Global Processed Snacks Market- Industry Trends & Forecast Report 2026

The global processed snacks market was worth USD 390.3 billion in 2020 and is further projected to reach USD 493.8 billion by 2026, growing at a CAGR of 4.2% during 2021-2027 (forecast period).

The shift in consumer eating habits is one of the major factors driving the market for processed snacks around the world. Processed snacks are more compact and less perishable than prepared foods. Other than preservatives and sweeteners, packaged snacks typically contain appealing ingredients such as peanuts, honey, dry fruits, and chocolates, allowing them to be relished any time of the day. Thus, processed snacks are gaining an edge over prepared foods.

Health and wellness-conscious consumers nowadays are turning to healthier snacks to avoid excessive calories, trans-fats, sugar, sodium, and other refined ingredients. Therefore, packaged snack vendors are coming up with vegan and plant-based snacks with high-protein content and low calories to cater to the taste of their health-conscious consumers.

Source: BlueWeave Consulting

Global Processed Snacks Market Forecast and Trends

Growth Drivers

Changing Lifestyle

One of the major factors driving the market for packaged snacks around the world have been the shift in consumer lifestyle. As there is an increasing trend in urbanization, more people are getting employed, which in turn is impacting their work-life balance. Therefore, processed snacks are usually designed to be more compact and less perishable than prepared foods to help consumers suppress their appetite in between the work. According to the World Bank, around 3.49 billion people were employed in 2020, which in turn increased the demand for the processed snacks.

Moreover, changes in lifestyle and consumer taste are also transforming the way they shop for food and drinks and consume them. This is particularly true for Millennials as they prefer fresh and experiential snacks of various flavors, textures, and ingredients. The Millennials are also more inclined towards consuming sustainable and organic processed food.

Aggressive Marketing and Promotional Campaigns

Processed snack manufacturers invest a huge amount in their promotional and marketing campaigns to attract the younger generation. For instance, McCain launched a USD 3.03 million campaign portraying the power of chips to unify families. It launched its "We are family" series featuring families from around the UK at the dinner table as they discuss Brexit....

Global Gift Card Market- Industry Trends & Forecast Report 2026

The global gift card market has gained momentum in recent years. It is further anticipated to grow at a stellar CAGR of 13.8% over the forecast period 2021-2026. The global gift card market is expected to reach USD 851.1 billion by 2026. The demand for gift cards is increasing due to the increase in the number of occasions and the rising popularity of the gifting culture. Moreover, the sales of gift cards increase at an exorbitant rate during festivals and special days, such as Birthdays, Anniversaries, Father's Day, Mother's Day, and so on. Nowadays, many vendors are launching unique products to stay ahead of the curve. Additionally, numerous entertainment corporations are also teaming up with technology solutions providers to launch e-gift cards to be used across major online and retail market places.

Source: BlueWeave Consulting

Global Gift Card Market Overview

A gift card is a prepaid debit card that contains a specific amount of money available for usage for a variety of purchases. Generally, gift cards are provided in the form of vouchers or coupons by organizations, stores, restaurants, etc., for buying at the relevant retail premises. Gift cards cannot be cashed out, and in some situations, may be subject to an expiry date or fees. Gift cards can also be customized to satisfy specific wants. A gift card with a personalized message or name added to the front of the cardboard makes the perfect associate degree personal gift or an incentive to associate degree staff to indicate however much they are valued and appreciated.

Global Gift Card Market Trends

Growth Drivers

Increasing Consumer Preferences to GoDigital

The rising penetration of smartphones along with affordable data plans have increased the adoption of m-Commerce which is projected to foster the market growth of gift cards. Consumers are rapidly downloading mobile apps, including Amazon, Flipkart, and eBay for online shopping as these online stores provide the ability to navigate more quickly and easy to make purchases on-the-go, thereby increasing the number of consumers making purchases online. Additionally, the growing number of e-commerce channels that enable the user to use gift cards are expected to foster the market growth of gift cards. What’s more, online payment also provides consumers with options to choose between digital and physical gift cards during online purchases....

Global Autonomous Vehicle Market- Industry Trends & Forecast Report 2027

The global autonomous vehicle market is expected to reach USD 52.4billion in 2027 at an impressive 14.5% CAGR during the forecast period (2021-2027). Government programs and legislation supporting self-driving technology are propelling the demand for autonomous vehicles. Government authorities are actively working with automotive developers to speed up advancements in the autonomous vehicle industry. Furthermore, the extensive R&D activities for the advancement of self-driving technology, as well as growing investment in the auto-tech sector, all contribute to the global autonomous cars market's growth. Additionally, the tech giants and automotive manufacturers are investing excessively in technology to accelerate the development of autonomous cars, which is driving the growth of the market.

