China Ice Cream Market to Grow at 8.1% CAGR from 2020 – 2027, Propelled by Rising Consumer Spending on Food & Confectionery Items

According to the latest report by Renub Research, titled “China Ice Cream Market Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis” the China Ice Cream Market Size will reach to US$ 40.19 Billion by 2027. Ice creams are becoming more fashionable and more eatable items in China. As China experiments with frozen treats, people find popsicles shaped like the Great Wall of China, boba tee-flavored ice pops and even peppercorn-flavored ice cream. It is a sugared chilled food typically eaten as a snack or dessert. It is made of dairy milk or cream and is flavored with a sweetener, either sugar or an alternative, and spice, such as cocoa or vanilla, or fruit like strawberries or peaches.

How COVID-19 Driving Growth of Chinese Ice Cream Industry

The China ice cream industry is growing due to the novel coronavirus. The COVID-19 pandemic has been improving the performance of Chinese consumers in many different ways, from spending and lifestyle options to the shopping channels used and media used. The extension in purchasing ice cream to eat at home suggests that people find some solace in an indulgent snack in this stressful time. Growing middle-class income and high-end ice cream consumption have never been higher in China. China current economic development is attracting foreign companies to invest in the ice cream sector.


Based on product type, the China ice-cream industry is segmented into artisanal, impulse and takes home. Impulse Ice cream remains a Chinese favorite summertime treat; it Includes single-serve ice cream tubs, packaged cones, ice cream sandwiches, and chocolate-coated ice creams. Impulse Ice Cream (dairy and water-based) consumed in china Supermarkets and Hypermarkets, Convenience stores with new packaging Paper Bowls, Carton, Wrap, and others are more comfortable to carry and store compared to the old ones.


Vanilla Ice Cream is the most Popular Flavor in All Section of Chinese Society

Moreover, the inclination of young Chinese people towards snacking at different intervals evolves artisanal ice creams as a snack food. Health consciousness of consumers is a predominant factor boosting the artisanal product demand due to its being handmade by using natural ingredients and avoiding the use of any preservatives, emulsifiers, artificial flavors or any taste stabilizer.


Besides, vanilla ice cream was the most popular flavor in Chinese Kids & Babies, Early Young Adults and Older Young Adults. Vanilla has continued to be the best-selling ice cream flavor not only because it is creamy and sweet but also because of its capacity to enhance so many other desserts and treats. At a Chinese Buffet, users can find the typical Ice Cream sections for scooping: chocolate, milk/vanilla, strawberry. While classic flavors prevalent in Western countries, such as chocolate, strawberry or cookies and cream, were also considered crowd-pleasers in China.


Worldwide Chinese Ice Cream Market Size was US$ 23.34 Billion in 2020

The ice cream industry in East China is increasing, with brands tapping into this trend from both an indulgence and health perspective. The majority of East China consumers opt for ice cream desserts as meal replacements. Further, coupled with health, hectic lifestyles and wellness concerns demand these changes. A viable preference for natural, less processed, and convenient food and an increasing centre on low-calorie ice creams enable companies to tap into East China’s market’s growth potential. In addition to the rising health concerns regarding ice cream consumption in South China, consumers prefer ice cream products that are hormone-free, GMO-free, additive- and preservative-free, dairy-free, low in calories, and organic and fat-free.

Competitive Landscape Analysis

The China ice cream market is competitive and comprises regional and international Players. Such as Meiji co ltd, Haagen-Dazs, Blizzard, Magnum, YILI.Com Inc, General Mills Inc. These players compete on different factors, including quality, product offerings, taste, flavor, marketing activities, price, functionality, size, packaging, and to gain a competitive advantage in the ice cream market in China. The most active companies in the ice cream market are mainly focused on introducing new products to cater to the interests of consumers. For instance, in 2021, General Mills aims to expand into lower-tier Ice Cream markets and stimulate its product presence in China through a tie-up with the food giant Ting Shin Group to obtain a stronger foothold in the food and catering sector.

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Market Summary

  • Products Type – We have covered by product type in the China ice cream market breakup by 3 viewpoints (Artisanal, Impulse and Take Home)
  • Flavor Type – Renub Research Report covered by Flavor type the China ice cream market breakup by 8 viewpoints (Vanilla, Chocolate, Mango, Orange, and Strawberry, Butterscotch, Blueberry, Others)
  • Age Group – Our Report covered by Age Group in the China ice cream market breakup by 7 viewpoints (Kids & Babies, Tweens & Early Teens, Early Young Adults, Older Young Adults, Pre-Mid-Lifers, Mid-Lifers, Older Consumers)
  • Packaging Type – As per Report covered by Packaging Type the China ice cream market breakup by 4 viewpoints (Paper Bowls, Carton, Wrap, and Others)
  • Distribution – This report covered by Distribution in the China ice cream breakup by 5 viewpoints (Supermarkets and Hypermarkets, Convenience Store, Specialist Retailers, Online Retail Stores and Other)
  • Regional Distribution – Our Report covered by Regional Distribution in China ice cream market breakup by 6 viewpoints (East China, South China, North China, West China, Central China, Northeast China)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Meiji co.ltd, Haagen-Dazs, Blizzard, Magnum, YILI.Com Inc, General Mills Inc

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Sleep Apnea Devices Market by Device Type, Companies, Forecast

According to the latest report by Renub Research, titled “Sleep Apnea Devices Market, Global Forecast, Impact of COVID-19, Industry Trends by Device Type, Opportunity Company Overview, Revenue” the Sleep Apnea Devices Market is expected to reach US$ 8.7 Billion by 2027. Sleep apnea is a disorder distinguished by rhythmic and repetitive obstruction of the upper airway provoking pharyngeal collapse. During sleep apnea disorder, breathing is repeatedly interrupted during sleep; these breathing pauses typically last between 10 to 20 seconds and happen from 5 to over 100 times per hour. There are three main characters of sleep apnea obstructive sleep apnea, central sleep apnea, and complex sleep apnea syndrome. Sleep apnea therapy aims to open the airway and breathe better at night. Many devices help that happen.

