Market Research Blog

The deodorants without aluminium market is projected to grow at a CAGR of roughly 9.1% from 2022 to 2029, reaching over US$ 1.5 billion in 2022. The market for personal care products has great development potential because of the rising demand for natural goods.

Deodorants created without aluminium are scent products designed for consumers who want natural products. Natural and organic goods, such as deodorants without aluminium, are highly sought after in industrialised countries as a result of customers’ evolving tastes.

Concerns concerning their health and hygiene are raised by customers. In comparison to synthetic deodorants, deodorants without aluminium have a number of advantages, including the use of natural ingredients that don’t irritate the skin.

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Aluminum-Free Deodorant Market Witnessing Innovative Product Launches

The existence of modern-age technology is resulting in the introduction of innovative solutions, especially in the skin care segment, which is encouraging a large number of people who are interested in trying out new products to adopt aluminium-free deodorants, sprays, and roll-ons.

Moreover, the presence of a large number of players has resulted intense competition in the aluminium-free deodorant market. Hence, market players are introducing new and innovative products, such as aluminium-free deodorant creams, gels, and wipes, to stay ahead in the competition.

Globally, the aluminium-free deodorant market is gaining traction due to factors such as an increase in the number of working women across the globe, which has resulted in an increase in spending on personal grooming with products that contain natural ingredients such as deodorants, creams, moisturisers, and anti-hair fall products.

Additionally, an additional reason boosting sales of premium quality personal care products that contain natural ingredients is the growing purchasing power of women aged 25 and older.

However, there are several drawbacks to using deodorants without aluminium that are likely to impede the market’s expansion. For instance, synthetic deodorants containing aluminium stay on the skin longer than deodorants without aluminium do, and they also block sweat, which is useful for athletes and customers participating in sports and fitness activities.

In addition, aluminium-free deodorants are priced higher than regular deodorants as they are natural and organic. These factors have changed the perception of consumers regarding the usage of aluminium-free deodorants, thus restraining the growth of the aluminium-free deodorant market across the world.

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On the other hand, rising disposable income, increase in self-indulgence, adoption of a western lifestyle, globalisation, the changing retail landscape, and rapid innovations in product development as well as distribution channels are among the major factors boosting the aluminium free deodorant market.

The aluminium-free deodorant market is primarily segmented based on product type, packaging type, end user, and sales channel. The aluminium-free deodorant market in the South Asia region is expected to grow at higher pace during the forecast period. Based on end user, the market is segmented into men, women, and unisex.

The men category in the aluminium-free deodorant market is prominent, and holds a major share of the aluminium-free deodorant market. Based on the sales channel, the aluminium-free deodorant market is categorised as dedicated stores, dedicated e-commerce, speciality retailers, multi-brand stores and online retailers.

Key Players in the Aluminium-Free Deodorant Market

A brief analysis of the profiles of companies operating in the aluminium-free deodorant market are also provided in this report to evaluate their key products offerings, strategies, and recent developments. Some of the key participants profiled in the global aluminium-free deodorant market report include Unilever PLC, Beiersdorf Inc., Weleda Company, Avon International, Colgate-Palmolive, Henkel, Proctor and Gamble, L’Oréal, Shiseido, Estee Lauder, and Adidas, among others.

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Market by Category

By Product Type :

• Roll-On
• Powder
• Wipes
• Spray
• Cream
• Gel

By End User :

• Men
• Women
• Unisex

By Packaging Type :

• Plastic Spray Bottles
• Pump Bottles
• Metal Spray Bottles
• Roll on sticks

By Sales Channel :

• Dedicated Stores
• Dedicated E-commerce
• Specialty Retailers
• Multi-brand Stores
• Online Retailers

By Region :

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

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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 lip powder market is anticipated to reach US$ 592.1 Mn by 2027, from an estimated US$ 439.7 Mn in 2022, at a CAGR of 6.1%. Lip powder’s parent market, the cosmetics market, accounts for between 0.5% to 2% of the whole market.

The worldwide Lip Powder Market revenue is anticipated to see an excellent growth trajectory over the following eight years, almost amounting to US$ 350 Mn in 2022. In a market study titled “Lip Powder Market: Global Industry Analysis and Opportunity Assessment 2022-2027,” Future Market Insights projects that sales of lip powder products will grow at a strong CAGR of just under 6% over the course of the forecast period (2022-2027). The lip powder market’s largest revenue share will continue to belong to APEJ (Asia Pacific excluding Japan).