Source: BlueWeave Consulting

GlobalAutonomous Vehicle Overview

An autonomous vehicle, also known as a driverless vehicle, is capable of running and performing necessary tasks without human intervention due to its ability to sense its environment. A fully automated driving system is used in an autonomous vehicle to enable it to adapt to external situations that a human driver generally deals with. A self-driving car is capable of sensing its surroundings and operating without the assistance of a human driver. It can go anywhere and everywhere like a conventional car and also does all the tasks that human drivers do. An autonomous vehicle depends on complex algorithms, ML (Machine Learning) system, sensors, cameras, and processors to execute software in the system.

GlobalAutonomous Vehicle Market Trends

Growth Drivers

Technological Advancements

The surging technological advancements aiming at offering enhanced features while reducing costs are a major factor that is expected to drive the autonomous cars’ demand during the forecast period. Advancements in security, driver assistance, convenience & comfort, electrical suspension, power train, instrumentation, braking, and safety are also projected to fuel the adoption of autonomous cars. For example, driver assistance technology offers adaptive headlights, passive cruise control, lane departure warning, night vision, blind-spot detection, and self-parking features, which are boosting the demand for autonomous vehicles around the world.

What’s more, advanced security features include remote keyless entry and passive car entry. Additionally, autonomous cars enhance comfort by integrating air conditioning, LED lighting, electric windows, rain-sensitive wipers,...

Global Functional Proteins Market Size- Industry Trends & Forecast Report 2027

The global functional proteins market is estimated to have reached USD 5.1 billion in 2020. The market is further projected to garner USD 7.2 billion by 2027, at a CAGR of 6.1% during 2021-2027 (forecast period).Increased demand for nutraceuticals are expected to remain a key driving force in the near future due to the rising consumer awareness towards maintaining a balanced diet and improving the nutritional value of the human body.

Source: BlueWeave Consulting

Functional ProteinsOverview

Functional proteins are a biologically active protein that promotes and helps maintains a healthy immune system besides regulating the function of body tissues and organs. Functional proteins are a diverse combination of proteins that are biologically involved to help and sustain normal immune function. Functional proteins carry out a function in the body, unlike structural proteins which produce structures (bones and muscles). However, the evidence indicates that proteins have important biological effects in the animal. In other words, functional proteins perform some biological function in the body. Proteins that have biological activity can be referred to as functional proteins.

Global Functional Proteins Market Forecast and Trends

Growth Drivers

Increasing Usage of Functional Proteins by Various End-User Industries

Due to the growing demand for food items with enhanced functionalities, functional proteins are used in various applications, such as dietary supplements, food, and beverages. During the forecast period, the ability of manufacturers of functional proteins to produce distinct protein isolates, protein concentrates, and other types of protein ingredients for various food items, such as dairy products, beverages, dietary supplements, infant formulas, bakery, and confectionery products is expected to drive the growth of the market for functional proteins in the forecast period.

Upgradation in the Functional Proteins Market

Protein ingredients in the food industry are commonly used for their health benefits and versatility in food formulations. Due to the mounting demand for plant-based products by customers, plant protein ingredients are currently widely used in the food industry. For instance, to replace meat, egg, milk, and other dairy products, vegetable proteins such as meat analogs, mung bean protein isolates, soy milk, almond milk, and vegan cheese are being used increasingly. This is one of the major driving for the functional proteins market.

Restraints

Regulations for animal Protein

The...

Global In-Vitro Diagnostics(IVD) Market- Industry Trends & Forecast Report 2027

Global In-Vitro Diagnostics(IVD) market reached USD 82.3 billion in 2020 and is further projected to reach USD 102.4 billion by 2027, growing at a CAGR of 3.2% during 2021-2027 (forecast period).  The growth of the global IVD market has been positively impacted by the growing demand for POC (Point-of-Care) IVD devices. The newly launched IVD instruments/devices are efficient and easy to use, which has increased their adoption among healthcare professionals. Also, the demand for some over-the-counter diagnostics devices such as glucose monitoring kits available in the market to minimize hospital visits is highly preferred by the elderly. Since individuals prefer easy diagnostics tests that can be done in-home healthcare settings, the demand for such items went up during the COVID-19 pandemic. These factors, combined with the rising prevalence of chronic diseases, such as cancer and diabetes, increasing awareness about disease diagnosis, and growing levels of disposable income are likely to drive the growth of the industry.

