Gmi Research

  Egg-Free Mayonnaise Market The Egg-Free Mayonnaise Market is predicted to reach USD 2038 million by the end of 2027, growing at a CAGR of 6.2% over the forecast period (2020-2027). The factors driving the growth of Egg-Free Mayonnaise Market includes rise in the number of chronic diseases such as diabetes, obesity and blood pressure related problems and growing demand for plant-based products around the world. According to the report published by Bloomberg, the Global Plant Based Foods Market was estimated around USD 29.4 billion in 2020 and is predicted to reach USD 162 billion by the end of 2030, making up around 7.7% of the global protein market, which will boost the Egg-Free Mayonnaise Market size in the approaching years. Moreover, growing trend of veganism, rise in consumers inclination towards adopting healthy lifestyles, availability of different flavors of mayonnaise products at the online platforms, and increasing popularity of gluten free and egg free products, are some

  Beer Market The Beer Market was estimated around USD 630 million in 2019 and is predicted to grow at a CAGR of 5.2% over the forecast period (2020-2027). The factors driving the growth of Beer Market includes growing awareness amongst consumers about the health benefits of consuming beer, increasing popularity of alcoholic beverages amongst millennials and rise in the number of wine shops and liquor stores around the world. As per the report published by Federal Reserve Economic Data (FRED), revenue generated by beer, wine and liquor stores in the United States has increased from USD 3,707 million in February 2017 to USD 4,301 million in 2020, which is expected to boost the Beer Market share in the approaching years. Moreover, rise in the launch of innovative products, increasing availability of beer products at online platforms, growing consumers preference for preimmunized beers, are some of the additional factors supplementing the Global Beer Market . In addition, increasing inv

  Inertial Measurement Unit Market The Inertial Measurement Unit (IMU) Market is estimated to grow at a higher CAGR over the forecast period. The factors driving the growth of Inertial Measurement Unit Market includes rise in the production of smartphones around the world, emerging need to replace the ageing aircrafts and increasing use of unmanned ariel vehicles by militaries. According to the report published by Bloomberg, the Global Unmanned Ariel Vehicle Market is estimated around USD 32,350 million for 2022 and is predicted to reach USD 72,320 million by the end of 2028, growing at a CAGR of 14.4% over the forecast period (2022-2028), which will accelerate the Inertial Measurement Unit Market share in the coming years. Moreover, Technological advancements in the Inertial Measurement Unit, rise in Government’s spending on the Defense sector, increase in the number of defense-based start-ups and rapid growth in the aircraft deliveries, are some of the additional factors supplement

  Astaxanthin Market The Astaxanthin Market is estimated to expand at a significant CAGR over the forecast period The factors driving the growth of Astaxanthin Market includes growing demand for fortified food and beverages around the world, rising consciousness amongst consumers about adopting healthy lifestyles and rapid industrialization of feed industry. According to the report published by Statista, the market size of Flavored vitamin Fortified, and Mineral Enriched Food and Beverage in the Latin American region was estimated around USD 7.55 billion in 2018 and is predicted to reach USD 10.9 billion by the end of 2023, which will boost the Global Astaxanthin Market in the approaching years. Moreover, rising awareness about the health benefits of natural astaxanthin, growing use of astaxanthin in the dietary supplements and increase in the number of chronic diseases such as Cancer, Cardiovascular Diseases (CVDs) and Diabetes, are some of the additional factors supplementing the As

  Railway Telematics Market The Railway Telematics Market is expected to reach USD 18,747 million by the end of 2028, growing at a CAGR of 7.5% over the forecast period (2021-2028). The factors driving the growth of Railway Telematics Market includes rise in the construction of smart cities around the world, growing adoption of telematics systems by insurance and fleet management companies, to monitor location of the vehicle and increasing demand for safe and efficient transportation systems. According to the report published by Bloomberg, the Global Smart City Market was estimated around USD 390.13 billion in 2021 and is predicted to reach USD 1874.83 billion by the end of 2029, growing at a CAGR of 21.68% over the forecast period (2022-2028), which will boost the Railway Telematics Market size in the approaching years. Moreover, rising popularity of advanced technologies such as integrated service management, predictive analytics, and automatic stock control systems and Government

