#COVID-19 Impact on Chain Hotel Market

[mordorintelligencemarketresearch]

The Tourism and Hotel Industry in Morocco: Trends, Growth, and Market Insights

Market Overview:

The tourism and hotel industry in Morocco has become a cornerstone of the country’s economy, accounting for a significant portion of GDP and employment. In 2023, Morocco’s tourism industry was valued at approximately USD 8 billion, with projections for continued growth as the sector recovers from the impacts of the COVID-19 pandemic. The government’s focus on promoting Morocco as a prime tourist destination is reflected in various infrastructure improvements, targeted marketing campaigns, and international partnerships aimed at attracting a broader range of tourists.

Morocco’s appeal is multifaceted: it offers a blend of historical heritage, natural beauty, and modern hospitality that draws tourists from Europe, the Middle East, and increasingly, other parts of the world. The hotel industry is expanding rapidly to accommodate growing demand, with new luxury resorts, boutique hotels, and eco-friendly lodgings catering to diverse traveler preferences.

Key Market Trends:

Rising Inbound Tourism: Morocco is experiencing a steady increase in inbound tourism, particularly from Europe, North America, and the Middle East. The country’s strategic location as a bridge between Europe and Africa, along with its visa-free access for travelers from many countries, has made it a highly attractive destination. The government’s tourism campaign, focused on enhancing the country's global image, is boosting tourist arrivals. In 2023, the country welcomed over 13 million international tourists, a number expected to rise as global travel rebounds.

Emerging Trend of Luxury and Boutique Hotels: The rise of luxury tourism in Morocco has led to a surge in high-end hotel offerings, with international hotel chains like Accor, Marriott, and Hilton expanding their presence in key cities like Casablanca, Marrakech, and Rabat. The demand for boutique hotels, offering personalized experiences and authentic Moroccan hospitality, is also on the rise, catering to affluent travelers seeking unique and immersive experiences.In addition, luxury travelers are increasingly seeking destinations that offer not just accommodations but also cultural experiences, wellness retreats, and eco-friendly lodging. As a result, the hotel industry in Morocco is diversifying its offerings to include wellness resorts, eco-lodges, and high-end desert camps to meet the demands of this growing segment.

Sustainable and Eco-Friendly Tourism: Morocco is embracing sustainable tourism, with the government and private sector promoting eco-friendly travel options. This includes the development of green hotels, eco-lodges, and sustainable resorts in natural settings like the Atlas Mountains, the Sahara Desert, and coastal regions. The growing awareness of environmental issues and eco-conscious travel preferences are prompting hotels to adopt sustainable practices such as energy-efficient buildings, water conservation, and waste reduction.Tourists are increasingly attracted to Morocco's eco-friendly initiatives, which offer the opportunity to explore natural wonders while minimizing environmental impact. The rise of eco-tourism in Morocco is aligned with global trends that prioritize environmental sustainability, offering a significant growth opportunity for the tourism and hotel industry.

Growth of Domestic Tourism: While international tourism remains strong, Morocco’s domestic tourism market is also growing. Many Moroccans are opting for local vacations, especially post-pandemic, as travel restrictions and health concerns have made international travel more complicated. This trend has led to the expansion of regional hotels, resorts, and guesthouses designed to cater to local tastes and preferences, offering affordable yet high-quality experiences.Morocco’s diverse regions, from coastal towns like Agadir to the cultural hub of Fez, are becoming increasingly popular among local tourists seeking to experience the country's varied landscapes and heritage.

Cultural and Heritage Tourism: Morocco is known for its rich cultural history, including iconic landmarks like the medinas of Marrakech, Fez, and Meknes, as well as UNESCO World Heritage Sites. Cultural tourism continues to thrive, with an increasing number of travelers seeking to explore Morocco’s heritage through its architecture, cuisine, festivals, and traditions. Hotels and tour operators are capitalizing on this demand by offering curated cultural experiences, such as guided city tours, cooking classes, and trips to historical sites.The Moroccan government is also investing in cultural preservation and tourism infrastructure, creating opportunities for the hotel industry to cater to tourists interested in exploring the country’s history and traditions.

Rise of Digitalization in the Hospitality Sector: Digital technology is transforming the tourism and hotel industry in Morocco, with online booking platforms, digital concierge services, and smart hotel technologies gaining traction. Hotels are increasingly adopting digital solutions to enhance the guest experience, from contactless check-ins to mobile-based services and virtual tours. Additionally, the rise of online travel agencies (OTAs) has made it easier for tourists to research and book their stays, contributing to increased competition in the hotel sector.Hotels are also using data analytics to improve customer service, personalize marketing, and optimize pricing strategies. The growth of digital platforms is expected to continue shaping the way travelers plan and experience their visits to Morocco.

Market Segmentation:

The tourism and hotel industry in Morocco can be segmented by type of tourism, accommodation type, and region.

By Type of Tourism:

Leisure Tourism: The dominant form of tourism, with travelers seeking a mix of cultural experiences, adventure tourism, beach vacations, and luxury resorts.

Business and MICE Tourism (Meetings, Incentives, Conferences, and Events): Casablanca and Rabat are key destinations for business tourism, hosting a variety of international conferences, trade shows, and meetings.

Medical and Wellness Tourism: With the rise of wellness resorts and spas, Morocco is becoming a popular destination for travelers seeking medical and wellness treatments.

By Accommodation Type:

Luxury Hotels and Resorts: International hotel chains, high-end boutique hotels, and luxury desert camps in locations like Marrakech, Agadir, and the Atlas Mountains.

Mid-Range Hotels: A broad segment catering to tourists seeking comfortable stays at affordable prices, particularly in major cities.

Budget Hotels and Hostels: Popular among younger travelers and backpackers, offering affordable accommodation options throughout Morocco.

Eco-friendly Hotels and Lodges: Sustainable and green hotels that cater to environmentally conscious travelers, particularly in rural and natural areas.

By Region:

Marrakech-Safi: One of Morocco’s top tourist destinations, known for its historic medina, vibrant souks, and luxurious resorts.

Casablanca-Settat: Morocco’s economic hub, attracting business travelers and tourists interested in modern architecture and beaches.

Rabat: The capital city, offering a mix of history, culture, and business opportunities.

Agadir: Famous for its beach resorts and coastal tourism, popular for both international and domestic tourists.

Fes-Meknes: A historical and cultural region, home to UNESCO World Heritage sites and traditional Moroccan architecture.

Souss-Massa: Known for its eco-tourism and natural beauty, including the Atlas Mountains and desert landscapes.

Growth Drivers:

Government Initiatives and Investment: The Moroccan government has prioritized the tourism sector, introducing initiatives such as the Vision 2020 plan to attract 20 million tourists by 2020 (a target that was slightly impacted by the pandemic but remains a long-term goal). The government is focusing on improving infrastructure, promoting Morocco as a year-round destination, and increasing the accessibility of key tourist sites.

Improved Connectivity: The expansion of international flights, modernized airports, and better road networks are enhancing accessibility to major Moroccan cities and tourist destinations. The country’s well-connected transportation system is making it easier for international tourists to travel throughout Morocco.

Cultural Diplomacy and Marketing Campaigns: The government and tourism organizations are investing in global marketing campaigns, such as Visit Morocco, to promote the country's rich cultural heritage and diverse landscapes. Morocco’s status as a crossroads between Europe, Africa, and the Middle East also makes it a significant travel destination for regional tourists.

Challenges Facing the Market:

Impact of Global Economic Uncertainty: Economic fluctuations and global crises, such as the COVID-19 pandemic, can impact tourism flows. Tourism in Morocco, like in many other countries, was significantly affected by the pandemic, and while the sector is recovering, uncertainties in the global economy may affect tourism growth in the short term.

Competition from Other Destinations: As international travel grows, Morocco faces increasing competition from other North African and Mediterranean destinations. To remain competitive, the country must continue offering unique and high-quality experiences.

Infrastructure Development and Capacity: While Morocco has made substantial investments in tourism infrastructure, certain regions still face challenges with capacity and maintenance, which may affect the quality of services available to tourists.

Key Players in the Moroccan Tourism and Hotel Market:

Accor Group: Operating a range of luxury, mid-range, and budget hotels in Morocco, Accor is a major player in the hotel sector.

Hilton Worldwide: A global hotel chain with a strong presence in Morocco, offering upscale accommodations in major cities.

Marriott International: With high-end hotels in cities like Marrakech and Casablanca, Marriott caters to luxury travelers.

Club Med: A key provider of all-inclusive resorts in Morocco, particularly along the country’s coastline.

