Wednesday, 30 May 2018

Rising Health Consciousness among Consumers May Spur Germany Organic Food Market

Germany organic food market is expected to reach USD 20.7 billion by 2025 as a result of increasing demand from consumers owing to the perceived benefits of the natural product. Moreover, the increasing demand from the consumers for organic baby food is driving the natural food market owing to the nutritional benefits and chemical & pesticides free food. Thus, the parents are more inclined towards natural food fulfilling their requirement for healthy and nutritional intake of their kids. The availability of extensive product ranges and the increased network is expected to result in increased sales of organic baby food products in future. The increasing awareness of adulteration in baby food is expected to result in the growth of German organic food market over the forecast period.

Germany Organic Food Market
Furthermore, Germany is the largest European market for natural products and is driven by the high consumer spending power. The increasing organic farming is aiding in the growth of organic products in the market. However, the imports of natural and organic products have evolved significantly over the past years owing to the increase in demand from the large consumer base. This import is not limited to the products not grow in Germany but also for usual produce such as fruits and vegetables, dairy products, meat, and potatoes. Thus, the increasing import of natural products is expected to drive the growth of the Germany organic food market over the forecast period.
The increasing environmental awareness regarding the nutritional benefits of organic food among the consumers is a significant factor driving the growth of the natural food market. As organic farming conserves resources and is eco-friendly, the produce from such farms is gaining an increasing consumption among the consumers in Germany. The benefits of organic farming such as water & soil conservation, animal welfare and flora and fauna protection are expected to increase the customer inclination towards organic farm produce. This results in reduced carbon footprint owing to the sustainable farming practices. Thus, the sustainable farming activities are expected to drive the growth of the German organic food market over the forecast period.
Moreover, the Germany government initiatives to promote healthy living and chemical free food products is expected to catalyze the organic food sector. The urbanization has resulted in food quality issues and hence, the German cities are transforming the cities into food gardens. Furthermore, the city food councils in various cities such as Berlin, Kiel, and Cologne are promoting healthier and sustainable food production through community-supported agriculture. These councils have undertaken urban agricultural projects by greening the new buildings and making use of uncontaminated industrial land as community gardens. The locals are encouraged to cultivate crops and useful plants in public green areas. Thus, potato and fruit planting in neighborhoods are gaining popularity. This is helping municipal organizations to lower their public green area maintenance cost. Thus, such green areas are expected to further drive the growth of the Germany organic food market over the forecast period.
The increasing awareness of organic trade shows in Germany is expected to tempt the health-conscious customers. For instance, the BioFach in Germany is gaining popularity among the global food organic industry as well as the organic consumer base and is expected to drive the growth of the German organic food market over the forecast period.
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Hexa Research has segmented the Germany organic food market report based on type:
Segmentation by type, 2015 - 2025 (USD Billion)

    • Fruits & Vegetables
    • Prepared food
    • Dairy
    • Bread & grains
    • Meat, fish & poultry
    • Beverage
Key players analyzed:
    • Denn's Biomarkt
    • HiPP GmbH & Co. Vertrieb KG
    • Alnatura Produktions- und Handels GmbH
    • Rewe Markt GmbH
    • ALDI Einkauf GmbH & Co. oHG

Tuesday, 22 May 2018

Stylish and convenient way to correct vision from the comforts of home

The U.S. online eyewear market is expected to reach USD 505.4 million by 2025, primarily driven by increasing penetration of Internet of Things (IoT) in the eyewear and optics market. Increasing awareness regarding eye care coupled with rising number of cases with blindness and low vision are expected to drive the market over the forecast period. Availability of wide range of products such as sunglasses, spectacles, contact lenses, Rx. Sunglasses for both men and women across all the websites in the U.S. is further anticipated to fuel the market demand. 

