Katrina Kaif's Kay Beauty to Launch at Space NK
'Just keep it between us and the thousands of people watching online,' Lightfoot joked to executive editor Priya Rao during the forum's first session, where he spoke alongside Nykaa Beauty CEO Anchit Nayar. Kay Beauty was launched in 2019 by Kaif in partnership with Nykaa Beauty, India's largest beauty retailer. Space NK is the brand's first retail partnership outside of India, and the brand will launch there in August, in tandem with Space NK's store opening in Birmingham, its largest store outside of London.
Lightfoot said the retailer discovered the brand when Space NK chief commercial officer Margaret Mitchell met Nayar in 2022 at The Business of Beauty Global Forum, citing it as an example of the retailer's differentiating strategy of 'hunting' compelling and rare beauty labels.
'Our mentality is to find those brands, wherever they are, and bring them back to the UK,' Lightfoot said, noting that 13 percent of the country's population come from the Indian subcontinent.
Kay Beauty's collection spans products for the lips, eyes and complexion, with most prices under 1500 INR ($14 USD).
Learn more:
Nykaa Expects Strong Growth as Shoppers Keep Spending on Luxury Beauty
Indian beauty retailer Nykaa said it expects its rapid growth to continue as it expands into smaller cities and shoppers continue to favour premium brands.
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[Latest] Global Arabinogalactan Market Size/Share Worth USD 312 Million by 2034 at a 4.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
Austin, TX, USA, Aug. 06, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled 'Arabinogalactan Market Size, Trends and Insights By Type (Western Larch Source, Mongolian Larch Source), By Application (Food & Dietary Supplement, Pharmaceutical, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034' in its research database. 'According to the latest research study, the demand of the global Arabinogalactan Market size & share was valued at approximately USD 201 Million in 2024 and is expected to reach USD 209 Million in 2025 and is expected to reach a value of around USD 312 Million by 2034, at a compound annual growth rate (CAGR) of about 4.5% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Arabinogalactan Market @ Arabinogalactan Market Overview Arabinogalactan is the biopolymer formed by the combining of galactose and arabinose. Although many plants provide this type of polysaccharide, larch trees (Larix species) and several medicinal herbs particularly abound in it. Arabinogalactan is well-known for water solubility, prebiotic properties, and immune-boosting action. It is used widely in food, medicine, and dietary supplements as well as in the manufacturing of adhesives and paper. Arabinogalactan demand is increasing as consumers choose natural, plant-based, and functional components in food products and dietary supplements. Often used as a prebiotic to support immune activity and intestinal health, Arabinogalactan is also being increasingly used as a prebiotic to enhance animal gut health and digestion in the companies of pet food and cattle. Improved understanding of natural substitutes for antibiotics in animal feed is driving market expansion. Request a Customized Copy of the Arabinogalactan Market Report @ Arabinogalactan Market Growth Factors and Dynamics Growth In Animal Feed Industry Arabinogalactan is gaining popularity in the animal feed industry due to its prebiotic properties and potential health advantages to animals. Arabinogalactan acts as a prebiotic, encouraging the growth of healthy gut bacteria in animals; hence, it improves nutrient absorption and overall health. Furthermore, being a plant-derived molecule, arabinogalactan is consistent with the industry's shift toward natural and sustainable feed additives, addressing customer demand for sustainably sourced animal products. For instance, according to the American Feed Industry Association, the United States has about 5,650 facilities that manufacture animal food and produce more than 284 million tons of finished feed and pet food per year. Increasing Application In Cosmetic And Personal Care Growing demand from the cosmetic and personal care sector drives the market growth. Since arabinogalactan has the ability to improve skin moisture and strengthen the skin barrier, making them appealing ingredient in skincare products, including lotions, creams, and masks. Furthermore, its ability to increase skin suppleness and diminish the appearance of fine wrinkles has led to its use in anti-aging formulas. Natural and plant-based ingredients in personal care products are becoming increasingly popular among consumers. Arabinogalactan follows this trend, providing a natural alternative to synthetic chemicals. (A free sample of the Arabinogalactan report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: The updated report for 2024 includes an Introduction, an Overview, and an in-depth industry analysis. We have included the COVID-19 Pandemic Outbreak Impact Analysis 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 2025 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 Arabinogalactan report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Arabinogalactan Market Report @ Presence Of Substitutes The presence of substitute product