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Orally Disintegrating Tablet Market is Projected to Reach US$ 72.68 Billion with a CAGR of 11.5% by 2034 | Fact.MR Report

Rockville, MD, Oct. 16, 2024 (GLOBE NEWSWIRE) — Based on a new research report published by Fact.MR, the global orally disintegrating tablet market is poised to reach a valuation of US$ 24.45 billion in 2024 and further advance at a CAGR of 11.5% from 2024 to 2034. Aftertaste and mouthfeel are two of the focus areas in which suppliers are active. More people are looking for tablets that are less bitter and work faster, which is where the market has the potential to evolve further over the coming years.

Orally disintegrating tablets (ODTs) have a pleasant mouthfeel, attracting a wide range of patients. These tablets do not require any additional liquid to swallow, making them suitable for use anywhere and at any time. The introduction of orally disintegrating tablets effectively addresses the challenge of swallowing traditional medications, particularly for babies, young children, and the elderly.

To improve their performance and desirability, ongoing developments in this field have resulted in the introduction of a variety of orally disintegrating pills with improved properties, such as better taste and faster disintegration. These advancements are key drivers for the increased adoption of orally disintegrating tablets, which are gaining prominence in the pharmaceutical industry.

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Key Takeaways from Market Study:

  • The global orally disintegrating tablet market is forecasted to reach a valuation of US$ 72.68 billion by the end of 2034.
  • The market in North America is calculated to expand at a CAGR of 4% from 2024 to 2034.
  • The United States is analyzed to hold a significant share of 5% in the North American region by the end of 2034.
  • The market in Chile is projected to expand at a CAGR of 9% from 2024 to 2034.
  • Based on drug class, demand for anxiolytics is calculated to increase at a CAGR of 5% from 2024 to 2034.

“ODTs offer ease of administration, promoting better patient adherence to treatment regimens compared to traditional tablets. Companies are focusing on improving the taste and mouthfeel of ODTs to ensure increased adoption among patients,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Orally Disintegrating Tablets Market:

Johnson & Johnson Services Inc; Teva Pharmaceutical Industries Ltd.; Sun Pharmaceutical Industries Ltd.; Takeda Pharmaceutical Company Limited; Eli Lily and Company; Dr. Reddy’s Laboratories Ltd; Mylan N.V.; Bausch Health; GlaxoSmithKline Plc; Merck & Co Inc.; AstraZeneca; Bayer AG; F Hoffman-La Roche Ltd.

High Level of Patient Compliance with ODTs:

Orally disintegrating tablets have established a niche among oral drug delivery systems due to the high level of compliance they achieve in patients, particularly in geriatrics and pediatrics. Patients with dysphagia, motion sickness, repeated emesis, and mental disorders prefer these medications because they are unable to swallow large amounts of water.

Drugs with good oral mucosal absorption or with immediate pharmacological action can be formulated in these dosage forms. However, the need to formulate these dosage forms with mechanical strength sufficient to withstand the rigors of handling while also disintegrating within a few seconds in contact with saliva is inextricably linked.

Orally Disintegrating Tablets Industry News:

Orally disintegrating tablets (ODTs) are a very competitive business, with a number of well-established and up-and-coming companies fighting for share.
Research, development, and commercialization of ODTs and other pharmaceutical products are undertaken by companies.

Among the primary tactics employed by these companies to hold onto and increase their market share are product innovation, joint ventures and alliances, mergers and acquisitions, and regional growth. Oral antivirals and oral solid dosage contracts are two emerging industry trends that major competitors in the oral disintegrating tablet market are adjusting to.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the orally disintegrating tablet market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on drug class (anti-psychotics, anti-epileptics, CNS stimulants, anxiolytics, anti-parkinsonian drugs, anti-hypertensives, NSAIDs, anti-allergy drugs, proton pump inhibitors, others), disease indication (CNS diseases, GI diseases, CVS disorders, allergies, others), distribution channel (hospital pharmacies, retail pharmacies, drug stores, online pharmacies), across seven major regions of the world (North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, and MEA).

Checkout More Related Studies Published by Fact.MR Research: 

 The global achalasia treatment market is currently valued at around US$ 472.12 million in 2024 and is forecasted to expand at a CAGR of 9.1% to reach US$ 1.13 billion by the end of 2034.

The global artificial eyes market is approximated to reach a valuation of US$ 2.3 billion in 2024 and further expand at a CAGR of 8.7% to end up at US$ 5.27 billion by the year 2034.

The global electromagnetic navigation bronchoscopy market is evaluated to reach a value of US$ 124.35 million in 2024 and is forecasted to expand at a CAGR of 8.9% to reach US$ 292.77 million by 2034.

The global endoscopic balloon dilator market is projected to generate revenue worth US$ 804.52 million in 2024 and has been thoroughly analyzed to increase at a CAGR of 9.2% to achieve a value of US$ 1.94 billion by 2034-end.

The global wax removal aid market is estimated at US$ 220.08 million in 2024. The market has been forecasted to increase at a CAGR of 5.8% and touch a value of US$ 386.32 million by the end of 2034.

About Us: 

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.  

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Apple stock hits record intraday high on bullish Wall Street outlooks, positive iPhone sales data

Apple (AAPL) hit an all-time intraday high Tuesday as Wall Street analysts issued bullish outlooks on the stock ahead of the release of Apple Intelligence.