  Brewing Ingredients Market The Brewing Ingredients Market was valued around USD 33,400 million in 2020 and is expected to grow at a CAGR of 6.8% over the forecast period (2021-2028). The factors driving the growth of Brewing Ingredients Market includes rise in the consumption of craft beer around the world, increase in the number of liquor stores and growing demand for low or zero content alcohol beer drinks. According to the report published by Bloomberg, the Global Craft Beer Market was estimated around USD 76.3 billion in 2020 and is predicted to reach USD 174.68 billion by the end of 2032, growing at a CAGR of 6.9% over the forecast period (2022-2032), which will boost the Brewing Ingredients Market size in the approaching years. Moreover, growing influence of corporate culture, rapid growth in the food and beverage industry, busy lifestyles, Government initiatives to boost the liquor sales, rising disposable incomes and rapid urbanization, are some of the additional factors

  Brewing Ingredients Market The Brewing Ingredients Market was valued around USD 33,400 million in 2020 and is expected to grow at a CAGR of 6.8% over the forecast period (2021-2028). The factors driving the growth of Brewing Ingredients Market includes rise in the consumption of craft beer around the world, increase in the number of liquor stores and growing demand for low or zero content alcohol beer drinks. According to the report published by Bloomberg, the Global Craft Beer Market was estimated around USD 76.3 billion in 2020 and is predicted to reach USD 174.68 billion by the end of 2032, growing at a CAGR of 6.9% over the forecast period (2022-2032), which will boost the Brewing Ingredients Market size in the approaching years. Moreover, growing influence of corporate culture, rapid growth in the food and beverage industry, busy lifestyles, Government initiatives to boost the liquor sales, rising disposable incomes and rapid urbanization, are some of the additional factors su

  Saudi Arabia Smart LED Lighting Market The Smart LED Lighting Market in Saudi Arabia is estimated to grow at a robust CAGR over the forecast period (2020-2027). The factors driving the growth of Saudi Arabia Smart LED Lighting Market includes growing demand for Light Emitting Diode (LED) lighting products in the residential and commercial areas, rise in the electricity consumption in Saudi Arabia and expansion of the real estate industry. According to the report published by Statista, the Electricity consumption in Saudi Arabia has increased from 246.6 terawatts per hour in 2012 to 289 terawatts per hour in 2020, which will boost the market growth in the approaching years. Moreover, rise in Government’s expenditure on the megacities and smart city projects, availability of huge reserves of crude oil, fall in the prices of LED lights and incorporation of voice control features with smart lighting systems, are some of the additional factors supplementing the market growth. Moreover, t

  Food Safety Testing Market The Food Safety Testing Market is expected to reach USD 30,687 million by the end of 2027, growing at a CAGR of 7.3% over the forecast period (2020-2027). The factors driving the growth of Food Safety Testing Market includes prevalence of foodborne diseases around the world, growing demand for ready to eat food products, strict regulations imposed by Government regarding food safety. According to the report published by Bloomberg, the Global Ready-to-Eat Food Market is calculated around USD 1,073.87 billion for 2022 and is expected to reach USD 1,471.94 billion by the end of 2028, growing at a CAGR of 5.4% over the forecast period (2022-2028), which will boost the Global Food Safety Testing Market in the approaching years. Moreover, rise in the number of quick-service restaurants, technological innovations in the testing industry, increase in the food production and growing investments by leading players on research and development, are some of the additio

  Underwater Concrete Market The Underwater Concrete Market is estimated to grow at a robust CAGR over the forecast period (2020-2027). The factors driving the growth of Underwater Concrete Market includes rise in the construction of dams, swimming pools, ports and hydropower plants around the world, emerging need to upgrade the existing underwater structures and the presence of larges number of concrete manufacturers and contractors. According to the report published by Statista, the Global Hydropower Market was estimated around USD 202 billion in 2019 and is projected to reach USD 317.8 billion, by the end of 2027, growing at a CAGR of 5.9% over the forecast period (2019-2027), which will boost the Global Underwater Concrete Market in the approaching years. Moreover, growing demand for underwater concrete materials in the oil and gas industry, rise in Government’s expenditure on offshore infrastructure and underwater metro projects, are some of the additional factors supplementing t

