Market Research Blog

The blockchain Market is anticipated to grow at a CAGR of 34.1% from US$ 8.3 billion in 2022 to US$ 155 billion in 2032. According to a global blockchain market assessment, the rise in identity and data theft crimes will lead to a rise in demand for cryptographic ledger solutions. BFSI companies are utilising digital ledger technologies to safeguard end-user financial data and identity.

Cross-border transactions, processing and settlements, trade finance networks, digital identity verification, and credit reporting are among the technology applications gaining traction in the BFSI market. This is projected to help the blockchain market expand. The blockchain market growth will be hampered by a scarcity of skilled professionals.

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Threats and cyberattacks have escalated as industries have embraced digital change. Organizations, on the other hand, face a scarcity of competent experts to deal with risk issues.

As a result, technologically advanced solutions are being adopted slowly, which is expected to have an impact on blockchain market growth in the coming years. Furthermore, developing countries such as India, Peru, and Mexico, among others, face a lack of awareness regarding data security risks.

As a result, blockchain market adoption trends are expected to remain flat for a few years. The legalization of bitcoin stimulates further investment in blockchain technology by businesses and investors. It also pushes the blockchain market players to put in more effort to enhance their services in order to obtain a competitive advantage.

Key Takeaways 

• The BFSI industry is predicted to have a substantial market share due to the rising use of digital ledger solutions and services by financial institutions to streamline company processes and reduce operating expenses.
• In the blockchain industry, North America is expected to have the greatest market share. Early acceptance of blockchain and the presence of several producers offering privacy and blockchain solutions are projected to fuel the region’s market rise.
• The blockchain platform segment is expected to advance at a CAGR of 33.4% throughout the forecast period.
• The US blockchain market size is expected to reach a valuation of US$ 55.2 Bn by 2032.
• The payments segment is likely to command a higher share of the blockchain market. The technology improves the transparency, cost-effectiveness, and operational efficiency of payment systems.

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Competitive Landscape 

The blockchain market’s competitive landscape is highly fragmented by nature. Companies are concentrating on tactics to strengthen their market positions, such as mergers and acquisitions.

Blockchain market participants are also concentrating on improving their product offerings in order to better respond to changing user wants and remain competitive. As a result, market participants are increasing their R&D spending in order to improve their product offers. In addition, the companies are partnering with institutions all around the world to encourage technological development, academic research, and innovation in the field of cryptocurrency and blockchain technology.

IBM, Blockcypher, AWS, Huawei, Intel, Oracle, Accenture, Guardtime, Wipro, Bitfury, Symbiont, SAP, Cegeka, and BigchainDB are some of the most creative blockchain vendors.

Recent Developments: 

Amazon Web Services launched ethereum on its managed distributed ledger in March 2021. This approach aids developers in determining ethereum nodes without having to deal with the complexities of infrastructure operation and setup.

BIGG Digital Asset Inc. and Blockchain Foundry Inc. joined in June 2021. This collaboration is likely to let enterprises offer forensic and risk-scoring services to stablecoin and fractional NFT creators.

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Key Segments

By Component:

• Platform
• Service

By Provider:

• Application
• Middleware
• Infrastructure

By Organizational Size:

• Large Enterprise
• Small & Medium Sized Enterprise

By Type:

• Private
• Public
• Hybrid

By Application Area:

• Transportation and Logistics
• Agriculture and Food
• Manufacturing
• Energy & Utilities
• Healthcare and Life Science
• Media, Advertising and Entertainment
• Banking and Financial Services
• Insurance
• IT and Telecom
• Retail and E-Commerce
• Government
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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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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Demand in the global disposable masks market is slated to increase at a 7% CAGR over the forecast period, with the market valuation reaching US$ 4.9 Bn in 2022. Growing emphasis on the safety of healthcare personnel is expected to boost the market, pushing the market valuation to US$ 9.7 Bn in 2032.

On account of the rising cases of coronavirus and other infections across the globe, companies are significantly focusing on increasing their production capacity and expanding their product availability to minimize the risk of infection among the population.

Currently, consumers are increasingly purchasing personal protective equipment such as disposable face masks to protect against viruses and other infectious diseases. The disposable masks market witnesses accelerated demand following the global outbreak of Coronavirus, which originated in China in December 2019.

Moreover, there is an increasing demand for specialized masks known as N95 respirator masks among doctors, nurses, medical workers, and others who are treating patients identified with positive symptoms of coronavirus, as these masks protect against the virus. This is one of the primary factors increasing the demand for disposable marks across the globe.

