• How Is Rising Smartphone Use Supporting AR and VR Market Growth?

    A number of factors such as the mounting focus of vendors on price reduction, surging penetration of tablet computers and smartphones, and increasing adoption of advanced technologies by enterprises will drive the augmented reality (AR) and virtual reality (VR) market at a CAGR of 42.9% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $37.0 billion in 2019, and it is projected to reach $1,274.4 billion revenue by 2030.

    One of the key growth drivers for the market is the surging adoption of smartphones and tablet computers across the world. Consumer electronics, such as tablets, smartphones, laptops, and gaming consoles, have become potential hardware interfaces for the associated applications. For instance, the 2018 "Measuring the Information Society Report" published by the International Telecommunication Union (ITU) states that the global average mobile subscription rate is 107.0 per 100 inhabitants. As per the report, almost every individual in the world resides within the reach of a mobile-cellular signal.

    In recent years, the escalating investments being made by tech corporations and venture capitalists in AR and VR start-ups have become a prominent trend in the AR and VR market. With these investments, start-ups and technology providing companies are focusing on introducing new and improved AR and VR products. For example, in 2019, Coursera, Guild Education, and BetterUp, which are some of the leading EdTech companies in the U.S., received $103 million from SEEK Group, $157 million from General Catalyst, and $103 million from Lightspeed Venture Partners, respectively.

    The device type segment of the AR and VR market is bifurcated into AR devices and VR devices. The AR devices category is further classified into head-mounted displays (HMDs), head-up displays (HUDs), and handheld devices. Whereas, the VR devices category is classified into HMDs, gesture-tracking devices, and projector and display walls. Under this segment, the HMDs category held the largest market share during the historical period (2014–2019), and it is expected to demonstrate significant growth during the forecast period, due to the booming demand for lightweight displays and soaring number of patented products.

    Geographically, North America accounted for the largest share in the AR and VR market during the historical period, and it is projected to register notable growth throughout the forecast period. This can be credited to the increasing application of AR and VR technologies in the e-commerce and healthcare industries in the region. Of the North American nations, the U.S. emerged as the global leader due to the existence of leading market players, such as AccuVein Inc., in the country.

    Whereas, the Asia-Pacific (APAC) region is expected to demonstrate the fastest growth in the AR and VR market throughout the forecast period. This will be due to the presence of a vast population of tech-savvy youth and the high popularity of AR- and VR-enabled gaming in the region. Due to these reasons, numerous leading players are focusing on introducing AR and VR devices in the region. For instance, in October 2019, LG Uplus Corporation and eyecandylab Corporation launched U+AR Shopping, an AR service for online shopping portals, in APAC.

    Thus, the rising use of smartphones and tablet computers and mounting investments being made in AR and VR start-ups will support the market growth in the foreseeable future.

