How big is the cocktail syrups market?

Cocktail Syrups Industry Overview

The global cocktail syrups market size to be valued at USD 5.99 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% during the forecast period. The growing party culture among the young generation and working-class population across the globe is a major factor contributing to the growth of the market. The COVID-19 pandemic has had an adverse impact on the market for cocktail syrups. The sudden and prolonged closure of non-essential businesses, such as pubs, bars, restaurants, and hotels, has been one of the major changes over the lockdown period. However, the household demand for the products soared during the lockdown. The growth of the at-home cocktail culture and convenience, quality, and diversity of cocktail syrups are the factors behind the upsurge in demand.

Innovation in cocktail syrups with an infusion of botanical and organic ingredients in vivid flavors is expected to provide new growth opportunities to the manufacturers in the coming years. Several companies have been using natural ingredients and reducing the use of artificial flavors and colors. The increasing number of health-conscious consumers is boosting the sales of syrups with natural ingredients, coloring agents, and additives.

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Over the past few years, young customers and the working-class population are increasingly adopting cocktail beverages as per their preferred flavors. Customers are loving the flavored alcoholic beverages with their specific choices. In addition to this, the demand for new alcoholic beverages with low ABV ranging from 4%-7% and a wide flavor range is increasing among the younger population.

Innovation in cocktails, including the use of real fruit juices with no artificial sweeteners, is also driving the market demand. Cocktails offer a wide range of choices to consumers, in terms of both, innovative products and healthier options such as cocktails infused with ginger or lavender that are beneficial for one’s health. As a result, bartenders are focusing on innovating new cocktails using healthy ingredients. This will create growth opportunities for cocktail syrup producers.

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Cocktail Mixers Market - The global cocktail mixers market size was valued at USD 8.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2030.

Flavored Syrups Market - The global flavored syrups market size was valued at USD 46.3 billion in 2018 and is expected to expand at a CAGR of 5.1% from 2019 to 2025.

Cocktail Syrups Industry Segmentation

Grand View Research has segmented the global cocktail syrups market on the basis of product, flavor, and region:

Cocktail Syrup Product Outlook (Revenue, USD Million, 2016 - 2028)

• Fruit
• Herbs & Seasonings
• Vanilla
• Others

Cocktail Syrup Flavor Outlook (Revenue, USD Million, 2016 - 2028)

• Sweet
• Salty
• Sour
• Mint

Cocktail Syrups Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA (Middle East & Africa)

Market Share Insights:

May 2022, Kerry Group announced the opening of its most advanced and largest taste manufacturing facility in Africa. This facility is equipped to produce nutrition solutions that are sustainable and are widely consumed across Africa.

Key Companies profiled:

Some prominent players in the global Cocktail Syrups Industry include

• Kerry Group PLC
• Liber & Co.
• MONIN
• The Simple Syrup Co.
• ADM WILD Europe GmbH & Co. KG
• Bristol Syrup Company
• Döhler
• Toschi Vignola s.r.l.
• Giffard

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Large Molecule Bioanalytical Technologies Market Growth Is Attributed to Technological Advancements

Large Molecule Bioanalytical Technologies Industry Overview

The global large molecule bioanalytical technologies market was valued at USD 5.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.5% from 2021 to 2028. Along with the ongoing shift in R&D programs for large molecules, there is increasing diversity in the type of therapeutics modality being tested analytically. This ongoing trend toward greater diversity demands a wider set of expertise to assess the quality attributes of the final products, thereby driving the market for large molecule bioanalytical technologies.

Furthermore, the COVID-19 pandemic has created lucrative opportunities for key stakeholders of the market for large molecule bioanalytical technologies. Several CMOs and bio-manufacturers have shifted their business focus to the production of therapeutics against SARS-CoV-2 infection. Thus, demand for bioanalytical testing tools has grown significantly. Several initiatives such as scaling up their production and testing facilities by key players have propelled the revenue generation.

Gather more insights about the market drivers, restraints and growth of the Global Large Molecule Bioanalytical Technologies Market

The introduction of Quality by Design (QbD) and its growing acceptance in the field is fueling the necessity for more robust methods of analysis. At the current time, QbD has significantly impacted the work performed in analytical laboratories. The other trend is the identification of measures to expedite the manufacturing process. Improving efficiency in formulation development aspects has alleviated the timelines associated with challenges for analytical processes.

Furthermore, regulatory pressures are playing a vital role in driving a more detailed analysis of final products. These new innovative drugs require thorough biocompatibility, toxicology, and chemical characterization to maintain the efficacy and safety of the products for human consumption. The convergence of biochemical testing with the digital age offers great opportunities as well as poses challenges for analytical testing laboratories.

Deployment of handheld devices for the collection and transmission of analytical data is being studied to advance the market for large molecule bioanalytical technologies. Furthermore, the market is anticipated to be significantly favored with the introduction of real-time analysis of clinical samples and in-process manufacturing samples. The advancements in instrumentation are anticipated to expand the reach of the market for large molecule bioanalytical technologies and would continue to enhance the service offerings of service providers.

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Bioanalytical Testing Services Market - The global bioanalytical testing services market size was estimated at USD 3.64 billion in 2021 and is anticipated to register a compound annual growth rate (CAGR) of 8.6% over the forecast period.

Biosimilars Market - The global biosimilars market size was valued at USD 4.36 billion in 2019. It is anticipated to exhibit a CAGR of 34.2% during the forecast period.

Large Molecule Bioanalytical Technologies Industry Segmentation

Grand View Research has segmented the global large molecule bioanalytical technologies market on the basis of product & service, technology, application, and region:

Large Molecule Bioanalytical Technologies Product & Service Outlook (Revenue, USD Million, 2017 - 2028)

• Product
• Service

Large Molecule Bioanalytical Technologies Outlook (Revenue, USD Million, 2017 - 2028)

• Electrophoresis
• Chromatography
• Mass Spectrometry
• Western Blot
• ddPCR, qPCR, RT-PCR
• ELISA
• Flow Cytometry
• Spectrometer
• Analytical Ultracentrifugation
• Light scattering (MALS, DLS) & static light scattering
• DNA Sequencing
• Other Technologies

Large Molecule Bioanalytical Technologies Application Outlook (Revenue, USD Million, 2017 - 2028)

• Biologics

• Cell & Nucleic Acid Therapy
• Viral Vector
• Gene Therapy
• Nanoparticles & Polymers

Large Molecule Bioanalytical Technologies Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA (Middle East & Africa)

Market Share Insights:

February 2021: HORIBA launched an innovative and new LabSpec 6 Application, χSTaiN. This new app was developed in collaboration with GreenTropism.

