Through 2031, the global down and feather products market is predicted to reach a value of US$ 13.9 billion, with a CAGR of about 7.7%. the growth of the home décor industry, as well as the increasing importance of high-quality, comfortable, and luxurious insulation in bedding and clothes, are driving down and feather sales.
In the industry, technological advancements such as better processing units and advanced machinery for dusting, cleaning, and processing have surpassed conventional methods. Chun Li International Co., Ltd., for example, boosted its production capacity to strengthen its in-house production facilities for pre-deducting, washing, spin-drying, drying, cooling/de-dusting, sorting, and blending, which helped the company save money.
Because synthetic insulations are hydrophobic and made of chemical textile fibres that are non-renewable in nature, they are no longer popular in the residential market. Customers are shifting to down and feather goods that are gathered as food waste and are environmentally benign and certified.
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To compensate, numerous environmental organisations and corporations have formed a partnership to promote sustainable sourcing techniques. Manufacturers are taking part in these events and projecting an image of being environmentally conscious.
Key Takeaways from the Down and Feather Market Study
- Duck down and feathers are expected to hold a revenue share of 76.4% in 2021 aided by their lower cost and better quality as compared to other insulation materials.
- Bedding products dominate the market with a share of over 75% with a wider scope of product portfolios supporting sales prospects.
- The U.S. holds a noteworthy value share of 82.9% in North America owing to the high penetration of key players in the region.
- Malaysia is a key market in South Asia reflecting a CAGR of 21.5% owing to higher spending on premium products in the country.
- China showcases major opportunities for the down and feather industry owing to a larger consumer population accounting for 40.1% in 2021.
“Frequent collaborations and partnerships between manufacturers and suppliers are key factors creating a conducive environment for leading manufacturers, which will fuel the down and feather market through the coming decade,” says an FMI analyst.
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Impact of COVID-19 on the Market
The coronavirus outbreak has caused an economic downturn by disrupting corporate operations in a variety of industries. The retail sector has also witnessed a short-term slump. Temporary difficulty for market participants is the decline in terms of overall discretionary spending levels.
Consumers were subjected to maximum restrictions, which resulted in substantial decline through year-on-year revenue. During the pandemic, there was a drop in productivity due to complete lockdowns, and disruption in the industrial environment. The sales were bracketed by online retailing.
In light of this, players are concentrating their efforts on increasing internet penetration, as this allows them to reach a larger consumer base quickly and at a lower cost.
Who is winning?
Leading manufacturers of down and feather are primarily focused on differential strategies and advertisements that have driven sales growth of down and feathers on a global scale.
Major players present in the down and feather market are Pan Pacific Company Ltd., Allied Feather & Down, Down-Lite International Inc., Peter Kohl KG, KL Down, Chunli International Co Ltd., Bettfedern Handelsgesellschaft mbH & Co. KG (Rohdex), Heinrich Häussling GmbH & Co., Karl Sluka GmbH, Norfolk Feather Company, Feather Industries, Treude & Metz GmbH & Co. KG, Sustainable Down Source, Navarpluma, and Shin Joo Won D&G Co.among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the down and feather market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the down and feather market based on the product type (down and feather), origin (duck and goose), and application (bedding products, apparels, and sleeping bags and outdoor gear) across seven major regions.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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