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Showing posts from June, 2022

BRICS Oral Care Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2022 2027

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  An up to date study by Future Market Insights (FMI) has detected that the competition in the  oral care market  in BRICS countries is intense, although a few companies such as Uniliver Group, Colgate-Palmolive Co., Koninklijke Philips N.V., Procter & Gamble Co., Johnson & Johnson Inc., and GlaxoSmithKline Plc. do hold a position of strength and are expected to maintain their strong position in the near future too. For most of these companies, development of new and innovative products and aggressive marketing activities are common strategies to lure consumers and retain them in a long run. The growing trend of organic products is also opening new opportunities for the vendors to impress the urban populations and gain new revenue avenues. As per the projections of the FMI report, the demand in global oral care market will expand at a CAGR of 4.5% during the forecast period of 2014 to 2020, representing a revenue of US$50.8 bn by 2020. However, the BRICS oral care market is in

Mini Refrigerator Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 - 2027

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  The global  mini refrigerator market   size is expected to reach ~US$ 3,060.2Mn by the end of 2032. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~7.1% between 2022and 2032. According to the report, growing popularity of portable kitchen appliances and emerging trend of energy star certified appliances boost demand for mini refrigerator across the globe. The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market. Attribute Details Mini Refrigerator Market Product Value in 2021 US$ 1,431.5 Mn Mini Refrigerator Market Product Value in 2022 US$ 1,535.5 Mn Mini Refrigerator Market Product Value in 2032 US$ 3,060.2 Mn Mini Refrigerator Market Historical CAGR (2016-2021) 6.3% Mini Refrigerator Market CAGR (2022-2032) 7.1% It includes in-depth insights into the mini refrigerator mar

U.S. and Canada Hot Food Vending Machine Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects FMI 2022 2031

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  According to Future Market Insights (FMI), the  U.S. and Canada hot food vending machine market  is expected to surpass US$ ~4,179.5 Mn in 2022 and at a CAGR of approximately 7.2% through 2031. Increasing number of self-checkout kiosk coupled with convenient payment options is boosting the demand for hot food vending machine in the U.S. and Canada. Need for fresh and hot food due to improved and hectic lifestyle will drive the demand in the market. Furthermore, strong U.S. economy and adoption of smart hot food vending machines in the corporate sector across the U.S. and Canada will propel the sales in the market. By creating inviting spaces for their employees to enjoy their snacks or meals, employers can increase the amount of time their workforce spends in the office. Such factors are contributing towards the growth of the hot food vending machines in the U.S. and Canada. Key Takeaways from the U.S. and Canada Hot Food Vending Machine Market Study Under the food type, ready meat i

Shaving Care Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 - 2032

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  As per a recent market analysis by Future Market Insights (FMI), the  shaving care market  is poised to reach a valuation of  US$ 16.6 Bn  in 2022. Sales are projected to increase at a  7.5% CAGR , with the market size reaching  US$ 34.1 Bn by  2032. Gender-neutral products concept is emerging as a trend in the shaving care market. Products with simple, and minimal designs are increasingly being marketed by vendors. Vendors have desexualized the gender narrative by removing clichés and choosing colours such as mint, taro, and pomelo for a broad gender-neutral outlook. Furthermore, the portability of women’s razors is a new trend. As women spend more time away from home, whether on the job, on vacation, or simply driving, there is a greater demand for portable, easy-to-use and carry models. Moreover, the evolution of hair removal from an “optional beauty” activity to a “necessary hygiene” exercise has significantly aided sales of razors. As a result, manufacturers are introducing wome

Water Quality Testing Equipment Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 - 2027

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  Water quality testing equipment  sales roughly equated US$ 3.4 Bn in 2018. According to a new analytical study of Future Market Insights (FMI), sales of water quality testing equipment will surge at a healthy CAGR of more than 5.5% during the projection period, 2018-2027. Plethora of Applications of Water to Sustain Sales of Water Quality Testing Equipment Around 70% of the freshwater is used in horticulture, which will continue to establish a strong base for growth of water quality testing equipment market. Fishing in salt and fresh water has been a primary income source within several regions, which is cited as another important factor pushing expansion of water quality testing equipment market. Constantly evolving regulatory framework for long-distance trade of products such as oil and natural gas, manufactured clothing and automotive products will also remain among the key factors fueling revenue growth of water quality testing equipment market. Water, steam, as well as ice are u

Electric Toothbrush Market Impacted by COVID-19, Market to Remain Dormant in Near Term, Projects FMI 2022 -2027

  According to the market report published by Future Market Insights titled   ‘ Automatic Electric Toothbrush Market  2022 Outlook, Current and Future Industry Landscape Analysis 2027   the revenue generated from electric toothbrushes is estimated to be valued at over   US$ 3,483.3   Mn in 2019, which is projected to increase at a   CAGR of 7.4%  during the forecast period (2019–2027). High prevalence of periodontal diseases and increasing awareness about the advantages of Automatic Electric Toothbrush Market are prominently driving the market. Increase in awareness about oral hygiene, periodontal diseases such as plaque build-up to increase the life of the teeth are among factors driving the global Automatic Electric Toothbrush Market. Growing oral health concerns among senior citizens, patients, and children owing to periodontal diseases are promoting the usage of oral hygiene products,. which is generating high demand for electric toothbrush in the global market. Research Highlights

GCC Air Purifiers Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 - 2031

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  Future Market Insights (FMI) has published a new report, which is titled, “Air Purifiers Market: GCC Industry Analysis and Opportunity Assessment 2014–2020.” The  GCC air purifier market  is anticipated expand at 17% CAGR from 2014 to 2020 and reach an evaluation of US$85 mn by 2020. One of the key factors boosting the growth of the air purifier market in GCC is the growing incidences of respiratory disorders. Increasing air pollution and dry weather in this part of the world will also fuel the demand for air purifiers. In addition to this, the effective marketing strategies employed by leading players such as road shows and promotional activities are expected to drive the sales of air purifiers in GCC region. Some of the key factors hampering the growth of the market are analyzed in the report. The positioning of air purifier among consumers is that of a luxury good and not a necessity and this is anticipated to act as a restricting factor for the growth of this market in the GCC re