Market Research Blog

The snow boots market size is anticipated 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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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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The global blanket market is estimated to be worth USD 7.9 billion in 2022 and USD 9.9 billion by 2027, growing at a CAGR of 3.7% between 2017 and 2021. The worldwide blanket market holds a stake of around 1% in its parent sector, the global home bedding industry.

As per newly released data by Future Market Insights (FMI), the demand in the blanket market grew at approximately 4.5% CAGR in the forecast year, reaching a market valuation of US$ ~7 Bn in 2020.

Customers in the US especially, the working class are highly keen on premium and luxury products in their residential areas, therefore, the blanket market is projected to grow with a CAGR of over ~4%. Also, with the rapidly evolving lifestyle patterns and urbanization, the possession of houses is growing in the US, which is likely to enable growth in terms of volume of sales of the blanket market.

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Key Points Covered in Blanket Market Survey

• Market estimates and forecast 2013-2027
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis

Besides launching eco-friendly products, companies are partnering with environmental protection groups to promote cruelty-free and chemical-free manufacturing. Such efforts undertaken by various organizations such as Shades of Green, Boll & Branch, and Pottery Barn are likely to promote sustainable and eco-friendly bedding and help the market grow.

Key Takeaways from the Plush Blanket Market Study

• Full-size blankets are expected to hold the leading revenue share of 21.4% in the market in 2021.
• The U.S. will hold a share 87.7% in North America in 2021, owing to the high penetration of key players in the country.
• India is a key market in South Asia, registering growth at above 10.3% CAGR owing to higher spending on premium products in the country and increasing development in the real estate category.
• Europe will continue showcasing lucrative opportunities for the plush blanket market. Demand in Germany and the U.K. will continue supporting growth in the region.

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Who is Winning?

Some of the leading players in the market are Berkshire Blanket & Home Co., American Blanket Company, FleecePro, Sunbeam Products, Inc., ADORNit, Plush Addict Ltd., Robert Kaufman Co., Inc., Shannon Fabrics Inc., Venus Group, The Company Store, The Northwest Company, among others.

Market players are focusing on the expansion of their product portfolio. Some of them are increase their sales by expanding their business portfolio by collaborating with e-commerce supply channels.

For instance, in 2021, PIXERS launched a customized plush blanket that is soft and warm, suitable for the bedroom, kid’s room and the living room as a bedspread or additional cover. This factor helps the company to gain customer attention in the market.

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Global Blanket Market by Category

By Product Type:

• Electric Blanket
• Regular Blanket

By Material Type:

• Wool
• Cotton
• Polyester
• Others

By End-User:

• Residential
• Commercial

By Sales Channel:

• Wholesalers/ Distributors
• Hypermarkets/ Supermarkets
• Specialty Stores
• Multi-brand Stores
• Independent Small Retailers
• Online Retailers
• Others

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 5-years.

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The global demand for women’s luxury footwear market is anticipated at US$ 178.4 Bn in 2022 and is projected to reach US$ 219.5 Bn by 2027, at a CAGR of 3.2% from 2013 to 2021. Share of women’s footwear market in its parent market (footwear market) is close to ~44%.

The recent past has observed an increased in number of HNWI population in 2021. Globally, HNWI population reached 22.4 million, and their total wealth accounted for US$ 61,275 Bn in 2021.

Europe accounted for high growth rate of HNWI population, with almost 5.6 Mn HNWI population. This leads to high purchasing power of individuals. In addition, growing working women population and women’s labor force participation in regions such as Japan, the United Kingdom, and France help

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.

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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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More Insights on Women’s Luxury Footwear Market

Future Market Insights, in its new offering, provides an analysis of the global women’s luxury footwear market, presenting historical demand data (2014-2022) and forecast statistics for the period of 2022-2029. The women’s luxury footwear market study reveals compelling insights on the basis of product (boots, heels & pumps, sandals & flats, casual, sneakers & sports shoes), material (rubber, leather, polyester, velvet, canvas, textiles, and others), price range (US$) (300-499, 500-699, 700-999, 1000-1299, 1300-1599, 1600 & Above), and sales channel (online and offline [department stores, specialty stores, monobrand stores, off-price stores, others]), across seven major regions.

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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 7-years.

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The floriculture market size is close to being valued at US$ 49.8 Bn in 2022, and is expected to surge to a valuation of around US$ 80.5 Bn by 2029, rising at a CAGR of around 6.7% over the 2022 to 2029 assessment period.

