Mezcal Market Prosperous Growth, Recent Trends, demand, Top Key Vendors -Forecast To 2031

The rising demand for craft beer is key growth enabler of mezcal market. Future Market Insights (FMI) in a new study has forecast the market to exhibit above 12% Y-o-Y growth after contracting due to unprecedented COVID-19 outbreak in 2020. Consumer inclination towards alcoholic beverages derived from natural sources is a key game changer. Their evolving behavior pattern has stirred interest in mezcal and has made them especially receptive to the lesser-known categories such as raicilla with the unusual agave varieties.

Driven by consumer interest in craft beers, distillers are experimenting with various agave varieties for mezcal production with a healthy twist to satiate their evolving preference. According to FMI, the demand in 100% tequila category will rise exponentially. Following the age of craft beer, there is visible shift towards trying mezcal, especially in the West, which has been key to growth registered in the 100% tequila segment.

It has been noted trend popularized across social media platforms have a profound influence in determining consumer behavior pattern. While online exposure has increased frequency to bars, pubs, and lounges, focus on health is yet another growth driver. The absence of gluten has been increasing their preference for drinks that include mezcal.

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Key Takeaways from the Mezcal Market Study

  • Outlook for mezcal market remains strong for the upcoming decade as it is forecast to rise at nearly 13.5% CAGR between 2021 and 2031
  • Backed by soaring popularity of mezcal, the U.S. is expected to account for over 90% of mezcal sold in North America in 2021
  • Mexico will remain a key producer of mezcal, exhibiting over 10% Y-o-Y growth in 2021
  • U.K. will remain a bright spot, exhibiting above 14% Y-o-Y growth in 2021
  • Outlook for Brazil in Latin America and China in Asia Pacific excluding Japan will remain strong

“Mezcal market is populated by small producers. With competition soaring across most lucrative pockets, players are likely to focus on research and development. For instance, some of them are leveraging high pressure process (HPP) to extend the shelf life of mezcal,” said a lead analyst at FMI.

Who is winning?

A few of the leading players operating in the Mezcal market are Bacardi Limited., Familia Camarena Tequila, Craft Distiller, Destileria Tlacolula, Diageo Plc., Don Julio, S.A.de., EI Silencio Holdings INC, Fidencio Mezcal, Ilegal Mezcal, Sombra Mezcal, William Grant & Sons Ltd, Sauza Tequila Import Company, Rey Campero., Brown-Forman Corporation (Grupo Industrial Herradura, S.A. de C.V.)., Del Maguey Co., Pensador Mezcal, Pierde Almas.and other players.

Several leading manufacturers of mezcal are focusing on partnering with prominent players in the market to increase its business footprints and to increase their production capacity. Leading players of mezcal are investing in research and development to produce organic, non-GMO ingredients for mezcal.

For instance, Diageo acquired Pierde Almas, which is a premium brand, in 2018 and extended launched a mezcal to extent its Casamigos Tequila line.

Similarly, Campari Group acquired a controlling stake in Montelobos mezcal and Ancho Reyes liqueur for a deal of whopping US$ 35.7 million in 2019.

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Key Segments

Product Type

  • Mezcal Joven
  • Mezcal Reposado
  • Mezcal Anejo

Concentrate

  • 100% Tequila
  • Mix Tequila

Sales Channel

  • HORECA
  • Speciality Stores
  • Modern Trade
  • Online Retailers
  • Other Sales Channels

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

The report covers exhaustive analysis on:

  • Which is the most lucrative market for mezcal?
  • Which is the top-selling type of mezcal?
  • Which are some of the leading companies offering mezcal?
  • Which sales channel accounts is driving sales of mezcal?

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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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Herb & Spice Extracts Market Size Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027

According to Future Market Insights predictions, the global herb and spice extracts market is estimated to be valued at US$ 11.4 Bn by 2017 end and this is anticipated to increase to US$ 18.7 Bn by the end of the forecast period in 2027, witnessing a CAGR of 5.1% in terms of value. Increasing demand for herbal products in the personal care category and more consumers driven towards ethnic flavours of herbs and spices in their diet is expected to drive the growth of the global herb and spice extracts market.

In 2021, Asia Pacific excluding Japan (APEJ) is the largest market for herb and spice extract market that is valued at US$ 5.08 Bn, and is likely to grow at 5.5% CAGR through 2027 and reach US$ 7 Bn.

