Market Research Blog

 The U.S. faith based tourism market is poised to reach a valuation of US$ 1,001 Mn in 2022. Sales in the U.S. faith based tourism market are projected to increase at 9.2% CAGR from 2022 to 2032.

The religious sector has drawn a large number of people to sites of attraction such as shrines and home places of deities since time immemorial. With the passage of time, the concept has evolved to spiritual tourism, in which, visiting religious believers are treated as tourists as they are looking for ways to market their visit as a vacation in addition to fulfilling their religious purpose.

Faith based tourism is expected to broaden the travel industry in the U.S. The Roman Catholic Church has effectively implemented pilgrimage traditions in the country, thereby establishing a variety of pilgrimage locations complete with sacred relics of martyrs, miracles & healing stories, Marian apparitions, and patron saints.

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Key Takeaways: U.S. Faith Based Tourism Market

• By booking channel, the online booking segment is expected to generate a significant share of 45% in the U.S. faith based tourism market.
• In terms of age group, the 46-55 years’ segment is anticipated to hold the lion’s share through 2032.
• By tourist type, the domestic segment is likely to remain at the forefront in terms of share during the forecast period.
• In terms of tour type, the package travelers segment is anticipated to generate the largest share of the U.S. faith based tourism industry.
• Based on tourism type, the religious and heritage tours segment is expected to dominate the U.S. faith based tourism market.

“High demand for more authentic experiences among tourists such as immersing themselves in spiritual and cultural traditions associated with a religion or pilgrimage site would drive the faith based tourism market in the U.S.,” says a FMI analyst.

Competitive Landscape: U.S. Faith Based Tourism Market

Leading companies in the U.S. faith based tourism market are focusing on robust promotional strategies such as advertisements, as well as new package launches to generate high sales.

Leading companies in the U.S. faith based tourism industry include Expedia Group, Booking Holdings, American Express Global Business Travel, BCD Travel, CWT, Flight Centre, Travel Leaders Group, American Express, Direct Travel, Corporate Travel Management North America, Fareportal, American Automobile Association, Travel and Transport, Frosch, and Omega World Travel among others.

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U.S. Faith Based Tourism Market Outlook by Category

By Tourism Type:

• Day Trips & Local Gateways
• Museums
• Pilgrimages
• Religious and Heritage Tours
• Others

By Booking Channel:

• Phone Booking
• Online Booking
• In-Person Booking

By Tourist Type:

• Domestic
• International

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

By Consumer Orientation:

• Men
• Women
• Children

By Tour Type:

• Independent Travelers
• Tour Groups
• Package Travelers

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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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The global casino hotel market is estimated to be assessed at US$ 311.6 Billion by 2032, up from US$ 191 Billion in 2022, at a CAGR of 4.7% from 2022 – 2032

The casino hotel industry has witnessed a phenomenal growth in the last few years. This has enabled the sector investors to invest and establish many luxurious casino hotels in several prime regions.

The casino hotel industry spawns revenues from various services and amenities such as food, beverages, entertainment, gaming and casino, dining, rooms and lodging, get-together facilities and so on. There are many casino hotels across the globe and these are taking over the lodging and hotel industry in terms of tourist preference at a faster rate.

A casino hotel is a facility that provides temporary lodging services, casino services and restaurant – bar services. The customers are benefitted by both lodging as well as gambling (casino) facilities. As both these offerings are available under one roof it becomes very convenient for the customers as they can enjoy all benefits without moving to different places (lodging, food, and casino in one place).

The trend of the casino hotel industry is to make available different facilities in the luxury tourism sector to attract more customers and ensure the long stay of these customers to enjoy and experience the casino hotel property. This industry is perceived as glamorous. The growth of the casino hotel industry is generally seen in spring and summer seasons rather than winter as people prefer travelling during favourable weather conditions.

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Casino Hotel Industry: Push Factors

There are many aspects that contribute to the exponential growth of the casino hotel industry. This industry plays a major role in the economic development of a country. Moreover, it provides a wide range of career opportunities such as supervisors, gaming managers, slow machine supervisors, security guard positions, gaming dealers etc.

It also provides opportunities in other areas such as accounting, food services, advertising, event production and management, and so on. It does not require any additional qualifications for these posts and hence people find it even more convenient to earn from the glamorous world of the casino hotel industry.

