Market Analysis And Research Reports: August 2019

Wednesday 21 August 2019

Electric Guitars Market Product Capacity, Production, Value, Consumption 2019-2025

[21 Aug 2019] The global electric guitar market size is expected to reach USD 1.5 billion by 2025, expanding at a CAGR of 3.3% over the forecast period. Increasing number of live concerts and music festivals at the global level is expected to be a key factor for the market growth. In addition, rising importance of music enthusiasm among millennials is projected to fuel the demand for electric guitars.

Over the past few years, commercialization of musical events and concept of live music has evolved at a significant rate across the globe. The millennials across the globe are increasingly participating in these events, which is expected to open new avenues for the global market. According to the statistics provided by the MN2S Management Limited, one of the leading agencies for live music, DJ, and talent booking, U.K. has witnessed an increase of 12% in hosting live concerts and music festivals in 2018. Moreover, Germany witnessed a revenue of USD 2.1 billion for live music concerts in 2018. These trends are anticipated to propel the demand for electric guitars over the foreseeable future.

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Semi-hollow products are expected to witness the fastest growth over the next few years. These guitars are expected to gain popularity among the beginners as they are easy to handle and easy to play. Additionally, over the past few years, the majority of guitarists have been preferring the semi-hollow guitars as they provide jazzy hollow-body resonance and punchy rock and roll music.

Key players in the electric guitar market include Gibson Brands, Inc.; Fender Musical Instruments; Karl Hofner GmbH & Co. KG; Ibanez guitars; Yamaha Corporation; Michael Kelly Guitar Co.; ESP Company Limited; Cort Guitars; EDM Music; Epiphone; and Heritage Guitar Inc. Major manufacturers are launching new products in order to gain the maximum customer base. For instance, in July 2019, Heritage Guitar Inc. launched its new limited edition series of its standard collection under the brand name 'Heritage Artisan Aged H-530'. In addition, the companies are expected to increase the spending on launching product forms through e-commerce portals in order to address the increasing demand for electric guitars from smartphone users.

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Further key findings from the report suggest:

• Solid body electric guitar held the largest share of 70.2% in 2018 and is expected to maintain its lead owing to its property of amplifying louder tone without running into feedback issues

• Online is expected to be the fastest growing distribution channel with a CAGR of 3.8% from 2019 to 2025

• North America is anticipated to be the fastest growing market, expanding at a CAGR of 3.8% from 2019 to 2025 owing to increasing number of live music concepts across U.S.

• Product innovation is expected to remain a key strategy among the industry participants.

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Canned Mushroom Market Size (Value & Volume) By Key Players, Type, Application, and Region 2019-2025

[21 Aug 2019] The global canned mushroom market size is anticipated to reach USD 10.2 billion by 2025, expanding at a CAGR of 5.0% over the forecast period. Increasing demand for convenient food is a key factor driving the demand for canned mushroom over the forecast period. In addition, increasing consumption in India, China, and Japan is expected to provide growth opportunity for the market from 2019 to 2025.

Button mushroom dominated the market in 2018 and is expected to maintain its lead throughout the forecast period. Shiitake variety is expected to expand at the fastest CAGR of 5.7% from 2019 to 2025. Increasing consumption of shiitake mushroom in Japan, China, and other Asian countries is expected to drive the market over the forecast period. Moreover, growing popularity of mushroom among the vegan population is a key factor driving the demand for shiitake products.

The household segment led the market and held 53.9% share of global revenue in 2018. Shifting consumer preference for healthy and nutritional food is expected to fuel demand over the forecast period. Restaurants are expected to expand at the fastest CAGR of 5.3% from 2019 to 2025. Growing popularity of Chinese and Japanese food and soup is a key factor driving the demand for canned mushroom in restaurants over the forecast period.

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Asia Pacific dominated the global market and is expected to maintain its lead throughout the forecast period. Hectic working schedule has increased the demand for convenient food and ready-to-cook food. This trend has resulted in increasing demand for nutritional and healthy food, which, in turn, necessitated product launches in the region. Such factors are expected to increase the scope for the global market in the coming years.

Europe is expected to witness significant growth from 2019 to 2025. The market is driven by increasing consumption of packed food. Hectic working schedule has increased the demand for convenient food products. Moreover, changing lifestyle and eating habits resulted in increasing demand for nutritious food, and thus fueling the demand for the global market over the forecast period.