Riad Hotels and Local Boutiques: Independent boutique hotels, including traditional riad accommodations in cities like Marrakech and Fes, offer an authentic Moroccan experience.

Market Outlook:

The tourism and hotel industry in Morocco is on a promising trajectory, with substantial opportunities for growth in both the domestic and international tourism markets. While challenges such as economic uncertainty and global competition remain, the country’s unique cultural heritage, strategic location, and government support make it an increasingly attractive destination. With continued investments in infrastructure, sustainability, and digitalization, Morocco’s tourism and hotel industry is poised for sustained growth, contributing significantly to the country’s economy in the years to come.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence

[shrutijadhav2139]

Travel Credit Card Market Trends: Forecasting with In-Depth Qualitative and Quantitative Research Analysis

The travel credit card market has undergone significant transformation in recent years, spurred by evolving consumer preferences, digital innovations, and changing economic landscapes. As the global economy recovers and tourism resumes its growth trajectory, the travel credit card industry is positioned for both expansion and innovation. Forecasting the future trends in this market requires an understanding of both qualitative and quantitative data, which provide a clear picture of what’s to come for consumers, financial institutions, and travel-related businesses.

The Growth of Travel Credit Cards

Over the past decade, travel credit cards have become a prominent financial tool for consumers seeking to maximize their spending on travel. These cards often offer perks such as reward points, travel miles, cashback, and discounts on flights, hotels, car rentals, and other travel-related services. According to market research, the global travel credit card market size is projected to grow substantially, fueled by the increasing demand for travel rewards and the ongoing desire for premium customer experiences.

One of the primary drivers of this growth is the rise in disposable income among consumers, especially in emerging markets. As more people gain access to credit and financial tools, travel credit cards have become an accessible way to fund their travel experiences, leading to heightened demand for these products.

Key Trends Shaping the Travel Credit Card Market

Customization and Personalization With an increasing number of consumers opting for travel credit cards, financial institutions are focusing on personalization. Offering tailored rewards, bonus points for specific categories (such as hotel stays or airfares), and unique customer experiences are becoming essential to attracting high-value customers. Customizable rewards programs are particularly attractive to younger, tech-savvy consumers who seek flexibility and personalization in their financial products.

Partnerships with Travel Providers Financial institutions are increasingly entering strategic partnerships with airlines, hotel chains, and online travel agencies (OTAs). These collaborations allow for exclusive offers and loyalty benefits, which are an attractive proposition for travelers who seek added value. For instance, premium travel cards often come with access to airport lounges, discounted rates, and priority check-ins, enhancing the overall travel experience.

Integration of Technology and Digital Platforms The integration of advanced technology in the travel credit card market is a defining trend. Mobile wallets, digital banking, and contactless payment options are transforming how consumers use their cards while traveling. Additionally, some credit card companies are embracing AI to offer more seamless and intuitive customer experiences, including real-time alerts for spending, fraud detection, and automatic point redemption for rewards.

Sustainability and Eco-friendly Initiatives As environmental concerns rise globally, there is an increasing push for eco-friendly travel options, and this is influencing the credit card market. Consumers are becoming more conscious of the environmental impact of their travel, and as a result, financial institutions are introducing cards with sustainable initiatives. For example, some travel cards offer rewards for eco-conscious spending or donate points towards environmental causes.

Increased Focus on Travel Insurance and Protections The ongoing challenges posed by the COVID-19 pandemic have led to an increased demand for travel credit cards that offer comprehensive travel insurance and protection. Coverage for trip cancellations, lost luggage, and medical emergencies abroad are becoming essential features for travelers. This has prompted card issuers to enhance their insurance offerings, making these cards an even more valuable asset for frequent travelers.

Quantitative Market Insights

From a quantitative perspective, the travel credit card market has seen a surge in new cardholder sign-ups, particularly among millennials and Gen Z, who are highly engaged with digital banking. A report from the Global Travel and Tourism Report suggests that the number of travel credit cardholders worldwide is expected to increase by 10% annually over the next five years. Additionally, reward redemption statistics reveal that travel-related redemptions (including flights, hotel stays, and car rentals) comprise over 60% of total reward points used, underscoring the importance of travel benefits to consumers.

In conclusion, the travel credit card market is poised for continued growth, driven by evolving consumer expectations and the innovative strategies employed by financial institutions. By leveraging both qualitative and quantitative research, businesses can better forecast market trends and adapt to the changing needs of travelers. Whether through personalized rewards, partnerships, or technological advancements, the future of travel credit cards looks promising as they continue to meet the desires of a new generation of global travelers.

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[aakashmalhotra]

Decoding India's corporate travel sector

The Corporate travel market in India is on the brink of significant change in the coming years, driven by evolving work practices and technological advancements. This shift will not only impact the way people travel for work but also elevate the level of accountability and sustainability within the travel ecosystem.

With organizations embracing hybrid work, new trends like bleisure, workcations, and laptop luggers are emerging in business travel. Accommodation suppliers are adapting to provide amenities for these opportunities after the COVID-19 business travel downturn.

In 2023, the Indian travel market was valued at around US$53 billion. Airlines and hotels made up over 70% of the market, with the rest coming from railways and other ground transportation. Corporate travel contributed about 20% to the overall market, valued at around US$10.6 billion, with airlines and hotels contributing about 85% to the corporate travel market in India. Managed travel contributed around 25% to this market, with a significant presence from domestic and international travel management companies (TMCs).

Demand of corporate travel Management India

The demand for corporate travel management India is increasing, with MSME/SMEs contributing around 30% to the overall market. Travel management companies are developing new initiatives and products to meet the needs of this segment.

With increasing travel demand, there has been a shortage of aircraft and accommodations, leading to high airfares and ADRs. However, this is expected to improve as supply increases. Leading airlines in India have ordered more aircraft, and major hotel chains are collaborating with local players to meet the demand. Travelers also seek alternate accommodations and short-term rentals, even for business travel in India.

Despite an optimistic outlook, challenges like potential recession and geopolitical tensions prevail worldwide. Decision-makers may need to balance conservative budgeting with pursuing the strategic benefits of travel. Corporates are prioritizing sustainability efforts and promoting eco-friendly travel options, aiming to limit travel and utilize technology.

Since the pandemic, travel managers have started focusing more on traveler safety, well-being, and duty of care. They rely on travel service providers with access to technology platforms that give a complete view of the traveller's location and efficient support systems to help during emergencies and crises.

The importance of technology is increasing as corporate travelers seek greater convenience. It will be crucial to seamlessly integrate processes, improve efficiency, and focus on customer-centric experiences.

Insights into a borderless world

The global travel and tourism industry faced unprecedented disruption from the COVID-19 pandemic. By 2023, the sector had recovered from the pandemic lows and thrived due to increased demand, relaxed travel restrictions, higher vaccination rates, and innovative marketing strategies.

The global tourism sector is on track for significant growth. By 2033, it aims to contribute US$15.5 trillion to the global economy, representing 11.6 percent of it. In 2023, the sector created job opportunities for 320 million individuals worldwide, with expectations that this number will rise to 430 million by 2033.

The air and accommodation industries, along with train services, cabs, buses, and ancillary services, play a major role in facilitating worldwide travel. Understanding the growing Indian travel industry trends within these industries provides valuable insights into the global travel industry landscape.

Global air travel market 

The global air travel industry was valued at US$740 billion in 2019. After a significant decline of approximately 69% in 2020 due to the pandemic, it is expected to reach US$709 billion in 2023 and grow at a 6% CAGR to reach US$885 billion by 2027. This growth of business travel India is driven by rising disposable income and increasing cross-border trade and business.

Global accommodation market Emerging themes

The hospitality industry faced major disruptions during the COVID-19 pandemic, but adapted quickly by implementing health and safety measures and embracing contactless technologies.

The global accommodations market doubled from US$401 billion in 2020 to over US$855 billion in 2023 and is projected to reach US$1,250 billion by 2027.

Significant challenges in global travel 

As the market continues to evolve, it’s essential to acknowledge the upcoming challenges in the global travel industry, offering insight into potential obstacles to growth and resilience amid its ongoing transformation.

Rising inflation and geopolitical risks: Countries with underperforming currencies against the US dollar are facing increased pressure from rising fuel prices and inflation. Average annual jet fuel prices remain at US$ 2.25–2.75 per gallon, which is higher than pre-Ukraine war levels but lower than the peak of more than US$5 per gallon during the 2023s. The price growth could be restrained as the global economy slows and economic uncertainties persist.

