• Carbonated Soft Drinks Market Overview and Forecast 2032

    View the full report for in-depth market breakdowns and forecasts: https://dataintelo.com/report/carbonated-soft-drinks-market

    The Carbonated Soft Drinks Market is undergoing significant transformation as consumers shift toward more health-conscious and functional beverage options. Despite health concerns around sugar and artificial additives, the market continues to expand, driven by innovation, regional preferences, and increasing disposable incomes in emerging economies.
    Carbonated Soft Drinks Market Overview and Forecast 2032 View the full report for in-depth market breakdowns and forecasts: https://dataintelo.com/report/carbonated-soft-drinks-market The Carbonated Soft Drinks Market is undergoing significant transformation as consumers shift toward more health-conscious and functional beverage options. Despite health concerns around sugar and artificial additives, the market continues to expand, driven by innovation, regional preferences, and increasing disposable incomes in emerging economies.
    DATAINTELO.COM
    Carbonated Soft Drinks Market Report | Global Forecast From 2025 To 2033
    The global carbonated soft drinks market is a dynamic and evolving industry, marked by a substantial market size projected to grow from approximately USD 230 billion in 2023 to an estimated USD 290 billion by 2032.
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  • Tomato Ketchup Market: A Strategic Analysis of the Key Players and Their Strategies

    Tomato Ketchup Market Size was estimated at 21.70 (USD Billion) in 2024. The Tomato Ketchup Industry is expected to grow from 22.21(USD Billion) in 2025 to 27.33 (USD Billion) by 2034. The Tomato Ketchup Market CAGR (growth rate) is expected to be around 2.3% during the forecast period (2025-2034).

    Tomato ketchup has long been a staple in households, restaurants, and fast-food outlets worldwide, serving as a versatile condiment that enhances the taste of various dishes. The global tomato ketchup market continues to grow due to rising consumer demand, innovations in packaging, and shifts in consumer preferences towards healthier and organic alternatives. The market is segmented based on packaging type, application, organic vs. conventional production, flavor variations, distribution channels, and regional influence.

    Industry Developments

    The tomato ketchup market has witnessed significant industry developments in recent years. Manufacturers are focusing on introducing organic and low-sugar options to cater to health-conscious consumers. Many brands have also been developing innovative flavors, such as spicy, garlic-infused, and sweet variants, to attract diverse consumer preferences. Sustainable packaging has become a key focus area, with brands shifting to recyclable and biodegradable materials to reduce their environmental footprint. Additionally, digital transformation has reshaped distribution strategies, with online retailers offering direct-to-consumer sales and subscription-based services. Private-label brands are also gaining traction, as supermarkets and hypermarkets introduce their own ketchup lines at competitive prices.

    Key Players are:

    Birds Eye Foods Inc ,The J.M. Smucker Company ,Del Monte ,Conagra Brands ,Asda Stores Limited ,Premier Foods ,Gebr. van den Bergh ,Givaudan S. A. ,Premier Foods plc ,C.F. Mueller Company ,Heinz Kraft ,Chobani LLC ,Kraft Heinz Company ,Unilever ,Ken's Foods, Inc


    Market Drivers and Challenges

    Market Drivers

    The increasing demand for fast food and processed food products significantly drives the tomato ketchup market. With the expansion of global fast-food chains and QSRs, the consumption of ketchup as a complementary product has risen. Changing consumer lifestyles, particularly in urban areas, have led to greater reliance on ready-to-eat and convenience foods, further fueling market growth.

    Health-conscious consumers are pushing manufacturers to develop healthier ketchup variants, such as organic, sugar-free, and low-sodium options. Additionally, increasing disposable incomes, particularly in emerging economies, have allowed consumers to explore premium and gourmet ketchup brands. Innovation in packaging, including eco-friendly and portion-controlled options, has also contributed to market expansion by improving convenience and sustainability.

    Market Challenges

    Despite growth opportunities, the tomato ketchup market faces certain challenges. One of the key challenges is fluctuating raw material prices, particularly tomatoes, which are subject to seasonal availability and climate changes. The high sugar and sodium content in conventional ketchup has led to increasing scrutiny from health organizations and regulatory bodies, pushing brands to reformulate their products to meet evolving health standards.