  Shaving Foam Market The Shaving Foam Market is estimated to grow at a significant CAGR during the forecast period (2020-2027). The factors driving the growth of Shaving Foam Market includes growing demand for men personal care products, rise in the number of saloons and barbershops around the world and growing consciousness amongst men about maintaining personal hygiene. According to the report published by Statista, the Global Men's Personal Care Market was estimated around USD 121 billion in 2016 and is predicted to reach more than USD 166 billion by the end of 2026, which will boost the Shaving Foam Market size in thew approaching years. Moreover, availability of wide variety of shaving foam products at the e-commerce platforms, increasing consumer preference for organic and natural products and growing emphasis on manufacturing skin-friendly products, are some of the additional factors supplementing the market growth. In addition, rise in the launches of innovative products,

  Energy Efficient Motor Market The Energy Efficient Motor Market is expected to grow at a higher CAGR over the forecast period (2020-2027). The factors driving the growth of Energy Efficient Motor Market includes growing emphasis on reducing greenhouse gas emissions, expansion of the automobile industry, increasing application of energy efficient motors in HVAC and domestic appliances and rising LED penetration around the world. According to the report published by Statista, the revenue generated from the sales of passenger cars in India is calculated around USD 16.14 billion for 2022 and the market volume of Passenger Cars is estimated to reach USD 17.25 billion by the end of 2026, which will boost the Energy Efficient Motor Market size in the approaching years. Moreover, the rising application of energy efficient motors in agricultural activities, increasing energy prices across the globe, improvements in design methods of motors and Government regulations mandating the use of e

  Fortified Food Market The Fortified Food Market was valued around USD 163 million in 2019 and is predicted to grow at a CAGR of 5.7% over the forecast period (2020-2027). The factors driving the growth of Fortified Food Market includes rising consumers consciousness towards adopting healthy lifestyles, growing acceptance to food fortification techniques by reputed organizations and increasing cases of Anemia in woman across the globe. According to the report published by Hindustan Times, Anemia in woman between the age group 15 and 49 years has increased from 57% from 53.1% and in pregnant woman, it has risen from 50.4% to 52.2%, which is pushing the demand for fortified food products across the world. As per the Fortified Food Market Forecast , growing awareness about the benefits of fortified foods, rise in the vegan population, Government initiatives to promote consumption of fortified food, improvements in the living standards and increasing popularity of infant formula products

  Saudi Arabia IoT Device Market The Saudi Arabia IoT Device Market is estimated to grow at a higher CAGR over the forecast period (2020-2027). The factors driving the growth of Saudi Arabia IoT Device Market includes increasing penetration of smartphone and wearable devices in Saudi Arabia, improvements in the internet connectivity, rising popularity of 5G Technology and expansion of the IT & telecom industry. According to the report published by Airnow Data, around 80.7% people in the Kingdom of Saudi Arabia used smartphones in 2019 and this figure is expected to increase to 24 million by 2022, with total population being 30 million, which will boost the market growth in the approaching years. Moreover, the growing adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) by major corporations and rising attraction amongst consumers about smart parking and smart lighting solutions, are some of the additional factors supplementing the market

  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa

  Surveillance Radars Market The Surveillance Radars Market is estimated to expand at a robust CAGR over the forecast period (2020-2027). The factors driving the growth of Surveillance Radars Market includes rise in the number of cross border conflicts and terrorism activities, increasing deployment of surveillance radars at airports, camps and harbors and growing application of surveillance radars in the unmanned ariel vehicles. According to the report published by Bloomberg, the Global Unmanned Ariel Vehicles Market is estimated to reach USD 77.69 billion by the end of 2030, expanding at a CAGR of 14.6% over the forecast, which will boost the Surveillance Radars Market size in the approaching years. Moreover, rise in the military drills and exercise, growing political tensions between countries and increase in Government’s expenditure for procuring modern air defense systems and next generation combat aircrafts, are some of the additional factors supplementing the market growth. In

  Cryocooler Market The Cryocooler Market was estimated around USD 2,100 million in 2019, exhibiting a CAGR of 7.1% over the forecast period (2020-2027). The factors driving the growth of Cryocooler Market includes rise in the production of Liquified Natural Gas (LNG) across the globe, increasing application of cryocooler in the end-used industries such as Military, Space and Agriculture & Biology and expansion of the semiconductor industry. According to the report published by Bloomberg, the Global Liquified Natural Gas Market is expected to reach USD 205,280 million by the end of 2027, growing at a CAGR of 5.7% over the forecast period (2021-2027), which will boost the Global Cryocooler Market in the approaching years. Moreover, technological advancements in the cryocooler, increasing investments by the leading players on research and development and the expansion of healthcare sector, are some of the additional factors supplementing the Cryocooler Market share . In addition, gr