Digestive & Intestinal Remedies Market Outlook On The Basis Of Type, Distribution Channel, Region And Forecast From 2022 to 2028: Grand View Research Inc. 

San Francisco, 29 July 2022: The Report Digestive & Intestinal Remedies Market Size, Share & Trends Analysis Report By Type, By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2022 – 2028

The global digestive & intestinal remedies market size is expected to reach USD 22.9 billion by 2028, registering a CAGR of 3.5% from 2022 to 2028, according to a new report by Grand View Research, Inc. Digestive medicines are the most common over the counter medicines purchased by people. Moreover, physicians recommend the use of these medicines only after minor health issues such as acidity and other digestive problems. But in several countries, these medicines are sold directly to the patients without prescription as per their rules and regulations.

The market is majorly driven by high demand for over-the-counter products such as zientac, omez, and others. There is an increase in gastrointestinal disorders cases among people. Moreover, increasing cases of inflammatory bowel disease, constipation, irritable bowel syndrome, and gastroesophageal reflux illness are other factors that in turn are boosting market growth over the forecast period.

The market growth is driven by the developments and expansion of fast-food joints and the food service industry. Due to the expansion of hotels, restaurants, and junk food places across the world, consumption of oily, spicy, and unhygienic food has increased extremely. Moreover, increasing disposable income and a hectic lifestyle are facilitating the trend of eating out. This significantly leads to digestive and intestinal problems such as acidity, upset stomach, inflammations, etc., and increases consumption of digestive and intestinal remedies.

During the COVID-19 pandemic, the sales of digestive and intestinal remedies were reduced globally. Lockdown measures to control the spread of COVID-19 and better hygiene have frozen the spread of seasonal illnesses, which has reduced the sales of over-the-counter medicines. Various pharmaceutical companies have displayed quarterly earnings reports which showed that a decrease in digestive and intestinal remedies has affected their bottom line sales in the market.

The digestive medicines accounted for the largest revenue share of over 50% in 2021 owing to the increasing demand for these drugs due to rising health issues. The rising aging population is also another key factor driving the segment growth. Moreover, altering lifestyles and diets has also increased the demand for digestive remedies products. Hence, owing to these reasons the segment is estimated to show growth over the estimated period.

The offline segment dominated the market with the highest share of over 70% in 2021. The demand for digestives & intestinal remedies is rising among customers due to more sustainability offered by these offline stores than any other channel. Hence the segment is projected to show growth during the assessment period.

North America dominated the market and accounted for around 45% revenue share in 2021 due to the growing number of gastrointestinal diseases in this region. Also, the growing geriatric and obese population in this region is driving the market growth. Increasing research and development activities along with the presence of key market players are other factors boosting market growth over the forecast period.

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Digestive & Intestinal Remedies Market Report Highlights

• Asia Pacific is expected to register the fastest CAGR of 4.1% from 2022 to 2028 owing to rising demand for digestives & intestinal remedies due to the increasing prevalence of GI illness disease
• The digestive medicines accounted for the largest revenue share of over 50% in 2021 owing to the increasing demand for these drugs due to rising health issues
• The offline segment dominated the market with the highest share of 70% in 2021 owing to its increasing sales
• The remedies against gastrointestinal complaints segment will register the highest growth at 3.7% from 2022 to 2028 due to its growing cases of gastrointestinal disease 

List of Key Players in Digestive & Intestinal Remedies Market

• Bayer Healthcare
• Johnson & Johnson
• GlaxoSmithKline Plc
• Procter & Gamble Co
• Sanofi
• Boehringer Ingelheim GmbH
• Reckitt Benckiser Group Plc (RB)
• Abbott Laboratories Inc.
• Takeda Pharmaceutical Co Ltd
• Menarini Group

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Fixed Voice Market Trends Analysis Report By End-Use, Region And Forecast To 2028 : Grand View Research Inc.

San Francisco, 29 July 2022: The Report Fixed Voice Market Size, Share & Trends Analysis Report By End-use (Consumer/Residential, Business), By Region, And Segment Forecasts, 2022 – 2028

The global fixed voice market size is expected to reach USD 121.2 billion by 2028, registering a CAGR of -2.3% from 2022 to 2028, according to a new report by Grand View Research, Inc. Fixed voice service revenue is predicted to decline in the next few years as a result of lower circuit-switched subscriptions among companies and consumers, as well as a drop in fixed voice ARPU. Due to a strong preference for mobile and OTT-based network communication services, fixed voice services revenues will be pulled down over the forecast timeline. Consumers and companies have shifted heavily towards mobile voice and internet voice communication platforms in recent years. As a result, the overall revenue streams for the worldwide fixed voice services industry have decreased.

