Latest Market Research Reports

According to the latest report by IMARC Group, The global   tomato ketchup market   reached US$ 19.70 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.70% by 2026. Ketchup is a pureed condiment made from red tomatoes. Other key ingredients include vinegar, sugar, salt, garlic, corn syrup, additives, and varied spices. Ketchup is widely utilized as a base sauce in numerous dishes and as a dip withfast-food items,such as Frenchfries, sandwiches, grilled meat and burgers. The global tomato ketchup market is primarily being driven by the significant growth in the food and beverage (F&B) industry. Additionally, the rising demandfor ready-to-eat and convenient food items is further augmenting the market growth. This can be attributed to the widespread popularity of tomato ketchup as a preferred dip with various food items. Furthermore, manufacturers are introducing organic and pesticide-free product variants to meet the demand of risin...

The global   portable oxygen concentrators market   is expected to grow at a CAGR of around 9% during the forecast period (2021-2026)., according to the latest report by IMARC Group. Portable oxygen concentrators(POCs)are medical devices that separate nitrogen and oxygen from the air and provide pure oxygen to the patient. They come with both a DC adapter to plug into an automobile, boat or motor home and an AC adapter for use in any household outlet. Nowadays, portable oxygen concentrators are available in a variety of sizes, shapes and colors. The portable oxygen concentrators market is primarily driven by the rising prevalence of respiratory diseases, such as chronic obstructive pulmonary disease (COPD), asthma and respiratory distress syndrome. Besides this, several technological advancements have prompted manufacturers to introduce compact concentrators with improved design and mobility. Moreover, with the outbreak of coronavirus disease (COVID-19), there has been a signi...

According to the latest report by IMARC Group, The global   cryogenic equipment market   exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026). Cryogenic equipment refers to devices that are used to generate, sustain and operate at extremely low temperatures.It comprises cryogenic storage racks, refrigerators, boxes, cold traps, pressure vessels, piping, purifiers, temperature controllers, tanks and accessories. It is used for freezing, cooling, and metal processing and biomedical purposes. Along with this, it also assists in protecting the users from accidental contact with hazardous materials. The burgeoning aerospace and aviation industries represent one of the primary factors propelling the global cryogenic equipment market growth. Cryogenic fluids are widely used for cooling jet engines and in-flight components. Apart from this, the increasing utilization of cryogenic ...

According to the latest report by IMARC Group, titled, “ Car Rack  Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ″, the market is expected to grow at a CAGR of around 6% during the forecast period (2021-2026). A car rack is an automotive metal frame attached on top of a vehicle for carrying luggage and other bulky items. It consists of crossbars, towers, gear mounts, and fitting pieces that are evenly spaced to support the weight of the luggage. Car racks are manufactured using lightweight materials, such as steel, aluminum alloys, and composite plastic. Their utilization allows easy transportation of items, increases luggage capacity, and provides comfort to passengers without compromising the interior space. There are different types of car racks commercially available, which include bare roof, rain gutter, side rails, factory bars, and fixed point. The growth of the global car rack market is primarily being driven by the rising expenditu...

According to the latest report by IMARC Group, titled, “ Health Insurance Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025″, the global health insurance market grew at a CAGR of around 7% during 2021-2026. Health insurance refers to a type of insurance that periodically charges a predefined amount from the individual and pays for medical and surgical expenses incurred by the policyholder in case of a medical emergency. A health insurance plan usually covers services such as diagnosis and treatment for chronic ailments, psychiatric care, emergency evacuation, in-patient and out-patient treatment, maternity, dental care, etc. Nowadays, several health insurance companies offer health coverage, wherein medical supervision is provided at home for specific ailments. Market Trends The rising costs of healthcare services, along with the increasing prevalence of cancer, stroke, kidney failure, etc., are primarily driving the demand for health insurance po...

According to the latest report by IMARC Group, titled, “ Engineering Services Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025 “, the global   engineering services outsourcing market   grew at a CAGR of around 20% during 2014-2019. Engineering services outsourcing (ESO) refers to the process of hiring non-physical engineering functions from an external source. It is needed from the initial stages of the product design and development process and utilizes several information-technology (IT)-based databases and tools. It finds extensive application in the network and communications, industrial automation, remote device monitoring, and supply chain and product cycle management worldwide. Market Trends The rising prevalence of industrial automation, coupled with the increasing adoption of integrated solutions for designing and analyzing engineering systems, represents one of the significant factors bolstering the growth of the eng...

  According to the latest report by IMARC Group, titled, “BOPP Films Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025″, the global   BOPP films market   grew at a CAGR of around 6% during 2014-2019. Looking forward, the market expects to continue its moderate growth during the next five years. Biaxially oriented polypropylene (BOPP) films refer to films stretched in both transverse and machine directions, which generates a bidirectional molecular chain orientation. These films offer an excellent look and finish through optimum gloss and high transparency. BOPP films are considered ideal for food packaging on account of their homogeneous structure, shelf appeal, high clarity, moisture barrier properties, graphic reproduction and sealability. As compared to other plastic films, BOPP films are a better solution due to their lower carbon footprint. The global BOPP films market is being driven by the requirement for efficient pharmaceutic...

  According to the latest report by IMARC Group, titled, “ Aquaculture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 “, the global   aquaculture market   reached a value of around US$ 156.6 Billion in 2020. Aquaculture or aqua-farming refers to the cultivation of fishes, mollusks, crustaceans and other aquatic species in a controlled environment. It involves rearing, breeding, and harvesting of aquatic organisms in diverse types of water environments, including freshwater, marine water, and brackish water. The expanding aquaculture sector is primarily driven by the growing consumption of fishes, shrimps, lobsters, crabs, mollusks, etc., across the globe. These aquatic food products experience a high demand based on numerous associated health benefits, such as the reduced risk of cardiovascular diseases, enhanced metabolism, improved digestion, proper bone development, etc. Market Trends Numerous aquaculture practices are adopted f...

  According to the latest report by IMARC Group, The global   sodium sulfur battery market   exhibited strong growth during 2015-2020. Looking forward, the market to grow at a CAGR of around 15% during the forecast period (2021-2026). Sodium Sulfur (NaS) battery is a high-temperature battery produced from liquid sodium and molten sulfur. These batteries consist of various subsystems, including interconnected cells, modules, control system, power conversion system (PCS), thermal management system, and an enclosure to maintain the temperature. NaS batteries offer high charge and discharge efficiency, high energy density, and a longlife-cycle on account of which they are used for stationary energy storage, such as transmission and distribution (T&D) networks and load leveling. The increasing demand for cost-effective solutions to store large amounts of energy for large-scale deployments is one of the key factors fueling the globalNaS battery market. Additionally, these b...