Musical Instrument Market Overview By Type, Distribution Channel, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 30 April 2024: The Report Musical Instrument Market Size, Share & Trends Analysis Report By Type (Stringed, Percussion, Wind, Keyboard), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2023 – 2030

The global musical instrument market size is anticipated to reach USD 25.13 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.4% from 2023 to 2030. The growth is expected to be driven by a rise in the adoption of digital musical instruments over the projected timeframe. Due to the variety of sounds generated by the instrument’s electronic circuitry, musicians who are familiar with using only one instrument can benefit from a full studio environment. As a result of this factor, the millennial generation is more likely to pursue music as a hobby or a career, which will spur market expansion over the coming years.

Music courses are being offered as part of the curriculum in schools and institutions to promote the music profession. Many academic institutions also offer graduate as well as post-graduate music programs, such as film scoring and jazz studies. In addition, Yamaha, a key player in the market, operates Yamaha Music Schools in different regions, where students not only learn music but also receive musical instruments from the company. Such activities are anticipated to boost the overall growth of the music industry, which may accelerate market growth.

The expansion of the musical instrument market in recent years has inspired and compelled new entrants to establish themselves in customized markets. The effectiveness of advertising campaigns, the popularity of digital instruments, and technological developments in manufacturing techniques are some of the major growth drivers of the market. In addition, the global market for musical instruments benefits from an increase in disposable income and consumer spending power.

The COVID-19 pandemic has largely impacted the demand for musical instruments globally as the majority of businesses suffered due to stringent government measures such as lockdowns to curb the Coronavirus transmission. Except for essential services, other business operations and productions came to a standstill as the industries were advised to shut down to prevent the virus from spreading globally. Also, the demand for musical instruments was disrupted globally as musical accessories retailers were forced to shut down their businesses as per the regulatory norms globally.

The pandemic negatively impacted the demand for musical instruments including percussion, stringed, and wind instruments due to the sudden cancellation of musical events and concerts. COVID-19 negatively impacted the global musical instruments industry. However, the market is expected to gradually return to pre-pandemic levels as people resume normal life and prefer attending live concerts and shows after a long gap. This trend is anticipated to positively impact the market during the forecast period.

The global market for musical instruments is anticipated to grow during the forecast period as manufacturers across the globe increase their research and development expenditures. Major players also focus on strategies such as product portfolio expansions, workshops, and capacity expansions to gain a competitive edge in the market. Additionally, the increase in consumer demand for innovative musical instruments is also anticipated to impact the expansion of the global industry.

The majority of musical instruments are costly because they are made with premium raw materials and necessitate a significant amount of skill to make. This fact prevents many people from purchasing musical instruments because they may believe that doing so would be a waste of money. Many people consider purchasing an instrument but decide against it because they fear they would not have enough time to learn to play it. This is anticipated to be a restraining factor during the forecast period.

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Musical Instrument Market Report Highlights

• The stringed segment dominated the global market with the highest revenue share in 2021, due to the rising popularity of guitars among millennials as well as an increase in purchasing power among consumers
• The demand for keyboards is expected to increase significantly during the forecast period owing to the rising popularity of classical music
• Asia Pacific led the global market with the highest revenue share in 2021 owing to the presence of a large number of players such as Guangzhou Pearl River, Kawai, and Yamaha Corporation in China and Japan

Musical Instrument Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 15.23 billion
Revenue forecast in 2030	USD 25.13 billion
Growth Rate (Revenue)	CAGR of 7.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in the Musical Instruments Market

• Casio Computer Co., Ltd.
• F. Martin & Co., Inc.
• D’addario & Company, Inc.
• Eastman Music Company
• Fender Musical Instruments Corporation
• Kawai Musical Instruments Mfg. Co., Ltd.
• Roland Corporation
• Steinway & Sons
• Yamaha Corporation
• Yanagisawa Wind Instruments Co., Ltd.

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Direct Selling Market Segment Analysis By Product, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 30 April 2024: The Report Direct Selling Market Size, Share & Trends Analysis Report By Product (Health & Wellness, Cosmetics & Personal Care, Household Goods & Durables), By Region, And Segment Forecasts, 2023 – 2030

The global direct selling market size is expected to reach USD 328.26 billion by 2030, registering a CAGR of 6.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The consumers’ increasing desire to inspect and authenticate products before purchase is driving the global industry. As a consequence of the internet ecosystem and changing client demands, new business models have arisen, resulting in the emergence of direct-to-consumer (D2C) distribution channels. For product and service marketing, direct selling has emerged as a dynamic and rapidly developing way of distribution.

