Catering Market – Bon Appetit Online http://bonappetitonline.com/ Mon, 08 Aug 2022 02:56:28 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://bonappetitonline.com/wp-content/uploads/2021/05/bon-appetit-online-icon-150x150.png Catering Market – Bon Appetit Online http://bonappetitonline.com/ 32 32 With 50,000 users, fintech startup muvin helps children and young adults gain financial independence https://bonappetitonline.com/with-50000-users-fintech-startup-muvin-helps-children-and-young-adults-gain-financial-independence/ Mon, 08 Aug 2022 01:51:00 +0000 https://bonappetitonline.com/with-50000-users-fintech-startup-muvin-helps-children-and-young-adults-gain-financial-independence/

Teen-focused pocket money, digital finance, and neo-banking apps have been all the rage in the fintech industry over the past year. New companies are springing up every month to cater to this previously untapped target market, and the core of their genesis seems to be singular: financial inclusion.

While many fintech companies cater to the adult population, as well as geographically marginalized sections of India, there are very few opportunities for teenagers to explore finance. Prior to the proliferation of teen-focused financial platforms, most of the exposure teens had to fund was through banks that allowed them to open bank accounts run mostly by parents, or physical currency.

Vineet Gupta and Mukund Raowho both have teenage children, have struggled with the existing system.

“Our children’s underage bank accounts, through which we gave them pocket money, presented multiple challenges – from openness to being able for our children to use it freely, given the restrictions on ATMs or debit cards,” says Vineet. Your story.

When the duo assessed the situation on the ground, they realized that while the addressable market (TAM) was large, there were only a handful of platforms available that catered to teens.

They put in place muvina focused teenager pocket money app for college students and teens, which aims to make students financially savvy, teach them money management skills, and remove the complexities of “finance.”

“muvin’s vision is to improve the financial literacy of India’s 200 million young people while providing them with financial products tailored to their needs,” says Mukund.

The startup raised $3 million in a pre-Series A round led by WaterBridge Ventures in January this year, after raising more than $1.5 million in seed round from HNIs nationwide.

Although the youth-focused fintech space has yet to be fully leveraged as it is still in its infancy and growing, the sub-sector has disrupted fintechs in India, capturing a market that very few address themselves. India’s fintech sector is expected to touch the market size of $150-160 billion by 2025, according to a report by MAAS.

What he does

Bengaluru-based Muvin is a downloadable app that can be used by both parents and children. Parents need to download the app, create profiles for their kids, and then give them access.

Parents can use the app to transfer spending money, set tasks, and pay upon completion of each task, and can also track their children’s expenses.

Teens using the app, on the other hand, can spend money offline and online through a physical and virtual debit card. UPI and QR based payments are available for those who do full KYC. Users can also create savings goals for wishlist items and invest money in them each month.

The startup, like most in its industry, including FamPayand junioroffers short educational videos and written content to teach teens and children about finance and the practices associated with managing money, such as saving, investing, and taxes.

Vineet says that while muvin’s target audience is the 10-24 age group, anyone can use the platform.

“We believe the educational content we offer is relevant not only to our immediate target audience, but to anyone looking to start their journey in understanding basic finance,” he says.

business model

The startup currently does not charge users anything to access the platform; instead, it makes money from interchange fees incurred by merchants for card transactions.

Fampay, arguably the biggest player in the industry right now, has an e-commerce platform tailored to its target market, namely children, which is also a source of income for the startup, aside from interchange fees.

In terms of revenue, Mukund says, “We are hitting the expected numbers,” but did not further disclose exact counts. He added that the app currently has three lakh installs, with 80,000 active wallets that have done their KYC.

In total, the application has 50,000 users. Fampay has passed one million users, while Junio ​​has around half a million.

The startup says it aims to expand to one million users over the next 12 months and may raise additional capital this year to achieve scale.

]]>
Those who invested in Indian Railway Catering & Tourism (NSE:IRCTC) a year ago grew by 30% https://bonappetitonline.com/those-who-invested-in-indian-railway-catering-tourism-nseirctc-a-year-ago-grew-by-30/ Sat, 06 Aug 2022 02:48:50 +0000 https://bonappetitonline.com/those-who-invested-in-indian-railway-catering-tourism-nseirctc-a-year-ago-grew-by-30/

These days, it’s easy to just buy an index fund, and your returns should (roughly) match the market. But investors can boost returns by choosing companies that beat the market to own stocks. For example, the Indian Railway Catering & Tourism Corporation Limited (NSE: IRCTC) The stock price has risen 29% over the past year, clearly outperforming the market yield of around 7.0% (excluding dividends). This should therefore make shareholders smile. Indian Railway Catering & Tourism hasn’t been listed for a long time, so it’s not yet clear if it’s a long-term winner.

Let’s take a look at the longer term underlying fundamentals and see if they have been consistent with shareholder returns.

See our latest analysis for Indian Railway Catering & Tourism

To quote Buffett, “Ships will circumnavigate the globe, but the Flat Earth Society will prosper. There will continue to be wide gaps between price and value in the market…’ By comparing earnings per share (EPS) and share price changes over time, we can get an idea changes in investors’ attitude towards a company over time.

Indian Railway Catering & Tourism was able to increase EPS by 255% in the last twelve months. This EPS growth is significantly higher than the 29% increase in share price. So it looks like the market has cooled down on Indian Railway Catering & Tourism, despite the growth. Interesting. That said, the market remains bullish given the P/E ratio of 77.43.

The graph below illustrates the evolution of EPS over time (reveal the exact values ​​by clicking on the image).

NSEI: IRCTC Earnings Per Share Growth, August 6, 2022

It’s probably worth noting that the CEO is paid less than the median at companies of a similar size. But while it’s still worth checking out CEO compensation, the really important question is whether the company can increase its profits in the future. It might be interesting to take a look at our free Indian Railway Catering & Tourism earnings, revenue and cash flow report.