With the widespread use of 5G technology, an increase in the number of internet-connected mobile smartphones, and consumer interest in next-generation technologies, there has been a significant shift in customer preference for VoIP and mobile voice communication platforms. Furthermore, governments all over the world are launching big campaigns to promote the use of mobile voice technology. The persistent loss in fixed voice service income is not compensating for the steady growth in fixed broadband service revenue, resulting in a drop in fixed communications services revenue.

The telecommunications services industry has shown to be one of the most resilient sectors of the global economy throughout the COVID-19 crisis. Anti-pandemic strategies in several countries have increased the usage of telecom services by forcing individuals to stay at home and reducing face-to-face interactions. The economic impact of company closures, growing unemployment, decreased tourist activities, and decreasing consumer expenditure on non-essential products and services, on the other hand, weakened the market. Fixed voice service spending will continue to decline and will be exacerbated by the pandemic, as consumers are likely to discontinue fixed call services and switch to mobile communication lines.

Fixed voice services revenues in the Asia Pacific have decreased significantly in a couple of years. The regional telecoms service business has seen significant changes in recent years as the region has evolved into a digital business center. To meet their communication and network demands, consumers and businesses in the region are turning to mobile voice services. Furthermore, fixed-mobile substitution and consolidation of various narrowband networks are principally responsible for the loss of voice lines in countries like China, Japan, and India.

In the last several years, the uptake of fixed voice services in North America and Europe has been slow. Since the ongoing 5G revolution in some countries, mobile phones have become the major mode of communication, further reducing the use of public telephone boxes and diminishing the need for businesses to adopt fixed internet connections and fixed-line telephones.    

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Fixed Voice Market Report Highlights

• North America witnesses a significant decline in the fixed voice services revenue. This revenue decline is majorly due to the consumer shift towards mobile and VoIP telephony services and immigration towards 5G technology
• The usage of fixed voice systems has decreased significantly in the consumer/residential sector. Consumers and companies continue to favor mobile voice communication services
• The Asia Pacific has witnessed a significant decline in a couple of years mainly due to consumer shift towards broadband and mobile voice services, availability of narrowband services for service providers, and growth of VoIP services

List of Key Players in Fixed Voice Market

• AT&T Inc. 
• Verizon Communications Inc. 
• Nippon Telegraph and Telephone Corporation (NTT)
• China Mobile Ltd.
• Deutsche Telekom AG
• KT Corporation
• Telefonica SA 
• KDDI Corporation
• Orange SA
• Reliance Jio Infocomm Limited.

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Creative Software Market Trends Analysis Report By Deployment, Type, Region And Forecast To 2028 : Grand View Research Inc.

San Francisco, 25 July 2022: The Report Creative Software Market Size, Share & Trends Analysis Report By Deployment, By Type (Sound & Video Recording Software, Image & Video Editing Software), By Region, And Segment Forecasts, 2022 – 2028

The global creative software market size is expected to reach USD 13.42 billion by 2028, registering a CAGR of 6.8% during the forecast period from 2022 to 2028 according to a new report by Grand View Research, Inc. The demand for technologically advanced solutions to create effective audio and video content is rising globally. As content production showcases immense growth, companies and solution providers are under constant pressure to show a profit. Video is considered one of the most effective ways of customer engagement. The global market has benefited from this trend.

Key players operating in the market are taking key initiatives to strengthen their market presence. For example, Adobe Systems Inc., a global leader in digital media goods and software, is advertising its Adobe Premiere Element software, which is gaining traction as an integrated all-around video solution for editors. To incorporate creativity in their online video material, an increasing number of online businesses, YouTubers, and social media influencers are using audio and video editing tools.

Solution providers and integrators are focusing on their creative software solutions to target small enterprises in order to diversify their revenue sources. Also, some of the firms and start-ups do not have the budget to hire professional video editing organizations, the expanding start-up culture throughout the world is providing incremental possibilities for vendors in the audio and video editing software industry. As a result of the invasion of digital marketing, small-scale companies are getting increasingly ambitious in order to advertise and market their products through compelling online video content.

Due to the worldwide spread of COVID-19, companies are practicing work-from-strategies. COVID-19 has also pushed kids and youngsters to seek entertainment through online video platforms and streaming platforms. Due to the worldwide lockdown, which has resulted in schools and universities being closed for an indefinite time, creative solutions, audio, and video recording and editing software, and digital solutions have seen an increase in popularity.