Direct selling organizations have been effective in supplying new things on a regular basis in order to reach the majority of the consumer base over the previous many years. In order to fulfill the changing needs of today’s consumers, businesses have been developing new product versions. By increasing their brand portfolio, direct selling organizations have been able to cater to a large audience with a variety of product preferences. Direct selling provides an extra source of income for a large number of people and fosters micro-entrepreneurship.

Direct selling witnessed an increase in the usage of internet tools and video meetings during the global pandemic of 2020, as well as a welcome boost in social interaction for customers who were separated due to national lockdowns. The worldwide health crisis, according to the DSA, increased customer demand for health and wellness items, and direct selling gave home-bound entrepreneurs a method to supplement their income.

The health and wellness category led the worldwide market, owing to the rising incidence of chronic diseases among the global population. Stress, anxiety, diabetes, and other health problems have increased as a result of consumers’ sedentary and rushed lifestyles. Furthermore, a lack of a sufficient diet has resulted in lesser consumption of vital nutrients and minerals required for the healthy and active functioning of the human body. As a result, the use of health and wellness goods such as vitamins and supplements, as well as other nutritional items, has increased.

In 2022, Asia Pacific dominated the global market, owing to increased healthcare and cosmetics expenditure. Direct sellers are gaining popularity in emerging economies, notably in lower-tier cities in China, India, and Indonesia. In 2022, North America accounted for a substantial portion of the market. The existence of multiple players is driving the region’s growth, as is an increasing desire for extra income through direct marketing. Furthermore, increased disposable income, in combination with government initiatives, is expected to support regional market growth in the coming years.

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Direct Selling Market Report Highlights

• The Asia Pacific led the global market, accounting for the majority of total sales. The growth of the regional market is driven by the rising adoption of health & wellness and cosmetics products
• The cosmetics and personal care section of the worldwide market is expected to increase at a rapid pace. The category is predicted to grow at a CAGR of 7.4% over the forecast period on account of rising knowledge of skincare regimens, as well as innovative product branding and promotion tactics
• In 2022, North America accounted for a notable market share. The existence of multiple players is driving the region’s growth, as is an increasing desire for extra money through direct selling. Furthermore, increased disposable income, in combination with government initiatives, is expected to support regional market growth in the coming years

Direct Selling Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 211.55 billion
Revenue forecast in 2030	USD 328.26 billion
Growth rate, Value	CAGR of 6.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in Direct Selling Market

• Amway Enterprises Pvt. Ltd.
• Herbalife Nutrition Ltd.
• Avon Products, Inc.
• Vorwerk
• Nu Skin Enterprises
• Tupperware Brands Corporation
• Oriflame Holding AG
• Belcorp
• Mary Kay Inc.
• Cutco Corporation

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Textile Flame Retardants Market Trends Analysis Report By Product, Application, Type, Technology, End-use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 30 April 2024: The Report Textile Flame Retardants Market Size, Share & Trends Analysis Report By Product (Halogenated, Non-halogenated), By Application, By Type, By Technology, By End-use, By Region, And Segment Forecasts, 2022 – 2030

The global textile flame retardants market size is expected to reach USD 717.0 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 3.6% during the forecast period. The market growth is attributed to the rise in product demand from end-use industries such as industrial manufacturing, transportation, and defense. Flame retardants are chemicals used to retard flame propagation in textiles, plastics, building & construction, electrical & electronics, transportation, and defense applications. They exhibit different chemical compositions and are classified into halogenated and non-halogenated types.

In addition to increased scrutiny from regulatory agencies around the world, developments in chemical sciences have increased the demand for the product. Regulations aimed at reducing the risk of fires have also been implemented as a result of this. In the creation of textile materials with flame retardants integrated, a variety of retardants, including aluminum trihydroxide, brominated, chlorinated, antimony oxides, and organophosphorus, are used. They are used in the production of styrene, epoxy resins, engineering thermoplastics, and polyolefins.

Significant R&D activities focused on developing new offerings for the market have led to the introduction of bio-based products. This is projected to upsurge product demand, thereby further expanding its application scope. However, the market for bio-based products is still in the nascent phase and is projected to grow in line with commercialization and consumer cognizance. 