Key Companies profiled:

Some prominent players in the global Large Molecule Bioanalytical Technologies Industry include

• Intertek Group plc.
• Solvias AG
• Bio-Techne Corporation
• Wyatt Technology Corporation
• Precision NanoSystems
• Verder
• Halo Labs
• Charles River Laboratories International, Inc.
• Avomeen
• Merck KGaA
• Cergentis B.V.
• Laboratory Corporation of America Holdings
• SCIEX
• Hoffmann-La Roche AG
• Bio-Rad Laboratories, Inc.

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Malaysia Car Wash Service Market to Expand at a CAGR of 3.8% by 2028

Malaysia Car Wash Service Industry Overview

The Malaysia car wash service market size was valued at USD 727.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028. One of the foremost factors driving the market for car wash services in Malaysia is the rising production and sale of automobiles. In 2019, the Malaysian automotive industry was among the top 10 largest manufacturing bases in the Asia Pacific and the 23rd largest in the world. According to the Ministry of International Trade and Industry (MITI), the country’s automotive industry is one of the key contributors to its GDP with a 4.3% contribution in 2019. The COVID-19 pandemic has severely impacted countries across the globe and Malaysia is no exception.

In addition to the pandemic, the country is facing problems caused by declining oil prices. The country’s economy contracted by 17.1% in the second quarter of 2020 as compared to the same time period in 2019. The automotive industry was greatly impacted by the pandemic and led the Malaysian Automotive Association (MAA) to revise its projection for private and commercial vehicle sales in 2020, reducing it from 607,000 units to 400,000 units. The first case of the coronavirus was detected in the country in February 2020 and the outbreak emerged around March 2020. A nationwide Movement Control Order (MCO) was then issued to help control the spread of the virus. Due to the coronavirus pandemic, many businesses in Malaysia have been struggling to stay open, including car wash service centers.

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Car washes use large quantities of water per day and this water is replete with effluents such as fats, oil, and grease (FOG) and surfactants and chemical oxygen demand (COD). Among the several types of wastewater generated from various manufacturing and other activities, car wash water represents one of the most heavily contaminated water. It contains oil, grease, detergent, surfactants, phosphates, and various other chemicals. Hence, direct disposal of such water into the regular drainage system can worsen the already prevalent water pollution problem.

Waterless car wash services offer immense growth opportunities for the market. With various water conservation regulations in the country, the need for such eco-friendly ways of car washing is expected to gain popularity. The increase in human population, agricultural and industrial developments, and rising commercial and household infrastructure have contributed to the growing usage of water. According to the National Water Services Commission (SPAN), in 2019, the daily water consumption per person in Malaysia was 230 liters.

Consumers are also inclined toward service centers that use eco-friendly products and ensure minimum usage of water for car washing. Moreover, the government ban on car washing in the open, on main streets, and in public spaces is impacting consumers’ decision to opt for car wash services. For instance, in September 2020, the Government of Malaysia announced a temporary blanket ban on gardening and washing cars. It also put a temporary closure notice on car washes and commercial laundry services amid the water disruption. At this time, companies providing steam car washing services are expected to gain popularity and after the ban is lifted, car washing centers that use minimal water will gain popularity among customers.

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Car Wash Services Market - The global car wash services market size was valued at USD 29.3 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.1% from 2022 to 2030.

Car Wash Ancillary Products Market - The global car wash ancillary products market size was valued at USD 655.8 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.1% from 2020 to 2027.

Malaysia Car Wash Service Industry Segmentation

Grand View Research has segmented the Malaysia car wash service market on the basis of type:

Malaysia Car Wash Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Tunnels
• Roll-over/In-bay
• Self-service
• Manual

Key Companies profiled:

Some prominent players in the Malaysia Car Wash Service Industry include

• UNITEC Textile Decoration Co., Ltd.
• Call2wash Global Sdn Bhd
• 1L Car Wash
• Topbest Car Grooming Centre
• CARS International
• Supwave Car Wash

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Treehouse Glamping Market Demand and Trends Analysis Report by Booking Mode, 2028

Treehouse Glamping Industry Overview

The global treehouse glamping market size was valued at USD 186.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2021 to 2028. Treehouse glamping is one of the most famous types of glamping. Modern architecture and construction have allowed treehouses to be constructed in the most diverse places across the world. Treehouses cover the true definition of glamping as they are unique, comfortable, and luxurious.

Treehouse glamping sites are not only being used by families and friends but also for several events like organizing corporate retreats and hosting intimate destination weddings since the COVID-19 lockdown. The coronavirus pandemic has fundamentally altered the nature of operations of industry participants as the first half of the year was marred with stay-at-home orders, travel restrictions, and lockdowns. The demand for glamping spots was primarily driven by the high-income demographic, who were looking for vacation stays that are isolated from crowded places, as it was considered to be a safer option when compared to urban areas, which observed a higher number of cases.

Hectic lifestyles of consumers, long working hours, and less time for relaxation among the working-class population are expected to be the key factors fueling the market growth over the next few years. While de-stressing and relaxing are considered to be the two main factors propelling this market growth, the need for a healthy lifestyle, along with flourishing eco-tourism, has created a high demand for an active and outdoors régime, which, in turn, will have a positive impact on the market growth over the forecast period. Adventure vacations and corporate retreats are expected to create new opportunities for the market, particularly in France, Thailand, and Ireland.

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The increasing influence of social media among consumers, especially among millennials, is expected to create more awareness about treehouse glamping and its benefits. In addition, major discounts and irresistible holiday packages offered by various tourism websites are expected to have a positive impact on the industry growth. Furthermore, factors like preferences for new experiences over traditional pampering sessions and owning possessions, availability of time, and the willingness of consumers to pay for luxury travel are likely to boost the market growth over the next few years.

These glamping sites provide the equivalent of comfort and luxury but at a lower price as compared to luxury hotels, which is another factor propelling the market growth. Consumers seek luxurious holidays at budget prices, which is driving the market.

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Glamping Market - The global glamping market size was valued at USD 2.35 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030.