hampers the industry expansion. Guar gum, gum arabic, and starch has similar application and properties as compared to the product. Guar gum and gum arabic are frequently less expensive substitutes, making them attractive options for producers looking to cut production costs. This price disparity may hinder the widespread use of arabinogalactan in certain applications. Key questions answered in this report: What is the size of the Arabinogalactan market and what is its expected growth rate? What are the primary driving factors that push the Arabinogalactan market forward? What are the Arabinogalactan Industry's top companies? What are the different categories that the Arabinogalactan 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 Arabinogalactan market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 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 Arabinogalactan Research Report | Fast Delivery Available – [220+ Pages] @ Report Scope Feature of the Report Details Market Size in 2025 USD 209 Million Projected Market Size in 2034 USD 312 Million Market Size in 2024 USD 201 Million CAGR Growth Rate 4.5% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Type, Application 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. Request a Customized Copy of the Arabinogalactan Market Report @ (We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? Email Directly Here with Detail Information: [email protected] Browse the full ' Arabinogalactan Market Size, Trends and Insights By Type (Western Larch Source, Mongolian Larch Source), By Application (Food & Dietary Supplement, Pharmaceutical, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 ' Report at Arabinogalactan Market Regional Analysis North America is projected to dominate the arabinogalactan market. The regional growth is owing to the emphasis on natural and organic products, especially in functional foods and dietary supplements. In addition, the region is home to a substantial amount of the world's larch trees, which are the principal source of arabinogalactan, ensuring a steady supply for a variety of applications. However, the Asia Pacific is growing at a rapid rate over the projected period. This is due to the rising awareness regarding health and increasing disposable income. Click Here to Access a Free Sample Report of the Global Arabinogalactan Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures The subscription-based option is offered. Best price guarantee Free 35% or 60 hours of customization. Free post-sale service assistance. 25% discount on your next purchase. Service guarantees are available. Personalized market brief by author. 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Biosynth Ltd. DaVinci Laboratories of Vermont Dextra Laboratories Ltd. ELICITYL S.A. Enomark Jeeva Organic Lonza Group AG Megazyme Ltd. by Neogen Corporation Merck KgaA Others Click Here to Get a Free Sample Report of the Global Arabinogalactan Market @ The Arabinogalactan Market is segmented as follows: By Type Western Larch Source Mongolian Larch Source By Application Food & Dietary Supplement Pharmaceutical Others 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 Arabinogalactan Market Research/Analysis Report Contains Answers to the following Questions. Which Trends Are Causing These Developments? Who Are the Global Key Players in This Arabinogalactan Market? What are Their Company Profile, Product Information, and Contact Information? What Was the Global Market Status of the Arabinogalactan Market? What Was the Capacity, Production Value, Cost and PROFIT of the Arabinogalactan Market? What Is the Current Market Status of the Arabinogalactan Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Arabinogalactan Market by Considering Applications and Types? What Are Projections of the Global Arabinogalactan 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 Arabinogalactan Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Arabinogalactan Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Arabinogalactan Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Arabinogalactan Industry? Click Here to Access a Free Sample Report of the Global Arabinogalactan Market @ Reasons to Purchase Arabinogalactan Market Report Arabinogalactan Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Arabinogalactan 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. Arabinogalactan 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. Arabinogalactan 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 Arabinogalactan 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 Arabinogalactan Research Report | Fast Delivery Available – [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Arabinogalactan market analysis. The competitive environment of current and potential participants in the Arabinogalactan 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 Arabinogalactan market should find this report useful. The research will be useful to all market participants in the Arabinogalactan industry. Managers in the Arabinogalactan sector are interested in publishing up-to-date and projected data about the worldwide Arabinogalactan market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Arabinogalactan 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 Arabinogalactan Market Report @ 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. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 737-734-2707 India: +91 20 46022736 Email: [email protected] Web: Blog: Blog: Blog: Blog: Buy this Premium Arabinogalactan Research Report | Fast Delivery Available – [220+ Pages] @ Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