Potential Superiority over Lipsticks & Other Conventional Lip Products Accounts for Billowing Sales of Lip Powder

The lip powder market is yet to reach its peak of growth and currently reflects a high growth potential in the beauty and personal care products industry, as indicated in FMI’s study. Lip powder is considered the latest trend or evolution in lipsticks that offers several advantages over conventional lipsticks, which is among the key factors driving popularity of lip powder.

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Globally, the lip powder market is gaining traction due to the advantages of lip powder over conventional lipsticks. Lip powders are infused with hydrating oils and Vitamin E, which provide a smooth and long-lasting finish. One of the unique features of lip powder is the combination of matte and shimmer, which is hard to achieve with conventional lip products.

Unlike conventionally used lipsticks, lip powder gets absorbed into the lips and provide them with a smooth texture with long-lasting color and vibrant look. Introduction of innovative beauty products continues to encourage a large number of people to experiment with choices of products as well as brands, and lip powder marks one of the recent hottest trends in the beauty and cosmetic industry.

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Product Innovations – Key to Success in Lip Powder Market

Currently, lip powders are available in the market in two forms – viz. palettes and pen. Both these forms are different by nature and by methods of application. Lip powder palettes that currently account for more than 55% of total sales will remain the strongest selling product category, according to FMI. The report attributes dominance of lip powder palettes over lip powder pens to higher convenience associated with the former.

Rapid product innovations and the ever-evolving retail landscape are likely to be the key factors associated with strengthening of distribution channels, for leading players active in lip powder market.

However, lip powders have certain limitations, which are likely to restrain the growth of the market. These limitations include the perception or fear of exposing any flaws in the lip texture. Several consumers also doubt applicability of lip powder on a daily basis and find it gaudy over routine lipsticks. In addition, lip powder is yet to completely enter the comfort zone of a majority of women’s cosmetic regime, which will remain a challenge to rapid growth of the lip powder market.

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Key Players in the Lip Powder Market Profiled in Report

Deep-dive analysis of strategic profiles of key companies operating in the lip powder market are covered in the global lip powder market report, in a bid to help participants understand and evaluate their key products offerings, strategies, and recent developments.

Some of the key participants profiled in the global lip powder market report include Maybelline LLC, Urban Decay Cosmetics, BUXOM Cosmetics, Clinique Laboratories LLC, CLE COSMETICS, Lique Cosmetics Company, Revlon, Inc., Cult Beauty Company, CHANEL Company, Essence Cosmetics Company, Sephora USA, Inc., Huda Beauty Company, L’Oréal S.A., NYX PROFESSIONAL MAKEUP, and Christian Dior SE.

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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: 

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The CBD skincare market is estimated at US$ 2,359.5 Mn in 2022 and is projected to reach US$ 10,376.4 Mn by 2028.The coronavirus outbreak and subsequent lockdown measures have pushed consumers to focus their spending on essential commodities. Disruptions to raw material supplies have also impacted the market.

However, strong demand for CBD skin care products is helping in recovery of the industry, particularly through online distribution channels. As per newly released data by Future Market Insights (FMI), the CBD skin care market is anticipated to display a staggering 26% CAGR during the forecast period between the years 2020 and 2030.  On the other hand the market reflected a CAGR of ~21.1% from 2013 to 2021. The share of the CBD skin care market in its parent market (skin care market) is close to ~1%-2%.

“The global CBD skin care market has benefited significantly from the legalization of cannabis in multiple countries. Also, growing awareness about the antioxidant benefits of the CBD infused skincare products will support the

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CBD Skincare Market- Critical Takeaways

• CBD-infused serums and masks are witnessing high demand, owing to higher efficacy and easy application.
• Hemp based skin care products are witnessing relatively higher demand than marijuana alternatives owing to high efficiency as emollients, surfactants, conditioner, and cleansers.
• North America remains the leading market for CBD skincare products owing to widespread legalization efforts in Canada and the United States.

CBD Skincare Market- Drivers

• Legalization of marijuana and cannabis based cosmetic products is a critical factor aiding market growth.
• Niche application potential for psoriasis and acne issues, derived from anti-inflammatory characteristics drive create lucrative opportunities.

CBD Skincare Market- Restraints

• Fluctuation in the prices of raw materials is a key challenge faced by CBD skincare product manufacturers.
• Lack of legalization and lobbying for marijuana particularly in Asian countries restrains market growth.

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Coronavirus Impact on CBD Skincare Market

With the coronavirus affecting countries around the globe, potential buyers for CBD skincare products are focusing their expenditure towards essentials. Further, the fear of recession has impacted investments into the CBD skincare market. In addition, CBD and hemp shipments have taken a hit. CBD skincare product manufacturers are focused on the optimization of global, national, and local supply chains to process shipments, while being in compliance with strict safety standards.