Shortage of skilled workforce: Airlines and airports have been struggling to operate at full capacity due to a lack of workers and long hiring processes. There have been flight cancellations in various regions due to a shortage of pilots.

Aircraft supply disruptions: The supply chain challenges at leading aircraft manufacturers have caused delays in delivering new aircraft, hindering network expansion plans and potentially delaying the delivery of lower-emission modern aircraft until 2025. 

Hybrid way of working in corporate travel: Companies and employees are now using more flexible work arrangements, including a mix of remote and in-office work. As a result, companies are rethinking the number and size of their office locations. Companies are increasing internal travel to encourage teamwork and support company culture, as business events and meetings could become a rapidly growing category. 

The breakdown of the market environment

The IMF predicts that India will be the fastest-growing economy in 2024, with a growth rate of 6.5 percent. India is expected to become the third-largest economy by 2027. The growing middle class and working-age group suggest the potential for increased spending and travel. In 2023, Indian nationals took 27 million international trips, and domestic tourism reached pre-pandemic levels.

Corporate trek: India's business travel market

The demand for travel is changing as the pandemic's impact lessens. Group and corporate travel are expected to become more important. A survey by Deloitte in 2023 found that more than half of travel managers believe that industry events will drive travel growth. In India, travel expenses have returned to or exceeded pre-pandemic levels. Corporate travel includes air travel, accommodation, and other expenses like trains, cabs, visas, and forex. Almost half of corporate travel expenditure is on air travel. India’s corporate travel market is worth $10.6 billion and makes up about 20 percent of the total Indian travel market.

The evolving landscape of corporate travel

Blurring boundaries: The rise of B-leisure travel 

The blend of business and leisure travel, known as bleisure, is gaining popularity among corporate travelers in India. These Indian travel industry trends reflect evolving work cultures and personal preferences, with professionals seeking a balance between work and relaxation. Factors such as employee well-being and flexible work arrangements drive this shift, and technology and remote work capabilities allow seamless integration of leisure into business trips. Balancing business and leisure stays poses a challenge for the hospitality industry, as short-term rental hosts are preferred for extended leisure stays.

Sustainability no longer a buzzword 

Sustainability has become a critical factor in corporate travel, leading to the integration of eco-friendly practices into travel policies. This shift aligns with societal expectations and offers economic benefits, such as cost savings and enhanced reputation. Suppliers are working to decarbonize flight operations and promote the adoption of sustainable aviation fuel to reduce air transport emissions. International airlines and related businesses are collaborating with clients to lower business travel emissions and achieve sustainability goals.

Many corporate travel managers want a bird's-eye view of traveling employees and their locations. Voice-based assistants in travel booking are AI-enabled systems that help users make travel arrangements without physically interacting with a device. They are efficient for frequent business travelers, allowing multitasking and streamlining booking within tight schedules. These assistants excel in Natural Language Processing, enabling users to book hotels, airlines, and more through specific commands.

Last words

The travel sector in India has the potential to contribute about US$3 trillion to India’s GDP by 2047 and create 100 million direct and indirect employment opportunities. The government and industry must adopt best practices, focus on infrastructure development, and leverage technology to achieve this. Initiatives to host global events, invest in infrastructure, and use emerging technologies will contribute to the growth of the travel and tourism sector.

[marketingreportz]

Wooden Decking Market - Forecast(2024 - 2030)

Wooden Decking Market size is forecast to reach $34.8 billion by 2030, after growing at a CAGR of 2.9% during 2024–2030. Growing construction activities and rising disposable income are the major factors expected to drive the growth of the wooden decking market. In addition, increasing demand for higher standard of living, rapid #industrialization, increasing demand for wood #decking in schools, hotels, and others are some of the other factors driving wooden decking market. In the wooden decking market, a notable trend is the increasing popularity of #sustainable and eco-friendly materials. Consumers are showing a growing preference for responsibly sourced wood, such as certified hardwoods and reclaimed timber, reflecting a broader commitment to #environmental #conservation. Another trend involves the integration of technology in wooden decking solutions, with the incorporation of smart features like LED lighting, wireless charging, and remote-controlled systems. This convergence of aesthetics and #functionality caters to a modern lifestyle, enhancing the overall appeal and usability of wooden decks in residential and commercial spaces. In addition, customer preference for green buildings, sustained investment in commercial real estate, and increased demand for wooden decking from commercial and residential sectors, increased private non-residential #expenditure and public non-residential expenditure are some of the other factors expected to drive the global wooden decking market.

Covid Impact

The COVID-19 pandemic has had a notable impact on the wooden decking market, influencing various aspects of production, supply chains, and consumer behavior. In the initial phases of the pandemic, global lockdowns, travel restrictions, and disruptions in labor availability led to challenges in the supply chain for wooden decking materials. The closure of manufacturing facilities and restrictions on transportation affected the timely delivery of raw materials, causing delays in production and distribution. he construction industry, a significant consumer of wooden decking, experienced a slowdown as a result of pandemic-related disruptions. Many construction projects were put on hold or delayed, impacting the demand for decking materials. Uncertainty about the economic outlook also led some consumers to postpone or reconsider home improvement projects, affecting the market. The wooden decking market demonstrated resilience as it adapted to the challenges posed by the pandemic. Manufacturers and suppliers implemented safety measures in their operations, and innovations in virtual consultations and digital tools emerged to facilitate remote decision-making for consumers planning home improvement projects.

Sample Report:

Report Coverage

The report: “Wooden Decking Market– Forecast (2024–2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wooden Decking Industry.

By Type: Redwood, Tropical Hardwood, Pressure Treated Wood, Cedar and Others

By Application: Railing, Floor, Wall, Water and Waste Management, Tunnel and Landfills, Bridge and Highways and Others

By End Use Industry: Residential, Non-Residential

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Key Takeaways

A wooden deck can keep a comfortable temperature even on a warm day, while plastic can get uncomfortably hot, as these decks are made up of composite lumber, treated lumber, and composite material. Therefore, the use of wooden decks in residential and nonresidential buildings has increased.

The growing construction industry in the United States is projected to propel the North American wooden decking market, during the forecast period.

The major factors driving the market is, increase in remodeling and refurbishment activities and demand for lavish infrastructure in developed nations.

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Type — Segment Analysis

Pressure treated wood held the largest share in the wooden decking market in 2023, as it can withstand in icy and moist weather conditions, and is durable and long lasting. In addition, pressure-treated wood is resistant to insects, rots and internal decay. Pressure treated lumber decks are also cheaper than cedar and redwood with the same quality. The only drawback of these decks is higher maintenance due to inconsistent appearance, splitting and easy staining.

End-User Industry — Segment Analysis

The residential segment held the largest share in the wooden decking market in 2023 and is growing at a CAGR of 3.2% through 2030. In the residential sector, wooden decking is used for both new construction and repair as well as renovation of houses. It is used for a wide range of purposes in residential building, such as cladding and siding, swimming pool decks, pathways, flooring and so on. The growing demand for residential projects worldwide is expected to drive the wooden decking market during the forecast period.

Geography — Segment Analysis

North America held the largest share in the wooden decking market in 2023 at 34%, owning to rising urbanization, large scale investments in infrastructure & industrial sectors, and rising construction activities in the region. The properties offered by wooden decks such as durability, sustainability, stability, splinter & rot resistance, and enhanced appearance is useful in application areas such as marinas, pool areas, resorts, docks, patios, hotels and others. The increase in disposable income of the urban population stimulates the construction of new houses in the region, which leads to an increase in demand for wooden decks.

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Drivers — Wooden Decking Market

• Growing construction activities.

Growth in the global wood decking market is attributed primarily due to the rapid increase in construction activities. Due to its ease of design, flexibility and adaptability to various purposes, wooden decking is used in a variety of homes to create patios, landscaping for gardens or for expanding the living area. Due to its long lifespan, customers have increasingly opted for wood decks. Increasing expenditure on upgrading homes or outdoor living spaces that include decks, patios and balconies is likely to have a significant impact in the near future on demand for decking material. According to the U.S. Census Bureau, US construction industry worth $2.1 trillion in 2022. Approximately 1.55 million new housing units are planned annually in the U.S. Therefore, the increasing number of houses and increase in construction activities worldwide is driving growth in the wooden decking market.

Challenges — Wooden Decking Market

• Availability of substitute

Substitute availability such as plastic decks is the major factor expected to restrain the growth of the global wooden decking market. Keeping a wooden deck looking and feeling new, can take quite a bit of maintenance. Availability and price of wooden decking are determined by location. Although wooden decking comes at a lower upfront cost, the cost of maintenance will accumulate. Whilst a plastic deck requires nothing but a good wash once in a while. Therefore, owning to these factors customers may prefer plastics decks which act as a restraint to the wooden decking market growth.