The casino hotel industry has a strong record of internal promotions of their workers and staff based on their performance and this adds to the popularity aspect of this industry. It also helps the government by generating tax revenues. Consumer spending on the tourism sector has increased after the economic growth due to high disposable income.

Online reservations make it easier and convenient for the tourists as well as the staff members to make accommodation changes and also exchange information regarding current offers, best deals etc. This convenience aspect leads to an increase in the number of travellers on any given day.

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Casino Hotel Industry: Pull Factors

Economic recession is a major challenge faced by the casino hotel industry. Owing to the possible downturn of the economy, the demand in this sector could be in the declining phase resulting in dropping sales figures. Further, the reduction in domestic as well as international travels would be a major detrimental factor to the growth of the casino hotel industry as it relies on the tourists and their footfall in the various casino hotel facilities.

Casino Hotel Industry: Key Regions

The casino hotel industry is popular in the United States, Macau, Australia, China, Singapore and South Korea. The emerging economies in the Asia Pacific region reflect high growth potential. The United States is a relatively bigger market for the casino hotel industry.

Casino Hotel Industry: Key Players

Caesars Entertainment Corporation, MGM Grand, Las Vegas Sands Corporation, Wynn Resorts Limited, Bellagio, CasaBlanca and Marina Hotel and Casino are some of the well-known players in the casino hotel industry sector.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

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Key Segments in the Casino Hotel Market

By Type:

• Poker
• Blackjack
• Roulette
• Slots
• Others

By Consumer Orientation:

• Men
• Women

By Age Group:

• 18 to 35 Years
• 36 to 50 Years
• 50 Years and Above

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The responsible tourism market to reach a valuation of US$ 240.23 Bn in 2022. Sales are projected to increase at a 5.48% CAGR, with the market size reaching US$ 409.57 Bn by 2032.

This has helped the market grow at a good speed while creating employment opportunities for the locals of the tourist spot. The market is expected to rise further with the customer base increasing as more awareness is spread across the world.

Socially responsible tourism has been a popular option since the period of globalization, with a strong sentiment toward improving the geopolitical situation, there arises a need to socialize and integrate with different cultures from around the world. This has led to people traveling to different places across the world while ensuring that they respect the local culture and help it improve financially.

The creation of jobs for locals has also seen a drastic improvement since the rise of responsible tourism, with tourists helping immensely by contributing through their tourism activities.

The Responsible Tourism market is forecasted to grow at a stable rate throughout the forecast period. The need for environmentally, economically, and socially responsible tourism practices has given rise to this type of tourism.

Customers are actively trying to make their tours and trips as responsible as possible; with this increasing demand from customers, the firms are catching up with lucrative packages that ensure a responsible tour.

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Key Takeaways from the Responsible Tourism Market Study:

• Asia Pacific region holds the majority share of the market, accounting for 38% of the market.
• Some of the leading countries in the market are India, South Africa, New Zealand, Mexico, and Indonesia.
• Environmentally responsible tourism is the leading category in the market.
• Packaged travellers remain the majority in the market.
• A positive impact on tourist satisfaction has been found when responsible tourism is practiced.
• Online booking channels are the most preferred among consumers in the responsible tourism market.

“Helping local economies and creating employment opportunities will be one of the main goals in the responsible tourism sector” – FMI Analyst said.

Impact of COVID-19

The COVID-19 epidemic has impacted practically all of the world’s main markets. This included the total shutdown of the responsible tourism industry, which was severely harmed by the pandemic. The global lockdown had a significant impact on the market; it was implemented to curtail social activities and the transmission of the virus. Tourism-related activities had to completely stop as a result.

Following the epidemic, the market did recover as the major companies innovated their products and worked to make up for their losses. Owing to the rise in individuals wishing to venture outside and partake in outdoor activities they were unable to participate in due to the epidemic, the sector is anticipated to experience a boom in visitors.

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Who is winning?

The market players are looking to become recognized, as responsible tourism practices rise due to the rising consumer demand for responsible travel. Additionally, the businesses hope to offer consumers packages to places that are less frequently visited by tourists. This along with grabbing the increasing government initiatives

The key players in the responsible tourism market are Intrepid Travel, Much Better Adventures, Undiscovered Mountains, Adventure Alternative, Justice Travel, Global Himalayan Expedition, and European Safari Company.

