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Action Camera & Accessories Market by Product Offering (Action Camera, Accessories), Technology (Full HD, Ultra HD), Frame Rate (31-60, 61-120 fps), Distribution Channel (Online, Offline), End User (Personal, Professional), and Application (Sports, Travel & Tourism)– Global Forecast to 2027.
Action Camera & Accessories Market is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach $6.58 billion by 2027 from $2.7 billion in 2020. In terms of volume, the action cameras market is estimated to grow at a CAGR of 12.1% from 2020 to 2027 to reach 29.9 million units by 2027 from 13.4 million units in 2020. Increasing tourism activities and the trend of travel blogging among individuals worldwide are driving the action camera & accessories market. The tourism industry's development has promoted the adoption of action cameras among individual and group travellers for a hassle-free shooting experience.
According to Organisation for Economic Co-operation and Development (OECD), the global tourism sector contributes around 4.4% to the global GDP and is increasing at a rate of 3.8% year-on-year from 2018, further creating growth opportunities for the action cameras industry. Additionally, action cameras have gained rapid demand in recent years owing to their utilization in sports, adventures, and racing activities. Consumers in the sports industry are using action cameras majorly to record live sports that aids them in performing from different angles. However, in recent years, the availability of smartphones with high resolution and wide-view angle cameras has posed a threat to the demand for action cameras.
Download Sample PDF Copy Here https://www.meticulousresearch.com/request-sample-report/cp_id=5163
Technological innovations and high-resolution features in new action cameras to support market demand
Rapid innovation in camera technologies, such as high-resolution, wide-angle, and improved stability in newly launched action cameras, are the factors supporting high unit sales. Companies are developing new products with 4K & 5K resolution, wide-angle lenses, and water resisting features to capture wider views at clearer resolutions than conventional cameras. Water-resistance technology in action cameras allows users to capture views underwater, eliminating camera breakdowns. These features aid manufacturers to gain the market share of water surfing, underwater diving, boating, scuba diving, and other water-based application segments. For instance, in September 2020, GoPro, Inc. (U.S.) announced the launch of its new Hero 9 Black action camera with 5K video recording, waterproof, shock-proof, and dual-screen features. The product is mainly launched for vloggers and adventure video clip shooters and offer waterproof properties up to 33 ft. for capturing water activities.
Key findings in the action camera & accessories market study:
In 2020, in terms of volume, the action cameras segment to account for the largest share of the market
Based on product offering, the action camera & accessories market is segmented into action cameras and accessories. The action cameras segment is expected to account for the largest share in 2020 in terms of revenue and volume. Action cameras are gaining demand across the tourism & sports application sectors. The adventure & extreme sports sector is considered one of the fastest growing in tourism and leisure industries. These sports and adventurous activities are increasingly being performed by tourists, locals, and professionals in recent years. The trend of recording and uploading sports videos is increasing the demand for action cameras. Such cameras allow the participants to attach them to body parts and record them at the same time of performing. The high stability, wide view angles, and lightweight features of action cameras promote their sports application usage.
In 2020, the full HD action cameras segment is expected to command the largest share in terms of revenue and volume
Based on technology, the action camera market is segmented into full HD, ultra HD, and SD action cameras. The market growth is attributed to the high demand for full HD cameras across all application sectors to record high quality and stable videos while performing the activities. Companies in the action camera market are developing products with full HD resolution and WiFi connectivity features to offer easy updates, upload, and edit videos. Full HD resolution allows users to record videos in better quality than the HD and SD resolution cameras, further driving the action camera market growth.
Action cameras with a 61-120 fps frame rate to grow at the highest CAGR during the forecast period
Based on frame rate, the market is segmented into cameras with 15-30 fps, 31-60 fps, 61-120 fps, and 121-240 fps. The action cameras with 61-120 fps segment is expected to grow at the highest CAGR from 2020-2027 in terms of revenue and volume. This can be attributed to the benefits of high frame rate cameras, such as smooth video capturing, better animations, lower distracting filters, and more clarity than the standard & low frame rates.
In 2020, the online segment to account for the largest share in terms of revenue and volume
Based on distribution channel, the market is segmented into online and offline. In 2020, the online segment is expected to command the largest share in terms of revenue and volume due to the high purchase of electronic products from online stores and websites. Consumers worldwide are switching to online purchases due to huge discounts, availability of several options, review based shopping, and home delivery benefits. Online distribution channels include online electronics stores and manufacturer websites that allow users to order cameras worldwide.
In 2020, the professional segment to witness the highest growth rate in terms of revenue and volume
Based on end user, the market is segmented into personal and professional. The professional segment is expected to grow at the highest CAGR in terms of revenue and volume. This segment's high growth rate is attributed to the adoption of action cameras across various professional applications, such as sports, entertainment & media, travel & tourism, automotive, and emergency services. Consumers in these industries use action cameras for uninterrupted & stable video recording. The innovation of technical parameters in new action cameras is expected to support the demand for these cameras in the professional segment.
The travel & tourism segment to grow the highest rate in terms of revenue and volume in the action camera market
Based on application, the market is segmented into sports, travel & tourism, recreational activities, entertainment & media, automotive, emergency services, and other applications. The travel & tourism segment will witness the highest CAGR from 2020 to 2027 in terms of revenue and volume due to the increased travel blogging and adventure tourism activities worldwide. Tourists are adopting travel blogging trends by creating videos and sharing travel experiences on online platforms, such as YouTube, Instagram, and Facebook.
In 2020, North America to account for the largest share of the market
North America is expected to cover the largest share in the action camera & accessories market by 2027 in terms of revenue and volume due to the presence of a wide consumer base, action camera manufacturers, and the developed tourism sector. The U.S. accounts for the highest number of action camera consumers due to high awareness of the usage, the high number of travel bloggers, and the advanced adventure sports industry. The region also comprises several camera manufacturers that allow consumers to purchase the latest products at reasonable costs.
Impact of COVID-19 on the action camera & accessories market:
The COVID-19 pandemic has severely impacted the action camera & accessories market worldwide. The adoption of action cameras was low across all the regions during the first & second quarter of 2020 due to strict lockdowns imposed in several countries and the halt of tourism & adventure sports activities. Companies had put a temporary halt on manufacturing cameras & accessories to prevent the spread. Consumers invested their spending on essential commodities & activities, such as food supply, medicines, and grocery, instead of leisure, adventure tourism, sports, and entertainment activities. The demand for cameras & accessories declined in 2020 as consumers could not travel & perform public sports such as racing, water sports, etc., which resulted in fewer blogging & vlogging activities globally. The market is expected to gain pace in 2021 and 2022 with the removal of lockdowns, a steady reopening of tourism & sports sector and consumer awareness related to social distancing maintenance while performing all activities.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5163
Key Players:
The key players operating in the action camera & accessories market are GoPro, Inc. (U.S.), Sony Corporation (Japan), Insta360 (Arashi Vision Inc.) (China), SJCAM (China), JVCKENWOOD Corporation (Japan), TomTom International BV (Netherlands), Garmin Ltd. (U.S.), SZ DJI Technology Co., Ltd. (China), Drift Innovation (U.K.), YI Technology (China), Eastman Kodak Company (U.S.), Nikon Corporation (Japan), Rollie (Germany), Panasonic Corporation (Japan), and Xiaomi (China).
Scope of the Report
Action Camera & Accessories Market, by Product Offering
Batteries
Mounts
Mods
Protectors
Other Accessories
Action Camera & Accessories Market, by Technology
Full HD
Ultra HD
SD
Action Camera & Accessories Market, by Frame Rate
31-60 fps
15-30 fps
61-120 fps
121-240 fps
Action Camera & Accessories Market, by Distribution Channel
Online
Offline
Action Camera & Accessories Market, by End User
Personal
Professional
Action Camera & Accessories Market, by Application
Sports
Travel & Tourism
Recreational Activities
Entertainment & Media
Automotive
Emergency Services
Other Applications
Action Camera & Accessories Market, by Geography
U.S.
Canada
U.K
Germany
France
Italy
Spain
Switzerland
Russia
Rest of Europe
China
India
Japan
South Korea
Australia
Singapore
Brazil
Mexico
Rest of Latin America
UAE
Saudi Arabia
South Africa
Rest of the Middle East and Africa
Key questions answered in the report-
· Which are the high growth market segments in terms of product offering, technology, frame rate distribution channel, end user, application, and region/countries?
· What was the historical market for action cameras & accessories worldwide?
· What are the market forecasts and estimates for 2020–2027 in terms of revenue and volume?
· What are the major drivers, restraints, and opportunities in the action camera & accessories market?
· Who are the major players in the action camera & accessories market?
· How is the competitive landscape, and who are the market leaders in the action camera & accessories market?
· What are the recent developments in the action camera & accessories market?