    Read More: https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market
    How Is Rising Smartphone Use Supporting AR and VR Market Growth? A number of factors such as the mounting focus of vendors on price reduction, surging penetration of tablet computers and smartphones, and increasing adoption of advanced technologies by enterprises will drive the augmented reality (AR) and virtual reality (VR) market at a CAGR of 42.9% during the forecast period (2020–2030). According to P&S Intelligence, the market generated a revenue of $37.0 billion in 2019, and it is projected to reach $1,274.4 billion revenue by 2030. One of the key growth drivers for the market is the surging adoption of smartphones and tablet computers across the world. Consumer electronics, such as tablets, smartphones, laptops, and gaming consoles, have become potential hardware interfaces for the associated applications. For instance, the 2018 "Measuring the Information Society Report" published by the International Telecommunication Union (ITU) states that the global average mobile subscription rate is 107.0 per 100 inhabitants. As per the report, almost every individual in the world resides within the reach of a mobile-cellular signal. In recent years, the escalating investments being made by tech corporations and venture capitalists in AR and VR start-ups have become a prominent trend in the AR and VR market. With these investments, start-ups and technology providing companies are focusing on introducing new and improved AR and VR products. For example, in 2019, Coursera, Guild Education, and BetterUp, which are some of the leading EdTech companies in the U.S., received $103 million from SEEK Group, $157 million from General Catalyst, and $103 million from Lightspeed Venture Partners, respectively. The device type segment of the AR and VR market is bifurcated into AR devices and VR devices. The AR devices category is further classified into head-mounted displays (HMDs), head-up displays (HUDs), and handheld devices. Whereas, the VR devices category is classified into HMDs, gesture-tracking devices, and projector and display walls. Under this segment, the HMDs category held the largest market share during the historical period (2014–2019), and it is expected to demonstrate significant growth during the forecast period, due to the booming demand for lightweight displays and soaring number of patented products. Geographically, North America accounted for the largest share in the AR and VR market during the historical period, and it is projected to register notable growth throughout the forecast period. This can be credited to the increasing application of AR and VR technologies in the e-commerce and healthcare industries in the region. Of the North American nations, the U.S. emerged as the global leader due to the existence of leading market players, such as AccuVein Inc., in the country. Whereas, the Asia-Pacific (APAC) region is expected to demonstrate the fastest growth in the AR and VR market throughout the forecast period. This will be due to the presence of a vast population of tech-savvy youth and the high popularity of AR- and VR-enabled gaming in the region. Due to these reasons, numerous leading players are focusing on introducing AR and VR devices in the region. For instance, in October 2019, LG Uplus Corporation and eyecandylab Corporation launched U+AR Shopping, an AR service for online shopping portals, in APAC. Thus, the rising use of smartphones and tablet computers and mounting investments being made in AR and VR start-ups will support the market growth in the foreseeable future. Read More: https://www.psmarketresearch.com/market-analysis/augmented-reality-and-virtual-reality-market
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    AR and VR Market Size & Growth Forecast Report, 2022-2030
    The AR and VR market was valued at $28.5 billion in 2021, and it is expected to reach $200.1 billion by 2030, growing at a CAGR of 24.2% between 2021 and 2030.
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  • India digital payment market is expected to witness double digit CAGR during the forecast period owing to government’s emphasis on promoting digitalization with introduction ‘Digital India’ campaign. The growing trend of cashless payment methods such as mobile wallets, internet banking, mobile banking and PoS are acting as key growth drivers for this market. In addition to this, India’s large population with high smart phone penetration and increasing internet penetration are supporting the growth of India digital payment market. Also, digital payments have made banking services more accessible to a wider population and have diminished the pain points that are involved in traditional services such as NEFT and RTGS. This is further fueling the growth of digital payment market in India.

    Major players operating in India digital payment market include PayPal Payments Private Limited, Paytm Payments Bank Limited, Google Pay India, Bharat Interface For Money (BHIM), PayU Payments Private Limited, Amazon Pay, PhonePe, Razorpay Software Pvt Ltd., India Transact Services Ltd., PayKun Payment Solutions Private Limited and http://PayBingo.in., among others. The market players are undertaking growth strategies such as partnerships and acquisitions and are investing on latest technologies to increase their revenue share in the country.

