Surrogacy Tourism Market Will Expand by 6.1% by 2032 | FMI

The surrogacy tourism market is estimated to grow at a CAGR of 6.1% during the forecast period. is estimated at US$ 258.8 Million in 2022 and is projected to reach US$ 468.9 Million by 2032.  Total sales of surrogacy tourism represent 2-3% of the surrogacy tourism market.

Surrogacy is a method of assisted reproduction in which the intended parents work with a surrogate who carries the baby until birth. Two types of assisted reproductive procedures are used for surrogacy, namely, traditional and gestational. Traditional technology involves the utilization of surrogate eggs, making her biological mother of the baby.

Actively Supporting Business Expansion

While in gestational, the surrogate does not have any type of biological link with the baby. The rise in the number of people suffering from infertility problems including reduced sperm count, and problems in egg or sperm production act as a high-impact rendering factor for the surrogacy tourism market growth.

Factors such as hormonal changes, stress, alcohol consumption, and steroid lead to the rise in infertility cases, thereby, positively impacting the surrogacy tourism market opportunities as well as the surrogacy tourism market future trends.

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Technical Advancement

Technological advancements in assisted reproductive technologies, a rise in awareness regarding infertility treatment, and growth in several fertility clinics are expected to drive the surrogacy tourism market growth during the forecast period.

However, high costs related to the procedure along with stringent regulations about surrogacy in several countries restrict the surrogacy tourism market growth.

Rationale for the Huge Trend of Surrogacy Tourism

Various factors that lead to infertility include a problem with sperm or egg production, age, genetic factors, and excessive exposure to some chemicals and toxins. Alcohol consumption, steroid use, surgical removal of one of the testicles due to cancer, and diabetes can also result in low sperm count, thereby leading to infertility problems in men.

In women, hormonal disorders, benign growths in the uterus, abnormal anatomy of the cervix or uterus, blocked fallopian tubes, stress, chemotherapy, kidney, or sickle cell disease may result in infertility. Thereby, escalating the surrogacy tourism adoption trends.

Regional Outlook

Given the low cost of surrogacy treatment and the significant increase in surrogacy tourism, Asia Pacific surrogacy tourism market captured the highest revenue share.

Furthermore, healthcare facilities for providing fertility treatments are expanding in emerging countries. Thus, low treatment costs, the availability of top medical professionals, and favourable surrogacy regulations are influencing regional surrogacy tourism market growth.

Key Takeaways

  • Due to the low cost of surrogacy treatment and the significant rise in reproductive tourism, the Asia Pacific surrogacy tourism market captured more than 28% of revenue share.
  • Surrogacy tourism market for 26-35 years age group segment accounted for the highest in the current year of 2022.
  • The hospital segment of the surrogacy tourism market was valued at more than USD 1 billion, owing to an increase in the number of hospitals providing surrogacy treatment and the availability of advanced facilities.
  • The intrauterine insemination (IUI) treatment segment accounted for 20% of the surrogacy tourism market. IUI is a low-risk infertility treatment that is also one of the most simple and effective options.

 “The advanced technology and the continuous rise in demand for surrogacy tourism will boost its surrogacy tourism market in the forecast period.” – FMI Analyst

 Who is Winning?

Leading players of surrogacy tourism are focusing on promotional strategies and advertising popular tourist destinations in various regions to improve sales of surrogacy tourism.

Major players present in the surrogacy tourism market are IV Marbella (Spain), Istanbul Fertility and Women’s Health Center (Turkey), Intersono IVF Clinic (Ukraine), Embryolab (Greece), GEST (Praga Medica) (Czech Republic), Smart Choice Medical Travel (Hungary), Ava-Peter Clinic (Russia), Nadezhda Fertility Clinic (Bulgaria) and Medicover Fertility (India) among many others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the Global Surrogacy Tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on Global Surrogacy Tourism by Type (Gestational surrogacy, Traditional surrogacy), By Technology (IVF with ICSI, IVF without ICSI, Intrauterine Insemination), Tour Type (Domestic & International), By Service Provider (Hospitals, Fertility Clinics), By Age Group (26-35 Years, 36-45 Years, and 46-55 Years) & Region.

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Airport Security Market is Estimated to Reach a Valuation of US$ 21 Bn by 2032

The global airport security market is projected to reach a valuation of US$ 13 Bn in 2022. Sales are projected to increase at a 5% CAGR, with the market size reaching US$ 21 Bn by 2032.

The rapidly growing travel and tourism sector is altering how the world economy looks. The travel sector has made a substantial economic impact in recent years.

