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The gaming market is fragmented by major companies that are
focusing on maintaining their presence. They are doing so by proactively
investing in R&D activities to develop engaging online video games.
Additionally, other key players are adopting organic and inorganic strategies
to maintain a stronghold that will contribute to the growth of the market
during the forecast period. The global gaming market size is expected to gain momentum by
reaching USD 545.98 billion by 2028 while exhibiting a CAGR of 13.20% between
2021 and 2028. In its report titled "Gaming Market Size,
Share & COVID-19 Impact Analysis, By Game Type (Shooter, Action, Sports,
Role-Playing, and Others), By Device Type (PC/MMO, Tablet, Mobile Phone, and
TV/Console), By End-User (Male and Female), and Regional Forecast,
2021-2028", Fortune Business Insights mentions that the
market stood at USD 203.12 billion in 2020.
Online video games have become more prevalent in recent years.
Most people find online games attractive and a modest way to find free time
from their hectic schedules. Moreover, during the pandemic, the inclination
toward gaming increased dramatically. Many companies such as Nintendo and
Tencent witnessed an increase in their sales during the first quarter. The
former showcased a profit of 41%, as it sold many of its games digitally. The
demand for online games will be persistent in upcoming years, and this market is
anticipated to boom during the forecast period.
List of the Companies Profiled in the Global Gaming Market:
What does the Report Provide?
The market report for gaming provides a detailed analysis of
several factors, such as the key drivers and restraints that will impact
growth. Additionally, the report provides insights into the regional analysis
that covers different regions, contributing to the growth of the market. It
includes the competitive landscape that involves the leading companies and the
adoption of strategies by them to introduce new products, announce
partnerships, and collaborate that will further contribute to the market
growth.
Moreover, the research analyst has adopted several research methodologies such
as PORTER's Five Point Analysis and PESTEL to obtain information about the
current trends and industry developments that will drive the market growth in
the forthcoming years.
Driving Factor:
Rising Youth Employment to Spur Demand for Video Games
The rising millennial youth population is expected to drive the
gaming market growth. For instance, a report from the American Association of
Advertising Agencies.Org, published in February 2019, mentioned that the
generation z population plays games daily. Their number is higher than that of
millennials by 84%. Moreover, rising disposable income is resulting in a
higher consumption rate of video games. For instance, the data released by the
World Bank.Org, states that the global youth unemployment in 2018 is 15.19%
which is a decline from 15.37 % from its prior year.
Market Segmentation:
Based on game type, the market is divided into shooter, action,
sports, role-playing, and others.
Based on game type, the shooter segment held a gaming market share
of about 23.35% in 2020. The segment is expected to experience considerable
growth since it provides 3D realistic graphics. It makes players experience a
whole new experience of the virtual world. This fascinating atmosphere provided
by battle games is driving the segment market.
By device, it is segmented into PC/MMO, tablet, mobile phone,
TV/console. On the basis of end-user, it is bifurcated into male and female.
Finally, the market is categorized into North America, Europe, Asia Pacific,
South America, and the Middle East & Africa based on region.
Regional Insights
Asia Pacific to Remain at Forefront Backed by Rising Urban
Population
Asia Pacific – The region is expected to
hold the highest position in the market during the forecast period. This is
ascribable to the rapid growth in the urban population. The rising awareness
about trending video games is helping the market to thrive in the region.
The report from World Bank.Org data suggests that in 2019 the urban population
of the East Asia Pacific was 59.887 % which rose from 59.053 % from the
previous year. The regional market stood at USD 86.96 billion in 2020.
North America – The rising number of
children with their smart devices is surging the market. For instance, the data
released by the National Public Radio.Org in October 2019 stated that more than
half of the children in America possess their smartphones.