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    India digital payment market is expected to witness double digit CAGR during the forecast period owing to government’s emphasis on promoting digitalization with introduction ‘Digital India’ campaign. The growing trend of cashless payment methods such as mobile wallets, internet banking, mobile banking and PoS are acting as key growth drivers for this market. In addition to this, India’s large population with high smart phone penetration and increasing internet penetration are supporting the growth of India digital payment market. Also, digital payments have made banking services more accessible to a wider population and have diminished the pain points that are involved in traditional services such as NEFT and RTGS. This is further fueling the growth of digital payment market in India. Major players operating in India digital payment market include PayPal Payments Private Limited, Paytm Payments Bank Limited, Google Pay India, Bharat Interface For Money (BHIM), PayU Payments Private Limited, Amazon Pay, PhonePe, Razorpay Software Pvt Ltd., India Transact Services Ltd., PayKun Payment Solutions Private Limited and http://PayBingo.in., among others. The market players are undertaking growth strategies such as partnerships and acquisitions and are investing on latest technologies to increase their revenue share in the country. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=5164 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/india-digital-payment-market/5164.html
    India Digital Payment Market By Size, Share, Trends, Growth Forecast 2026| TechSci Research
    India Digital Payment Market By Size, Share, Trends, Growth Forecast 2026, Segmented By Type, Services, By Vertical, By Region, Competition Forecast and Opportunities
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  • Proanthocyanidins Market Projected to Skyrocket with a Valuation Surge by 2030
    The Proanthocyanidins market has witnessed remarkable growth in recent years, driven by increasing awareness of the potential health benefits these natural compounds offer. Proanthocyanidins are a group of polyphenolic flavonoids found abundantly in various plant sources, such as grapes, apples, berries, and cocoa. Renowned for their potent antioxidant properties, these compounds have captured the attention of both consumers and researchers alike.
    The global proanthocyanidins market size is expected to reach US$ 372.41 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.4% CAGR between 2020 and 2030. According to the report, the increased incidence and prevalence of lifestyle-related diseases like diabetes and cardiovascular disorders have strengthened the need for proanthocyanidin supplements.
    Stay ahead of the curve with our in-depth PDF report on the Proanthocyanidins Market. Access key market insights and stay informed about emerging trends! https://www.futuremarketinsights.com/reports/sample/rep-gb-11423
    The increasing demand for anti-cancer food products in populations around the world also drives the industry for foodstuffs rich in proanthocyanidins. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
    Proanthocyanidins are reduced tannins with several pharmacological functions. They are considered as phytochemicals that have defense and offensive molecules that offer several health benefits. Proanthocyanidins have several health-beneficial properties that are antioxidant, antidiabetic, anticancer, antimicrobial, and neuroprotective.
    Due to this, they have a multitude of uses in pharmaceuticals and nutraceutical industries. Food processing waste and agricultural wastes contain huge proanthocyanidins amount that can be a viable source for functional ingredients and dietary supplements.
    Key Market Dynamics:
    1. Health Benefits Driving Demand: The increased incidence of lifestyle-related diseases like diabetes and cardiovascular disorders has strengthened the need for proanthocyanidin supplements.
    2. Rising Demand for Anti-Cancer Products: The global demand for food products rich in proanthocyanidins is on the rise, driven by a growing interest in anti-cancer food items.
    3. Growing Aging Population in North America: North America, particularly the United States, has experienced a significant rise in the aging population, leading to increased consumption of healthy food and a growing demand for pharmaceuticals containing proanthocyanidins.
    Get Full Access of this Report! https://www.futuremarketinsights.com/checkout/11423
    Impact of COVID-19:
    The aversion behavior of consumers due to the COVID-19 outbreak may impact proanthocyanidins consumption, with disruptions in supply chains and changes in buying patterns. However, opportunities for manufacturers have arisen due to panic buying, strengthening the supply chain.
    Key Players:
    Major players in the Proanthocyanidins market include NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific, and others. High investments in developing proanthocyanidin products and research to enhance benefits are driving market growth.
    Proanthocyanidins Market – Key Research Findings:
    1. The global Proanthocyanidins market will expand at a CAGR of 6.4% over 2020-2030.