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Key Takeaways from the Disposable Masks Market Study

• East Asia is expected to retain its dominance in the global disposable masks market, due to increasing government initiatives to increase product availability at hospitals and other healthcare centers along with the rise in consumer awareness to protect from infectious, and other chronic diseases in the region.
• Among product type, dust disposable marks segment is anticipated to show a relatively higher CAGR in the global disposable masks market in the near future, as it prevents from inhaling smoke, dust, mist, vapours and harmful gases.
• According to the report, prominent players and small scale manufacturers have significantly increased their production capacity to ensure the continuous supplies of disposable masks across the globe due to the rise in demand for such products.
• The companies and governments worldwide are considerably boosting product supply, easing export restrictions, and putting measures in places to reduce the infectious spread.

An increase in adoption for surgical disposable masks among the general population and a rise in the prevalence of infectious diseases among the elderly population are the factors anticipated to propel the demand for disposable masks in the foreseeable future.

The rise in demand for disposable marks during mining, construction, chemical, food processing, and other industrial applications, along with growing hospital-acquired infections cases caused by viral, bacterial, and other fungal pathogens are some factors expected to further drive demand for disposable marks across the globe. According to the Centers for Disease Control (CDC) statistics, in American hospitals, around 1.7 million infections and 99,000 deaths, every year are associated with hospital-acquired infections (HAIs).

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Who is winning?

Some of the key players operating in the disposable masks market are Kimberly-Clark Corporation, 3M Company, Besco Medical Limited, Honeywell International Inc., Valmy SAS, Ansell, Moldex Corporation, Uvex Group, Kowa Company. Ltd., SAS Safety Corporation, Kwalitex Healthcare Pvt Ltd., Eagle Health Holdings Limited, Medicom Group, and others.

Several prominent market players are significantly introducing new products in the market to expand their product portfolio, market footprint, and enter into the new business segment. Besides this, companies are significantly expanding their production capacity to meet growing demand in hospitals, long term healthcare centers, mining, food industry, and other applications. Companies are also significantly investing in inorganic growth through mergers and acquisitions allows them to gain a competitive advantage.

• In March 2020, Eagle Health Holdings Limited has expanded its production capacity of disposable medical masks at a pharmaceutical facility in China. The company has expected to produce around 300 million units annually.
• In January 2020, The 3M Company has increased its production capacity of N95 respirator masks at its facilities worldwide due to coronavirus outbreaks. The company has expanded its assembly line with robots and employees at manufacturing facilities are working overtime to meet global demand.

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About Future Market Insights (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 global air mattress market size is expected to reach ~US$ 330 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~9.0% in 2029.

According to the report, reduction of indoor spaces in urban areas is one of the major drivers for the growth of air mattress and beds market. High durability, odor free nature, and ability to inflate in full size within minutes is expected to boost the air mattress sales across the globe.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the air mattress market. Some of these are:

• The estimated value of the market was at ~US$ 138 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Regionally, North America dominates the air mattress market globally.
• East Asia emerges as one of key markets owing to growing working population, increasing disposable income especially in China and Japan.
• Twin air mattress comes out as the most preferred type of air mattress among consumers owing to large bed space and easy availability on hypermarkets/ supermarkets.
• Key players are likely to focus on new product innovation and adding new features to the product such as using of nontoxic material, to stay relevant in developed markets.

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Commercial Sector Fuels Demand for Air Mattress

Air mattress helps in pressure relief and better blood circulation to the person sleeping on it, hence a growing trend of air mattress consumption has been observed globally, especially in commercial sector.

Consumer’s inclination towards extra bedding have propelled the air mattress market in commercial sector. Mass consumer’s preference for extra space bedding in hotels have accelerated the usage of full and twin air mattresses across the globe. Furthermore, commercial institutes including hotels, hospitals, and holiday homes keep air mattress on stock to accommodate extra guests.

Who is Winning?

Some of the leading players operating in the Air Mattress market are DeVilbiss Sidhil Ltd.; ALPS Mountaineering; SizeWise; LazerLazery; Sleepy Sleep; Restoration Goods; Bestway; Somnio LLC; American National Manufacturing, Inc.; Intex Development Co. Ltd.; and WENZEL Group, Coleman Company, Inc., Sound Asleep Products, Fox Air Beds, King Koil etc. As a result of increasing competition, companies are focusing on expanding their product portfolio with innovative offerings. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.

