The global infant formula market was estimated at USD 44.26 billion in 2017 and is expected to grow at a CAGR of 9.35% from 2017 to 2025. The market growth is primarily driven by the increasing working women population in middle-class families across the various geographic regions such as North America, Asia Pacific, Middle East and Africa, Central and South America. The infant nutrition market encompasses a wide range of products ranging from various baby food products to infant formulas. The demand for these products is primarily witnessed in mature markets such as China, U.S., Europe, and Japan.
The global chewing gum market was valued at USD 29.0 billion in 2017 and is projected to reach USD 48.68 billion by 2025. The market is estimated to grow at a CAGR of 6.7% from 2017 to 2025. The market is anticipated to witness a significant growth as a result of consistent product innovations coupled with strong marketing campaigns by manufacturers. The manufacturers are focusing on diversifying their product offerings by introducing new flavors, and fortified products with the addition of functional ingredients, thereby registering significant growth in the market.
The global air cargo market was valued at 109.1 billion freight tonne- kilometers (FTK) in 2017 and is expected to grow with CAGR 4.3% over the forecast period. The market is anticipated to have a sustainable growth from 2017 to 2025. Air cargo is a concept when transportation of any good or commodity is to be carried out in an aircraft. The freight segment of the air cargo component type holds a major share of market accounting to more than 65% in 2017.
The global luggage market was valued at USD 16.01 billion in 2017 and is projected to exhibit a CAGR of 16.5% from 2017 to 2025. The gains in tours & travel industry of countries in South Asia including, India, Sri Lanka, and the Maldives as a result of increased government spending on the development of new destinations is expected to promote the utility of luggage over the next eight years. Furthermore, rising disposable income and domestic & international travel of the middle-class population in countries including China and India is projected to increase the consumption of luggage market at large.
The global meal kit delivery service market was valued at USD 2.52 billion in 2017 and is expected to reach USD 8.94 billion by 2025 at a CAGR of 17.15% from 2017 to 2025. The increasing working population worldwide coupled with the preference for convenience foods primarily drives the market growth. Other factors driving the growth of the market are changes in food service behavior, increasing urban population, the trend of reducing food wastage to name a few.
The global self-improvement market is projected to witness substantial growth in the coming years owing to rising demand for physical and spiritual grooming among individuals. Self-improvement is a process of improving oneself by adopting various changes required to survive life challenges. These changes and improvements can be related to health, relationship, career, and personal goals. Identifying one’s beliefs and values, motivation, improving awareness, and self-actualization can be considered to be the common aspects of self-improvement.
The global slot machine market is projected to witness substantial growth in coming years attributed to growing popularity of casinos and gambling across the globe. Slot machines are casino gambling machines having multiple reels that spin when a button is pushed. They validate and detect currency inserted by the player or gambler. The system pays off according to symbols displayed on the front when the reels stop.
The global vacation rental market is predicted to witness substantial growth in coming years attributed to growth of the tourism sector across the globe. Vacation rentals are alternate lodging options, including chalets, short-term rental apartments, cabins, beach houses, villas, farm stays, private homes, and cottages. Visitors consider factors, such as budget and convenience, while choosing them. Increasing number of travel companies offering customized offers to consumers is anticipated to propel market growth.
The global carbonated soft drink market is expected to exhibit steady growth in the coming years due to changing consumption patterns of consumers and growing young population. Additionally, rapid urbanization, increasing disposable income, and demand for takeaway products are expected to accelerate market growth. Growing accessibility of new products due to expansion of distribution channels is likely to bode well for the market.
The global sports betting market is likely to witness robust growth in the years to come owing to digital revolution in the sports industry. Consumers can have easy access to several online betting platforms due to high internet penetration and rapid development of digital platforms. Digital platforms allow consumers to place bets from any location of the world. Rising consumer disposable income, increasing trust on electronic payment method for betting, and high adoption of internet based devices, such as smartphones, are anticipated to stimulate market growth in the years to come.
The global digitally printed wallpaper market was valued at USD 2.33 billion in the year 2017 and is expected to grow at a CAGR of 24.01% from 2017 to 2025. The growth in the global market is attributed to the growing trend of digitized wallpaper for interior decoration in the residential and non-residential sectors. Rapid urbanization, consumers’ increasing disposable income, and their increasing expenditure on infrastructural construction along with the desire to use advanced and durable home decors will contribute to the growth of this market.
