Friday, 10 August 2018

Ready-to-eat meals to placate short hunger

The U.S. savory snacks market size is anticipated to reach worth USD 49.37 billion by 2025, registering considerable growth over the forecast period. The U.S. is the largest consumer of savory snacks across the globe. Increasing working population along with rising disposable income of people is likely to provide a fillip to the market. Additionally, changing consumer taste preferences towards healthy food are estimated to stoke the growth of the market.
Increasing demand for indulgence flavors among consumers is one of the key drivers for te U.S. savory snacks market. The market is segmented into potato chips, processed chips, nuts & seeds, meat snacks, and others on the basis of type. The potato chips segment is expected to account for the leading share in the market throughout the forecast period. Nevertheless, the processed chips and nuts & seeds segments are projected to post significant CAGRs during the forecast period.
Until a few years ago, snacks were considered as break-time food. Whereas, in recent times, people eat snacks on a regular basis as an additional meal during the daytime. Gradually, people in the country have developed habit of eating snacks during movies, shows, short hauls, and work. This scenario is poised to fuel the consumption of savory snacks in the county. Additionally, factors such as increasing population, changing food culture, urbanization, and mounting demand from lower income groups are translating into a greater uptake of the product.
Distribution channels primarily include online and offline channels. Rising income levels and presence of many convenience stores, hypermarkets, supermarkets, and retail shops are tending people towards bulk purchases of savory snacks. Offline channels command a larger share in the market. Base of working population is increasingly expanding and people rely on time-saving products. Owing to busy work life, people are buying more convenient food items, thus boosting the demand for ready to eat meals and snacks.
There is a strong demand for a wide variety of snacks among the populace, which is encouraging companies to launch new and innovative snack items. Many players are continuously launching new products, experimenting with their shape, flavor, and taste, in order to meet the industry demand and satisfy palate expectations of consumers. Moreover, increase in research and development activities in the field for offering new and healthy flavors to consumers coupled with availability of a wide variety of existing flavors are helping the market gain tremendous traction.
The U.S. savory snacks market is highly fragmented with presence of several large and small players dealing in the industry. Some of the major players operating in the market are PepsiCo Foods; McCain Foods; Lamb Weston Holdings, Inc.; Kellogg Co.; and Calbee North America. Industry players are largely involved in mergers and acquisitions and introduction of new and innovative products to enlarge company’s product portfolio and consolidate their position in the market.
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Hexa Research has segmented the U.S. savory snacks market report based on type and distribution channel
Segmentation by type, 2015 - 2025 (USD Billion)
    • Potato chips
    • Processed chips
    • Nuts & seeds
    • Meat snacks
    • Others
Segmentation by Distribution Channel, 2017 (% share)
    • Online
    • Offline
Key players analyzed
    • PepsiCo Foods
    • McCain Foods
    • Lamb Weston Holdings, Inc. 
    • Kellogg Co.
    • Calbee North America

Wednesday, 8 August 2018

Durability and cost-effectiveness of fiber optics to boost growth

The U.S. fiber optic market size is expected to reach USD 3.56 billion by 2025. This growth is attributed to increasing demand from widespread applications owing to its high quality, cost-effectiveness, durability, and scalability over the past few years. This has introduced potential opportunities in passive telecommunication infrastructures, such as fixed line cabling, data centers, and communication towers.