Apple shares reached $237.49 on Tuesday before paring gains, eclipsing its prior record of $237.23 on July 15. The stock’s climb put it further ahead of Nvidia (NVDA) as the world’s most valuable company after Nvidia’s gains earlier in the week jeopardized the iPhone maker’s lead.

Apple shares closed the trading day up 1.1% to $233.85. Meanwhile, Nvidia (NVDA) fell around 4.5% Tuesday amid trade tensions in the semiconductor sector.

Analysts at Morgan Stanley (MS), Bernstein, and Evercore ISI have reiterated their Buy ratings on Apple stock this week. Positive preliminary iPhone shipment data posted by International Data Corporation (IDC) showed strong demand for Apple’s previous smartphone models. Sales were also helped by Apple’s rollout of the iPhone 16.

“Despite the staggered rollout of Apple Intelligence in markets outside the U.S., Apple will continue to grow in the upcoming holiday season,” said Nabila Popal, IDC’s data & analytics senior director, in a statement Monday. IDC data released Monday showed global iPhone shipments rising 3.5% in the third quarter from last year.

The news comes amid concerns over weak demand for Apple’s iPhone 16 lineup. Wall Street analysts initially interpreted shorter shipping times for the iPhones as an omen. The thinking was that if customers could easily get their hands on the new iPhones, then there was an oversupply of the phones available to purchase versus last year, Yahoo Finance’s Daniel Howley reported. Jefferies last week downgraded Apple stock from Buy to Hold, citing doubts over whether its newly AI-enabled phones will live up to expectations. But Morgan Stanley said in a note to investors Monday that Apple was simply better prepared for the iPhone 16 release than past launches.

“Our supply-chain checks suggest that this cycle, Apple has asked its suppliers to prepare component inventories earlier than typical patterns to avoid supply constraints, in contrast to past cycles where supply shortages kept new model iPhone Pro/Pro Max supply/demand imbalanced for months,” Morgan Stanley’s Erik Woodring wrote. “We believe that better supply conditions are one of the contributing factors to why iPhone lead times are shorter this cycle than in recent cycles.”

Apple logo is shown in Hangzhou, China.(Photo by Costfoto/NurPhoto via Getty Images)

Apple logo is shown in Hangzhou, China. (Costfoto/NurPhoto via Getty Images) (NurPhoto via Getty Images)

Apple released its new iPad mini equipped to run its suite of AI features, Apple Intelligence, on Tuesday. Apple will begin its rollout of Apple Intelligence on Oct. 28, though Morgan Stanley notes that more significant updates will come in December and then again in March of 2025.

Despite a rocky start to 2024 — from struggling iPhone sales and layoffs to clashes with antitrust regulators at home and abroad — Apple stock is up 31% from last year, rising 3.6% over the last week alone. Analysts see the stock climbing further to $245.40 over the next 12 months, according to consensus estimates compiled by Bloomberg.

Apple is set to report earnings Oct. 31, and Wall Street analysts tracked by Bloomberg expect earnings to rise 9% from last year to $1.59 per share. Some 40 analysts recommend buying the stock, while 19 have a Hold rating and two recommend selling shares, Bloomberg data shows.

Laura Bratton is a reporter for Yahoo Finance. Follow her on X @LauraBratton5.

Click here for the latest stock market news and in-depth analysis, including events that move stocks

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Jim Cramer Says Earnings Season Will Fuel Market's Record Run, But Warns Of This 'Horrendous' Headwind That Could Apply Brakes To Rally

Jim Cramer Says Earnings Season Will Fuel Market's Record Run, But Warns Of This 'Horrendous' Headwind That Could Apply Brakes To Rally

Jim Cramer Says Earnings Season Will Fuel Market’s Record Run, But Warns Of This ‘Horrendous’ Headwind That Could Apply Brakes To Rally

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

The S&P 500 and the Dow Jones Industrial Average are perched at record highs, while the Nasdaq Composite is on the cusp of joining its major counterparts in record territory. Unfazed by the stretched valuations, CNBC Mad Money host Jim Cramer on Monday raised the specter of further upside.

Don’t Miss:

Earnings Boost: The market isn’t overbought and therefore there is room to run, Cramer said in a post. The stock picker apparently sees earnings as one of the biggest catalysts that can propel stocks higher.

The earnings flow resumes after a pause on Monday owing to the Columbus Day holiday.

JPMorgan Chase & Co. (NYSE:JPM) kickstarted the big bank earnings on Friday with a splash. The shares ended the session up over 4% after the third-quarter results came in ahead of expectations. JPMorgan’s peer Wells Fargo & Company (NYSE:WFC) also reported encouraging earnings.

More earnings will follow on Tuesday and notable among those reporting are:

  • Bank of America Corporation (NYSE:BAC)

  • Charles Schwab Corporation (NYSE:SCHW)

  • Citigroup Inc. (NYSE:C)

  • Goldman Sachs Group, Inc. (NYSE:GS)

  • PNC Financial Services Group, Inc. (NYSE:PNC)

  • Johnson & Johnson (NYSE:JNJ)

  • UnitedHealth Group Incorporated (NYSE:UNH)

  • Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

  • J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

  • United Airlines Holdings, Inc. (NASDAQ:UAL)

Data compiled by FactSet shows cumulative earnings of S&P 500 companies rising by 4.1% in the third quarter. Although a slowdown from the 11.2% growth in the second quarter, the profit growth streak will likely extend to five quarters.

Downside Risk: Cramer termed the bond market performance “horrendous,” potentially upsetting the equity market’s rhythm. “But the pesky bonds are back open tomorrow and they have been horrendous,” he said.

