Electric Ranges Market Growth & Trends
The global electric ranges market size is anticipated to reach USD 37.59 billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing growth due to rising consumer demand for energy-efficient appliances and heightened awareness of environmental sustainability. Advances in cooking technology, along with the integration of smart home features, are making electric ranges increasingly attractive to urban consumers.
A 2023 Climate Nexus survey indicates a near split in preferences, with 43% of American adults favoring gas stoves and 42% preferring electric. However, there is considerable public concern over gas stove safety and strong support for regulations addressing the risks of methane emissions. This evolving sentiment is likely to drive consumers toward electric ranges as they seek safer, more sustainable cooking options.
The market is governed by several key regulations aimed at ensuring safety, accessibility, and energy efficiency. UL 858 sets standards for maximum surface temperatures of ovens, handles, and knobs to prevent burns and fires. The ADA/ANSI and UFAS regulations mandate that controls must be reachable and operable with one hand, enhancing accessibility for all users.
Additionally, electric ranges must comply with electrical requirements that necessitate a dedicated circuit, typically a 50-amp, 240-volt setup. The Inflation Reduction Act provides funding for state-level rebates on electric appliance purchases, encouraging consumers to upgrade to energy-efficient models.
A 2022 report by Consumer Reports highlights that electric ranges typically outshine gas models in key cooking performance areas, such as high and low heat, with nearly half of electric smooth top ranges earning excellent ratings-none for gas. While gas ranges excel in baking, electric models take the lead in broiling, with over half receiving very good ratings. This performance disparity, alongside growing concerns about health risks and environmental issues related to gas stoves, such as methane emissions, is driving a consumer shift toward electric ranges. As awareness of these concerns increases, the electric ranges industry is poised for substantial growth.
The Asia Pacific electric ranges market is projected to grow at a CAGR of 8.2% from 2024 to 2030, fueled by rapid urbanization and increasing disposable incomes in key countries like India and China. As more households gain access to electricity and modern cooking appliances, the demand for electric ranges continues to rise. Furthermore, a heightened awareness of energy efficiency and environmental issues is encouraging consumers in these regions to transition from traditional cooking methods to electric options, enhancing the appeal of electric ranges in the market.
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Electric Ranges Market Report Highlights
Electric Ranges Market Segmentation
Grand View Research has segmented the global electric ranges market on the basis of product, application, distribution channel, and region:
Electric Ranges Product Outlook (Revenue, USD Billion, 2018 - 2030)
Electric Ranges Application Outlook (Revenue, USD Billion, 2018 - 2030)
Electric Ranges Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
Electric Ranges Regional Outlook (Revenue, USD Billion, 2018 - 2030)
List of Key Players in the Electric Ranges Market
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/electric-ranges-market-report
Wheat Market Growth & Trends
The global wheat market size has been estimated to reach USD 270.88 billion by 2030 and is anticipated to expand at a CAGR of 4.28% from 2024 to 2030, according to a new report by Grand View Research, Inc. A rapid shift in dietary preferences and fast-evolving consumption habits are playing a pivotal role in the rising demand for organic food products, thereby intensifying the global requirement for wheat. Additionally, the increasing popularity of processed and convenient foods is fueling the demand for wheat-based products, leading to a surge in global wheat production.
Conventional wheat accounted for a dominant market revenue share in 2023. The production of this type of wheat depends on the use of synthetic fertilizers and pesticides to achieve higher yields, effectively meeting the growing global wheat demand. Furthermore, the established supply chain present in conventional wheat farming ensures efficient distribution and widespread market access for wheat products.
The B2B segment held a dominant market share in 2023. This sector holds significance, particularly in facilitating transactions related to the production of food and beverage items. Within this space, the food and beverages industry is playing a pivotal role in driving growth, given that wheat serves as a fundamental ingredient for a variety of food products, including pasta, bread, pastries, and breakfast cereals. Food processing facilities, such as bakeries, actively participate in B2B relationships to ensure a reliable and high-quality supply of essential ingredients.
Asia Pacific accounted for the largest share of the global market. The animal husbandry sector in the region is one of the key contributors, as it extensively utilizes wheat as a crucial ingredient in livestock feed. It serves as a valuable energy source for poultry, cattle, and swine. Livestock farmers and feed producers rely on wheat to formulate well-balanced and nutritious animal feed. The Asia-Pacific region, boasting a flourishing poultry and dairy industry, is experiencing market growth driven by an increasing demand for wheat in poultry feeds.