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• Growing health concern related to the toxic elements used in air matters, have pushed the consumers towards nontoxic beds which in result also pushed the manufacturers to come up with new innovative nontoxic air mattress options such as lightweight PVC free air bed. Alps Mountaineering has introduced its velocity bed made of nontoxic elements.
• In 2019, Coleman Queen had launched queen-size air mattress which provide built-in electric pump along with the air mattress.

Get Valuable Insights into Air Mattress Market

Future Market Insights, in its new report, presents an unbiased analysis of the global air mattress market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the air mattress market based on product type (medicated, non-medicated), size ( full, twin, king, queen, other), application (residential, commercial), price range (high/premium, mid-range/economy), pump type ( electric, battery-operated, other), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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About Future Market Insights (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 global adult diapers market size is expected to reach ~US$ 34.10 Bn by the end of 2032. Expand at over 6.9% CAGR, surpassing US$ 17.20 Bn in 2022. Growth in the market is expected to surge with rising prevalence of incontinence across the globe.

According to the report, the geriatric population is growing at a significant rate across the globe coupled with rise in prevalence of incontinence in general population boost demand for adult diapers across the globe.

The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

It includes in-depth insights into the adult diapers market. Some of these are:

• The estimated value of the adult diapers market was at ~US$ 16.89 Bn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Regionally, North America dominates the adult diapers market globally owing to high consumer awareness and adoption of personal hygiene products among adults in the region.
• East Asia emerges as one of key markets owing to rising affluence of working women and increasing demand of personal hygiene products for women at school, work places, and public settings in the region
• Growth of e-retailer’s sales channel is expected to boost the sales of adult diapers over the forecast period.
• Prominent players are expected to introduce an eco-friendly adult diapers with innovative designs, features, and materials to have a competitive edge in the market.

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Rise in Demand for Reusable or Cloth Diapers to Manage Incontinence Problem

Based on the product type, the reusable adult diapers segment creates a significant growth in the global adult diapers market.

Consumers in the market are considerably demanding for environmental-friendly diapers to reduce landfills coupled with various advantages associated with reusable diapers such as reduces diaper rash symptoms, comfortable, and use of less harmful chemicals are some of the factors expected to exhibit a significant growth in the global adult diapers market during the forecast period.

Furthermore, affordability of reusable adult diapers as compared to disposable diapers propel the global adult diapers market for further growth. Increasing use of cloth diapers among aging population who are suffering from incontinence and related problems is another factor influencing the growth of the global adult diapers market in the near future.

Who is Winning?

Some of the leading players operating in the adult diapers market are The Procter & Gamble Company, Ontex Group, Daio Paper Corporation, Unicharm Corporation, Kimberly-Clark Corporation, Medline Industries Inc., Hengan International Group Co. Limited, First Quality Enterprises, Inc., Nippon Paper Industries Co., Ltd., Essity AB, Covidien Company, DSG International Ltd., Kao Corporation, Svenska Cellulosa AB, Enka Hijyen, NorthShore Care Supply, and others. These manufacturers are developing novel products with natural material to meet growing consumer requirements as well as expand their product portfolio. Moreover, strategic partnership with local distributor, mergers and acquisition, and enter into digital platform remains a popular strategy among the market players. Companies intend to expand their regional footprint through strategic collaborations.

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• In 2022, NorthShore Care Supply introduced a new direct-to-customer website ‘NorthShore.com’ enable customers to shop for incontinence products such as adult diapers through online sales channel. The website is featured with intuitive product recommendations based on consumer’s preferences.
• In 2021, Enka Hijyen- Turkey based baby diaper manufacturer, now entered into adult diaper business segment by introduced a novel adult diapers under Paddlers brand. This Paddlers adult diaper will people suffering from moderate to severe incontinence problem.

Get Valuable Insights into Adult Diapers Market

Future Market Insights, in its new report, presents an unbiased analysis of the global adult diapers market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the adult diapers market based on product type (reusable and disposable), style (pants/pull-up style, pad style, flat style, and others), material type (cotton, mono-woven fabric, micro fabric, fluff pulp, and others), size (small, medium, large, extra-large, 2XL), end-user (male, female, and unisex), price range (economy, mid-range, and premium), sales channel (wholesalers/ distributors, supermarkets/hypermarkets, pharmacies & drug stores, specialty stores, independent small stores, e-retailers, and other sales channel), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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About Future Market Insights (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 global period panties market is estimated to grow at 15.8% CAGR between 2020 and 2030.  By the end of 2021, the market’s valuation is expected to reach US$ 180 Mn. The rise in awareness about feminine hygiene coupled with the increase in demand for eco-friendly period panties is projected to present lucrative opportunities for expansion of the market.

