The global olive oil market size is expected to showcase considerable growth by reaching USD 16.64 billion by 2027. This is attributable to the increasing prevalence of heart disease and the growing demand for functional food products across the globe. Fortune Business Insights published this information, in its latest report, titled, “Olive Oil Market Size, Share & COVID-19 Impact Analysis, By Type (Refined Olive Oil, Virgin Olive Oil, Olive Pomace Oil, and Others), End-user (Household/Retail, Food Service/HoReCa, Food Manufacturing, and Others), and Regional Forecast, 2020 - 2027.” The report further observes that the market stood at USD 13.03 billion in 2019 and is projected to exhibit a CAGR of 3.2% between 2020 and 2027.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from the governments, as well as from several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
Olive oil is naturally extracted from olives obtained from the olive tree. A major component of the Mediterranean diet, the oil is rich in antioxidants and has a rich source of monounsaturated fatty acids (MUFAs). Undergoing the least processing amongst other edible oils, it protects the body from cellular damage that may otherwise lead to several diseases and health conditions.
What does the Report Include?
The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market strongholds between 2020 and 2027.
DRIVING FACTORS
Increasing Incidence of Heart Disease to Favor Growth
According to the World Health Organization (WHO), around 48% of adults living in the United States suffer from some form of cardiovascular ailments. This is nearly half of the American population. The rising prevalence of heart ailments is propelling people to turn towards healthy food products that are likely to surge the demand for extra virgin olive oils, which are a rich source of antioxidants. Additionally, the growing popularity of functional food products owing to the increasing awareness regarding the consumption of nutritious foods is expected to drive the global olive oil market in the forthcoming years.
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The Europe paper towel market size is expected to gain momentum by reaching USD 6.17 billion while exhibiting a CAGR of 4.6% between 2020 and 2027.
This is attributable to the increasing rate of the working women population that propels the demand for innovative sanitary paper towel products in Europe.
This information is published by Fortune Business Insights, in its latest report, titled, “Europe Paper Towel Market Size, Share & COVID-19 Impact Analysis, By Product Type Form (Folded and Rolled), Application (Consumer and AFH (Office, Restaurant, Hotel, Hospital, and Others)), Qualities (Strong Absorption and General Absorption), and Country Forecast, 2020-2027.” The report further mentions that the market stood at USD 4.36 billion in 2019 and is anticipated to experience considerable growth in the forthcoming years.Reduced Consumer Spending to Restrain Market Growth The novel coronavirus has led to unprecedented economic loss across the globe.
This has led to uncertain future prospects that are affecting the s bpending capacity of the consumers as they are reluctant to spend high on things amid the pandemic.
Amidst this, the rising demand for sanitization products such as disinfectants and sanitized paper towels will support the growth of the market in the forthcoming years.Across Europe paper towels are extensively adopted in kitchens and bathrooms to ensure proper hygiene and cleanliness.
The paper towel products soak moisture from the hands and further aid in reducing the bacterial and viral spread on the hand.
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The U.S. electro-optics/ infrared systems market size is expected to showcase considerable growth by reaching USD 7.40 billion by 2027 while exhibiting a CAGR of 6.19% between 2020 and 2027.
The growth is attributable to the increasing demand for technologically advanced UAVs and the growing focus on upgrading military might by the U.S. that will drive the adoption of advanced electro-optics infrared systems.
Fortune Business Insights, published this information, in its latest report, titled, “The U.S. Electro-Optics/ Infrared Systems Market Size, Share & COVID-19 Impact Analysis, By System (Imaging EO/IR and Non-Imaging EO/IR System), By Technology (Cooled and Uncooled), By Sensor Technology (Staring and Scanning Sensor), Imaging Technology (Multispectral and Hyperspectral), By Wavelength (Ultraviolet, Visible, Near Infrared, SWIR, MWIR, and LWIR), By Platform (Airborne, Land, and Marine/Naval), By Laser Range Finder (Airborne, Land, and Marine), By End User (Commercial and Military), and Country Forecasts, 2020-2027.” The report further mentions that the market stood at USD 5.55 billion in 2019.
Suspended EO/IR Contracts amid COVID-19 to Restrain GrowthThe aerospace and defense industry is experiencing tremendous pressure due to the COVID-19 pandemic owing to a sudden halt in the operations and activities.
The supply chain disruption has led the EO/IR system manufacturers to postpone the development and delivery of advanced surveillance systems leading to the postponement of contracts.
However, collaborations amongst enterprises to provide efficient solutions are likely to favor the market growth during the forecast period.The electro-optics infrared (EO/IR) system usually consists of visible and infrared sensors that can efficiently detect target hologram that aids in military application.
The global hemodynamic monitoring devices market is anticipated to reach over USD 1523.65 Million by 2025 according to a new research published by Polaris Market Research.
The hemodynamic monitoring devices are majorly used for the medical analysis of cardiac health, quality, and durability of life of individuals suffering and recovering from cardiovascular surgery.
Complete Summary with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/global-hemodynamic-monitoring-devices-market The global hemodynamic monitoring devices market is majorly driven by growing demand for the analysis of critical congenital heart disease (CCHD), growing occurrence of respiratory disease, increasing incidence of lifestyle-related diseases, rising private as well as government sector initiatives to decrease healthcare costs and growing geriatric patient population.
In addition, continuous R efforts by market key players to comprehend life-threatening diseases leading to the development of effective treatment products are anticipated to mark a significant growth during the forecast period.
On the basis of monitoring systems, the global hemodynamic market is further segmented into Cardiac output monitors, Pulmonary artery catheters, and others.
The rising governmental focus on quality healthcare, increasing occurrences of cardiovascular ailments and growing geriatric population are the factors anticipated to significantly boost the hemodynamic monitoring devices market in the Asia Pacific.
