Market Research Blog – Page 11290 – New Product Development

Mineral Sunscreen Market to Witness Massive Growth, Emerging Technology Research Report by 2030

The global mineral sunscreen market is also progressing at a relentless pace as compared to its chemical predecessor. Known to work better than chemical sunscreen, the demand for mineral sunscreen is projected to outpace the former. Benefits such as immediate action, organic production, and no reaction to sensitive skin have garnered a special focus toward mineral sunscreens.

The rising number of travellers have been the key end users of mineral sunscreen. Beachside and hiking vacations have prompted many travellers to ensure they wear sunscreen to prevent damage to the skin. This has significantly helped the industry to boost its sales in recent years. Analysts predict that growing awareness about role of UV ray exposure in causing skin cancer is expected to boost the demand.

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The growth of mineral sunscreen market has also been worthy of study as its demand seems to be based on a growing number of influencers promoting specific brands. For the same reason, brands are expected to tie up with established social media influencers to build consumer base in the coming years. FMI predicts that global mineral sunscreen market will be worth US$ 1.8 Bn by 2030, registering a CAGR of 5% during the forecast period.

Key Takeaways: Mineral Sunscreen Market

Travellers to generate bullish demand for sunscreen as beach vacations cause prolonged exposure to sun
Higher awareness about skincare amongst men to add male consumers to the sales of mineral sunscreen
Organic mineral sunscreen to remain key product as organic skincare trend intensifies
Mineral sunscreens between SPF 30 to SPF 40 to remain in consistent demand
South Asia and Pacific to offer fertile growth grounds as Generation Z and Millennials focus on improved lifestyle involving diligent skincare routines

Mineral Sunscreen Manufacturers to Tie Up with Influencers for Branding and Advertising

Sunscreen is significantly an influencer product as they are often travellers, beauty and makeup artists, and performers. This observation has turned the branding and advertising game around for cosmetic companies in recent years.

Collaborating with influencers for videos, brand promotion, and look transformation could help companies to stay ahead of the game by saving mammoth costs associated with advertising. Adding the “cool” factor becomes easy and in many ways it simplifies the tasks of luring in young costumers through such collaborations. Thus, in the coming months and years, vendors in the global mineral sunscreen market are projected to opt for this unique style of establishing brands.

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No Outdoors as COVID-19 Spreads Creates a Dark Spell for Mineral Sunscreen Sales

The colossal chaos caused by COVID-19 has led to a serious drop in the sales of mineral sunscreen. Stringent lockdowns have completely eliminated the outdoors for many. Furthermore, as many avoid stepping out to avoid chance of getting infected has resulted in massive plunge in the usage of mineral sunscreen.

Travel bans, bans on tourist spots, and refrained sporting activity have further addled the issues for mineral sunscreen manufacturers with low sales. However, analysts anticipate that as Europe opens borders and travel resumes gradually, the demand for mineral sunscreen will gain normalcy too.

In the post-pandemic world as consumers become more and more health conscious, they are likely to invest in good skin care routines to prevent damage and premature aging. This will raise the demand for mineral sunscreen, which is an excellent option for young adults.

Future Market Insights also analyses that the intensifying K beauty trends are also expected to propel and endorse the use of sunscreen, which will create an excellent growth avenue for the market.

As e-commerce restores its supply chain the sales for mineral sunscreen will gain momentum giving consumers will have a wider variety to pick from.

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Key Segment

Skin Type

Dry
Oily
Sensitive
Upright/Non-Portable garment steamer

Sun Protection Factor

Up to 29 SPF
30 SPF – 49 SPF
50 SPF – 69 SPF
70 SPF and more

Consumer Orientation

Male
Female
Unisex

Nature

Natural
Organic
Synthetic

Price Range

Economy/ Mid-Range
Premium

Age

Adult
Children

Sales Channel

Direct
Indirect
- Supermarkets/Hypermarkets
- Convenience Stores
- Independent Small Stores
- Discounted Stores
- Online Sales Channel
- Others

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
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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Mini Refrigerator Market is Projected to Expand at a high CAGR of 7.7% During 2022 – 2027

The global mini refrigerator market size is expected to reach US$ 2.22 Bn by the end of 2027. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 7.7% between 2022and 2027. According to the report, growing popularity of portable kitchen appliances and emerging trend of energy star certified appliances boost demand for mini refrigerator 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.