Key Market Trends:

  • The expanding prevalence of (OSA) obstructive sleep apnea disorder, complex sleep apnea syndrome and central sleep apnea are among the key factors driving the growth of the Sleep apnea device industry. Such conditions are highly prevalent among the geriatric and population suffering from other ailments, such as hypertension and cardiovascular diseases (CVDs) and diabetes, facilitating product adoption across developed and emerging nations.
  • According to Respirology, 1 billion of the world’s population of 7.3 billion people, between the ages of 30 and 69 years, has the most common Type of sleep-disordered breathing, obstructive sleep apnoea (OSA).
  • As a result of rising life anticipation, the growing geriatric population increases the prevalence of sleep disease. With the development of the geriatric population, the usage of Sleep apnea devices will increase, as the senior population is more prone to sleep apnea devices.
  • As per WHO (World Health Organization), in 2018, the world’s population of people aged 60 and above will reach 2.0 billion by 2050.
  • In 2021, the FDA announces the approval of a prescription tongue muscle stimulation device that claims to defeat mild obstructive sleep apnea (OSA) and to snore. The device, named eXciteOSA, is pass through the de novo regulatory pathway for people 18 years and older.


Worldwide Sleep Apnea Device Market Size was US$ 5.2 Billion in 2020

On the basis of Type, Sleep apnea appliances industry includes therapeutic devices and diagnostic devices. Sleep apnea therapeutic devices, such as Continuous Positive Airway Pressure (CPAP), Bilevel Positive Airway Pressure (BiPAP) and Auto CPAP Sleep Apnea machines. The (CPAP) continuous positive airway pressure unit is the most prescribed machine for sleep apnea. Auto CPAP Sleep Apnea machines are used to evaluate the patient’s respiratory and other bodily functions during sleep.


Apart from this, sleep apnea diagnostics devices are segmented into Polysomnography Devices (PSG), Respiratory Polygraph, Sleep Apnea Screening Devices, Oximeter, and Actigraphy Monitoring Device.  Pornographically Devices (PSG), attributed to the fact that it is a multi-parameter study that records patient’s brain waves, heart rate and breathing, the oxygen level in the blood, and even eye and leg movements during the diagnosis procedure.


Moreover, diagnostic devices, clinical PSG devices, pulse oximeters, and heart–rate systems make up most of the devices used in sleep hospitals and laboratories worldwide. The number of sleep tests performed and sleep laboratories with a clinical polysomnography device are increasing. These tests are promptly regarded as the regular diagnostic test for sleep apnea.


North America is Driving the Demand of Sleep Apnea Devices Industry

Among different regions, the increasing prevalence of respiratory illnesses in North America is causing sleeping disorders, boosting the demand for Sleep apnea devices. The United States operates the majority of the sleep apnea devices market in North America. According to the American Sleep Association, in 2018, 50-70 million adult populations in the United States were found to have a sleep disorder.


Furthermore, a huge patient pool, raising awareness of sleep apnea, and the presence of foreign manufacturers are boosting the demand for Sleep apnea devices in Europe. The abundance of diagnostic tests for proving the presence of sleep apnea in the region is fast increasing, as numerous people are concerned about the health concerns associated with this illness.


COVID-19 Pandemic Impact on Sleep Apnea Devices Market:

The COVID-19 pandemic affects the management of sleep apnea patients. Physical isolation, social distancing, and suspension of many clinical services complicate the already prevalent underdiagnosis of sleep disorders and potentially delay treatment for those diagnosed. Sleep Apnea Devices companies faced specific operational and logistic challenges due to the imposition of nationwide lockdowns.

Competitive Landscape:

The sleep apnea devices market is highly competitive, with several major players such as Summoned, Resmed, Koninklijke Philips N.V., Carefusion Corp. (Part of Becton, Dickinson and Company), Imthera Medical, Inc. (Part of Livanova Plc) across the world.

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Market Summary

  • Type – Renub Research Report covered by Type in the Sleep Apnea Devices Market breakup by 2 viewpoints (Therapeutic Devices, Diagnostic Devices)
  • Therapeutic Devices – Sleep Apnea Devices Market have been further sub-segmented from 4 viewpoints: (CPAP Sleep Apnea, Auto CPAP Sleep Apnea, BiPAP Sleep Apnea, Others)
  • Diagnostic Devices – Sleep Apnea Devices Market have been further sub-segmented from 5 viewpoints: (Polysomnography Devices (PSG), Respiratory Polygraph, Sleep Apnea Screening Devices, Oximeter, and Actigraphy Monitoring Device)
  • End-User – Our Report covered by End User Sleep Apnea Devices Market breakup by 2 viewpoints (Sleep Laboratories & Hospitals & Home Care Setting/Individuals)
  • Region – This Report covered by Region Sleep Apnea Devices Market breakup by 4 viewpoints (North America, Europe, Asia Pacific, ROW)
  • All the major players have been covered from 3 Viewpoints (Overview, Recent Developments and Revenue) Summoned, Resmed, Koninklijke Philips N.V., Carefusion Corp. (Part of Becton, Dickinson and Company), Imthera Medical, Inc. (Part of Livanova Plc)

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Lipid Market to Grow at 7.6% CAGR from 2021-2026, Due to the Rising Awareness to Improve Immunity by Maintaining Fitness through Fortified Foods

According to the latest report by Renub Research, titled “Lipid Market Size, Share, Global Forecast 2021-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” the Global Lipid Market is projected to reach US$ 21.53 Billion by 2027. Globally, lipids are molecules known as building blocks of the structure and function of living cells. Some examples of lipids include fats, oils, waxes, specific vitamins (such as A, D, E and K), hormones and most significant of the cell membrane that is not made up of protein. Besides, lipids are not soluble in water as they are non-polar but are thus soluble in non-polar solvents such as chloroform. Lipids are mainly composed of hydrocarbons in their most reduced form, making them an excellent energy storage record. When metabolized, the hydrocarbons oxidize to release large amounts of energy.

Global Lipid Market to Grow at 7.6% CAGR from 2021-2026

Global Lipid Industry will grow at a CAGR of 7.62% during 2020-2027

Lipids are organic molecules, broadly termed derivatives of fatty acids and similar compounds produced from plants and animals. Increasing demand for lipids as nutritional supplements, the rising health awareness among consumers, and changing food patterns due to busy lifestyles are expected to drive industry growth during 2020-2027. Additionally, lipids play an essential role in preventing chronic diseases, such as arthritis, asthma, cancer, cystic fibrosis, and diabetes, which, in turn, is expected to boost the market further.


