Consumer Goods

  A study, recently conducted by the strategic consulting and market research firm  BlueWeave Consulting , revealed that  Middle East and Africa Fruit Concentrate Market   was worth USD 2.5 Billion  in the year 2020.  It is estimated to grow at a CAGR of  6.5%  earning revenue of around USD 3.9 Billion  by the end of 2027. There is an increase in the demand among consumers for processed food and beverages without compromising on the taste and nutrition of the product, which is driving the growth of the Middle East and Africa fruit concentrate market. Several factors such as research, development, and opportunities to introduce new flavors of these products, contribute to the growth of the market. In light of rising health problems caused by highly processed foods, drinking fruit juices is becoming more important. Thus, consumer lifestyle changes and the growth of the food and beverage industry are driving the demand for fruit concentrates. Gr...

  A study, recently conducted by the strategic consulting and market research firm,  BlueWeave Consulting , revealed that  Global Vodka Market   was worth USD 46.2 Billion in  the year 2020. The market  is estimated to grow at a CAGR of 3.1%, earning revenue of around USD 57.4 Billion by  the end of 2027. Vodka is a distilled alcoholic beverage that comes in a transparent liquid form. The raw ingredients for vodka production include starches such as wheat and vegetables such as potatoes. Millennial consumers growing interested in cocktail culture is driving the growth of the global vodka market. Several key players are experimenting with innovative vodka cocktail flavors, which is encouraging consumers to explore more premium alcoholic beverages. Furthermore, many key market players are introducing new products to catch up with the fast changes in consumer preferences. Growth Drivers Increasing alcohol consumption among millennials Millennials make up ...

  The global Ultra-High Molecular Weight Polyethylene Fiber market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 7.3 billion in 2019. The market is further expected to touch USD 15.0 billion by 2026, growing at a CAGR of 11.8% during 2020-2026 (forecast period). The Ultra-High Molecular Weight Polyethylene Fiber market is likely to grow in the forecast timeframe due to a rise in demand for ultra-fiber molecular weight polyethylene fibers from the aerospace & defense industry and in orthopedic implants. Additionally, it has excellent mechanical properties which include high abrasion resistance, high impact strength, and low coefficient of friction.  Growth Drivers    Increasing demand for orthopedics implants    The rising demand for orthopedics implants is the major driver for the market. The demand for orthopedic implants has risen significantly, due to the rise geriatric population that increases the risk of osteoporo...

  The global Lab-Grown Diamonds market is estimated to have reached USD 17.8 billion in 2020 and is further projected to reach USD 27.9 billion by 2027, growing at a CAGR of 6.7% during 2021-2027 (forecast period). Diamonds are employed in manufacturing electronic goods such as flat screens, medical equipment, and the production of abrasives. Demand for synthetic stones in jewelry has exhibited a great upsurge. Increasing awareness and trends regarding fashion, particularly in terms of adorned accessories, has resulted in driving the growth of the segment. The availability of relatively low-cost jewelry with stones has shifted the consumer purchasing choice from natural to synthetically manufactured. Growth Drivers    Rapid growth of the construction and automotive sectors   The rapid growth of the construction & automotive sectors is the major factor in boosting the market. In the construction industry, lab-grown diamond is used for drilling, cutting, grinding ...