The tourist sector has not only generated enormous amounts of market income, but it has also stoked global labour markets. Market watchers predict that in the years to come, the travel and tourism sector will generate enormous sums of money.

The expansion of other auxiliary businesses like aviation and hotel contributes to the overall boom in tourism. In recent years, the aviation sector has served as both a vulnerable target for terrorists and a breeding ground for several unlawful operations.

Airport security is becoming more and more significant as a result of the fact that airports are a major transit hub for millions of travellers worldwide.

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Airport security market expansion is anticipated to be aided by the expanding commercial aviation industry and increasing demand for air travel throughout the world during the projected period. Passenger volume from nations like China and India is predicted to increase throughout the projection period, which would boost the sector even more.

To increase the efficiency of the boarding procedure at the airport, airport authorities throughout the world are replacing their manual security systems with automatic ones. Thus, this will also increase the market’s potential for growth.

The demand for Asia is a consequence of rising terrorist activity and increasing spending on aviation infrastructure, which is supported by a rise in air passenger traffic, the Asia Pacific area is expected to experience substantial growth. The airline infrastructure is expected to expand in smaller cities in countries like India and China as a result of government measures to boost air travel.

As new airports are constructed in the region with more entry gates, larger airfields, and improved traffic management systems, the market need for such infrastructure and applications is anticipated to increase.

Key Take away from the industry

  • An increase in air travel is anticipated to boost market expansion.
  • Geographically speaking, the APAC region held the largest share of the airport security market in 2022.
  • To safeguard the safety of millions of passengers flying throughout the world, special legislation has been established and additional security procedures are now possible.
  • A strong security wall against any illicit activity is being built using specialised full-body scanners and other security tools supported by knowledgeable security staff.

“In the coming years, the airport environment will undergo significant change. This altered ecology will cause a shift in a number of processes because of increased passenger expectations, a developing global danger, and the requirement for greater security effectiveness.” Says an FMI Analyst.

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Impact of Covid-19 on the industry

The COVID-19 pandemic had a detrimental effect on market participants’ sales in 2020. In 2020, the market for airport security experienced a decline of almost XX%.

Government officials enacted tight lockdown measures and travel restrictions as a result of the outbreak. Additionally, some organisations’ production, transportation, and supply chain capacities were hampered by border closures. The epidemic also caused a labour shortage in a number of market areas.

Temporary travel restrictions decreased the overall number of passengers choosing airlines, which had an influence on total revenue. However, with the market experiencing recovery in the previous year, the loosening of lockdown regulations increased the daily traffic of airports throughout various locations in 2021.

Who is winning?

Key Players are concentrating on expanding their market presence and acquiring new projects in various locations.

Leading players operating in the Global Airport Security market are – IBM Corporation, Axis Communications AB, C.E.I.A. S.p.A., FLIR Systems, Hitachi Ltd., Leidos, Inc., Westminster Group PLC, Honeywell International, Inc., Collins Aerospace (Raytheon Technologies), Biosensor Applications AB, OSI Systems, Thales Group, Siemens AG, Bosch Sicherheits System GmbH, Auto Clear LLC, and Smiths Detection Group Ltd., etc. are among others.

The Global Airport Security Market by Category

By Technology, Global Airport Security is segmented as:

  • Access Control
  • Cyber Security
  • Screening
  • Others (Perimeter Security, Surveillance)

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Fishing Tourism Market is Projected  to Reach a Valuation of US$ 78.5 Bn in 2022

The fishing tourism market is projected to reach a valuation of US$ 78.5 Bn in 2022. Sales are projected to increase at a 12.5% CAGR, with the market size reaching US$ 254.9 Bn by 2032.

The fishing tourism market is forecasted to grow at an impressive rate during the forecast period. The majority of the growth in the market will be attributed to the growing countries in the Asian region. The need for fishing towns to revamp their economies and for the locals to earn some additional incomes has made the authorities push in favor of fishing tourism and provide incentives and a regulatory framework for the same.

This is expected to help the market immensely across the globe. Different government and local authorities from across the world are providing skill training and investing in the promotion of these activities. Fishing tourism has also been gaining popularity among the people trying to create awareness regarding the pollution and destruction of marine life, where they try to promote sustainable fishing and angling activities.

Although the market is expected to rise, there are a few restraints that might arrive during the forecast. The fall in the number of skilled individuals in the fishing industry has been a concern for a long now, finding knowledgeable and skillful crew members has become a major problem for operators.

This along with the increasing pressure from environmental authorities regarding the destruction of the coastlines and the problem of overfishing has led to a lot of complications in the market. These challenges can be maneuvered through the protocols like sustainable and safe fishing activities, providing training to individuals, and establishing rules and regulations to oversee the market.