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Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Wooden Decking Market. In 2023, the market of Wooden Decking Market has been consolidated by the top five players accounting for of the share. Major players in the Wooden Decking market are

• UPM- Corporation

• Weyerhaeuser Company

• West Fraser Timber Co. Ltd.

• Universal Forest Products, Inc.

• Metsä Group

• Setra Group

• James Latham plc

• Cox Industries Inc.

• Humboldt Redwood Company and Mendocino Redwood Company

• Vetedy Group.

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[colinwilson11]

Growing Demand For Plant-Based Milk Alternatives To Drive The New Zealand Coconut Milk And Cream Market

The coconut milk and cream market in New Zealand is witnessing significant growth owing to the rising demand for plant-based milk alternatives. Coconut milk and cream offer a dairy-free option for consumers preferring vegan or lactose-free diets. Coconut milk and cream are extracted from the flesh of mature coconuts and provide a rich source of medium-chain triglycerides and minerals. Coconut milk is used as an alternative to dairy milk in beverages, pastries, curries, and other culinary applications. Coconut cream offers a richer texture than milk and is commonly used in sauces, desserts, and coffee creamers.

New Zealand Coconut Milk and Cream Market is estimated to be valued at US$ 13.8 Mn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the New Zealand coconut milk and cream market are Thaicoconut.,Tetra Pak International S.A.,KÅ‘kiri Coconut Milk,Ceylon Kokonati,Savaii Popo. The key players are focusing on offering products with various fat contents and flavors to cater to diverse consumer tastes.

New Zealand has witnessed burgeoning demand for plant-based milk alternatives in recent years owing to rising health consciousness and vegan lifestyle adoption. Coconut milk and cream products are increasingly replacing dairy milk due to the various associated health benefits.

Technological advancements such as the development of aseptic packaging solutions have boosted the shelf life of coconut milk and cream without refrigeration. Players are investing in innovative product formats like single-serve cartons and bottles to boost adoption in the on-the-go consumption trend.

Market Trends

Growing health and wellness trend - The New Zealand population is increasingly health-conscious and focusing onWellness. Coconut milk and cream are gaining popularity due to low calories and saturated fat as compared to dairy and soy products.

Rise of the vegan movement - Veganism has gained widespread acceptance in New Zealand in recent years due to ethical and environmental reasons. Coconut milk and cream offer dairy-free alternatives for vegan consumers seeking plant-milk options.

Market Opportunities

Innovative packaging - There is scope for players to invest in innovative packaging formats like single-serve packs compatible with on-the-go lifestyles. Aseptic packaging can boost shelf life without refrigeration.

Functional products -The market is yet to realize its full potential in terms of functional milk-like beverages infused with ingredients offering additional health benefits. Probiotics, prebiotics, nutrients can be explored.

Impact Of COVID-19 On New Zealand Coconut Milk And Cream Market

The Covid-19 pandemic significantly impacted the New Zealand coconut milk and cream market. During the initial stages of lockdowns in 2020, the demand declined significantly as people stockpiled just essential goods. Supply chains were disrupted due to restrictions on exports and imports. Moreover, the closure of hotels, restaurants and cafes led to a drastic fall in out-of-home consumption of coconut products.

However, as people stayed home for longer durations, the demand for packaged foods and beverages increased. Coconut milk and cream observed higher sales as people experimented more in home cooking. The work from home culture also drove the demand for coconut-based snacks and beverages. Manufacturers responded swiftly by ramping up production and streamlining operations. Online sales channels played a critical role in reaching customers during lockdowns.

Going forward, the market is expected to witness steady growth. While out-of-home consumption may take longer to recover fully, growth in home consumption will continue. Manufacturers are focusing on innovation in product varieties and packaging formats. The awareness about health benefits of coconut is increasing consumer preference for natural products in the post-COVID era.

Geographical concentration of New Zealand Coconut Milk and Cream Market

In terms of value, the northern region of New Zealand including Auckland and Waikato accounts for over 40% share of the total coconut milk and cream market. This is attributed to the large consumer base in these areas. The central region covering Wellington and Manawatu-Wanganui is the second largest market with around 30% share.

The eastern region of New Zealand comprising Hawke's Bay, Gisborne and Bay of Plenty is witnessing the fastest growth in demand for coconut milk and cream. The annual growth rate in this region exceeds 10% led by rising health consciousness among consumers. Traditional coconut dishes are also popular cuisine in coastal cities like Gisborne boosting market opportunities. Production is also increasing in these provinces to cater to the growing local demand.

Get more insights on this topic: https://www.trendingwebwire.com/the-new-zealand-coconut-milk-and-cream-market-poised-for-considerable-growth-due-to-rising-adoption-of-veganism/

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

What Are The Key Data Covered In This New Zealand Coconut Milk and Cream Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the New Zealand Coconut Milk and Cream's growth between 2024 and 2031.

:- Accurate calculation of the size of the New Zealand Coconut Milk and Cream and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- New Zealand Coconut Milk and Cream Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of New Zealand Coconut Milk and Cream vendors

FAQ’s

Q.1 What are the main factors influencing the New Zealand Coconut Milk and Cream?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top New Zealand Coconut Milk and Cream companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the New Zealand Coconut Milk and Cream’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it

[trendingreportz]

Merchant Hydrogen Market - Forecast(2024 - 2030)

Merchant Hydrogen Market Overview

The merchant hydrogen market size is forecast to reach US$124 billion by 2027 after growing at a CAGR of 7.2% during 2022-2027. Merchant hydrogen refers to the production of hydrogen in hydrogen production plants and selling it to several end-use industries for various industrial processes. Merchant hydrogen is extensively used in the oil and refinery industry in the manufacturing of gasoline, diesel, jet fuels, and various refining processes such as hydrocracking, hydrotreating, etc. The oil and refinery industry expanding globally and this will drive the growth of the market in the forecast period. For instance, according to the January 2020 data by the International Energy Agency, biofuel production is expected to increase fourfold from around 2 mboe/d in current times to almost 8 mboe/d by 2040. Furthermore, merchant hydrogen finds its broad uses in the production of various chemicals such as ammonia, methanol, cyclohexane, hydrogen peroxide, hydrochloric acid, etc. The chemical industry is booming globally and this will contribute to the growth of the market in the forecast period. For instance, according to the 2020 Chemical Industry Outlook Report by BASF, chemical production globally is expected to increase by 4.4% in 2021. The water electrolysis process is projected to witness the highest demand in the forecast period. Steam methane reforming will witness significant demand in the market. Lack of better infrastructure might hinder the growth of the market in the forecast period.

COVID-19 Impact

The merchant hydrogen market was moderately affected during the COVID-19 due to disruption in the supply chain and temporary shutdown of plants surfaced in the market. Market players implemented new work strategies to maintain a stable business operation. Despite executing new business strategy plans, businesses were affected due to the severity of the COVID-19 pandemic. As per the 2020 Annual Report by Air Products and Chemicals, Inc., operations were disrupted due to the pandemic, leading to reduced demand for industrial gas products in the company’s merchant business. The market witnessed decent demand towards the end of 2020. Going forward, the market is projected to have a positive growth rate owing to expansion in hydrogen production plants and increasing demand for hydrogen in end-use industries such as the oil and refinery industry, chemical industry, and automobile.

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Merchant Hydrogen Market Report Coverage

The report: “Merchant Hydrogen Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Merchant Hydrogen Industry. 

By Process: Steam Methane Reforming, Water Electrolysis, Coal Gasification, Others

By End Use Industry: Oil and Refinery, Chemical, Food and Beverage, Construction, Residential, Commercial, Office, Hotels and Restaurants, Concert Halls and Museums, Educational Institutes, Automobile, Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Industrial, Electrical and Electronics, Agriculture, Paper, Others

By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

Water electrolysis is leading the merchant hydrogen market. This production process offers a robust option for carbon-free hydrogen production from renewable resources, making it a desirable choice among manufacturers.

The chemical industry will drive the growth of the market in the forecast period. According to the June 2020 data by the American Chemistry Council, net exports of chemicals will touch $37 billion by 2025.

The Asia-Pacific region will witness the highest demand for merchant hydrogen in the forecast period owing to the expanding oil and refinery industry in the region. According to the data by India Brand Equity Foundation, oil demand in India is expected to witness a 2x growth to reach 11 million barrels by 2045.