A different perspective

It’s nice to see that Indian Railway Catering & Tourism shareholders have gained 30% over the past year, including dividends. We regret to report that the share price is down 8.8% over ninety days. Short-term stock price fluctuations often mean little to the company itself. It is always interesting to follow the evolution of the share price over the long term. But to better understand Indian Railway Catering & Tourism, we need to consider many other factors. Take for example the ubiquitous specter of investment risk. We have identified 1 warning sign with Indian Railway Catering & Tourism, and understanding them should be part of your investment process.

Sure, you might find a fantastic investment by looking elsewhere. So take a look at this free list of companies that we believe will increase their profits.

Please note that the market returns quoted in this article reflect the average market-weighted returns of stocks currently trading on IN exchanges.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

]]>
Aurora Mobile partners with Spring Airlines to help the https://bonappetitonline.com/aurora-mobile-partners-with-spring-airlines-to-help-the/ Thu, 04 Aug 2022 09:00:00 +0000 https://bonappetitonline.com/aurora-mobile-partners-with-spring-airlines-to-help-the/

SHENZHEN, China, Aug. 04, 2022 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement services and marketing technology in China, today announced that it has entered into a partnership agreement with Spring Airlines to provide push notification services to the airline.

Based in Shanghai, Spring Airlines is one of China’s premier private airlines with over 320 domestic and overseas routes. The Spring Airlines application provides users with various services, including flight ticket booking, hotel booking, flight status inquiry, value-added service purchase, online check-in, selection online seat management, ticket verification, flight cancellation and change, airport assistant, taxi booking. as well as other services. Aurora Mobile’s push notification solution, JPush, will deliver accurate and instant push notifications of travel-related information to Spring Airlines users, helping them make or change their travel plans, and reminding them of on-time schedules. timely.

JPush’s Accurate and Instant Push Notification Solutions Help Spring Airlines Improve Operational Efficiency and Reduce Costs

Spring Airlines attaches great importance to operational efficiency. In order to continuously improve the daily utilization rate of aircraft and attract passengers, Spring Airlines often provides discount air tickets to users. Using JPush’s user-defined label and alias system, Spring Airlines can seamlessly connect to JPush’s user network system to achieve accurate grouping of users, so messages about discounted tickets can be accurately transmitted to users.

Additionally, JPush provides message delivery with millisecond push speed. It fully supports various operating systems, including Android, iOS, HarmonyOS, QuickApp and WinPhone, and is compatible with JPush channels, APNs (Apple Push Notification service), FCM (Firebase Cloud Messaging) and messaging channels System-level push of various mobile brands. such as Huawei, Xiaomi, OPPO, VIVO, Meizu and ASUS, helping customers improve their message delivery rate. With the application of JPush, Spring Airlines’ message delivery rate has improved significantly. This has significantly reduced the additional costs caused by resending the SMS message due to low message delivery rates.

In addition, the launch of discount air tickets is very urgent. Since the number of discounted tickets is usually limited, delivery delays create a bad experience when users receive the promotion message but find that the discounted tickets have already been sold. JPush supports one-click message removal to avoid passing invalid ticket messages to users.

The advanced technology of JPush ensures the security and stability of the services.

Spring Airlines has always been focused on meeting the needs of its passengers. Besides flight ticket booking services, Spring Airlines app covers comprehensive services including check-in, baggage service, seat selection, insurance, catering, pick-up and drop-off at the airport, the airport VIP lounge service, as well as information on destinations, weather, travel topics and more. This requires JPush to be able to secure stable push messaging in complex environments and JPush performed very well in meeting the client’s needs.

First of all, JPush supports various formats of notifications including notification bar, large text, large image, notification drawer, full screen notification, stream, popup and formats personalized. It can send different formats of notifications according to different airline messaging scenarios, effectively improving user interest and click-through rates.

Second, JPush has undergone six major tests during the development process, including no-load traffic, no-load power consumption, online reliability, concurrency capability, service stability, and network robustness tests. network. JPush’s proven architecture with tens of billions of daily visits supports and ensures the stability of the push notification service.

Third, JPush applies the 3DES+ dynamic key method at the protocol layer and uses two different sets of keys in the encryption process with a key length of 112 bits. This not only provides easy, fast and efficient push messaging services for Spring Airlines, but also ensures information security, greatly reducing the risk of information misappropriation, improving operational efficiency and saving time and labor costs. -work for the client.

Through this partnership, Aurora Mobile will leverage its vast experience and expertise accumulated over more than a decade in the mobile developer services industry to help Spring Airlines optimize user experience, improve loyalty and commitment of users, ultimately to strengthen its competitiveness in the market and ensure steady growth. Going forward, Aurora Mobile will continue to focus on customer needs and enhance product development and technology innovation to help businesses reach and engage users across all channels and support their digital transformation. with its AI and big data-driven marketing technologies.

About Aurora Mobile Limited

Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement services and marketing technology in China. Since its inception, Aurora has focused on providing stable and efficient email services to businesses and has become one of the leading mobile email service providers with its first mover advantage. With the growing demand for customer reach and marketing growth, Aurora has developed forward-looking solutions such as cloud messaging and cloud marketing to help businesses reach and engage with omnichannel customers, as well as technology solutions artificial intelligence and marketing tools based on big data to help digital business transformation.

For more information, please visit https://ir.jiguang.cn/

For more information please contact:

Aurora Mobile Limited
Email: ir@jiguang.cn

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
Email: eyuan@christensenir.com

In U.S
Mrs. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

]]> World Youth Skills Day and the Nigerian Labor Market (I) https://bonappetitonline.com/world-youth-skills-day-and-the-nigerian-labor-market-i/ Mon, 01 Aug 2022 01:10:05 +0000 https://bonappetitonline.com/world-youth-skills-day-and-the-nigerian-labor-market-i/

The United Nations General Assembly adopted a resolution in December 2014 designating July 15 as World Youth Skills Day to improve the socio-economic situation of young people and address the problems of underemployment and unemployment.