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Textile Flame Retardants Market Report Highlights

• The brominated product type accounted for around 70.0% revenue share in the halogenated product segment in 2021. The growth is attributed to the increase in product consumption in the treatment of furniture cushions, lampshades, curtains, privacy curtains, and drapery
• The PU segment is anticipated to expand at the highest CAGR of 5.9% from 2022 to 2030 in terms of revenue, owing to its use in various applications, which include textile coatings, fibers, and foams
• The durable type segment held around 54% of the revenue share in 2021. Durable type products include materials that form cross-linked structures on the fiber or react covalently with the fiber
• The foam coating segment is anticipated to advance at 4.4% CAGR during the forecast period owing to its use to inhibit or retard combustion of flammable constituents, including foam
• The industrial end-use segment has emerged as one of the prominent segments and is anticipated to expand at 3.5% during the projected period, owing to the use of flame retardants in construction and manufacturing activities
• The Asia Pacific product market is driven by improved safety measures against fire, high demand from end-use industries, favorable government initiatives, and technological developments in developing economies. Flame retardants are used for producing workers’ uniforms in the mines
• Evolution of organophosphorus compounds owing to their enhanced flame retardancy properties is expected to present new opportunities for the phosphorus-based product market in the near future, especially in Europe and North America

Textile Flame Retardants Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 545.6 million
Revenue forecast in 2030	USD 717.0 million
Growth rate	CAGR of 3.6% from 2022 to 2030
Base year for estimation	2021
Historical data	2018 – 2020
Forecast period	2022 – 2030

List of Key Players of Textile Flame Retardants Market

• Albemarle Corporation
• ICL
• Lanxess A.G
• Clariant International Ltd.
• Italmatch Chemicals S.p.A
• Huber Engineered Materials
• BASF SE
• Thor Group Ltd
• Avocet Dye & Chemical Co. Ltd.

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Bromelain Market Scope By Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 April 2024: The Report Bromelain Market Size, Share & Trends Analysis Report By Application (Healthcare, Meat & Seafood, Dietary Supplements), By Region, And Segment Forecasts, 2022 – 2030

The global bromelain market size is projected to reach USD 45.09 million by 2030, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 7.1% from 2022 to 2030. The market growth is majorly driven by the growing inclusion of the product in the healthcare, pharmaceutical, and dietary supplements industries due to its numerous health benefits.

Bromelain is a naturally occurring enzyme found in pineapple and the stem of pineapple. It is a type of proteolytic enzyme. The enzyme has numerous health benefits and has been used in indigenous medicine by tropical tribes. It has found its place in modern medicine too. It has been found as a very effective anti-inflammatory agent against allergies, one among its numerous benefits.

In the cosmetic industry, the product has found its place as a skin whitener and exfoliator. Its organic source makes it desirable and highly demanded in the contemporary world. Bromelain has no side effects and it has also been found to help the fast recovery of burn wounds and remove dead skin cells from wounds.

Another prominent application of bromelain is found in the meat and seafood industry. The increase in the consumption of meat and seafood globally has consequently increased the demand as it is used as a tenderizing agent as the enzyme present in bromelain hydrolyzes the proteins of the tough meat making it tender and pleasurable to eat.

Europe emerged as the second-largest market in 2021. The growth is attributed to the high consumption of meat and seafood and the increased R&D activities by the key companies in the region. Although the major production of bromelain takes place in tropical countries such as Thailand and the Philippines in Asia Pacific, most of the research, development, and product enhancement activities take place in Europe and North America. This makes them major contributors to revenue in the global market.

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Bromelain Market Report Highlights

• The dietary supplement application segment is anticipated to display profligate growth with a CAGR of 7.4%, in terms of revenue, from 2022 to 2030. This is attributed to increasing awareness among the people about nutrition supplements and self-care and also to increasing purchasing power of the people
• The healthcare application segment is also expected to showcase a CAGR of 7.3% in terms of revenue, from 2022 to 2030. This is owing to the utilization of bromelain in numerous treatment medicines such as for cancer, rheumatoid arthritis, and HIV. Bromelain has no or minimal side effects due to its natural roots, which contributes to the growth of the segment
• The Asia Pacific region is estimated to have an exponential CAGR of 7.9%, in terms of revenue, from 2022 to 2030 as the region is a major supplier of bromelain. The increased purchasing power of the people due to economic development is also contributing to the growth of the regional market
• The Central & South America region is anticipated to witness a rapid CAGR of 7.5%, in terms of revenue, from 2020 to 2030, owing to the presence of untapped market opportunities and increasing purchasing power of the people due to the development of economies in the region
• Key participants dominating the industry are Hong Mao Biochemicals Co., Ltd, Enzybel International SA, and Great Food Group of Companies

Bromelain Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 26.40 million
Revenue forecast in 2030	USD 45.09 million
Growth Rate	CAGR of 7.1% from 2022 to 2030 in terms of revenue
Base year for estimation	2021
Historical data	2018 – 2020
Forecast period	2022 – 2030