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It includes in-depth insights into the mini refrigerator market. Some of these are:

The estimated value of the mini refrigerator market was at ~US$ 3,060.2Mn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, East Asia dominates the mini refrigerator market globally owing to rise in adoption of portable mini refrigerator to the outdoor activities such as fishing, camping, adventure sports, along with expanding demand for cold storage in vehicles to keep the food and beverages fresh during travel.
East Asia emerges as one of key markets owing to rise in per capita spending on kitchen appliances which makes mini refrigerator affordable along with increase in number of nuclear families led to increase in demand for mini refrigerator in the region.
Growth of online retailers’ sales channel is expected to boost the sales of mini refrigerator over the forecast period.
Prominent players are analysing consumer behaviour and purchase pattern to understand the current household trend. The company’s focus remains on developing innovative products that come with minimum-maintenance requirement, as, it is one of the core objectives of having smart technology.

Rise in Demand for High Capacity Mini Refrigerator at Commercial Areas

Based on the capacity, the 4-5 cu. Ft. is expected to be the most attractive segment in the mini refrigerator market over the forecast period. Rise in demand for high capacity portable refrigerator in commercial areas such as hospitals and clinics to store drugs and medical devices that requires specific storage conditions is the primary factor expected to exhibit a significant growth in the global mini refrigerator market during the forecast period.

Furthermore, unique features associated with mini refrigerator such as portability, efficient cooling temperature, and high capacity propel the global mini refrigerator market for further growth. However, 2-2.9 cu. Ft. segment is expected to expand at higher CAGR during the forecast owing to increasing demand of such products on vehicles as well as outing or some small holiday trip with such capacity.

Who is Winning?

Some of the leading players operating in the mini refrigerator market are The Whirlpool Corporation, Samsung Electronics, Videocon Industries, Godrej Appliances, LG Electronics, Haier Group Corporation, Electrolux AB, Panasonic Corporation, Siemens AG, ARB Company, Highsense Infotech, Zhongke Meiling Cryogenics Co., Ltd., Danby Appliances Inc., Whynter, LLC, Engel, Koolatron Corporation, Dometic Group AB, EdgeStar Appliances Company, Midea Group, Uber Appliance Company, and others.

These manufacturers are developing technological advanced products with high energy star certified products to meet growing consumer requirements as well as to have a competitor edge in the market. Moreover, collaboration with domestic distributors, strategic partnership, seeking for certifications, and enter into e-commerce platform remains a popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through mergers and acquisition.

In January 2020, Godrej Appliances introduced a new mini refrigerator for hotels and hospitals, to cater to the cooling requirements of the industry. Company developed innovative product to meet the growing demand of cooling device that works on advanced thermostatic technology.
In 2019, Haier Group Corporation launched two new vertical freezers namely Mini-Vertical Freezer ‘BD88DEM’ and Haier Premium Vertical Freezer ‘BD168WL’ in India to stock small to large variety of food items. The refrigerator is designed to reduce the problem of frost formation and provide a wide temperature range between -14 to -25 degrees.

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Key Segments Of Mini Refrigerator Industry Survey

Mini Refrigerator Market by Product:

Single Door Refrigerators
Double Door Refrigerators

Mini Refrigerator Market by Price Range:

Economic Mini Refrigerators
Mid-range Mini Refrigerators
Premium Mini Refrigerators

Mini Refrigerator Market by Capacity:

Less Than 1 cu. Ft Mini Refrigerators
1-1.9 cu. Ft Mini Refrigerators
2-2.9 cu. Ft Mini Refrigerators
3-3.9 cu. Ft Mini Refrigerators
4-5 cu. Ft Mini Refrigerators

Mini Refrigerator Market by End User:

Residential Mini Refrigerators
Commercial Mini Refrigerators

Mini Refrigerator Market by Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Exclusive Stores
Independent Small Stores
Online Retailers
Other Sales Channels

Mini Refrigerator Market by Region:

North America Mini Refrigerator Market
Latin America Mini Refrigerator Market
Europe Mini Refrigerator Market
East Asia Mini Refrigerator Market
South Asia & Pacific Mini Refrigerator Market
Middle East & Africa (MEA) Mini Refrigerator Market

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Small Kitchen Appliances Market Expected to Reach Tremendous Growth by 2030

The market for small kitchen appliances is anticipated to reach a value of US$102.31 billion in 2022 and to grow at a 3.5% CAGR from 2022 to 2030. The newest trends in practically every business, which have a direct or indirect impact on customers and the environment, include awareness of health and fitness, the use of environmentally friendly products, and these trends.

This trend is also observed in the cookware industry where consumers are increasingly demanding green or sustainable products, which will cause no harm to the surrounding environment. Due to the growing need of sustainable kitchen appliances, many new trends have emerged in the market.