Since then, World Youth Skills Day activities have served as a forum for discussion between young people, technical and vocational education and training institutions, businesses, employers’ organizations, workers’ organizations, development partners and policy makers to also encourage the abolition of gender discrimination. .

The world celebrates World Youth Skills Day on July 15 with the theme “Transforming Youth Skills for the Future” to highlight the strategic value of equipping young people with the skills they need for employment, entrepreneurship and work.

This day focused on the crucial role that talented young people play in solving current and future global issues to provide the skills needed for self-employment.

In addition, it is easier for businesses and communities to meet the changing demands for skills that boost productivity and income levels. It also reduces the obstacles to professional integration through work-linked training while guaranteeing the recognition and certification of the skills acquired.

The acquisition of skills is one of the main pillars that helps people achieve their aspirations and provide for those who do not have the opportunity to work with public or private organizations with university degrees.

The Federal Government of Nigeria has implemented a skills acquisition program through the National Directorate of Employment (NDE). Vocational skills development, entrepreneurship development, agricultural skills training and public works programs were the four main areas of intervention that the NDE developed to create a large number of jobs for the unemployed.

The government has launched the National Youth Employment and Skills Program to encourage entrepreneurship. The program offers many opportunities to learn new skills including hairdressing, computer programming, makeup application, headwear making, fashion design, sewing, catering, appliance repair mechanical and electrical, furniture making and woodworking, tie-and-dye manufacturing and home. management. Skills acquisition is a proven method for significantly promoting economic development, reducing poverty, insurgency and crime rates, increasing the number of entrepreneurial jobs available, providing participants with experience and skills and raise their standard of living.

The government has worked tirelessly to provide young people and learners with technical and vocational skills through formal and informal channels in all states of the federation. They provide young people with the necessary tools, establishing technical colleges, polytechnics, monotechnics, vocational enterprise institutions, innovation enterprise institutions and model vocational training centers.

However, despite the awareness of World Youth Skills Day to boost self-employment and reduce unemployment in the country, Nigeria continues to experience rising unemployment and underemployment coupled with the growing population growth in the country. .

Nigeria’s population in 2020 was estimated at 206.1 million, which increased to 216.6 million in July 2022. The working-age population also maintained an upward trend. Nigeria’s working-age population grew from 116.8 million in June 2020 to over 122 million in December of the same year.

Read also: The group trains 1,500 young people in the opportunities of the digital economy

The Nigerian workforce comprises over 80 million people, of which almost 23 million people between the ages of 25 and 34 made up the majority of the labor force in 2020. The second most populous group, with almost 20 million of people, is those aged 35 to 44, and the third group is between the ages of 15-24, with nearly 17 million people in the labor force. There were about 13 million working people between the ages of 45 and 54, while people between the ages of 55 and 64 constitute more than 7 million of the entire working population.

Statistics also show that more than 300,000 young Nigerians enter the job market each month, 19% of whom are already mothers or pregnant with their first child.

Along the same lines, data from the National Bureau of Statistics shows that unemployment and underemployment rates in the country have continued to trend upwards. The unemployment rate rose to 33.3% in the fourth quarter of 2020 and the underemployment rate to 22.8%. Youth unemployment was 42.5% and youth underemployment stood at 21% in the country.

However, higher unemployment does not necessarily mean more job losses. Instead, an increase in unemployment can be caused by several factors, the loss of a current job being only one. An increase in unemployment usually indicates that more people are looking for work. This may be due to people who were not previously employed (such as students or unemployed housewives) deciding to enter the labor market and looking for work, or it may be due to people who were previously employed but are now looking for work.

Busayo Aderounmu is an economist and researcher.

]]>
Invitation to #Talkinboutthisgeneration at Coworth Park https://bonappetitonline.com/invitation-to-talkinboutthisgeneration-at-coworth-park/ Sat, 30 Jul 2022 02:23:43 +0000 https://bonappetitonline.com/invitation-to-talkinboutthisgeneration-at-coworth-park/

The H&C News Sustainability Roundtable, in partnership with Meiko UK – Let’s Talk About This Generation, chaired by Katherine Price, Sustainability Editor, H&C News

Image from Deloitte: talking about this generation

There are many compelling business reasons for the hospitality industry to embrace sustainability, with no real choice in the matter, making a place more attractive to consumers is another. Making your business attractive to Gen Z job seekers might be the most important of all.

For the first time since records began, the Office for National Statistics announced that there were fewer unemployed than vacancies. Job vacancies hit a record 1.3million from February to April as unemployment continued to fall to 3.7% – the lowest level seen since 1974.

So, in the labor market, the hotel industry will now have to compete more than ever with other industrial sectors for the same people.

Most vacancies in the hospitality industry could be categorized as “entry level” and as such open to virtually anyone who wants to learn the ropes of hospitality. Most open positions will see recruitment aimed at young people, but do we speak to young people in their language. The language of sustainability and diversity?

Let’s talk about this generation

Understanding how to communicate with this group starts with understanding what is important to them when considering their potential workplace. Fortunately, organizations like Deloitte have done a lot of research here, and if this is something you’re interested in, take a look at Deloitte’s report – ‘Understanding Generation Z in the Workplace’. It contains a lot of food for thought.

One of the conclusions of the authors of the report is: “Companies must demonstrate their commitment to a broader set of societal challenges such as sustainability, climate change and hunger”.

Hospitality is well placed to build on the work done over many years to emphasize to young people that they can join their teams in a sustainable workplace… Please discuss.

The event is by invitation only: if you would like to apply to take part in the discussion taking place in Coworth Park on the 31st August send an e-mail to – editor@handcnews.com

The Oak Room, Coworth Park, Blacknest Rd, Sunningdale, Ascot SL5 7SE

Arrival from 9:00 a.m. Tea and coffee will be served.

Round table from 9:30 a.m. to 11:00 a.m.

Brunch will be served from 11:00 a.m.

Guests are free to stay and talk more.