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Key Takeaways from the Fishing Tourism Market Study:

  • The fishing tourism market is prominent in countries like Italy, the USA, India, Hong Kong, and Japan.
  • There is a rapidly rising demand for fishing tourism among the MEA countries.
  • Sustainable fishing activities are also promoted through the fishing tourism market.
  • The fishing tourism market is forecasted to grow at a CAGR of 12.5% over the forecast period.
  • Currently, the Asia Pacific region holds the largest market share accounting for 37% of the total market share.
  • Fishing in the sea is the most preferred amongst the tourists in the fishing tourism market.
  • Online booking channels are popular among consumers.

“Marketing and promoting the fishing tourism market globally along with focusing on the changing consumer base demographics will be the key to market growth during the forecast period.” – FMI Analyst said.

Impact of COVID-19

The COVID-19 pandemic has affected almost every major market across the globe. This included the complete halt on the fishing tourism market, which suffered greatly due to the pandemic. The implication of the global lockdown was severe on the market; the lockdowns were placed to decrease social activities and confine the spread of the virus. This meant an absolute stoppage of tourism activities.

The market did revive post-pandemic with the key firms innovating their offerings and trying to recuperate from the losses that occurred during the pandemic. The industry is expected to see a surge of visitors due to the increase in the number of people wanting to go out and explore outdoor activities that they missed out on during the pandemic. This will help in creating opportunities for entry into the market and provide the much-needed revenue flow in the market.

Who is winning?

The secret to keeping a competitive edge in the market will be to offer consumers thorough packages and the whole experience of fishing and angling activities. Currently, businesses in the sector provide customers with an experienced crew, online reservations, and other optional services.

The key players in the fishing tourism market are Fish Travel, Tour My India Pvt., Viator, Inc., Worldsbestfishingtrips.com, Angler Adventures, iOutdoors, and Fisea.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global fishing tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the fishing tourism market based on Location Type (River, Lake, and Sea), By Activity Type (Observing and Participation), By Booking Channel (Online Travel Agents, Traditional Agents, and Direct Booking), By Tourist Type (Domestic and International), By Tour Type (Independent Traveler, Package Traveler, and Tour Group), By Consumer Orientation (Men and Women), By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region – Forecast to 2017 – 2032.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Flavor Capsule Cigarettes Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2027

The flavour capsule cigarette market size is expected to surpassed US$ 8963.5 Mn in 2020, as per latest insights by Future Market Insights (FMI). Surge in sales is expected as cigarette consumption continues increasing on a global scale. Against this backdrop, FMI projects positive flavour capsule market demand outlook. Between 2021 and 2031, the market is forecast to rise at a CAGR of 11.6%.

The market exhibited impressive 11.7% year-on-year growth between 2020 and 2021. Growth is anticipated to remain healthy, with the market surpassing US$ 26763.1 Mn in valuation by 2030. Menthol flavour capsule cigarettes will emerge as top-selling product, accounting for over 52.5% of revenue generated in the market through 2031.

A 2016 study followed the link between menthol cigarette use and nicotine dependence in teenagers and discovered that those who smoked menthol cigarettes were more likely to get addicted to nicotine in comparison to those who didn’t.

The results of a cohort analysis using data from the American Legacy Longitudinal Tobacco Use Reduction project showed that starting with menthol cigarettes was linked to progressing to regular smoking, which resulted into frequent purchases from the smoker, boosting market prospects.

While most capsule technologies are used for hybrid (regular-to-menthol) or menthol-to-menthol spheres, exotic goods with regulatory permits, could point to previously unexplored opportunities. Various regulatory bodies and authorities have played a vital role in the growth or limitation of the flavour capsule cigarettes and will remain important for the foreseeable future.

Key Takeaways from the Flavour Capsule Cigarette Market Study

  • Menthol capsule cigarettes hold a substantial market share of more than 55% in 2021 with CAGR of 9.3%, owing to consumer preference on a global scale.
  • Single capsule products represent around 70% of the market in 2021, supported by lower costs and ease of production.
  • Chile is emerging as one of the most attractive markets, accounting for over US$ 814 Mn in 2021.
  • Japan is proving to a lucrative market, accounting for more than 41% of sales in East Asia in 2021.
  • Indonesia reflects high potential for growth, with a CAGR of 15.6% through the end of 2031.