Institutional investors are lured by reliable returns and long-term contracts with telecom operators, thus, aiding the U.S. fiber optic market. Key factors affecting the future competitiveness of the U.S. fiber optics industry include access to foreign markets and the ability of the industry to develop new technologies.
The emergence of a digital economy has driven the market over the past decade. High penetration of the Internet and wireless communication has led to a rise in demand for broadband transmission capacity in recent years. This, in turn, has boosted demand for optic fiber. Constant developments in Internet connectivity has simplified day-to-day lives; big data technology is one such development contributing to market expansion. The adoption rate of fiber optic connection in various end-use applications in North America is approximately 8.4% and is expected to increase over the forecast period. This growth is attributed to government initiatives to connect to underserved areas.
Fiber optics are also used in military and satellite remote sensing operations, which is also likely to boost their demand. Moreover, increasing scope of application in the medical sector, such as in laser delivery system, equipment interconnects, and light conductors, is also slated to drive the market over the next few years. Traditionally, these materials were commonly used for light therapy, clinical diagnostics, ophthalmic laser, x-ray imaging, endoscopy, microscopy, and others.
Fiber sensing technology is widely used in the oil and gas sector and is expected to grow at a significant rate during the next few years. Safety and efficient production have become an essential part of offshore and onshore oil and gas operations. Optical fibers, which can withstand high temperature/pressure and harsh environments, are suitable for such applications. Thus, manufacturers are launching efficient and durable products targeting specific industries. For instance, Furukawa Company provides a fully distributed sensor with fibers such as graded and single mode. Increasing deployment of optical fibers as sensing elements in non-transmission applications in various industries is expected to drive the market in the coming years.
Industrial use is expected to be the fastest-growing segment over the forecast period. The cable installers segment held the largest market share owing to the high adoption of optic fibers in offices and house/building connectivity. The innovative and popular concept of smart homes is also expected to drive the fiber optic market in the coming years.
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Hexa Research has segmented the U.S. fiber optic market report based on product type and end-use
Segmentation by product type, 2015 - 2025 (USD Billion)

    • Single mode cable
    • Multi-mode cable
Segmentation by end use, 2015 - 2025 (USD Billion)

    • Cable installers
    • Wholesalers & Distributors
    • Industrial users
Key players analyzed:

    • Corning Incorporated
    • Optical Cable Corporation
    • US Conec Ltd.
    • The Furukawa Electric Co. Ltd.

Monday, 6 August 2018

Advanced manufacturing techniques for apparel to propel adoption

The Brazil apparel market is projected to reach USD 42.80 billion by 2025, expanding at a substantial CAGR over the forecast period. Rising disposable income of people and growing consciousness for international fashion trends are the key factors contributing to the growth of the market. Factors such as an increasing shift towards international fashion along with the spiraling number of retail outlets in the market are anticipated to encourage Brazilian people to adopt fashionable apparel.

Diversified manufacturing activities, digitalization, and proliferation of smartphones are likely to have a positive impact on the sales of apparel in Brazil owing to time-saving and convenience factors. Brazil is one of the largest exporters of apparel and fashionable goods. Arab countries are some of the largest importers of apparels and textiles from Brazil. The United Arab Emirates accounted for the highest imports from Brazil, followed by Egypt, Algeria, and Morocco. Advanced techniques used in manufacturing industry items would probably help manufacturers to meet the global demand from various countries.
The country has experienced sluggish growth in the apparel and textile industry owing to its economic downfall. Economic downturn recorded during the year 2015-16 left the apparel industry highly affected. Nevertheless, with the recovering economy, the apparel industry is expected to rebound over the coming years. A heightened interest of the government and private players in country’s apparel and textile industry has contributed in making the country one among the top textile producing countries. Brazil is also marked as one of the leading countries in the consumption of hygiene textiles. On that front, it is estimated to record double-digit growth in the coming years.
Rising disposable income coupled with improved fashion trends among the young generation is projected to drive the apparel industry. Additionally, widening the base of young population and changing trends associated with fashionable goods is playing an imperative role in the development of the market. The Brazilian government is supporting small vendors by providing subsidies and large companies by minimizing trade barriers to develop the favorable business environment in the country.
The Brazil apparel industry has been reviewed on the basis of type and distribution channel. Based on the type, the market is divided into women, men, and children’s apparel. Furthermore, the market is bifurcated into online and offline distribution channels, on the basis of distribution channels. Offline distribution channel includes sales through hypermarkets, supermarkets, retails outlets, and departmental stores.
The market is marked by the presence of many small and large companies operating in online and offline business. Some of the key players in the market are Nike; Adidas; Puma; WinCraft; and Tee Spring, Inc. Additionally, local and small retailer dealing in the market contribute more than half of the total revenue generated by the overall manufacturers and sellers in the country, making it a highly fragmented domestic retail apparel industry.
Small manufacturers are merging their companies with large players to increase company profits as this strategy will help them in selling their products under popular brand names. Mergers and acquisitions help companies to expand their product offerings. Wholesalers and manufacturers are focusing on innovative ways of selling their products directly to consumers, which will cut down the middlemen cost and subsequently be decreasing the cost of products. Online platforms and channels assist in establishing a strong and direct relationship between wholesalers and consumers.
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Hexa Research has segmented the Brazil apparel market report based on type and distribution channel:
Segmentation by Type, 2015 - 2025 (USD Million)
    • Women
    • Men
    • Children
Segmentation by Distribution Channel, 2017 (% share)
    • Online
    • Offline
Key players analyzed
    • Adidas
    • Nike
    • Puma
    • WinCraft  