Click here to get sample report: https://www.meticulousresearch.com/product/action-camera-and-accessories-market-5163
contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
0 notes
Link
Action Camera & Accessories Market by Product Offering (Action Camera, Accessories), Technology (Full HD, Ultra HD), Frame Rate (31-60, 61-120 fps), Distribution Channel (Online, Offline), End User (Personal, Professional), and Application (Sports, Travel & Tourism)– Global Forecast to 2027.
Action Camera & Accessories Market is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach $6.58 billion by 2027 from $2.7 billion in 2020. In terms of volume, the action cameras market is estimated to grow at a CAGR of 12.1% from 2020 to 2027 to reach 29.9 million units by 2027 from 13.4 million units in 2020. Increasing tourism activities and the trend of travel blogging among individuals worldwide are driving the action camera & accessories market. The tourism industry's development has promoted the adoption of action cameras among individual and group travellers for a hassle-free shooting experience.
According to Organisation for Economic Co-operation and Development (OECD), the global tourism sector contributes around 4.4% to the global GDP and is increasing at a rate of 3.8% year-on-year from 2018, further creating growth opportunities for the action cameras industry. Additionally, action cameras have gained rapid demand in recent years owing to their utilization in sports, adventures, and racing activities. Consumers in the sports industry are using action cameras majorly to record live sports that aids them in performing from different angles. However, in recent years, the availability of smartphones with high resolution and wide-view angle cameras has posed a threat to the demand for action cameras.
Download Sample PDF Copy Here https://www.meticulousresearch.com/request-sample-report/cp_id=5163
Technological innovations and high-resolution features in new action cameras to support market demand
Rapid innovation in camera technologies, such as high-resolution, wide-angle, and improved stability in newly launched action cameras, are the factors supporting high unit sales. Companies are developing new products with 4K & 5K resolution, wide-angle lenses, and water resisting features to capture wider views at clearer resolutions than conventional cameras. Water-resistance technology in action cameras allows users to capture views underwater, eliminating camera breakdowns. These features aid manufacturers to gain the market share of water surfing, underwater diving, boating, scuba diving, and other water-based application segments. For instance, in September 2020, GoPro, Inc. (U.S.) announced the launch of its new Hero 9 Black action camera with 5K video recording, waterproof, shock-proof, and dual-screen features. The product is mainly launched for vloggers and adventure video clip shooters and offer waterproof properties up to 33 ft. for capturing water activities.
Key findings in the action camera & accessories market study:
In 2020, in terms of volume, the action cameras segment to account for the largest share of the market
Based on product offering, the action camera & accessories market is segmented into action cameras and accessories. The action cameras segment is expected to account for the largest share in 2020 in terms of revenue and volume. Action cameras are gaining demand across the tourism & sports application sectors. The adventure & extreme sports sector is considered one of the fastest growing in tourism and leisure industries. These sports and adventurous activities are increasingly being performed by tourists, locals, and professionals in recent years. The trend of recording and uploading sports videos is increasing the demand for action cameras. Such cameras allow the participants to attach them to body parts and record them at the same time of performing. The high stability, wide view angles, and lightweight features of action cameras promote their sports application usage.
In 2020, the full HD action cameras segment is expected to command the largest share in terms of revenue and volume
Based on technology, the action camera market is segmented into full HD, ultra HD, and SD action cameras. The market growth is attributed to the high demand for full HD cameras across all application sectors to record high quality and stable videos while performing the activities. Companies in the action camera market are developing products with full HD resolution and WiFi connectivity features to offer easy updates, upload, and edit videos. Full HD resolution allows users to record videos in better quality than the HD and SD resolution cameras, further driving the action camera market growth.
Action cameras with a 61-120 fps frame rate to grow at the highest CAGR during the forecast period
Based on frame rate, the market is segmented into cameras with 15-30 fps, 31-60 fps, 61-120 fps, and 121-240 fps. The action cameras with 61-120 fps segment is expected to grow at the highest CAGR from 2020-2027 in terms of revenue and volume. This can be attributed to the benefits of high frame rate cameras, such as smooth video capturing, better animations, lower distracting filters, and more clarity than the standard & low frame rates.
In 2020, the online segment to account for the largest share in terms of revenue and volume
Based on distribution channel, the market is segmented into online and offline. In 2020, the online segment is expected to command the largest share in terms of revenue and volume due to the high purchase of electronic products from online stores and websites. Consumers worldwide are switching to online purchases due to huge discounts, availability of several options, review based shopping, and home delivery benefits. Online distribution channels include online electronics stores and manufacturer websites that allow users to order cameras worldwide.
In 2020, the professional segment to witness the highest growth rate in terms of revenue and volume
Based on end user, the market is segmented into personal and professional. The professional segment is expected to grow at the highest CAGR in terms of revenue and volume. This segment's high growth rate is attributed to the adoption of action cameras across various professional applications, such as sports, entertainment & media, travel & tourism, automotive, and emergency services. Consumers in these industries use action cameras for uninterrupted & stable video recording. The innovation of technical parameters in new action cameras is expected to support the demand for these cameras in the professional segment.
The travel & tourism segment to grow the highest rate in terms of revenue and volume in the action camera market
Based on application, the market is segmented into sports, travel & tourism, recreational activities, entertainment & media, automotive, emergency services, and other applications. The travel & tourism segment will witness the highest CAGR from 2020 to 2027 in terms of revenue and volume due to the increased travel blogging and adventure tourism activities worldwide. Tourists are adopting travel blogging trends by creating videos and sharing travel experiences on online platforms, such as YouTube, Instagram, and Facebook.
In 2020, North America to account for the largest share of the market
North America is expected to cover the largest share in the action camera & accessories market by 2027 in terms of revenue and volume due to the presence of a wide consumer base, action camera manufacturers, and the developed tourism sector. The U.S. accounts for the highest number of action camera consumers due to high awareness of the usage, the high number of travel bloggers, and the advanced adventure sports industry. The region also comprises several camera manufacturers that allow consumers to purchase the latest products at reasonable costs.
Impact of COVID-19 on the action camera & accessories market:
The COVID-19 pandemic has severely impacted the action camera & accessories market worldwide. The adoption of action cameras was low across all the regions during the first & second quarter of 2020 due to strict lockdowns imposed in several countries and the halt of tourism & adventure sports activities. Companies had put a temporary halt on manufacturing cameras & accessories to prevent the spread. Consumers invested their spending on essential commodities & activities, such as food supply, medicines, and grocery, instead of leisure, adventure tourism, sports, and entertainment activities. The demand for cameras & accessories declined in 2020 as consumers could not travel & perform public sports such as racing, water sports, etc., which resulted in fewer blogging & vlogging activities globally. The market is expected to gain pace in 2021 and 2022 with the removal of lockdowns, a steady reopening of tourism & sports sector and consumer awareness related to social distancing maintenance while performing all activities.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5163
Key Players:
The key players operating in the action camera & accessories market are GoPro, Inc. (U.S.), Sony Corporation (Japan), Insta360 (Arashi Vision Inc.) (China), SJCAM (China), JVCKENWOOD Corporation (Japan), TomTom International BV (Netherlands), Garmin Ltd. (U.S.), SZ DJI Technology Co., Ltd. (China), Drift Innovation (U.K.), YI Technology (China), Eastman Kodak Company (U.S.), Nikon Corporation (Japan), Rollie (Germany), Panasonic Corporation (Japan), and Xiaomi (China).
Scope of the Report
Action Camera & Accessories Market, by Product Offering
Batteries
Mounts
Mods
Protectors
Other Accessories
Action Camera & Accessories Market, by Technology
Full HD
Ultra HD
SD
Action Camera & Accessories Market, by Frame Rate
31-60 fps
15-30 fps
61-120 fps
121-240 fps
Action Camera & Accessories Market, by Distribution Channel
Online
Offline
Action Camera & Accessories Market, by End User
Personal
Professional
Action Camera & Accessories Market, by Application
Sports
Travel & Tourism
Recreational Activities
Entertainment & Media
Automotive
Emergency Services
Other Applications
Action Camera & Accessories Market, by Geography
U.S.
Canada
U.K
Germany
France
Italy
Spain
Switzerland
Russia
Rest of Europe
China
India
Japan
South Korea
Australia
Singapore
Brazil
Mexico
Rest of Latin America
UAE
Saudi Arabia
South Africa
Rest of the Middle East and Africa
Key questions answered in the report-
· Which are the high growth market segments in terms of product offering, technology, frame rate distribution channel, end user, application, and region/countries?
· What was the historical market for action cameras & accessories worldwide?
· What are the market forecasts and estimates for 2020–2027 in terms of revenue and volume?
· What are the major drivers, restraints, and opportunities in the action camera & accessories market?
· Who are the major players in the action camera & accessories market?
· How is the competitive landscape, and who are the market leaders in the action camera & accessories market?
· What are the recent developments in the action camera & accessories market?
