Essential Oils Market Opportunities, Business Growth, Challenges, Demand And Upcoming Trends To 2025 : Grand View Research Inc.

As per the report by Grand View Research, Inc., the essential oils market size is poised to reach 403.06 kilotons and is estimated to witness a CAGR of 8.6 % by 2025. Growing disposable income, increasing research and developmental activities, and enhanced demand from cosmetic and food and beverage applications are anticipated to drive the demand for essential oils in the forecast period.

In addition, rising consumer consciousness about the ill-health results of synthetic chemicals used to add fragrances, texture, and aesthetic appeal of the food products and improved awareness about the use of essential oils has contributed to the growth of the market. Numerous health benefits offered by these oils are estimated to drive their demand in medical and pharmaceutical applications. Unlike most of the conventional drugs and medicines, they have no major side effects. Rising inclination of consumers toward organic and natural products is also leading to increased usage of essential oils in food and beverages and cosmetics industry. On the other hand, side effects related to certain essential oils and the reduction of natural resources are anticipated to hamper the market in the years to come.

Recently, Young Living Essential Oils, a major player in the market acquired Life Matters, a wellness company in a non-cash deal. This will support the company in expanding and strengthening its business.  Young Living Essential Oils developed its essential oil’s portfolio with the introduction of numerous products namely Cool Azul, Northern Lights Black Spruce, NEW Jade Lemon, and Light the Fire. This variety of products provides a merger of oils catering to the constantly changing consumer requirements.

Geographically, Asia Pacific is estimated to witness the highest CAGR in the forthcoming period. The growth of the essential oils in this region can be attributed to the presence of huge populace along with several untapped markets, which are estimated to appeal the attention of major players to establish and expand their distribution and operational services in this region.

Leading players effective in the essential oils market include Young Living Essential Oils; DoTerra; Essential Oils of New Zealand; NOW Foods; The Lebermuth Company; Flavex Naturextrakte GmbH; West India Spices Inc; and Ungerer and Company, Inc.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Luxury Hotel Market Projected To Ascend At The Fastest CAGR Of 4.3% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.

As per the report by Grand View Research, Inc., the luxury hotel market is poised to rise to a valuation of USD 115.80 billion and is estimated to witness a CAGR of 4.3 % by 2025. Developing corporate and tourism industries across several regions, increasing standard of living, increase in preference for leisure travel, and rising disposable income are anticipated to propel the luxury hotel industry in the forecast period.

Change in client’s preference toward luxurious traveling is anticipated to drive the luxury hotel industry across the globe. Furthermore, an increase in the number of international and national events is also generating the demand for luxury hotels. Development of newer luxury hotels is also expected to unfold new business opportunities for the market in the forecast period. However, luxury hotels belong to high-end segmentation on account of pricing and high tariff, which is anticipated to hinder the growth of the market. Furthermore, the visitor’s attitude of discovering new hotels refrain them from revisiting the same hotel thereby reducing recurring footfall.

The stay and experience of a luxury lifestyle during holidays or vacations is seen as a rejuvenating and relaxing experience by the travelers. This is becoming a huge trend among senior citizens and newly married couples, as they sum up this luxury vacation as a lifetime experience. In April 2019, Marriott International started expanding in Mexico and is anticipated to increase its footprint by over 50% by 2023. As per the global research and consulting firm Great Place to Work, Hilton ranked as top hospitality company to work for in the Asia Pacific for third year running, in April 2019. This marks the third successive year that Hilton has surpassed the prestigious list as a hospitality firm.

Geographically, North America is one of the prominent regions in the market and is anticipated to retain its position over the forthcoming period. The U.S. accounted for the largest revenue share in the market in 2017 since it is a financial hub across the globe as well as it is the most popular tourist destinations for people globally. Asia Pacific is expected to witness the highest development rate over the forthcoming period.