Image and video editing software is estimated to contribute a market share of 31% in 2021 to the global creative software market. The image and video editing software are downloaded easily with editing tools. The rising adoption of image and video editing software by professionals for editing images and videos is a major factor in the contribution of this segment to the global creative software market. Additionally, increased usage of image and video editing software by individuals using smartphones and advanced innovative tools are popular among the end-users. Moreover, professionals demand advanced editing tools for editing images and videos.

North America dominated the global creative software market in terms of market share in 2021. The region encompasses both developed and developing economies with greater technological infrastructure. Furthermore, a regional high competitive environment is expected to create numerous opportunities for market players and offer a positive market outlook.

The popularity of digital devices, growing foreign investments, and the rise in digitalization of enterprises in economies such as India, Indonesia, and Malaysia is contributing to the growth of the creative software market in the APAC. Additionally, the developed countries in this region are likely to grow significantly owing to the improved technology infrastructure.

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Creative Software Market Report Highlights

• North America made the largest contribution to the global creative software with around 44% share in 2021. The regional growth is attributable to the rising demand for creative software among enterprises and content creators.
• The cloud deployment segment dominated the market with the highest share of 65% of the global market revenue in 2021. This growth is mainly driven by the connectivity and security offered by cloud-based creative software.
• Sound and video recording software captured the largest market share in 2021. The increasing adoption of mobile phones as a result of the growing popularity of social media platforms and other digital channels for content creation and promotion is expected to propel the rise even further.
• Asia Pacific is projected to witness a CAGR of 7.6% from 2022 to 2028 owing to the growing usage of mobile phones and tablets, rapid technical improvements, and the popularity of online streaming.

List of Key Players in the Creative Software Market

• Adobe Inc.
• MAGIX Software GmbH
• Corel Corporation
• CyberLink Corp.
• FXhome Limited
• TechSmith Corporation
• Nero AG
• Movavi Software Limited
• SONY CREATIVE SOFTWARE INC.
• Wondershare group

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Smart Home Services Market Report Focusing On The Basis Of Type, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 28 July 2022: The Report Smart Home Services Market Size, Share & Trends Analysis Report By Type (IoT Services for Control & Connectivity Devices, IoT Services for Security & Surveillance Equipment), By Region, And Segment Forecasts, 2022 – 2028

The global smart home services market size is estimated to reach USD 11.7 billion by 2028 and is expected to expand at a CAGR of 11.2% from 2022 to 2028, according to a new report by Grand View Research, Inc. The growing demand for cognitive systems at smart homes is surging the adoption of installation and maintenance of smart home devices. In addition, customization of smart home devices by professional installers has also supported the expansion in the industry. However, the expensive nature of repair and maintenance services for smart home device is the key factor hindering the growth of the market. Most of the key industry players are adopting partnership and service expansion to capture maximum market share globally. 

The COVID-19 pandemic has positively influenced the industry size. Smart home services have witnessed considerable growth due to the increase in the adoption of smart home services for installation and maintenance of smart home devices during the pandemic situation. According to IoT Analytics, the spending on smart home cloud or infrastructure services has positively grown due to the remote monitoring of patients during the critical time of COVID-19 which has remarkably contributed towards the development of the market. 

The IoT services for smart appliances segment contributed to the global market revenue share of over 60% in 2021. The IoT services for smart appliances help smart homeowners to remain updated with emerging trends and technological developments with professional installers or service providers. Moreover, IoT services for smart appliances help homeowners to customize their smart appliances according to their needs and make home life easier. Thus, its demand is high and contributes more to the market revenue. 

North America accounted for the largest market share of above 35% in 2021. The U.S. was the major country in North America to contribute to the large revenue generation of the smart home services market. According to a survey, around 81% users in U.S. have smart connected homes and one in four owns a smart home device which thereby increase the adoption of installation and maintenance services in this region. The rise in the adoption of smart home services due to growing trends of upgradation and technological development in smart home devices. Thus, it contributes to more revenue generation in North America. 

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Smart Home Services Market Report Highlights

• Asia Pacific is forecasted to grow with the highest CAGR of 12.1% from 2022 to 2028. The increasing adoption of smart home devices due to emerging technology and growing demands for voice control technology along with the increasing rate of installation and maintenance services in emerging markets.
• IoT services for security & surveillance equipment segment likely to register the 2^ndhighest CAGR of 10.8% from 2022 to 2028. IoT services for security & surveillance equipment needs repair and maintenance service after complete installation and setup for smooth operation.

List of Key Players in Smart Home Services Market

• Johnson Controls Inc.
• Lumen Technologies Inc.
• Comcast Corporation
• Telus Corporation
• Vivint, Inc
• ADT Inc
• Charter Communications Inc.
• Trane Technologies plc
• Rexel SA
• Calix, Inc.

