ReleaseWire Connect

Rising popularity of cocoa based products such as cocoa drinks, chocolate, cocoa butter and cocoa liquor is boosting the growth of the global cocoa market. Over the recent years, demand for cocoa products, especially chocolate has surged in emerging countries such as India and China. Moreover, introduction of cocoa based health drinks and a range of new chocolate confectionary items is also driving the global consumption of cocoa. On the other hand, high cost of production and inadequate supply of cocoa are posing a major challenge to the market. Weather plays a key part in determining the quality and quantity of cocoa beans that are cultivated each year, hence unfavorable weather conditions can lead to low yield, which remains a major concern for the overall cocoa market. Fact.MR's recently published report reveals that the global market for cocoa will register a moderate CAGR of 3.3% between 2017 and 2022 to reach a valuation of US$ 40,206.9 Mn. For the last decade or so, a large number of consumers particularly in Westerns countries are opting for healthier alternatives over chocolate, many of them even quitting chocolate completely. This, in turn, is compelling manufacturers to replace chocolate with healthier ingredients in their indulgent products.

Fact.MR's comprehensive report on the global softgel dietary supplements market delivers key actionable insights on various dynamics including drivers, trends, and challenges that are anticipated to shape the market during the assessment period of 2017-2022. As per the research, the global softgel dietary supplements market will expand a robust CAGR, standing at a market valuation of US$ 39.5 Bn by 2022, majorly owing to aging population and changing dietary preferences. Fact.MR opines that the growing consumption of softgel dietary supplements can also be attributed to the swallowing difficulties, reported in pediatrics and geriatrics. Moreover, healthy lifestyle trends and efforts to reduce and prevent chronic illnesses will give a boost to vitamins and minerals softgel dietary supplements in the coming years. Softgel dietary supplements consumed for general wellbeing will account for nearly one-fourth of the total market share, predicts Fact.MR.

The promising advent of innovative products coupled with booming automobile production is fostering the growth of automotive relay market. The gains of automotive relay market can be attributed to surging demand from a myriad of applications such as automotive, industrial, trucks, and heavy equipment. Moreover, on-going diversifications in printed circuit boards (PCBs) have paved ways for replacement of complex and traditional relays, which bodes well for the automotive relay market. With increasing demand for technologies like GPS, temperature, weather, and traffic information, the installation rates of automotive relays are expected to rev up, thereby pushing growth of automotive relay market. As per the report published by Fact.MR, the automotive relay market was valued at US$ 12,030.9 Mn in 2017 and is envisioned to value around US$ 15,692.5 Mn by 2022 end.

A prominent rise in the rates of vehicle production, sales of cars, demand for automobile maintenance, and expansion of automotive aftermarket are factors responsible to transform the growth trajectory of the automotive antifreeze market in the coming years. As per Fact.MR's study on the automotive antifreeze market, a steady CAGR surpassing 5% is projected during the forecast period of 2017 – 2022.

Rampant digitization across the automotive industry is contemplated to be one of the predominant factors driving automotive gesture recognition market. A user-friendly interface with minimal technical complexities makes it easy to access, thereby enabling automotive gesture recognition market to procure strong gains. Moreover, the automotive gesture recognition market is likely to benefit from rising number of customers seeking for application-based vehicle technologies. Governmental implications across several regions for ensuring road safety is also anticipated to invigorate growth of automotive gesture recognition market. As per the meticulous research study on 'Automotive Gesture Recognition Market' compiled by Fact.MR for a forecast timespan of 2017 to 2022, the market valued at US$ 1,119.6 Mn and is projected to value approximately US$ 4,239.4 Mn by 2022 end.

A range of automotive sensing technologies appear to be inferior to automotive radar technology when it comes to delivering top notch efficiency and up-to-the-mark functionality in extreme weather conditions and challenging road infrastructure. While this fact will remain the chief driving force for rapid incorporation of automotive radar in vehicles, a new study by Fact.MR sheds light on several other factors influencing the adoption of automotive radar, boosting automotive radar market growth. The report has predicted the global automotive radar market to observe robust growth over the next few years.

Non-uniformity in road infrastructure coupled with advancements in braking systems continue to influence the adoption of automotive brake components. In addition, according to World Health Organization (WHO) around 1.3 million fatalities are recorded every year on account of road accidents caused by vehicles. Increasing demand for passive and active safety of automobiles on the back of growing road accidents have initiated demand for efficient automotive brake components such as brake calipers, brake pads, brake shoes and brake liners. This factor is likely to instrumental in driving the need for efficient automotive brake components, in turn pushing their market's growth. Fact.MR envisages that the sales of automotive brake components is estimated to cross US$ 65 Bn by end of the year of forecast. The automotive brake components demand is projected to grow at a CAGR of around 4% in terms of value during the period of forecast, 2018-2028.

Fact.MR's report on the automotive pumps market has introduced interesting insights about the steadily progressing market. The market analysis has revealed that stricter emission standards and preference for green technology have led significant investments in the R&D to enhance engine performance. With their indispensable role in the maintenance of engine efficiency, the automotive pumps market is expected to report a steady CAGR in the range of 4 - 5 % during the forecast period of 2017 - 2026.

With exceptionally booming adoption for SUVs, MPVs, and sedans, plastic will remain at the forefront of demand in global automotive fuel tank market. At the highest estimated CAGR over 2017-2022, plastic automotive fuel tank sales are expected to equate the revenue within the range of US$ 28-30 Bn towards 2022 end. Aluminum and steel automotive fuel tanks will continue to lose opportunities owing to incompatibility in terms of lightweight, fuel efficient vehicle economy.

Fact.MR, in its latest research, anticipates the global automotive aerospace filter market to expand at 7.4% CAGR throughout the forecast period 2017 to 2022. Revenues from the global automotive aerospace filter market is projected to increase from US$ 7,141.1 Mn in 2017 to surpass US$ 10,000 Mn by 2022-end.