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Global Wine Market Revenue Projected To Exceed $525 Billion Dollars By 2025

Thursday, October 21, 2021 - 1:55pm

The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world.

Key Points: 
  • The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world.
  • Direct-to-consumer sales have also benefited from this shift in consumer behavior, with specialist wine trade also reporting some increase in sales.
  • The global wine marketsize is expectedto reachUSD 685.99 billionby2028, according to a new report by Grand View Research, Inc.
  • This debut is part of an expanded U.S. rollout of Algodon's premium Argentina wine portfolio of award-winning varietals and blends.

Global Wine Market Revenue Projected To Exceed $525 Billion Dollars By 2025

Thursday, October 21, 2021 - 1:55pm

The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world.

Key Points: 
  • The COVID-19 pandemic has disrupted the global wine distribution channel due to the extensive closure of and restrictions on hotels and restaurants across the world.
  • Direct-to-consumer sales have also benefited from this shift in consumer behavior, with specialist wine trade also reporting some increase in sales.
  • The global wine marketsize is expectedto reachUSD 685.99 billionby2028, according to a new report by Grand View Research, Inc.
  • This debut is part of an expanded U.S. rollout of Algodon's premium Argentina wine portfolio of award-winning varietals and blends.

Plant-Based Food Market Could Skyrocket To $162 Billion Within Next 10 Years

Thursday, October 21, 2021 - 1:45pm

Their partnerships with restaurants, fast-food chains, and global food manufacturers are making vegan options more accessible to the masses.

Key Points: 
  • Their partnerships with restaurants, fast-food chains, and global food manufacturers are making vegan options more accessible to the masses.
  • Vegan dairy, in particular, could take up 10 percent of its global market shares in the next decade.
  • Meanwhile, BI predicts that the alternative meat market will surge from $4.2 billion to $74 billion in the next decade.
  • Furthermore, plant-based food sales increased nearly 2.5 times faster than total food sales from 2018 to 2020.

Plant-Based Food Market Could Skyrocket To $162 Billion Within Next 10 Years

Thursday, October 21, 2021 - 1:45pm

PALM BEACH, Fla., Oct. 21, 2021 /PRNewswire/ -- A groundbreaking new report has predicted that the plant-based food market will exceed $162 billion within the next decade. A growing preference for sustainable, healthier foods is pushing the movement. Bloomberg Intelligence (BI) produced the report, called Plant-Based Foods Poised for Explosive Growth. BI provides research on more than 2,000 companies, 135 industries, and all global markets.  The plant-based food market was valued at $29.4 billion in 2020. This means if BI's predictions are correct, the market will soar by 451 percent.  Major plant-based meat and dairy brands like Beyond Meat, Impossible Foods, and Oatly are driving some of this growth. Their partnerships with restaurants, fast-food chains, and global food manufacturers are making vegan options more accessible to the masses. Additionally, the collaborations are challenging stereotypes around plant-based food. According to BI's Senior Consumer Staples Analyst, Jennifer Bartashus, the meat-free movement isn't slowing down. "Food-related consumer habits often come and go as fads, but plant-based alternatives are here to stay – and grow," she said.  Active Companies in the markets today include Nepra Foods Inc. (CSE: NPRA), Tattooed Chef, Inc. (NASDAQ: TTCF), Sprouts Farmers Market, Inc. (NASDAQ: SFM), Oatly Group AB (NASDAQ: OTLY), ELSE NUTRITION HOLDINGS INC. (OTCQX: BABYF) (TSX-V: BABY).

Key Points: 
  • Their partnerships with restaurants, fast-food chains, and global food manufacturers are making vegan options more accessible to the masses.
  • Vegan dairy, in particular, could take up 10 percent of its global market shares in the next decade.
  • Meanwhile, BI predicts that the alternative meat market will surge from $4.2 billion to $74 billion in the next decade.
  • Furthermore, plant-based food sales increased nearly 2.5 times faster than total food sales from 2018 to 2020.

Why Programmatic Advertising has Become One of the Most Indispensable Digital Marketing Tools Worldwide

Wednesday, October 20, 2021 - 1:45pm

This use of software and algorithms helps streamline ad buying processes, which is why programmatic has become one of the most indispensable digital marketing tools worldwide.

Key Points: 
  • This use of software and algorithms helps streamline ad buying processes, which is why programmatic has become one of the most indispensable digital marketing tools worldwide.
  • The report said: "In today's competitive advertising landscape, marketers use programmatic advertising and automation solutions to target audiences based on user data.
  • Hubspot, Adobe Marketing Cloud, and Oracle Marketing are among the leading marketing automation solution providers worldwide, accounting for a combined market share of almost 50 percent.
  • In 2020, global spending on programmatic display advertisingrose to 126 billion U.S. dollars, representing almost 70 percent of total display advertising expenditure.

