Food Processing Equipment Market Trends, SWOT Analysis, Business Overview and Forecast by 2027

Transparency Market Research delivers key insights on the global food processing equipment market. In terms of revenue, the global food processing equipment market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global food processing equipment market report.

In the report, TMR predicts that the global food processing equipment market would be largely driven by factors such as increasing consumption of processed food, urbanization, and rising disposable income of consumers across the globe. This is influencing processors to opt for bulk food handling equipment to meet the requirements of consumers across the globe.

In the food processing equipment market report, the equipment type segment includes size reduction equipment, size enlargement equipment, homogenizers & blenders, cooling & heating system, cleaning system, fermenter, sorters & graders, and others. Based on equipment, the food processing equipment market is anticipated to be dominated by the cleaning system segment at a significant growth rate during the forecasted timeline. Cooling & heating system, size reduction equipment, and homogenizers & blenders segments are also prominent in various countries across the globe for food processing due to ease of use and overall satisfactory results. These are the factors expected to influence the growth of the food processing equipment market during the forecast period.

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In terms of operation, the semi-automatic segment is a major player across the globe. It is expected to remain dominant with a huge share owing to increase in preference for food processing due to its cost-effective benefits. The automatic segment is also a potential operation segment in the food processing equipment market. Rapid growth in the number of small and medium scale food processing industries is expected to propel the growth of the food processing equipment market in the future.

The food processing equipment market is widely fragmented. Large number of small, medium, and large companies operate in the market at the global and domestic level. Companies are focusing on offering innovative solutions to increase their market reach.

Food Processing Equipment Market: Prominent Regions

Asia Pacific holds major share of the food processing equipment market, due to rapid growth in food production and penetration of multinational processing players in emerging countries such as India, China, Philippines, and various other Asian countries. This factor is expected to expand the growth of the food processing equipment market in Asia Pacific at a rapid pace as compared to other regions in the future.

Demand for food processing equipment in Europe and North America is estimated to increase at a significant pace in the near future due to increase in the consumption of processed food and presence of prominent regional players of the food processing sector. The U.K., Germany, France, Russia, the U.S., and Canada are anticipated to be prominent markets for food processing equipment during the forecast period.

The market in South America and Middle East & Africa is anticipated to grow at a rapid rate in the near future. GCC, South Africa, Brazil, and Argentina are anticipated to be the potential markets in the coming years for food processing equipment.

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Major promising players are likely to focus on expansion of business by indulging in strategic alliances, and merger and collaborations to strengthen their footprints in the global food processing equipment market. Companies are engaging in expanding their business through supply of equipment by several online distribution channels. Companies are focusing on offering advanced robotic technology and cost effective innovative solutions to the processors to increase profitability for sustainable growth of businesses.

Food Processing Equipment Market: Key Players

Key players operating in the global food processing equipment market are GEA Group AG, Buhler AG, Tetra Laval International S.A., Alfa Laval AB, Krones AG, Dover Corporation, and Middleby Corporation.

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Functional Apparel Market Growth, and Forecasts 2027 | COVID19 Impact Analysis

The global functional apparel market is anticipated to clock an impressive 13.5% CAGR during the forecast period between 2019 and 2027. At this pace, the market will be valued at US$ 892.4 bn by the end of 2027. 

Major brands such as NIKE, Puma, Adidas, and Mizuno offer application-specific footwear and apparels. Functional apparels can be classified based on type of sport and application. Based on type of sport, they are classified into running shoes, volleyball shoes, etc. Functional apparels with advanced technology are commonly made of microfiber or polyester fabric that absorbs sweat from the body onto the fabric surface, where it evaporates. As a result, these apparels keep athletes dry and comfortable.

Similarly, all types of functional clothing are designed to provide heating and cooling effects as required. In case of cold weather, the apparel retains energy and resists heat loss. Functional socks feature anti-blister system, active odor control, and durability. They stay dry and comfortable for a long time. Increasing awareness regarding beneficial features of these functional apparels and footwear is drawing customers’ attention toward them instead of conventional clothing and footwear.

