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  • sanket ghate
    Travel Retail Market Size, Future Trends, Growth Key Factors, Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2029

    The global travel retail market size is anticipated to hit USD 96.11 billion by 2029 and exhibit a CAGR of 8.1% during the forecast period. The increasing number of international travelers is likely to drive the market’s growth.

    Regional Insights-

    Asia Pacific to Hold the Lion’s Share

    Asia Pacific is projected to gain the largest travel retail market share. The high expenditure on duty-free products by international and domestic travels across countries such as South Korea, India, and China is likely to fuel the growth in Asia Pacific. Furthermore, the growing partnerships between duty-free retailers for business expansion are expected to favor market growth.

    Europe is likely to exhibit substantial growth in the coming years. The increasing infrastructural development for travel and tourism is expected to boost the market growth in Europe. Moreover, the strong presence of opulent cosmetics and other major duty-free brands is anticipated to favor the region’s market growth.

    The rising consumer expenditure on travel and tourism will foster growth in North America.

    The improving income levels of the middle-class populace will support growth in the Middle East & Africa.

    Segmentation-

    On the basis of product type, the market is fragmented into fashion & accessories, tobacco products, confectionery & fine foods, beverages, cosmetics, and others. On the basis of sector, the market is bifurcated into duty paid and duty-free. On the basis of sales channel, the market is segmented into border downtown hotel shops, seaport & cruise line shops, airport & airline shops, and others. Geographically, the market is classified into South America, North America, the Middle East & Africa, Asia Pacific, and Europe.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Drivers & Restraints-

    Increasing Number of International Travelers to Boost Market Growth

    The growing product demand due to the rising numbers of international and domestic travelers is likely to bolster the travel retail market growth. The improving income levels and increasing expenditure on travel by the millennial population are anticipated to be key factors stimulating the market growth. The data released by World Travel and Tourism Council (WTTC) in November 2021 estimated a 34.9% surge in the French travel & tourism industry in 2021.

    The launch of promotional campaigns by key companies to lure customers into buying duty-free commodities is likely to uptick product demand and boost travel retail.

    Additionally, the growing trend of sustainable duty-free shopping is likely to be a key trend expanding the market’s growth. The rising adoption of eco-friendly and sustainable practices, including biodegradable packaging, reduction and recycling, and others, by air travel retailers, is predicted to complement the market growth.

    However, high prices of products may hinder market growth due to low demand.

    Competitive Landscape-

    Key Players Emphasize E-commerce Adoption to Expand Businesses Globally

    The major players operating in the market emphasize the adoption of e-commerce to expand their businesses globally. Sales promotional offers, personalized goods retail, and others are some key methods adopted by major players to capture huge customer bases. Recently, in November 2021, Pernod Richard, a beverage company based in France, unveiled its first boutique in China’s Shenzhen Duty-free Group Haikou.

    Key Industry Developments-

    October 2021: Lagardere Switzerland formed a partnership with Inflyter to introduce fully digital automated solutions at Geneva Airport, Switzerland.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/travel-retail-market-104620

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

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    on February 1 at 11:44 . Comment   0 0
  • sanket ghate
    Mattress Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast by Categories, Platform, End – User

    The worldwide mattress market size hit USD 49.24 billion in 2021. The market value is slated to rise from USD 50.61 billion in 2022 to USD 72.95 billion by 2029, exhibiting a CAGR of 5.36% during the forecast period. The growing global demand for luxury and customized products suggests a significant shift in consumers' perceived notion of mattresses beyond durable goods to an indicator of social status.

    More Info: https://www.fortunebusinessinsights.com/mattress-market-102108

    on January 31 at 7:09 . Comment   0 0
  • sanket ghate
    Furniture Market Trends, Size, Growth Insight, Share, Competitive Analysis, Regional and global Industry Forecast To 2028
    According to Fortune Business Insights, the global furniture market size was USD 475.4 billion in 2020. The market is projected to grow from USD 493.6 billion in 2021 to USD 720.2 billion by 2028 at a CAGR of 5.5% in the 2021-2028 period.

    COVID-19 Impact

    Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth

    The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe. Therefore, upholstery shops are observing a deterioration in sales owing to such a limitation. Furthermore, to avert coronavirus infection, common people have restricted themselves to shop furniture pieces from these stores. Such influences are exhibiting difficulties to the complete market growth during the pandemic period.

    Fortune Business Insights™ lists out all the furniture market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Harman Miller Inc. (Michigan, U.S.)
    Steelcase Inc. (Michigan, U.S.)
    HNI Corporation (Lowa, U.S.)
    Ashley Furniture Industries Inc. (Wisconsin, U.S.)
    Duff & Phelps, LLC. (New York, U.S.)
    Global Furniture USA (New Jersey, U.S.)
    ZouYou (Shenzhen, China)
    P & C ArteMobili SA (Nova Prata, Brazil)
    Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
    DEDON GmbH (Luneburg, Germany)
    Dare Studio (Worthing, England)
    Report Coverage

    The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the virtual reality market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.

    Driving Factors

    Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

    Intermittent presentation of companies’ elite home facilities is anticipated to entice people to purchase them, consequently fueling the demand for these products. For example, in February 2020, BAXTER, which is an Italian home fitting products company, along with Sources Unlimited, its Indian provider, unveiled radical, lavish, and greatly crafted fixture items in India. This is expected to spur the furniture market growth.

    Segmentation

    By Material, the global market is divided into:

    Wood
    Metal
    Plastic
    Others
    By Category, the market is segregated into:

    Indoor
    Outdoor
    By End-User, the market is categorized into:

    Residential
    Office
    Hotel
    Others
    By Region, the global market is branched into:

    North America
    Europe
    Asia Pacific
    South America
    Middle East and Africa
    Regional Insights

    Asia Pacific to Hold Dominant Position in the Market through 2028

    Asia Pacific market was worth USD 223.9 billion in 2020. The largest furniture market share of the Asia Pacific region is accredited to several wood furniture producers in nations such as China and India.

    North America holds a substantial share of the market owing to the large usage of such products among the U.S. and Canada population, leading to the greater product incomes from such region.

    Significant growth of the European region is accredited to the rising utilization of wood-based furnishing pieces among the population in nations such as the U.K. and Germany.

    Competitive Landscape

    Collaborations among Corporations to Safeguard Their Brand Values in Global Market

    Fundamental players in the market are incessantly choosing operative tactics to endorse their products and institute their positions in the market. One such tactic is to unveil novel products by teaming up with other companies to expand their reach to end-users.

    Industry Development

    May 2020: Theodore Alexander USA, Inc., who is a console table and chair products producer, teamed up with Ralph Lauren Corporation, a vital U.S. based fashion products company, to extend its business through the partner’s retail fashion stores based in the U.S.
    Frequently Asked Questions (FAQs):

    1. Is the Furniture Industry growing?

    Answer: Fortune Business Insights says that the global market size was USD 475.4 billion in 2020 and is projected to reach USD 720.2 billion by 2028.

    2. Who are the key players in the Furniture Market?

    Answer: Herman Millar Inc., Steelcase Inc., and Ashley Furniture Industries Inc. are global market players.

    3. What are the Key Factors Raising the Market?

    Answer: Regular introduction of luxurious and innovative items by the associated companies is crucial for the market's growth.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/furniture-market-106357

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

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    on January 30 at 9:44 . Comment   0 0
  • sanket ghate
    Baby Wipes Market Trends, Size, Growth Insight, Share, Competitive Analysis, Regional and global Industry Forecast To 2027
    The global baby wipes market size is expected to gain momentum by reaching USD 6.57 billion by 2027 while exhibiting a CAGR of 3.1% between 2020 and 2027. The growth is ascribable to factors such as the increasing prevalence of baby skin infections and the high spending power of the consumers that is propelling the demand for innovative baby wipes globally.

    https://www.fortunebusinessinsights.com/baby-wipes-market-104550

    Baby wipes are sanitary products majorly adopted to cleanse the sensitive skin of infants. Owing to the growing demand for safe and sustainable baby products, leading manufacturers are focusing on developing eco-friendly products with sustainable formulations that suit the sensitive skin of the baby.

    Stockpiling of Consumer Goods Due to COVID-19 to Favor Market Growth

    Uncertainty over the future effects of the global pandemic has triggered fear amongst the consumers that are stockpiling essential goods across the globe. Owing to phases of lockdown, people want to ensure adequate supplies to avoid stepping out of their homes. This has led to a major spike in the revenue from consumer goods that including baby care products. This is likely to boost the adoption of baby wipes in the near future.

    Fortune Business Insights™ lists out all the baby wipes market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Procter & Gamble Co. (Ohio, U.S.)
    Johnson & Johnson (New Jersey, U.S.)
    Kimberly Clark Corporation (Texas, U.S.)
    Pigeon Corporation (Tokyo, Japan)
    Hengan International Group Company Limited (Quanzhou, China)
    Unicharm Corporation (Tokyo, Japan)
    CPMC Holdings Ltd. (Santiago, Chile)
    Nice-Pak International Limited (New York, U.S.)
    Beiersdorf AG (Hamburg, Germany)
    ALBAAD (Masu’ot Itzhak, Israel)
    What does the Report Provide?

    The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth between 2020 and 2027.

    DRIVING FACTORS

    Increasing Prevalence of Baby Skin Infections to Accelerate Market Growth

    According to the Diaper Dermatitis Prevalence and Severity survey, conducted by the U.S. National Medicine of Library, in December 2019, about 14.9% of the infant population in Germany were found to be suffering from diaper rash problems. In addition to this, increasing incidence of skin infections such as eczema, diaper rashes, acne, and other skin allergies is leading to the growing adoption of superior quality baby wipes. The high spending capacity of consumers is further leading to the surging demand for advanced baby care products that will bode well for the global baby wipes market growth during the forecast period.

    SEGMENTATION

    Wet Segment Held 58.24% Market Share in 2019

    The wet segment, based on the product, held a market share of about 58.24% in 2019 and is expected to gain momentum owing to the high adoption of disinfectant baby wet wipes to control viral infection across the globe.

    REGIONAL INSIGHTS

    Increasing Adoption of Disposable Hygiene Products in North America to Surge Demand

    Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global baby wipes market during the forecast period. This is attributable to the increasing adoption of disposable hygiene products that is likely to propel the demand for innovative baby wipes in the region. North America stood at USD 2.00 billion in 2019.

    The market in Europe is anticipated to showcase significant growth in the forthcoming years. This growth is ascribable to factors such as the presence of established players such as Codi Group, Beiersdorf AG, and Rockline, among others that are focusing on developing advanced baby wipes products in the region between 2020 and 2027.

    COMPETITIVE LANDSCAPE

    Product Launches by Major Companies to Strengthen Their Market Positions

    The global baby wipes market comprises small, medium, and large companies striving to maintain their position by introducing innovative baby care products to cater to the growing consumer demands. Moreover, adoption of strategies such as merger and acquisition, facility expansion, and partnership by other key players will contribute to the market growth.

    Key Industry Development:

    October 2020 - Niki’s Natural Wipes, an Australian baby products manufacturer, announced the launch of a revolutionary natural baby wipes product specially formulated with antiviral and antibacterial manuka honey ingredients. The launch is expected to strengthen its position in the U.S.
    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/baby-wipes-market-104550

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on January 19 at 7:18 . Comment   0 0
  • sanket ghate
    Condom Market Share, Size, Global Industry Analysis, Key Growth Drivers Trends, Segments, Opportunity and Forecast 2028

    The global condom market size is expected to reach USD 10.97 billion by 2028, exhibiting a CAGR of 9.4% during the forecast period. The growing awareness regarding STDs such as, hepatitis B, Syphilis, trichomoniasis, and chlamydia can fuel demand for condoms, which, in turn, will aid the expansion of the market,

    More Information: https://www.fortunebusinessinsights.com/condom-market-104519

    The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated a lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

    COVID-19 IMPACT:

    Increased Supply of Essential Health Products to Elevate Market amid COVID-19

    The lockdown imposed by governments restricted the supply of various products. However, the accessibility and supply of essential wellness products have improved the scope of the market during the pandemic. The United Nations Population Fund (UNFPA) provided a summary in their brief published in April 2020 ‘Condoms and lubricants in the time of COVID-19’. It has provided necessary actions that needed to be taken to sustain supplies of condoms during COVID-19 to ensure unintended pregnancies and other concerns of unprotected sex do not surface during the lockdown. Moreover, the increasing product availability and enhanced supply chain with no lockdown will consequently boost the growth of the market in the time of the pandemic.