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Merchant Hydrogen Market - By Process

Water electrolysis dominated the merchant hydrogen market in 2021. This process helps in the production of carbon-free hydrogen from nuclear and renewable resources. Water electrolysis is done with the help of a unit called an electrolyzer. Proton exchange membrane (PEM) electrolyzer and alkaline electrolyzer are the two types of electrolyzers usually implemented. Water electrolysis involving electrolyzers is considered a mature technology compared to other processes. Owing to such diverse properties, market players are engaging in expanding the portfolio of water electrolysis in the market. For instance, in January 2021 Cummins Inc., installed a new 20-megawatt PEM electrolyzer system in Canada to generate green hydrogen. This is the world’s largest proton exchange membrane electrolyzer in operation. Such developments in the water electrolysis process will increase its demand in the forecast period. The steam methane reforming process is projected to witness significant demand in the market.

Merchant Hydrogen Market - By End Use Industry

Oil and refinery dominated the merchant hydrogen market in 2021 and is growing at a CAGR of 7.5% in the forecast period. Merchant hydrogen produced through processes such as steam methane reforming and water electrolysis is massively used in the production of high-quality lubricating oils and various refining processes in the oil and refinery industry. The oil and refinery industry expanding globally and this will lead to the growth of the market in the forecast period. For instance, as per the data by India Brand Equity Foundation, diesel demand in India is expected to double to 163 MT by 2029-30. Similarly, according to the December 2021 report by Energy Information Administration (EIA), total production of crude oil stood at 11.7 million b/d in November which is projected to touch an average of 12.1 million b/d in the fourth quarter of 2022. Such massive growth in the oil and refinery industry will increase the higher implementation of merchant hydrogen in the forecast period and this will contribute to the growth of the market in the forecast period. The chemical industry will drive the growth of the market significantly in the forecast period.

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Merchant Hydrogen Market - By Geography

The Asia-Pacific region held the largest market share in the merchant hydrogen market in 2021 with a market share of up to 34%. The high demand for merchant hydrogen is attributed to the expanding oil and refinery industry in the region. For instance, as per the March 2021 report by Energy Information Administration (EIA), China’s refineries refined more crude oil for most of 2020 compared to US refineries. Similarly, as per the data by India Brand Equity Foundation, the Indian government has allowed 100% Foreign Direct Investment in upstream and private sector refining projects. Such increasing growth in the region’s oil and refinery industry will stimulate the higher uses of merchant hydrogen in the forecast period. The North American region is projected to witness significant demand for merchant hydrogen in the forecast period.

Merchant Hydrogen Market Drivers

The booming chemical industry will drive the growth of the market

Merchant hydrogen is deeply associated with the chemical industry as it is implemented in the production of several chemicals such as ammonia, methanol, cyclohexane, hydrogen peroxide, among others. The chemical industry is booming globally and this will contribute to the growth of the market in the forecast period. For instance, according to the June 2021 Mid-Year US Chemical Industry Outlook report, chemical volumes and shipments in the US are expected to increase by 3.2% and 8.2% respectively in 2022. Similarly, according to the report by India Brand Equity Foundation (IBEF), the domestic chemical sector's small and medium enterprises are projected to witness 18-23% revenue growth in FY22. This huge growth in the global chemical industry will increase the higher uses of merchant hydrogen and this, in turn, will contribute to the market’s growth in the forecast period.

Expanding oil and refinery industry will contribute to market’s growth

Merchant hydrogen is massively used in the oil and gas industry. Processes such as steam methane reforming and water electrolysis are implanted for the production of merchant hydrogen which is later used in the oil and refinery industry for the production of gasoline, diesel, jet fuels, and various high-quality lubricating oils. The oil and gas industry expanding globally and this will drive the growth of the market. For instance, as per the data by India Brand Equity Foundation, the oil and gas sector’s installed provisional refinery capacity accounted for 246.90 MMT as of September 2021 and Indian Oil Corporation was the largest domestic refiner with a capacity of 69.7 MMT. Similarly, according to the statistics by the International Energy Agency, global refining activity is expected to jump by 2.4 mb/d in 2022, and demand for oil will return to pre-pandemic levels by the end of 2022. Such massive expansion in the oil and refinery industry globally will augment the higher uses of merchant hydrogen and this will drive the growth in the forecast period.

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Merchant Hydrogen Market Challenges

Lack of better infrastructure might hamper the market’s growth

The infrastructure barrier has been a key challenge in the merchant hydrogen and this might hinder the market’s growth in the forecast period. The distribution and storage of merchant hydrogen are limited and vary, restricting its widespread adoption. For instance, as per the June 2019 report by Energy Information Administration, better planning and coordination are required among government and industries for the proper delivery and storage of merchant hydrogen. Similarly, as per the August 2021 data by the Department for Business, Energy, and Industrial Strategy of the UK, better coordination is required for the wider rollout of hydrogen. Such infrastructure concerns associated with merchant hydrogen might limit the market’s growth.

Merchant Hydrogen Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the merchant hydrogen market. Major players in the merchant hydrogen market are:

Airgas, Inc.

Air Products and Chemicals, Inc.

Praxair, Inc.

Linde plc

Air Liquide

Uniper

Engie SA

FuelCell Energy, Inc.

Cummins Inc.

Others

Recent Developments

In May 2020, Engie collaborated with Neste to produce renewable hydrogen on a large scale for the production of high-quality biofuels. Such collaborations will contribute to the growth of the market in the forecast period.

[iwebdatascrape]

Analyzing U.S. Leading Hotel Chains: Insights from Hotel Data Scraping

Leading hotel chains are renowned for providing top-tier services, luxury, and an abundant experience to their clientele. With a global presence boasting tens of thousands of properties, these chains rake in billions in revenue, solidifying their positions among the world's largest companies.

In the fiercely competitive hospitality industry, susceptible to economic fluctuations, these giants—Wyndham, Marriott, Hilton, IHG, and Hyatt—stand out. Online travel platforms are valuable resources, offering insights into hotel details, room availability, and price fluctuations.

Exploring the landscape of the largest hotel in the United States using hotel chain data scraping unveils the dominance of Wyndham, Marriott, Hilton, IHG, and Hyatt, each contributing significantly to the industry's grandeur.

Number of Hotel Chains in the United States

On scraping hotel chain data, our examination covered 21,607 hotels across five major hotel chains in the United States. Wyndham emerged as the largest hotel chain, boasting 6,007 locations, followed by Marriott with 5,325 and Hilton with 5,010 establishments.

Exploring Wyndham Hotels in the United States

Scrape Wyndham Brand Hotel Count

Scrape Marriott's Presence in the US

Scrape Marriott hotel data to boast a network of 5,325 locations across the United States, with Texas (569), California (530), and Florida (485) leading in the number of establishments.

Marriott's Diverse Portfolio in the US

Extract Store Locations Data to know that under the Marriott Brand, there are 23 hotels, with Fairfield Inn (18.2%), Courtyard (17%), and Residence Inn (14.3%) leading the count. Together, these three brands contribute to 53% of the total locations.

Hilton's Nationwide Presence and Global Impact

Scrape Number of Hotels Under the Hilton Brand

The Hilton Brand encompasses 13 hotels, where Hampton leads with 44.5%, followed by Hilton Garden Inn (11.6%) and Homewood Suites (8.4%). Hampton is the top upper midscale brand, constituting 23.5% of Hilton locations.

Scrape IHG Hotels in the US: An Overview

Scrape InterContinental Hotels Group data to boast 4,567 locations nationwide, with Texas (515), California (270), and Florida (261) leading in numbers.

IHG Brand Overview: A Total of 15 Hotels

IHG brand encompasses 15 hotels, with Holiday Inn Express (55.7%), Holiday Inn (13.9%), and Candlewood Suites (11.7%) leading in numbers.

Scrape Hyatt Hotels in the US

Number of Hotels Under Hyatt Brand

Hyatt, a prominent player in the hospitality industry, boasts a diverse portfolio of 18 brands, collectively featuring 16 hotels. Hyatt Place, Hyatt House, and Hyatt Regency are leading the pack, accounting for 43.1%, 13.1%, and 11.6% of the brand's hotel count, respectively.

Hyatt has established itself in the higher-end market and is renowned for its focus on upscale accommodations. Retail Store Location Data Scraping Emphasizes modern, design-forward, and creative spaces that inspire and rejuvenate, Hyatt's brand lineup spans various luxury properties. Among these are Andaz, Alila, Grand Hyatt, Park Hyatt, Thompson Hotels, and Miraval.