The COVID-19 pandemic has affected the sales of the market severely, especially earlier this year. However, the market seems to be recovering steadily owing to the rise in requirement for the safer and more hygienic ways of menstrual management practices. FMI in the study reports growth at decelerated pace in 2020. However, 2021 onwards the market is expected to regain momentum.

An increasing number of women getting conscious about the prevalence of the diseases associated with unhygienic menstrual management practices and they are opting safer ways to maintain the proper menstrual hygiene.

According to the National Centre for Biotechnology Information (NCBI), women who use reusable absorbent pads are more likely to be diagnosed with at least one urogenital infection than women using disposable pads. Disposable period panties being meant for maintenance of proper hygiene and providing comfort are experiencing surge in demand.

FMI offers an in-depth analysis of the market trends, potential, growth, and restraints.

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Some of the key takeaways from the report are highlighted below-

• Brief-styled period panties are increasingly preferred style
• Disposable period panties will emerge as highly sought after product in the coming years
• Sales of medium-sized period panties will remain considerably high
• Maximum sales of period panties are expected to happen via offline sales channels, however, growth exhibited by online channels is expected to happen at a higher rate
• North America is expected to remain the dominant market for period panties yet East Asia and South Asia are expected to report growth at higher rate

“The demand for hygienic menstrual management has increased the requirement of period panties substantially over the past decade. The rise in concern about maintaining proper female hygiene is forecast to boost the growth of the market further in the coming years. With an increasing number of consumers willing to spend for better comfort, period panties sales are expected to pick up,” says an FMI analyst.

COVID-19 Impact Analysis

The global period panties market has suffered major set-back due to the outbreak of novel coronavirus, during the first half of this year. The sudden lock down followed by the decrease in demand due to the shifted focus towards emergency requirements has slowed down the growth of the market.

While the market is overcoming the restraints such as financial crisis, unavailability of enough raw materials, and others, the demand for period panties is rising again to let the market expand further. According to FMI, the market is likely to get back to its feet by the end of the next year paving new paths to excel for the key market players.

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Who is Winning?

The global period panties market has a highly competitive environment. In order to sail through the cut-throat competition, the key market players are focusing on launching of better quality products.

For instance,

• Knixwear launched its new range of absorbent, machine-washable, and comfortable leakproof period panties such as Leakproof Boyshort, Leakprooof High Rise, Leakproof Bikini, and others in 2020
• Modibodi launched its new extensive range of period panties such as Seamfree Full Brief Heavy-Overnight Absorbency, High-Waist Bikini Heavy-Overnight Absorbency, and others in 2020. They are focusing on brining quality products for all body types of women to target wider range of consumers

More Valuable Insights on Period Panties Market

In the latest report by Future Market Insights, we offer an unbiased analysis of the global period panties market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (reusable, disposable), style (boy short, bikini, brief, hipsters, others), sales channel (online (e-commerce owned portal, company owned portal), offline (exclusive stores, multi-brand stores)), across six major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, MEA).

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About Future Market Insights (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.

Contact Us:                    

Future Market Insights,
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The market for women’s luxury footwear  is currently worth close to US$ 30 Bn in 2022, and is projected to close in on a valuation of US$ 39 Bn by 2029, rising at a steady CAGR of 5% from 2022 to 2029.

In 2022, worldwide sales of women’s luxury footwear are mostly contributed by sandals and flats casual as compared to other categories (boots, heels & pumps, and casual, sneakers & sports shoes) in the market.

Globally, there were 22.4 million HNWIs, and in 2021, their combined wealth totaled US$ 61,275 billion. With over 5.6 million HNWIs, Europe had the highest pace of HNWI population increase. As a result, people have large purchasing power. Additionally, the rise in the number of working women and the inclusion of women in the labour force in nations like Japan, the UK, and France contribute.

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Key Takeaways – Women’s Luxury Footwear Market

• Europe is expected to remain prominent in the global women’s luxury footwear market, owing to high concentration of luxury footwear manufacturers such as JIMMY CHOO PLC, Hermes, Christian Dior, Gucci, Chanel, etc.

• The sandals & flats segment is considered as key attributor to the global women’s luxury footwear market, which can be attributed to their availability in wide variety of designs.
• High exposure of consumers in websites such as Amazon, Walmart, etc., with 10% online penetration rate, support online retail in becoming the most lucrative sales channel.