Competitive Landscape

Fab CBD Company, Kiehl’s LLC, Medical Marijuana Inc., Cannuka LLC, Elixinol Global Ltd., Green Growth Brands, Endoca LLC, Josie Maran Cosmetics, Naturally Splendid, Lord Jones, Leela Body Care Co., The CBD Skincare Co., Vertly Hemp, CBD for Life, and Myaderm are some of the leading players in the CBD skincare market.

Manufacturers in the CBD skincare market are primarily investing in the development and launch of new product lines to cater to the requirements of varying consumer demographics.

For instance, Perricone MD has announced the release of its hypoallergenic CBD skincare line, aimed towards consumers with sensitive skin. Similarly, e.l.f. Beauty has unveiled a new full spectrum CBD product line including 5 body and face products. Further, OTO has released a new CBD skincare range including body oils, face masks, night eye treatment, and night cream.

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Global CBD Skin Care Market by Category

By Product Type, Global CBD Skin Care Market is segmented as:

• Creams
• Moisturizers and Lotions
• Balm
• Serums
• Face & Body Cleansers
• Others

By Price Range, Global CBD Skin Care Market is segmented as:

• Economic
• Premium

By Packaging Type, Global CBD Skin Care Market is segmented as:

• Pump
• Tubes
• Jar/ Bottles
• Sticks
• Others

By Source Type, Global CBD Skin Care Market is segmented as:

• Natural & Organic
• Synthetic

By Region, Global CBD Skin Care Market is segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• 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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The portable dishwashing market is estimated at USD 1.1 billion in 2022 and is projected to reach USD 1.5 billion by 2027, at a CAGR of 4.7% from 2013 to 2021. Share of portable dishwasher market in its parent market (kitchen appliances market) is approximately ~0.2%-0.4%.

The multi-modal operability and smart selection cycle are driving consumer desire for portable dishwashers. Along with reduced noise, water and power use, affordability will continue to be a key demand factor for portable dishwashers.

The portable dishwasher market also benefits from its simplicity of use and low maintenance needs.

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2013-2021 Global Portable Dishwasher Market Outlook Compared To 2022-2027 ForecastDuring the past few years, the buying patterns of the consumers has changed drastically. While buying any product the main focus of the consumer is towards comfort, convenience, compactness and technological advancement of the products.

The supply side participants are also trying to come up with products which minimize human efforts and at the same time provide better efficiency to the consumers. Portable dishwasher is one such electronic appliance.

Portable dishwasher is a necessity for the people in developed countries but is still a luxury for the people living in most of the developing countries. Time is a luxury these days which lead the consumers to incline towards products which are useful in reducing their efforts and at same time helping them to carry out daily life processes.

Economic Price Point & Compact Design Become Paramount

A majority of portable dishwasher manufacturers continue to focus on developing compact, economic, and time & space efficient models. While customers in developed regions prefer premium, high-performance portable dishwasher models over budget models of portable dishwasher, the contrasting case in developing economies is pushing adoption of medium- and low-priced portable dishwasher models.

Automation of dishwashing is gradually gaining ground across emerging Asian and Middle Eastern countries, owing to which portable dishwasher sales are likely to observe steady growth in coming years.

With more than 2X of portable dishwasher units sold in commercial sector, the residential sector is registering healthy adoption of portable dishwasher. However, portable dishwasher has been experiencing improving penetration in commercial applications recently, which is in turn bolstering revenue growth of portable dishwasher market.

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Accounting for around half of the total revenue of portable dishwasher market, medium price remains the most favored range among portable dishwasher customers. Based on the dishwashing capacity, customer preference for portable dishwasher models with 5-10 place setting is likely to be higher over those with 10-15 place setting, which can be attributed to compact size and lower price point associated with the former.

The report estimates portable dishwashers with 5-10 place setting capacity to hold nearly 70% market share in 2022.

While exclusive and multi-brand stores contribute a massive share in the sales of home appliances such as portable dishwasher, the portable dishwasher market revenue is anticipated to discover higher growth opportunities in the online retail segment. FMI projects healthy annual growth in online sales of portable dishwasher market in 2022 and ahead.

Europe Largest Customer Base for Portable Dishwasher ManufacturersEurope, reportedly the largest portable dishwasher consumer region, accounts for a whopping collective share in the global market revenue, with North America. While this value share equates over 3/4^th of the total revenue generated through portable dishwasher sales globally, the report forecasts higher annual growth prospects for North America’s portable dishwasher market.

