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Showing posts from May, 2020

Pet Supplements Market Worth $1.05 Billion By 2027 | CAGR: 6.4%

The global pet supplements market size is expected to reach USD 1.05 billion by 2027, expanding at a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness regarding the maintenance of pet health is one of the key factors driving the market. Nowadays, owners are more concerned about the health and well-being of their pets. Several benefits of dietary supplements are impelling the growth of the market. Supplements improve the immune system, reduce the risk of heart problems, digestion problems, and cancer, and enhance the skin and coat health. On the other hand, adoption of pets keeps people healthy and fit, resulting in increased sales of supplements. For instance, it helps in reducing anxiety, preventing heart diseases, improving sleep quality, and reducing blood pressure. Hence, several health benefits associated with pets have increased their adoption across the globe in recent years. Moreover, pet supplement companies ...

Baby Drinks Market Size Worth $232.5 Billion By 2027 | CAGR: 9.3%

The global  baby drinks market size is expected to reach USD 232.5 billion by 2027, expanding at a CAGR of 9.3%, according to a new report by Grand View Research, Inc. Rising working women population in the developing countries such as China and India is driving the market. Eventually, to save working time and efforts, working women are getting inclined towards the use of baby drinks to ensure baby care in terms of nutrition. For instance, 30% to 40% of the total women population is working in India. This has resulted in the increased demand for infant formula that meets the nutritional requirement in babies. E-commerce has rapidly emerged as one of the potential distribution channels for multi-national companies in China. This scenario is attributed to the ability of the retailers to compete on price and convenience because of less capital investment and elimination of links involved in the supply chain. Asia Pacific is leading in terms of online purchase of various baby p...