As an example, gas cooktops use less energy than electric ones, but they do release carbon monoxide, carbon dioxide, and nitrogen dioxide into the air which harms the environment. Chefs around the world prefer eco-friendly pans that will not put the health of consumers at risk.

Cuisinart’s green gourmet non-stick cookware is an example of it. It consumes less energy and reduces harmful carbon emissions. Spurred by these factors the small kitchen appliances market is expected to witness a steady growth in the coming years.

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Key Takeaways from the Small Kitchen Appliances Market Study

East Asia is expected to dominate the global small kitchen appliances market owing to large population base which are more inclined towards healthy & home cook food. Small kitchen appliances market is primarily dominated by small cooking appliances due to growing food easting habit in home which further creates demand for small cooking appliances such as cooker, deep fryer, toaster etc.
According to FMI, residential sectors are expected to see higher sales of small kitchen appliance as compared to commercial sector however HoReCa (hotel, restaurant, café) segment is anticipated to expand at highest CAGR during the forecast. Changing consumer lifestyle and increasing income level is expected to boost industry growth over the forecast period.
Modern trade (hypermarket/ supermarket) is considered as the largest sales channel in terms of value share in the global small kitchen appliances indirect sales channel. Hypermarket/Supermarket is anticipated to dominate the global market owing to high product variety of multiple vendors at competitive price range.
The small household appliances industry is thriving immensely through increased sales on e-Commerce platforms, owing to advantages such as ability to compare prices of products, brands, and product variety, and ability to read reviews of other consumers. The e-Commerce industry is reshaping the global retail market. Growing interest for online purchasing is driving the industry forward. The facility of product comparison of different vendors has led to higher online sales.

Small Kitchen Appliances Sales Are Gaining Traction Globally owing to High Product Awareness, and New Innovative Product Launches

Technology advancements, energy efficiency, cost, and quality of the products are major factors drive consumers’ purchasing preference. The advent of e-commerce industry and wide availability of different offline sales channel such as modern store (hypermarkets/supermarkets, specialty stores etc.) supports the industry from supply side.

Growing health consciousness, increasing consumers with cooking as hobby, growing television programs and cooking recipes on YouTube and other online platforms push the consumers towards home food which is resulting as an increased demand for small kitchen appliances across the world.

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Market to Recover as Soon as Economies Return to Normalcy Post Coronavirus

Covid-19 which originated in China has now spread all over the world. Except essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The small kitchen appliances market is also affected due to Covid-19 pandemic as production are temporarily suspended, physical stores are closed.

Online platforms also face challenges in product delivery due to country lockdown, and low availability of stocks. However, initiatives taken by the respective country governments have checked the growth rate of people getting infected. This shows positive sign of normalcy in coming quarter for few countries such as China, India etc.

Who is winning?

Some of the key players operating in the Small Kitchen Appliances market are Whirlpool Corporation, Panasonic Corporation, Groupe SEB, Electrolux AB, BSH Hausgeräte GmbH, Haier Group, LG Electronics, Dongbu Daewoo Electronics, Samsung Electronics, Breville, Miele, Koninklijke Philips N.V., Conair Corporation and others.

Several leading foot care product players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of Small Kitchen Appliances.

In Nov 2019, Caraway Home launched eco-friendly, non-toxic and non-stick materials cookware set.
In Sept. 2019, Philipps had launched Keurig K-Duo coffee machine in three variants.

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Key Segments of Small Kitchen Appliances Industry Survey

Small Kitchen Appliances Market by Product:

Small Cooking Appliances
Food Preparation Appliances
Beverage Making Appliances

Small Kitchen Appliances Market by Price Range:

Mass Small Kitchen Appliances
Premium Small Kitchen Appliances

Small Kitchen Appliances Market by End Use:

Residential Small Kitchen Appliances
Commercial Small Kitchen Appliances

Small Kitchen Appliances Market by Sales Channel:

Wholesalers/ Distributors
Hypermarkets/ Supermarkets
Multi-brand Stores
Independent Stores
Online Stores
Others

Small Kitchen Appliances Market by Region:

North America Small Kitchen Appliances Market
Latin America Small Kitchen Appliances Market
Europe Small Kitchen Appliances Market
East Asia Small Kitchen Appliances Market
South Asia & Pacific Small Kitchen Appliances Market
Middle East & Africa (MEA) Small Kitchen Appliances Market

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Tea-based Skin Care Products Market Report Covers Future Trends with Research 2032

The green tea-based skin care products size is forecast to top US$ 536.4 Mn in 2022 and exhibiting a remarkable 8.7% CAGR between 2022 and 2032. This is due to increase in consumer awareness for natural personal care products and the desire of manufacturers to replace conventional ingredients with natural variants.