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“Manufacturers operating in the flavour capsule cigarette market are aiming to reduce the health impacts of tobacco by offering consumers a wider choice of new products with a greater variety of flavours. Through this they also intend to increase sales and broaden customer access, which is likely to bolster sales in the market in the foreseeable future,” said a lead analyst at FMI

Flavour Capsule Cigarettes Pose Threat to Smoke-Free Goals

Smoke-free aims are jeopardised by flavoured capsule cigarettes. When these capsules are crushed, they impart a flavour (fruit, menthol or any other flavour) to the cigarette smoke inhaled. This form of cigarette allows users to tailor their smoking experience while reducing the harshness of conventional tobacco smoke.

Non-smokers who are susceptible to nicotine addiction find flavour capsules enticing and are likely make purchases. Tobacco firms have lately made emphasized on efforts to make the globe smoke-free. These statements, however, are at odds with their product advancements, which make smoked tobacco products more enticing to non-smokers.

Who is winning?

Some of the key manufactures of flavour capsule cigarettes are Camel Double, Chesterfield, Craven a Click, Dunhill, Esse, Fortune Tribal, Harmony, Hollywood, Imperial Tobacco (Winston), Insignia, ITC (Gold flake), Kent, L&M, Lucky Strike, Marlboro and Pall Mall.

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Companies are launching a variety of new products in order to attract customers and entice especially younger generations as they are more into trying new flavours to create gate experiences.

For instance, Japan Tobacco Inc. declared in 2018, introduction of two novel products from Winston named “Winston Compact Menthol Purple 5 Box” and “Winston Compact Menthol Purple One Box”.

Get Valuable Insights into Flavour Capsule Cigarette Market

Future Market Insights, in its new report, presents an unbiased analysis of the global flavour capsule cigarette market, covering historical demand data and forecast figures for the period between 2021 and 2031. The study reveals persuasive insights into growth witnessed into the market. Based on flavour, the market is segmented into menthol flavoured, clove flavoured, fruits flavoured and others. Product type are segmented into two sections such as single capsule and double capsule. On the basis of price change, the market can be segmented into economy and premium. Based on distribution channel, the market can be segmented into direct sales and indirect sales.  Regionally, the market study covers North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa (MEA).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Organic Snack Food Market Trends 2022| Segmentation, Outlook, Industry Report to 2027

The global organic snack foods market is segmented on the basis of flavors such as chocolate, vanilla, strawberry and others. Hence, the global organic snack food market is expected to increase significant growth over the forecast period. Snacks are a part of food which are smaller as compared to a regular meal that is generally consumed in the midst of meals. Snacks are found in various forms such as packaged snack foods and other processed foods. Organic snacks are non-GMO and contains organic ingredients in the food products.

Organic snacks are made from USDA-certified organic and non-GMO ingredients that are gluten-free and are healthy for snacking. Organic snack foods are the products which contain nutritious and healthy ingredients such as proteins, vitamins and minerals.

The organic snack foods such as potato chips, tortilla chips, corn chips; bakery products such as pancakes, bagel, pretzels, cookies and confectionery such as candies, chocolates, raisins, etc. contains organic ingredients which are nutritious and gluten-free as compared with conventional snacks.

The organic snack foods are typically designed to be portable, healthy, nutritious and satisfying by the taste. The organic snack foods market is rising rapidly due to the increase in the health awareness among the people in consumption of organic foods that are beneficial for the body.

Global Organic Snack Foods: Market Segmentation

The global organic snack foods market is segmented on the basis of product type, distribution channels, flavors and region type. The organic snack market is segmented on the basis of product type in which it includes snacks such as potato chips, corn chips, tortilla chips, and bakery products such as bagel, biscuits, doughnuts, cheese snacks, nut bars, pretzels, crackers, pita chips, confectionery such as chocolates, candies, candy bars and other snacks.

The global organic snack foods market is segmented on the basis of distribution channels such as supermarket/hypermarket, grocery stores, e-commerce, convenience stores and other retail formats. The global organic snack foods market is segmented on the basis of flavors such as chocolate, vanilla, strawberry and others. Hence, the global organic snack food market is expected to increase significant growth over the forecast period.

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Global Organic Snack Foods Market: Regional Outlook

On the geography basis, the global organic snack foods market can be segmented by major regions which includes Latin America, Western Europe and Eastern Europe, North America, Asia-Pacific region, Japan, Middle East and Africa.

Europe is emerging as the most dominant region in global organic snack foods market. The Asia/Pacific region is seemed to have a healthy CAGR over the forecast period. Thus the rise in the retail sector, efficient distribution and innovative marketing strategies of organic snack foods companies are the vital factors driving the growth of organic snack foods in the region.

Global Organic Snack Foods Market: Growth Drivers

The factors driving the organic snack foods market are the increasing health consciousness and importance of consumption of organic foods by the people due to the harmful side effects of conventional snacks such as increasing obesity, increasing calorie content of the body and less nutritional benefits.