Click here to get sample report: https://www.meticulousresearch.com/product/action-camera-and-accessories-market-5163
contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
0 notes
Text
The Action Camera & Accessories To Reach $6.58 Billion By 2027 From $2.7 Billion In 2020
Action Camera & Accessories Market by Product Offering (Action Camera, Accessories), Technology (Full HD, Ultra HD), Frame Rate (31-60, 61-120 fps), Distribution Channel (Online, Offline), End User (Personal, Professional), and Application (Sports, Travel & Tourism)– Global Forecast to 2027.
Action Camera & Accessories Market is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach $6.58 billion by 2027 from $2.7 billion in 2020. In terms of volume, the action cameras market is estimated to grow at a CAGR of 12.1% from 2020 to 2027 to reach 29.9 million units by 2027 from 13.4 million units in 2020. Increasing tourism activities and the trend of travel blogging among individuals worldwide are driving the action camera & accessories market. The tourism industry's development has promoted the adoption of action cameras among individual and group travellers for a hassle-free shooting experience.
According to Organisation for Economic Co-operation and Development (OECD), the global tourism sector contributes around 4.4% to the global GDP and is increasing at a rate of 3.8% year-on-year from 2018, further creating growth opportunities for the action cameras industry. Additionally, action cameras have gained rapid demand in recent years owing to their utilization in sports, adventures, and racing activities. Consumers in the sports industry are using action cameras majorly to record live sports that aids them in performing from different angles. However, in recent years, the availability of smartphones with high resolution and wide-view angle cameras has posed a threat to the demand for action cameras.
Download Sample PDF Copy Here https://www.meticulousresearch.com/request-sample-report/cp_id=5163
Technological innovations and high-resolution features in new action cameras to support market demand
Rapid innovation in camera technologies, such as high-resolution, wide-angle, and improved stability in newly launched action cameras, are the factors supporting high unit sales. Companies are developing new products with 4K & 5K resolution, wide-angle lenses, and water resisting features to capture wider views at clearer resolutions than conventional cameras. Water-resistance technology in action cameras allows users to capture views underwater, eliminating camera breakdowns. These features aid manufacturers to gain the market share of water surfing, underwater diving, boating, scuba diving, and other water-based application segments. For instance, in September 2020, GoPro, Inc. (U.S.) announced the launch of its new Hero 9 Black action camera with 5K video recording, waterproof, shock-proof, and dual-screen features. The product is mainly launched for vloggers and adventure video clip shooters and offer waterproof properties up to 33 ft. for capturing water activities.
Key findings in the action camera & accessories market study:
In 2020, in terms of volume, the action cameras segment to account for the largest share of the market
Based on product offering, the action camera & accessories market is segmented into action cameras and accessories. The action cameras segment is expected to account for the largest share in 2020 in terms of revenue and volume. Action cameras are gaining demand across the tourism & sports application sectors. The adventure & extreme sports sector is considered one of the fastest growing in tourism and leisure industries. These sports and adventurous activities are increasingly being performed by tourists, locals, and professionals in recent years. The trend of recording and uploading sports videos is increasing the demand for action cameras. Such cameras allow the participants to attach them to body parts and record them at the same time of performing. The high stability, wide view angles, and lightweight features of action cameras promote their sports application usage.
In 2020, the full HD action cameras segment is expected to command the largest share in terms of revenue and volume
Based on technology, the action camera market is segmented into full HD, ultra HD, and SD action cameras. The market growth is attributed to the high demand for full HD cameras across all application sectors to record high quality and stable videos while performing the activities. Companies in the action camera market are developing products with full HD resolution and WiFi connectivity features to offer easy updates, upload, and edit videos. Full HD resolution allows users to record videos in better quality than the HD and SD resolution cameras, further driving the action camera market growth.
Action cameras with a 61-120 fps frame rate to grow at the highest CAGR during the forecast period
Based on frame rate, the market is segmented into cameras with 15-30 fps, 31-60 fps, 61-120 fps, and 121-240 fps. The action cameras with 61-120 fps segment is expected to grow at the highest CAGR from 2020-2027 in terms of revenue and volume. This can be attributed to the benefits of high frame rate cameras, such as smooth video capturing, better animations, lower distracting filters, and more clarity than the standard & low frame rates.
In 2020, the online segment to account for the largest share in terms of revenue and volume
Based on distribution channel, the market is segmented into online and offline. In 2020, the online segment is expected to command the largest share in terms of revenue and volume due to the high purchase of electronic products from online stores and websites. Consumers worldwide are switching to online purchases due to huge discounts, availability of several options, review based shopping, and home delivery benefits. Online distribution channels include online electronics stores and manufacturer websites that allow users to order cameras worldwide.
In 2020, the professional segment to witness the highest growth rate in terms of revenue and volume
Based on end user, the market is segmented into personal and professional. The professional segment is expected to grow at the highest CAGR in terms of revenue and volume. This segment's high growth rate is attributed to the adoption of action cameras across various professional applications, such as sports, entertainment & media, travel & tourism, automotive, and emergency services. Consumers in these industries use action cameras for uninterrupted & stable video recording. The innovation of technical parameters in new action cameras is expected to support the demand for these cameras in the professional segment.
The travel & tourism segment to grow the highest rate in terms of revenue and volume in the action camera market
Based on application, the market is segmented into sports, travel & tourism, recreational activities, entertainment & media, automotive, emergency services, and other applications. The travel & tourism segment will witness the highest CAGR from 2020 to 2027 in terms of revenue and volume due to the increased travel blogging and adventure tourism activities worldwide. Tourists are adopting travel blogging trends by creating videos and sharing travel experiences on online platforms, such as YouTube, Instagram, and Facebook.
In 2020, North America to account for the largest share of the market
North America is expected to cover the largest share in the action camera & accessories market by 2027 in terms of revenue and volume due to the presence of a wide consumer base, action camera manufacturers, and the developed tourism sector. The U.S. accounts for the highest number of action camera consumers due to high awareness of the usage, the high number of travel bloggers, and the advanced adventure sports industry. The region also comprises several camera manufacturers that allow consumers to purchase the latest products at reasonable costs.
Impact of COVID-19 on the action camera & accessories market:
The COVID-19 pandemic has severely impacted the action camera & accessories market worldwide. The adoption of action cameras was low across all the regions during the first & second quarter of 2020 due to strict lockdowns imposed in several countries and the halt of tourism & adventure sports activities. Companies had put a temporary halt on manufacturing cameras & accessories to prevent the spread. Consumers invested their spending on essential commodities & activities, such as food supply, medicines, and grocery, instead of leisure, adventure tourism, sports, and entertainment activities. The demand for cameras & accessories declined in 2020 as consumers could not travel & perform public sports such as racing, water sports, etc., which resulted in fewer blogging & vlogging activities globally. The market is expected to gain pace in 2021 and 2022 with the removal of lockdowns, a steady reopening of tourism & sports sector and consumer awareness related to social distancing maintenance while performing all activities.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5163
Key Players:
The key players operating in the action camera & accessories market are GoPro, Inc. (U.S.), Sony Corporation (Japan), Insta360 (Arashi Vision Inc.) (China), SJCAM (China), JVCKENWOOD Corporation (Japan), TomTom International BV (Netherlands), Garmin Ltd. (U.S.), SZ DJI Technology Co., Ltd. (China), Drift Innovation (U.K.), YI Technology (China), Eastman Kodak Company (U.S.), Nikon Corporation (Japan), Rollie (Germany), Panasonic Corporation (Japan), and Xiaomi (China).
Scope of the Report
Action Camera & Accessories Market, by Product Offering
Batteries
Mounts
Mods
Protectors
Other Accessories
Action Camera & Accessories Market, by Technology
Full HD
Ultra HD
SD
Action Camera & Accessories Market, by Frame Rate
31-60 fps
15-30 fps
61-120 fps
121-240 fps
Action Camera & Accessories Market, by Distribution Channel
Online
Offline
Action Camera & Accessories Market, by End User
Personal
Professional
Action Camera & Accessories Market, by Application
Sports
Travel & Tourism
Recreational Activities
Entertainment & Media
Automotive
Emergency Services
Other Applications
Action Camera & Accessories Market, by Geography
U.S.
Canada
U.K
Germany
France
Italy
Spain
Switzerland
Russia
Rest of Europe
China
India
Japan
South Korea
Australia
Singapore
Brazil
Mexico
Rest of Latin America
UAE
Saudi Arabia
South Africa
Rest of the Middle East and Africa
Key questions answered in the report-
· Which are the high growth market segments in terms of product offering, technology, frame rate distribution channel, end user, application, and region/countries?
· What was the historical market for action cameras & accessories worldwide?
· What are the market forecasts and estimates for 2020–2027 in terms of revenue and volume?
· What are the major drivers, restraints, and opportunities in the action camera & accessories market?
· Who are the major players in the action camera & accessories market?
· How is the competitive landscape, and who are the market leaders in the action camera & accessories market?
· What are the recent developments in the action camera & accessories market?
