Consumer Goods

  A recent study conducted by the strategic consulting and market research firm,  BlueWeave Consulting , revealed that the Saudi Arabia pet food market was worth USD  50.8  billion in the year 2021. It is estimated to grow at a CAGR of  8.20 %, earning revenue of around USD  87.8  billion by the end of 202 8 . The growth of the  Saudi Arabia pet food market  is attributed to the rising trend of pet adoption among Saudis, particularly dogs and cats along with increasing humanization of animals among  pet owners  due to which their expenditure on best pet care and food is rising, propelling the demand for pet food in the country. Saudi Arabia is emerging as a potential market for pet food due to which the brands are increasingly launching new products in this region, which is anticipated to drive the market growth in the forecast period as well. The pet adoption rate has only recently been surging in Saudi Arabia. Therefore, this regi...

  A recent study conducted by the strategic consulting and market research firm,  BlueWeave Consulting , revealed that the United States HVAC market was worth USD  12.7  billion in the year 2021. It is estimated to grow at a CAGR of  6.40 %, earning revenue of around USD  19.5  billion by the end of 2028. The  United States HVAC Market  is growing at a rapid pace because of the customers' changing lifestyles and increasing disposable money. Additionally, expanding construction of residential, commercial, and industrial buildings as a result of increased private and governmental investment in infrastructure development, as well as rising demand for energy-efficient technologies, is moving the market in this area forward. The increased incorporation of modern technologies like IoT and AI, as well as the regular launch of new products by HVAC businesses, are expected to present new growth possibilities for the United States HVAC market during th...

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the   Saudi Arabia air conditioner market   is estimated to grow at a CAGR of 4.0% during the forecast period. The current scorching climatic conditions in Saudi Arabia, as well as their influence on individuals' health, are emerging as a primary driving force for market expansion. Furthermore, the region's high disposable income, as well as the rising number of residential and commercial structures, are expected to drive market expansion. However, the high maintenance cost of air conditioners may act as a huge restraining factor for the Saudi Arabia air conditioner market. High Disposable Income of Consumers is Driving the  Saudi Arabia Air Conditioner Market The disposable income and purchasing power of the average consumer of Saudi Arabia is relatively high compared to other countries. This acts as a major driving factor for the growth of th...

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the India chocolate market is estimated to grow at a CAGR of 11% during the forecast period of 2022-2028. The growth of the   India chocolate market   is attributed to the rising consumer awareness of the health benefits of moderate consumption of chocolate. The easy availability of a wide range of chocolate at different prices and brands in any retail stores or supermarkets/hypermarkets also plays a crucial factor in driving the market growth. The companies also significantly invest in advertising and marketing strategies to curate campaigns to gain consumer attention and boost their sales, which is anticipated to drive the India chocolate market growth in the forecast period. However, the high domination of certain chocolate brands in the market may act as a huge restraining factor for market growth. Health Benefits of Chocolates are Driving the I...

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the global  dairy alternatives market   was worth USD 24.1 billion in the year 2021. It is estimated to grow at a CAGR of 10.2%, earning revenue of around USD 47.4 billion by the end of 2028. The market is flourishing at a high rate owing to the increasing disposable income of the customers and changing lifestyles and eating habits. The rising demand for dairy alternatives is also attributed to increasing awareness of animal cruelty in the dairy industry. Furthermore, increasing launches of a wide range of dairy alternative products along with easy availability through online stores and supermarkets, and hypermarkets is also playing a crucial factor in driving the market growth. Increasing Consciousness Towards Animal Cruelty is Boosting the Global Dairy Alternatives Market Consumers are increasingly becoming conscious of what they are consuming and...