Moreover, Asian countries are registering moderately growing adoption of portable dishwasher, making Asia Pacific (excluding Japan) the third largest consumer of portable dishwasher market.

With a large number of multinational and regional players, the global landscape of portable dishwasher is fairly fragmented. However, global appliance giants including Samsung Electronics Co. Ltd., The Whirlpool Corporation; Smeg S.p.A., IFB Industries Limited, Asko Appliances AB, and Haier Group Corporation hold a major revenue share, indicates research.

As suggested by the competition analysis included in the report, manufacturers of portable dishwasher and other appliances prefer to maintain their strategic focus on high energy efficiency during new product launches. Regional players are also seeking ENERGY STAR certifications to promote their portable dishwasher models.

The report tracks portable dishwasher market performance over an eight-year forecast period, 2022-2027. Expecting a healthy CAGR of 5.5% through 2027, FMI projects an overall positive growth outlook for global portable dishwasher market in the years to come.

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Global Portable Dishwasher Market By Category By Capacity :

• 5-10 Place Settings
• 10-15 Place Settings
• Above 15

By Application :

• Residential
• Commercial

By Price Range :

• Under US$ 50
• US$ 50 – US$ 100
• US$ 100 – US$ 200
• Above US$ 200

By Sales Channel :

• Wholesalers/ Distributors
• Multi-brand Stores
• Exclusive Stores
• Online Stores
• Other Sales Channel

By Region :

• 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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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A new study by FMI forecasts that natural cosmetics market was valued over US$ 36 Bn in 2019, witnessing a moderate CAGR during forecast period 2019 – 2027.

The study finds that household consumption of natural cosmetics remains higher as compared to their demand in commercial spaces of salons & spa. Consumer preference for organic and natural products is no more limited to food & beverages landscape, with organic cosmetics sales surging in recent years.

According to FMI, sales of natural cosmetics in the household segment is likely to account for over two-third of the global revenues in 2019.

Growing consumer concerns regarding the side effects of chemicals in cosmetics & toiletries

• Demand for natural ingredient percolating from food to non-food products including cosmetics & personal care
• Dissemination of knowledge regarding benefits of natural ingredients and increasing ethical consumerism

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Hair Care Natural Cosmetics Accounted for Nearly One-Third Sales in 2018

The study revealed that in addition to growing popularity of natural skin care products, consumer preference for natural hair care products is also growing. Plant-based hair care products are witnessing popularity among an increasingly growing consumer demographic looking for chemical-free products for daily use. These factors are also fuelling the natural skin care product category, which is set to grow at over 5% in 2019 over the previous year.

“Skincare and hair care products are among the traditional products used for grooming and have witnessed significant evolution in formulations wherein plant-based and organic products are trending in the cosmetics & personal care industry. A combination of hair care and skin care products accounted for over half the natural cosmetics market revenues in 2018 and the status-quo will continue in the coming years,” says FMI.

Unisex Natural Cosmetics Top Selling, Male Products Gaining Traction

The study finds that sales of unisex natural cosmetics have spearheaded the market for many years. In 2019, the trend is likely to continue and the sales of unisex natural cosmetics will hold over one-fourth of the global revenues. Consumers’ greater orientation towards unisex natural cosmetics can be attributed to their higher sales in the market.

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The increasing interest of male grooming is a new trend in the industry which is expected to translate into higher sales in the ‘for men’ category in 2019. Natural cosmetics for females are also gaining popularity, as local manufacturers use their traditional herbal know-how in delivering broader and safer natural cosmetics portfolio.

Distributors Accounted for 2 in 10 Sales of Natural Cosmetics in 2018

FMI’s thorough study of the distribution network of the natural cosmetics market reveals that wholesalers or distributors remain the preferred choice for the purchase of natural cosmetics among consumers. Over 2 in 10 natural cosmetics products were sold through wholesaler or distributors in 2018.

Apart from this conventional sales channel, consumers also prefer convenience stores to purchase natural cosmetics. While sales through convenience stores were comparable to that of wholesalers or distributors, hypermarket/supermarket and specialty stores also continue to register considerable unit sales of natural cosmetics. Consumers also chose online purchase option, however, limited options of premium products restrict the sales as consumers prefer cost-effective and reliable

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Natural Cosmetics Sales in Europe Continue to Surge

FMI opines that Europe will be the largest consumer of natural cosmetics and APEJ and North America are expected to follow suit. Europe has a sophisticated legislative framework for cosmetic market players to enter the EU market.