    Intense market competition is another challenge, with established brands facing pressure from private-label products and regional manufacturers offering budget-friendly alternatives. Moreover, consumer preferences are shifting towards homemade and fresh condiments, posing a potential threat to packaged ketchup sales. The rising trend of alternative condiments, such as mayonnaise, mustard, and hot sauces, has also created competition, requiring ketchup brands to innovate continuously to retain market share.

    "Browse Report" - Explore the report's contents, sections, and key insights by browsing through its detailed information: https://www.marketresearchfuture.com/reports/tomato-ketchup-market-24781
    Tomato Ketchup Market: A Strategic Analysis of the Key Players and Their Strategies Tomato Ketchup Market Size was estimated at 21.70 (USD Billion) in 2024. The Tomato Ketchup Industry is expected to grow from 22.21(USD Billion) in 2025 to 27.33 (USD Billion) by 2034. The Tomato Ketchup Market CAGR (growth rate) is expected to be around 2.3% during the forecast period (2025-2034). Tomato ketchup has long been a staple in households, restaurants, and fast-food outlets worldwide, serving as a versatile condiment that enhances the taste of various dishes. The global tomato ketchup market continues to grow due to rising consumer demand, innovations in packaging, and shifts in consumer preferences towards healthier and organic alternatives. The market is segmented based on packaging type, application, organic vs. conventional production, flavor variations, distribution channels, and regional influence. Industry Developments The tomato ketchup market has witnessed significant industry developments in recent years. Manufacturers are focusing on introducing organic and low-sugar options to cater to health-conscious consumers. Many brands have also been developing innovative flavors, such as spicy, garlic-infused, and sweet variants, to attract diverse consumer preferences. Sustainable packaging has become a key focus area, with brands shifting to recyclable and biodegradable materials to reduce their environmental footprint. Additionally, digital transformation has reshaped distribution strategies, with online retailers offering direct-to-consumer sales and subscription-based services. Private-label brands are also gaining traction, as supermarkets and hypermarkets introduce their own ketchup lines at competitive prices. Key Players are: Birds Eye Foods Inc ,The J.M. Smucker Company ,Del Monte ,Conagra Brands ,Asda Stores Limited ,Premier Foods ,Gebr. van den Bergh ,Givaudan S. A. ,Premier Foods plc ,C.F. Mueller Company ,Heinz Kraft ,Chobani LLC ,Kraft Heinz Company ,Unilever ,Ken's Foods, Inc Market Drivers and Challenges Market Drivers The increasing demand for fast food and processed food products significantly drives the tomato ketchup market. With the expansion of global fast-food chains and QSRs, the consumption of ketchup as a complementary product has risen. Changing consumer lifestyles, particularly in urban areas, have led to greater reliance on ready-to-eat and convenience foods, further fueling market growth. Health-conscious consumers are pushing manufacturers to develop healthier ketchup variants, such as organic, sugar-free, and low-sodium options. Additionally, increasing disposable incomes, particularly in emerging economies, have allowed consumers to explore premium and gourmet ketchup brands. Innovation in packaging, including eco-friendly and portion-controlled options, has also contributed to market expansion by improving convenience and sustainability. Market Challenges Despite growth opportunities, the tomato ketchup market faces certain challenges. One of the key challenges is fluctuating raw material prices, particularly tomatoes, which are subject to seasonal availability and climate changes. The high sugar and sodium content in conventional ketchup has led to increasing scrutiny from health organizations and regulatory bodies, pushing brands to reformulate their products to meet evolving health standards. Intense market competition is another challenge, with established brands facing pressure from private-label products and regional manufacturers offering budget-friendly alternatives. Moreover, consumer preferences are shifting towards homemade and fresh condiments, posing a potential threat to packaged ketchup sales. The rising trend of alternative condiments, such as mayonnaise, mustard, and hot sauces, has also created competition, requiring ketchup brands to innovate continuously to retain market share. "Browse Report" - Explore the report's contents, sections, and key insights by browsing through its detailed information: https://www.marketresearchfuture.com/reports/tomato-ketchup-market-24781
    WWW.MARKETRESEARCHFUTURE.COM
    Tomato Ketchup Market Size, Share, Trends, Forecast 2034
    Tomato Ketchup Market Size is Anticipated to Reach at a USD 27.33 Billion 2034 with CAGR 2.3% by 2025-2034, Due to Growing Popularity of Convenience Foods and Fast Casual Dining
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  • Himalayan Salt Market Trends: A Deep Dive into Key Growth Drivers