Global Herb & Spice Extracts Market: Regional Analysis

The global herb and spice extracts market revenue has been estimated by taking into account revenue of the regional herb and spice extracts markets of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. APEJ is slated to remain the largest and dominant market for herb and spice extracts throughout the forecast period, with a market value of about US$ 7.1 Bn expected by the end of the assessment period in 2027. The APEJ regional market is anticipated to grow 1.7x over the forecast period and represent absolute $ opportunity of just under US$ 3 Bn between 2017 and 2027.

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Global Herb & Spice Extracts Market: Segmental Analysis

The global herb and spice extracts market is segmented on the basis of Product Type into Herb Extracts and Spice Extracts; on the basis of Form into Powder, Liquid, and Others; on the basis of Application into Food (Sauce/dressing/condiments, Confectionery/bakery, Dairy products, Others), Beverages (Juices, RTD Tea, Alcoholic beverages, Traditional homemade drinks, Others), Personal Care (Skin Care, Hair Care, Perfumes & Fragrances, Aromatherapy, Others), Nutraceutical, Pharmaceutical, and Others; and on the basis of Sales Channel into Direct sales and Indirect sales (Specialty stores, Hyper/supermarket, E-commerce, Other retail formats).

  • By Form, the Liquid segment is expected to dominate the global market in terms of value share and is estimated to hold about 49% share of the global herb and spice extracts market by 2027 end. Powder is the most commonly used form as it has a wide application in home cooked foods and other food preparations.
  • Spice Extracts is the largest segment by Product Type, with a market share of more than 50% recorded during the forecast period. A high demand for spices in food and beverages, seasonings, and condiments is expected to fuel segmental growth over the forecast period.
  • In terms of Application, the Food segment will dominate the global herb and spice extracts market, with an estimated market share of more than 40% throughout the forecast period. The demand for herb and spice extracts in the food segment is likely to grow continuously during the forecast period owing to their wide application as flavouring enhancers in different types of foods and beverages.
  • By Sales Channel, the Direct Sales segment is anticipated to be the most attractive during the forecast period, with estimated market revenue to the tune of about US$ 9.7 Bn by the end of the forecast period in 2027.

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Global Herb & Spice Extracts Market: Key Players

The report profiles some of the top companies operating in the global herb and spice extracts market such as Givaudan SA, Kerry Group Plc., Takasago International corporation, Dohler GmbH, Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd., Organic Herb Inc., British Pepper & spice Company.

Frequently Asked Questions

  • How big is herb and spice extract market?
  • What are the leading herb and spice extract companies?

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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.

Contact: 

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T: +1-845-579-5705

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Blackout Fabric Market is Projected to Grow at a CAGR of 6.9% Between 2022 and 2032

The global demand for blackout fabrics is projected to increase at a CAGR of 6.9% during the forecast period between 2022 and 2032, reaching a total of US$ 17.92 Billion in 2032, according to a report from Future Market Insights. From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 3.5%.

 The global market for blackout fabric laminates is anticipated to witness significant growth due to various potential advantages such as design aesthetic flexibility, lightweight, low maintenance, quick installation, and so on. Blackout fabric laminates can also preserve efficiency and cut energy costs by up to one-fourth, the requirement in emerging businesses for blackout fabric laminates.

Mounting sales of such laminations are predicted to garner handsome growth in the blackout fabric market over the 2022-2032 forecast period. Increase in the number of smart homes in developing countries due to economic growth is fuelling the blackout fabric market. High volume demand for a healthy lifestyle is spurring demand for blackout fabric.

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Key Takeaways from the Market Study

  • In terms of revenue, the 2-3 ply segment to hold a 55.5% revenue share in 2022
  • Asia Pacific is expected to grow at a CAGR of 8% from 2022 to 2032.
  • Over the forecast period, the above 3 Ply segment is projected to grow at a CAGR of 6.2%.
  • North America to account for 31% of the blackout fabric market share in 2022
  • From 2022 to 2032, photography laboratories to emerge as the primary end user, growing at a 6.5% CAGR

Market Competition

Prominent players in the industrial Blackout Fabric market are UNITEC Textile Decoration Co., Ltd., Etremonde Polycoaters Limited, Indiana Coated Fabrics, Hunter Douglas, Dunmore, Herculite, P.W. Greenhalgh & Company Limited, Sotexpro, Bandalux, Création Baumann and others. Some notable developments by manufacturers are

  • In November 2021, UNITEC Textile Decoration Co. Ltd released the Blackout Blinds Fabric Laminar URB8800 series, a newly developed roller blind fabric. It distinguishes itself from the previous roller blind fabric by having a fabric pattern on the front side and a coating on the back. As a result, it is fabric on both sides. The fabric texture is the same whether indoors or outdoors.
  • The Duette® LightLockTM system, which fits securely into the window frame and was released in January 2019 by Hunter Dougals, is the only one of its kind to provide such darkening effects. Its innovative U-shaped side channels have a black, ridged interior surface that traps and absorbs light from all angles, leaving rooms nearly dark.