Leading players effective in the luxury hotel market include AccorHotels; InterContinental Hotels Group; Shangri-La International Hotel Management Ltd.; Four Seasons Hotels Limited; Marriott International, Inc.; and Taj Hotels Palaces Resorts Safari.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Natural Cosmetics Market Size Is Anticipated To Reach USD 48.04 Billion By 2025 : Grand View Research Inc.

As per the report by Grand View Research, Inc., the natural cosmetics market is poised to rise to a valuation of USD 48.04 billion and is estimated to witness a CAGR of 5.01% by 2025. Increasing awareness about environment-friendly products coupled with increasing demand for beauty products is anticipated to propel the demand for natural cosmetics in the forecast period.

Increasing consumer awareness about the reaction of chemical substance in cosmetics is propelling the manufacturers to launch more natural products. Demand for natural ingredients, penetrating from food to personal care and cosmetics products is anticipated to drive the demand for natural cosmetics in the years to come.

In addition, increasing number of natural personal care products with antioxidant properties and herbal extract is also driving the development of natural cosmetics industry. The market is anticipated to grow at a steady rate on account of increasing number of retail stores across the globe. On the other hand, cost-intensive product certification procedure followed by labor-intensive manufacturing procedure and instable raw material prices make these products costlier than synthetic products. This is anticipated to hinder the growth of natural cosmetics industry during the forthcoming period.

The emerging trend in natural cosmetics is to include cannabis ingredients in cosmetic products. The acceptance has increased since U.S. has authorized the use of cannabis and more and more customers are recognizing it for its skincare qualities and health benefits. As its acceptance into mainstream culture surges, there would be more cannabis cosmetic products hitting shelves.

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L’Oréal introduced a hair dye named Botanea, as a new step to the cosmetic manufacturing. This has impelled the manufacturers to surge their R&D spending to produce more products made of natural products. In 2018 Henkel AG & Company, KGaA extended its natural cosmetics and personal care product offerings by introducing natural toiletries under the brand name Nature Box that includes skincare and hair care products. The products are made using apricots, macadamia nuts, almonds, coconut, avocados, 100% cold-pressed oil, and other sustainably sourced ingredients.

Geographically, Europe is one of the prominent regions in the natural cosmetic industry. Europe has the presence of key market players. Increasing number of startups and companies such as Bioeffect; L’Oréal SA; and AVON Product Inc.; are estimated to support Europe uphold the leading position over the forthcoming period. Leading players effective in the natural cosmetics market include 100% Pure; Burt’s Bees; Bare Escentuals Beauty Inc.; Korres S.A.; L’Oréal SA; Weleda AG; AVEENO; Avon Product Inc.; Arbonne International LLC; Tata Harper; and Coty Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

Beer Market Insights, Industry Analysis And Forecast 2022 : Grand View Research Inc.

According to a report by Grand View Research Inc., the global beer market was at a valuation of USD 485.2 billion in 2014 and is anticipated witness high growth rate in the forecast period. Rising consumer disposable income, manufacturing of high-quality beer, and increasing global populace are the major factors for the industry growth. Changing lifestyle of population across the globe is one of the foremost factors that is expected to propel the demand for beers in the years to come.

Recently, drinking in house or at bars during celebrations has become a part of the sociocultural environment. The approach toward alcohol is changing, particularly among the young age group, as drinking culture becomes more prevalent. These factors are propelling the demand for more quality beers in the market thus boosting the growth.

Furthermore, with a growing number of outlets and bars, beer is becoming extensively available. With a constant increase in customers and rising consumer demand, the beer industry is expected to grow at a continuous rate over the forecast period.

Promotional activities and creative marketing are also playing a major role in the growth of the market. Recently, alcohol firms have been capitalizing strongly in promotions and advertising to increase their market position. For example, Heineken N.V. sponsored the UEFA Champions League in 2018 whereas Carlsberg Breweries A/S sponsored UEFA Euro in 2016.

