The global sports tourism market was valued at USD 559.6 billion in 2020 and growing at a CAGR of 6.0% during the forecast period, Sports, travel, and tourism are all interrelated. Sports tourism is now a deep-rooted niche marketplace in the travel industry, whether it is skilled athletes or officials attending tournaments and events or fans flying to a country to witness a worldwide sports league
The global astaxanthin market was valued at USD 238.2 million in 2020 and growing at a CAGR of 17.7% during the forecast period., To chase the growing demand for nutraceutical products, the marketplace players are meaningly growing their production capacity and distribution network. Such as, in April 2022, Beijing Gingko Group declared a second-time expansion of its astaxanthin farm capacity in the Pristine region in the last 2 years
Besides, the growing demand for the automatic fire ball extinguisher among the several application as construction sectors, automobiles, military trucks, and aircraft are likely to propel the marketplace development over the estimated period
The vital aspects driving the marketplace's is the rising population of sports enthusiasts, together with increased urbanization and the enlargement of the online retail industry.
The World Bank predicts that global remittance flows will reach $553 billion in 2021 and $574 billion in 2022, indicating a positive outlook for the industry.