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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global cross border e-commerce software market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of deployment (cloud-based and on-premise), and application (large enterprises and SMEs) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered in the Blackout Fabric Industry Analysis

Blackout Fabric Market by End Use:

  • Blackout Fabrics for Industrial Use
  • Blackout Fabrics for Schools and Colleges
  • Blackout Fabrics for Photography Laboratories
  • Blackout Fabrics for Hotels & Restaurants
  • Blackout Fabrics for Other End Uses

Blackout Fabric Market by Thickness:

  • Up to 1 Ply Blackout Fabric
  • 2-3 Ply Blackout Fabric
  • Above 3 Ply Blackout Fabric

Blackout Fabric Market by Region:

  • North America Industrial Blackout Fabric Market
  • Latin America Industrial Blackout Fabric Market
  • Europe Industrial Blackout Fabric Market
  • Asia Pacific Industrial Blackout Fabric Market
  • Middle East & Africa Industrial Blackout Fabric Market

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About 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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Dairy Alternatives Market Growth, Future Prospects and Competitive Analysis 2032

According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of Dairy Alternatives are estimated to reach a value of US$ 123,634.7 Mn by 2032, surging at 14.7% CAGR through the decade.

Dairy alternatives are plant-based foods and beverages that can be used to replace dairy products in a healthier way. Dairy alternatives are considered healthful due to the presence of a number of essential vitamins and minerals in dairy products. Concerns about hormones, pesticides, and antibiotics in dairy products are driving demand for dairy alternatives.

Rather than using milk as raw material, a variety of new and innovative beverage firms are using dairy alternatives as to the foundation component. Customers’ rising need for a variety of beverage options has resulted in a variety of dairy-free flavored beverages. Lactose-intolerant consumers are also seeking a variety of milk-based dairy substitute beverages, which is driving the market forward.

The Asia Pacific, excluding China, dominates the worldwide dairy alternative market, followed by Europe, North America, Latin America, the Middle East, and Africa. The Asia Pacific accounts for a large portion of the market and is likely to drive regional demand for dairy substitutes in the future years.

The regional sector has grown in size due to rising demand for nutritional and healthy products, as well as a shift in customer tastes toward a vegan diet. Favorable government policies to boost import, export, production, and distribution in key economies like China, India, Japan, Malaysia, and Indonesia would lift regional business statistics even higher.

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Key takeaways from market study

  • Dairy alternatives have evolved as a safe substitute for dairy products because they are obtained from natural sources and extracted naturally.
  • The Dairy Alternatives Market grew at a CAGR of 13.6 percent from 2017 to 2021.
  • Plant-based milk replacements that are vegetarian-friendly are expected to put pressure on India’s traditional dairy industry.
  • Vegan milk is widely available in India, with brands such as Sofit and Staeta’s almond and soy milk.
  • In the United States, rising consumer demand for sweetened flavored soy and almond milk is expected to fuel the dairy alternatives market.
  • In response to consumer demand, Sainsbury’s has increased the number of dairy-free milk brands it offers, with around 300 shops in the U.K.
  • With such a high number of lactose-intolerant persons in Brazil, vegan and plant-based options are gaining popularity.
  • Sugar reduction, healthy eating, and more protein and fibre content in food are three major trends affecting the Brazilian food business.

“Vegan or flexitarian diets are expected to create attractive opportunities for the dairy substitutes market to grow, as well as widespread condemnation of animal cruelty and the dairy sector’s greenhouse gas emissions, which have increased dramatically in recent years and are negatively impacting the dairy industry. In both affluent and developing countries, this has raised concerns and spurred demand for dairy alternatives”, says a lead analyst at Future Market Insights.

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Competitive landscape

The majority of dairy alternatives manufacturers are vertically integrated through established procedures in the end-user phase of the value chain. As a result, a number of major companies are developing dairy-free goods, as well as beverages made with substitutes like almond or soy milk. For industry participants, new product development in the food and beverage industry to offer alternatives to milk-based commodities is expected to be a significant success factor.

For example, the Hershey Trust Company’s Sofit brand, which is available in the Kesar Pista flavor, has been designed to appeal to Indian clientele.