Key players operating in the market include Bonduelle Group; Giorgio Fresh Co.; and B&G Foods, Inc.; Costa Group.; Monterey Mushrooms, Inc.; OKECHAMP S.A.; Prochamp; THE MUSHROOM COMPANY; Shanghai Finc Food Co., Ltd.; and Dhruv Agro.

Further key findings from the report suggest:

• By product, the button segment is expected to reach USD 5.8 billion by 2025

• The restaurants application segment was valued at USD 3.4 billion in 2018

• China emerged as one of the largest markets in Asia Pacific, accounting for 28.0% share in 2018

• Top players operating in the canned mushroom market include Bonduelle Group; Giorgio Fresh Co.; and B&G Foods, Inc.

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Table of Contents:

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Continued...

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Vending Machine Market Competitive landscape and its growth prospects over the coming years 2019-2025

[21 Aug 2019] The global vending machine market size is expected to reach USD 56.96 billion by 2025. The market is estimated to register a CAGR of 9.4% over the forecast period. Improving standards of living, rising consumer disposable income levels, and demand for on-the-go meals and snacks are among the key factors responsible for market growth. Vending machines offer flexibility in terms of location i.e., indoor or outdoor and payment options and can be operated 24/7, which is also likely to boost their demand in offices and commercial places.

In addition, rising adoption of Internet-of-Things (IoT) is further projected to spur the market growth. Furthermore, continuous innovations, such as interactive display systems and cashless payment options, are anticipated to boost the product sales. In addition, advanced vending machines offer a number of products apart from hot and cold beverages, snacks, confectioneries, etc. For instance, in 2018, Pizza Deli 24/7 introduced a pizza vending machine that offers pizza in five flavors.

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Rapidly expanding corporate sector across the/ globe will also boost the product demand over the forecasted period, as a number of companies are using vending machines to save costs and space and maintain cleanliness. Growing popularity of various cashless payment options across all sectors is also increasing the product sales. Many companies in the market are partnering with several payment service companies to add cashless payment options to their devices. For instance, American Food and Vending formed a partnership with PayRange to install contactless payment mode on its vending machines.

Further key findings from the study suggest:

• Asia Pacific led the global vending machine market in 2018 and is estimated to expand further at the fastest CAGR of 10.7% from 2019 to 2025

• Cashless segment is estimated to witness the fastest growth at a CAGR of 10.2% over the forecasted period

• Some of the key companies in the global market include Azkoyen Group; Cantaloupe Systems; Westomatic Vending Services Ltd.; Royal Vendors, Inc.; Glory Ltd.; and Sanden Holding Corp.

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Table of Contents:

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Continued...

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Cinnamon Market Analysis, Research Report and Opportunity, Worldwide 2019-2025

[21 Aug 2019] The global cinnamon market size is anticipated to reach USD 1.9 billion by 2025, registering a 13.8% CAGR during the forecast period. Growing awareness among consumers related to the health benefits of cinnamon is a key factor driving the market. Cinnamon is a rich source of various minerals and nutrients, is loaded with anti-oxidants, acts as an anti-inflammatory, and has been known to have beneficial effects against diseases like diabetes, Alzheimer's, and HIV-1. These benefits are likely to spur product demand over the coming years.

Based on product type, Ceylon dominated market in 2018, accounting for more than 35.0% of the global revenue in 2018. The segment is expected to retain its dominance throughout the forecast period. This variety is native to Sri Lanka, which produces a majority of the spice. It is also cultivated for commercial use in Madagascar and Seychelles. Mexico is one of the leading consumers of Ceylon in the world, where the spice is used in several local dishes. Its ultra-low Coumarin content makes it a preferred variant among consumers. Ceylon cinnamon has also been witnessing significant demand in European countries like U.K., Belgium, and Italy owing to its unique flavor as well as beneficial health properties.

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In terms of application, the cinnamon market has been segmented into residential and commercial. The residential segment held a share of more than 50.0% in the global market in 2018. Increasing use of cinnamon in various dishes owing its sweet and spicy taste is the primary factor driving demand in this segment. Moreover, product demand is growing in various countries, including U.S., U.K., Italy, Belgium, and India, due to increased awareness pertaining to its health benefits among consumers. Cinnamon is one the key ingredients added in a number of Mexican dishes and rising popularity of Mexican cuisine across the globe is expected to fuel demand over the forecast period.