Key Industry Development
November 2020: Microsoft launched the
next-generation Xbox video game console. The cheaper counterpart Series S will
also be launched with the flagship console.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/gaming-market-105730
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The
global potato starch market size is projected to reach USD
672.68 million by 2027, exhibiting a CAGR of 3.9% during the forecast period. Development
of clean-label starch products by food companies is expected to prove
beneficial for this market, shares Fortune Business Insights™ in its report,
titled “Potato Starch Market Size, Share & COVID-19 Impact
Analysis, By Nature (Organic & Conventional) End-use (Textile & Paper,
Food & Beverages, and Pharmaceuticals), Type (Native and Modified), and
Regional Forecast, 2020-2027”. Clean-label food products are those
that are free of any chemical modifications or alterations and are made from
natural ingredients. Starch is a carbohydrate that is generally synthesized
chemically, but consumers are now demanding clean-label, or naturally-derived,
starches and other ingredients that are used in foods and drinks. As a result,
many companies are now developing innovative starch concoctions made from
organic sources. For instance, Tate & Lyle developed the CLARIA® Functional
Clean-Label Starches, its new product line of non-Genetically Modified Organism
(GMO) starch offerings, designed to meet several preparation requirements in
the food industry. Cargill, too, came up with its SimPure line of native
starches developed specifically for convenience foods.
The
COVID-19 pandemic has created unparalleled turmoil, uncertainty, anxiety, and
apprehensions in the global economy. Governments are pulling all stops to wade
their countries out of this crisis, while the private sector is exploring
alternatives to survive these hard times. At Fortune Business Insights™, we are
taking constant efforts to provide you with comprehensive market intelligence
and aid your business to emerge successfully from this crisis. We are offering
precise market reports based on our expertise and experience in the field of
market research.
The
report states that the global market value in 2019 stood at USD 500.07 million
and provides the following information:
Market
Driver
Digestive
Benefits of Potato Starch to Stoke Adoption
A
leading factor fueling this market growth is the numerous benefits that
resistant starch derived from potatoes has on the body’s digestive system.
According to the National Institutes of Health (NIH), resistance starch helps
in strengthening the colon by reducing inflammation in the area and potentially
lowering the risk of colorectal cancer. In bolstering the colon’s
functionality, this type of starch can prevent the development of chronic bowel
disorders such as Crohn’s disease and ulcerative colitis. The NIH also
highlights the advantages that resistant starch offers for metabolism. For
instance, regular consumption of this starch type through meals can improve
insulin sensitivity, which in turn can lower blood sugar levels and reduce the
risk of diseases such as type 2 diabetes, heart disease, obesity, and even
Alzheimer’s. Increasing awareness about the vast benefits of potato starch and
other naturally derived ingredients is expected to augur well for the market in
the coming years.
Regional
Insights
High
Demand for Plant-based Food Items to Support Market Growth in Europe
Europe
is anticipated to have a commanding hold on the potato starch market share
during the forecast period on account of high demand and consumption of
plant-based, naturally made food items in the region. In addition to this, food
& beverage companies in the region are increasingly developing health
snacks by infusing them with potato starch, which is favoring the market growth
in the continent.
The
market size in North America stood at USD 178.75 million in 2019 and is
expected to expand at a steady pace owing to surging demand for organic foods
and drinks in the region. In Asia Pacific, rapid urbanization is boosting the
demand for ready-to-eat organic foods, which is creating promising prospects
for the players in this market.
Competitive
Landscape
Key
Players to Engage in Collaborative Efforts to Promote Plant-based Nutrition
With
the widening ambit of plant-based foods and drinks, key players in this market
are taking concrete steps to innovate and augment the potential of
naturally-derived starches, including potato starch. To that end, many
companies are joining large-scale initiatives to promote plant-based nutrition
products. On the other hand, a few other companies are making tactical
acquisitions to expand their global presence.
Industry
Developments:
Source:
https://www.fortunebusinessinsights.com/industry-reports/potato-starch-market-101789
The global skincare market size is expected to gain momentum by
reaching USD 145.82 billion by 2028 from USD 100.13 billion in 2021 while
exhibiting a CAGR of 5.52% between 2021 to 2028. In its report titled, “Skincare
Market Size, Share & COVID-19 Impact Analysis, By Product (Creams, Lotions,
Powders, Sprays, and Others), Packaging Type (Tube, Bottle, Jar, and Others),
Gender (Men and Women), Distribution Channel (Cosmetic Stores, Supermarkets/
Hypermarkets, Online Channels, and Others), and Regional Forecasts, 2021 – 2028,”
Fortune Business Insights™ mentions that the market stood at USD 98.83 billion
in 2020.