Therefore, with increasing demand for natural cosmetics due to their long-term health benefits, the green tea-based skin care products are growing attaining popularity over the forecast period. Tea is produce from the Camellia sinensis plant- a small evergreen shrub native to East Asia region. Green tea has various essential elements such as polyphenols, tannins, protein, minerals, amino acids, carbohydrates, and others.

Using green tea as an ingredient in skin care products provide various health benefits such as potent free radical scavengers, strong antioxidant herbs, acne management, dermatological benefits, and many more. Projected to rise at a CAGR of ~8.7% between 2022 and 2032, Future Market Insights foresees stable growth for the market.

“Prominent players in the global tea-based skin care market can gain significant profits by introducing novel tea-compounds into their beauty care offering. Companies can also be shifting their focus towards sustainable raw materials and replacing synthetic chemicals with natural ingredients.” says an FMI analyst.

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Key Takeaways from the Study

According to the report, various prominent players are rapidly expanding their market footprint through various strategic partnership with major regional distributors and players. This is also intended to expand their product portfolio by adding new naturally derived skin care products.

Currently key players are significantly investing in research and development activities to boost manufacturing capabilities and to have a competitive edge among their competitors.
Companies are incorporating green tea in their skin care products in extract form. Additionally, they are developing their own green tea extracts to ensure high quality, purity, concentration, and others.

The East Asia region is expected to retain its dominant position in the global tea-based skin care products market, due to high production of tea in the world and people in the region consider it as a remedy which was discovered thousands of years ago in China.

Among tea type, the green tea segment is expected to exhibit a comparatively higher CAGR in the global tea-based skin care products market in the near future, as it has high antioxidants benefits when applied topically. It also reduces oxidative stress and neutralise free radicals.

The rapidly growing trend of beauty supplements to enhance the radiance, smoothness of the skin, and reduce problems related to aging. Therefore, to boost the overall appearance consumers are including such products into their daily routine. Manufactures are also improving their formulas to introduce novel beauty supplements.

The tea is one of the excellent beauty improving ingredient used in supplements and skin care products which has a positive impact on the market. Consuming tea-based supplements in right amount provides various beauty benefits such as healing properties, skin disorder treatment, improving metabolism, and many more.

In skin care products the tea is used in various forms such as extract, camellia seed oil, leaf powder, and others. However, the effectiveness of tea as an ingredient is depend on many factors such as concentration level, tea quality, processing method, etc. This above mention factors is boosting the demand for tea-based skin care products market over the forecast period.

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Who is winning?

Some of the key players operating in the tea-based skin care products market are Laboratories du Palais Royal, AmorePacific Corporation, Organic Tea Cosmetics Holdings Co Ltd., Avon Products, Inc., L’Oréal S.A., Natura & Co., Unilever, Purity Cosmetics Inc., Schmidt’s Naturals, ArtNaturals, SkinYoga, The VLCC Group, ARTDECO cosmetic GmbH, Burt’s Bees, Inc., Korres Natural Products Company, Kendo Holdings Inc., Dr. Bronner’s, Avalon Natural Products, Inc., Elizabeth Arden, Inc., BCL SPA, and others.

Several prominent market players are entering into strategic partnership with various stakeholders to expand their product portfolio, market footprint, and enter into luxury business segment. Besides this, mergers and acquisitions often allows them to gain competitive advantage.

In June 2019, Unilever acquired Tatcha LLC to increase its product offering in skin care products based on a green tea ingredient.
In 2018, Innisfree established its first store in NYC’s Union Square, USA. This helped company to improve its customer base in North America through expanding product offering and attracting new customers through various innovative products and promotional strategies.

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Tea-based Skin Care Products Market by Category

Product Type:

Creams & Lotions
Serums
Face Packs/Masks
Cleansers
Other Skincare Products
Tea Type:

Black Tea
Green Tea
Others
Skin Type:

Dry
Combination
Normal
Sensitive
Oily
Sales Channel:

Direct Selling
Specialty Outlets
Supermarkets/Hypermarkets
Convenience Stores
Beauty Stores
E-Retailers
Other Sales Channel
Region:

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

Wine Cooler Market Current Trends And Future Growth Estimations Outlook To 2029

Wine cooler market is projected to grow at a promising pace with a healthy CAGR of 5.6% through the course of forecast period (2022-2029). The market will garner prominence on the back of heightened demand in hospitality, and food & beverages industries. Moreover, increased product launches owing to technological innovations is driving the market growth, finds a new Future Market Insights (FMI) report.

