consumer durables

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the   global chocolate market   was worth USD 140.4 billion in the year 2021. The market is projected to grow at a CAGR of 4.70%, earning revenues of around USD 192.6 billion by the end of 2028. The global chocolate market is growing at a high rate owing to the increasing disposable income of the consumers, rising working population, and changing consumer preferences. Changing consumer preferences are augmenting sales of seasonal and premium chocolates during festive seasons instead of traditional sweets, which is emerging as another factor for the growth of the global chocolate market. However, fluctuations in the supply chain for raw materials act as a huge restraining factor for market growth. Launch of New Products by Chocolate Brands is Creating Lucrative Growth Opportunities The chocolate brands constantly launch new products to meet the chang...

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the   energy drink market   was worth USD 63.6 billion in the year 2021. The market is projected to grow at a CAGR of 8.20%, with revenues reaching USD 109.9 billion by 2028. The energy drink market is flourishing at a high rate owing to the rising health consciousness among consumers along with the shift from soft drinks and alcoholic beverages. Furthermore, increasing product launches of different flavors and ranges and rising availability through both online and offline stores are anticipated to drive market growth in the forecast period. However, the negative health impact of the excessive consumption of energy drinks may act as a huge restraining factor for the market. Surging Launches of New Products are Driving Energy Drink Market Growth With the rising demand for energy drinks in the market, the companies are constantly launching new product...