    Fortune Business Insights™ lists out all the condom market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Reckitt Benckiser Group (Slough, U.K.)
    LifeStyles Healthcare Pte Ltd (Melbourne, Australia)
    Caution Wear Corp. (New Hampshire, USA)
    Church & Dwight Co., Inc. (Ewing, U.S.)
    Cupid Limited (Nashik, India)
    Karex Berhad (Selangor, Malaysia)
    CPR GmbH (Sarstedt, Germany)
    ONE Condoms (Massachusetts, USA)
    Sagami Rubber Industries Co., Ltd. (Kanagawa, Japan)
    Okamoto Industries, Inc. (Tokyo, Japan)
    Driving Factor:

    Increasing Consciousness about Birth Control to Effectively Uplift Market

    The growing knowledge about the use of condoms as a contraceptive can have an excellent impact on the market growth during the forecast period. As per the Contraceptive Use by Method 2019 of the United Nations report, the prevalence of male condoms has escalated from 4.5% in 1994 to 10.0% in 2019 globally. As per the same report, the number of women (those with reproductive age of 15 to 49 years) relying on male condoms as a means of contraception has substantially increased from 64 million in 1994 to 189 million in 2019.

    Furthermore, the increasing utilization of other control methods such as oral pills can simultaneously improve the prospects of the market. However, oral pills have adverse effects and cause hormonal imbalance in women, resulting in serious health problems. Therefore, the weakened inclination towards contraceptive pills among women can subsequently fuel the demand. Besides, the rising sex education in developing nations can have a positive impact on the market in the forthcoming years.

    Market Segments:

    The market is segmented into male and female product types. The male segment is expected to dominate the market based on type owing to the higher usage rate, greater availability, and relatively lower cost compared to female product types. The market is classified into latex and non-latex. The latex segment is expected to hold a major market share due to its greater stretchability and strength compared to non-latex materials such as polyurethane. The market is divided into mass merchandisers, drug stores/pharmacies, online retail stores, and others. The drug stores/pharmacies segment is expected to hold the largest condom market share owing to the high availability of trusted brands.

    Regional Insights:

    Ever-increasing Population to Spur Demand in Asia Pacific

    The market in Asia Pacific is lucrative and is expected to experience a rapid growth rate during the forecast period owing to the ever-increasing population and increasing education level in developing nations. The growing awareness regarding birth control methods can have an excellent impact on the market in Asia Pacific. The implementation of childbearing policies to control the population will effectually aid the growth of the market in the region. The increasing number of unwanted pregnancies will further spur demand for condoms, thus promoting the growth of the market.

    As per the report, Contraceptive Use by Method 2019 of the United Nations, in Eastern and South-Eastern Asia, these are one of the most prevalent contraceptive methods accounting for 17% share in 2019. Europe and North America are expected to experience a steady growth rate due to contraceptive products' higher usage rate. As per the report, Contraceptive Use by Method 2019 of the United Nations, condoms in Europe and Northern America account for 14.6% share among all contraceptive methods in 2019.

    Competitive Landscape:

    Rising Emphasis on Eco-friendly Products by Prominent Companies to Spur Opportunities

    To attract customers, companies are focused on producing original product designs, such as those with unique tastes and lubricants. Furthermore, they are concentrating on making their goods environmentally friendly and safer to use for customers, such as through the use of environmental friendly components and the responsible use of utilities throughout the production process. For example, Ritex, a German company, has employed EKOenergy-certified power in their sustainable product line "PRO NATURE." As a result, the launch of new goods, the adoption of environmentally friendly production techniques, and mergers and acquisitions strategies are expected to aid manufacturers in their company growth.

    Key Industry Development:

    October 2020: Durex, a condom brand based in Britain, introduced a new product range, ‘‘Durex invisible condoms’’. This was launched in India as India’s thinnest condom product.

    More Information: https://www.fortunebusinessinsights.com/condom-market-104519

    About Us:

    Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

    Address:

    Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

    Mahalunge Road, Baner, Pune-411045,

    Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

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    on January 19 at 6:32 . Comment   0 0
  • sanket ghate
    Liquid Soap Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast by Categories, Platform, End – User

    The global liquid soap market size is projected to be worth USD 28.79 billion by the end of 2027 on account of the increasing awareness and serious adoption of health and hygiene protocols. The current pandemic of COVID-19 is also propelling the demand for hygiene maintenance among people.

    https://www.fortunebusinessinsights.com/liquid-soap-market-103020

    The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this, too, shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling, and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

    We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

    Fortune Business Insights™ lists out all the liquid soap market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    The 3M Company (U.S.)
    Johnson & Johnson Services, Inc. (U.S.)
    Colgate-Palmolive Co.(U.S.)
    Reckitt Benckiser Group plc (U.K.)
    Lion Corporation (Japan)
    Procter & Gamble Co. (U.S.)
    Kao Corporation (Japan)
    Kimberly-Clark Worldwide, Inc. (U.S.)
    Unilever (U.K.)
    Henkel AG & Co. KGaA (Germany)
    Other vendors
    Drivers & Restraints-

    Advent of Innovative Soap Dispenser to Bolster Growth

    Liquid soaps have emerged as a strong competition to the conventional bathing and laundry bars ever since their launch about a decade ago. The most important feature increasing its sales across the world is its easy-to-squeeze nature that guarantees zero-germ contact with the previous user. This, coupled with the fact that they come in refillable packs and are an easy way to control the spread of bacterial and viral disease. Besides this, the increasing technological advancements in soap packaging and the advent of innovative dispenser units are likely to aid in the expansion of the market in the coming years.

    On the contrary, the presence of toxin ingredients such as triclosan and parabens in the soap formula may sometimes have adverse effects on the human skin, thereby challenging the market. Besides this, these products packed in plastic to avoid leakage and the excessive use of plastic increases the carbon footprint of the industries, thereby causing hindrance to the overall market in the coming years. Nevertheless, the prevalence of COVID19 is further propelling the demand for liquid soaps and other sanitary products in all parts of the world, thereby creating lucrative growth opportunities for the market in the long run.

    Segment-

    Bath & Body Soaps Segment to Dominate Market on Account of Increasing Inclination Towards Good Hygiene Practices

    Based on product type, the bath & body soaps segment earned 58.74% liquid soap market share in 2019 on account of the increasing preference for following good hygiene standards and maintaining the cleanliness of the body. Besides this, the advent of various flavored bath and body soaps further propelled its demand in the market.

    Regional Analysis-

    Asia Pacific Earned Dominant Shares Owing to Increasing Sensitivity Towards Cleanliness

    North America holds significant share in global market. This is since the U.S. launched the first liquid soap, the popularity of which later spread to other parts of the world. Therefore, this region has the significant number of consumers. In addition to this, North America holds the record for the highest number of coronavirus patients as per the John Hopkins University report by April 2020. As per the Healthy Handwashing Study 2020 conducted by Bradley Corporation in January 2020, an average American washes hands more than 6 times in a day comprising of 78% of the total American population. Additionally, this study further reveals that 88% of this population wishes to continue following strict hygiene habits even after the pandemic is over.

    In 2019, Asia Pacific earned a revenue of USD 6.12 billion and emerged dominant. Asia Pacific market is likely to continue its dominance in the forecast period on account of the presence of the highest population, evolving hotel management industry, and rise in awareness about the importance of hygiene.

    Competitive Landscape-

    Players Investing Massively on Product Expansion to maintain Foothold in the Market

    The nature of this market is highly fragmented owing to the presence of many companies. On the contrary, major players such as Unilever, Colgate, and Henkel are focusing on the expansion of the portfolio to maintain the named of their brand in the top list. Besides this, players are adopting other plans such as new product launches and are massively investing in the same to stay put in the competition.

    The Report Discusses the following Questions

    What is the competitive landscape?
    How will favorable population dynamics impact the liquid soap market?
    Which strategies are adopted by players to gain impetus in the market?
    What are the current developments in the market?
    Some of the Key Industry Developments of the Liquid Soap Market include:

    January 2020 – A new dish soap in the form of spray was introduced by the brand of Procter & Gamble called Dawn for cleaning utensils.

    October 2018 – A new online channel called ‘drbronners./tmall.hk’ was launched as an expanded store of Dr. Bronner’s Magic Soaps Company in China via the global platform called ‘Alibaba’. This store offers peppermint-scented liquid soap manufactured by the company to its Chinese consumers.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/liquid-soap-market-103020

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs

    on January 19 at 6:28 . Comment   0 0
  • sanket ghate
    Hair Wig Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast by Categories, Platform, End – User

    The global hair wig market size is expected to gain momentum by reaching USD 3.0 billion by 2028 while exhibiting a CAGR of 4.0% between 2021 to 2028. The increasing trend of using mannequins in fashion outlets is expected to drive the hair wig market growth.

    In recent times, people are aware about how using a hair wig can enhance their look and boost the confidence of a person, who is dealing with excessive hair loss problems. Using these wigs are easy and companies are coming up with custom made and personalized designs to fulfill the demand of the consumers. Additionally, high spending by the population to keep with trends is amplifying the demand for a wig as a fashion product.

    COVID-19 Impact

    The COVID-19 pandemic positively impacted the market. As amid pandemic, saloons were shut, this influenced people to use a wig as an alternate option to achieve their desired look. Additionally, a large number of people infected by the virus are witnessing hair loss issues, this is likely to fuel the product’s demand. For instance, the data released by the National Public Radio.Org in March 2021, states that 22% of hospitalized COVID-19 patients in China were reported to experience hair loss after six months.

    List of Key Players Profiled in the Report

    Evergreen Products Grouped Limited (Hong Kong)
    Donna Bella Hair (Utah, U.S.)
    Ruimei Hair Products co.,Ltd (Xuchang, China)
    Aderans Co., Ltd. (Shinjuku, Japan)
    Shake-n-Go Fashion, Inc. (New York, U.S.)
    Henan Rebecca Hair Products Co., Ltd. (Xuchang, China)
    HairUWear(Kansas, U.S.)
    Paula Young(Massachusetts, U.S.)
    Lord hair(Qingdao, China)
    Anhui Jinruixiang Hair Product CO.,LTD (Anhui, China)
    Report Coverage-

    The research report concentrates on evaluating the hair wig industry by taking into contemplation all the contributions, opportunities, as well as growth trends. It offers thorough profiles of vital players present in the market to determine their capabilities in each segment. Besides, it guarantees to aid our clientele with better understanding of competitive landscapes, such as collaborations & acquisitions, novel product launches, joint ventures, and partnerships.

    Driving Factor

    Usage of Wig in Mannequin and Modeling Industry to Fuel Demand

    The increasing trend of using mannequins in fashion outlets is expected to drive the hair wig market growth. For instance, the data issued by Business Insider in June 2019, mentioned that Nike’s new mannequin has increased the search for plus size and Nike by 387%, and clicks on the mannequin's tights were amplified by 200% on British fashion retailer Love the Sales. Furthermore, the rising demand for synthetic hair in modeling industry, by models to get their desired look is uplifting the demand of these wigs.

    Competitive Landscape

    Key Players to Focus on Launches & Collaborations to Strengthen their Market Prospectus

    The global market holds a large number of noticeable companies that are incessantly trying to innovate exclusive devices to satisfy the demand from patients across the world. To do so, they are teaming up with domestic or international and renowned firms, presenting novel solutions, doing partnerships and collaborations to reinforce their portfolio in the market.

    Market Segmentation:

    By product type, the market is bifurcated into human hair and synthetic hair.
    Based on type, the human hair segment held the market share of 66.28% in 2020. This is attributable to the product's ability to appear and feel incredibly natural.
    By end-user it is divided into men and women. By distribution channel, it is segmented into offline and online. Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, South America and the Middle East & Africa.
    Regional Insights

    North America to Lead Stoked by Rising Expenditure on Wigs in Region

    North America is projected to stay at the vanguard position and hold the highest hair wig market shares during the forecast period. This is attributable to the rising spending by consumers on festive events such as Halloween is accelerating the product’s demand in the region. For instance, as per the data issued by the National Retail Federation, in 2019, the Halloween spending in the U.S. had reached USD 8.8 billion. The regional market stood at USD 0.74 billion in 2020.