List of Key Players in the Bromelain Market

• Hong Mao Biochemicals Co., Ltd.
• Enzybel International SA
• Great Food Group of Companies
• Enzyme Technologies
• Guangxi Nanning Javely Biological Products Co. Ltd.
• Nanning Pangbo Biological Engineering Co., Ltd.
• Nanning Doing Higher Bio-Tech Co. Ltd.
• Changsha Natureway Co., Ltd.
• Biozym Gesellschaft fur Enzymtechnologic mbH
• Ursapharm Arzneimittel GmbH

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Digital Healthcare Supply Chain Management Market Demand By Product, Deployment, End-use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 April 2024: The Report Digital Healthcare Supply Chain Management Market Size, Share & Trends Analysis Report By Product (Hardware, Software, Services), By Deployment (Web-based, Cloud-based, On-premise), By End-use, By Region, And Segment Forecasts, 2024 – 2030

 The global digital healthcare supply chain management market size is anticipated to reach USD 5.4 billion by 2030 and it is projected to grow at a CAGR of 9.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Major factors driving the market growth include adopting the GS1 standard system and UDI, emerging cloud-based solutions, and the growing need to reduce operating costs.

Moreover, the increasing adoption of mobile-based healthcare supply chain management (SCM) solutions contributes to market growth over the forecast period. Mobile apps have become an essential part of SCM solutions. GPS-enabled mobile applications have made supply chain management easier for logistic companies in developed and emerging countries. These apps use mobile devices and sensors to track vehicles, providing better visibility of the entire SCM. For example, Curvo, a sourcing technology application for implants and physician preference items, is designed to enhance supply chain efficiency. The app eliminates manual work by automatically sourcing work from connected vendors, and e-sourcing project management.

The COVID-19 pandemic positively impacted the market growth. The healthcare industry faced substantial shifts and obstacles during the crisis. The pandemic fueled the adoption of telehealth services, as digital supply chain systems played a vital part in facilitating the distribution of virtual healthcare solutions, including telemedicine equipment and remote monitoring devices. Additionally, the importance of data-driven decision-making increased significantly. Key companies in the market integrated advanced analytics to predict demand, improve inventory management, and enhance distribution efficiency.

Moreover, key players in the market, such as Mckesson Corporation, Oracle. SAP and Mediceo Corporation, among others, are engaging in strategic initiatives such as partnerships, collaborations, new product launches, acquisitions, and expansions to strengthen their market position. For instance, in October 2022, Oracle introduced Oracle Cloud SCM, a healthcare industry specific supply chain solution. The Oracle Cloud SCM assists clinics and hospitals to plan more effectively, manage responsive supply chains, and improve the quality of care.

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Digital Healthcare Supply Chain Management Market Report Highlights

• Based on products, the software segment dominated the market in 2023 and is expected to witness the fastest CAGR of 9.3% over the forecast period owing to the increasing adoption of software as a service, which offers cloud computing applications for supply chain management and enterprise resource planning
• Based on deployment, the cloud-based segment held the market with the largest revenue share of 40.43% in 2023, and is anticipated to grow at the fastest-CAGR over the forecast period, owing to the increasing adoption of user-friendly technology and cost-effectiveness
• Based on end-use, the pharmaceutical segment held the market with the largest revenue share of 36.24% in 2023, driven by the need to comply with strict product tracking and tracing regulations throughout the supply chain
• North America dominated the market with a revenue share of 32.87% in 2023, owing to the need for enhanced digital supply chain efficiencies and the adoption of technological advances facilitating overall cost reduction

Digital Healthcare Supply Chain Management Report Scope

Report Attribute	Details
Market size value in 2024	USD 3.2 billion
Revenue forecast in 2030	USD 5.4 billion
Growth rate	CAGR of 9.0% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players of Digital Healthcare Supply Chain Management Market

• Palantir Technologies, Inc.
• InterSystems Corporation
• ump Technologies, Inc.
• Tecsys
• LogiTag Systems
• Mckesson Corporation
• Oracle
• SAP
• Infor
• Terso Solutions
• CenTrak (HALMA plc)
• Biolog-ID
• Mediceo Corporation

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Pet Insurance Market Latest Report By Coverage Type, Animal Type, Sales Channel, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 29 April 2024: The Report Pet Insurance Market Size, Share & Trends Analysis Report By Coverage Type (Accident-only, Accident & Illness), By Animal Type (Dogs, Cats), By Sales Channel (Agency, Broker, Direct), By Region, And Segment Forecasts, 2024 – 2030

The global pet insurance market size is expected to reach USD 29.94 billion by 2030, registering a CAGR of 14.15% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factor driving the industry growth includes increasing veterinary care costs as a result of advancements in medical technology and treatments. Thus, pet owners are seeking insurance to help cover these expenses. According to the American Pet Products Association (APPA), the total pet spending in the U.S. alone was estimated to reach a record high of over $100 billion in 2023. This includes expenses, such as pet food, supplies, over-the-counter medications, veterinary care, and other services. The increasing trend in pet spending reflects the growing importance of pets in people’s lives and the willingness of pet owners to invest in the well-being of their animals.