Impact of COVID-19 on Worldwide Lipid Market Size

During the COVID-19 pandemic and lockdown situation, citizens have become more health-conscious and focused on improving the immunity system to maintain fitness. Hence, the demand for lipid-based supplements has seen significant growth due to their beneficial health properties, preventing consumers from getting infected by a coronavirus. Thus, consumers have increased their spending on healthy and nutritious food. Therefore, the market is expected to witness positive growth during the covid-19 pandemic situation.


Phospholipids: An Essential Contribution to Lipids Market

By Product, phospholipids consist of two fatty acids, a phosphate group and a glycerol molecule. Across the world, phospholipid has several applications in nutritional, pharmaceutical, and food categories. Remarkably, the demand for phospholipids is increasing due to their versatile application in different sectors. The market is particularly true in the case of phospholipids derived from natural sources. The availability of raw materials had enabled manufacturers to utilize the resource and expand their product portfolio.


Further, the numerous health benefits related to phospholipids is actively being used in several studies related to the pharmaceutical industry. The companies are also releasing innovative natural health products, and some are superseding natural chemicals for synthetic ones in product formulations. Consumers are more amenable to seeking complementary and alternative medications, which drives the demand for natural products. Customers actively prefer natural and non-synthetic products to counteract ailments. Naturally sourced constituents are selected as customers feel safe. Associated health benefits and the inclination of customers to approach natural ingredients are the key reasons that drive demand for such products in the market.


Omega-3: Segment Continue to Witness Significant Growth

Recently, the rising inclusion of omega-3 ingredients in the diet to support heart and brain health has been trending in the market. Moreover, rising occurrences of Cardiovascular Diseases (CVDs) and changing dietary habits worldwide and the rising importance of immunity development post-COVID-19 pandemic has further strengthened the driving force for the Omega-3 market.


As per the American Medical Association, heart disease was the leading cause of death in the U.S. in 2020, accounting for 690,882 deaths. Hence, the U.S. FDA has approved omega-3 supplements to treat adults for diseases such as severe hypertriglyceridemia. Remarkably, an increasing number of omega 3-based pharmaceutical product launches by market players, due to the rising product application scope in medicines, is expected to witness market growth.


By Application, Food Segment Continues to Lead the Market

The global lipid industry is segmented into Food & Beverages, Nutrition & Supplement, Feed and others. In addition, the expanding figures of functional benefits joined with health benefits counted as a prominent driver for the acceptance of lipids as additives in the food industry. Lipids have a significant role to play in most edibles. Moreover, lipids improve aspects of food, including flavour, emulsification, texture, density, and hydrogenation. They act as good flavour carriers delivering taste and also enhancing the smell of products.


Besides, the role of lipids in emulsification is to help the diffusion of fat evenly into water. The use of shortenings is formed with mono-glycerides, so fats and milk are emulsified in cake batters to create a fine texture for cakes and other products. Furthermore, there has been an increasing emergence of lipids in the last decade that has shown tremendous potential for nutritional applications. Thus, nutritional applications are expected to boost the global market for lipids in the years to come.


Asia-Pacific is the Fastest Growing Region

In our report, we have analyzed the regional markets of North America, South America, Europe, Asia Pacific, Middle East & Africa. Wherein, Asia-Pacific is the Fastest Growing Region as per our estimates. Lipids, such as coconut oil, cocoa butter (in chocolates), palm oil, and mango kernel oils, are gaining popularity in Asia-Pacific owing to their versatile application in the food & beverage industry. Also, the physical environment, food habits, local availability of fats and oils, and education level are other determinants that affect the overall consumption of fats in the region.


For occurrence: in Bangladesh, the consumption of fats in urban regions is higher than in rural regions, owing to the enormous increase in urbanization and lifestyle transitions in the past few years, owing the part is has deemed for rapid growth. The Southeast Asian countries, especially Malaysia and Indonesia, are more significant producers and consumers of palm oil, owing to its immense availability and comparatively low costs.

Competitive Aspect:

The global lipid market is exceptionally competitive, as different players worldwide are coming up with nutritional ingredients to expand their reach in Food & Beverages, Nutrition & Supplement and Feed industries. Our report’s most influential companies in the global lipid market are NOF Corporation, Stepan Company, Archer Daniels Midland, Cargill, Kerry Group. The key players in the worldwide market are targeting the native markets in various regions, where awareness regarding health concerns is rising.


Furthermore, mergers and acquisitions in the global lipid market are the most preferred strategies, followed by new product launches. In addition, the major manufacturers in the worldwide market are accounting consistent top and bottom-line expansion. The companies are progressing the proportion of protecting innovations to attract a significant share of the consumers and meet their growing specific demands.

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Market Summary:

  • By Product – We have covered Global Lipid Market through four aspects Phospholiplds, Glycollpds, Cholesteroal and Others.
  • By Type – In the report Global Lipid Market we have studied Omega-3, Omega-6, MCT, and others.
  • By Application – We have covered Global Lipid Market Application in Food & Beverages, Nutrition & Supplement, Feed and Others.
  • By Region – The regional market covered in the report is of North America, South America, Europe, Asia Pacific, Middle East & Africa.
  • Company – In our report market’s main players studied include NOF Corporation, Stepan Company, Archer Daniels Midland, Cargill, Kerry Group.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Genetic Testing Market to Grow at 9.6% CAGR during 2021-2027, Impelled by Increasing Burden of Cancers Worldwide

According to the latest report by Renub Research, titled “Genetic Testing Market Global Forecast 2021-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” the Global Genetic Testing Market is expected to reach US$ 25.05 Billion by 2027. Genetic testing plays an essential role in diagnosing the carrier detection disease, presymptomatic, and prenatal diagnosis. As per the (WHO) World Health Organization, 10,000 diseases worldwide are monogenetic, created by modification or variation in a single gene present in every single cell of a body; those diseases can only be diagnosed and prevented by genetic testing.