The discussion will be chaired by Katherine Price, Sustainability Editor, H&C News.

]]>
Online food delivery giants Meituan and Ele.me summoned for fierce price competition https://bonappetitonline.com/online-food-delivery-giants-meituan-and-ele-me-summoned-for-fierce-price-competition/ Thu, 28 Jul 2022 15:21:00 +0000 https://bonappetitonline.com/online-food-delivery-giants-meituan-and-ele-me-summoned-for-fierce-price-competition/

A Meituan food delivery man File Photo: cnsphoto

Hangzhou’s market regulator convened online food delivery platforms Meituan and Ele.me for talks on issues including price dumping competition and food safety on July 21, it said Thursday. the regulator.

Convened platforms are required to take responsibility for food safety management, and fierce low-cost competition from food and beverage enterprises is strictly prohibited, according to a statement released by the Hangzhou Administration for Regulation on Thursday. of the market.

Food security is closely linked to human life and health. Food delivery platforms must put food safety at the top of their priorities and fulfill their responsibilities in strict compliance with the law. Fierce low price competition is often accompanied by potential food safety issues. The restaurant industry should further standardize its operations, strictly prohibit vicious competition and not allow low-cost dumping to disrupt the market order, the regulator said.

The decision came after media exposed the food safety issues of Pinhaofan, Meituan’s group purchasing function for food delivery. The topic attracted 150 million views on Sina Weibo.

The incident revealed issues such as lack of oversight on the food delivery platform and lack of management guidelines on fierce price dumping competition, Hangzhou’s market regulator said.

The Hangzhou market regulator also required takeout food delivery platforms to carry out serious self-examination and corrections to ensure food safety and prevent malicious price dumping competition and other related issues. breed.

]]>
Growing health and diet concerns to support demand https://bonappetitonline.com/growing-health-and-diet-concerns-to-support-demand/ Mon, 25 Jul 2022 23:30:00 +0000 https://bonappetitonline.com/growing-health-and-diet-concerns-to-support-demand/

Seoul, South Korea, July 25, 2022 (GLOBE NEWSWIRE) —

According to Fact.MR, a market research and competitive intelligence provider, the global tea infusion market is estimated to be USD 720.7 million in 2022 and is expected to grow at a CAGR of 3.2% over the forecast years 2022-2032.

Tea infusions are obtained from tea by following the infusion process; for example, fruit and flower tea infusions. These infusions are used as a flavor enhancer and even for medical purposes. They are also used as fragrance and flavor ingredients in the food and beverage industry.

For critical information on tea infusion Market, demand a Sample report
https://www.factmr.com/connectus/sample?flag=S&rep_id=4157

As tea infusions are fortified with many vitamins, minerals and antioxidants, they provide several health benefits. For example, infusing tea can improve a person’s overall well-being by improving relaxation, improving the digestive system, reducing pain, and boosting immunity. Apart from being considered natural and healthy, tea infusions are a rich source of nourishment, thus attracting more consumers.

What is conduct the popularity of tea infusion around the world?

“The infusion of tea acting as a substitute for carbonated and curly drinks”

Consumers enjoy brewed tea flavors by infusing them with fruits, flowers, herbs, spices, etc., in cold or hot water. The rich aroma and amazing taste attract consumers to them along with some health-promoting properties.

Along with this, a consumer can choose from a variety of herbs, botanicals, and flavors, providing many benefits in the process.

Tea infusions are a great substitute for carbonated or fizzy drinks. They can be accompanied by fruit or desserts. As they are made with 100% natural ingredients, they carry within them an incredible aroma filled with flavor and decadence. These tea infusions can even be used to make cocktails, iced teas, beverages, and more.

Why are dried tea infusions highly sought after?

Dried tea infusion, under the form segment, dominates by holding 71.8% overall market share in 2022. The segment is expected to register a CAGR of 3.5% throughout the assessment period and is expected to exceed a market share of 73.3%.

The demand in this particular segment is attributed to factors such as consumers preferring the dried version of infused tea over the fresh versions. This is basically due to the aroma left behind by the infusion variants of dried tea.

To learn more about tea infusion Market, you can contact our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=4157

Key segments covered by the tea infusion Industry survey

  • Tea Infusion Market by Product Type:
    • Flower Tea Infusion
      • chamomile tea
      • Jasmine tea
      • Rosebud tea
    • Fruit tea infusion
      • Lemon tea
      • blackcurrant tea
      • ginger tea
      • Soursop (Annona Muricata)
      • Orange tea
    • Herbal tea infusion
      • Liquorice Tea
      • Tulsi tea
      • Fennel tea
    • Liquid tea infusion
      • Tequila tea
      • Vodka infused tea
      • Wine flavored tea
  • Tea Infusions Market by Form:
    • Infusion of fresh tea
    • Infusion of dried tea
  • Tea Infusions Market by Sales Channel:
    • Offline sales
      • direct sales
      • Supermarkets & Hypermarkets
      • Retail sales
      • Other sales channels
    • Online sales
      • Corporate/Brand Websites
      • E-commerce platforms

Competitive landscape

The main manufacturers of tea infusions are Infused Tea Company, Finlays, Stash Tea, Camden Tea Company and fuze Beverages, Numi Inc., Teatulia Organic Teas, Halssen & Lyon Gmbh, MartinBauer, Wollenhaupt Tea GmbH, Tetley and Clipper Teas.

Major players in the market are deploying sustainable technologies and also optimizing their systems to meet the demand of end users. Major market players are also focusing on developing innovative packaging designs to attract more consumers.

  • Good Pharma in 2021 released a tea and mushroom infusion with carefully selected ingredients, claiming that a single cup of tea is beneficial. Tea has several health benefits, such as powerful antioxidant activity, bioactive compounds and key amino acids, as well as mind-body stress management support.
  • Tetley Tea 2020 has launched Tetley Herbal Infusion, a range of cold water infused fruit and herbal infusions. These infusions come in several flavors such as raspberry and cranberry, strawberry and watermelon, lemon and cucumber, and orange and peach. These infusions are available at affordable prices and consumers are looking for healthier options than soft drinks.

