Market outlook of the global pea protein market
Technavio’s research analyst predicts the global pea protein market to grow at a CAGR of around 9% between 2016 and 2020. The demand for food products with high protein content has contributed significantly to the growth of this market. Pea protein and other plant proteins such as rice and wheat have complementary amino acid profiles, and when combined, they offer enhanced nutritional benefits. With a steady rise in veganism and vegetarianism, pea protein emerges as a viable alternative to meat and dairy proteins.
The market is also witnessing growing incidences of food allergies including gluten and lactose intolerances that have spurred the demand for dairy and gluten-free products, thus increasing the demand for pea protein products in the market.
Segmentation by type and analysis of the pea protein market
Isolates type is expected to be the fastest-growing segment until 2020. Pea protein isolates are the refined version of concentrates with up to 95% protein, with foaming, binding, and texturizing capabilities. The high protein content and the presence of lysine, arginine, and branched chain amino acids makes pea protein isolates a viable choice in sports nutrition products.
Segmentation by application and analysis of the pea protein market
- Dietary supplements
- Bakery goods
- Meat substitutes
In terms of application, dietary supplements accounted for more than 65% of the market in 2015. Due to easy digestibility and a comprehensive nutritional profile of pea proteins, they have emerged as the ideal low-calorie...
An overview of the office furniture market
Technavio’s market research analyst predicts the global office furniture market to grow at a CAGR of more than 5% between 2016 and 2020. An increase in spending by large enterprises on the interiors of their office spaces to enable an employee-friendly work environment is leading to an increase in demand for office furniture, which is significantly driving the growth of the market. Apart from this, more and more employees are engaging in home-based commercial activities, which is leading to the popularity of home office furniture.
Consumers across the globe are increasingly demanding for green office furniture due to the growing concern for the preservation of the environment and increasing deforestation. This demand is motivating furniture manufacturers to adopt eco-friendly solutions for their products, which are set to impact market growth positively during the forecast period. Vendors today are considering long-term ecological sustainability while manufacturing furniture products.
Product segmentation and analysis of the office furniture market
- Overhead bins
- Storage units and files
The seating segment dominated the market in 2015, accounting for around one-third of the market share. This segment is expected to lead the market until 2020 due to the rising number of office spaces and increase in product innovations to enhance the comfort of employees. Innovative seating products such as programmable ergonomic seating, which enhance the comfort of users, will have a positive impact on the segment’s growth.
Geographical segmentation of the office furniture market
- Europe ...
Outlook of the scuba diving equipment market in South Korea
Technavio’s market research analyst predicts the scuba diving equipment market in South Korea to grow at a CAGR of around 6% by 2020. One of the primary drivers of this market is the rise in per capita income of the people. This increase in the per capita income has augmented the demand for recreational activities, which includes scuba diving. Additionally, factors such as the recent increase in the number of tourism activities in South Korea will also aid in the growth of this market during the forecast period.
The widespread availability of counterfeit products in the market is one of the major challenges affecting the revenue and brand name of the key vendors. Another significant challenge is the presence of unfavorable weather conditions in South Korea, which in turn will hinder the popularity of the sport to a great extent.
Product-based segmentation of the scuba diving equipment market in South Korea
- Diving computers and gauges
At present, the apparel segment dominates this market and accounts for a market share of around 40%. The mandatory use of apparels in scuba diving and increased interest in water sports are driving the prospects for growth in this market segment.
Segmentation by distribution channel and analysis of the scuba diving equipment market in South Korea
- Hypermarkets and supermarkets
- Rentals and certification centers
- Sports and specialty stores
- Online retail
The sports and specialty stores segment accounted for around 30% of the total market share in 2015. The availability of a wide array of popular brands in such...
Market outlook of the fish oil products market in the US
Technavio’s market research analyst predicts the fish oil products market in the US to grow at a CAGR of around 1% between 2016 and 2020. The primary factor driving the fish oil products market in the US is the health benefit associated with its consumption. Fish oils contain omega-3 fatty acids, EPA and DHA, which help treat a wide range of ailments including cardiac issues, cancer, diabetes, inflammation, immune disorders, ophthalmic conditions, and ulcers. It is also used to aid in weight loss and maintaining a healthy pregnancy.