Furthermore, pet insurance providers are offering a wider range of coverage options, including customizable plans that cater to different needs and budgets, making insurance more accessible and attractive to pet owners. For instance, in August 2023, Nationwide launched its most cutting-edge pet protection product, empowering pet owners to tailor coverage in each category to suit their pet’s requirements and financial constraints. The introduction of highly customizable pet insurance plans signifies a significant trend in the market. This innovative approach recognizes the diverse needs of pet owners and their animals, providing a flexible and personalized solution. As pet insurance becomes more tailored and adaptable, it is likely to attract a broader audience, fostering increased adoption rates. This trend emphasizes the industry’s commitment to meeting individualized customer needs and contributes to the overall growth and evolution of the market.

In addition, increased regulatory support and legislation advocating for pet welfare are expected to drive the demand for pet insurance, as owners seek to comply with legal requirements and provide the best possible care for their pets. For example, in some European countries, pet insurance is not mandatory, while in others, it may be required by law. The National Association of Insurance Commissioners (NAIC) has developed a Pet Insurance Model Act to create regulatory guidance for states regarding pet health insurance. Moreover, some regulations, such as mandatory microchipping or pet travel requirements, have made certain forms of insurance a necessity. For example, the EU Pet Travel Scheme necessitates compliance with specific health and identification measures when traveling with pets. This has directly increased the demand for pet insurance to meet these regulatory obligations.

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Pet Insurance Market Report Highlights

• The accident & illness coverage type segment dominated the market with a share of about 84.94% in 2023 and is anticipated to grow at the fastest CAGR of 16.95% from 2024 to 2030. Since pet accidents and illnesses are more common, posing a significant financial strain on pet owners, which results in a higher need for pet insurance
• The dogs segment attributed to the largest market share in 2023 in terms of animal type. The other animal type segment includes small mammals, horses, reptiles, & birds, and is projected to grow at the fastest CAGR from 2024 to 2030
• By sales channel, the direct sales segment held the highest share in 2023 and is estimated to grow at the fastest CAGR from 2024 to 2030
• Europe held the largest share of about 44.19% of the overall market in 2023. Asia Pacific is anticipated to grow at the fastest CAGR of about 6.63% from 2024 to 2030
• The rising number of pet adoptions globally is a major factor driving market growth. In addition, there is a growing awareness and concern among pet owners about their pets’ health, leading to an increased demand for pet insurance

Pet Insurance Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 13.53 billion
Revenue forecast in 2030	USD 29.94 billion
Growth rate	CAGR of 14.15% from 2024 to 2030
Actual data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players in Pet Insurance Market

• Trupanion, Inc.
• Deutsche Familienversicherung AG (DFV)
• Petplan (Allianz)
• Animal Friends Insurance Services Limited
• Figo Pet Insurance, LLC
• Direct Line
• Nationwide Mutual Insurance Company
• Embrace Pet Insurance Agency, LLC
• Anicom Insurance
• ipet Insurance Co., Ltd.
• MetLife Services and Solutions, LLC
• Pumpkin Insurance Services Inc.

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Japan Cross-border E-commerce Market Scope By Platform, Application And Forecast To 2030: Grand View Research Inc.

San Francisco, 29 April 2024: The Report Japan Cross-border E-commerce Market Size, Share & Trends Analysis Report By Platform (B2B, B2C, C2C), By Application (Food & Beverage, Personal Care, Furniture & Appliances, Toys, hobby & DIY), And Segment Forecasts, 2023 – 2030

The Japan cross-border e-commerce market size is expected to reach USD 5.09 billion by 2030, expanding at a CAGR of 6.9% from 2023 to 2030, according to a study conducted by Grand View Research, Inc. The significant traction achieved by the e-commerce industry over the past years is a testimony to how the internet has transformed the way goods and services are traded in the market. Several factors, including the increasing penetration of smartphones, access to high-speed internet, rising disposable incomes, and the growing user base of social media platforms, have helped the e-commerce industry gain increasing popularity across the globe over the years. Furthermore, by ensuring a safe and secured online platform to pay easily via payments gateway, banks and other market players have completely changed the shopping experience for customers.