Get customization on tea infusion Market Report for specific search solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4157

The key players in the tea infusion Market

  • Brewed tea company
  • Finishes
  • tea stash
  • Numi Inc.
  • Camden Tea Company and Fuze Beverages
  • Organic teas from Teatulia
  • Halssen & Lyon GmbH
  • Martin Bauer

Main takeaways from tea infusion Market research

  • Global Tea Infusion Market is anticipated to expand at a CAGR of 3.2% and be valued at USD 992.3 Million by 2032.
  • The market experienced a CAGR of 2% for the period 2017-2021.
  • Under product type, flower tea infusions dominate the market and are projected to grow at a CAGR of 3.8% and reach a valuation of $420.2 million by the end of 2032.
  • The dried segment, in form, dominates the market with 71.8% market share in 2022.
  • The European region led the global market with a share of 26.4% in 2021.
  • By region, demand for tea infusions is expected to grow at CAGRs of 3.6% and 4.1%, respectively, in East Asia and South Asia & Oceania.

Knowledge of Fact.MR domain in food and drinks Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced food and beverage team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the food and beverage industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

Check out Fact.MR coverage ate Food and Beverage Field-

CBD gummies market– Fact.MR – a market research and competitive intelligence provider – expects the global CBD gummies market to grow exponentially at a prolific CAGR of 28% throughout the forecast period 2021 -2031. The increase in efforts to legalize cannabis for recreational and medical purposes acts as the major driver for market growth.

palm oil marketThe size of the global palm oil market in 2022 is expected to exceed nearly US$33 billion. According to the report, palm oil market revenues are expected to grow 1.5 times to nearly US$50 billion by 2031, growing at a compound annual growth rate (CAGR) of nearly 5%. .

snack marketGlobal demand for snacks is expected to proliferate at a CAGR of 6.5% from 2021 to 2031, according to a study recently published by Fact.MR. By the end of the aforementioned forecast period, the market is expected to be valued at US$751 billion as consumers shift towards consuming organic snacks. By the end of 2021, demand for snacks is expected to reach US$400 billion.

commercial seaweed market– The global seaweed market was worth over US$10 billion in 2020 and is expected to exceed US$15 billion by the end of forecast period (2021-2031). Extensive applications of seaweed in pharmaceuticals, nutraceuticals, antimicrobials, and biotechnology applications are majorly driving the growth in the market.

soybean oil market– Global soybean oil sales are expected to increase moderately in 2021 with sales of just over 57 million tons in 2020. While Fact.MR still expects the soybean oil market increases slightly, however, the decade compound annual growth rate (CAGR) remains positive at 5%.

rapeseed oil market– Rapeseed oil sales are expected to be valued at nearly US$17 billion by 2021. Long-term projections look more positive, the rapeseed oil market will reach US$32 billion, with a growing at a CAGR exceeding 6% from 2020 to 2031.

energy drink market– The global demand for energy drinks will increase positively in 2021, exceeding US$35 billion. Driven by rise in health consciousness, along with changes in consumer lifestyle and increased awareness of health and wellness products, the market is expected to register growth at a CAGR of around 8% by 2031.

non-alcoholic beer market– The non-alcoholic beer industry is expected to experience tremendous growth, expected to exceed US$28 billion by 2031, growing at a compound annual growth rate (CAGR) of 7% over a decade.

sports nutrition market– The global sports nutrition market report indicates that global sports nutrition sales grew year-on-year (YoY) by 5.3% in 2021. Fact.MR estimates that the market for sports nutrition accounted for US$15.8 billion in 2021, and is expected to see a significant CAGR of 7.9% over the decade.

In-flight catering market– The global in-flight catering market to exceed a valuation of approximately USD 7.3 billion by 2021, and it is expected to reach USD 13.7 billion by 2031, registering a CAGR of 6.5% during the forecast period 2021-2031.

About Us:
Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. Although our experienced consultants use the latest technology to extract hard-to-find information, we believe that our USP is the trust our clients place in our expertise. Covering a wide spectrum – from automotive and Industry 4.0 to healthcare and retail, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Our sales offices in the USA and Dublin, Ireland. Headquarters based in Dubai, United Arab Emirates. Contact us with your goals and we will be a competent research partner.

Contact:
Mahendra Singh
USA Sales Office:
11140 Rockville Pike
Office 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow us: LinkedIn | Twitter

]]> The wedding services market is expected to grow by $414.2 billion at a CAGR of 4.8% from 2021 to 2031 https://bonappetitonline.com/the-wedding-services-market-is-expected-to-grow-by-414-2-billion-at-a-cagr-of-4-8-from-2021-to-2031/ Sat, 23 Jul 2022 09:38:01 +0000 https://bonappetitonline.com/the-wedding-services-market-is-expected-to-grow-by-414-2-billion-at-a-cagr-of-4-8-from-2021-to-2031/

According to a new report published by Allied Market Research, titled “Wedding Services Market“Wedding Services Market Size was valued at USD 160,587.40 Million in 2020 and is projected to reach USD 414,285.70 Million by 2030, growing at a CAGR of 4.8% from 2021 to 2030. The food service segment leads in terms of market share in 2020 and is expected to maintain its dominance throughout the forecast period.

Ask for the free sample PDF of this report (flash sale until August 20, 2022) @ https://www.alliedmarketresearch.com/request-sample/16233

The wedding services industry is growing at a significant rate and is expected to continue this trend in the coming years. Wedding events play a vital role in revenue generation and branding equations for businesses and associations. This industry is witnessing the entry of new independent players who are leveraging technology to gain a competitive advantage in today’s consolidated environment. Conversely, the aim of the companies is to improve the experience of the attendees and witness the success of the wedding services without any hindrance, thereby driving the growth of the wedding services industry.