    2. Grapes seed remains the preferred source, with cranberry gaining gradual traction.
    3. North America is the market front-runner for Proanthocyanidins.
    Access the Complete Report Methodology Now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-11423
    Proanthocyanidins Market Taxonomy
    The global Proanthocyanidins Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
    Application
    • Food & Beverages
    • Dietary supplements
    • Personal Care & Cosmetics
    Source
    • Pine Bark
    • Grape Seed
    • Berries
    Distribution Channel
    • Drug and pharmacy store
    • Convenience stores
    • Modern Trade
    • Online retail
    Region
    • North America
    • Latin America
    • Europe
    • Asia
    • Oceania
    • MEA
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    Proanthocyanidins Market Projected to Skyrocket with a Valuation Surge by 2030 The Proanthocyanidins market has witnessed remarkable growth in recent years, driven by increasing awareness of the potential health benefits these natural compounds offer. Proanthocyanidins are a group of polyphenolic flavonoids found abundantly in various plant sources, such as grapes, apples, berries, and cocoa. Renowned for their potent antioxidant properties, these compounds have captured the attention of both consumers and researchers alike. The global proanthocyanidins market size is expected to reach US$ 372.41 Mn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.4% CAGR between 2020 and 2030. According to the report, the increased incidence and prevalence of lifestyle-related diseases like diabetes and cardiovascular disorders have strengthened the need for proanthocyanidin supplements. Stay ahead of the curve with our in-depth PDF report on the Proanthocyanidins Market. Access key market insights and stay informed about emerging trends! https://www.futuremarketinsights.com/reports/sample/rep-gb-11423 The increasing demand for anti-cancer food products in populations around the world also drives the industry for foodstuffs rich in proanthocyanidins. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. Proanthocyanidins are reduced tannins with several pharmacological functions. They are considered as phytochemicals that have defense and offensive molecules that offer several health benefits. Proanthocyanidins have several health-beneficial properties that are antioxidant, antidiabetic, anticancer, antimicrobial, and neuroprotective. Due to this, they have a multitude of uses in pharmaceuticals and nutraceutical industries. Food processing waste and agricultural wastes contain huge proanthocyanidins amount that can be a viable source for functional ingredients and dietary supplements. Key Market Dynamics: 1. Health Benefits Driving Demand: The increased incidence of lifestyle-related diseases like diabetes and cardiovascular disorders has strengthened the need for proanthocyanidin supplements. 2. Rising Demand for Anti-Cancer Products: The global demand for food products rich in proanthocyanidins is on the rise, driven by a growing interest in anti-cancer food items. 3. Growing Aging Population in North America: North America, particularly the United States, has experienced a significant rise in the aging population, leading to increased consumption of healthy food and a growing demand for pharmaceuticals containing proanthocyanidins. Get Full Access of this Report! https://www.futuremarketinsights.com/checkout/11423 Impact of COVID-19: The aversion behavior of consumers due to the COVID-19 outbreak may impact proanthocyanidins consumption, with disruptions in supply chains and changes in buying patterns. However, opportunities for manufacturers have arisen due to panic buying, strengthening the supply chain. Key Players: Major players in the Proanthocyanidins market include NOW Health Group, Inc., Bio Botanica, Inc., Ocean Spray Cranberries, Inc., IL Health & Beauty Natural Oils Co., Inc., Swanson Health Products, Inc., Atrium Innovations Inc., Skin Actives Scientific, and others. High investments in developing proanthocyanidin products and research to enhance benefits are driving market growth. Proanthocyanidins Market – Key Research Findings: 1. The global Proanthocyanidins market will expand at a CAGR of 6.4% over 2020-2030. 2. Grapes seed remains the preferred source, with cranberry gaining gradual traction. 3. North America is the market front-runner for Proanthocyanidins. Access the Complete Report Methodology Now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-11423 Proanthocyanidins Market Taxonomy The global Proanthocyanidins Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers. Application • Food & Beverages • Dietary supplements • Personal Care & Cosmetics Source • Pine Bark • Grape Seed • Berries Distribution Channel • Drug and pharmacy store • Convenience stores • Modern Trade • Online retail Region • North America • Latin America • Europe • Asia • Oceania • MEA Contact Us: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 For Sales Enquiries: sales@futuremarketinsights.com Browse Other Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs
    Proanthocyanidins Market - Sample | Future Market Insights
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  • How Is Booming Mobile Phone Sales Supporting RF Transceiver Market Growth?