Click here to get sample report: https://www.meticulousresearch.com/product/action-camera-and-accessories-market-5163
contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
0 notes
Text
Growing Demand Of Action, Camera & Accessories Market
Action Camera & Accessories Market by Product Offering (Action Camera, Accessories), Technology (Full HD, Ultra HD), Frame Rate (31-60, 61-120 fps), Distribution Channel (Online, Offline), End User (Personal, Professional), and Application (Sports, Travel & Tourism)– Global Forecast to 2027.
Action Camera & Accessories Market is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach $6.58 billion by 2027 from $2.7 billion in 2020. In terms of volume, the action cameras market is estimated to grow at a CAGR of 12.1% from 2020 to 2027 to reach 29.9 million units by 2027 from 13.4 million units in 2020. Increasing tourism activities and the trend of travel blogging among individuals worldwide are driving the action camera & accessories market. The tourism industry's development has promoted the adoption of action cameras among individual and group travellers for a hassle-free shooting experience.
According to Organisation for Economic Co-operation and Development (OECD), the global tourism sector contributes around 4.4% to the global GDP and is increasing at a rate of 3.8% year-on-year from 2018, further creating growth opportunities for the action cameras industry. Additionally, action cameras have gained rapid demand in recent years owing to their utilization in sports, adventures, and racing activities. Consumers in the sports industry are using action cameras majorly to record live sports that aids them in performing from different angles. However, in recent years, the availability of smartphones with high resolution and wide-view angle cameras has posed a threat to the demand for action cameras.
Download Sample PDF Copy Here https://www.meticulousresearch.com/request-sample-report/cp_id=5163
Technological innovations and high-resolution features in new action cameras to support market demand
Rapid innovation in camera technologies, such as high-resolution, wide-angle, and improved stability in newly launched action cameras, are the factors supporting high unit sales. Companies are developing new products with 4K & 5K resolution, wide-angle lenses, and water resisting features to capture wider views at clearer resolutions than conventional cameras. Water-resistance technology in action cameras allows users to capture views underwater, eliminating camera breakdowns. These features aid manufacturers to gain the market share of water surfing, underwater diving, boating, scuba diving, and other water-based application segments. For instance, in September 2020, GoPro, Inc. (U.S.) announced the launch of its new Hero 9 Black action camera with 5K video recording, waterproof, shock-proof, and dual-screen features. The product is mainly launched for vloggers and adventure video clip shooters and offer waterproof properties up to 33 ft. for capturing water activities.
Key findings in the action camera & accessories market study:
In 2020, in terms of volume, the action cameras segment to account for the largest share of the market
Based on product offering, the action camera & accessories market is segmented into action cameras and accessories. The action cameras segment is expected to account for the largest share in 2020 in terms of revenue and volume. Action cameras are gaining demand across the tourism & sports application sectors. The adventure & extreme sports sector is considered one of the fastest growing in tourism and leisure industries. These sports and adventurous activities are increasingly being performed by tourists, locals, and professionals in recent years. The trend of recording and uploading sports videos is increasing the demand for action cameras. Such cameras allow the participants to attach them to body parts and record them at the same time of performing. The high stability, wide view angles, and lightweight features of action cameras promote their sports application usage.
In 2020, the full HD action cameras segment is expected to command the largest share in terms of revenue and volume
Based on technology, the action camera market is segmented into full HD, ultra HD, and SD action cameras. The market growth is attributed to the high demand for full HD cameras across all application sectors to record high quality and stable videos while performing the activities. Companies in the action camera market are developing products with full HD resolution and WiFi connectivity features to offer easy updates, upload, and edit videos. Full HD resolution allows users to record videos in better quality than the HD and SD resolution cameras, further driving the action camera market growth.
Action cameras with a 61-120 fps frame rate to grow at the highest CAGR during the forecast period
Based on frame rate, the market is segmented into cameras with 15-30 fps, 31-60 fps, 61-120 fps, and 121-240 fps. The action cameras with 61-120 fps segment is expected to grow at the highest CAGR from 2020-2027 in terms of revenue and volume. This can be attributed to the benefits of high frame rate cameras, such as smooth video capturing, better animations, lower distracting filters, and more clarity than the standard & low frame rates.
In 2020, the online segment to account for the largest share in terms of revenue and volume
Based on distribution channel, the market is segmented into online and offline. In 2020, the online segment is expected to command the largest share in terms of revenue and volume due to the high purchase of electronic products from online stores and websites. Consumers worldwide are switching to online purchases due to huge discounts, availability of several options, review based shopping, and home delivery benefits. Online distribution channels include online electronics stores and manufacturer websites that allow users to order cameras worldwide.
In 2020, the professional segment to witness the highest growth rate in terms of revenue and volume
Based on end user, the market is segmented into personal and professional. The professional segment is expected to grow at the highest CAGR in terms of revenue and volume. This segment's high growth rate is attributed to the adoption of action cameras across various professional applications, such as sports, entertainment & media, travel & tourism, automotive, and emergency services. Consumers in these industries use action cameras for uninterrupted & stable video recording. The innovation of technical parameters in new action cameras is expected to support the demand for these cameras in the professional segment.
The travel & tourism segment to grow the highest rate in terms of revenue and volume in the action camera market
Based on application, the market is segmented into sports, travel & tourism, recreational activities, entertainment & media, automotive, emergency services, and other applications. The travel & tourism segment will witness the highest CAGR from 2020 to 2027 in terms of revenue and volume due to the increased travel blogging and adventure tourism activities worldwide. Tourists are adopting travel blogging trends by creating videos and sharing travel experiences on online platforms, such as YouTube, Instagram, and Facebook.
In 2020, North America to account for the largest share of the market
North America is expected to cover the largest share in the action camera & accessories market by 2027 in terms of revenue and volume due to the presence of a wide consumer base, action camera manufacturers, and the developed tourism sector. The U.S. accounts for the highest number of action camera consumers due to high awareness of the usage, the high number of travel bloggers, and the advanced adventure sports industry. The region also comprises several camera manufacturers that allow consumers to purchase the latest products at reasonable costs.
Impact of COVID-19 on the action camera & accessories market:
The COVID-19 pandemic has severely impacted the action camera & accessories market worldwide. The adoption of action cameras was low across all the regions during the first & second quarter of 2020 due to strict lockdowns imposed in several countries and the halt of tourism & adventure sports activities. Companies had put a temporary halt on manufacturing cameras & accessories to prevent the spread. Consumers invested their spending on essential commodities & activities, such as food supply, medicines, and grocery, instead of leisure, adventure tourism, sports, and entertainment activities. The demand for cameras & accessories declined in 2020 as consumers could not travel & perform public sports such as racing, water sports, etc., which resulted in fewer blogging & vlogging activities globally. The market is expected to gain pace in 2021 and 2022 with the removal of lockdowns, a steady reopening of tourism & sports sector and consumer awareness related to social distancing maintenance while performing all activities.
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Key Players:
The key players operating in the action camera & accessories market are GoPro, Inc. (U.S.), Sony Corporation (Japan), Insta360 (Arashi Vision Inc.) (China), SJCAM (China), JVCKENWOOD Corporation (Japan), TomTom International BV (Netherlands), Garmin Ltd. (U.S.), SZ DJI Technology Co., Ltd. (China), Drift Innovation (U.K.), YI Technology (China), Eastman Kodak Company (U.S.), Nikon Corporation (Japan), Rollie (Germany), Panasonic Corporation (Japan), and Xiaomi (China).
Scope of the Report
Action Camera & Accessories Market, by Product Offering
Batteries
Mounts
Mods
Protectors
Other Accessories
Action Camera & Accessories Market, by Technology
Full HD
Ultra HD
SD
Action Camera & Accessories Market, by Frame Rate
31-60 fps
15-30 fps
61-120 fps
121-240 fps
Action Camera & Accessories Market, by Distribution Channel
Online
Offline
Action Camera & Accessories Market, by End User
Personal
Professional
Action Camera & Accessories Market, by Application
Sports
Travel & Tourism
Recreational Activities
Entertainment & Media
Automotive
Emergency Services
Other Applications
Action Camera & Accessories Market, by Geography
U.S.
Canada
U.K
Germany
France
Italy
Spain
Switzerland
Russia
Rest of Europe
China
India
Japan
South Korea
Australia
Singapore
Brazil
Mexico
Rest of Latin America
UAE
Saudi Arabia
South Africa
Rest of the Middle East and Africa
Key questions answered in the report-
· Which are the high growth market segments in terms of product offering, technology, frame rate distribution channel, end user, application, and region/countries?
· What was the historical market for action cameras & accessories worldwide?
· What are the market forecasts and estimates for 2020–2027 in terms of revenue and volume?
· What are the major drivers, restraints, and opportunities in the action camera & accessories market?
· Who are the major players in the action camera & accessories market?
· How is the competitive landscape, and who are the market leaders in the action camera & accessories market?
· What are the recent developments in the action camera & accessories market?
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Dairy Alternatives Market by Product Type (Plant Milk, Cheese, Yogurt, Butter, Ice Cream), Source (Almond Protein, Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) – Global Forecast To 2027.