The global furniture market is expected to witness substantial growth in coming years due to rapid infrastructure development. Growth of real estate and hospitality sector, and rising demand for luxury and premium furniture are also likely to drive the market in the years to come. Changing lifestyles due to urbanization and increasing disposable income are boosting the demand for luxury products. In addition, government efforts to provide housing and increasing renovation activities of homes are anticipated to increase the product demand in future.
The global outdoor advertising market is expected to witness steady growth in the coming years owing to associated advantages, such as immediate brand awareness and wider reach. In addition, rapid urbanization and infrastructure development is expected to support market growth. Increasing number of public places, such as bus stops, malls, subways, and high-rise buildings, has widened the scope of out-of-home (OOH) advertising.
The global smartphone accessories market is expected to witness significant growth in coming years owing to increasing purchasing power of individuals, high adoption of smartphones, and their ability to provide effective digital connectivity. Delicate and vulnerable nature of lightweight smartphones has increased the need for protecting them from physical damage. Consumers are extensively preferring several protective accessories, such as screen guards, tampered glasses, and protective cases.
The India footwear market is expected to exhibit remarkable growth in coming years on account of rapid urbanization, growing employment, and improved standard of living. In addition, favorable government policies, infrastructure development, provision of skill education, and technological advancements are also likely to drive the market growth. Consumer’s purchasing behavior mainly depends on aspects, such as convenience, ambiance, and availability of varied products.
The global microfinance market is anticipated to witness steady growth over the forecast period (2017 to 2025). This growth can be attributed to rapid rise in number of small and medium enterprises (SMEs). Government initiatives to improve credit lines of people from lower income groups is projected to further fuel growth. Lower interest rates compared to other finance options are likely to positively influence adoption of these services.
The global online education market is slated to progress at a remarkable CAGR during the forecast period, from 2017 to 2025. Online education programs offer flexibility in learning, easy accessibility, low cost, and increased effectiveness. The market is likely to thrive on limitations of traditional education system. E-learning, compared to conventional learning, is more convenient, saves time, money, and energy, does not require much in terms of infrastructure, and can be gained from the comfort of one’s home or office.
The global board games market is expected to show healthy growth in the coming years. Growing popularity of these games among millennials is estimated to bode well for the market. Cafes and restaurants often offer unique dining experiences with a library of board games, puzzles, and playing cards for customers. Millennials are increasingly inclining towards games that include multiplayers, which is anticipated to boost the sales of the product in the coming years. In addition, rising number of crowdfunding platforms for designers and manufacturers can propel the market.
The global jewelry market is likely to exhibit strong growth in the coming years. Some of the commonly used materials for jewelry are gold, silver, and platinum along with combination of pearl, diamond, and other precious gemstones. Rapid urbanization along with improving lifestyle and rising per capital income are one of the primary growth stimulants for the market. Furthermore, widening base of female workforces is leading to increased purchasing power, which in turn is fueling the demand for these products. Rising demand for costume jewelry is also positively influencing the overall market.
The global online gambling market size was valued at USD 27.56 billion in 2014 and is expected to grow at 9.8% CAGR over the forecast period. Continuous technological advancements such as handheld devices and smart phone penetration are key driving factors in the market. This, in turn, has resulted in rise in consumer inclination toward online gambling over conventional gambling.
The Russia dairy market was estimated at USD 19.97 billion in 2017 and is anticipated to grow further over the forecast period. Increasing production of dairy products due to rising consumer disposable income and awareness about health benefits of these products are some of the major factors driving market growth.Growing number of producers and farms are likely to result in reduced prices of these products, which may boost demand.
The Brazil apparel market was valued at USD 31.44 billion in 2017. It is expected to witness substantial growth over the coming years owing to increasing spending power of consumers coupled with widening base of enthusiastic shoppers in the country. In addition, rising adoption of international fashionable wears among children and women is expected to drive the demand for apparel in the country. With improving economic performance of the country, people are projected to spend more on luxury items.
U.S. coffee franchise market was estimated to account for a market value of USD 11.27 billion in 2017 and is expected to exhibit a significant growth over the forecast period owing to increasing spending power of consumers. The increasing demand for small luxury recreation places generated mostly by the young generation casual meetings and recessions, are splurging the growth of the U.S. coffee franschising sector.
