consumer durables

  A study, recently conducted by the strategic consulting and market research firm  BlueWeave Consulting  revealed that the  travel retail market  was worth USD 54.3 Billion in the year 2020.  According to the study, the market is estimated to grow at a CAGR of  14.2  % ,  earning revenue of around USD 136.8 Billion by the end of 2027.  The growing number of international travelers is driving  global travel retail market . Additionally, the growing middle-class population and the variety of affordable travel options in developing countries are anticipated to fuel market growth. Also, technological advances and the emergence of high-end retail chains will help drive retail travel growth in the next few years. The Booming Travel and Tourism Industry Favoring the Growth of the Global Travel Retail Market Global travel and tourism have seen continuous growth, contributing to the development of the travel retail market. The rise in domes...

  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...

  A recent study conducted by the strategic consulting and market research firm   BlueWeave Consulting , revealed that the   India air purifier market   was worth USD 74.8 million in the year 2020. According to the study, the market is estimated to grow at a CAGR of 34.4%, earning revenue of around USD 565.7 million by the end of 2027. The growing air pollution levels and rising disposable income, along with the growing health concerns regarding the harmful effects of air pollution on human health are expected to boost market growth over the forecast period. Furthermore, the flourishing demand for air purifiers in the middle and high-income class families in India is growing rapidly and is anticipated to boost the India air purifier market during the forecast period. However, the need for significant space to set up air purifiers and high and periodic maintenance costs may act as a major restraining factor for the market growth. Growing Demand for Portable Air Purifi...

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the global   hard seltzer market   was worth USD 9 billion in the year 2021. The market is projected to grow at a CAGR of 22.40%, reaching revenues of around USD 37.1 billion by the end of 2028. The market is flourishing at a high rate owing to the increasing health consciousness among consumers and their willingness to decrease their alcohol consumption, due to which the hard seltzer is emerging as an effective option. Furthermore, increasing launches of new flavors and easy availability of hard seltzer in convenience stores and supermarkets/hypermarkets are also emerging as major driving factors for the growth of the market. Rising Launches of New Products is Driving Global Hard Seltzer Market With rising demand for hard seltzer among consumers, the market players are also launching new products with different flavors to attract consumers. For ins...