The development of aquaculture in the US is another significant trend in this market. Apart from fish oil produced from whole fish, an increasing proportion of fish oil will be derived from trimmings as a by-product of fish processing over the next four years.
Segmentation by application of the fish oil products market in the US
- Direct human consumption
Aquaculture accounted for more than half of the market size in 2015. Marine aquaculture in the US contributes to seafood supply, supports commercial fisheries, restores habitat, and maintains economic activity in coastal communities in coastal states.
Competitive landscape and key vendors
The fish oil products market in the US is highly fragmented with the presence of numerous small, medium, and large vendors having a significant presence in the market. Vendors in the market compete on the basis of numerous factors such as price, quality, innovation, service, reputation, distribution, and promotion.
The top six vendors in the market are -
- Nordic Naturals ...
Market overview of camping equipment
Technavio’s market research analyst predicts the global camping equipment market to grow at a CAGR of around 4% between 2016 and 2020. Increasing participation in outdoor recreational activities is a key factor driving this market. This, in turn, is expected to bolster the sale of camping equipment further promoting the growth of this market.
The US, a key market for outdoor camping, witnessed the number of campers grow over 45 million in 2015. Innovations and advances in camping equipment manufacturing coupled with the need to replace old equipment on account of excessive wear and tear are other key factors accelerating the growth of this market. Online retailing and increased demand for eco-friendly camping equipment is expected to boost the market sales through 2020.
Product segmentation and analysis of the camping equipment market
- Sleeping bags
- Others (stove, cooler, air mattress, lanterns, and lighting products)
The market was dominated by the tents segment in 2015, and it will continue to dominate until 2020. Along with advancements in campsites that offer value-added facilities such as children's play areas, golf courses, spas, and many other modern activities, advances in tent design and technology will play a key role in propelling market growth.
Geographical segmentation of the camping equipment market
- North America
- ROW (Africa, Latin America, and the Middle East)
North America accounted for more than 40% of the market share in 2015. The growing interest in...
Outlook of the DIY market in Europe
Technavio’s market research analyst predicts the do-it-yourself (DIY) market in Europe to grow at a slow but moderate CAGR of around 2% by 2020. The recent increase in home ownership and the rising disposable income of the populace will impel the DIY market in Europe. Due to the growing customer confidence, the spending on items such as furniture and tools has increased. Also, the diversification of product lines is a critical factor that will foster the prospects for growth in this market during the predicted period.
The high-cost effectiveness of DIY is the key driver for the growth of this market. Fully assembled products are more expensive due to their high production cost. As these products are bulky, their high shipping charges are also passed on to the consumers. The ability of DIY to eliminate these excessive costs by offering flexibility of customization in terms of raw materials and pricing of products, which is not possible with the standard ready-made products, will result in the populace’s growing preference for DIY during the predicted period.
Segmentation by product category and analysis of the DIY market in Europe
- Doors, windows, bath, fencing, brickwork, walkway, and landscape maintenance
- Décor and indoor garden
- Painting, wallpaper, and supplies
- Tools and hardware
- Building materials for roofs and gutters, plastering and cladding material
- Plumbing materials and equipment
- Materials and supplies for flooring, repair and replacement
- Materials and equipment for electrical work
Market overview of the global American whiskey market
As per Technavio analysts, the global American whiskey market will grow at a CAGR of approximately 6% in terms of volume between 2016 and 2020. The US was the largest market for American whiskey in terms of volume during 2015. Growing urbanization, rising disposable income, and changing consumer demographics are factors that will likely fuel the growth of the global American whiskey market until 2020. The rising consumer demand for authentic products that have a high product value, such as rye whiskeys and small batch bourbons, will also exert a positive growth impact on the market during the forecast period. An increase in the demand for new flavors such as cherry-infused whiskey flavor is expected to fuel the growth of the global American whiskey market until 2020.
