Chemical Industry Data

  B2B Sports Nutrition Industry Overview The global B2B sports nutrition market size was valued at USD 2.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2021 to 2028. The rising demand for nutrition products in the form of protein bars, sports supplements, energy drinks, and other dietary supplements amongst athletes and recreational fitness enthusiasts is one of the key factors driving the market. Additionally, there has been a surge in the number of gyms and fitness centers across the globe, which is attributable to a rising inclination toward a healthy and physically active lifestyle amongst the consumers, thereby positively influencing the market growth. Moreover, gyms, fitness centers, and wellness centers endorse sports nutrition products and other well-being products which would significantly contribute to growth and development.  Rapid urbanization coupled with an increase in disposable income and healthcare expenditur...

  Gluten-free Baking Mixes Industry Overview The global gluten-free baking mixes market size was valued at USD 391.1 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. The increasing prevalence of celiac disease, non-celiac gluten sensitivity, and rising demand for convenient healthy food items are anticipated to drive the demand for the product over the forecast period. The COVID-19 pandemic had a positive impact on the product demand as home-baking activities increased significantly during the lockdown period. Google searches for baking tips and bread recipes have been soaring all over the world since the start of the pandemic, as people sought to learn new skills and take up different activities to stay busy. The work-from-home trend, along with the severe restriction of stay-home policy, has been encouraging consumers to indulge in cooking practices at home. Bakery products are mainly prepared using wheat; however, the h...

  Europe Reusable Water Bottle Industry Overview The Europe reusable water bottle market size was valued at USD 1.72 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. Rising awareness regarding plastic pollution levels across the region is influencing consumers to disregard bottled water, thereby driving the market for the reusable water bottle. In addition, the adoption of a healthier lifestyle among consumers to keep themselves hydrated is expected to boost the sales of the product in the forecast period. The widespread home isolation guidelines have spurred the demand for various kitchen products, including reusable bottles, during the Covid-19 pandemic. According to a blog post by Klarna, millennials and Generation X used a large portion of their income on home and garden products during the lockdown. These items included drinkware, kitchenware, and other household products. Before the pandemic, 42% of people purchased...

  Animal Wound Care Industry Overview The global animal wound care market size was valued at USD 960.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The rising adoption of companion animals and increasing demand for veterinary surgeries are propelling the market. Moreover, the increasing number of vet visits is further propelling the market growth. According to IDEXX Laboratories, Inc., in 2019, there were an estimated 315 million total visits in the U.S. During the COVID-19 pandemic, postponement and cancellation of elective surgeries in animals due to stringent lockdown norms consequently resulted in a decline of postoperative wounds cases, thus impacting the market growth. However, the market for animal wound care has shown V-shaped recovery during the 3rd quarter of 2020 due to the resumption of pet clinic visits and ease of norms. According to IDEXX, U.S. clinic visits increased by 6% in Q4 2020 from the last qua...

  Animal Wound Care Industry Overview The global animal wound care market size was valued at USD 960.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The rising adoption of companion animals and increasing demand for veterinary surgeries are propelling the market. Moreover, the increasing number of vet visits is further propelling the market growth. According to IDEXX Laboratories, Inc., in 2019, there were an estimated 315 million total visits in the U.S. During the COVID-19 pandemic, postponement and cancellation of elective surgeries in animals due to stringent lockdown norms consequently resulted in a decline of postoperative wounds cases, thus impacting the market growth. However, the market for animal wound care has shown V-shaped recovery during the 3rd quarter of 2020 due to the resumption of pet clinic visits and ease of norms. According to IDEXX, U.S. clinic visits increased by 6% in Q4 2020 from the last qua...

  North America Cheese Powder Industry Overview The North America cheese powder market size was valued at USD 1,418.50 million in 2020 and is expected to witness a compound annual growth (CAGR) of 4.9% from 2021 to 2028. Increasing demand for natural flavors and ingredients from the food and beverages sector is expected to be a key driver for market growth. Changing consumer lifestyles and the high urbanization rate in North American countries are contributing to the growth of the Ready-To-Eat (RTE), and snacks segments, which, in turn, is driving the demand for exotic foods and flavors. However, increasing concerns regarding the safety of products and stringent regulations related to sanitation, labeling, storage, and processing of products could be a challenge for the industry participants. The U.S. was the worst-hit country by the Covid-19 pandemic in 2020. Preventive measures to contain the spread of the infection resulted in countrywide lockdowns throughout 2020, which major...

  Cocktail Syrups Industry Overview The global cocktail syrups market size to be valued at USD 5.99 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% during the forecast period. The growing party culture among the young generation and working-class population across the globe is a major factor contributing to the growth of the market. The COVID-19 pandemic has had an adverse impact on the market for cocktail syrups. The sudden and prolonged closure of non-essential businesses, such as pubs, bars, restaurants, and hotels, has been one of the major changes over the lockdown period. However, the household demand for the products soared during the lockdown. The growth of the at-home cocktail culture and convenience, quality, and diversity of cocktail syrups are the factors behind the upsurge in demand. Innovation in cocktail syrups with an infusion of botanical and organic ingredients in vivid flavors is expected to provide new growth opportuniti...