Additionally, new products have been launched in the market to provide a more realistic experience for couples planning virtual weddings. Compared to traditional photos and videos of a wedding venue, these products offer couples the most realistic experience next to physically standing in an event space. With today’s shelter-in-place recommendations, this resource allows couples to take an actual tour of a place property completely virtually on any screen from home. Hence, the industry is becoming dynamic in nature and adapting to changing trends, which propels the growth of the market.

Take away key

  • The offline booking segment has been the major contributor to market revenue, owing to consumer reliance on face-to-face interactions and discussions.
  • By type of planning, the comprehensive planning services segment was the predominant channel in 2020 for wedding planning services
  • The local wedding services segment was the predominant channel in 2020 for wedding planning services
  • North America holds the highest revenue share in the global market in 2020.

Destination wedding is falling under wedding service market trends and also becoming popular among millennials and 1 out of 4 couples are opting for destination wedding in the US region, leading to an increase in service market demand weddings around the world. Additionally, New York weddings are by far the most luxurious destination weddings. It’s no wonder the average cost of a wedding is over $70,000. Additionally, the best locations for destination weddings in the United States are California, Florida, and Nevada and the best locations for destination weddings outside the United States are Mexico, the Caribbean, and Hawaii. Additionally, 350,000 destination weddings take place every year and Las Vegas is the leader in weddings with around 1 lakh and more weddings per year. Additionally, destination weddings are a very popular option for second marriages and very 1 in 3 of all destination weddings are from second marriages. Hence, the ratio of couples opting for destination wedding is increasing every year, propelling the growth of the wedding services market in the process.

Ask for a discount before purchase Report @ https://www.alliedmarketresearch.com/purchase-enquiry/16233

However, the market faces a daunting challenge, according to the latest data from the National Center for Health Statistics, marriage rates hit an all-time low in 2018, which is the most recent year on record. Additionally, the national marriage rate dropped from 6.9 to 6.5 marriages per 1,000 people from 2017 to 2018. This decline in the marriage rate was a mostly noticeable shift in a fairly stable trend over the decade, following a long decline from the mid-1980s. In 2001, the national rate was 8.2 marriages per 1,000 population. Moreover, while marriage rates have dropped for everyone; however, previous research from the Social Capital Project clarified that rates dropped significantly among people in the middle and lower economic quintiles and minorities. Shrunken marriages are associated with an increase in unmarried pregnancies in recent decades, primarily for minority and less economic groups. Therefore, the decline in the marriage rate leads to a decline in

Marriage services Market demand.

The report is analyzed by booking type, which includes online booking and offline booking. The wedding services industry report further segments the market based on type of planning such as full planning service, partial planning services, and coordination day. On the basis of service type, the market is further classified into videography/photography services, catering services, decoration services, transportation services, wedding planning services and others. Based on wedding type, the market is divided into destination wedding and local wedding. Additionally, it includes revenue generated from wedding services in North America, Europe, Asia-Pacific and LAMEA.

Main market players

  • Augusta Cole Events
  • Colin Cowie
  • David Stark
  • Fallon Carter
  • A Charming Party
  • Nordic adventure weddings
  • JZ Events
  • Lindsay Landman
  • Events Asia (Bali)
  • Weddings and glamorous events BAQAA

Related report

https://www.alliedmarketresearch.com/uk-wedding-services-market-A17325

https://www.alliedmarketresearch.com/italy-wedding-services-market-A17324

https://www.alliedmarketresearch.com/italy-wedding-services-market-A17324

https://www.alliedmarketresearch.com/germany-wedding-services-market-A17326

https://www.alliedmarketresearch.com/spain-wedding-services-market-A17327

https://www.alliedmarketresearch.com/india-wedding-services-market-A17332

https://www.alliedmarketresearch.com/us-wedding-services-market-A17170

Aabout us :

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
The Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter

]]>
Austin’s Best Food and Drink Events This Week: Dinners, Farmers’ Markets, Beer, Wine and More for the Week of July 21, 2022 https://bonappetitonline.com/austins-best-food-and-drink-events-this-week-dinners-farmers-markets-beer-wine-and-more-for-the-week-of-july-21-2022/ Thu, 21 Jul 2022 21:25:08 +0000 https://bonappetitonline.com/austins-best-food-and-drink-events-this-week-dinners-farmers-markets-beer-wine-and-more-for-the-week-of-july-21-2022/

thursday 21

HOTEL GRANDUCA: SARDINIAN SUMMER LONG TABLE If you have not yet tasted the elegant delight of Granduca Hotel‘s Long Table series, Here’s Your Chance, featuring a feast of cuisine that celebrates the Italian coastPan-fried scallops, local lamb chops, grilled asparagus, roasted summer vegetables… with a sumptuous cappuccino cake for dessert. Right there in the wooded west end of Austin, it’s like taking a vacation abroad, but without all the hassle of travel. Note: wine pairings available.

Thu 21 July 5:30 p.m. (2022) Granduca Austin Hotel, 320 Capital of TX Hwy. S., West Lake Hills. $95.

granducaaustin.com

saturday 23

GARRISON BROTHERS: GUADALUPE 2022 RELEASED Ife big Dan Garrisonmaster distiller Donnis Toddand the Garrison Brothers the crew will organize a drive-in event (first come, first served!) to release a thousand bottles from their Guadeloupe 2022 expression. Yes it is their Four-year-old Texas straight bourbon, finished in port cask it’s bottled at 107 proof. (Note: The remaining bottles of this divine batch – approximately 4,900 of them – will be available nationwide on August 1.) SRP: $149.99. So if you want to be among the first to participate, citizen, you will have to go to Hye that day. See website for more details.