The dairy Alternatives market is expected to reach $44.9 billion by 2027, at a CAGR of 11.2% during the forecast period of 2020 to 2027. The increasing intolerance for animal proteins, nutritional benefits offered by plant-based dairy products, growing investments in dairy alternatives, and increasing vegan & vegetarian population are the key factors driving the growth of the dairy alternatives market. Moreover, emerging countries are expected to create lucrative opportunities for players operating in this market.
Click here to get sample report: https://www.meticulousresearch.com/request-sample-report/cp_id=5128
Dairy Alternatives has been very popular in the mature and emerging market. This can be attributed to rise in the number of people allergic to dairy. Furthermore, growth in health awareness and increase in the disposable income has aided the Dairy alternatives Market growth. Moreover, introduction of additional healthy ingredients in by different market players are some other factors that further drive the growth of the market. However, fluctuating prices of raw materials and high cost of act as the major restraint for this market. On the contrary, growth in demand for dairy alternatives by vegan population and introduction of new flavour & variety of dairy alternatives is anticipated to provide growth opportunities for the dairy alternatives market.
The dairy alternatives market has been segmented based on source, application, distribution channel, Region. By source, the market is divided into soy, almond, rice, and other sources. On the basis of application, it is fragmented into food which includes spread, creamer, yogurt, tofu and others; and beverages which includes dairy alternative milk, dairy-free probiotic drinks and others. By distribution channel, it is categorized into Large retail, small retail, specialty store and online. Regionally, the dairy alternatives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact of COVID-19 on the Dairy Alternatives Market
The COVID-19 pandemic has adversely hit many economies around the globe. The pandemic has affected more than 200 countries infecting more than 11,874,226 people and killing 545,481 as of 9thJuly 2020 (Source: European Centre for Disease Prevention and Control). COVID-19, the disease spread by the novel coronavirus SARS-nCoV-2, has quickly spread to 216 countries and territories continents and caused a public health emergency in all countries. The pandemic has led to some best practice models for the dairy alternatives industry. From a manufacturing and distributing point of view, this industry has faced unprecedented demand from manufacturers as well as consumers, particularly for some products, such as plant-based milk, cheese, and yogurt. Many companies in dairy alternatives have already started changing their strategies, witnessing sudden growth in demand.
The dairy alternatives industry has been vibrant at stepping up to the challenge and delivering in the upcoming years, the shortage of traditional dairy options on grocery store shelves presents a unique opportunity to accelerate the adoption of alternative dairy products mainly in North America and Europe. COVID-19 is providing a surprising increase in sales for alternative dairy products. According to the Good Food Institute, Plant Based Foods Association, IRI, and Nielsen data, in April 2020, in the U.S., retail sales of oat milk grew 476.7% in the week ending March 14, while dairy milk sales grew 32.4% as compared to last year. An upsurge in sales was mainly attributed to increased sales of oat milk and nutritional plant-based butter.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5128
Key Players
The dairy alternatives market is highly fragmented, with the presence of many small private vendors in the market. Some of the key players operating in the global dairy alternatives market are Danone SA (France), Follow Your Heart (U.S.), The Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Sanitarium health and wellbeing company (Australia), AXIOM Foods, Inc. (U.S.), Daiya Foods, Inc.(Canada), Earth's Own Food Company, Inc. (Canada), (Australia).
Scope of the report
Dairy Alternatives Market, by Product Type
Almond Milk
Soy Milk
Coconut Milk
Rice Milk
Others
Dairy Alternatives Market, by Source
Almond Protein
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Others
Dairy Alternatives Market, by Distribution Channel
Modern Groceries
Convenience Store
Specialty Store
Online Retail
Others
Dairy Alternatives Market, by Geography
U.S.
Canada
U.K.
Germany
France
Italy
Spain
China
Japan
India
RoAPAC
Key questions answered in the report:
· Which product type is estimated to hold the major share of the market?
· Which source of dairy alternatives showcases high growth opportunities for the players operating in the dairy alternatives market?
· Which distribution channel segment is projected to create more traction in the global dairy alternatives market?
· What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global dairy alternatives market?
· Who are the major players operating in the global dairy alternatives market?
· Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the period?
Download PDF copy here: https://www.meticulousresearch.com/product/dairy-alternatives-market-5128
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Contact Sales- +1-646-781-8004
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Dairy Alternatives Market by Product Type (Plant Milk, Cheese, Yogurt, Butter, Ice Cream), Source (Almond Protein, Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) – Global Forecast To 2027.
The dairy Alternatives market is expected to reach $44.9 billion by 2027, at a CAGR of 11.2% during the forecast period of 2020 to 2027. The increasing intolerance for animal proteins, nutritional benefits offered by plant-based dairy products, growing investments in dairy alternatives, and increasing vegan & vegetarian population are the key factors driving the growth of the dairy alternatives market. Moreover, emerging countries are expected to create lucrative opportunities for players operating in this market.
Click here to get sample report: https://www.meticulousresearch.com/request-sample-report/cp_id=5128
Dairy Alternatives has been very popular in the mature and emerging market. This can be attributed to rise in the number of people allergic to dairy. Furthermore, growth in health awareness and increase in the disposable income has aided the Dairy alternatives Market growth. Moreover, introduction of additional healthy ingredients in by different market players are some other factors that further drive the growth of the market. However, fluctuating prices of raw materials and high cost of act as the major restraint for this market. On the contrary, growth in demand for dairy alternatives by vegan population and introduction of new flavour & variety of dairy alternatives is anticipated to provide growth opportunities for the dairy alternatives market.
The dairy alternatives market has been segmented based on source, application, distribution channel, Region. By source, the market is divided into soy, almond, rice, and other sources. On the basis of application, it is fragmented into food which includes spread, creamer, yogurt, tofu and others; and beverages which includes dairy alternative milk, dairy-free probiotic drinks and others. By distribution channel, it is categorized into Large retail, small retail, specialty store and online. Regionally, the dairy alternatives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact of COVID-19 on the Dairy Alternatives Market
The COVID-19 pandemic has adversely hit many economies around the globe. The pandemic has affected more than 200 countries infecting more than 11,874,226 people and killing 545,481 as of 9thJuly 2020 (Source: European Centre for Disease Prevention and Control). COVID-19, the disease spread by the novel coronavirus SARS-nCoV-2, has quickly spread to 216 countries and territories continents and caused a public health emergency in all countries. The pandemic has led to some best practice models for the dairy alternatives industry. From a manufacturing and distributing point of view, this industry has faced unprecedented demand from manufacturers as well as consumers, particularly for some products, such as plant-based milk, cheese, and yogurt. Many companies in dairy alternatives have already started changing their strategies, witnessing sudden growth in demand.
The dairy alternatives industry has been vibrant at stepping up to the challenge and delivering in the upcoming years, the shortage of traditional dairy options on grocery store shelves presents a unique opportunity to accelerate the adoption of alternative dairy products mainly in North America and Europe. COVID-19 is providing a surprising increase in sales for alternative dairy products. According to the Good Food Institute, Plant Based Foods Association, IRI, and Nielsen data, in April 2020, in the U.S., retail sales of oat milk grew 476.7% in the week ending March 14, while dairy milk sales grew 32.4% as compared to last year. An upsurge in sales was mainly attributed to increased sales of oat milk and nutritional plant-based butter.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5128
Key Players
The dairy alternatives market is highly fragmented, with the presence of many small private vendors in the market. Some of the key players operating in the global dairy alternatives market are Danone SA (France), Follow Your Heart (U.S.), The Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Sanitarium health and wellbeing company (Australia), AXIOM Foods, Inc. (U.S.), Daiya Foods, Inc.(Canada), Earth's Own Food Company, Inc. (Canada), (Australia).
Scope of the report
Dairy Alternatives Market, by Product Type
Almond Milk
Soy Milk
Coconut Milk
Rice Milk
Others
Dairy Alternatives Market, by Source
Almond Protein
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Others
Dairy Alternatives Market, by Distribution Channel
Modern Groceries
Convenience Store
Specialty Store
Online Retail
Others
Dairy Alternatives Market, by Geography
U.S.
Canada
U.K.
Germany
France
Italy
Spain
China
Japan
India
RoAPAC
Key questions answered in the report:
· Which product type is estimated to hold the major share of the market?
· Which source of dairy alternatives showcases high growth opportunities for the players operating in the dairy alternatives market?
· Which distribution channel segment is projected to create more traction in the global dairy alternatives market?
· What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global dairy alternatives market?
· Who are the major players operating in the global dairy alternatives market?
· Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the period?
Download PDF copy here: https://www.meticulousresearch.com/product/dairy-alternatives-market-5128
Contact Us:
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Email- [email protected]
Contact Sales- +1-646-781-8004
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Dairy Alternatives Market by Product Type (Plant Milk, Cheese, Yogurt, Butter, Ice Cream), Source (Almond Protein, Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) – Global Forecast To 2027.