    The global Himalayan salt market size is anticipated to be worth US$ 19,859 million by 2034. According to the estimates, the market is projected to clock a 5.00% CAGR until 2034. In 2024, the Himalayan salt market size is valued at US$ 12,158.4 million.
    Read More: https://www.globenewswire.com/en/news-release/2024/11/06/2975786/0/en/Himalayan-Salt-Market-Poised-to-Reach-USD-19-86-Billion-by-2034-Driven-by-Growing-Demand-for-Natural-and-Mineral-Rich-Ingredients-Future-Market-Insights-Inc.html
    The Himalayan Salt Market encompasses the production, distribution, and sales of Himalayan salt, a natural salt harvested primarily from the Khewra Salt Mine in Pakistan. Known for its pink hue and mineral-rich composition, Himalayan salt is often marketed as a healthier alternative to traditional table salt due to its minimal processing and the presence of trace minerals like calcium, magnesium, and potassium.
    The market covers a wide range of applications, including:
    1. Culinary Use: Himalayan salt is used as a premium ingredient in cooking and food preparation.
    2. Wellness Products: Utilized in spa treatments, salt therapies, and respiratory health products.
    3. Skincare and Beauty: Incorporated into scrubs, bath salts, and other skincare formulations for its exfoliating and purifying properties.
    4. Home Décor: Salt lamps and other décor items marketed for their aesthetic and purported health benefits.
    Industry Growth
    The Himalayan Salt Market has witnessed steady growth due to several factors:
    1. Rising Health Awareness
    Consumers are increasingly seeking natural and healthier alternatives to processed table salt, driving demand for minimally processed products like Himalayan salt.
    2. Growth in Premium and Natural Food Products
    The market benefits from the growing trend of premium food products, which emphasize transparency, natural origins, and high-quality ingredients.
    3. Diverse Applications in Wellness and Skincare
    Himalayan salt’s versatility, particularly in wellness and skincare, strengthens its market appeal. Spas, wellness centers, and beauty brands incorporate Himalayan salt into therapies and products for its reported respiratory and skin benefits.
    4. Expanding Geographical Demand
    o North America and Europe: High consumer awareness and demand for premium wellness products drive growth.
    o Asia-Pacific: Emerging markets in countries like India and China show rapid adoption due to increasing disposable incomes and health-conscious lifestyles.
    5. E-commerce Growth
    Online platforms have made Himalayan salt more accessible, driving global sales and consumer awareness.
    Himalayan Salt Market Trends: A Deep Dive into Key Growth Drivers The global Himalayan salt market size is anticipated to be worth US$ 19,859 million by 2034. According to the estimates, the market is projected to clock a 5.00% CAGR until 2034. In 2024, the Himalayan salt market size is valued at US$ 12,158.4 million. Read More: https://www.globenewswire.com/en/news-release/2024/11/06/2975786/0/en/Himalayan-Salt-Market-Poised-to-Reach-USD-19-86-Billion-by-2034-Driven-by-Growing-Demand-for-Natural-and-Mineral-Rich-Ingredients-Future-Market-Insights-Inc.html The Himalayan Salt Market encompasses the production, distribution, and sales of Himalayan salt, a natural salt harvested primarily from the Khewra Salt Mine in Pakistan. Known for its pink hue and mineral-rich composition, Himalayan salt is often marketed as a healthier alternative to traditional table salt due to its minimal processing and the presence of trace minerals like calcium, magnesium, and potassium. The market covers a wide range of applications, including: 1. Culinary Use: Himalayan salt is used as a premium ingredient in cooking and food preparation. 2. Wellness Products: Utilized in spa treatments, salt therapies, and respiratory health products. 3. Skincare and Beauty: Incorporated into scrubs, bath salts, and other skincare formulations for its exfoliating and purifying properties. 4. Home Décor: Salt lamps and other décor items marketed for their aesthetic and purported health benefits. Industry Growth The Himalayan Salt Market has witnessed steady growth due to several factors: 1. Rising Health Awareness Consumers are increasingly seeking natural and healthier alternatives to processed table salt, driving demand for minimally processed products like Himalayan salt. 2. Growth in Premium and Natural Food Products The market benefits from the growing trend of premium food products, which emphasize transparency, natural origins, and high-quality ingredients. 3. Diverse Applications in Wellness and Skincare Himalayan salt’s versatility, particularly in wellness and skincare, strengthens its market appeal. Spas, wellness centers, and beauty brands incorporate Himalayan salt into therapies and products for its reported respiratory and skin benefits. 4. Expanding Geographical Demand o North America and Europe: High consumer awareness and demand for premium wellness products drive growth. o Asia-Pacific: Emerging markets in countries like India and China show rapid adoption due to increasing disposable incomes and health-conscious lifestyles. 5. E-commerce Growth Online platforms have made Himalayan salt more accessible, driving global sales and consumer awareness.
    WWW.GLOBENEWSWIRE.COM
    Himalayan Salt Market Poised to Reach USD 19.86 Billion by 2034, Driven by Growing Demand for Natural and Mineral-Rich Ingredients | Future Market Insights, Inc.
    The Himalayan Salt Market is well-positioned for substantial growth through 2034, driven by evolving consumer preferences and diverse applications across...
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  • Navigating the Dishwashing Landscape: Forecasting Market Growth