The increasing urban population is contributing to the growth of the cross-border e-commerce market in Japan. People living in urban cities and towns have higher disposable incomes and better internet connectivity, which aids the use of e-commerce websites for shopping. Moreover, the urban population is putting increased emphasis on convenience and prefers online shopping over traditional in-store shopping. Such factors are also anticipated to power the market’s growth over the forecast period.

Furthermore, increasing penetration of the internet is anticipated to be one of the major factors contributing to the increased use of e-commerce channels for shopping in the country. According to studies, Japan ranks seventh in the global list of countries with the highest number of internet users. As of June 2019, an estimated 93% of Japan’s population used the internet. The country has witnessed a 152% growth in the number of internet users from 2000 to 2019. The high degree of internet penetration, coupled with the advent of 4G technology, is anticipated to drive the market in the country over the next six years.

The availability of information on the internet is another factor that is driving the market’s growth. It allows customers to compare product prices across different countries, helping them land better deals. Similarly, sellers can earn more profits by selling products to countries that have a higher demand for specific products. Thus, internet penetration is an imperative factor influencing the growth of the market.

Stringent rules and regulations governing the e-commerce industry in the country are expected to pose a threat to the market over the forecast period. The Civil Code, the Consumer Contract Act, and the Act on Specified Commercial Transactions are the major legislative acts concerning the e-commerce industry in the country. Additionally, the Ministry of Economy, Trade and Industry (METI) has formulated the Interpretative Guidelines on Electronic Commerce and Information Property Trading to clarify how these laws are applied to different issues related to buying and selling of products via e-commerce channels in the country. In addition to the above-mentioned regulations, users or companies that import/export products to and from a foreign country via e-commerce channels have to comply with the regulations specific to those countries.

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Japan Cross-border E-commerce Market Report Highlights

• Online shopping is gaining momentum in the country owing to the simple nature of the online buying process as compared to traditional in-store shopping. In order to further simplify the shopping experience, several e-commerce websites have launched their own mobile applications to promote online shopping through mobile phones. Several foreign companies using e-commerce channels to reach Japanese businesses and customers are launching apps that support the Japanese language
• The toys, hobby & DIY segment is expected to expand at the fastest CAGR of 7.9% during the forecast period. Japan is renowned for its anime, manga, and gaming culture.
• Companies are expected to focus on providing quality products from well-known brands from the U.S. and Europe in categories such as personal care and fashion. Product availability partnerships with distributors in Japan are expected to remain a key strategy among key vendors in the coming years

Japan Cross-border E-commerce Market Report Scope

Report Attribute	Details
Revenue forecast in 2030	USD 5.09 billion
Growth rate	CAGR of 6.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in Japan cross-border e-commerce Market

• com, Inc.
• Rakuten Group, Inc.
• com, Inc.
• Yahoo! Japan
• Apple Inc.
• com
• Yodobashi Camera Co., Ltd.

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Light Gauge Steel Framing Market Trends Analysis Report By Type, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 April 2024: The Report Light Gauge Steel Framing Market Size, Share & Trends Analysis Report By Type (Skeleton Steel Framing, Wall Bearing Steel Framing), By End-use (Commercial, Residential), By Region, And Segment Forecasts, 2023 – 2030

The global light gauge steel framing market size is anticipated to reach USD 52.73 billion by 2030, registering a CAGR of 5.1% over the forecast period, according to a new report by Grand View Research, Inc.

The substantial rise in construction spending and a shift in the trend toward sustainable materials have contributed to higher energy efficiency at a lower cost, which in turn is driving the demand for light gauge steel frames. Rapid urbanization coupled with the rising disposable income in developed and emerging economies such as China, India, Brazil, and Southeast Asian countries, among others, is anticipated to drive the construction of residential buildings, industries, and commercial spaces in these nations, stimulating the growth of light gauge steel framing market.

Light gauge steel framing is one of the pivotal structural materials and has been among the essential constructional materials. Advantages such as lightweight, better stability, and shorter completion time have been instrumental in increasing the demand for light gauge steel framing. Moreover, its applicability in various types of construction, such as residential buildings, warehouses, and skyscrapers, has been a major driving factor for the growth in its demand over the last few years. The consistent growth in the number of commercial, residential, and industrial construction projects worldwide and ever-shrinking completion timelines are anticipated to boost the light gauge steel framing industry growth over the forecast period.