Global Genetic Testing Market to Grow at 9.6% CAGR during 2021-2027

Moreover, genetic testing is a form of medical testing performed to identify any changes in the DNA sequence or chromosome structure. Genetic testing practices are rapidly progressing in rare disease diagnostics and personalized medicine. There are different kinds of tests practiced in examining genetic disorders like Predictive Testing, Carrier Testing, Prenatal and Newborn Testing, Diagnostic Testing, Pharmacogenomics Testing, Nutrigenomic Testing, and others. These tests are used to diagnose medical conditions such as genetic disease, cancer diagnosis, diagnosis, and cardiovascular disease diagnosis.


Globally New Cancer Cases were more than 19 Million and Deaths from Cancer were also more than 9 Million

The increasing burden of cancers worldwide and the growing awareness among the global population on predictive testing and personalized medicine are the major factors that demand genetic testing in cancer. Thus, the aid of the genetic test provides information on whether cancer runs in the family and the risk factors connected with the development of cancers in future among the individuals with a family history of diseases. Also, genetic testing is conducted in patients who do not respond to chemotherapy to identify the presence of acquired mutations in tumors that are resistant to therapy. By Globocan 2020, the rate of new cancer cases was 19,292,789, with nearly 9,958,133 deaths due to cancers.


Genetic testing includes cytogenetic, biochemical, and molecular testing based on technology. Molecular testing is the most standard technology for genetic testing. For instance, molecular technology is used in genetic tests such as diagnostic, carrier, predictive, & presymptomatic testing, etc. Furthermore, molecular testing is also favored as it can be applied to analyze gains or losses in DNA that are not detectable with regular chromosome analysis.


United States New Cancer Cases were more than 2 Million and Deaths from Cancer were also more than 0.6 Million

Geographically, North America runs the market for genetic testing by advancements in technology in the genetic testing space. The growth in the ageing population, a subsequent rise in the cases of chronic diseases, and rising cancer cases are a few factors aiding the demand for genetic testing in the region. For instance, in 2020, by Globocan, in the US, among all cancers, breast cancer had the highest incidence, followed by lung prostate and colon. The new cancer cases diagnosed were 2,281,658 in the United States, with 612,390 deaths.


On the one hand, there is a massive demand for genetic testing in Asia-Pacific due to increased affordability, the surge in healthcare expenditure, and the rise in awareness toward early screening of genetic disorders. In the future, the Asia-Pacific Genetic Testing Market Size will be more than double.


Covid-19 Impact on Genetic Testing Market

COVID-19 pandemic has also affected the genetic testing market adversely. After the WHO declared COVID-19, worldwide adopted lockdowns to observe social distancing to contain the spread. The pandemic hurts the genetic testing market. This is attributed to the point that genetic counselors cannot see patients in person, laboratories cannot run the tests, and doctors are not available for counselling. In addition, governmental bodies such as the Centers for Medicaid Services (CMS) presently do not recognize genetic counselors as healthcare providers. Hence, they are not exempted from training during lockdowns.

The global genetic testing industry is highly ambitious, and the prominent players in the market have adopted several strategies to garner maximum genetic testing market share. These include product launch, collaboration, partnership, and acquisition. Key players operating in the genetic testing market include Abbott Laboratories, Danaher Corporation (Cepheid Inc.), Illumina Inc., BioRad Laboratories Inc. and F Hoffmann-La Roche AG.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=genetic-testing-market-p.php

  • Type – We have covered by type in the Genetic testing market breakup by 7 viewpoints (Predictive Testing, Carrier Testing, Prenatal and New-born Testing, Diagnostic Testing, Pharmacogenomics Testing, Nutrigenomic Testing and Others)
  • Technology – Renub Research Report covers by technology in the Genetic testing market breakup by 3 viewpoints (Cytogenetic Testing, Biochemical Testing and Molecular Testing)
  • Application – This Report covered by application in the Genetic testing market breakup by 3 viewpoints (Cancer, Genetic Diseases, Cardiovascular Diseases and Others)
  • Region – Our Report covered by region in Genetic testing market breakup by 4 viewpoints (Europe, America, Middle East & Africa and Asia-Pacific)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue) Abbott Laboratories, Danaher Corporation (Cepheid Inc.), Illumina Inc., BioRad Laboratories Inc. and F Hoffmann-La Roche AG

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

United States Plant Based Food Market to grow with a CAGR of 9.69% from 2021-2027

According to the latest report by Renub Research, titled “United States Plant Based Food Market Forecast By Segments, Food Services, Merger and Acquisitions, Company Analysis” the United States Plant Based Food Market Size will reach to US$ 10.7 Billion in 2027. With an increased focus on reaching net-zero emissions, the shift to climate-friendly, sustainable protein production presents significant sales and investment opportunities. In addition to the clear opportunity presented by growing consumer excitement around plant-based options in the U.S, this motivation made 2020 a record-breaking year for plant-based sales and investments.

United States Plant-based Food Industry was US$ 5.6 Billion in 2020

In the United States, plant-based food has become popular to reduce the diet’s environmental footprint and promote human health and animal welfare. Plant-based foods are derived from plants (including grains, vegetables, nuts, seeds, legumes, and fruits) with no animal-source foods or artificial ingredients. Plant-based food supports Americans health and is appropriate throughout all life stages, including lactation, pregnancy, childhood, and adulthood, as well as for athletes.

Furthermore, increasing incidences of intolerance for animal protein, growing urbanization with new consumer aspirations, increasing vegan population, and significant venture investments in plant-based product manufacturers are key factors driving the plant-based products market’s growth in the United States. According to Veg News, in 2020, nearly one-fourth of American consumers (23 percent) have consumed plant-based food products.


Impact of COVID-19 on United States Plant Based Food Industry

The pandemic has changed the way United States consumers interact with food. The United States people are incorporating more plant-based foods into their diets as it is becoming increasingly critical to have a robust immune system. This has happened in the surge of interest and subsequent consumption of plant-based meals. Plant-based foods (including plant-based meats) have been showing strong growth during the COVID-19 pandemic, likely to elevate the market space for plant protein in the United States food manufacturing industry.