Approximately, 2.9 million Americans have a low vision which makes the region potential market base for new as well as existing players. Around 1.3 million Americans are blind, and this number is expected to reach around 2.1 million by 2030. Moreover, increasing prevalence of eye disorders such as Age-related Macular Degeneration (AMD), Glaucoma, Diabetic Retinopathy, Cataract and Refractive Error are projected to fuel the demand for online purchase of eyeglasses.
Additionally, a busy lifestyle within working population in the U.S. prefer online shopping of accessories and another essential day to day goods. This trend is expected to drive the industry demand for the online sale of sunglasses, spectacles and contact lenses over the forecast period. Continuous availability of schemes and offers on online portals to attract customers is one of the major reason for online purchase of eyewear. This trend is likely to continue and benefit the market growth by 2025.
The glasses segment generated the highest revenue in 2017 and is estimated to do so over the forecast period on account of the wide range of products offered by the manufacturers under the segment. Rising popularity of sunglasses, as well as trendy eyeglasses, is further driving the market in future. Eyeglasses and sunglasses manufacturers are concentrating on launching new products to the consumers which are readily available for sale on online platforms. Contact lenses are expected to show linear growth on account of perception of buying contact lenses through offline means which include retail shops after consulting ophthalmologists. Daily disposable contact lenses are expected to gain popularity on account of its less price compared to counterparts.
Additionally, services which include complete customization of sunglasses as per requirements are gaining popularity in the U.S. For instance, Luxottica Group S.p.A. (Ray-Ban) provides completely customized sunglasses according to the requirement of the customer. Such strategies are expected to drive the online eyewear market over the future period.
The key players in the market include LensCrafters, ZENNI OPTICAL, Motion Global Limited, EYEBUYDIRECT.COM, Luxottica Group S.p.A. and many more. The online eyewear industry in the U.S. is characterized by the presence of many well-established players providing online as well as offline sales of their products. The players in the market are concentrating on providing latest trends in the fashion world and somehow incorporating the design philosophy in the sunglasses models to attract potential as well as existing consumers.
Key players in the industry are offering latest models and designs of products to the consumers. For instance, Ray-Ban launched Scuderia Ferrari Collection which includes design philosophy mix and matched by Ray-Ban and Ferrari S.p.A. dedicated to the SCUDERIA FERRARI which is a Formula 1 team.
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Hexa Research has segmented the U.S. online eyewear market report based on end-use:
Segmentation by end-use:
    • Glasses
    • Contact Lenses
Key players analyzed:
    • Luxottica Group S.p.A.
    • Bausch & Lomb Incorporated.
    • Frames For America, Inc.

Sunday, 13 May 2018

Singapore Frozen Food Market Size Worth USD 141.4 Million By 2024

Singapore frozen food market is expected to be valued at USD 141.4 Million By 2024. Singapore is the tourist hub of Asia Pacific region, the country is expected to have huge food industry with many restaurants, hotels, airline caterers, hospitals, ship handlers, and clubs. Singapore tends to be a strategic entry point for key exporters who are looking to tap into the vast regional market. Furthermore, well established judicial system, stable political structure, good corporate governance, and presence of strong domestic institutions have made Singapore the favorite destination for business setup and operations.

Growing urbanization coupled with rising disposable income is expected to be one of among the key drivers for the rise in purchasing power of frozen food products by local people. Frozen food market in Singapore is on the edge of further expansion owing to the rapid expansion of food outlets along with reduced tariff barriers on frozen food imports by the government. However, highly priced frozen food products from multinational brands are expected to hamper the overall frozen food segment in Singapore but, sophisticated health-conscious adults, as well as teenagers, are ready to pay premium prices for the superior quality provided.
Frozen meat products are the largest segment of the frozen food market in Singapore, accounting for a maximum market revenue share of more than 30% in the year 2016 and is expected to grow at a healthy CAGR owing to changing the perception of local people of Singapore towards frozen meat and seafood products on a positive scale.
Singapore is the tourist hub of the Asia Pacific region, the country is expected to have huge food industry with many restaurants, hotels, airline caterers, hospitals, ship handlers, and clubs. Singapore tends to be a strategic entry point for key exporters who are looking to tap into the vast regional market. The trend for ready meals and convenience food is further expected to drive the growth of frozen food market in Singapore.
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Hexa Research has segmented the Singapore frozen food market report based on type and distribution channel:

Segmentation by Type
    • Frozen ready meals
    • Frozen Pizza
    • Frozen fish/seafood
    • Frozen Meat
    • Frozen potato products
    • Frozen bakery products
    • Others
Segmentation by Distribution Channel
    • Online
    • Offline
Key players analyzed:
    • Ben Foods Pvt Ltd
    • C S Tay Foods Pvt Ltd
    • Charoen Pokphand Intertrade Pte Ltd
    • Auric Pacific Group Limited
    • Ken Ken Food Mfg. Pvt Ltd

Monday, 7 May 2018

Eco-friendly minibars for on-demand availability of beverages and snacks

The global minibar market size to reach USD 1.49 billion by 2024, owing to the transformation, growth, and emergence of the hospitality industry worldwide. With the rise in the demand for customer satisfaction and necessity of enhancing profitability in the hotel industry, the demand for minibars is estimated to grow over the forecast period. 

In addition, the increasing prerequisites of consumers and guests for hassle-free services, high comfort, facilities, and luxury while traveling and their stay at elite hotels are anticipated to encourage the market growth. This, in turn, is expected to reassure the hotel industry to focus on providing value added services such as safety box, laundry, Wi-Fi, ironing, dry cleaning, minibars, in-room dining and others. One of the services offered by exclusive hotels nowadays is the in-room minibars, which adds to the customer experience.
The prevailing rate of installation of minibars in rooms of luxury hotels poses growth potential for the global minibar market. Cherishable customer experiences result in enhanced customer loyalty and promote continued association of customers in future as well, which in turn fuels the growth of minibar market on a global scale.
In terms of product type, the automatic minibars market is expected to grow driven by a rise in technological advancements, and use of automated systems in the hospitality industry to ensure privileged services and ensure hassle-free customer handling.
The market for absorption minibars market is estimated to develop swiftly on account of the existing properties such as environment-friendly, completely silent, highly reliable, energy efficient, and offers an extended service life. With the rise in technological advancements, automatic minibars can detect missing items, charge the guests based on the usage of the products using sensors and can be synchronized with the property management system (PMS) of hotels. The use of minibars owing to the features offered by them such as fully automated systems which solve issues faced by hotels and offices at operational levels is projected to fuel the overall market growth over the forecast period. The use of minibar in hotels to deliver customer satisfaction is expected to support the market growth for the global minibar market during the forecast period.
In terms of geography, the use of minibars in the Asia Pacific is estimated to develop the fastest owing to the budding commercial and hospitality sector, growing tourism, and large customer base in the hospitality, recreational, and other commercial spaces.
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Hexa Research has segmented the global mini bar market report based on product type, technology, application, and region:
Segmentation by-product, 2014 - 2024 (USD Million)
• Automatic
• Manual
Segmentation by technology, 2014 - 2024 (USD Million)
• Absorption
• Compression
• Thermoelectric
Segmentation by application, 2014 - 2024 (USD Million)

• Transportation 
• Commercial & Residential buildings
Segmentation by region, 2014 - 2024 (USD Million)
• North America
• Asia Pacific
• Europe
• Central & South America
• Middle East & Africa
Key players analyze:
• Bartech
• Dometic Group AB (publ)
• Indel B S.p.A.
• Vitrifrigo
• Minibar Systems

Thursday, 3 May 2018

Custom formulations suitable for customer demand for specific flavor and texture

Global fruit preparations market was valued at USD 8.4 billion by 2024 owing to rising demand for convenience food, changing lifestyle, and preference towards ready to eat food. Constant product development along with the introduction of new flavors in fruit products are expected to increase the demand for fruit preparations over the forecast period. Additionally, rising number of fruit spread brands in region-specific markets coupled with rising investments by large retailers in the storage of perishable food items will also drive the market growth.