Some of the major companies in the market are SunOpta Inc., Hain Celestial Group, Inc., Oatly, Danone, Daiya Foods Inc., Vitasoy International Holdings Limited, Living Harvest Foods Inc., Melt Organic, Earth’s Own Food Company Inc., Ripple Foods, The Whitewave Foods Company, ADM, Nutriops, S.L., Eden Foods, Inc.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of Dairy Alternatives presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032

By Source:

  • Soy
  • Almond
  • Rice
  • Coconut
  • Oats
  • Others

By Product:

  • Regular/ Unflavored
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)
  • Flavored
    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Oat Milk
    • Others (Hemp, Flax, etc.)

By Nature:

  • Organic
  • Conventional

By Distribution Channel:

  • Direct Sales/ B2B
  • Indirect Sales/ B2C
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Mass Grocery Retailers
    • Specialty Stores
    • Online Retail

The report covers exhaustive analysis on:

  • How much is the current dairy alternatives market worth?
  • At what CAGR is the market expected to grow?
  • How was the performance in the last five years in dairy alternatives market?
  • What are the key trends boosting dairy alternatives sales?
  • How are market players reacting to the new developments in the market?
  • Which are the major countries driving demand for dairy alternatives?
  • Who are the major players in the dairy alternatives market?

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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.

Contact: 

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

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T: +1-845-579-5705

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EMC Shielding and Test Equipment Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032-FMI

The market for EMC shielding and test equipment  market is anticipated to grow consistently between 2022 and 2032 at a rate of 4.5%. Market analysts expect the EMC shielding and test equipment market to increase from US$ 7.1 billion in 2022 to US$ 11 billion in 2032. Prior to this, the market experienced a CAGR of 5.1%, which resulted in a market size of US$ 6.7 Bn in 2021.

The market share is growing as more automotive sectors adopt EMC shielding and test equipment to test the full performance of their vehicles.

The demand for consumer electronics is growing, electromagnetic pollution is increasing, and field trials and pilot testing to demonstrate the viability of new technologies are all contributing to a booming market for EMC shielding and test equipment.

According to Future Market Insights (FMI), the EMC shielding and test equipment market is forecasted to reach a net worth of US$ 11 Bn in 2032 from US$ 7.1 Bn in 2022. It is estimated to register a robust CAGR of 4.5% over the forecast years.

Due to the surge in the use of consumer communication devices, there has been a rise in frequency wave interferences all across the world, known as electromagnetic pollution. To get rid of such unwanted disruptions over the devices connected to broadband networks, EMC shielding applications are utilized in highly sensitive workplaces.

The high cost incurred due to electromagnetic interferences is also one of the major reasons for the higher applications of different EMC shielding types in the present time. To check the level of interference of electromagnetic waves present in any location for providing proper management of devices, EMC testing equipment has emerged as an affordable option in the present market.

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With the introduction of the fourth industrial revolution, almost all activities in industrial setups are getting rapidly digitized with the deployment of computers and smart devices.

For the proper functioning of such devices, the necessity of EMC shielding materials has increased manyfold in the recent past. The industrialization of developing economies is predicted to drive the global EMC shielding and test equipment market share in the coming decade.

Leading Companies Profiled in EMC Shielding and Test Equipment Market are:

  • PARKER-HANNIFIN
  • PPG INDUSTRIES
  • HENKEL
  • LAIRD PERFORMANCE MATERIALS
  • RTP COMPANY

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“Growth of the consumer electronics sector in China and Japan have turned them into an attractive market for EMC shielding solutions. The global EMC shielding and test equipment market is expected to proliferate with the establishment of new product manufacturers and service providers in the Asia Pacific Region.”

However, the provision of EMC shielding types at various locations incurs a very high cost of installation and operation. This can be a major factor hampering the wider adoption of EMC shielding and test equipment in various areas with good opportunities.

Key Takeaways

  • The global EMC shielding market is poised to experience an absolute growth of US$ 3.9 Bn between the years 2022 to 2032. The present value of the global EMC shielding and test equipment market is estimated to be around US$ 7.1 Bn, with a predicted growth rate of 4.5%.
  • The EMC shielding type dominates over the EMC testing equipment segment in terms of revenue generated globally. This segment is anticipated to witness a CAGR of 4.4% during the forecast period.
  • Among the various end-use verticals of the EMC shielding and test equipment market, the consumer electronics segment is the top contributing category to the growth of the global market. The growth rate analyzed for this segment is around 3.9% for the forecasted years.
  • United States (US) is the leading country in the use of EMC shielding techniques, with a dominant market share valued at US$ 2.4 Bn in 2021. The CAGR recorded for the American EMC shielding and test equipment market is nearly 4%, as per the market analysis report.