The global production and consumption volume of cinnamon is steadily increasing. North America dominated the global market, accounting for 35.5% of the overall revenue in 2018. Most of the product supply in the region comes from Sri Lanka and Indonesia. Europe is also projected to exhibit strong demand for Ceylon cinnamon, with U.K., Belgium, and Italy emerging as key markets. Growing awareness related to the health benefits of cinnamon has driven consumers to turn to this spice for weight loss and diabetes, which is fueling product demand in the region.

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Further key findings from the report suggest:

• By product, the Ceylon segment is expected to reach USD 684.5 million by 2025. Its ultra-low Coumarin content makes it a preferred variant among consumers

• Based on application, the commercial segment is anticipated to register a CAGR of 14.2% over the forecast period owing to rising product usage in the pharmaceutical, cosmetics, and food and beverages industries

• North America is the largest market, which can be attributed to increased health awareness among consumers and growing demand for natural and nutritious ingredients in various cuisines

• Top players operating in the cinnamon market include Pure Ceylon Cinnamon, Biofoods Pvt Ltd., and Ceylon Spice Company. Some of the other prominent players are HDDES Group; C.F. Sauer Company; First Spice Mixing Company; Elite Spice; EHL Ingredients; McCormick & Company, Inc.; and SDS SPICES (PVT) LTD.

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Tuesday 20 August 2019

Water Flosser Market Size, Status, Share and Industry Trends 2019-2025

[20 Aug 2019] The global water flosser market size is expected to reach USD 1.11 billion by 2025. The market is projected to expand at a CAGR of 4.7% from 2019 to 2025. Increasing awareness about oral care and hygiene along with rising cases of dental problems and oral health issues is expected to be the key factor driving the market.

Rapid urbanization and rising awareness about leading a healthy lifestyle are also projected to support market growth. Increased tobacco consumption in countries, such as China and India, has resulted in rising cases of dental problems, particularly tooth decay and gum diseases. Thus, rising demand for dental procedures is fueling the market growth. Rapidly expanding medical tourism sector across the globe will drive the market further.

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Cordless water flosser is expected to be the largest as well as fastest-growing product segment over the forecast period. These products are feasibility and portable, which drives their demand in the market. Dental clinic application is the largest segment owing to rising incidence of oral diseases. Moreover, rising cases of diabetes, which increases the risk of periodontal diseases due to uncontrolled or improper glucose levels, will support the market expansion.

Further key findings from the study suggest:

• In terms of revenue, cordless product segment is projected to ascend at the fastest CAGR of 4.8% from 2019 to 2025

• Dental clinic application led the global water flosser market in 2018 accounting for a revenue share of more than 55%

• North America was the dominant regional market in 2018 and is projected to expand further at a steady CAGR over the forecast years

• The industry is highly competitive in nature. Key companies include Hydro Floss; Water Pik, Inc.; ToiletTree Products, Inc.; Ginsey Home Solutions; and Oral Breeze

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Table of Contents:

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Continued...

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Smart Pillows Market Production, Revenue, Consumption, Import and Export 2019-2025

[20 Aug 2019] The global smart pillow market size is expected to reach USD 4.3 billion by 2025, expanding at a CAGR of 31.6% over the forecast period. Growing awareness among people regarding the need for a healthy sleep is expected to promote the utility of advanced products such as smart pillow. Sleep helps in improving the quality of life by refining mental and physical health.

It plays a crucial role in proper growth and development of the newborn and children. In addition, long term sleep deficiency can lead to chronic health problems and adversely affect the learning working ability. Smart pillows have the ability to trace the sleeping pattern and measure the restlessness and disturbance if any, which can be dealt with medically before it has some serious effect on health.

Growing use of smart pillows has been observed among the baby boomers and generation X. Poor sleep has a substantial adverse impact on the health of the elderly. Furthermore, it has been noticed that as people age, they have a harder time falling asleep, which can lead to cognitive problems such as cognitive decline, dementia, attention deficiency, and poor memory. This can rapidly deteriorate the coordination and mobility. Along with these, lack of sleep enhances the risk of heart disease, diabetes, and weight problem. Therefore, the geriatricians from across the globe recommends smart pillows for better sleep assistance and a routine track of sleep pattern.