    The surging adoption of mobile communication technologies, such as 5G and 4G, burgeoning demand for mobile devices, and rising adoption of the internet of things (IoT) technology will propel the radiofrequency (RF) transceiver market at a CAGR of 0.8% during the forecast period (2020–2030). The market was valued at $3,892.1 million in 2019 and it is projected to reach $3,384.5 million revenue by 2030, on account of the decline in the prices of RF transceivers. In recent years, the escalating demand for wideband transceivers has become a prominent market trend.

    One of the key growth drivers for the market is the escalating usage of mobile phones across the world. According to the International Telecommunication Union (ITU) World Telecommunication Database, in 2019, 7.98 billion people across the world were using mobile phones. In recent years, these devices have rapidly penetrated the developing countries, such as India and China, due to their prospering economies, escalating disposable income of people, and growing public awareness of connected devices and new technologies.

    Currently, the RT transceiver market is highly consolidated and competitive, with the presence of several global players. Some of the key players in the market are Skyworks Solutions Inc., Fujitsu Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation, Qualcomm Incorporated, Huawei Technologies Co. Ltd., Broadcom Inc., Murata Manufacturing Co. Ltd., Qorvo Inc., Nokia Corporation, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., ON Semiconductor Corporation, Texas Instruments Incorporated, Samsung Electronics Co. Ltd., and Infineon Technologies AG.

    Categories under the application segment of the RF transceiver market are mobile devices, embedded modules, add-on cards, routers, and others, such as gaming and customized devices. Under this segment, the mobile devices category generated the highest revenue in 2019, due to the burgeoning reliance of people on wireless communication networks. Moreover, the rapid adoption of mobile phones in Asia-Pacific (APAC) countries, such as Japan, India, and China, is also facilitating the growth of this category.

    Geographically, APAC accounted for the largest share in the RF transceiver market in 2019, and it is expected to maintain its dominance throughout the forecast period. This can be attributed to the growing adoption of wireless communication devices, accelerating demand for video streaming, and surging advancements in IoT technology in the region. Moreover, the increasing deployment of 5G in China, owing to the Made in China 2025 plan of the government, is also driving the market growth in APAC. Additionally, the rising use of cloud computing and AI technologies will support the market growth in the region, in the coming years.

    Whereas, the Latin American (LATAM) RF transceiver market is projected to demonstrate the fastest growth during the forecast period, due to the soaring internet penetration and increasing adoption of 4G and 5G and smartphones in the region. Besides, the mounting investments being made by mobile operators in their content and media capabilities, 5G services, and IoT applications will also contribute to the market growth in the region. Moreover, the upgradation of large and ultra-large data centers from 10 G transceivers to 100 G and 40 G transceivers, for obtaining higher digital signal transmission speed, will also drive the market growth in LATAM.

    Therefore, the booming smartphone sales and surging internet penetration will steer the market growth in the coming years.