In recent times, skincare has become one of the important rituals
in everyone’s life. This is because these products improve the quality and
health of the skin and provide nourishment. Men & women both use it daily
for purposes such as cleansing, moisturizing, and hydrating. Additionally,
awareness toward natural and herbal skin care is also generating traction.
For instance, ingredients such as aloe Vera, various root and leaf
extracts have replaced chemicals in these personal care products since people
are now aware of the adverse effects of synthetic chemicals on the skin.
Therefore, major skincare companies are labeling their products to be natural.
For example, key companies such as Avon and Garnier have launched their natural
and herbal range as ‘Avon Naturals’ and ‘Garnier Organic’ to attract customers.
COVID-19 Impact
The pandemic crippled the global economy. The manufacturing
facilities saw a decline in their production capacity due to lockdown and
stringent regulations imposed by governments amid the pandemic to curb the
spread of the virus. This is impacting the companies’ product revenues.
Additionally, factors such as the closure of beauty retail stores and cosmetic
businesses and the shortage of raw material supplies due to the lockdown
restrictions hampered the product consumption rate.
However, the market is expected to revive during the forecast
period, as there is a shift in the consumer behavior towards personal care,
wellness and beauty increased while they were indoors, amid lockdown.
What does the Report Provide?
The market report for these products provides a detailed analysis
of several factors, such as the key drivers and restraints that will impact
growth. Additionally, the report provides insights into the regional analysis
that covers different regions, contributing to the growth of the market. It
includes the competitive landscape that involves the leading companies and the
adoption of strategies to introduce new products, announce partnerships, and
collaborate to contribute to the market growth.
Driving Factors
Increasing Awareness Regarding Personal Grooming to Drive Market
Growth
The rising trend of skin nourishment products by the young
population to treat their skin problems such as acne, black spots, scars,
dullness, and tanning is expected to drive skincare market growth. Products
such as toners, scrubs, and sunscreen are highly in demand from the younger
population, whereas products that treat wrinkles, cracked heels are demanded
from the aged population. Moreover, incessantly changing lifestyle, increasing
disposable income, and spending patterns of consumers on beauty care products
is expected to boost the market in upcoming years.
Furthermore, the increasing demand for men’s grooming products,
strong advertising initiatives by manufacturers, and the digitalization trend that
have enhanced consumer awareness about personal care products are also
promoting market growth. For instance, as per ‘Prima & Prep’s Men Grooming
survey 2019’, around 89.5% of the men are concerned about skin issues, of which
35.8% of men use skincare and anti-aging products on a daily basis.
Regional Insights
Asia Pacific to Dominate Backed by Increasing Working Population
Asia Pacific is expected to remain at the forefront and hold the
highest position market during the forecast period. This is attributable to the
increasing employed population and rising disposable income in the region. For
instance, a report by India Brand Equity Foundation on FMCG published in May
2018 states that in India, total consumption expenditure was USD 1,595 billion
in 2016, which is projected to reach about USD 3,600 billion by 2020. The
region’s market stood at USD 51.31 billion in 2020.
Europe is expected to showcase significant skincare market share
in upcoming years, owing to the increasing demand for skin nourishment products
by both male and female population. Additionally, the greater spending power of
the populace in the region, coupled with the strong presence of key players
operating in the market, is promoting the regional market.
Competitive Landscape
Key Players to Focus on New Launches & Acquisitions to
Strengthen Their Presence
The market is consolidated by major companies striving to maintain
their position by focusing on new launches, collaborations & partnerships,
and acquisitions. Such strategies taken up by key players are expected to
strengthen its market prospects.
Market Segmentation:
By product type, the market is divided into creams, lotions,
powders, sprays, and others. By packaging type, the market is segmented
into tubes, bottles, jars, and others. On the basis of gender, the market is
bifurcated into men and women. By distribution channel, the market is segmented
into cosmetic stores, supermarkets/ hypermarkets, online channels, and others.
Based on type, the creams segment held a market share of 33.41% in
2020. This is attributable to
Finally, based on region, the market is categorized into North
America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Source:
https://www.fortunebusinessinsights.com/skin-care-market-102544