The Responsible Tourism Market by Category

By Benefit Type:

• Economic
• Social
• Environmental

By Booking Channel:

• Phone Booking
• Online Booking
• In Person Booking

By Tourist Type:

• Domestic
• International

By Tour Type:

• Independent Traveler
• Package Traveler
• Tour Group

By Consumer Orientation:

• Men
• Women

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

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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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The saudi arabia hajj tourism market is likely to surge at a vigorous 7.0 % CAGR from 2022 – 2032. Likely to reach a market revenue of US$ 150.0 Bn in 2022, and is expected to cross US$ 350.0 Bn by 2032.

The Hajj signifies main tourism prospect for both national and international stakeholders, mainly tour operators and hotel groups. The Saudi Arabia government is also supporting this holy gathering by investing in hotels and renovating ancient religious sights. To promote Hajj tourism globally a landmark hotel named as Abraj Kudai Hotel is in the pipeline – this hotel is anticipated to be the world’s largest hotel with 10,000 rooms.

The Hajj is an annual journey to Mecca in Saudi Arabia and is the world’s largest mass gathering. All the physically and financially able grownup Muslims make Hajj at least once in their lifetime.

Around two million Hajjis travel to Saudi Arabia during September to visit Islam’s holiest places, Mecca and Medina. Earlier, Hajj was a simply a traditional ritual in the Islamic world, but in recent days it has become a tourism destination because of the facilities evolved over the last few years.

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Hajj is emerging as a perennial flow of religious tourists and is a primary source of revenue generation from international pilgrims from countries with a large Muslim population. Domestic pilgrims are also contributing to the revenue generation. Some of the international pilgrims come from countries such as India, Indonesia, Nigeria, Morocco, and Algeria among many other Muslim countries.

Saudi Arabia Hajj Tourism Market: Drivers and Opportunities

Mainly, factors such as religious faith or established rituals to follow among spiritual Hajjis and the growth in per capita income are driving Saudi Arabia Hajj Tourism Market by bringing Hajjis from all over the globe. The other drivers that trigger the demand for Hajji Tourism in Saudi Arabia are the comforts and facilities built for the devotees, ease in travel and accommodation. Besides, many historical monuments are renovated by the Saudi government which become add-on tourist spots and major attractions for the pilgrims.

Saudi Arabia Hajj Tourism Market is an enormous opportunity for travel and hotel industry for future business prospects. Some opportunities listed are many domestic and international airlines including Qatar Airways, Qatar’s Al Maha airlines that provide their services on domestic and international routes, and this will increase the competition.

The rise in the volume of national and international Hajjis propell the demand for accommodation thereby boosting hotel rentals. Backpack concept in areas such as Riyadh, Jeddah and Medina is also coming up as a possible opportunity with a business and facility point at Hajj Tourism within the Saudi Arabia tourism industry.

Saudi Arabia Hajj Tourism Market: Restraints

As Hajj is practiced from ancient time and is a tradition in Islamic region, persistence in the visit by devotees can be seen significantly, but some factors such as lack of facilities, chances of accidents, and lack of travelling provinces are slowing down the volume of pilgrims to an extent.

Although the government and private sector have taken many initiatives to overcome the hindrances to some extent, certain restraints such as large rental car booking, shortage of rental vehicles, over occupancy of accommodation, serious crowding of the places and unorganised facilities hinder Saudi Arabia Hajj Tourism Market.

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Saudi Arabia Hajj Tourism Market: Options

As per the 2013 Saudi Tourism and Antiquities Committee (SCTA) count, there were around 160 tour agents in Saudi Arabia catering only to religious tours mainly Saudi Arabia Hajj Tourism Market.

Some of the prominent Hajj tour operators who provide their services to tourists across the world include Flynn’s Company LCC Accor KSA, Al Tala’a International Transportation Co. Limited, Fly Dubai Saudi Arabia, Al Tayyar Travel Group, Zamil Travel, Avis Saudi Arabia, Zahid Travel Group, Boudl Hotels & Resorts, Wyndham Hotel Group Saudi Arabia, and Europcar Saudi Arabia among many others.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

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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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The USA sports tourism market is projected to grow at a CAGR of 14.5% during 2022-2032. The USA sports tourism size is valued at US$ 43737 Million in 2022 and is projected to surpass US$ 169396.28 Million by 2032.

The rising number of athletic events is expected to benefit the tourism industry by bringing more tourists to sporting venues, which is expected to fuel demand for sports tourism in USA.

