UnivDatos Market Insights (UMI)

Why Plant-Based Food Is Becoming Increasingly Popular in the Food Industry?

LogoThe anticipated rise of plant-based food worldwide can be attributed to the impact of non-vegetarian and dairy food on human health and the environment. The livestock industry is one of the major contributors to global warming. Relative to plant-based agriculture, meat production has a much higher environmental impact in relation to freshwater use, amount of land required, and waste products generated. The recommended and potential approach for reducing the impact of humanity on the environment is to promote the increased consumption of plant-based foods. It would also help in reducing the high rates of numerous chronic diseases such as cardiovascular disease and certain cancers. According to the International Diabetes Federation, in 2017, approximately 425 million adults (20-79 years) were living with diabetes; which is anticipated to reach 629 million by 2045. Several studies claim that whole-foods or plant-based diets can help in preventing and even reverse food and lifestyle-borne illnesses, such as heart disease and type 2 diabetes. Some of the items contributing to health issues include bakery items and snacks. The Plant-Based Food Market is expected to grow at a CAGR of 8.94% in the course of the forecast period (2019-2025) and reach a market valuation of US$ 38.4 billion by 2025.

Global Subscription Ecommerce Market (2019–2025) to Attain Market Value of US$ 487.21 Billion by 2025, Growing at an Exponential CAGR of 68.0%

LogoA subscription box is an assortment of niche goods that are shipped to subscribers on a recurring basis. Users get convenience and an increasingly huge ambit of product choices. For a one-time entry of their credit card information, users are regularly greeted with their favourite goods and services in the comfort of their homes. With subscription boxes being available at reasonable prices and convenience has started to gain traction. Global Subscription Ecommerce Market is poised to reach the market valuation of US$ 487.21 billion by 2025 expanding at an exponential CAGR of 68.0% in the course of forecasted period (2019-2025) from US$ 13.23 billion in 2018. Although technology has evolved over the years, people have taken more time to accept it and adopt it in their daily lives. Lack of awareness among the shoppers to some extent also acts as hindrance to market growth. Online shopping displaying a dramatic growth attributed to round the clock facilities, reduced dependency on store visits, saved commuting costs among others. It has been estimated that more than 85% of the world online population have ordered the products via online shopping portals.

WEARABLE MEDICAL DEVICE MARKET Worth US$ 25,101.5 Million with Huge CAGR of 18.29% During 2019-2025

LogoGlobal Wearable Medical Device Market is anticipated to reach the market valuation of US$ 25,101.5 Million by 2025 displaying a reasonable CAGR of 18.29% over the forecast period (2019-2025). Wearable medical devices are deployed for the monitoring of patients at both personal as well as medical level. The technology revolves around the miniaturization of electronic devices in order to make them wearable and reliable. The market of wearable medical device market is anticipated to grow enormously owing to the factors such as rising old age population and old age-related diseases, increasing penetration of smartphones and growing number of smartphone-based healthcare apps compatible with wearable devices. Growing preference for wireless connectivity among healthcare providers and increasing focus on physical fitness would further derive the overall adoption of wearable medical device.However, high cost of wearable devices and lack of reimbursement and data security issues. Moreover, Incorporation of AI Wearable Medical Devices Market and Increasing demand for connected devices will act as the opportunity for further evolution of this industry.