The bond market was closed on Monday and will reopen on Tuesday.

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Bond yields have begun to tick higher, especially after the September non-farm payrolls report surprised to the upside. The upward move solidified after the consumer price inflation for September came in more than expected.

The 10-year bond yield dipped under 3.6% in mid-September but has rallied above 4% since then, as investors unwind some of their aggressive rate-cut bets.

In an interview with CNBC, Fund Strat Head of Research Tom Lee said the unseasonable market trend showed macro data has become less important. A lot of cash that has remained on the sidelines is flowing back to the market, he said, adding that the economy has remained resilient as opposed to expectations for a recession.

When asked about the days when the market came back up from steep losses in the futures market and finished solidly higher, the strategist said skeptical investors, wary of a potential recession that never materialized, have remained under-invested in stocks. Earnings have also been resilient, he added.

The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the S&P 500 Index, rose 0.82% to $584.32 on Monday, according to Benzinga Pro data, marking a record closing high.

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This article Jim Cramer Says Earnings Season Will Fuel Market’s Record Run, But Warns Of This ‘Horrendous’ Headwind That Could Apply Brakes To Rally originally appeared on Benzinga.com

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Chatham Park Awarded for Excellence at the 2024 Parade of Homes

Six Builders Honored by the Home Builders Association for Exemplary Design in North Carolina’s Triangle Region

PITTSBORO, N.C., Oct. 16, 2024 /PRNewswire/ — Chatham Park, the 8,500-acre master-planned community in Pittsboro, received accolades for design excellence on behalf of six acclaimed builders in the Triangle area. These honors, celebrating outstanding design excellence, were announced by the Home Builders Association of Durham, Orange, and Chatham Counties (HBA DOC) on Thursday, Oct. 3rd, and by the Home Builders Association of RaleighWake County (HBA RWC) on Tuesday, Oct. 8th, during its highly anticipated annual Parade of Homes Awards Gala. Among the seven homes that achieved a distinction, one secured dual recognition, earning accolades from both organizations. This remarkable achievement underscores Chatham Park’s commitment to excellence in the creation of a vibrant, dynamic, and innovative community that sets a new standard for modern living.

The annual Triangle Parade of Homes stands as a beacon of architectural innovation and design excellence in North Carolina’s Triangle region. The three-weekend-long event is a showcase of the best and the brightest in the world of home construction and design, where builders, developers, and designers display their creativity and craftsmanship.

The 2024 winners from Chatham Park include:

Prewitt-Douglas Custom Homes – “Cedar Slope Cottage” (HBA DOC: Gold / HBA RWC: Silver)

Upton & Company – “The Annie” (HBA DOC: Gold)

Garman Homes – “The Lucky C” (HBA DOC: Gold)

David Weekley Homes – “The Inspiration” (HBA DOC: Silver)

David Weekley Homes – “The Rosebay” (HBA DOC: Silver)

Pulte Homes – “The Continental” (HBA DOC: Silver)

Upright Builders – “Cumberland Creek” (HBA DOC: Bronze)

“These awards are a testament to our devoted builders,” Executive Vice President of Preston Development Company Vanessa Jenkins says, “Who turn blueprints into forever homes, and to the vision that propels Chatham Park forward.”

Chatham Park and its builders have been awarded five years in a row by the HBAs of Wake, Durham, Orange, and Chatham counties. The master-planned community’s emphasis on innovation, one of the five pillars that inform every decision, inspires greater standards of responsible development and sets a bold precedent for those around it.

“Every award we receive is a testament to the passion and precision that defines us,” Jenkins says. “We’re not just crafting buildings; we’re crafting legacies.”

To learn more about Chatham Park and discover new home opportunities from the community’s award-winning builders, visit https://chathampark.com/ or connect on Facebook, Instagram, Twitter, or LinkedIn.

About Chatham Park

Developed by the award-winning Preston Development Company, Chatham Park is a technology-centric 8,500-acre live, work, play, learn master-planned community located just outside of Raleigh in Pittsboro, North Carolina. Founded on five pillars: Innovation, Connectivity, Quality Design, Healthy Balance, and Stewardship, the vision of Chatham Park is to offer a balanced, well-rounded lifestyle for those In Pursuit of a Life Well Lived. More than 2,000 acres will be dedicated to parks and open space in addition to a wide range of amenities, including over 30 miles of scenic walking, biking, and multimodal trails; access to the Haw River and Jordan Lake; an amphitheater for live music and entertainment; shops, dining, art galleries, and so much more.  

Cision View original content:https://www.prnewswire.com/news-releases/chatham-park-awarded-for-excellence-at-the-2024-parade-of-homes-302277779.html

SOURCE Chatham Park

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[Latest] Global Duty Free and Travel Retail Market Size/Share Worth USD 77.8 Billion by 2033 at a 8.30% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Austin, TX, USA, Oct. 16, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled Duty Free and Travel Retail Market Size, Trends and Insights By Product Type (Beauty and Personal Care, Wines and Spirits, Tobacco, Eatables, Fashion Accessories and Hard Luxury, Others), By Distribution Channel (Airports, Airlines, Ferries, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 in its research database.

“According to the latest research study, the demand of global Duty Free and Travel Retail Market size & share was valued at approximately USD 38.9 Billion in 2023 and is expected to reach USD 41.4 Billion in 2024 and is expected to reach a value of around USD 77.8 Billion by 2033, at a compound annual growth rate (CAGR) of about 8.30% during the forecast period 2024 to 2033.”