    Europe is anticipated to hold substantial market share owing to the growing geriatric population in the region. As per the data released by the Europea.Eu, in 2020, stated that, more than one-fifth of the European population is assessed to be aged 65 years and over, and are suffering with hair problems. This is expected to positively impact the market.

    Detailed Table of Content:

    Introduction
    Research Scope
    Market Segmentation
    Research Methodology
    Definitions and Assumptions
    Executive Summary
    Market Dynamics
    Market Drivers
    Market Restraints
    Market Opportunities
    Emerging Trends
    Key Insights
    Overview of the Parent/Related Markets
    Industry SWOT Analysis
    Supply Chain and Regulatory Analysis
    Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
    Qualitative Analysis (in relation to COVID-19)
    Impact of COVID-19
    Supply Chain Challenges
    Potential Opportunities due to COVID-19
    Global Hair Wig Market Analysis, Insights, and Forecast, 2017-2028
    Key Findings / Summary
    Market Size Estimates and Forecast
    By Product Type (Value)
    Human Hair
    Synthetic Hair
    By End-User (Value)
    Men
    Women
    By Distribution Channel (Value)
    Offline
    Online
    By Region (Value)
    North America
    Europe
    Asia Pacific
    South America
    Middle East & Africa
    TOC Continued…!

    Below are two industry developments:

    June 2021: Waeve announced the launch of its set of six different wig styles 4 times a year.
    October 2020 – BELLAMI made a partnership with Kristen Hancher for the launch of bold, colorful wigs.
    Browse Detailed Overview of This Research:

    https://www.fortunebusinessinsights.com/hair-wig-market-106241

    About Us:

    Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

    Address:

    Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

    Mahalunge Road, Baner, Pune-411045,

    Maharashtra, India.

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    on January 18 at 9:35 . Comment   0 0
  • sanket ghate
    Mattress Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast by Categories, Platform, End – User

    The worldwide mattress market size hit USD 49.24 billion in 2021. The market value is slated to rise from USD 50.61 billion in 2022 to USD 72.95 billion by 2029, exhibiting a CAGR of 5.36% during the forecast period. The growing global demand for luxury and customized products suggests a significant shift in consumers' perceived notion of mattresses beyond durable goods to an indicator of social status, says Fortune Business Insights™ in its report titled, “Mattress Market, 2022-2029”.

    Report Coverage-

    The research report examines the market in-depth and highlights important factors such as prominent companies, product types, and sizes. Aside from that, the research report discusses market trends and highlights significant industry developments. In addition to the previously mentioned aspects, the report includes several factors that contribute to the market growth.

    Fortune Business Insights™ lists out all the mattress market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Serta Simmons Bedding, LLC (U.S.)
    Tempur Sealy International, Inc. (U.S.)
    Sleep Number Corporation (U.S.)
    Paramount Bed Holdings co. ltd (Japan)
    Kingsdown, Inc. (U.S.)
    Grupo Pikolin (Spain)
    King Koil Mattress. Co (U.S.)
    Suibao Group (China)
    Greiner AG (Austria)
    Sheela Foam Ltd (India)
    COVID-19 Impact -

    COVID-19 Crisis to Create Severe Supply Chain Disruptions that will Stall Business Growth

    The COVID-19 pandemic had a significant impact on the mattress market growth. Due to declining demand for expensive mattresses and sleep products, manufacturers were forced to delay product launches and cut costs as a result of the unprecedented pandemic. Trade tensions and trade protectionist measures between China, Australia, and the U.S., or other trading partners are likely to hamper international product sales in the near term. Several market players have used various strategies in recent years to mitigate the impact of COVID-19 on their operations.

    Drivers & Restraints-

    Rising Number of Housing Units to Favor Market Expansion

    The rising number of housing constructions worldwide, combined with rising consumer spending on home furnishings and bedding products, is driving the global industry growth. The growing number of single-occupancy homes and nuclear families around the world necessitates a separate room for each family member across countries, boosting the product demand. According to the National Bed Federation Survey results published in March 2020, the percentage of survey respondents who purchased the product increased from 24% to 32% in the previous six months. However, higher product lifespan is one of the most important factors influencing consumer purchasing decisions in retail stores and online marketplaces around the world.

    Segments-

    By Material, Rising Prevalence of Traditional Concepts to Trigger Demand

    Based on type, the global market is divided into spring/coil, foam, latex, and others. Over the forecast period, the spring/coil segment is expected to grow at a rapid pace. Traditional spring/coil-based or innerspring products are available to users. Metal springs are used in the manufacturing of these products to provide an underlying support layer for increased comfort.

    By Size, Rising Adoption of Spacious Products to Accelerate Product Sales

    Queen-sized products are among the most popular and preferred sizes around the world. These items provide enough space for two people and are typically found in master bedrooms. According to the results of a survey conducted by Bedbuyer Pty Ltd, an Australian independent mattress review website, approximately 61% of those polled preferred to sleep on a queen-sized product, followed by the king, double, and single, among others. Kids' mattresses are gaining popularity around the world, with a large number of brands releasing new products in a variety of sizes.

    By Application, Growth of International Tourism to Boost Product Sales

    Based on application, the market is divided into households, hospitality facilities, healthcare facilities, and others. According to the National Bed Federation survey results published in March 2020, among the essential factors deemed influencing consumer buying decisions for households, 'comfort' level topped the list, with approximately 66% of survey respondents expressing their preference for comfort, followed by price (57%), and reviews from other customers accounting for 31%. The growing number of initiatives by governments around the world to provide affordable housing is surging the product demand in the household category.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Regional Insights-

    North America to Emerge as a Crucial Market

    In 2021, North America emerged as the most important market. The North American mattress market share, led by the U.S. is distinguished by a strong consumer preference for luxury and high-quality goods.

    The rapidly expanding travel and tourism industry benefits the European market. Many tourist attractions across Europe are facilitating product circulation in the hospitality sector in this regard.

    Asia Pacific is expected to witness the fastest CAGR between 2022 and 2029. The region's large market size is due to rapidly growing housing units in China and India.

    Product sales in the South American, Middle Eastern, and African markets are expected to increase in the near future. In recent years, industry participants have concentrated their efforts on establishing their presence in these markets.

    Competitive Landscape-

    Product Concepts to be Improved through Emerging Categories

    Various competitive strategies, such as new product launches and collaborations, have been implemented by industry participants to help them stay ahead of the increasingly fierce competition. In recent years, there has been an increase in demand for innovative products. Given the ease of product delivery, the bed-in-box category has gained widespread attention in this regard.

    Key Industry Development-

    March 2022: Under the SLEEP NUMBER 360 brand, Sleep Number Corporation debuted its Artificial Intelligence (AI)-powered smart bed. The new product includes advanced embedded sensors that continuously monitor and improve users' sleep and health by adapting to their changing needs. This smart bed is also intended to provide users with real-time insights and responses by continuously monitoring their overall health, sleep health behaviors, and chronic sleep challenges.

    Frequently Asked Questions (FAQs):

    1. How much is the global mattress market worth?

    Answer: Fortune Business Insights says that the global market size was USD 49.24 billion in 2021 and is projected to reach USD 72.95 billion by 2029

    2.. At what CAGR is the market projected to grow in the forecast period (2022-2029)?

    Answer: Growing at a CAGR of 5.36%, the market will exhibit a steady growth rate during the forecast period (2022-2029).

    3. What is the leading segment in the market?

    Answer: Spring/Coil is expected to be the leading segment in this market during the forecast period

    4. What are the key factors driving the market?

    Answer: Rising Number of Housing Units to Support Market Growth

    5. Who are the major players in this market?

    Answer: Serta Simmons Bedding, LLC, Tempur Sealy International, Inc., Sleep Number Corporation are a few major players in the global market.

    6.Which region held the highest share in the market?

    Answer: Asia Pacific held the highest market share in 2020.

    7. Which factors are expected to drive the adoption of these products?

    Answer: Smart, antiviral as well as bed-in-box types are expected to drive adoption in the global market.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/mattress-market-102108

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

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    on January 18 at 9:14 . Comment   0 0
  • sanket ghate
    Toilet Paper Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast by Categories, Platform, End – User
    According to Fortune Business Insights, the global toilet paper market is set to gain momentum from the rising awareness of deforestation while producing paper pulp. This information is given by Fortune Business Insights™ in a new report, titled, “Toilet Paper Market, 2020-2027.” The report further states that the toilet paper market size was USD 26.14 billion in 2019 and is projected to reach USD 38.34 billion by 2027, exhibiting a CAGR of 4.9% during the forecast period.

    COVID-19 Pandemic to Accelerate Growth Fueled by Panic Buying among Masses

    The outbreak of the COVID-19 pandemic created panic buying practices among the masses in the first few months of 2020. Hence, the demand for tissue paper and toilet paper surged exponentially during that time. Governments of various countries implemented lockdown and social distancing measures to curb the spread of coronavirus. Kimberly-Clark, for instance, mentioned that its 2020 first-quarter sales reached USD 1.7 billion. As compared to 2019, it increased by 13% this year.

    Fortune Business Insights™ lists out all the toilet paper market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Procter & Gamble Co. (Cincinnati, U.S.)
    Kimberly-Clark (Dallas, U.S.)
    Essity AB (Stockholm, Sweden)
    Georgia-Pacific LLC (Atlanta, U.S.)
    Hengan Group (Jinjiang, China)
    Sofidel Group (Porcari, Italy)
    Kruger Inc. (Montreal, Canada)
    Empresas CMPC S.A (Santiago, Chile)
    WEPA Hygieneprodukte GmbH (Arnsberg, Germany)
    Unilever (London, U.K.)
    How Did We Create This Report?

    Various insights present in the report were derived from extensive primary and secondary research. Our expert advisors and analysts used quantitative and industry-wide market projection methodologies and customer insights tools to make authentic data available to the clients. The report also provides an uncluttered evaluation of projections and estimations on the market dynamics.

    Drivers & Restraints-

    Rising Working-class Population to Spur Demand

    The rising trend of travel and tourism is expected to broaden the hospitality industry worldwide. The demand for toilet paper in restaurants, resorts, and hotels is growing rapidly on account of the increasing hygiene requirements. Apart from that, the surging working-class population will further raise the usage of this product in corporate sectors and offices. For instance, the U.S. Census Bureau’s data on Country Business Pattern revealed that the total number of establishments was 7,860,674 in 2017. It reached 7,912,405 in 2018. These factors are set to propel the toilet paper market growth in the coming years. However, the rising popularity of bidet toilets may hamper growth by limiting demand.

    Segment-

    Household Segment to Grow Rapidly Stoked by Rising Number of Nuclear Families

    Based on application, the household segment generated 60.16% in terms of the toilet paper market share in 2019. This growth is attributable to the increasing usage of toilet paper in homes as it is considered to be an essential daily use commodity. Besides, the surging trend of living alone, as well as the rising number of nuclear families in urban areas would aid growth of this segment.

    Regional Analysis-

    Surging Number of Hospitality Facilities to Favor Growth in Europe

    Geographically, Asia Pacific earned USD 9.55 billion in 2019 in terms of revenue. Though the per capita toilet paper usage is relatively lower in this region, the rapid industrialization and urbanization would result in the development of improved restrooms, thereby leading to rising demand.

    North America, on the other hand, is anticipated to grow significantly backed by the rising spending power of people residing in Canada and the U.S. Europe is set to show rising usage of toilet paper because of the increasing number of hospitality facilities in the region.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Competitive Landscape-

    Key Players Focus on Investing in Development of New Production Facilities

    The market for toilet paper houses a large number of manufacturers that are mainly aiming to invest hefty amounts of money in developing new production facilities. They are doing so to increase their production capacities and to cater to the rising demand worldwide.