The market for floriculture, which is mostly supported by cut flowers, will grow significantly thanks to the recent explosion in popularity of edible flowers.

Institutions/events that currently hold around 3/5 of the share in the market would remain the prominent adopters of floriculture items.

Huge potential for flowers for the purpose of decoration throughout multiple occasions would fuel the growth of the institutions/events segment during the forecast period.

Flowers are bought for a variety of purposes, including expressing love or sympathy, as well as achieving environmental and aesthetic aims. Floriculture is currently being adopted because of the necessity to incorporate green cover into workplace interior designs.

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Key Takeaways – Global Floriculture Market Study

• Europe is expected to retain its dominant position in the global floriculture market, attributed to increasing adoption of gardening activities in the region.
• Among product type, the cut flowers segment is considered a key contributor to growth of the global floriculture market, due to high consumption of fresh roses in decorations such as bouquets at events, vase arrangements, and as gifts on special occasions.
• The cut foliage segment is expected to witness a significant CAGR in the global floriculture market, owing to increasing use of mix bouquets in flower arrangements at events and festivals.

Rising Environmental and Social Responsibility to Shape Market Trends

Consumers demand sustainably produced flowers, attributable to increasing consumer awareness regarding environmental and social impact of production and trade of floriculture products worldwide. Thus, all participants in the floriculture value chain aim adopt sustainable agricultural practices such as integrating pest management and conservation agriculture to reduce negative impact of their activities on the environment.

Consumers in the market are also willing to pay more for sustainably grown flowers. Thus, companies aim to obtain certifications and are offering fair trade, FPP, and other certified flowers to their consumers in order to improve their market position.

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Floriculture Market: Competitive Landscape

Prominent players in the global floriculture market are Tropiflora Ltd., Forest Produce Ltd., Selecta Cut Flowers S.A.U., Native Floral Group, Tropical Foliage Plants, Inc., Oserian Group, Esmeralda Farms, Marginpar BV, DOS GRINGOS, LLC, Flamingo Horticulture Ltd., Danziger Group, Florensis Flower Seeds UK Ltd., Verbeek Export B.V., Florance Flora, Karuturi Global Ltd., and others.

Players in the floriculture industry are focusing on Asia for production and sales of commercial floriculture products, owing to significant rise in demand for low cost flowers in this region. Companies are also entering various strategic partnerships with domestic players to expand their market footprint.

Key Segments of Floriculture Industry Survey

Floriculture Market by Product:

• Cut Flowers
• Cut Foliages
• Plants
• Propagation Materials

Floriculture Market by Flower:

• Roses
• Chrysanthemums
• Tulips
• Lilies
• Gerberas
• Carnations
• Texas Bluebells
• Freesias
• Hydrangeas
• Others

Floriculture Market by End Use:

• Floriculture for Personal Use
• Floriculture for Institutions/Events
• Floriculture for Hotels, Resorts, & Spas
• Floriculture for Industrial Use

Floriculture Market by Sales Channel:

• Direct Sales of Floriculture Products
• Floriculture Products Sold at Specialty Stores
• Floriculture Products Sold at Franchises
• Floriculture Products Sold at Florists & Kiosks
• Floriculture Products Sold at Supermarkets/Hypermarkets
• Floriculture Products Sold at Independent Small Stores
• Floriculture Products Sold by Online Retailers
• Others

Floriculture Market by Region:

• North America Floriculture Market
• Latin America Floriculture Market
• Europe Floriculture Market
• East Asia Floriculture Market
• South Asia & Pacific Floriculture Market
• Middle East & Africa (MEA) Floriculture Market

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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 7-years.

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The demand for automatic coffee machine market will see a CAGR of 5.1% throughout the years 2021-31. It is projected that demand for automated coffee makers will continue to soar, especially given the expanding popularity of fast food businesses.

Automatic coffee machines Market – Important Highlights

• According to product type, super automatic coffee machine is estimated to hold the maximum market share during the forecast period, due to its high consistency in quality.
• Semi-automated coffee machine market is expected to gain momentum, owing to its flexibility like manual timers and due to its lesser price.
• Hotels and cafes are anticipated to account for the lion’s share in the global market, due to a sudden increase in out-of-home consumption among people in the recent years.
• North America is estimated to hold the lead market share in the projected years, with US being in the forefront, owing to the love for coffee among the residents and their growing preference towards automated kitchen appliances.
• India is estimated to hold a prominent market share due to its Rapid increase in urbanization and foundation of several IT parks in emerging which is likely to boost consumption of coffee beverages.