Click Here to Access a Free Sample Report of the Global Duty Free and Travel Retail Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=52693

Duty Free and Travel Retail Market: Growth Factors and Dynamics

  • Global Air Traffic and Passenger Trends: The Duty Free and Travel Retail market is witnessing substantial growth propelled by the increasing global air passenger traffic. Rising traveler numbers necessitate enhanced infrastructure and expanded retail spaces, offering diverse shopping options to meet the needs of international passengers.
  • Innovative Retail Strategies: Retailers in this segment are adopting innovative strategies to captivate travelers, including experiential retail concepts, personalized shopping experiences, and exclusive product offerings. Duty-free shops are increasingly incorporating digital technologies, such as augmented reality and virtual shopping assistants, to enhance customer engagement and streamline the purchasing process.
  • Luxury and Premium Product Demand: The demand for premium and luxury goods remains a key driver in the Duty Free and Travel Retail market. Travelers often seek high-end products, including luxury watches, designer apparel, and premium spirits, which are available at competitive prices in duty-free zones. This preference for luxury shopping enhances the appeal of duty-free outlets.
  • Strategic Partnerships and Alliances: Collaborations between airports, retailers, and global brands are pivotal in driving market growth. Strategic alliances help in curating exclusive collections, launching limited-edition products, and organizing high-profile promotional campaigns. These partnerships ensure a unique and appealing shopping experience for travelers.

Request a Customized Copy of the Duty Free and Travel Retail Market Report @ https://www.custommarketinsights.com/inquire-for-discount/?reportid=52693

Duty Free and Travel Retail Market: COVID-19 Analysis

  • Impact on Consumer Behavior: The COVID-19 pandemic has significantly altered consumer behaviors, with an increased focus on health, safety, and contactless shopping experiences. Duty-free retailers have adapted by implementing stringent hygiene protocols, offering touch-free payment options, and enhancing online shopping facilities for pre-order and in-flight purchases.
  • Operational Challenges: The pandemic-induced travel restrictions and reduced passenger volumes led to operational challenges for duty-free retailers. Decreased footfall in airports resulted in lower sales, prompting retailers to rethink their strategies. Diversification into essential products and the introduction of flexible return policies have helped mitigate some of these impacts.
  • Resilience and Adaptation: Despite the challenges, the Duty Free and Travel Retail market has shown resilience. Retailers have embraced digital transformation, leveraging e-commerce platforms to maintain sales and customer engagement. Virtual shopping experiences, home delivery services, and enhanced online product catalogues have become integral to their recovery strategies.
  • Shifts in Product Preferences: There has been a noticeable shift in product preferences during the pandemic, with travelers prioritizing health and wellness products, hygiene essentials, and comfort-focused items. This shift has influenced duty-free retailers to diversify their product offerings to include a broader range of wellness and personal care products.
  • Market Recovery and Future Outlook: As global travel resumes and passenger volumes rebound, the Duty Free and Travel Retail market is poised for recovery. Continued investments in digital innovation, customer-centric retail strategies, and sustainable practices will drive market growth. Retailers are expected to focus on enhancing the travel shopping experience, expanding product assortments, and leveraging data analytics to understand and meet evolving traveler needs.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 41.4 Billion
Projected Market Size in 2033 USD 77.8 Billion
Market Size in 2023 USD 38.9 Billion
CAGR Growth Rate 8.30% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Product Type, Distribution Channel and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Duty Free and Travel Retail report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Duty Free and Travel Retail report has been modified to include the COVID-19 impact study prior to delivery.)


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Duty Free and Travel Retail Market: Trends

  • Sustainability Initiatives: Environmental concerns are increasingly influencing consumer choices in the duty-free sector. Retailers are adopting sustainable practices, such as eco-friendly packaging, carbon-neutral products, and responsible sourcing of goods, to align with the growing demand for green travel and shopping options.
  • Personalization and Customer Experience: Travelers seek personalized shopping experiences, prompting retailers to offer customized product recommendations, exclusive offers, and loyalty programs. Personalized marketing strategies and tailored shopping experiences enhance customer satisfaction and foster brand loyalty.
  • Digital Integration: The integration of digital technologies is transforming the Duty Free and Travel Retail landscape. Retailers are utilizing mobile apps, digital kiosks, and interactive displays to provide seamless and engaging shopping experiences. E-commerce platforms enable travelers to browse and purchase products before their journey, enhancing convenience.
  • Local and Authentic Products: There is a rising preference for locally sourced and authentic products in duty-free shops. Travelers are drawn to unique souvenirs, regional specialties, and artisanal goods that reflect the local culture and heritage of their travel destinations.
  • Health and Wellness Focus: The pandemic has heightened awareness of health and wellness, driving demand for related products in the duty-free market. Retailers are expanding their offerings to include wellness products, supplements, and health-focused items, catering to the needs of health-conscious travelers.
  • E-commerce and Omnichannel Strategies: The rise of e-commerce and omnichannel strategies is reshaping the Duty Free and Travel Retail market. Retailers are adopting a seamless approach, integrating online and offline channels to provide a cohesive shopping experience. This strategy includes click-and-collect services, home delivery options, and personalized digital engagement. By adapting to these evolving trends and leveraging innovative strategies, the Duty Free and Travel Retail market is set to thrive, offering travelers an enhanced and memorable shopping experience.