The dairy Alternatives market is expected to reach $44.9 billion by 2027, at a CAGR of 11.2% during the forecast period of 2020 to 2027. The increasing intolerance for animal proteins, nutritional benefits offered by plant-based dairy products, growing investments in dairy alternatives, and increasing vegan & vegetarian population are the key factors driving the growth of the dairy alternatives market. Moreover, emerging countries are expected to create lucrative opportunities for players operating in this market.
Click here to get sample report: https://www.meticulousresearch.com/request-sample-report/cp_id=5128
Dairy Alternatives has been very popular in the mature and emerging market. This can be attributed to rise in the number of people allergic to dairy. Furthermore, growth in health awareness and increase in the disposable income has aided the Dairy alternatives Market growth. Moreover, introduction of additional healthy ingredients in by different market players are some other factors that further drive the growth of the market. However, fluctuating prices of raw materials and high cost of act as the major restraint for this market. On the contrary, growth in demand for dairy alternatives by vegan population and introduction of new flavour & variety of dairy alternatives is anticipated to provide growth opportunities for the dairy alternatives market.
The dairy alternatives market has been segmented based on source, application, distribution channel, Region. By source, the market is divided into soy, almond, rice, and other sources. On the basis of application, it is fragmented into food which includes spread, creamer, yogurt, tofu and others; and beverages which includes dairy alternative milk, dairy-free probiotic drinks and others. By distribution channel, it is categorized into Large retail, small retail, specialty store and online. Regionally, the dairy alternatives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Market Potential Of Dairy Alternatives Market
Dairy Alternatives Market by Product Type (Plant Milk, Cheese, Yogurt, Butter, Ice Cream), Source (Almond Protein, Soy Protein, Wheat Protein), and Distribution Channel (Business to Business and Business to Customers) – Global Forecast To 2027.
The dairy Alternatives market is expected to reach $44.9 billion by 2027, at a CAGR of 11.2% during the forecast period of 2020 to 2027. The increasing intolerance for animal proteins, nutritional benefits offered by plant-based dairy products, growing investments in dairy alternatives, and increasing vegan & vegetarian population are the key factors driving the growth of the dairy alternatives market. Moreover, emerging countries are expected to create lucrative opportunities for players operating in this market.
Click here to get sample report: https://www.meticulousresearch.com/request-sample-report/cp_id=5128
Dairy Alternatives has been very popular in the mature and emerging market. This can be attributed to rise in the number of people allergic to dairy. Furthermore, growth in health awareness and increase in the disposable income has aided the Dairy alternatives Market growth. Moreover, introduction of additional healthy ingredients in by different market players are some other factors that further drive the growth of the market. However, fluctuating prices of raw materials and high cost of act as the major restraint for this market. On the contrary, growth in demand for dairy alternatives by vegan population and introduction of new flavour & variety of dairy alternatives is anticipated to provide growth opportunities for the dairy alternatives market.
The dairy alternatives market has been segmented based on source, application, distribution channel, Region. By source, the market is divided into soy, almond, rice, and other sources. On the basis of application, it is fragmented into food which includes spread, creamer, yogurt, tofu and others; and beverages which includes dairy alternative milk, dairy-free probiotic drinks and others. By distribution channel, it is categorized into Large retail, small retail, specialty store and online. Regionally, the dairy alternatives market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact of COVID-19 on the Dairy Alternatives Market
The COVID-19 pandemic has adversely hit many economies around the globe. The pandemic has affected more than 200 countries infecting more than 11,874,226 people and killing 545,481 as of 9thJuly 2020 (Source: European Centre for Disease Prevention and Control). COVID-19, the disease spread by the novel coronavirus SARS-nCoV-2, has quickly spread to 216 countries and territories continents and caused a public health emergency in all countries. The pandemic has led to some best practice models for the dairy alternatives industry. From a manufacturing and distributing point of view, this industry has faced unprecedented demand from manufacturers as well as consumers, particularly for some products, such as plant-based milk, cheese, and yogurt. Many companies in dairy alternatives have already started changing their strategies, witnessing sudden growth in demand.
The dairy alternatives industry has been vibrant at stepping up to the challenge and delivering in the upcoming years, the shortage of traditional dairy options on grocery store shelves presents a unique opportunity to accelerate the adoption of alternative dairy products mainly in North America and Europe. COVID-19 is providing a surprising increase in sales for alternative dairy products. According to the Good Food Institute, Plant Based Foods Association, IRI, and Nielsen data, in April 2020, in the U.S., retail sales of oat milk grew 476.7% in the week ending March 14, while dairy milk sales grew 32.4% as compared to last year. An upsurge in sales was mainly attributed to increased sales of oat milk and nutritional plant-based butter.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5128
Key Players
The dairy alternatives market is highly fragmented, with the presence of many small private vendors in the market. Some of the key players operating in the global dairy alternatives market are Danone SA (France), Follow Your Heart (U.S.), The Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Sanitarium health and wellbeing company (Australia), AXIOM Foods, Inc. (U.S.), Daiya Foods, Inc.(Canada), Earth's Own Food Company, Inc. (Canada), (Australia).
Scope of the report
Dairy Alternatives Market, by Product Type
Almond Milk
Soy Milk
Coconut Milk
Rice Milk
Others
Dairy Alternatives Market, by Source
Almond Protein
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Others
Dairy Alternatives Market, by Distribution Channel
Modern Groceries
Convenience Store
Specialty Store
Online Retail
Others
Dairy Alternatives Market, by Geography
U.S.
Canada
U.K.
Germany
France
Italy
Spain
China
Japan
India
RoAPAC
Key questions answered in the report:
· Which product type is estimated to hold the major share of the market?
· Which source of dairy alternatives showcases high growth opportunities for the players operating in the dairy alternatives market?
· Which distribution channel segment is projected to create more traction in the global dairy alternatives market?
· What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global dairy alternatives market?
· Who are the major players operating in the global dairy alternatives market?
· Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the period?
Download PDF copy here: https://www.meticulousresearch.com/product/dairy-alternatives-market-5128
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
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The Probiotics Market is expected to reach $75.9 billion by 2027, at a CAGR of 5.6% during the forecast period of 2020 to 2027. Growing consumer awareness regarding the health benefits of probiotics, increasing use of probiotics as an alternative to antibiotics, and growing research on probiotics are the key factors driving the growth of the probiotics market. Moreover, the growing use of probiotics for children and e-commerce growth is expected to create lucrative opportunities for players operating in this market.
Recent Developments:
· In June 2018, Chr. Hansen expanded its product strain library for the development of next-generation probiotics.
· In August 2017, DuPont expanded its probiotic facility in Madison, Wisconsin, US. The company made an investment of USD 10 million. The motive behind the expansion was to further expand its presence in the probiotics market.
The probiotics market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on strain, product type, form, sales channel, end user, and geography. The study also evaluates industry competitors and analyses the market at a country level.
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The protein ingredients market is expected to grow at a CAGR (compound annual growth rate) of 7.8% from 2020 to 2027.The protein ingredients market study presents historical market data in terms of value (Protein 2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application & geography. the study also evaluates industry competitors and analyzes the market at the country level Based on type, the protein ingredients segmented into animal protein, plant protein, insect protein, and microbial Protein ingredient manufactures are facing a shortage in the supply of raw materials.......sources, which is likely to ease pressures on the global food chain.
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The Probiotics Market is expected to reach $75.9 billion by 2027, at a CAGR of 5.6% during the forecast period of 2020 to 2027. Growing consumer awareness regarding the health benefits of probiotics, increasing use of probiotics as an alternative to antibiotics, and growing research on probiotics are the key factors driving the growth of the probiotics market. Moreover, the growing use of probiotics for children and e-commerce growth is expected to create lucrative opportunities for players operating in this market.
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Probiotics Market statistics & Industry Growth Report
Probiotics Market by Strain (Bacillus), by Product Type (Dairy Food {Yogurt}, Baked Food}, Animal Feed), By Form (Liquid), By Sales Channel (Super Markets, Pharmacies), By End-User (Human {Adults, Senior}, Animal), and Geography– Global Forecast To 2027
The Probiotics Market is expected to reach $75.9 billion by 2027, at a CAGR of 5.6% during the forecast period of 2020 to 2027. Growing consumer awareness regarding the health benefits of probiotics, increasing use of probiotics as an alternative to antibiotics, and growing research on probiotics are the key factors driving the growth of the probiotics market. Moreover, the growing use of probiotics for children and e-commerce growth is expected to create lucrative opportunities for players operating in this market.
The probiotics market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on strain, product type, form, sales channel, end user, and geography. The study also evaluates industry competitors and analyses the market at a country level.
Download PDF Brochure @ https://www.meticulousresearch.com/download-sample-report/cp_id=5113
Based on strain, the probiotics market is mainly segmented into bacteria and yeast. The bacteria strain products segment is expected to command the dominant share of the overall probiotics market in 2020. The dominant position of this segment is mainly attributed to the growing use of bacteria strain in a wide variety of commercial dairy products, including sour and fresh milk, yogurt, and cheese.