Increasing number of high-net-worth individuals (HNI) led to a surge in demand for custom footwear. Advancements in technology such as 3D printing and advanced sensors would also push manufacturers to introduce innovative shoe designs.

Top Trends in Women’s Luxury Footwear Market

The women’s footwear market contributes high market revenue share as compared to men’s. Changing lifestyle, growing fashion concern, and celebrity endorsement have a significant impact on the global footwear market.

The recent market trends in luxury footwear are – sustainable footwear, smart shoes, and athleisure trends. Different types of prints with huge popularity in the past include animal print boots, florals print, minimalist style heels, feather heels, bright chunky sneakers, big toe sandals, etc.

Competitive Landscape Analysis

The report highlights some prominent players in the global women’s luxury footwear market, which include Kering, Burberry, Caleres, Jimmy Choo PLC, and others.

Market players primarily focuses on product design and innovation. Maison Baum, a Germany-based luxury footwear manufacturer, launched a pain free high heel in Q1 2019. The company uses its patented footbed technology and an insole with anatomical elevations to shift wearers’ weight from the ball of the foot.

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Key Segments of Women’s Luxury Footwear Industry Survey

Women’s Luxury Footwear Market by Product:

• Women’s Luxury Boots
• Women’s Luxury Heels & Pumps
• Women’s Luxury Sandals & Flats
• Women’s Luxury Casuals, Sneakers & Sports Shoes

Women’s Luxury Footwear Market by Material:

• Rubber Footwear
• Leather Footwear
• Polyester Footwear
• Velvet Footwear
• Canvas Footwear
• Textile Footwear
• Others

Women’s Luxury Footwear Market by Price Range:

• US$ 300-499
• US$ 500-699
• US$ 700-999
• US$ 1,000-1,299
• US$ 1,300-1,599
• US$ 1,600 & Above

Women’s Luxury Footwear Market by Sales Channel:

• Offline Sales of Women’s Luxury Footwear
  • Department Stores
  • Specialty Stores
  • Monobrand Stores
  • Off-price Stores
  • Others
• Online Sales of Women’s Luxury Footwear

Women’s Luxury Footwear Market by Region

• North America Women’s Luxury Footwear Market
• Latin America Women’s Luxury Footwear Market
• Europe Women’s Luxury Footwear Market
• East Asia Women’s Luxury Footwear Market
• South Asia & Pacific Women’s Luxury Footwear Market
• Middle East & Africa (MEA) Women’s Luxury Footwear Market

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The Dark tourism, also called as grief tourism or black tourism is a type of tourism that involves travelling to places that are historically associated with tragedy and death. There are different categories of dark tourism – grave tourism, holocaust tourism, genocide tourism, cold war and iron curtain tourism, communism tourism, disaster area tourism, paranormal tourism, battlefield tourism and nuclear tourism.

There are many tourist spots that are indirectly or directly connected with death, like battlefields, museums and prison camps. Dark tourism is related to heritage and culture tourism and therefore history plays a vital role here. This facilitates the transfer of information regarding the past including unsung heroes and their struggles.

History does tell us about the past, but the question is how many people actually go on reading history books to get acquainted about the past Travels to the actual sites that have experienced a great deal of struggles and tragedies arouse interest in people.

And those people who hate reading history books get curious about the past because they actually visit and confirm with their own eyes – seeing is believing! Many case studies were carried out in this sector for example the study of Robben Island (South Africa), District Six (Cape Town) and The Apartheid Museum in Johannesburg.

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Dark Tourism: Aspects Driving Sector Growth

There are many tourist attractions such as beautiful landscapes with scenic beauties, wild life areas, etc. However, dark tourism focusses on sites that have associations with the past, be it a death site or a land where war has occurred or some heart-stopping tragedies have taken place.

The popularity of dark tourism is dependent on the number of tourists opting for vising dark sites. Motivating factors for tourists can be clubbed into biological and socio cultural forces that stimulate the behaviour of people. The desire to explore the unknown and unusual or paranormal can be considered as the pushing factors for dark tourism. Some of the general drivers are –

• Sites such as graveyards could be fascinating and prospective areas for possible retrospective and spiritual purposes
• Thrill and risk seeking lures tourists who like adventure, excitement and curiosity
• Need to get acquainted with the knowledge of a place that has experienced a tragedy like mass murder; again curiosity places a key role here
• Self-discovery and learning about such sites to boast about them later in social groups
• Urge to visit sites that have immortal memories linked with people or even stories about haunted mansions etc.
• Other religious reasons

Main factor that drives this sector is a fascination for the term “death” – even though it is negative and harsh, many people are curious to understand the term, as the concept of death itself is inevitable in nature and cannot be conquered.

