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With reference to the report published, the global pea protein market was prized by USD 213.1 million in 2020. It is estimated to witness 12.7% CAGR from 2021 to 2028. The expansion of the market for pea protein, is impelled by the increasing demand for the product, due to rising wakefulness of the customer about the expenditure of a nourishing diet and most important, a dynamic everyday life.
Additionally, rising modernization of the product, which execute particular functions, together with muscle repair, energy balance and weight loss, is estimated to generate enormous market prospective. The protein is taken out from a range of pea varieties, together with green, dry, and chickpeas, obtainable in isolate, textured and concentrate type.
The global handheld marijuana vaporizer market size was valued at USD 9.90 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2021 to 2028. Rising consumption of marijuana as a result of increased awareness about its benefits in the treatment of neurological disorders is expected to have a positive impact on industry growth. The vaporizer is a battery-operated device designed to heat concentrates and cannabis.
The global swimming pool alarms market size was valued at USD 122.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2021 to 2028. Increasing awareness towards human safety of under-waterand swimming pool premises is expected to promote the market reach over the next few years.
The global rainwear market size was valued at USD 886.4 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. The increasing working-class population in emerging economies is expected to drive demand for rainwear. According to a survey carried out by Pew Research Center in 2021, the middle-class population was 90 million in 2020. Thus, the working class's spending power is estimated to increase over the forecast period.
The global luxury handbag market size was valued at USD 62.30 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. The market is driven by the introduction of multipurpose or convertible handbags from various players in the market and increasing product innovation. The increasing working women population worldwide is the major factor boosting market growth over the forecast period.
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