Month: January 2024

Press release – Paris, January 2, 2024 Danone announces the sale ofHorizon Organic and Wallaby businesses in the U.S. Danone announces today it has signed an agreement to sell its premium organic dairy activity in the U.S. to Platinum Equity, a US-based investment firm. The sale is part of Danone’s portfolio review and asset rotation program the company announced in March 2022, as part of its Renew Danone strategy. In 2022, the US premium organic dairy activity, comprised of the Horizon Organic and Wallaby businesses, represented approximately 3% of Danone’s global revenues and had a dilutive impact on Danone’s like-for-like sales growth and recurring operating margin. Danone will retain a non-consolidated minority stake in the business. The closing of the transaction is subject to customary conditions. Antoine de Saint-Affrique, Chief...

Rising demand for AI and big data technologies to enhance overall efficiency in food production and distribution is one of the major factors driving AI and big data in food market revenue growth Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global AI and big data in food industry market size was USD 6.86 Billion in 2022 and is expected to register a steady revenue CAGR of 44.4% during the forecast period, according to latest analysis by Emergen Research. Rising demand for AI and big data technologies to enhance overall efficiency in food production and distribution is the primary factor driving market revenue growth. AI assists food producers in anticipating and predicting customer reactions to new flavors and helps in developing food according to the client preferences. Food business utilizes big data analytics to analyses consumer...

Increasing crop and agricultural yields is one of the major factors driving specialty tractors market revenue growth Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global specialty tractors market size was USD 3.80 Billion in 2022 and is expected to register a steady revenue CAGR of 3.4% during the forecast period, according to latest analysis by Emergen Research. Increasing crop and agricultural yields and rising demand for high-efficiency equipment in agriculture to enhance productivity and reduce labor costs are primary factors driving market revenue growth. Specialty tractors are built for certain tasks and includes a wide range of tractor types, each designed for a specific use. These tractors allow farmers to cover larger areas in short time span, which lead to higher yields and more efficient use of resources. In addition,...

Increasing emphasis on maintaining a healthy lifestyle and gamification in fitness and technological advancements and innovations associated with wearable devices are key factors driving Fitness App Market revenue growth Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global fitness app market size was USD 8.21 Billion in 2022 and is expected to register a rapid revenue CAGR of 17.3% during the forecast period.  In a dynamic landscape where health and technology converge, the global fitness app market is experiencing robust growth, driven by the integration of Artificial Intelligence (AI), Internet of Things (IoT), and Machine Learning (ML) technologies. Small, specialized programs designed to motivate users during various physical activities, such as running, walking, cycling, and more, are witnessing a surge in demand. Companies...

Rising demand for expandable microspheres from the construction industry and need for lightweight microspheres in automotive industries and increasing global adoption of microspheres in packaging innovations and prevalence of minimally invasive surgeries are key factors driving Expandable Microspheres Market revenue growth Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global expandable microspheres market size was USD 626.7 Million in 2022 and is expected to register a rapid revenue CAGR of 8.9% during the forecast period.  In a recent market research report, the global expandable microspheres market is witnessing significant growth, driven by their lightweight properties and versatile applications in industries such as automotive, construction, sports, leisure, and consumer goods. The demand for expandable microspheres is expected...

Growing adoption in construction industries and inclining awareness regarding fitness and popularity of outdoor sports are some of the factors expected to drive Waterproof Breathable Textile market revenue growth Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global waterproof breathable textile market size was USD 1.95 Billion in 2022 and is expected to register a revenue CAGR of 5.2% during the forecast period. The surge is attributed to the escalating demand in the sportswear and activewear industry, increased adoption in construction, and a growing awareness of fitness and outdoor sports. Waterproof breathable textiles, known for shielding against rain, snow, and wind, are integral in various applications, including garments, footwear, gloves, and protective clothing. Industry Dynamics The sportswear and activewear sector,...

Rising demand for ethylene glycol from the textile and Polyethylene Terephthalate (PET) resin product industries and increasing adoption of bio-based ethylene glycols and ethylene glycol in industrial applications are key factors driving ethylene glycol market revenue growth. Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global ethylene glycol market size was USD 16.74 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.2% during the forecast period. Key drivers include the escalating demand from textile and Polyethylene Terephthalate (PET) resin industries, coupled with the growing adoption of bio-based ethylene glycols and ethylene glycol in diverse industrial applications. Ethylene glycol, a high-productive volume chemical, plays a vital role in various high-tech industries such as textile, packaging, automotive,...

Increasing favorable governmental directives and regulations in the forestry sector is one of the major factors driving Forestry Equipment Aftermarket Market revenue growth Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global forestry equipment aftermarket market size was USD 305.6 Million in 2022 and is expected to register a steady revenue CAGR of 3.9% during the forecast period, according to latest analysis by Emergen Research. Increasing favorable government directives and regulations in the forestry sector is the primary factor driving market revenue growth. Aftermarket parts for forestry equipment fulfill the sealing and insulating requirements set by Original Equipment Manufacturers (OEMs). Aftermarket heavy equipment parts are more affordable, hence as a result helps to reduce overhead costs. Manufacturers of forestry...

Rising demand for advanced aiming solutions in defense and military applications is one of the major factors driving Red Dot Sight market revenue growth Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) — The global red dot sight market size was USD 59.8 Million in 2022 and is expected to register a steady revenue CAGR of 5.0% during the forecast period, according to latest analysis by Emergen Research. Rising demand for advanced aiming solutions in defense and military applications is the primary factor driving market revenue growth. A red dot sight is a weapon optic that projects a brilliant dot-shaped reticle at 1x magnification and provides a clearer field of view and a more exact point of aim. In addition, rising number of companies launching new red dot sight products is another key factor driving revenue growth of the market. For...