Source: BlueWeave Consulting

Global IVD Market Forecast and Trends

Growth Drivers

Growing Prevalence of Chronic and Infectious Diseases in Geriatric Population

The growth of the IVD market would be positively influenced by the growing geriatric population in developed as well as emerging regions. With the exponential growth of the geriatric population globally, it is predicted that the incidence of age-related diseases will increase significantly. The number of older people living in the US in 2019 was 54 million according to the OECD. Huge and increasing geriatric populations also exist in other developed economies around the world. For example, in Japan, followed by Germany, the ratio of the elderly population to the active population is the largest. Japan's total population is about 126 million, with older people accounting for more than 28% of the population.

The geriatric population in Germany accounts for about 21% of the population of the country. The risk of contracting diseases rises proportionately with age. For example, approximately 80% of the elderly population in the US suffers from one chronic illness, according to the Centers for Disease Control and Prevention. And by 2030, 60% of people aged 65 years or older are expected to be living with more than one chronic condition, according to American Medical Association. In the age group of 60 years and beyond, pneumonia is one...

Global Pharmaceutical Glass Packaging Market- Industry Trends & Forecast Report 2027

The global pharmaceutical glass packaging market reached USD 5.77 billion in 2020. The market is further expected to reach USD 7.51 billion by 2026 and is projected to grow at a CAGR of 4.4% during 2021-2026 (forecast period).The growing demand for glass packaging in pharmaceuticals can be attributed to the growth of the global pharmaceutical glass packaging market. The glass lining in glass packaging protects the contents of the package from being contaminated by the air outside the container, thus, enhancing the shelf life of the content/product.

Source: BlueWeave Consulting

Global Pharmaceutical Glass packaging market Overview

Be it any product or medicine, the packaging is an essential part of the business process. Glass packaging enhances the chemical resistance of the components present inside the products while abiding by child safety measures & other regulations as well. The recyclability rates of glass packaging exceed that of plastic packaging, making it a better alternative to plastic. Additionally, factors such as the growing population in developing countries, increasing prevalence of chronic illnesses, climate change initiatives, and growing levels of health expenditures are likely to drive the growth of the industry.

Growth Drivers

Growing population contributes to the growth of unknown chronic illnesses

The growth of the pharmaceutical glass packaging market is positively influenced by the growing population in developed as well as emerging regions. With the exponential growth rate of the population in the African and Asia-Pacific regions, it is estimated that the prevalence of chronic unknown diseases is increasing sharply. With an increase in population in developing countries like India & South Africa, wherein healthcare is still underfunded, the number of unknown diseases is increasing every year. The rise in unknown chronic diseases demands more expenditure in healthcare packaging, which in turn is contributing to the growth of pharmaceutical glass packaging in Africa. According to the UNFPA (United Nations Fund for Population Activities), Niger has the highest annual population growth rate in Africa (3.8%), followed by DRC (The Democratic Republic of the Congo) (3.2%). These regions are already confronting epidemics such as measles which have claimed more than 8000 lives in the last year.

Less reactivity with...

Global Surgical Gown Market size- Industry Trends & Forecast Report 2026

The global Surgical Gown market has reached USD 5.84 billion in 2019 and is further projected to reach USD 8.64 billion by 2026, growing at a CAGR of during the forecast period. The market is growing as the surgeries are rising globally owing to the increase in chronic diseases. Another key driver assisting the growth of the market is the rapid technological advancement in the healthcare sector. Surgical gowns are considered as the hygienic clothing worn by surgeons and others who are present in the operation theater during surgery. This helps in preventing bacteria and various pathogens from getting direct contact with the person who is operating. Transmission of bacteria is one of the key drivers for the spreading of disease, surgical gown helps in controlling it.

Source: BlueWeave Consulting

Global Surgical Gown Market Overview:

A surgical gown is a personal protective garment intended to be worn by the health care personnel during surgical procedures in the operation theater during surgery to protect both the patient and health care personnel from the transfer of microorganisms, body fluids, and particulate matter. Surgical gowns are essential as there are always microorganisms on the skin even after strict hygiene and conducting sterilization procedures. Surgical gowns protect healthcare staff from bodily fluids, blood, saline, urine, and other chemicals during a surgical procedure. The use of a surgical gown is necessary as a precaution against the spread of infection. Transmission of bacteria is one of the major factors for the spreading of disease, surgical gown helps in controlling it. 

Global Surgical Gown Market Forecast and Trends

Growth Drivers 

Continuous innovation by surgical gown manufacturers

Continuous innovation by surgical gown manufacturers and lucrative marketing is also expected to boost revenue growth of the global surgical gowns market. The market for surgical gowns has been an established market for a long time but there are several innovations in technology for increasing the efficiency of surgical gowns so that the gowns can provide better protection to patients as well as surgeons. Various options of surgical gowns are available in the market to...