An increase in the number of game events is likely to attract more tourists to sporting venues, resulting in the growth of the USA sports tourism market share. The increasing number of events held in the country is expected to provide numerous opportunities for key players in the USA sports tourism market.

The adoption of sports tourism in USA is growing as the number of sporting events held in various states increases. New tournaments are being arranged at popular venues to attract more viewers, and new venues for current sporting events are being built to broaden the reach and popularity of sports. As a result, the USA sports tourism market share is expected to expand rapidly over the forecast period.

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The key players are witnessing some challenges in sports tourism market concerning the outdoors and nature around us is to offer safe journeys to these destination points, and safe lodgings for visitors after they arrive. Tourism and travel industry players are working their best to adjust their procedures to make traveling safer and utilizing innovations.

However, in light of this situation, players are now focusing on promoting and revitalizing their businesses through a variety of strategies, such as the development of online platforms and the provision of high-quality tourism services, as this allows them to reach a larger consumer base at a lower cost. Due to these factors, the adoption of sports tourism in USA is projected to rise over the forecast period.

Competitive Landscape

Leading players operating in the USA and overseas companies operating in the USA are focusing on expansion and new to expand their business across islands in the USA. They have literally entered into a price war to provide all services at lower prices.

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Recent Developments in the USA Sports Tourism Market

• In June 2022, Sporta group became a player sponsor for East Dean and Friston Cricket Club.
• In November 2021, Gloria Bohan of Omega World Travel received the lifetime achievement award. The award was presented for her extraordinary contribution to the organization.

USA Sports Tourism Market by Category

By Sports Type:

• Football/Soccer
• Cricket
• Motorsports
• Basketball
• Others

By Sports Tourism Type:

• Sports Event Tourism
• Nostalgia Sports Tourism
• Active Sports Tourism
• Passive Sports Tourism

By Consumer Orientation:

• Men
• Women
• Children

By Booking Channel:

• Phone Booking
• Online Booking
• In-Person Booking

By Tourist Type:

• Domestic
• International

By Tour Type:

• Independent Traveler
• Tour Group
• Package Traveler

By Age Group:

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 66-75 Years

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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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The fishing tourism market is poised to reach a valuation of US$ 78.5 Bn in 2022. Sales are projected to increase at a 12.5% CAGR, with the market size reaching US$ 254.9 Bn by 2032.

This is expected to help the market immensely across the globe. Different government and local authorities from across the world are providing skill training and investing in the promotion of these activities. Fishing tourism has also been gaining popularity among the people trying to create awareness regarding the pollution and destruction of marine life, where they try to promote sustainable fishing and angling activities.

The fishing tourism market is forecasted to grow at an impressive rate during the forecast period. The majority of the growth in the market will be attributed to the growing countries in the Asian region. The need for fishing towns to revamp their economies and for the locals to earn some additional incomes has made the authorities push in favor of fishing tourism and provide incentives and a regulatory framework for the same.

Although the market is expected to rise, there are a few restraints that might arrive during the forecast. The fall in the number of skilled individuals in the fishing industry has been a concern for a long now, finding knowledgeable and skillful crew members has become a major problem for operators.

This along with the increasing pressure from environmental authorities regarding the destruction of the coastlines and the problem of overfishing has led to a lot of complications in the market. These challenges can be maneuvered through the protocols like sustainable and safe fishing activities, providing training to individuals, and establishing rules and regulations to oversee the market.

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Key Takeaways from the Fishing Tourism Market Study:

• The fishing tourism market is prominent in countries like Italy, the USA, India, Hong Kong, and Japan.
• There is a rapidly rising demand for fishing tourism among the MEA countries.
• Sustainable fishing activities are also promoted through the fishing tourism market.
• The fishing tourism market is forecasted to grow at a CAGR of 12.5% over the forecast period.
• Currently, the Asia Pacific region holds the largest market share accounting for 37% of the total market share.
• Fishing in the sea is the most preferred amongst the tourists in the fishing tourism market.
• Online booking channels are popular among consumers.

“Marketing and promoting the fishing tourism market globally along with focusing on the changing consumer base demographics will be the key to market growth during the forecast period.” – FMI Analyst said.

Impact of COVID-19

The COVID-19 pandemic has affected almost every major market across the globe. This included the complete halt on the fishing tourism market, which suffered greatly due to the pandemic. The implication of the global lockdown was severe on the market; the lockdowns were placed to decrease social activities and confine the spread of the virus. This meant an absolute stoppage of tourism activities.