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Key Segments

By Type:

  • EMC Shielding
  • EMC Type

By Vertical:

  • Consumer Electronics
  • Telecom & IT
  • Automotive, Healthcare
  • Aerospace, Others

By Application:

  • Consumer Appliances and Electronics
  • Automotive
  • Military and Aerospace
  • IT and Telecommunication
  • Medical
  • Railways
  • Renewable Energy
  • Industrial

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Competitive Landscape

The major players operating in the global EMC shielding and test equipment market include Parke-Hannifin, PPG Industries, Henkel, Laird Performance Materials, RTP Company, Schaffner, Teseq, and EM Test.

  • The Alpha Coating Technologies of the US was acquired by PPG Industries in March 2020. Alpha Coating is famous for its powder coatings with heat-sensitive substrates, particularly useful for light industrial applications.
  • New 400W P1dB models were added by Teseq to its CBA D-series amplifiers in November 2019, ranging from 1 GHz to 6GHz. This new addition is expected to augment the company profile for RF EMC immunity testing in many verticals.
  • An electromagnetic interference (EMI) receiver named N9048B was launched by Keysight Technologies in October 2019. The innovative t3chnology used in this new product complies with standard MIL-STD-461C and FCC part 15 testing requirements.

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:

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Period Panties Market will Gain Impetus from Rising Awareness about the Importance of Feminine Hygiene

The global period panties market will see to grow at 15.8% CAGR between 2020 and 2030.

By the end of 2021, the market’s valuation is expected to reach US$ 180 Mn. The rise in awareness about feminine hygiene coupled with the increase in demand for eco-friendly period panties is projected to present lucrative opportunities for expansion of the market.

An increasing number of women getting conscious about the prevalence of the diseases associated with unhygienic menstrual management practices and they are opting safer ways to maintain the proper menstrual hygiene.

According to the National Centre for Biotechnology Information (NCBI), women who use reusable absorbent pads are more likely to be diagnosed with at least one urogenital infection than women using disposable pads. Disposable period panties being meant for maintenance of proper hygiene and providing comfort are experiencing surge in demand.

The COVID-19 pandemic has affected the sales of the market severely, especially earlier this year. However, the market seems to be recovering steadily owing to the rise in requirement for the safer and more hygienic ways of menstrual management practices. FMI in the study reports growth at decelerated pace in 2020. However, 2021 onwards the market is expected to regain momentum.

FMI offers an in-depth analysis of the market trends, potential, growth, and restraints.

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Some of the key takeaways from the report are highlighted below-

  • Brief-styled period panties are increasingly preferred style
  • Disposable period panties will emerge as highly sought after product in the coming years
  • Sales of medium-sized period panties will remain considerably high
  • Maximum sales of period panties are expected to happen via offline sales channels, however, growth exhibited by online channels is expected to happen at a higher rate
  • North America is expected to remain the dominant market for period panties yet East Asia and South Asia are expected to report growth at higher rate

“The demand for hygienic menstrual management has increased the requirement of period panties substantially over the past decade. The rise in concern about maintaining proper female hygiene is forecast to boost the growth of the market further in the coming years. With an increasing number of consumers willing to spend for better comfort, period panties sales are expected to pick up,” says an FMI analyst.

COVID-19 Impact Analysis

The global period panties market has suffered major set-back due to the outbreak of novel coronavirus, during the first half of this year. The sudden lock down followed by the decrease in demand due to the shifted focus towards emergency requirements has slowed down the growth of the market.

While the market is overcoming the restraints such as financial crisis, unavailability of enough raw materials, and others, the demand for period panties is rising again to let the market expand further. According to FMI, the market is likely to get back to its feet by the end of the next year paving new paths to excel for the key market players.

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Who is Winning?

The global period panties market has a highly competitive environment. In order to sail through the cut-throat competition, the key market players are focusing on launching of better quality products.

