industry-insight-blog

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Packaged Food Market Worth USD 875.3 Billion by 2020

Asia-Pacific Packaged Food Market Report, published by Allied Market Research, forecasts that the market is expected to $875.3 billion by 2020, registering a CAGR of 5.6% during the period 2015-2020. Due to the growing demand for ready to consume beverages in countries such as India and China, the non-alcoholic drinks led the Asia-Pacific packaged food market. However, baby food and yogurt would prove to be the most promising products with respect to the growing concerns of baby health across different countries in the region. China dominates the Asia-Pacific packaged food market, constituting over 30% of the market revenue. However, India would witness the fastest CAGR during the forecast period.

Get a Sample Copy of this report: https://www.alliedmarketresearch.com/request-sample/1147

The product segment of baked goods was the second largest revenue generating segment in 2014 and is expected to grow at a CAGR of 6.1% during the forecast period. Demand for these products would be primarily augmented by increasing demand for baked foods like cakes, pastries and breads. Baby food would be the product segment growing at the fastest pace, followed by yogurt and cheese. Increasing concerns towards the health of babies is the key driver of baby food market. Moreover, the overall market of yogurt is growing pertaining to the rising demand for yogurt drinks.

On the basis of geography, China dominates the Asia-Pacific packaged food market, followed by Japan. The key factors that propel the overall packaged food market in the Asia-Pacific are consumer's point of preference towards convenience food, growing rate of urbanization and growth in organized retailing.

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Trends to Watch in the Ground Support Equipment Industry

According to a recent report published by Allied Market Research, titled, "Ground Support Equipment Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the ground support equipment market was valued at $12 billion in 2016, and is projected to reach at $24 billion by 2023, growing at a CAGR of 10.3% from 2017 to 2023.

Ground support equipment (GSE) enable to handle passengers & baggage, aircraft mobility, repair, service, and maintenance functions. On the basis of demand in the market, Asia-pacific and Middle East are the market leaders, owing to increase in air traffic and rise in number of airports and airplanes. Traffic improvement in India observed increase of 27% in 2016, and similar increment is observed in Asia-Pacific, Middle East, and Africa. Reduction in air traffic (9%) has observed in North America and Europe as compared to Africa and Middle East. On the contrary, North America is the global leader for supply of GSE followed by Europe. China dominates the manufacturing activities in the Asia-Pacific region.

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It's Time For New Vision - Neem Extract Industry Is Set to Boom in 2022

Neem Extract Market is expected to garner $2.04 billion by 2022, registering a CAGR of 17.4% during the forecast period 2016 to 2022. Neem extracts are derived from neem seed, leaves, and bark, and are used in a variety of products across the agriculture, cosmetics, and pharmaceutical sectors. Neem possesses a number of medicinal properties because of which it is an ideal ingredient in several organic products.

Growing awareness about the side effects related to extensive use of chemical-based personal care products such as soaps, shampoos and cosmetics which includes artificial components, and adoption of bio fertilizers are some of the factors that foster the growth of the neem extract market. The neem extract market is bifurcated on the basis of application and geography. In 2015, Asia-Pacific was the highest revenue-generating region in the global neem extract market.

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