    Below are the two latest industry developments:

    September 2020: Andritz AG bagged a new order from Guangdong Hengan Paper Co., Ltd. to provide four tissue machines to its mill situated in China. It will be used to produce premium-quality handkerchief, toilet, facial, and napkin tissue made out of virgin market pulp.
    April 2019: Naheola mill will be getting an investment of approximately USD 120 million for developing new roll storage and tissue machine building. This will help the company to enhance its bath tissue business.
    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/toilet-paper-market-104298

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

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    on January 18 at 8:57 . Comment   0 0
  • sanket ghate
    Travel Retail Market Trends, Size, Growth Insight, Share, Competitive Analysis, Regional and global Industry Forecast To 2029

    According to Fortune Business Insights, the global travel retail market size is anticipated to hit USD 96.11 billion by 2029 and exhibit a CAGR of 8.1% during the forecast period. The increasing number of international travelers is likely to drive the market’s growth. Fortune Business InsightsTM has presented this information in its report titled, “Travel Retail Market, 2022-2029”. The market size stood at USD 51.28 billion in 2021 and USD 55.74 billion in 2022.

    Additionally, the rising popularity of sustainable duty-free shopping is a key trend that is anticipated to amplify market growth in the coming years.

    COVID-19 Impact-

    The strict lockdowns imposed during the pandemic have negatively impacted the market growth. The global air travel ban during the severe waves of the pandemic have affected the market’s growth. The growing number of air passengers amidst resuming air travel operations has helped the market retain traction. Nonetheless, the rising air travel and demand for personal protection equipment and products such as gloves, face masks, and sanitizers are expected to create lucrative growth for travel retail in the coming years.

    Fortune Business Insights™ lists out all the travel retail market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Lagardere Travel Retail (Lagardere Group) (France)
    DFS Group Ltd. (Hong Kong)
    Dufry AG (Basel, Switzerland)
    King Power International Group (Thailand)
    Aer Rianta International (Ireland)
    The Nuance Group AG (Switzerland)
    Lotte Duty Free (Lotte Hotel) (South Korea)
    Heinemann SE & Co. KG (U.S.)
    China Duty Free Group Co. Ltd. (CDFG) (China)
    Flemingo (South Korea)
    Drivers & Restraints-

    Increasing Number of International Travelers to Boost Market Growth

    The growing product demand due to the rising numbers of international and domestic travelers is likely to bolster the travel retail market growth. The improving income levels and increasing expenditure on travel by the millennial population are anticipated to be key factors stimulating the market growth. The data released by World Travel and Tourism Council (WTTC) in November 2021 estimated a 34.9% surge in the French travel & tourism industry in 2021.

    The launch of promotional campaigns by key companies to lure customers into buying duty-free commodities is likely to uptick product demand and boost travel retail.

    Additionally, the growing trend of sustainable duty-free shopping is likely to be a key trend expanding the market’s growth. The rising adoption of eco-friendly and sustainable practices, including biodegradable packaging, reduction and recycling, and others, by air travel retailers, is predicted to complement the market growth.

    However, high prices of products may hinder market growth due to low demand.

    Regional Insights-

    Asia Pacific to Hold the Lion’s Share

    Asia Pacific is projected to gain the largest travel retail market share. The high expenditure on duty-free products by international and domestic travels across countries such as South Korea, India, and China is likely to fuel the growth in Asia Pacific. Furthermore, the growing partnerships between duty-free retailers for business expansion are expected to favor market growth.

    Europe is likely to exhibit substantial growth in the coming years. The increasing infrastructural development for travel and tourism is expected to boost the market growth in Europe. Moreover, the strong presence of opulent cosmetics and other major duty-free brands is anticipated to favor the region’s market growth.

    The rising consumer expenditure on travel and tourism will foster growth in North America.

    The improving income levels of the middle-class populace will support growth in the Middle East & Africa.

    Segmentation-

    On the basis of product type, the market is fragmented into fashion & accessories, tobacco products, confectionery & fine foods, beverages, cosmetics, and others. On the basis of sector, the market is bifurcated into duty paid and duty-free. On the basis of sales channel, the market is segmented into border downtown hotel shops, seaport & cruise line shops, airport & airline shops, and others. Geographically, the market is classified into South America, North America, the Middle East & Africa, Asia Pacific, and Europe.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Competitive Landscape-

    Key Players Emphasize E-commerce Adoption to Expand Businesses Globally

    The major players operating in the market emphasize the adoption of e-commerce to expand their businesses globally. Sales promotional offers, personalized goods retail, and others are some key methods adopted by major players to capture huge customer bases. Recently, in November 2021, Pernod Richard, a beverage company based in France, unveiled its first boutique in China’s Shenzhen Duty-free Group Haikou.

    Key Industry Developments-

    October 2021: Lagardere Switzerland formed a partnership with Inflyter to introduce fully digital automated solutions at Geneva Airport, Switzerland.

    Frequently Asked Questions (FAQs):

    1. How much is the travel retail industry worth?

    Answer: Fortune Business Insights says that the industry size was USD 55.74 billion in 2022 and is anticipated to reach USD 96.11 billion by 2029.

    2. What was the value of the worldwide industry in 2021?

    Answer: In 2021, the industry valued at USD 51.28 billion.

    3. At what CAGR is the global market projected to grow in the forecast period (2022-2029)?

    Answer: At a CAGR of 8.1%, the global travel retail market forecasted to grow from 2022 to 2029.

    4. Which is the leading type of product in this market?
    Answer: The cosmetics segment is a leading product type during the forecast period (2022-2029).

    5. What is the crucial factor driving the global market?
    Answer: The rising number of international travelers is accelerating growth.

    6. Who are the key players in the global travel retail sector?

    Answer: Lagardere Travel Retail (Lagardere Group), DFS Group Ltd., Dufry AG are leading companies worldwide.

    7. Which region held the dominant share in 2021?

    Answer: Asia Pacific region to dominate the market in 2021.

    8. Which factors drive the adoption of travel & tourism retail-related services?

    Answer: Retailers adopting eco-friendly business practices is one of the prominent trends.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/travel-retail-market-104620

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

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    on January 17 at 8:43 . Comment   0 0
  • sanket ghate
    Perfume Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast by Categories, Platform, End – User

    According to Fortune Business Insights, the global perfume market size is projected to reach USD 43.2 billion by 2028, exhibiting a CAGR of 5% during the forecast period. Robust demand for beauty products and accessories among consumers is expected to boost market growth. Fortune Business Insights™ provides this information in its report titled "Perfume Market, 2021-2028."

    Perfumes are pleasant-smelling solutions made by using oils, fragrances, and other ingredients to create a pleasing aroma. Increasing demand for high-quality beauty and grooming products globally is expected to boost market growth. Several manufacturers globally aim to provide innovative products to consumers to satisfy their demand. For example, Givaudan introduced a creative scent technology named ‘VivaScentz’ in June 2020 to satisfy consumer demand for different scent categories. The demand for long-lasting scents is expected to boost its sales drastically. Further, the incorporation of strong fragrances, oils, and other materials is expected to attract consumer demand. Additionally, rising demand for waterless scent is expected to surge the product demand. These factors are likely to propel market progress.

    Fortune Business Insights™ lists out all the perfume market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    L’Oréal S.A.(Clichy, France)
    Unilever Plc (London, U.K.)
    Coty Inc. (New York, U.S.)
    The Proctor and Gamble Co. (Ohio, U.S.)
    The Estee Lauder Companies Inc. (New York, U.S.)
    Natura & Co. (Sao Paulo, Brazil)
    Avon Products Inc. (New York, U.S.)
    Puig SA (Barcelona, Spain)
    Revlon Inc. (New York, U.S.)
    Chanel Limited (Paris, France)
    Shiseido Company Limited (Tokyo, Japan)
    Beiersdorf AG (Hamburg, Germany)
    Highlights of the Report

    The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

    Drivers and Restraints

    Announcement of Innovative Solutions to Bolster Market Growth

    Manufacturers focus on providing excellent and innovative fragrance solutions to consumers to enhance their experience. The incorporation of strong flavors and oils eliminates odors and boosts the scent's shelf-life. Companies launch different fragrance solutions utilizing artificial intelligence technology that satisfies the fragrance preferences of consumers. For example, SEPHORA, LVMH announced ‘MAISON 21G’ in April 2021. It is an innovative AI-powered solution aimed at satisfying consumer's fragrance preferences. Further, the adoption of online retail is likely to fuel product demand globally. Online retail offers consumers an enormous choice that shall satisfy their demand for aromatic fragrances and boost convenience. These factors are likely to drive the perfume market growth.

    However, huge research and development costs and uncertain consumer behavior may hinder market progress.

    Segments

    Type, Product, Distribution Channel, End-User, and Region are studied for the Market

    By type, the market is segmented into extrait de parfum, eau fraiche, eau de toilette, eau de cologne, and eau de perfume. By product, it is bifurcated into premium and mass. Based on the end-user, it is classified into women and men. As per the distribution channel, it is categorized into offline and online. Regionally, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

    Regional Insights

    Rising Demand for Premium Products to Foster Market Growth in North America

    North America is projected to dominate the perfume market share due to rising demand for premium consumer products. The market stood at USD 10.50 billion in 2020. Evolving consumer preferences and rising spending capacity are likely to boost the product demand. In addition, increasing the standard of living in Canada, Mexico, and the U.S. is expected to boost the market growth.

    In Asia Pacific, increasing disposable income, young population, rising awareness regarding the benefits of the product is likely to fuel the product demand. Additionally, rising demand for premium brands is expected to boost market progress.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Competitive Landscape

    Prominent Companies Incorporate Expansion Strategies to Expand their Market Reach

    The prominent companies operating in the market devise acquisition strategies to expand their market reach. For example, MINISO CO. LTD set up its fourth new store in India in December 2020. This strategy may enable the companies to boost their reach globally. The adoption of research and development enables companies to utilize effective ingredients and improve their product quality. This strategy enables companies to improve their brand image. Additionally, the adoption of technologically advanced production techniques can boost the companies' product quality, reduce labor costs, improve operational efficiency, and satisfy organizational efficiency. This strategy may enable companies to boost their market position.

    Industrial Development

    April 2021- Scoots & Co. completed the acquisition of The Garden Fragrance Company for creating novel sales channels for brands, toiletries, and partner's cosmetics.
    Frequently Asked Questions (FAQs):

    1. What was the value of the global perfume market in 2020?

    Answer: Fortune Business Insights says that the global market stood at USD 29.8 billion in 2020.

    2. At what CAGR is the market projected to grow in the forecast period (2021-2028)?

    Answer: The market is projected to grow at a CAGR of 5.0% in the forecast period (2021-2028).

    3. Which is the leading segment under the end-user criterion in the market?

    Answer: The women segment under the end-user criterion is expected to lead the market.

    4. What are the key factors driving the market?

    Answer: Introduction of innovative cosmetic solutions is driving the global market. Additionally, rising consumer preference for online shopping will help the market in its future development.

    5. Who are the top players in the market?

    Answer: L’Oreal, Unilever, Coty, Procter & Gamble, and Estee Lauder the top players in the market.

    COVID-19 Pandemic

    Halt on Manufacturing to Impede Market Progress

    This market is expected to be negatively affected during the COVID-19 pandemic due to stringent lockdown restrictions imposed by governments. As a result, halt on production and transport has led to the lack of raw materials and supplies. However, lockdown relaxations lead to the adoption of reduced capacities and part-time shifts to help manufacturers recover losses and regain market position. In addition, the rising demand for strong scent and beauty solutions may boost product demand. These factors are likely to boost market growth during the pandemic.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/perfume-market-102273

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on January 17 at 7:23 . Comment   0 0
  • sanket ghate
    Condom Market Trends, Size, Growth Insight, Share, Competitive Analysis, Regional and global Industry Forecast To 2028

    The global condom market size is expected to reach USD 10.97 billion by 2028, exhibiting a CAGR of 9.4% during the forecast period. The growing awareness regarding STDs such as, hepatitis B, Syphilis, trichomoniasis, and chlamydia can fuel demand for condoms, which, in turn, will aid the expansion of the market, states Fortune Business Insights, in a report titled, “Condom Market, 2021-2028.” The market size stood at USD 5.31 billion in 2020.