Saturday, July 23 Garrison Brothers Distillery, 1827 Hye-Albert Rd, Hye, 830/392-0246.

garrisonbros.com

HUCKLEBERRY @ STILL AUSTIN: GRAND OPENING Of course, it is also the second anniversary of Davis TurnerThe Big Seafood Store on Wheels – Congratulations, Chef! – but tbh we are more excited to see this restaurant firmly established in the courtyard of Austin again, where the partnership of the highest quality whiskeys and culinary power will make an unbeatable combination. For this opening night, Lingonberry will serve classic dishes – as well as names specially selected for the occasion – and the distillery team will unveil a variety of delicious new cocktails. Expect live music, giveaways, swag and more.

Sat 23 July 6-8 p.m.

Always Austin, 440 E. St. Elmo, 512/276-2700.

stillaustin.com

SUPPER FRIENDS: NO STRANGERS HERE Join your fine dining aficionado friends on 2Dine4 Cateringthe East Austin bungalow (and its secret garden) for an intimate dinner created by the talented chef Dante’s Hill. The amiable night unfolds with a splendor of drunken tofu dumplings, pork and vegetable eggrolls, black rice onigiri, Indonesian pressed sushi, Seoul summer salad and pork ribs Incredibly tasty stickies – and all followed by a dessert of Chocolate Mochi Brownies.

Sat 23 July 7 p.m.

Swoop House, 3012 Gonzales, 512/467-6600. $70 ($110, with wine pairings by Certified Wine Educator Greg Randle).

2dine4.com

TIKI TATSU-YA X HOWLER BROS: LUAU LAUNCH Austin’s world-renowned temple of tikiness has teamed up with an outdoor apparel company Howler Brothers to create a limited edition line of shirts, hats, pins, patches and glassware – making his debut at this tropical party that’s packed with luau-style buffetevent cocktails by Cory Starand lots of swag for all.

Sat.-Sun., July 23-24, 12 p.m.-4 p.m. Tiki Tatsu-ya, 1300 S. Lamar.

tiki-tatsuya.com

sunday 24

TIKI TATSU-YA X HOWLER BROS: LUAU LAUNCH Austin’s world-renowned temple of tikiness has teamed up with an outdoor apparel company Howler Brothers to create a limited edition line of shirts, hats, pins, patches and glassware – making his debut at this tropical party that’s packed with luau-style buffetevent cocktails by Cory Starand lots of swag for all.

Sat.-Sun., July 23-24, 12 p.m.-4 p.m. Tiki Tatsu-ya, 1300 S. Lamar.

tiki-tatsuya.com

In progress

BARTON CREEK FARMERS MARKET

Saturday, 9am-1pm. Barton Creek Square, 2901 Capital Hwy TX. S., 512/327-7040.

bartoncreekfarmersmarket.org

HOPE FARMERS MARKET

Sunday, 11am-3pm. Saltillo Plaza, 412 Comal, 512/727-8363.

www.hopefarmersmarket.org

LONE STAR FARMERS MARKET

Sunday, 10am-2pm. 12700 Hill Country Blvd., Bee Cave.

lonestarfarmersmarket.com

SFC SUNSET VALLEY FARMERS MARKET

Saturday, 9am-1pm. Toney Burger Activity Center, 3200 Jones, 512/414-2096.

sfcfarmersmarket.org

TEXAS FARMERS MARKET IN LAKELINE

Saturday, 9am-1pm. Lakeline Mall, 11200 Lakeline Mall Drive, Cedar Park, 512/363-5700.

texasfarmersmarket.org/lakeline

TEXAS FARMERS MARKET IN MUELLER

Sunday, 10am-2pm. Mueller Lake Park and Browning Hangar, Airport 4209.

texasfarmersmarket.org/mueller

BOGGY CREEK FARM STAND

Wed-Sat, 8am-1pm. Boggy Creek Farm, 3414 Lyons, 512/926-4650.

boggycreekfarm.com

]]>
Big Q in the Big D: Tradition and Influence on the Dallas BBQ Scene https://bonappetitonline.com/big-q-in-the-big-d-tradition-and-influence-on-the-dallas-bbq-scene/ Wed, 20 Jul 2022 09:00:00 +0000 https://bonappetitonline.com/big-q-in-the-big-d-tradition-and-influence-on-the-dallas-bbq-scene/

At its core, barbecue is a study in heat and time and the transformative powers of both to turn something raw and unappetizing into something eminently desirable and sublime. Likewise, we’ve seen the Dallas barbecue scene transform over the years like a chest after an all-night cook. The Texas barbecue tradition is rooted in small towns, while big cities like Dallas were rarely considered a mecca for good barbecue.

But with the resurgence of Central Texas-style barbecue that sparked the “artisanal” barbecue revolution, the Dallas barbecue scene naturally evolved, and over the past decade or so, we’ve seen the birth of barbecue joints from the city now mentioned in the pantheon. big ones. While the town’s barbecue history may not match that of Hill Country, it’s still home to some long-running spots. These old habits, along with the restaurants that took root in the barbecue boom, influence upstart barbecue joints that are still writing their own stories before our eyes.

Click to enlarge

Smokey John’s Three Meat Platter.

Dalila Thomas

The old guard

During the first decade after the turn of the century, the Dallas barbecue scene was a big city melting pot. Part of that comes from the Texas roots of barbecue. If you find someone who grew up in Texas, chances are they have a barbecue restaurant in their town that was the go-to. And as a Texas native and current Observer Food writer Lauren Drewes Daniels once explained to me, “Small towns don’t eat other small town barbecue. » (Editor’s note: especially if we play football.)

Dallas is a big city, and big cities meant catering to the masses, not small towns where the famous Texas barbecue was making hay. Chains like Dickey’s, Spring Creek, or even Dallas-native Sonny Bryan’s serve barbecue that feeds the masses, but lacks artistry. That’s not to say Dallas didn’t have gems.

In 1976 John Reaves opened Big John’s Barbecue on the corner of Lemmon and Mockingbird, and after a fire in the pit room filled the restaurant with smoke, he renamed his restaurant Smokey John’s.

“Since the 1970s, the essence of who our father was and the service he provided has remained the same,” says Brent Reaves, who along with his brother Juan took over their father’s restaurant. “These intangible things are why people become loyal customers.”