For instance,

  • Knixwear launched its new range of absorbent, machine-washable, and comfortable leakproof period panties such as Leakproof Boyshort, Leakprooof High Rise, Leakproof Bikini, and others in 2020
  • Modibodi launched its new extensive range of period panties such as Seamfree Full Brief Heavy-Overnight Absorbency, High-Waist Bikini Heavy-Overnight Absorbency, and others in 2020. They are focusing on brining quality products for all body types of women to target wider range of consumers

More Valuable Insights on Period Panties Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global period panties market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (reusable, disposable), style (boy short, bikini, brief, hipsters, others), sales channel (online (e-commerce owned portal, company owned portal), offline (exclusive stores, multi-brand stores)), across six major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

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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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Electronic Equipment Repair Service Market 2022 | Present Scenario and Growth Prospects 2032-FMI

The electronic equipment repair services market is expected to reach a net worth of $228.2 billion in 2032, up from $121.2 billion in 2022, according to a market study report by Future Market Insights (FMI). It is expected to grow at a rate of 6.5 percent during the next few years.

The volume of electronic devices and appliances has increased significantly as economic conditions have improved and electrical grid networks have developed around the world. Electronic device repair services have also increased in number, making it a lucrative company all around the world.

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The demand for electronic equipment that is prone to failure and frequent failure has increased as a result of industrial automation in numerous areas.

Service for industrial electronic equipment during the projection years, the market size is expected to grow even more with the introduction of the fourth industrial revolution, or IR 4.0.

Wearable smart devices that are connected to the internet have become an indispensable aspect of modern life. In local markets, there have been an abundance of electronic device repair shops. In this regard, the electronic equipment repair services industry with the institutionalization of such facilities, it is likely to witness considerable expansion.

The research also examines the results of a market survey conducted during the Covid-19 pandemic, which had a significant impact on the growth of the market system that provides services for repairing electronic equipment. From 2015 to 2021, the growth rate was 7.8%.

key takeaways

  • During the projected period of 2022 to 2032, the global market share of electronic equipment repair services is expected to expand by $107 billion in absolute dollars, reaching $228.2 billion.
  • Consumer electronics, according to the market analysis report, is the most appealing segment for the electronic equipment repair services market, which is expected to increase at a rate of 7.1 percent during the projection years.
  • Europe is the top market for electronic devices among the various geographical regions, with an estimated value of $68.6 billion and a CAGR of 6.5 percent during the forecast period.
  • In the domestic electronic equipment sector, Pacific Asia countries are emerging as new leaders. Porcelain is projected to expand at a faster rate than other materials.

Segmentation Outlook For Electronic Equipment Repair Service Market

The electronic equipment repair service market has been divided into two segments: product type and region. On the basis of product type, the market has been segmented into consumer electronics, computer and related products, and others.

Consumer electronics are further divided into smartphones, mobile, television, and set top box. Computer and related products are further divided into notebooks, tablets and desktop PCs. POS systems, medical equipment and industries come under other categories.

The research analyses incremental opportunities and examines the attractiveness of segments based on CAGR and market share index.

Competition Impacts The Electronic Equipment Repair Service Market

The development of innovative and efficient services is the primary focus of players in the electronic equipment repair service. Research shows how the competitors are taking advantage of the opportunities present in the electronic equipment repair service.

The research also includes a competitive landscape section that includes a competition matrix, market share analysis of leading players in the global electronic equipment repair service market based on revenues, and profiles of key players.

The competitiveness matrix ranks leading players according to their competencies and growth prospects. A company’s capabilities are determined by factors such as market position, offers, and R&D focus.

Some of the recent developments in the electronic equipment repair service are:

  • In the electronic equipment repair service business, there is a lot of rivalry from other startups. In this sector, companies with top-notch workforces and up-to-date product databases have found success. Individual company profitability is determined by aspects such as speed, service accuracy, and volume.
  • Radio commercials, newspaper advertisements, website banners, referrals, billboards, discounts, direct mailers, and yellow pages are just a few of the marketing techniques used by these start-ups.

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Key players

Key Segments

By Product Type:

  • Consumer Electronics
  • Computer Related Products
  • Others

By Region:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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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Smart Shoe Market is Projected at US$ 231.4 Mn in 2022 and US$ 608.2 Mn in 2032

The smart shoe market is projected at US$ 231.4 Mn in 2022 and is projected to reach US$ 608.2 Mn by 2032. The market grew at a CAGR of 7.6% from 2016 to 2021. The smart shoe market holds a minor amount of share of ~0.5% in the overall footwear market, but it is anticipated to alter over the next decade.

As increasing consumer proclivity for health and fitness related products has been elevating the prospects of smart wearables landscape, it is highly likely that smart shoes will also establish a firmer base in coming years. Functional capabilities of smart shoes tracking the data of running or walking, running routes, calories burned, and activity speed will continue to place smart shoes in today’s desirable products category.

Other important technologies such as GPS navigation are also likely to uplift applicability of smart shoes in the tech savvy age.

