Free-to-play Pricing Model Offers Potential Growth
Free-to-play is the pricing model that is preferred by most of the mobile game developers because of its unlimited potential and can be downloaded without any charge. This allows players to sample a game before deciding whether they want to commit time or money, and tend to accrue higher revenues.
Games such as Pokemon GO are following a free to play game model, and according to Bank of America, in the United States in 2016, 27 million users were playing this. It is estimated to cross 67 million by 2020. And in the Asia Pacific region, the number of players is set to expand from 84 million to 311 million in the same timeframe. Therefore the increasing number of users is expected to have a positive outlook on the market.
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The almond ingredients market was valued at USD 9,313.3 million in 2019. It is projected to reach USD 16,965.0 million by 2025, at a CAGR of 10.5% during the forecast period.
Numerous nutritional benefits offered by almond and almond ingredients, a rapid increase in almond-based product launches by key players in the food & beverage market, growing inclination of consumers toward plant-based and gluten-free products, and associations and organizations promoting the nut ingredient industry are the key factors projected to drive the growth of the almond ingredients market during the forecast period. However, the growth of the almond ingredients market is inhibited by factors, such as unstable prices of raw materials and growing incidences of almond allergy among consumers.