States with the Highest Number of Hotels

Shaping the Future of Hospitality Amidst Pandemic Challenges

The tourism industry, profoundly impacted by the pandemic, grapples with uncertainty, prompting a shift towards a new era of hospitality. In the wake of COVID-19, hospitality is becoming more faceless, emphasizing social distancing, cleanliness, and housekeeping as top priorities within hotels.

Despite the challenges the pandemic poses, there remains a strong desire for new experiences among individuals. Even as social interactions transform, those venturing out still seek the personal attention and special care synonymous with hospitality. Airbnb has disrupted traditional hotel chains, offering more affordable accommodation options.

A growing reliance on data marks the evolving landscape of the travel industry. Online booking platforms empower travelers to compare room tariffs across multiple hotels, prompting hotel chains to adjust prices dynamically based on travelers' interests. Leveraging data extraction from iWeb Data Scraping, hotel chains can stay ahead by obtaining valuable insights from platforms like Booking.com and TripAdvisor, allowing them to adapt to changing market dynamics.

iWeb Data Scraping offers a comprehensive perspective, tracking store closures and openings in various sectors, including supermarkets, discount stores, department stores, and healthcare. It provides access to datasets featuring information such as store openings, closures, parking availability, in-store pickup options, services, subsidiaries, nearest competitor stores, and more. Texas has the highest hotel count, boasting 2,300 locations, followed by California with 1,700 and Florida with 1,400.

[digiroadsabhisheksaini]

Impact of COVID-19 on the Global Soft Drinks Market

The COVID-19 pandemic has left no industry untouched, and the global soft drinks market is no exception. From disruptions in supply chains to shifts in consumer behaviour, the pandemic has profoundly affected how soft drink companies operate and strategize for the future. This blog delves into the multifaceted impact of COVID-19 on the global soft drinks market, highlighting key trends and changes that have emerged over the past few years.

Supply Chain Disruptions

One of the immediate impacts of COVID-19 on the global soft drinks market was the disruption of supply chains. Lockdowns and restrictions imposed to curb the spread of the virus led to significant logistical challenges. Manufacturing plants faced shutdowns or reduced operations, and the transportation of raw materials and finished products was severely hampered. This caused delays and shortages, pushing companies to reassess their supply chain strategies and consider diversifying their sources to mitigate future risks.

Shifts in Consumer Behavior

The pandemic brought about a noticeable shift in consumer behaviour. With many people confined to their homes, there was a marked increase in the consumption of beverages at home. This shift favoured certain segments of the soft drinks market, such as ready-to-drink teas, flavoured water, and health-oriented beverages. Consumers became more health-conscious, leading to a surge in demand for drinks perceived as healthier alternatives to traditional sugary sodas.

E-commerce and Direct-to-Consumer Sales

With social distancing measures in place, e-commerce became a crucial channel for the global soft drinks market. Companies quickly adapted by ramping up their online presence and direct-to-consumer (DTC) sales models. This pivot not only helped maintain sales during lockdowns but also provided valuable data on consumer preferences and buying patterns. Brands that effectively leveraged e-commerce and DTC sales channels managed to stay competitive despite the challenging retail environment.

Innovations and New Product Launches

The pandemic accelerated innovation within the global soft drinks market. Companies introduced new products to meet changing consumer demands, focusing on health benefits, immunity-boosting ingredients, and functional beverages. For instance, drinks fortified with vitamins, minerals, and natural ingredients saw increased popularity. Additionally, the trend towards sustainability gained momentum, with brands investing in eco-friendly packaging and production practices to appeal to environmentally conscious consumers.

Impact on HoReCa Sector

The Hotel, Restaurant, and Café (HoReCa) sector, a significant market for soft drink sales, was severely impacted by the pandemic. With widespread closures and restrictions, sales in this channel plummeted. This forced soft drink manufacturers to reallocate resources and efforts towards retail and online channels. While the HoReCa sector is gradually recovering, the pandemic has highlighted the need for diversification and flexibility in distribution strategies.

Recovery and Future Outlook

As the world slowly recovers from the pandemic, the global soft drinks market is poised for a rebound. The accelerated adoption of digital transformation and innovation will continue to shape the market landscape. Companies are likely to invest more in resilient supply chains, health-oriented products, and sustainable practices. Moreover, the lessons learned during the pandemic will drive a more agile and responsive approach to market changes and consumer needs.

Conclusion

The COVID-19 pandemic has been a catalyst for significant changes in the global soft drinks market. While it posed numerous challenges, it also spurred innovation, digital transformation, and a heightened focus on health and sustainability. As the market navigates post-pandemic recovery, the strategies adopted during this period will play a crucial role in shaping the future of the industry. The ability to adapt to new consumer behaviours, leverage technology, and ensure supply chain resilience will determine the success of soft drink companies in the coming years.

[cognimarketinsights]

Smudging Sticks Market Market Insights: Evaluating Growth Opportunities till 2032

New Research Report on “Smudging Sticks Market Market” provide insightful data on the main market segments, dynamics, growth potentials and future prospects of industry. The study covers complete analysis on changing market trends for industry. The report shows the year-on-year growth of each segment and touches upon the different factors that are likely to impact the growth of each market segment. Each segment has analyzed completely on the basis of its production, consumption as well as revenue. And also offers Smudging Sticks Market market size and share of each separate segment in the industry.

Get a Sample Copy of the Report at - https://www.proficientmarketinsights.com/enquiry/request-sample/1321

The global smudging sticks market size expanded US$ 72.5 million in 2024 and the market is projected to reach US$ 114.2 million in 2031, exhibiting a prodigious 6.5 % CAGR during the forecast period.

Top Key Players in the Smudging Sticks Market Market:

Alternative Imagination (U.S.)

HEM (India)

Satya (India)

SHOYEIDO (Japan)

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The Smudging Sticks Market market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Market split by Type, can be divided into:

Sandalwood

Floral Fragrance

Others

Market split by Application, can be divided into:

Hotel

Restaurant

Cafe

Family

Others

Report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our Smudging Sticks Market market covers the following areas:

Smudging Sticks Market market sizing

Smudging Sticks Market market forecast

Smudging Sticks Market market industry analysis

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What Global Smudging Sticks Market Market Report Offers?

Provides strategic profiling of key players in the Smudging Sticks Market market.

Drawing a competitive landscape for the world Smudging Sticks Market industry.

Describes insights about factors affecting the Smudging Sticks Market market growth.

Analyze the Smudging Sticks Market industry share based on various factors- price analysis, supply chain analysis etc.

Extensive analysis of the industry structure along with Smudging Sticks Market market forecast 2020-2024.

Granular Analysis with respect to the current Smudging Sticks Market industry size and future perspective.

Regions Covered in Smudging Sticks Market Market Report:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

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[xenonmarket]

Online to Offline Commerce Market Overview: Exploring Industry Expansion by 2032

New Research Report on “Online to Offline Commerce Market” provide insightful data on the main market segments, dynamics, growth potentials and future prospects of industry. The study covers complete analysis on changing market trends for industry. The report shows the year-on-year growth of each segment and touches upon the different factors that are likely to impact the growth of each market segment. Each segment has analyzed completely on the basis of its production, consumption as well as revenue. And also offers Online to Offline Commerce market size and share of each separate segment in the industry.

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The global Online to Offline Commerce Market size was USD 303048.50 million in 2024 and the market is projected to touch USD 753666.10 million by 2031, exhibiting a CAGR of 13.9% during the forecast period.

Top Key Players in the Online to Offline Commerce Market:

Booking Holdings: (United States)

Expedia (United States)

Uber( United States)

Didi Chuxing (China)

Airbnb (United States)

Ctrip (Trip.com Group) (China)

com (China)

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The Online to Offline Commerce market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Market split by Type, can be divided into:

Group-Buying Platform

Online Shopping Platform

Business Circle Platform

Market split by Application, can be divided into:

Travel & Tourism

Hotel Booking

Ridesharing

Restaurant

Others

Report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our Online to Offline Commerce market covers the following areas:

Online to Offline Commerce market sizing

Online to Offline Commerce market forecast

Online to Offline Commerce market industry analysis

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What Global Online to Offline Commerce Market Report Offers?

Provides strategic profiling of key players in the Online to Offline Commerce market.

Drawing a competitive landscape for the world Online to Offline Commerce industry.

Describes insights about factors affecting the Online to Offline Commerce market growth.

Analyze the Online to Offline Commerce industry share based on various factors- price analysis, supply chain analysis etc.

Extensive analysis of the industry structure along with Online to Offline Commerce market forecast 2020-2024.