Based on the product type, the probiotics market is mainly segmented into functional food & beverages, medical & dietary supplements, and animal feed. The probiotic medical & dietary supplements segment is expected to grow at the highest CAGR during the forecast period.
Based on form, the probiotics market is mainly divided into liquid and dry. In 2020, the liquid form segment is expected to command the largest share of the probiotics market. The large share of this market is mainly attributed to the growing use of liquid probiotics due to variations in liquid supplements and probiotic-enriched drinks. Also, liquid probiotics are convenient and easy to consume for children and the elderly who prefer swallowing pills.
Based on sales channel, the probiotics market is segmented into offline and online sales. The online sales segment is expected to grow at the highest CAGR during the forecast period.
Based on end user, the probiotics market is segmented into humans and animals. In 2020, the humans segment is expected to command the largest share of the probiotics market.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country-level and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global probiotics market report based on product, ingredient, end-use, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2014 - 2025)
· Probiotic Food & Beverages
Dairy
o Non-dairy
o Cereals
o Baked Food
o Fermented Meat
o Dry Food
· Probiotic Dietary Supplements
o Food Supplements
o Nutritional Supplements
o Specialty Supplements
o Infant Formula
· Animal feed Probiotics
Ingredient Outlook (Revenue, USD Million, 2014 - 2025)
· Bacteria
· Yeast
End-Use Outlook (Revenue, USD Million, 2014 - 2025)
· Human Probiotics
· Animal Probiotics
Distribution Channel Outlook (Revenue, Million, 2014 - 2025)
· Hypermarkets/Supermarkets
· Pharmacies/Drugstores
· Specialty Stores
· Online Stores
Regional Outlook (Revenue, USD Million, 2014 - 2025)
· North America
o The U.S.
o Canada
o Mexico
· Europe
o Germany
o U.K.
o France
· Asia Pacific
o China
o Japan
o India
· Central & South America
o Brazil
· Middle East & Africa
o Saudi Arabia
Impact of COVID-19 on the Probiotics Market
The global impacts of COVID-19 are already starting to be felt and will significantly affect the probiotics market in 2020. The health officials have not determined the exact cause of COVID-19, which has sickened more than 109,206,497 people and killed 2,407,469, as of 18 February 2021 (Source: European Centre for Disease Prevention and Control). Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries worldwide, with the World Health Organization declaring it a public health emergency.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business:https://www.meticulousresearch.com/speak-to-analyst/cp_id=5113
Frequently Asked Questions About This Report
· How big is the probiotics market?
· What is the probiotics market growth?
· Which segment accounted for the largest probiotics market share?
· Who are the key players in probiotics market?
· What are the factors driving the probiotics market?
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Global Probiotics Market- Industry Trend & Forecast
Probiotics Market by Strain (Bacillus), by Product Type (Dairy Food {Yogurt}, Baked Food}, Animal Feed), By Form (Liquid), By Sales Channel (Super Markets, Pharmacies), By End-User (Human {Adults, Senior}, Animal), and Geography– Global Forecast To 2027
The Probiotics Market is expected to reach $75.9 billion by 2027, at a CAGR of 5.6% during the forecast period of 2020 to 2027. Growing consumer awareness regarding the health benefits of probiotics, increasing use of probiotics as an alternative to antibiotics, and growing research on probiotics are the key factors driving the growth of the probiotics market. Moreover, the growing use of probiotics for children and e-commerce growth is expected to create lucrative opportunities for players operating in this market.
Recent Developments:
· In June 2018, Chr. Hansen expanded its product strain library for the development of next-generation probiotics.
· In August 2017, DuPont expanded its probiotic facility in Madison, Wisconsin, US. The company made an investment of USD 10 million. The motive behind the expansion was to further expand its presence in the probiotics market.
The probiotics market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on strain, product type, form, sales channel, end user, and geography. The study also evaluates industry competitors and analyses the market at a country level.
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Based on strain, the probiotics market is mainly segmented into bacteria and yeast. The bacteria strain products segment is expected to command the dominant share of the overall probiotics market in 2020. The dominant position of this segment is mainly attributed to the growing use of bacteria strain in a wide variety of commercial dairy products, including sour and fresh milk, yogurt, and cheese.
Based on the product type, the probiotics market is mainly segmented into functional food & beverages, medical & dietary supplements, and animal feed. The probiotic medical & dietary supplements segment is expected to grow at the highest CAGR during the forecast period.
Based on form, the probiotics market is mainly divided into liquid and dry. In 2020, the liquid form segment is expected to command the largest share of the probiotics market. The large share of this market is mainly attributed to the growing use of liquid probiotics due to variations in liquid supplements and probiotic-enriched drinks. Also, liquid probiotics are convenient and easy to consume for children and the elderly who prefer swallowing pills.
Based on sales channel, the probiotics market is segmented into offline and online sales. The online sales segment is expected to grow at the highest CAGR during the forecast period.
Based on end user, the probiotics market is segmented into humans and animals. In 2020, the humans segment is expected to command the largest share of the probiotics market.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country-level and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global probiotics market report based on product, ingredient, end-use, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2014 - 2025)
· Probiotic Food & Beverages
Dairy
o Non-dairy
o Cereals
o Baked Food
o Fermented Meat
o Dry Food
· Probiotic Dietary Supplements
o Food Supplements
o Nutritional Supplements
o Specialty Supplements
o Infant Formula
· Animal feed Probiotics
Ingredient Outlook (Revenue, USD Million, 2014 - 2025)
· Bacteria
· Yeast
End-Use Outlook (Revenue, USD Million, 2014 - 2025)
· Human Probiotics
· Animal Probiotics
Distribution Channel Outlook (Revenue, Million, 2014 - 2025)
· Hypermarkets/Supermarkets
· Pharmacies/Drugstores
· Specialty Stores
· Online Stores
Regional Outlook (Revenue, USD Million, 2014 - 2025)
· North America
o The U.S.
o Canada
o Mexico
· Europe
o Germany
o U.K.
o France
· Asia Pacific
o China
o Japan
o India
· Central & South America
o Brazil
· Middle East & Africa
o Saudi Arabia
Impact of COVID-19 on the Probiotics Market
The global impacts of COVID-19 are already starting to be felt and will significantly affect the probiotics market in 2020. The health officials have not determined the exact cause of COVID-19, which has sickened more than 109,206,497 people and killed 2,407,469, as of 18 February 2021 (Source: European Centre for Disease Prevention and Control). Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries worldwide, with the World Health Organization declaring it a public health emergency.
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Frequently Asked Questions About This Report
· How big is the probiotics market?
· What is the probiotics market growth?
· Which segment accounted for the largest probiotics market share?
· Who are the key players in probiotics market?
· What are the factors driving the probiotics market?
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The protein ingredient market study presents historical market data in terms of value(2018 and 2019), estimated current data (2020),and forecast for 2027.The market is segmented based on type, form, application & geography.
The protein ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level. However, the insect protein segment is market is mainly expected to grow at the highest CAGR during the forecast period, which is mainly attributed to the growing demand for environment-friendly protein-rich foods, rising investments in edible insect farming, and altering attitudes towards insects as food & Based on application, the protein ingredients market is mainly segmented into food & beverage, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food & beverage segment commanded the largest share of the overall protein ingredients market in 2020. the segment large share is mainly attributed to increasing consumer preference for novel foods and ingredients, the growing awareness and demand for protein-rich food products, the protein ingredients' versatile functionality and compatibility with vegetarian and vegan lifestyles, and the rising 'clean ' trend.
Based on form, the protein ingredients market is segmented into dry and liquid forms. The dry form segment accounted for the larger share of the overall protein ingredients market in 2020, which is mainly attributed to the dry protein ingredients' higher demand due to their ease of handling & transportation, cost-effectiveness, and ability to avoid costly formulation the stability of the ingredient. This segment is also expected to record the higher CAGR during the forecast period.
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Key Questions Answered in the Report:
• What is the value of revenue generated from the sale of protein ingredients across the globe? At what rate is their demand expected to grow for the next 5–8 years?
• Which type is estimated to hold the major share of the market?
• Which form segment is projected to gain more traction in the global protein ingredients market?
• Which application segment is projected to gain more traction in the global protein ingredients market?
• What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the global protein ingredients market?
• Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?
• Who are the major players operating in the global protein ingredients market?
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Protein Ingredient Market: Global Industry Trends, Share, size, Growth, Opportunity And forecast 2021-2027
The growing functional food market to the global demand for Protein Ingredient....
The protein ingredients market is expected to grow at a CAGR (compound annual growth rate) of 7.8% from 2020 to 2027.The protein ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application & geography. the study also evaluates industry competitors and analyzes the market at the country level Based on type, the protein ingredients segmented into animal protein, plant protein, insect protein, and microbial Protein ingredient manufactures are facing a shortage in the supply of raw materials.......sources, which is likely to ease pressures on the global food chain.