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With the presence of a large number of players that offer application-specific products, the global functional apparel market is fragmented, states Transparency Market Research in a new report. Players in the market are investing substantially in innovative technology to introduce novel products that offer flexibility, durability, and comfort. Research and development to introduce eco-friendly fabric to serve the demand for eco-friendly performance clothing is also the focus of players in the functional apparel market. Such initiatives will help market players expand their brand into new categories.

In terms of type, the functional apparel market is divided into sportswear, outdoor apparel, footwear, socks, and innerwear. Among them, the footwear segment is anticipated to display faster growth rate over the forecast period. In terms of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is one of the key region of functional apparel market. As individuals are adopting physical activity and fitness regimes, the demand for sportswear apparel and footwear with sweat-free, antimicrobial, and anti-odor features is anticipated to be on the rise in the region.

Demand Of Scientific Principles for Product Manufacture

Growing prevalence of skin allergies and foot allergies is driving the demand for sweat absorption and anti-bacterial features in functional apparel. The adoption of scientific principles in the manufacture of functional apparels offer protection from heat, radiation, extreme cold, and chemicals. These attributes help functional apparel find special potential among technology-savvy users. Highly engineered athletic footwear helps in improving athletic performance and helps reduce injuries.

High Investment in Research & Development

Fabrics are made hi-tech by using chemicals and other methods, which are not eco-friendly. However, at present, consumers have become highly conscious about the environment. They demand eco-friendly performance clothing. In such a scenario, players operating in the functional apparel market have started research and development activities to introduce innovative performance apparels that are natural too. Some of the apparel manufacturers have started utilizing the potential of natural fibers such as bamboo-, soy-, and corn-based fibers for the same purpose.

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Manufacturers are experimenting with organic and recycled fabrics and several of them have come up with green functional apparels made of organic and recycled fabrics. Recycled polyester is mostly used for this purpose. Conversely, a combination of recycled polyester and organic cotton is used for producing eco-friendly performance apparels. These fabrics can perform well even in highly demanding conditions such as extremely hot and humid climate and extremely cold climate.

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COVID-19 Update: Eyewear Market Competitive Strategies, Regional Analysis Forecast 2027

As per the recent TMR report, the global eyewear market was valued at US$ 155,652.3 Mn in 2018 and is forecasted to expand at a CAGR of 8.30 % from 2019 to 2027.It is estimated to reach a value of US$ 319,015.5 Mn by 2027.

In terms of geography, the global eyewear market is segmented into five major regions namely North America, Asia Pacific, Europe, South America and the Middle East and Africa. North America currently holds the lead in the global eyewear market. In the near future as well the regional market is anticipated to rise at steady pace. This due to rising disposable income of people in the region. On the basis of segments online segment to report a higher CAGR during the course of the forecast period.  

Change In Fashion Trends To Boost The Growth of Global Eyewear Market 

Ongoing fashion trends of wearing designer eyewear has emerged as one unconventional drivers of the global eyewear market. The trend is mainly because of the changing lifestyle of the consumers owing to the rising disposable income of the consumers. The growing inclination of the consumers of towards branded eyewear products will pave way for the market to capitalize on lucrative prospect.  Siting the trend, the key players of the global market trying to lure the customer with designer and cost effective product launches. While, majority of the companies adopting product branding approach to seek customer attention. 

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Increased Trend In Usage Of Contact Lenses And Sunglasses Will Create New Market Avenue

Contact lenses and sunglasses are the most comfortable daily wear which is expected to trend upward. Easy availability of the contact lenses at reasonable price is accelerating the market growth across the global level.

Increasing Investment By Eyewear Manufacturing Process Will Lead To Technical Advancements And Transition

Owing to the strong presence of multiple prominent eye wear players such as Magrabi, Signature, Fielmann, Luxottica, Safilo. Zeiss International and Essilor International, the degree of competition in the global eyewear market is high. All the players are continuously investing in current market to enhance their market presence. Luxottica and Essilor International agreed upon the investment of US$ 49 Bn merger to build a global eyewear powerhouse with annual revenue of more than US$ 16.5 bn to collaborate on eyewear business with Marcolin.

High level of fragmentation on account of presence of plethora of companies is expected to shape the competitive contours of the global eyewear market, finds Transparency Market Research (TMR). Some of the predominant players present in the global eyewear marker are Bausch & Lomb Inc., Essilor International, Luxottica Group S.p.A., Zeiss International, Marchon Eyewear and Johnson & Johnson Vision Care. Major players in the market are focusing on product innovation and acquisitions along with partnerships to expand their business.  