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Lipid Market Segment Analysis By Source, Application, Region And Forecast Till 2028 : Grand View Research Inc.

San Francisco, 28 July 2022: The Report Lipid Market Size, Share & Trends Analysis Report By Source (Animal, Plant), By Application (Food & Beverages, Pharmaceuticals, Nutrition & Supplements), By Region, And Segment Forecasts, 2022 – 2028

The global lipid market size is expected to reach USD 13.05 billion by 2028, registering a CAGR of 8.8% from 2022 to 2028, according to a new report by Grand View Research, Inc. Considering the benefits of health and fitness, rising consumption by the aging population in daily diet, and changing lifestyle are driving the market. The increasing vegan, as well as vegetarian population and the developing need to add adequate nutrition to the everyday diet, are positively impelling the demand for lipid supplements all over the world. Moreover, lipids play important role in chronic diseases such as arthritis, asthma, cancer, cystic fibrosis, and diabetes. The global market is extremely competitive, as various players all over the globe are coming up with nutritional ingredients so to increase their reach in the food, beverage, along with pharmaceutical industries.

Due to the COVID-19 pandemic, the need for lipid-based supplements is largely increasing on account of their health advantages. Research and development activities play a vital role in growing the development rate of the lipids market. The company’s focus is largely on these activities for finding novel insights. These insights help in enhancing the revenues of the companies operating in the lipids market.

The plant-based segment dominated the market and contributed to a larger revenue share of around 60.0% in 2021 and is forecast to grow at 9.1% from 2022 to 2028. Plant-based lipids act as an anti-inflammatory, which restricts the hardening of arteries, relieves muscle pain, and improves the physical conditions of the brain, hearts, and other body parts which became reddened, swollen, hot, and painful due to the reaction or infection. Thus, the plant-based segment is expected to drive the market revenue.

Nutrition & supplements application contributes to market revenue of over 20% in 2021 and will register the fastest CAGR of 10.2% from 2022 to 2028. Increased awareness about health and fitness among the citizens. This growth is attributed to the rising consumption of nutrition and supplements by consumers to satisfy and maintain their nutritional intake on a daily basis. Thus, this segment is expected to grow during the forecast period.

Asia Pacific is estimated to account for the highest CAGR of 9.4% from 2022 to 2028 and contributes more than 30% revenue share in 2021. China and India are positively contributing to the market revenue. Growing population, rapidly changing lifestyles, business favorable government policies, and investments by major enterprises are driving the industry growth.

Manufacturers are looking to keep their brand image as well as gain customer loyalty by providing superior quality products. Considering consumption patterns of lipids amongst the customers and examining consumer behavior patterns, major players are providing lipids manufactured from the sources such as plants and animals.

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Lipid Market Report Highlights

• Asia Pacific is estimated to account for the highest CAGR of 9.4% from 2022 to 2028 China and India are positively contributing to the market revenue. Growing population, rapidly changing lifestyles, business favorable government policies, and investments by major enterprises are driving the industry growth.
• The plant-based segment dominated the market and contributed to a larger revenue share of around 60.0% in 2021 and is forecast to grow at 9.1% from 2022 to 2028. Plant-based lipids act as an anti-inflammatory, which restricts the hardening of arteries, and relieves muscle pain.
• Nutrition & supplements application contributed to market revenue of above 20% in 2021 and is expected to register the fastest CAGR of 10.2% from 2022 to 2028. Increased awareness about health and fitness among the citizens.

List of Key Players in the Lipid Market

• Cargill, Incorporated.
• BASF SE
• Archer Daniels Midland Company (ADM)
• Koninklijke DSM N.V.
• Kerry
• Nordic Naturals, Inc.
• Clover Corporation
• Croda International Plc
• Lipoid Kosmetik AG
• Omega Protein Corporation

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Carp Market Outlook On The Basis Of Species, Form, Distribution Channel, Region And Forecast From 2022 to 2028: Grand View Research Inc.

San Francisco, 28 July 2022: The Report Carp Market Size, Share & Trends Analysis Report By Species (Grass, Silver, Common, Bighead, Catla), By Form (Frozen, Canned), By Distribution Channel, By Region, And Segment Forecasts, 2022 – 2028

The global carp market size is expected to reach USD 142.50 billion by 2028, registering a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The rising health concerns towards premature skin aging, bone health, and high prevalence of cardiovascular diseases are accelerating the demand for carp fish around the globe.