Global Healthcare IT Market- Industry Trends & Forecast Report 2026

The global healthcare IT market was at USD 66.23 Billion in 2019 and is projected to reach USD 125.23 with a CAGR of 10.7 % by 2026. The growth of the market is heavily credited to the increasing concern of several nations in respect of public healthcare, record-keeping, data maintenance, and storage of patient data. The rising demand for tech-enabled healthcare solutions and communication devices among healthcare providers, patients, and their attendants are going to be a significant growth factor for the relevant market in the forecast period.

Source: BlueWeave Consulting

Global Healthcare IT Market Overview

Health information technology (HIT) refers to the area of healthcare that deals with the IT systems that healthcare professionals utilize for handling patient data. In simple words, it refers to the computerized systems used by healthcare providers, patients, or their attendants for storing, sharing, and interpreting health information. Information technologies play a crucial role in communications. Healthcare Information Technology standards, patient privacy rights, and well-being call for a reliable, stable, and secure network that is simple to use. At the same time, it should be but opaque enough and well-protected from unauthorized users, hackers, and the like.

Global Healthcare IT Market Forecast and Trends

Growth Drivers

Increasing prevalence of chronic diseases

Chronic diseases such as heart ailments, cancer, and diabetes are rising worldwide owing to an increase in the elderly population, changes in lifestyle, deteriorating environmental factors, and pollution. Such chronic conditions call for long-term medical attention. Moreover, a majority of chronic diseases are also potentially debilitating. In response to these growing concerns, some health care organizations are instituting chronic disease management (CDM) with the help of healthcare IT. These programs will help reduce the incidences of preventable hospitalizations and also prevent adverse events by managing the health of patients with chronic conditions more effectively and comprehensively. Many organizations are implementing health information technology (health IT) to facilitate their chronic disease management programs. This would drive the market growth in the forecast timeframe.

Artificial intelligence to integrate with Healthcare

With time, the demand for performing tasks promptly and effectively, while...

Global Flying Cars Market Size – Industry Trends & Forecast Report 2040

During 2021-2040 (forecast period), the global flying cars market is expected to experience rapid growth., The growing urban population, the rise in disposable income and the emphasis on flying vehicles for transport purposes are expected to drive market growth in the region. In addition, due to the large workforce and existing industries in the region, China dominates the market for flying cars. Other factors that enable market growth include changing lifestyles, growing urban development, increasing competition between service providers for flying cars and solutions, increasing concern about driver & vehicle safety, increasing support from different countries' governments, increasing urban population, and increasing demand for environmentally-friendly vehicles.

Source : Blueweave Consulting

Global Flying Cars Market Forecast and Trends

Growth Drivers

Rising Traffic Congestion

The most common ground transport systems, i.e. road/train transport, are affected by track and road constraints, resulting in poor flexibility and congestion, especially in urban areas. Because of its low transport costs, waterborne transport, like maritime and river transport, is primarily used predominantly for long-distance freight transport but is not suitable for most urban environments. HAS (High Altitude Spaces) transportation systems, i.e. air transport, are often commonly reserved for the delivery of long-distance human/goods, but at a substantially higher cost, and thus therefore impractical for urban applications. Therefore, for urban scenarios, only underground, ground level, and near-ground space (NGS) transport solutions are suitable.

Increasing Investments by Flying Car Companies

Global Digital Twin Technology Market- Industry Trends & Forecast Report 2027

The global digital twin technology market is  expected to grow at a CAGR of 57.2 % and touched USD 2.86 Billion in 2020. The market is expected to reach USD 53.61 Billion by 2027. Growth in demand for digital twin technology will multiply over the forecast period owing to the growing requirements for remote monitoring of water turbines present in deep seas for energy production, for oil & gas pipeline fixtures, and their proper functioning. Digital Twin Technology is ideal for efficient disaster management, It reduces the probability of accidents and other calamities, besides eliminating human errors. It also provides real-time data for offshore wind turbines, fatigue performance, product testing, and much more.

Source: BlueWeave Consulting

Global Digital Twin Technology Market Overview

A digital twin is the virtual representation of a physical asset or a system or process that is developed using technologies such as Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), and the Internet of Things (IoT). It is used for determining and optimizing product performance via real-time analytics and observations. It could also be defined as the concept which represents the combination of the physical and the virtual world, where the digital representation of a given industrial product is analyzed. A digital twin leverages real-world data for creating simulations of a specific product or process. The product is observed from the initial design phase to the final deployment phase, which helps in assessing its performance in the future. The information gathered via digital twin technology helps businesses come up with innovations, besides creating value.

Digital Twin Technology Market Forecast and Trends

Growth Drivers

Integration of Manufacturing with Technology

The latest version of digital twin technology deals not only with the virtual representation of the asset but also stores and helps with accessing certain product-related data using technologies such as RFID codes and CAD (Computer-aided design) 3D models....