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Eyewear Market (Product Type - Spectacles (Spectacle Lenses and Spectacle Frames), Contact Lenses (Soft Contact Lenses and Rigid Contact Lenses), and Sunglasses (Polarized Sunglasses and Non-Polarized Sunglasses); Distribution Channel - Online Channel and Offline Channel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027”.

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Temporary Tattoo Market (impact of COVID-19) with Top Players

• Tattoos have been a form of human expression for centuries. However, the trend of getting inked began since the last decade. Temporary tattoo is a type of tattoo which remains on the skin for limited span of time. This non-permanent nature of the tattoo has increased its popularity in recent times.
• Temporary tattoos can be airbrushed, painted, or drawn on the skin. Temporary tattoo is used for identification, advertising, expression, awareness etc. Temporary tattoos are available in different sizes and colors. It is used in various activities such as sports event, music events, and for social causes.
• Rise in technology, urbanization, social media marketing, and disposable income is expected to lead to the growth of the temporary tattoo market during the forecast period.

Key Drivers and Restraints of the Global Temporary Tattoo Market

• The first promotion of temporary tattoo was by inserting it in bubble gum wrapper. The leak and peel tattoo became famous in the late 90s around the world. The rise in demand to create a glamorous illusion on the skin is expected to fuel the demand for temporary tattoo during the forecast period.
• Marketing and advertising agencies adopt different techniques to promote their brands. Customized brand tattoo sticker is a good form of advertising. Tattoos are handed out to customers at events or social gatherings. Customized tattoos are also made for kids to promote kids brands. Kids demand temporary tattoo of a particular character or superhero.
• The market for tattoos is growing extensively and the correct concept and tattoo idea will create new opportunities. Temporary tattoos are cheaper than permanent tattoos. A lot of thinking goes into getting a tattoo for many people but for the other half it is an impulsive decision which may be regretted. The advantage of a temporary tattoo is its ease of removal. Water and soap removes the tattoo instantly, though some tattoos do remain for a few days or a week.

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Temporary tattoos which are available today are made of good quality ink and glue which lasts for a longer duration. Emoji tattoos are fairly famous and can be given to students or young kids in the form of a gift. Henna tattoo is a part of tradition in some countries such as India and Pakistan. Black henna temporary tattoos are popular in amusement parks, fairs, and markets in Canada.

• Many people get skin allergy including pigmentation loss and scars by applying temporary tattoo; this is likely to hamper the market.
• Advances in printing technology are likely to improve tattoo manufacturing processes. Continuous advancement in printing technology for the development of decal-based tattoo is also contributing to the growth of this market.

Asia Pacific to Lead the Global Temporary Tattoo Market

• Geographically, the global temporary tattoo market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
• Global players are focusing on improving the quality of ink, paper, and concept. Companies are expanding and focusing on developing new tattoo technologies, strengthening of brands, and increasing their customer base through strategic hires.
• Companies are also trying to give the look and feel of permanent tattoos to customers. Major companies hire tattoo artists, graphic designers, and fine artists to create temporary tattoos.

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Climbing Gym Market Overview, Growth Factors 2019-2027

• A climbing gym is an artificially constructed wall with grips for hands and feet for climbing.  Climbing is getting popular and becoming more of a mainstream activity rather than a niche sport. Unlike regular gyms, climbing gyms help in burning calories (anywhere between 500 to 900 calories per hour). It also helps in building strength, power, and brings aerobic and anaerobic fitness levels to new heights.

Key Drivers of the Global Climbing Gym Market

• Rising popularity of outdoor sports and outdoor recreational activities worldwide is anticipated to proliferate the demand for climbing gyms. The concept of gym climbing is experiencing exponential growth in the last couple of years, especially in North America and Europe. According to Physical Activity Council and PHIT America, on an average, approximately 4.6 million Americans participate in either sport climbing, bouldering, or indoor climbing. As per data from the Climbing Business Journal, since 2015, the U.S. indoor climbing industry has grown at roughly 10% on a y-o-y basis. A similar scenario is seen in European countries. According to Association of British Climbing Walls, over 100,000 individuals participated in climbing walls in 2017 and the number is growing at an average of 15%-20% annually. 
• Additionally, rising awareness about fitness and leading a healthy lifestyle owing to higher prevalence of obesity, diabetes, and various other health issues is attracting various demographics toward regular workouts. This is anticipated to boost the climbing gym market.