Friday, 3 August 2018

Rising environmental awareness and uses of disposable batteries to boost growth

The U.S. battery recycling market size is expected to reach USD 1.36 billion by 2025 as a result of increasing demand from widespread applications. Stringent regulations due to rising environmental concerns are driving the battery-recycling sector. Manufacturing of batteries results in high energy consumption and pollution due to CO2 emissions, which further affects the environment. Hence, the government has set up laws and regulations regarding manufacturing and disposal of batteries.

Significant lead emissions are reported annually, ranging from 5 kg to 12,250 kg. Excessive emissions can act as a threat to the recycling market. For instance, in 2015, the Exide Technologies plant in Verona was shut down by the government owing to excessive pollution and contamination of the neighborhood, exposing the surroundings with toxic and harmful substances. It contributed to 3,400 pounds of lead emitted, causing air pollution and soil contamination.
New innovative techniques are being developed for sustainable ways to recycle batteries, which is also anticipated to boost market demand. Recently-developed battery recycling methods directly spit out the compound and can be used in new batteries right away. This process is expected to shorten the cost, complexity, and energy requirements of conventional recycling techniques. This factor is also anticipated to have a positive impact on market expansion over the next few years. The direct technology of structuring the cathode material being used by two major market players, Farasis Energy and OnTo Technologies, is also expected to spur the U.S. battery recycling market.
Furthermore, increasing demand for batteries from the automotive sector is driving the growth of lead-acid batteries as disposal of such batteries is illegal in most states. Thus, these batteries are returned to manufacturers through back-haul channels, reducing transportation expenses. A lead acid battery is a dominant segment due to a simple process of recycling. Extracted components of these batteries can be readily used for manufacturing new ones. Automated technology for battery disassembly has also driven the lead-acid battery recycling segment over the past few years.
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Hexa Research has segmented the U.S. battery recycling market report based on product type and end-use:
Segmentation by product type, 2015 - 2025 (USD Billion)
    • Lead Acid
    • Lithium Ion
    • Nickel Batteries
Segmentation by end use, 2015 - 2025 (USD Billion)
    • Manufacturers
    • Wholesalers
Key players analyzed:
    • Call2Recycle, Inc.
    • Aqua Metals
    • Exide Technologies
    • Johnson Controls International Plc
    • EnerSys

Thursday, 2 August 2018

Low chemical content to be the winning bet for organic foods

The U.S. organic food market size is expected to reach USD 70.4 billion by 2025 as a result of increasing demand from consumers. Consumers in U.S. seek convenient purchasing options and organic food, which is now easily available, is gaining popularity. These food products are available in more than 20,000 natural food stores and conventional grocery stores across the country.