Attributes such as enhanced functionality and aesthetic appeal have contributed to the growth of wine cooler market. Internet of Things will play a pivotal role in product development through the projected period. Moreover, manufacturers continue to launch eco-friendly wine coolers to reinforce their sustainable practices.

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Key Takeaways of Wine Cooler Market Study

Food & beverages industry continues to generate substantial demand for wine coolers, with hospitality closing in.
Europe and North America collectively occupy approximately 66% of revenue share.
Consumers in developing countries will account for greater consumption of wine coolers through 2029.
Eco-friendly products will gain traction through the forecast period owing to increased government incentives and consumer preferences.

Heightened Per Capita Consumption of Wine Sustaining Growth of Wine Cooler Market: Rising per capita consumption of wine amongst millennials is driving the growth of wine cooler market. Burgeoning hospitality industry in developing countries is soaring the demand for wine coolers. Greater predilection of consumers towards enhanced product visibility and easy maneuverability is a significant growth contributor.

Rising inclination towards energy-efficient wine coolers is fuelling the market growth. However, sales of new commercial wine coolers are restricted by demand for pre-used wine coolers. Most wine coolers are not equipped with door storage or adjustable shelves thereby limiting its functionality.

Innovation and Strategic Collaboration to Remain Pivotal for Industry Leaders: Global wine cooler market is a fragmented landscape. FMI’s comprehensive study on wine cooler market features prominent market players including, but are not limiting to, Robert Bosch GmbH, Siemens AG, Viking Range, LLC, and Haier Group Corporation.

Market leaders have escalated R&D activities to launch innovative wine coolers for stronger market foothold. Wine coolers equipped with features such as multiple temperature zones, touchscreen panels, customized control settings for humidity and temperature have already infiltrated the market. Moreover, leading players continue to opt for strategic collaborations to foster their market presence.

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Wine Cooler Market: Segmentation:

The global wine cooler market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Installation

Built-in
Countertop
Freestanding

End-use Industry

Commercial
Residential

Region

North America
Latin America
Europe
MEA
Asia Pacific

Shisha Tobacco Market Detailed Analysis of Current Industry Figures with Forecasts Growth 2032

The global market for shisha tobacco is predicted to reach US$ 26 billion, growing at a robust 4% CAGR. Shisha tobacco consumption is often done with friends and is a significant component of social events and gatherings in many cultures. Today, this culture includes elements of college and university life. Additionally, friends and relatives frequently discuss using water pipes.

This is due to two reasons: first, it lowers the cost of shisha tobacco use; second, and more emotionally, it fosters a sense of brotherhood, especially among the male demographic, and makes them feel more accepted in society. Due to this tradition, there are now more cafes, restaurants, and lounges that offer a variety of services, including shisha tobacco services.

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The spread has made water pipe smoking more widely accessible locally and encouraged young people in various nations to seek out unique neurostimulating activities. This characteristic of shisha tobacco fits in well with the rapid expansion of cafes, restaurants, and lounges around the world.

The booming hotel, restaurant, and cafe (HoReCa) industry, particularly in developing nations, has coincided with the rebirth of the water pipe smoking tradition in nations like India, where young shisha tobacco use has moved beyond rural areas and into urban ones. Hookah cafes have proliferated in urban regions of affluent nations like the U.S., particularly near college campuses. Because of this simple accessibility, the industry expansion in

Consumer delusion that shisha tobacco is less harmful than other forms of tobacco consumption currently guides the market growth. However, as consumers get familiar with the complete truth about the harmful effects of shisha tobacco, the market growth is likely to be affected.

The above-mentioned factors are helping the shisha tobacco market to grow rapidly and with the rising awareness regarding health concerns, manufacturers are innovating and supplying herbal shisha tobacco that is likely to be less harmful compared to the original shisha tobacco.

Key Takeaways from the Shisha tobacco Market Study

Strong shisha tobacco to capture approximately a prominent share in 2021. However, through 2032, demand for the light variant of shisha tobacco is expected to gain traction due to the rising awareness regarding various health concerns.
Direct distribution of shisha tobacco is likely to generate a significant revenue during the forecast period. However, with the changing purchasing preferences of individuals, online retailers are likely to hold the maximum market share by 2032.

Impact of COVID-19 on the Market

The COVID-19 pandemic had prompted a growing list of event cancellations and closures, as health officials urge the public to avoid large crowds. Moreover, the shutdown of industries, manufacturing plants, and rise in unemployment leads to the growth of shortage of material thus, rise in dependency of developing countries on developed countries.