Further, Europe’s love for natural plant-based ingredients combined with the region’s efforts to promote sustainability is fueling the demand for natural ingredients. In Europe, demand remains concentrated in EU5 countries which include Germany, France, Italy, Spain and the UK, wherein presence of an extensive distribution network with a number of sales channels, the natural cosmetics market is attracting new consumers.

The FMI report tracks the natural cosmetics market for the period 2018-2027. According to the report, the natural cosmetics market is projected to grow at 4.9% volume CAGR through 2027.

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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 anti-wrinkle products market is valued at US$ 9.1 Billion in 2021. The market is likely to grow at a CAGR of 5.8% through 2027, reaching US$ 12.8 Billion.

Surging retail availability of a wide range of anti-wrinkle products, coupled with a dramatic rise in the number of brands providing diverse anti-aging products, is projected to play a significant role in the revenue growth of anti-wrinkle products market.

Skincare has been an important segment driving the personal care and cosmetics industry, of which anti-aging products capture a sizable share. Increasing personal investment in self-grooming, especially anti-aging products, will sustain the sales of anti-wrinkle products in the global landscape.

At an estimated year on year revenue growth rate of roughly 6%, in 2019 and 2020, global landscape of anti-wrinkle products is likely to witness a prominent push from the premiumization trend that has been shaping anti-wrinkle products space in the recent past.

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With a current share of just-under a third of the total market valuation, Asia Pacific (excluding Japan) remains the global leader, as indicated by the report. North America, Europe, and Japan are also positioned as attractive investment territories for investors in anti-wrinkle products landscape.

The Visible Rise of Natural & Organic to Shape Market Performance

Holding more than half of the total market value, creams & moisturizers are foreseen to remain the dominant shareholder in anti-wrinkle products market on account of sustained consumer preference for cosmeceuticals based on creams and moisturizers, especially in developing regions.

• Celebrity endorsements remains a major influencing factor here, according to the report.
• Posing stiff competition to synthetic anti-wrinkle products, organic and naturally sourced anti-wrinkle products are gaining ground at a brisk pace, according to the report.
• In addition, the reports points to steadily rising popularity of branded and premium quality anti-wrinkle products as an expanding consumer population is prioritizing quality over everything, before purchasing skincare products.
• Clean-label anti-wrinkle products continues to constitute a notable trend that holds a strong impact on the purchasing decision of consumers.

Breakthrough Anti-wrinkle Treatment May Hold a Long-term Impact on Anti-wrinkle Products Sales

With an objective to overcome the complexities associated with Botox and a heap of fillers, a breakthrough treatment – Profhilo is launched recently, this year. The treatment is being claimed to rehydrate, moisturize, and retexture aging skin. Emergence of such innovations, following the already popular high-end anti-wrinkle treatments such as Botox and fillers, is likely to hold a considerable impact on the sales of anti-wrinkle products.

“While this could be the situation specifically for a premium consumer segment, it would not be an overstatement to expect its considerable influence on anti-wrinkle products market growth in the long run,” says a senior analyst at FMI.

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The report covers extensive profiles of some of the prominent player’s active in global anti-wrinkle products marketplace, including Allergan PLC; Avon Products Inc., L’Oréal S.A., Unilever, Revlon, Inc., Oriflame Cosmetics AG, Lotus Herbals Limited, Procter & Gamble Co., Nature Republic, and a few others.

Some of the prominent brands leading regional markets, such as Sisley Paris, are maintaining the R&D focus on existing portfolio expansion.  Sisley’s recently launched concentrated anti-wrinkle serum adds value to the company’s previous offerings and is claimed to more efficiently address the typical aging signs that are resultant of multiple environmental, genetic, and behavioral factors. The new launch reportedly includes plant-based ingredients that help optimization of the lifecycle of human skin cells.

A large number of anti-wrinkle products manufacturers are also investing efforts in R&D of innovative, multifunctional formulations that could effectively address multiple aging signs besides wrinkles, simultaneously. Targeting untapped opportunities in retail and organized sales channels, established companies in anti-wrinkle products market are focusing on enhancing the space on retail shelves and strengthening sales network. Market participants in developing economies are more likely to implement aggressive pricing strategies to remain a step ahead of competitors.