Request a Customized Copy of the Duty Free and Travel Retail Market Report @ https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

Key questions answered in this report:

  • What is the size of the Duty Free and Travel Retail market and what is its expected growth rate?
  • What are the primary driving factors that push the Duty Free and Travel Retail market forward?
  • What are the Duty Free and Travel Retail Industry’s top companies?
  • What are the different categories that the Duty Free and Travel Retail Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Duty Free and Travel Retail market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2024−2033
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Duty Free and Travel Retail Research Report | Fast Delivery Available – [220+ Pages] @  https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

Duty Free and Travel Retail Market: Regional Analysis

North America is poised to dominate the global Duty Free and Travel Retail Market, primarily driven by technological advancements, widespread adoption of exclusive products, and a strong presence of key duty-free solution providers.

The United States holds a significant portion of the market share, fueled by investments in luxury retail and exclusive product offerings across industries such as airports and seaports.

The Asia-Pacific region’s Duty Free and Travel Retail segment is buoyed by the expanding affluence of its middle-class demographic, broadening the consumer base for luxury products. This shift is accompanied by a growing preference among travelers for premium goods, fueled by increasing disposable incomes.

Major cities such as Singapore, Hong Kong, Tokyo, and Beijing benefit from strategic airport and border crossing locations, enhancing accessibility and attractiveness for duty-free shopping experiences. Infrastructure developments across Asia-Pacific, including the construction of new terminals and the refurbishment of retail spaces at airports, are enriching the retail environment.

These enhancements not only cater to a rising number of tourists but also leverage the region’s status as a global travel hub. Digital technologies and e-commerce platforms are revolutionizing the retail landscape, offering consumers convenience and personalized shopping experiences.

Regulatory policies and collaborative partnerships between airports, retailers, and international brands play a pivotal role in shaping market expansion. These efforts optimize product offerings and create favorable regulatory environments that support the growth of Duty Free and Travel Retail markets across the Asia-Pacific region.

Europe’s Duty Free and Travel Retail Market is characterized by the adoption of advanced retail solutions across sectors such as airports, seaports, and travel hubs. The region’s emphasis on quality, exclusivity, and luxury drives the demand for scalable Duty Free and Travel Retail solutions that enhance product offerings and support business growth.

In summary, the Duty Free and Travel Retail Market is poised for significant growth from 2024 to 2033, driven by advancements in retail technologies, an increasing number of international travelers, and the growing emphasis on luxury and exclusive shopping experiences across industries worldwide.

The market’s expansion is supported by the growing demand for exclusive products and luxury experiences that optimize retail operations, ensure product exclusivity, and enhance shopping experiences for consumers seeking to achieve competitive advantage in a dynamic business environment.

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Browse the full Duty Free and Travel Retail Market Size, Trends and Insights By Product Type (Beauty and Personal Care, Wines and Spirits, Tobacco, Eatables, Fashion Accessories and Hard Luxury, Others), By Distribution Channel (Airports, Airlines, Ferries, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Report at https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

List of the prominent players in the Duty Free and Travel Retail Market:

  • Aer Rianta International
  • China Duty-free Group Co. Ltd.
  • Dubai Duty-free
  • Dufry
  • Duty-free Americas Inc.
  • Heinemann SE & Co. KG
  • James Richardson Group
  • King Power International
  • Lagardère Travel Retail
  • Lotte Duty-free
  • Sinsegae Duty-free
  • The Shilla Duty-free
  • Others

Click Here to Access a Free Sample Report of the Global Duty Free and Travel Retail Market @  https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

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  • Free 35% or 60 hours of customization.
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  • 25% discount on your next purchase.
  • Service guarantees are available.
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India MBA Education Market: India MBA Education Market Size, Trends and Insights By Institution type (Traditional Universities, Online Education Providers, Business Schools), By Program Format (Full-Time MBA Programs, Part-Time MBA Programs, Executive MBA (EMBA) Programs), By Specialization (General Management, Finance, Marketing, Entrepreneurship, Other), and By Region – Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033

Photographic and Photocopying Equipment Market: Photographic and Photocopying Equipment Market Size, Trends and Insights By Product Type (Cameras, Photocopiers and Printers, Scanners, Camera Accessories, Other Equipment), By Application (Consumer, Professional, Commercial, Industrial), By End-User (Individuals, Businesses, Government and Educational Institutions, Media and Entertainment), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033

School Supplies Market: School Supplies Market Size, Trends and Insights By Product Type (Stationery, Pens & Pencils, Notebooks & Paper, Erasers & Sharpeners, Highlighters & Markers, Art Supplies, Crayons & Colored Pencils, Paints & Brushes, Sketchbooks & Drawing Pads, Office Supplies, Binders & Folders, Calculators, Rulers & Compasses, Backpacks & Bags, Backpacks, Lunch Bags, Pencil Cases, Technology, Tablets & Laptops, USB Drives, Headphones, Miscellaneous, Glue & Tape, Scissors, Storage Solutions, Others), By End Users (Kindergarten, Mid-School, High School), By Distribution Channel (Online Retailers, Specialty Stores, Supermarkets & Hypermarkets, Stationery Stores, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033

Cross-Border Gifting Market: Cross-Border Gifting Market Size, Trends and Insights By Product Type (Physical Gifts, Digital Gifts, Personalized Gifts, Non-Personalized Gifts, Others), By Price Range (Luxury, Mid-range, Low Range), By Occasions (Birthdays, Holidays, Anniversaries, Corporate Gifts, Others), By End User (Individuals, Corporations, Retail Customers, Wholesalers), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033