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According to FMI’s analysis, navigation shoes will remain bestselling in the smart shoe market, accounting for more than half of the global smart shoe sales. Step counting smart shoes are also cited as a popular category among consumers of smart shoes.

With leading manufacturers of smart shoes concentrating on enhancing overall customer experience by investing more efforts in improving the cushioning effect, stability, road-holding ability, breathability, shock absorption, and light weight, the report is anticipating more innovation in the smart shoe industry, translating into higher traction for innovative offerings in the smart shoe category.

Key Manufacturers of Smart Shoes Preferring Technological Collaborations, Targeting New Product Launches

The market is dominated by global brands such as Under Armour, Nike, and Puma among others. However, the study highlights that Chinese players have been strategizing on strengthening their market footprint, recently, boosting the level of competition further.

Moreover, relatively smaller, private-label brands are securing their position in the global smart shoe market by offering competitively priced products, which is likely to emerge as a point of concern for industry giants in the long run.

From Nike’s self-lacing sneakers launched a couple of years ago, followed by Li Ning’s smart shoes enabled with military-grade motion sensors, in partnership with Xiomi, product innovation has been the most preferred developmental strategy among leading players.

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Over innovation, leading companies in smart shoe market are entering strategic partnerships with tech giants. The strategic partnership between SR Max (SR Max Slip Resistant Shoes) and Sole Power, LLC to jointly develop self-charging smart work boots, and that between Genesis Rehab Services and Sensoria Fitness for the development of a smart footwear product for diabetes patients, mark some of the recent examples.

Puma’s relaunch of the oldest RS-Computer Shoes (2018) initiated a trend wave of launching older products in the category, with technological and feature upgrade.

The report has a dedicated section for strategic profiles of some of the most prominent players actively competing in the global smart shoe market landscape. A few among them include Puma, Under Armour, Adidas, Li Ning (Xiaomi), Nike, Salted Venture, Digitsole, Orphe, Powerlace, Intellinium, GTX Corp, Lechal Company, EasyJet, and E-Vone.

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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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Gemstone Market is Projected at a US$ 30,779.1Mn in 2022 and US$ 53,146.2Mn in 2032

According to the study, several producers and designers are solely focused on creating distinctive, personalized gemstone jewelry designs using cutting-edge technologies like rapid prototyping (RP) and computer-aided design (CAD) (CAD).

However, research also unmistakably shows a consistent increase in the rate of gemstone purchases for expensive arts.

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Diamond is currently the most popular type of gemstone, accounting for over 80% of all gemstone sales in terms of revenue, and is expected to continue to be so for some time to come. According to the market prediction for gemstones for the upcoming few years, the research emphasizes a potential increase in the demand for rubies.

Currently, synthetic gemstones make up more than 85% of all gemstone sales. The study predicts that synthetic gemstones’ adaptable physical properties and relatively inexpensive price point will Maintain their position as the preferable alternative to gemstones found in nature.

The high-end gemstones market will continue to cultivate a premium consumer base, notwithstanding the recent sales success of low-end gemstones. Asian consumers in emerging markets will particularly favor fine jewels that are hard to accumulate and have distinctive designs.

While this trend has its roots in the rising per-capita expenditure on lifestyle goods, a sizeable consumer population also says that they will stick to their budgetary restrictions when choosing the kind of gemstone.

Developed Regions Spearhead Global Gemstones Space, Asian Markets to Emerge Lucrative

With more than one-third of the value of the worldwide gemstone market, North America will continue to be the top destination for investment for gemstone producers, creators, and marketers. Furthermore, the survey finds that Europe has a sizably high-value share in the gemstones market, largely because there is such a high demand for jewelry made of diamonds and precious stones.

Additionally, Asia Pacific is mentioned as a crucial regional market for both diamonds and colorful gemstones. The Asia Pacific is the source of some of the highest quality, finest gemstone discoveries. According to FMI’s data, China dominates the APAC gemstones market, followed by India and Japan.

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Competition Analysis: Gemstones Market Players

Given that colored gemstones have been classified as a small cottage industry, the supply of gemstones like ruby, sapphire, emerald, and others is likely to stay fragmented. There are many players, and the product selection is extensive. On the other hand, a small number of powerful players who possess concentrated mine pockets control the diamond market.

The majority of top businesses involved in the development of the mining, production, and processing capacity for gemstones are planning to do so. The mining, production, and processing of diamonds is a key component of the development strategies of several market participants in the gemstone industry.