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Anti-Wrinkle Products Market Key Segment

By On the basis of product type

• creams & moisturisers
• cleansers
• other products

By On the basis of nature

• natural/herbal
• synthetic
• organic

By On the basis of end-user

• men
• women

By On the basis of sales channel

• pharmacies
• specialty outlets
• supermarkets/hypermarkets
• convenience stores
• beauty stores
• e-retailers
• 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.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The Waterproof Speaker Market is estimated at US$ 8.6 Bn in 2022 and is projected to reach US$ 12.2 Bn by 2027. As per newly released data by Future Market Insights (FMI), The waterproof speaker market has reflected a CAGR of 6.3% from 2013 to 2021. The share of the waterproof speaker market in its parent market (global speaker market) ranges between ~5%-15%.

In the global waterproof speaker market, companies across the globe are focusing on research & developing and the launching of new product variants, which is a key factor driving demand for waterproof speakers across the globe.

Companies operating in the market are constantly investing a significant amount on research and development activities to cater to the evolving needs of customers who are seeking authentic and specialised products. Waterproof speakers have standard features such as style, basic functionality and durability.

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Technological advancements in several audio devices has changed the manner in which people appreciate and play music. An increase in the demand for wireless-based audio devices, which include portable waterproof speakers with different connectivity options such as Bluetooth & Wi-Fi, sound-bars, headphones and microphones, has been witnessed in the audio industry.

Moreover, the demand for waterproof speakers and similar other devices from end users is gaining traction. This has expected to drive the North America market over the forecast period.

The manufacturers of waterproof speakers have also adopted some key differentiating strategies. For instance, brands operating in the market are targeting mass consumers. They are also offering waterproof speakers with advanced features at competitive prices.

The manufacturers of waterproof speakers are also seeking product innovation due to an increase in the awareness of consumers with respect to different brands in the waterproof speaker marketplace, as well as to maintain a proper value chain to reach the proper target audience and to reduce the cost of the final product.

Manufacturers are focused on developing high-value waterproof speakers due to the rising consumer demand for better and more effective value-added products. Furthermore, the rising diversity of premium waterproof speakers on retail shelves is also expected to contribute to the increasing value share of the market in the near future.

Features, such as long-range connectivity, robustness and the availability of products on e-commerce platforms, are expected to boost the market. The functionalities of multi-room sharing via small devices, i.e., the pairing of multiple portable waterproof speakers via a single device to make compact devices produce louder sounds, are increasing the demand for waterproof speakers in the market. The rising popularity of waterproof speakers among the millennial population is also a major driver of the waterproof speaker market.

The global market is segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all the regions, the North America and Asia Pacific excluding Japan regions are estimated to have a substantial value share. The North America region is expected to grow with the highest growth rate of 8.3% owing to the growing number of smart homes in the region. In terms of revenue, the value of the market was US$ 6,327.4 Mn in 2017.

Key Players in the Waterproof Speaker Market

Detailed profiles of companies are also included in the global waterproof speaker market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the global waterproof speaker market study include Bose Corporation, HARMAN International, Apple Inc., Yamaha Corporation, Sony Corporation, Logitech International S.A., LG Electronics Inc., Samsung Electronics, Panasonic Corporation, Sound United LLC, Philips, LIXIL Group, Anker, Ematic, G-Project Gear, 808 Audio, ROCKVILLE, FosPower, AOMAIS and Altec Lancing.

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Global Waterproof Speaker Market by Category

By Product Type:

• Portable Waterproof Speakers
• Ultra-Portable Waterproof Speakers

By Sound Proposition:

• Directional Speakers
• 360 degrees Speakers

By Application:

• Household
• Institutional
• Offices
• Leisure

By Sales Channel:

• Wholesalers/ Distributors
• Hypermarket/Supermarkets
• Specialty Stores
• Multi-brand Stores
• Online Retailers
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• South Asia
• East 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.

Contact: 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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The Sippy cups market size of US$ 7,765.2 Mn in 2018, the value sales of sippy cups are expected to reach US$ 11,684.4 Mn by 2027 with a CAGR of 4.6%

According to Future Market Insights’ recently released market research intelligence, Asian countries continue to dominate the global market for Sippy cups. Although APEJ’s dominant position in the worldwide Sippy cup market is due to a large newborn population and an equally rapid growth rate, Europe is also represented as a significant regional market.

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Ecommerce Penetration Plays a Crucial Role in Market Growth

“While APEJ and Europe seem to maintain their global dominance in Sippy cups market owing to the presence of a strong base for a majority of leading manufacturers and relatively higher rate of infant population growth, it is the dramatically increasing Ecommerce penetration that is prominently boosting the growth of Sippy cups market across urban areas of Asia and Europe,” explains a senior market research analyst at the company.