Handyman Service Market: Handyman Service Market Size, Trends and Insights By Deployment (Online, Offline), By Repairs & Maintenance (Electricity, Plumbing, Non-HVAC Home Appliances, Gas, Heating, Ventilation and Air Conditioning), By Home Improvement Type (Construction, Interior Design), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033

Personal Fitness Trainer Market: Personal Fitness Trainer Market Size, Trends and Insights By Activity (Smartwatches, Head Mounted Displays, Smart Clothing, Ear Worn, Fitness Trackers, Body Worn Camera, Exoskeleton, Other), By End-user Industry (Fitness and Wellness, Medical and Healthcare, Infotainment, Industrial and Defense, Other), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033

The Duty Free and Travel Retail Market is segmented as follows:

By Product Type

  • Beauty and Personal Care
  • Wines and Spirits
  • Tobacco
  • Eatables
  • Fashion Accessories and Hard Luxury
  • Others

By Distribution Channel

  • Airports
  • Airlines
  • Ferries
  • Others

Click Here to Get a Free Sample Report of the Global Duty Free and Travel Retail Market @ https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Duty Free and Travel Retail Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Duty Free and Travel Retail Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Duty Free and Travel Retail Market? What Was the Capacity, Production Value, Cost and PROFIT of the Duty Free and Travel Retail Market?
  • What Is the Current Market Status of the Duty Free and Travel Retail Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Duty Free and Travel Retail Market by Considering Applications and Types?
  • What Are Projections of the Global Duty Free and Travel Retail Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Duty Free and Travel Retail Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Duty Free and Travel Retail Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Duty Free and Travel Retail Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Duty Free and Travel Retail Industry?

Click Here to Access a Free Sample Report of the Global Duty Free and Travel Retail Market @  https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

Reasons to Purchase Duty Free and Travel Retail Market Report

  • Duty Free and Travel Retail Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Duty Free and Travel Retail Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Duty Free and Travel Retail Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Duty Free and Travel Retail Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Duty Free and Travel Retail market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Duty Free and Travel Retail Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Duty Free and Travel Retail market analysis.
  • The competitive environment of current and potential participants in the Duty Free and Travel Retail market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Duty Free and Travel Retail market should find this report useful. The research will be useful to all market participants in the Duty Free and Travel Retail industry.
  • Managers in the Duty Free and Travel Retail sector are interested in publishing up-to-date and projected data about the worldwide Duty Free and Travel Retail market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Duty Free and Travel Retail products’ market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

Request a Customized Copy of the Duty Free and Travel Retail Market Report @  https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/

About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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CMI Consulting LLC

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Buy this Premium Duty Free and Travel Retail Research Report | Fast Delivery Available – [220+ Pages] @  https://www.custommarketinsights.com/report/duty-free-and-travel-retail-market/


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Uncategorized

Craft Glue Market Expand at a Noteworthy CAGR of 4.5%, Reaching US$ 6,471.3 Million by 2034 | Fact.MR Report

Rockville, MD , Oct. 16, 2024 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global Craft Glue Market is estimated to reach a valuation of US$ 4,167.0 million in 2024 and is expected to grow at a CAGR of 4.5% during the forecast period of (2024 to 2034).

The craft glue market is significantly growing due to increased interest in do-it-yourself projects among both young and old, and many other art-related crafts. Products in highest demand within the crafting arena include liquid adhesives, glue sticks, spray adhesives, and those more specialized for wood, fabric, and paper. Social media has helped foster the interest in crafting as many influential figures and artisan enthusiasts tend to show their projects and techniques through these online platforms. This would, therefore, translate into a growing demand for better craft adhesives, which have strong bonding characteristics and are easy to apply.

 The craft glue market is characterized by an innovative spirit, with manufacturers ceaselessly working on new formulas that underline safety, non-toxicity, and compatibility with the environment.

Water-based and solvent-free adhesives have gained traction, appealing to eco-conscious consumers and parents seeking safe products for children. The distribution channels for craft adhesive include physical stores, specialty craft shops, and e-commerce, whereby the consumer has easy access and a wide variety of options to choose from. Additionally, the market is also witnessing growth in the education sector, as crafting activities are part of educational programs for enhancing creativity and fine motor skills among students.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=6038

Key Takeaways from Market Study:

  • The global craft glue market is projected to grow at 5% CAGR and reach US$ 6,471.3 million by 2034
  • The market created an opportunity of US$ 2,304.2 million between 2024 to 2034
  • North America is a prominent region that is estimated to hold a market share of 7 % in 2024
  • PVA glue under product type segment is estimated to grow at a CAGR of 5% creating an absolute $ opportunity of US$ 751.7 million between 2024 and 2034
  • North America and East Asia are expected to create an absolute $ opportunity of US$ 1,401.1 million collectively

 The craft glue market is poised for continued expansion, driven by rising consumer interest in DIY crafts and sustainable products. Innovations in adhesive technology are enhancing product offerings, aligning with market trends toward eco-friendliness and safety. ” says a Fact.MR analyst.

Leading Players Driving Innovation in the Craft Glue Market:

3M Company; Henkel AG (Loctite); Franklin International (Titebond); DAP Products Inc.; Gorilla Glue Company; Elmer’s Products, Inc.; Beacon Adhesives; Plaid Enterprises (Mod Podge); Faber-Castell; UHU; Araldite; E6000; Aleene’s; Other Prominent Players.