Competitive Analysis: Beyond Meat shares Rises 26% in the year 2021

The United States plant-based food market is highly competitive owing to many players such as Beyond meat Inc, Archer Daniels Midland, US Foods Holding Corp, Kellogg, Hormel Foods Corporation. To expand their market shares, companies are concentrating on new and innovative products. For instance, in 2021, Beyond Meat shares soar 26% as the company teams up with PepsiCo to make plant-based snacks and drinks.


Plant Based Foods getting Integrated in Menus of United States Food service Industry

In recent years, plant-based food has gained traction in United States full-service restaurants, limited-service restaurants, hotels and motels menus, and retail stores. Plant-based Butter, Cheese and Tofu and Tempeh are popping up in many full-service restaurants that offer varieties of plant-based products depending upon their customer’s preferences and needs.


Besides, retail formats offer a wide range of products like plant-based Dairy Spreads, Dips, Sour Cream, Sauces, Ready-to-Drink, Beverages, Condiments, Dressings, and Mayo etc. at a competitive price to customers. They are usually located in regularly accessible areas. Burger and patties are more popular in the shelf space of retail outlets. Ice cream and Frozen Novelty are booming in popular as health-conscious consumers embrace new ice cream alternatives. Most United States retail carry the brand of vegan ice cream in numerous varieties, including pint-sized containers, ice cream sandwiches, drumsticks, fudge bars, and more.

Plant-based Beverages gaining Rapid Traction in United States

Across the United States, plant-based food trend continues to grow due to its varieties like Plant-based milk, Plant-based meat, meals, Plant-based ice cream and frozen novelty, Plant-based creamer, Plant-based yoghurt, butter, cheese, Tofu and tempeh, plant-based ready-to-drink beverages, Plant-based dairy spreads, dips, sour cream, and sauces etc. Plant-based milk products such as almond, soy, coconut, cashew, oat, rice are gaining rapid traction among food service providers in the United States. It is majorly used in all kinds of dishes, such as curries, soups, smoothies, and others. Americans prefer plant milk over other dairy or animal milk because of its high nutrition value, Omega-3 fatty acids and vitamins.

Plant-based meat encourages American people to eat more. The nutritional benefits of plant-based meats and their safety compared with conventional meat are also important factors contributing to gaining consumers’ attention. Consumption of plant-based meat does not give rise to obesity, type-2 diabetes and heart disease.

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Report Summary

  • Segments – We have covered by segment in the United States Plant-Based Food Market breakup by 13 viewpoints (Plant-based Milk, Plant-based Meat, Plant-based Meals, Plant-based Ice Cream and Frozen Novelty, Plant-based Creamer, Plant-based Yogurt, Plant-based Butter, Plant-based Cheese, Tofu and Tempeh, Plant-based Ready-to-Drink Beverages, Plant-based Condiments, Dressings, and Mayo, Plant-based Dairy Spreads, Dips, Sour Cream, and Sauces and Plant-based Eggs)
  • Food Services – Renub Research Report covered by Food Services the United States Plant Based Food Market breakup by 8 viewpoints (Full-service Restaurants, Limited-Service Restaurants, Drinking Places, Hotels and Motels, Retail Stores and Vending, Recreational Places, Schools and Colleges and Others)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Beyond Meat Inc, Archer Daniels Midland, US Foods Holding Corp, Kellogg and Hormel Foods Corporation.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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United States Toy Industry is expected to grow marginally with a CAGR of 0.25% from 2020 to 2026

According to the latest report by Renub Research, tittled “United States Toys Market by Segments, Sales Channel, Company Analysis, Forecast” the United States Toys Market was US$ 33.70 Billion in 2020. In the United States, toys are the tools of play that hold an essential part in social life. It plays a crucial role in developing & engaging children’s minds by improving the thought process and decision-making ability. Kids play with toys to determine their identity and play; their bodies grow strong, learn to explore relationships, cause and effect and practice skills they need as adults. In 2019, there were over 73 million children in the United States.

United States Toys Market to reach 34.20 Billion by 2026

In 2020, the United States toy industry’s resiliency was very much underpinned; in the covid pandemic time, families looked to toys to help keep their children engaged, active and delighted. Besides, a toy is an object used for entertainment from prehistoric times. The demand for toys has increased in the United States due to concern over the safety of the raw materials utilized in construction toys. Parents and educators gradually choose green toys made of eco-friendly raw materials like wood, clay, plastic, etc.

Movies and Cartoons Drives the Sales of Action Figures and Accessories

The toy market has been evolving for an era and is experiencing exponential growth in the United States, owing to high-income group consumers in the country. Middle-range toys accounted for the highest sales in the country. Outdoor, sports toys and dolls contribute the major share to the market. Consumer inclination towards movies and cartoons drives the sales of action figures and accessories, making it the fastest-growing segment in the United States.


In the United States, toys range from cards, games, puzzles, dolls & stuffed toys, construction sets &models, plastic & other toys, video games consoles and toys for toddlers & kids. These toys come with a natural value that adds to the overall advancement of children. A range of environment-friendly products, including recycled plastic bath games, plastic-free games for kids, wooden baby toys, and organic cotton stuffed animals, is increasingly becoming popular, promoting sustainability in the United States.


Besides, improved visual memory and enhanced cognitive skills by participating in 3D puzzles boost the adoption rate of educational puzzles amongst children in the United States. The ability to develop real-life soft skills such as problem-solving skills, team spirit, and critical thinking in millennials further promotes United States people to adopt games and puzzles.


Impact of COVID-19 on United States Toys Market

Children are more likely to get affected by the coronavirus due to the greater outdoor exposure of their parents during the physical shopping of such items compared to staying indoors. Therefore, the United States toy market witnessed a robust growth among the high-income and middle-income consumers, leading to numerous stay-at-home product ranges by the leading players. Throughout the pandemic, the sales of toys and games were primarily driven by the online retail of products.


Online Sales Giving a Boost to the United States Toy Industry

Based on the sales channel, department stores are ideal for selling toys in the United States, as shopping at the weekends is preferred for many families. Department stores gives a huge variety of toys, from classic playthings like arts-and-crafts kits, books and educational toys, puzzles and soft toys, and school gear. Further, hypermarkets in the United States are becoming more and more prevalent. A hypermarket is an effective form of the traditional toys store, a self-service shop offering many toys.