    Read More: https://www.psmarketresearch.com/market-analysis/rf-transceiver-market
    How Is Booming Mobile Phone Sales Supporting RF Transceiver Market Growth? The surging adoption of mobile communication technologies, such as 5G and 4G, burgeoning demand for mobile devices, and rising adoption of the internet of things (IoT) technology will propel the radiofrequency (RF) transceiver market at a CAGR of 0.8% during the forecast period (2020–2030). The market was valued at $3,892.1 million in 2019 and it is projected to reach $3,384.5 million revenue by 2030, on account of the decline in the prices of RF transceivers. In recent years, the escalating demand for wideband transceivers has become a prominent market trend. One of the key growth drivers for the market is the escalating usage of mobile phones across the world. According to the International Telecommunication Union (ITU) World Telecommunication Database, in 2019, 7.98 billion people across the world were using mobile phones. In recent years, these devices have rapidly penetrated the developing countries, such as India and China, due to their prospering economies, escalating disposable income of people, and growing public awareness of connected devices and new technologies. Currently, the RT transceiver market is highly consolidated and competitive, with the presence of several global players. Some of the key players in the market are Skyworks Solutions Inc., Fujitsu Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation, Qualcomm Incorporated, Huawei Technologies Co. Ltd., Broadcom Inc., Murata Manufacturing Co. Ltd., Qorvo Inc., Nokia Corporation, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., ON Semiconductor Corporation, Texas Instruments Incorporated, Samsung Electronics Co. Ltd., and Infineon Technologies AG. Categories under the application segment of the RF transceiver market are mobile devices, embedded modules, add-on cards, routers, and others, such as gaming and customized devices. Under this segment, the mobile devices category generated the highest revenue in 2019, due to the burgeoning reliance of people on wireless communication networks. Moreover, the rapid adoption of mobile phones in Asia-Pacific (APAC) countries, such as Japan, India, and China, is also facilitating the growth of this category. Geographically, APAC accounted for the largest share in the RF transceiver market in 2019, and it is expected to maintain its dominance throughout the forecast period. This can be attributed to the growing adoption of wireless communication devices, accelerating demand for video streaming, and surging advancements in IoT technology in the region. Moreover, the increasing deployment of 5G in China, owing to the Made in China 2025 plan of the government, is also driving the market growth in APAC. Additionally, the rising use of cloud computing and AI technologies will support the market growth in the region, in the coming years. Whereas, the Latin American (LATAM) RF transceiver market is projected to demonstrate the fastest growth during the forecast period, due to the soaring internet penetration and increasing adoption of 4G and 5G and smartphones in the region. Besides, the mounting investments being made by mobile operators in their content and media capabilities, 5G services, and IoT applications will also contribute to the market growth in the region. Moreover, the upgradation of large and ultra-large data centers from 10 G transceivers to 100 G and 40 G transceivers, for obtaining higher digital signal transmission speed, will also drive the market growth in LATAM. Therefore, the booming smartphone sales and surging internet penetration will steer the market growth in the coming years. Read More: https://www.psmarketresearch.com/market-analysis/rf-transceiver-market
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    RF Transceiver Market | Drivers and Growth Forecast, 2030
    The global radiofrequency (RF) transceiver market share was valued at $3892.1 million in 2019, and it is projected to witness a CAGR of 0.8% in between 2020–2030. A key factor contributing to the growth of the RF transceiver market is the surging usage of smartphones across the world.
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  • Imitation Whipped Cream Market Poised to Surpass USD 2.08 Billion by 2032
    By 2022, the market for imitation whipped cream will be valued at USD 1.1 billion, growing at a CAGR of 6.6% between 2022 and 2032. The imitation whipped cream market is anticipated to reach a value of USD 2.08 billion by 2032.
    According to the report, the rising demand for imitation whipped cream in the food and beverage industry will fuel market growth. The report offers a comprehensive market overview, covering prevailing trends and opportunities. It also highlights key growth drivers and restraints to offer refined forecasts on growth opportunities.
    Key Market Dynamics:
    1. Rising Demand in Food and Beverage Industry: The report highlights the growing demand for imitation whipped cream in the food and beverage industry as a key driver for market growth.
