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Recent Media Releases


The following is a compilation of the press releases for reports published by Persistence Market Research.
  • Tiki Torches Market to Reach US$ 1.1 Bn by 2030; Restrictions on Events and Gatherings Due to COVID-19 Outbreak Hurting Market Growth

    Published On : Jul 14, 2020

    Millennials are playing a significant role in shaping the future of the e-Commerce industry. For instance, the millennial generation accounts for more than 25% of the U.S. population, which has been growing by 3% since 2016. This group in the stage of turning into new parents, and will continue to hold great potential for the home décor market. This has compelled tiki torches market players to enhance their e-Commerce penetration. Such enhanced brand presence in the market is driving the growth of the tiki torches market. Young shoppers often prefer convenience and immediacy over saving money on shipping and product prices. This has made it important for players in the market to offer immediate delivery services.

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  • Food Grade Phosphate Market to Cross US$ 35 Bn Valuation in 2030; Reduced Demand from F&B Industry Due to COVID-19 Pandemic Affecting Market Growth

    Published On : Jul 14, 2020

    Awareness regarding high-quality food that contributes to good health, convenience, and nutritional value has inclined consumers toward a healthy eating regime. Consumers today demand additives that have health benefits and that are also clean label. Food grade phosphate maintains and repairs tissues and cells, supports growth, is involved with the storage and use of energy while reducing muscle pain after exercise, and helps maintain normal acid-base balance in the body. Along with these health benefits, it also provides texture and enhances the flavor of food products.

    All these factors are driving the growth of the food grade phosphate market, which has witnessed substantial growth over the years. This trend is anticipated to continue over the forecast period of 2020-2030, at a CAGR of 3%.

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  • Bulk Acoustic Wave (BAW) Filter Market to Expand at Impressive 19% CAGR through 2030; Supply Chain Disruptions Due to COVID-19 Outbreak Impeding Growth

    Published On : Jul 14, 2020

    The number of IoT devices is increasing across various locations, including smart homes, hospitals, and college campuses. To serve this increasing IoT demand, new network models such as mesh networks are being developed that increase the radio frequency (RF) complexity in access points. Due to an increase in the number of users and connected devices, RF front-end modules need to support wireless radio needs and also Wi-Fi additional band needs by increasing functionality and decreasing the size of the device. Due to this, the number of RF-chains in routers and access points increase, and thermal management challenges occur. To overcome the challenge, bulk acoustic wave filters are used, as these filters provide stability over temperature shifts and lower the temperature drift, which helps mitigate insertion loss and leads to good product thermal characteristics. Bulk acoustic wave (BAW) filters offer extremely steep skirts, which simultaneously exhibits low loss in the Wi-Fi band and also resolves the co-existence Wi-Fi and LTE signals within the same device or near one another. These filters address the stringent thermal challenges of multiple input-output systems and multi-users without comprising on emission performance and compliance.

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  • Rock Candy Market to Be Valued at US$ 850 Mn in 2030; Manufacturing & Supply Chain Disruptions Caused by COVID-19 Outbreak Impeding Market Growth

    Published On : Jul 13, 2020

    Consumers nowadays are showing more interest in flavored candies. As such, over the last few years, manufacturers have introduced different fruit flavors and formats to increase their consumer base. Manufacturers are looking to use tasty and flavorful ingredients in rock candies, such as blackcurrant, passion fruit, aniseed, and such others.

    • For instance, Australian Sweet Co. is increasing its focus on expanding the flavor profile of its rock candy products. The company has introduced a new exciting range of flavors, which includes aniseed, fruit rock candies, and others.
    • The Sugar Crystal Company offers a diverse range of rock candy crystal sticks, such as white natural rock candy sticks, blue raspberry rock candy sticks, green apple rock candy sticks, and others.

    The global rock candy market has witnessed substantial growth over the past few years, and this trend is expected to continue through the course of the forecast period (2020 to 2030).

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  • Agave Syrup Market to Cross US$ 880 Mn Valuation in 2030; Production & Supply Chain Disruptions Due to COVID-19 Outbreak Hampering Market Growth

    Published On : Jul 13, 2020

    Customers are demanding healthy food with additional nutrition contents, as the easy availability of health and nutrition information is blurring the lines of what types of products are required to maintain health. Agave syrup, being a natural plant-based product, consists of nutrients such as vitamin C, vitamin B, potassium, calcium, and selenium, all of which are beneficial to health. Growing demand for low-calorie sweeteners in beverages has led to increased application of agave syrup by manufacturers involved in the beverage industry, thus boosting the sales of agave syrup.

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  • OTC Consumer Healthcare Market to Surpass US$ 250 Bn by 2030; COVID-19 Outbreak Catalyzing Sales of OTC Drugs

    Published On : Jul 10, 2020

    Increasing awareness regarding self-care is a major factor contributing to the growth of oral health care related to cough, cold, allergies, analgesics, and others. The COVID-19 pandemic has only amplified this trend, which is expected to continue in the foreseeable future. Among the regions, North America is the largest market for OTC consumer healthcare, due to the presence of a large number of key players and high concern for health among customers in the region. The market East Asia is likely to register high growth in the coming years, due to the increasing older population coupled with the high presence of common ailments among the people. This is expected to boost the demand for OTC pharmaceuticals and dietary supplements in the region.

