated to inhibit the growth of the demand for shoe care products through the prognosis period.  

Competitive Dashboard

Some of the eminent players in the global Shoe Care Products Market Share are Penguin Brands Inc. (US), Cadillac Shoe Products Inc (US), Angelus Direct (US), C.P. Marketing Inc. (India), Energizer Brands, LLC (US), Granger’s International Limited (UK), U.S. Continental Marketing Inc. (US), Tarrago Brands International (Spain) , Allen Edmonds Corporation (US), Griffin Shoe Care (US), Charles Clinkard (UK), S.C. Johnson & Son (US), Harry Hoffman Company (US), Salzenbrodt GmbH & Co. KG (Germany), and C.A. Zoes Mfg Co (US).

Segmental Analysis

The global Shoe Care Products Market has been segmented based on distribution channel, type, and region.

The global market was divided, by form, into brushes and buffer cloths, polishing creams, waxes and oils, protective sprays, paints and dyes, and others. Among these, the polishing creams, wax and oils segment is slated to observe the maximum growth over the prognosis period, driven by the high demand for these consumer products.

The global Market has been bifurcated between store-related and non-store-based markets, depending on the distribution path. In comparison, the store-based segment has been listed as supermarkets , hypermarkets, specialty shops and others. The supermarket and hypermarket segment is slated to contribute substantially towards the market, driven by the stable distribution networks along with the consumer convenience of one-stop access to numerous products. On the other hand, the non-store segment is also predicted to register a notable CAGR through the prognosis period driven by the massive adoption of e-commerce across the globe which is expecting further growth due the continual technological integration.

Regional Overview

The global shoe care products industry has been analyzed for four major regions, namely, North America, Asia-Pacific, Europe, and the rest of the world. Over the prediction period the demand in Europe is poised to lead the overall market for shoe care goods. Higher disposable per capita wages and opulent lifestyles are the key reasons responsible for Europe’s wide market share globally. North America’s demand is poised to be the second-largest in the worldwide market for shoe care products. Nonetheless, the demand for shoe care goods in Asia-Pacific is slated to mature at the maximum CAGR during the poised period due to increasing customer disposable per capita incomes. In addition , the growing population and rising fashion patterns are also slated to boost this region’s business growth.

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Rum Market Share, Analysis & Opportunities by 2030

Market Scenario

Global Rum Market Share was valued at USD 15.97 billion in 2018 and is expected to register a CAGR of 2.5% during the forecast period of 2019 to 2024. Rum is a distilled alcoholic beverage produced by fermentation and distillation of molasses or sugarcane juice. It is prepared in various grades and types which depend on the location of its production. These types of rum are used in cocktails, cooking, or can be consumed straight.

Increasing per capita disposable incomes in emerging economies is the major contributing factor to the growth in the sales of the global alcohol market. Changing lifestyles, increasing influence of social media, and an ease in accessibility to alcohol have contributed significantly to the growth of the alcohol market and Rum Market. The market players have adopted various growth strategies, such as the launch of new products and the introduction of various types of rum such as spiced and flavored. However, availability of substitutes is the major restraining factor for the growth of the rum industry. The increasing consumption of cocktails and growing use of rum in cooking has further created opportunities for the market players.

Segmentation

The global Rum Market has been segmented based on type, category, distribution channel, and region.

By type, the global rum industry has been bifurcated into white and dark.

Based on category, the global Rum Market Share has been classified as standard and overproof.

As per distribution channel, the global rum industry has been divided into hypermarkets and supermarkets, specialty stores, and others.

The global Rum Market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.

The North American Rum Market Share has further been categorized as the US, Canada, and Mexico. The European Rum Market has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe. The rum industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The rum industry in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players

Diageo PLC (UK), Pernod Ricard SA (France), Beam Suntory, Inc. (US), Bacardi Limited (Bermuda), Gruppo Campari (Italy), Mohan Meakin (India), Matusalem (Dominican Republic), The Edrington Group (UK), Corporacion Cuba Ron (Cuba), and Pusser’s Rum Ltd. (US) are some of the key players in the global Rum Market.

Regional Market

The market in Asia-Pacific is expected to dominate the market for rum during the forecast period owing to increasing per capita disposable incomes. It is projected to register the highest CAGR during the forecast period with China, Japan, and Australia being the largest country-level markets for rum. North America and Europe are the mature markets for rum. Countries like Brazil, Peru, and Australia are expected to record a strong growth during the forecast period.

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Humectants Market Share, Growth Opportunities and New Demand Analysis Research Report by 2030

Market Overview

Global Humectants Market Share is expected to register an impressive growth rate of 7% during the forecast period to reach USD 26 billion by the end of 2024. 

Market Dynamics

The demand for humectants has increased as a result of the growing use of humectants to extend the shelf life of a product, retain moisture, and boost the effectiveness of a product. The global Humectants Market is driven by increased demand from humectant in food and beverage applications, as well as increased desire for and technical advancements in cosmetics and changes in lifestyle. Several humectants are petroleum derivatives; consequently, volatility in crude oil prices could impede worldwide market growth. Additionally, higher AHA use contributes to epidermal thickening and collagen formation, assisting in the healing of photodamaged skin while preventing it from future UV harm. The market’s expansion can be ascribed to the expansion of application sectors, the increasing need for healthy food and drinks, the surge in demand for biodiesel, and fluctuating sugar costs. Natural humectants are widely used in the food and beverage sector because they aid in extending the shelf life of products, adding sweetness, and balancing the moisture level of products.