Ecotourism Market - The global ecotourism market size was valued at USD 185.87 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 15.2% from 2022 to 2030.

Treehouse Glamping Industry Segmentation

Grand View Research has segmented the global treehouse glamping market on the basis of age group, booking mode, and region:

Treehouse Glamping Age Group Outlook (Revenue, USD Million, 2016 - 2028)

• 18-32 years
• 33-50 years
• 51-65 years
• Above 65 years

Treehouse Glamping Booking Mode Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

Treehouse Glamping Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America

Key Companies profiled:

Some prominent players in the Treehouse Glamping Industry include

• Treehouse-Villas Thailand
• Bangkok Tree House
• Rabeang Pasak Treehouse Resort
• Keemala
• Orion Tree Houses B&B
• Mouling de la Jarousse
• Costa Rica Tree House
• Lala Mukha
• Pai Treehouse
• Tree House Hideaway

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U.S. School Furniture Market Upcoming rends and Value Chain Analysis by 2028

U.S. School Furniture Industry Overview

The U.S. school furniture market size was valued at USD 1.96 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2028. Increasing focus on improving the availability of education across cities, suburbs, towns, and rural areas has been promoting the growth of the market. According to the National Center for Education Statistics, the number of schools in cities of the U.S. increased from 2.3 million in fall 2009 to 2.5 million in fall 2017. Moreover, the number of schools in suburbs increased from 2.1 million in fall 2009 to 2.3 million in fall 2017.

The nationwide closure of educational institutions including schools and colleges has been adversely affecting the school furniture market in the U.S. Education officials have been forced to cancel classes and close the doors to campuses across the country in response to the coronavirus outbreak. In addition, schools and colleges have switched classes to online learning, which has omitted the need for students and teachers to visit physical classrooms, thereby curbing the need for school furniture. Additionally, the shutting down of physical classes has led to a significant dip in enrollment, which has further reduced the demand for school furniture.

The U.S. government, too, has been contributing immensely to the growth of the industry. Programs pertaining to education have been regularly promoting the number of schools in a given locality as well as the enrollment of students in these schools. The Obama administration that set out in 2009 invested USD 1 billion to provide preschool education to every child, and more than half of the U.S. states dramatically boosted their own investments in early learning.

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Now in 2021, President Joe Biden plans to reinstate the educational initiatives undertaken by the Obama Administration. These programs focus on providing high-quality, universal pre-kindergarten education to all three- and four-year-olds in the country. They also aim to build the best, most innovative schools in the country in low-income communities and communities of color. Consequently, such programs are expected to propel the revenue of the market.

The growing awareness regarding the value of education, along with an increasing number of government programs making education available for all, is expected to inflate the number of schools in the U.S. According to the National Center of Education Statistics, the number of schools and degree colleges is expected to rise. The source predicts that the number of schools in the country and enrollments is going to grow rapidly.

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School Furniture Market - The global school furniture market size was valued at USD 4.2 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2019 to 2025.

Smart Furniture Market - The global smart furniture market size was valued at USD 143.6 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.4% from 2021 to 2028.

U.S. School Furniture Industry Segmentation

Grand View Research has segmented the U.S. school furniture market on the basis of product and application:

U.S. School Furniture Product Outlook (Revenue, USD Million, 2016 - 2028)

• Seating Furniture
• Storage Units
• Lab Furniture
• Others

U.S. School Furniture Application Outlook (Revenue, USD Million, 2016 - 2028)

• Classroom
• Library & Labs
• Others

Market Share Insights:

January 2019: VS America, Inc. announced the launch of the JUMPER suite of chairs for the American and Canadian markets. These products are available in two models-JUMPER Air and JUMPER Ply.

Key Companies profiled:

Some prominent players in the U.S. School Furniture Industry include

• Smith System Mfg. Co.
• Knoll, Inc.
• The HON Company
• Virco
• Fleetwood Group
• VS America, Inc.
• Hertz Furniture
• Paragon Furniture Inc.
• Haskell Education
• Marco Group

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Spectrometry Market Growth Is Driven by Increasing R&D Spending by Government Research Organizations

Spectrometry Industry Overview

The global spectrometry market size was estimated at USD 14.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028. The development of technologically advanced spectroscopy instruments and consumables is anticipated to provide growth avenues to this market. Continuous evolution in spectrometry techniques has enhanced the use of spectrometers in the market. Key players are developing products that are easy to use and provide better outcomes which would help researchers to provide better results. This in turn is anticipated to aid growth over the forecast period.

Gather more insights about the market drivers, restraints and growth of the Global Spectrometry market

Spectrometry technology has emerged as one of the key technologies used in various analytical applications such as drug development procedures, proteomics, metabolomics, forensic analysis, and pharmaceutical analysis. The adoption of this technique across various stages of drug discovery processes has increased in recent years. For instance, researchers from the University of Surrey applied the MS technique to assist and accelerate the COVID-19 vaccine development.

Additionally, the development of new advanced technology for novel applications is expected to drive the market over the forecast period. For instance, a June 2020 study published that the MALDI MS imaging technique can be used to analyze quantitative, physical, or physiologic properties of tissues. Therefore, the technique can be used for cancer proteomics research, diagnosis, prognosis, and treatment of various cancers.

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Proteomics Market - The global proteomics market size was valued at USD 22.30 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.5% from 2022 to 2030.

Biotechnology Market - The global biotechnology market size was estimated at USD 1,023.92 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030.

Spectrometry Industry Segmentation

Grand View Research has segmented the global spectrometry market on the basis of type, product, application, end-use, and region:

Spectrometry Type Outlook (Revenue, USD Million, 2017 - 2028)

• Molecular Spectrometry
• Mass Spectrometry (MS)
• Atomic Spectrometry

Spectrometry Product Outlook (Revenue, USD Million, 2017 - 2028)

• Instrument
• Consumables
• Services

Spectrometry Application Outlook (Revenue, USD Million, 2017 - 2028)

• Proteomics
• Metabolomics
• Pharmaceutical Analysis
• Forensic Analysis
• Others

Spectrometry End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Government & Academic Institutions
• Pharmaceutical & Biotechnology Companies
• Others

Spectrometry Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Market Share Insights:

December 2020: Agilent Technologies Inc. launched a new 7850 ICP-MS mass spectrometry instrument. The new ICP-MS instrument has a new smart software feature that will increase the ability of the ICP-MS laboratory.