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  • Organic Milk Powder Market Size to Double in Next Ten Years; Slowdown of F&B Industry amidst COVID-19 Pandemic Hurting Market Growth

    Published On : Jul 09, 2020

    Infant formula is one of most vital baby food, and consumers are more concerned regarding its quality. This has further increased the demand for organic and high quality infant formula among consumers. Since organic milk powder is a major base of organic infant formula, its demand is expected to increase over the coming years. Furthermore, organic milk powder is more nutritious than conventional milk powder, as it is beneficial for promoting immune health and useful for brain and eye development of babies. Key characteristics such as absence of artificial flavor, hormones, preservatives, and other artificially-sourced ingredients enhance the quality of the products.

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  • High Purity Quartz (HPQ) Market to Reach US$ 1.7 Bn by 2030; COVID-19-related Disruptions in HPQ Supply Chain and Semiconductor Industry Hurting Market Growth

    Published On : Jul 08, 2020

    High purity quartz is quartz (SiO2) with 99.99%+ purity, and is very rare. Most naturally occurring quartz contain a variegated range of impurities, among which, contamination from substantial elements such as Al, Ti, and Li are impossible to remove, if structurally bound to silica. The growth of the high purity quartz (HPQ) market is majorly driven by increasing demand from the electronics sector. In terms of geographical perspective, demand is majorly driven by East Asia and Europe, especially from China, Germany, etc. HPQ’s significant characteristics such as consistent quality, and negligible amount of impurities as compared to general silica sand, make it more preferable.

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  • Office-based Lab Market to Expand 3.4X by 2030; Priority for COVID-19 Care at Hospitals Increasing Opportunities for OBLs

    Published On : Jul 06, 2020

    The office-based lab model can deliver primary care with the presence of a physician. This has increased the utilization of non-physicians to provide effective solutions at office-based labs. This factor has surged the number of non-physician graduates from 2013 to 2015, at a CARG of 10.6%. Simultaneously, the demand for non-physician clinicians has also increased at primary care facilities.  This is due to the fact that there are specific primary care that can be provided more comfortably by non-physicians rather than physicians.

    According to a latest report published by PMR, the global office-based lab market was valued at US$ 19 Bn in 2020, and is expected to witness a healthy CAGR of around 13% during the forecast period (20202030).

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  • Healthcare Safety and Risk Management Solutions Market to Expand at 11% CAGR through 2030; Higher Growth to be Witnessed during COVID-19 Pandemic

    Published On : Jul 02, 2020

    The healthcare safety and risk management solutions market is anticipated to grow 11% annually through the period of 2020 to 2030, due to increasing adoption of advanced healthcare IT solutions such as big data, bioinformatics, genomics, and image analysis. These solutions include informatics from deep learning applications such as electronic health records (EHRs) and image processing, to assist physicians with the diagnosis and management of disease states. 

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  • Inflatable Boats Market to Reach US$ 2.6 Bn by 2030; Sluggish Tourism Industry amidst COVID-19 Pandemic to Restrict Sales in Near Term

    Published On : Jul 02, 2020

    Rapidly growing demand from maritime security along with rising number of leisure activities are the main driving factors for the inflatable boats market. The boating industry has witnessed significant growth in recent years, with increasing number of professionals and adventurers, and boat racing events, which have tremendously bolstered the demand for inflatable boats.

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  • Network Performance Monitoring Market to Expand Threefold by 2030; COVID-19 Pandemic Restrictions Increasing Need for Remote Monitoring

    Published On : Jun 26, 2020

    Increasing complexity of networks is one of the biggest concerns faced by most enterprises. Enterprise networks have become more complex due to the adoption of new technologies such as cloud computing and IoT, as well as changing business practices. Organizations are adopting various network monitoring tools to better maintain and control their network infrastructure, which is the main reason driving the growth of the global network performance monitoring market.

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  • Olive Oil Market to Hit US$ 20 Bn Mark in 2030; Reduced Demand from Foodservice Industry Due to COVID-19 Pandemic Impeding Market Growth

    Published On : Jun 26, 2020

    The European Union is the leading producer, consumer, and exporter of olive oil across the globe. Europe is also the leading producer of olives, which makes it the most lucrative region for manufacturers in the global olive oil market. Additionally, the Asia Pacific region is expected to offer promising opportunities for market players over the coming years.

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  • Marula Oil Market to Reach US$ 72 Mn by 2030; Growth Affected Due to Reduced Manufacturing and Sales Brought on by COVID-19 Pandemic

    Published On : Jun 26, 2020

    Antioxidants are gaining wide attention in the cosmetic industry, as these offer efficient solutions for skincare. Antioxidants stop the oxidation process under which a compound loses electrons and negatively affects the skin. The oxidation process happens due to internal and external reasons, such as UV radiation, pollution, etc. Oxidation affects the skin by causing blackheads, wrinkles, loss of hydration, etc. Since consumers across the world are becoming more conscious regarding healthy and young-looking skin, manufacturers are moving toward the usage of antioxidants in cosmetic products. Marula oil contains high antioxidant properties and comprises vitamin E and C, which are capable of resisting the oxidation process.