In addition, the online sales channels represent one of the fastest-growing distribution channels for toys in the United States with the evolution of smartphones and other digital media. As quality and features of products are discussed among shoppers and prices compared on various platforms, E-Commerce sales channels have appeared to be one of the fastest-growing distribution channels for toys in the United States.

Competitive Landscape

The key players such as Mattel Inc, Lego, Hasbro Inc, Funko In, and Spin Master Corp. are focusing on introducing new toy products in the United States market to cater to the interests of the consumers. These players are embarking on consolidations and acquisitions as key strategies to achieve consolidation and optimize their offerings.

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Report Summary

  • Segments – We have covered by segments in the United States toy market breakup by 7 Sub-segments (Dolls & Stuffed Toys, Construction Sets & Models, Cards Games, Puzzles, Toys for Toddlers & Kids, Plastic & Others Toys, and Video Games-Consoles)
  • Sales Channel – Our Report covered by sales channel in the  United States toys market breakup by 6 viewpoints (Department Stores, E-Commerce, Mass Merchandisers, Toy & Hobby Store, Hypermarket, Others)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, Revenue Analysis) Mattel Inc., Lego, Hasbro, Inc, Funko, Inc., Spin Master Corp.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Tilapia Industry globally is expected to grow with a CAGR of 2.20% from 2020 to 2027

As per Renub Research latest report, “Global Tilapia Market Forecast by Production, Import, Export Countries, Company Analysis” the Global Tilapia Market to reach US$ 7.9 Billion in 2020. The fast-growing and prolific tilapia fish is among the essential aquaculture commodities in the world. It grows fast, quickly breeds in captivity, and is tolerant of various environments and cultural systems. Farming and propagating fish requires little input, and the technology can be simple and easily adaptable by small-scale fish farmers. Investors also find tilapia farming profitable because of its reasonably good feeding efficiency in lakes and low investment cost.

Tilapia fish has become the shining star of aquaculture, with farms starting and expanding over the globe while consumption races ahead of even the numerous ambitious farm building plans. All types of Cichlid fish species are commonly known as the tilapia, which is second only to carps as the world’s most widely farmed freshwater fish. These fishes are primarily found in shallow streams, ponds, rivers, and lakes but can also be observed in brackish water.

Further, tilapia fish is a rich source of protein, selenium, vitamin B-12, phosphorus, potassium, niacin and is low in fat and saturated fat, calories, omega-3 fatty acids, carbohydrates, and sodium. The increasing popularity of tilapia fishes leads to introducing new and innovative products of various tilapia fishes and frozen types of tilapia products, including whole tilapia and tilapia fillets.


Moreover, the rapid expansion of aquaculture has catalyzed the growth of the tilapia industry globally. Since it is omnivorous, hard and has good resistance to diseases, they are affordable and accessible even for small farmers to grow. The increasing use of Tilapia pharmaceutical and the fashion industry is expected to increase market demand for Tilapia.


China is the World’s Biggest Producer and Exporter of Tilapia Fish

Based on producing country, China is the world’s biggest producer and exporter of tilapia fish globally. Tilapia fish is a vital food commodity in China; its production was mainly taken out in the southern and southeastern coastal places where subtropical conditions favored the species’ growth and reproduction, with Nile tilapia fish being the most popular important. The tilapia fish farming industry in China is growing rapidly. China is by far the highest tilapia producing country and is producing one half of the global supply. China primary tilapia fish exporting country is the United States, Mexico, Russia, and the European Union. The United States and Mexico have been the traditional markets; however, the Russian market share began to expand. The European Union market grew steadily year on year.


Besides, Indonesia is also the significant producer of tilapia ?sh globally. The tilapia fish production sector plays a vital role in Indonesia’s economy through income generation, livelihoods diversi?cation, supply of animal proteins, and foreign exchange earnings. In addition, tilapia fish is one of the worldwide most demanded fish in the United States market regarding its price and nutritional quality. United States tilapia fish imports create sales, jobs, income, value-added, and tax impacts on the economy. The majority of tilapia fish imported into the United States comes from China and Taiwan, followed by Indonesia, Ecuador.

Impact of COVID – 19 on Tilapia Fish Industry

Coronavirus has spread worldwide, and most countries are adopting lockdown measures to control the spread of the virus and secure public health. All business and production activities are fully shut down except the necessary ones such as the food and medical sector or others, leading toward the economic crisis in the country. Fishing efforts have been reduced, and tilapia stock is finishing with inactive trade and transportation, disrupting the whole supply chain is majorly affecting the tilapia market.


Competitive Landscape

The global tilapia fish market is highly competitive owing to many players such as Seatrade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, and Sea Delights. This essential company operating in the tilapia fish market concentrates on backward integration to expand their goods collection and better check the final product’s quality. Backward integration within the value chain leads to higher profit margins for the manufacturers. As they can produce high-quality aquafeed additives, lowered distribution costs, and improved control over goods price.

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Market Summary

  • Production Countries – We have covered top 10 producing country in the Global Tilapia Fish Market (China, Indonesia, Brazil, Philippines, Vietnam, Thailand, Colombia, Mexico, Costa Rica, and Israel)
  • Import Countries – Report covers top 10 importing country in the Global Tilapia Fish Market (United States, Israel, Germany, Spain, United Kingdom, Japan, Guatemala, Switzerland, Hong Kong, South Korea)
  • Export Countries – Our Report covers top 10 exporting country in the Global Tilapia Fish Market (China, Indonesia, Honduras, Mexico, Taiwan, United States, Netherlands, Peru, Germany, Malaysia)
  • All the key players have been covered from 2 Viewpoints (Overview, Recent Development) Seatrade, Atlantic Capes Fisheries, Inc, Atalanta Corporation, Ideal Foods Ltd, and Sea Delights

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Global Augmented Reality Market to Grow at 37.6% CAGR during 2021 – 2026

Renub Research latest report titled “Augmented Reality Market Global Forecast by Segments, Region, End-User, Headset Volume, Company Analysis” the Global Augmented Reality Market is projected to reach US$ 85.47 Billion by 2026. Augmented Reality (AR) is a unique technology that involves the overlay of computer graphics in the real world. It only enhances objects in the modern world by superimposing virtual images into them. Augmented reality offers interactive experiences into multiple sensory, auditory modalities, including haptic, visual, somatosensory, and more. AR is a system that incorporates three essential features: a combination of real and virtual worlds, real-time interaction, and accurate 3D registration of virtual and real objects.