The market did revive post-pandemic with the key firms innovating their offerings and trying to recuperate from the losses that occurred during the pandemic. The industry is expected to see a surge of visitors due to the increase in the number of people wanting to go out and explore outdoor activities that they missed out on during the pandemic. This will help in creating opportunities for entry into the market and provide the much-needed revenue flow in the market.

Who is winning?

The secret to keeping a competitive edge in the market will be to offer consumers thorough packages and the whole experience of fishing and angling activities. Currently, businesses in the sector provide customers with an experienced crew, online reservations, and other optional services.

The key players in the fishing tourism market are Fish Travel, Tour My India Pvt., Viator, Inc., Worldsbestfishingtrips.com, Angler Adventures, iOutdoors, and Fisea.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global fishing tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the fishing tourism market based on Location Type (River, Lake, and Sea), By Activity Type (Observing and Participation), By Booking Channel (Online Travel Agents, Traditional Agents, and Direct Booking), By Tourist Type (Domestic and International), By Tour Type (Independent Traveler, Package Traveler, and Tour Group), By Consumer Orientation (Men and Women), By Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, and 66- 75 Years) & Region – Forecast to 2017 – 2032.

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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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Global Sleeping Bags Market Trends is anticipated to increase at a high CAGR of 6.3% 2022-2032, reaching a value of about US$ 3050 Mn by 2032 – Report by FMI. The demand for sleeping bags in the market is growing at a swift rate owing to the rise in outdoor activities such as hiking, hill walking, climbing, and camping.

The hike in demand for sleeping bags is directly proportional to the rise in adventure enthusiast. Adventure activities not only brings you closer to nature but also serves as an economical and affordable vacation thereby leading more and more people to indulge in such activities leading to a rise in demand for products such as sleeping bags in the market.

Sleeping bags have become an essential item while packing bags for going out for camping activities. The growth in e-commerce is making sleeping bags and its variants more accessible to the consumer and acts as a contributing factor in boosting the demand for sleeping bags in the market.

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The market for sleeping bags worldwide, which was valued at US$ 1,545 million in 2021, is anticipated to rise by 7.1 percent year over year in 2022 to reach US$ 1,655 million. A valuation of US$ 3,050 million is anticipated by 2032, with a CAGR of 6.3 percent predicted.

Rise in prevalence of outdoor activities coupled with increasing population of adventure enthusiasts is driving the Sleeping Bags Market:

Globally, the demand for sleeping bags is rising at a steady rate owing to an increase in the population of nature lovers as they are more inclined towards adventurous activities. The increasing rate of adoption of adventurous vacation spots of the millennial population owing to increasing awareness about the benefits of camping such as reduces stress and improved mental and emotional health has led to an increase in the demand for sleeping bags in the market.

The availability of different variants of sleeping bags which are suitable for different purposes and different demography makes it a customer friendly product. The manufacturers of sleeping bags are coming up with new and innovative products for serving various types of consumer demand by introducing products which are suitable for all types of climatic conditions, durable and at the same time are pocket-friendly leading to a hike in demand for sleeping bags in the market.

The emergence of social media as a key influencer on the interest of consumers also plays a major role in encouraging the growth of camping activities and eventually the growth in demand for sleeping bags in the market.

Sleeping Bags Market: Market participants:

The key market participants identified across the value chain of the Sleeping Bags market are Decathlon S.A, Recreational Equipment, Inc., Johnson Outdoors Inc., Western Mountaineering, V.F. Corporation, ENLIGHTENED EQUIPMENT, Oase Outdoors ApS, Feathered Friends, Katabatic Gear LLC, Jarden Corp., Patagonia International, Inc., Exxel Outdoors, LLC, and NEMO Equipment, Inc. are among others.

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Opportunities for Sleeping Bags Market Participants:

The global sleeping bags market is anticipated to grow at a steady rate owing to the rising trend of adventure activities coupled with the growing interest of the millennial population in outdoor activities. The market is driven by the multifunctional nature of the sleeping bags such as providing safety, temperature insulation, comfort, ease of use, convenience factor, and portability making sleeping bags a must-have equipment in a mountaineer’s bag.

The growing awareness about the availability and accessibility of the sleeping bags also supplement the growth of the sleeping bags in the market. Sensing a lucrative growth in the sleeping bags market various new market entrants are expected to enter this niche market.