    According to Stratview Research, The Dishwasher Market is poised to experience an impressive Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period. This growth is fueled by factors such as increasing disposable incomes, changing lifestyles, and the desire for time-saving solutions in household chores.
    To get more insights into the market, click on get free sample-

    https://www.stratviewresearch.com/1327/dishwasher-market.html
    Navigating the Dishwashing Landscape: Forecasting Market Growth According to Stratview Research, The Dishwasher Market is poised to experience an impressive Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period. This growth is fueled by factors such as increasing disposable incomes, changing lifestyles, and the desire for time-saving solutions in household chores. To get more insights into the market, click on get free sample- https://www.stratviewresearch.com/1327/dishwasher-market.html
    WWW.STRATVIEWRESEARCH.COM
    Dishwasher Market Share & Competitive Analysis: 2021-2026
    Dishwasher Market size is projected to grow at 6.0% CAGR. The report provides critical insights and covid-19 impact analysis on market size, share, trend, forecasts, competitive landscapes, and growth opportunities.
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  • The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions.

    Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747

    Segments:

    Gold Segment to Register Notable Growth Due to Escalating Disposable Income

    Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

    Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand

    Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels.

    Report Coverage:

    The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position.

    Drivers and Restraints:

    Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income

    Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment.

    However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others.

    Regional Insights:

    Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region

    Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent.

    The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region.

    Competitive Landscape:

    Market Players Enter Partnership Agreements to Strengthen Industry Presence

    Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences.
    The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions. Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747 Segments: Gold Segment to Register Notable Growth Due to Escalating Disposable Income Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa. Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels. Report Coverage: The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position. Drivers and Restraints: Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment. However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others. Regional Insights: Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent. The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region. Competitive Landscape: Market Players Enter Partnership Agreements to Strengthen Industry Presence Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences.
    Precious Metals Market Size, Industry Share, Global Trends, Forecast, 2030
    The global precious metals market is projected to grow from $275.40 billion in 2021 to $403.08 billion in 2028 at a CAGR of 5.6% in forecast period, 2021-2028
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  • The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions.

    Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747

    Segments:

    Gold Segment to Register Notable Growth Due to Escalating Disposable Income

    Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

    Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand

    Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels.

    Report Coverage:

    The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position.

    Drivers and Restraints:

    Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income

    Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment.

    However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others.

    Regional Insights:

    Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region

    Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent.

    The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region.

    Competitive Landscape:

    Market Players Enter Partnership Agreements to Strengthen Industry Presence

    Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences.

    Key Industry Development:

    May 2021 – Newmont Corporation acquired GT Gold to strengthen its portfolio. The deal comprised the Tatogga project, which would contribute to the production of gold and copper.