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Business Upturn
36 minutes ago
- Business Upturn
[Latest] Industrial Hemp Market Size Will Attain USD 46.41 Billion by 2032 Growing at 21.1% CAGR – Exclusive Report by Zion Market Research
By GlobeNewswire Published on August 6, 2025, 22:15 IST NEW YORK, USA, Aug. 06, 2025 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled 'Industrial Hemp Market By Type (Seeds, Fiber, And Shivs), By Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, And Others), And By Region – Global And Regional Industry Overview, market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032' in its research database. 'According to the latest research study, the global industrial hemp market size was valued at around USD 8.29 billion in 2023. The market is expected to grow at a CAGR of 21.1% and is anticipated to reach a value of USD 46.41 billion by 2032.' Get a Free Sample PDF of this Research Report for more Insights – (A free sample of this report is available upon request; please get in touch with us for more information.) Industrial Hemp Market Overview: Industrial hemp refers to a variety of the cannabis sativa plant specifically grown for industrial and commercial applications. The market is dedicated to the cultivation, processing, and distribution of cannabis sativa plants containing less than 0.3% THC for commercial applications. These crops provide raw materials for textiles, construction materials, food products, personal care items, and CBD extracts. Industrial hemp serves multiple industries with sustainable alternatives to conventional materials, offering superior environmental benefits through carbon sequestration and reduced resource consumption. Advanced processing technologies now enable more efficient extraction and refinement of hemp derivatives. Report Scope: Report Attribute Report Details Market Size in 2023 USD 8.29 Billion Market Forecast in 2032 USD 46.41 Billion Growth Rate CAGR of 21.1% Base Year 2023 Forecast Years 2024- 2032 Key Companies Covered Industrial Hemp Manufacturing, Hemp-E, Mollerup, Valley Bio Limited, Hemp, Inc., Bombay Hemp Company, UAB Agropro, Hemp Oil Canada, HempFlax, and Hemp Food Australia Segments Covered By Type, By Application, and By Region Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Customization Scope Avail customized purchase options to meet your exact research needs. Directly Purchase a Copy of the Report | Quick Delivery Available – Key Insights from Primary Research As per the analysis, the industrial hemp market share is likely to grow above a CAGR of around 21.1% between 2024 and 2032. The industrial hemp market size was worth around US$ 8.29 billion in 2023 and is estimated to hit approximately US$ 46.41 billion by 2032. Due to a variety of driving factors, the market is predicted to rise at a significant rate. Based on type, the seeds segment is growing at a high rate and is projected to dominate the global market. On the basis of application, the textiles segment is projected to swipe the largest market share. On the basis of region, North America is expected to dominate the global market during the forecast period. Industrial Hemp Market: Growth Drivers Industrial hemp is an exceptionally renewable resource. The crop, once harvested, generates a high yield of edible proteins and fibers, with over 50,000 product applications. The need for industrial hemp products is increasing significantly daily, due to the rising health awareness among global consumers. The increasing global demand for hemp-based food items is expected to drive the global industrial hemp market over the forecast period. Consumers are majorly switching to natural products, which is further likely to fuel the industrial hemp market in the upcoming years. Industrial hemp has major applications in fuel, textiles, biodegradable plastics, healthy food, paper making, and the construction industries. It can also be used as an alternative for various products, such as tree paper and as raw material for the production of plastics and cosmetics. Additionally, the rising need for a healthy lifestyle is also predicted to provide significant growth opportunities to the players engaged in the industrial hemp market. Browse the full 'Industrial Hemp Market By Type (Seeds, Fiber, And Shivs), By Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, And Others), And By Region – Global And Regional Industry Overview, market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032' Report at Industrial Hemp Market: Segmentation The report includes major segments like type, application, and region. Based on type, the global industrial hemp market includes seeds, fiber, and shivs. The seeds segment accounted for a significant market share in 2023, due to the increasing demand for seedcakes, oil, and numerous nutraceutical and food products. Nutraceutical products have high nutritional value and fatty acid content. The fiber segment contributed a substantial revenue share in 2023, due to the increasing product demand