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Additionally, the ban on trading and changing preferences of individuals, and rising health concerns lead individuals to adopt healthy habits. Moreover, the closed café, bars, and restaurants gave no option to individuals especially millennials, thus, dropping the sales and demand in the shisha tobacco market.

Who is Winning?

Leading manufacturers of shisha tobacco are focused on introducing flavors, based upon, regional interest and further advertising them globally to drive sales of shisha tobacco globally.

Major players present in the shisha tobacco market are Fumari Hookah, Haze Tobacco, LLC, Tangiers Inc., Al Fakher Tobacco Trading, Japan Tobacco Inc., Alchemist Tobacco Co., Soex India Pvt. Ltd, Middle East for Tobacco, Al-Tawareg Tobacco Molasses Company, Arabic Factory of Smoking, Al Zawrae Industrial Company, Romman Tobakko, Ugly Tobacco Hookah Inc., Adalya Hookah, Cloud Tobacco Inc., Flavors of Americas, Capital Tobacco, Eastern Tombac & Tobacco Establishment, and Al-Amir Tobacco among others.

Global Shisha Tobacco Market by Category

By Product Type:

Strong Shisha Tobacco
Mild Shisha Tobacco
Light Shisha Tobacco

By Flavor:

Fruit
- Berry
- Apple
- Melon
- Citrus
- Tropical
- Others
Chocolate
Caramel
Mint
Blended
Others

By Sales Channel:

Direct Sales
Hypermarket/Supermarkets
Specialty Stores
Convenience Stores
Independent Small 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.

Halal Cosmetics Market Exhibits Higher Growth Prospects by the end of 2031

Future Market Insights (FMI) in a new study has predicted the demand for halal cosmetics to rise considerably in the coming years. It is expected to reach US$ 474.7 Mn by the end of 2022. As a continuing trend, halal cosmetics manufacturers are investing in the segment towards the expansion existing product portfolio and regional footprint.

Muslim population has emerged as a prominent consumer base, characterised by untapped product segments of cosmetics and rising per capita spending. This has prompted consumer and personal care product manufacturers to capitalize on the emerging latent opportunity.

Companies are optimistic with regards to purchasing power of members of this population. It is more than likely that over the span of the next four to five years, they will be focusing on developing innovative products and designing market level strategies capitalize on existing opportuniti8es.

Increasingly, awareness of the use of porcine-based ingredients in cosmetics is causing a shift towards Halal-certified products, also among the non-Muslim population. Additionally, the use of swine placenta in cosmetics, including wrinkle creams and facemask, is a factor of grave concern among certain section of consumers.

This change in consumer buying preference has encouraged the players in the market to stimulate innovation and expand the portfolio, tapping the unexposed segments of the industry and as a result escalating the demand over the forecast period.

FMI in its latest study has forecasted the market to rise at a CAGR of 11.6% between 2022 and 2031. In terms of product type, the skincare segment will account for a notable share. An increasing number of consumers are gaining awareness regarding the use of impure ingredients in the cosmetic industry. Since skin care is a huge part of daily routine, consumers, men and women alike, are shifting towards halal skin care products

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Key Takeaways from the Halal Cosmetics Market Study

Global halal cosmetics market is forecast to exhibit strong growth through forecast period. The market has been projected to register above 10% Y-o-Y growth in 2021
The U.S. will lead the market in North America, accounting for above 82% of the share in 2021
The U.K. will remain a strong market in Europe, exhibiting over 16% Y-o-Y growth in 2021
Germany and France will emerge as lucrative markets for halal cosmetic sales in Europe
Demand from Japan and South Korea will increase considerably over the forecast period

COVID-19 Pandemic Causing Significant Disruptions

The current pandemic outbreak has posed 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 specular shift from discretionary spending to essential goods has further negatively impacted the market growth.

Another major change in consumer buying behaviour is witnessed in the form of a shift from store based retailing to online retailing facilitating a wider market reach. The budding companies in the industry have faced major logistical issues restraining the profit generation.

However the market is currently entering into reviving phase across different regions, which is further an indicator that points out towards new opportunities for established as well as the newly mushrooming companies.

Who is winning?

A few of the key players in the halal cosmetics market are Iba Cosmetics, Martha Tilaar Group, Clara International, Kao Corporation, Andalou Naturals, Ivy Beauty Corporation Sdn Bhd, Nature’s Dream, Prolab Cosmetics, Inglot Cosmetics, One Pure, and Talent Cosmetics, among 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. Innovative product portfolio establishment and expansion of portfolio is the most adopted strategy by the leading players.