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Automatic coffee machines Market – Drivers

• Rise in number of cafes and coffee shops across different regions of the world.
• Increasing preference towards saving time and maintaining the consistency of the coffee is generating the need of automatic coffee machines.
• The opportunities are estimated to get more profitable with an increasing number of companies investing in research and development to launch automated coffee machines with advanced functionalities.
• With rising environmental concerns, focus will be more on making ecofriendly coffee machines and different market player’s center of attention will be in developing machines with less power and electricity consumption, which will drive the market.

Automatic coffee machines Market – Restraints

• High cost of automated coffee machine is estimated remain as a major constraint for the market.
• As these machines are highly sophisticated, it has a high maintenance cost and is difficult to handle.

COVID-19 Impact on Automatic coffee machines Market

The automatic coffee machines market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The expansion of commercial infrastructure and establishment of different it parks and cafes will guarantee growth despite temporary lull experienced during COVID-19 outbreak. Therefore, the automatic coffee machines market is likely to set on path of regaining as economies have started to stabilize bit by bit.

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Competitive Landscape

Besides adopting different strategies for expansion, the key market players are therefore focusing on product launches with advanced features

For instance:

• Swiss brand – Ergo has lately started selling a fully automatic coffee machine, called Next Touch Coffee. Besides featuring a self-adjusted grinder, it can be configured with IoT innovations and different options, and has a wide range of payment systems. The report contains insights of some prominent players in the global automatic coffee machine market, like Koninklijke Philips N., Keurig Green Mountain, Inc., De’Longhi Appliances s.r.l, Nestlé Nespresso S.A and many more.

Market Taxonomy

Product Type

• Fully Automatic
• Super Automatic
• Semi-Automatic

End Use

• Hotel
• Restaurant
• Cafe
• Institutional
• Residential

Regional Outlook

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of LATAM)
• Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)
• Middle East and Africa (GCC Countries, Northern Africa, South Africa, Rest of MEA)
• East Asia (China, Japan, South Korea)
• South Asia (India, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)

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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 skin lightening products market size to reach at a  US$ 1586 billion by 2031, according to a Future Market Insights report. Efficiency and effectiveness of a product are recognised by manufacturers and brand owners as being extremely crucial variables in converting the product’s unique selling proposition (USP) into a larger market share. The survey claims that one of the main causes driving the demand for skin whitening products is the increase in melasma incidence.

Melasma can be defined as acquired hyperpigmentation on the skin and occurs due to a number of reasons, such as genetic predisposition, ultraviolet radiation, hormonal factors, and drugs. Topical therapies and minimally invasive surgeries are becoming extremely popular in treating melasma across the globe.

However, the latter being expensive, a larger consumer base is adopting topical therapies for the treatment of hyperpigmentation. Topical therapies include medically prescribed or over-the-counter drugs, including several creams, lotions, gels, serums, and other topical therapies.

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The rising prevalence of melasma across the globe is shifting women to opt for topical therapies for treating their skin conditions. Apart from the U.S., the adoption of skin-lightening products has also demonstrated an increasing penetration rate among the African population.

As per the World Health Organization (WHO), 77% of Nigerians use skin-lightening products on a daily basis. Improved lifestyle and a rise in the middle-class consumer group in Africa are pushing the penetration of skin care products across the countries. Women happen to cover the leading share in the market, accounting for nearly 80% of sales. FMI in its latest study has forecast the market to rise at a CAGR of 12.8% between 2021 and 2031.

Key Takeaways of Skin Lightening Products Market Report

• Skin lightening product sales will continue rising, especially in the lotion and creams category
• The U.S. has emerged as a highly lucrative market, accounting for over 90% sales in North America
• The presence of some of the leading market players is pushing y-o-y growth in the U.K. at 3.3%
• The expansion of beauty industry will continue fuelling sales in Germany and France
• Japan will remain an exceedingly lucrative market, accounting for over 50% sales in East Asia

Impact of COVID-19 & 2020 Market Analysis

The current pandemic outbreak has imposed numerous challenges on the part of supply side and demand side. The temporary regulation imposed by regional governments to restrict the movement has impacted supply chains drastically. Besides this, the shift from discretionary spending to essential goods has further negatively impacted the market growth.