Granular Analysis with respect to the current Online to Offline Commerce industry size and future perspective.

Regions Covered in Online to Offline Commerce Market Report:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

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[quantmarketinsight]

Smudging Sticks Market Market Insights: Evaluating Growth Opportunities till 2032

New Research Report on “Smudging Sticks Market Market” provide insightful data on the main market segments, dynamics, growth potentials and future prospects of industry. The study covers complete analysis on changing market trends for industry. The report shows the year-on-year growth of each segment and touches upon the different factors that are likely to impact the growth of each market segment. Each segment has analyzed completely on the basis of its production, consumption as well as revenue. And also offers Smudging Sticks Market market size and share of each separate segment in the industry.

Get a Sample Copy of the Report at - https://www.proficientmarketinsights.com/enquiry/request-sample/1321

The global smudging sticks market size expanded US$ 72.5 million in 2024 and the market is projected to reach US$ 114.2 million in 2031, exhibiting a prodigious 6.5 % CAGR during the forecast period.

Top Key Players in the Smudging Sticks Market Market:

Alternative Imagination (U.S.)

HEM (India)

Satya (India)

SHOYEIDO (Japan)

Request Sample for Covid-19 Impact Analysis - https://www.proficientmarketinsights.com/enquiry/request-covid19/1321

The Smudging Sticks Market market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Market split by Type, can be divided into:

Sandalwood

Floral Fragrance

Others

Market split by Application, can be divided into:

Hotel

Restaurant

Cafe

Family

Others

Report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our Smudging Sticks Market market covers the following areas:

Smudging Sticks Market market sizing

Smudging Sticks Market market forecast

Smudging Sticks Market market industry analysis

Inquire or Share Your Questions If Any Before the Purchasing This Report -https://www.proficientmarketinsights.com/enquiry/pre-order-enquiry/1321

What Global Smudging Sticks Market Market Report Offers?

Provides strategic profiling of key players in the Smudging Sticks Market market.

Drawing a competitive landscape for the world Smudging Sticks Market industry.

Describes insights about factors affecting the Smudging Sticks Market market growth.

Analyze the Smudging Sticks Market industry share based on various factors- price analysis, supply chain analysis etc.

Extensive analysis of the industry structure along with Smudging Sticks Market market forecast 2020-2024.

Granular Analysis with respect to the current Smudging Sticks Market industry size and future perspective.

Regions Covered in Smudging Sticks Market Market Report:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

Purchase this Report (Price 2900 USD for a Single-User License) - https://www.proficientmarketinsights.com/purchase/1321

[nexonmarketinsights12]

Percolation Coffee Pot Market Analysis: Understanding Trends and Dynamics by 2032

New Research Report on “Percolation Coffee Pot Market” provide insightful data on the main market segments, dynamics, growth potentials and future prospects of industry. The study covers complete analysis on changing market trends for industry. The report shows the year-on-year growth of each segment and touches upon the different factors that are likely to impact the growth of each market segment. Each segment has analyzed completely on the basis of its production, consumption as well as revenue. And also offers Percolation Coffee Pot market size and share of each separate segment in the industry.

Get a Sample Copy of the Report at - https://www.proficientmarketinsights.com/enquiry/request-sample/1486

The global Percolation Coffee Pot Market size was valued at USD 1060.2 million in 2024 and is anticipated to reach USD 1717.9 million by 2031, witnessing a CAGR of 7.2% during the forecast period 2024-2031.

Top Key Players in the Percolation Coffee Pot Market:

BUNN - (U.S.)

Jacobs Douwe Egberts (JDE) - Netherlands

Grindmaster-Cecilware (U.S.)

Hamilton Beach Brands (U.S.)

Wilbur Curtis (U.S.)

Avantco Equipment (U.S.)

Bravilor Bonamat (Netherlands)

Franke Group (Switzerland)

FETCO (U.S.)

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The Percolation Coffee Pot market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Market split by Type, can be divided into:

Satellite Brewers

Decanter Brewers

Airpot Brewers

Coffee Urns

Market split by Application, can be divided into:

Coffee Shops

Restaurants

Hotels

Others

Report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our Percolation Coffee Pot market covers the following areas:

Percolation Coffee Pot market sizing

Percolation Coffee Pot market forecast

Percolation Coffee Pot market industry analysis

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What Global Percolation Coffee Pot Market Report Offers?

Provides strategic profiling of key players in the Percolation Coffee Pot market.

Drawing a competitive landscape for the world Percolation Coffee Pot industry.

Describes insights about factors affecting the Percolation Coffee Pot market growth.

Analyze the Percolation Coffee Pot industry share based on various factors- price analysis, supply chain analysis etc.

Extensive analysis of the industry structure along with Percolation Coffee Pot market forecast 2020-2024.

Granular Analysis with respect to the current Percolation Coffee Pot industry size and future perspective.

Regions Covered in Percolation Coffee Pot Market Report:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

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[coherentmarketinsights]

Analyzing Trends and Opportunities in the Cocoa Market: A Comprehensive Overview

The Cocoa market will grow at highest pace owing to increasing demand from emerging economies like India and China. Cocoa is derived from the cacao tree and primarily used to produce chocolate and cocoa powder. It finds widespread application in the food & beverage industry for producing products like chocolate, candy, drinks, and bakery items. Cocoa has high nutritional value and contains minerals, vitamins, fiber, flavonoids, and antioxidants that offer several health benefits. As a result, demand for cocoa and cocoa-based products is on the rise globally. The global cocoa market is estimated to be valued at US$ 11,499.6 Mn in 2024 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the cocoa market are The Barry Callebaut Group, The Hershey Company, Nestlé S.A., Cargill Incorporated, Puratos Group, Cémoi, Mars, Incorporated, Blommer Chocolate Company, Meiji Holdings Company, Ltd., Carlyle Cocoa, Jindal Cocoa, and United Cocoa Processor. These players are focusing on geographical expansion, product innovation, and mergers & acquisitions to gain a competitive edge in the market. The demand for cocoa is increasing significantly owing to rising consumption of chocolates and bakery items globally. Growing health awareness has also boosted demand for cocoa-based products due to associated health benefits. Moreover, changing lifestyles, inflating incomes, and westernization are fueling the growth of cocoa consumption in emerging economies. Technological advancements in cocoa processing such as innovative roasting and grinding techniques have improved the quality and efficiency of cocoa production. Advanced crop protection solutions and high-yielding cocoa varieties introduced by key players are also supporting market growth. Market Opportunities - Emerging Economies: Emerging countries like India, China, Brazil, and Indonesia offer lucrative opportunities for cocoa market players owing to growing middle-class population, improving living standards, and shifting dietary preferences in these regions. - E-Commerce Platforms: Online retail platforms provide an efficient channel for companies to promote and sell a variety of cocoa and chocolate products to consumers. Growing internet and smartphone penetration globally will aid the cocoa-based product sales through e-commerce retailers. Impact of COVID-19 on Cocoa Market Growth The COVID-19 pandemic has negatively impacted the growth of the global cocoa market. The strict lockdowns imposed by governments around the world led to severe disruptions in production and supply chains. Farmers faced difficulties in harvesting and processing cocoa beans due to travel restrictions and shortage of labor. Cocoa production fell significantly in major producing countries like Cote d'Ivoire and Ghana. On the demand side, the sharp decline in economic activities impacted the demand for cocoa and related products from industrial as well as retail consumers. Hotels, restaurants and cafe business came to a standstill affecting the foodservice demand for cocoa. The cocoa price crashed to a three-year low level in 2020.

[blueweave8]

Automatic Door and Window Market Scope, Report 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Automatic Door and Window Market size at USD 16.76 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Automatic Door and Window Market size to expand at a CAGR of 5.89% reaching a value of USD 24.23 billion by 2030. The growing construction of different residential and commercial complexes and fast infrastructural development are major driving factors for the Global Automatic Door and Window Market. Furthermore, there is a growing emphasis on giving the aged and disabled convenient mobility options with advancements in automation technology, which is expected to further drive the market during the period in analysis.

Opportunity: Increasing number of commercial and residential building construction projects

The Global Automatic Door and Window Market is segmented into industrial production units, public transit systems, commercial buildings, entertainment centers, residential buildings, airports, education buildings, healthcare facilities, hotels & restaurants, and others, based on end user. The commercial buildings segment accounts for the highest market share owing to the increasing number of construction projects of office buildings, warehouses, and retail space. Automation in commercial buildings plays a major role in attracting visitors as well as boosting their market value. It also provides convenience to its visitors, especially the elderly and disabled.