Key Companies profiled:

Some prominent players in the global Spectrometry Industry include

• Thermo Fisher Scientific, Inc.
• PerkinElmer, Inc.
• Agilent Technologies
• Waters Corporation
• Shimadzu Corporation
• Bruker Corporation
• JEOL Ltd.
• FLIR Systems, Inc.
• Endress+Hauser Group
• MKS Instruments, Inc.

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U.S. Processed Pumpkin Market is Driven by Rising Awareness About the Nutritive Value of Pumpkin, 2028

U.S. Processed Pumpkin Industry Overview

The U.S. processed pumpkin market size was valued at USD 1.34 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2021 to 2028. Shifting consumer preference toward packaged convenience foods is expected to drive the demand for processed pumpkin over the next few years. Processed pumpkin has been witnessing a remarkable demand from the food and beverage industry, not only due to its taste and flavor but also because of the numerous health benefits associated with it. The COVID-19 pandemic has had a direct and indirect impact on the demand for processed pumpkins in the U.S. The coronavirus outbreak has affected the raw material as well as application industries. In addition to this, companies have also witnessed transportation delays. The pandemic has had an adverse impact on the supply chain of the fruit and vegetable industry in the U.S., with lower prices and reduced production emerging as the key problems within the industry.

Processed pumpkin is one of the most versatile cooking ingredients and its rich and creamy texture is ideal for preparing both sweet and savory dishes, including desserts and ice creams. It is also very commonly used for preparing sauces, spreads, creams, soups, and dressings that require added thickness with lower fat content. These numerous applications are propelling the demand for the product in the U.S.

Gather more insights about the market drivers, restraints and growth of the U.S. Processed Pumpkin market

Processed pumpkin is widely used not just for home cooking but also in various commercial applications in restaurants, bakeries, eateries, and the hotel industry. Furthermore, the increasing application of the product in the form of powder, puree, and chunks in several food processing sectors, including bakery, beverages, smoothies, confectionary, baby foods, dairy, and frozen products, is expected to boost the market growth.

One of the key factors driving the demand for the product is the increasing consumer awareness about the nutritive value of pumpkin in the U.S. A shift has been observed toward healthier diets, which is resulting in changing food choices. Consumers are increasingly opting for healthy food choices that will help maintain their body weight, meet their nutritional requirements, and prevent chronic diseases.

The growing trend of organic food and beverages in the U.S. is expected to widen the opportunities for organic processed pumpkin in the upcoming years. This is attributed to the increasing awareness about the harmful effects of pesticides, chemicals, and additives on human health and the high per-capita income of U.S. consumers. Furthermore, the growing number of health-conscious consumers and the rising awareness regarding the health benefits associated with organic pumpkins and clean label products are likely to drive the demand for organic processed pumpkins.

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Processed & Frozen Vegetables Market - The global processed & frozen vegetables market size was valued at USD 77.97 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2028.

U.S. Vegetable Puree Market - The U.S. vegetable puree market size was valued at USD 6.22 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028.

U.S. Processed Pumpkin Industry Segmentation

Grand View Research has segmented the U.S. processed pumpkin market on the basis of product and application:

U.S. Processed Pumpkin Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Dried
• Puree
• Concentrates

U.S. Processed Pumpkin Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Beverages
• Bakery
• Snacks
• Desserts
• Baby Food
• Others

Market Share Insights:

April 2019, Döhler Group acquired Zumos Catalano Aragoneses S.A. (ZUCASA), a Spain-based manufacturer of purees, sweet fruit concentrates, juices, vegetables, and plants. This acquisition enabled Döhler to offer more diverse products in the stone fruits and apples and pears segments.

Key Companies profiled:

Some prominent players in the U.S. Processed Pumpkin Industry include

• Döhler Group
• Ingredion Incorporated (Kerr Concentrates)
• Woodland Foods
• Seawind Foods
• Cedenco Foods
• Nubeleaf
• Libby's
• Milne MicroDried
• Great American Spice Company

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Healthcare Smart Beds Market Top Company Overview and Distribution Channel Study by 2028

Healthcare Smart Beds Industry Overview

The global healthcare smart beds market size was valued at USD 411.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028. Smart beds are connected to electronic medical records (EMR) or electronic health records (EHR), which offer a wide range of medical data, including personal statistics like weight, body temperature, heartbeat, blood, oxygen, and other vital signs, medication, laboratory test results, allergies, and immunization status. Equipped with relevant data pertaining to a patient’s medical history, doctors can decide the future course of action, and nursing staff can help improve patient care. With the increasing prevalence of chronic diseases and the rising number of life-saving surgeries, the frequency, as well as duration of hospital stays, have been increasing. Moreover, the outbreak of COVID-19 has generated a significant demand for smart beds in hospitals across the globe.

According to statistics provided by the ArcGIS, a system software maintained by the Environmental Systems Research Institute, the total number of staffed beds in the U.S. till September 2020 was 816,554, and with the increasing requirement of hospital beds across the country due to COIVD-19 and other life-saving surgeries, an estimated 158,848 increase in bedding capacity is expected in hospitals across the U.S. in the near future. Such scenarios are anticipated to boost the uptake of smart beds over the forecast period.

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According to the Ambulatory Surgery Center Association (ASCA), on average, Medicare saves more than USD 4.2 billion every year when surgical procedures are performed at ASCs instead of hospital outpatient departments (HOPDs) in the U.S. This significant cost reduction in diagnosis, surgical procedures, and preventive treatment is expected to promote ASCs and subsequently increase demand for smart beds over the forecast period.

Governments across the globe have been increasingly spending on the development and deployment of ambulatory facilities. This has resulted in increased accessibility and reduced treatment costs, which in due course is expected to propel the growth of the market. For instance, the U.S. government began a program named Medicare's Hospital Readmissions Reduction Program (HRRP) under the Affordable Care Act. This initiative is directed to provide patients with primary care at all accessible point-of-care centers and reduce avoidable costs such as that hospital stays and other related expenses. These supportive government initiatives are anticipated to promote the demand for smart healthcare beds across ASCs over the forecast period.

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Smart Bed Market - The global smart bed market size was valued at USD 2.17 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027.

