Global shoe deodorizer market is anticipated to witness an exponential growth in the forecast period. Shoe deodorizer used to ward off unpleasant foot odor, and mainly applied inside shoes. Shoe deodorizer plays a significant role in regulating feet perspiration and offers a fresh and pleasant aroma throughout the day.

The factors that propel the growth of the market include enhanced standard of living, surge in R&D/Innovation pace, rising fashion awareness among consumers, the surge in consumers’ spending in the developed and the developing countries, and development in consciousness among customers about the convenience and advantages of shoe deodorizers. On the other hand, there are factors that may hamper the growth of the market including the availability of counterfeit products.

Shoe deodorizer market is anticipated to expand at a significant CAGR of 7.56% in the upcoming period as the scope, product types, and its applications are increasing across the globe. The new trend in the market that are likely to drive the growth of the shoe to deodorize market are the growth of medicated and natural foot care market. While buying shoe deodorizers, a customer looks for products that are alcohol-free, safe from chemicals and harmless. Chemical-laden and unsafe shoe deodorizers can cause fungal or bacterial infection.

Therefore, there is an increasing shift toward medicated shoe deodorizers. These products defend the user's skin from bacterial and fungal infections. Marketers are now adding natural ingredients like vital oils to surge the appeal and offer different perfume to neutralize and give a better odor to the shoes. This shift toward medicated and natural ingredients will benefit open new aspects for the development of the shoe deodorizer market.

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Market could be explored by product type, end user, and geography. Market could be explored by product type as Sprays, Balls, Ultraviolet (UV), Powders, and Insoles Deodorizers. The “Sprays Deodorizer” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the market includes rising demand for sprays and increasing product inventions in this segment over the forecast period. Based on end user, the market could span Non-athletes and Athletes. Based on the end-use channels, shoe deodorizer could be classified into supermarkets and hypermarkets drug stores, among several others.

North America accounted for the major share of the shoe deodorizer market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include progress in shoe deodorizer utility in diabetic and in hyperthyroidism patients, increasing hygiene and health concerns, and increase in disposable income in the developing economies, such as Japan, China, and India. The North American region is followed by Asia-Pacific region owing to increasing customer demand for personal care products in this region.

Some of the key players that fuel the growth of the shoe deodorizer market comprise Guangzhou Bubujie Household Products Co. Ltd., Chattem, Inc., Reckitt Benckiser Group plc. S.C. Johnson & Son, Inc., Rocket Pure, Zoshin Co. Ltd., Shenzhen Chunwang Environmental Protection Technology Co. Ltd., Blistex Inc., Stink BOSS, and Merck & Co., Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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07 June 2019, The global cheque scanner market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the rising demand from government as well as commercial sector. Rapid technological advancement in the banking and finance sector is key aspect for robust market growth of cheque scanner industry. Rise in number of banks, financial institutions coupled with advent of digital banking are expected to drive the growth of cheque scanner market over the forecast period. Globally, market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of cheque scanners.

Cheque scanner offers a quality scanning at high speed. Incorporation of card scanning function that allows simple ID authentication, particularly at front counter is anticipated to boost market demand over the coming years. Card scanning function is used at backend processes for better operational efficiency. In addition, adopting of high-end technology with high-speed scanning rate is expected to favor market growth in the upcoming years. Development of in-built ID card feeder and an advanced color imaging sensor has led to substantial improvement in performance of cheque scanners.

Integration of highly precise MICR (Magnetic Ink Character Recognition) features to improve character recognition thus reducing scanning errors is amplifying market value of the product in the past few years. Use of high quality UV sensors that are capable of scanning anti-fraud patterns with UV ink is expected to enhance security of the device.

The cheque scanner market is broadly categorized into two major segments based on the product type such as single feed cheque scanner and multi feed cheque scanner. Multi feed cheque scanner segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of multi feed cheque scanner segment is attributed to the rising product penetration in the market and cost effectiveness.

The cheque scanner market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in BFSI (banking, financial service & insurance) industry, surge in number of research & development activities and existence of well-established IT infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth due to the rising product penetration and growing preference towards digital banking solutions.

Asia-Pacific region is estimated to hold a major share in the cheque scanner industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid technological advancement in banking & financial sector, increasing number of banks across the region, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the cheque scanner market are Canon Pvt., Ltd., CTS electronics S.p.A., Digital Check Corp., Ernst Reiner GmbH & Co., KG, Panini S.p.A., and Seiko Epson Corp.