Factors Driving Worldwide Augmented Reality Market

Further, the global AR market is influenced by several factors, such as the proliferation of smartphones, increased popularity of gaming, cost-efficient benefits of augmented and virtual reality-based solutions, and a surge in the adoption of AR technologies by enterprises. These factors are to drive the growth of augmented reality.

Worldwide Augmented Reality Industry was US$ 12.56 Billion in 2020

Worldwide, augmented reality’s businesses continue to expand and become more pervasive among various segments like E-Commerce, Hardware, Ad spending, Apps etc. Augmented reality in the e-commerce market web design gives consumers an immersive experience, allowing real-time communication with products while remaining in their environment. Augmented reality bridge-whist the gap felt by customers between physical stores and online shopping experiences.


Moreover, the various advancements in the gaming industry, AR technologies earning much market due to it’s unlike virtual reality, augmented reality utilizes existing environment and enhances it with an overlay of distinct features. Over the last few years, the expansion of the core augmented digital reality market can be attributed to several beneficial factors, such as the proliferation of mobile apps, the increased use of smartphones, and the increasing use of digital reality in advertising.


North America is driving the Demand of Augmented Reality Market

In North America, increasing investment in immersive technologies is boosting the AR demand in the region. Similarly, the US government is keen on promoting the adoption of immersive technology, strengthening the region’s hold on the augmented reality industry. For instance, in 2019 US Defense Advanced Research Projects Agency showed interest in IMT Atlantique and contacted the company for developing similar smart contactless lenses for the US military.


Moreover, AR technology is benefiting both the enterprise and consumer industry in Asia- Pacific. The increasing usage of AR devices to improve product assortment, advertisement, catalogue management, Research and information visibility led to the selection of AR headsets among enterprises. However, the growing adoption of AR apps and smartphone users is adopted of the AR headsets product. Moreover, better field of view, technological advancements and usage of high-performance sensors at a discounted price coupled with the expanding adoption of smart glasses adopted by consumer application.


Based on headset type, the AR headsets market is segmented into standalone HMD, tethered HMD and Screen-less Viewer. The tethered HMD were the foremost or introductory tools in the industry. The AR product demand is primarily attributed to the enterprises which practice high-performance AR applications and immersive objects. In Addition, the standalone HMD comprise optical see-through, near-eye display, and LCoS technology cameras. Thus, these products provide an immersive experience without the help of any system or smartphone. Growing usage of low-price imaging sensors, microphones, and other sensors

Covid-19 has Positively Impacted Augmented Reality Demand

The COVID-19 pandemic has critically impacted global industries. It has resulted in restricted travelling, social distancing, fewer on-site staff, lack of training tools, and much more. However, AR technology offers massive support during the crisis and fuel the market potential. Increasing adoption of augmented reality technologies as more businesses have turned to remote working.


Competitive Landscape

The companies in the global AR market are receiving huge funds and investments across the globe. Companies such as Kopin Corporation, Seiko Epson Corporation, Vuzix, Sony Corporation, Lenovo Group Limited, and Samsung Electronics Co. Ltd. are collaborating with various industries to expand their markets. For instance, in 2021, Kopin ® Corporation announced a multi-year agreement with a leading Japanese electronics Company that develops superbright 2K x 2K full-color Light Emitting Diode (LED) micro displays on silicon.

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Report Summary

  • Segments – We have covered by segment in the Augmented Reality Market breakup by 6 viewpoints (E-Commerce, Hardware, Ad spend, Apps, Games, Enterprise), Region (North America, Europe, APAC, Rest of World)
  • Region – Our Report covered by Region in the Augmented Reality Market breakup by 4 viewpoints (North America, Europe, Asia-Pacific, ROW)
  • End User – Renub Research Report covered by End User the Augmented Reality Market breakup by 2 viewpoints (Enterprise, Consumer)
  • Headset by Types – This report covered by Headset type the Augmented Reality volume breakup by 3 viewpoints (Screen-less Viewer, Standalone HMD, and Tethered HMD)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Kopin Corporation, Seiko Epson Corporation, Vuzix, Sony Corporation, Lenovo Group Limited, and Samsung Electronics Co. Ltd

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

Global Potato Chips Industry is likely to grow with a CAGR of 3.92% from 2020-2028

Renub Research latest report, titled “Potato Chips Market Global Forecast 2021-2028, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Company Analysis” finds that Potato Chips Market is to reach US$ 32.2 Billion by 2020. Potato Chips represent the world as one of the popular snack foods; at the same time, it is the most convenient food option currently available for people to keep pace with their busy lifestyles. Potato Chips shorten the meal preparation time and can be served in a quick snack or part of the meal. Potato chips, which have conventionally been an affordable snack, are popular among all ages, especially the young population. They are usually accepted as a side dish, appetizer, or snack.

Besides there is rising health consciousness among the global population to consume potato chips with reduced fat and calorie content, lower cholesterol, fortified with healthy ingredients, etc. Gluten-free potato chips, non-GMO verified and made with sea salt, natural colours, and flavors are gaining more popularity than traditional chips. As per our research findings, Global Potato Chips Industry is likely to grow with a CAGR of 3.92% from 2020-2028.


Impact of COVID-19 on Potato Chips Industry

The outbreak of COVID-19 resulted in unusual stress on the supply chain of potatoes, ending in an adverse impact on the overall growth of the potato chip industry. Despite the interruptions in the supply chain of potatoes, the forced lockdown over the world and extended work from home scenario actively encouraged at-home food consumption and extension in snack products, which increased the demand for potato chips. The COVID-19 pandemic has happened in the generation of opportunities for many private players to appear in the markets to cater to the increased demand for potato chips.