The growing demand for premium quality food products due to freshness, diversity of the products, and convenience for food safety are expected to boost the market growth during the forecast period. Furthermore, continuously changing consumers’ dietary patterns and rapid urbanization has expected to boost the demand for protein-rich fish food products, accelerating the market growth. Additionally, technological advancement and development in the supply chain and cold chain of fish products have been projected to propel the market growth during the forecast period.

Moreover, a lockdown situation was observed during the COVID-19 pandemic, and it showed a slight decline in the carp market, owing to the suspended supply chain of the products in various countries. The increased consumer demand for packaged and frozen seafood products from the second quarter of 2020 is due to the rising demand for non-perishable food from the household. Aquaculture and fishery supply chains are susceptible to being disrupted or stopped by measures arising from COVID-19 restrictions.

The common segment is expected to expand with the fastest CAGR of 6.0% from 2022 to 2028. The common is an important source of sustainable seafood coupled with safe and nutritious fish for consumers is propelling the market growth. The increasing demand for common is due to valuable protein sources for human consumption has projected the growth of this segment in the forecast period.

The canned segment is anticipated to expand with the fastest growth rate of 5.9% throughout the forecast period. The growth of the market is mainly due to the increasing consumption of carp seafood due to several health benefits, such as reducing the risk of chronic diseases. In addition to this, continuously changing lifestyles and busy life schedules of consumers are demanding the processed seafood like canned carp, which in turn is gaining popularity among the consumers, thus leading to market growth.

The online segment of the carp market is expected to register the fastest growth during the forecast years, with a CAGR of 6.6%. The rising adoption of the e-commerce sector for the shopping of food products and essential products by consumers due to the internet penetration rate has witnessed a lucrative growth in recent years. Several suppliers of carp are offering products on their websites and the e-commerce platforms, which have projected the market growth during the forecast period.

Asia Pacific made the largest contribution to the global carp market of over 60% in 2021 due to the high consumption in countries like China, India, and Indonesia owing to the rising demand for protein-rich seafood products. Consumers are inclined toward a healthy lifestyle, and the increasing disposable income of people is boosting the demand for healthy and nutritious food products. Especially in China and India, which have a huge consumer base for food products, this has further shown growth in the production of carp products.

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Carp Market Report Highlights

• Asia Pacific is expected to register the largest market share of more than 60% in 2021, owing to the high consumption of seafood like carp products in countries like India, Japan, and China
• Common carp are expected to foresee the fastest growth, with a CAGR of 6.0% from 2022 to 2028, owing to valuable protein sources for human consumption
• Hypermarkets and supermarkets’ distribution channels held the largest market share in 2021, contributing over 40% of the total revenue due to well-established distribution networks across the globe
• Canned is expected to witness the fastest growth, with a CAGR of 5.9% from 2022 to 2028, owing to several health benefits such as reducing the risk of chronic diseases

List of Key Players in the Global Carp Market

• Priory Fishery Ltd
• Hampshire Carp Hatcheries
• Quintons Orchard Fish Farm
• VS Fisheries
• Anhui Fuhuang Sungem Foodstuff Group Co. Ltd.
• Baiyang Investment Group Inc.
• Coarse Fish UK
• Greenwater Fish Farm
• Dahu Aquaculture
• Zhangzidao Group  

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Medical Device Outsourcing Market Focusing On The Basis Of Service, Application, Region And Forecast 2030 : Grand View Research Inc.

San Francisco, 25 July 2022: The Report Medical Device Outsourcing Market Size, Share & Trends Analysis Report By Application (Cardiology, General & Plastic Surgery, IVD), By Service (Contract Manufacturing, Quality Assurance), By Region, And Segment Forecasts, 2022 – 2030

The global medical device outsourcing market size is expected to reach USD 292.93 billion by 2030, registering a CAGR of 12.1% during the forecast period, according to a new report by Grand View Research, Inc. The rising demand for advanced medical products and a growing trend of offshoring are fueling the growth of this market. Various initiatives by public organizations promoting testing for COVID-19 are also enhancing market growth. Regulatory bodies are emphasizing the quality of the healthcare devices provided to the public that is becoming burdensome to handle. To meet the regulatory scenario, various services like regulatory consulting are being utilized by the industry players.

For example, the European Medical Device Regulation undertake special spontaneous inspection of outsourced products to test the quality as well as conformity with standards. Contract manufacturers, especially in developed countries like the U.S., EU nations, and Japan, comply with the international standards for a quality management system, which makes them a preferred option as compared with contract manufacturers in India and China. However, regulatory changes anticipated in developing countries ensure compliance by contract manufacturers. The demand for regulatory compliance is expected to boost the growth of consulting services, such as remediation, compliance, and QMS, thereby contributing to the growth of the market.