    2. Preference for Plant-Based Alternatives: Changing consumer preferences, particularly among millennials, towards plant-based ingredients contribute to the market’s expansion.
    To Get a Sample Copy of the Report visit
    https://www.futuremarketinsights.com/reports/sample/rep-gb-419
    Imitation whipped cream is produced using either vegetable oils or plant-based milk and is then spray-dried to achieve change them into a powder form. Imitation whipped cream in the powdered form has the highest economic contribution due to its higher shelf life, which has an impact on the choice of consumers as well as the retailers that sell the product.
    Imitation whipped cream is easily storable and does not require any additional efforts. Consisting imitation whipped cream in supermarkets is also easier and more cost-effective as these non-dairy creamers have an extended life. Thus, the value of imitation whipped cream is higher in the global market.
    It includes in-depth insights into the imitation whipped cream market. Some of these are:
    • The estimated value of the market was at US$ 958.7 Mn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
    • Asia Pacific excluding Japan recorded high growth in the global imitation whipped cream market in the year 2020.
    • Imitation whipped cream markets Europe and North America will remain lucrative through the forecast period.
    • Conventional imitation whipped cream is expected to remain the dominant segment in terms of the nature of imitation whipped cream.
    • Players in the market are likely to focus on research and development to find new sources to make plant-based whipped cream and imitating whipped cream frosting.
    “Rising popularity of plant-based ingredients in the food and beverage industry is anticipated to drive the imitation whipped cream market. It is also expected to benefit from increasing preference for coffee and ready to drink beverages among millennial. Changing consumption habits, coupled with focus on health and wellness will steer growth in favour of the market,” Nandini Roy Choudhury, Client Partner at Future Market Insights
    Shifting Consumers’ Preferences towards Plant-Based Dairy Alternatives
    The dairy-usage among the consumers has persisted due unavailability of adequate options in dairy-alternatives and the need for nutrients that only dairy can fulfil. But the change of trend has been observed in recent as producers are coming with a wide range of products in dairy alternatives with variations in color, base and type of these products. Dairy products are preferred more traditionally and manufacturers cannot experiment much with them. With millennial and present-day consumers looking for more options in dairy products, imitation whipped cream market may gain impetus. The variety of imitation whipped cream recipe is plenty. It can be used in different food and beverage preparations, which is a key factor enabling growth in the market.
    Dip in Demand Likely as Restaurants and Food Chains Remain Shuttered due to COVID-19
    The global food industry is significantly affected by the COVID-19 outbreak, which has resulted in temporary closures of restaurants and food chains. Hence, HoReCa running out of businesses, it could be a major setback for imitation whipped cream market. Nonetheless, the market will pick up once operations in food service industry resumes. Until then, lockdown and preventive measures imposed across nations may curb growth prospects for the market.
    Who is winning?
    Some of the key players operating in the imitation whipped cream s market are Kraft Heinz Company, Rich Products Corporation, Nestlé S.A, Danone, Trader Joe’s Company, Kerry Group, and more tier two players.
    Due to the rising popularity of plant-based food, manufacturers of whipped cream are improving their product offerings. Along with this, they are focusing on technical developments in production technology. Besides these, they are adopting strategies such as merger and acquisitions and collaborating with local/ regional producers across the emerging market to expand their global footprint. These companies are mainly focusing on catering to meet the ongoing trend in the millennium.
    The global imitation whipped cream market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
    Nature
    • Organic
    • Conventional
    Form
    • Powder
    • Liquid
    Product Type
    • Soy Creamer
    • Almond Creamer
    • Oat Creamer
    • Coconut Creamer
    • Rice Creamer
    • Cashew Creamer
    • Coffee Creamer
    • Vegetable Cooking Cream
    • Other Product Types
    End-Use
    • HoReCa/Food Service
    • Food & Beverage Processing
    • Food Premixes
    • Soups and Sauces
    • Beverage Mixes
    • Coffee Mixes
    • Tea Mixes
    • Bakery Products and Ice Cream
    • RTD Beverages
    • Others
    • Infant Food
    • Prepared and Packaged Food
    • Household/Retail
    Sales Channel
    • Direct Sales
    • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Departmental Store
    • Online Retailers
    • Specialty Store
    • Other Sales Channel