Consumers’ Preference towards Traditional Flavors is Fueling the Demand

Based on product, potato chips are segmented into plain or flavored. The inclination of consumers to prefer traditional flavors is to fuel the demand for plain potato chips. Crunchy, salty flavored potato chips are at the top of the most prominent people’s list of popular snack foods. Flavors like garlic and cheeses contain acids, the second component that helps make potato chips taste amazing. Acids like buttermilk solids, lactic acid, and citric acid all make the chips taste better.


Worldwide Potato Chips Market Size was US$ 32.2 Billion in 2020

Notwithstanding, the ease of shopping offered by Supermarket/Hypermarket provides a wide selection of plain and flavors of potato chips and crisps, quick accessibility, and easy cost comparison across various types of chips. A convenience store is a retail division channel that stocks many potato chips verities such as snack foods.


According to the Census data and Simmons National Consumer Survey (NHCS), 284.37 Million Americans consumed potato chips in 2020

Geographically, in 2020, potato chips market in the Asian-Pacific market was the fastest growing market for potato chips among all regions. The North-American area was the significant market for potato chips. North America’s homegrown potato chips snack; due to changing lifestyles, Americans opt for easy food options and look for authentic and natural snack options with health and wellness attributes, which influences per capita expenditure in savory snacks products, including potato chips.


In India Potato Chips are still an impulse purchases for a Section of Population

Furthermore, people in the U.S are recognized to combine conventional salt chips with a variety of gastronomes. Acceptance of quick meals such as sandwiches and burgers is one of the essential portions that demand. Chips are widely eaten as a favorite combination with burgers and sandwiches. In the Asia Pacific, potato chips are an impulse in which an element of indulgence is required. Technological improvements, Change in lifestyles, expanded investment in developed countries of the region, and a taste preference add to the rise of the potato chips industry in Asia- Pacific.

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Competitor Analysis

The potato chips market is highly consolidated, with major players such as General Mills, Kellogg’s Company, The Kraft Heinz Company, and PepsiCo Inc. These companies are integrated from potato chip production to packaging and distribution. To meet varying tastes and preferences, global potato chips companies are reacting to customer desire for more potent and flavored choices, giving a wide variety of options such as sour cream, cheddar, barbeque, sweet & spicy ketchup, and cheese.

  • Product Type – We have covered by product type in the potato chips market breakup by 2 viewpoints (Plain Chips & Flavored Chips)
  • Distribution Channel – Renub Research Report covered by Distribution Channel in the potato chips market breakup by 3 viewpoints (Super Market/Hyper Market, Convenience Stores, Others)
  • Region – Our Report covers by region in potato chips market breakup by 4 viewpoints (North America, Europe, Asia-Pacific’s, Rest of World)
  • All the companies have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue) General Mills, The Kraft Heinz Company, Kellogg’s Company, and Pepsi Co Inc.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

India Fertilizer Market to grow with a CAGR of 6.4% during 2020-2026

According to Renub Research latest report, “India Fertilizer Market, Impact of COVID-19, Forecast by Consumption, Industry Size, Growth Trends, Company Analysis, Financial Insight” finds that India Fertilizer Market is expected to be US$ 26.33 Billion by 2026. For ages, the fertilizer industry in India has played a pivotal supporting role to the Indian agricultural sector. Further, the farmers’ growth in chemical fertilizers has been the secret of the nation’s green revolution in the late sixties. Henceforth, today, India comes amongst the core producing and consuming countries of fertilizers in the world. Moreover, the Indian fertilizers market is also largely dependent on imports from various countries, especially potash fertilizers.

Role of Government in the Indian Fertilizer Industry:

The fertilizer industry is profoundly regulated and monitored by the Government. The difference amid the cost of production, which is higher than the price at which the fertilizer is sold to the beneficiary, is reimbursed by the Government in subsidies. Whenever funds are deficient, the Government either announces an additional subsidy amount or liquidates the pending sponsorship by arranging loans under a Special Banking Agreement (SBA). For instance, in 2020, Government brought PLI (production-linked incentives) scheme to promote domestic agrochemicals manufacturing and similarly, in 2021, DBT (Direct Benefit Transfer) scheme for fertilizer subsidy.


COVID-19 Impact on Indian Fertilizer Industry:

The rural demand and markets have been buoyed and very promising in India despite the coronavirus pandemic and macroeconomic uncertainty. This has translated into improving the underlying macros for the Indian fertilizer industry. Agricultural operations have been well placed and have grown back by a bumper Rabi harvest and good monsoon during the Kharif season.


With the normal monsoons and the rollout of the COVID vaccination program, the economic activities were normalized during FY21, which led to the acreage being favourable as well. So from that standpoint, the industry saw the consumption and the growth in demand for fertilizers continue in 2021.


Urea-the Major Utilized Fertilizer:

As per our analysis, Urea is the major utilized fertilizer followed by DAP, NP/NPCs, SSP, MOP, with domestic sales continuously growing. Urea fertilizers are capturing significant market share in 2021. In the years to come, we presume the demand for Urea to remain stable. The traditionally high usage and also the fact that the freeing up of retail prices for non-urea fertilizers, following the implementation of nutrient-based subsidy (NBS) for these fertilizers, has led to a significant price differential of urea vis-à-vis non-urea fertilizers.

Key Players in the Indian Fertilizer Market:

The fertilizer industry in India is fragmented, with a combination of cooperatives accumulating and a government-owned colossal market. The private companies are involved in a high degree of product innovation to tap the non-subsidy space. The major vital players in the Indian fertilizer market include Nagarjuna Fertilizers and Chemicals Ltd, Chambal Fertilizers and Chemicals Ltd, Rashtriya Chemicals and Fertilizers Limited, National Fertilizers Ltd, Coromandel International Ltd.

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Market Summary:

By Consumption: We have covered the variants namely Urea, DAP, NP/NPKs, SSP, MOP.

By Production: We have studied the market and volume of Urea, DAP, Complex Fertilizers.

Company: The companies covered in the market include Nagarjuna Fertilizers and Chemicals Ltd, Chambal Fertilizers and Chemicals Ltd, Rashtriya Chemicals and Fertilizers Limited, National Fertilizers ltd, Coromandel International Ltd.

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Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

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Renub Research

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