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Inclusion toward gym climbing in international sports to provide growth opportunities

• Inclusion of sports climbing (bouldering, lead climbing, and speed climbing) in the Tokyo Olympics, 2020 is anticipated to create attractive opportunities for the growth of gym climbing in many Asian countries. Currently, Japan and China have considerable number of participants in one or more climbing activities. Inclusion of this sport is expected to help in popularizing the sport in many other Asian countries.

Lack of awareness coupled with high initial investment to hamper the growth of the gym climbing market

• Despite exponential growth in many North American and European countries, climbing gyms still lack a presence in many countries in Asia and Middle East & Africa. The main reason for slow growth in developing regions is high initial investment associated with climbing gym set ups. Climbing walls along with the equipment used such as high tensile ropes and lanyards are expensive. This leads to premium pricing. Developing regions being mostly price sensitive thus have low market attraction for climbing gyms, hampering the growth of the gym climbing market. Additionally, lack of awareness about proper usage of such expensive equipment and risk of accidents and injuries associated with climbing activities also hampers the growth of the climbing gym market.

North America and Europe still offer growth potential for the global climbing gym market

• Geographically, the global climbing gym market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• The U.S. commands a major chunk of the North American gym climbing market. Some of the prominent manufacturers of gym climbing are from the U.S. The U.K., Germany, and France are some of the prominent countries that have a substantial market for gym climbing in Europe.
• Developing regions such as Asia Pacific are anticipated to show promising growth in the gym climbing market in the upcoming years. China and other Southeast Asian countries are anticipated to drive the demand for gym climbing.

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Key Players Operating in the Global Market

The global climbing gym market is moderately consolidated with presence of few players competing at the global level. Most of the players are concentrated in North America and Europe owing to huge popularity of the sport. 

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Food Container Market Analysis and Industry Forecast till 2024

The emergence of packaged food as one of the most lucrative segments of the global food and beverage industry in the past few years has fueled large-scale developments across the market for food containers. The continuously widening array of available product varieties in the market and their broadening scope of applications are presenting significant growth opportunities to companies operating in the field of food packaging. 

This report on the global food containers market presents a thorough overview of the present state of the market and forecasts the future growth prospects of the market and its key segments over the period between 2016 and 2024. The report also includes rich qualitative and quantitative data pertaining to historical facts and values of market and its segments. The report includes a detailed analysis of factors such as growth drivers, threats, popular trends, and opportunities in the market, presenting before the reader a holistic picture of the aspects expected to have the most profound influence on the development of the market in future years. 

The global food containers market research report segments the market on the basis of criteria such as product type, application, and geography. The report provides details such as growth opportunities, growth challenges, and promising regional markets for each of the segments and sub-segments discussed in the report. The report also allows the reader to gain a deeper insight into the vendor and competitive landscape of the market with the help of detailed business profiles of some of the key vendors operating in the market. The exhaustive data in the report is expected to help the reader gain a clear idea about the growth potential in new and emerging regional markets or segments in the near future. 

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This market has been witnessing a considerable amount of innovation given consumers’ changing preferences and the effect of government regulations pertaining packaging materials such as plastics. 

Global Food Container Market: Drivers and Restraints

The global market for food containers is expected to be chiefly driven due to the significant rise in food output globally. The increasingly sophisticated consumer today is demanding convenient packaging that is easy to carry, store, and allows ready consumption of food. Hence, it has become highly important for food container manufacturers to keep pace with these changing consumer preferences. 

The rising number of women in workforces, increased number of families consuming packaged foods, and a vast surge in double-income families are also key to the healthy growth prospects of the global market for food containers. Other crucial factors expected to drive the market for food containers include the rising population across urban settings and the increasing number of single-person households. 