Owing to the COVID-19 pandemic, there was a decline in the number of diagnoses for other diseases like cancer and tuberculosis among others. The recovery of COVID-19 is expected to increase the demand for medical devices for diagnosing these diseases. Public organizations across the globe are taking initiatives to increase the production of medical equipment to prevent a future shortage. For instance, in January 2021, U.S. president Joseph Biden, in response to the pandemic preparedness, emphasized improving the gaps in the supply chain by improving the domestic manufacturing of PPE, test kits, and durable medical equipment.

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Medical Device Outsourcing Market Report Highlights

• The contract manufacturing market dominated the global market in 2021 owing to the growing trend of outsourcing by OEMs to third-party manufacturers, especially in emerging countries
• The segment of quality assurance services is projected to exhibit the fastest growth rate over the forecast period due to the increasing trend of outsourcing quality assurance services among emerging countries
• Asia Pacific was the dominant regional market in 2021 owing to lower cost and availability of skilled human resources
• The regional market is estimated to expand further at the second-fastest CAGR during the forecast period
• North America also registered a significant share in 2021 due to well-established infrastructure for manufacturing complex medical devices

List of Key Players of Medical Device Outsourcing Market

• SGS SA
• Labcorp
• Eurofins Scientific
• Pace Analytical Services, Inc.
• Intertek Group Plc
• WuXi AppTec, Inc.
• North American Science Associates, Inc.
• TUV SUD AG
• American Preclinical Services
• Sterigenics International LLC
• Charles River Laboratories International, Inc.
• Medical Device Testing Services
• RJR Consulting, Inc.
• Mandala International.
• Freyr
• Global Regulatory Partners, LLC
• Parexel International Corporation
• Emergo
• Bioteknica
• Accell Clinical Research
• Genpact Ltd.
• Criterium, Inc.
• PRA Health Sciences
• Promedica International
• Medpace Holdings, Inc.
• Icon PLC.
• Iqvia Holdings Inc.
• Integer Holdings Corporation
• Tecomet Inc.
• Jabil Inc.
• Flex Ltd.
• Celestica Inc.
• Sanmina Corporation
• Plexus Corp.
• Phillips Medisize
• Cantel Medical Corp.
• West Pharmaceutical Services, Inc.

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Medical Marijuana Market Segmented On The Basis Of Product Type, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 27 July 2022: The Report Medical Marijuana Market Size, Share & Trends Analysis Report By Product Type (Flower, Oil & Tinctures), By Application (Chronic Pain, Arthritis, Migraine, Cancer, Diabetes, AIDS, Epilepsy, Parkinson’s Disease), By Region, And Segment Forecasts, 2022 – 2030

The global medical marijuana market size is expected to reach USD 65.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 21.6% from 2022 to 2030. It has been identified that, in 2016, Washington D.C. along with 28 states legalized marijuana for medical uses. In 2016, states such as Arkansas, Florida, North Dakota, Ohio, and Pennsylvania were approved to use the drug in medical applications such as chemotherapies and pain management. The growing number of states and countries getting approval for using it in therapeutic applications is one of the crucial factors driving the demand over the coming few years.

The presence of several regulatory frameworks such as the Medical Marijuana Regulation and Safety Act is an indicator of the present demand for the drug in the market. The regulatory framework requires every individual, or the company associated such as growers, retail operators, and makers of processed pot products to obtain permission and an annual state license from 2018. An increasing number of issued licenses is also among the factors that are expected to drive the market.

The increasing interest amongst academic researchers and healthcare providers regarding the therapeutic uses of marijuana is among the significant factors, which is driving the market over the coming years. Some of its potential therapeutic values are suppression of vomiting & nausea, pain relief, and appetite stimulation. In addition, research states that marijuana is effective in providing relief to patients suffering from HIV/AIDS, glaucoma, cancer, and multiple sclerosis. The growing number of therapeutic applications of the drug is one of the key factors that is propelling the market over the forecast period.

COVID-19 affected the medical cannabis industry’s supply chain, it was difficult for many companies to source domestic production, as only a few companies had in-house production. U.S. companies tried to move to find alternative production facilities in countries like India and Mexico. Governments in many countries deemed medical cannabis as essential good, which positively impacted the market. HEROES Act was passed in the House of Representatives which included the SAFE Banking Act, which allowed banks to provide support services to cannabis companies where the use of medical cannabis is legal. Many key players have taken initiatives during the pandemic to be on the top. For instance, In June 2021, Canopy Growth Corporation announced that it has completely acquired the Supreme Cannabis Company, Inc. to enhance the company’s market position and increase production capacity. 