In 1978, James Meshack opened the first of four eponymous barbecues in South Dallas. Meshack’s daughter Donna took over the Garland location when her father died suddenly in 1986. And in Cedars, Tennessee, Tennessee native Clarence Cohens brought his own Memphis-style barbecue influences to the Texas when he opened Baby Back Shak in the late 90s.

While spots like Smokey John’s, Meshack’s and Baby Back Shak have their history, that doesn’t mean they’re immune to change.

“We had to step up our game. Our chest process is only taking three times longer than it did 10 years ago,” says Reaves. “We tweaked some of our family recipes to create more flavor. We didn’t want to be left behind.”

These restaurants and many more were still practicing the art of barbecuing and building their own loyal following in an era before social media, when the internet was past its infancy, but was still just a toddler. Things were going to change soon enough.

Click to enlarge Pecan Lodge brisket, ribs and sausage.  -CATHERINE DOWNES

Pecan Lodge brisket, ribs and sausage.

Catherine Downes

The revolutionaries

It used to take years of hard work for a barbecue to have a loyal following. Then came social media. A new generation of pit masters has arrived on the scene, and what they lacked in provenance, they made up for in dedication to the way barbecue was done by the old masters. The timing was perfect, as the internet had spawned a new kind of food lover, one who shopped at farmers markets, drank craft beers and shared their discoveries on social media. The barbecue had gone viral.

The barbecue boom has swept away new joints and old ones. Pecan Lodge put Dallas on the barbecue map in 2010 with lines snaking through the Dallas Farmers Market and a nod from Texas monthly as the second-best barbecue in the state in 2013. Pecan Lodge’s start-up came after Justin and Diane Fourton quit their consulting jobs to open a barbecue catering business. As the restaurant built its reputation, the Fourtons learned of the City of Dallas’ plan to redevelop Shed 2 at the Farmers’ Market into a specialty food building. Pecan Lodge’s modest counter in Shed 2 quickly became the center of the Dallas barbecue universe. Around the time their reputations began their meteoric rise, other future Dallas barbecue legends were just in their infancy.

Cattleack Barbecue filled time during Todd David’s retirement – ​​a small warehouse catering business in Farmers Branch. Customers eventually convinced him to open for lunch one day a week. David’s BBQ was good, but he struggled to get consistent quality beef from his suppliers.

“I just wasn’t excited about big companies and the ups and downs of their products,” David recalls. His supplier told him about a ranch in central Texas raising Akaushi beef, one of four breeds known as wagyu. After getting his hands on HeartBrand’s Wagyu Beef Brisket, David knew he had found the consistent quality he was looking for.

In the Design District, Maple and Motor’s Jack Perkins have launched Slow Bone, a quality barbecue promising the masses. The barbecue’s growing popularity meant long lines and quick sales at places like Pecan Lodge and Lockhart’s. Perkins claimed to have solved the riddle and promised extended hours with no sale or sale of yesterday’s leftovers. Perkins had plenty of experience running Dallas’ Maple & Motor burger joint, but the foray into barbecue was unfamiliar territory for the restaurateur. Shortly after opening, Perkins hired longtime Dallas chef Jeffrey Hobbs to bring a chef’s sensibility to the barbecue world.

And in Fort Worth, Travis Heim had started making pop-ups to scratch his meat-smoking itch, which turned into the Heim Barbecue food truck in 2015. The burnt ends of the chest were already considered a bite of barbecue nirvana, but Heim turned the burnt end on its head when he started drying pork belly seasoning cubes and then sautéing them in his smoker. Heim’s bacon-scorched ends became the talk of the town, and Heim’s success led to a Dallas location in 2020.

Click to enlarge The Jabo sandwich from Smokey Joe's: chopped brisket, baked beans topped with jalapeños - KATHY TRAN

The Jabo sandwich from Smokey Joe’s: chopped breast, baked beans garnished with jalapeños

Kathy Tran

And after

Even though we believe that the popularity of barbecue could one day peak, we have given up on predicting when that will happen. New entrants enter the fray with regularity, influenced by the successes of their predecessors as well as the legendary names in the trade. But with a cuisine so steeped in tradition, the question becomes how to stand out.

For some, like Kris Manning’s Smokey Joe’s BBQ, it meant relearning everything he knew about barbecuing after buying his father’s restaurant in 2013. Manning added a pair of quirky new smokers to the restaurant, then painfully removed the old steel and brick smoker his father had built. in 1985.

“They kept starting fires,” Manning said, after realizing he couldn’t risk his restaurant because of sentimentality. While aware of his clientele who loved his father’s barbecue, Manning knew he would need to evolve to stay relevant.

“Growing up, I used to go to my dad’s restaurant and I would never eat at any other barbecue places,” Manning told us in 2020. is going to different barbecue places.” Manning’s success has come from keeping his longtime customers happy while cooking up a barbecue that has fans all over the area raving.

For other newcomers, barbecue mixes with other cultures and cuisines with great results. In 2018, Zavala’s BBQ in Grand Prairie taught us that beef brisket can still be stellar when served with tortillas and its magic green salsa. Blending Zavala’s Hispanic heritage with typical Texas cuisine yields impressive results. And in East Dallas, Loro brings a touch of Asia to Texas thanks to chefs Tyson Cole of Uchi and Aaron Franklin of Franklin Barbecue. Led by masters of their respective cuisines, Loro blends two cooking styles in new and imaginative ways.

While we are certainly students of tradition when it comes to Texas barbecue, the history of the kitchen, itself a blend of traditions and cultures, is something we will always respect, especially when a barbecue shows that level of pride on the menu. . But it’s hard to ignore where barbecue is heading, as even more fusion of cultures and cuisines produces barbecue that’s still top-notch with unique twists that deliver something new and exciting. Texas is a big state, and at our big barbecue table, we’re thrilled when old-school and new-school joints have a seat to share their stories.

Read here to find out what we consider Dallas’ must-have barbecue.

]]>