Dark tourism can also be linked to heritage tourism, and hence the sites could have significant historical influence too, rather than being a mere site where a tragic event has taken place. Empathy could be one more aspect that relies on the visitor’s ability to know the heroic stories that might have taken place at a particular location. Emotional facet is an additional arm of motivation, as emotions create a sense of gratitude, insecurity, superiority or humility.

All these factors are intertwined with one another. The field is still being researched upon to understand the “why” aspect, which is literally driving people to visit places with dark attractions and activities.

The above mentioned aspects are just one angle that totally resides or depends upon the psychology of the individual that govern human traits and give rise to reasons such as “Ethical Must”, “Educational Motives”, “Roots Tourism” and “Empathy and Curiosity” which motivate the individual to visit dark sites, driving the upsurge of the dark tourism sector.

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Dark Tourism: Factors Hampering Sector Growth

Along the push factors, there are also the pull factors associated with the dark tourism sector. A tourist attraction may be educational or exploitative; this depends upon the visitors visiting the place. “Misinformation” about a place, hiding or omitting the challenges that were actually faced is a growth restraining factor for the dark tourism sector.

Then there are sites involving voyeurism, which questions the ethics of this sector. Other sector growth killers include high costs charged to tourists, insufficient facilities offered to tourists, negative marketing and publicity of dark tourism sites, negative perception of dark tourism and lack of skilled personnel to maintain the sites.

Dark Tourism: Worldwide Locations

Dark tourism is scattered worldwide. There are different dark tourism sites across the world, few of which are mentioned below:

• Concentration and Extermination Camp in Auschwitz (Poland)
• Ground Zero – The National September 11 Memorial (USA)
• Dow Hill in Kurseong (India)
• Hiroshima Peace Memorial Park (Japan)
• The Dracula’s Castle – Bran Castle (Transylvania)
• Alcatraz Federal Penitentiary (San Francisco, USA)
• Island of the Dolls (Mexico)
• Jack The Ripper (London)
• Bhangarh Fort (India)
• Kuldhara (India)
• Jallianwala Baug (India)

All these sites play a vital role in the concerned regional economy and in maintaining the image of that particular region. Generally, the destinations that are shortlisted as sites for dark tourism include museums, slums, historical ruins, cemeteries, war scenarios and areas where tragic incidents have occurred.

Dark tourism brings to life the past, the tragic incidents that occurred and the historical image they reflect due to which a region becomes popular. The dark tourism sector is influenced by these destinations as they tend to attract a lot of people, spreading the concept of dark tourism.

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.

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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However, research also unmistakably shows a consistent increase in the rate of gemstone purchases for expensive arts.

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Diamond is currently the most popular type of gemstone, accounting for over 80% of all gemstone sales in terms of revenue, and is expected to continue to be so for some time to come. According to the market prediction for gemstones for the upcoming few years, the research emphasizes a potential increase in the demand for rubies.

Currently, synthetic gemstones make up more than 85% of all gemstone sales. The study predicts that synthetic gemstones’ adaptable physical properties and relatively inexpensive price point will Maintain their position as the preferable alternative to gemstones found in nature.

The high-end gemstones market will continue to cultivate a premium consumer base, notwithstanding the recent sales success of low-end gemstones. Asian consumers in emerging markets will particularly favor fine jewels that are hard to accumulate and have distinctive designs.

While this trend has its roots in the rising per-capita expenditure on lifestyle goods, a sizeable consumer population also says that they will stick to their budgetary restrictions when choosing the kind of gemstone.

Developed Regions Spearhead Global Gemstones Space, Asian Markets to Emerge Lucrative

With more than one-third of the value of the worldwide gemstone market, North America will continue to be the top destination for investment for gemstone producers, creators, and marketers. Furthermore, the survey finds that Europe has a sizably high-value share in the gemstones market, largely because there is such a high demand for jewelry made of diamonds and precious stones.

Additionally, Asia Pacific is mentioned as a crucial regional market for both diamonds and colorful gemstones. The Asia Pacific is the source of some of the highest quality, finest gemstone discoveries. According to FMI’s data, China dominates the APAC gemstones market, followed by India and Japan.