Marijuana was used for medicinal purposes before the 1900s when it was legal, now the government of many countries is taking initiatives due to the proven benefits of marijuana to legalizing the use of cannabis for medical purposes. The factors driving the market are the proven medicinal properties of marijuana, legalization of marijuana in 30 countries, and increased research and development regarding the uses of cannabis. There are two types of medical marijuana available: cannabis Sativa and cannabis Indica, these are legalized in many countries including the Netherlands, Australia, Canada, Chile, Germany, U.S., Italy, Peru, Poland, and Greece for the treatment of chronic diseases, such as neurological diseases, symptoms caused after chemotherapy, and to treat symptoms caused by HIV/AIDS.

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Medical Marijuana Market Report Highlights

• The oil and tinctures segment held a majority of the segment share in 2021 and is also expected to witness the fastest growth rate over the forecast period
• The chronic pain segment dominated the market in 2021 in terms of revenue share due to growing clinical trials using cannabis for treating neuropathic and chronic pain disorders. The growing prevalence of chronic pain elevates the demand for the drug, thus expected to boost the market growth
• North America witnessed a major market share among other regions in 2021. The growing number of cannabis legalization and a rapid increase in the approval and commercialization of medical marijuana in the U.S. and Canada is one of the key factors contributing to its increased demand. The region is expected to witness growth over the forecast period
• Increasing investment in R&D and demand for cannabis in chemotherapy is expected to drive the growth of the market in the Asia Pacific

List of Key Players in the Medical Marijuana Market

• Cara Therapeutics Inc.
• Cannabis Sativa, Inc.
• CannaGrow Holdings, Inc.
• United Cannabis Corporation
• Growblox Sciences, Inc.
• GreenGro Technologies, Inc.
• GW Pharmaceuticals plc
• International Consolidated Companies, Inc.
• Lexaria Corp.

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Aluminum Foil Market Segment Analysis By Product, End-Use, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 26 July 2022: The Report Aluminum Foil Packaging Market Size, Share & Trends Analysis Report By Product (Foils Wraps, Pouches, Blisters, Containers, Others), By End Use (Food & Beverage, Tobacco, Pharmaceutical), By Region, And Segment Forecasts, 2020 – 2028

The global aluminum foil market size is expected to reach USD 39.59 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. The increasing investments in the Electric Vehicle (EV) industry and rising demand for packaging from the food & beverage, and pharmaceutical industries, along with favorable government policies regarding carbon footprint reduction, are driving the market growth.

Governments around the world are encouraging the production of EVs. For instance, in 2021, the French government unveiled an industrial revival plan worth EUR 30.0 billion (~USD 32.1 billion) in sectors such as nuclear & renewable energy sources, electric cars, semiconductors, and robotics, and revive the industrial sector. In this plan, the government has allocated EUR 4.0 billion (~USD 4.3 billion) for transport and mobility, with a target to produce 2 million EVs and hybrid vehicles by 2030.

The aluminum foil is a thin aluminum sheet ranging from 0.006 mm to the upper ISO defined limit of 0.2 mm. Owing to its properties like high thermal conductivity, excellent resistance, low density, the excellent barrier to moisture, and non-absorbent has increased the demand in the various end-use industries. The current trend in the market showcases the rising popularity of wrapper foil, which is anticipated to continue across the forecast period. Due to its lightweight, flexible, and non-toxic characteristics, its demand has been steadily increasing in the packaging industry.

Based on region, Asia Pacific held the largest revenue share of the global market in 2021. In the region, China had the highest revenue share in 2021 but India will register the fastest growth rate in the said forecast period. The growing demand from various end-use industries will propel the use of aluminum foil across the forecast period.

The global aluminum foil market is highly competitive. Key players of the end-use industry are backward integrated and have access to raw materials, have better control over price volatility, and have improved customer access. The year 2021 witnessed investments for capacity expansion and acquisitions. For instance, in April 2021, ANG Lifesciences India acquired Mansa Print and Publisher Ltd. This strategic backward integration is aimed to help expand ANG’s footprint in the pharmaceutical business.