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03 June 2019, The global RTA (ready-to-assemble) furniture market is expected to display higher growth rate over the forecast period. Rapid surge in the market growth is credited to the growth in residential housing sector. Rise in number of online distribution channels and increasing product penetration are expected to drive the growth of the market over the forecast period. Increasing demand for RTA furniture, particularly in Asia-Pacific region is credited to the massive boom in commercial as well as residential housing sector and ever-growing population.

Globally, market is predicted to generate massive revenue in the upcoming years, providing numerous opportunities for industry participants to invest in research and development of RTA (ready-to-assemble) furniture.

Factors responsible for sustained growth of ready-to-assemble furniture market include rising per capita income, growing awareness level regarding online retail platforms and declining cost of raw materials. Increasing adoption of RTA (ready-to-assemble) furniture from commercial sector to enhance workplace comfort for employees, thus improving organizational productivity, is expected to fuel industry growth over the coming years. RTA (ready-to-assemble) furniture is considered as a key aspect for home automation, thereby generating several growth opportunities for industry players.

However, lack of awareness among general population, particularly in developing and underdeveloped economies is expected to limit market growth to a certain extent. Additionally, higher initial cost and relatively new concepts of RTA (ready-to-assemble) furniture are the key challenges for smart furniture market, thus delaying its effective adoption. Complexity associated with design of RTA (ready-to-assemble) furniture in comparison with traditional furniture, is further slowing the market progress.

The RTA (ready-to-assemble) furniture market is broadly categorized into three major segments based on the product type such as residential RTA (ready-to-assemble) furniture, office RTA (ready-to-assemble) furniture and commercial (Shop, Hotels, and etc.) furniture. Residential RTA (ready-to-assemble) furniture segment is growing rapidly in the RTA (ready-to-assemble) furniture with substantial revenue generation in the last few years. Growing popularity of residential RTA (ready-to-assemble) furniture segment is attributed to the booming residential housing sector and rising per capita income.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in housing sector, surge in number of research & development activities and existence of well-established infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth due the growing housing market and increasing per capita income.

Asia-Pacific region is estimated to hold a major share in the RTA (ready-to-assemble) furniture market with massive growth in forecast period. Countries such as India, China and Singapore are leading Asia-Pacific market with increasing infrastructural activities, booming online retail sector, rising disposable income and significant investments by leading industry players considering potential growth opportunities in the region.

The key players in the RTA (ready-to-assemble) furniture market are INGKA Holding, Pioneer Corp., Bush Industries, Inc., Ashley Furniture Industries, Inc., Godrej Interio, Inc., Dorel Industries, Inc., Sauder Woodworking Co., Alphason Ltd., Steinhoff International Holdings N.V., Artiva USA LLC, and Cost plus World Market Group.

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03 June 2019, Global sauces and condiments market is anticipated to witness an exponential growth in the forecast period. Sauces and condiments are foodstuffs that are served with or used to impart particular flavor, spice and improve taste of a dish or food. Most promising feature of these products is to make even a simple restaurant made or homemade food attractive and tastier.

The factors that propel the growth of the market include rising health concerns among the customers, changing lifestyle, rising disposable income, acceptance of multi-cuisine cooking, growing acceptance of international cuisines among consumers across the globe and growing demand for ethnic and spicy food. On the other hand, there are factors that may hamper the growth of the market including hike in the transportation cost and increasing raw material costs. Sauces & condiments market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The emerging trend in the Sauces and condiments market is the growing demand for organic and gluten-free sauces. People are progressively becoming health-conscious and therefore, avoid consuming food that harmfully disturbs their health. Driven by a health-focused approach, people are also accepting a gluten-free diet and evading ingesting of artificial additives and inherently modified organisms (GMOs).

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Sauces & condiments market could be explored by type, applications, end user, distribution channel and geography. Market could be explored by type as Cooking Ingredients, Table Sauces, Dips, Pastes, Pickled Products, Purees, and Others. The “Table Sauces” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes high demand and presence of variety of table sauces.

Market by application could span Snacks, Barbecue, Hot pot, and Other. Based on end user, the market could span fast food chains, restaurants, and others. The market could be explored based on distribution channel as Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, and Others (internet retailers, mixed retailers, and non-grocery specialists).

Asia-Pacific accounted for the major share of the sauces & condiments industry in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rapidly emerging fast food industry and rising number of restaurants in its major markets such as China, India, and Thailand. Furthermore, growing number of foreign travelers in these countries.

Some of the key players that fuel the growth of the sauces & condiments market comprise Del Monte Foods Inc, Conagra Brands Inc, The Kraft Heinz Company, Bolton Group, General Mills Inc, Kikkoman Corporation, Tas Gourmet Sauce Co., Unilever Group, McCormick & Company Incorporated, and Nestle SA. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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