  Treehouse Glamping Industry Overview The global treehouse glamping market size was valued at USD 186.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2021 to 2028. Treehouse glamping is one of the most famous types of glamping. Modern architecture and construction have allowed treehouses to be constructed in the most diverse places across the world. Treehouses cover the true definition of glamping as they are unique, comfortable, and luxurious. Treehouse glamping sites are not only being used by families and friends but also for several events like organizing corporate retreats and hosting intimate destination weddings since the COVID-19 lockdown. The coronavirus pandemic has fundamentally altered the nature of operations of industry participants as the first half of the year was marred with stay-at-home orders, travel restrictions, and lockdowns. The demand for glamping spots was primarily driven by the high-income demographic, wh...

  X U.S. School Furniture Industry Overview The U.S. school furniture market size was valued at USD 1.96 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2028. Increasing focus on improving the availability of education across cities, suburbs, towns, and rural areas has been promoting the growth of the market. According to the National Center for Education Statistics, the number of schools in cities of the U.S. increased from 2.3 million in fall 2009 to 2.5 million in fall 2017. Moreover, the number of schools in suburbs increased from 2.1 million in fall 2009 to 2.3 million in fall 2017. The nationwide closure of educational institutions including schools and colleges has been adversely affecting the school furniture market in the U.S. Education officials have been forced to cancel classes and close the doors to campuses across the country in response to the coronavirus outbreak. In addition, schools and colleges have switche...

  North America Processed Meat Industry Overview The North America processed meat market size was valued at USD 26.40 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.5% from 2021 to 2028. The market is expected to witness decent growth in the years to come because of a surge in the demand for convenient and easy-to-eat food, leading to the growth of the meat manufacturing sector. The rising disposable income of consumers, coupled with an increase in the number of working professionals, will propel the market growth over the forecast period. The COVID-19 pandemic has caused disruptions in the market. The limited availability of some products in retail stores resulted in a price rise. COVID-19 outbreaks have taken place in numerous meat production facilities operating in the U.S. and Canada. These outbreaks affected a large number of plants, which led to the disruption of the supply chain, closure of some factories, and posed a substantial thre...

  Fiberglass Sunscreen Industry Overview The global fiberglass sunscreen market size was valued at USD 1.91 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. Increased spending on home improvement projects or home remodeling is boosting the product demand. The growing home values have doubled homeowners’ equity in the period of five years preceding 2019, indicating a surge in spending capacity towards home improvement and interior decoration. According to the Leading Indicator of Remodeling Activity (LIRA), home improvement spending has risen at 6% annually in the three years since 2015. The outbreak of novel coronavirus has disrupted the supply chain and affected the construction of fiberglass sunscreen. As the pandemic enters its second year and the global economy slowly recovers, the worldwide fiberglass supply chain is facing a shortage of products, caused due to delays in shipping and a fast-evolving demand environme...

  Wine Industry Overview The global wine market size was valued at USD 417.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The rising adoption of wine among all age groups from the young generation to the old age population across the globe is the key factor for market growth. The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world. The sudden outbreak of pandemic has affected around 77% of hotels, with turnover falling by 60% across the sector, while restaurants saw sales down by 91% by the end of 2020 across the globe. Meanwhile, there has been a sudden change in the purchasing behavior of consumers. With restaurants, hotels, and bars shut or running on limited capacity, consumers have turned to food retailers as well as online portals to shop for the product. Direct-to-consumer sales have also benefited from...

  North America Memory Supplements Industry Overview The North America memory supplements market size was valued at USD 731.7 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2021 to 2028. The market is anticipated to witness significant growth in the next few years on account of the surging number of self-directed consumers and growing awareness of these products among students and the elderly. The COVID-19 pandemic has led to the strict imposition of lockdown and stay-at-home orders across North America. Such restrictions have led to job losses, extended working hours, less work-life balance, and limited social interaction. During this period, people were confined to their homes, which severely impacted their mental health. The COVID-19 pandemic has fueled the demand for memory supplements among consumers mainly because of two reasons: the deteriorating mental and emotional state of people and elderly people who are suffering from A...

  Europe Glassware Industry Overview The Europe glassware market size to be valued at USD 4.01 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 8.8% during the forecast period. The expansion of residential and commercial places, rising disposable income, and changing lifestyles are expected to drive the product demand over the forecast period. The growing commercial sectors, especially the hospitality sector, are influencing market growth. As per Horwath HTL, Germany has witnessed a 9% increase in hotel brand, Poland has witnessed a 12% increase in hotel brand, and Croatia has witnessed a 115% increase in hotel brand, among others. This has prompted other players in the hospitality sector to upgrade their products and services to gain a competitive advantage over new entrants. This factor is expected to majorly contribute to the demand for glassware in the hospitality sector over the coming years. Moreover, numerous bars and pubs in the region ar...