Why Programmatic Advertising has Become One of the Most Indispensable Digital Marketing Tools Worldwide

Wednesday, October 20, 2021 - 1:45pm

This use of software and algorithms helps streamline ad buying processes, which is why programmatic has become one of the most indispensable digital marketing tools worldwide.

Key Points: 
  • This use of software and algorithms helps streamline ad buying processes, which is why programmatic has become one of the most indispensable digital marketing tools worldwide.
  • The report said: "In today's competitive advertising landscape, marketers use programmatic advertising and automation solutions to target audiences based on user data.
  • Hubspot, Adobe Marketing Cloud, and Oracle Marketing are among the leading marketing automation solution providers worldwide, accounting for a combined market share of almost 50 percent.
  • In 2020, global spending on programmatic display advertisingrose to 126 billion U.S. dollars, representing almost 70 percent of total display advertising expenditure.

How the Rise in Digital Currency is Escalating the Growth Of Cryptocurrency Mining Market

Tuesday, October 19, 2021 - 2:15pm

Cryptocurrency mining refers to a method that involves exchanging different forms of cryptocurrency, validating and applying the digital ledger blockchain.

Key Points: 
  • Cryptocurrency mining refers to a method that involves exchanging different forms of cryptocurrency, validating and applying the digital ledger blockchain.
  • The cryptocurrency miner assists in updating the blockchain with the transaction when a cryptocurrency blockchain is done.
  • These support transactions help in providing enhanced security to network users, and ensures integrity, which is expected to be the prominent factor influencing growth of the global cryptocurrency mining market."
  • Merchants utilizing OLB's OmniSoft Business Management platform can transact with customers through digital wallets, cryptocurrency wallets, and traditional card-based payment.

How the Rise in Digital Currency is Escalating the Growth Of Cryptocurrency Mining Market

Tuesday, October 19, 2021 - 2:15pm

Cryptocurrency mining refers to a method that involves exchanging different forms of cryptocurrency, validating and applying the digital ledger blockchain.

Key Points: 
  • Cryptocurrency mining refers to a method that involves exchanging different forms of cryptocurrency, validating and applying the digital ledger blockchain.
  • The cryptocurrency miner assists in updating the blockchain with the transaction when a cryptocurrency blockchain is done.
  • These support transactions help in providing enhanced security to network users, and ensures integrity, which is expected to be the prominent factor influencing growth of the global cryptocurrency mining market."
  • Merchants utilizing OLB's OmniSoft Business Management platform can transact with customers through digital wallets, cryptocurrency wallets, and traditional card-based payment.

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.

Esports Betting Industry On PC-Based Games Is On The Upswing

Thursday, October 14, 2021 - 1:55pm

PALM BEACH,  Fla., Oct. 14, 2021 /PRNewswire/ -- For a long time, the conversation in the gaming world was focused on mobile being the future of the industry. Now, in 2021, the future has officially arrived.  Our society is becoming more dependent on smartphones, with more than 90% of Americans owning a smartphone, and the rest of the developed world is only slightly behind the United States' pace. It is not a surprise that revenue from mobile gaming is rising, but the growth rate is something sportsbooks need to keep an eye on in the future. The more the common gamers pour their money into mobile gaming, the more sportsbooks will need to be ready to pounce. Already more than 40% of smartphone owners are paying at least $50 per month on games, which translates to $600 per year. That isn't a small sum for most people, and a quarter of the users are up to at least $1,000 per year on mobile gaming. Simply put, the future used to be mobile gaming, but it is becoming increasingly apparent that the future is here and the switch from PC gaming to mobile gaming is vital.   A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming. While most users are starting to use mobile gaming more than PC or consoles, the competitive gaming world has not made the switch yet. Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile." Active gaming and tech companies in the markets today include:  Esports Technologies (NASDAQ: EBET), Skillz (NYSE: SKLZ), Super League Gaming (NASDAQ: SLGG), Elys Game Technology, Corp. (NASDAQ: ELYS), Golden Nugget Online Gaming, Inc. (NASDAQ: GNOG).

Key Points: 
  • A recent article on iGamingBusiness.com said that: "The issue for sportsbooks offering esports options is that now is not the right time to roll out betting options on mobile gaming.
  • Most of the money is still in traditional esports played on PCs, and the industry has not adapted tournaments on a massive scale to mobile."
  • The esports betting industry on PC-based games is on the upswing, and sportsbooks need to capitalize on that while keeping an eye on the future.
  • In addition to Esports Technologies, sports betting industry leaders Draft Kings and Penn National as well as top retail and technology companies will be participating in the conference.