Over the past decade, organic food has witnessed significant growth. Sold initially only around farms, today it is available at local grocery stores, supermarkets, and hypermarkets. For instance, Walmart sells organic produce from local farms in their grocery section. Thus, increasing preference for local produce among consumers is also expected to drive the organic food industry over the forecast period.
Furthermore, people are now increasingly aware of the use of chemicals and pesticides in the food industry. Various widely-used pesticides can cause chronic diseases such as cancer and birth defects. For instance, scientists found that glyphosate, a widely-used herbicide in agriculture, can lead to various diseases such as reproductive problems, cancer, and damaged DNA. Today glyphosate is increasingly being used in about 94% soya crops and more than 89% corn cultivated in U.S. As organic products are free of Genetically Modified Organisms (GMOs) and toxic chemicals, they are perceived safe for consumption. Thus, rising health concerns owing to use of synthetic pesticides and herbicides is expected to drive the organic food market over the forecast period.
Increasing environmental concerns among consumers are expected to drive demand for natural food produce in U.S. Organic farming benefits the environment; these practices help maintain soil pH levels and prevent growth of super-pest strains. Organic farming helps maintain biodiversity as it supports pollinators and is free of herbicides and pesticides. People are increasingly concerned about what they eat, the origin of that produce, and the possible effect of consuming them. Hence, rising number of consumers seeking clean label products is expected to drive the U.S. organic food market over the forecast period.
The government has also developed special logos for customers to easily differentiate between organic and conventional foods. These certifications are expected to increase the sale of organic foods. Moreover, sustainability practices such as zero waste and water preservation are gaining popularity among major producers. For instance, in April 2016, Natures Path earned two zero waste certifications for two of its manufacturing facilities. Zero waste helps reduce plastic pollution, landfill, and burying waste, thus, reducing environmental impact. Manufacturers are focusing on reducing their carbon footprint by adopting renewable energy sources. All these factors are anticipated to attract consumers and drive the U.S. organic food market over the forecast period.
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Hexa Research has segmented the U.S. organic food market report based on type
Segmentation by type, 2015 - 2025 (USD Billion)
   • Fruits & Vegetables
    • Dairy Products
    • Prepared Food
    • Beverages
    • Others
Key players analyzed:
    • Nature’s Path Foods
    • Amy’s Kitchen, Inc.
    • The Whitewave Foods Company

Wednesday, 1 August 2018

Consumer willingness for pet care and demand for functional products on the rise

The U.S. online pet food and supplies market is expected to reach USD 6.13 billion by 2025. Online sales of pet food and other products have increased significantly over the past few years. Driven by rising pet ownership in the U.S., demand for pet products is expected to surge over the next few years. Supported by tech-savvy consumers, especially millennials looking for easy and bulk purchase and delivery of pet products, the online pet food and supplies market is anticipated to witness strong growth in U.S. Factors such as convenient shopping, availability of imported and discounted local pet products, and price comparisons, the market is witnessing a rise in adoption.




The American Pet Product Association (APPA) stated that millennials are the largest segment of pet owners. According to their survey on pet parents, millennials tend to invest more time and money on pets and seek for more information on veterinary products and pet health online. Thus, the high number of tech-savvy pet parents is expected to drive the U.S. pet food and supplies market over the forecast period.
The willingness of consumers to spend on pet care is encouraging manufacturers to launch novel pet food variants and functional supplies for pets. For instance, dehydrated and canned dog and cat food have gained popularity in the U.S. Furthermore, demand for organic and natural pet food has increased recently owing to rising consciousness regarding pet health among pet parents. Manufacturers are launching chemical free products to meet a requirement of pet’s nutritional intake. For instance, Natural Pet MaxMeat, Air Dried Dry Dog Food by MaxMeat is a high protein meal pack. Thus, the easy availability of such nutritional and healthy food is expected to augment the online pet food market in the U.S.
Online availability of supplies from different vendors is projected to stimulate the growth of the U.S. online pet and supplies market in near future. For instance, Amazon offers pet supplies for cats, dogs, and other small animals, including birds, horses, fish and aquatic pets, and reptiles and amphibians online. Manufacturers are focusing on supplies such as toys, grooming products, and walking and traveling kits for pets. Easy and prompt availability of a wide range of innovative, imported, and convenient products such as trendy pet accessories, hygiene products in form of sprays, imported pet snacks, and others are also contributing to market expansion.
Easy to use products and supplies that promote pet health is estimated to attract consumers. For instance, consumers can buy chew toys for pups and horses through real-time comparison of products made available by various vendors. Moreover, pet parents today are more concerned about pet health. Thus, manufacturers are launching solutions for issues such as pet behavior, flea prevention, pest control, and others. For instance, Bayer Advantage is a topical flea treatment for dogs, made available by Bayer Animal Health. Hence, health-conscious customers are poised to drive the production of pet care products and easy online availability is anticipated to boost market growth over the forecast period.
Some of the major players in the U.S. pet food and supplies market are Chewy Inc.; Petfood Direct; Petco Animal Supplies Inc.; Amazon.Com, Inc.; and PetSmart Inc.
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Hexa Research has segmented the U.S. online pet food and supplies market report based on product type
Segmentation by product type, 2015 - 2025 (USD Billion)
    • Pet Food
    • Pet Medication
    • Pet Supplies
Key players analyzed
    • Chewy, Inc.
    • Petfood Direct 
    • Petco Animal Supplies, Inc. 
    • Amazon.Com, Inc.
    • PetSmart Inc.