Market Development:

Key players in the craft glue market are 3M Company, Henkel AG (known for Loctite), Franklin International (Titebond), DAP Products Inc., Gorilla Glue Company, and Araldite. These companies are dedicated to R&D investments to address industry-specific challenges and deliver tailored solutions that enhance competitiveness and customer satisfaction.

Recent innovations include, Franklin International has expanded its manufacturing facilities with a new site in New Smyrna Beach, Florida in Apr 2021, in an attempt to better meet the production demand for water-based formulations of caulk and sealants that answer strategic growing demand in the market.

In Mar 2023, Henkel introduced Loctite® Super Glue Ultra Gel Control featuring a precision tip to apply with ease, ideal for a variety of surfaces including wood, metal, and ceramics.

In Jan 2024, Gorilla Glue introduced a new line of adhesives developed for crafts. A clear grip adhesive and a fast-drying glue stick would undoubtedly attract the growing do-it-yourself market.

Craft Glue Industry News:

  • In Apr 2021, Franklin International has expanded its manufacturing facilities with a new site in New Smyrna Beach, Florida, in an attempt to better meet the production demand for water-based formulations of caulk and sealants that answer strategic growing demand in the market.
  • In Mar 2023, Henkel introduced Loctite® Super Glue Ultra Gel Control, which features a precision tip for simple application and is fitting for a variety of surfaces, including wood, metal, and ceramics.

Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=6038

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global Craft Glue market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights on the basis of product type (PVA glue, hot glue sticks, epoxy adhesives, super glue, spray adhesives, and other types (fabric glue, wood glue), formulation type (water-based, solvent-based, others (natural, non-toxic Etc.), packaging (bottles, tubes, sticks, spray cans, bulk containers), sales channel (offline, online) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).

Segmentation of Craft Glue Industry Research:

By Product Type :

  • PVA Glue
  • Hot Glue Sticks
  • Epoxy Adhesives
  • Super Glue
  • Spray Adhesives
  • Other Types (Fabric Glue, Wood Glue Etc.)

By Formulation :

  • Water-based
  • Solvent-based
  • Others (Natural, Non-toxic Etc.)

By Packaging :

  • Bottles
  • Tubes
  • Sticks
  • Spray cans
  • Bulk containers

By Sales Channel :

  • Offline
    • Convenience Stores
    • Retailers & Distributors
    • Supermarkets & Hypermarkets
  • Online

Checkout More Related Studies Published by Fact.MR Research: 

 The global guaiacol market is analyzed to generate a turnover of US$ 332.74 million in 2024 and is further projected to rise at a CAGR of 2.1% to reach a value of US$ 408.48 million by 2034.

The global gas separation membrane market is forecasted to expand at a CAGR of 7.4% from 2024 to 2034. The market is estimated to reach a worth of US$ 986.4 million in 2024 and is further projected to reach a size of US$ 2.01 billion by 2034-end.

The global polyolefin compound market is estimated at a value of US$ 283.69 million in 2024 and is evaluated to reach a size of US$ 433.46 million by the end of 2034. Worldwide demand is forecasted to advance at a 4.3% CAGR between 2024 and 2034.

The global heptaldehyde market is evaluated to touch a valuation of US$ 854.97 million in 2024 and is projected to increase at a CAGR of 5.1% to reach US$ 1.4 billion by the end of 2034.

Worldwide revenue from the sales of rubber additives market is estimated to stand at US$ 3.91 billion in 2024 and is slated to increase at a CAGR of 3.8% to reach US$ 5.7 billion by 2034.

About Us: 

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.  

Contact: 
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Suite 400 
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United States 
Tel: +1 (628) 251-1583 
Sales Team: sales@factmr.com 
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Uncategorized

Lam Research (LRCX) Stock Trades Down, Here Is Why

LRCX Cover Image

Lam Research (LRCX) Stock Trades Down, Here Is Why

What Happened?

Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX) fell 9.7% in the afternoon session as semiconductor stocks fell after ASML, the biggest supplier of equipment used in making advanced chips, pre-announced weak earnings. ASML expects fiscal year 2025 sales to come in between 30 billion euros and 35 billion euros, at the lower half of the range it had previously provided. Similarly, bookings for the quarter are reportedly below expectations.

Reuters noted that the quarterly earnings numbers were mistakenly published a day earlier than expected.

Management noted that while the potential in the AI (artificial intelligence) market remained strong, other markets were taking too long to recover, with the observed trend expected to continue into 2025.

Lastly, CFO Roger Dassen projected China’s contribution to overall revenue to be around 20% (down from the recent estimate of 49%), hinting at potential weakness in the region. ASML’s technology is used by chipmakers like Nvidia, AMD, Intel, and Samsung to make advanced chips, including those specially designed for AI workloads.

Given the company’s (ASML) critical role in the semiconductor manufacturing process, the weak earnings and outlook could signal a possible softening in the industry.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Lam Research? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Lam Research’s shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 19 days ago when the stock gained 7.5% as semiconductor stocks, especially the memory chip manufacturers, surged after Micron reported impressive fourth-quarter earnings results. Micron beat across most of the key metrics we track, including revenue, operating profit, and EPS. Notably, the company recorded a whopping 93% revenue growth compared to the previous year, showing that the AI party is still ongoing. Micron attributed the outperformance to the growing demand for memory chips that power generative AI applications.

Looking ahead, Micron provided strong sales and profitability guidance for the next quarter, which exceeded Wall Street’s expectations. Overall, the result highlights the abundant growth opportunities for chip makers with technologies to accelerate the booming AI trend.