The millennial and kids are the major consumers of the organic snack foods globally. The demand for organic snacks is increasing rapidly and gaining popularity all over the world as a result of presence of natural ingredients in the snacks. Increasing demand for healthy snacks due to growing health awareness is expected to drive the organic snack foods market over the forecast period.

Increasing organic farming and practicing organic agriculture in various developed region is one of the key factor for the growth of organic snack food market. As a result of growing health awareness, consumers are inclining towards consumption of organic food products as they are healthier and more sustainable as compared with conventional food products, which is also another key factor for the growth of organic snack food market. Hence, strong impulse buying behavior towards organic snack foods among the young consumers is mostly driving the organic snack food market.

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Global Organic Snack Foods Market: Players

Some of the key players identified across the value chain of the global organic snack foods market include

Pure Organic, PRANA, Made in Nature, Kadac Pty Ltd, Navitas Naturals, General Mills, Woodstock Farms Manufacturing, SunOpta, Simple Squares and Organic Food Bar. The companies are anticipated to expand their business by enhancing their product portfolio in organic snack foods market over the forecast period.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Food Tourism Sector Market is Expected a Valuation of US$ 4,009.77 Bn by 2032

The food tourism sector is anticipated o reach a valuation of US$ 865.71 Bn in 2022. Sales are projected to increase at a 16.6% CAGR, with the market size reaching US$ 4,009.77 Bn by 2032.

The food tourism sector is expected to grow steadily over the forecast period. This is due to a variety of reasons including the rise of cultural integration trends across the globe.

The strong government support to promote this industry is also touted to help the market flourish, with the consumer base set to expand and the average spending per consumer also increasing. The desire of people to expand their tourism experience by bringing in the sensory part as well has helped the sector become mainstream.

The introduction of various activities related to food tourism has kept the market fresh and on a path of growth. The variety and a wide number of cuisines offered around the world keep the scope of the food tourism sector high on a global scale. Food festivals and cooking classes will keep the international tourists engaged. Developing countries and their food tourism markets are anticipated to profit from the growing market, with tourists desiring to taste the exquisite cuisines of these countries.

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Key Takeaways from the Food Tourism Sector Study:

  • The food tourism sector is expected to grow at a CAGR of 16.6% over the forecast period.
  • The Asia Pacific region holds ~31% of the global food tourism sector, while the Europe region holds ~32% of the total market share.
  • Food festivals are rapidly gaining popularity in the food tourism sector.
  • Cooking classes are being offered by the tour operators to provide the consumers with an in-depth experience of the culinary environment of their destinations.
  • According to the study, currently, the food tourism sector attracts close to 3 Mn visitors annually.
  • Online booking channels have become the prominent booking channels in the sector.

“With the market expected to grow at an exceptional rate while offering a lucrative opportunity, the possibilities of new firms entering the market is also expected” – FMI Analyst said.

Impact of COVID-19

The Covid-19 pandemic affected the global food tourism market severely. The increasing restrictions left the sector in a dilapidated state. The travel halts across the globe both on an international as well as a domestic level restricted tourism completely. This meant a stoppage of the food tourism sector as well.

The increasing concern for safety among the consumers also led to a decreased confidence among them over concerns about food items’ safety. This further impacted the market as well, leading the firms to rethink their strategies and come out surviving during this period.

Post-pandemic the firms came out with different schemes, measures, and operating procedures to ensure consumer satisfaction. These measures were majorly aimed at providing the consumers with absolute safety precautions, while still letting them enjoy their cuisines and tours.

This has helped the industry bounce back to the pre-pandemic level, also ensuring the image of the sector stays positive. The food tourism sector is expected to keep growing fast in the long-term perspective, not letting the setback of the pandemic slow down this growth.

Who is winning?

By strategizing and attempting to market the regional cuisines, the major players are attempting to boost their brand presence. The key to growing in the market will be to provide them with individualized, all-inclusive packages.

The key players in the food tourism sector are Abercrombie & Kent USA LLC, Classic Journeys LLC, G Adventures, Greaves Travel Ltd, India Food Tour, ITC Travel Group Limited, The FTC4Lobe Group, Topdeck Travel [Flight, Centre (Uk) Limited)], The Travel Corporation, Gourmeton Tour Culinary Adventures, International Culinary Tours, and Butterfield & Robinson Inc.