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Aluminum Foil Market Report Highlights

• Based on product, container foils are anticipated to register the fastest CAGR of 6.5%, in terms of revenue, from 2022 to 2030, owing to increasing urbanization, the rise in the working population, and the corresponding rise in demand for packaged food
• Based on end-use, the packaging is anticipated to register a CAGR of 5.9%, in terms of revenue, from 2022 to 2030, since aluminum foil packaging is consumed by the food & beverage, and pharmaceutical industries
• The packaging end-use segment is further divided into food & beverage, tobacco, pharmaceutical, and others. Food & beverage is likely to register the highest CAGR of 6.0%, in terms of revenue during the forecast period. Growth is attributed to the growing demand for takeaway and processed food
• Based on region,Asia Pacific is expected to register the highest CAGR of 6.2%, in terms of revenue, over the forecast period. Rising emphasis on the EV industry and increasing production of packaged food is propelling growth in the region

List of Key Players in the Aluminum Foil Market

• ACM Carcano
• Amcor
• Assan Aluminyum
• Ess Dee Aluminium
• Eurofoil
• Hindalco Industries Limited
• Huawei Aluminium
• Laminazione Sottile
• Shanghai Metal Corporation
• UACJ Foil Corporation
• Xiamen Xiashun Aluminium Foil Co., Ltd
• Zhejiang Junma Aluminum Industry

Access Press Release of Aluminum Foil Market @ https://www.grandviewresearch.com/press-release/global-aluminum-foil-market 

Ethnic Food Market Outlook On The Basis Of Type, Distribution Channel, Region And Forecast From 2022 to 2028: Grand View Research Inc.

San Francisco, 26 July 2022: The Report Ethnic Food Market Size, Share & Trends Analysis Report By Type (Chinese, Japanese, Mexican, Italian), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Grocery Stores, Online), By Region, And Segment Forecasts, 2022 – 2028

The global ethnic food market size is expected to reach USD 70.8 billion by 2028, registering a CAGR of 8.7% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for ethnic food cuisines in developed regions is propelling the industry demand. Globalization and increasing migration are major factors driving the growth of the market, which is also facilitated by the increasing food promotion via various media platforms. Number of ethnic food consumers is growing worldwide with rising number of migrants around globe. As international trade, tourism, and immigration have increased globally, the part of ethnicity has become more significant not only in business but also in food industry.

Covid-19 pandemic outbreak impacted negatively on market growth. During the pandemic, as a result of various lockdowns and restrictions, hotel industry and foodservice sector remained closed and faced serious problems to generate income. Numerous businesses had to close as an aftermath with lack of customers. Some businesses launched home delivery options to stay afloat. However, over the forecast period, market is expected to return to pro-covid conditions and register strong growth over the forecast timeframe.

By type, the Chinese segment contributed highest revenue share of around 40.0% in 2021. The highest segmental share is attributed to the growing demand for Chinese cuisine across the globe. Rising demand for Chinese cuisine from developed region such as Europe is prime factor for the growth of this segment. Furthermore, number of migrants from Asian countries, especially China, owing to higher studies, tourism, and employment opportunities to other nations is higher and continuously rising. This leads to higher consumption of home country cuisines which in turn is augmenting industry demand. 

By distribution channel, the online segment is estimated to witness highest CAGR of 9.6% over the forecast period. The increasing dependency on the digital apps and technology is rising tremendously. Online shopping for food items and grocery is also increasing, owing to the increasing consumer preference. Moreover, emergence of new platforms and increasing affordability of smartphones coupled with the rising penetration of internet is facilitating the growth of the online distribution channel over the forecast period.

By region, Europe accounted for the highest revenue share of over 30.0% in 2021. The market share dominance of the region is credited to the presence of majority of migrants in countries such as the U.K., Germany, and France, etc., due to tourism, higher education, and superior employment opportunities. Also rising consumption of nutritious ethnic based food owing to rising health consciousness among people is boosting the growth of the market.

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Ethnic Food Market Report Highlights

• Asia Pacific is expected to register the 2^ndhighest CAGR of 9.2% from 2022 to 2028 owing to increasing demand for ethnic foods such as Chinese, Japanese, etc. from countries such as China, Japan, and India
• The Mexican segment is expected to register the 2^ndhighest CAGR 8.8% over the forecast period. Increasing awareness and the high level of popularity in the U.S. is credited for the growth of the Mexican type ethnic food
• The hypermarkets and supermarkets segment held the largest revenue share of more than 35.0% in 2021. Rapid expansion across world and strong availability of products at hypermarkets and supermarkets are factors credited for the large market share of the segment 

List of Key Players of Ethnic Food Market

• Associated British Foods PLC
• General Mills, Inc.
• Ajinomoto Co. Inc.
• McCormick & Company Inc.
• Orkla ASA
• ARYZTA AG
• Paulig Group
• The Spice Tailor
• Asli Fine Foods

Access Press Release of Ethnic Food Market @ https://www.grandviewresearch.com/press-release/global-ethnic-food-market