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  • Mobile Ticketing Market to Exhibit 17% CAGR through 2030; COVID-19-related Restrictions on Travel and Entertainment Hindering Market Growth

    Published On : Jun 26, 2020

    As per the findings of a new market research report by Persistence Market Research, worldwide revenue of the mobile ticketing market reached US$ 1.2 Bn in 2019, and is anticipated to exhibit an impressive CAGR of 17% during the forecast period (2020 to 2030). Adoption of mobile ticketing systems and apps to drive ticket sales, reduce reliance on printed paper and plastic tickets, and to encourage digitization and cashless payments are all aiding the growth of the mobile ticketing market. The transportation and event sectors will lead the way in terms of sales through 2030, thereby pushing the growth of the global mobile ticketing market in a big way.

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  • Ineffective Esophageal Motility Treatment Market to Reach US$ 6.4 Bn by 2030; Prioritization of COVID-19 Treatment to Hurt Near-term Growth

    Published On : Jun 24, 2020

    Ineffective esophageal motility treatment leads to a reduction in muscle damage and improved outcomes, improving quality of life and resulting in long-term benefits. Device-based treatment and IEMT drugs have already had a substantial impact on how symptoms of GERD and achalasia are treated. The first and the most important factor driving the growth of the ineffective esophageal motility treatment market is the increasing prevalence of gastroesophageal reflux disease. Other factors, such as intake of asthma medications and increasing geriatric population, are also responsible for driving the ineffective esophageal motility treatment market.

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  • Angiography Catheters Market to Expand Twofold by 2030; Manufacturing Challenges amidst COVID-19 Pandemic Hurting Market Growth

    Published On : Jun 24, 2020

    A catheter used in angiography with the help of X-ray imaging guidance. The use of a catheter makes it possible to combine treatment and diagnosis in a single procedure. Various catheters available for angiography include coronary catheters, renal catheters, and microcatheters. However, coronary catheters are the most-used product due to increasing incidence of cardiovascular disease. Since the past few years, cardiovascular diseases (CVDs) are the leading cause of death, worldwide, taking approximately 18 million lives each year. This factor will propel the growth of the angiography catheters market during the forecast period. Furthermore, technological advancements in cardiovascular procedures and development in healthcare infrastructure are some other factors that will boost the angiography catheters market in the future.

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  • Business Productivity Software Market to Cross US$ 78 Bn Valuation in 2030; Increased Adoption being Witnessed across Organizations during COVID-19 Pandemic

    Published On : Jun 23, 2020

    Advancements in collaborative and interactive technologies have made communication solutions more dynamic, which enables individuals to share information via multimedia technology. Also, content sharing, digital data streaming, and mobile connectivity solutions are turning meeting rooms into dynamic locations, where people from different states, countries, and continents can be involved in one place for decision-making, problem-solving, and risk control processes. Due to this digitizing at the workspace, many vendors in the business productivity software market are focusing on developing more dynamic solutions to meet the rising demands of customers, which, in turn, is driving the growth of global business productivity software market.

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  • Chatbots Market to Exhibit Impressive 20% CAGR through 2030; Restrictions Due to COVID-19 Outbreak Surging Demand for Chatbots with Self-service Features

    Published On : Jun 23, 2020

    Retailers and e-Commerce businesses are accelerating the procurement of chatbot solutions and services to bridge the gap of customization faced by customers while shopping online. Integration of chatbots to cater to customer needs dramatically advances customer experience and enables sellers to gain detailed insights into the personalization requirements of their customers. Chatbots also acknowledge customer intent, while facilitating the provision of relevant product recommendations. Apart from such web-based chatbots, high demand for contact center chatbots is being observed in the retail and e-Commerce arena.

    The global chatbots market was valued at US$ 650 Mn in 2019, and is estimated to progress at a CAGR of approximately 20% during the forecast period of 2020 to 2030. This strong growth rate can be attributed to the high adoption of chatbots for marketing, sales, customer support, digital onboarding, and personal assistance. However, further advancements in natural language processing (NLP) and advanced cognitive conversational skills are required to ensure the high reliability of chatbots.

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  • Lithium Ion Battery Market to Expand at Impressive 14% CAGR through 2030; Decreased Auto Sales Due to COVID-19 Outbreak Affecting Market Growth

    Published On : Jun 19, 2020

    The rapidly growing fleet of electric vehicles (EVs) is one of the most important driving factors for the lithium ion battery market. The automotive industry has been witnessing a visible shift from using nickel metal batteries to lithium ion batteries in plug-in vehicles and EVs. The beneficial physical characteristics of lithium ion batteries such as small size and light weight have bolstered their demand across the automotive industry.

    The global lithium ion battery market is estimated to expand at a CAGR of around 14% by value over the next decade, and reach a valuation of US4 127 Bn by 2030.

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