    Imitation Whipped Cream Market Poised to Surpass USD 2.08 Billion by 2032 By 2022, the market for imitation whipped cream will be valued at USD 1.1 billion, growing at a CAGR of 6.6% between 2022 and 2032. The imitation whipped cream market is anticipated to reach a value of USD 2.08 billion by 2032. According to the report, the rising demand for imitation whipped cream in the food and beverage industry will fuel market growth. The report offers a comprehensive market overview, covering prevailing trends and opportunities. It also highlights key growth drivers and restraints to offer refined forecasts on growth opportunities. Key Market Dynamics: 1. Rising Demand in Food and Beverage Industry: The report highlights the growing demand for imitation whipped cream in the food and beverage industry as a key driver for market growth. 2. Preference for Plant-Based Alternatives: Changing consumer preferences, particularly among millennials, towards plant-based ingredients contribute to the market’s expansion. To Get a Sample Copy of the Report visit https://www.futuremarketinsights.com/reports/sample/rep-gb-419 Imitation whipped cream is produced using either vegetable oils or plant-based milk and is then spray-dried to achieve change them into a powder form. Imitation whipped cream in the powdered form has the highest economic contribution due to its higher shelf life, which has an impact on the choice of consumers as well as the retailers that sell the product. Imitation whipped cream is easily storable and does not require any additional efforts. Consisting imitation whipped cream in supermarkets is also easier and more cost-effective as these non-dairy creamers have an extended life. Thus, the value of imitation whipped cream is higher in the global market. It includes in-depth insights into the imitation whipped cream market. Some of these are: • The estimated value of the market was at US$ 958.7 Mn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth. • Asia Pacific excluding Japan recorded high growth in the global imitation whipped cream market in the year 2020. • Imitation whipped cream markets Europe and North America will remain lucrative through the forecast period. • Conventional imitation whipped cream is expected to remain the dominant segment in terms of the nature of imitation whipped cream. • Players in the market are likely to focus on research and development to find new sources to make plant-based whipped cream and imitating whipped cream frosting. “Rising popularity of plant-based ingredients in the food and beverage industry is anticipated to drive the imitation whipped cream market. It is also expected to benefit from increasing preference for coffee and ready to drink beverages among millennial. Changing consumption habits, coupled with focus on health and wellness will steer growth in favour of the market,” Nandini Roy Choudhury, Client Partner at Future Market Insights Shifting Consumers’ Preferences towards Plant-Based Dairy Alternatives The dairy-usage among the consumers has persisted due unavailability of adequate options in dairy-alternatives and the need for nutrients that only dairy can fulfil. But the change of trend has been observed in recent as producers are coming with a wide range of products in dairy alternatives with variations in color, base and type of these products. Dairy products are preferred more traditionally and manufacturers cannot experiment much with them. With millennial and present-day consumers looking for more options in dairy products, imitation whipped cream market may gain impetus. The variety of imitation whipped cream recipe is plenty. It can be used in different food and beverage preparations, which is a key factor enabling growth in the market. Dip in Demand Likely as Restaurants and Food Chains Remain Shuttered due to COVID-19 The global food industry is significantly affected by the COVID-19 outbreak, which has resulted in temporary closures of restaurants and food chains. Hence, HoReCa running out of businesses, it could be a major setback for imitation whipped cream market. Nonetheless, the market will pick up once operations in food service industry resumes. Until then, lockdown and preventive measures imposed across nations may curb growth prospects for the market. Who is winning? Some of the key players operating in the imitation whipped cream s market are Kraft Heinz Company, Rich Products Corporation, Nestlé S.A, Danone, Trader Joe’s Company, Kerry Group, and more tier two players. Due to the rising popularity of plant-based food, manufacturers of whipped cream are improving their product offerings. Along with this, they are focusing on technical developments in production technology. Besides these, they are adopting strategies such as merger and acquisitions and collaborating with local/ regional producers across the emerging market to expand their global footprint. These companies are mainly focusing on catering to meet the ongoing trend in the millennium. The global imitation whipped cream market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers. Nature • Organic • Conventional Form • Powder • Liquid Product Type • Soy Creamer • Almond Creamer • Oat Creamer • Coconut Creamer • Rice Creamer • Cashew Creamer • Coffee Creamer • Vegetable Cooking Cream • Other Product Types End-Use • HoReCa/Food Service • Food & Beverage Processing • Food Premixes • Soups and Sauces • Beverage Mixes • Coffee Mixes • Tea Mixes • Bakery Products and Ice Cream • RTD Beverages • Others • Infant Food • Prepared and Packaged Food • Household/Retail Sales Channel • Direct Sales • Indirect Sales • Modern Trade • Convenience Store • Departmental Store • Online Retailers • Specialty Store • Other Sales Channel
    Imitation Whipped Cream Market - Sample | Future Market Insights
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