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The industry is at the nascent stage of development, where the industry participants are launching products. In April 2017, Sunrise Smart Pillow was launched on Kickstarter. These products have light strips on both ends, which replicate light like sunrays and help in waking up the sleeper. It follows the programmed sleep schedule and wakes up a person by the use of light activating alarm clocks. These light strips can be manually controlled.

For instance, blue light helps in better awakening, or these strips can be used as a head lamp for reading before bed. The product also provides an insight into the sleep by analyzing the sleeping pattern and creating a sleep score. It also has inbuilt speakers that can be connected via Bluetooth and can be used to play music or read audio books, ultimately providing total relaxation.

Similarly, in January 2019, the researchers at the Northern Illinois University created products that have noise cancelling features. In addition, the product has an adaptive algorithm, which takes a note of the snoring pattern and helps in controlling and silencing them. The noise cancelling technology detects the snore and produces sound waves of exactly the same amplitude and cancels the noise. It helps in reducing the sound by 30 to 31 decibels.

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Further key findings from the report suggest:

• The residential application segment accounted for more than 90.0% share of the global revenue in 2018 owing to growing awareness regarding the application of the product in controlling snoring

• The commercial sector is expected to expand at the fastest CAGR of 32.2% from 2019 to 2025

• The online segment accounted for 90.7% share of the global revenue in 2018

• North America accounted for a share of 45.6% in the year 2018. The growth is prevalent owing to more than 35.0% of the U.S. population suffering with short sleep duration, leading to obesity and other poor health conditions

• Asia Pacific is expected to expand at the fastest CAGR of 33.4% from 2019 to 2025

• Key players include in global smart pillows market are Sunrise; ZEEQ; 10minds; ADVANSA; iSENSE; MOONA; MAETEL; Gio Clavis; Pressure Profile Systems Inc.; and smartData Enterprises Inc.

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Coffee Machine Market Driving Factors and Industry Growth Analysis Report 2019-2025

[20 Aug 2019] The global coffee machine market size is anticipated to reach USD 7.59 billion by 2025 registering a CAGR of 3.7%. Rising coffee consumption in Asian countries is one of the key factors driving the product demand. In addition, introduction of new products, such as green and organic coffee, is expected to result in increased demand for coffee, thereby contributing to the market growth. Coffee is a rich source of essential proteins as well as anti-oxidants, which can help prevent diseases including diabetes, Alzheimer's, and liver cancer.

This is also projected to drive the demand over the forecast period. Demand for Ready-to-Drink (RTD) beverages, particularly coffee-infused beverages, are also projected to have a positive impact on the market. Moreover, manufacturers are investing in R&D to introduce advanced machines featuring the latest technologies. For instance, in 2018, Nestle Nespresso S.A. invested USD 43.03 million in the creation of new production lines of its coffee system, Vertuo. Drip filter segment led the global market. The components of drip filter machine, such as filter and cone, are reusable. This has played an important role in increasing its demand.

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Technological innovations will drive the segment further. For example, manufacturers are introducing smart drip machines, which can be accessed through smart phones or devices. Europe led the global market in 2018 due to high consumption of coffee. Moreover, presence of commercial infrastructure and offices also results in increasing demand for coffee machines, thereby augmenting market growth. In addition, rising number of cafes in the region will boost the growth further.

Further key findings from the study suggest:

• The capsule product segment is expected to register the fastest CAGR of 4.8% from 2019 to 2025

• The commercial application segment led the market in 2018 and is expected to retain its dominant position throughout the forecast period

• Asia Pacific is projected to be the fastest-growing regional coffee machine market at a CAGR of 4.5% from 2019 to 2025

• Key companies in the global market are Keurig Green Mountain, Inc.; Panasonic Malaysia; Nestle Nespresso S.A.; De'Longhi Appliances S.r.l.; Electrolux; Morphy Richards India; Koninklijke Philips N.V.; and Hamilton Beach Brands, Inc.

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Table of Contents:

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Continued...

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Laptop Carry Case Market Price, Demand, Supply and Future Scope Worldwide 2019-2025

[20 Aug 2019] The global laptop carry case market size is expected to reach USD 2.35 billion by 2025. It is projected to register a CAGR of 3.4% during the forecast period. The growth is attributed to increasing demand for easy carriage of laptop and light weight bags. The features such as multi-storage devices, GPS tracking, anti-theft protection, built-in power supply, and device status notification control among others anticipated to boost the product sales.