Electronic Health Records Market - The global electronic health records market size was estimated at USD 27.2 billion in 2021 and it is anticipated to expand at a CAGR of 4.0% from 2022 to 2030.

Healthcare Smart Beds Industry Segmentation

Grand View Research has segmented the global healthcare smart beds market on the basis of application and region:

Healthcare Smart Bed Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Hospitals
• Outpatient Clinics
• Medical Nursing Homes
• Medical Laboratory and Research

Healthcare Smart Bed Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• North America
• Europe

Key Companies profiled:

Some prominent players in the global Healthcare Smart Beds Industry include

• Stryker Corporation
• Hill-Rom Holdings Inc.
• Invacare Corporation
• Paramount Bed Holdings Co., Ltd.
• LINET
• Joerns Healthcare LLC
• Stiegelmeyer GmbH & Co. KG
• Arjo
• Völker GmbH
• Favero Health Projects SpA

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U.S. Car Wash Service Market Key Players Are Zips Car Wash, International Car Wash Group and Quick Quack Car Wash

U.S. Car Wash Service Industry Overview

The U.S. car wash service market size was valued at USD 14.21 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. The demand for car wash services has been rising over the past decade due to their increased convenience and a greater array of budget and luxury options. The increasing environmental regulations prohibiting residential car washing practices are anticipated to expand the customer base for professional car washes, thereby driving the demand for the services. The market is primarily attributed to the increasing focus of consumers on vehicle maintenance and rising spending power. Busy schedules and time constraints have also led to consumers giving their vehicles to professional car washes rather than cleaning them at home.

In the U.S., more than 72% of drivers use professional car wash services frequently and conveyor car wash is the most revenue-generating service. The on-demand car wash platform can be a good start in this industry if service providers can get the consumers to wash their cars more frequently at these service stations. Many consumers prefer washing their cars at home owing to the high expense and time consumed at car washing stations. Therefore, on-demand car wash apps can emerge as an ideal solution to reduce the time spent at car washing stations.

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Increased car count at car wash stations is attributed to factors such as fewer people washing cars at home, a stronger U.S. economy, and the creation of express exterior and loyalty club-powered car wash models. According to the Professional Carwashing Industry Report, the total annual car count in 2017 stood at 45,000, while the average was over 278,000.

According to the International Carwash Association (ICA), the percentage of drivers reporting for most frequent washing of their vehicles at a professional car wash has increased from approximately 48% in 1994 to over 77% in 2019. Moreover, around 66% of Americans wash their vehicles somewhere between 1-2 times per month, resulting in 13 washes per year on an average.

Speed and convenience are the two major benefits car washing businesses offer and as a result, there has been a vast decline in the percentage of U.S. consumers washing their cars at home. The trend is rapidly moving from “Do-It-Yourself” to “Do-It-For-Me”. According to a report by Professional Car Washing, about 35% of the respondents said that there were car wash stations less than a mile apart and 24% of the respondents were planning to launch their own car wash service in the next one year.

The growing trend of washing cars at service centers and the increasing expenditure on cleaning vehicle interiors are some of the major growth drivers for the U.S. market. However, the outbreak of COVID-19 worldwide has significantly impacted the business of car wash operators. As per the research conducted by Womply, an auto wash and detailing company in the U.S., the weekly revenue at the local auto wash and detail businesses were down by 48% in April 2020 as compared to the same period in 2019. Moreover, in the week of March 16, 2020, the weekly revenue was down by 53%, compared to the previous year. This factor has lowered the purchase of car wash service from the operators and owners of car wash centers in the U.S.

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Car Wash Services Market - The global car wash services market size was valued at USD 29.3 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.1% from 2022 to 2030.

Car Wash Ancillary Products Market - The global car wash ancillary products market size was valued at USD 655.8 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 2.1% from 2020 to 2027.

U.S. Car Wash Service Industry Segmentation

Grand View Research has segmented the U.S. car wash service market on the basis of type:

U.S. Car Wash Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Tunnels
• Roll-over/In-bay
• Self-service

Market Share Insights:

October 2020: Zips Car Wash announced its expansion into Marion, North Carolina as a part of its aggressive growth strategy.

July 2020: ICWG acquired 8 sites from Team Clean, a brand owned by Brad Vaden and his family, which will join the Car Wash USA Express brand across Arkansas and Tennessee.

Key Companies profiled:

Some prominent players in the U.S. Car Wash Service Industry include

• Zips Car Wash
• Autobell Car Wash, Inc.
• International Car Wash Group (ICWG)
• Quick Quack Car Wash
• Super Star Car Wash
• True Blue Car Wash
• Hoffman Car Wash & Hoffman Jiffy Lube
• Wash Depot Holdings, Inc.
• Splash Car Wash
• The Wash Tub

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Increasing Purchasing Power to Make Way for North America Processed Meat Market by 2028

North America Processed Meat Industry Overview

The North America processed meat market size was valued at USD 26.40 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.5% from 2021 to 2028. The market is expected to witness decent growth in the years to come because of a surge in the demand for convenient and easy-to-eat food, leading to the growth of the meat manufacturing sector. The rising disposable income of consumers, coupled with an increase in the number of working professionals, will propel the market growth over the forecast period. The COVID-19 pandemic has caused disruptions in the market. The limited availability of some products in retail stores resulted in a price rise. COVID-19 outbreaks have taken place in numerous meat production facilities operating in the U.S. and Canada. These outbreaks affected a large number of plants, which led to the disruption of the supply chain, closure of some factories, and posed a substantial threat to the product supply in the region.

The U.S. market is projected to witness steady growth over the forecast period on account of the changing lifestyles of consumers and rising urbanization, which affect the consumption pattern of the consumers. According to the United States Department of Agriculture (USDA), the U.S. was the top consumer of meat in 2019 and has been at the top spot since 2017.

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With the rising awareness regarding the proper intake of protein among consumers in the country, protein-rich processed products have been witnessing high demand. According to the estimates provided by the National Chicken Council, U.S., the total consumption of meat, which includes beef, pork, chicken, and turkey, was around 199 pounds per person per year back in 2012, which rose to 223 pounds per person per year in 2019.

Innovative product launches, such as Benny's Original Meat Straws, are expected to propel the market growth. In order to attract targeted customers, manufacturers are also coming up with gender-specific products, such as Tillamook Country Smoker’s All Natural Cranberry Turkey Jerky, which specifically targets female consumers, and barbecue-flavored meatballs launched by Kerry Foods, which are aimed at the adult male demographic.