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The Food Tourism Sector by Category

By Activity Type:

  • Cooking Classes
  • Restaurants
  • Food Festivals
  • Street Food Tours
  • Tasting Sessions
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Package Traveler
  • Tour Group

By Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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https://nc-cricket.mn.co/posts/26747740?utm_source=manual

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Smart Travel Market is Estimated to Reach a Valuation of US$ 112.4 Bn by 2032

The global smart travel market to reach a valuation of US$ 25 Bn in 2022. Sales are projected to increase at a 18.10% CAGR, with the market size reaching US$ 112.4 Bn by 2032.

“Smart” has been a catchphrase in technology over the past ten years, being used to describe anything from TVs and factories to mobile phones and industrial facilities. Using information and communication technology (ICT) in a creative way to change business models, make hospitality more accessible, and create new revenue streams is known as smart tourism.

As more nations engage extensively in this industry and use it as a competitive advantage, smart tourism is now gaining momentum throughout the globe. Having said that, smart tourism depends on the idea of smart cities as a whole, which offer the tools and resources required to attract visitors who are tech aware.

Running a smart tourism strategy requires public-private partnership. A long-term agreement to collaborate between two or more public and private groups is a public-private partnership. In other words, corporations and governments collaborate to finish a project or offer services to the locals.

The project Clever city worked on with the Lübeck Bay tourist office is an excellent illustration of a public-private relationship. Smart parking sensors were installed close to the neighbourhood beaches to track occupancy and availability and direct visitors to the closest open space. The German Tourism Prize 2020 was given to this effort.

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Key Take Away in Global Smart Travel Sector Industry

  • In major tourist hotspots, wearable technology is improving the visitor experience. Smartwatches and tech wristbands may do various tasks, such as voice-activating local instructions or unlocking your cabin door on a cruise.
  • Smart strategies, like smart garbage collection or smart parking, can be applied to the subject of sustainable transport. Cities are developing mobility hubs outside of the city centre that have strong linkages to the inner city’s public transportation system and/or rental bike or e-scooter stations.
  • In terms of tour type, it is predicted that package visitors would make up the relatively largest value portion of the Smart Travel industry.
  • According to the prediction, middle-aged people between the ages of 26 and 35 will continue to make up the majority of travellers.

“Technology investments and destination quality are frequently so interconnected in places where tourism and events are thought to be important components that Smart Tourism becomes a part of the city planning that benefits both tourists and locals.” Says an FMI Analyst

Impact of Covid-19 on the industry

One of the sectors most impacted by the global coronavirus-19 (COVID-19) outbreak is tourism. Local communities were worst hit by the crisis because tourism contributes the most to any nation’s gross domestic product of any business. The Smart Travel Sector market fell by 56% during the epidemic.

But the outbreak of COVID-19, which the World Health Organization declared to be a pandemic on March 11, 2020, has made this need for innovation in the tourism sector even more urgent. The biggest innovations that can be used in this sector are either new technologies being developed or new ways of using information and communication technologies.

Who is winning?

To encourage the use of online smart tourism portals, key companies are offering travellers discounts and enticing, seasonally appropriate trip packages. Additionally, strategic alliances between tour operators and lodging establishments, eateries, and other businesses aid in the upgradation and expansion of the tourist industry.

Leading players operating in the Global Smart Travel Sector market are – InnoQuant Strategic Analytics, S.L, Booking Holdings Inc., TripAdvisor LLC, AudioConexus Inc., Expedia Inc, Kayak, QUNR, Ctrip, Orbitz, MakeMyTrip, TravelZoo, Sabre, etc. are among others.

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Global Smart Travel Sector Market by Category  

By Solution Type, The Global Smart Travel Sector Market is segmented as –

  • Smart Ticketing
  • Smart Security Services
  • Smart City Bots
  • Smart Parking
  • Others (Audio Guidance, Intelligent Traffic Management, Linguistic Services, etc.)

By Booking Channel, The Global Smart Travel Sector Market is segmented as:

  • Phone Booking
  • Online Booking
  • In-Person Booking

By Tourism Type, The Global Smart Travel Sector Market is segmented as:

  • Domestic
  • International

By Tourist Type, The Global Smart Travel Sector Market is segmented as:

  • Independent Traveller
  • Tour Group
  • Package Traveller

Consumer Orientation, The Global Smart Travel Sector Market is segmented as:

  • Men
  • Women

By Age Group, The Global Smart Travel Sector Market is segmented as:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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https://nc-cricket.mn.co/posts/26747740?utm_source=manual

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights,
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Sorbitan Oleate Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2027

Sorbitan is the mixture of isomeric organic compounds which is derived due from the dehydration of sorbitol. Sorbitans are primarily used in the production of surfactants and are majorly used as an important emulsifying agent. The Sorbitan Oleate is an emulsifier and clarification agent in the food preparations such as sugar liquor and juice. The compound belongs to the family of Pentose.The major industry uses of Sorbitan oleate is intermediates, lubricants and lubricant additives, solvents, and surface active agents. The primary consumer uses of Sorbitan oleate are cleaning and furnishing care products, fabric, textile, and leather products, lubricants, and greases, paper products, and personal care products.Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4742

Global Sorbitan oleate Market: Drivers and Restraints

The primary driver of the compound is it is used as the emulsifier in cosmetics and pharmaceutical ointments and creams. These are also used as stabilizers in food products. Sorbitan oleate is a clarification agent and emulsifier agent used mostly in food preparations such as sugar liquor and juice.