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Halal Cosmetics Market Key Segments

By Product Type

Skin Care
- Creams & Lotions
- Face Cleanser
- Others
Hair Care
- Shampoo
- Conditioner
- Hair Oil
- Others
Makeup
- Facial Products
- Eye Products
- Lip Products
- Nail Products
Body Care
- Soaps
- Shower Gels
- Lotions
- Others
Fragrance

By End User

Men
Women
Unisex

By Sales Channel

Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Multi-brand Stores
Online Retailing
Other Sales Channel

By Region

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

Home Decor Market Glorious Opportunities, Business Growth, Size, And Statistics Forecasts Up To 2022

The value of the global home decor market is projected to reach over US$ 855,680 Mn in 2022 and increase at a high CAGR throughout the assessment period. Globally, the home décor market is growing as more individuals, especially in developing countries, own homes. In order to enhance the living space, furniture, textiles, and floor coverings are used in home décor.

The rise of the real estate sector is one reason for the home décor market’s quick growth. Additionally, the ease with which individuals may access new types of designs and a diversity of things for house décor as a result of factors like globalisation is promoting the expansion of this sector.

To give a further fillip to the home décor market is the rise of the online retail segment. Due to the rise of the online retail, furniture and other items used for home décor are available at a discounted price and have become more affordable. Hence, a large number of people are accessing these online retail outlets to decorate their homes.

Other factors that are encouraging the growth of this market are the rise in the disposable incomes and improving lifestyle of people. However, there are some restraints that are slowing the market growth of home décor products like the increasing price of raw materials like wood and leather.

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4 Forecast Highlights on Global Home Decor Market

As per the forecast of Future Market Insights, the rugs segment is slated to touch a value of nearly US$ 155,460 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The rugs segment is estimated to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
As per the forecast of Future Market Insights, the direct to consumer segment will reach a value of nearly US$ 127,733 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The direct to consumer segment is estimated to account for more than one-fifth of the revenue share of the distribution channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
As per the forecast of Future Market Insights, the indoor segment is slated to reach a value of nearly US$ 560,205 Mn in 2022. The indoor segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the APEJ region in the indoor segment.
Future Market Insights forecasts the China home décor market to grow from US$ 79,955 Mn in 2017 to US$ 109,434 Mn in 2022. This represents a compound annual growth rate (CAGR) of 6.5% from 2017 to 2022.

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The report has also profiled leading players in the global market for home decor, which will remain active through 2022. These include companies such as Samson Holding Ltd., Koninklijke Philips N.V., Springs Window Fashions LLC, The Oneida Group, Inc., Siemens AG, Suofeiya Home Collection Co., Ltd., Conair Corporation, Inter Ikea Systems B.V, Hanssem Co., Ltd. and Zepter International Inc.

Market Taxonomy

Product Type

Home Furniture
Rugs
Bath Textiles
Bed Textiles
Kitchen and Dining Textiles Tiles
Wood & Laminate Flooring
Vinyl & Rubber Flooring
Lighting
Other Products

Distribution Channel

Retail Stores
Direct to Consumer
Manufacturer Stores
E-commerce Stores
Discount stores
Rental Stores
Club Stores
DIY Stores

Application

Indoor
Outdoor
Other Applications

Region

North America
Latin America
Europe
Japan
APEJ
MEA

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End-Of-Pipe Air Pollution Control Equipment Market 2022 Research, Segmentation, Key Players Analysis and Forecast to 2032

From 2022 to 2032, global end-of-pipe air pollution control equipment demand is expected to grow at a CAGR of 5%. End-of-pipe technology is used to reduce or eliminate the emission of harmful substances into the atmosphere. One of the most important areas of pollution control is air pollution control, which includes solid waste management, wastewater treatment, and hazardous waste management.

When there is a high concentration of dangerous compounds in the air, it is considered polluted. End-of-pipe air pollution control equipment reduces hazardous gas emissions by cleaning exhaust and contaminated air before it exits a factory or facility. This technology is more advanced and less expensive than traditional air pollution control technology.

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End-of-pipe technology is used to reduce or eliminate the release of equipment into the atmosphere that is hazardous to human health or the environment. pollution management, beside solid waste management, wastewater treatment, and unsafe waste management, is one amongst the key areas of pollution control.

Market Competition

Key market participants are focusing on the establishment of new production plants to meet the increased demand for their end-of-pipe air pollution control equipment in various regional markets.