The demand for protein is witnessing an increase on account of the growing consumer awareness regarding the consumption of high nutritional food. The fast-paced lives of these individuals in developed parts of the country have led to the preferential shift of the working class from conventional to processed products. In addition to this, with an increasing gym-going population in the U.S., Canada, and Mexico, the demand for animal-based protein has risen significantly over the past few years.

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Cultured Meat Market - The global cultured meat market size was valued at USD 163.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2022 to 2028.

Frozen Meat Market - The global frozen meat market size was valued at USD 73.3 billion in 2018 and is anticipated to expand at a CAGR of 4.4% from 2019 to 2025.

North America Processed Meat Industry Segmentation

Grand View Research has segmented the North America processed meat market on the basis of meat type, type, product, and region:

North America Processed Meat Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Poultry
• Beef
• Pork
• Mutton
• Others

North America Processed Meat Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Cured
• Uncured

North America Processed Meat Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Chilled
• Frozen
• Canned
• Dry & Fermented

North America Processed Meat Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• U.S.
• Canada
• Mexico

Market Share Insights:

August 2020: Conagra Brands, Inc. invested USD 100 million to expand its meat snacks processing facility in Troy, Ohio, U.S. This plant produces Duke's and Slim Jim branded products.

Key Companies profiled:

Some prominent players in the North America Processed Meat Industry include

• Tyson Foods, Inc.
• Conagra Brands, Inc.
• Sysco Corporation
• Smithfield Foods, Inc.
• Perdue Farms
• Cargill, Incorporated
• JBS USA
• Hormel Foods Corporation
• National Beef Packing Company, LLC
• OSI Group

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Increasing Expenditure On Interior Decoration to Contribute to the Growth of Fiberglass Sunscreen Market

Fiberglass Sunscreen Industry Overview

The global fiberglass sunscreen market size was valued at USD 1.91 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. Increased spending on home improvement projects or home remodeling is boosting the product demand. The growing home values have doubled homeowners’ equity in the period of five years preceding 2019, indicating a surge in spending capacity towards home improvement and interior decoration. According to the Leading Indicator of Remodeling Activity (LIRA), home improvement spending has risen at 6% annually in the three years since 2015.

The outbreak of novel coronavirus has disrupted the supply chain and affected the construction of fiberglass sunscreen. As the pandemic enters its second year and the global economy slowly recovers, the worldwide fiberglass supply chain is facing a shortage of products, caused due to delays in shipping and a fast-evolving demand environment. According to CompositesWorld, many distributors, especially in North America, have reported shipment delays of fiberglass products from suppliers. Additionally, the products that are being received are at a slightly higher price.

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The rapid expansion in the real estate sector as well as commercial construction, particularly in developing economies such as India and China, is paving the way for the increased need for fiberglass sunscreens. In addition, global expansion in commercial construction, particularly the hospitality sector that includes hotels, resorts, hospitals, and other segments, is enhancing the need for sunscreens in these areas. As per the TOPHOTELPROJECTS online database, in the Asia Pacific, there was a pipeline of 2,445 new hotels in 2020 and 928 new hotels in 2021, with China leading the whole region, where 1,160 new hotels are in the pipeline in the coming years. This rapid expansion of the hotel industry is anticipated to positively impact the growth of the market.

Additionally, in 2020, consumers spent more on home remodeling as compared to 2019 since the outbreak of COVID-19 led several countries to implement lockdown, which resulted in consumers spending more time at home. According to a survey by Home Advisor, in 2020, average household spending on home services in the U.S. rose to USD 13,138, which was a USD 4,000 increase year-over-year. On average, U.S. households spent USD 8,305 on home improvements, USD 3,192 on maintenance, and USD 1,640 on home emergencies.

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Fiberglass Market - The global fiberglass market size was estimated at USD 12.73 billion in 2016. The increasing use of fiberglass for the manufacturing of automobile and aircraft body parts owing to its high strength and lightweight properties is estimated to drive the market growth.

Fiberglass Flooring Market - The global fiberglass flooring market size was USD 531 million in 2015 and is expected to witness immense growth on account of its rising usage in residential, commercial, and industrial applications.

Fiberglass Sunscreen Industry Segmentation

Grand View Research has segmented the global fiberglass sunscreen market on the basis of application and region:

Fiberglass Sunscreen Application Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Hotels
• Hospitals & Clinics
• Corporate Buildings
• Educational & Government Institutions
• Others (Transport Terminals –Airports, Open Bus & Train Stations, Shopping Complexes)

Fiberglass Sunscreen Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America

• MEA (Middle East & Africa)

Key Companies profiled:

Some prominent players in the global Fiberglass Sunscreen Industry include

• Phifer
• Changzhou Bestex Technical Textile Co., Ltd.
• Mermet Corporation
• Luxaflex
• Fulltech Fiber Glass Corp.
• Helioscreen
• APLUS
• Hongyuan Envirotech Co., Ltd.
• WUXI EV Window Decoration Co., Ltd.
• Groupeve

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Wine Market Analysis Report by Type, Material, Application, Region and Segment Forecasts, 2028

Wine Industry Overview

The global wine market size was valued at USD 417.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The rising adoption of wine among all age groups from the young generation to the old age population across the globe is the key factor for market growth. The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world. The sudden outbreak of pandemic has affected around 77% of hotels, with turnover falling by 60% across the sector, while restaurants saw sales down by 91% by the end of 2020 across the globe. Meanwhile, there has been a sudden change in the purchasing behavior of consumers. With restaurants, hotels, and bars shut or running on limited capacity, consumers have turned to food retailers as well as online portals to shop for the product. Direct-to-consumer sales have also benefited from this shift in consumer behavior, with specialist wine trade also reporting some increase in sales.

Wine is an integral part of European cultures and this cultural trend is increasingly gaining popularity in various other parts of the world including Asian countries. The young and working-class people in these regions are including wine in their diet, house parties, and occasional drinks. These consumer trends are expected to fuel the market growth over the forecast period.

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The increasing consumption of wine among consumers has been acting as a major driver for the industry. According to a study promoted by the European Association of Wine Economists and the Chaire Vins et Spiritueux de INSEEC U., in May 2020, the frequency of the consumption of wine has increased significantly during the confinement phase resulting from the outbreak of coronavirus in Spain and the rest of Europe.