from the textile industry to produce spun fibers, yarns, and a wide range of industrial textiles. Based on application, the global industrial hemp market includes animal care, textiles, automotive, furniture, food and beverages, paper, construction materials, personal care, and others. The textiles segment contributed a major revenue share to the global market in 2023. This can be attributed to the increasing demand for industrial hemp for the manufacturing of consumer (fine textiles, apparel, denim, fabrics, etc.) and industrial textiles. Regional Analysis: By region, the North America region contributed a major revenue share to the global industrial hemp market in the year 2023. This regional share can be attributed to the increasing demand for fiber- and seed-based products that are majorly used in personal care, cosmetics, textiles, and food and beverage industries. The Asia Pacific industrial hemp market is predicted to register the highest growth rate over the forecast timeframe, owing to the increasing use of fibers in the manufacturing of biodegradable textiles. Request For Customization on This Report as Per Your Requirements – Competitive Landscape: The report contains qualitative and quantitative research on the global industrial hemp market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global industrial hemp market include; Industrial Hemp Manufacturing Hemp-E Mollerup Valley Bio Limited Hemp Inc. Bombay Hemp Company UAB Agropro Hemp Oil Canada HempFlax Hemp Food Australia Recent Industry Developments: In 2024, Canopy Growth launched an innovative hemp-based biodegradable packaging solution targeting the food and beverage industry, addressing the growing demand for sustainable packaging alternatives. In 2024, Hempco Food and Fiber introduced a patented decortication technology that significantly increases fiber yield and quality, enhancing economic viability for industrial applications. The global industrial hemp market is segmented as follows: By Type By Application Animal Care Textiles Automotive Furniture Food and Beverages Paper Construction Materials Personal Care Others By Region North America Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Free Brochure of the Global industrial hemp Market @ Key Questions Answered in This Report: What is the industrial hemp? Which key factors will influence industrial hemp market growth over 2024-2032? What will be the value of the industrial hemp market during 2024-2032? What will be the CAGR value of the industrial hemp market during 2024-2032? Which region will contribute notably towards the industrial hemp market value? Which are the major players leveraging the industrial hemp market growth? What can be expected from the global industrial hemp market report? Key Offerings: Full in-depth analysis of the parent market Important changes in market dynamics Segmentation details of the market Former, on-going, and projected market analysis in terms of volume and value Assessment of niche industry developments Market share analysis Key strategies of major players Emerging segments and regional markets Testimonials to companies in order to fortify their foothold in the market Browse Other Related Research Reports from Zion Market Research Raw Pet Food Market By Animal Type (Cats, Dogs, and Others), By Food Type (Wet Food and Dry Food), By Distribution Channel (Offline and Online), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Animal Type (Cats, Dogs, and Others), By Food Type (Wet Food and Dry Food), By Distribution Channel (Offline and Online), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Fast Food QSR Market By Service Type (Delivery, Takeaway, and Dine-In), By Restaurant Type (Independent and Chain), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Service Type (Delivery, Takeaway, and Dine-In), By Restaurant Type (Independent and Chain), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Tamarind Extract Market By Product Type (Powder, Liquid, Paste, and Concentrated Forms), By Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Industrial Applications), By Distribution Channel (Direct Sales, Retail Stores, Online Platforms, and Specialty Food Distributors), By End-User (Food Manufacturers, Pharmaceutical Companies, Cosmetic Brands, and Individual Consumers), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Product Type (Powder, Liquid, Paste, and Concentrated Forms), By Application (Food and Beverages, Pharmaceuticals, Cosmetics, and Industrial Applications), By Distribution Channel (Direct Sales, Retail Stores, Online Platforms, and Specialty Food Distributors), By End-User (Food Manufacturers, Pharmaceutical Companies, Cosmetic Brands, and Individual Consumers), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Mayonnaise Market By Product Type (Flavored and Plain), By Category (Egg-Based Mayonnaise and Eggless Mayonnaise), By Distribution Channels (Business-to-Customer and Business-to-Business), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Product Type (Flavored and Plain), By Category (Egg-Based Mayonnaise and Eggless Mayonnaise), By Distribution Channels (Business-to-Customer and Business-to-Business), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Brewing Ingredients Market By Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, Beer Additives), By Brewery Size (Macro