AAF International
Alstom SA
EWK Umwelttechnik GmbH
A-Tec Industries AG
Fujian Environmental Protection Co. Ltd.
Hosokawa Micron Group
Termokimik Corporation
Foster Wheeler Ltd
FLSmidth Airtech Company
Fisia Babcock Environment GmbH

End-of-pipe technology is used to reduce or eliminate the emission of substances into the atmosphere that can be harmful to human health or the environment. Air pollution control, along with solid waste management, wastewater treatment, and hazardous waste management, is one of the key areas of pollution control.

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Key Segments Profiled in the End-of-Pipe Air Pollution Control Equipment Industry Survey

End-User Industries:

End-of-Pipe Air Pollution Control Equipment for Government and Utility
End-of-Pipe Air Pollution Control Equipment for Industrial Sector
End-of-Pipe Air Pollution Control Equipment for Commercial Sector
End-of-Pipe Air Pollution Control Equipment for Residential Sector

Applications:

End-of-Pipe Air Pollution Control Equipment for Nuclear Power Plants
End-of-Pipe Air Pollution Control Equipment for Power Systems
End-of-Pipe Air Pollution Control Equipment for Raw Material Refining
End-of-Pipe Air Pollution Control Equipment for Food Processing
End-of-Pipe Air Pollution Control Equipment for Other Applications

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Laser Welding Equipment Market : Notable Developments & Geographical Outlook 2022 to 2032

The market for laser welding equipment is anticipated to expand by US$ 373 Mn by 2025, with a CAGR of 4.8% from 2022 to 2032.

The advancements in laser technology have resulted in its wide usage and laser beams a “commonplace”. The laser welding process is used for welding a wide range of materials. Laser welding equipment finds its application in materials with high heat conduction and higher melting point. The method aids the joining of components that needs high-speed welding and low thermal distortion. The laser welding process has the majority of its application in exotic applications where no other welding process would be suitable.

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The product is highly demanded by the essential growth sectors such as photovoltaic, entertainment electronics, medical device technology etc. The continued growth in the photovoltaic demand and succeeding its production are greatly responsible for the growth of the global laser welding equipment market. The equipment provides high precision, flexibility and productivity which allows mass production of innovative products.

The global laser welding equipment market is expected to grow due to the extensive usage of laser welding equipment in various end-user segments. The growing market has been experiencing a phase of emerging acceptance by many new customers that are new to the laser. The global laser welding equipment market is being expanded based on three-pronged areas including the already existing users that are increasing their use of laser welding equipment for explicit applications; the development of new technologies for new applications; and the development of new applications for existing technologies.

Recently heavy industries such as the wind industry has been increasing their usage of laser welding equipment so as ensure a lower cost of offshore wind energy. The wind turbine towers and substructures are becoming the prime focus points for laser welding equipment manufacturers.

Laser Welding Equipment Market: Drivers & Restraints

The global laser welding equipment market is expected to grow due to increasing demand from the automotive sector as well as the construction sector. The market augmentation is further supported by the emerging economies such as Asia pacific with high growth potential industries such as wind energy. The rising importance of wind energy is expected to promote the global laser welding equipment market.

The emergence of the new procedures and applications globally coupled with new technological development is further driving the growth of the global laser welding equipment market.

Conversely, the shortage of skilled labours in the industries of manufacturing is accepted to confine the market growth. It is also anticipated that a hefty initial price tag (that saves money over time) and high labour costs can pose a challenge for the growing market of laser welding equipment market.

Laser Welding Equipment Market: Region-wise Outlook

The laser welding equipment market is expected to register favourable growth for the forecast period, 2015? 2025. The Asia Pacific is projected to endure control of the global laser welding equipment market. The factors contributing to the rising demand in APAC are growing awareness of laser welding technology and rising construction sector, automotive and transportation sector. Europe is expected to lose its share to emerging economies due to the shortage of raw materials and adverse effects of economic crisis on the end user industries. The North America and Rest of the world followed the European market.

Laser Welding Equipment Market: Key Players

The key players in the global laser welding equipment market are Lincoln Electric, ITW, Böhler, Panasonic and ESAB (Elektriska Svetsnings-Aktiebolaget)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes

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

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Laser Welding Equipment Market: Segmentation

By application, the global laser welding equipment market is segmented as follows:

Spot welding and seam welding
Deposition welding
Scanner welding
Hybrid welding
Deep penetration welding
Heat conduction welding
Soldering
Laser welding of plastics
Tube and Profile welding

By end use, the global laser welding equipment market is segmented as follows:

Machine Tool Industry
Medical Device Technology
Plastic Processing
Solar Industry (Photovoltaic)
Electronics Industry
Automotive Industry
Semiconductor Industry
Glass Industry
Jewellery Industry
Packaging Industry
Plastic Processing
Others

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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