At the retail level, consolidation is occurring in both restaurants (on-premise) and in supermarkets (off-premise). Smaller brands have a harder time gaining placement on the shelves and on wine lists because the head office may choose a few brands to use in all of their locations. Supermarkets account for a substantial market share. So, the consolidation of these chains is relevant to the industry.

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Honey Wine Market - The global honey wine market size was valued at USD 408.45 million in 2018. The market is estimated to expand further at a CAGR of 10.41% from 2019 to 2025.

Cooking Wine Market - The global cooking wine market size was valued at USD 320.5 million in 2019 and is expected to witness significant growth over the forecast period.

Wine Industry Segmentation

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

Wine Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Table Wine
• Dessert Wine
• Sparkling Wine

Wine Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2028)

• On-trade
• Off-trade

Wine Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America

• MEA (Middle East & Africa)

Market Share Insights:

July 2020: Constellation Brands acquired Empathy Wines, a direct-to-consumer wine brand, with the aim of winning space on digital shelves.

Key Companies profiled:

Some prominent players in the global Wine Industry include

• Asahi Group Holdings, Ltd.
• Beijing Yanjing Beer Group Corporation
• The Wine Group
• Castel Frères
• Accolade Wines
• Constellation Brands
• Treasury Wine Estates (TWE)
• Pernod Ricard
• & J. Gallo Winery
• Viña Concha y Toro

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North America Memory Supplements Market PESTEL Analysis and Key Growth Opportunities, 2028

North America Memory Supplements Industry Overview

The North America memory supplements market size was valued at USD 731.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. The market is anticipated to witness significant growth in the next few years on account of the surging number of self-directed consumers and growing awareness of these products among students and the elderly. The COVID-19 pandemic has led to the strict imposition of lockdown and stay-at-home orders across North America. Such restrictions have led to job losses, extended working hours, less work-life balance, and limited social interaction. During this period, people were confined to their homes, which severely impacted their mental health.

The COVID-19 pandemic has fueled the demand for memory supplements among consumers mainly because of two reasons: the deteriorating mental and emotional state of people and elderly people who are suffering from Alzheimer’s and dementia. Thus, these consumers are increasingly spending on memory supplements due to the uncertainty associated with the continued COVID-19 cases across the region.

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With the growing awareness and rising concerns related to individual productivity, the demand for memory supplements is expected to increase from consumers. Moreover, an increasing number of students and working individuals have been looking for additional ways to gain a competitive advantage in their respective fields and achieve high productivity. This scenario is expected to favor the growth of the market over the next few years.

Additionally, college students exhibit the maximum need for dynamic cognitive functioning, which drains their brainpower. This is anticipated to drive the demand for memory supplements, particularly nootropics, which are known to boost learning ability and improve brain health. The acceptance of brain health supplements is a growing trend observed in the nutritional supplements industry. The rising consumer focus on mental health and well-being is favoring the market growth.

Over the past few years, consumers have been opting for naturally derived supplements. Green tea, matcha tea, Kucha tea, beets, eggs, spinach, peanuts, liver, arctic root, brahmi, turmeric, pine bark, ginseng, and fish oil are among the popular natural ingredients used in memory supplements. The growing vegan population in North America is anticipated to boost the demand for plant-based supplements in the upcoming years.

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Nutritional Supplements Market - The global nutritional supplements market size is expected to reach USD 358.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.

Brain Health Supplements Market - The brain health supplements market size was valued at USD 7.68 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030.  

North America Memory Supplements Industry Segmentation

Grand View Research has segmented the North America memory supplements market on the basis of product, distribution channel, and country:

North America Memory Supplement Product Outlook (Revenue, USD Million, 2016 - 2028)

• Natural Molecules
• Herbal Extract
• Vitamins & Minerals

North America Memory Supplement Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

North America Memory Supplement Country Outlook (Revenue, USD Million, 2016 - 2028)

• U.S.
• Canada
• Mexico

Market Share Insights:

March 2021: Quincy Bioscience sponsored the ‘Memories’ segment of Wheel of Fortune, an American game show. This will enhance the awareness of the company’s products among the millions of viewers of the show.

Key Companies profiled:

Some prominent players in the North America Memory Supplements Industry include

• HVMN Inc.
• Reckitt Benckiser Group plc
• Synergy CHC Corp.
• Purelife Bioscience Co., Ltd.
• AlternaScript LLC
• Liquid Health, Inc.
• Natural Factors Nutritional Products Ltd.
• Onnit Labs, Inc.
• Quincy Bioscience
• Snap Supplements

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Europe Glassware Market is Driven by Rising Number of Bars, Pubs, Eateries, and Restaurants

Europe Glassware Industry Overview

The Europe glassware market size to be valued at USD 4.01 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 8.8% during the forecast period. The expansion of residential and commercial places, rising disposable income, and changing lifestyles are expected to drive the product demand over the forecast period. The growing commercial sectors, especially the hospitality sector, are influencing market growth. As per Horwath HTL, Germany has witnessed a 9% increase in hotel brand, Poland has witnessed a 12% increase in hotel brand, and Croatia has witnessed a 115% increase in hotel brand, among others. This has prompted other players in the hospitality sector to upgrade their products and services to gain a competitive advantage over new entrants. This factor is expected to majorly contribute to the demand for glassware in the hospitality sector over the coming years.

Moreover, numerous bars and pubs in the region are acting as a major driver for the market. Royal wedding, heatwave, and football world cup in 2018 saw a significant increase in the demand for bars and pubs. Consumers have continued to be resilient, despite the uncertain political and economic environment that we currently live in, and actual spending in pubs and bars increased in 2019.

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Wine consumption at pubs and bars has grown strongly over the past five years and is expected to generate 11% of industry revenue in 2018-19. As a more sophisticated approach to wine drinking has become a trend, pubs and bars have responded by increasing their range of wines available, resulting in an increase in wine sales. 71% of the adult drinking population drinks wine, which is around 30 million wine drinkers in the U.K. (WSTA).

Stringent government regulations pertaining to the use of lead in glassware are increasing the transparency of the products among consumers in the market. Under Glazed Ceramics and Glassware Regulations (GCGR), the government protected the public by setting legal limits on the amount of leachable lead or cadmium in all glazed ceramic or glass food ware products.