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There is an enormous opportunity for manufacturers to boost their sales revenue by appealing to the female customers. The companies have not yet successfully advertised the products especially for females. On account of increased proportion of working women and fast acceptance of western culture in the last few years, beer consumption by females has significantly improved.

Consequently, women are considered to be one of the foremost customers of beers in the coming years and thus pose a huge opportunity for the beer industry in the forecast period. Japanese Craft Beer introduced an advertising drive named “Drink in a New Language” in the U.S. With this drive, 22 Japanese craft beer manufacturers requested Americans to learn craft brewing procedures and exclusive flavor profiles of Japanese craft beer.

Asia Pacific is estimated to witness a high development in the demand in the forecast period. Developing economies in the region, such as China and India, are the major contributors to the regional market growth. Furthermore, Singapore and South Korea are also anticipated to contribute significantly to the development of the industry.

Improving financial circumstances and rising acceptance of western lifestyle are anticipated to drive the growth of the market in the forecast period. Consumption of the product is high among the corporate employees and is preferred over other alcoholic beverages. This is one of the major factors for the increased consumption and subsequent growth of the market in the region.

Some of the key players effective in the beer market are SABMiller, AB InBev, Heineken, Carlsberg, Snow Breweries, Pabst Brewing Co., Molson Coors Brewing Company, Tsingtao Brewing Co. Ltd., Asahi Breweries, Kiring Holdings, and Beijing Yanjing Brewery Co.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Diving Suit Market Analysis By Price Bracket And Region : Grand View Research Inc.

According to a new report by Grand View Research, Inc., the global diving suit market accounted for USD 498.2 million in 2018 and is expected to witness a CAGR of 5.5% over the forecast period (2019 – 2025). Increasing popularity of people engaging in recreational activities globally is expected to drive the demand for the market over the next few years. On account of diversified applications of these suits in sea rescue and other commercial operations, these products are gaining immense popularity.

Advancement in material technology, which is leading to continuous innovations and product development, is promoting the growth of the market. Manufacturers are keen to invest in R&D in order to enhance the overall consumer experience. Increasing adoption of no-stitch technology and polytherm tri-laminate material is also expected to impel the market growth.

Based on region, North America accounts for the largest market in diving equipment, especially dry suits and wet suits. The region emerged as the leading market in terms of demand as well as revenue in 2018 and has a large presence of leading companies such as Aqua Lung International, Dive-Rite, and Cressi-sub. These factors are responsible for the significant growth of the region.

The market for diving suits in Asia Pacific is anticipated to witness the highest growth in terms of revenue over the next few years. The growth is on account of substantial rise in diving tourism in coastal areas across the region. Southeast Asian countries such as Vietnam and Indonesia witnessing a rising popularity in watersports participation, which is also one of the reasons leading to increased demand for diving suits.

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The region of Middle East and Africa also witnessed an increased demand for the product since 32 thousand units of diving suits were sold in this region in 2018. On account of numerous diving sites across the region, particularly in South Africa and Egypt, the regional demand is expected to experience a substantial growth over the forecast period.

In order to overcome intense competition, new product development is one of the major strategies incorporated by leading companies. For instance, for diversifying its offerings, Sheico Group launched eco-friendly wet suits, embedded with green technologies in 2017. In February 2018, SCUBAPRO introduced its new cold water collection of diving dry suits in order to expand its product line.

In addition, major companies in the diving suit market are keen to develop superior and low-cost products and make considerable investments in R&D in order to gain a competitive edge. Additionally, these companies are offering various suits ranging from thickness of 2mm to 9mm in order to diversify their offerings and augment their product portfolio.

Some of the prominent players operating in the diving suit market are Beuchat; Cressi; Aqua Lung; MARES; Riffe International, Inc.; Omer America; ROB ALLEN; SCUBAPRO; XCEL; SALVIMAR srl; and SHEICO Group.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com