Moreover, discussing the top selling product types segments in Sippy cups market, the analyst says, “Soft spout Sippy cups secure the top selling product position, whereas plastic remains a favored choice of material among manufacturers of Sippy cups. Based on the age group of toddlers, Sippy cups for 12-18 months are most attractive”.

When it comes to ranking the most popular distribution channel for Sippy cups, the report highlights that supermarkets/hypermarkets continue to account for maximum sales of Sippy cups. However, online sales are buckling-up and may demonstrate faster growth over conventional retail channels over the course of upcoming years. Almost 20% of the total baby products sale occurs online (as of H1 2018), which clearly reflects the signs of an amplified share in the near future.

Munchkin Inc. has been dedicating heavy investment in online sales, with an additional promotional value through company blogs and informative articles on baby care products.

Customization and Innovation Trend Sippy Cups Market

• Sippy cups are now influencing the Sippy cups market’s revenue growth because they are innovative, practical, adaptable, and lasting.
• The survey predicts that the most important factors affecting parents’ purchase decisions would be safety and supplementary features.
• Sippy cup customization has been noticed as a current trend that manufacturers are taking advantage of.
• In the infant care market, baby fashion has had a huge beneficial impact on sales and product innovation.
• The increasing number of strategic mergers and acquisitions throughout the juvenile durable goods category is another factor that is anticipated to have a long-term impact on the revenue growth of the Sippy cup market.CollapseAndGo recently launched convenient on-the-go Sippy cups

Collapsacup – targeting a broad range, from newborns to five years olds. These Sippy cups, as are made from silicone, are bacteria-resistant, tasteless and odorless, and temperature-resistant.

Koninklijke Philips N.V., one of the major operators in the competitive landscape, is focusing on the diversification of an existing line of leak-proof, BPA-free Sippy cups and bottles.

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Experts Recommend Limited Use of Sippy Cups

A number of paediatricians altercate frequent use of Sippy cups, as the overuse may eventually result in reliance on sippers, and an increased risk of cavities due to overexposure to sugars in the milk, juices, or formula inside. They also suggest that dependence of toddlers on Sippy cups may lead to sabotaging meal times and delayed speech development.

The American Academy of Paediatric Dentistry even recommends the transition from Sippy cups to normal cups as early as possible, after the age of one year. These and more such concerns related to increasing adoption of Sippy cups are likely to hold a significant impact on the sales of Sippy cups, says the report.

It is ideally suggested that Sippy cups should be allowed only for travel use, and ordinary cups or mugs should be brought in as better alternatives as early as possible.

BPA-free Sippy Cups Continue to Attract the Interest of Investors

BPA has been in use for plastic bottles and baby Sippy cups over the past decades. However, the US FDA officially prohibited the use of BPA (bisphenol A) from baby bottles and Sippy cups (post 2012) – post the revelations made by the American Chemistry Council that BPA tends to leach into food and beverage products, including water, milk, and infant formula – subsequently passing on the traces into the consumer’s body. Research says that BPA traces may later even pose adverse health effects predominantly on brain and behavior of toddlers and children.

This industrial chemical that mimics estrogen has thus been on the radar of Sippy cups manufacturers and by now, the entire Sippy cups market has travelled a paradigm shift to BPA-free Sippy cups. As the consumer sector is witnessing a rapid influx of products labelled BPA-free, it is most likely that the focus of Sippy cups and bottles manufacturers on the BPA-trend will zoom in over the coming years. Material innovation in the BPA-free segment is anticipated to remain a highly notable trend shaping the competitive landscape of Sippy cups market, reports FMI.

However, although manufacturers of Sippy cups and bottles have been taking into consideration the concerns over potentially hazardous health effects of BPA and thereby switching to an extensive range of similar-looking material alternatives, ongoing research continues to indicate that even ‘BPA-free’ may not be entirely safe, and have a certain set of health risks associated with it.

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Market Segmentation

On the basis of product type, the global Sippy cups market is segmented into soft-spout cups, hard-spout cups, straw cups and spout-less cups. The global Sippy cups market is further segmented on the basis of source. The source segment includes plastic, glass, stainless steel and other sources, which include fabric, cotton etc. The global Sippy cups market is also segmented on the basis of potential end users as 0-12 months, 12-18 months, 18-24 months and 2 years & above. On the basis of sales channel, the global Sippy cups market is on the basis of distribution which includes segmented into supermarket/hypermarket, convenience store, specialty store and online store.

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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 9-years.