The global fruit preparation market is experiencing consistent changes. Rising number of private labels in the market has resulted in fragmentation of the global market. The rising demand for organic and natural products is changing the market dynamics. Manufacturers are concentrating on providing organic fruit products to the consumers as the consumers have become health conscious. The increasing preference for organic fruit preparations is influenced by the increasing awareness about the benefits of organic foods over the conventional forms. Multiple players in the market are offering organic products to cater the market demand. For instance, Crofters Food offers fruit spreads which are organic in nature.
The purees segment dominated the fruit preparations market in 2016 and is expected to retain its position over the forecast period pertaining to continuous demand from European countries. Increasing adoption of western food culture by Asian countries followed by continuous improvement in production infrastructures such as China and India are expected to fuel the market demand for fruit preparations over the forecast period. The Asia Pacific regions is expected to have the highest growth rate over the forecast period, besides taking the focus of vendors such as AGRANA, which has consolidated its presence in the region.
Puree segment dominated the market in 2016, buoyed by the demand for fruit purees made up of bananas, apples, strawberries, and mango. In addition, the end-usage of puree in products such as fruit juices and yogurts has also added to its demand growth in the market.
The market for fruit preparations is marked by the presence of multiple companies having a presence across various regions. With the prevailing penetration in the relative mature western markets, companies are focusing on expanding their presence to potential growth economies in various regions including The Asia Pacific. The trend is expected to continue over the forecast period, where vendors are more likely to consolidate their presence in countries such as China and India. Some of the prominent players in the market are AGRANA Beteiligungs-AG, Cargill, Incorporated., Bischofszell Nahrungsmittel AG, Valio Oy, and Adolf Darbo AG.
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Hexa Research has segmented the global fruit preparations market report based on product, end-use and region:
Segmentation by Product, 2014 - 2024 (USD Million)

    • Puree
    • Jam
    • Marmalade
Segmentation by End-use, 2014 - 2024 (USD Million)

    • Dairy
    • Ice cream
    • Bakery
Segmentation by region, 2014 - 2024 (USD Million)

    • North America
   .• Europe
    • Asia Pacific
    • Rest of the World (RoW)
Key players analyzed

    • AGRANA Beteiligungs-AG
    • Cargill, Incorporated.
    • Bischofszell Nahrungsmittel AG
    • Valio Oy
    • Adolf Darbo AG

Friday, 20 April 2018

High demand for frozen dairy products will also boost the Germany Frozen Food market.

Germany frozen food market is expected to reach USD 15.77 billion by 2024 and is anticipated to grow over the forecast period as well. Increasing popularity of seasonal frozen food among the young German consumer is the key factor driving the growth of this food products over the forecast period. Frozen food products are easy to cook and are healthy. Improvement in preservation technology has helped in maintaining nutrient and vitamins. In addition, frozen foods can be stored for a longer period without preservatives owing to the sophisticated cold storage technology.

According to German Frozen Food Institute, almost 17,000 different products are available in Germany and strong credentials to freshness, convenience and value make frozen food popular among consumers. The frozen bakery products accounted for the largest market share in 2016. Increasing offering of the high quality of frozen bakery products in combination and customizable solution are the factors driving the growth of frozen bakery product category in Germany. Frozen pizza is expected to grow at the fastest CAGR owing to the increasing demand for fast food in the region. Furthermore, increased in the clean label and launched of vegetarian pizza is expected have opposite impact on market growth in the near future.
Free from gluten and lactose trend can be seen increasing in the market. Many companies are focusing on adding values and variants to their product offering. Furthermore, consumer show lasting interest in traditional food. Thus, the exciting trend for frozen food products which use regional recipes and, with the use of locally made raw products is expected an increase in foreseeable future.
Offline distribution channel dominated the frozen food market in 2016. According to a study conducted by one of the German institutes, about 34 times German consumer visit frozen food section in supermarket yearly. While offline channel remains dominant, the online channel is anticipated to register a fast growth over the forecast period. Convenience factor and availability of discounts and a wide variety of purchase options are some of the factors driving the growth of online retail channel.
Leading companies in this market are adopting brownfield expansion strategy to sustain in a competitive environment and expand their presence in the market. For instance, in 2013, Nestlé Wagner opened a new frozen pizza manufacturing facility in Germany in order to expand its product portfolio to cater increasing demand of frozen pizza and to strengthen its market position in the market.
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Hexa Research has segmented the Germany frozen food market report based on type and distribution channels:
Segmentation by food type, 2014 - 2024 (USD Million)
    • Frozen ready meals 
    • Frozen fish/seafood 
    • Frozen Meat 
    • Frozen pizza
    • Frozen potato products
    • Frozen bakery products
    • Others
Segmentation by distribution channel, 2016 (% Share)
 • Offline
 • Online
Key players analyzed:
    • Permira
    • NestlĂ© 
    • McCain Foods
    • Dr. August Oetker KG
    • Nomad Foods Europe Ltd