However, rigorous regulations governing the manufacturing and consumption of emollients and humectants are impeding market growth, particularly in developed markets in Europe and North America. Manufacturers of humectants must adhere to worldwide quality standards established by regulatory bodies, which is impeding the global Humectants Market’s growth. The global Humectants Market Share has been significantly impacted by the novel SARS-CoV-2 illness outbreak that spread throughout 2020, owing to temporary production shutdowns in manufacturing facilities, disruptions in the raw material supply chain, and movement restrictions. The market’s growth was harmed by decreased product sales in the skin care and personal care industries as a result of WFH trends.

Competitive Dynamics

Mergers and acquisitions, expansions, and new product releases are all marketing methods that key companies in the Humectants Market can use to increase their market presence and build a larger client base. The notable players of the market are Cargill, Incorporated (US), BASF SE (Germany), Archer Daniels Midland Company (US), DowDuPont (US), Roquette Frères (France), Ingredion Incorporated (US), Ashland Global Holdings Inc. (US), Barentz (Netherlands), Batory Foods (US), Lianyungang Dongtai Food Ingredients Co., Ltd (China), Sweeteners Plus Inc. (US), Galactic S.A. (Belgium), Fooding Group Limited (China), Nutra Food Ingredients LLC (US), and Brenntag AG (Germany).

Segmental Analysis

The market for humectants has been categorized by type, source, application, and geography.

The global market for glycols, glycerol, sugar alcohols, polysaccharides, and alpha hydroxy acids (AHAs), among others, has been classified by type.

The global market has been segmented into natural and synthetic segments based on its source.

The global market has been segmented by application into food & drinks, personal care, pharmaceuticals, and others.

Regional Overview

Europe is expected to dominate the worldwide Humectants Market throughout the forecast period, owing to rising demand for bakery and confectionery products. Additionally, the animal feed industry’s high consumption of humectants is driving market expansion in Europe. The European Humectants Market is expected to increase significantly over the next few years, owing to the expanding cosmetics industry and growing demand for food manufacturing. Additionally, growing population and urbanization in various European economies will increase the regional Humectants Market.

However, the Asia-Pacific market is predicted to grow at the fastest rate during the forecast period, owing to the rising industries in emerging nations such as China and India that rely heavily on humectants and humectant products. Changing lifestyles in emerging nations such as China and India are projected to drive the Humectants Market expansion. Additionally, the cosmetics industry’s increasing need for humectants is expected to contribute significantly to the Humectants Market growth.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America

Tree Nuts Market Share, Rapid Growth, Application Scope And Opportunities By 2030

Overview:

Tree nuts are edible fruits enriched with vitamin E, essential minerals, vitamin B2, and fiber. These nuts have a hard-outer shell. Its growing consumption depends majorly on its anti-oxidant properties. These nuts are loaded with unsaturated and monounsaturated fatty acids (MUFA), and is quite popular as a healthy snack. The global Tree Nuts Market Share can surpass USD 62,235.3 million valuation by 2024 with a CAGR of 8.63% during the forecast period of 2018 to 2024.

Factors like its high nutrition quality, increasing inclusion in food & beverage, confectionery, and oil industries, high nutritional value, and traction from personal care industries can promote Tree Nuts Market in the coming years.

Segmentation:

The Global Tree Nuts Market can be segmented, as directed by MRFR in the report, on the basis of product type, form, and application. Such an analysis targets various growth factors to assist in chalking out of plans that would allow easy percolation of the market.

Based on the product type, the Tree Nuts Market can be segmented into walnuts, almonds, cashew nuts, hazelnuts, pistachios, Brazil nuts, chestnuts, and others. The almonds segment dominated the market in 2018 and its widespread application in the food & beverage industry could take the global market ahead in the coming years. The pistachio segment is expected to score the fastest CAGR during the forecast period. It would be 9.26% during the forecast period.

Based on the form, the global Tree Nuts Market Share can be segmented into whole, split, and others. The whole segment had the largest share in 2018. The segment is also expected to gain the fastest CAGR during the forecast period where it would gain a valuation of USD 41,361.6 million by the end of 2024.

Based on the application, the Tree Nuts Market can be segmented into bakery & confectionery, consumption/culinary purpose, flavored drinks, breakfast & cereals, snacks, dairy products, butter & spreads, and others. The direct consumption/culinary purpose segment was in charge in 2018. The rising focus on health and wellness can create a vast expanse for the tree nut. However, the bakery & confectionery can register the fastest CAGR during the forecast period.

Regional Analysis:

The region-specific analysis of the global Tree Nuts Market Share can be segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). This analysis would cast its focus on factors that could influence the regional markets and better management of these could take regional markets higher.

The APAC region had the highest market share as per report of 2018. It was covering around 30.18% of the total market and is slated to score the highest CAGR of 9.31% during the forecast period. China is expected to take the regional market forward by contributing substantially. This is getting tractions from rapidly happening urbanization and population boom, which are creating a demand for better food & beverages. The Chinese market can benefit from this.   

The European market had the potential to surpass USD 14,663.5 million by 2024. Germany had the largest share in 2018.

Competitive Landscape:

Prominent companies engaging in the global Tree Nuts Industry are Diamond Foods, Inc. (US), Olam International Ltd (Singapore), Blue Diamond Growers (US), Mariani Nut Company Inc. (US), Waterford Nut Co. Inc. (US), Select Harvests Limited (Australia), Lone Tree Nut Company, Inc. (US), Tree Nuts International (India), Archer Daniels Midland Company (US), and Sun Valley Nut, LLC (US). MRFR profiled these companies to know various trends from a very close quarter to gauge, which way the market is expecting expansion. The report also charts merger, acquisition, collaboration, and various other modes of market strategies that can impact the market in the coming years.

In August 2019, Crystal Peak announced their intention to launch a new plant for specific fertilizer production. The aim is to get better production of vegetables and tree nuts that are of high value and chloride-sensitive in nature.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013,

United States of America

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