The market for Sorbitan oleate is driven by the surging demand for consumer care and personal care products. The compound is derived from the vegetable source. It is oil in emulsifier and is available in liquid form and makes it perfect for use in dispersible bath oils. The compound is also called as a co-emulsifier for manufacturing lotions and other emulsions.

The Sorbitan oleate is used in bathing soaps as an emulsifier and hardener, and it is used for stabilizing oils and water. These are majorly used in natural soaps and handmade soaps.

Another major driver is its use as fragrance ingredient and surfactant. Sorbitan oleate is majorly used in other cosmetic industry, and this includes skin care products, skin cleansing products, moisturizers, and eye makeup, amongst others.

Further, the ingredient being the low hazard to humans. However, the few reactions of the component include organ sensitivity and irritation. The high doses of Sorbitan lead to effect in a liver, and the moderate dose of Sorbitan oleate causes skin irritation.

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Global Sorbitan oleate Market: Segmentation Overview

The global Sorbitan oleate market is segmented majorly into two segments namely, by application and by source. By application, the segment is further sub-segmented into industrial and consumer. With the increasing demand for cosmetic and personal care products, there is a surge of the request for Sorbitan oleate.

Global Sorbitan oleate Market: Regional Outlook

The global Sorbitan oleate market is segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia-Pacific excluding Japan (APEJ), and Japan.   North America is anticipated to be the largest market and is expected to spur during the forecast period. Asia-Pacific is projected to grow at an accelerated rate.

Global Sorbitan oleate Market: Prominent vendors   

Few of the prominent players in the global Sorbitan oleate market are Kao Chemicals, Kawaken Fine Chemicals, Burlington Chemical Company, and among others. Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market.

To ensure product differentiation and to acquire a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products. Most of the major Sorbitan oleate manufacturers concentrate on capitalizing their funds to maintain applications, and technical marketing groups are appointed to serve the ever-changing needs of clients.

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Regional analysis for Sorbitan oleate Market includes

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Western Europe
      • Germany
      • France
      • U.K
      • Italy
      • Spain
      • Nordics
      • Benelux
      • Rest of the Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of the Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
    • China
    • India
    • ASEAN
    • Australia and New Zealand (ANZ)
    • Rest of APEJ
  • Japan
  • The Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
Global Sorbitan oleate Market: Segmentation

The global Sorbitan oleate market is segmented by function:

  • Emulsifier
  • Stabilizer

The global Sorbitan oleate market is segmented by application into:

  • Lubricants
  • Lubricant Additives
  • Solvents
  • Surface Active Agents
  • Fabric
  • Textile
  • Leather Products
  • Lubricants
  • Greases
  • Paper Products
  • Personal Care Products

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Travel Agency Services Market is Anticipated to Reach a Valuation of US$ 407.7 Bn in 2022

The global travel agency services market to reach a valuation of US$ 407.7 Bn in 2022. Sales are projected to increase at a 11.5% CAGR, with the market size reaching US$ 510.0 Bn by 2032.

Social media platforms are being used to advertise more and more about the Global travel agency services after the covid-19 pandemic.

Financial stability of the customers, eagerness to learn and educate themselves is helping the market to grow. Millennials love to explore new places and learn about that places exclusive cuisine, transport facilities etc.

Personalization of trips for individuals, providing accommodation, local cuisines, transportation services etc. are some of the features that are helping to boost the Global travel agency services market globally.

Digital presence of the companies is helping the travel agency services to grow globally.  This also helps the companies to provide customers with offers and group discounts.

“The Global travel agency services market is expanding because of the rising digital presence of the companies “- Says an FMI analyst.

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Key Takeaways:

  • Full-service global arrangements are the most preferred service provided by global travel agency services market. It is because this service covers hotels, travel etc.
  • The most used booking channel is the online travel agents/online platforms. It is due to the increased digital presence of the agencies.
  • Tour groups are mostly the major customers. This is due to the fact that they get group discounts and offers.
  • The age group of 26-35 years are the major customers of this industry. This group is more interested in travelling and exploring the market.