    List of Key Players Mentioned in the Report:

    Newmont Corporation (U.S.)
    Barrick Gold Corporation (Canada)
    AngloGold Ashanti Limited (South Africa)
    Kinross Gold Corporation (Canada)
    Newcrest Mining Limited (Australia)
    Gold Fields Limited (South Africa)
    Freeport-McMoRan (U.S.)
    PJSC Polyus (Russia)
    Anglo American Platinum Limited (South Africa)
    Impala Platinum Holdings Limited (South Africa)
    The global precious metals market size was USD 261.94 billion in 2020. The industry is expected to expand from USD 275.40 billion in 2021 to USD 403.08 billion in 2028, exhibiting a CAGR of 5.6% from 2021 to 2028. The rise can be credited to increasing disposable incomes and changing lifestyle choices across various regions. Information Source - https://www.fortunebusinessinsights.com/precious-metals-market-105747 Segments: Gold Segment to Register Notable Growth Due to Escalating Disposable Income Based on type, the market for precious metals is segmented into silver, gold, and platinum group metals. The gold segment is expected to record commendable expansion over the forecast period. The rise can be attributed to the surging disposable income and escalating knowledge regarding investments among consumers. Based on region, the industry is subdivided into Europe, Asia Pacific, North America, South America, and the Middle East & Africa. Industrial Segment to Record Commendable Surge Impelled by Growing Silver Demand Based on application, the industry for precious metals is fragmented into jewelry, industrial, investments, and others. Of these, the industrial segment is anticipated to depict considerable growth over the estimated period. The expansion can be credited to the surging silver demand from photovoltaic manufacturers. The segmental growth is further being driven by the rising demand for solar panels. Report Coverage: The report provides an in-depth analysis of the major trends that are expected to drive business growth over the forthcoming years. It further gives a comprehensive coverage of the key factors anticipated to impel the industry landscape across various regions. Additional aspects of the report comprise the significant steps taken by leading companies for the consolidation of their market position. Drivers and Restraints: Market Value to Surge Driven by Changing Lifestyle Choices & Surging Disposable Income Precious metals market growth is primarily being impelled by the changing lifestyle choices and surging disposable income. This is further being supplemented by the escalating significance of jewelry in the wedding ceremonies of India, China, and other South Asian countries. Besides, gold is considered as a safe haven for investment. However, the industry growth is likely to be hindered by a range of factors such as government reserves, geopolitical uncertainties, inflation, currency fluctuations, and others. Regional Insights: Asia Pacific to Emerge as Major Region Due to Presence of Electronics & Electrical Industry in the Region Asia Pacific precious metals market share is anticipated to register substantial growth through the forecast period. The surge can be credited to the presence of the largest electronics & electrical industry in the region. Further, India and China are key consumers of gold, which is expected to favor industry expansion to a considerable extent. The North America region is set to record commendable expansion over the estimated period. The rise can be attributed to robust manufacturing capabilities in the U.S. and the presence of precious mineral mines in the region. Competitive Landscape: Market Players Enter Partnership Agreements to Strengthen Industry Presence Leading companies are striking partnership deals and collaborations to strengthen their market presence. Several industry participants are focusing on a range of strategies including mergers, acquisitions, and the launch of new products to secure a competitive edge. Some of the additional initiatives include surging participation in trade fairs and conferences. Key Industry Development: May 2021 – Newmont Corporation acquired GT Gold to strengthen its portfolio. The deal comprised the Tatogga project, which would contribute to the production of gold and copper. List of Key Players Mentioned in the Report: Newmont Corporation (U.S.) Barrick Gold Corporation (Canada) AngloGold Ashanti Limited (South Africa) Kinross Gold Corporation (Canada) Newcrest Mining Limited (Australia) Gold Fields Limited (South Africa) Freeport-McMoRan (U.S.) PJSC Polyus (Russia) Anglo American Platinum Limited (South Africa) Impala Platinum Holdings Limited (South Africa)
    Precious Metals Market Size, Industry Share, Global Trends, Forecast, 2030
    The global precious metals market is projected to grow from $275.40 billion in 2021 to $403.08 billion in 2028 at a CAGR of 5.6% in forecast period, 2021-2028
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