Impact of Escalating Geopolitical Tensions on Global Automatic Door and Window Market

The escalating geopolitical tensions are negatively impacting the growth of the Global Automatic Door and Window Market. Wars and regional conflicts disrupt the infrastructural projects in the countries involved, which consequently affects the demand for automatic doors and windows. Furthermore, geopolitical tensions also disrupt the supply chain of the automatic door and window market. Israel, for instance, is a leading exporter of automatic door closures to various countries, including Russia, India, Germany, and the United States. However, the heightened conflicts between Israel and Hamas are affecting the supply of major components of automatic doors and windows in these countries, which is anticipated to limit its global market growth.

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Global Automatic Door and Window Market

Segmental Coverage

Global Automatic Door and Window Market – By Control System

Based on control system, the Global Automatic Door and Window Market is segmented into fully automatic, push & go, power assist, and low energy. The fully automatic segment holds the largest share in the Global Automatic Door and Window Market by control system. Using automatic doors to conserve conditioned air can help in decreasing buildings' heating and cooling expenses. Additionally, during the COVID-19 pandemic, there was a sharp increase in demand for automatic doors and windows, particularly in healthcare institutions, as an automatic door eliminates the need for people to touch communal areas like doorknobs. It can help lower the chance of pathogens spreading.

Global Automatic Door and Window Market – By Region

The in-depth research report on the Global Automatic Door and Window Market covers a number of country-specific markets across five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. Asia Pacific dominates the Global Automatic Door and Window Market. The increasing construction activities for infrastructural development in emerging economies such as China and India fuel the growth of the regional market. The most populous countries in the world are significantly investing in the construction of commercial and residential facilities to facilitate growing populations across urban areas and strengthen public infrastructure.

Competitive Landscape

Major players operating in the Global Automatic Door and Window Market include ASSA ABLOY, Boon Edam, Nabtesco Corporation, GEZE GmbH, Dormakaba Group, Honeywell International Inc., Allegion Plc., Stanley Black & Decker, Inc., Came S.p.A., Insteon, ABB Group, Siemens AG, and Schneider Electric.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches. 

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BlueWeave Consulting & Research Pvt Ltd

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[researchintelligence]

Commercial Refrigeration Equipment Market Share, Size, Industry Growth and Forecast By 2030

The Commercial Refrigeration Equipment market research report offers an in-depth analysis of the industry as well as critical insights to assist businesses and key players in developing effective strategies. The study also takes into account advancements in market technology and product development. According to the report, the market is expected to grow significantly over the forecasted time period. Using historical data, the study examines key segments and sub-segments, revenue, industrial chain analysis, and demand and supply statistics.

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Top Keyplayers:

AHT Cooling Systems GmbH, Ali Group S.r.l. a Socio Unico, Carrier, Daikin Industries Ltd, Dover Corporation, Electrolux AB, Hussmann Corporation, Illinois Tool Works Inc., Johnson Control, Lennox International Inc., Panasonic Corporation, Whirlpool Corporation and Other Players

Market Segmentation View

By Product Type

Deep Freezers

Bottle Coolers

Storage Water Coolers

Commercial Kitchen Refrigeration

Medical Refrigeration

Chest Refrigeration

Others

By End User

Full-Service Restaurant & Hotels

Food Processing Industry

Hospitals

Retail Pharmacies

Supermarket/Hypermarket

Convenience Stores

Quick Service Restaurants

Others

By System type

Self-contained

Remotely Operated

The report covers the growth process, as well as macroeconomic and microeconomic factors, raw material source studies, and other technical data. The study includes both downstream and upstream market fundamentals for a complete value chain analysis. In the study, the Commercial Refrigeration Equipment market is further segmented by type, application, and region, with information on the segments with the highest penetration and profit margins, as well as current regional trends.

COVID-19 Impact Analysis

This research report examines the impact of the epidemic on demand and patterns, as well as the significant market challenges it has caused. This aspect of the research will aid market participants in preparing for future pandemics. The impact of the COVID-19 pandemic on the Commercial Refrigeration Equipment market, as well as important trends, are investigated during the market study. This report thoroughly examines the impact of the COVID-19 pandemic on market growth in the present and future. This critical information will assist market participants in preparing for a pandemic.

Competitive Scenario

Price analyses, revenue estimates, gross profit margins, corporate expansion strategies, and other critical factors are included in the research, providing readers with a comprehensive understanding of each company in the market. In the Commercial Refrigeration Equipment industry, mergers and acquisitions, joint ventures, product launches, brand promotions, partnerships, corporate and government agreements, and other activities are all investigated.

Reasons to Purchase the Commercial Refrigeration Equipment Market Report

An in-depth segmentation research with detailed statistics, as well as a thorough examination of the Commercial Refrigeration Equipment market.

An in-depth examination of the competitive landscape to provide businesses with a competitive advantage.

A snapshot of the market's ever-changing dynamics that will have a significant impact on the market during the forecast period.

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Report Conclusion

Thank you for taking the time to read our report. Our team will make certain that the report is tailored to your specific requirements. Please contact us if you have any further questions or would like to learn more about report customization.

About US:

SNS Insider is a frontrunner in global market research and consulting. We empower clients with the insights they need to navigate evolving landscapes.

Our team leverages a global network to deliver cutting-edge market data, consumer trends, and actionable insights. Through surveys, focus groups, and video discussions, we provide the information you need to make confident decisions.

We are committed to delivering reliable data across a wide range of industries. Recognized as a global leader, we have the expertise to design and implement tailored research programs, from surveys to focus groups, catering to virtually any sector.

Key improvements:

Stronger verbs and adjectives: uses words like "frontrunner," "empower," "navigate," "cutting-edge," to create a more dynamic and confident tone.

Focus on benefits: emphasizes how SNS Insider helps clients make confident decisions and navigate change.

Conciseness: streamlines the text while maintaining key information.

Actionable language: highlights the "tailored" research programs offered by SNS Insider.

Contact Us: Akash Anand – Head of Business Development & Strategy info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

[chemicalsectorupdates]

Navigating Regulatory Frameworks in the Frozen Food Market

The Frozen Food market will grow at highest pace owing to increasing demand for convenient food products The frozen food market includes various frozen food products such as frozen pizza, meat products, seafood, vegetables, fruits, ready meals, French fries and other similar food products. Frozen food items are conveniently stored and have a longer shelf life as compared to fresh food items due to freezing at extremely low temperatures which slows down the growth of microorganisms. Frozen food items offer a variety of choices to consumers in terms of variety, flavor and can be cooked quickly. The global frozen food market is estimated to be valued at US$ 167116.37 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030. Market Trends Health and wellness trend - The increasing health consciousness among consumers has driven demand for frozen foods that are low in calories, fat, sugar and sodium. Many frozen food manufacturers are offering product lines focused on natural and organic ingredients. Sustainability - Issues like food wastage and packaging waste have prompted frozen food producers to adopt sustainable sourcing and packaging practices. Companies are using more recyclable and eco-friendly materials for frozen food packaging. Market Opportunities Millennials and Generation Z - Younger consumer groups are fueling demand for nutrition-rich frozen meals and snacks on-the-go due to their fast-paced lifestyles. Players can launch products tailored to the tastes and preferences of these demographic segments. Plant-based frozen foods - Vegetarianism and veganism are on the rise globally due to health and environmental reasons. There is opportunity to develop more innovative frozen food options from plant-based ingredients like meat alternatives, dairy substitutes etc. Impact of COVID-19 on Frozen Food Market Growth The COVID-19 pandemic has significantly impacted the growth of the frozen food market globally. During the initial lockdown phases in early 2020, a significant decline in the sales of frozen food products was witnessed due to closure of hotels, restaurants, and limited operations of retail stores. The supply chain disruptions caused shortages and impacted the availability of products in stores. Fastest Growing Region for Frozen Food Market The Asia Pacific region is expected to be the fastest growing market for frozen foods over the forecast period. The increasing population, rapid urbanization, rising disposable income, and changing food consumption patterns are some of the key factors fueling the demand for frozen foods in Asia Pacific countries like China, India and Japan. The growth of modern retail formats like supermarkets and hypermarkets has enhanced the availability and visibility of frozen food products across major APAC cities. Moreover, growing working women population opting for convenient ready-to-eat or cook meals is propelling the market growth in the region. Leading global frozen food players are focusing on penetrating untapped markets in South East Asian countries by adapting innovative marketing strategies and localization of products. The APAC frozen food market is anticipated to attract significant investments due to availability of resources, low production costs and growing frozen food consumption trend among Asian consumers.