Companies are boosting their sales by adopting new marketing strategies and driving campaigns for increasing the awareness about their products in the market. Brown-Forman, one of the leading players in the market, have adopted a strategy of educating the bar staff and consumers about the American whiskey segment. In line with this, the company launched a campaign under the name "Welcome to the World of American Whiskey: The Story of Man and Oak" in 2015 in the UK.
Segmentation by distribution channel and analysis of the global American whiskey market
- Supermarket and hypermarkets
- Specialty retailers
The sale of American whiskey in terms of volume was largest through supermarkets and hypermarkets during 2015. The rapid rise in the number of supermarkets and hypermarkets in developing economies is a key driver for this growth. For instance, in ASEAN countries, the penetration of modern retail chains have increased from...
A high-performance electric motorcycle is propelled purely by electricity and is equipped with advanced electric motorcycle powertrain components and Li-ion batteries that have high energy density. These sporty bikes have a top speed that exceeds 90 miles per hour and can cover at least 80 miles on a single charge. As these bikes have a lower operating and maintenance cost than those with an ICE, its popularity among consumers is expected to increase in the coming years.
The report, global high-performance electric motorcycle market, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
Outlook of the dietary fiber market
Technavio’s market research analyst predicts the global dietary fiber market to grow at a CAGR of around 13% until 2020. One of the major drivers for this market is the immense health benefits associated with the consumption of dietary fibers. Recent studies have shown that people with high intake of fibers are less prone to diseases such as obesity, stroke, and hypertension. Consequently, people across the globe have become more concerned and cautious about their health and fitness and are paying more attention to the nutritional content of the food they consume. This change in the populace’s preferences will result in the augmented demand for fiber-based food products, which in turn will result in the growth of the dietary fiber market during the forecast period.
The growing demand for dietary fiber as a functional food is expected to have a positive impact on the market during the forecast period. Also, the launch of different dietary fiber-based products is another factor that will boost the prospects for market growth until 2020. Companies in the food and beverage industry are predominantly adopting new strategies that focus on dietary fibers as a way to market their products and brands. Also, factors such as the rising demand for bakery products is expected to fuel the global market for dietary fibers until 2020.
Segmentation by product and analysis of the dietary fiber market
- Soluble fiber
- Insoluble fiber
In this market research, analysts have estimated the insoluble fiber segment to account for more than 55% of the total market share during the forecast period. Factors like the growing number of people with obesity and the increasing incidence of several health problems, such as cholesterol and coronary heart disorder, will fuel the demand for insoluble dietary...
Market outlook of scuba diving equipment
Technavio’s research analyst predicts the global scuba diving equipment market to grow at a CAGR of around 4% between 2016 and 2020. With an increased interest in scuba diving, most divers nowadays prefer advanced scuba diving equipment. Hence, the demand for such equipment is on the rise, which in turn is fueling the growth of the market. Technological advancements in the sports industry are paving the way for adoption of new equipment at the same time ensuring great safety for end-users. Recreational divers are increasingly using dive computers and underwater digital cameras.
Additionally, the growing consumer awareness about the hazards caused to the environment is driving them to focus on using eco-friendly diving products, which is a fast-moving trend propelling the growth of the market. The market is witnessing a rising demand for eco-friendly wetsuits and dry suits. Thermoplastic elastomer, which is a newly developed and advanced non-toxic material, is being increasingly used in manufacturing eco-friendly scuba diving equipment.
Segmentation and analysis by product of the scuba diving equipment market
- Diving computers and gauges
The apparel segment dominated the market in 2015 with a market share of almost 46% and will continue to do so during the forecast period. Growing interest in water sports is driving the demand for scuba diving apparel and hence leading to the growth of the overall market. The scuba diving apparel segment includes wetsuits, dry suits, buoyancy control devices (BCDs) and masks.
Geographical segmentation of the scuba diving equipment market
- APAC ...
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