Industrial Research World

  The  global green tea market  size is estimated to generate a revenue of   $34,044.28 million by 2028 , increasing from   $13,850.94 million in 2020 , at a noteworthy   CAGR of 11.9%. Green Tea Market Analysis: Green tea is an excellent source of antioxidants, minerals, and vitamins and therefore provides various health benefits such as reducing body weight, increasing metabolism, and helping in skin rejuvenation. Also, it is studied that green tea is helpful in managing chronic diseases such as diabetes. For instance, according to an article published in A Sweet Pea Chef, a food blogging site, in 2020, green tea may be helpful in managing various types of cancers such as mouth, tongue, and throat cancer. Such advantages of green tea have made it a popular beverage among millennials and is expected to drive the market of green tea in the forecast time period. Also, growing cases of lifestyle diseases such as stress, diabetes, and anxiety among young worki...

  The  global dextrin market  size is estimated to be valued at   $3,538.00 million by 2028 , surging from   $2,656.90 million in 2020 , at a noteworthy   CAGR of 3.60% . Covid-19 Impact on Dextrin Market Shares The global market for dextrin is estimated to experience a moderate growth amidst the COVID-19 pandemic. This growth is the result of disruption in supply chain and manufacturing of dextrin. Also, closing down of food processing industries has decreased the demand for dextrin. Therefore, demand for dextrin has decreased in pandemic times.  Moreover, certain key players in dextrin market have experienced decrease in demand for food services. According to news published in Food Business News, in June 2020, Ingredion, Inc. an American multinational ingredient provider, revealed that COVID-19 affected their businesses mostly in North America in their first quarter and second quarter for South America. These factors are anticipated to hinder the dex...

  The  global smart agriculture market  share is estimated to be valued at  $54,949.90 million by 2028 , surging from  $26,642.60 million in 2020 , at a noteworthy  CAGR of 10.90% . Covid-19 Impact on Smart Agriculture Market The global market for smart agriculture is estimated to experience a medium growth amid the COVID-19 pandemic. This growth is the result of increased demand for remote sensing technologies and other type of farm management software tools, which may lead to higher adoption of smart agriculture technologies during the COVID-19 period. Therefore, demand for smart agriculture is projected to witness a rise.  Furthermore, certain key vendors operating in smart agriculture are focusing on the wireless technologies for staying in the competition. For instance, SensoTerra, Europe based IT company, in May 2020, announced that they launched new wireless systems for farm connectivity and data analysis of field with cloud. This sensor system ...

  The  global fertilizer market  is predicted to be valued at   $323,375.0 million by 2028 , surging from   $221,428.6 million in 2020 , at a noteworthy   CAGR of 5.0% . Impact Analysis of COVID-19 on the Fertilizer Market The coronavirus outbreak has led to enormous uncertainty for various businesses. Fertilizer market faced supply chain issues due to closed borders and import-export restrictions. The fertilizer market was greatly affected as China, which is the major producer and consumer of sulphur, sulphuric acid, and phosphates was badly hit by the COVID-19 virus, the fertilizer production units were closed. In addition, production rates also declined significantly. The lockdown imposed in China caused bottlenecks in the supply chain of phosphates, sulphur, and sulphuric acids, which are the raw materials required for manufacturing of fertilizers. In terms of logical constraints, cross-border transport was negatively impacted. For instance, the cross-b...

  The  global wealth management market  size is estimated to be valued at   $850.90 billion by 2028 , surging from   $498.70 billion in 2020 , at a   CAGR of 7.1% . Global Wealth Management Market Analysis The growth is likely to be fueled by an increase in the number of high net worth individuals (HNWIs) around the world. HNWIs have cultivated a tight working connection with investment banks and independent financial advisors in order to understand their company goals and build investment strategies. HNWIs participate in financial markets to maximize their profits. Traditional wealth management of an ever-increasing number of individuals is a difficult and hazardous responsibility for financial institutions. As a result, demand for tools or systems to automate wealth management procedures is steadily increasing. Inadequate technological skills among business professionals, on the other hand, is expected to be a challenge. In addition, a lack of understandi...