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Competition Analysis: Gemstones Market Players

Given that colored gemstones have been classified as a small cottage industry, the supply of gemstones like ruby, sapphire, emerald, and others is likely to stay fragmented. There are many players, and the product selection is extensive. On the other hand, a small number of powerful players who possess concentrated mine pockets control the diamond market.

The majority of top businesses involved in the development of the mining, production, and processing capacity for gemstones are planning to do so. The mining, production, and processing of diamonds is a key component of the development strategies of several market participants in the gemstone industry.

A number of the well-known businesses operating in the global gemstones market have been profiled in the report, including Gem Diamonds Limited, Rockwell Diamonds Inc., Debswana Diamond Company (Pty) Limited, Swarovski Group, Petra Diamonds Limited, Botswana Diamonds P.L.C., Stornoway Diamond Corporation, Arctic Star Exploration Corp., KGK Group, and others.

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About Future Market Insights (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 sustainable tourism market is expected to grow at a  33.3% in 2022. As per the FMI analysis, the sustainable tourism market size will surpass US$ 1.0 Tn in 2022.

Between 2022 and 2032, the market is expected to exhibit compound annual growth rate (CAGR) of 23.4%. The share of global sustainable tourism market in the parent market (travel and tourism industry) is estimated to be at 2%-5%.

Sustainable tourism is the type of tourism that establishes an appropriate stability among the environmental, economic and socio-cultural features of the travel industry; it plays a vital role in preserving biodiversity. The primary objective of sustainable tourism is to reduce the negative impact of tourism on surroundings and local culture so that it will be offered for future generations, while funding to generate income, occupation, and the preservation of local ecologies.

Sustainability in tourism is an ethical practice in tourism similar to responsible tourism and ecotourism. Sustainable tourism has been in practice since 1992. Sustainable tourism is all about efficient technology, cleaner production, environmental protection and communal engagement. Sustainability is well-known amongst travel lodging amenities mainly trailed by tour agents as well as new destinations.

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Sustainable Tourism: Drivers and Opportunity Areas

Largely, a sense of accountability towards the environment with an addition to the socioeconomic wellbeing of local societies amongst tourism operators is fuelling the demand for sustainable tourism all over the globe.

The other drivers that trigger the need and requirement of the sustainable tourism segment include growing awareness towards securing the natural and traditional habitat of the destination concerned as well as a shift in the mindset of many travellers from traditional travelling concerns such as price, brand, quality, and convenience towards social, cultural and environmental issues that are significant to the places they holiday.

Sustainable tourism is still an emerging concept and many regions are not aware of this type of tourism; hence enormous opportunities including covering many untapped areas and the fusion of sustainable tourism with ethno-tourism and eco-tourism are coming up as possible opportunity areas for sustainable tourism in the global tourism industry.

Sustainable Tourism: Trends

The millennial and baby boomer generation of travellers is more inclined towards sustainable tourism and their preferred destination seems to be South Africa. Holidaying in places with an abundance of natural habitat and ensuring eco-friendliness is becoming an emerging trend among the tourists during their sustainable travel; travellers enjoy the ecstasy of the natural habitat of a place without causing any discomfort to the local plant, animal and bird species or human localities.

Nowadays there is a trend of undertaking a fusion vacation of sustainable tourism with eco-tourism. Another noticeable trend encountered is the transformation of sustainable tourism from a holiday trip to social work. Among the young generation of tourists, sustainable tourism is a growing trend where they are ready to pay more for sustainable brands that display commitment or dedication to environmental and social values.

The trend among tourism operators to practice sustainable tourism is growing as travellers are demanding more creative and responsible holidays. In fact tourists prefer buying services and products from the vendors who are dedicated and practice programs on giving or paying back to society.

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Sustainable Tourism: Restraints

However, there are certain factors that are hindering the growth of the sustainable tourism segment such as a limited audience or travellers as this concept of tourism is not very comfortable and luxurious to most travellers. Another restraint is less awareness among global tourists about sustainable tourism, as some travellers prefer highly comfortable and luxurious vacations and look for such options only.

Many tourists do not find this concept relevant, and changing their mind-set in favour of sustainable tourism is another challenge for the sustainable tourism segment.

Sustainable Tourism Market: Options

There are numerous destinations where sustainable tourism is practiced and most of them are at the destinations of natural habitat. Sustainable tourism is largely practiced in the regions of Africa, India, and Brazil among others.