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Wheat Market Report Highlights
Wheat Market Segmentation
Grand View Research has segmented the global wheat market on the basis of nature, end-user, and region:
Wheat Nature Outlook (Revenue, USD Million, 2018 - 2030)
Wheat End-user Outlook (Revenue, USD Million, 2018 - 2030)
Wheat Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players in the Wheat Market
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/wheat-market-report
Soup Market Growth & Trends
The global soup market size is expected to reach USD 26.21 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing demand for processed, ready to eat, and packed food and increasing women workforce are expected to increase the market demand in the upcoming years. In addition, increase in disposable income and changing consumer lifestyle in emerging economies including China and India are anticipated to increase the demand for soups.
Consumption of canned and dried soup products is increasing in North America and Europe, on account of continuous product innovation as per customer behavior and preferences. In addition, growing economic independence among women is increasing the consumption of packed and processed food products in the developed countries.
Soup being a healthy source of vitamins, minerals, nutrition, and protein serves as a prominent replacement for home cooked food. Therefore, this evolution in the working population is anticipated to significantly influence the demand for soup in future. Demand for soups in restaurants, food outlets, and food joints is expected to acquire a small market share due to growing consumer preference for ready to eat products and rising inclination towards healthy food habits.
Continuous use of cornstarch and salt in canned and dried soup products is expected to act as a restraining factor in the global market. High consumption of corn starch can lead to several health issues like increased level of blood sugar and blood pressure. However, continuous product development by companies such as Campbell Soup Company, which provides new flavors like roasted red pepper and tomato, butternut squash and sweet potato, and harvest carrot and ginger, is expected to influence the buying behavior of the younger population across the globe. The market leaders are focusing on developing new flavors and products in order to make their style statement in the market.
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Soup Market Report Highlights
Soup Market Segmentation
Grand View Research has segmented the global soup market on the basis of on product, distribution channel, and region:
Soup Product Outlook (Revenue, USD Million, 2018 - 2030)
Soup Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Soup Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players in the Soup Market
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/soup-market
Opioids Market Growth & Trends
The global opioid market size is expected to reach USD 25.3 billion by 2030, registering a CAGR of 1.4% during the forecast period, according to a new report by Grand View Research, Inc. Supportive regulatory policies aid manufacturers to introduce products that may contribute to the market growth. For instance, in June 2021, the U.S. FDA approved nalmefene hydrochloride injection developed by Purdue Pharma L.P.Nalmefene injectable is an opioid antagonist designed to reverse opioid overdose. The expected approval of a product is anticipated to drive the growth.
Moreover, in June 2021, morphine sulfate tablets and morphine sulfate oral solution were approved by FDA for the management of severe pain in pediatric and adult patients for whom other treatment options were less. Thus, approval of new opioid and their launch is also expected to drive the growth.
Growing use of the opioids for the management of post-operative pain, caused due to the surgeries, is expected to drive the market growth. According to the Canadian Centre on Substance Use and Addiction, in 2020, approximately 11.8% of all the population used opioid analgesics for the management of symptoms. Tramadol and codeine are frequently dispensed for the postoperative opioid prescription in surgeries within the region.
Emergence of non-addictive alternative products to opioids for the pain-management leads to decline in the growth of opioid market. According to American Society of Anesthesiologists, there are several non-opioid medicines that are available over the counter steroids and NSAIDs such as aspirin, ibuprofen, and acetaminophen among others. Furthermore, wide availability and low cost associated with these drugs contribute to increase in demand for such products during the forecast period. For instance, aspirin cost USD 10 for a pack of 30 tablets.
In addition, in February 2022, the U.S. FDA has undertaken an initiative to encourage the development of non-addictive analgesics alternatives to opioids under its HHS overdose prevention strategy for the management of acute and chronic pain. The regulatory agency issued recommendation to pharmaceutical companies to develop non-opioid analgesic products. Such initiatives may restrain the overall growth of the opioids market.
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Opioids Market Report Highlights
Opioids Market Segmentation
Grand View Research has segmented the global opioid market based on product, application, route of administration, distribution channel, and region:
Opioids Product Outlook (Revenue, USD Million, 2018 - 2030)
Opioids Application Outlook (Revenue, USD Million, 2018 - 2030)
Opioids Route of administration Outlook (Revenue, USD Million, 2018 - 2030)
Opioids Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Opioids Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players in the Opioids Market
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/opioids-market
Clear Whey Protein Market Growth & Trends
The global clear whey protein market size is estimated to reach USD 4.25 billion in 2030, exhibiting a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Clear whey protein has gained popularity due to its unique characteristics that set it apart from traditional whey protein powders. Unlike milky protein powders, clear whey protein offers a refreshing and transparent alternative that appeals to consumers seeking lighter and more easily digestible options. This innovation in product formulation has been a significant driver in expanding the market's appeal across various consumer demographics.