The regulations apply to all the glazed ceramic and glass products imported, advertised, or sold that are intended to be used or may be used in storing, preparing, or serving food and drinks. However, glass drinking vessels that are not coated with a glaze but have exterior decorative glazing within 20 millimeters of the lip or rim must meet the leachable lead and cadmium limits.

The growing popularity of the direct-to-consumer business model is supporting the growth of new entrants in the market. Companies are focusing on this sales channel in order to increase profit margins. For instance, in 2017, Kathryn Duryea, a Stanford MBA graduate, launched Year & Day, a direct-to-consumer tableware and wine glasses, tall glasses, and short glasses company. As per Forbes, Year & Day has witnessed approximately 300% year-to-date revenue growth in 2019 over 2018. In order to increase penetration among consumers, manufacturers are increasingly spending on advertising and marketing. Social media and e-commerce are likely to create and open new opportunities for companies operating in the market for glassware.

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Commercial Tabletop Kitchen Products Market - The global commercial tabletop kitchen products market size was valued at USD 9.93 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028.

Beer Glassware Market - The global beer glassware market size was valued at USD 375.5 million in 2018. Rising consumption of beer among youth population, particularly among females coupled with rise of after-work drinking culture is driving the market growth.

Europe Glassware Industry Segmentation

Grand View Research has segmented the Europe glassware market on the basis of product, distribution channel, branding, and country:

Europe Glassware Product Outlook (Revenue, USD Million, 2016 - 2028)

• Beer Glass
• Wine Glass
• Cocktail Glass
• Spirits Glass
• Others

Europe Glassware Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Supermarkets & Hypermarkets
• Specialty Stores
• Online Retail
• Others

Europe Glassware Branding Outlook (Revenue, USD Million, 2016 - 2028)

• Branded Glassware
• Non-branded Glassware     

Market Share Insights:

October 2021: Oneida Consumer LLC was acquired by Lenox Corporation, along with its line of tabletop items such as flatware, tableware, and cutlery. The alliance was formed in order to advertise a significant portfolio of brands and advanced products with excellent client awareness through a variety of retail channels

October 2020: Libbey Inc. declared the approval of a reorganization plan, aiming to finish its court-supervised restructure and emerge with a stronger balance sheet. This announcement was issued by the corporation in order to prosper in the present business operating climate

Key Companies profiled:

Some prominent players in the Europe Glassware Industry include

• ÅžiÅŸecam Glassware
• Villeroy & Boch AG
• Fiskars Group
• Lifetime Brands, Inc.
• Ritzenhoff AG
• Steelite International
• Alessi S.p.A.
• Arc International
• Oertel & Co. Kristallglas
• Bormioli Rocco S.p.A.

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Rising Instances of Home Remodelling Projects Is Revamping the Growth of the Bathroom Accessories Market

Bathroom Accessories Industry Overview

The global bathroom accessories market size was valued at USD 17.05 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.2% from 2021 to 2028. With the increasing expansion of real estate as well as commercial construction, the bathroom fittings industry is bound to receive a major boost, thereby propelling the demand for bathroom accessories. In addition, the rising disposable income and changing lifestyles of consumers in emerging markets, like China and India, are anticipated to spur market growth in the forthcoming years. For instance, according to Knoema, the world’s leisure travel and tourism spending was estimated at USD 4,687 billion in 2019. This indicates that consumers are increasingly willing to spend on a quality lifestyle, which eventually expands the scope of the market.

Increased spending on home improvement projects or home remodeling is boosting product demand. This trend is primarily fueled by rising home prices and mortgage rates being at an all-time low. Growing home values have doubled homeowners’ equity in the period of five years till 2019, indicating a surge in spending capacity on home improvement. According to the National Association of Realtors (NAR), existing-home sales rose by 10.5% y-o-y to a seasonally adjusted annual rate of 6 million units in August 2020.

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Likewise, according to the U.S. Census Bureau, new homes sold soared 43.2% y-o-y to a seasonally adjusted annual rate of 1,011,000 units in August 2020. Furthermore, house prices in Canada grew 4.6% YoY in November 2020, following an increase of 3.9% YoY in the previous month.

Moreover, an increase in the average number of bathrooms in U.S. households is leading to greater adoption of newer plumbing fixtures. In the past half-century, the number of bathrooms per person in America has doubled. Also, the share of houses with 10 or more bathrooms has doubled in the past decade, according to a January 2020 blog by The Atlantic. According to the U.S. Census Bureau, of the 903,000 single-family homes completed in 2019, 32,000 had one and one-half bathrooms or less and 296,000 homes had three or more bathrooms. This trend is projected to upscale the demand for plumbing fixtures.

In addition, the growth of the portable sanitation industry poses a major opportunity for manufacturers to derive market growth for bathroom accessories. According to the Portable Sanitation Association International, there were 3.6 million portable restrooms in service across the globe in 2019, with the English-speaking North American region representing between 2.0 million and 2.2 million that year. Thus, increasing construction activities in this industry pose several growth prospects for the market across the globe.

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Bathroom and Toilet Assist Devices Market - The global bathroom and toilet assist devices market size was valued at USD 3.5 billion in 2016, exhibiting a CAGR of 6.2% during the forecast period.

Bath Furnishing Market - The global bath furnishing market size was valued at USD 37.8 billion in 2018 and is estimated to expand at a CAGR of 3.3% for the forecast period.

Bathroom Accessories Industry Segmentation

Grand View Research has segmented the global bathroom accessories market on the basis of product and region:

Bathroom Accessories Product Outlook (Revenue, USD Million, 2016 - 2028)

• Towel Rack/Ring
• Hook
• Paper Holder
• Grab Bars
• Others

Bathroom Accessories Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America
• MEA (Middle East & Africa)

Market Share Insights:

March 2020: Vogue (UK) launched a new aluminum astute towel warmer that is extremely lightweight, making it suitable for installation on any type of internal wall.

Key Companies profiled:

Some prominent players in the global Bathroom Accessories Industry include

• LIXIL Group Corporation
• TOTO Ltd.
• Kohler Co.
• Roca Sanitario, S.A.
• Moen Incorporated
• Hansgrohe Group
• Gerber Plumbing Fixtures LLC
• Monarch Bath Pvt. Ltd.
• Bolina Holding Co., Ltd.
• ASI American Specialties, Inc.

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