Lam Research is up 3.3% since the beginning of the year, but at $77.41 per share, it is still trading 31.3% below its 52-week high of $112.73 from July 2024. Investors who bought $1,000 worth of Lam Research’s shares 5 years ago would now be looking at an investment worth $3,198.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.

StockStory aims to help individual investors beat the market.

StockStory aims to help individual investors beat the market.

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4 Big Social Security Changes Coming in 2025 May Surprise Many Retirees

Several aspects of the Social Security program are revised each year to keep payments aligned with inflation and wages. Given that the Social Security Administration says that for about half of U.S. retirees, those benefits provide at least half their retirement income, it is imperative that retirees (and workers nearing retirement) understand those changes. Unfortunately, confusion about the program is common.

The 2024 Social Security Survey conducted by Nationwide Retirement Institute, an insurance and financial services company, found that many adults misunderstand basic aspects of the program. Here are four big changes coming to Social Security in 2025 that may surprise retirees.

A Social Security card intermixed with U.S. currency.

Image source: Getty Images.

1. Social Security benefits will get a 2.5% cost-of-living adjustment (COLA)

According to the Nationwide Retirement Institute, 66% of surveyed adults this past summer incorrectly marked the following statement as true: “Social Security is not protected against inflation.” Meanwhile, 61% of adults incorrectly marked the following statement as true: “Your monthly Social Security benefits amount will be reduced if deflation occurs.”

Consequently, some people will be pleasantly surprised to learn that the buying power of Social Security payments benefits is cushioned against inflation by cost-of-living adjustments (COLAs) almost every year.

In any given year, the COLA applied to Social Security payments depends on how a subset of the Consumer Price Index known as the CPI-W changed during the third quarter of the previous year. For instance, the CPI-W increased 2.5% in the third quarter of 2024, which means Social Security benefits will increase 2.5% in 2025. But COLAs can only be positive — benefits are never adjusted downward, even when there’s deflation. At worst, following a year when Q3 inflation was zero or less, there will be no change to retirees’ checks.

The Social Security Administration estimates the average retired worker’s benefit will increase from $1,927 per month in 2024 to $1,976 per month in January 2025. That means the average retired worker will receive an additional $49 per month in 2025, or $588 more for the year.

2. Some workers will pay more in payroll taxes

According to Nationwide, 74% of its survey respondents incorrectly marked the following statement as true: “Workers pay Social Security taxes on all of their income.” In fact, while Social Security is funded by a payroll tax, the amount of their income subject to taxation is capped.

The maximum taxable earnings limit is generally revised upward each year to account for changes in the average wage. For instance, the taxable maximum is $168,600 right now, but it will increase to $176,100 in 2025. So, in 2025, any income a person has exceeding $176,100 will be exempt from the Social Security payroll tax.

Employees generally pay 6.2% of their income to Social Security, while their employers are responsible for an equal amount. So, this year, the most a W-2 employee could pay in payroll taxes is $10,453 (i.e., 6.2% of $168,600). That will increase to $10,918 next year (i.e., 6.2% of $176,100), meaning some workers will pay up to $465 more in payroll taxes in 2025.

3. The maximum Social Security benefit for new retirees will increase

Among respondents to the Nationwide survey, 51% disagreed with the following statement: “I know exactly how to maximize my Social Security benefits.” On a related note, 40% of surveyed adults incorrectly marked this statement as false: “There is a cap to how much Social Security benefits you can get.”

There is indeed a maximum Social Security benefit. To accrue the biggest monthly payouts possible, a worker’s income would have to equal or exceed the taxable earnings limit for at least 35 years. In addition, they would have to delay claiming Social Security until they reach 70, which would give them all the delayed retirement credits available.

Social Security’s benefits formula is modified annually to account for changes in the average wage, such that the maximum payout typically increases each year. For instance, the maximum monthly benefit for newly awarded retirees is currently $4,873, but that figure will increase to $5,108 per month in 2025.

4. Retirees under FRA will be able to earn more money before any of their Social Security benefits are withheld

Among respondents to the Nationwide survey, 44% incorrectly marked this statement as false: “Some of your benefits may be withheld if you’re still working before your full retirement age (FRA).” But it’s true: When people who are taking their benefits before their full retirement age have wage income that exceeds the retirement earnings test (RET) amounts, some of their benefits will be withheld.

There are actually two RET limits — a lower limit that applies to Social Security beneficiaries who will not reach FRA during the year, and a higher limit for beneficiaries who will reach their FRA during the year. The RET limits are usually revised higher each year to account for changes in the average wage. Next year, those limits will be $23,400 and $62,160.

Retirees who are under their FRA for the full year will have $1 in benefits withheld for every $2 they have in earnings above $23,400. Retirees who reach their FRA during the year will have $1 in benefits withheld for every $3 they earn above $62,160. Importantly, the RET amounts no longer apply to money earned during the months after that beneficiary reaches their FRA.

But as the Social Security Administration points out: “It is important to note that any benefits withheld while you continue to work are not “lost”. Once you reach [FRA], your monthly benefit will be increased permanently to account for the months in which benefits were withheld.”

The $22,924 Social Security bonus most retirees completely overlook

If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $22,924 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Simply click here to discover how to learn more about these strategies.

View the “Social Security secrets” »

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4 Big Social Security Changes Coming in 2025 May Surprise Many Retirees was originally published by The Motley Fool