  The  global home insurance market  is estimated to be valued at  $4,07,940.4 million by 2028 , surging from  $2,41,006.8 million in 2020  at a noteworthy  CAGR of 6.8% . Global Home Insurance Market Analysis The surge in the human population has increased the demand for housing services globally, which has propelled the development of residential housing services. The increasing requirement for safe housing has aided in the expansion of home insurance market. The utilization of home insurance services has advantages such as coverage of temporary living expenses and coverage for the loss/damage to your valuable assets and precious personal belongings, which makes it easier to avail a house loan from banks that provides coverage against natural and man-made calamities, protection against liabilities, and others. These factors are expected to contribute in the growth of global home insurance market. The lack of awareness of investment and lack of resour...

  The  global edge AI processor market  size is estimated to be valued at  $8,059.7 million by 2028 , surging from  $2,400.0 million in 2020 , at a noteworthy  CAGR of 16.5% . COVID-19 Impact on Edge AI Processor Market Organizations will need to reap the benefits of every technological advantage available to them as they adjust to operating in the unknown territory created by the COVID-19 pandemic. The combination of edge computing, 5G, and AI will provide them with the opportunities they require to be market responsive and thrive in the face of disruption. A high positive impact has been witnessed in the industrial vertical, as firms have started realizing the potential of edge AI chips in combating the impact of COVID-19. As the world becomes more interconnected, advanced technologies such as AI gain a stronger grip on the industrial spectrum. AI chipsets, in turn, will emerge as solutions for large-scale data processing. The COVID-19 pandemic imposed ne...

  The  global processed meat market  is estimated to be valued at  $4,79,472.50 million by 2028 , surging from  $2,77,000.00 million in 2020 , at a noteworthy  CAGR of 7.20% .   Impact Analysis of COVID-19 on the Processed Meat Market The global market for processed meat is estimated to experience a low growth amid the COVID-19 pandemic. This low growth is the result of disruptions in supply chain and closing of manufacturing facilities across the globe. In addition to this, pandemic has hit the entire meat supply chain of production and it is impacting the businesses and workers engaged in it. Moreover, spreading of the corona virus at processing plants might have led decrease in the operating capacity, resulting into the decline in the output of processed meat market. Therefore, demand for processed meat is decreasing amid the pandemic. However, according to a news article, in June 2021, JBS SA, largest meat processing company based in Brazil, announ...

  The  global thermal camera market  size is estimated to be valued at $19,303.9 million by 2028, surging from $9,345.1 million in 2020, at a CAGR of 10.2%. COVID-19 Impact on the Thermal Camera Market During the COVID-19 pandemic, the global thermal camera market trends are projected to be moderately impacted. This is due to the implementation of curfews by government agencies in most countries. Various raw material firms in emerging countries like India and Japan have closed due to lock down imposed by government bodies. However, the market has risen dramatically in recent years due to the demand for thermal cameras as they detect temperature of bodies from far without any contact. Global Thermal Camera Market Analysis Increased government financing for the implementation of thermal cameras is among the key major driving factors of thermal camera market's growth. Increased use of thermal cameras for security & surveillance, a high rapid adoption of thermal imaging c...

  The  global cooking oil market  size is estimated to be valued at   $2,56,200 billion by 2028 , surging from   $1,67,600 billion in 2020 , at a noteworthy   CAGR of 5.5% .     COVID-19 Impact on Cooking Oil Market During the pandemic, the cooking oil market is experiencing a low growth as food safety has become one of the biggest concerns among consumers to reduce the possibilities of getting infected by the virus. This has led to the shutdown of restaurants and food stalls, negatively impacting the growth of the market. Furthermore, certain key vendors operating in cooking oil market, such as Marico Ltd, India's leading consumer goods company, in July 2020 announced that they have experienced higher growth rate of 16% on their saffola oil as it is considered as healthy oil. All such factors are predicted to positively impact the global cooking oil market trends amid the pandemic.     Due to the COVID-19 pandemic, people are ...