Besides this, the change in consumer buying habits has encouraged a shift from store based retailing to online retailing facilitating a wider market reach. However, the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities amid economic slowdown.

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Who is winning?

Future Market Insight (FMI)’s report underlines insights into the competitive situation of the Skin Lightening Products market along with highlights of differential ways utilized by players. Some key players within the Skin Lightening Products market includes and others.

The players are aggressively investing to encourage and promote product development with an aim to gain a competitive advantage over other players operating in the market. The players are entering into strategic alliances with others to build up and strengthen in house resources and expertise

Skin lightening Products Market by Category

Product Type

• Lotions and Creams
• Foam Skin lightening Products
• Gels Skin lightening Products
• Serum and Toner
• Scrubs
• Others

End User

• Men
• Women

Price Range

• Economic (US$ 10-50) Skin lightening Products
• Mid-range (US$ 50-200) Skin lightening Products
• Premium (US$ 200 & Above) Skin lightening Products

Nature

• Natural/Herbal Skin lightening Products
• Synthetic Skin lightening Products
• Organic Skin lightening Products

Sales Channel

• Pharmacies
• Hypermarkets/ Supermarkets
• Specialty Outlets
• Convenience Stores
• Beauty Stores
• E-Retailers
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South 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 10-years.

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The global laundry care market is estimated to be worth between US$25 billion and US$35 billion in 2021. Through 2021–2031, the market is anticipated to increase at a 5% CAGR.

Sales of liquid detergents are anti ipated to rise as consumers choose them more frequently because they offer improved compatibility with washing machines and clean delicate textiles more effectively without causing damage.

Some of the top laundry care market players are introducing liquid detergents with plant-based ingredients in response to the surging demand for organic homecare products. On account of this, sales of laundry care products are expected to increase at 4% CAGR in terms of volume between 2021 and 2031.

Increasing adoption of advanced and automatic laundry machines which are compatible with detergent pods and liquid detergent also will improve the sales of liquid laundry detergents. Demand for sustainable and plant-based liquid detergents is rising, especially across India, China, and South Korea, which is expected to positively impact the growth in the market.

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Historically, demand for laundry care products increased at 4% CAGR between 2016 and 2020. However, with unprecedented outbreak of COVID-19 and increasing awareness for personal hygiene, demand for organic liquid detergents and fabric softeners has burgeoned.

According to the report, emergence of e-commerce platforms and promotion of plant-based liquid detergents and laundry care products will continue accelerating the demand in the laundry care market.

Key Takeaways from FMI’s Laundry Care Market Study

• Based on product type, the fabric softeners segment is poised to expand at over 5.6% CAGR 2021
• In terms of source type, synthetic segment is expected to register growth at 5.1% CAGR during the forecast period
• Sales of powder laundry care products are expected to reach US$ 38.5 Bn between 2021 and 2031
• South Korea and Japan are expected to account for over 22% and 34% of global sales in 2021, respectively
• India and China are expected to spearhead the growth of South and East Asia laundry care market, respectively during the forecast period

Competitive Landscape

As per FMI, top players are expected to account for over 25%-35% of global market share in 2021. Key players are focusing on collaboration with e-commerce and local vendors to increase their revenue.

Some of the key players are also introducing sustainable and plant-based laundry care products, targeting vegan consumers, to create lucrative revenues.

For instance, In September 2020, Woolite, a subsidiary of Reckitt Benckiser Group PLC, announced the launch of stain remover wipes which is made up of non-toxic ingredients and with eco-friendly packaging effective on all kinds of stain.

Some of the players operating in laundry care market profiled by FMI are Procter & Gamble Co., Unilever PLC, Colgate-Palmolive Company, Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, Amway Corporation, Kao Corporation, S.C. Johnson & Son Inc., LG Household & Health Care Ltd., Golrang Industrial Group, Lion Corporation, Church & Dwight Co., Inc. and Alicorp S.A.A. among others

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Laundry Care Market by Category

Product Type:

• Fabric Softeners
• Laundry Detergents
• Others

Distribution Channel:

• Wholesaler/Distributors
• Supermarket/Hypermarket
• Convenience Stores
• E-Commerce
• Grocery Stores
• Others

Source Type:

• Synthetic
• Organic
• Others

Form Type:

• Powder
• Cake/Block
• Liquid
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Middle East & Africa

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