Monday, 30 July 2018

Dismantling e-waste creates reuse possibilities and reduces GHG emissions

The U.S. electronic goods recycling market size is expected to reach USD 15.23 billion by 2025. Factors such as rapid industrialization, increasing demand for automobiles and consumer electronics, and growing need to manage proper utilization of natural resources are expected to propel demand for electronic goods recycling over the forthcoming years.

According to the Institute of Scrap Recycling Industries (ISRI), approximately 4.5 million tons of electronic waste (e-waste) is recycled in the U.S. every year. Electronic goods recycling refers to the conversion of electronic scrap into the useful raw material. This helps maximize natural resources and minimize the harmful impact on the environment resulting from e-waste. Usage of electronic gadgets has grown considerably over the past decade or so, transforming the speed and quality of communication, information gathering, and entertainment. The U.S. government is supporting the recycling industry by donating used electronic products, which can be converted into valuable products.
Positive economic conditions in the U.S. are boosting consumer confidence and spending power. Rising consumer disposable income is creating significant potential for the electronics goods industry, subsequently impacting the growth of the e-waste recycling market. According to ISRI, the U.S. electronic recycling market has recorded tremendous growth over the past few years. It reached the valuation of about USD 20 billion in the last few decades and employs more than 45,000 employees in the industry.
Electric scrap is generated from computers, audio-visual components, stereo equipment, plastics from monitors, keyboards, printers, and computer wires, chips and other gold-plated components, VCRs, mobile phones, and other handheld devices. This electronic waste is utilized by manufacturing industries for producing new products and components. According to ISRI, the recycling industry transforms 130 million metric tons of obsolete scrap from businesses, consumers, and manufacturers. Electronic waste made from plastic, aluminum, copper, and iron can be recycled and re-used. Companies are focusing on maximizing their profit by recycling scrap from cheaper electronic goods.
Key vendors operating in the market include Ultimate Electronic Recycling Inc.; American Iron & Electronic Goods; Armco Electronic Goods Holdings, Inc.; Commercial Electronic Goods Company. The existence of many companies is projected to improve market revenue in the future. Moreover, increasing need for proper utilization of limited natural resources is expected to open up several opportunities for market players over the forthcoming years.
Companies functioning in the market are involved in collecting, processing, and recycling industry scrap and distributing it to various gadget-manufacturing companies. Key market players are concentrating on research and development activities to expand recycling process and reduce cost and time involved during reprocessing of electronic goods.
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Hexa Research has segmented the U.S. electronic goods recycling market report based on type and end-user:
Segmentation by Type, 2015 - 2025 (USD Billion)
    • Computer Systems
    • Televisions
    • Mobile Devices
Segmentation by End-User, 2015 - 2025 (USD Billion)
    • Metal Wholesalers and Reprocessors 
    • Electronic Goods Manufacturers
    • Others
Key players analyzed
    • Ultimate Electronic Recycling Inc.
    • Armco Electronic Goods Holdings, Inc.
    • American Iron & Electronic Goods