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/sippy-cups-market
For Sales Enquiries: sales@futuremarketinsights.com
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In terms of revenue during the forecast years, the global foaming creamer market is projected to expand at a CAGR of around 3.6%.

While the coffee market has seen substantial growth in the recent past, coffee additives such as foaming creamers have also been witnessing significant consumption. According to a new intelligence outlook presented by Future Market Insights, the global demand for foaming creamers is anticipated to experience moderate growth over coming years – prominently driven by the expanding coffee market. Especially in Europe and the US.

Foaming creamers are also available for instant beverages, and these can be used for beverage mixes too. The other type of foaming creamer is the cold water soluble foaming creamer that is predominantly used in the foodservice industry.

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Gourmet Coffee Remains a Primary Push Factor 

Around 59% people based in the US prefer to consume gourmet coffee, daily, as indicated by the US National Coffee Association. Similarly, the liking for gourmet coffee is increasing in other regions as well – subsequently elevating the incorporation of foaming creamer in coffee mixes.

As gourmet coffee prominently trends the millennial population, visibly rising millennial preference for café-style foamed coffee is providing a push to foaming creamer demand. Moreover, growing product innovation in the instant beverages/drinks category, coupled with widespread availability of instant or ready-to-drink (RTD) beverage mixes is likely to pave the way for parallel growth in foaming creamer sales.

Non-dairy Foaming Creamer to Emerge Lucrative, Riding on the Price Benefit

In the backdrop of volatile milk prices post 2016, dairy products manufacturers have been facing the challenges posed by reduced pricing.  On the flipside, manufacturers of non-dairy based products continue to capitalize on the relatively stable pricing scenario owing to the stability of the raw material prices. With an expanding consumer population turning to non-dairy, vegan products, it is more likely that non-dairy foaming creamer would discover an improved scope of sales in coming years.

Increasing awareness about the potential health benefits of a vegan lifestyle and the availability of a wide range of dairy alternatives/non-dairy products suitable for the same, will reportedly assist the demand for non-dairy foaming creamer over its dairy-based counterpart. A number of manufacturers of dairy-free foaming creamers are thus likely to strategize on the raw material experimentation.

While both dairy and non-dairy foaming creamers are extensively consumed in commercial applications for preparation of instant beverage mixes, such as coffee-based mixes, milk tea mixes, and cocoa-based mixes, the report also points to surging usage of foaming creamers in dietary supplements such as protein shake powders.

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Global Foaming Creamer Market: Segmentation

Analysis by Base

• Dairy
• Non-Dairy

Analysis by End Use

• Beverage Mixes
  • Coffee-based Mixes
  • Milk Tea Mixes
  • Cocoa-based Mixes
• HoReCa/Foodservice
• Dietary Supplements

Analysis by Function

• Instant
• Cold Water Soluble

Analysis by Region

• North America
• Latin America
• Europe
• Asia Pacific
• ASEAN (Association of South East Asian Nations)
• China
• Middle East & Africa

HoReCa & Food Processing Sectors Contribute Significantly to Market Growth

Steadily increasing cold water-soluble foaming creamer consumption by the foodservice sector is identified to be another strong factor contributing to the growth of foaming creamer marker. The analyst explains, “A majority of operators in food processing and foodservice sectors are adopting foaming creamers in sizeable volumes in an effort to eliminate the need for additional manual labor, or foaming equipment, or machinery – saving on the overall production costs. Foodservice or HoReCa sector and food processing entities are thus playing a vital role in supporting the revenue growth of foaming creamer landscape”.

As revealed by the competition tracking, major manufacturers of foaming creamers are projected to invest strategic efforts in penetration into the Southeast Asian region that traditionally has been a tea consuming territory and is gradually developing a preference for foamed coffee. Middle Eastern and Asian countries are also positioned as attractive investment pockets for foaming creamer manufacturers, according to the report.

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Significant Contributions of the Report

• Key Trends and Challenges: Detailed analysis on the ‘ins and outs’ of the market with qualitative research and quantitative insights
• Recent Drivers and Opportunities: Detailed assessment on the key growth drivers, technological developments, and factors affecting the market over the forecast period.
• Segmental Analysis: Extensive research on each segment and sub-segment, compiled by expert research analysts of FMI
• Regional Market Forecast: Thorough analysis of each regional market to provide market players with real-time data and reliable statistic to gain a competitive edge in the industry
• Competitive Landscape: Comprehensive analysis on prominent players and new entrants eyeing to improve their revenue prospects in the industry

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:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com

Browse Other Reports: https://www.futuremarketinsights.com/reports

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