    The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated a lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

    COVID-19 IMPACT:

    Increased Supply of Essential Health Products to Elevate Market amid COVID-19

    The lockdown imposed by governments restricted the supply of various products. However, the accessibility and supply of essential wellness products have improved the scope of the market during the pandemic. The United Nations Population Fund (UNFPA) provided a summary in their brief published in April 2020 ‘Condoms and lubricants in the time of COVID-19’. It has provided necessary actions that needed to be taken to sustain supplies of condoms during COVID-19 to ensure unintended pregnancies and other concerns of unprotected sex do not surface during the lockdown. Moreover, the increasing product availability and enhanced supply chain with no lockdown will consequently boost the growth of the market in the time of the pandemic.

    Fortune Business Insights™ lists out all the condom market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Reckitt Benckiser Group (Slough, U.K.)
    LifeStyles Healthcare Pte Ltd (Melbourne, Australia)
    Caution Wear Corp. (New Hampshire, USA)
    Church & Dwight Co., Inc. (Ewing, U.S.)
    Cupid Limited (Nashik, India)
    Karex Berhad (Selangor, Malaysia)
    CPR GmbH (Sarstedt, Germany)
    ONE Condoms (Massachusetts, USA)
    Sagami Rubber Industries Co., Ltd. (Kanagawa, Japan)
    Okamoto Industries, Inc. (Tokyo, Japan)
    Driving Factor:

    Increasing Consciousness about Birth Control to Effectively Uplift Market

    The growing knowledge about the use of condoms as a contraceptive can have an excellent impact on the market growth during the forecast period. As per the Contraceptive Use by Method 2019 of the United Nations report, the prevalence of male condoms has escalated from 4.5% in 1994 to 10.0% in 2019 globally. As per the same report, the number of women (those with reproductive age of 15 to 49 years) relying on male condoms as a means of contraception has substantially increased from 64 million in 1994 to 189 million in 2019.

    Furthermore, the increasing utilization of other control methods such as oral pills can simultaneously improve the prospects of the market. However, oral pills have adverse effects and cause hormonal imbalance in women, resulting in serious health problems. Therefore, the weakened inclination towards contraceptive pills among women can subsequently fuel the demand. Besides, the rising sex education in developing nations can have a positive impact on the market in the forthcoming years.

    Market Segments:

    The market is segmented into male and female product types. The male segment is expected to dominate the market based on type owing to the higher usage rate, greater availability, and relatively lower cost compared to female product types. The market is classified into latex and non-latex. The latex segment is expected to hold a major market share due to its greater stretchability and strength compared to non-latex materials such as polyurethane. The market is divided into mass merchandisers, drug stores/pharmacies, online retail stores, and others. The drug stores/pharmacies segment is expected to hold the largest condom market share owing to the high availability of trusted brands.

    Regional Insights:

    Ever-increasing Population to Spur Demand in Asia Pacific

    The market in Asia Pacific is lucrative and is expected to experience a rapid growth rate during the forecast period owing to the ever-increasing population and increasing education level in developing nations. The growing awareness regarding birth control methods can have an excellent impact on the market in Asia Pacific. The implementation of childbearing policies to control the population will effectually aid the growth of the market in the region. The increasing number of unwanted pregnancies will further spur demand for condoms, thus promoting the growth of the market.

    As per the report, Contraceptive Use by Method 2019 of the United Nations, in Eastern and South-Eastern Asia, these are one of the most prevalent contraceptive methods accounting for 17% share in 2019. Europe and North America are expected to experience a steady growth rate due to contraceptive products' higher usage rate. As per the report, Contraceptive Use by Method 2019 of the United Nations, condoms in Europe and Northern America account for 14.6% share among all contraceptive methods in 2019.

    Competitive Landscape:

    Rising Emphasis on Eco-friendly Products by Prominent Companies to Spur Opportunities

    To attract customers, companies are focused on producing original product designs, such as those with unique tastes and lubricants. Furthermore, they are concentrating on making their goods environmentally friendly and safer to use for customers, such as through the use of environmental friendly components and the responsible use of utilities throughout the production process. For example, Ritex, a German company, has employed EKOenergy-certified power in their sustainable product line "PRO NATURE." As a result, the launch of new goods, the adoption of environmentally friendly production techniques, and mergers and acquisitions strategies are expected to aid manufacturers in their company growth.

    Key Industry Development:

    October 2020: Durex, a condom brand based in Britain, introduced a new product range, ‘‘Durex invisible condoms’’. This was launched in India as India’s thinnest condom product.

    More Information: https://www.fortunebusinessinsights.com/condom-market-104519

    About Us:

    Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

    Address:

    Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

    Mahalunge Road, Baner, Pune-411045,

    Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    LinkedIn Facebook Twitter
    on January 17 at 7:07 . Comment   0 0
  • sanket ghate
    Furniture Market Trends, Size, Share, Regional Analysis by Key Players | Industry Forecast by Categories, Platform, End – User

    The global furniture market size was USD 475.4 billion in 2020. The uncertain occurrence of the COVID-19 lockdown restrictions is resulting in the shutting down of upholstery shops worldwide. Hence, upholstery shops are witnessing a decline in sales due to such a restriction. Additionally, to avoid coronavirus infection incidences, people limit themselves to shop furnishing items from these stores. Such factors are posing challenges to the overall industry growth during the pandemic period.

    The global pet furniture market size was valued at USD 3.61 billion in 2021. The introduction of high-quality multifunctional and customized pet beds & furniture that fits all sizes of pets is surging the demand for pet furniture. Providing dog and cat furniture products customized according to consumer preferences, such as various colors, designs, and measures that ensure pet comfort, is a crucial factor boosting the sales of furniture products for pets in the market.

    Read More Information:

    - https://www.fortunebusinessinsights.com/furniture-market-106357

    - https://www.fortunebusinessinsights.com/pet-furniture-market-106261
    on January 16 at 12:47 . Comment   0 0
  • sanket ghate
    The worldwide mattress market size hit USD 49.24 billion in 2021. The market value is slated to rise from USD 50.61 billion in 2022 to USD 72.95 billion by 2029, exhibiting a CAGR of 5.36% during the forecast period. The growing global demand for luxury and customized products suggests a significant shift in consumers' perceived notion of mattresses beyond durable goods to an indicator of social status, says Fortune Business Insights™ in its report titled, “Mattress Market, 2022-2029”.

    Report Coverage-

    The research report examines the market in-depth and highlights important factors such as prominent companies, product types, and sizes. Aside from that, the research report discusses market trends and highlights significant industry developments. In addition to the previously mentioned aspects, the report includes several factors that contribute to the market growth.

    Fortune Business Insights™ lists out all the mattress market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Serta Simmons Bedding, LLC (U.S.)
    Tempur Sealy International, Inc. (U.S.)
    Sleep Number Corporation (U.S.)
    Paramount Bed Holdings co. ltd (Japan)
    Kingsdown, Inc. (U.S.)
    Grupo Pikolin (Spain)
    King Koil Mattress. Co (U.S.)
    Suibao Group (China)
    Greiner AG (Austria)
    Sheela Foam Ltd (India)
    COVID-19 Impact -

    COVID-19 Crisis to Create Severe Supply Chain Disruptions that will Stall Business Growth

    The COVID-19 pandemic had a significant impact on the mattress market growth. Due to declining demand for expensive mattresses and sleep products, manufacturers were forced to delay product launches and cut costs as a result of the unprecedented pandemic. Trade tensions and trade protectionist measures between China, Australia, and the U.S., or other trading partners are likely to hamper international product sales in the near term. Several market players have used various strategies in recent years to mitigate the impact of COVID-19 on their operations.

    Drivers & Restraints-

    Rising Number of Housing Units to Favor Market Expansion

    The rising number of housing constructions worldwide, combined with rising consumer spending on home furnishings and bedding products, is driving the global industry growth. The growing number of single-occupancy homes and nuclear families around the world necessitates a separate room for each family member across countries, boosting the product demand. According to the National Bed Federation Survey results published in March 2020, the percentage of survey respondents who purchased the product increased from 24% to 32% in the previous six months. However, higher product lifespan is one of the most important factors influencing consumer purchasing decisions in retail stores and online marketplaces around the world.

    Segments-

    By Material, Rising Prevalence of Traditional Concepts to Trigger Demand

    Based on type, the global market is divided into spring/coil, foam, latex, and others. Over the forecast period, the spring/coil segment is expected to grow at a rapid pace. Traditional spring/coil-based or innerspring products are available to users. Metal springs are used in the manufacturing of these products to provide an underlying support layer for increased comfort.

    By Size, Rising Adoption of Spacious Products to Accelerate Product Sales

    Queen-sized products are among the most popular and preferred sizes around the world. These items provide enough space for two people and are typically found in master bedrooms. According to the results of a survey conducted by Bedbuyer Pty Ltd, an Australian independent mattress review website, approximately 61% of those polled preferred to sleep on a queen-sized product, followed by the king, double, and single, among others. Kids' mattresses are gaining popularity around the world, with a large number of brands releasing new products in a variety of sizes.

    By Application, Growth of International Tourism to Boost Product Sales

    Based on application, the market is divided into households, hospitality facilities, healthcare facilities, and others. According to the National Bed Federation survey results published in March 2020, among the essential factors deemed influencing consumer buying decisions for households, 'comfort' level topped the list, with approximately 66% of survey respondents expressing their preference for comfort, followed by price (57%), and reviews from other customers accounting for 31%. The growing number of initiatives by governments around the world to provide affordable housing is surging the product demand in the household category.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Regional Insights-

    North America to Emerge as a Crucial Market

    In 2021, North America emerged as the most important market. The North American mattress market share, led by the U.S. is distinguished by a strong consumer preference for luxury and high-quality goods.

    The rapidly expanding travel and tourism industry benefits the European market. Many tourist attractions across Europe are facilitating product circulation in the hospitality sector in this regard.

    Asia Pacific is expected to witness the fastest CAGR between 2022 and 2029. The region's large market size is due to rapidly growing housing units in China and India.

    Product sales in the South American, Middle Eastern, and African markets are expected to increase in the near future. In recent years, industry participants have concentrated their efforts on establishing their presence in these markets.

    Competitive Landscape-

    Product Concepts to be Improved through Emerging Categories

    Various competitive strategies, such as new product launches and collaborations, have been implemented by industry participants to help them stay ahead of the increasingly fierce competition. In recent years, there has been an increase in demand for innovative products. Given the ease of product delivery, the bed-in-box category has gained widespread attention in this regard.

    Key Industry Development-

    March 2022: Under the SLEEP NUMBER 360 brand, Sleep Number Corporation debuted its Artificial Intelligence (AI)-powered smart bed. The new product includes advanced embedded sensors that continuously monitor and improve users' sleep and health by adapting to their changing needs. This smart bed is also intended to provide users with real-time insights and responses by continuously monitoring their overall health, sleep health behaviors, and chronic sleep challenges.

    Frequently Asked Questions (FAQs):

    1. How much is the global mattress market worth?

    Answer: Fortune Business Insights says that the global market size was USD 49.24 billion in 2021 and is projected to reach USD 72.95 billion by 2029

    2.. At what CAGR is the market projected to grow in the forecast period (2022-2029)?

    Answer: Growing at a CAGR of 5.36%, the market will exhibit a steady growth rate during the forecast period (2022-2029).

    3. What is the leading segment in the market?

    Answer: Spring/Coil is expected to be the leading segment in this market during the forecast period

    4. What are the key factors driving the market?

    Answer: Rising Number of Housing Units to Support Market Growth

    5. Who are the major players in this market?

    Answer: Serta Simmons Bedding, LLC, Tempur Sealy International, Inc., Sleep Number Corporation are a few major players in the global market.

    6.Which region held the highest share in the market?

    Answer: Asia Pacific held the highest market share in 2020.

    7. Which factors are expected to drive the adoption of these products?

    Answer: Smart, antiviral as well as bed-in-box types are expected to drive adoption in the global market.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/mattress-market-102108

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on January 16 at 12:08 . Comment   0 0
  • sanket ghate
    Furniture Market Size, Future Trends, Growth Key Factors, Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2028

    According to Fortune Business Insights, the global furniture market size was USD 475.4 billion in 2020. The market is projected to grow from USD 493.6 billion in 2021 to USD 720.2 billion by 2028 at a CAGR of 5.5% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Furniture Market, 2021-2028.”