Rising adoption of laptop as a mainstream device, aesthetic appeal of the carry cases, and rising fashion consciousness among consumers are a few prominent growth drivers. Smart laptop carry cases are projected to witness significant rise in demand as they provide functionality of a carry case with features of smart technology. Demand for easy to carry and light weight laptop cases in growing due to rising fares on luggage and strict weight limitations for carry ons for the airline industry. Hence, many manufacturers are introducing products with light fabrics made using high-end production technology.

Growing business and working class population coupled with increasing use of laptops among students is anticipated to boost the product demand. Also, growing trend of Bring Your Own Device (BYOD) as many companies look forward to increasing the flexibility of employees working hours, providing access to work, increasing productivity, and reducing cost of operation, is supporting the market growth.

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Backpack segment holds the largest market share owing to high product adoption among students and business class. Enough storage space support, and even load balancing on shoulders are some other advantages driving the product demand. Backpack is also estimated to be the fastest growing segment owing to increasing usage of technology and additional features such as inbuilt charging, USB ports, GPS tracking, lock system, and solar panel mount among others. Messenger bags are also expected to witness significant growth over the forecasted period due to the aesthetic appeal of the product among corporate and business class as it is associated with briefcases, which are used in professional settings.

Brick and mortar accounts for the largest market share owing to increase in offline stores such as hypermarkets, supermarkets, omni channels, house and office goods, and specialty stores. Also, increasing outlets of international players in various domestic and international airports is supporting the growth. Whereas, online sales channel is expected to register a rapid CAGR over the forecast period due to growing penetration of e-commerce industry, discounters, free shipping, product availability, ease of product comparison in terms of features and price.

North America is estimated to witness significant growth over the forecasted period owing to presence of large business class, travelers, and high use of electronic devices such as laptops. Growing EdTec industry is also anticipated to support the demand for laptop carry case over the forecast period.

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Further key findings from the report suggest:

• Backpack held the largest market share of more than 50% in 2018 and is anticipated to register the fastest CAGR of 3.8% over the forecasted period

• Asia Pacific accounts for the largest market share and is estimated to be the fastest growing region due to growing expenditure on electronic devices

• Some of the key players operating in the global laptop carry case market include Samsonite International; ACCO Brand; SwissGear; Targus Inc.; AsusTeK Computer Inc.; Fabrique Ltd.; and Thule Group AB

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Monday 19 August 2019

Baby Food Packaging Market Size, Share, Development and Trends Report 2019-2025

[19 Aug 2019] The global baby food packaging market size is expected to reach USD 81.31 billion by 2025. The market is expected to register a CAGR of 7.0% from 2019 to 2025. Growing demand for baby food products as a result of increasing number of working individuals is expected to remain a prominent growth-driving factor. Furthermore, increasing number of nuclear families in developing countries including Mexico, Brazil, China, and India is expected to have a positive impact on the market.

Rising usage of paperboards and rigid plastic as alternative packaging materials to the conventional glass and metal is expected to drive these product segments over the forecast period. In addition, these materials are easy to carry as they are lightweight, durable, and reusable and offer longer product shelf life. Companies in the market are focusing on the development of better alternatives than plastic packaging. For instance, Square Baby Food launched recyclable cold chain packaging products in September 2018. Plum Organics launched baby bowl packaging product in November 2017.

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Further key findings from the study suggest:

• Rigid plastic product segment led the global market in 2018 and will maintain its dominant position throughout the forecast years

• Liquid carton packaging is expected to be the fastest-growing segment at a CAGR of 7.9% from 2019 to 2025

• Milk formula is expected to be the largest application segment by the end of 2025 and dried food segment is projected to register the fastest CAGR during the forecast period

• North America led the global baby food packaging market in 2018 and will expand further at a steady CAGR over the next six years

• Key companies include Rexam, Inc.; Tata Tinplate Company of India; Bericap GmbH & Co. KG; Pretium Packaging LLC; Bemis Company, Inc.; Hood Packaging Corp.; Ball Corp.; Flexible Packaging Corp.; Hindustan National Glass & Industries Ltd. (HNGIL); and Tetra Pak

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Table of Contents:

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Continued...

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