Wednesday, 18 April 2018

Rising production of chips and microchips to boost demand for silicon wafer

The global silicon wafer market size is estimated to reach USD 12.22 billion by 2024. The market is anticipated to witness significant growth during the forecast period due to the high demand for semiconductors in end products such as smartphones, tablets, and others. Increasing preference for compact, more powerful, and yet affordable devices results in escalating demand for silicon wafers during the forecast period. The increase in demand for consumer electronics such as TVs, refrigerators, and home theatres further supports the growth of the market over the coming years.

Global silicon wafer market is expected to grow at a value CAGR of around 7.0% from 2017 to 2024. The Asia Pacific accounted for the substantial market share in 2016. The growth of the market in the region is attributable to rising preference for technologically sophisticated electronic devices and gadgets. The Asia Pacific is followed by North America in terms of growth rate, which is majorly due to enhanced use of silicon wafers for manufacturing solar cells. The accelerating need for a reliable, clean and safe energy source in countries such as the U.S. and Canada are likely to increase the demand for a solar cell, resulting in growth of the market for silicon wafers as well.
Semiconductors find applications in various medical devices such as ultrasound scanners and ECG devices and this drives the market growth during the forecast period. Furthermore, increasing use of homecare devices such as glucose meters and blood pressure monitors is expected to positively impact the market growth. A requirement of lower power coupled with more inbuilt functions of semiconductors has made medical devices more portable and efficient.
Increasing installations of automated silicon wafer fabrication and transport systems by the manufacturers support their market sustainability. For instance, Siltronic AG employs automated ceiling-mounted transport systems (OHT systems) to transport the wafers from one operation point to next by the shortest route. It increases the productivity and freezes up space in the clean room. Research efforts by the market players coupled with increasing investments will intensify the demand for silicon wafers thereby supporting the market growth. For instance, Intel started 450MM manufacturing facility at Arizona, U.S.
Global silicon wafer market is marked by the mergers and acquisitions strategies. For instance, in December 2016, Taiwanese GlobalWafers acquired the US-based SunEdison SEMI in order to expand production capabilities and to get greater access to Korea and European countries. Additionally, GlobalWafers will get access to SOI product technologies of SunEdison SEMI.
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Hexa Research has segmented the global silicon wafer market report based on type, application, and region: 
Segmentation by Type, 2014 - 2024 (USD Billion) (Million Square Inches)
• 450MM
• 300MM
• 200MM
• <200MM
Segmentation by Application, 2014 - 2024 (USD Billion) (Million Square Inches)
• Computers
• Smartphones
• Automotive
• Consumer Electronics
• Industrial
• Others
Segmentation by Region, 2014 - 2024 (USD Billion) (Million Square Inches)
• North America
• Europe      
• Asia Pacific
• Rest of World
Key players analyzed

• Siltronic AG
• Shin-Etsu Chemical Co
• SunEdison Semiconductor, Ltd.
• Tokuyama Corporation
NexWafe GmbH
• PV Crystalox plc 
• Okmetic
• Elkem AS