Future Prospects of Global Laboratory Proficiency Testing Market

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Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
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Vodka Market Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

 

Vodka Market
Vodka Market

Despite the recent slow growth, the global vodka market is expected to grow at a faster rate in the coming years due to rising demand for premium vodka and the growing popularity of cocktail culture. During this time, APAC will be a key market for vodka, accounting for approximately 32% of market growth. The growth of organised retailing is also a major factor influencing vodka demand.

The growing popularity of private-label vodkas in countries such as the United States is fueling market growth. Private-label vodkas are becoming increasingly popular as the demand for flavoured vodkas and vodka cocktails grows. Furthermore, the availability of organic vodka will have an impact on the growth of the US vodka market.

Vodka is typically made from fermented potatoes and grain and has a standard alcohol concentration of 40% ABV. It is made up of ethanol and water. Growing demand for cocktails in both developed and developing countries is a major factor driving the global vodka market's expansion. Furthermore, people rapidly changing lifestyles and growing urbanisation, combined with their high disposable income, propelling the global vodka market forward. Furthermore, rising demand for fruit-based and healthy vodka is expected to drive the global vodka market forward.

However, the growing popularity of craft beer among consumers, as well as the availability of alternative in the market, are expected to limit the growth of the global vodka market. Furthermore, the government's stringent regulations and heavy taxation are impeding the growth of the global vodka market. Despite this, consumption habits and various innovations such as fruit-based healthy vodka are expected to provide significant opportunities for the global vodka market over the forecasted period. In contrast, the vodka industry is facing competition from non-alcoholic beverage products, which is posing a significant challenge to the vodka market.

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