U.S. online jewellery and watches market size was estimated at USD 6.19 billion in 2017. Rising disposable income is one of the key factor supporting market growth. Increasing trend of wearing costume is expected to have positive impact on growth of market. The accessories market is dominated by the purchase of the jewellery, whereas watches are gaining momentum owing to the growing consumer interest in smartwatches.
The U.S. online art and sculpture market size was valued at USD 1.31 billion in 2017 and is expected to witness a significant growth, pertaining to the rise in the use of internet and digital platforms for procurement of such collectables. In the U.S., this market is primarily driven by the presence of large number of people interested in collecting these products and having inclination in such domain.
The global minibar market size was valued at USD 1.15 billion in 2016 and is expected to witness growth on account of rising use of these products by the hospitality and recreational markets at large. Hoteliers are obligated to modify their service offerings with the aim of not losing their guests to convenience stores in the proximity.
The U.S. online eyewear market was valued at USD 338 million in 2017 and is expected to grow to a lucrative rate over the projection period on account of growing demand for spectacles and contact lenses in geriatric population coupled with an increasing prevalence of age related vision problems. Online portals offering services such as virtual trial of frames is likely to drive the market growth for designer sunglasses.
Australia footwear market was valued at USD 3.2 billion in 2017 and is expected to grow over the forecast period. Market is primarily driven by increasing discretionary spending coupled with the rising fashion trends in the country. The revenue for footwear industry is projected to grow on account of mounting demand for sports and fashionable shoes. Additionally, technological advancement such as 3D printing and shoe-knitting technologies together with material innovations in shoes manufacturing is expected to bolster the footwear industry production over the forthcoming years.
Asia Pacific movies and entertainment market size was estimated to account for a market value of USD 26.0 billion in 2017 and is expected to grow further over the forecast peirod. Growth of this market is attributed to the increasing spending power and demand for local movies from the consumers.
The Netherlands footwear market was valued at USD 2.22 billion in the year 2017 and is expected to grow over the forecast period, driven primarily by growth in consumption pattern and strong improvement in labour market.
The Europe fuel card market size was estimated at USD 60.72 billion in 2016 and is expected to witness significant growth owing to the rise in demand of digital transactions, availability of additional benefits and prevention of theft. Moreover, the savings on fuel spending is luring fleet managers towards adopting cards.
The global car seat market is expected to grow over the forecast period buoyed by growing demand in developing countries and sustained demand in western countries, which also have regulations mandating car seats.
The U.S. online residential furniture market size was valued at USD 16.5 billion in 2016 and is expected to grow over the forecast period. Growth in the market is attributed to the stability in real estate industry at large and strengthening of consumer confidence. Home sales in the U.S. have moved northwards, and with the favorable macroeconomic environment, users have started investing in associated home essentials including furniture.
The North America online baby apparel market was valued at USD 2.32 billion in 2016 and is expected to grow over the next few years. Factors such as increasing number of e-shoppers, sparse time, a broader variety of clothes, low shipping costs, and easy return options are expected to play a critical role in driving the online infant apparel market growth over the next few years.
A sink also known as sinker, washbowl, hand basin and wash basin is a plumbing fixture used for washing hands, dishwashing, and other purposes. It supplies hot and cold water and may include a spray feature to be used for faster rinsing. They also comprise a drain to remove used water, this drain may itself include a strainer and shut-off device and an overflow-prevention device.
A large number of pregnant women are estimated to work during the later months of their pregnancies. They look for ease and comfort throughout pregnancy in order to be able to continue active employment. This generates a rise in demand for maternity apparel of different sizes and styles.
A hydration pack is a type of hydration system built as a backpack or waist pack containing a reservoir or bladder frequently made of rubber or flexible plastic. The reservoir contains a capped mouth for filling with liquid and a hose that allows the wearer to drink hands-free. Hydration bladders are a relatively new invention in the outdoor world that became commercially obtainable in the early 90s.
An office chair or desk chair is a type of chair that is designed for use at a desk in an office. These chairs are generally adjustable and comfortable and can swivel 360 degrees.
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Performance apparels keep active people and sportsman comfortable, cool and flexible from moisture conditions with some management and techniques. Performance apparels are extensively used by athletes and they are offered in two sections including protective clothing and sportswear.
Mattresses are large pads used as a bed or part of a bed. It consists of quilted or similar fastened case, usually made up of cloth which contains straw, cotton, foam rubber or a framework of metal springs.