Global Food Container Market: Segmentation

The report segments the market in terms of product into food container varieties such as paperboard food containers, bags and pouches, plastic food containers, metal food containers, glass food containers, and raw materials food containers. Of these, bags and pouches are expected to witness high demand from consumers owing to benefits such as visual appeal, ease of portability, convenience, and freshness protection. Ease of product differentiation and excellent branding opportunities make bags and pouches amongst food companies as well. These factors are expected to compel food container companies to focus more on this segment in the next few years. 

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The segment of paperboard food containers is expected to witness a slowdown in global demand as applications mature and novel packaging options such as flexible packaging gain an edge. In terms of application, the segment of frozen desserts and ice creams is expected to exhibit a slightly different dynamics, with paperboard tubs and folding cartons retaining their positions as most preferred containers. 

Companies Mentioned in the Report

The global food container market features a highly fragmented vendors landscape and intense competition in terms of product variety and cost. Some of the notable vendors in the market are Alcan Packaging Food Americas, Caraustar Industries Incorporated, Anchor Glass Container Corporation, Constar International Incorporated, Plastipak Holdings Incorporated, Evergreen Packaging, Ring Companies, PWP Industries, Rio Tinto Group, Sonoco Products Company, and Printpack Incorporated.

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Athletic Footwear Market 2020 SWOT Analysis By Top Players

The athletic footwear market report is a detailed study of trends, growth indicators, and economic forecast during 2018-2028. The report promises to provide key insights into the falling ratings for sports broadcasts. Currently, the falling ratings for all sports including NBA, MLB, and NFL is a major challenge worrying investors. According to sports illustrated, there is a 9.7% drop in overall NFL rating during the 2017-2018 season.

Moreover, there was an 8% fall in the NFL rating in 2015-2016. This pattern is consistent over all major networks including ESPN, MLB, and Fox. This is an important trend to watch out for in the athletic footwear market. The dynamic shifts in viewing patterns of of the audience is expected to bring about a sea of change in loyalties, branding, marketing and distribution channels in the athletic footwear market.

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Global Athletic Footwear Market: Notable Developments

K-Swiss, a major brand for athletic footwear designed new sneakers especially for esports players in 2019. According to a new report by Goldman Sachs, the esports market will be worth $2.7 billion by 2022. Moreover, the move by K-Swiss is in line with other major brands including Adidas and Nike which also signed sponsorship deals with e-sports in 2019.

While speaking in an interview, former vice president of digital and brand strategy at phoenix Suns said, the rising usage of tablet and smartphone has led to increased consumption of online channels on Youtube as well as Netflix. On the other hand, the Brian Hughes, senior vice president MAGNA Global USA said, there is an increased interest in quick highlights, stats, and updates.

Athletic Footwear Market: Drivers and Restraints

More consumer are engaging in cord cutting, cord shaving, and responsible for the falling ratings. This may be a worrying trend but it is a sign telling investors to adapt more to the digital medium. The interactive and vibrant interaction of digital medium needs to be analysed further in order to find more suitable and lucrative branding and marketing opportunities.

Many analysts believed the reason for the sudden drop in ratings has a lot to do with generational change. They believed millennial aren’t keen on watching sports as much as their previous generation. However, new studies have debunked this theory. The number of millennial watching NFL on TV actually increased from 65% to 67% in 2016-2017 season. So, the challenge here is not essential generational, or lack of interest. However, it’s about fighting short attention spans.

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Global Athletic Footwear Market: Geographical Analysis

The global athletic footwear market report will cover key regions of the globe which display huge diversity in their viewership trends towards sports. On one hand, North America and Europe are witnessing huge stride towards e-sports. On the other hand, countries like China are witnessing major uptake of new sporting viewership including MLB and NBA. The e-sports market will likely remain dominant in the near future as rising urbanization globally, congested space, and busy lifestyle are moving city dwellers away from conventional sports.

Additionally, the e-sports in the virtual world provide a far more interactive, community-based, and passionate fan following. The growing demand for athletic footwear in conventional sports is likely to remain high, thanks to expanding outreach to new regions, growth in interest for shorter formats of the game, and rising disposable income in developing countries. However, the digital arena leaves large scope for investigation as new players, new regions, and dynamic shifts in advertising, marketing, and distribution promise to create new opportunities for growth.

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