    According to our analysts, rising home decoration and renovation trends among the global population are principally promoting the demand for such products.

    COVID-19 Impact

    Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth

    The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe. Therefore, upholstery shops are observing a deterioration in sales owing to such a limitation. Furthermore, to avert coronavirus infection, common people have restricted themselves to shop furniture pieces from these stores. Such influences are exhibiting difficulties to the complete market growth during the pandemic period.

    Fortune Business Insights™ lists out all the furniture market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Harman Miller Inc. (Michigan, U.S.)
    Steelcase Inc. (Michigan, U.S.)
    HNI Corporation (Lowa, U.S.)
    Ashley Furniture Industries Inc. (Wisconsin, U.S.)
    Duff & Phelps, LLC. (New York, U.S.)
    Global Furniture USA (New Jersey, U.S.)
    ZouYou (Shenzhen, China)
    P & C ArteMobili SA (Nova Prata, Brazil)
    Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
    DEDON GmbH (Luneburg, Germany)
    Dare Studio (Worthing, England)
    Report Coverage

    The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the virtual reality market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.

    Driving Factors

    Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

    Intermittent presentation of companies’ elite home facilities is anticipated to entice people to purchase them, consequently fueling the demand for these products. For example, in February 2020, BAXTER, which is an Italian home fitting products company, along with Sources Unlimited, its Indian provider, unveiled radical, lavish, and greatly crafted fixture items in India. This is expected to spur the furniture market growth.

    Segmentation

    By Material, the global market is divided into:

    Wood
    Metal
    Plastic
    Others
    By Category, the market is segregated into:

    Indoor
    Outdoor
    By End-User, the market is categorized into:

    Residential
    Office
    Hotel
    Others
    By Region, the global market is branched into:

    North America
    Europe
    Asia Pacific
    South America
    Middle East and Africa
    Regional Insights

    Asia Pacific to Hold Dominant Position in the Market through 2028

    Asia Pacific market was worth USD 223.9 billion in 2020. The largest furniture market share of the Asia Pacific region is accredited to several wood furniture producers in nations such as China and India.

    North America holds a substantial share of the market owing to the large usage of such products among the U.S. and Canada population, leading to the greater product incomes from such region.

    Significant growth of the European region is accredited to the rising utilization of wood-based furnishing pieces among the population in nations such as the U.K. and Germany.

    Competitive Landscape

    Collaborations among Corporations to Safeguard Their Brand Values in Global Market

    Fundamental players in the market are incessantly choosing operative tactics to endorse their products and institute their positions in the market. One such tactic is to unveil novel products by teaming up with other companies to expand their reach to end-users.

    Industry Development

    May 2020: Theodore Alexander USA, Inc., who is a console table and chair products producer, teamed up with Ralph Lauren Corporation, a vital U.S. based fashion products company, to extend its business through the partner’s retail fashion stores based in the U.S.
    Frequently Asked Questions (FAQs):

    1. Is the Furniture Industry growing?

    Answer: Fortune Business Insights says that the global market size was USD 475.4 billion in 2020 and is projected to reach USD 720.2 billion by 2028.

    2. Who are the key players in the Furniture Market?

    Answer: Herman Millar Inc., Steelcase Inc., and Ashley Furniture Industries Inc. are global market players.

    3. What are the Key Factors Raising the Market?

    Answer: Regular introduction of luxurious and innovative items by the associated companies is crucial for the market's growth.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/furniture-market-106357

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on January 6 at 11:01 . Comment   0 0
  • sanket ghate
    Liquid Soap Market Key Leaders Analysis, Segmentation, Growth, Future Trends, Demands, Emerging Technology by Regional Forecast to 2027

    The global liquid soap market size is projected to be worth USD 28.79 billion by the end of 2027 on account of the increasing awareness and serious adoption of health and hygiene protocols. The current pandemic of COVID-19 is also propelling the demand for hygiene maintenance among people. The increasing population and prevalence of infectious diseases have led to a rising need to maintain sanitation both on a personal level as well in surroundings, thereby fueling the demand for innovative home cleaning products such as the liquid soap.

    https://www.fortunebusinessinsights.com/liquid-soap-market-103020
    on December 26 at 11:26 . Comment   0 0
  • sanket ghate
    Travel Retail Market Demand, Recent Trends, Size and Share Estimation by 2029 with Top Players
    According to Fortune Business Insights, the global travel retail market size is anticipated to hit USD 96.11 billion by 2029 and exhibit a CAGR of 8.1% during the forecast period. The increasing number of international travelers is likely to drive the market’s growth. Fortune Business InsightsTM has presented this information in its report titled, “Travel Retail Market, 2022-2029”. The market size stood at USD 51.28 billion in 2021 and USD 55.74 billion in 2022.

    https://www.fortunebusinessinsights.com/travel-retail-market-104620
    on December 22 at 7:25 . Comment   0 0
  • sanket ghate
    Furniture Market Movements by Trend Analysis, Growth Status, Revenue Expectation to 2028

    According to Fortune Business Insights, the global furniture market size was USD 475.4 billion in 2020. The market is projected to grow from USD 493.6 billion in 2021 to USD 720.2 billion by 2028 at a CAGR of 5.5% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Furniture Market, 2021-2028.”Furniture Market Size by Global Major Companies Profile, and Key Regions 2028

    https://www.fortunebusinessinsights.com/furniture-market-106357

    According to our analysts, rising home decoration and renovation trends among the global population are principally promoting the demand for such products.

    COVID-19 Impact

    Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth

    The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe. Therefore, upholstery shops are observing a deterioration in sales owing to such a limitation. Furthermore, to avert coronavirus infection, common people have restricted themselves to shop furniture pieces from these stores. Such influences are exhibiting difficulties to the complete market growth during the pandemic period.

    Fortune Business Insights™ lists out all the furniture market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Harman Miller Inc. (Michigan, U.S.)
    Steelcase Inc. (Michigan, U.S.)
    HNI Corporation (Lowa, U.S.)
    Ashley Furniture Industries Inc. (Wisconsin, U.S.)
    Duff & Phelps, LLC. (New York, U.S.)
    Global Furniture USA (New Jersey, U.S.)
    ZouYou (Shenzhen, China)
    P & C ArteMobili SA (Nova Prata, Brazil)
    Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
    DEDON GmbH (Luneburg, Germany)
    Dare Studio (Worthing, England)
    Report Coverage

    The report offers valuable insights obtained by thorough study done by our researchers. An extensive research was conducted to provide the estimated size of the virtual reality market. The data used to project the shares for multiple segments at the country, regional, and global levels is obtained from in-depth interviews with numerous stakeholders. Furthermore, we have gained access to several global and regional paid databases to deliver precise information to make business investment decisions easy for you.

    Driving Factors

    Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

    Intermittent presentation of companies’ elite home facilities is anticipated to entice people to purchase them, consequently fueling the demand for these products. For example, in February 2020, BAXTER, which is an Italian home fitting products company, along with Sources Unlimited, its Indian provider, unveiled radical, lavish, and greatly crafted fixture items in India. This is expected to spur the furniture market growth.

    Segmentation

    By Material, the global market is divided into:

    Wood
    Metal
    Plastic
    Others
    By Category, the market is segregated into:

    Indoor
    Outdoor
    By End-User, the market is categorized into:

    Residential
    Office
    Hotel
    Others
    By Region, the global market is branched into:

    North America
    Europe
    Asia Pacific
    South America
    Middle East and Africa
    Regional Insights

    Asia Pacific to Hold Dominant Position in the Market through 2028

    Asia Pacific market was worth USD 223.9 billion in 2020. The largest furniture market share of the Asia Pacific region is accredited to several wood furniture producers in nations such as China and India.

    North America holds a substantial share of the market owing to the large usage of such products among the U.S. and Canada population, leading to the greater product incomes from such region.

    Significant growth of the European region is accredited to the rising utilization of wood-based furnishing pieces among the population in nations such as the U.K. and Germany.

    Competitive Landscape

    Collaborations among Corporations to Safeguard Their Brand Values in Global Market

    Fundamental players in the market are incessantly choosing operative tactics to endorse their products and institute their positions in the market. One such tactic is to unveil novel products by teaming up with other companies to expand their reach to end-users.

    Industry Development

    May 2020: Theodore Alexander USA, Inc., who is a console table and chair products producer, teamed up with Ralph Lauren Corporation, a vital U.S. based fashion products company, to extend its business through the partner’s retail fashion stores based in the U.S.
    Frequently Asked Questions (FAQs):

    1. Is the Furniture Industry growing?

    Answer: Fortune Business Insights says that the global market size was USD 475.4 billion in 2020 and is projected to reach USD 720.2 billion by 2028.

    2. Who are the key players in the Furniture Market?

    Answer: Herman Millar Inc., Steelcase Inc., and Ashley Furniture Industries Inc. are global market players.

    3. What are the Key Factors Raising the Market?

    Answer: Regular introduction of luxurious and innovative items by the associated companies is crucial for the market's growth.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/furniture-market-106357

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on December 21 at 7:07 . Comment   0 0
  • sanket ghate
    Travel Retail Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2029

    According to Fortune Business Insights, the global travel retail market size is anticipated to hit USD 96.11 billion by 2029 and exhibit a CAGR of 8.1% during the forecast period. The increasing number of international travelers is likely to drive the market’s growth. Fortune Business InsightsTM has presented this information in its report titled, “Travel Retail Market, 2022-2029”. The market size stood at USD 51.28 billion in 2021 and USD 55.74 billion in 2022.

    https://www.fortunebusinessinsights.com/travel-retail-market-104620

    Additionally, the rising popularity of sustainable duty-free shopping is a key trend that is anticipated to amplify market growth in the coming years.

    COVID-19 Impact-

    The strict lockdowns imposed during the pandemic have negatively impacted the market growth. The global air travel ban during the severe waves of the pandemic have affected the market’s growth. The growing number of air passengers amidst resuming air travel operations has helped the market retain traction. Nonetheless, the rising air travel and demand for personal protection equipment and products such as gloves, face masks, and sanitizers are expected to create lucrative growth for travel retail in the coming years.

    Fortune Business Insights™ lists out all the travel retail market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Lagardere Travel Retail (Lagardere Group) (France)
    DFS Group Ltd. (Hong Kong)
    Dufry AG (Basel, Switzerland)
    King Power International Group (Thailand)
    Aer Rianta International (Ireland)
    The Nuance Group AG (Switzerland)
    Lotte Duty Free (Lotte Hotel) (South Korea)
    Heinemann SE & Co. KG (U.S.)
    China Duty Free Group Co. Ltd. (CDFG) (China)
    Flemingo (South Korea)
    Drivers & Restraints-

    Increasing Number of International Travelers to Boost Market Growth

    The growing product demand due to the rising numbers of international and domestic travelers is likely to bolster the travel retail market growth. The improving income levels and increasing expenditure on travel by the millennial population are anticipated to be key factors stimulating the market growth. The data released by World Travel and Tourism Council (WTTC) in November 2021 estimated a 34.9% surge in the French travel & tourism industry in 2021.

    The launch of promotional campaigns by key companies to lure customers into buying duty-free commodities is likely to uptick product demand and boost travel retail.

    Additionally, the growing trend of sustainable duty-free shopping is likely to be a key trend expanding the market’s growth. The rising adoption of eco-friendly and sustainable practices, including biodegradable packaging, reduction and recycling, and others, by air travel retailers, is predicted to complement the market growth.

    However, high prices of products may hinder market growth due to low demand.

    Regional Insights-

    Asia Pacific to Hold the Lion’s Share

    Asia Pacific is projected to gain the largest travel retail market share. The high expenditure on duty-free products by international and domestic travels across countries such as South Korea, India, and China is likely to fuel the growth in Asia Pacific. Furthermore, the growing partnerships between duty-free retailers for business expansion are expected to favor market growth.

    Europe is likely to exhibit substantial growth in the coming years. The increasing infrastructural development for travel and tourism is expected to boost the market growth in Europe. Moreover, the strong presence of opulent cosmetics and other major duty-free brands is anticipated to favor the region’s market growth.

    The rising consumer expenditure on travel and tourism will foster growth in North America.

    The improving income levels of the middle-class populace will support growth in the Middle East & Africa.

