Growing Residential Construction to boost Indian Air Cooler Market
Published: Nov 2020
Indian air coolers market is estimated to grow at a CAGR of 12.2% during the forecast period. Growing residential construction is one of the major factors that will further accelerate the adoption of air coolers in the country. For instance, as per the India Brand Equity Foundation (IBEF), in 2019, housing sales reached 2.61 lakh units across seven Indian major cities.
Significant Demand for Evaporative Cooler is Reflecting Positively on European Air Coolers Market
Published: Nov 2020
European air coolers market is estimated to grow at a CAGR of 8.2% during the forecast period. Significant demand for evaporative air coolers has been witnessed in the region as it is an eco-friendly and cost-effective cooling option for residential and commercials. These air coolers produce a comfortable, cool breeze through the water evaporation process.
Increasing Residential Construction to Reflect Positively on China Air Coolers Market
Published: Nov 2020
China air coolers market is estimated to grow at a CAGR of 11.9% during the forecast period. Increasing residential construction is one of the crucial factors accelerating market growth. As per the National Bureau of Statistics of China, in 2019, the housing construction area of real estate development enterprises in China was 8,938.21 million square meters, which is a rise of 8.7% compared to 2018.
Emerging Demand for Portable Air Coolers to Reflect Positively on Asia-Pacific Air Coolers Market
Published: Nov 2020
Asia-Pacific air coolers market is estimated to grow at a CAGR of 11.2% during the forecast period. Emerging demand for portable air coolers is supporting to drive market growth. A significant number of the population in the region lives in apartments that have limitations regarding window air coolers and therefore, a portable air cooler is an appropriate solution. A portable air cooler is easy to move around the house.
Rising Consumption of Gourmet Frozen Pizza Accelerates the US Frozen Pizza Market
Published: Nov 2020
The US frozen pizza market is estimated to grow at a CAGR of 6.6% during the forecast period. Gourmet pizza has been gaining immense popularity in the country owing to the increasing availability of innovative flavors. The US consumers actively look for new tasty, and gluten-free pizzas, which is driving the consumption of gourmet frozen pizzas in the country. These are available in several varieties, including plant-based range.
Emerging Demand for Frozen Food Accelerates North American Frozen Pizza Market
Published: Nov 2020
North American frozen pizza market is estimated to grow at a CAGR of 5.8% during the forecast period. There is an emerging demand for frozen food in the region, owing to the long shelf-life and time-saving. As per the American Frozen Food Institute (AFFI), during the period, March to mid-April 2020, in the US, 86% of consumers had bought frozen food, of these 7% were new buyers of frozen food, who rarely or never purchased frozen food items before.
Expansion of Food Service Chains to Accelerate Indian Frozen Pizza Market
Published: Nov 2020
Indian frozen pizza market is estimated to grow at a CAGR of 7.5% during the forecast period. The expansion of food service chains is supporting to drive the consumption of frozen pizza in the country. Domino's Pizza has more than 1,250 stores present in all over India. Further, in November 2018, Pizza Hut India declared plans to open more than 200 more outlets in the country by 2022, which aims to widen its footprint in the country.
Emerging Demand for Plant-Based Frozen Pizzas to Drive the European Frozen Pizza Market
Published: Nov 2020
European frozen pizza market is estimated to grow at a CAGR of 6.4% during the forecast period. Rising demand for plant-based frozen pizza is supporting to drive the market growth. Plant-based pizza has been gaining significance owing to the increasing shift towards a healthy lifestyle in the region. Vegan pizza produced from plant-based ingredients only is lighter in calories and can skip saturated fat.
Rising Urbanization is Driving Asia-Pacific Frozen Pizza Market
Published: Nov 2020
Asia-Pacific frozen pizza market is estimated to grow at a CAGR of 6.8% during the forecast period. Rising urbanization is one of the pivotal factors encouraging market growth. As per the United Nations (UN), in 2018, 54% of the global urban population resides in Asia, followed by Europe and Africa with 13% each. In 2018, the level of urbanization in Asia was nearly 50%.
Rising Urbanization and Disposable Income to Drive the Global Frozen Pizza Market
Published: Nov 2020
The global frozen pizza market is estimated to grow at a CAGR of 6.1% during the forecast period. There is increasing urbanization across the globe, which is leading to the adoption of the western diet and lifestyle. As per the United Nations (UN), 55% of the global population resides in urban areas, which is expected to reach 68% by 2050. Asia consists of 54% of the global urban population, which is followed by Europe and Africa with 13% each.