In the coming years, light gauge steel framing is estimated to have a broader application in commercial and industrial buildings, given the ability to build aesthetic designs and improved strength of framing material, facilitating its use in the construction of strong and eye-pleasing buildings. Light gauge steel framing was widely adopted during the COVID-19 pandemic in several countries to build emergency infrastructure such as hospitals, testing centers, vaccination centers, and supportive housing facilities. During the pandemic, five hundred modular and prefabricated homes were built using light gauge steel framing for homeless residents in San Jose, California.

Asia Pacific dominated the market in 2022 and is expected to remain the fastest-growing market from 2023 to 2030. A healthy spread of construction activities supports the stability of the Asian markets, with government intervention boosting a majority of projects for infrastructure development. Furthermore, the segment is expected to witness substantial growth owing to increasing demand for retail spaces. Additionally, the Middle East is also expected to remain an important market on account of its vast construction sector and several upcoming important construction projects in the region.

Access Research Report of Light Gauge Steel Framing Market @ https://www.grandviewresearch.com/industry-analysis/light-gauge-steel-framing-market

Light Gauge Steel Framing Market Report Highlights

• Based on type, the skeleton steel framing segment is anticipated to grow at the highest CAGR of 5.6% over the forecast period. Skeleton steel framing is being extensively used in constructing multi-story buildings to impart strength to the building foundation
• The residential end-use segment accounted for the largest share of about 44% in 2022 and is expected to grow significantly during the forecast period. The growth of the segment can be attributed to the rising adoption of light gauge steel framing in residential buildings due to improved material strength
• Asia Pacific is expected to register the highest CAGR of 6.0% from 2023 to 2030. This is ascribed to the increasing construction activities across the commercial sector in China, India, and Japan

Light Gauge Steel Framing Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 37.27 billion
Revenue forecast in 2030	USD 52.73 billion
Growth rate	CAGR of 5.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players of Light Gauge Steel Framing Market

• Arkitech Advanced Construction Technologies
• Tata BlueScope Steel
• CEMCO
• ClarkDietrich Building Systems
• Hadley Group
• Genesis Manazil Steel Framing
• Precision Walls Inc.
• QSI Interiors Ltd.
• Metek U.K. Limited
• Intelligent Steel Solutions Ltd
• Steel Frame Solutions
• WARE Industries, Inc.
• SCAFCO Steel Stud Company
• The Steel Network Inc
• Craco Manufacturing, Inc

Access Press Release of Light Gauge Steel Framing Market @ https://www.grandviewresearch.com/press-release/global-light-gauge-steel-framing-market

Oleoresin Market Scope By Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 26 April 2024: The Report Oleoresin Market Size, Share & Trends Analysis Report By Product (Paprika, Black Pepper, Capsicum), By Application (Food, Beverage, Fragrances, Pharmaceutical), By Region, And Segment Forecasts, 2024 – 2030

The global oleoresin market size is anticipated to reach USD 2.83 billion by 2030 and is anticipated to expand at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the growing use of spice oleoresins for coloring and flavoring and is projected to drive the market growth.

Oleoresins, derived from specific spices like turmeric and paprika, are highly valued not only for flavor-enhancing properties but also for vibrant coloring attributes. These products find extensive applications in salad dressings and as coloring agents in pickled products. Oleoresins are particularly suitable for high-temperature food processing methods such as baking and frying. Furthermore, their solubility characteristics make them widely used additives in the food industry.

Moreover, the flavor of the product may not be equivalent to their corresponding essential oils. Although, the product is thick, viscous, and contains concentrations of colored pigments, it generally imparts less color to finished products as compared to the corresponding spices as they are used in lesser quantity in varied applications.

Furthermore, growing confectionery & baked food products demand in developed as well as developing regions is presumed to aid the growth in the near future. Changing dietary trends and food consumption patterns are expected to aid the confectionery & baked food along with beverages demand. In addition, growing demand among consumers for packaged spices and spice mixes in food applications has also assisted the market over the forecast period.

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Oleoresin Market Report Highlights

• The black pepper segment dominated the market with more than 25.46% share in 2023. It is widely utilized in food products owing to its pungent taste and spicy aromatic properties
• The food application segment is anticipated to grow at the fastest CAGR over the forecast period. This is attributed to the wide utilization of oleoresins in the food industry, particularly in various applications such as marinades, meat preparations, gourmet foods, and convenience food products
• Europe dominated the global market owing to the fact that various end-use industries in Europe, such as personal care & cosmetics, perfumery, and pharmaceuticals, extensively incorporate it into their products. Increasing demand for oleoresins has also resulted in their higher import rate
• In May 2023, Mane Rancor, a subsidiary of the French MANE Group launched its largest manufacturing facility in Byadgi, Karnataka, India. This facility is known for having the largest chili market in the state.The facility spread across 50 acres, represents a significant investment of over 220.54 million by the MANE Group