    Segmentation-

    On the basis of product type, the market is fragmented into fashion & accessories, tobacco products, confectionery & fine foods, beverages, cosmetics, and others. On the basis of sector, the market is bifurcated into duty paid and duty-free. On the basis of sales channel, the market is segmented into border downtown hotel shops, seaport & cruise line shops, airport & airline shops, and others. Geographically, the market is classified into South America, North America, the Middle East & Africa, Asia Pacific, and Europe.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Competitive Landscape-

    Key Players Emphasize E-commerce Adoption to Expand Businesses Globally

    The major players operating in the market emphasize the adoption of e-commerce to expand their businesses globally. Sales promotional offers, personalized goods retail, and others are some key methods adopted by major players to capture huge customer bases. Recently, in November 2021, Pernod Richard, a beverage company based in France, unveiled its first boutique in China’s Shenzhen Duty-free Group Haikou.

    Key Industry Developments-

    October 2021: Lagardere Switzerland formed a partnership with Inflyter to introduce fully digital automated solutions at Geneva Airport, Switzerland.

    Frequently Asked Questions (FAQs):

    1. How much is the travel retail industry worth?

    Answer: Fortune Business Insights says that the industry size was USD 55.74 billion in 2022 and is anticipated to reach USD 96.11 billion by 2029.

    2. What was the value of the worldwide industry in 2021?

    Answer: In 2021, the industry valued at USD 51.28 billion.

    3. At what CAGR is the global market projected to grow in the forecast period (2022-2029)?

    Answer: At a CAGR of 8.1%, the global travel retail market forecasted to grow from 2022 to 2029.

    4. Which is the leading type of product in this market?
    Answer: The cosmetics segment is a leading product type during the forecast period (2022-2029).

    5. What is the crucial factor driving the global market?
    Answer: The rising number of international travelers is accelerating growth.

    6. Who are the key players in the global travel retail sector?

    Answer: Lagardere Travel Retail (Lagardere Group), DFS Group Ltd., Dufry AG are leading companies worldwide.

    7. Which region held the dominant share in 2021?

    Answer: Asia Pacific region to dominate the market in 2021.

    8. Which factors drive the adoption of travel & tourism retail-related services?

    Answer: Retailers adopting eco-friendly business practices is one of the prominent trends.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/travel-retail-market-104620

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

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    on December 20 at 7:29 . Comment   0 0
  • sanket ghate
    Mattress Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2028

    The worldwide mattress market size hit USD 49.24 billion in 2021. The market value is slated to rise from USD 50.61 billion in 2022 to USD 72.95 billion by 2029, exhibiting a CAGR of 5.36% during the forecast period. The growing global demand for luxury and customized products suggests a significant shift in consumers' perceived notion of mattresses beyond durable goods to an indicator of social status, says Fortune Business Insights™ in its report titled, “Mattress Market, 2022-2029”.

    https://www.fortunebusinessinsights.com/mattress-market-102108

    Report Coverage-

    The research report examines the market in-depth and highlights important factors such as prominent companies, product types, and sizes. Aside from that, the research report discusses market trends and highlights significant industry developments. In addition to the previously mentioned aspects, the report includes several factors that contribute to the market growth.

    Fortune Business Insights™ lists out all the mattress market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Serta Simmons Bedding, LLC (U.S.)
    Tempur Sealy International, Inc. (U.S.)
    Sleep Number Corporation (U.S.)
    Paramount Bed Holdings co. ltd (Japan)
    Kingsdown, Inc. (U.S.)
    Grupo Pikolin (Spain)
    King Koil Mattress. Co (U.S.)
    Suibao Group (China)
    Greiner AG (Austria)
    Sheela Foam Ltd (India)
    COVID-19 Impact -

    COVID-19 Crisis to Create Severe Supply Chain Disruptions that will Stall Business Growth

    The COVID-19 pandemic had a significant impact on the mattress market growth. Due to declining demand for expensive mattresses and sleep products, manufacturers were forced to delay product launches and cut costs as a result of the unprecedented pandemic. Trade tensions and trade protectionist measures between China, Australia, and the U.S., or other trading partners are likely to hamper international product sales in the near term. Several market players have used various strategies in recent years to mitigate the impact of COVID-19 on their operations.

    Drivers & Restraints-

    Rising Number of Housing Units to Favor Market Expansion

    The rising number of housing constructions worldwide, combined with rising consumer spending on home furnishings and bedding products, is driving the global industry growth. The growing number of single-occupancy homes and nuclear families around the world necessitates a separate room for each family member across countries, boosting the product demand. According to the National Bed Federation Survey results published in March 2020, the percentage of survey respondents who purchased the product increased from 24% to 32% in the previous six months. However, higher product lifespan is one of the most important factors influencing consumer purchasing decisions in retail stores and online marketplaces around the world.

    Segments-

    By Material, Rising Prevalence of Traditional Concepts to Trigger Demand

    Based on type, the global market is divided into spring/coil, foam, latex, and others. Over the forecast period, the spring/coil segment is expected to grow at a rapid pace. Traditional spring/coil-based or innerspring products are available to users. Metal springs are used in the manufacturing of these products to provide an underlying support layer for increased comfort.

    By Size, Rising Adoption of Spacious Products to Accelerate Product Sales

    Queen-sized products are among the most popular and preferred sizes around the world. These items provide enough space for two people and are typically found in master bedrooms. According to the results of a survey conducted by Bedbuyer Pty Ltd, an Australian independent mattress review website, approximately 61% of those polled preferred to sleep on a queen-sized product, followed by the king, double, and single, among others. Kids' mattresses are gaining popularity around the world, with a large number of brands releasing new products in a variety of sizes.

    By Application, Growth of International Tourism to Boost Product Sales

    Based on application, the market is divided into households, hospitality facilities, healthcare facilities, and others. According to the National Bed Federation survey results published in March 2020, among the essential factors deemed influencing consumer buying decisions for households, 'comfort' level topped the list, with approximately 66% of survey respondents expressing their preference for comfort, followed by price (57%), and reviews from other customers accounting for 31%. The growing number of initiatives by governments around the world to provide affordable housing is surging the product demand in the household category.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Regional Insights-

    North America to Emerge as a Crucial Market

    In 2021, North America emerged as the most important market. The North American mattress market share, led by the U.S. is distinguished by a strong consumer preference for luxury and high-quality goods.

    The rapidly expanding travel and tourism industry benefits the European market. Many tourist attractions across Europe are facilitating product circulation in the hospitality sector in this regard.

    Asia Pacific is expected to witness the fastest CAGR between 2022 and 2029. The region's large market size is due to rapidly growing housing units in China and India.

    Product sales in the South American, Middle Eastern, and African markets are expected to increase in the near future. In recent years, industry participants have concentrated their efforts on establishing their presence in these markets.

    Competitive Landscape-

    Product Concepts to be Improved through Emerging Categories

    Various competitive strategies, such as new product launches and collaborations, have been implemented by industry participants to help them stay ahead of the increasingly fierce competition. In recent years, there has been an increase in demand for innovative products. Given the ease of product delivery, the bed-in-box category has gained widespread attention in this regard.

    Key Industry Development-

    March 2022: Under the SLEEP NUMBER 360 brand, Sleep Number Corporation debuted its Artificial Intelligence (AI)-powered smart bed. The new product includes advanced embedded sensors that continuously monitor and improve users' sleep and health by adapting to their changing needs. This smart bed is also intended to provide users with real-time insights and responses by continuously monitoring their overall health, sleep health behaviors, and chronic sleep challenges.

    Frequently Asked Questions (FAQs):

    1. How much is the global mattress market worth?

    Answer: Fortune Business Insights says that the global market size was USD 49.24 billion in 2021 and is projected to reach USD 72.95 billion by 2029

    2.. At what CAGR is the market projected to grow in the forecast period (2022-2029)?

    Answer: Growing at a CAGR of 5.36%, the market will exhibit a steady growth rate during the forecast period (2022-2029).

    3. What is the leading segment in the market?

    Answer: Spring/Coil is expected to be the leading segment in this market during the forecast period

    4. What are the key factors driving the market?

    Answer: Rising Number of Housing Units to Support Market Growth

    5. Who are the major players in this market?

    Answer: Serta Simmons Bedding, LLC, Tempur Sealy International, Inc., Sleep Number Corporation are a few major players in the global market.

    6.Which region held the highest share in the market?

    Answer: Asia Pacific held the highest market share in 2020.

    7. Which factors are expected to drive the adoption of these products?

    Answer: Smart, antiviral as well as bed-in-box types are expected to drive adoption in the global market.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/mattress-market-102108

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on December 19 at 9:31 . Comment   0 0
  • sanket ghate
    Mattress Market Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Regional Forecast to 2028

    The worldwide mattress market size hit USD 49.24 billion in 2021. The market value is slated to rise from USD 50.61 billion in 2022 to USD 72.95 billion by 2029, exhibiting a CAGR of 5.36% during the forecast period. The growing global demand for luxury and customized products suggests a significant shift in consumers' perceived notion of mattresses beyond durable goods to an indicator of social status,

    The research report examines the market in-depth and highlights important factors such as prominent companies, product types, and sizes. Aside from that, the research report discusses market trends and highlights significant industry developments. In addition to the previously mentioned aspects, the report includes several factors that contribute to the market growth.

    Fortune Business Insights™ lists out all the mattress market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Serta Simmons Bedding, LLC (U.S.)
    Tempur Sealy International, Inc. (U.S.)
    Sleep Number Corporation (U.S.)
    Paramount Bed Holdings co. ltd (Japan)
    Kingsdown, Inc. (U.S.)
    Grupo Pikolin (Spain)
    King Koil Mattress. Co (U.S.)
    Suibao Group (China)
    Greiner AG (Austria)
    Sheela Foam Ltd (India)
    COVID-19 Impact -

    COVID-19 Crisis to Create Severe Supply Chain Disruptions that will Stall Business Growth

    The COVID-19 pandemic had a significant impact on the mattress market growth. Due to declining demand for expensive mattresses and sleep products, manufacturers were forced to delay product launches and cut costs as a result of the unprecedented pandemic. Trade tensions and trade protectionist measures between China, Australia, and the U.S., or other trading partners are likely to hamper international product sales in the near term. Several market players have used various strategies in recent years to mitigate the impact of COVID-19 on their operations.

    Drivers & Restraints-

    Rising Number of Housing Units to Favor Market Expansion

    The rising number of housing constructions worldwide, combined with rising consumer spending on home furnishings and bedding products, is driving the global industry growth. The growing number of single-occupancy homes and nuclear families around the world necessitates a separate room for each family member across countries, boosting the product demand. According to the National Bed Federation Survey results published in March 2020, the percentage of survey respondents who purchased the product increased from 24% to 32% in the previous six months. However, higher product lifespan is one of the most important factors influencing consumer purchasing decisions in retail stores and online marketplaces around the world.

    Segments-

    By Material, Rising Prevalence of Traditional Concepts to Trigger Demand

    Based on type, the global market is divided into spring/coil, foam, latex, and others. Over the forecast period, the spring/coil segment is expected to grow at a rapid pace. Traditional spring/coil-based or innerspring products are available to users. Metal springs are used in the manufacturing of these products to provide an underlying support layer for increased comfort.

    By Size, Rising Adoption of Spacious Products to Accelerate Product Sales

    Queen-sized products are among the most popular and preferred sizes around the world. These items provide enough space for two people and are typically found in master bedrooms. According to the results of a survey conducted by Bedbuyer Pty Ltd, an Australian independent mattress review website, approximately 61% of those polled preferred to sleep on a queen-sized product, followed by the king, double, and single, among others. Kids' mattresses are gaining popularity around the world, with a large number of brands releasing new products in a variety of sizes.

    By Application, Growth of International Tourism to Boost Product Sales

    Based on application, the market is divided into households, hospitality facilities, healthcare facilities, and others. According to the National Bed Federation survey results published in March 2020, among the essential factors deemed influencing consumer buying decisions for households, 'comfort' level topped the list, with approximately 66% of survey respondents expressing their preference for comfort, followed by price (57%), and reviews from other customers accounting for 31%. The growing number of initiatives by governments around the world to provide affordable housing is surging the product demand in the household category.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Regional Insights-

    North America to Emerge as a Crucial Market

    In 2021, North America emerged as the most important market. The North American mattress market share, led by the U.S. is distinguished by a strong consumer preference for luxury and high-quality goods.