Brewery, Craft Brewery), By Function Type (Fragrance, Preservatives, Flavor, Proteins), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 By Source (Malt Extract, Adjuncts/Grains, Hops, Beer Yeast, Beer Additives), By Brewery Size (Macro Brewery, Craft Brewery), By Function Type (Fragrance, Preservatives, Flavor, Proteins), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 Soft Drinks Market By Product Type (Carbonated Soft Drinks, Bottled Water, Juices and Nectars, Functional Drinks, and Others), By Packaging (Plastic Bottles, Glass Bottles, Metal Cans, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Food Service), By Consumer Segment (Children, Young Adults, Middle-Aged Adults, and Seniors) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034 About Zion Market Research: Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business. Contact Us: Zion Market Research USA/Canada Toll Free: 1 (855) 465-4651 | Newark: 1 (302) 444-0166 UK: +44 2032 894158 India: +91 7768 006 007 | +91 7768 006 008 Email: [email protected] | Web: Follow Us on – LinkedIn | X | Facebook | Pinterest | YouTube Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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Trump to put additional 25% import taxes on India, bringing combined tariffs to 50%
WASHINGTON (AP) — President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariff imposed by the United States on its ally to 50%. The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes. Trump's moves could scramble the economic trajectory of India, which until recently was seen as an alternative to China by American companies looking to relocate their manufacturing. China also buys oil from Russia, but it was not included in the order signed by the Republican president. As part of a negotiating period with Beijing, Trump has placed 30% tariffs on goods from China, a rate that is smaller than the combined import taxes with which he has threatened New Delhi. Trump had previewed for reporters on Tuesday that the tariffs would be coming, saying the U.S. had a meeting with Russia on Wednesday as the Trump administration tries to end the war in Ukraine. Trump had not spoke about the new tariffs Wednesday, but he posted on Truth Social that special envoy Steve Witkoff's talks with Russian leader Vladimir Putin were 'highly productive." The Indian government on Wednesday called the additional tariffs 'unfortunate." 'We reiterate that these actions are unfair, unjustified and unreasonable,' Foreign Ministry spokesman Randhir Jaiswal said in a statement, adding that India would take all actions necessary to protect its interests. Jaiswal said India has already made its stand clear that the country's imports were based on market factors and were part of an overall objective of ensuring energy security for its 1.4 billion people. Ajay Srivastava, a former Indian trade official, said the latest tariff places the country among the most heavily taxed U.S. trading partners and far above rivals such as China, Vietnam and Bangladesh. 'The tariffs are expected to make Indian goods far costlier with the potential to cut exports by around 40%-50% to the U.S.,' he said. Srivastava said Trump's decision was 'hypocritical' because China bought more Russian oil than India did last year. 'Washington avoids targeting Beijing because of China's leverage over critical minerals which are vital for U.S. defense and technology,' he said. In 2024, the U.S. ran a $45.8 billion trade deficit in goods with India, meaning America imported more from India than it exported, according to the U.S. Census Bureau. American consumers and businesses buy pharmaceutical drugs, precious stones and textiles and apparel from India, among other goods. At the world's largest country, India represented a way for the U.S. to counter China's influence in Asia. But India has not supported the Ukraine-related sanctions by the U.S. and its allies on Moscow even as India's leaders have maintained that they want peace. The U.S. and China are currently in negotiations on trade, with Washington imposing a 30% tariff on Chinese goods and facing a 10% retaliatory tax from Beijing on American products. The planned tariffs on India contradict past efforts by the Biden administration and other nations in the Group of Seven leading industrialized nations that encouraged India to buy cheap Russian oil through a price cap imposed in 2022. The nations collectively capped Russian oil a $60 per barrel at a time when prices in the market were meaningfully higher, The intent was to deprive the Kremlin of revenue to fund its war in Ukraine, forcing the Russian government either to sell its oil at a discount or divert money for a costly alternative shipping network. The price cap was rolled out to equal parts skepticism and hopefulness that the policy would stave off Russian President Vladimir Putin's invasion of Ukraine. The cap has required shipping and insurance companies to refuse to handle oil shipments above the cap, though Russia has been able to evade the cap by shipping oil on a 'shadow fleet' of old vessels using insurers and trading companies located in countries that are not enforcing sanctions. But oil prices have fallen with a barrel trading on Wednesday morning at $65.84, up 1% on the day. __ Roy reported from New Delhi. Solve the daily Crossword