Impact of COVID-19 on the Global travel agency services Market

A lot of travel agency services globally shut down and experienced losses due to the covid-19 pandemic. But companies also gained a lot of customers after the lockdown was lifted.

The reliance on travel agents has made a comeback following the outbreak of COVID-19 amid a need for personalisation and real-time connectivity. People also are inclined to spend extra for higher offerings and experiences.  Such is the buoyancy approximately post-pandemic tour call for that many marketers who had close save for worry of a fall apart of the worldwide tour enterprise are actually returning to the fold.

Agents who carried out their enterprise offline are actually adopting new technology and turning into tour planners, even sporting out advertising and marketing sports on social media.

Who is winning?

Leading players of the Global travel agency services market are focusing on improving their digital presence and providing great tour packages for their customers

Major players present in the Global travel agency services are Cox and Kings, Thomas Cook, SOTC, Kesari Tours, Club Mahindra Holidays, Expedia, Yatra, Goibibo, MakeMyTrip and Travelguru among others.

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The Global Travel Agency Services by Category

By Services Provided:

  • Full-service global travel arrangements
  • Flights
  • Hotels
  • Additional travel services
  • Car hire
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Package Traveler
  • Tour Group

By Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Astragalus Root Extract Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2027

Astragalus Root Extract Market is the plant with the leguminosae family and is popular amongst the Chinese consumers for its immune system booster and disease fighter. Astragalus is used as dietary supplement for many problems such as diarrhea, fatigue, anorexia, heart diseases, hepatitis, fibromyalgia, and also as an adjunctive therapy for cancer. Astragalus is a herbaceous perennial which grows to a height between 25 and 40 centimeters.

The harvest plants are traditionally harvested after four or five years, and the roots are collected desiring the springs or falls. The roots are high in medicinal functions are dried first and then sliced and distributed. The dried roots are yellow in color and have a sweet, moistening taste along with the fibrous texture.

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The root of the astragalus plant is used in soups, teas, extracts, or capsules. The astragalus roots consist of a series of cyclobutane triterpene glycoside denoted astragalosides.

Global Astragalus Root Extract Market: Drivers and Restraints

The major driving force for growth in the astragalus root extract is the very important vital energy. The root extract is also used to treat the immune deficiency and fatigue for healing the wounds, and improve the digestion and reduce endema caused by cardiac weakness.

Further, manufacturers are coming up with astragalus root extract products with claim free products such as vegan, gluten free, chemical free, and non-gmo. A recent study and research indicate that Astralagus may offer antioxidant support with a variety of ailments.

The growing stress and the busy life schedule of the consumers are also one of the major factors for growth in astragalus root extract products. The adaptogenic herb helps in reducing stress and also the aging factors in individuals.

Another major driver, in the astragalus root extract market, is its popularity amongst the athletes. Astralagus has three potent constituents making it one of the leading super herbs. It contains saponins, flavonoids, and polysaccharides.

Astragalus are usually taken in combination with other herbal supplements. Astralagus, when used appropriately, are safe and do not have much side effects. However, the high doses of astragalus roots can suppress the immune system. Therefore, astragalus should be avoided while taking immune-suppressing drugs.

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Global Astragalus Root Extract Market: Segmentation Overview

The astragalus root extract market is segmented into product form, nature, and applications. The astragalus root extract market is sub segmented into an application, and these includes food and beverages, pharmaceuticals, and personal care products.

Amongst all these applications, the pharmaceutical sector dominated and is expected to maintain its dominance during the forecast period. The astragalus root extract tonic is premium product and is trending amongst the athletes who are looking out for more energy and vitality.

Global Astragalus Root Extract Market: Regional Outlook

Depending on geographic regions global Astragalus Root Extract market is segmented into seven broad regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan and Middle East Africa. APEJ region dominated the market and is expected to maintain its dominance during the forecast period.

lobal Astragalus Root Extract Market: Prominent vendors

Some of the prominent players identified across the value chain of the global astragalus root extract market are Nutragreen Biotechnology Co., Ltd, Xi’An Sanwei Biotechnology Co., Ltd, Mountain Rose Herbs, and Z Natural Foods, LLC, amongst others.

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Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market. To ensure product differentiation and to acquire a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.

Regional analysis for Astragalus Root Extract Market includes

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Western Europe
      • Germany
      • France
      • U.K
      • Italy
      • Spain
      • Nordics
      • Benelux
      • Rest of the Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of the Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
    • China
    • India
    • ASEAN
    • Australia and New Zealand (ANZ)
    • Rest of APEJ
  • Japan
  • The Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com