    The rapidly expanding travel and tourism industry benefits the European market. Many tourist attractions across Europe are facilitating product circulation in the hospitality sector in this regard.

    Asia Pacific is expected to witness the fastest CAGR between 2022 and 2029. The region's large market size is due to rapidly growing housing units in China and India.

    Product sales in the South American, Middle Eastern, and African markets are expected to increase in the near future. In recent years, industry participants have concentrated their efforts on establishing their presence in these markets.

    Competitive Landscape-

    Product Concepts to be Improved through Emerging Categories

    Various competitive strategies, such as new product launches and collaborations, have been implemented by industry participants to help them stay ahead of the increasingly fierce competition. In recent years, there has been an increase in demand for innovative products. Given the ease of product delivery, the bed-in-box category has gained widespread attention in this regard.

    Key Industry Development-

    March 2022: Under the SLEEP NUMBER 360 brand, Sleep Number Corporation debuted its Artificial Intelligence (AI)-powered smart bed. The new product includes advanced embedded sensors that continuously monitor and improve users' sleep and health by adapting to their changing needs. This smart bed is also intended to provide users with real-time insights and responses by continuously monitoring their overall health, sleep health behaviors, and chronic sleep challenges.

    Frequently Asked Questions (FAQs):

    1. How much is the global mattress market worth?

    Answer: Fortune Business Insights says that the global market size was USD 49.24 billion in 2021 and is projected to reach USD 72.95 billion by 2029

    2.. At what CAGR is the market projected to grow in the forecast period (2022-2029)?

    Answer: Growing at a CAGR of 5.36%, the market will exhibit a steady growth rate during the forecast period (2022-2029).

    3. What is the leading segment in the market?

    Answer: Spring/Coil is expected to be the leading segment in this market during the forecast period

    4. What are the key factors driving the market?

    Answer: Rising Number of Housing Units to Support Market Growth

    5. Who are the major players in this market?

    Answer: Serta Simmons Bedding, LLC, Tempur Sealy International, Inc., Sleep Number Corporation are a few major players in the global market.

    6.Which region held the highest share in the market?

    Answer: Asia Pacific held the highest market share in 2020.

    7. Which factors are expected to drive the adoption of these products?

    Answer: Smart, antiviral as well as bed-in-box types are expected to drive adoption in the global market.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/mattress-market-102108

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on December 16 at 8:58 . Comment   0 0
  • sanket ghate
    Private Tutoring Market Size, Growth Factors, Top Leaders, Trends, Analysis, Competitive Landscape and Regional Forecast 2028

    The global private tutoring market size is expected to reach USD 171.93 billion by 2028, exhibiting a CAGR of 8.3% during the forecast period. The requisite for higher education in developing countries will subsequently improve the prospects of private tutoring, in a report, titled “Private Tutoring Market Size, Share & COVID-19 Impact Analysis, By Subjects (Academic and Non-academic), Application (Up-to K-12 and Post K-12), Mode (Offline and Online), and Regional Forecast, 2021-2028.” The market size stood at USD 92.59 billion in 2020.

    The occurrence of coronavirus has exerted massive economic stress onto sectors in various countries. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

    We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.

    Fortune Business Insights™ lists out all the Private Tutoring Market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Chegg, Inc. (Santa Clara, U.S.)
    Ambow Education Holding Ltd. (Beijing, China)
    TAL Education Group (Beijing, China)
    Mathnasium LLC (Los Angeles, U.S.)
    Educomp Solutions Ltd. (Gurgaon, India)
    Sylvan Learning, LLC (Baltimore, U.S.)
    Daekyo Co., Ltd. (Seoul, South Korea)
    Kumon Institute of Education Co., Ltd. (Tokyo, Japan)
    Kaplan Inc. (New York, U.S.)
    Action Tutoring (London, U.K.)
    Market Driver:

    Increasing Participants in Competitive Exams to Incite Growth

    The increasing competition among students has resulted in high demand for private tutoring, which will boost the market growth. The rising difficulty in level entrance exams by renowned schools or universities can create lucrative opportunities for this market. As per the Global Education Census Report 2018 published in November 2018 by Cambridge Assessment International Education, about 4 in 10 surveyed students (43%) had received private tuition outside the school worldwide, wherein in China, it accounted for more than 5 in 10 observed students (57%), followed by India (55%), and 1 in 10 students in the U.S. Furthermore, the increasing expectations of parents for high marks in academics from their children will accelerate the growth of the market. Besides, raising consciousness regarding learning in developing nations will simultaneously enable speedy expansion of the market.

    Remote Teaching to Amplify Growth During Coronavirus

    The temporary closure of education institutes due to the pandemic has adversely impacted the education industry. As per the article, ’The Impact of the Covid-19 Pandemic on Education Financing’, published in May 2020 by World Bank Group, the real growth in education spending per capita in all countries, as per downside forecast, was estimated to decline at a rate of -5.7% in 2020. However, the shift towards online education will consequently stabilize the market amid COVID-19. Besides, the growing popularity of online learning due to its convenience will boost the private tutoring market growth.

    The report on the private tutoring market depicts:

    Prominent understandings of the market
    Swot Analysis of the regions
    Latest market trends and developments
    Stellar insights into the competitive landscape
    Prime data about regional players
    Regional Analysis:

    Surging Demand for Coaching Classes to Augment Growth in Asia Pacific

    The market in Asia Pacific is expected to hold the largest private tutoring market share during the forecast period. The growth is attributed to coaching classes' popularity primarily in China, Japan, South Korea, and Southeast Asian nations. In May 2020, the press release of Yonhap News Agency reported the results of an annual survey conducted by the National Statistics Korea and the Ministry of Gender Equality and Family. It was reported that, in 2019, about ¾th of the students received private tutoring in South Korea, wherein students spent, on an average, 6.5 hours/week for this tutoring. Also, the increasing middle-class population is likely to spur business opportunities for the market in Asia Pacific.

    Report Aim & Scope:

    An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
    The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
    Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
    The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
    The various parameters accelerating the growth of the market are incorporated in the research report.
    The report analyzes growth rate, market size and valuation of the market during the forecast period.
    Notable Development:

    September 2019: Chegg, Inc., an American education technology company based in Santa Clara, California, announced that it has acquired Thinkful, an online learning platform offering professional courses in America.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/private-tutoring-market-104753

    About Us:

    Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

    Contact Us:

    Fortune Business Insights™ Pvt. Ltd.

    9th Floor, Icon Tower,

    Baner - Mahalunge Road,

    Baner, Pune-411045, Maharashtra, India.

    Phone:

    US: +1 424 253 0390

    UK: +44 2071 939123

    APAC: +91 744 740 1245

    Email: sales@fortunebusinessinsights.com

    Fortune Business Insights™

    Linkedin | Twitter | Blogs
    on December 14 at 7:29 . Comment   0 0
  • sanket ghate
    Tissue Paper Market Trends, Size, Growth Insight, Share, Competitive Analysis, Regional and global Industry Forecast To 2029

    According to Fortune Business Insights, the tissue paper market size reached USD 76.52 billion in 2021. The market value is anticipated to increase from USD 80.99 billion in 2022 to USD 124.74 billion by 2029 at a CAGR of 6.4% during the forecast duration. Tissue paper is widely used for sanitation and hygiene. People are becoming more aware of the importance of personal hygiene and sanitation, so pulp-based sanitary products are becoming more popular, says Fortune Business InsightsTM in its report titled, “Tissue Paper Market, 2022-2029”.

    COVID-19 Impact-

    COVID-19 Pandemic will Accelerate the Market for Hygiene Awareness

    People are increasingly using tissue products to keep their surroundings clean and sanitary, as well as to avoid coronavirus infection. Furthermore, they prefer stocking up on toilet paper, wipes, and other grocery items to avoid running out of essential daily items during the COVID-19 lockdown restrictions. Due to this factor, the global population's demand for facial wrappers and wipes has increased significantly during the pandemic.

    Fortune Business Insights™ lists out all the tissue paper market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

    Von Drehle Corporation (U.S.)
    First Quality Tissue LLC (U.S.)
    St Croix Tissue (U.S.)
    Orchid Paper Products Company (U.S.)
    AbitibiBowater Inc. (Canada)
    Kruger Inc. (Canada)
    Asian Pulp & Paper (China)
    Svenska Cellulosa AB (Sweden)
    Hengan (China)
    CMPC Tissue SA (Chile)
    Sofidel Group (Italy)
    Faderco (Algeria)
    Report Coverage-

    The tissue paper market research report offers a thorough examination of the market, focusing on critical factors such as leading companies, product types, application, and distribution channels. Aside from that, the report provides insights into market trends as well as highlights important industry developments.

    Drivers & Restraints-

    Innovative products have a positive impact on the market

    Companies have recently incorporated various innovations into the design of napkins and sanitary items in order to provide people with soft, higher absorption capacity-based hygiene products. This factor will aid the market's growth in the future. Bunzl R3, for example, introduced a creative, comprehensive line of multi-foldable and variously shaped towels, napkins, and other groceries to provide customers with high-quality hygienic items. However, Rising environmental concerns, such as deforestation and global warming caused by tree cutting will limit the tissue paper market growth.

    Segmentation-

    On the basis of product type, the market is divided into facial tissue, paper towels, wipes, bath & toilet paper, and others. On the basis of application, the market is bifurcated into commercial and household application. Geographically, the market is classified into North America, Asia Pacific, Europe, South America, the Middle East & Africa.

    Regional Insights-

    North America to dominate the global market share

    During the forecast period, Asia Pacific is expected to have a significant tissue paper market share. This can be attributed to factors such as China's, Japan's, and the East Asian region's evolving production capability for wood-based items.

    North America is primarily driven by high toilet paper consumption in countries such as Canada and the U.S. According to the NRDC Organization's report "Issue with Tissue- How Americans are Flushing Down the Toilet," the U.S. consumes the most toilet rolls, valued at USD 11.2 billion per year.

    The European region will see a rapid growth rate for the market, due to the region's growing infrastructural facilities for the hospitality and hotel industry.

    The South American market is primarily driven by the increasing production capacity of pulp-based products such as sacks, corrugated boxes, boxboards, and sanitary sheets in Chile, Brazil, Peru, and Argentina.

    The Middle East and Africa market is primarily driven by a thriving beverage industry, which drives the consumption of beverage napkins.

    According to the Dubai government's report "Food & Beverage Sector Indicators," beverage sales increased by 6.9% in 2019 and are expected to increase by 6% between 2019 and 2022. Furthermore, growing government promotional campaigns promote personal care and cleanliness in Sub-Saharan Africa.

    Rеаѕоnѕ to Get thіѕ Rероrt:

    A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
    Data on market value for each section and sub-segment
    Indicates the region and market segment that is likely to expand the fastest and dominate the market.
    The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.
    The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.
    Competitive Landscape-

    A market's growth is dependent on innovation and effective distribution channels

    Companies must manage their supply chains and inventories in order to maintain the necessary manufacturing capacity for tissue items. Svenska Cellulosa AB is a market leader with the most manufacturing capacity for pulp-based products. To improve environmental sustainability, the company employs product innovation as a business strategy to improve the absorption capability of paper and pulp-based items as well as the effective utilization of raw materials.

    Notable Industry Development-

    September 2019: the Cascades, a leader in the manufacture of tissue and packaging products, has acquired the assets of Orchid Paper Product, which will help the company strengthen its operational and geographic position in the tissue segment.

    Frequently Asked Questions (FAQs):

    1. How much is the tissue paper market worth?

    Answer: Fortune Business Insights says that the global market size was USD 76.52 billion in 2021 and is projected to reach USD 124.74 billion by 2029.

    2. What was the value of the market in 2021?

    Answer: In 2021, the market value stood at USD 76.52 billion.

    3. At what CAGR is the market projected to grow in the forecast period (2022-2029)?

    Answer: Growing at a CAGR of 6.4%, the market is forecasted to grow from 2022 to 2029.

    Browse Detailed Summary of Research Report:

    https://www.fortunebusinessinsights.com/tissue-paper-market-102847

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