A number of the well-known businesses operating in the global gemstones market have been profiled in the report, including Gem Diamonds Limited, Rockwell Diamonds Inc., Debswana Diamond Company (Pty) Limited, Swarovski Group, Petra Diamonds Limited, Botswana Diamonds P.L.C., Stornoway Diamond Corporation, Arctic Star Exploration Corp., KGK Group, and others.

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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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Vertical Immersion Pumps Market by Development Status, Competition Analysis, Type and Application-FMI

It is especially suitable for pumping and circulating aggressive and abrasive media. Vertical immersion pumps is a type of centrifugal pumps which is vertically immersed for the handling of water and other thin liquids. Vertical immersion pumps are also known as vertical column and shaft pumps.

Vertical immersion pumps can cover a wide range of flow rates and heads making it a versatile type of transfer pump, and mainly used in the cases when flow rate exceeds the capabilities of a jet pump, and when the continuous running or special immersion lengths are required.

Vertical immersion pumps offers similar range of services as magnetic drive centrifugal pumps, and enable additional opportunities due to applications in container or tank with the installation of vertically submerged.

Vertical immersion pumps has several advantages such as space saving by direct installation, saving of suction pipes, energy efficient, and others. Vertical immersion pumps is majorly used in the agricultural irrigation and available in various sizes, material as well as hydraulic combinations.

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Vertical Immersion Pumps Market: Dynamics

The demand for vertical immersion pumps is continuously increasing from several end-use industries owing to its several advantages over the conventional pumps such as customer-specific installation flange, construction in fully plastic material, variable discharge connection, space-saving by direct installation, saving of suction pipes, high efficiency, and others.

Vertical immersion pumps are predominantly use in several end-use industries such as electroplating industry, etching and cleaning systems, refrigeration machines, solar systems, photographic industry, wastewater treatment, etc. which creating more opportunistic market for the manufacturers of vertical immersion pumps.

Vertical immersion pumps plays a vital role where larger flow rate is required, it is the ideal solution when needing to pump from underground well, a reservoir or river, or in application where the liquid is a high temperature that would not enable a traditional centrifugal pump to be used.

Increasing government initiatives towards the improvement of agricultural sector, providing several opportunities to the farmer in order to implement water pumps in farms, which creating new opportunistic market for the manufacturers of vertical immersion pumps in several countries.

Vertical Immersion Pumps Market: Regional Outlook

Based on the region the vertical immersion pumps market can be segmented into several regions, such as North America, Europe, East Asia, South Asia, Latin America, and Middle East & Africa. Vertical immersion pumps market is expected to lead by East Asia, owing to presence good number of global as well as regional manufacturer.

Europe is expected to witness a substantial growth in the vertical immersion market, as increasing agricultural activities propelling the demand for vertical immersion pumps. Moreover, the increasing popularity of vertical immersion pumps due to its distinct advantages and benefits over other pumps is gaining traction in the market.

North America is a significant market for the vertical immersion pumps, the global manufacturers of vertical immersion pumps are willing to expand their market in this region due to rapid industrialization and urbanization in this region, which creating significant demand for the vertical immersion pumps.

South Asia is the fastest emerging market for the vertical immersion pumps, as presence of several developing economies such as India, Indonesia, and others, where agriculture sector as well as several end-use industries of vertical immersion pumps is growing rapidly which assisting the growth of this market. Latin America, and Middle East & Africa is expected to witness average growth in vertical immersion pump market.

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Vertical Immersion Pumps Market: Market Participants

Some of the Key players involved in the manufacturing of vertical immersion pumps are –

  • Brinkmann Pumps
  • KSB Pumps
  • Gusher Pumps
  • ITT Inc
  • AxFlow Holding AB
  • Lutz-JESCO GmbH
  • RENNER GmbH, and others.

The research report presents a comprehensive assessment of the Vertical Immersion Pumps market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to Vertical Immersion Pumps market segments such as component, type, application, end-user and region, etc.

The market 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 factors on Bi-metallic Band Saw Blade market segments and geographies.

Vertical Immersion Pumps Market: Segmentation

Globally, vertical impression pump market can be segmented on the basis of material, and application

Based on the material, vertical immersion pumps market can be segmented into,

  • PP (GFR)
  • PVDF
  • Cast iron
  • Ductile cast iron
  • WCB
  • Others

Based on the application, vertical immersion pumps market can be segmented into,

  • Irrigation
  • Potable water supply
  • Plant make-up water
  • Water cooling
  • Dewatering
  • Geothermal well
  • Electroplating

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:

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