Major destinations where sustainable tourism is advocated and practiced include National Park, Marine Park, National Reserve, Marine Reserve, Wildlife Sanctuary, State Forest, Local Authority Forest, Sacred Forest, Wildlife Conservancy, Game Ranch, Beach, and World Heritage Site 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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Market by Category

By Type (% of Demand), Sustainable Tourism Market is segmented as:

• Ecological Tourism
• Eco Tourism/ Green Tourism
• Soft Tourism
• Community Tourism

By Booking Channel (% of Demand), Sustainable Tourism Market is segmented as:

• Phone Booking
• Online Booking
• In Person Booking

By Consumer Orientation (% of Demand), Sustainable Tourism Market is segmented as:

• Men
• Women

By Tourism Type (% of Demand), Sustainable Tourism Market is segmented as:

• Domestic
• International

By Tourist Type (% of Demand), Sustainable Tourism Market is segmented as:

• Independent Traveler
• Tour Group
• Package Traveler

By Age Group (% of Demand), Sustainable Tourism Market is segmented as:

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

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.

Contact:

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Jumeirah Bay 2
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The snow boots market is expected at US$ 1.69 Bn in 2022 and is projected to reach US$ 2.02 Bn by 2027. The market grew at a CAGR of 3.1% from 2013 to 2021. Share of snow boots market in its parent market (footwear market) is close to ~1.0%.

On the market, there are a lot of well-established companies. The number of huge enterprises has expanded as the market has grown. The vast majority of these big companies operate in the organised sector.

These businesses have established themselves in regional and target markets, and they are now trying to expand their operations across bigger landscapes. On the other hand, there is an increase in the number of unorganised businesses in the market, which are mostly small and medium-sized businesses. As a result of this emergence, there is more competition between the organised and unorganised sectors. Furthermore, formal sales channels are scarce in a number of emerging countries.

The unorganised sales channel in developing countries is popular due to the competitive price in the snow boot market. Such elements are driving the majority of price-conscious buyers to purchase products like snow boots, resulting in a boom in snow boot sales throughout various locations.

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Key Takeaways from the Snow Boots Market Study

• In terms of sales channel, specialty stores held the largest share in 2021. This is due to the limitation of alternatives for snow boots and with it focused selling strategies in specialty stores that is leading to growth in volume of sales of snow boots.
• The use of neoprene rubber as a raw material has been adopted by the manufacturers of snow boots since the past few years. The customers are also preferring for neoprene snow boots due to its better quality and durability.
• Outdoor snow boots held the largest revenue share in 2021, and is expected to maintain its lead over the coming years owing to greater application of these snow boots in outdoor activities over the sport snow boots.
• North America and Europe led the market in 2021. High concentration of manufacturers on top of snowy climatic conditions in U.S., U.K., France, Russia, and Germany is projected to remain a favourable factor in the coming years.

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Who is Winning?

Leading manufacturers of snow boots are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of snow boots globally.

Major players present in the snow boots market are Adidas AG, Asics Corporation, Bata Limited, Columbia Sportswear Company, Crocs, Inc., DC Shoes Company, Deckers Outdoor Corporation, Deichmann SE, Honeywell International Inc., Jack Wolfskin GmbH & Co., Kamik Company, Michael Kors Holdings Ltd., New Balance Athletics, Inc., Nike, Inc., Polartec, LLC, Puma SE, Skechers U.S.A., Inc., The Aldo Group, Inc., VF Corporation, Wolverine World Wide, Inc., Baffin, Santana Canada, Hackberry Inc., The Timberla Company, and W-D Apparel Company, LLC., among others.

Impact of COVID-19 on the Market

The outbreak of the Covid-19 pandemic has affected the expansion of the snow boot market, as it has other industries. Governments enforced tight transportation and travel restrictions as a result of the outbreak.

As a result, raw resources for the manufacture of snow boots and other related products were scarce. Furthermore, the pandemic’s closing of numerous production factories culminated in the market’s entire collapse throughout the crisis.

Snow Boots Market by Category By Product Type:

• Outdoor Snow Boot
• Sports Snow Boot

By Consumer Orientation:

• Male Snow Boot
• Female Snow Boot
• Kids Snow Boot

By Material Type:

• Synthetic
• Rubber
• Leather
• Shearling
• Other Material Type

By End Use:

• Residential
• Commercial

By Price:

• Economic
• Premium (Designer/Limited Edition/ Exclusive Collection)

By Sales Channel:

• Sport Stores
• Specialty Stores
• Multi-Brand Stores
• Independent Small Retailers
• Online Retailers
• Other Sales Channels

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

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About Future Market Insights (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 5-years.

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