The protein ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level. However, the insect protein segment is market is mainly expected to grow at the highest CAGR during the forecast period, which is mainly attributed to the growing demand for environment-friendly protein-rich foods, rising investments in edible insect farming, and altering attitudes towards insects as food & Based on application, the protein ingredients market is mainly segmented into food & beverage, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food & beverage segment commanded the largest share of the overall protein ingredients market in 2020. the segment large share is mainly attributed to increasing consumer preference for novel foods and ingredients, the growing awareness and demand for protein-rich food products, the protein ingredients' versatile functionality and compatibility with vegetarian and vegan lifestyles, and the rising 'clean ' trend.
Protein ingredients play a vital role in healing and repairing the human body. They are one of the building blocks of body tissue and can also serve as a fuel source. As a fuel, proteins provide as much energy density as carbohydrates. They also help in regulating weight, improving physical strength, lowering muscle loss caused by aging, and mitigating the risk of chronic diseases. As a result, protein ingredients are widely used in the production of foods and beverages, animal feed, nutrition and health supplements, personal care and cosmetic products, and pharmaceuticals. Major factors driving the growth of the protein ingredients market are the growth in the functional foods and beverages market, advancements in ingredient technologies such as microencapsulation, rising demand for livestock products, increasing awareness about the benefits of protein consumption, and growing consumer inclination towards protein-rich diets. Additionally, the growing potential of insect and plant proteins, untapped emerging markets such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing consumer inclination towards the vegan diet are expected to provide significant growth opportunities for protein ingredient manufacturers in the coming years.
Based on form, the protein ingredients market is segmented into dry and liquid forms. The dry form segment accounted for the larger share of the overall protein ingredients market in 2020, which is mainly attributed to the dry protein ingredients' higher demand due to their ease of handling & transportation, cost-effectiveness, and ability to avoid costly formulation the stability of the ingredient. This segment is also expected to record the higher CAGR during the forecast period.
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Protein Ingredients Market, by Type
Animal Protein Ingredients
Dairy Protein
Milk Protein
Whey Protein
Egg Protein
Gelatin
Other Animal Proteins
Plant Protein Ingredients
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Potato Protein
Canola Protein
Corn Protein
Other Plant Proteins
Insect Protein Ingredients
Microbial Protein Ingredients
Algae
Fungi
Others
Protein Ingredients Market, by Application
Food & Beverage
Animal Feed
Nutrition and Health Supplements
Pharmaceuticals
Personal care and Cosmetics
Others
Protein Ingredient Market, by forms
Dry
liquid
Protein Ingredients Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
· Asia-Pacific (APAC)
o (APAC) China
o India
o Japan
o Australia
· Latin America
· Middle East & Africa
Impact of covid-19 Protein Ingredient Market
The COVID-19 pandemic has had a mixed impact on the protein ingredients market. The positive aspects include the growing inclination of health-conscious consumers towards healthy and protein-rich products. The protein ingredients market is experiencing a positive impact mainly due to the key role of protein in immune system health. During the pandemic, Individuals have become highly focused on boosting immunity and reducing weight, which is likely to increase the demand for protein ingredients. However, this industry has faced some challenges from the manufacturing and distribution point of view. The outbreak has led to massive disruptions in supply chains and caused demand-based fluctuations in the prices of raw materials, which may increase protein ingredient prices. This market has witnessed a slight decline due to the lockdowns imposed across various countries. Protein ingredient manufacturers are facing a shortage in the supply of raw materials in many regions. Moreover, in some regions, lockdowns have been announced to control the pandemic, impacting the ingredient supply chains for food, feed, and health supplements.
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Key Questions Answered in the Report:
• What is the value of revenue generated from the sale of protein ingredients across the globe? At what rate is their demand expected to grow for the next 5–8 years?
• Which type is estimated to hold the major share of the market?
• Which form segment is projected to gain more traction in the global protein ingredients market?
• Which application segment is projected to gain more traction in the global protein ingredients market?
• What are the key factors supporting the growth of this market? What are the major opportunities for existing market players and new entrants in the global protein ingredients market?
• Which regions/countries are likely to offer significant growth opportunities for the vendors in this market during the analysis period?
• Who are the major players operating in the global protein ingredients market?
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#content#publishing#proteins#foods#supplements#beverage#segment#segmented#mainly#ingredient#ingredients#protein
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PROTEIN INGREDIENTS MARKET WORTH $73.09 BILLION BY 2027
Protein Ingredients Market by Type (Animal protein , plant protein, Insect Protein, Microbial Protein), Form (Dry, Liquid), and Application (Food & Beverage, Animal Feed, Nutritional Supplements, Pharmaceuticals, Cosmetics)—Global Forecast to 2027.
The protein ingredients market is expected to grow at a CAGR (compound annual growth rate) of 7.8% from 2020 to 2027.The protein ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application & geography. The study also evaluates industry competitors and analyzes the market at the country level Based on type, the protein ingredients segmented into animal protein, plant protein, insect protein, and microbial protein.
Protein ingredient manufactures are facing a shortage in the supply of raw materials.......sources, which is likely to ease pressures on the global food chain .The protein ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on type, form, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level. However, the insect protein segment is market is mainly expected to grow at the highest CAGR during the forecast period, which is mainly attributed to the growing demand for environment-friendly protein-rich foods, rising investments in edible insect farming, and altering attitudes towards insects as food & Based on application, the protein ingredients market is mainly segmented into food & beverage, animal feed, nutrition and health supplements, pharmaceuticals, personal care and cosmetics, and others. The food & beverage segment commanded the largest share of the overall protein ingredients market in 2020. the segment large share is mainly attributed to increasing consumer preference for novel foods and ingredients, the growing awareness and demand for protein-rich food products, the protein ingredients' versatile functionality and compatibility with vegetarian and vegan lifestyles, and the rising 'clean ' trend.
Based on form, the protein ingredients market is segmented into dry and liquid forms. The dry form segment accounted for the larger share of the overall protein ingredients market in 2020, which is mainly attributed to the dry protein ingredients' higher demand due to their ease of handling & transportation, cost-effectiveness, and ability to avoid costly formulation the stability of the ingredient. This segment is also expected to record the higher CAGR during the forecast period.
Download Sample PDF Copy Here https://www.meticulousresearch.com/download-sample-report/cp_id=5173
Protein ingredients play a vital role in healing and repairing the human body. They are one of the building blocks of body tissue and can also serve as a fuel source. As a fuel, proteins provide as much energy density as carbohydrates. They also help in regulating weight, improving physical strength, lowering muscle loss caused by aging, and mitigating the risk of chronic diseases. As a result, protein ingredients are widely used in the production of foods and beverages, animal feed, nutrition and health supplements, personal care and cosmetic products, and pharmaceuticals. Major factors driving the growth of the protein ingredients market are the growth in the functional foods and beverages market, advancements in ingredient technologies such as microencapsulation, rising demand for livestock products, increasing awareness about the benefits of protein consumption, and growing consumer inclination towards protein-rich diets. Additionally, the growing potential of insect and plant proteins, untapped emerging markets such as Southeast Asia, Latin America, and the Middle East & Africa, and increasing consumer inclination towards the vegan diet are expected to provide significant growth opportunities for protein ingredient manufacturers in the coming years.
Protein Ingredients Market, by Type
Animal Protein Ingredients
Dairy Protein
Milk Protein
Whey Protein
Egg Protein
Gelatin
Other Animal Proteins
Plant Protein Ingredients
Soy Protein
Wheat Protein
Pea Protein
Rice Protein
Potato Protein
Canola Protein
Corn Protein
Other Plant Proteins
Insect Protein Ingredients
Microbial Protein Ingredients
Algae
Fungi
Others
Protein Ingredients Market, by Application
Food & Beverage
Animal Feed
Nutrition and Health Supplements
Pharmaceuticals
Personal Care and Cosmetics
Others
Protein Ingredients Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
· Asia-Pacific (APAC)
o (APAC) China
o India
o Japan
o Australia
· Latin America
· Middle East & Africa
Impact of covid-19 Protein Ingredient Market
The COVID-19 pandemic has had a mixed impact on the protein ingredients market. The positive aspects include the growing inclination of health-conscious consumers towards healthy and protein-rich products. The protein ingredients market is experiencing a positive impact mainly due to the key role of protein in immune system health. During the pandemic, Individuals have become highly focused on boosting immunity and reducing weight, which is likely to increase the demand for protein ingredients. However, this industry has faced some challenges from the manufacturing and distribution point of view. The outbreak has led to massive disruptions in supply chains and caused demand-based fluctuations in the prices of raw materials, which may increase protein ingredient prices. This market has witnessed a slight decline due to the lockdowns imposed across various countries. Protein ingredient manufacturers are facing a shortage in the supply of raw materials in many regions. Moreover, in some regions, lockdowns have been announced to control the pandemic, impacting the ingredient supply chains for food, feed, and health supplements.
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#type#form#applications#geography#proteine#ingredient#market#food#versatile#dry#liquid#energy#density#growing#potential#cost effectiveness
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