The Sleeping Bags market on the basis of region has been segmented as:

• North America
• Latin America
• Europe
• CIS & Russia
• Japan
• APEJ
• The Middle East & Africa

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The regional analysis covers:

• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)

Sleeping Bags Market: Market Segmentation

On the basis of Demography, the Sleeping Bags market has been segmented as:

• Male
• Female
• Unisex

On the basis of Insulation Type, the Sleeping Bags market has been segmented as:

• Down
• Synthetic

On the basis of Size, the Sleeping Bags market has been segmented as:

• Kids
• Long
• Regular

On the basis of Shape, the Sleeping Bags market has been segmented as:

• Rectangular Shape
• Mummy Shape

On the basis of Sales Channel, the Sleeping Bags market has been segmented as:

• Multi Brand Stores
• Independent retailers
• Supermarket/Hypermarket
• Online Sales
• Company Website
• 3rd party Online Sales
• Specialty stores

About FMI
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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The reusable period panties market is projected to surpass a valuation of US$ 95.5 Mn in 2022, with sales growing at a 16.7% through 2032.

In order to address the need of menstrual hygiene among women and adolescent girls in rural areas, governments across various countries are taking initiatives and providing funds to promote the usage of menstrual products such as reusable period panties among women.

These initiatives are also launched to improve the availability and access to high quality menstrual products in rural areas, along with ensuring the safe disposal of products in an environmentally friendly way.

For instance, in 2018, UNICEF launched a campaign to promote positive menstrual hygiene in Pakistan and other countries in the Middle East and North Africa. Besides this, UNICEF is also promoting menstrual hygiene practices in Eastern and Southern Africa.

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Apart from this, other organizations such as World Vision International, UNFPA, etc. are actively undertaking several campaigns to promote menstrual hygiene and practices in underdeveloped regions.

Besides social organizations and agencies, commercial organizations are actively undertaking initiatives to spread awareness regarding menstrual hygiene practices. Saalt is one such brand that is extensively using social media to alleviate period poverty and taboos. Such developments are anticipated to augment the growth in the market over the forecast period.

Packaging heavily influences the brand identity, especially in the case of new products. The packaging solutions in the personal care industry have restructured into more safe, natural and practical formulas.

Since the entire idea of reusable period panties centres around sustainability, packaging carries paramount importance. Consequently, manufacturers are increasingly adopting discreet, innovative and sustainable packaging to comply with the consumer requirements, which is expected to drive sales of reusable period panties.

“Increasing preference for premium materials in reusable period panties to avoid infections is driving product innovations. In addition to this, growing focus on mentsural hygiene and personal care across various countries will augment the growth in the market over the forecast period,” says an FMI analyst.

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Key Takeaways:

• Based on style, sales in the hipster segment are slated to increase at a 17.7% CAGR through 2032.
• By size, the medium segment will account for 36.1% of the total market share in 2022.
• In terms of absorbency level, demand in the high/super absorbency level segment will surge at a 18.4% CAGR over the assessment period.
• By price range, the mass/economy segment will expand at a 17.5% CAGR through 2032.
• By sales channel, demand in the online retailers segment will grow at a 20.7% CAGR over the forecast period.
• The U.S. will continue dominating the North America reusable period panties market, with sales increasing at a 11.4% CAGR.
• Demand in the U.K. will increase at a 11% CAGR, accounting for a dominant share in the Europe reusable period panties market.
• India will emerge as a lucrative pocket in the South Asia reusable period panties market, with sales projected to grow at a 18.4% CAGR through 2032.

Who is winning?

Leading manufacturers of reusable period panties are investing in research and development and partnerships to launch products suitable for various demographics worldwide. Key players operating in the reusable period panties market are Dear Kate, Inc., WUKA, Essity AB, Flux Undies, Thinx Inc., Ruby Love, Elia Lingerie, Modibodi, Aisle, Saalt, The Period Company, Knix, Neione, Q&M, Anigan, Proof, Lovable, Blooming, Uniqlo, Aerie, and PINK (Victoria Secret) among others.

Global Reusable Period Panties Market by Category

By Style Type:

• Boy Short
• Bikini
• Brief
• Hipster
• Others

By Size:

• Small
• Medium
• Large

By Absorbency Level:

• Heavy/Super Absorbency
• Medium Absorbency
• Light Absorbency
• Super Light Absorbency

By Price Range:

• Mass/Economic
• Mid-Range
• Premium

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

About FMI:

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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