Oleoresin Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 1.89 billion
Revenue forecast in 2030	USD 2.83 billion
Growth Rate	CAGR of 6.9% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players of Oleoresin Market

• Chenguang Biotech Group Co. Ltd.
• Kancor Ingredients Ltd.
• Kalsec Inc.
• Universal Oleoresins
• Givaudan
• Akay Group Ltd.
• Synthite Industries Ltd.
• AVT
• Indo – World
• Paprika Oleo’s India Limited
• Paras Perfumers
• Manohar Botanical Extracts Pvt. Ltd.
• Naturite Agro Products Ltd
• MRT GREEN PRODUCTS
• All-Season Herbs
• TMV Aroma
• Plant Lipids
• Ozone Naturals

Access Press Release of Oleoresin Market @ https://www.grandviewresearch.com/press-release/global-oleoresin-market

Retail Cloud Market Latest Report By Component, Service Model Type, Deployment, Organization Size, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 26 April 2024: The Report Retail Cloud Market Size, Share & Trends Analysis Report By Component (Customer Management), By Service Model Type (SaaS, IaaS, PaaS), By Deployment, By Organization Size, By Region, And Segment Forecasts, 2024 – 2030

The global retail cloud market is anticipated to reach USD 167.82 billion by 2030 and is expected to expand at a CAGR of 18.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Cloud computing significantly impacts the retail industry; it drives innovation through improved inventory management, allowing real-time tracking, identifying stock shortages, and optimizing supply chains, resulting in better customer service, increased sales, and cost reduction. Moreover, cloud-based solutions enable retailers to collect and analyze customer data, delivering personalized recommendations and offers, fostering stronger customer relationships and higher sales. Additionally, retailers can create new sales channels, such as online stores and mobile apps, providing more avenues to reach customers and enhance product accessibility. Furthermore, cloud-based security solutions safeguard critical data, protecting retailers from cyber threats and ensuring a secure digital environment. The widespread adoption of cloud computing is reshaping the retail landscape, bringing greater efficiency and customer satisfaction to the industry.

Cloud computing offers the retail industry a range of advantages, supporting their need to adapt swiftly and outperform competitors. Key benefits include cost savings by reducing IT infrastructure expenses, licensing fees, and maintenance costs. The scalability of cloud solutions enables retailers to flexibly adjust resources based on varying demands, which is ideal for handling seasonal fluctuations. Cloud computing providers also offer robust security measures, safeguarding retailers’ valuable data. Additionally, cloud adoption enhances retailers’ agility, enabling quick responses and adaptability in the ever-changing market landscape. Embracing cloud computing empowers retailers to streamline operations, bolster security, and remain competitive in the dynamic retail sector.

Retailers in North America are increasingly adopting cloud computing due to cost savings through reduced server maintenance and infrastructure expenses, scalability allowing flexible resource management, heightened security provided by cloud providers for safeguarding sensitive customer data, and access to continuous innovation and cutting-edge technologies. As a result, cloud computing is significantly transforming the retail sector in North America, enhancing operational efficiency, customer service, and security measures, ultimately leading to a more customer-centric retail experience. Retail giants such as Walmart, Target, and Best Buy leverage cloud solutions to optimize their supply chain management, personalize marketing campaigns, and improve customer service through chatbots.

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Retail Cloud Market Report Highlights

• The solution segment held the largest market share of over 64.6% in 2023. This is due to the increasing demand for cloud-based solutions to help retailers improve their operations and customer experience.
• The public cloud segment is anticipated to grow substantially over the forecast period. This growth is attributed to the public cloud providers that offer a wide range of services that can be customized to meet the specific needs of retailers.
• The large enterprises segment will likely account for a sizable global market share. Retail cloud solutions allow large enterprises to reduce costs, streamline their operations, and enhance customer experience.  
• Some regions in North America have the most competitive and constantly changing and rising technology improvements in the market. The expanding number of retailers adopting the cloud globally is projected to support market expansion.

Retail Cloud Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 59.95 billion
Revenue forecast in 2030	USD 167.82 billion
Growth Rate	CAGR of 18.7% from 2024 to 2030
Base year for estimation	2023
Historical data	2017 – 2022
Forecast period	2024 – 2030

List of Key Companies in the Retail Cloud Market

• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Cognizant
• Fujitsu
• Google LLC
• IBM Corporation
• Oracle
• Salesforce, Inc.
• SAP SE

Access Press Release of Retail Cloud Market @ https://www.grandviewresearch.com/press-release/global-retail-cloud-market