The growing awareness and emphasis on health and fitness among consumers worldwide is expected to further drive the adoption of clear whey protein during the forecast period. With an increasing number of individuals adopting active lifestyles and prioritizing wellness, protein supplements have become essential for supporting muscle recovery, enhancing performance, and meeting dietary goals. Clear whey protein, with its high protein content and minimal calories, aligns well with these health-conscious trends, offering a convenient solution for consumers aiming to maintain or improve their fitness levels.
The rise of e-commerce and online retail has significantly influenced the distribution and accessibility of clear whey protein products. Consumers can now easily compare products, read reviews, and make informed purchasing decisions from the comfort of their homes. Furthermore, in the United States and Canada, a strong culture of fitness and wellness drives demand for high-quality protein supplements like clear whey protein. Consumers in these markets are often early adopters of new health trends and innovations, which is further expected to augment the market during the forecast period.
Major players in the market include Optimum Nutrition; MuscleTech; BSN (Bio-Engineered Supplements and Nutrition); Dymatize Nutrition; Myprotein; Cellucor; MusclePharm; Universal Nutrition; BPI Sports; and Evlution Nutrition. Manufacturers within the market are actively engaged in continuous product innovation and development to meet consumer demands and preferences. This includes introducing new flavors, enhancing taste profiles, improving solubility, and incorporating natural ingredients. By catering to diverse consumer tastes and preferences, manufacturers not only expand their product offerings but also enhance the overall sensory experience of consuming clear whey protein, thereby further driving market growth.
Myprotein, a leading sports nutrition brand, has successfully capitalized on the growth of the sports nutrition market by launching its Clear Whey Isolate in various flavors. The product has been well-received due to its high protein content, light texture, and appealing taste. Myprotein's strategic marketing efforts, including collaborations with fitness influencers and targeted advertising campaigns, have further boosted the product's popularity. Thereby further driving the market growth during the forecast period.
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Clear Whey Protein Market Report Highlights
Clear Whey Protein Market Segmentation
Grand View Research has segmented the global clear whey protein market based on product, distribution channel, and region:
Clear Whey Protein Product Outlook (Revenue, USD Million, 2018 - 2030)
Clear Whey Protein Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Clear Whey Protein Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players in the Clear Whey Protein Market
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/clear-whey-protein-market-report
Commercial Cleaning Products Market Growth & Trends
The global commercial cleaning products market size is expected to reach USD 202.32 billion by 2030, growing at a CAGR of 7.91% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapid and increasing urbanization across developing economies is a prominent factor leading to a positive market scenario for commercial cleaning products. In line with this, growing investments by countries in constructing office buildings, hotels, retail stores, malls, hospitals, and other commercial infrastructure will result in the subsequent demand for various types of cleaning products.
Moreover, a large variety of surface tops are being introduced, including natural stones, solid surfaces, engineered stones, concrete, ceramic tiles, laminates, wood, and glass, and these are gaining popularity across sectors. Different surface materials require different cleaning solutions. This scenario is expected to result in the growing adoption of different surface cleaners over the forecast period.
In addition, during the forecast years, cleaning products that act as disinfectants and sanitizers are likely to see a significant increase in demand from well-publicized epidemics, such as the Ebola virus, swine flu, and most recently the Zika virus, which can spread more rapidly across the world. Consequently, healthcare facilities, hotels, tourist destinations, offices, and educational institutions are witnessing rising applications of these products.
Furthermore, there has been a paradigm shift in terms of economic growth from the West to potential emerging markets in the past decade. This has substantially increased the growth of new businesses across the globe. Regions with prominent developing countries, such as Asia Pacific, have seen decent economic growth owing to improved infrastructure and lighter regulations.
Asia Pacific is one of the key markets. The highly populated region witnesses a significant demand for household and commercial cleaning products. China leads regional production, followed by Japan and India. Environmental concerns related to the use of harmful chemicals have led consumers in these economies to shift toward natural cleaning alternatives. Consequently, local manufacturers are responding to this trend by introducing eco-friendly products.
One key opportunity lies in emerging markets in Asia Pacific, such as India, China, Indonesia, and Thailand, where rapid urbanization and rising disposable income is creating a promising demand for cleaning products. As more people in these regions gain access to modern facilities and services, the need for hygiene products expands. In addition, the ongoing focus on health and wellness provides an opportunity for companies to develop specialized cleaning and hygiene products targeting markets such as healthcare and food service.
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Commercial Cleaning Products Market Report Highlights
Commercial Cleaning Products Market Segmentation
Grand View Research has segmented the global commercial cleaning products market on the basis of application, end-use, and region:
Application Outlook (Revenue, USD Billion, 2018 - 2030)
End-use Channel Outlook (Revenue, USD Billion, 2018 - 2030)
Regional Outlook (Revenue, USD Billion, 2018 - 2030)
List of Key Players of the Commercial Cleaning Products Market
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/commercial-cleaning-products-market-report